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Exposed The Biggest Marketing Lie of All Time

Here's a lie you currently believe: "It takes 7 touches to make a sale." The "rule of 7" is from a study done in the 1930s! Why on earth are we citing 100-year-old data?

So, how many touchpoints do you think it really takes? The answer (obviously) varies on the complexity and importance of a purchase. According to Google, it takes 20 touchpoints to sell a candy bar and more than 500 to sell a flight. Where do you think your product/service lands based on that window?


Overwhelmed? It gets worse. The average fashion shopper views 32 pages in a single session before making a purchase. From an attribution perspective, that still only counts as one "touch."This means we need marketing campaigns built to support multi-touch and multi-page engagements. This is one of the reasons we hate squeeze pages for anything, but impulse buys and massive value opt-ins. You can't send an educated consumer to a squeeze page 500 times without annoying them.


You need three things for a strong multi-touch approach, and Kasim shares them in this episode.


Sources:

Localogy: https://www.localogy.com/2019/02/goog...

Marketing Rule of 7's: https://www.marketingillumination.com...

19 New Ecommerce Statistics You Need to Know in 2023: https://www.drip.com/blog/e-commerce-...




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Transcript
Kasim:

The biggest marketing lie of all time exposed.

Kasim:

I'd like to welcome you to my favorite soapbox.

Kasim:

Thank you for coming.

Kasim:

Take a seat, strap in.

Kasim:

We're gonna be here while first a question, not rhetorical.

Kasim:

I want you to answer this out loud.

Kasim:

I don't care if you're in a public place.

Kasim:

How many touches does it take before somebody is ready to buy?

Kasim:

Don't think, just answer.

Kasim:

You've all heard this, you've read it.

Kasim:

It's been in business books and books on psychology.

Kasim:

How many touches, how many touches does it take before somebody's ready to buy?

Kasim:

If you answered seven, you've given me the answer that I was expecting.

Kasim:

Take seven touches before somebody's ready to convert.

Kasim:

Here's what's really interesting, even though this has been cited hundreds

Kasim:

of thousands of times, including in Harvard Business School Studies, this

Kasim:

comes from a study done in the 1930s by movie studios trying to see how

Kasim:

many times somebody needs to see a poster before they'll go see a film.

Kasim:

So why on earth are we quoting a hundred year old data?

Kasim:

First of all, second.

Kasim:

How many touches do you think it really takes to get to somebody to buy?

Kasim:

If that's from the 1930s when people weren't being inundated with ads?

Kasim:

What is it today?

Kasim:

Again, not rhetorical, answer it out loud.

Kasim:

Go.

Kasim:

Even if you're a coffee shop, just gimme me a number.

Kasim:

How many touches do you think it takes to get somebody to

Kasim:

convert, to buy your product?

Kasim:

Whatever's you sell, you're like, I sell enterprise SAS products, or I

Kasim:

sell T Cozies to Pirates, whatever.

Kasim:

Now, obviously the answer depends on the complexity of the product.

Kasim:

Google did a study, multi-year, multi-variant, thousands of data points.

Kasim:

And what they found was it takes 20 touches to sell a

Kasim:

candy bar, 500 to sell a flight.

Kasim:

So that's our window between 20 and 500.

Kasim:

Now, ask yourself, how complex is my whatever it's I'm selling.

Kasim:

And if it's less complex than a candy bar, then it's less than 20.

Kasim:

If it's more complex than a candy bar, and I imagine it is, then it's more than 20.

Kasim:

Is it as complex as a flight?

Kasim:

Is it more complex?

Kasim:

Hiring a Google ads agency's way more complex than booking a flight, right?

Kasim:

500 touches just to book a flight, just to book a flight.

Kasim:

Now that means that you need to be in front of your prospects.

Kasim:

As much or more than 500 times.

Kasim:

Did anybody else just throw up in their mouth a little bit?

Kasim:

Hold on.

Kasim:

It gets worse.

Kasim:

The average fashion shopper views 32 pages in a single

Kasim:

session before making a purchase.

Kasim:

I'm gonna say it again.

Kasim:

The average fashion shopper views 32 pages in a single

Kasim:

session before making a purchase.

Kasim:

Now here's what's really interesting is those 32 pages.

Kasim:

Have been catalyzed by one touch point.

Kasim:

That's one ad.

Kasim:

Clicked on the ad, went to the pages, viewed 32 pages.

Kasim:

That only counts as one touch.

Kasim:

That means that we need marketing campaigns that support multi-touch,

Kasim:

multi-page engagements.

Kasim:

We have to actually give people the opportunity to

Kasim:

engage with us in dynamic ways.

