Welcome to a new special series called the Bathroom break.
Speaker AThat extra 10 minutes, you either have to listen to marketing tips or use the bathroom.
Speaker BOr both.
Speaker ABut I don't recommend both.
Speaker ABut that's your choice.
Speaker BThis collab is going to be super fun.
Speaker BWe have Daniel Murray from the Marketing Millennials, and me, Jay Schwedelson from the do this, not that podcast and subjectline.com.
Speaker Beach episode in the series, we are going to go over quick tips about different marketing topics.
Speaker BAnd if you want to be in the bathroom, fine.
Speaker BJust don't tell us about it.
Speaker BThanks for checking it out.
Speaker BWe are here for more bathroom breaking.
Speaker BWe're gonna break bathrooms.
Speaker BThis is Jay Schwedelson, and I'm here with the man himself, Daniel Murray from the Marking Millennials.
Speaker BDaniel, are you ready to have a toilet paper fight?
Speaker AI am.
Speaker AI haven't TP'd a house since high school.
Speaker AI shouldn't admit that, but I haven't TP'd a high house since high school.
Speaker AAlso, I'm excited to be with the Jane Goodall of marketing right here.
Speaker BOh, that's funny.
Speaker BThat's nice.
Speaker BYeah.
Speaker BThere was a post about me that I was also in the same post with Jane Goodall, which is fine.
Speaker BI like Jane Goodall.
Speaker BI feel like she's probably a cool hang.
Speaker BI don't know.
Speaker BNow, wait a minute.
Speaker BYou toiled people at people's houses.
Speaker BWere you, like, a bully?
Speaker AI wasn't a bully.
Speaker AI was like, one of the people who got roped into doing it.
Speaker AI was actually really, like, trying to be a goody goody kid.
Speaker AAnd it's just like you got to when you get roped into.
Speaker AI was like, one guy who, like, threw one little toilet paper and then ran away.
Speaker AI was like, I'm not doing this anymore.
Speaker ABut I knew friends who were really loved it.
Speaker BAll right.
Speaker BBy the way, anybody out there who really loves toilet paper in your house, you're a loser.
Speaker BLet's just go there and just.
Speaker BThat's that.
Speaker BAll right.
Speaker BSpeaking about other losers, let's talk about.
Speaker BWe're going to talk about today, and that is the fact that there is a lot of myths out there.
Speaker BAnd the people that are spreading these marketing myths are also losers because.
Speaker BCause when you go ahead and you Google marketing best practices, nine times out of 10, it's outdated, it's not true, and it's actually a myth.
Speaker BSo we're gonna try to bust some of those myths.
Speaker BSo, Daniel, I'm gonna talk to you first.
Speaker BLet's bust a myth about repetitive content.
Speaker BWhat do you got?
Speaker AWell, that is the myth that you can't repeat your content and you can't put your content in multiple places and the same content.
Speaker AThat is a very big myth.
Speaker AThe key to winning in marketing is finding your winners.
Speaker AAs strange as it says is once you find a winner, you repeat it till it doesn't work anymore.
Speaker AWhat a lot of people try to do is hit a goal on their content marketing calendar.
Speaker AFor example, I have to write 10 blog posts this week and they all have to be net new or the month and they all have to be net new when really you probably have written 20, 30, 40, 50 blog posts in the past and most of them need to be updated, revamped, remixed, reused, that you can make way better.
Speaker AAnd people are honestly wasting time just keeping writing new stuff when they can repeat winners that are great.
Speaker BYeah.
Speaker BAnd I think along those lines, when you find winners, I mean, look at Gary Vee for example.
Speaker BI like Gary Vee a lot.
Speaker BHe basically says the same three or four things over and over and over again and just kind of repackages it a different way.
Speaker BYou don't need 30 winners.
Speaker BRight?
Speaker BYou could have a handful of winners that just go deep down that path.
Speaker BSo this idea that, you know, you have to always be pumping out and be a content machine, to me, I think is a myth.
Speaker BI'll tell you another myth that drives me crazy in the world of email marketing.
Speaker BAll these experts out there will say things like, you should only focus on your click through metrics because open rates are meaningless.
Speaker BIt doesn't matter if it says it's open because a lot of open rates and email metrics are bots or there's an inflation from Apple, iOS and that is the most ridiculous, annoying myth in my universe.
Speaker BBecause an email open is no longer an open rate metric is no longer absolute.
Speaker BSo if you send an email that says you got 12,342 opens, it's not true.
Speaker BYou didn't because of all the bots and garbage that's out there.
Speaker BBut if you do an a B test on an email and on one version of your subject line use an emoji and the other subject line, you don't.
Speaker BOkay?
Speaker BAnd the one that you use the emoji can gets a 35% open rate and the one that didn't gets a 20% open rate directionally, you know, because of your open rate tracking that the, the emoji was the winner.
Speaker BRight?
Speaker BSo it's like doing a Gallup poll on your marketing and open rate tracking is incredibly valuable.
