In short
Podcast Episode Summary: Marketing School - Digital Marketing and Online Marketing Tips
Episode Title
Alex Becker's Smart YouTube SaaS Strategy, What Is Spectacle Marketing? Hosts: Neil Patel and Eric Siu Episode Number: #3000 Release Date: Not Specified
Episode Overview In this episode, Neil Patel and Eric Siu delve into effective strategies for leveraging YouTube for business growth, emphasizing the importance of content quality over high production values. The conversation examines the concept of spectacle marketing, highlighting both its advantages and disadvantages, through the lens of notable creators like Alex Becker and Mr. Beast. The episode concludes with insights on the future of marketing, particularly the integration of AI technologies.
---
Time-Stamped Show Notes
- (00:00) YouTube Strategies and Success Stories
- Discussion on successful YouTube strategies.
- Mention of Alex Becker's approach with his crypto and business channels.
- (03:03) Content Creation and Video Production Insights
- Emphasis on creating engaging content rather than focusing solely on production quality.
- Anecdote about how Becker's videos achieve high view counts by mixing entertainment with product promotion.
- (05:57) Spectacle Marketing: The Good and the Bad
- Definition of spectacle marketing and its application by creators like Mr. Beast.
- Discussion of the potential risks and sustainability of relying on spectacle marketing for long-term growth.
- (11:56) The Future of Marketing and AI Integration
- Insights into how AI is shaping the marketing landscape.
- Exploration of how businesses can adapt to AI technologies to streamline marketing processes.
---
Key Concepts
- YouTube and Business Growth
- Content Quality vs. Production: The hosts stress that high-quality content can often outperform high-production videos in attracting viewers and customers.
- Alex Becker's Strategy: He effectively combines entertainment with education on his channels, achieving significant views and user engagement.
- Spectacle Marketing
- Definition: A form of marketing that relies on extravagant visual elements or extraordinary claims to attract attention.
- Pros:
- Generates buzz and can lead to virality.
- Attracts new audiences quickly.
- Cons:
- Sustainability issues: It may not be a long-term strategy.
- Can lead to burnout or negative perceptions.
- Future Marketing Trends
- AI Integration: The role of AI in automating and enhancing marketing strategies is becoming increasingly important.
- Data Utilization: Discussions on how companies should focus on actionable outcomes rather than just collecting data.
---
Key Takeaways
- Content is King: Quality content will always be more effective than flashy production. Focus on delivering value to the audience.
- Spectacle Marketing has Risks: While it can drive immediate attention, it may not be sustainable for long-term growth. Brands must balance spectacle with substance.
- Embrace AI: Companies should consider how AI can streamline processes, enhance marketing strategies, and save costs, especially for smaller businesses.
- Consistency Matters: Long-term success in digital marketing often comes from consistent and authentic engagement rather than chasing trends for short-term gains.
---
Conclusion The episode provides actionable insights into using YouTube and spectacle marketing effectively, while also addressing the future implications of AI in marketing. Eric and Neil encourage marketers to focus on content quality, sustainability in their marketing strategies, and the importance of adapting to evolving technologies.
For further exploration and tips, listeners are encouraged to connect with the hosts’ other platforms and subscribe to their channels for more marketing insights.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:28You know what's interesting? info people or even SaaS people just better track your Facebook ads, for example. Specifically Facebook. And typically people, because we know a lot of people who use it, we've seen it. You usually get a higher ROI. Yeah. So that's what he promises you in the ads, right? He says, hey, if it doesn't work for you, we'll just give you your money back. It's a good offer. So his YouTube strategy, so he's got a crypto channel. And every time he puts out a crypto video, it gets like hundreds of thousands of views, right? He created an Alex Becker business channel. I was like, oh, what is this?
