We look at the company on two channels. One is platform based versus omni-channel based. And if we're in a good shape, what we're going to do is not heavily scrutinize the single channel platform attribution. Because I think sometimes what a lot of people do is, oh, wow, I couldn't attribute this. It can't be Facebook because those ads don't look like it's doing well. Let me turn it off. But really, if you take a macro approach as well alongside your more kind of micro approach, you'll understand, hey, maybe it's affecting other things. Maybe the ads you're running is actually having your best week in vitamin shop this
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.
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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