+120 Qualified Members With Paid Ads <30 days (sharing some sauce)
We wanted to test a new offer inside LibertyOS here on skool, and FAST! But there was one big problem: - Organic would’ve taken months to develop enough data. - DM outreach would’ve been slow, inefficient and biased. - And guessing was just too risky. So I came to one conclusion… Ads. But not to scale, to validate. We were in the unique position of having capital to gain as much data, not reach profitability. The only thing was, there was another problem: - How do I maximise ad performance? In other words, how do I ensure we don’t burn through our budget with nothing to show for it? A typical ad spend problem haha So I did what most DON’T (which worked really well)… I worked backwards. Before spending ANYTHING, I hyper-fixated on the maths to see if the theory checked out… Defining max CPA limits based on realistic LTV, churn, conversion rate, retention and ideal CPA. Remember, we wanted to maximise the data acquired with our set budget to prove the validity of this new offer, not reach profitability. This limit was $7 CPA to a free community (lead magnet). The results? In under 30 days: +124 qualified members $3-$5 CPA average (well below $7 CPA limit). Strong new member engagement. Enough solid data to validate if the new offer worked. We realised that this new offer ACTUALLY didn’t have strong-product market fit. Which sounds negative, but it saved us months. Instead of slowly realising it wasn’t working. My main takeaway: If you clearly define your numbers before running ads, and treat it like an experiment, the downside is controlled and upside is relatively predictable. Would love to hear any of your thoughts on this! 🖖