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Wizard of Ads Monday Morning Memo

Wizard of Ads Monday Morning Memo

著者: Roy H. Williams
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Thousands of people are starting their workweeks with smiles of invigoration as they log on to their computers to find their Monday Morning Memo just waiting to be devoured. Straight from the middle-of-the-night keystrokes of Roy H. Williams, the MMMemo is an insightful and provocative series of well-crafted thoughts about the life of business and the business of life.℗ & © 2006 Roy H. Williams マネジメント マネジメント・リーダーシップ マーケティング マーケティング・セールス リーダーシップ 経済学
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  • How to Spend Less on Google
    2025/06/30

    Pain is a signal that something is wrong.

    Pain whispers, shouts, and screams, “Pay attention. Be careful. Something is wrong.”

    Jean Marzollo wrote a children’s poem in 1948 that romanticized Christopher Columbus. It inspired a generation of children during the Captain Kangaroo years. Her proud poem begins,

    “In fourteen hundred ninety-two

    Columbus sailed the ocean blue”

    Bill Bryson wrote an insightful summary of that famous voyage on page 205 of his book, “At Home.”

    “Columbus’s real achievement was managing to cross the ocean successfully in both directions. Though an accomplished enough mariner, he was not terribly good at a great deal else, especially geography, the skill that would seem most vital in an explorer. It would be hard to name any figure in history who has achieved more lasting fame with less competence. He spent large parts of eight years bouncing around Caribbean islands and coastal South America convinced that he was in the heart of the Orient and that Japan and China were at the edge of every sunset. He never worked out that Cuba is an island and never once set foot on, or even suspected the existence of, the landmass to the north that everyone thinks he discovered: the United States.”

    We learn the meaning of pain as children, but we train ourselves to ignore it as adults.

    Why do we do that?

    I’m talking to you about the pain of your Google spend.

    Is there a chance that you should pay attention – and be careful – because something is wrong?

    Twenty years ago, Google inspired and electrified American business owners with their promise of “holding ad budgets accountable” by making advertising results, “identifiable, measurable, and scalable.”

    Business owners romanticized Google by shouting,

    “Hooray! Advertising will now become just another mathematical equation! Hooray! Hooray! To double my customer count, all I will have to do is double my ad budget!”

    I watched a friend of mine raise his monthly Google budget from $20,000/mo. to $70,000/mo because he was convinced that he would get three-and-a-half times as many leads. When it didn’t work, I asked him to look closely at how many clicks he had purchased and compare that number to the total population of his trade area.

    Have you done that math?

    I watched another friend of mine elevate her Google budget until she was spending $90,000 a month. Her business was no longer profitable. I asked her to look at how many clicks she had purchased and compare that number to the total population of her trade area.

    Have you done that math?

    Have you ever raised your Google budget and had Google say to you, “We’re sorry, but it is not possible to spend that much money on your LSA. There simply aren’t enough people each day who are searching for what you sell.”

    Do the math.

    The past two decades have been the Captain Kangaroo years for millions of business owners.

    Bill Bryson wrote that Columbus was, “convinced that he was in the heart of the Orient and that Japan and China were at the edge of every sunset.”

    How many years have you been believing that your big payday from Google was at the edge of every sunset? Have you been saying,

    “All we need to do is tweak our plan a little. As soon as we figure out the Google algorithm, we’re going to be rich.”

    A business owner from a major American city recently spent a day with me. He had been spending $100,000 on Google ads each month for the past few years because he was convinced that he could not afford mass media in his city.

    His budget could easily have made his name a household word by using television or radio. I know the town well. I have had clients there for many years.

    His budget would reach more than 2 million...

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    7 分
  • How Long is Your Time Horizon?
    2025/06/23

    You want to succeed.

    But will you recognize success when it happens?

    What will be its indicators? How will you measure it?

    Most importantly, how long are you willing to pursue it?

    You probably overestimate what you can accomplish in a year, and underestimate what you can accomplish in ten years.

    How many years have you been pursuing your dream?

    Experience is the name you are allowed give to your mistakes, but only if you have learned from them.

    1. Some people have ten years of experience.
    2. Most people have one year of experience ten times.

    Ninety-nine percent of business owners* will continue to defend their marketing beliefs and management practices even when those beliefs and practices continue to underperform year after year.

    These business owners underperform because traditional wisdom often feels like common sense.

    The problem with traditional wisdom is that it is usually more tradition than wisdom.

    Here’s how that happens:

    1. Your goal is lead generation.
    2. You create an ad that mixes urgency – a limited-time offer – with a strong value proposition. The features-and-benefits of your limited-time-offer dramatically outweigh the price.
    3. Your plan is to upsell the customer after they allow you into their home.

    This is called “transactional advertising” because you are advertising a transaction.

