We´re Live, Google hangouts is going away and the guys are talking about what is the next solution for the reunions going to be, apparently lots of apps are getting erased due to the massive competition. Youtube Hangouts maybe?
John and Josh talk about an attribution problem they had with simple programmer, they started a sale on 199$ and then suddenly one person buys it really quickly but it’s not appearing on the de data. The guys say that there´s a high probability that Facebook took the credit for the sale (WTF).
John explains to mani how a profitable funnel work when you invest money and makes more money than you spend on, but it has to work repeatedly, a money-making machine that works once is not a money-making machine.
The group talks about how ads can be very expensive and if you´re not careful it can be a lot of wasted money, especially when you hire an agency that runs these ads, various examples are given , one of them is a person that spends thousands of dollars on google ads and 80% is wasted. That is not the way to make money.
In all business, the best way to go with this is to learn yourself and go with it and you can make sure that everything is running smoothly, but there´s a point that you are going to need to hire someone for the financial end of things because you are running the business. Knowledge of all this can be the difference between being the one that fires the person or agency your hire or that person just leaves because on anyways no one is making any money.
THOUGHTS OF THE WEEK
JOHN –“ALL I CARE ABOUT IS MAKING MONEY”
MANI- ”THIS IS LIKE PROGRAMMING YOU DON’T PUT SOMEONE ELSE TO WRITE THE CODE FOR YOU”