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Mike Feazel

👤 Speaker
466 total appearances

Appearances Over Time

Podcast Appearances

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

And then they have the pros and the cons.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

So like it's on a scale of one to 10, it would be about a three if you were designing a landing page, maybe a two.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

And so people stop at that and they don't make their way to the landing page.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

So our CPL has gone up.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

So cost per lead has gone up considerably and it's putting a lot of pressure on the company.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

So, but we're making pivots.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

We're early stage testing with Lowe's.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

We'll see how that goes.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

I'm very optimistic that that could be a great thing.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

A lot of our dealers are pivoting to door-to-door, to more guerrilla marketing tactics.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

We spent $20 million in TV marketing this year.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

I don't know.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

We'll probably spend half of that next year.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

Because CPL is too high in a lot of markets.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

We've got markets that were $300 CPLs and now they're $800 CPLs.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

The break point is about $400 to $500 depending on the deal or their close ratio, what they charge, their level of skill.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

But that's happening to everybody.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

I mean, everybody's getting hammered.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

I don't believe just in home improvements.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

I believe it's affecting the broader economy.