Transcript
WEBVTT
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Welcome back to be tob growth.
I'm Logan lyles with sweet fish media.
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Today I'm joined by Gavin Finn.
He's the president and CEO over at Kon
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Interactive. Gavin, welcome back to
the show. It's great to have you
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again. Thank you, Logan.
It's terrific to be back with you.
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Absolutely. Gavin was our guest back
on episode six and twelve about telling complex
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stories in a visual way. Will
definitely link to that in the show notes
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so you can get even more good
stuff from Gavin today. Today we're going
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to be talking about digital transformation and
specifically taking your offline events to virtual and
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how do you really create customer engagement
in new ways that some of us are
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being forced to do right now in
new channels that we're not used to?
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Gavin, before we jump into the
topic today, though, can you give
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listeners a little background on yourself and
what you and the Keon Interactive team or
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up to these days? I'd be
happy to. Thanks, Logan. We,
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as you know from our previous engagement, we are a B Tob Technology
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Company. We build interactive sales and
marketing software applications that are all designed to
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transform the way that companies engage with
their customers, and our customer base are
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usually very large globe will be to
be companies who have complex solutions. They
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provide complex products, physical products,
digital products, services to those kinds of
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things, and really the motivator for
companies to use these kinds of solutions in
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their sales and marketing activities are that, you know, when you have very
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large, globally distributed multi tiered sales
and marketing channels, they tend to be
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very inconsistent in the effectiveness around telling
their customer stories, their product and solution
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value differentiators. And so what ends
up happening and actually serious reported the number
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one reason that be to be companies
loose sales that they should win is their
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inability to consistently articulate their value differentiators. So that's really the problem that we
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help to address. And the reason
that this is important is because traditional cells,
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are marketing tools like presentations or brochures, tend to be very passive.
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Right, I present to you.
Use that there and listen and it's there's
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no real customer engagement. So what
ends up happening is their audience tends to
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be less likely to remember the key
points because of that engagement, lack of
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engagement in those passive environments. So
the ability to demonstrate complex products and to
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get customers engaged in a digital,
visually interactive way is really critical for B
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tob companies if they're going to create
a consistent, simply effective way for customers
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to understand their real value. Yeah, absolutely. One of the terms that
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you guys talk about a lot publicly
and within your team, Gavin, I
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know, is digital transformation and it
seems like it's been a buzz word for
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a while, both in sales and
marketing on the IT side of the house.
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Tell us a little bit about some
of the trends that you're seeing there
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at specifically as it relates to sales
and marketing, especially with teams being pushed
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to fully remote right now and having
more than a wrench thrown into a lot
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of their sales and marketing plans.
I mean, I think on just a
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recent episode we were talking about the
fact that, you know, marketings editorial
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calendar got thrown out the window.
That was set in polished in everything January
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one. What are some of the
trends you're seeing right now amongst your customers,
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Gavin? Well, that's an interesting
point you made. I think the
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the least useful purchase of two thousand
and nineteen was a two thousand and twenty
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planner, right. So all of
these plans have sort of gone out the
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window, whether it's marketing or sales. I think all of that's been really
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changed in a dramatic and unexpected way. To answer your question about digital transformation,
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I'd like to just define things a
little bit. A lot of people
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think about creating digital assets and digital
processes and they talk about that as digital
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transformation. It's about taking an analog
process and creating a digital version of that
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process, and that's really not digital
transformation. That's what we call digitalization,
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right. So you take an existing
process, you do your forms online and
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you kind of follow the same methodology. Right. That's really what people do
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when they digitize a process, and
actually that has been the predominant theme for
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a long time for people in sales
and marketing, is to take their offline
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processes and documents and assets and just
move them online. Digital transformation is actually
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a very different experience because what we
really doing is you're taking advantage or the
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fact that you have a digital environment
and you're actually updating and changing the way
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you do things because you're now have
this new capability of these different technologies that
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facilitate something new, and I think
that's been a lot harder for organizations to
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really adopt and understand, because the
easy thing to do is to take a
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brochure and make a pdf out of
it, right or to take an event
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and make a video stream out of
that same event, instead of thinking about
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what are the capabilities of this digital
world and how can we make a customer
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experience better? So really, when
you think about what marketers have been doing
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from a digital perspective, it's really
being all about analytics, it's been about
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creating customer data segmentation, it's been
around nurturing campaigns and those kinds of activities.
