Transcript
WEBVTT
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Wouldn't it be nice to have several
thought leaders in your industry know and Love
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Your brand? Start a podcast,
invite your industries thought leaders to be guests
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on your show and start reaping the
benefits of having a network full of industry
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influencers? Learn more at Sweet Phish
Mediacom you're listening to BB growth, a
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daily podcast for BB leaders. We've
interviewed names you've probably heard before, like
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Gary Vannerd truck and Simon Senek,
but you've probably never heard from the majority
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of our guests. That's because the
bulk of our interviews aren't with professional speakers
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and authors. Most of our guests
are in the trenches leading sales and marketing
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teams. They're implementing strategy, they're
experimenting with Packtics, they're building the fastest
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growing BEDB companies in the world.
My name is James Carberry. I'm the
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founder of sweet fish media, a
podcast agency for BB brands, and I'm
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also one of the CO hosts of
this show. When we're not interviewing sales
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and marketing leaders, you'll hear stories
from behind the scenes of our own business.
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Will share the ups and downs of
our journey as we attempt to take
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over the world. Just getting well? Maybe let's get into the show.
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Hi there, and welcome to the
BDB growth show. I'm John Ruggie and
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I'm the founder of a marketing consultancy
called flag and frontier. It helps bedbt
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at companies with messaging and positioning.
I host our category creation series here where
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we explore how and why companies design
and dominate new market categories. Now,
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in today's episode I'm going to talk
with Ryan Benici, who's the CEMO OF
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G two. It's a community that
millions of people participate in every month to
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make better decisions at that buying software. Not only has ryan spent time in
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his career at Microsoft exact target sales
force and hub spot, he was also
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selected as one of the world's most
influential a CMOS by Forbes. Now we
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titled This episode why? The category
name matters less than you think, because
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in this conversation, Ryan and I
break down the misperception that designing a category
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means that you have to have an
official category name on a site like Gtwo.
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Ryan's a super sharp guy and he's
got some unique perspectives to share on
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marketing. So, without further ado, let's hear from Ryan BENICCI AT G
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two. So welcome to the category
creation series on the BDB growth show.
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I'm John Rugi and with me today
is Ryan Benicci, who is CMO AT
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G two. Ryan, how are
you doing today? I'm doing really,
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really, really well. Thanks.
John. How are you doing? Yeah,
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I'm doing pretty good, pretty good. It's getting called out side,
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which I like, and you know, I've been wanting to talk to you
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for a long time. I think
a lot of people know of you,
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if they don't know you personally.
But what can you tell us, or
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what should our listeners know about you
beyond the fact that you're CMO AT G
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to today? I mean, I
can probably tell for my accent that I'm
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not from the US. I'm Australia
and spent most of my career living and
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working in Australia. Love Marketing,
and actually love is like an understatement.
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I'm obsessed with marketing and I'm obsessed
with brands and I'm obsessive growth and and
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category creation specifically. So just like
I live and breathe this stuff. It's
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not just a job for me,
like I genuinely really love it, as
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is kind of clearly seen if you
look through my phone image gallery, you
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will just see screenshots of things like
ads, like social media post like I'm
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literally constantly kind of consuming content and
screen shutting it and sending it to my
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team or thinking about it myself and
what we can do. So, yeah,
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that's kind of me in terms of
my work context. Outside of work,
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you know, I love Kites,
I thing, love being the outdoors
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and you know I'm in a big
kind of advocate for like mental health,
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and talking about mental health is something
that's, you know, no different to
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your physical health. Yeah, that's
awesome. It's all and you'll have to
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show me your phone sometime because it
sounds like it's basically just a glorified swipei
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offer. Oh, you're a little
bit. It's annoying actually, like it's
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really hard for me to find photos
that I'm looking for because there are so
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many screenshots. They really need to
get into a better habit of deleting them
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after I take screenshots. But a
last like I'm too far deep now to
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fix that. Yeah, that's that's
is the life of an obsessed marketing yeah,
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exactly. All right. Well,
you know all the episodes I've done
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on this series, so far have
been with people who have either designed categories
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and we're kind of talking about that
success story, or they're on the front
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end of that process and they're just
going down this path of category design.
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And our interviews going to be a
little bit different today because, unless I'm
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wrong, and correct me if this
is the case, I don't think GTWO
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is going down the path of category
design today. And again, tell me
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if I'm wrong in that. But
you guys have played a huge role in
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what people think of as categories themselves. Yeah, that's a good point.
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I mean, I think most of
my kind of experience in category creation was
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probably from my time at exact target
in building kind of like that customer life
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cycle, like three hundred sixty three
view of customer kind of like category space,
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and then about marketing during my time
a hop spot. And yes,
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that's definitely right. Like a G
to, I think like what we're creating
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is definitely like unique and different for
sure. And you know, I think
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we were, we definitely the first
company that, you know, build this
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concept of a be to be reviews. They're like P authenticated, but I'm
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not sure if that is, you
know, a category in itself, because
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essentially what we're building is, you
know, the world's largest be to be
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marketplace. So we're building sort of
what Amazon is the consumers. You know,
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we're willing businesses. So, you
know, I don't think in that
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sense, like not to say that
what we're doing isn't isn't really awesome interesting,
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but I don't think it's category creation. Yeah, yeah, yeah,
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I know you guys have some interesting
things on your road map that maybe you
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are at liberty talk about it and
maybe you're not, but it'll certainly be
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interesting to see what the what the
future holds for you. But yeah,
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so I'll give you a little backs
for I'm I'm curious to hear your your
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thoughts on this. So when I
first learned about category creation, my mind
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immediately went to the sides like g
two and some of your competitors, and
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I equated, you know, category
design with like this idea of like someone's
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like a term that someone's using in
their messaging is officially coined on Gtwo or
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by Gartner or someone like that.
Now I've got an opinion on that,
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but before I know, the show
is really there to hear your thoughts.
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So tell me what, like,
what do you think? How do you
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think categories play? What role do
they play in the BDB buying process today?
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That's a good question. I mean, I think they play a few
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different roles and, you know,
I think the way sort of we the
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reason why category is a really important
to us at Gt is, you know,
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we have, you know, millions
of reviews from people around the world
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using different pieces of stuff where technology
right, really comprehensive, in depth,
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you know, like thirty point plus
like reviews like they're not like thumbs up
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thumbs out, they're very in depth
and for us right, I think,
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like the value that we are bringing
and you know, the value prop for
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gtcom is essentially that, you know, you can come to our side and
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you can tell us, you know, what software category you're looking for,
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a broad category or service category you're
you looking for, and then you can
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tell us, you know, what
type of company are you be, TOBBTC,
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how many employees you have, what
features do you want, and then
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we'll basically give you, you know, a personalized recommendation for that category specifically
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that you were looking for. And
it's not just for that category them based
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on companies like you that, if
you software in that category, right.
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So that's where we're, you know, completely polar opposites to all of our
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competitors in that, you know,
all of our recommendations and content is personalized
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few because there's no such thing as
one size fits all, and so I'm
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quite like anti that like analyst model
where there's like some person sitting at the
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top of an ivory tower choosing like
who is the best crm or the best
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marking automation, because, like,
no one is the best. Realistically.
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There's a couple categories the like where
there are clear leaders that can seemingly scale
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to most sizes of business as very
well. But that's not to say,
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though, that like they're necessarily the
best for you, of everyone. And
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so, any of the reason why
that's really important to why I share that
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is that, like for us,
when we're giving those really personalized recommendations,
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you can't really compare apples to apples
if you don't have like a clear cut
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of like who are the the potential
sellers vendors products in a certain category.
