Why rebranding is a mistake most of the time (ConvertKit to Kit), Google AI Overviews only impacts 15% of queries; down from 84%, Gary Vee on the #1 marketing opportunity in 2024, Why productized services are not actual services
Jun 21, 2024
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Gary Vee, Eric, and Neil discuss the pitfalls of rebranding, Google AI's decreasing impact on queries, the top marketing opportunity in 2024, and the limitations of productized services. They delve into ConvertKit's name change, Google search market shifts, and the importance of organic social media content.
Rebranding should be approached cautiously to maintain brand equity and consider potential drawbacks.
Google AI overviews now impact only 15% of queries, emphasizing the importance of practical applications for marketing strategies.
Deep dives
The Rebranding of ConvertKit to Kit
ConvertKit's decision to rebrand to Kit and expand beyond email services sparked controversy. Despite arguments that the original name held brand equity, others questioned the necessity of the rebrand. Comparisons were made to well-known brand evolutions, highlighting the potential risks and benefits of such changes.
AI Visibility Drops and the Impact on Search
An analysis of AI overviews in search results revealed a significant drop in visibility, with only 15% of queries showing AI results. Issues such as inaccurate information and lack of user engagement contributed to the decline. The importance of practical AI applications over flashy features was emphasized for effective marketing strategies.
Productized Services vs. Ongoing Service Offerings
The debate over productized services as front-end offers versus sustainable business models was discussed. While productized services offer easy sales, they may lack long-term profitability and customer retention. Emphasis was placed on using productized services to showcase value, leading to upselling opportunities for ongoing service offerings.
In episode #2763, we discuss ConvertKit's rebranding to Kit and the potential drawbacks of the name change. We also touch on AI overviews in Google search results, the marketing opportunities of organic social media and the limitations of productized services as a business model.
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