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The digital marketing stack is what people
have really been calling it. But
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what the part that's really didn't left
off is the customer engagement part, and
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that's really where there's a tremendous opportunity
to transform the way things work. This
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new situation that we're in, this
crisis, as unpleasant as it is,
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and it really is for everybody,
is really an opportunity for us to think
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about how we can actually change the
way we do things because we are physically
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unable to do them the same way
as we were in the pad. Yeah,
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yeah, absolutely. Hey, everybody
logan with sweet fish here. You
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probably already know that we think you
should start a podcast if you haven't already.
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But what if you have and you're
asking these kinds of questions? How
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much has our podcast impacted revenue this
year? How is our sales team actually
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leveraging the PODCAST content? If you
can't answer these questions, you're actually not
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alone. This is why cast it
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teams at drift terminus and here at
sweet fish have started using casted to get
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check out the product in action and
casted dot US growth. That's sea St
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Ed dot US growth. All right, let's get back to the show.
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So you mentioned something they're Gavin I
want to dig into specifically for marketers.
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You mentioned the difference between digitalization and
digital transformation. Kind of okay, this
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is what we do antalog or in
person or in the physical world, and
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here's what we do digitally and just
kind of mapping the same processes. Now
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there's probably some value to trying to
recreate that in person experience, but that
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takes some more thought. And you
mentioned an interesting topic that's come up in
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a lot of conversations, both here
on the podcast and offline, that I'm
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having with be tob marketers, and
that is taking their events and making them
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virtual. Now, if you're just
listening to this I just did, are
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quotes around virtual, because I think
we might be playing fast and loose with
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that a little bit. Gavin,
can you talk to some of the the
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pitfalls that you see we're going virtual, going digital, namely with events where
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we might be missing the marks,
so that listeners here could see some of
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the pitfalls or the potholes in the
road ahead of them and maybe a voidom
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yeah, it's really an interesting subject
because it's had to happen so fast for
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a lot of companies that they hasn't
really been a tremendous amount of planning and
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scenario mapping and those kinds of things
that you normally would do if you were
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going to go change something right,
you would sit down and plan things out.
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So the immediate knee jerk reaction for
events. And if you think about
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a marketing budget, the number one
line item in most be tob companies marketing
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budget is events. Right, it's
trade shows, it's conferences, it's customer
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events, because they typically are the
large single item expense in any quarter or
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in any you know, planning cycle. So two things have happened. One,
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they're not spending those money, that
that budget on the event itself.
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So in one way they saying,
well, we have all this money,
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that's part of our budget. Now
what do we do with it? Unfortunately,
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CEOS have taken care of that pretty
quickly in some rebudgeting. But realistically
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the question is how do we accomplish
the same things or more in a different
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way? So you really have to
think about what is the reason we're having
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this event and then the other part
of that is what is the reason that
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the attendees come to the event?
And I don't think people have been thinking
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about the second question. They've been
thinking about the first thing. So what
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do we want to accomplish at the
event? We want to launch this new
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product that we want to show the
breadth of our solutions. We want to
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do all of those things, and
so the entire focus of what we are
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seeing more than ninety percent of the
companies we're talking to, has been to
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literally take what they we're going to
do at the trade show and make it
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a digital version of the same thing, to the extent, and in some
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cases they are asking us to or
doing in another environment, recreating the booth,
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the physical booths, in a digital
way. Right, so let's create
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this digital version of the booths and
people can walk through the booths ring.
