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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
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.