0:57Because he's very entertaining on the crypto channel. He'll record with his shirt off, right? And it'll be like a Lamborghini in the background. So it's kind of like a spectacle, right? And he made this business channel. And I think, so all his videos, they talk about high rows. He'll just inject it in there. He's like, yeah, so that's why you got to use high rows. You can find a way to like, it's like a Seinfeld email where you talk about whatever, and you just inject, that's why you got to use high rows, right? And so each of his videos get like 15, 20 ,000, sometimes 100 ,000 views or so. And that is better than a webinar, for example, right you're getting wider tamp but it's not as targeted i think as a webinar but i do think it's that chatter for top of funnel yeah and it's start that channel starting to compound and he does talk about hey like i'll show you how you know i've hit like a 200 million dollar net worth or whatever you know and so i think that's a great youtube strategy and i think look the way you and i record it's not exactly a spectacle it's more of like we're lecturing and we're teaching um i do think like we're not gonna record with our shirts off or have a lot of getting a background but i do think that drives more views because it gets people to talk about it and i think that's a he carried over his strategy in a way that works for his software.
1:59Because the other thing is, the way he creates his ads, he uses like AI ads. If you're like, make a version of him, like with a girl with like, you know, like, anyway, we'll just leave it at that, right? But he has a lot more leeway because he doesn't have to bow down, I think, to a big list of investors or a board of directors. I think it's self-funded, right? Yeah, I do think he sold a piece of it like a good chunk of it did he um you can look it up yeah but um i do think he sold a chunk of it and then um he he does have people that he works with now but he still gets to call the shots yeah let's see hyros raises did he raise money margaret sir requires oh hyros sold for 110 million yeah but he's still i'm sure he gets a second bite of the apple so yeah uh total fun No, that's Hyrule Health.
2:48What is this Hyrule Health? Hyros with an S. Yeah, I know I put Hyros, but Google AA overviews says Hyro. Yeah. Let's see, IPOs, specialized in average market attribution. Yeah, he sold it for 110. Good for him. Yeah. So I think it's an interesting strategy. And I think we've talked about this. The reason you and I are spending more time on YouTube is because we see the power of compounding over a five, 10 year period. and it's, how is it going for you so far with YouTube? Would you say it's above expectations, below expectations or meets expectations for you in the last 12 months you've been pushing harder or the last six months?
3:25So the last six months it's been going below expectations but I think that's because of the company that was helping me before. I think I mentioned to you Icandem. Yeah. Yeah, we talked about this on the podcast. I don't know what I was paying. I think at the end I was paying 25 for eight videos. I think it was$25 ,800 exactly for eight videos a month. Yeah. Plus some shorts. And we're doing it for a lot less and we're using some internal resources. But when I look at the numbers now, my videos that I'm recording, when I was recording a video before, call it, they were 10 to 20 minute record times, close to 20.
4:08Now my record times are close to 40. Per video. Per video? And each one's like 25 minutes or so, 20, 25 minutes after editing. Call it 10 to 20 minutes still. Okay. Somewhere around there. Okay. A little bit of why it's taking longer is I'm not fully developing this script myself. So someone is helping me do probably 60 % of the script while before 100 % of the script was for me. Because you're making a loom before. I still am. Okay. But I'm spending way less time. Yeah. So in theory, if I actually did 100 % of the script, it would actually be more efficient. just thinking about it right now because my record time would go down.
4:45So I should probably go back to doing 100 % of the script. But my topics are like super technical. And I believe I just saw my first video two days ago while I was at Disney. I was like literally watching it on the phone while in the park, waiting for my kids to finish up a ride. You didn't even go to the ride. No, I told my wife, I'm like, I got to watch this video. I got to watch this video. And I'm like, I got to give feedback. because I wanted it out and they were going to post it this week. And I was like, dude, it's too close to July 4th. Let's just save it for next week. The editing isn't as good, but I'm like, no one cares.
5:20If that script is better, that's all that matters. And I think people put way too much time on the video production. And I do think video production is important. You need like a minimum quality, but people want to include all the bells and whistles. And this is like all those little things for educational B2B content in most cases does not make a difference. And I would say for most educational pieces of content, including B2C, you need decent editing or good editing, but you don't need amazing editing where it's best in class and a mediocre script. I'd rather have amazing script and average editing.