Speaker BAnybody that tells you otherwise is clueless.
Speaker BSo that's a myth I don't like.
Speaker BWhat's another one you don't like?
Speaker AOne thing that I is also a myth is that people rely on list size more than they rely on open rates.
Speaker AAnd I think getting people out of your list and getting to closer to who are the real fans, opening your email and finding those fans is way more valuable than having a hundred thousand people opening at a 20% rate or cutting your list to the 20,000 that aren't opening your email and getting a 40 open rate.
Speaker ALike I feel like a lot of people are relying.
Speaker AIt's better to know that here are my raving fans.
Speaker ALet me just focus on my Raven fans.
Speaker AWho cares about that left side?
Speaker AI think it's just a vanity metric.
Speaker AFocus on in the at.
Speaker AWhat we do in the marketing millennials is every month we churn our list, we turn our list just to get closer to raving fans.
Speaker BSo wait, let's talk about that for a second.
Speaker BWhat do you exactly?
Speaker BBecause I think this is going to be eye opening for people.
Speaker BWhat do you exactly do?
Speaker BWhat does churn your list actually mean?
Speaker AYeah, so what we do is we look at who has been inactive in the last 90 days on our list.
Speaker ALike who has not open, click, done any action.
Speaker AAnd what we'll do is try to get a one back campaign to a couple emails to see if they're they even there anymore.
Speaker AAnd if they don't in the the next like 30 days, click or engage with any of the email.
Speaker AWe just take them out our list because we want to.
Speaker AFor me, it's more valuable to see who actually cares and reading my emails and get closer to those people than have just a bunch of people who are inactive not doing anything on my list.
Speaker AI think it's really way more valuable to get closer to the people who are your raving fans.
Speaker AAnd I think it's a myth that people need to keep.
Speaker AI know that's a vanity metric because I could say that my list is 60%, 70% more if I just add people who haven't been opening for the last year or two.
Speaker ABut I don't because I rather have a 50% open raid of a smaller list than a 20% of operate of a larger list.
Speaker BYeah.
Speaker BAnd I would add if you are going into a marketing meeting and One of your KPIs, one of the things that you're supposed to do by the end of the quarter, end of the year is to grow your list by X amount.
Speaker BOkay?
Speaker BIf that's something that your marketing department is being charged with, you should walk into the next marketing and be like, this is a ridiculous target for us to want to achieve because it's forcing us to have dead people in our database.
Speaker BThat is a boat anchor in our attention.
Speaker BIt's a boat anchor in our email deliverability.
Speaker BYou can't have an ego about the size of your database.
Speaker BThat is a recipe for marketing failure.
Speaker BAnd I'm on board with the marketing Millennials are doing.
Speaker BYou know, 90 days is the right amount.
Speaker BI think it's a myth that you should wait for 12 months to pass before you look at who's engaged and who's not.
Speaker BOr even two years, which for some reason is the most common period of time people wait to say, okay, they haven't opened or clicked in two years.
Speaker BI mean, are you kidding me?
Speaker BTwo years ago?
Speaker BWho knows what I was doing two years ago?
Speaker AA good target for you is growing the base of opens.
Speaker ALike, that is something that you should.
Speaker AAnd going back to.
Speaker ALike, that's why open rates matter.
Speaker ALike, if you can grow the base from 10,000 opens to 15,000 to 20,000.
Speaker ALike, it doesn't matter if you grow the base your list 20,000, but you get to 1, 2, like, 1,000, 2,000, where you can grow open rates.
Speaker ASo that means focus on having better content, better subject lines, better things to keep people repeat.
Speaker ARepeat openers are more valuable than one time opener.
Speaker AI'll die on that.
Speaker ALike, stick with those people.
Speaker AFigure out why they like your content.
Speaker AAnd that's why Operate is not a mess.
Speaker BTotally.
Speaker BAll right, there's gonna be a lot more episodes coming up.
Speaker BWe're gonna tackle a bunch of other stuff.
Speaker BAppreciate you checking out the bathroom break and stay tuned for next week's episode.
Speaker BDaniel, come on, man.
Speaker BI gotta get back to work.
Speaker BGet out of there.
Speaker BAll right, while he's still in there.
Speaker BThis is Jay.
Speaker BCheck out my podcast, do this, not that for marketers.
Speaker BEach week we share really quick tips on stuff that can improve your marketing and hope you give it a try.
Speaker BOh, here's Daniel.
Speaker AHe's finally out back from my bathroom break.
Speaker AThis is Daniel.
Speaker AGo follow the market Millennials this podcast, but also tune into this series.
Speaker AIt's once a week.
Speaker AThe Bathroom Break.
Speaker AWe talk about marketing tips that we just spew out.
Speaker AAnd it could be anything from email, subject line to any marketing tips in the world.
Speaker AWe'll talk about it.
Speaker AJust give us a shout on LinkedIn and tell us what you want to hear.
Speaker APeace out.
Speaker BLater.