Learn from Cristy Garcia, CMO, impact.com, about working with influencers and the do’s and don'ts of partnerships.
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[Music]
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What kind of pipeline visionaries that mean phase on CEO of Caspian Studios and
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today I'm
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joined by a special guest, Christy, how are you?
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I'm doing well Ian, how are you doing?
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Oh I am thrilled to chat with you today and life is great. I got no complaints
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and we're
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going to talk a lot of marketing stuff and today's show is brought to you as
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always
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by our friends at Qualified.com. You can go to Qualified.com to learn about the
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number one
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conversational sales marketing platform for companies revenue teams that use
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Salesforce
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and over to Qualified.com to learn more Christy. First question, what was your
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first job marketing?
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I was a marketing coordinator. I started at a B2B tech company and I will tell
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you that the
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company did internet faxing. And faxing is still a thing, internet faxing if
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you ask but yes,
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that was my first job and that was a long time ago.
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My wife recently did a rotational, she's a physical therapist and at a
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government
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place and they fax every day.
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People still fax, I know it's crazy to think about but yeah.
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It is crazy to think about. I just filled out some paper forms the other day
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for my kids school
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and I was like, what do we do in here people? That's pretty fun. That's a great
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first job marketing.
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Flash forward to today tells us what it means to be CMO of impact.com.
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Yeah, so my job today is a little different. We're trying to educate people
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about the change
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in consumer behavior. So essentially we are a partnership management platform
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and we help brands
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discover partners to work with. These can be influencers, affiliates, other
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brands.
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Our platform provides the tracking so that you can start working together,
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sharing links,
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driving business to each other's websites and ultimately when there's a sale,
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there's a payout
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that occurs and you can pay through the platform also. So it's affiliate
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marketing, influencer
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marketing, brand to brand, co-marketing, collaborations and lots of other
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different
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partnerships types on the platform. But being CMO means a lot of content, a lot
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of education
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and managing a fantastic team. Okay, let's get to our first segment. The trust
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tree
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where you go and feel honest and trusted and share this deepest, darkest
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pipeline secrets.
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You just told us a little bit about what impact.com does. Who are your
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customers?
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We sell into the marketing buying center primarily. Marketing primarily with
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enterprises
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is sort of what we're known for as a big enterprise brand. But we've recently
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created some packages
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for the lower end of the market. So now we serve businesses of all different
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sizes,
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all different industries, but primarily into the marketing team at those
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companies.
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And then do you think of sort of marketing teams as sort of like B2B and B2C,
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or how do you like slice up marketing teams? Yeah, I do think of them as B2B
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and B2C.
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So we lead, I lead a B2B marketing team, but we're often marketing to B2C
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primarily.
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Yeah, and how different we are, I suppose, right?
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Well, I'd like to think that we can make those roles a little closer. I think B
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2B marketing
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used to be seen as kind of boring. And there's a couple companies out there and
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things that we're
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doing as B2B marketers to try to really entertain the audience instead of just
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sell and sort of look
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like a faceless, nameless brand, a B2B brand. So I see that those two things
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are coming closer
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together because at the end of the day, everyone is a consumer. Yeah, I mean, I
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completely agree.
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And I think it is, we're not robot marketers that it's like, if anything, I
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think all the data shows
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that B2B buying decisions are actually more emotional than buying stuff for
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your family.
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And when you think about it, it does make a lot of sense. You know, you're like
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if I buy something from my family, it's like, I'm going to do a whole lot of
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research.
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It's like if you're buying something in B2B, it's like, if you choose from
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someone, you know,
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whatever, whether it's in a quadrant or whatever, it's like, there's probably
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some really good
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options that you're choosing from, you know? And it's like, whereas if you're
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choosing a car for
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your your family, it's like, if it's a lemon or whatever, you're going to hear
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about it every
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single day from your spouse. Exactly. No, that's a really good analogy. Really
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good way to think about it.
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Okay, so tell me a little bit more about that buying committee. Who are the
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different people in it?
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So we're like like many other businesses trying to reach the CMO,
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selling into directors, VPs, but generally it's, you know, it's a software
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decision. So CMO or
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VPs involved primarily. And Zuma know what's your marketing strategy hol
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istically?
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So I call it account-based marketing, but also multi-channel content marketing.
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So we leverage all
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sorts of different demand-gen channels and organic channels. But ultimately it
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's the goal is to
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educate and provide thought leadership so people understand why partnerships
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before why my company.
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So a lot of the things that we're doing when we're tracking and targeting
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people on LinkedIn or on
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Google or on Bing or Facebook or whatever it is that we're using, we're
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advertising our content.
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And the content is not hard sell. It's it's mostly like I said, thought
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leadership very top of funnel.
