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Most business owners shut off $17 leads for $5 ones
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Key takeaways
- Most people, most business owners would look at this and say, "Well, this one's getting $5 leads.
- And that's why most business problems are counterintuitive, cuz the intuitive answer is usually wrong, cuz you've already tried it.
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Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00Unternehmer/Gast I'll give you guys a fun stat. So, in the launch, we had campaigns that were for lead gen, and we had campaigns that were targeted for ROAS. On the lead gen campaigns, our average lead cost was $5, and we got four to one on those campaigns. So, every four $5 lead was worth 20 to us. On our ROAS-based campaigns, our average lead cost $17, and the average lead was worth 189. So, it was an 11+ ROAS. Most people, most business owners would look at this and say, "Well, this one's getting $5 leads. This one's getting $17 leads.
0:31Shut off the 17 and get the five." >> From Right. And that's why most business problems are counterintuitive, cuz the intuitive answer is usually wrong, cuz you've already tried it.