5:58And I believe your videos will get way more views. Yeah. What I'll say is I would say mine is going according to expectations. I think it'll compound a lot more probably in the next six, 12 months or so. It's interesting because I look at this graph over here. So you look at it a year ago. I might have like an outlier here that goes up crazy, but like it's starting to grow again, right? Is that long form or short? This is long form. Okay. So it's starting to move up, right? And I think, again, if we just keep doing this, I think the thing, I tweeted this last week, but if there's anything, and I mentioned this before, I won't say we're necessarily the best marketers in the world, but I would say we're the most consistent, right?
6:35There's a lot of people right now, I look at them on YouTube, I think they're going to flame out over a period of time because they're just chasing trends. And I think if we stay consistent to who we are, then overall, over a long period of time, you're gonna win. Now, let me give you some examples. There are some people that just record this stuff on NNN workflows, for example, or the newest AI tools, right? The way I try to straddle it right now is whatever AI stuff I'm testing, but then tie it to business. That's my angle with it. And then you, for the most part, your technical topics, what are they now?
7:05My technical topics, some of them are AI. AI related to marketing. But yeah, I would say overall, I'm trying to get more specific towards enterprises versus just anyone who's interested in content. But if you look at my long form views, dude, they're down to 398 ,000 views on a monthly basis. Keep in mind, I haven't posted a video in a month. So I'll start posting again. Hit shorts. My shorts is through the roof, but they've also changed how they calculate the stats for shorts. So it's skewed in my opinion. But if you also look here, I haven't been publishing shorts either. So I'll go back to publishing shorts and long-form content.
7:51When I look at like last 90 days, like check this out. Shorts, it was way better. And when I go to long-form videos, it was way better as well. But the problem I'm facing right now is I haven't published content in a month. at least on YouTube. But that'll change literally this coming up week. Dude, can we, okay, before we move into one of your topics, I want to talk about spectacle marketing. And so when you look at Mr. Beast's videos, they're all spectacles, right? It's like, oh, here's a$1 date versus a$500 ,000 date. Or here's a$1 boat versus a billion dollar boat or something like that, right?
8:28Now, you saw Cluelay, right? That company, you heard of them? That was the one where they raised quite a bit of money. They raised from entries and horrors, right? So I watched an interview with this guy and he's, he's, he's a kid, literally he's 21 years old. This is the guy who like tried to do something during the Y Combinator party or something like that. Yeah. Yeah. So he threw like a Y Com, he threw a party, like a legit party, right? Where it's like 50, 50 ratio invite only. And then he was getting interviewed by this guy, Brett Malinowski. And so I should talk to Brett about this at some point, but basically he's like, okay, why see everyone throws these networking events?
9:03He's like, that's, that's, that's freaking boring. Right. I want to do a party where it's a legit 50-50 ratio guy-girl, and it has to be in-by-only because this could be exclusive. But when they first released Cluelly, he had a video that was super high production where he was on a date with a girl, and you could see him wearing glasses, and then it was telling him what to say. That's how Cluelly works. It tells you what to say or tells you what to do on a sales call, for example. That person saying this, okay, you should know this about this person. It's like a heads-up display, basically. Hardware?
9:34No, it's not even hardware. That video seemed like it's hardware. It's actually just software right now. And then he was getting asked, are you gonna get into hardware? He's like, oh, maybe, right? Who knows what's gonna happen? But his whole thing is he always tries to do outlandish stuff. And so they made a launch video on how they're hiring 50 interns or how they're paying, like they want an army of these creator interns that they'll pay$50 an hour. And then if they hit a million views on a video, they'll bonus them a thousand bucks, right? And then he'll hire these engineering interns to pay 200 bucks an hour or whatever.