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We do have quite the strategy built out for the we call MoFu and both in
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addition to ToFu. So we
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were sort of tackling all areas of the funnel with our content. Gosh, it's just
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music to my ears.
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To hear you say that. Because I think that,
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hey, it's easier to market content, which I think is like one of the things
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that I think people
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sort of don't really necessarily understand is like it's easier to get that
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stuff and cheaper to
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get it out in the world. And people like it more. And then they will become,
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you know,
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intimately familiar with your brand. I call it MCMF, multi-channel multi-format
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. So.
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Okay. Can I steal that from you? I want to. Absolutely. Ken, well, it was it
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was cool to
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for you to say that, you know, your strategy is multi-channel content marketing
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. Because that's
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the same way that, you know, I feel about it too. Yeah, so I've been calling it
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multi-channel
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multi-format because you just have to do that now. Like you don't you don't
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have to pick every single
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format. You don't have to pick every single channel, but it needs to be multi-
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format and it needs to
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be multi-channel. So. The average buyer is looking at at least four or five
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review sites or
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articles or doing research before they buy 90% of consumers say that they
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research at least one
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article or one website before they buy. So you do need to be everywhere. And I
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think that really speaks
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to the value of the partnerships also is the fact that you have third parties
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validating you.
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And essentially saying this product is a good one I've bought it. And that's
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what consumers are
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looking for nowadays. The messages that we're putting out as brands. Not as
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powerful as what
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people are saying about us. And so working with different partners across the
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funnel. And like you
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said, different channels across the funnel. You can be sure to reach your
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audience. But it is
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better to hear that as a sort of a referral from someone else rather than hear
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it directly from the
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brand, which isn't as trusted. Yeah, I again, I couldn't agree more. And this
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is I don't just do
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this all to be the agreeable podcast. Well, it's not that's a pretty good name.
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So our strategy at
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Caspian is threefold. It's portfolio partners and paid. And portfolio is your,
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is your, you know,
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your quote unquote, own media portfolio, which I think is all that multi
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channel multi format
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content in which I think it's shorts, shows, and moonshots. Then the second one
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is partners. So I
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am, I'm a huge proponent of partners. I think it's so important. I think that
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partners is also
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incredibly complex as, you know, why impact calm exists. And there's so many
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different ways, whether
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it's individuals that are partners, whether it's other companies that are
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partners, whether it's your,
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you know, influencers are all sorts of these other things. It's so much more
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complex than it used
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to be. And oh my goodness, it's just so critical for your business. Just to,
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just to comment or
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a post or a thing, we just know how important it is. You know, like we've all
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seen the, you know,
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Kim Kardashian mentioned somebody's brand and all of a sudden it blows up, you
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know, like it's
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just such a different world. Yeah, well, I see more frequently than that, this
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rise of commerce content,
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which is publishers are no longer monetizing, like you talk about your Wall
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Street journals and your
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business insiders and sort of New York Post. And so essentially they're no
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longer, or they're
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they're moving away from advertising and they're writing articles. These list
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icles like top 10 things
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to buy new mom or five things for a dad who is a boomer or whatever it is. And
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they're inserting links
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where consumers can go and buy those products. And then the publication
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receives a commission. So
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it's as if the publication is actually like a commerce site where they're
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directing people to go
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buy these products that are being recommended by them. And I've seen companies
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blow up literally
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overnight from having a placement in the right article at the right time.
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Without a doubt, we did
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years ago, I had co-funded a media company. We did a gift guide and it was, I
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think it was 101
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gifts, you know, for whatever. And we got to, and this was basically on medium.
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And so we had like
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the largest publication on medium. And so we're doing like tons of traffic. And
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but also mediums to
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my authority is super high. And they're more ads on medium. So anyways, all of
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it led to this thing.
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So we got up to number two in Christmas gift ideas for the phrase Christmas
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gift ideas. And it was
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crazy. We were sending so much traffic to the to the top links on this on this
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thing. People
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were like hitting us like right and left. Like how, why are we we were getting
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so much traffic from
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from this article and stuff. So anyways, yeah, I couldn't agree more.
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And you just see that's how we buy, right? It's just how people buy now.
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It is. It just makes sense. It really makes sense. You want that recommendation
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from someone you
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trust. You want it to be authentic. And if you're reading a publication every
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day and you sort of
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you trusted, you're going to trust what they're saying and the gifts that they
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're listing. And that's
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where, you know, authenticity and that consumer trust really plays a big role.
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Yeah, partnerships
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andlessly complex. And we'll get into that a little bit more later. Okay. So
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any of thoughts on
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your content strategy? Sorry on your marketing strategy overall. Well, we're
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sort of moving away
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from what used to be like a lead based motion to more of a true account based
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motion where
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we're working with a tool called six cents. And we're using intent data to
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essentially define
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where we market and who we market to. So we're not wasting as much money
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marketing to the 95%
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out there that aren't interested in the product. And we're really reaching
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those who are in market.
