Ep #018: Scaling to a nine-figure business using influencer marketing (with Sean Frank)
Feb 08, 2023•43 min•Transcript available on Metacast Episode description
In this episode, we’ll be talking to Sean Frank the CEO of Ridge, and how he worked alongside a wide range of influencers and used the pay-for-post model with creators to scale Ridge to a nine-figure brand.
- [01:27]: Introduction to Ridge
- [02:17]: Joining Ridge
- [03:39]: Agency Brand Dichotomy
- [05:41]: Importance of working for an agency when starting up
- [06:44]: Working with agencies at Ridge
- [08:13]: Marketing budget of a 100-million-dollar brand
- [09:51]: Percentage of marketing budget spent on influencer
- [10:39]: How Ridge spends its influencer marketing budget on influencers
- [12:16]: Team Dynamics
- [14:03]: Reasons why influencer is Sean's favorite channel of marketing
- [15:42]: Gaining influencers’ trust
- [17:15]: Sean vs Cody. Who’s right? (Seeding vs Pay for Post
- [19:43]: Leaning towards YouTube on pay-for-post ads
- [22:40]: Losing money on pay for post
- [23:18]: Importance of user-generated content (UGC)
- [25:23]: Benefits of paying for post despite half the bids losing money
- [26:45]: Number of creators Ridge has worked with long-term
- [28:23]: Expanding into different products launches with community
- [30:51]: Drawback of having consistent influencers to work with
- [32:59]: People getting started with influencers but concerned about ROI
- [34:29]: Word of mouth
- [36:07]: Working with Macro Talent
- [38:54]: Advice for a 10-million-dollar brand starting out with influencer marketing
- [40:48]: Inherent risk of marketing.
Cody Wittick: Twitter
Sean Frank: Twitter
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