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And we see a number of problems
with this. First of all, the
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reason you have a booth is because
you're in a physical space like a trade
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show hall, and you have a
physically constrained environment. You have twenty by
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forty or even a larger space,
and so you're building that experience, the
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physical experience around those constraints, are
within those constraints. But realistically, if
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you said to somebody that say they
sold equipment for labs or or if they
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were in the in let's say the
IT world, and they would provider of
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data center equipment, what you'd really
want to do is take them into a
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data center or into a hospital or
into a lab. What you're forced to
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do is to take them into a
booth and then you create a pseudo version
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of a lab or a booth or
an experience that somewhat resembles that in the
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booth. Now that we're in the
digital world, what we really should be
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doing is stepping back and saying the
customer really would be better off if they
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experienced lap of the future or a
data center of the future or a factory
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of the future. So let's give
it to them in the digital world instead
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of recreating that limited experience that they
got in the physical world in a web
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experience or even in a live virtual
experience. Let's not limited to that.
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Let's give them the experience. It's
going going to give them the best opportunity
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to understand what value we provide.
Yeah, absolutely. I mean I can
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just think of kind of the maybe
the worst example of doing this wrong would
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be like, Hey, you have
your trade show booth and maybe you have
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this touch screen that has an interactive
you know something, let's say you know
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your sell cybersecurity and it's an interactive
map of your network or something. So
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you recreate the booth so that digitally
they go into the booth to then have
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this digital experience. Just skip it, go to the digital experience and make
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it better, because now you can, you know, push it out to
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all sorts of devices. You're not
limited to the size of the screen in
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your booth. That sort of stuff. Is that kind of what you're getting
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at here, Gavin? That's exactly
right. And you imagine if, instead
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of having to interact with that,
they said an interactive experience about a threat
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profile or some sort of security method
that you were looking at? What if
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you gave them the ability to dive
in as if they were remember those magic
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school bus stories where they would die? This is body and my kids love
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that showed. They're watching the reboot
and the old ones that my wife and
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I used to watch. Yes,
when they go small, right, and
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then they go through the veins of
the human if it's a biology episode,
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or they in this case, maybe
they go through the network cables or,
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you know, through a firewall or
something like that, in as in an
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ID environment, right, and that's
really what we'd like to be able to
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give them, is to say,
let's experience a threat from the perspective of
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that digital threat and also from the
perspective of our firewall system and our security
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of US and really we're constrained to
do that in the physical world, but
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we're not constrained at all in the
digital world. So taking that same budget,
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sometimes it's a little bit more,
sometimes it's even less, and applying
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it to those experiences ends up with
a much more effective customer engagement. Right
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now you've got customers who really are
interactive in the process, they're understanding better
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and they're not limited by that world. So the first mistake I think people
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are making is they're trying to recreate
the physical experience ring. The second mistake
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that they're making is that they're forgetting
that the reason that people come to these
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live events is to engage with other
people. Realistically, you could get the
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same information that you saw at a
trade show. You could get that either
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and a website or in some other
web forum or NESSILF meeting. Absolutely go
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to trade shows and they go to
conferences to have that engagement, to get
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out of the office now, of
course they can't really get out of the
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office now, but to have an
encounter, a discussion that they would not
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otherwise be able to have. So
when you're thinking about recreating your digital experience.
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You need to be thinking about it
from the those two perspectives. How
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can we create the right customer experience
in terms of giving them the information they
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need and experientially taking advantage of the
digital capabilities that we have? And then
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the second part of that is,
how do we get them to come the
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same way that they were motivated to
come when they went to that Mobile World
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Congress or Magnan Association of Clinical Chemistry
or anything that's a big event that draws
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people from their industry, and I
think that once you step back and you
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start thinking that way, two things
happen. The first is you start rushing
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around trying to recreate the event in
a very short period of time because you
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know it's not going to be as
effective, and you give yourself a little
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bit of breathing room and say look, this is going to be here for
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a while. Let's do it right, and you start planning instead of knee
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jerk reaction. Let's throw something up
there. We had an event for May.
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We got to do it in May
and it would end up not being
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very effective. The second thing is
you can then start to take advantage of
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a variety of different digital capabilities.