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Right, because, like let's use
two different categories as an example, right,
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like let's use like an artificial intelligence
category and then let's use an email
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marketing category, you know, for
an email marketing category where, you know,
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it's been around for twenty plus years. It's like very firm around,
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like what does that category mean?
People have bought those tools many times,
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so they may be more likely to
respond with like more five's out of ten
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or, sorry, more tens out
of ten or like higher ratings because,
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like, the products in that space
have evolved in become more kind of tailored
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to the needs of the user,
in the buyer. Sure, for AI
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software, right, that's very new. As an example, there might be,
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you know, a few different players
out there, but they may be
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kind of scattered and they may not
be like subsectors of that broader category just
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yet, and so you can't really
compare, like when your program we're personalizing
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our results to give you the best, you know, advice that you're looking
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for. If we were grouping sort
of, you know, products across categories
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in we wouldn't really then be able
to give very good recommendation. So that's
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really important to us to make sure
that the recommendations were giving a really fair
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and we're comparing them, you know, adequately to people with similar features in
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the same space in category. So
I think that's why it's important to us,
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you know, in terms of like
our date during our products. But
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I think it's important to buy as
as well. I because, like categories
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are essentially just short cuts for them, you know, shortcuts to try and
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work out like, you know,
whether we called a category or a bucket
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or, you know, like a
landscape of different tools, like it's basically,
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you know, they're these different groupings
and that helps them make decisions and
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work out, you know, what
are the things that I need for the
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different parts of my business and to
the different functions. So yeah, I
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think like as shortcuts they can be
very useful to buyers, especially, you
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know, more beginner byers that maybe
haven't bought lots of tools before, where
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it's so for advanced by as,
they may not need categories to find the
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different products. They may already know
a bunch of those products in that space.
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Sure. So it sounds like for
for someone who's trying to really kind
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of find their way through different products
out there and they're not really familiar with
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whatevery thing does what they should expect
one thing to do and not do,
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the categories for them are a real, like you said, shorthand for kind
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of finding their way to the right
product for the right solution faster. Yeah,
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exactly, and I always think of
it as kind of like a bit
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of like a Russian dull Sku idea
in the sense of like, you know,
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some of might come to our side
looking for sale software and then we'll
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ask some some questions on our side, they'll engage without, you know,
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our Ai Chap Pot to like better
help us understand what is it that they're
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trying to do, like if are
they trying to increase sales rep productivity or
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they trying to increase kind of like
reporting on sales activities? And if it's,
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you know, reporting them, we
might push them down like a bi
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path of like bi categories and content, if they're looking for sales enable men
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or training, that it might be
more about kind of, you know,
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different enablement tools to help their sales
as become more producative. So I think
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categories are useful as a short cut, for sure, but I actually think
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the most useful thing really is like
starting with what are the problems that you're
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trying to solve as a bier,
you know, and you know for sells
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or productivity, is one of those. If you're a sales manager, you
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know, if you're a chief financial
officer or an accountant, then maybe you're
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trying to like solve the problem of
how do I close my books faster every
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month, you know, to report
my earnings back to our board? And
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if that's the case and there's different
software, that's going to be right for
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you. And so I think categories
are very useful, but I think actually
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like getting down to the heart of
like what is the problem that the concert,
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the category and the software solves,
and working from that will lead you
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down, you know, the best
path for you on your journey in terms
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of finding what's best for your company. Yeah, it's really interesting you mentioned
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that because one of the ideas in
the book play bigger, which is kind
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of like the Gospel on category design, is that if you're thinking through the
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category design process, you really need
to think about problem first. So your
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problem market fair and if you look
at the narratives of companies who have really
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built some of these major categories,
it's not so much about the category name
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itself, that that is important to
a degree, but it's really the underlying
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narrative, underlying problem that they're trying
to use to connect with people. Yeah,
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absolutely, I think like that's the
most imvolved on it and I think,
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you know, as BEDB market as, we oftentimes get too caught up
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in sort of like features and functionality
and we don't focus enough on, you
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know, what's the problem and like
what are the emotions that this thing is
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solving for. Yeah, I want
to go back to something you mentioned a
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moment ago with this is idea of
like Russian nesting dolls, with kind of
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categories within categories, because I saw
this the other day. I was looking
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at the account based marketing space and
I expected there just be to be an
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ABM category and that was that was
kind of it. But what I found
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was that you have multiple variations on
account based marketing software. I don't remember
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the exact, you know, words
and phrases that are used today, but
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that that's an example of the category
that was in kind of broken up and
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then there were subcategories off of that. And so maybe, with that example
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in mind, can you walk us
through how your team approaches like naming and
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dubbing categories? Do you look for
guidance from the software companies themselves? You
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Look for guidance from buyers? Do
you. I don't imagine you do this
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in an ivory tower. But what
is what is that process look like?
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Yeah, we good question. Yeah, so you know to your point,
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right. So, account based marketing, I. ABM, is definitely,
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like, you know, quite a
large broad term, right than as a
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count Bas advertising, account based intelligence, Account Base execution, account bays,
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analytics, as on a different subsectors. And I think like what's worth noting
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maybe is that I think if you
look at kind of outside versus a lot
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about competitors, we have typically around
three x the number of categories little arm
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products on our side. So they
going to a many law yeah, we're
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going to a lot more detail,
not only in reviews. So we have
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more reviews than anyone individuals, you
know, competitor out there. But like
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we're going into like a lot more
detail in terms of how we're categorizing those
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products, because the better we can
categorize, the better we can give recommendations.
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Because right, like if we use
ABM as a grouping, like you
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could effectively call like Sendoso, which
is, you know, direct mail software
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that connects into your cms. WHRE's
a solution like the sales force and allows
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you to execute on an ABM strategy
like that. That kind of is account
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base execution software, but that's like
very different execution to, you know,
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something like a you know, an
account based advertising platform that's like running ads
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online, and the features and how
we would compare those different things in the
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pricing and everything is totally different,
and so we spent a lot of time
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and money on like making sure that, you know, we're categorizing properly,
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and I guess that kind of leads
me into kind of what you're asking.
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So we we basically start to look
at the space and as we start to
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see kind of like sectors forming within
it and kind of like clusters of products
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in a new space, that will
be how we then start to indicate,
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okay, like is there kind of
like a breakout subcategory within this product category
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that we should be looking more into? And you know, we have so
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we have a lot of rules and
like details are and how we do create
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those things. So, like I
don't think and we have like some pretty
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broad, like, sorry, pretty
detailed guidelines that I won't remember top of
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mine because this is our research team
that does this. But you know,
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based on like the number of providers
in a space, is also important.
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Right, if there's just like one
product out there that's like doing something new
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and different, I don't know if
that with then warrant US breaking out a
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new subcategory. We might, depending
on kind of like the momentum around people
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moving to that if they had a
lot of customers and maybe then no one
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else would crack the code on how
to build a product similar, then we
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probably would write because, like we
can see the momentum. But if you
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look at sort of like the way
we visualize data in terms of know,
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how satisfied are your customers and then
like what is your market share, market
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presence? So like we're factoring in
both of those things to start to work
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out. Okay, like are there
enough customers in a new space and there
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are enough of those different competitors as
well as different, you know, users
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of them to then give kind of
size to that new subcategory? Sure,
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and so we don't really then,
I guess you you kind of asked as
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a subquestion, like how much input
do we get from sellers of vendors?
