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I've wasted 100K, where would you spend 1K? - I ABSOLUTELY SUCK at paid ads / acquisition. I've run Mantry.com for 10 Years (I post the link to give context, not to spam). We have done 4+ million in revenue mostly through organic traffic (300 visits/day) and press articles. I've hired 4 agencies, thrown money around Facebook, Instagram and Google Adwords with many freelancers but never gotten an ROAS over 1.5x. I have no faith so I have not spent any money on ads in the last three years. My question: If you had 1K/month to invest to generate 3K in revenue where would you allocate it in 2023? Open to any ideas!

2 years ago
58

If you've struggled with paid ads in the past and are looking for alternative ways to invest your budget effectively, here are a few suggestions:


1. Improve Organic Traffic: Since you've had success with organic traffic, it's worth investing in strategies to further enhance it. Consider optimizing your website for search engines by conducting keyword research, improving on-page SEO, and creating valuable content that aligns with your target audience's interests. Additionally, focus on link building to increase your domain authority and organic visibility. Allocate a portion of your budget towards content creation, SEO tools, and outreach efforts to generate more organic traffic.


2. Influencer Marketing: Collaborating with influencers in your niche can be a cost-effective way to reach a targeted audience. Look for influencers who align with your brand values and have an engaged following. Instead of paying for sponsored posts, consider offering them a free product or a commission-based affiliate program. This way, you can leverage their influence to drive traffic and sales without a significant upfront investment.


3. Email Marketing: Building a strong email list can be a valuable asset for generating revenue. Allocate a portion of your budget towards growing your email subscriber base by offering incentives such as exclusive discounts, freebies, or valuable content. Once you have a substantial list, focus on creating personalized and engaging email campaigns to nurture leads and convert them into paying customers. Invest in email marketing software to streamline your efforts and track the effectiveness of your campaigns.


4. Collaborations and Partnerships: Seek out complementary businesses or brands with a similar target audience and explore collaboration opportunities. This could include joint marketing campaigns, cross-promotions, or even co-creating products or services. By leveraging each other's existing customer base, you can increase your reach and potentially drive more revenue. Allocate a portion of your budget towards building and nurturing these partnerships.


5. Content Marketing and PR: Continue to invest in creating high-quality content that resonates with your target audience. This could include blog posts, videos, podcasts, or other forms of valuable content. Focus on providing solutions, insights, or entertainment that aligns with your brand and target market. Promote this content through various channels, including social media, guest posting on relevant websites, or reaching out to journalists and media outlets for potential press coverage. Consider allocating a portion of your budget towards content creation, promotion, and PR outreach.


6. Social Media Engagement: Instead of solely relying on paid ads, invest in building an active and engaged community on social media platforms. Allocate a portion of your budget towards creating valuable and shareable content, engaging with your audience, and fostering conversations. Encourage user-generated content and leverage user testimonials to build trust and credibility.


By investing in social media engagement, you can increase brand awareness, drive organic traffic, and potentially generate more revenue. Remember, these strategies may require time and effort to see results, but they can offer a cost-effective alternative to paid ads. Monitor your progress, analyze data, and iterate your strategies based on what works best for your business.

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