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Neil Patel05 June 2023

Neil Patel: Grow Your Business With These Digital Marketing Trends in 2023

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10Insights

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Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Hot Take· 3

Hot Take33:30

Why Scraped Email Lists Fail Even Before the Legal Risk

Patel recommends avoiding scraped or non-opted-in email outreach because it creates privacy and legal exposure and starts from low recipient interest. He favors earning attention with useful tactics, ads, or educational webinars before asking for a sale.

  • Scraped outreach can create privacy and legal problems
  • Non-opted-in recipients are unlikely to care about the offer
  • Unwanted cold email can irritate prospects
  • Providing value first creates a stronger route to conversion

you're going to run into a lot of privacy and legal issues so I would definitely recommend avoiding it

Neil Patel · 34:00

provide value first that's much more likely to do better than if I just go and start spamming people

Neil Patel · 34:30
#email marketing#consent#cold outreach
Hot Take40:00

Why Patel Calls Podcasting a Wide-Open Marketing Channel

Based on a survey of more than 8,000 companies, Patel identifies podcasting and AI as the two major marketing trends. He contrasts more than a billion blogs with fewer than 10 million podcasts, then highlights advertising, repurposing, and guest cross-promotion as reasons companies are investing.

  • Podcast supply is far lower than blog supply
  • Companies are creating podcasts and advertising on them
  • A podcast can become text, short clips, and long-form video
  • Host and guest distribution creates mutual reach

the two big trends were podcasting and Ai

Neil Patel · 40:00

when you look at the total number of podcasts out there it's less than 10 million it's a wide open ocean

Neil Patel · 40:30
#podcasting#content repurposing#marketing trends
Hot Take43:00

Paid Verification May Make the Blue Check Meaningless

Patel predicts that verification marks lose informational value when everyone can buy the same one. Platforms may need different colors or variants, such as marks for government officials, to preserve distinctions between account types.

  • Mass adoption weakens the meaning of a common check mark
  • A paid badge does not preserve the old verification signal
  • Platforms may need differentiated badge types
  • Government-account variants illustrate one possible distinction

everyone's going to start getting these checkm marks and they're not going to mean much anymore

Neil Patel · 43:30

they're going to have to have different colors or variations for it

Neil Patel · 43:30
#social media#verification#platforms

Explainer· 2

Explainer23:30

On-Page vs Off-Page SEO, Explained as Control and Votes

Patel separates on-page SEO into factors controlled on a site's own pages, such as speed and relevant words. Off-page SEO consists of external signals such as links, which act like votes whose value also depends on the relevance and authority of the voter.

  • On-page SEO covers controllable page factors
  • Relevant language helps a page match a query
  • External links function like votes
  • A relevant or authoritative source can carry more weight than an unrelated small site

onpage SEO is the stuff you're doing to your own web pages that you can control

Neil Patel · 23:30

if other websites are linking to your website it's kind of like a vote

Neil Patel · 24:30
#seo#on-page seo#backlinks
Explainer41:00

The AI Marketing Use Case Bigger Than Content Generation

Patel argues that marketing AI has a broader role than writing copy or making images. A high-value use case is daily analytics analysis that spots campaign waste, recommends cuts, and reallocates budget faster because paid advertising is often marketing's largest expense.

  • Content generation is only one AI use case
  • AI can review analytics every day
  • The system can identify wasted campaign spend
  • Faster loss-cutting and budget reallocation can improve margins

a big portion of what they're looking to use AI from in a marketing standpoint is analytics

Neil Patel · 41:30

how can you have ai analyze your analytics on a daily basis and tell you where the wastage is within your marketing campaigns and where…

Neil Patel · 41:30
#ai#marketing analytics#ad spend

Story· 1

Story03:30

How a Teenage Job Board Led Neil Patel Into Marketing

Patel describes chasing a high-paying Oracle consulting career, then attempting to copy Monster.com's job-board model. The site attracted traffic but made no money; a college speech about Google's algorithm later led to a marketing client and revealed the revenue impact of his skills.

  • He funded an early job board with money from teenage jobs and classmates
  • The site reached substantial traffic without generating revenue
  • A speech about Google led to a $5,000-per-month engagement
  • He later learned his online marketing was driving about $25 million in annual revenue for the client

if I just replicate this business even if I make 1% of what they make I'll be a rich kid

Neil Patel · 04:00

eventually I found out I was driving around $25 million a year in Revenue to the business through online marketing

Neil Patel · 05:30
#origin story#internet marketing#entrepreneurship

Q&A· 1

Q&A26:30

Should You Start With SEO or Paid Ads?

There is no universally superior starting channel. Patel says the choice depends on skill, available time, and available money: paid ads suit businesses that need speed and can fund it, while SEO suits those with time but less capital; teams with both can run both.

  • Paid ads fit a short time horizon and available budget
  • SEO fits limited cash and a willingness to wait
  • Capability in the channel affects the choice
  • Use multiple channels when each produces profitable growth

there is no right answer for that it varies per market and it also varies on your skill set

Neil Patel · 27:00

if you're in a circumstance where you don't have the money but you have the time SEO is a great first approach

Neil Patel · 27:00
#seo#paid ads#channel selection

Takeaway· 3

Takeaway30:00

Four Lead Sources Beyond the Standard Social Ad

Patel lists targeted LinkedIn ads, webinars, collaborative podcasts, and conference speaking as lead sources. His unusual conference tactic is to waive a speaking fee in exchange for meetings with relevant prospective customers or distributors.

  • LinkedIn ads can target company type, person, and job title
  • Webinars and collaborative podcasts create qualified attention
  • Omnichannel presence broadens lead generation
  • Conference introductions may be worth more than a speaking fee

LinkedIn ads uh you can end up going out there targeting the specific company type and person and job title

Neil Patel · 30:00

instead of charging so I used to charge money for speaking conferences now we're like I don't care for the money but what we love…

Neil Patel · 30:30
#lead generation#linkedin ads#conferences#webinars
Takeaway37:30

Neil Patel's Email Benchmarks and Plain-Text Preference

Patel gives directional campaign benchmarks of at least a 30 percent open rate and one to two percent clicks. He advises limiting links, sometimes sending none, and says his tests find text-based emails perform and deliver better than rich-media messages.

  • Aim for 30 percent or higher opens
  • Aim for at least one to two percent clicks
  • One to three links can work; ten is excessive
  • Some emails should have no links
  • Text-based emails performed best in Patel's tests

you want to shoot for 30 plus% open rates and you want to shoot for click rates that are at least in the one two…

Neil Patel · 37:30

we found that text based emails work the best and they have better deliverability than when you start adding in rich media from our test

Neil Patel · 38:00
#email benchmarks#open rate#click rate#deliverability
Takeaway45:30

Contentment as an Antidote to the Entrepreneurial Roller Coaster

Patel tries to avoid extreme emotional highs and lows by remembering that others are doing both better and worse. He says contentment helps him think logically and appreciate what he has, a useful stance for entrepreneurs facing volatile outcomes.

  • Happiness is a temporary state rather than a permanent peak
  • Perspective tempers both success and failure
  • Contentment supports logical thinking
  • Gratitude reduces the emotional swing of entrepreneurship

I try to stay really content and levelheaded because then allows me to think logically and appreciate what I have

Neil Patel · 46:00

as an entrepreneur life is a roller coaster

Hala Taha · 46:00
#contentment#entrepreneur mindset#perspective