Transcript
WEBVTT
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Welcome back to BEDB growth. I'm
Logan lyles with sweet fish media. Today
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I'm joined by EAT. I back. He's the CO founder and CEO.
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Over it follows. Eat, I, welcome to the show. How's it
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going today? Hey, good morning
guy's going great, lovely whether outside here
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in San Mateo and looking forward to
chat with you. Awesome. And we
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were just talking about the sunshine.
It's shining here in Colorado, is shining
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in California, wherever our listeners are. Hope they're getting some some nice weather
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today. Eat, that we're going
to be talking about personalization at scale throughout
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the customer journey today, something that
is key to what you guys have been
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talking about lately. Over it follows. But for some contact for our listeners
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who aren't familiar with you and your
team, can you give us a little
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bit of background on yourself and what
you and the team that follows her up
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to these days? For sure think
you looking to you know, I've been
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in business for like fifteen you know. You know what, almost twenty years
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now. Started from unified communications and
networking and and did a lot of you
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know, product management and on product
marketing and business development and so on.
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And I always have been struggling with. How do you actually message properly to
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every one of your talk of accounts. It's scale consistently from both marketing in
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sales, and got to the point
that that's some stage in my career that
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I wanted to see. You know
what, I want to solve this.
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I wanted to solve it once and
fall, and so fall companies that are
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kind of effacing enterprise as a market. They deserve better. So here we
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are. I love it. I
love it and I love to hear that
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broad background from product marketing to business
development to now, you know, founding
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and company. So let's jump in
and talk about personalization, because I've heard
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this Monitra from you guys as of
late. It's not just about personalizing that
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email copy or that add it goes
a bit broader than that. Tell us
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a little bit about the scope and
and kind of the future that you guys
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are seeing when it comes to personalization
throughout sales touch points as well as marketing.
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Right. You know what, maybe
we should talk a little about why.
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Why even personalize anything? Right?
I think as consumers, we have
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been kind of a use in the
in the past decade or so everything became
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just hyper personalized. Right, when
you go to starbucks, right, do
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you choose that very, very specific
flavor of coffee in the morning? Right?
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Why not everything else like, like, and and with. There's a
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whole bunch of different consumer side examples. But when you come to work,
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why is it that you need to
see ads and emails and sell speeches that
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are all to generic and broad?
This is this is not working anymore.
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The whole theory of a kind of
felinear funnel, when marketing are just putting
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out their generic content and very broad
kind of a campaigns and there are progressing
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leads down the funnel to score them
and then hand them over to sell this
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is a known secret. Right.
This is not working well. It's been
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working well for those bit to be
environments were it's highly reputable velocity cells,
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but it's not working well if you
have a bit of more complexit in your
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cell. Any company that has solution
selling, value selling all these people.
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They know that they have to treat
every customer as its own entity and and
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it's time for marketing and sales to
come together and find a structured way on
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how to do that at massive skills
and this is why we think personalization is
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the kind of the core of the
next generation of the marketing stack and marketing
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practice. I imagine some of that
unlock for you is mentioning your time in
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sales and business development. You know, every bb seller that I know understands
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the power of personalization, of taking
that generic value prop in and personalizing it,
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and also of multi threading. So
you know to me it's personalizing based
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on the account and the research that
you're doing, but it's also based on
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the individual, because we all know
that there are multiple people involved in every
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BEDB buying decision. Are those some
of the things that were in your mind
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on this topic as well? Eati
absolutely when we when we think about personalization,
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it is about industry, about account
that by a person the role,
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it's about the stage of their bier
journey, it's about the the specific need
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that they have right that a personization
is a very sophisticated idea that would really
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is aiming a tailoring the discussion between
a vendor and the customer or prospect to
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be very much on point to what
the customers really looking for. Yeah,
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absolutely, personalization becomes much more than
just those personalization and for folks just listening
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to podcast can't see my air quotes
around. You know, first name,
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title, company, those sorts of
things as generic linkedin messages I'm getting today.
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So tell us a little bit more
eati about where you see some companies
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taking this in personalizing every touch point
and using synthesizing kind of all this data
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from stage in the buyer cycle,
persona seniority level, company, size,
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company, industry. I mean,
it's a lot to take in and it
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seems a little bit daunting. Right, right, right. I think they
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the reference we need to make you
is to account based marketing. A Count
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Bass Marketing, or Abim, has
been the most innovative trend of the last
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two three years in mark, in
Motaco, in marketing be to be marketing.
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A contass marketing has started many years
ago, but recently it was much
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about kind of ICP and intense signals
and audience building and then providing intense signals
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to the sales people. It's all
about that kind of a data process.