That might include interactive product demonstrations, it
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might include some live streaming for subject
Meta experts or some industry luminaries, and
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you can create these events in such
a way where it actually is useful for
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the participants to attend the same way
they would in the past. Yeah,
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absolutely. I think it's probably a
whole other conversation talking about how do you
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recreate and facilitate the community and they
the participant interaction, because I've kind of
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felt the same way. I mean
we're a little bit biased because we eat,
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drink, sleep, pid casting all
day long, and so we've kind
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of thought like, Hey, you
could go to this event in Boston,
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you know, but pretty much you
could hear any of those speakers and a
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podcast and save the travel. But
the reason we would go to events is
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literally sometimes we wouldn't even go and
consume the content. It's because we knew
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that a concentrated group of folks that
we wanted to talk to would be there
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and we could set up one on
one or small group, you know,
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interactions, those sorts of things.
So I think as as a marketer or
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event marketer, now turn digital marketer
or wherever you are on that spectrum.
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It's definitely something to think about.
We talked a little bit about some of
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the pitfalls, Gavin. I want
to leave a little bit of time for
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some examples. I know there are
a couple of customers that have done this
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really well that other marketing teams might
be able to learn from, some companies
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that are moving to digital, interactive
experiences that are driving a lot of engagement.
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They're not just replacing the line item
on the budget or the place holder
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for the event calendar. Can you
tell us a couple of quick stories there
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that might elaborate on some things that
other brands are doing well? Absolutely,
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and I think that there's really a
couple of themes to focus on it you're
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thinking about making this transition. One
is it's not just about marketing, it's
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about marketing and sales. So don't
just focus on the marketing event, but
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how do you transform that digital experience
to something that sales people can themselves use,
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even in a smaller venue, because
sales people are experiencing the same thing
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that marketing teams are. They're no
longer able to go and visit their customer.
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The customer doesn't have that conference room
available for them to sit in and
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engage with. So there's an analog
to the marketing event there that sales meeting
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as well, and so the video
conference solution, which everybody is gearing up
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for, is not sufficient. It's
necessary because we have to connect. But
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now that I've got you in the
video conference, now what do I do?
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Do I throw up my powerpoints lines
and walk you through the same thing.
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I think that's a missed opportunity.
Right. So one thing we're training
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our clients to do, and their
sales teams is, when you do have
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that video conference, give them this
digital engagement experience, but you're not the
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one driving. Actually send them the
link, let them drive, share their
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screen and now they're actually doing the
engagement. They're much less likely in that
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form, by the way, to
check their email and to go on facebook
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and do other things because they're actually
focused on doing something as opposed to just
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listening or watching a powerpoint presentation.
So one thing is think about marketing and
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sales as now being much more aligned, both in their constraints but also in
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their opportunities. So a couple of
quick stories. Amazon web services, for
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example, as you know as well, is the leader, one of the
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leaders the entire web infrastructure. It's
no, it's not just on demand services
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but the entire web infrastructure, service
platforms, and they relied a great deal
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on conferences like Mobile World Congress to
create these facetoface engagements. So when that
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conference was canceled, they simply took
the digital engagement experience that they were going
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to deliver there and they transformed everything
about the way they touched customers to deliver
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that same engagement. And so it
went straight into sales, it went into
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the web experience and immediately what happened
is not only were they able to engage
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with a lot of people who didn't
have access to that show, weren't able
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to go to the show, but
they were able to get to those same
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people with the same message and the
same experience. And, as you said,
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it's not just touching a screen,
it's actually a deep dive, being
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able to traverse different network apologies and
understand value and instead of just talking about
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products and features, it's talking about
real value. And so each customer gets
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their own experience. They do it
in their own engagement and they doing it
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both live on a website, the
Amazon services websers website, but also in
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sales meetings and they've just taken this
platform and they've turned it into something that's
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now become a common, very effective
way of creating that high level of customer
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engagement. The other example that comes
to mind, as there's actually two central
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link, is one where they created
a virtual reality experience. That was for
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trade shows and now I have delivered
this virtual reality experience in a web environment
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where people can actually use their web
browsers to traverse and that's not the same
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as having anymmosive hit set on,
but it gives the same information in a
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very engaging and emotionally connective way,
and they're able to do the same sorts
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of things now in sales meetings and
on their website, and that's also transformed
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the way they think about customer engagement. It's no longer about geetting somebody physically
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in one place to do something.
