If you can't figure out which add you can scale, that's going to affect your ability to turn over inventory. On the flip side, if you pay for inventory too quickly or don't have good terms, you're going to put pressure on the add and force a cycle that is a little bit unnatural. I think looking at both side by side like we do is probably one of the most important parts of the business - not talked about enough.
Great marketing is one thing, but if it’s not hooked up to a finance strategy your business will suffer. CEO and Co-Founder Ronak Shah, opens his marketing and finance playbook.
Daniel and Ronak, Co-Founder of Obvi, open the conversation discussing why Ronak put accounting on hold to get into the startup space, how to become numb to success and failure, and why, if marketing is a company’s engine, finance is the wheels.
You’ll also hear Ronak’s take on why building sustainably is crucial, and why Facebook is still his go-to platform for customer acquisition.
And if you LOVE The Marketing Millennials drop us a five-star review at: https://ratethispodcast.com/marketingmillennials, I really appreciate your support!.
Follow Ronak:
LinkedIn: linkedin.com/in/ronak06/
Twitter: twitter.com/michelinshah
Timestamps:
0:00: Intro
05:02: What’s the Finance/Marketing Conversation?
07:32: How Attribution is Never a Perfect Science
10:10: Becoming Numb to the Ups and Downs
12:45: Sustainable Business Over Top Line Profit
15:55: Marketing Dynamism
17:17: Facebook – the Hill Ronak Would Die On
23:58: Experience as Nostalgia
26:25: And Relaaaax
27:34: The One Thing Ronak Would Tell You