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So let's say and and then there
were there were ads on top of it,
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right, adds that that are aimed
at specific accounts. So now you
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have the data, you have the
ICP you have the intense signals, you
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have the ability to deliver as to
specific accounts. Is that? Is that
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it? We say it's not,
because at the end of that add someone
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is clicking, or at the end
of the email, someone is clicking,
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or if they're getting like something physical
in the mail and there is a link
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somewhere, someone is going back to
some kind of a digital experience online.
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And it is that specific or is
that generic? And this is what word
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we call abx account bass experiences is
becoming the the main kind of a next
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level of ABM is becoming very popular. We have a lot of customers that
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are doing that. We just did
the two major case studies, one would
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bring central and one with fire eye
at B to BMX last week, and
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this is becoming a very popular way
to go to the market. Are Really
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Making sure that those touch points when
they're when there is a click of the
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end, it's going into a online
experience that is incredibly valuable for the customer.
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It is very relevant for them,
it's very personalized to them. You
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can gain a lot of relevant analytics
back from that. Right you can support
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yourself people with all that data so
they really know where to go and win
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and so on. Right. So
this is kind of the next step and
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this is what we focused on,
which is the avx part of the ABM.
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Like I love the way you put
that Abx, so account based experience,
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and that's really about. Okay,
the marketing has has ended, so
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to speak, but the next stage
in that journey has happened, because there's
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a conversion and looking at how do
we personalize there? You mentioned a couple
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of companies that you guys are working
with right now. Eat I. can
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you tell us a little bit about
where they started? Okay, we realize
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that there is a huge opportunity to
make the experience better by personalizing this this
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next step, this critical conversion point. Can you talk a little bit about
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some of the first steps that they
did to figure out how are we going
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to personalize there, where we're going
to bring the data, how we're going
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to make this happen? And then
I think we'll have a conversation around some
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of the success metrics that they've been
able to achieve and what did they have
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on their list of what were they
measuring once they went down this path.
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But I think kind of unpassed acting
a little bit about where they started and
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then we can talk about, you
know, how to measure success in that.
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Sure Child. I want to say
first that the whole idea of conversion
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is blurring because it's a BM.
It is much about the journey. It's
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about it in nurture kind of emotion. That is, first building awareness with
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accounts and then and then you start
engaging them with sales and then they're on
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seal stick. They lead, but
then marketing still are in the picture in
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order to provide air cover, and
then they become customers and you keep that
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journey so it's a complete customer life
cycle. Or marketing are always there.
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There's no there's no handoff, but
rather is kind of a going to get
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her to to the market. And
then, and then there's a question of
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how do you personalize? You'd probably
do that by tears, right. That's
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what we see customers do right.
That would say, Hey, we have
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our top tier of accounts, maybe
five accounts, ten accounts, twenty five
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accounts, fifty counts, depending on
how much resources you have to treat each
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one of them at the at the
top level. And then there's a second
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and third tiers and we going need
to apply different strategies. Right at the
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very top tier, you may want
to do incredibly tail or customized kind of
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experiences that are based on what you
know about that account from a lot of
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different kind of sources, right.
So, for instance, one of them
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you had been doing and discovery.
So you know the situation, you know
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the project that working on, you
know the pain points, you know the
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whole thing. Right. So in
that case you're going to build like a
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destination with content and messaging that is
just built for that and then when they
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come to the website, to your
website, it pops up and say,
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Hey, those created content for you. When they click on an ad,
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they see the same thing. When
it's come communication from cells, to see
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the same thing. So what do
they start? Like? Like so rings
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and for for instance, they started
with twenty five accounts and when they thought
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about those twenty five accounts, they
built it under a very programmatic structure of
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personization. When they were thinking about
their accounts, what they need and their
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verticals and their product that they can
offer to really did the very interesting kind
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for combination of different dimensions that together
built what is it we're going to message
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to them? So, once they
had that Matrix in front of them.
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What they did is they codify that
into our platform so that every one of
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their accounts, doesn't matter where they
actually get exposed to this from, they
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will sit the just their own variant. So twenty five accounts. They got
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off the ground in the matter of
a few weeks, and this was a
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ad campaign and email campaign and linkedin
campaign and a whole bunch of different channels
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were they they measured how much engagement, online engagement, their getting and from
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what, what kind of fact,
type of personas right and the good,
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the great news. We were all
like shocked to see that ninety percent of
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the accounts engaged with that messaging,
with those campaigns. Why? Because they
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were on points. There were very, very tello to each one of those
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accounts. So you know the situation
where I give this example a lot.
