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How Much Should You Spend On Advertising? Ultimate Guide
Should you even spend on advertising? The answer to this question is staggering and this is why you should care, Tesla grew from nothing to a multi billion dollar company and the CEO Elon Musk stated that Tesla has never spent any money on advertising.
Listen to Elon Musk speaking! After the video keep reading.
In 2019 alone, Tesla generated $24.58 billion in revenue.
And you might think, “that’s Tesla not just any other company”, let me clear the air for you. Another great example is Whatsapp.
Whatsapp grew organically and was acquired by Facebook in 2014 for $19 billion.
Here is the average Joe though! Average Joe runs an ecommerce site that barely gets any sales. Average Joe has lost a lot of money on paid ads and he is already frustrated wondering how this information will help him.
When average Joe thinks about Tesla and Whatsapp he is intimated. He thinks it’s impossible to recreate such successes within the current times.
