Align on one core KPI
From your CPCs to your AOVs, distractions are plenty in the world of ecom but all that matters is how many pounds you get back for every pound you spend.
A fundamental part of our offering at BARK is breaking down the unit economics of each brand we partner with, in order to properly set acquisition targets to meet their goals.
Typically for high-growth DTC brands, this ends up being a new customer ROAS target which becomes our joint North Star, informing all other conversations and decisions. Whatever it might be for you and your brand, ensure everyone is aligned.
Relentlessly focus on what you can control
To paraphrase Eugene Schwartz, you cannot create demand, you can only channel what existing demand there is onto your particular product.
Demand comes in waves: you need to capitalise on it when it’s there, doubling down to make hay whilst the sun shines, but you also need to recognise when it’s not in your favour and not force ad spend in an unreceptive market.
Each of our client partners trusts us to rapidly increase their budgets when we find how to better channel demand onto their particular products, and to decrease budgets when the market no longer offers it, whether that’s seasonally led or otherwise. Is there a desire to maintain spend at high levels at all times? Yes. But the focus is on what we can control: how to better channel what demand there is, through our marketing.
Stick the course for a minimum of 6+ months
If you’re a mid-to-large sized eCommerce brand, rapid growth comes from a combination of lots of little things done well over a period of time. You’re in a different phase of business where overnight hacks to drive hockey stick growth are highly unlikely, and seeking out a partner with this as your benchmark is a recipe for frustration.
Better to find a partner with a track record that you can trust, and set your expectations that growth is a process with incremental improvements that stack every day. If you do, you’ll look back in 6-12 months and might find you’ve achieved rapid growth after all.