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How I Spend a $5,000/month on Ads!

⏱️ 22:14 🎀 Mike Andes
AUDIO EPISODE
How I Spend a $5,000/month on Ads!
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Chapters

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  • 0:00
    Facebook Ads Effectiveness
    Mike discusses whether Facebook is still a 'gold mine' for home service businesses, highlighting the maturity of the platform and the importance of good offers, creatives, and lookalike audiences.
  • 4:10
    Every Door Direct Mail
    The speaker evaluates the effectiveness of Every Door Direct Mail (EDDM) versus door hangers or door knocking for local market saturation, generally finding EDDM less effective.
  • 5:57
    Upselling Strategies
    Mike emphasizes the importance of immediate upselling after an initial service, suggesting using texts, emails, and even crew-recorded videos for additional offers.
  • 7:41
    Google Ads vs. LSA
    The discussion shifts to prioritizing spending between Google Ads and Local Services Ads (LSA), recommending exhausting LSA first due to its contained system and lower customer acquisition costs.
  • 9:22
    Website Conversion Importance
    Mike stresses that a high-converting, mobile-friendly website is crucial before investing heavily in Google or Facebook Ads, comparing a bad website to a 'crummy storefront'.
  • 11:58
    Platform Diversification
    The episode explores the risk of being overly dependent on a single ad platform, advocating for diversified ad spend across Facebook, Google, and LSA to mitigate risks and test offers.
  • 15:55
    In-house vs. Agency Ads
    Mike analyzes the decision to bring ad management in-house or outsource to an agency, considering cost, expertise, and the potential for business owners to manage campaigns effectively themselves.

Speakers

M
Mike Andes
Host

Key Takeaways

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Leverage Facebook's targeting capabilities by uploading customer lists to create lookalike audiences, significantly narrowing your ad targeting and improving lead quality.

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Prioritize a well-designed, fast-loading, mobile-friendly website, as improving conversion rates can be more cost-effective than simply increasing ad spend.

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Exhaust your budget on Local Services Ads (LSA) first due to their contained system and often lower cost per lead, before allocating significant funds to traditional Google Ads.

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Diversify your ad spend across multiple platforms (Facebook, Google, LSA) to avoid over-reliance on a single channel and maintain lead flow if one platform experiences issues.

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Implement immediate upselling strategies after an initial service using automated texts, emails, or even crew-recorded videos to maximize the lifetime value of new customers.

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Regularly update your ad creatives and offers on platforms like Facebook (e.g., weekly) to prevent ad fatigue and keep customer acquisition costs low.

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Consider managing ads in-house, especially for businesses under $5 million in revenue, by investing a week in self-education and consistent creative updates, potentially saving on agency fees.

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