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Jan. 10, 2020

#ABM 10: The 5 “Thou Shalt Nots" of ABM w/ Russell Banzon

Do you ever feel like everybody else in the game has ABM figured out? Like everybody else just seems to get it, and no matter how you try to sell it or what you try to do, it just doesn’t seem to work for your organization? Here’s a secret: 90% of...

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B2B Growth

Do you ever feel like everybody else in the game has ABM figured out?

Like everybody else just seems to get it, and no matter how you try to sell it or what you try to do, it just doesn’t seem to work for your organization?

Here’s a secret:

90% of the market hasn’t figured it out yet either.

On a recent episode of the B2B Growth Show, Russell Banzon sat down with us and talked about:

  • The 3 things you need to run ABM well
  • The 5 “Thou Shalt Nots” of ABM
  • Why too many companies are relying too much on technology and automation.

You can find this interview, and many more, by subscribing to the B2B Growth Show on Apple Podcasts.

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Transcript
WEBVTT 1 00:00:00.080 --> 00:00:05.440 People receive hundreds of digital messages a day, from push notifications to emails. 2 00:00:05.879 --> 00:00:10.710 So how do you engage your top prospects and stand out? By sending personalized 3 00:00:10.750 --> 00:00:15.310 gifts the old fashioned way. With Sindoso, soandso helps you use gift giving 4 00:00:15.429 --> 00:00:20.190 and direct mail throughout your customer life cycle, from lead generation to converting customers 5 00:00:20.230 --> 00:00:25.820 into brand advocates, from sourcing to sending and centralizing the direct mail and gifting 6 00:00:25.940 --> 00:00:29.940 process. San Doso helps you scale your gift giving, stand out and keeping 7 00:00:30.019 --> 00:00:38.729 your brand top of mine visits and DOSOCOM to learn more. You're listening to 8 00:00:38.850 --> 00:00:43.649 be tob growth, a daily podcast for B TOB leaders. We've interviewed names 9 00:00:43.689 --> 00:00:47.329 you've probably heard before, like Gary Vannerd truck and Simon Senek, but you've 10 00:00:47.409 --> 00:00:51.479 probably never heard from the majority of our guests. That's because the bulk of 11 00:00:51.560 --> 00:00:56.079 our interviews aren't with professional speakers and authors. Most of our guests are in 12 00:00:56.159 --> 00:01:00.799 the trenches, leading sales and marketing teams. They're implementing strategy, they're experimenting 13 00:01:00.840 --> 00:01:04.430 with tactics, they're building the fastest growing BB companies in the world. My 14 00:01:04.469 --> 00:01:07.829 name is James Carberry. I'm the founder of sweet fish media, a podcast 15 00:01:07.870 --> 00:01:11.390 agency for BB brands, and I'm also one of the cohosts of this show. 16 00:01:12.069 --> 00:01:15.750 When we're not interviewing sales and marketing leaders, you'll hear stories from behind 17 00:01:15.790 --> 00:01:19.060 the scenes of our own business. Will share the ups and downs of our 18 00:01:19.099 --> 00:01:25.140 journey as we attempt to take over the world. Just getting well, maybe 19 00:01:25.739 --> 00:01:34.129 let's get into the show. Welcome back to the ABM series on the BB 20 00:01:34.290 --> 00:01:37.810 grows show. I'm your cohost, Dan Frownin, and I'm lucky enough to 21 00:01:37.849 --> 00:01:41.849 be the CMO here at Sindoh so here today with Russell Banson, and he's 22 00:01:41.890 --> 00:01:45.650 the director of demand generation gone. How you doing, Russell? I'm good 23 00:01:45.730 --> 00:01:48.280 man. How are you doing? Really well, man. It's a beautiful 24 00:01:48.439 --> 00:01:53.319 cloudy day here in San Francisco and having a good conversation with you with love 25 00:01:53.719 --> 00:01:56.239 for you to tell us a little bit about gone. You guys are crushing 26 00:01:56.280 --> 00:01:59.920 it in the market right now and really want to give the listeners here an 27 00:01:59.959 --> 00:02:02.549 opportunity to hear directly from you on what you guys are up to and what 28 00:02:02.670 --> 00:02:07.150 you do. Yeah, sure, it's been a fantastic here for Gong. 29 00:02:07.349 --> 00:02:13.750 For those who aren't familiar, Gong is a revenue intelligence platform that enables teams 30 00:02:13.870 --> 00:02:17.419 to operate based on reality and not on opinions. And ultimately, what it 31 00:02:17.580 --> 00:02:22.620 means for for customers like ours, for like like Sandosa, for example, 32 00:02:23.259 --> 00:02:27.020 is that it's the answer to their million dollar questions. And what I mean 33 00:02:27.060 --> 00:02:30.129 by million dollar questions is what separates the top wraps from the rest of the 34 00:02:30.250 --> 00:02:35.490 pack? What competitors are creeping out in the market? How do I enable 35 00:02:35.530 --> 00:02:39.449 a strategy and deploy across my entire Revenue Organization? Those are the type two 36 00:02:39.449 --> 00:02:43.610 questions that were answering for a lot of our customers. Awesome. Yeah, 37 00:02:43.689 --> 00:02:47.199 no, we're huge fans of going and use it a lot. So really 38 00:02:47.240 --> 00:02:50.919 happy to have you here and give you the opportunity to be on the show. 39 00:02:51.039 --> 00:02:53.240 So we are going to be talking a BM today. What I like 40 00:02:53.400 --> 00:02:58.949 to do on podcast like this is actually start the conversation with with your story, 41 00:02:59.030 --> 00:03:00.509 your rear store, what got you to where you are, and and 42 00:03:00.990 --> 00:03:06.509 then we can dive into what your radium journeys will look cold. Sounds good. 43 00:03:06.990 --> 00:03:10.349 So my background is again, I'm are the director at demand generation. 