DiscoverHonest EcommerceBonus Episode: Marketing Efficiency Ratio is a Better Metric than ROAS with Nigel Thomas
Bonus Episode: Marketing Efficiency Ratio is a Better Metric than ROAS with Nigel Thomas

Bonus Episode: Marketing Efficiency Ratio is a Better Metric than ROAS with Nigel Thomas

Update: 2022-11-24
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Description

Having previously built a 7-figure agency and consulted many 7 and 8-figure DTC brands on their marketing strategy, Nigel knows what it takes to implement complex paid social campaigns at scale.

He is the CEO of Alpha Inbound, a growth marketing agency that helps Shopify brands find higher quality traffic on Meta & TikTok for less by creating, testing and scaling highly engaging UGC content.

In This Conversation We Discuss: 

  • [00:00 ] Intro
  • [01:20 ] How Nigel started with Alpha Inbound
  • [02:38 ] What makes Alpha Inbound different
  • [04:00 ] The partners that Alpha Inbound works with
  • [05:40 ] Alpha Inbound’s “secret sauce”
  • [08:06 ] MER gives a wider perspective
  • [09:25 ] MER makes the attribution problem simpler
  • [10:40 ] Marketing isn’t just direct response advertising
  • [11:08 ] Branding vs direct response advertising
  • [12:08 ] SMBs want to be brands but they don’t know how
  • [12:33 ] Questions to ask before investing into paid ads
  • [14:39 ] An agency that is great asks more questions
  • [15:15 ] Are the “agency horror stories” their own fault?
  • [16:40 ] VC-backed companies are pressured
  • [17:02 ] Why Chase doesn’t to work with funded brands
  • [17:29 ] Brands, trust the agencies’ processes
  • [17:54 ] Economics, resources, expectations
  • [19:08 ] How to grow from a million
  • [19:52 ] What should your LTV and margins be
  • [20:22 ] How Alpha Inbound puts together content
  • [21:22 ] Volume to test, systems to make volume
  • [21:59 ] Looking at ROAS and day 1 attribution
  • [23:22 ] Budgets doesn’t instantly mean success
  • [24:48 ] The platform always wins
  • [25:02 ] Percentage of gross revenue to invest in growth
  • [26:14 ] You really have to pay to play
  • [26:37 ] What if you can’t spend $10k on ads?
  • [27:40 ] Where to find Nigel

Resources:

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Bonus Episode: Marketing Efficiency Ratio is a Better Metric than ROAS with Nigel Thomas

Bonus Episode: Marketing Efficiency Ratio is a Better Metric than ROAS with Nigel Thomas

Chase Clymer with Nigel Thomas