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You know, we're always open for
them to give us their thoughts, but
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that doesn't mean that we will create
a category for them and we most you
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know, will often get them asking
because, like they want to be know,
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they're trying to coin a term and
they want to create a category around
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that term, and we definitely won't
do that unless we can see momentum around
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that as a true category. And
so again, part of what that means
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is, like we would look into
kind of search volume and trends and our
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people actually searching for of this as
a category? Or is it just one
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set seller or vendor that's talking about
it? Are People like talking about it
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on social media, on core and
read it and these different forums? So
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our research team, you know,
are incredibly far far in terms of how
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we go about this. And again
they have kind of internal processes they use,
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which we don't completely share all of
that externally. Do so that we
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don't want folks to try and like
game out, you know, Algorithm.
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But you know, we share quite
a lot about it at the high level,
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but we don't share some of the
waitings around how our categories work.
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And you know, we build in
like pretty like detailed things like time decay
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into reviews, for example. So
you know, a review from five years
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ago is worth less in terms of
your waiting than a review from three days
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ago, and there's so many different
sort of like levels that we've built into
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our algorithm over time to avoid folks
gaming at yeah, even to the point
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where, like if if review came
in organically from someone through Google that was
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just searching, as opposed to if
it was a customer of the seller and
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they like promoted that person to leave
a review, we will wait that review
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less than someone that came organically.
Like again, this is just scratching the
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surface really how like deep we go
on this. But you know, this
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is literally kind of like the meat
and Vege of like, you know,
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our business, so we can take
it very seriously. Sure. So,
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if I'm a vendor and I'm looking
at the way my business is placed within
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GTWO and I'm thinking, yeah,
it's kind of close, but there's not
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really a better place for me.
You know, they feel like they don't
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have a good home. There's like
there's kind of two scenarios they have to
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weigh. One would be maybe the
category that they are now. Maybe it's
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not perfect, but there's get they're
getting some attention because there's search traffic and
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interests. It's a known category.
But there's also the risk that if it's
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not quite a good fit that people
are they have the wrong expectations of what
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they're supposed to do and when they
look closer at the product they shake their
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heads no because it's not quite what
they were looking for, not quite with
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the head in mind. So maybe
there's a case for then creating a new
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message kind of break out from that. So what's your advice to it to
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a vendor if they find themselves in
that spot? Yeah, I mean,
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I think what I would say is, like thinking about a category is still
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a pretty superficial way to think about
products and comparisons ultimately, and we do
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that just because to what I was
was saying earlier is like if you are
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a beginner to a certain category and
you're searching a parent category like sale software,
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and then we hope you kind of
like get more granula. At the
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end of the day, that is
still just meant to be a short cut.
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Really. I think where the mate
of like what we provide is is
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in like the live comparisons, so
where you can actually compare, you know,
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like let's you know, we were
talking about and you know, account
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based marketing earlier, right, like
if we're talking about account base advertising,
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then you like where you can truly
compare engage to terminus, right, or,
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if it's cm soft, where you
can truly compare infusions off to hub
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spot. And then when you're comparing
it, now you're like getting into like
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the actual features that make up the
category itself. And so now you're looking
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at like of all of the hundreds
of or thousands of people that have reviewed
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these two software or five pieces of
software. Right, you can compare more
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than more than many as you want. Then you can start to see,
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like okay, like where do these
folks like rank and stack on those certain
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features? And now you know,
based on what you know about like what
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you need from the tool, you
can then make a decisions. So the
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categories, like I don't want to
call them vanity that because they're not.
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They're definitely more important than that.
But again they're just like an important earlier
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step in that process. But a
lot of buyers don't need categories rip right,
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like they've already have heard about a
few different vendors and they'll come in
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already with intent around company X,
first company why, and then from there
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they may learn about companies and,
you know, where they can then like
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add that into their comparison, because
will then ensure them alternatives based on what
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they've thing Shull said to us.
So so, you know, I think
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like kind of liked around at your
question. Like if you are, you
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know, building a software company,
are building a category. I mean it's
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you know, it would be educational
for sure for you to look at the
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current categories that exist, but I
don't think that necessarily means you need to
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kind of design your product or service
for those categories because again, like I
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said, no category is perfect for
anyone realistically, and they will all always
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be some features that, like you
are, are not optimized for. They
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might be cross over into other categories, and that's why we have pretty clear
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and public rules around like what is
it like? What features do you need
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to have if you want to be
able to like show your product in a
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certain category? So, like if
we use the account base sort of like
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umbrella again, right, like you
know, platform like terminus would be in
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account base execution software because of their
advertising components, but they'd also be an
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account based reporting software because of their
reporting features. Yeah, and you know,
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one of their competitors may not have
any reporting yet, and so if
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they weren't and they didn't have,
you know, the more robust reporting features
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that we require to be in the
reporting subcategory, then they wouldn't make it
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there until they did have that.
So, you know, they could work
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with our research team to better understand
what those things are. But again,
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and our research team is also kind
of like learning as well and evolving these
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categories over time. So if we
start to see shifts, then we will.
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You know, the categories in the
products are all very much like living.
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Yeah, yeah, so it sounds
like what you're saying is companies shouldn't
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get overly hung up on the categories
that are present in your platform today.
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It's really more important to understand the
problem of trying to solve the features that
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are important to those. Absolutely,
but yeah, absolutely, and I think
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that's where, like, you know, you know, it can be quite
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like informative coming to Gtwo and reading, reading literally the reviews about your competitive's
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right. Everything's available. So if
you're a really smart CEO or product leader,
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like let's go out there and look
at the existing categories and seek like
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what are they all saying? Is
there general sentiment and a certain category that
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like one part of a product isn't
working? And like okay, do you
355
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then maybe build a standalone point solution
to fill that problem that everyone is mentioning
356
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about all of these other products?
Like you can learn a lot from that
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and then create a solution that fits
for the current category or creates a new
358
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category. So definitely like very useful
data for you to have, but I
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don't think I would necessarily say you
should limit yourselves to the categories as is.
360
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You know that wouldn't be the way, I think, to build a
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super disruptive business in the long term. Sure, it almost reminds me of
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how you might look at Seo and
that you can get bad seo advice,
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which is going to just focus on
like writing content only for our seo sake
364
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and not really thinking about like whether
anyone actually wants to read that or you're
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actually helping someone or adding something of
value. It's kind of a superficial way
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of looking at it. And there's
almost just like superficial way of looking at
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categories and like getting overly hung up
on this the semantics and this specific name
368
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for a category. And then there's
the more I think may be practical and
369
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valuable way of looking at it.
So for us see, I would be
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like, yes, let's we want
to rank for traffic, but let's also
371
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make sure we're writing something that adds
value and is as useful to someone so
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when they get there it's actually going
to do more for us. And like
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with category, you know, let's
make sure that the way we've just described
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our solution to a problem and how
we frame that problem, it's let's make
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sure really thoughtful on that, because
that's ultimately what's going to evoke emotion and
376
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action and get people excited about what
you're offering. And the category name might
377
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be right, it might be off
a little bit, but ultimately that's not
378
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the set the goal. Yeah,
I think you're a hundred percent spot on
379
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and I also don't think like people
realize how hard category creation is, right.
380
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You know, I'm sure people talk
about this on yeah, because a
381
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lot. But you know, you
know, back at when I was at
382
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hub spot right, launching hub spot
in Asia Pacific, inbound marketing was in
383
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a category in Asia Pacific until very, very recently, right, so that
384
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people in mind in that market just
wouldn't search for mbul marketing, they were
385
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searching for terms like digital marketing.