44 00:03:10.430 --> 00:03:15.180 I'm gone where I started. My face, my journey starts is that I 45 00:03:15.340 --> 00:03:20.219 was a bay area guy born in rays, except for three years where I 46 00:03:20.219 --> 00:03:24.740 loved in the Philippines. I started my career actually at more instant and in 47 00:03:25.300 --> 00:03:30.330 the finance area. I figured out very, very quickly, and if you 48 00:03:30.449 --> 00:03:35.129 have ever had experience in that area, you know that you'll figure it out 49 00:03:35.129 --> 00:03:38.650 quickly if it's for you or not for you. I was one who it 50 00:03:38.889 --> 00:03:42.960 was not for one. I didn't like wearing the suits every single day. 51 00:03:43.479 --> 00:03:46.439 I'm too, it's just it wasn't the right environment for me, although it 52 00:03:46.520 --> 00:03:50.719 is for many, many people. Shortly thereafter I started my career in check 53 00:03:50.800 --> 00:03:53.000 at an adapt as, where I joined as an str so I joined as 54 00:03:53.039 --> 00:03:58.469 a part of the scales organization and then quickly moved over to marketing. I 55 00:03:58.669 --> 00:04:02.909 was very, very lucky enough to be a part of two UNICORNS and now, 56 00:04:03.789 --> 00:04:08.150 a couple of years later, now running to man Jina and go right 57 00:04:08.229 --> 00:04:11.939 on. Yeah, so had the opportunity to work with you, AD Aptis. 58 00:04:11.939 --> 00:04:13.819 So I think that was a magical time for a lot of us. 59 00:04:13.860 --> 00:04:18.540 We had this amazing marketing team that re Upper Galina would built. She really 60 00:04:18.660 --> 00:04:23.939 helped, almost in a way, to find account based marketing and brought in 61 00:04:24.019 --> 00:04:26.410 some of the early tools that we were using, and I think a really 62 00:04:26.610 --> 00:04:31.889 cool launching point for for this conversation today is, since you've seen it from 63 00:04:32.009 --> 00:04:36.050 the ground up at Aptis and then throughout the amazing career that you developed for 64 00:04:36.170 --> 00:04:40.920 yourself, is where do you even start with an APM program and such a 65 00:04:41.079 --> 00:04:45.240 broad term? There's so many pieces of technology that can be applied to it. 66 00:04:46.040 --> 00:04:49.560 So I get asked this questioning a lot and for those of you listening 67 00:04:49.639 --> 00:04:56.189 at home who are getting started on this journey, be rest assured that ninety 68 00:04:56.269 --> 00:05:00.990 percent of the market hasn't figured it out yet. And so if you're like, 69 00:05:00.069 --> 00:05:03.389 I don't know where to start, I'm really, really worried. It 70 00:05:03.910 --> 00:05:08.699 seems like everybody's got to figured it out. Nobody hasn't figured out yet, 71 00:05:08.939 --> 00:05:12.500 and I find that fascinating that you've mentioned that, because I was on a 72 00:05:12.579 --> 00:05:16.899 panel with a couple people at growth marketing conference last week and we asked by 73 00:05:16.899 --> 00:05:20.930 a show at hands, like where are you within your APM maturity, beginner, 74 00:05:21.129 --> 00:05:26.170 intermediate or advanced? I'd say ninety five percent of the rooms at ninety 75 00:05:26.370 --> 00:05:30.170 said we're beginner, one person said intermediate and then the only person who said 76 00:05:30.170 --> 00:05:35.319 advanced was an abm but it's nice to not only validate that from you, 77 00:05:35.439 --> 00:05:39.480 but also from a room full of marketers are trying to figure the stuff out. 78 00:05:39.680 --> 00:05:42.560 The other awesome thing about it is if that you ask them in a 79 00:05:42.639 --> 00:05:46.000 room not filled with marketers who are facing the exact same problems, you ask 80 00:05:46.040 --> 00:05:49.230 them as as you were walking down the street, a bunch of people would 81 00:05:49.230 --> 00:05:53.790 say yes, I totally haven't figured it out, like I know it beam 82 00:05:53.870 --> 00:05:56.990 like the back of my hand. We got it all solved. But going 83 00:05:57.029 --> 00:06:00.790 back to the original question, where do you start? It really does start, 84 00:06:00.910 --> 00:06:03.980 and it's kind of a trite statement to say honestly, but it really 85 00:06:04.019 --> 00:06:09.459 does start with sales and marketing alignement and it's so, so crucial. Like 86 00:06:09.579 --> 00:06:14.980 that is the foundation of building an account based program. I'll say account based, 87 00:06:15.180 --> 00:06:17.139 not just marketing, but account be sales as well. That is really 88 00:06:17.180 --> 00:06:21.889 at its core. I think having somebody in the marketing organization who gets that 89 00:06:23.089 --> 00:06:28.209 and knows how to work really well with sales is a crucial part of getting 90 00:06:28.250 --> 00:06:31.529 your ABM's program kick started. A friend of mine, Chap He, was 91 00:06:31.649 --> 00:06:36.279 like you work really, really well with sales, which enables us to have 92 00:06:36.399 --> 00:06:42.399 a program like ABM, because you have a lot of sales empathy and you 93 00:06:42.560 --> 00:06:46.879 need to have both sales empathy and marketing empathy on both sides to to really 94 00:06:46.040 --> 00:06:49.990 get a program started. The next piece there, once you have that really 95 00:06:50.069 --> 00:06:56.949 strong alignment with the Revenue Organization, is coming to a mutual understanding around what 96 00:06:57.149 --> 00:07:01.500 is the target list of accounts? What's the ICP or ideal customer profile that 97 00:07:01.579 --> 00:07:04.860 you want to go after or the personas that we want to go after? 