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We still have a brand awareness so that people who are not in market will think
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of us when they
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hear partnerships, hopefully. But our primary, I think, challenge and goal this
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year is to move
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into this multi threading approach where you're not only just accepting the in
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bound lead, but you're
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you're finding out who those who those people are in the buying committee. Like
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you mentioned
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and you're reaching out to all of them individually. Anything different about
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your team, your marketing
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team and how you how you set it up? I think it's different because they're
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amazing. They're the best
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I've ever worked with. But no, I think we we have it divided up by function,
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which is pretty standard.
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So we have a demand gen team, a social media team, a website team. And we have
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a program's team,
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which is sort of kind of sitting underneath all the other teams or on top of
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the other teams if you
12:17
want to look at it that way. And there are the ones who are creating the
12:21
strategy and putting the
12:22
different touch points together and essentially defining what it is we're
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trying to accomplish as a team.
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So in some teams, they're called like campaigns, people, other other places,
12:31
their programs.
12:32
But ours is a little different because they're working kind of across the
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marketing team,
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which is filled with expertise in these pockets. And they're sort of building
12:41
the program together
12:42
for their various stakeholders. So it's a it's like a hub and spoke model to
12:45
you to a certain extent where
12:47
there's sort of the experts in various different product lines and no one in
12:52
marketing is working on
12:53
the exact same things. But we all kind of have this top three priorities that
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we're working towards.
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All right. Any other thoughts on team or strategy before you get to our next
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thing?
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I think it's really important that when you're looking at your team, you're not
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just looking at
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the perfect top performers, but you're looking at those who make others on the
13:11
team better.
13:12
And essentially promoting those individuals that aren't necessarily the ones
13:18
that are all,
13:19
you know, maybe winning all the awards, but they're the most trusted person on
13:22
the team.
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Those are the people that I look for because at the end of the day, it doesn't
13:28
matter how good you are
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if you can't collaborate on the marketing team. Like there is no star on a
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marketing team. You are
13:34
all working together. So I think it's really important to find performers,
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absolutely top performers,
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but those that also inspire others to be better and know how to collaborate
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within a team structure.
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Yeah, we do we do know hands every week. We like to do sort of shout outs.
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Because our company's not very big, but it's about the size of a marketing team
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depending on the size of your company as well. But of just yeah, like who helps
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you this week?
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And you know, you really learn a lot because there's just so many people that,
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hey,
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I saw you did this. If you want someone to jam ideas with, like let me know,
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you know.
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I think it's great. I think it's really important to have a culture of
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appreciation like that.
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All right, let's get to the playbook where you open up the playbook and talk
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about the tactics that
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help you win. What are your three channels or tactics that are most uncutable
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budgeted?
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I would say the tactic of six cents, the intent data strategy that we're
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working with,
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paid search and paid social, not cutable. Those are the channels that are
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really driving us,
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driving us forward. Okay, let's start with the first one. Can you dig into that
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a little bit more?
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Why is this so uncutable? Yeah, so it's incredible because it's a it's multiple
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tools within one.
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So what I like about it, and I'm not being paid to say this, is they
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essentially also have an AI
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chatbot that can act as an SDR for your team. So anytime an inbound lead comes
15:01
in, it can essentially
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jump on it, act like a person, talk to the prospect, loop in the correct sales
15:07
persons, send them
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content, and you can really sort of have the SDRs and BDRs in your team focus
15:13
on more strategic
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accounts when you're able to leverage artificial intelligence to be responding.
15:19
And you really can't
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tell the difference, the emails are even better if they're written in some
15:24
cases by AI. So that's
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one component of the platform that we really like. The other component is it
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has this ability to
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have a churn indicator. So if your customer is searching for keywords looking
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on competitor sites,
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comparing you with competitors, you're able to see that and you can surface it
15:46
to your CS team,
15:48
to the leaders in your company to say, look, their intent is there that they're
15:53
looking around for
15:54
another provider. So in addition to being great on a prospecting side, it's
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also great on a retention
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side. The second one, you said, was that one paid search? So we hired somebody
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who has taken our
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paid search program from a very good program to an excellent program. So we are
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now probably,
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I'd say between 40% and 50% of our demand budget is going specifically into
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paid search. And on paid
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search, we're talking primarily Google, a little bit of Bing, but mostly Google
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. Yeah. Any insights
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there on sort of like what what takes it from good to great? We spend a lot of
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time focusing on data
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and performance. So we know which ads are going to move the needle. We know
16:42
what they need to look
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like, what they need to sound like. And we're big on keyword research in
16:47
general. So we focus primarily
16:50
on creating content that fits these these keywords. And in our ads, we know
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what will move the needle
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as a result of that. Okay. And then paid social. Tell me how you're how you're
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doing that.
