Issue 126: The Growth Lifecycle 📈📈📈

AKA How to Maximize Long-Term Profitable Growth

Whooooosh! 💨💨💨

That’s the sound of a decade happening in the space of about 2 weeks. Who’s ready for another go around?

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| TWEET OF THE WEEK

When I used to run a Marketing Ops team, the way we became more efficient and focused was by implementing two week sprints. When the idea initially was ran by me, I was SKEPTICAL, so I know what you’re thinking.

But before I dive into how to do a “Marketing sprint”, let’s get a clear picture:

What is a Marketing Sprint?

It’s not just a buzzword. It’s a framework adapted from Google Ventures that squeezes BIG achievements into short timeframes. AKA we want substantial results, QUICKLY, like launching a new 360 Marketing campaign in just two weeks.

This approach doesn’t work for everyone, but it had a lot of benefits for us.

So why Sprint?

Academy Awards Film GIF by CBS

Why Marketing Sprints Work

👉️ Focus: Zoom in on what matters. Every day of the sprint is a targeted strike towards a specific goal—no distractions, just results. It’s not lack of skill that inhibits most Marketing teams, it’s lack of focus. There are tons of tasks we’re asked to do, but what are THE MOST important?? A Marketing Sprint will help you clarify the most important to-do’s.

👉️ Speed: It’s all about quick cycles of planning, executing, and learning. This means quicker turnaround times and the ability to adapt on the fly. Marketing isn’t just fast-paced; it’s sprint-paced! Move fast and BREAK things.

👉️ Clarity and Commitment: With clear goals and a dedicated timeframe, everyone knows what needs to be done and is committed to the timeline. Teamwork makes the dream work Marketing Bestie. The short timeline FORCES your hand, you will be working as a TEAM.

👉️ Transparency: It helps other stakeholders understand what we are working on and why their request might not be the highest priority. Also, when’s the last time you ever heard a brand achieve BIG things while operating in silos? You need to be communicating across teams.

👉️ Hidden Benefit: Marketing sprints are a sneaky big help for hiring. When you’re doing a sprint you’ll be able to see ALL the leaks in the Marketing department. A backlog of tasks, parts of the team that are falling behind, this will show your company what they’re missing out, making your case much stronger for another hire.

| YOUTUBE UNIVERSITY

How to Build Systems (So Your Business Runs Without You)

| TOGETHER WITH SARAL

Why influencer content works in your favor (ads don’t!)

For many brands, just traditional paid media isn’t cutting it anymore. 😕

Enter: Influencer content. It’s genuine, real, and perfect for social media, delivering more bang for your buck. It's not just an ad; it tells a story, shares a recommendation, and forms a connection.

That influencer post isn’t just for social media. Use it on your website, emails, and retail stores. Spread it wide, and your marketing budget will thank you. 👏

But how do you start? SARAL is with you every step of the way and makes everything simple:

  1. Find and connect with brand-aligned influencers

  2. Manage and track conversations

  3. Monitor brand mentions

  4. Ask for usage rights

  5. Share content across all channels

Everything you need, all in one place.

| QUICK SHOTS

  • Barry Hott: "I'm a data-driven marketer, I need to have data about everything!" 🙄

  • @AmandaMGoetz: This ad for @CapitalOne is attempting to highlight their points for travel. Here’s how I’d change it:

  • Ashvin Melwani: I've talked about how offers & pricing go hand in hand and how marketers need to pay attention to contribution margin

  • Alexandra Greifeld: Things I've changed my mind on in the past 5 years…

  • @IstvanicMarin: This my best podcast episode ever. Literally everything you need to know about media buying is in this episode

| HERE FOR THE MEMES

| AND IN OTHER NEWS…

| GET LINKED

Preston 🩳 Rutherford on LinkedIn: Every brand is different, but their lifecycle is the same...if they… | 35 comments

Every brand is different, but their lifecycle is the same...if they survive long enough. If you're running into headwinds finding profitable growth, trying to understand if or when brand investments will ever pay off, or worried about the risks of channel expansion, this post is for you.

Here are my lessons around finding a balance of Brand building and Channel Expansion in hopes you can skip the pain and jump straight to stage 7.

I used to think channel expansion was giving up on your brand.

This is how I used to think:

- "Ecommerce has infinite scale."
- "Why would we give up control of the brand experience?"
- "Why would we give up ownership of the transaction and all that sweet sweet data?"
- "All we need to do is build the brand strength and we'll be able to maximize the potential of the brand via our shopify website"


This is what I learned:

- Yes, maximizing profitable growth comes from increasing Brand Strength.
- That's necessary, but not sufficient.
- Increasing available TAM is also necessary
- Because shopping behaviors are sticky, pieces of your total TAM are locked up in other sales channels.
- Our Brand can't fully monetize without unlocking the TAM in other sales channels.
- We're not going to get everyone who is used to shopping in brick n mortar to buy online.
- Some will, but the number is small.
- Therefore, Ecommerce does not scale infinitely.
- TAM, TAM by channel, sequence of expansion that makes sense, etc is different for each brand, and changes as product offering changes.
- If you have an absolutely massive digital DTC TAM, there might be zero need to expand channel and still build the business you want

Mistakes: Along the way, you'll make mistakes as you run into headwinds either from your available TAM, or your brand strength.

These include:

- Over-rotating to short term tactics (discount, promo, high-ROAS, non-incremental spend options) to drive further growth when you don't see the 'results' from the brand investments you're making since you've run into the TAM ceiling of a channel
- Giving up on channel expansion forever if you see cannibalization.
- Cannibalization is a symptom, not the cause. The cause is the Brand Strength
- Overspending on a new channel after you see strong early results "just from turning it on"
- Undervaluing the operational complexity associated with jumping into a new channel. Each channel is, after all, a completely new and different business.
- Signing on to wholesale purchase orders you can't deliver on. Why? You don't yet have the Brand Strength to deliver the required full-price sell-through velocity.
- Result? Reduced overall Brand Strength resulting from discounting + promotions needed to move through the inventory

Mistakes are to be expected

Doesn't mean you should stop investing in Brand or stop building the capabilities to expand sales channels

Just means you need to increase one or both of them

It's just math

hope this helps ✌️❤️🤘

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| STAT ATTACK 👊

| YOU’RE HIRED

Brand

SaaS

  • Outbound Sales Director (Hyros)

  • Content Marketing Manager (Talkable)

Got a job you want us to list? Let us know.

| THE OUTRO

Well folks, this year is proving to be nothing short of a good ol’ barn burner as we like to say in the country. Our best advice is to strap on your crash helmets, keep your arms and legs inside the DTC Machine until we come to a complete stop, and HODL.

We’re out like Biden. 👋 

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