So there's like regional you know nuances to
386
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categories. Even even if, like
the features, the benefits and the problems
387
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that you're solving and fixing and whatnot
are still the same, you know,
388
00:26:22.450 --> 00:26:27.250
the way they search and the maturity
around the category name even can be very
389
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different. So I think it's just
like we're realizing for folks that like creating
390
00:26:32.569 --> 00:26:36.279
a category as a lot harder before
it becomes easier in your owner right.
391
00:26:36.279 --> 00:26:38.759
And I think it doesn't always end
well, but the ones that do it
392
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really well absolutely do a great job. So I think it comes down to
393
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realistically, like is what you're trying
to solve that problem. Like, is
394
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there a true kind of like opportunity
for you to like create new space in
395
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that world right now that currently exists? And if so, awesome, like
396
00:26:56.150 --> 00:26:59.869
go and hard. If not,
like maybe that's not the best place for
397
00:26:59.950 --> 00:27:03.140
you to focus your time. Maybe
it's best for you to actually focus on
398
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an existing category that create a product
that is better than all the other tools
399
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or easier to use and all the
other tools, or cheaper than all the
400
00:27:08.819 --> 00:27:12.259
other tools. Like there are so
many different elements around how you can win
401
00:27:12.259 --> 00:27:15.930
in a in an existing category.
Yeah, yeah, that's right, and
402
00:27:17.410 --> 00:27:21.769
both CMOS A up spot. Mike
and Kip told me that when they first
403
00:27:21.769 --> 00:27:25.329
started talking about in bound, it
was like yelling into a void where no
404
00:27:25.410 --> 00:27:27.329
one was listening for a few years
and they just had to have the patients
405
00:27:27.410 --> 00:27:32.240
and perseverance to push through it totally. And I think, you know,
406
00:27:32.839 --> 00:27:36.759
they had the strength to be able
to push that because, like, they
407
00:27:36.839 --> 00:27:40.759
did know that what they were creating
and this concept of like pulling people in
408
00:27:41.000 --> 00:27:48.150
inbound versus pushing out and interrupting was
actually uniquely different and was a really different
409
00:27:48.190 --> 00:27:52.710
and unique way to package up these
like products that solved product problems. Sure,
410
00:27:52.029 --> 00:27:55.910
whereas if you just kind of thinking
up a pithy name for the sake
411
00:27:55.990 --> 00:27:57.509
of it, but it's the same
thing, then I would say, like,
412
00:27:57.900 --> 00:28:02.180
I don't know how successful you will
end up being. Yeah, that's
413
00:28:02.220 --> 00:28:04.660
a little path, a little contract
to build momentum. I think around at.
414
00:28:04.700 --> 00:28:08.539
Yeah, yeah, and that actually
leads to an example that I just
415
00:28:08.660 --> 00:28:12.490
read about earlier this afternoon. Maybe
you maybe you read the same story,
416
00:28:12.609 --> 00:28:18.730
but there's a category called conversation intelligence, and actually did an interview with with
417
00:28:18.849 --> 00:28:22.009
Gong Chris Roll of a few months
ago when we talked about the conversation intelligence
418
00:28:22.089 --> 00:28:26.400
category and a chorus is another one
who's promoting this out. Yeah, and
419
00:28:26.559 --> 00:28:33.160
just recently gone an ounce that their
categories now called revenue intelligence, and I
420
00:28:33.279 --> 00:28:36.720
haven't really had time to dive deep
into this, but I'm wondering what your
421
00:28:36.799 --> 00:28:41.119
take is. Is this just like
like over thinking it, about it like
422
00:28:41.279 --> 00:28:44.710
too hard and this is this more
contrived, or is there can you think
423
00:28:44.750 --> 00:28:48.269
of like a more thoughtful or strategic
reason why they might want to choose another
424
00:28:48.269 --> 00:28:52.390
term from from what they've been using
for the last year or two? Yeah,
425
00:28:52.430 --> 00:28:55.509
I mean, you know, I
can only kind of like make my
426
00:28:55.710 --> 00:28:57.819
thoughts. Just don't like what I'm
hearing and again, I haven't seen the
427
00:28:57.859 --> 00:29:02.220
way they're communicating about those categories.
So, like I you know, this
428
00:29:02.339 --> 00:29:04.900
is going to be a very uneducated
response, but you know, I think
429
00:29:04.980 --> 00:29:08.099
like a few and a few initial
thoughts, right, like there's definitely more
430
00:29:08.299 --> 00:29:15.490
categories now around conversations, and so
conversation intelligence. Right, when you immediately
431
00:29:15.529 --> 00:29:19.009
said that's any the first thing that
kind of came to mind was, you
432
00:29:19.089 --> 00:29:23.799
know, like a reporting components of
conversational marketing. And when I think a
433
00:29:23.920 --> 00:29:29.759
conversational marketing today and the way people
search for conversational marketing and the intent that
434
00:29:29.839 --> 00:29:33.720
they're showing is more around kind of
how do I create conversational experiences on the
435
00:29:33.920 --> 00:29:38.230
web? So it's typically like food
chat bots in terms of what we're seeing
436
00:29:38.269 --> 00:29:41.430
right now, right, and I
think drift have done a very good job
437
00:29:41.470 --> 00:29:45.390
at trying to like own that space. So I think you know, you
438
00:29:45.470 --> 00:29:48.589
know. Just for you saying that, then a new media kind of recall.
439
00:29:48.670 --> 00:29:52.940
Like I wouldn't have thought of conversational
intelligence meaning kind of like analyzing the
440
00:29:53.099 --> 00:29:57.579
conversations, but but that very naturally
makes sense. So I don't know.
441
00:29:57.740 --> 00:30:00.700
So it could be like a good
move, it could be a bad move.
442
00:30:00.779 --> 00:30:03.940
I mean going to was a revenue
intelligence. You said, yeah,
443
00:30:03.980 --> 00:30:07.059
Revenue Intelligence. I mean again,
it's hard to say because, you know,
444
00:30:07.140 --> 00:30:08.890
we don't know. You're either direction
of their product, right, like
445
00:30:08.930 --> 00:30:14.690
if their product now is going deeper
into revenue and and less into kind of
446
00:30:14.730 --> 00:30:18.490
like if I think about kind of
let me actually day a step back,
447
00:30:18.170 --> 00:30:22.039
if I kind of just compare on
the surface level, revenue intelligence verse Conversation
448
00:30:22.160 --> 00:30:26.480
Intelligence. What I like about revenue
intelligence is that it's like output focused,
449
00:30:26.599 --> 00:30:30.359
right, like a conversation is the
input, revenue is the output. So
450
00:30:32.039 --> 00:30:33.720
it's kind of like a bit of
a catch twenty two and that like you're
451
00:30:33.759 --> 00:30:40.869
getting me intelligence from the conversations,
but you actually don't really give to kind
452
00:30:40.869 --> 00:30:44.630
of rats about the actual conversational intelligence. That's really a bad like what that
453
00:30:44.710 --> 00:30:48.990
then means for revenue. So I
do like that in terms of it being
454
00:30:48.109 --> 00:30:52.619
outcome focused, and I think that
is definitely going to peak someone's ears,
455
00:30:52.940 --> 00:30:57.380
more more so because it's focus on
like a more meaningful thing, revenue,
456
00:30:57.460 --> 00:31:02.220
whereas conversations aren't really classified as that
meaningful in my mind, like there are
457
00:31:02.299 --> 00:31:04.049
means to an end. Sure,
so I like that. Yeah, I
458
00:31:04.089 --> 00:31:07.210
think that's like a unique way to
think about it. On the flip side,
459
00:31:07.210 --> 00:31:11.250
though, right, like revenue intelligence, there's a lot of things that
460
00:31:11.369 --> 00:31:15.450
can lead to revenue intelligence and you
don't necessarily immediately think it's going to come
461
00:31:15.490 --> 00:31:19.920
from conversations. So now it might
be a more meaningful category to think of
462
00:31:21.000 --> 00:31:23.759
it in there in their mind and
to their buyer, but now you might
463
00:31:23.799 --> 00:31:30.440
be competing with a very different range
of other revenue intelligence products that have nothing
464
00:31:30.480 --> 00:31:34.029
to do with kind of core recordings. Yeah, that's right. Betteral what
465
00:31:34.150 --> 00:31:37.150
I say? I don't know.