17:01
So paid social. We're leveraging LinkedIn. So LinkedIn is the great platform
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that allows you to
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upload a list. And you can actually target that list. So we love LinkedIn for
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for AVM reasons. And
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the paid social, we look at everything from the way the look the ads look to
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the color of the call
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to action button to the content within the ad to the asset that we're promoting
17:25
to our targeting,
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you know, proficiency. So we're we're always trying to optimize, but we have a
17:32
great partnership
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with LinkedIn at this point because of the amount of money that we're we're
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spending there. And
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and we're seeing incredibly good results as a result. It's one of our top
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performing channels for
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closing deals also. LinkedIn is so fascinating. We do a bunch of stuff there as
17:47
well. And there's so
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many so many different things you can do now with it. Whereas I think back in
17:52
the day, it was a
17:53
little bit more restrictive. And images are so important now. And now you now
17:59
the thought leader ads
18:01
are really interesting. The carousel stuff is super fascinating works really
18:06
well. You can promote
18:08
content just so effectively there, but it's super expensive. So then you're
18:12
like, you know,
18:12
it's expensive. Yeah. They're now offering CTV within the LinkedIn ecosystem.
18:19
So that's sort of the
18:21
next chapter for us. We're going to be testing into connected TV. Yeah, you
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know, it just made me think
18:29
about from earlier talking about multi channel multi format. And obviously a
18:35
lot of people in
18:36
in B2B world, you know, you're you're using primarily your desktop or your
18:40
laptop or whatever.
18:41
But it is really interesting thinking about how you're getting on their medium
18:47
screen, how
18:47
they're you're getting on their little screen and then how you're getting on
18:50
the big screen.
18:51
We're a customer of a company and they put they put a little testimonial of C
18:55
aspian Studios
18:57
in their ad. And I get I've had so many people hit me up. Yeah, that took a
19:01
photo of the video that's
19:03
on their TV. They're like, you were just on my TV. Uh, it's cool. Yeah, no, and
19:08
it's like it's one of
19:09
those things where like I, you know, I mean, they're bigger companies, they're
19:13
bigger budget. But
19:14
it's like one of those things where getting into that moment of time, that
19:18
snapshot in time when
19:20
they're probably not in work mode, but you are getting that extra reminder. It
19:23
's it's it's nice.
19:25
Oh, I'm very excited about testing. It's been years coming. So we'll I'll have
19:31
to keep you posted on
19:31
how it goes. Yeah, seriously. You know, and it's like obviously with everything
19:36
, it's like, you know,
19:36
it could you could waste a ton, right? It's like that's, you know, part of the
19:40
it's the
19:41
the game is about waste, right? So you know, you know, you're going to waste.
19:45
That's the thing about,
19:46
you know, linked to in-eves, you know, you're going to waste there too. But you
19:48
also know that you
19:49
could upload a list and that makes it a lot better. That's right. That's right.
19:54
Most of the time you're
19:55
unsuccessful because your list is is messed up. Yeah. I found an account based
19:59
marketing. It's generally
20:01
like the providers are solid and the lists of keep and maintenance is the hard
20:06
part because people
20:07
leave jobs. Yeah. Yeah. You know, pretty ferociously, especially in the past
20:11
couple of years.
20:11
Yeah, we've had stuff too that that is tricky. If you if you target a certain
20:16
size account that's
20:17
so big and there's a certain type of job title that's just like, well, there's
20:23
400 people at this
20:24
company have that job title and like how much of your budget and then you look
20:27
at the stats, you're like,
20:28
oh man, we sort of, we're way too many ads, you know, there. And there's
20:32
probably a better way.
20:34
Probably was a cheaper way to do that particular account. So let's think of a
20:38
different strategy
20:39
there or whatever. And then so you mentioned sort of like this multi-channel
20:45
content marketing.
20:47
How are you thinking about creating content for impact? Yeah. So we have three
20:55
different
20:55
skews as we say, three different products that we're selling. So we're writing
21:01
top of funnel,
21:03
middle of funnel, bottom of funnel content for all three of the products. And
21:06
then of course,
21:06
we're writing about how the products work together. But what we don't do is
21:11
feature based marketing.
21:12
We're telling a story. And so we keep our stories themed. Like for example, we
21:20
write a lot of
21:21
content about influencer marketing. It's a very popular topic right now. It's
21:24
something that we
21:25
offer as a business. But everything that we seem to write about it is now
21:29
suddenly the most downloadable
21:31
asset. We're talking about how to pay influencers different ways to find
21:36
different various different
21:38
types of influencers. What they're charging nowadays. And so a lot of that
21:43
content is being found.
