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Timothy Davis has led performance marketing for all of Shopify for the past 2.5 years, and as a consultant has helped companies like Pinterest, LinkedIn, Redfin, and Eventbrite kickstart and scale their performance marketing teams. In every one of those cases, he got them so performant at paid growth that they significantly scale spend and investment in these channels. In our conversation, we cover:

\u2022 When and how to start investing in performance marketing

\u2022 Common mistakes companies make with paid ads

\u2022 How to build and structure a performance marketing team

\u2022 How to get your creatives performing better

\u2022 Strategies for optimizing workflows and team efficiency

\u2022 How AI will change performance marketing

\u2022 Much more

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Find the transcript and references at: https://www.lennysnewsletter.com/p/performance-marketing-timothy-davis

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Where to find Timothy Davis:

\u2022 LinkedIn: https://www.linkedin.com/in/timothypatrickdavis/

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Where to find Lenny:

\u2022 Newsletter: https://www.lennysnewsletter.com

\u2022 X: https://twitter.com/lennysan

\u2022 LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

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In this episode, we cover:

(00:00) Timothy\u2019s background\xa0

(02:31) Understanding performance marketing\xa0

(06:31) The importance of paid search\xa0

(08:39) Identifying growth potential\xa0

(09:54) Case studies: Hairstory and Ipsy\xa0

(12:22) Experimenting with new platforms\xa0

(18:57) Choosing the right platforms\xa0

(20:23) LinkedIn for B2B marketing\xa0

(27:56) When to start investing in paid growth\xa0

(33:33) Common mistakes in performance marketing\xa0

(37:41) Working with agencies and consultants\xa0

(40:36) Hiring for performance marketing\xa0

(47:33) Metrics that matter\xa0

(54:43) Competitor analysis and CPC insights\xa0

(56:15) Custom reports and data visualization

(56:38) Understanding impression and click share\xa0

(59:10) True competition metrics\xa0

(01:02:14) Attribution and incrementality\xa0

(01:08:52) Building a performance marketing team\xa0

(01:10:53) Creative and ad copy collaboration\xa0

(01:15:48) Managing workload and hiring strategy\xa0

(01:20:52) Training and onboarding new hires\xa0

(01:24:41) Impact of ATT on performance marketing\xa0

(01:25:56) The power of creative in ads\xa0

(01:29:47) Using AI in performance marketing\xa0

(01:37:16) Lightning round\xa0

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Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

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Lenny may be an investor in the companies discussed.