It's about getting them in their place to
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do what's valuable and informative for them
and then to share that experience. And
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juniper networks had exactly the same experience
where they had a very specific booth set
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up that they had created and were
able to transform that very quickly into a
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sales experience in an online marketing experience
by providing that clear interactive capability and,
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as you said, skipping the step
ups having somebody go to a virtual booth.
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That driving right into the experience.
And then the last one that I
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think is is relevant is fimofficial scientific, which has been using interactive experiences to
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help transform the sales process from instead
of saying we have a the best product,
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what they've really said is we have
the best set of solutions and we're
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the best partner for you, and
they're using a suite of interactive solutions to
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explain that. And now that they've
gone entirely digital, because all of their
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customers are, you know, basically, you know, working from home and
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remote, they were abled to train
their insight entire sales team to use these
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tools interactively in that mode that we
just talked about, where they're giving the
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customer control, and their productivity has
actually increased during this time. Well,
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those team has been able to be
effective in their sales engagements. They've their
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sales velocities increased and the customers have
reported back to them that they're having a
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much better experience now that they're not
rushed in the lab to have five minutes
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with a sales trip. They have
this hour and they're engaging and they're doing
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the engagement themselves. So it's some
very powerful messages there about transformation, not
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just doing the same thing digitally.
But really don't coming back to the that
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first distinction that you gave for us, Gavin, I think that really brings
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it full circle and I appreciate you
sharing, you know, those specific examples
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because and that just that strategic part
about enabling salespeople with a digital experience to
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deliver to their customer. But not, Hey, and now we got to
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train you how to walk through this, just like we would do a product
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demo. Right. That that small
change of okay, Mr and Mrs Customer,
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Here's the link. It's in the
chat. All right, take over.
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Can you share your screen? All
Right, I'm going to back seat
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drive here or just kind of sit
back and and it's really going to be
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interesting to see how this shift in
the folks that really do take hold of
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some of the new opportunities, how
maybe that becomes the new normal. I
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know we're probably already tired of hearing
the new normal in all sorts of context,
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but I think it applies here Gavin, this has been a really great
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conversation for anyone who's interested, especially
on the sales side. Just earlier this
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week we did an episode with Russell
were with over at show pad about empowering
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remote sellers who are more used to
field sales, going to events those sorts
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of things. Will Link to that
in the show notes. Gavin, this
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has been a fantastic conversation. If
anybody listening to this would like to stay
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connected with you or reach out to
you or anyone else on the Ke on
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interactive team, what's the best way
for them to take next steps here now?
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Website is wwwk oncom, Kao ncom, and they can always just send
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00:23:04.630 --> 00:23:08.710
me an email at chief in at
Koncom and be happy to talk to anybody
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about what's happening in the industry.
Awesome. Well, I appreciate both the
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context at a high level and then
breaking down some very specific examples. I
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think that gives a lot of sales
and marketing teams out there some things to
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think about. So really appreciate you
adding value for listeners today. Gavin.
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Thank you so much. It's been
such a pleasure. Logan, thanks again.
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00:23:30.609 --> 00:23:33.809
I hate it when podcasts incessantly ask
their listeners for reviews, but I
323
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get why they do it, because
reviews are enormously helpful when you're trying to
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grow a podcast audience. So here's
what we decided to do. If you
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leave a review for me to be
growth and apple podcasts and email me a
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screenshot of the review to James at
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signed copy of my new book,
content based networking, how to instantly connect
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with anyone you want to know.
We get a review, you get a
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free book. We both win.