98 00:07:05.379 --> 00:07:10.180 So that way you can come together. This isn't just marketing generated, but 99 00:07:10.300 --> 00:07:15.100 you can come together and agree upon a set list of our accounts, depending 100 00:07:15.139 --> 00:07:18.209 on how big your ACV is, that maybe a hundred accounts and maybe a 101 00:07:18.290 --> 00:07:24.089 thousand accounts, maybe thirtyzero accounts, but nonetheless you have to have some solid 102 00:07:24.089 --> 00:07:28.250 agreement on around what the ICP and Tart accountist looks like. From there it's 103 00:07:28.250 --> 00:07:30.199 pretty so able, and I don't mean it trivialize it, but it is 104 00:07:30.319 --> 00:07:35.040 pretty simple and that you just start with a POC justin color. Over at 105 00:07:35.079 --> 00:07:40.120 Sikes t talks about this a lot. But you can start with a program 106 00:07:40.240 --> 00:07:44.079 that's just one to one to prove out the value. Don't go and try 107 00:07:44.240 --> 00:07:47.629 and tackle every single thing underneath the sun. And do you know, website 108 00:07:47.670 --> 00:07:55.310 personalization with custom case studies, custom content assets, custom account based advertising. 109 00:07:55.430 --> 00:07:59.939 Don't try and boil the ocean. Start with a small set. Maybe it's 110 00:07:59.939 --> 00:08:03.019 a one to one, maybe it's someone a few, but get that POSC 111 00:08:03.180 --> 00:08:05.740 out there so that way you can start proving the value to your leadership team 112 00:08:05.779 --> 00:08:11.139 and really make ab I'm a part of your core through, you know, 113 00:08:11.339 --> 00:08:15.050 proving the the proof in the playing as they would say. That's that's great. 114 00:08:15.089 --> 00:08:18.529 I think I love the the sales empathy in the marketing empathy because I 115 00:08:18.569 --> 00:08:22.930 think the more we understand each other's jobs and understand that neither side of the 116 00:08:22.970 --> 00:08:26.009 House has an easy button thinks, the better off everyone's going to be. 117 00:08:26.610 --> 00:08:30.160 And one thing that that we were iterating, and here it said those so 118 00:08:30.279 --> 00:08:35.159 recently, is the idea of almost building to a champion sort of relationship with 119 00:08:35.440 --> 00:08:39.440 the sales and SDRs where you know someone's doing wonder one really well, like 120 00:08:39.600 --> 00:08:43.830 make them your champion and have them start to teach the rest of the organization 121 00:08:43.990 --> 00:08:46.350 on how to do it as well, to get that adoption to be a 122 00:08:46.389 --> 00:08:50.590 little bit more organic than marketing telling sales to do something or vice at versa. 123 00:08:50.789 --> 00:08:54.629 Sot of totally love these tips and I think the you know, you've 124 00:08:54.669 --> 00:08:56.379 given us a lot of actionable things on how we can get it up and 125 00:08:56.419 --> 00:09:00.940 running, but I'm sure you've learned a few things on what you should not 126 00:09:01.059 --> 00:09:03.700 do. So I've loved to get the listeners here a little bit of perspective 127 00:09:03.779 --> 00:09:07.139 on that as well. Yeah, I was figuring out I could rattle off 128 00:09:07.259 --> 00:09:11.529 a large number of things of what not to do for you know, for 129 00:09:11.649 --> 00:09:15.129 anybody who I've worked with in the past. Pardon me on this, but 130 00:09:15.289 --> 00:09:18.769 I've wasted a lot of time, effort in dollars and figuring out what not 131 00:09:18.929 --> 00:09:22.490 to do along the way. So I've been fortunate to have that experience and 132 00:09:22.850 --> 00:09:26.519 in trying to figure out the best way to kind of like simplify it, 133 00:09:26.559 --> 00:09:28.080 I came up with, as I was walking over here, like the five 134 00:09:28.200 --> 00:09:31.679 commandments of what not to do. Meybm, I love that. So here's 135 00:09:31.720 --> 00:09:37.720 the Five Commandments. One is I shall not use tech as the solution, 136 00:09:37.360 --> 00:09:41.710 and I emphasize the wrong word there, but it's the solution. A lot 137 00:09:41.830 --> 00:09:46.070 of times marketers will say, Hey, I'm tick starting my ABM program it's 138 00:09:46.149 --> 00:09:48.590 time to go by it's time to go buy a solution out there in the 139 00:09:48.669 --> 00:09:54.580 market and you know, as great as solutions like six cents are and demand 140 00:09:54.659 --> 00:10:00.379 base for optimizedly, the list goes on, it's not going to be the 141 00:10:00.700 --> 00:10:03.740 solution for you and, candidly, shouldn't be the starting place. It's not, 142 00:10:05.139 --> 00:10:07.809 you know, it's not a replica to drive sales and marketing alignment and 143 00:10:07.929 --> 00:10:13.490 things like that. The second one is the second commandment is I shall not 144 00:10:13.769 --> 00:10:18.809 freeze that only one channel is ABM, and so I get a lot of 145 00:10:18.929 --> 00:10:22.080 questions around like what programs are like? How do you do ABM? It 146 00:10:22.159 --> 00:10:26.080 feels like ABM's just direct mail. Right. It's not just direct mail, 147 00:10:26.480 --> 00:10:31.399 it's not just account based advertising, it's not just what personalization. It's a 148 00:10:31.519 --> 00:10:37.190 holistic strategy that you need to employ across your sales and marketing organizations. The 149 00:10:37.429 --> 00:10:43.070 third commandment in the five commandments what not to do in Avm is I shall 150 00:10:43.230 --> 00:10:48.549 not run ABM as a silo in my organization. Another thing that happens a 151 00:10:48.590 --> 00:10:54.460 lot of times with folks starting in ABM program is that they'll assign one person. 