A Smart Bear: Startups and Marketing for Geeks

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How do I know where to advertise?

A Smart Bear: Startups and Marketing for Geeks

Adventurous Advertiser writes: I’m ready to spend my first $1000 on something other than AdWords. I eventually built a system that could measure campaign efficacy with pinpoint accuracy, even with traditionally different media like print. (I “Besides that, you’ll lose credibility if you stop advertising.

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If you build it, they won't come, unless.

A Smart Bear: Startups and Marketing for Geeks

Advertising ?? Advertising isn't dead; you can still buy eyeballs. It sounds simple: The average cost of acquiring a customer is $C (advertising, sales, support, doing demos) and the lifetime revenue you get from that customer is $R, so if C < R you have a business. But one story beats a pile of AdWords A/B tests.

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A Scorecard: Should a decision be fast, or slow?

A Smart Bear: Startups and Marketing for Geeks

Because they’re good at it, they don’t waste time hang-wringing over whether or not to try an advertising campaign on the latest social media platform; they just do it. Online marketing teams are accustomed to throwing creative things at the wall, with new technology and platforms, because that’s the day-to-day reality of their job.

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Not disruptive, and proud of it

A Smart Bear: Startups and Marketing for Geeks

When they hear about a new social media craze they cringe in agony, desperately hoping it's a passing fad and not another new goddamn thing they'll be aimlessly paddling around in for the next decade. In retrospect we say that Google transformed how people find information, and further, how advertising works on the Internet.

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Capturing Luck with “or” instead of “and”

A Smart Bear: Startups and Marketing for Geeks

The competition happened to end on an up-day. This was an example of “high risk, high reward.” Like startups.

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Fermi estimation for startup business models

A Smart Bear: Startups and Marketing for Geeks

Click-through rates on paid advertisement is 1% at best, so we’ll assume less; call it 0.3%, so they’ll need 60,000,000 impressions on qualified eyeballs if they use that sort of advertising. So already our estimation is showing that standard advertising might not be a plausible strategy.

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What if there isn’t another 10x?

A Smart Bear: Startups and Marketing for Geeks

What if Facebook can make $20b/yr in advertising, but since the teens and social media elite have left, it will never make $200b/yr? What if OpenTable is the perfect reservation system but nothing else? What if Yelp has ratings but can’t solve the logistics of food delivery?

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