21:44
And so we're starting to rank for it, which is really nice to see some of that
21:48
organic traffic come
21:49
into as a result of the content. Yeah. I mean, the influencer stuff of how much
21:56
, how much getting
21:57
those benchmark data is just so important. It's just so incredibly important. I
22:02
mean, like whenever
22:03
we try to do influencer stuff, that's always the part where, you know, like a
22:07
small team,
22:07
you don't have a partnership person leading the charge. So then you know, so
22:12
much of figuring out
22:13
those benchmarks is just incredibly difficult. And then you're searching on all
22:17
sorts of, you know,
22:18
every, every slack group you're part of and you're asking, you know, it's just
22:21
it's a challenge.
22:22
It's crazy because it's the still a wild west. There's no standardized rate
22:26
cards, like an advertite.
22:28
Like it's very difficult to know what you're supposed to be doing in influencer
22:31
marketing. So yeah,
22:32
it makes sense that people are looking for that content. Any content that
22:36
particularly like
22:37
stood out or campaign that particularly stood out for you with within within
22:44
any of those
22:44
uncutable budgetos. Yeah. So we were in a campaign recently called advertising
22:50
is dead.
22:51
We're obviously marketing to marketers. And so what we did is we went on adage
22:56
and we bought up
22:56
their display ads and it said, you know, studies show you won't click on this.
23:00
And we just wasted
23:03
money on this ad kind of thing. And essentially it all led you to to this
23:08
experience where you have
23:09
to figure out who killed advertising. So it's we set it up like a clue game.
23:14
And you had these
23:15
different choices. Was it millennial because they killed everything or was it
23:21
too many ads and ad
23:23
blockers? Or was it consumer behavior? What is it that sort of led to the sound
23:28
fall advertising
23:29
that we talk about because obviously advertising has gotten more expensive and
23:33
less effective?
23:33
So this of course marketers I I browse raised and they sort of enjoyed the gam
23:39
ification of the site.
23:40
And then at the end they would download content, which is a white paper on
23:43
advertising is dead.
23:44
Here's why we're saying this and here's what we mean by it. So that campaign we
23:48
had a lot of fun
23:50
with it. We were able to take over airports and do some airport advertising on
23:55
the televisions.
23:56
Like I said, we have this microsite that got a lot of attention. We were we
23:59
were doing ads. We were
24:01
doing direct buys, but that's still one of our top performing pieces of content
24:04
. I love it. That's so
24:07
fun. It was fun. Super creative. And it's fun marketing and marketers because
24:11
you get to kill up with
24:12
say any stuff. And then it ends up working. Who killed it? It was consumer
24:18
behavior. Because now like I
24:20
mentioned earlier, they want to hear from their trusted resources, their
24:23
communities, their
24:25
their friends, their family, their influencers. And they really don't trust ads
24:31
. In fact,
24:32
most are trying to block them, which makes it difficult for marketers to reach
24:36
consumers.
24:37
It sure do. Millennials killed
24:40
napkins. Yes. That was my favorite. I remember one time we had like a family
24:48
thing and
24:49
my mother and father were talking about someone had brought up how Millennials
24:54
were killing napkins.
24:55
And I was like, Hey, I'm not going to sit here and say that paper towels are
25:01
not the superior option.
25:02
That's why I heard Millennials were killing the top sheet like in bed. Like
25:10
there's no more top sheet.
25:11
It's just the blanket. Oh, yeah. Yeah, I didn't know that. That wasn't that was
25:14
new to me. I still have
25:15
a top sheet. So I guess I don't fall into that. I did. I've killed the top
25:19
sheet. I've killed napkins.
25:21
That's funny. Yeah. Not advertising. It wasn't your fault. Hey, I'm glad.
25:28
Well, I think, you know, I mean, this is a total tangent. But I think it's
25:32
worth talking about.
25:33
Because it's a marketing podcast. I think that people, you know, used too big
25:38
of a brush to paint
25:39
people. And I think that, you know, specifically things around like Millennials
25:43
, first of all,
25:44
all these age groups are like way too big. Right? So it's like someone who is
25:48
like
25:49
37 and has a kid is completely different from someone who is, you know, I don't
25:56
know, whatever.
25:57
Just graduated college. Yeah, it's like these these age ranges are absolutely
26:01
ridiculous.
26:02
It is a mistake that people sort of like look at things in these like huge
26:05
buckets rather than sort of like
26:07
points in people's lives or basically transitional moments in your life or like
26:11
huge, huge, you know,
26:13
moments where you buy stuff and you do stuff and you, you know, make decisions,
26:17
you know, if a new
26:18
CMO comes in within 90 days, like they're gonna they're gonna be overhauling
26:22
something, right? So,
26:23
you know, that's a good time or whatever. And I think that people just paint
26:26
too bigger brush.