10:01But his whole thing is like, You have to stand out. And I do think that's a nice way to get pressed in the beginning. I think that's a big reason why Andreessen backed them. I do think, though, if you keep doing this for the long term, you're going to burn out. It's actually not going to compound in a positive way for you in the long term. If you've ever built a website, you know how tough it can be to keep a strong design while ensuring site performance is fast. That's where Framer comes in, and it totally changes the game. Framer is the design-first, no-code website builder that lets anyone ship a production-ready site in minutes.
10:34I recently built a custom landing page in just a few hours. Animations, fast load times, responsive layouts, all without writing a single line of code. It was easy to use, and the end result was polished enough to look like a developer spent days on it. One of my favorite things is that Framer's AI handles translations with a single click, so your site can be up and running in multiple languages almost instantly. And with real-time collaboration, your whole team can jump in and work together, no issues with versions or miscommunication. Whether you're starting from scratch or using one of their templates, Framer lets you focus on design while handling the technical side for you.
11:08Animations, responsive layouts, search optimization, and all the things that matter. Ready to build a site that looks hand-coded without hiring a developer? Launch your site for free at framer.com and use code MS to get your first month of pro on the house. That's framer.com, promo code MS, framer.com, promo code MS. Rules and restrictions may apply. When I first started my business, the overwhelm was real. I didn't have the tools to help me scale. If only I had Shopify from the start to handle all the behind the scenes work. Shopify is the platform behind millions of businesses globally from huge names like Mattel and Gymshark to the smallest brands just getting started.
11:44The best part about it, it has everything you could need. Say you're ready to launch your own design studio. Shopify has hundreds of templates to create a beautiful store that matches your brand style. Or if you need help with content creation, Shopify's got AI tools that write your product descriptions, craft page headlines, and even enhance your product photos. Shopify lets you easily create email and social media campaigns to reach customers wherever they are, whether they're scrolling or strolling. If you're ready to sell, you're ready for Shopify. Turn your big business idea into a deal with Shopify on your side.
12:14Sign up for your$1 per month trial and start selling today at shopify.com slash marketing school. Go to shopify.com slash marketing school. Shopify.com slash marketing school. Yeah. Now, don't get me wrong. Who else does a good job with spectacle marketing? Trump does a good job with spectacle marketing. Elon does a good job too, right? But there's a price to pay with that is my point. There's always trade-offs to this. So I think you can grow a big audience certainly, but there's trade-offs to it. Versus like Gary Vee, he's always been consistent about positivity. So it's really hard to like burn him or try to go after him for something.
12:50So trade-offs. No matter what kind of content you create, people still do go after you. If you look at Gary Vee, a lot of people go after him. I wouldn't say as many as... Not as many, though. Yes, as the ones who do spectacle marketing. Yeah. And you just have to get good at ignoring the haters. Because generally speaking, if you watch Gary's content, someone could try to hate, but there really isn't anything to hate. There's nothing to hate. Yeah. Yeah, and when people hate on him, it's of silly things. But if you actually look at what Gary's done as a career, he's done extremely well in multiple industries, multiple exits.
13:27He's a great entrepreneur. But I think a lot of people just hate because of jealousy more than anything else. Yeah, it's usually an internal thing. It has nothing to do with them. And so, but I do think when you do spectacle things, you do increase a surface area of people that are watching you. And like, by the way, you know, it's not like, I mean, you've tested in the past, right? in certain situations. And so like you've seen what the trade-offs are. And I think you do spectacle marketing in many different ways. You can do like the Mr. Beast running with different amounts of money in a backpack and not saying anything because that helps you get more reach globally, at least on some of the platforms.
14:03You can do stuff like Alex Becker. I think he used to do a lot of Lamborghini stuff. I could be wrong on the car. It's a lot of make money online stuff. Yeah. You can do stuff like Alex Hermosi where I would say he does it. he has content without his shirt on, at least in some of his videos. Or showing that he's buff or jacked. There's different ways of it. But what I found is nothing beats just creating a really good product. Like look at Lovable. You know, Lovable is getting a ton of press. What kind of marketing is Lovable really doing? Not much. And I think they're at in six months or something like that.