You know, in conversations can take place
466
00:31:37.509 --> 00:31:41.789
in contexts that are not revenue dependent
either. So that's true. Yeah,
467
00:31:42.269 --> 00:31:47.900
and I think conversations can happen like
a conversation can be kind of in text,
468
00:31:47.980 --> 00:31:51.539
right, whereas my understanding of gone
and chorus right now it's like audio
469
00:31:51.700 --> 00:31:56.180
analysts. So you know, a
lot of conversations are happening over email right,
470
00:31:56.339 --> 00:32:00.900
maybe more actually happening ever, email
than over audio and video. So
471
00:32:00.490 --> 00:32:05.049
sure, that's interesting and I you
know, I don't know if gone intended
472
00:32:05.130 --> 00:32:09.410
that in if they intended Revenue Intelligence
as a replacement for conversation intelligence or as
473
00:32:09.450 --> 00:32:14.609
a new additional category on top of
that. So something I need to dive
474
00:32:14.650 --> 00:32:16.799
a little deeper into. Yeah,
that's interesting. Yeah, who do you
475
00:32:16.839 --> 00:32:22.200
think's doing a great job with positioning
and messaging today? Good question. Besides,
476
00:32:22.319 --> 00:32:27.640
she too, and I think we've
got a little ares we can improve.
477
00:32:28.240 --> 00:32:30.230
Well, your team, to be
care your team. You guys did
478
00:32:30.269 --> 00:32:32.029
when some awards, your product marketing
team, when some awards receive it.
479
00:32:32.190 --> 00:32:35.470
I didn't know. I was pretty
amazed by that. You know, we
480
00:32:35.509 --> 00:32:39.670
ever might like a small but mighty
team and product marketers, Yoni, Auburn
481
00:32:39.670 --> 00:32:44.619
and Gina and you know, yeah, for them to win kind of like
482
00:32:44.819 --> 00:32:46.579
that. I don't know if it
was. I think it was definitely America
483
00:32:46.700 --> 00:32:50.940
wide award from the product marking linspect. Could it been even global? I'm
484
00:32:50.980 --> 00:32:53.539
not sure. That's, I don't
want to like oversell it, any very
485
00:32:53.619 --> 00:32:58.500
big award. They proud out of
them being ranked like the number one product
486
00:32:58.500 --> 00:33:01.809
marketing team. So they're doing really
cool things. But yeah, I think
487
00:33:01.809 --> 00:33:05.849
outside of D too. You know, if I think on the consumer side,
488
00:33:05.930 --> 00:33:09.369
like I've just always been, I
always sworn pretty hard over, you
489
00:33:09.450 --> 00:33:14.720
know, what are BMB is doing? Like I just love the way they've
490
00:33:14.799 --> 00:33:19.200
kind of like thought a thought about
like kind of what is the value that
491
00:33:19.359 --> 00:33:22.119
they're uses their buyers get out of
their service, right, and that whole
492
00:33:22.440 --> 00:33:25.960
travel like a local, or so
I live like a local. Campaign just
493
00:33:27.119 --> 00:33:30.509
like beautifully encompasses that. Like I
love Air B ANDB and I use it
494
00:33:30.630 --> 00:33:32.190
because, like I want to feel
like a local. I don't want to
495
00:33:32.190 --> 00:33:36.910
be in a hotel. Like to
me hotels is terile and they they just
496
00:33:37.190 --> 00:33:39.349
they remind me that I'm not in
a place that I want to like live
497
00:33:39.430 --> 00:33:42.700
in and when I go on a
vacation I want to feel like I'm immers.
498
00:33:42.819 --> 00:33:45.700
So I love what they do on
like the beat of B side.
499
00:33:45.779 --> 00:33:49.220
You know, I'm a big fan
of what a SUNA does. Like a
500
00:33:49.339 --> 00:33:52.339
lot of their messaging is very much
like output focused in terms of you know,
501
00:33:52.460 --> 00:33:57.809
so Saunas a productivity tool, one
of many great productivity tools. It's
502
00:33:57.890 --> 00:34:00.009
the productivity tool that we have chosen, a GT to use. That might
503
00:34:00.130 --> 00:34:02.650
me and my team of views.
I use it a hub spot, and
504
00:34:02.769 --> 00:34:05.849
they do a really, yeah,
beautiful to as I mentioned, kind of
505
00:34:05.890 --> 00:34:09.079
talking about like how they help you
do work better and get work done.
506
00:34:09.280 --> 00:34:14.559
It's not about kind of like the
software. It's about like getting done,
507
00:34:14.920 --> 00:34:16.800
you know, your work more,
faster, more efficiently and with like joy.
508
00:34:17.679 --> 00:34:21.599
They've built that into the product right. Like there are certain things like
509
00:34:21.679 --> 00:34:24.269
when you you know, ticket to
do list, item complete, you know
510
00:34:24.429 --> 00:34:28.510
are Unicorn will should because it's green, right, like you know which is
511
00:34:28.829 --> 00:34:32.469
they've really don't such a beautiful job
at like connecting in with those delight moments,
512
00:34:32.510 --> 00:34:36.510
right, like, because it does
feel fun to get work done right,
513
00:34:36.670 --> 00:34:38.659
like to get like those two do
listen and some that's like one of
514
00:34:38.699 --> 00:34:42.179
the fucking highlights of my day.
And so, you know, when you
515
00:34:42.219 --> 00:34:45.219
see that the Unicorn, you start
to connect the motion more with them and
516
00:34:45.300 --> 00:34:46.900
their product and their brand. So
they do it really well. I think,
517
00:34:46.900 --> 00:34:50.380
you know, we mentioned drift before. Drifted done a great job not
518
00:34:50.460 --> 00:34:53.929
only of category creation around conversational marketing, but I think they've done a great
519
00:34:53.969 --> 00:34:59.170
job with kind of telling a bigger
story right because, you know, I
520
00:34:59.570 --> 00:35:02.090
think they started from pretty humble beginnings
and I'm big fan of the team a
521
00:35:02.130 --> 00:35:06.610
drift and a lots of them personally. And but you know, I mean
522
00:35:06.730 --> 00:35:09.519
essentially, like chat bots for your
website isn't typically the thing that you would
523
00:35:09.519 --> 00:35:15.079
think of as being a super kind
of like sexy thing. Sure, but
524
00:35:15.199 --> 00:35:19.480
I think they've done a really good
job at kind of like helping people realize
525
00:35:19.559 --> 00:35:22.150
it like that is like, you
know, your home page or your website
526
00:35:22.230 --> 00:35:25.829
is effectively you know, you're a
retail store today and in our world,
527
00:35:27.030 --> 00:35:30.630
and so you know, just like
you wouldn't have kind of like a closed
528
00:35:30.750 --> 00:35:34.429
sign, you'd have someone there greeting
people, like their product can do that
529
00:35:34.670 --> 00:35:37.940
for you. And so I think
they've done a really good job at kind
530
00:35:37.980 --> 00:35:43.780
of like elevating the importance maybe of
that category. And I think part of
531
00:35:43.820 --> 00:35:45.019
that through, you know, category
creation, but part of it's also just
532
00:35:45.099 --> 00:35:50.010
through like really good marketing tied back
to the values that, you know,
533
00:35:50.050 --> 00:35:53.329
their buyers care about, which is
like revenue and efficiency and sales. Yeah,
534
00:35:53.570 --> 00:35:58.570
interesting image. This two examples,
because Asana is competing in a pretty
535
00:35:58.610 --> 00:36:00.889
crowded space, like I don't know
how many dozens of productivity tools out there,
536
00:36:00.969 --> 00:36:05.039
but a lot. Yeah, yeah, and certainly they haven't gone down
537
00:36:05.119 --> 00:36:07.960
the path of trying to create a
new category, but they've differentiated through their
538
00:36:08.039 --> 00:36:12.480
braining and this idea. You mentioned
the word joy, which is not true.