26:27
And they don't they don't necessarily look at, you know, what is what is the
26:31
activity levels that
26:32
are happening, you know, within that group or or something that's not just, you
26:37
know, their age.
26:38
Yeah, no, I know what you're I understand what you're saying. And I agree with
26:42
you, the generation's
26:43
thing is is sort of off the map when you can have somebody who's, you know, an
26:49
executive in their
26:50
career and somebody who's just starting out and being the same sort of
26:54
generational bucket, I think
26:55
that that's kind of bizarre. What about your most cuttable budget item or
26:58
something that that
27:00
maybe's not working fading away or that you're not investing in? Well, I don't
27:04
know if it's fading away.
27:08
It's hard to do direct direct mail. So what we were doing and what was working
27:12
well
27:13
during the pandemic was we were sending out these kits of, you know, different
27:17
types of wine. And
27:18
then we would hire a sommelier who would come on and we would have a virtual
27:22
wine tasting. Or
27:23
we did a gifting activity where it was after the holidays. And so retailers are
27:30
very stressed out
27:31
during holidays because they have Black Friday and they have Southern Monday
27:33
and they have
27:34
holidays. So we put together a U-Servive the holidays kit and we sent it to
27:39
them after Q4 was over
27:41
and it had like a cozy socks and like a little cup with whiskey stones and it
27:45
was it was cute.
27:46
Now you don't get people's purse so you don't eat it's very hard to get people
27:50
's addresses at the time
27:51
we were sending them to offices and now of course people are home. So that's
27:56
taken a little bit of a
27:57
back seat for us. But direct mail was a really top performing channel for us
28:02
prior to the pandemic
28:03
and everyone working from home. Yeah like that you said it is it is hard when
28:09
you're doing a right
28:10
it's great. What about AI tools? What are you using right now? How are you
28:13
thinking about exploring AI?
28:15
So we're leveraging Jasper AI right now for content. What's really cool about
28:21
Jasper is
28:22
I'm sure this is common among AI content platforms. I just don't know of many.
28:29
What Jasper does do is
28:31
you can train it to write like someone in the voice of someone. So what we
28:35
would do is we would
28:37
feed it articles that were written by me or by the CEO or somebody else and
28:41
then eventually we
28:42
could have it you basically toggle to say write like this person and it can
28:47
which is really time-saving.
28:49
Of course nothing written from AI the first time is as good as it written by a
28:55
human being
28:55
with the exception like I said of that email bot which is actually pretty darn
29:00
good. But
29:01
for like a content AI tool you still need to review it you still need to add
29:08
some human emotion into it
29:09
but it does sort of take you to that first step you get there a lot faster with
29:15
the tool then
29:16
without it. So I'd say that we're definitely leveraging it in our content we're
29:19
leveraging it in our
29:20
product. So if someone's partnering with an influencer we would be able to say
29:27
hey you're
29:27
partnering with this influencer we have recommendations for you based on who
29:30
you're partnering with.
29:31
Here are some other partners that you should start working with. Great. So yeah
29:35
it's a great I mean
29:37
with every technology there's obviously concerns around privacy and security
29:42
and people have fear
29:43
around AI which I understand and we should be responsible with it but I
29:47
personally feel like it's
29:49
it's really important in my toolkit now whereas it wasn't a year ago. Yeah that
29:54
's super cool.
29:54
Thanks yeah. Okay I want to touch on partners obviously because you're the
30:05
expert. Is there
30:07
anything that we should be thinking about in B2B land as it relates to partners
30:12
or maybe some
30:14
maybe some stuff that we do's and don'ts for the the old partnership economy.
30:20
Yeah so you do find partners with a similar audience that's the first key.
30:26
You do not want to be trying to market your brand in front of an audience that
30:32
is not
30:33
interested in your brand. So find partners that align with your audience I
30:37
would say find some
30:38
that have similar objectives as you you all need to have the same goal or else
30:43
it won't work.
