Wizard of Ads Monday Morning Memo

How to Spend Less on Google


Listen Later

Pain is a signal that something is wrong.

Pain whispers, shouts, and screams, “Pay attention. Be careful. Something is wrong.”

Jean Marzollo wrote a children’s poem in 1948 that romanticized Christopher Columbus. It inspired a generation of children during the Captain Kangaroo years. Her proud poem begins,

“In fourteen hundred ninety-twoColumbus sailed the ocean blue”

Bill Bryson wrote an insightful summary of that famous voyage on page 205 of his book, “At Home.”

“Columbus’s real achievement was managing to cross the ocean successfully in both directions. Though an accomplished enough mariner, he was not terribly good at a great deal else, especially geography, the skill that would seem most vital in an explorer. It would be hard to name any figure in history who has achieved more lasting fame with less competence. He spent large parts of eight years bouncing around Caribbean islands and coastal South America convinced that he was in the heart of the Orient and that Japan and China were at the edge of every sunset. He never worked out that Cuba is an island and never once set foot on, or even suspected the existence of, the landmass to the north that everyone thinks he discovered: the United States.”

We learn the meaning of pain as children, but we train ourselves to ignore it as adults.

Why do we do that?

I’m talking to you about the pain of your Google spend.

Is there a chance that you should pay attention – and be careful – because something is wrong?

Twenty years ago, Google inspired and electrified American business owners with their promise of “holding ad budgets accountable” by making advertising results, “identifiable, measurable, and scalable.”

Business owners romanticized Google by shouting,

“Hooray! Advertising will now become just another mathematical equation! Hooray! Hooray! To double my customer count, all I will have to do is double my ad budget!”

I watched a friend of mine raise his monthly Google budget from $20,000/mo. to $70,000/mo because he was convinced that he would get three-and-a-half times as many leads. When it didn’t work, I asked him to look closely at how many clicks he had purchased and compare that number to the total population of his trade area.

Have you done that math?

I watched another friend of mine elevate her Google budget until she was spending $90,000 a month. Her business was no longer profitable. I asked her to look at how many clicks she had purchased and compare that number to the total population of her trade area.

Have you done that math?

Have you ever raised your Google budget and had Google say to you, “We’re sorry, but it is not possible to spend that much money on your LSA. There simply aren’t enough people each day who are searching for what you sell.”

Do the math.

The past two decades have been the Captain Kangaroo years for millions of business owners.

Bill Bryson wrote that Columbus was, “convinced that he was in the heart of the Orient and that Japan and China were at the edge of every sunset.”

How many years have you been believing that your big payday from Google was at the edge of every sunset? Have you been saying,

“All we need to do is tweak our plan a little. As soon as we figure out the Google algorithm, we’re going to be rich.”

A business owner from a major American city recently spent a day with me. He had been spending $100,000 on Google ads each month for the past few years because he was convinced that he could not afford mass media in his city.

His budget could easily have made his name a household word by using television or radio. I know the town well. I have had clients there for many years.

His budget would reach more than 2 million people in his city who spend enough time listening to broadcast radio each week that each 0ne of those 2 million people would hear the ad 3 times each weekfor 52 weeks for a total of 156 repetitions per year.

Do you sell a big-ticket item that has a long purchase cycle? You cannot win that game unless your name is the one that people think of first – and feel the best about – when they finally need what you sell.

That is when the customer will type your name into Google. It is a cheap click with a high conversion rate because they have already chosen you.

It takes time and patience, but it always works.

Roy H. Williams

Ruth Milligan is the public speaking trainer who was the driving force behind TEDxColumbus where she spent a decade observing good and bad presenters. Today she is helping people improve their presentation skills before large auditorium audiences, intimate groups of employees, and most importantly, customers. Ruth doesn’t tell people what they should talk about. She says that to produce the desired results, what you say is often less important than how you say it. Listen and learn as she explains it all to roving reporter Rotbart at MondayMorningRadio.com.

...more
View all episodesView all episodes
Download on the App Store

Wizard of Ads Monday Morning MemoBy Roy H. Williams

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

47 ratings


More shows like Wizard of Ads Monday Morning Memo

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

226,206 Listeners

The EntreLeadership Podcast by Ramsey Network

The EntreLeadership Podcast

4,349 Listeners

The Human Upgrade: Biohacking for Longevity & Performance by Dave Asprey

The Human Upgrade: Biohacking for Longevity & Performance

7,201 Listeners

Monday Morning Radio by Dean Rotbart

Monday Morning Radio

36 Listeners

The Glenn Beck Program by Blaze Podcast Network

The Glenn Beck Program

25,633 Listeners

The Tim Ferriss Show by Tim Ferriss: Bestselling Author, Human Guinea Pig

The Tim Ferriss Show

16,101 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,789 Listeners

VINCE by Cumulus Podcast Network | VINCE

VINCE

63,409 Listeners

Craig Groeschel Leadership Podcast by Life.Church

Craig Groeschel Leadership Podcast

10,694 Listeners

Maxwell Leadership Podcast by John Maxwell

Maxwell Leadership Podcast

2,460 Listeners

Shawn Ryan Show by Shawn Ryan

Shawn Ryan Show

42,511 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

28,304 Listeners

The Artificial Intelligence Show by Paul Roetzer and Mike Kaput

The Artificial Intelligence Show

173 Listeners

Imprimis by Hillsdale College

Imprimis

226 Listeners

Candace by Candace Owens

Candace

6,644 Listeners