539
00:36:12.519 --> 00:36:15.840
I'm a word I think you could
ascribe to many other productivity tools.
540
00:36:15.840 --> 00:36:20.349
So it's interesting that that jumped out
to you and that makes a lot of
541
00:36:20.389 --> 00:36:23.150
sense when you talked about the UNICORNS
and like the other elements and the user
542
00:36:23.230 --> 00:36:28.070
experience that make it really fun to
use. But then withdrift, they are
543
00:36:28.190 --> 00:36:31.030
of course they are going down the
path of category creation, but I also
544
00:36:31.150 --> 00:36:35.179
say see them doing a great job
with a branding as well, and that
545
00:36:35.579 --> 00:36:39.179
like they talked about this idea of
conversational or sorry, yeah, conversational marketing
546
00:36:39.420 --> 00:36:44.460
was about, say, intelligence and
and it's like this idea of like these
547
00:36:44.780 --> 00:36:49.210
you know now like live conversations.
No, delays and when you look at
548
00:36:49.329 --> 00:36:52.730
like the colors they've used, like
they've got these Viron ors, it's almost
549
00:36:52.769 --> 00:36:55.690
like this graffiti type visual set.
A very good job with that. Yeah,
550
00:36:55.769 --> 00:37:00.130
and it kind of conveys this idea
of likes things that are like happening
551
00:37:00.170 --> 00:37:02.440
right now. There's like this energy
behind it, which is great to see
552
00:37:02.440 --> 00:37:07.960
them not just doing category design will
but also using braining to support like like
553
00:37:07.079 --> 00:37:12.440
a visual version of of like the
core problems are trying to talk about totally.
554
00:37:12.639 --> 00:37:14.440
And you know, it's funny that
you say that. Like yeah,
555
00:37:14.480 --> 00:37:17.590
in crowded space is like I think
that's definitely sometimes a challenge, right,
556
00:37:17.670 --> 00:37:23.989
because you know when you're and I
think brands often oscillate between using descriptive language.
557
00:37:24.070 --> 00:37:27.949
So like let's use kind of you
know, Sonos, example. I
558
00:37:28.030 --> 00:37:30.980
like descriptive language, in my mind, is like project management software, yeah,
559
00:37:31.500 --> 00:37:37.980
versus kind of like a motive values, output driven language, which would
560
00:37:37.980 --> 00:37:40.860
be like, you know, right
now their tagline is, I mean it's
561
00:37:40.860 --> 00:37:45.090
like make more time for the work
that matters most, okay, which is
562
00:37:45.090 --> 00:37:47.329
a little bit wordy and want they
used to be used to be a little
563
00:37:47.329 --> 00:37:52.489
bit more distinct. Team works right
now is like working together full stop,
564
00:37:52.610 --> 00:37:54.570
beautifully. Right. So, like, if you compare them to like that's
565
00:37:54.570 --> 00:37:58.250
very similar. Make more time for
the work that matters most. It's like
566
00:37:58.369 --> 00:38:01.880
a motive working doing the right work
and working together beautifully. So I think
567
00:38:01.920 --> 00:38:07.239
the challenge sometimes can be right when
you start to go down those emotive paths,
568
00:38:07.639 --> 00:38:10.280
is that it's yes, you sound, you all start to sound semi
569
00:38:10.440 --> 00:38:15.550
similar. And also for like some
buyers, they may come to your side
570
00:38:15.630 --> 00:38:19.070
and then just be a little bit
confused around, like what is it you
571
00:38:19.150 --> 00:38:22.190
actually do? Right, like so
I'm on slack right now, their website
572
00:38:22.269 --> 00:38:24.789
and there's is, you know,
their tagline on their home pages. Whatever
573
00:38:24.909 --> 00:38:28.539
work you do, you can do
it all. So you can do it
574
00:38:28.659 --> 00:38:30.340
in slack, which is high level. I can understand that. It kind
575
00:38:30.340 --> 00:38:32.980
of pulls me in. It makes
me them want to keep reading a subhead
576
00:38:32.980 --> 00:38:36.739
which is like gives your team the
power and Aligne. Mean you need to
577
00:38:36.739 --> 00:38:39.059
be best work. So, like
they've definitely going down like the outputs and
578
00:38:39.099 --> 00:38:45.530
the values messaging right, like they're
not saying the world's number one like internal
579
00:38:45.570 --> 00:38:50.369
chat system or like, you know, chat APP or messaging APP. Yeah,
580
00:38:50.730 --> 00:38:53.409
and I guarantee you they would have
gone down that path early on,
581
00:38:53.969 --> 00:38:58.320
like when I was solidifying like who
they were, and I think once you
582
00:38:58.400 --> 00:39:00.920
start to get momentum and you start
to see like the organic and the viral
583
00:39:01.159 --> 00:39:07.159
growth, then I think you've got
word of mouth marketing driving your messaging around
584
00:39:07.320 --> 00:39:09.230
what your product does. Then you
can start to play a little bit more
585
00:39:09.389 --> 00:39:13.869
and the emotive world. That's just
like my media sort of like dut take
586
00:39:13.949 --> 00:39:15.429
on it. Yeah, yeah,
with that message you just read me to
587
00:39:15.469 --> 00:39:20.869
slack. It almost suggests that you
maybe have an idea of what slack does,
588
00:39:20.989 --> 00:39:23.150
like it's communications by form, and
now they're building on that to say
589
00:39:23.619 --> 00:39:27.820
you can actually do all your work
in slack or I can't remember the exact
590
00:39:27.900 --> 00:39:32.099
messaging, but it kind of reminds
me of the way BMW went back and
591
00:39:32.139 --> 00:39:37.619
forth with their messaging. So for
years they used the ultimate driving machine,
592
00:39:37.699 --> 00:39:42.090
which is like a very clear,
like positioning statement around it's like an engineering
593
00:39:42.170 --> 00:39:45.690
base statement. Right, not,
certainly, certainly not a motive. But
594
00:39:45.769 --> 00:39:49.889
then they a few years ago they
shifted to this idea of joy, I
595
00:39:50.010 --> 00:39:52.079
guess, kind of like a sauna. I can't remember the catch phrase.