30:44
So those are two dues. I would say don't partner with someone just because
30:49
everyone else is
30:50
partnering with them. They may not be the right fit for your brand. That's my
30:54
number one don't
30:56
and the other don't is don't assume that the the partner understands what you
31:03
need. You need to
31:04
be communicating effectively throughout and the main problem we see with failed
31:08
partnerships is
31:10
just a communication issue. Instead of you know something more glaring like you
31:14
would expect it's
31:15
it's like well we didn't communicate that that was going to be the payment for
31:18
this or we didn't
31:19
communicate that this is the coupon or this is the deal or this is the
31:22
promotion that we want you
31:23
to be highlighting right now. So I'd say that those are some dues and don'ts
31:28
but I'd say don't roll out
31:30
other businesses like we've seen some really cool collabs between different
31:34
businesses in B2B even
31:35
and you can create a product that is you know extremely marketable and
31:40
interesting to consumers
31:42
when you work with another brand or you just co-market and do things together
31:46
and try to combine
31:47
audiences. So I think there's a lot of different ways that you can partner. I
31:50
think what we see is
31:52
people are generating up to 28% of their total revenue through partnerships not
31:57
their
31:57
marketing source revenue they're total revenue when they have mature programs
32:01
and they focus on it
32:02
but it's not as easy as just putting a quarter in and getting a dollar out you
32:08
know you you have
32:09
to work at these partnerships and so they're not transactional they're they're
32:12
very much relationship
32:13
driven. Yes so we see it a ton here at Caspian on podcast because you know
32:19
creating like a really
32:20
good show especially with video and growth budget and all that sort of stuff is
32:25
expensive and if you're
32:27
marketing the same group hey why not let's make a podcast together or let's
32:30
make a podcast and then
32:31
bring in another partner or a couple. So we've done a handful of these for more
32:35
than a handful
32:36
where you have multiple partners in and boy wouldn't you know it? When it works
32:40
great it is so great.
32:42
You get both of the audiences sort of invested it's an ongoing relationship
32:46
rather than sort of like
32:47
doing a webinar together which is like cool but everyone sort of knows it's
32:51
transactional
32:52
whereas like building a show together you have a lot of that and and you can
32:57
you can also just
32:58
really seamlessly do ads and and sponsorship stuff like that with a better
33:03
together better together
33:05
narrative the peanut butter and jelly you know narrative and like it works
33:10
especially if you're
33:14
if you're smaller people that are going up against a bigger competitor and you
33:18
know like hey let's
33:19
we're both point solutions and this is the platform play you know stuff like
33:23
that
33:23
can work really well. Yeah yeah definitely as long as you have the same aligned
33:30
objectives
33:30
and similar audiences and you can be successful. So what about individuals
33:37
because this is
33:37
something that I think like and whatever you want to call them influencers or
33:41
whatever you see
33:42
so many people now whether they have a podcast or a blog or or a newsletter
33:48
that you know it's just
33:51
one person maybe you know an assistant or something like that but they just
33:54
have incredible reach.
33:56
How do you think about those? Yeah I think when in sort of the topic of
34:02
influencers I think that
34:04
if you're not working with influencers right now as a marketer you're left
34:09
behind like this is
34:11
happening now but the rise of influencers I really they've been around for a
34:16
long time I spoke at
34:17
mommy blogger conferences back in 2012 so it's not new but what what is new is
34:22
sort of the heightened
34:24
awareness and demand for influencer content and I think it all happened around
34:32
the pandemic when
34:32
people were at home with their phones creating social interaction buying things
34:37
online and the influencers
34:40
really took off but I think the ones that are most successful there's yeah you
34:43
look at the celebrities
34:44
like the concurrent actions but a lot of these micro influencers have
34:48
communities like big communities
34:50
that are a royal so you won't need to be a celebrity anymore you really just
34:54
need to have an audience
34:56
and and some sort of medium it could be anything really but yeah it's it's
35:02
important to to align with
35:05
influencers that are authentic and that's where I think a lot of celebrity
35:08
influencers are to get
35:10
their hands blocked yeah I I think it's so I think it's so important that
35:14
something that you know we're
35:15
doing here at Caspian it's something that you know my philosophy on this is
35:19
basically like if someone
35:20
makes something that's so good that you're either jealous of it or you consume
35:24
it you should just
35:25
reach out to them be like let's work together on something like I can sponsor
35:29
your stuff or whatever
35:30
and that's just like how I view things the partners that Caspian works with are
35:35
just people like I dig your
35:37
stuff I'm part of your community or I pay attention to what you do and like if
35:42
I can help pay your rent
35:43
or you know or even you know help you you know buy your new boat or whatever it
35:48
is that you're trying to
35:49
do like you know smooth out the the the even months like and be like a truly
35:54
good partners like hey
35:56
whatever January always sucks for me could you sponsor us that month sure like
36:03
those are the sort
36:03
of things that go like a really long way and you just become part of their life
36:08
in a way that sort of
36:09