152 00:10:54.620 --> 00:10:58.019 A lot of times it's somebody in demand generation and say hey, go 153 00:10:58.460 --> 00:11:03.700 kit start our ABM program whatever that means right, and that person will go 154 00:11:03.940 --> 00:11:07.250 and they'll try to do it on their own. They won't work with their 155 00:11:07.250 --> 00:11:11.610 sales team and again come to consensus around the list of part accounts they work. 156 00:11:11.690 --> 00:11:16.409 Won't work with their strs on maybe it's custom outreach sequences in order to 157 00:11:16.490 --> 00:11:18.440 really start to penetrate these accounts and things like that. They'll do it in 158 00:11:18.559 --> 00:11:24.720 a silo and that's no, that's no recipe for success. You need to 159 00:11:24.799 --> 00:11:28.039 add and do this thing together. The fourth one is, I shall not 160 00:11:28.360 --> 00:11:33.149 over automy drift. I think a lot about a lot about this. With 161 00:11:33.669 --> 00:11:37.750 with drift, they came out with a book called this won't scale and it's 162 00:11:37.830 --> 00:11:46.269 basically a book of things that they did to be really, really successful as 163 00:11:46.309 --> 00:11:52.500 an organization that theoretically don't scale right and a lot of times marketers will over 164 00:11:52.700 --> 00:11:56.179 index onto things that will scale and do a lot of automation. The gap 165 00:11:56.379 --> 00:12:03.330 this care rates over time is the personalized approach to account based marketing or account 166 00:12:03.330 --> 00:12:09.330 based sales. That creates raving fans and creating raving fans. It's gongs number 167 00:12:09.330 --> 00:12:13.610 one operating principle. It's the best thing that you can do for your organization, 168 00:12:13.289 --> 00:12:18.320 because if you create raving fans in the marketing and sales process, you 169 00:12:18.480 --> 00:12:22.360 create raving fans in your customer success and support organizations, those are going to 170 00:12:22.399 --> 00:12:26.559 be the customers that renew time and time again, that leaves their organization and 171 00:12:26.799 --> 00:12:31.029 go and purchase you again and another organization and etc. Etc. It's all 172 00:12:31.110 --> 00:12:35.830 the things that make account these marketing and sales really really worthwhile, right, 173 00:12:37.269 --> 00:12:41.029 is those types of raving fan experiences. So again, don't over automate. 174 00:12:41.269 --> 00:12:43.980 There's a number of really cool things that you can do with a technology that 175 00:12:45.019 --> 00:12:48.299 exists in the world, but don't over index on that side. Now the 176 00:12:48.379 --> 00:12:52.700 last one is I shall not stop evolving, and this is kind of what 177 00:12:52.779 --> 00:12:58.370 I mean. Is Account Beas marketing has been around for I would say about 178 00:12:58.370 --> 00:13:03.129 a decade. Became really popular probably in two thousand and twelve, is two 179 00:13:03.129 --> 00:13:07.690 thousand and fourteen ish, so about five years ago, and it's really candidly 180 00:13:07.809 --> 00:13:11.919 still in its infancy. There's still a number of different things, whether it 181 00:13:13.080 --> 00:13:16.879 be tech programs processes, that are still being developed, and so by no 182 00:13:18.039 --> 00:13:20.679 means, even though you're ten years in and you think that you've got it 183 00:13:20.759 --> 00:13:24.159 all, figure it out. You probably don't, and it's important to keep 184 00:13:24.240 --> 00:13:28.789 that learning mindset. As Charlie longer would say, ide a learning machine, 185 00:13:28.429 --> 00:13:33.110 and that's how you'll continue to cut through the noise. I mean ATM was 186 00:13:33.149 --> 00:13:39.549 invented because broad based marketing wasn't getting a job in any and so in order 187 00:13:39.549 --> 00:13:41.940 to cut through the noise, you got to continue to evolve, continue to 188 00:13:41.019 --> 00:13:45.700 push yourself and be creative in terms of how do you cut through that noise. 189 00:13:46.019 --> 00:13:48.220 These are amazing. I think I'm going to take these five commandments and 190 00:13:48.259 --> 00:13:52.820 I'm going to take them on my wall and the rest of my team's wall, 191 00:13:52.100 --> 00:13:58.330 and I think it's super fascinating that that Multi Channel and integrated marketing fundamentals 192 00:13:58.370 --> 00:14:01.129 are coming back in. I think for quite a while people of rely on 193 00:14:01.210 --> 00:14:05.929 technology to start doing that for us, but it's up to us as marketing 194 00:14:07.169 --> 00:14:11.720 tacticians to really to really go and really map out and look at what a 195 00:14:11.759 --> 00:14:16.080 journey looks like in what needs to be there at any one moment in time 196 00:14:16.159 --> 00:14:20.320 right and I think this whole notion of that you should never stop evolving is 197 00:14:20.399 --> 00:14:24.990 just so amazing. I think it's incoming upon marketers to keep pushing the envelope 198 00:14:24.990 --> 00:14:26.990 and to wake up every morning and say I'm only as good as my last 199 00:14:26.990 --> 00:14:31.230 day when I'm I doing today. Yeah, so I hope the world adopts 200 00:14:31.269 --> 00:14:33.269 these. You heard him here first. Guys, I think the next thing 201 00:14:33.350 --> 00:14:37.950 that would be amazing to unpack with you would be, you know, having 202 00:14:37.070 --> 00:14:41.220 taken these learnings of what to do and what not to do and apply it 203 00:14:41.340 --> 00:14:45.379 to what you're doing today. Gong, you guys have been doing a lot 204 00:14:45.419 --> 00:14:48.740 of really cool things. I hear about them constantly on social media. I 205 00:14:48.820 --> 00:14:52.490 think you guys are winning some awards at some point as well. So just 206 00:14:52.570 --> 00:14:56.730 tell me about it. Yeah, sure, absolutely. I'll call we out 207 00:14:56.809 --> 00:15:01.730 best with my SA farmer statement before I continue on in this conversation, is 208 00:15:01.809 --> 00:15:07.600 that we are definitely I'm definitely one of those workers in that room that you 209 00:15:07.720 --> 00:15:09.080 talked about earlier that would raise your hand and say, Hey, this is 210 00:15:09.320 --> 00:15:13.360 still the beginning for us, and by no means how we figured it out. 211 00:15:13.480 --> 00:15:16.960 I think we've figured out a few things along the way that I think 212 00:15:16.000 --> 00:15:20.159 are interesting to share, and the framework that I like to talk about it, 213 00:15:20.279 --> 00:15:26.230 then, is that our avian programs is multifaceted and it's it is really 214 00:15:26.350 --> 00:15:28.429 we do the one to one, we do the one a few and we 215 00:15:28.509 --> 00:15:33.149 also do the one of many. Again, it's started with the core base 216 00:15:33.269 --> 00:15:37.820 of target accounts that we want to go after that strs and sales all degrees 217 00:15:37.860 --> 00:15:43.059 upon with the marketing organization, and then I'll talk briefly about the one to 218 00:15:43.220 --> 00:15:46.740 one. What we've done on that side and what I've really done over time 219 00:15:46.940 --> 00:15:50.730 is over indexed on the partnership with the SDR team. I don't know if 220 00:15:50.769 --> 00:15:54.409 it's the fact that I used to manage SDRs, are used to be this 221 00:15:54.649 --> 00:15:58.289 and SDR myself, but I see them as kind of the lynchpin in making 222 00:15:58.490 --> 00:16:03.399 especially one to one work really well, and a few examples of that that 223 00:16:03.679 --> 00:16:11.559 we've gone after today is every every hopefully every salesperson and str has their list 224 00:16:11.600 --> 00:16:14.720 of top ten or top fifteen accounts that they really want to break into. 225 00:16:15.039 --> 00:16:18.350 That's a part of their go to market strategy to hit their number in in 226 00:16:18.629 --> 00:16:23.230 the month right and what we'll have them do is be almost like many marketers 227 00:16:23.629 --> 00:16:27.549 and will enable them with things like their own on a budget in order to 228 00:16:27.629 --> 00:16:33.980 go after and figure out different prospecting plays to break into different accounts. One 229 00:16:33.059 --> 00:16:37.659 very tangible example that we had was we had this gal nickel that she's an 230 00:16:37.740 --> 00:16:41.980 sc she's a strategic sv on her team at Gonge. She read about she 231 00:16:42.299 --> 00:16:45.899 had a target account. It was experience and she read about one of her 232 00:16:45.980 --> 00:16:51.490 prospects. Her name was Robin Norris. She's at svp of sales effectiveness over 233 00:16:51.570 --> 00:16:56.409 at experience. She wrote about on her linkedin that the size of a home 234 00:16:56.529 --> 00:17:00.960 plate doesn't change despite what level you're at in baseball. I have no clue 235 00:17:02.000 --> 00:17:04.960 how she tied a to sales or sales effectiveness candidly, but that's what she 236 00:17:06.039 --> 00:17:10.599 wrote about. And Nikola was like, Hey, here's my target account and 237 00:17:11.119 --> 00:17:14.759 this is the target persona that we really need to get after. What can 238 00:17:14.799 --> 00:17:18.710 I do on a one to one level to create a raving fan out of 239 00:17:18.750 --> 00:17:22.829 Robin Norris? And so what she did was she sent her a home plate. 240 00:17:22.109 --> 00:17:26.549 It was a big box that arrived on her desk and it was a 241 00:17:26.630 --> 00:17:29.789 one to one program like literally not only one, the one with the account 242 00:17:29.789 --> 00:17:33.859 of one, one person, as a person level targeting and program created just 243 00:17:33.980 --> 00:17:37.619 for her. It was a home plate sent with a handwritten out that ties, 244 00:17:38.299 --> 00:17:41.220 you know, the home plate and piece that she wrote about so what 245 00:17:41.380 --> 00:17:47.130 we do over at Gong and that was massively impactful. She posted on social 246 00:17:47.210 --> 00:17:52.210 media, she tagged her CEO, she tagged her curl and going we hold 247 00:17:52.450 --> 00:17:56.250 a few months later. Experience was a close one customer for us. So 248 00:17:56.369 --> 00:18:00.400 that one to one level worse, really, really well and again creating those 249 00:18:00.400 --> 00:18:03.880 rating pans. That's amazing. I think there's a lot of talk around, 250 00:18:03.599 --> 00:18:06.519 you know, one to one, one too few, one too many, 251 00:18:06.599 --> 00:18:08.880 and when you get to one to one, or there any easy ways to 252 00:18:10.599 --> 00:18:14.390 kind of I think as marketers and sellers, were always trying to hack the 253 00:18:14.430 --> 00:18:18.309 process to make it as fast as possible. But that's just a clear example 254 00:18:18.430 --> 00:18:25.910 of really smart str knowing who her audiences and spending five minutes learning that a 255 00:18:26.029 --> 00:18:29.819 central theme in a story is a home playton and winning right. Do you 256 00:18:29.900 --> 00:18:36.460 have any guidance for the listeners on how much time to dedicate to doing some 257 00:18:36.539 --> 00:18:40.180 of this wonder one research so that so that people can win at scale that 258 00:18:40.259 --> 00:18:44.450 way? Totally, totally. Like I mentioned earlier, there's always that set 259 00:18:44.569 --> 00:18:48.089 of accounts that you know is going to be if we were to close this 260 00:18:48.250 --> 00:18:52.730 customer is going to be a great reference for us and is likely going to 261 00:18:52.769 --> 00:18:56.720 be double our normal asp, and that's like they're less of top ten accounts 262 00:18:56.799 --> 00:19:00.839 that they need to go after every single month. And so how much should 263 00:19:00.880 --> 00:19:06.720 you spend, like, how much time should you spend doing personalized level outreach 264 00:19:06.799 --> 00:19:11.230 to these folks? is almost a hundred percent of your time because it's tied 265 00:19:11.309 --> 00:19:15.309 into your everyday efforts of doing account based sales. That's the whole reason why 266 00:19:15.390 --> 00:19:19.309 we do account of the sales. Yes, we do have an inbound SCR 267 00:19:19.390 --> 00:19:25.019 team and we do have processes to route those things to account executives if to 268 00:19:25.140 --> 00:19:29.500 work on. But how much you be spending on creating those personalized experience for 269 00:19:29.500 --> 00:19:33.619 your talk list of accounts? Almost all your time from an outbound perspective. 