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E036: Our Biggest Mistakes & Lessons Learnt This Year

Marketing Operators · December 3, 2024 · 70 min

Summary

This episode dives into a year of learning for ecommerce operators, covering critical mistakes and pivotal lessons. It offers actionable advice on navigating channel diversification, optimizing paid ad strategies, and rethinking SMS marketing to drive higher LTV and customer retention. The hosts share insights from their own experiences, providing a realistic perspective on what works and what doesn't in the fast-evolving ecommerce landscape.

Key takeaways

Themes

paid acquisitionemail & smscustomer retentiondtc strategy

Topics covered

sms marketing best practicesconversational commercepaid ad channel diversificationmeta ads optimizationcustomer lifetime value benchmarksorganic distribution strategyholdout testingai in marketingrcs messaging

Episode description

In today’s episode of Marketing Operators, we’re getting real about our biggest mistakes from the past year, and the lessons learnt from these. We cover why forecasting isn’t always straightforward, the importance of adjusting tactics quickly, the tricky balance of optimism versus realism in decision-making, and what it takes to scale sustainably in a tightening market. Tune in for a deep dive into what worked, what didn’t, and how we’re sharpening our growth strategies for the future. If you have a question for the MOperators Hotline, click the link to be in with a chance of it being discussed on the show: https://forms.gle/1W7nKoNK5Zakm1Xv6 00:00 Introduction 05:52 Navigating Black Friday Predictions 16:01 Learning from Mistakes: Agency Expectations 21:01 Projections and Lessons Learned 30:04 Inputs vs. Outputs in Revenue Projections 35:17 Navigating Challenges in DTC Business 44:48 Facing Reality: Leadership and Accountability 52:36 Lessons from Past Failures 55:25 Rapid Decision-Making and Opportunity 01:00:36 Building a Strong Internal Team 01:05:15 Testing Pricing Strategies for Sales Operators Exclusive Slack: https://join.slack.com/t/9operators/shared_invite/zt-2tdfu426r-TepSHJP~evAyDfR29U2qUw Powered by: Motion. ⁠⁠⁠https://motionapp.com/pricing?utm_source=marketing-operators-podcast&utm_medium=paidsponsor&utm_campaign=march-2024-ad-reads⁠⁠⁠ Prescient AI.⁠⁠⁠ https://www.prescientai.com/operators Richpanel.⁠⁠⁠ https://www.richpanel.com/?utm_source=MO&utm_medium=podcast&utm_campaign=ytdesc Subscribe to the 9 Operators Podcast here:https://www.youtube.com/@Operators9 Sign up to the 9 Operators newsletter here: https://9operators.com/

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Frequently asked about this episode

What does this episode say about paid acquisition?
Implement holdout testing in SMS to understand true incrementality and optimize messaging frequency without over-saturating customers.
What does this episode say about email & sms?
Prioritize organic distribution channels as a foundational layer before scaling paid acquisition efforts to ensure sustainable growth and reduce reliance on expensive ads.
What does this episode say about customer retention?
When expanding into new channels, focus on customers acquired rather than just revenue generated to accurately sequence channel investment and avoid premature scaling.
What does this episode say about dtc strategy?
Actively analyze internal data sources, especially CRM and SMS conversations, as these often contain untapped signals about customer objections and purchasing intent that can inform product and marketing strategies.
What does this episode say about paid acquisition?
For brands scaling past $5M-$10M, the first step to unlocking more from SMS is to implement robust segmentation and personalization, moving beyond generic blasts to conversational commerce.

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