Episode #10 - Josh Justice $100M+ Spent on Amazon ads! Worked at LEGO, Nordic Naturals, Super ATV and more. How to know if you are WASTING money on ads?
Oct 5, 2023
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Josh Justice, a seasoned pro in Amazon ads with a rich history at LEGO, Nordic Naturals, and Super ATV, shares invaluable insights on optimizing ads and avoiding wasteful spending. He discusses topics like working for renowned companies, the impact of SEO and advertising on sales, and strategies for tracking ad performance and calculating ROI.
Testing advertising strategies and tracking metrics like subscribers and overall sales is crucial to assess the ROI of campaigns and attract repeat buyers.
Conducting regular audits to ensure accurate attribution and rectify any misallocation of advertising funds is essential for effective advertising strategies and transparent reporting.
Deep dives
Josh Truss's Background and Experience
Josh Truss has several years of experience in e-commerce marketplaces, particularly in the ATV and UTV accessories industry. He started his career in China, working for an entrepreneur and later mentored by him to start his own brand. He has worked for various companies, including Mars Candy, Nordic Naturals, and LEGO, gaining expertise in advertising, product scaling, and understanding customer lifetime value. Josh emphasizes the importance of testing, failing fast, and learning from mistakes in e-commerce.
Strategies for Spending Money on Advertising
Josh discusses the importance of testing advertising strategies and being willing to spend money to increase sales. He shares a case study involving fidget toys and emphasizes the need to track metrics such as subscribers and overall sales to assess the ROI of advertising campaigns. He suggests that brands should focus on attracting repeat buyers and consider the lifetime value of customers when evaluating the success of advertising efforts. Additionally, Josh advocates for understanding the halo ASIN sales and analyzing how different categories or themes within a brand influence each other.
Importance of Proper Attribution in Advertising
Josh highlights the significance of accurate attribution in advertising and raises concerns about wasted spend and misleading metrics. He suggests conducting regular audits to cross-reference the targeting and search term reports with the brand's catalog of ASINs. Josh shares examples where unbranded campaigns unintentionally targeted the brand's own products, resulting in wasted spend and an inaccurate distribution of sales. He encourages brands to review their attribution methods, rectify any misallocation of advertising funds, and prioritize integrity and transparency in reporting.
Next Steps and Further Discussions on Advertising and Attribution
Josh expresses the need for continued conversations about advertising strategies and attribution. He suggests diving deeper into topics such as wasteful spend on branded search and the importance of distinguishing organic sales from advertising-driven sales. Josh plans to provide a comprehensive guide on performing audits to assess advertising performance and attribution, empowering brands with the knowledge and tools to optimize their advertising strategies effectively.
Dive into the world of Amazon ads with Josh Justice, a seasoned pro who's managed an astounding $100M+ in ad spends. With a rich history at renowned companies like LEGO, Nordic Naturals, and Super ATV, Josh shares invaluable insights that only come from years in the trenches. Are you optimizing your ads, or simply burning through your budget? Find out how to discern if you're genuinely getting bang for your buck or just wasting money. Don't miss this episode packed with expert tips, strategies, and stories from one of the industry's finest!