270 00:19:33.619 --> 00:19:38.809 Yeah, that's really amazing. Think I'd love to drop into a little bit 271 00:19:38.849 --> 00:19:41.609 more of the topic around one to one, one too few and one dimnion 272 00:19:41.849 --> 00:19:47.450 and from your perspective, maybe take me through how you think they're the same, 273 00:19:47.609 --> 00:19:52.960 how they're different in in any myths that you think might exist that ABM 274 00:19:52.200 --> 00:19:57.039 has to be won, the one to qualify for like this magic ABM designation. 275 00:19:57.319 --> 00:20:03.160 Yeah, mythbusters, alert. ABM does not need to be one to 276 00:20:03.319 --> 00:20:07.150 one. You're going to hear people. Yes, one hundred percent does not 277 00:20:07.430 --> 00:20:11.349 only need to be one to one. It can be one of one. 278 00:20:11.869 --> 00:20:17.269 And if you have a very large enterprise sale where you're talking about six or 279 00:20:17.390 --> 00:20:22.779 seven figures, Arre for certain customers, one to one, one one may 280 00:20:22.819 --> 00:20:26.380 be the right strategy for you, but it's not the only strategy with ABM 281 00:20:26.779 --> 00:20:32.220 and you don't have to go again full blore and create a custom custom sales 282 00:20:32.299 --> 00:20:37.690 deck coupled with a custom me, but coupled with that one to one direct 283 00:20:37.769 --> 00:20:41.250 mail package that you may have. You don't need to only do that. 284 00:20:41.490 --> 00:20:45.769 And so, for example, like a gong, we also have programs that 285 00:20:45.890 --> 00:20:49.440 we run between one a few and one one too many. So from like, 286 00:20:49.640 --> 00:20:52.240 you know, the tens of accounts, so maybe the hundreds of accounts 287 00:20:52.240 --> 00:20:56.480 as what will run plays like this for, and I'll give it o their 288 00:20:56.519 --> 00:21:00.920 example. That's that's even specifically direct mail focus. And now on is what 289 00:21:02.000 --> 00:21:04.789 I like to call the mini gonge campaign. We came up with this campaign 290 00:21:04.910 --> 00:21:11.910 to send to a couple hundred target accounts and we've probably sent around five hundred 291 00:21:11.990 --> 00:21:15.750 of these over time, where we package up a Minigong Nice hand written no, 292 00:21:17.390 --> 00:21:19.180 will send it out to the to the prospect WHO's light. He's likely 293 00:21:19.220 --> 00:21:25.140 a director of sales or VP of sales, somebody WHO's overseeing a sales team 294 00:21:25.180 --> 00:21:29.460 and has direct line of site on to WHO's doing really well and that sales 295 00:21:29.460 --> 00:21:33.089 organization and who is right. And usually that's that's the people managers and what 296 00:21:33.250 --> 00:21:36.849 we sent them. And that again, that's an example of a one mini 297 00:21:36.930 --> 00:21:40.930 campaign. Is We know that the pain point that a lot of these folks 298 00:21:40.970 --> 00:21:45.289 have is I need to figure out what the Heck Sally is doing as my 299 00:21:45.450 --> 00:21:52.079 top performer and replicate that across my entire organization. And so we sent these 300 00:21:52.079 --> 00:21:56.920 folks a Minigong just to get the conversation started. And it doesn't have any 301 00:21:56.079 --> 00:22:00.119 CTA in it. I get a lot of pushback on this from a number 302 00:22:00.119 --> 00:22:03.829 of different markers, but there's no CTA in the box. It's not go 303 00:22:03.950 --> 00:22:08.109 visit this web page and requested them. Well, it's not even email me 304 00:22:08.269 --> 00:22:14.710 back and schedule fifteen minutes on the calendar. Another mythbuster alert when you close 305 00:22:14.750 --> 00:22:18.019 out of your emails with when does this week work for fifteen minutes. A 306 00:22:18.099 --> 00:22:22.259 lot of times this doesn't work right. You got to get the conversation started 307 00:22:22.579 --> 00:22:26.259 in another way. And so what it'll say with this mini Gong is, 308 00:22:26.859 --> 00:22:30.890 Hey, a gain this here top performer and allow it to move every single 309 00:22:30.049 --> 00:22:34.049 month or quarter, you get to decide. But honor this person with this 310 00:22:34.250 --> 00:22:40.130 miniature Gong because they deserve that extra recognition. And what email them, and 311 00:22:40.250 --> 00:22:42.569 this is where the partnership with sales is so, so crucial. Well, 312 00:22:42.650 --> 00:22:47.079 email them after with a with a custom out of you sequence that says something 313 00:22:47.240 --> 00:22:49.440 to the rhyme of Hey, who did you give it to? And I'll 314 00:22:49.480 --> 00:22:52.720 say, Hey, I give it to Dan. He was my start performer 315 00:22:52.759 --> 00:22:56.640 last month. And close them those ACD for us and then, of course, 316 00:22:56.720 --> 00:23:00.349 we then continue the conversation. Eventually we go for the close and we 317 00:23:00.470 --> 00:23:03.950 say, hey, how would you like to replicate what Dan's doing across your 318 00:23:03.990 --> 00:23:07.710 entire team? Gone can help you with that. That's amazing. I had 319 00:23:07.710 --> 00:23:11.029 an early boss who, when I first started in marketing, that would just 320 00:23:11.430 --> 00:23:15.420 get so bad at me because I would write ads, I would write emails 321 00:23:15.420 --> 00:23:17.819 and I would never have a call to action, and he just drilled it 322 00:23:17.859 --> 00:23:19.940 into my head. Is Almost one of the commandments of you must have a 323 00:23:21.019 --> 00:23:23.539 call to action. But I think you're approaching this in such a modern way. 324 00:23:23.579 --> 00:23:27.490 We're landing that Gong on someone's desk. I mean, what more of 325 00:23:27.529 --> 00:23:33.809 a meaningful impression can you make with and having something that becomes symbolic across their 326 00:23:33.809 --> 00:23:38.049 entire organization and when they're ready for your help but you're they're waiting to help 327 00:23:38.089 --> 00:23:42.440 them right. So really, really cool program what what about when you get 328 00:23:42.440 --> 00:23:47.240 into one Domini? So we've heard one to one. wefored one to few, 329 00:23:47.359 --> 00:23:51.920 but what does it take to really get ABM running its scale for a 330 00:23:52.000 --> 00:23:55.559 larger setup accounts? Yeah, I'm happy I talked about the one to man 331 00:23:55.789 --> 00:23:59.950 these. But one final story on that's that you're reminded me of, as 332 00:23:59.990 --> 00:24:03.869 you talked about the no CTA thing, for reminds you of how the story 333 00:24:03.990 --> 00:24:08.190 that my cm a looty letter, more often tells people, which is around 334 00:24:08.269 --> 00:24:12.980 wedding rings, and he says like Hey, diamond rings weren't a thing, 335 00:24:14.859 --> 00:24:19.579 but a company that makes diamonds try to instill it as tradition within a lot 336 00:24:19.700 --> 00:24:27.049 of people and eventually, over time it became symbolic for something else not related 337 00:24:27.049 --> 00:24:30.049 to buying a diamond ring. And that wasn't even a call to action. 338 00:24:30.250 --> 00:24:34.369 But really the strategy was to influence the market enough to make this as a 339 00:24:34.529 --> 00:24:38.559 part of the tradition of what they do, and the mini gone campaign is 340 00:24:38.960 --> 00:24:42.720 kind of an example of that. Is have as many don travel around. 341 00:24:44.160 --> 00:24:48.359 It's not as empathlaws a diamond ring, nor it is that's expensive. That 342 00:24:48.480 --> 00:24:52.230 reminds me of something similar. That's that's fantastic. The so the one of 343 00:24:52.309 --> 00:24:57.670 many piece. An easy way to do this is to really hone in on 344 00:24:57.950 --> 00:25:03.069 your IC Ping. We talked a lot about it gone around Jeffrey Moore's crossing 345 00:25:03.109 --> 00:25:07.700 the Chasm of strategy from going from really like the innovators to the early adopters, 346 00:25:08.140 --> 00:25:12.579 to the early majority to the welight majority. And what we've done is 347 00:25:12.819 --> 00:25:18.859 we look at different clusters of customers. Where are their clusters of customers? 348 00:25:18.980 --> 00:25:23.329 Where if one prospect saw that we had these five customers that are the early 349 00:25:23.450 --> 00:25:27.410 majority, or maybe the the innovators in the category, they would almost feel 350 00:25:27.410 --> 00:25:32.809 like they're being left behind. And this is a very simple one to many 351 00:25:32.890 --> 00:25:36.599 strategy because once you've identify those things, and one of the ones that we 352 00:25:36.720 --> 00:25:41.559 identify and identified where we have a ton of customers around is Martech, for 353 00:25:41.640 --> 00:25:47.000 example. So we have customers likes and no so like drift, like hub 354 00:25:47.039 --> 00:25:51.230 spot, for example, and if you were to show those three logos to 355 00:25:51.910 --> 00:25:55.789 anyone in more attack you would definitely get their head to turn. And we 356 00:25:55.869 --> 00:26:00.150 were able to deploy, you know, an outreach sequence, a direct mail 357 00:26:00.309 --> 00:26:06.019 play, and just not even drastically changing the slide deck there, but changing 358 00:26:06.099 --> 00:26:10.859 it so much that it still feels very relevant to that target audience and we 359 00:26:10.940 --> 00:26:12.980 were able to deploy that across the entire more text space, which is a 360 00:26:14.059 --> 00:26:17.420 pretty large set of accounts. If you looked at the lumascape today, you 361 00:26:17.500 --> 00:26:19.890 probably see seven thousand accounts from there. So that's the thousands of the one 362 00:26:19.930 --> 00:26:23.730 of many type strategy that we've been able to employed. It's some pretty good 363 00:26:23.769 --> 00:26:29.329 success. It's still early days for us, candidly and rolling a campaign like 364 00:26:29.369 --> 00:26:32.920 that out, but what we expect to see is for the late majority to 365 00:26:32.960 --> 00:26:38.480 be captures, a lot more than mortech companies to be penetrated and higher closed 366 00:26:38.519 --> 00:26:42.880 rates, higher asp etc. Etc. Yeah, that's amazing because I when 367 00:26:42.920 --> 00:26:47.119 you're describing your one too many strategy, it really kind of goes back to 368 00:26:47.869 --> 00:26:52.349 the fundamentals that you outlined in your commandments around multi channel and you're really thinking 369 00:26:52.349 --> 00:26:56.150 about the outreach, you're thinking about what channels you're using for air cover and 370 00:26:56.750 --> 00:27:00.309 you know the language and the ICP and it just sounds like, from what 371 00:27:00.430 --> 00:27:07.140 you're saying, it is possible to do abm at scale to many people, 372 00:27:07.740 --> 00:27:12.220 and it's almost as if when conversations start to get more one to one, 373 00:27:12.259 --> 00:27:15.579 that's when you start to employ the one to few, in the one to 374 00:27:15.730 --> 00:27:21.690 one to get more meaningful relationships as you ultimately partner with organizations to help them 375 00:27:22.210 --> 00:27:25.369 with the revenant. Yeah, absolutely. In the hard thing, I think, 376 00:27:25.410 --> 00:27:27.369 for ABM marketers today is to figure out what is that? Right now, 377 00:27:27.410 --> 00:27:32.480 it's where should I focus on? Is a nature of my business where 378 00:27:32.480 --> 00:27:33.680 I need to focus a get on the one to one because I have, 379 00:27:33.839 --> 00:27:38.119 you know, six, seven figure a CV and and my Tan has really 380 00:27:38.200 --> 00:27:41.720 really smond finite? Or do I need to do all one to many, 381 00:27:41.759 --> 00:27:45.230 or do I need to do something of a balance, something like what we're 382 00:27:45.230 --> 00:27:48.630 doing over here at long instead of finding that right bounces is is that a 383 00:27:48.750 --> 00:27:52.589 really, really hard challenge? Presses to this marketers. Amazing. We are 384 00:27:52.710 --> 00:27:56.109 coming up on time, but I wanted to finish with one last question. 