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When you looking for a new car
and you put your eye on on a
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BMB right, all of the sudden
you see a lot of being doubles in
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a freeway, right. So it's
the same thing. You have a business
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problem that you need to solve in
the ring central case. I have something
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to do with you in fight communication. Maybe I am replacing my unified communications.
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Maybe I need to do something for
my international countries. Right. I
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need to find the sort, but
there is. There is a UN fight
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communications topic. All of the sudden
I stop paying attention to stuff like that
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all around. So someone like Green
Central, if there, are catching me
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with the right message because they know
what is the issue that I'm trying to
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solve and paying attention to that.
So my tendency to click as a customer
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and to read and consume and to
learn much much higher. My tendency to
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engage with that that vendor and ask
for Hey, can I get more help
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here is much, much higher.
That's why they got nine percent of the
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accounts engaged in. Many of them, like the average was a five minutes
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each. That's a lot. The
average on a on a lending on a
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Web page is ten to fifteen seconds. Most people bounce five minutes in average
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is a lot. So they've seen
tons of success by being very, very
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tellent. So that's how they start. The next level after you have that,
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is how do you actually steal?
So I'll pause and see if I
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answer your question about how you start. For today's gross story, we're talking
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about all state. I'll stay offers
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Directive figured out car insurance was a higher
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let's get back to the shell.
Well, what I'm hearing you say
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they're ETAIS. You know, you're
identifying the folks that are looking for German
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engineered automobiles, and then you start
putting the BMW's all around them. But
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as opposed to just waiting for them
to kind of spot them, which happens
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naturally, you lean into that phenomenon
and and kind of orchestrated all around them.
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Is is what I hear you saying, because you start with the teared
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accounts, you based your you base
your amount of personalization based on how many
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accounts it and your resources. Just
be practical about it. And then they
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that same level of personalization, whatever
that is that you've decided on, is
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consistent across sales ads, landing pages, Linkedin and whatever. So that's what
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I hear you saying. They're I
would love to hear you know any correction
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there or let's go to the next
step there. No. So this is
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this is very accurate. I think
the what's actually not unlocking this whole idea
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of really being that personalized is technologies
like ours. A little promotion here that
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is allowing you to really do that
very quickly, because you don't need to
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integrate a whole bunch of different services, data and whatnot. We we bring
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in the data, the identity kind
of service, the experience itself, the
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analytics is all built into one platform
that any person five years or older can
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actually kind of a build, and
that means that you can really get to
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value very fast. So someone like
collect me in central they got that off
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the ground in the middle of a
few weeks and they were able to quickly
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iterate and improve, and that's very, very important in these days because the
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pace of businesses so is so rapid
and you can just keep on doing projects
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that take you like months and years
and costume millions. You have to be
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quick, learn and go to next
level. So starting fast, being able
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to still bring a very solid personalization
to the game, learn from that and
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get ready to the next step is
incredibly critical. Yeah, absolutely. We
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see so many companies who are,
you know, talking about podcasting, that
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we work with and they take so
long just trying to come up with the
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exact perfect content plan and and the
exact shade on their logo. But those
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that hit the battle fast and go
and then iterate from there or more successful.
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So doesn't matter if it's podcasting or
ABM, whatever the case may be,
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speed is going to be in your
favor. So let's talk a little
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bit about scaling and then measuring success
as we round at the conversation today time.
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Sure. So scaling is is very
important. So we have seen also
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in the first kind of incarnation of
Abam. You feel like maybe you know
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the ability to kind of a target
ten, fifteen accounts, twenty five accounts,
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that's about that. From you know, just do it manually. But
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then many for our customers, they
come to us when they say, all
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right, I was able to do
that level, but it was pretty heavy
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lifting. Now they told me you
were successful. Go Do to five hundred
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accounts. And you know what,
actually, if you think about it,
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if I'm a bit to be vendor
and I have an audience of Fivezero targets
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in my in my first of all
market, or maybe Fiftyzero, each and
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every one of them deserve to be
served very, very personally. Right.
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So I need to make sure that
I can scale this. So in order
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to scale that now you need to
in the second and third tier you need
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to start thinking about clusters of accounts, maybe in segments based on topic or
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based on vertical or based on what
is your major segmentation. But then within
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that segment you want to apply dynamic
personalization, that is automatically learning the situation
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over time and being more and more
accurate as time goes. And this is
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where technology is in US have,
because you cannot anymore do it manually,
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doesn't matter how many people you have. So Skilling is is war. ABM
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is becoming and you know, if
you think, if if you saw recently
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some reports from from forester, Steve
Case, which is a principle analyst.