being transactional even though that's good too but but just being transact
36:15
ional is not necessarily
36:17
as winning of a strategy no it's not and and I don't think I think audiences
36:22
can see through it
36:23
at the modern consumer is the smartest consumer of all time I have never seen
36:29
people be able to
36:30
sniff out ads or fake posts or people who are just inauthentic you'll get found
36:37
out with
36:38
these these internet detectives so oh yeah I think it's it's really important
36:42
yeah couldn't agree more
36:44
yeah I think my my final piece on that it's just like if there's a brand who's
36:50
marketing you like
36:51
uh you know and you have an idea just like reach out to him you know like it's
36:57
just um and it's hard
36:59
like it's like dating right you know you have to if I do you want to work with
37:01
this team then you're
37:02
going to be like do I want to work with them for the next year you know like
37:05
all those things I
37:06
encourage people to like look at time horizons or like do I want to work with
37:09
them for the next three
37:10
years if I have to do a weekly meeting with them for the next three years like
37:14
am I going to get sick
37:15
of this and if it's someone that like energizes you then pull the trigger if it
37:18
's someone that does
37:19
not you should definitely not do it uh couldn't agree more with that in our
37:24
next segment the dust up
37:27
we're talking about healthy tension whether that's with your board your sales
37:31
team competitors or
37:32
anyone else have you had a memorable dust up in your career yes I've had I've
37:38
had a few um I try to
37:40
avoid conflicts as I can but um certainly you'll run into that at at any level
37:46
um after a while
37:48
so I would say for me the the biggest dust up was um with a company uh that I
37:53
ended up leaving as a
37:55
result of of the dust up but it was a result of um me being the vice president
38:01
and they're being a
38:02
CMO who was unfortunately let go um and they they sort of were like well we
38:06
have a VP uh but was
38:09
asked to do a lot of the CMO responsibilities which I shared you know that that
38:14
should make me the CMO
38:16
at that point which it didn't do um so I had to walk away but it was the right
38:20
decision because I landed
38:22
where I am now um even after a couple of companies uh and I I am a CMO but it
38:27
took a couple of companies
38:29
being a VP and not sort of hitting that next level and feeling like I had a
38:33
glass ceiling over my head
38:34
that I wasn't going to get there um for whatever reason even though I was doing
38:40
the job and and so
38:41
I've had I had to leave um but it was the right decision and uh I would do it
38:45
again you have to know
38:47
your worth and you have to fight for it because no one else is going to fight
38:50
for you. All right let's get
38:52
to our final segment quick hints it's your quick questions and quick answers
38:58
just like how quickly
38:59
qualified helps companies generate pipeline happening a great assassin website
39:05
to identify your
39:06
most valuable visitors and instantly and I mean instantly start sales
39:11
conversations right there on
39:12
that website quick and easy just like these questions could qualify.com to
39:17
learn more quick hints
39:18
Christie are you ready I'm in let's do it number one what's a hidden talent or
39:24
skill that's not on
39:24
your resume I make jewelry I make earrings oh fun I give them to my team who in
39:31
turn feel obligated to
39:33
wear them so I really enjoy just the act of making them and I do give them away
39:40
to people so that's
39:42
awesome do you tell people that you made them or do you ever just like just say
39:45
like hey I got you
39:46
this oh no I feel like it's their hand made I'm afraid they look handmade but
39:53
um working I'm working
39:54
on I'm getting better they're like CG on the back oh what I've never heard of
39:59
that brand. No that's
40:00
a cool brand. Do you have a favorite non-marketing hobby that indirectly makes
40:05
you a better marketer?
40:06
I study psychology. I read psychology today I'm always online browsing the
40:13
latest articles
40:14
about consumer behavior it's something that just fascinates me and I know that
40:18
it makes me a
40:19
better marketer I've learned body language I've learned how to how to work with
40:23
difficult people I've
40:25
learned sort of how to avoid conflict but the most important part is I've
40:31
understood my own brain
40:33
and I seek to understand the consumer's brain my audience is brain so I can be
40:38
a better marketer.
40:39
If you weren't in marketing or business at all what do you think your job would
40:44
be?
40:45
Psychology I would be a psychiatrist hands down I've never had a question if
40:50
marketing didn't
40:51
work out I always thought I'm going to med school. That's awesome. Yeah. What's
40:56
your best advice for
40:56
first time CMO? Be yourself and remember that you are borrowing that title and
41:02
you need to earn it
41:04
every single day because there are 10 people behind you that want that title.
41:07
That's great.
41:09
Christy wonderful chatting with you for our listeners you can go to impact.com
41:14
Welcome to the partnership economy. If you're B2B company definitely we'll give
41:20
some pretty good
41:21
insights here check out impact.com if you're B2C company you definitely should
41:24
do it.
41:25
Christy any final thoughts anything to plug? We have a great podcast ourselves
41:31
called
41:31
partnership economy where we interview our customers and talk about all things
41:35
partnerships so
41:36
just another another podcast to listen to. Love it in a book. Yeah in a book.
41:43
Got it all figured out.
41:45
We're trying trying to educate. Fantastic. Well, Christy wonderful chatting
41:52
with you and we
41:53
will chat again soon. Thank you Ian. I had a great time.