Kasim:

This is why I hate squeeze pages so much because you can't push an

Kasim:

educated consumer to a squeeze page 500 times without pissing 'em off.

Kasim:

So what do we do?

Kasim:

What's the answer?

Kasim:

Where do we go from your cosm?

Kasim:

Don't depress me.

Kasim:

Gimme answers first.

Kasim:

Diverse ads.

Kasim:

Diverse, creative.

Kasim:

You need to have enough.

Kasim:

This is so funny too, 'cause I'm such a hypocrite.

Kasim:

'cause we run the same ads especially from a remarketing perspective.

Kasim:

So look at me, I got my face.

Kasim:

I mean, we've got a significant diversity in our YouTube channel, but some of

Kasim:

our ads are, you know, old, tired.

Kasim:

You have to have diversification in your, in your, ads and you're

Kasim:

creative because you need to be able to deliver ads to people so that they're

Kasim:

not gonna get sick of your message.

Kasim:

499 times into it.

Kasim:

You know who's really good at this is Geico.

Kasim:

If you one the gold Standard, Geico pumps out and Geico's ads.

Kasim:

I don't know why everybody's so obsessed with Geico's ad.

Kasim:

I never thought they were that good.

Kasim:

They're just diverse.

Kasim:

They're just really diverse.

Kasim:

And with Chatt P t and Mid Journey and all the ai, this is not hard.

Kasim:

Y'all, you can pump out an unbelievable amount of ads and just keep loading 'em up

Kasim:

into Google and Facebook and the machine learning is gonna take 'em and use 'em.

Kasim:

And incidentally the generative AI inside of Google is gonna

Kasim:

start doing this for you.

Kasim:

Diverse ads, diverse creatives, number one.

Kasim:

Number two, it's gonna be shocking coming from me.

Kasim:

Omni-channel remarketing.

Kasim:

Omni-channel remarketing.

Kasim:

You wanna be remarketing on every single available channel in existence.

Kasim:

Google, Facebook, Twitter to Outbrain, AdRoll, Pinterest, Reddit.

Kasim:

Six Flags.

Kasim:

I made that last one up.

Kasim:

You wanna remarket on everything you can remarket on, because remarketing

Kasim:

is generally very, very cheap or effectively free if you're only

Kasim:

paying when they click and it brings you closer to those 500 touches.

Kasim:

As a matter of fact, I think it's the only thing that would get you to 500 touches

Kasim:

without playing like insane batch and blast, you know, like radio, television,

Kasim:

newspaper style, batch, and blast.

Kasim:

Last definitely not least quality content.

Kasim:

If somebody's gonna view 32, what was it?

Kasim:

Lemme go back to my previous slide.

Kasim:

32 pages in a single session, you need to give them 32 pages worth of content.

Kasim:

Makes you wonder, did they view 32 pages because, or did they

Kasim:

stop at 32 'cause they were done?

Kasim:

Or did they stop at 32 because.

Kasim:

That's where the average store ran out of content.

Kasim:

You wanna make sure you have quality content again,

Kasim:

with the AI tools out there.

Kasim:

This isn't hard anymore.

Kasim:

As a matter of fact, I think this is the one way that small brands are gonna

Kasim:

be able to differentiate themselves from small or from big brands, which

Kasim:

is creating massively quality content, massively quality, massively quality, no

Kasim:

creating insanely high quality content.

Kasim:

On granular scales that big brands just never would, never would mess with.

Kasim:

So, to, just to recap diverse ads and creative, you're gonna be pummeling

Kasim:

people to get death with a message.

Kasim:

Make sure that you have diversity, especially at the top of the funnel,

Kasim:

especially at the top of the funnel.

Kasim:

With the omnichannel remarketing, less than 2% of your target is

Kasim:

going to click on any given ad.

Kasim:

And that's good by the way.

Kasim:

So get out in front of them.

Kasim:

Be a ubiquitous truth.

Kasim:

I call myself digital herpes.

Kasim:

People are like, dude, I can't get rid of you.

Kasim:

I see your ad everywhere.

Kasim:

I go and I go, I know I'm digital herpes.

Kasim:

You'll never be the same.

Kasim:

That's gross.

Kasim:

I'm sorry.

Kasim:

And then quality of content speaks for itself.

Kasim:

And you know, it's so funny how content is king.

Kasim:

Just the trope just keeps coming back.

Kasim:

I have got citations in the description of this video.

Kasim:

If you'd like to go track down some of the data that I cited

Kasim:

it's expertly researched by me and I shoot a video every day.

Kasim:

I'd love for you to watch more videos, so if you wanna do that,

Kasim:

you can subscribe, and if you don't, don't, I'll see you tomorrow.

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