596
00:39:52.119 --> 00:39:54.800
It was like the power of joy
or the joy of driving something like that,
597
00:39:55.360 --> 00:39:59.079
and then they shifted back to the
ultimate driving machine, I think,
598
00:39:59.079 --> 00:40:01.480
after them, which would think is
a pretty common thing, and I you
599
00:40:01.559 --> 00:40:06.039
know, I think it's probably worth
noting that. Like, you know,
600
00:40:06.159 --> 00:40:09.829
the average ten of a CMO right
is like a couple years. And you
601
00:40:09.909 --> 00:40:13.710
know, I think depending on like
of the study you see, like it
602
00:40:13.789 --> 00:40:16.110
might be, you know, eighteen
months, it might be twenty four months.
603
00:40:16.150 --> 00:40:21.539
But I think what I tend to
see happen is companies like if they
604
00:40:21.579 --> 00:40:24.460
don't find the right Cmo, they
then they don't know what they they don't
605
00:40:24.500 --> 00:40:28.099
know, and so like they don't
like what it was. The new CMA
606
00:40:28.219 --> 00:40:30.980
comes in, they change it to
be too far right and then they don't
607
00:40:30.980 --> 00:40:35.219
like that. Person Leaves and then
they bring another Cmil and the make it
608
00:40:35.340 --> 00:40:39.090
too far left and and I think
kind of like marketing and tech anyways in
609
00:40:39.250 --> 00:40:44.409
bad world, is kind of like
still in a bit of an optimization phase
610
00:40:44.489 --> 00:40:47.449
where, you know, I think
for like the last five ten years we've
611
00:40:47.570 --> 00:40:52.159
been, I was in industry,
maybe over indexing into like data driven demand
612
00:40:52.360 --> 00:40:57.239
and marketing focused on conversion and not
a not enough on my kind of like
613
00:40:57.440 --> 00:41:00.000
brand and emotion. And now you're
seeing a lot more brands, some of
614
00:41:00.000 --> 00:41:02.239
the ones that we've been talking about, just a lot of the you know,
615
00:41:02.519 --> 00:41:07.869
more popular brands today leaning much more
into branding and into messaging, and
616
00:41:07.989 --> 00:41:12.750
and I guarantee, you know,
in a few years will have another course
617
00:41:12.829 --> 00:41:15.949
correction right where we'll go too far
in that direction and not be driving enough
618
00:41:15.949 --> 00:41:19.500
of the metrics and then we'll kind
of maybe land in the middle or maybe
619
00:41:19.539 --> 00:41:21.940
go too far the other way right. I think that's just like a bit
620
00:41:22.019 --> 00:41:24.860
of a natural ebb and flow.
Yeah, yeah, it's almost like a
621
00:41:24.940 --> 00:41:28.780
pendulum. And we know, we
had all these tools that were introduced to
622
00:41:28.940 --> 00:41:32.409
us with marketing automation and digital marketing
and all the other things that that allowed
623
00:41:32.409 --> 00:41:37.170
us to do, and so we
got very focused on the mechanics of marketing
624
00:41:37.769 --> 00:41:40.889
and and I have really shifted away
from how, you know, brands can
625
00:41:42.010 --> 00:41:45.010
end and I think is world right. Like, I think what's actually important
626
00:41:45.050 --> 00:41:46.440
to think about, and this is
where I guess, you know, I'm
627
00:41:46.480 --> 00:41:52.000
a little bit kind of like cautious
with sometimes categories or these platforms that kind
628
00:41:52.039 --> 00:41:53.519
of say they can do everything,
is that, you know, to your
629
00:41:53.559 --> 00:42:00.000
kind point to stand, like there
has been such an explosion in software and
630
00:42:00.079 --> 00:42:01.949
in technology right and, you know, thankfully, like we've been able to
631
00:42:02.030 --> 00:42:05.789
ride that wave, and that's why
I'm you know, millions of people come
632
00:42:05.869 --> 00:42:09.389
to g to every week to find
software for their business. But I think
633
00:42:09.949 --> 00:42:15.590
what's happened, though, is a
lot of you know, software companies to
634
00:42:15.780 --> 00:42:19.500
try and drive, you know,
like double digit, like a hundred percent
635
00:42:19.539 --> 00:42:23.059
year every year, sort of growth. They've sold vapor were right, they've
636
00:42:23.099 --> 00:42:28.340
like sold messages around what their products
can do, and more often than not
637
00:42:28.420 --> 00:42:30.809
their product can't live up to that
right. And I think, you know,
638
00:42:30.889 --> 00:42:35.849
it's still we're still another point where
like every company is like totally like
639
00:42:35.969 --> 00:42:38.969
data first, data driven, and
it's still not that easy to connect up
640
00:42:39.010 --> 00:42:43.570
all of your different tools and use
and properly. And so, long story
641
00:42:43.650 --> 00:42:46.920
short, like it don't think today
it matters how good like each point solution
642
00:42:47.119 --> 00:42:52.360
is, because a lot of the
time you have technical, like technology debt
643
00:42:52.440 --> 00:42:55.519
between your current platforms you use and
then your new platforms, and if the
644
00:42:55.599 --> 00:42:59.909
data can't like sync up and connect
with them more properly than you know,
645
00:42:59.989 --> 00:43:02.789
if we use kind of revenue intelligence
you mentioned earlier with Gong, if they
646
00:43:02.909 --> 00:43:07.230
can't kind of like pull in all
of that data from your crm properly.
647
00:43:07.429 --> 00:43:12.070
The then connect kind of their own
analytics with kind of the output sales to
648
00:43:12.150 --> 00:43:15.940
then start to learn about your exact
sale cycles and things. You know,
649
00:43:16.019 --> 00:43:19.619
their tool will never be able to
be as smart as it could be,
650
00:43:19.900 --> 00:43:23.300
right because it's like the limited by
your data inputs from other sources. And
651
00:43:23.420 --> 00:43:28.170
so I just think like that something
that's like worth calling out as I like,
652
00:43:28.210 --> 00:43:30.969
we're still, I think, pretty
early days. Like there's so many
653
00:43:30.090 --> 00:43:35.650
great solutions out there, but there's
still aren't a ton of examples where people
654
00:43:35.690 --> 00:43:38.650
have connected all of those things really
perfectly just yet, where it works,
655
00:43:38.730 --> 00:43:43.519
doesn't break and people are really getting
like uplift for the amount of money that
656
00:43:43.559 --> 00:43:46.079
they're spending on software. Yeah,
now that reminds me of a tool I
657
00:43:46.159 --> 00:43:50.559
used, for try to use a
few years ago, where that was supposed
658
00:43:50.599 --> 00:43:54.320
to get a lot more insight on
what events on our website led to certain
659
00:43:54.320 --> 00:44:00.429
outcomes, and we just couldn't get
the data clean enough and normalize. Yeah,
660
00:44:00.710 --> 00:44:02.750
really find it anything use. It's
really tough, I think. You
661
00:44:02.829 --> 00:44:07.070
know, I think sometimes I hear
a lot about you know, people often
662
00:44:07.070 --> 00:44:09.780
times at CMO events that I am
out or dinners that I'm hosting or might
663
00:44:09.780 --> 00:44:13.539
be a guest at. Like I'll
hear. You know, they discussion often
664
00:44:13.579 --> 00:44:16.699
times about attribution comes out right like
first touch, last such multituch like weight
665
00:44:16.739 --> 00:44:22.739
at all the different types. And
I like oftentimes think like marketers like spend
666
00:44:22.739 --> 00:44:27.849
a way too much try time trying
to like over optimize attribution and realistically,
667
00:44:27.889 --> 00:44:30.449
like they're never going to get a
perfect and there are other things that you
668
00:44:30.489 --> 00:44:36.050
could spend your time focusing on to
drive like better results. And Yeah,
669
00:44:36.050 --> 00:44:38.000
I think sometimes like you can kind
of just lean a little bit too hard
670
00:44:38.039 --> 00:44:43.719
into certain areas. And Yeah,
so I think like any software that kind
671
00:44:43.719 --> 00:44:45.199
of says it's going to solve all
of your issues, like I would be
672
00:44:45.280 --> 00:44:50.199
a little weary. Yeah, yeah, at a certain point you can't rely
673
00:44:50.360 --> 00:44:53.909
on data or split testing or multi
very testing, whatever you're you want to
674
00:44:53.949 --> 00:44:58.909
call it. You just have to, you know, use your use your
675
00:44:58.949 --> 00:45:00.949
instinct, use your gut, use
your use what you learned and make some
676
00:45:01.030 --> 00:45:05.789
thoughtful decisions and then just have the
courage to run with it totally. Right,
677
00:45:05.869 --> 00:45:07.980
like, you know, let's use
a really basic software category like email
678
00:45:08.019 --> 00:45:10.820
marketing as an example. Right,
if you're like starting up and building a
679
00:45:10.900 --> 00:45:15.099
company. You know, you might
have been told that you need to do
680
00:45:15.179 --> 00:45:19.179
a be testing. The reality is
like you're never gonna be able to do
681
00:45:19.500 --> 00:45:23.130
baby testing where it works for you. Maybe ever. You know, like
682
00:45:23.489 --> 00:45:25.769
you know when I was at hub
spoilt, and even the exact target,
683
00:45:25.849 --> 00:45:30.929
you know, it wasn't unless we
were sending emails to like millions of people.