385 00:27:56.150 --> 00:27:59.700 In Two thousand and twenty s on everyone's mind right now. In fact, 386 00:28:00.140 --> 00:28:02.579 most people will probably be listening to this in two thousand and twenty. So 387 00:28:03.619 --> 00:28:06.660 tell us, like, what are you most excited about going into two thousand 388 00:28:06.660 --> 00:28:12.730 and twenty from just a marketing business standpoint? Yeah, but I'm looking forward 389 00:28:12.730 --> 00:28:18.690 to in two thousand and twenty is, candidly, it's really seeing the advancement 390 00:28:19.210 --> 00:28:27.039 of where we at can take our data program honestly, that's one of the 391 00:28:27.119 --> 00:28:32.559 things that we talked about a lot. But earlier we talked about how accounts 392 00:28:32.880 --> 00:28:37.519 and having that alignment from a sales and marketing perspective is crucial. But the 393 00:28:37.599 --> 00:28:41.710 the underpinning of that, right above your sales and marketing alignment, is the 394 00:28:41.789 --> 00:28:47.349 data infrastructure that you're feeding to create some of these programs, and that's things 395 00:28:47.509 --> 00:28:51.789 like maybe it's a maybe it's a data fox, maybe it's a discoverer to 396 00:28:52.109 --> 00:28:56.700 to fill your account level data. Maybe it's a clear bit, a lusha 397 00:28:56.940 --> 00:29:00.859 elite Iq to fill your contact that of level data. Maybe it's like a 398 00:29:00.900 --> 00:29:04.380 zoom in film discover. We're combined to fill all those gaps right and we're 399 00:29:04.619 --> 00:29:10.690 at gone really pushing our sophistication there, because again it's the underpinning of our 400 00:29:10.930 --> 00:29:15.809 ability to scale our entire organization. We're going to go from what's hopefully are 401 00:29:15.930 --> 00:29:21.690 what is currently, excuse me, around maybe sixty or Seventi sellars today, 402 00:29:21.730 --> 00:29:25.680 and we're going to bring that to a hundred plus in two thousand and twenty, 403 00:29:25.759 --> 00:29:29.839 and so we're scaling the Organization fight a bit. From a marketing perspective, 404 00:29:29.880 --> 00:29:33.599 we're going from for marketers, when I joined only ten or eleven months 405 00:29:33.640 --> 00:29:37.440 ago to now eleven and will be twenty five and the next two fours or 406 00:29:37.480 --> 00:29:41.029 so, and so we're hiring really rapidly. And again, the the data 407 00:29:41.990 --> 00:29:47.910 infrastructure that we're really really working on sophisticating is is something I really excited about 408 00:29:47.910 --> 00:29:49.670 two thousand and twenty. That does sound super exciting and I think that would 409 00:29:49.710 --> 00:29:52.059 probably be one of my biggest things that I'm excited about as well. I 410 00:29:52.140 --> 00:29:56.779 think data has just come so far. Are and, as I think someone 411 00:29:56.819 --> 00:29:59.099 said recently, and I can't remember who it was, dated as a new 412 00:29:59.140 --> 00:30:02.700 oil. Can't have the engine really running without having it nice and lubricated, 413 00:30:02.740 --> 00:30:04.140 right. Yeah, yeah, well, Russell, I want to thank you 414 00:30:04.220 --> 00:30:07.849 so much for joining today. It was a pleasure speaking with you. Tell 415 00:30:07.890 --> 00:30:11.769 our listeners how can they follow you and learn more about going? How can 416 00:30:11.769 --> 00:30:15.130 they stay in touch and just hear all the amazing things you have to say 417 00:30:15.210 --> 00:30:21.369 on social sure please do. Connect with me on Linkedn, big Linkedin user. 418 00:30:22.160 --> 00:30:25.000 My girlfriend, phily wants to kill me for it, but I spent 419 00:30:25.039 --> 00:30:26.640 a lot of time on linked and so feel free to shove me a connection 420 00:30:26.680 --> 00:30:30.720 or US and more than happy to continue the conversation there. Do you want 421 00:30:30.759 --> 00:30:34.160 to learn more about Gong and some of the roles were hiring for? I 422 00:30:34.240 --> 00:30:40.230 would definitely encourage you to. That's ww Dit Bong Doto, and you can 423 00:30:40.309 --> 00:30:44.309 follow us on rinked in, twitter on facebook as well. Perfect. Well, 424 00:30:44.390 --> 00:30:47.789 that's all for today. Everyone. If you haven't subscribed yet, please 425 00:30:47.789 --> 00:30:51.220 subscribe to the series to hear the latest from leaders on the B Tob grow 426 00:30:51.299 --> 00:30:56.700 show. Thanks for tuning in. Thanks down, we totally get it. 427 00:30:57.019 --> 00:31:00.660 We publish a ton of content on this podcast and it can be a lot 428 00:31:00.819 --> 00:31:04.569 to keep up with. That's why we've started the B tob growth big three, 429 00:31:04.970 --> 00:31:10.170 a no fluff email that boils down our three biggest takeaways from an entire 430 00:31:10.289 --> 00:31:15.769 week of episodes. Sign up today at Sweet Fish Mediacom big three, that 431 00:31:15.930 --> 00:31:18.039 sweetish Mediacom Big Three