    Here’s the problem: Transactional ads don’t differentiate you. In fact, they blur you into your category, making you indistinguishable from your competitors.

    This is Today’s Traditional Wisdom:

    STEP 1: Give Google most of your profits and keep your fingers crossed. Keep a sharp eye on your cost-per-lead, your conversion rate, and your gross profit per sale.

    STEP 2: Keep doing this, week after week, month after month.

    STEP 3: Once a year, calculate how much your cost-per-sale has increased.

    STEP 4: Contact the people in your peer group to see if their experience has been the same as yours.

    STEP 5: Yes. Their experience has been the same as yours.

    STEP 6: Tell yourself, “Everyone else in our category is experiencing exactly what we have been experiencing. This means that everything is under control.”

    STEP 7: Continue to do this. In 9 more years, you will have had one year’s experience 10 times.

    Roy H. Williams

    PS – A smart person makes a mistake, learns from it, and never makes that mistake again. But a wise person finds a smart person and learns how to avoid that mistake altogether.

    A wise person discovers relational marketing.

    *ADDENDUM

    We gathered data from 64 reputable sources. It can reasonably be estimated that there are about 117,000 companies in the US that provide HVAC services, 132,000 provide plumbing services, and 252,000 provide electrical services. (117,000 + 132,000 + 252,000 = 501,000)

    Let’s assume for the sake of this example that those numbers are elevated. A lot of home service companies offer two or more services.

    Let’s further assume that a lot of them are going to be commercial, not residential. So we will reduce the aggregate estimate of 501,000 companies down to just 100,000 companies competing for the opportunity to serve homeowners across America.

    Here is the fascinating part: we know for a fact that only 638 of those companies have a top line of $20,000,000 or more each year, and...

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    7 分
  • What is Creativity, Really?
    2025/06/16

    The Muses of Greek mythology were nine goddesses associated with the arts, sciences, and memory.

    They were the source of inspiration for artists, thinkers, poets, dancers, musicians, and philosophers. They were the goddesses of knowledge, embodying the wisdom and creative power found in poetry, songs, and myths.

    This is the point: a muse is never an actual woman.

    When a man chooses a flesh-and-blood woman to be his muse, she becomes the symbol of something deeper, wiser, and much more mysterious than herself.

    A muse is a point of access that puts a man in touch with his feminine side while allowing him to pretend that he does not have a feminine side.

    A muse is essentially the Jungian anima, the perfect woman who exists only in the imagination of a man.

    Just now, my muse whispered to me,

    “The reader will want to ask you, ‘What is a woman’s muse?’”

    “What shall I tell them?”

    “Tell them to ask a woman,” she said.

    In his book, The Magic Synthesis, Silvano Arieti writes,

    “Creative products are always shiny and new; the creative process is ancient and unchanging.”

    Arieti believed that perception is not just binary, with logic on the left side and pattern recognition on the right. He believed that our minds can blend rational with irrational, sophisticated with primitive, conscious with subconscious to create a third type of perception known as “creativity.”

    Psychology Today begins their praise of Arieti with this paragraph:

    “Silvano Arieti’s book Interpretation of Schizophrenia was awarded the 1975 U.S. National Book Award in the Science category. More than 40 years later, it remains the most significant contribution to the psychological understanding of schizophrenia since Kraepelin and Bleuler. Contemporary psychiatrists and psychotherapists would be wise to review Arieti’s vast contributions to the field.”

    Silvano Arieti was born in 1914. When he died in 1981, Arieti was perhaps the world’s foremost authority on schizophrenia. He wrote an award-winning book about it.

    The other book he wrote was about creativity.

    Coincidence? Perhaps. But I am convinced that creativity is a mild form of schizophrenia. How else would you describe a marvelous blend of rational with irrational, sophisticated with primitive, conscious with subconscious?

    Creativity is a wild and spontaneous act employed by artists, thinkers, poets, dancers, musicians, and philosophers. It is that conflicted insanity to which our Muses give us access.

    I think that “mild schizophrenia” is the perfect description.

    But perhaps I am wrong.

    Roy H. Williams

    Today’s rabbit hole is as wacky as today’s memo. You should check it out. I’m Indy Beagle.

    Steven Gaffney’s client list reads like a “Who’s Who of America’s Best Corporations.” His clients include including Allstate, Amazon, American Express, Best Buy, Booz Allen Hamilton, and BP. And those are just the “A”s and “B”s. Steven Gaffney builds high-achieving teams that set brave goals and then exceed them. In this week’s amazing conversation with roving reporter Rotbart, Steven Gaffney shares big-picture insights and detailed actions that will help any business improve their results over the next 30 days. Get your running shoes on, because the race is about to begin at MondayMorningRadio.com

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    5 分

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