Ian Faison & Christy Garcia 42 min

If You’re Not Working with Influencers, You’re Left Behind


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

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want to look at it that way. And there are the ones who are creating the

12:21

strategy and putting the

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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.

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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

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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

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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

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team better.

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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

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the team.

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Those are the people that I look for because at the end of the day, it doesn't

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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

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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

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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

15:08

content, and you can really sort of have the SDRs and BDRs in your team focus

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on more strategic

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accounts when you're able to leverage artificial intelligence to be responding.

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And you really can't

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tell the difference, the emails are even better if they're written in some

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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

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to your CS team,

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to the leaders in your company to say, look, their intent is there that they're

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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

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what they need to look

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like, what they need to sound like. And we're big on keyword research in

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general. So we focus primarily

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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.

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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

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to our targeting,

17:26

you know, proficiency. So we're we're always trying to optimize, but we have a

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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

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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

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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

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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

18:28

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.