How Nathan Otwell Retargets the Hell Out Of Prospects to Rake In $50M for Shopanova Clients

GUEST BIO:

Chief Marketing Officer at Shopanova, Nathan Otwell bills himself as a paid social traffic and innovative funnel strategist as well as a  growth hacker of agile advertising strategies who is responsible for 9-fiigures worth of new business revenue for the company.  Prior to joining Shopanova in early 2020, he served as President and Chief Marketing Officer at Digital Nitro, LLC, Paid Traffic Specialist at Revere and Chief Media Officer at Grantwise Enterprises, LLC.  He was also co-founder and Marketing Coordinator at  the Arkansas Guardians amateur football team,  a Junior Account Executive with the Walmart Shopper Team, and a Sales Representative at Complete Nutrition.  A graduate of Arkansas Tech, Otwell earned a BS in Business Education and BSBA in Management and Marketing.

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RESOURCES/CONTACT:

(Shopanova And Me Website)
(Shopanova Website)
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TRANSCRIPT

Speaker 2 (00:23):

You're listening to the rich add poor ed podcast, where we break down the financial principles that rich advertisers are deploying today to turn advertising into profit and get tons of traffic to their websites without killing their cash. These advertisers agencies, affiliates brands are responsible for managing over a billion dollars a year in ad spend. You'll hear about what's working for them today. They're rich ads and we'll roast their Epic failures and crappy ads on the internet with poor ads. Let's get into it. All right, everybody. We are back this week with another episode of the rich dad, poor ad podcast, where we dive into what ads are working. What's not really crappy ad and some kind of more financial tips, uh, you know, make everything a little bit jucier. 

Well, this week we have a very special guests. Nathan, Otwell from Shopanova, he's been there for about a year, took over the CMO role. This January, these guys are spending shoots hen million generated well over 50 million in revenue. We were actually chatting about a Bootsy client. Who's spending about 75 K a month and generating well over a million a month in ads or in revenue there. And I was just geeking out. So y'all give a nice warm welcome to Nathan Nathan. Thanks for jumping on, man.

Speaker 1 (01:35):

Absolutely glad to be your guest.

Speaker 2 (01:37):

Heck yeah, well, sweetie. So I mean, give everybody a little background of kind of who you are and shop a Nova. So we have some context I've seen a hundred of y'all's ads for years. I believe formerly it was staggered media. Um, we can kind of double check on that bad boy, but kind of get everybody a little background there.

Speaker 1 (01:55):

Yeah, for sure. Uh, so a little bit about me. I live in Bentonville, Arkansas. Uh, basically the most landlocked part of the United States there is. Um, but the thing is, it's also the headquarters for Walmart and Sam's club. Uh, Sam Walton actually grew up here, lived here, um, grew his business all throughout Benbow Arkansas. Um, my great-grandfather was actually, this is a good story. Um, my great grandfather was actually offered to be one of the initial five investors of Walmart to get it, to get the first store opened and he turned it down. So, uh, yeah, Sam Walton was hitting up all the ranchers in the area of the time. It was just a bunch of ranchers. Uh, my great grandfather made a killing and cotton back then, and that was in Texas, comes up here, buys, uh, just a ton of land, starts a cattle ranch and Sam Walton's going around to all the cattle ranchers and saying, Hey, you know, I've got this idea for this really cool store.

Speaker 1 (03:07):

That's going to have everything. Basically it's a one-stop shop. And my great grandfather was like, nah, pass. Just kinda like whatever. And my dad always tells a story like the, the biggest failure in our family, because we could be worth, uh, the original five or collectively worth like 15 to $20 billion or something like that. So we can be, my family is like the one that got away, man. Oh my gosh. It's crazy. But yeah. So grew up in Northwest Arkansas, went to college at, uh, Arkansas tech university. I got two degrees in management marketing at that time. Uh, came back home, started working for Walmart and shopper marketing field, which is basically where a Walmart suppliers, the rantings. They don't really want to take their marketing strategies, the marketing mix out of the national scene and put it just for Walmart. So what we do, what we did as an agency was we would take the brand teams overall national strategy, and we would create a Walmart shopper specific strategy to get Walmart shoppers into a store, get the product off the shelf into their court, get them to the checkout, all that good stuff.

Speaker 1 (04:37):

Um, it was really good experience. Uh, I got some great, great marketing mentorship in that. Uh, dude hits me up in the area and says that he's into some really cool stuff in Facebook and Instagram paid traffic. And I was just, I didn't, I mean, I didn't know anything about it at the time, but whenever I was on the Wal-Mart agency, we did a shopper social stuff, which is more like blogs and influencers and all that stuff, paying a ton of money for stuff. Um, we're talking like targeted banner ads, a campaign for a targeted banner ad at Walmart is like 150 $200,000 for like 60 days, stuff like that. So, um, and it's all pieced out by the impression by the reach and all that. You don't really get that performance standard. Like you don't get told like what type of ROI or return on ad spend, you're going to get, you just have to create the strategy.

Speaker 1 (05:40):

And they're going to tell you how many people th...