top of page
Search

Why we're Losing the Battle for Attention

  • Writer: James Purdy
    James Purdy
  • Oct 28, 2024
  • 3 min read

Updated: Nov 3, 2024

Why We're Losing the Battle for Attention (And What It's Really Costing Us)

I'll tell you something that keeps me up at night: we're creating a business environment where being good at what you do isn't enough anymore. What’s more, Google Ads budgets have tripled in the past two years, and small businesses are still losing ground. This is madness. Let me be direct here: the visibility crisis in today's marketplace is the worst I've seen in twenty years of studying business. Just last month, I spoke at a conference where I asked a room of 50 small business owners how many felt truly confident in their market visibility. Only two hands went up. Two. This isn't just a problem – it's an epidemic.

The reality of client acquisition today: in 2019, a small business could acquire a new client for about $200 in ad spend. Today? It's over $850. That's unsustainable for most small businesses. And here's what really bothers me – this isn't just about money. It's about dreams dying quietly because the costs.

I remember sitting in a hotel lobby in London, talking with a group of fellow entrepreneurs about their biggest challenges. One woman, Jennifer, was incredibly frustrated because she spends more time fighting with social media algorithms than actually doing the work she loves – teaching children music. She has perfect client retention because she's amazing at what she does, but she can't get enough new students to grow. This is what keeps me passionate about addressing these issues – we're losing incredible talent to a broken system.



Every time I speak with struggling business owners, I hear the same story – they're pouring money into flashy marketing campaigns and obsessing over lead generation, but their business isn't growing. Here's the uncomfortable truth that nobody wants to face: it doesn't matter how many new customers you attract if you can't keep them. It's like trying to fill a bucket with water when there's a hole in the bottom. You can pour as much as you want, but you'll never reach the top.

What truly breaks my heart is watching passionate entrepreneurs ignore their existing clients while chasing new ones. Every customer who walks away isn't just taking their money – they're taking their trust, their stories, and every potential referral they could have brought you. Your existing clients are your business's storytellers, your proof that what you do matters. When you lose them, you're not just losing a transaction; you're losing relationships that could have brought you ten more customers through word of mouth. That's why businesses obsessed with acquisition often struggle, while those who master retention build empires. Remember this: if you want to predict your company's future, don't look at your marketing budget – look at how your current clients feel about you.


Let me be clear about something that took me years to fully understand: when we talk about incentives, we're not just talking about discounts or loyalty programs – we're talking about giving people a reason to believe. The most powerful incentive isn't a price cut or a bonus feature; it's the feeling that they're part of something meaningful. When you align your incentives with your 'why' – with the deeper purpose of your business – something magical happens. Your lead generation becomes organic because happy clients tell your story for you. Client acquisition becomes natural because people are drawn to authenticity. And retention? Well, retention takes care of itself because people don't leave movements they believe in. This isn't just theory – I've seen it transform businesses time and time again. The question isn't whether you can afford to offer the right incentives; it's whether you can afford not to. Because at the end of the day, the right incentive isn't just a business strategy – it's a bridge between what you believe and what your clients experience.

High value incentives will not only generate more leads, improve client acquisition, and retention. A full pipeline and repeat customers also gives you a chance to take your foot off the gas and relax for a moment. You'll finally be able to have a good night's sleep without worrying about tomorrow because you are secure in the knowledge that tomorrow is going to be a better day. If you want to know more about that, click here or on the image below. You can also find me on FB, linkedin or email me directly at shovels4u@gmail.com.





 
 
 

Comments


Selling Shovels flat.png
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn

Contact us

Affiliate Disclosure

Selling Shovels is reader-supported. When you click on images or other links on our site and make a purchase, we may earn an affiliate commission. These commissions help us maintain and improve our content while keeping it free for our readers. We only recommend products we trust and believe will add value to our readers. Thank you for your support!

bottom of page