14:4070 million? I think it was 60 million in ARR. Yeah. in like six months or 50 million in there. It was one of those figures, but it was fast growth, a lot of revenue and a low period of time. And when you look at the publicly traded stocks, the biggest companies don't do any form of this kind of marketing, spectacle marketing. They just have a really good product or service in a big time. Yeah. And you know, by the way, you talked about lovable. So I read this post from this person that works at growth there. Her name's Elena. And she talks about how she's worked at all these high growth startups before, right?
15:15But at Lovable, literally everything is built through AI. Like if like prototypes are AI, like everything's done through AI, everyone's AI first, right? And they're just moving a lot faster. And she wrote out this post about the AI native employee. And that's kind of where we want our employees to be, right? But they actually are living it. And then when she wrote about the experience, I'm like, this is where things are going. And I think this is what all founders complain about right now because they want their companies to become that. Yeah. So I showed you before we started recording, the new version of Ants to the public, right?
15:45It's quite a bit different than the existing one. It has more features. Guess how long, and the existing one's built on Ruby on Rails. Haven't heard that in a while. Yeah, so they're getting rid of all of that existing technology and rebuilding it. Guess how long it's taking them to launch a whole new version of a product with more features? A month? I wish. Two months. Two months. That's still pretty fast. We have existing users, so you got a port, right? So there's some extra work. But that would have taken you like a multiple of three to four X before, maybe longer. Dude, the existing person who was running that company was just like, yeah, it'll take a year.
16:23And I was like, huh, how do we end up fixing and changing all this? Wow. One twelfth the time. I don't know. One six. One six. One six. Yeah. I kept thinking a month. The existing person was really good. We just wanted to go a different direction with the product. And I was like, all right, let's just run this lean. yeah ai is here we're gonna adapt our products uh everyone is used to traditional search we're gonna revamp it all for ai yeah we're gonna revamp it eventually like i was even talking to the team i was like when you look at marketing products you know and you even have carrot for abm yeah but what i was telling people i'm like we're thinking about products wrong and they're like why and i actually had a call with them this morning and today being july 4th they're not celebrating july 4th uh these team members were in brazil so they're for them they're working yeah um and i wouldn't force anyone to work during a big holiday yeah um but when you look at the app forget just our app when you look at most marketing apps they tend to all give you tons of data would you agree with this and i was like this is wrong and they're like why i'm like we're moving in a world where people aren't really paying for the data even before they weren't really paying for the data They were using the data to get a specific outcome.
17:38Or they were hoping to get a specific outcome from it. Like, oh, you give me keywords. I'm going to use this data to go create content, get more traffic. The traffic generates more sales or leads, and I generate more revenue. And I was like, why don't we just tie in the whole funnel or workflow and just do it for people? So it's like, you do the research. Okay, you got the research. Ask them where they want to create content. for what platforms. Recommend the type of format of the content. They can select which versions they prefer, create it, have them sync to their platforms, post it, collect the data, and then figure out what's working and what's not.
18:19And then continue. And then revise what you recommend and saying, these are the topics recommended. Here are other popular ones, but these ones have not done well on your platform. So we recommend these. Can you please approve us to go create content for you automatically? Yes. Here are the outlines. Looks good. Cool. We will create it. Can we post it on these times? Yes. Approved. Automatically done. Once it starts going, then you start asking, hey, can we just create the content without sending you the outlines and without your approval? And you start eliminating steps. They may say, no, we still want to see the outlines.
18:52Or they say, we don't need to see the outlines, but we want to see the final product before it's posted. So then you start going through this and like, cool, you can start automating a lot of marketing for corporations. it's not going to be perfect. I don't think it would be as good as having a team combined with AI. But for SMBs that barely have money they would gladly pay$100,$200 a month for something like that instead of hiring people because they can't afford the people. All right, that's it for today guys. We will see you tomorrow.
