This episode is also available on YouTube: https://youtu.be/2O8th50rMbM
If you advertise on Facebook (or other ad platforms) you need to understand Media Efficiency Ratio (MER) vs. Return on Ad Spend (ROAS) and how to think about advertising incrementally.
- Why Facebook Ads reporting on ROAS is broken.
- If you’re pulling back on Facebook ads as a result, you're hurting your business.
- Switching to a different metric based on the two cold-hard facts of your business (money leaving your bank and money going into your bank) can get you back on track and scaling profitably again.
Our guest today is William Harris, founder of Elumynt, a growth agency for Shopify stores. In the last 9 months, they've helped six clients get acquired, with the largest selling for a whopping $800M.
Show Links
- William's Agency: Elumynt
- Article: The Facebook ROAS Death Spiral: Fix it Now — or Lose Your Shopify Store
- Article: https://elumynt.com/facebook-ads-ios14-roas/
- Twitter: @wmharris101
Sponsors
- Free 30-day trial of Zipify OCU - (To get an unadvertised gift, email help@zipify.com and ask for the "Tech Nasty Bonus".
- Try Bold Product Upsell, free trial
- Save 20% on Turbo, a blazing fast Shopify theme - Use code KURT20 at checkout
- Improve your shop’s search engine ranking with Venntov SEO Meta Manager
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