Kevin Lee interviews Duane Brown, the CEO Head of Strategy at Take Some Risk, a performance-based agency. Duane shares the origin story of his agency, explaining that he initially started as a freelancer but ended up forming an agency due to the increased workload, especially during the pandemic.
They discuss their philosophy on testing in digital marketing and the importance of managing risks. Duane emphasizes that adapting to change is a necessary skill in marketing and that testing should be done without risking a large portion of the budget. He suggests limiting testing budgets to around 10% of the total budget and launching tests towards the end of the month to better assess their impact on monthly performance.
Kevin and Duane discuss common mistakes in paid media audits, particularly in the context of search and other advertising platforms. Some of the key points made include:
Conversion Tracking: One common mistake is the improper setup of conversion tracking, which became more challenging after Google discontinued Universal Analytics. It's crucial to ensure that conversion tracking is functioning correctly and that there are no tracking issues.
Account Maintenance: People sometimes fail to spend enough time on account maintenance. They overlook small changes or shifts in performance, which can later become more significant issues. Duane emphasizes the importance of double-checking work to catch mistakes and maintain account integrity.
Campaign Types: Duane mentions the overreliance on "Performance Max" campaigns in Google and other platforms. He suggests that while Performance Max campaigns are useful, they shouldn't be the sole campaign type, and advertisers should understand how different campaign types work together.
Facebook Advertising: In the context of Facebook ads, a common issue pertains to having too many campaigns and ad sets, which can lead to inefficient budget distribution. Duane recommends that advertisers focus on having fewer campaigns to collect sufficient data for optimization.
Data and Long-Term Strategy: Duane and Kevin stress the importance of collecting and using data effectively for long-term strategy. They talk about understanding post-conversion metrics and using business intelligence data to optimize campaigns for customer lifetime value (LTV).
Learn more about your ad choices. Visit megaphone.fm/adchoices