User Power
Value/Post Ratio
246%
- Jun 29, 2011
- 1,811
- 4,464
I'll give you a real life example. This actually happened in our mastermind.But if you want to form a group to learn a specific topic like business I cannot see how that would work.
WEEK 1
PERSON 1: My website is setup, and I'm running Facebook ads to it, but I can't get any traffic for some reason. I'm going to try Adwords instead.
OTHERS: No, don't try Adwords. Facebook is not the problem. You are. You need to stick to one traffic source until you figure it out. Try targeting more people.
PERSON 1: Okay, I'll do that and let you know what happens next week.
WEEK 2
PERSON 1: I'm still not getting any traffic. I'm going to try Adwords instead.
OTHERS: No, DO NOT go to Adwords. Marketers lose money when they bounce from one traffic source to another. Master one before moving to another. How high is your bid?
PERSON 1: My bid is exactly what they suggest.
OTHERS: Try bumping up your bid to $5 per click, and cap your daily spend at $25 so you're not charged $10,000.
PERSON 1: Whatever. *Extremely pissed at everyone for a few days*
WEEK 3
PERSON 1: I figure out that if you bid $5 per click for traffic, you only end up paying a little more than their suggested bid of $0.60 per click. I spent $25 per day and did $300 in sales.
OTHERS: Awesome! No increase your daily budget so you get more traffic.
PERSON 1: I can't because I can't spend that much money.
OTHERS: You just spend $175 and made $300. You're not spending money, you're making money.
WEEK 4
PERSON 1: I increased my budget to $50 per day and did $700 in sales.
OTHERS: Awesome! No increase your daily budget so you get more traffic.
PERSON 1: I can't because I can't spend that much money.
OTHERS: You just spend $175 and made $300. You're not spending money, you're making money.
*Scared to increase budget repeats for another couple weeks*
WEEK 7
PERSON 1: My budget is $1,000 per day, but it only lets me spend $500 for some reason. I'm doing $XX,XXX per week in sales.
OTHERS: Nice F*cking job! *Secretly wants to be person 1*