684
00:45:30.050 --> 00:45:34.769
oftentimes, whereby and again you can
do some tests that, like what
685
00:45:34.889 --> 00:45:37.920
you're testing is so dramatic the results
be big enough. But often times you're
686
00:45:37.960 --> 00:45:44.519
not doing dramatically different tests because,
like you've already gotten things like pretty optimized
687
00:45:44.559 --> 00:45:47.159
and you're testing smaller things and they
don't drive a big enough change. So
688
00:45:47.239 --> 00:45:51.349
then give you statistical significance so that
you can then say, okay, like
689
00:45:51.750 --> 00:45:55.110
this test categorically one. We know
it wasn't just by chance, like it
690
00:45:55.309 --> 00:45:59.190
was the change that we made.
The reality is like if you're like starting
691
00:45:59.230 --> 00:46:01.269
to build an email list and you're
a small, medium business, like you
692
00:46:01.389 --> 00:46:06.139
know, you might never have more
than a thousand contacts and your email list
693
00:46:06.300 --> 00:46:09.659
or even tenzero, and you most
likely need a lot more than that to
694
00:46:09.739 --> 00:46:15.820
get like statistical significant. So I
just think like sometimes it's worth. Companies
695
00:46:15.820 --> 00:46:19.010
won't oftentimes share that sort of input. Right. They'll up so you to
696
00:46:19.090 --> 00:46:21.849
get more features so you can do
AB testing with they won't and tell you
697
00:46:21.929 --> 00:46:24.690
that maybe testing isn't something that you
will ever actually get value out of until
698
00:46:24.730 --> 00:46:28.929
maybe ar five. Yeah, yeah, well, I think it's a great
699
00:46:29.329 --> 00:46:31.530
kind of reminder to conclude the interview
with. You know, if you're going
700
00:46:31.610 --> 00:46:36.159
down this path of category designed,
if you've got a new problem you're solving,
701
00:46:36.199 --> 00:46:38.039
that's that's great, but what you're
saying is, look, you can't
702
00:46:38.039 --> 00:46:44.079
get so far ahead of yourself that
you end up causing frustrations with by setting
703
00:46:44.079 --> 00:46:47.309
the wrong expectations or selling they perware. You really have to be mindful about
704
00:46:47.829 --> 00:46:53.710
offering something that's truly valuable, truly
unique and truly usable today. Yeah,
705
00:46:53.750 --> 00:46:57.550
absolutely, and I think like,
well, it's usable or valuable, took
706
00:46:57.869 --> 00:47:00.739
to you know, your by doesn't
necessarily need to be disruptive, right.
707
00:47:00.780 --> 00:47:05.460
I think like we get often a
little caught up in this idea that like
708
00:47:05.659 --> 00:47:10.179
category creation or kind of category success
or even company success needs to be because
709
00:47:10.260 --> 00:47:15.219
you're disrupting, you know, the
big incumbents and this big old school space,
710
00:47:15.300 --> 00:47:17.849
like there aren't many companies that do
that and do that successfully right.
711
00:47:19.010 --> 00:47:24.050
Like you can disrupt competitors by focusing
on a lot of other things and more
712
00:47:24.130 --> 00:47:28.530
niches and pricing and features, and
you know, that's like a more,
713
00:47:28.570 --> 00:47:31.800
I think, like incremental way to
think about category creation, of category success,
714
00:47:31.880 --> 00:47:36.960
versus like category disruption necessarily. So, yeah, just have different ways
715
00:47:37.000 --> 00:47:38.800
to kind of skin the cart.
That's great. All right. Well,
716
00:47:38.840 --> 00:47:42.960
we're almost out of time, but
any other advice or pointers you want to
717
00:47:43.000 --> 00:47:45.670
leave our listeners with? No,
I mean, I hope this was useful
718
00:47:45.789 --> 00:47:51.230
really to folks. And you know
I'm super active on social and online,
719
00:47:51.269 --> 00:47:53.750
and so if anyone has like listen
to this and as a question they can
720
00:47:53.789 --> 00:47:58.699
email me, Ryan at GTWOCOM or
you know Ryan, but each is my
721
00:47:58.980 --> 00:48:02.659
like handle on all the social medias. So anyone one so you know,
722
00:48:02.780 --> 00:48:07.500
get act on social, very happy
to chat. I'll do I guess that's
723
00:48:07.579 --> 00:48:13.170
technically online, but anyway, yeah, me, either way. All right.
724
00:48:13.289 --> 00:48:15.809
Well, it's great being with you
today. Ryan. Thanks for all
725
00:48:15.809 --> 00:48:19.130
the advice he shared. It was
a pleasure to have you on. Thanks,
726
00:48:19.170 --> 00:48:24.849
John. Need to see time.
Take care by okay, that wraps
727
00:48:24.889 --> 00:48:30.079
up this episode of the Category Creation
Series. I hope you enjoyed it and
728
00:48:30.559 --> 00:48:34.280
this episode made you, in at
least some small way, a better marketer.
729
00:48:34.679 --> 00:48:37.280
If you have questions about this episode
or want to talk further about messaging,
730
00:48:37.480 --> 00:48:42.869
positioning or category creation, my name
is John Rougie and you can reach
731
00:48:42.949 --> 00:48:49.670
me at John at flag and frontiercom. That's John at flag and Frontiercom,
732
00:48:49.869 --> 00:48:52.949
or you could look for me on
Linkedin. Thanks for listening. I'll see
733
00:48:52.949 --> 00:48:59.380
you next time. We totally get
it. We publish a ton of content
734
00:48:59.500 --> 00:49:01.699
on this podcast and it can be
a lot to keep up with. That's
735
00:49:01.739 --> 00:49:07.260
why we've started the BB growth big
three, a no fluff email that boils
736
00:49:07.340 --> 00:49:12.010
down our three biggest takeaways from an
entire week of episodes. Sign up today
737
00:49:12.130 --> 00:49:17.650
at Sweet Phish Mediacom Big Three.
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