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There he covers a BM and he's
talking about that ABM eventually will become the
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fact, will be to be marketing
practice. So the ABM is a category,
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is going to become the bit to
be marking practice. In order for
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that to happen, we have to
solve that scale of personization. Otherwise we're
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going to be limited to maybe a
hundred, a hundred fifty accounts. So
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to that's where we focused on.
We see our customers are now focusing on
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because they want to get that ABM
or kind of an abx notion to every
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one of the accounts, not only
the help ones. Yep. So we've
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talked about the the first of the
two essays is that's coming out in the
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conversation today, starting scaling. Let's
talk about the third as we rounded out
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today, it tight in success.
Let's talk about some measuring success. What
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are some of the metrics that that
your customers are looking at? You talked
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about, you know, a great
example of looking at engagement both as a
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percentage of the accounts and then the
time on those assets. What else are
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folks going to look at their initial
successes? So let's look at it from
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a point of view of the SMO, and I want to talk about the
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kind of the death of mpls or
the death of the liner funnel. Right.
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What's what's happening is that cmos these
days are more and more minded on
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revenue, on pipeline, but they're
being challenged by sales for years. They
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have been challenged by their CEOS for
years and they really have to align with
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cells and drive results together. And
in essence, if you think about that,
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the the work of a good marketing
organization is to make sure that sales
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are most productive and most impactful.
Right. So it's not about how many
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m kills I drove, because sales
usually don't necessarily kind of respect them.
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Many times they don't. But it's
about did I provide sales with all they
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need in order to go after the
right accounts, which are right right now,
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to get this message right? And
that's very different from what we've done,
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have been doing in the past.
We have been just doing leads,
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score them and kill. Here are
leads, here's the playbook, here's the
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content, go have fun, and
that's not working well right. Instead,
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think about what I'm doing, is
is as a marketer, what I'm doing
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is that I'm actually taking intense data
and based on that I'm running campaigns that
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could that allowed me to collect more
intend data and based on that, I'm
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now putting in front of salespeople,
Hey, here are some accounts you want
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to go after with this message,
and, by the way, the campaign
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is here, ready to go.
Just quick her and it goes from you,
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right, and then you just monitor
for the analytics, right. That
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so the way that I need to
measure as as as a marketer is the
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level of interest and intent on an
account level, right, and then use
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that in order to activate sales onto
those specific accounts. And then the ultimate
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measure is how many new opportunities were
created as a result of that and we
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have some of our customers show actual
pipeline and revenue attribution to those kind of
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emotions and they are fantastically high.
It just I'm hearing customers that say that
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this is working five to six times
better than anything else they have done in
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the past. Wow, well,
that is a great stat in the conversation
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on today, I know most sales
teams would be looking at, okay,
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five to six x what we're doing
now in efficiency and and results driven is
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something that anybody would stop and take
pause over. So each tight this has
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been a great conversation. I really
appreciate the way that you've unpacked this term
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account based experience and then looked at
how do we start it, how do
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we scale this process and then how
do we measure success as we go along?
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If anybody listening to this would like
to stay connected with you in the
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follows team or reach out asking you
follow up questions, what's the best way
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for them to take those next steps? EASIEST? Go to our website.
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FOLLOWSCOM FOLOZCOM, start a chat with
our team. Will take it from there.
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We are coming out with we came
out with the what we call a
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blueprint, like the personalization blueprint.
That's out there. We have it on
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social we have it available for people
also from our website. We are coming
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now with the kind of a spotlight
of blueprint just for abx, so watch
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out for that. Stay tuned and
we are more than happy to meet any
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any process of the customer that is
is considering this just to have a workshop
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on a bx see how that can
apply to their business, whether they buy
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from us or not. We're happy
to help them with their first few steps.
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I love that Eati thank you so
much for joining me on the show
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today. Thank you very much.
Thanks a lot. I hate it when
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00:24:11.140 --> 00:24:15.220
podcasts incessantly ask their listeners for reviews, but I get why they do it,
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00:24:15.619 --> 00:24:19.740
because reviews are enormously helpful when you're
trying to grow podcast audience. So
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00:24:19.900 --> 00:24:22.740
here's what we decided to do.
If you leave a review for be to
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00:24:22.740 --> 00:24:27.089
be growth and apple podcasts and email
me a screenshot of the review to James
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00:24:27.130 --> 00:24:30.970
at Street Fish Mediacom, I'll send
you a signed copy of my new book,
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00:24:32.130 --> 00:24:34.650
content based networking, how to instantly
connect with anyone you want to know.
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00:24:36.130 --> 00:24:38.079
We get a review, you get
a free book. We both win.
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