Transcript
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Yeah.
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Welcome back to BBB growth. I'm Dan
Sanchez with Sweet Fish Media. And
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today I'm joined by Sandra Menagerie,
who is the co founder of Terminus and
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the author of A B. M is B two b. Sandra.
Um, thanks so much for joining me on
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the show today. Dan excited to be here.
I'm glad we were able to make it happen.
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Absolutely. As everybody listening to
this knows I did a deep dive into
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account based marketing through the
month of February. Going from as a B
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two c market are transitioning to be to
be, it's been a fun journey. I've
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learned a lot about account based
marketing, and I've certainly learned
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that Sandra is the man when it comes to
account based marketing. In fact, when
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I first started on the journey and
asked for book recommendations, a B. M
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s B two B was by part of the most
recommended book that people are like,
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Oh, have you checked out this book?
Have you checked out San Graham's book?
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Have you heard from San Graham? You
were definitely the most frequently
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mentioned person when it came to
getting into this topic of account
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based marketing, which I think is but
Daniel while. But it's definitely
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picked up over the last five or six
years would term in us, and you have a
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new book coming out, and that's what
we're gonna be talking about in this
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podcast recording today. So, Sandra, um,
I'd like to even start before jumping
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into the book talking a little bit
about, like, account based marketing
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like you started Terminus 56 years ago
and naturally, like the category, the
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whole meaning behind that word has
evolved over time. So, like where has
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it come? And since the time you've
actually founded the company well, two
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things. One. You'll have to give me the
list of all the people who dropped my
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name so I can send them all 10 bucks
every time they did that. That that
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that's really what's happening there.
But I appreciate and I love the fact
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that you actually went deep and read as
many books and as many different ideas
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that are around it, because that's
going to make this conversation super
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rich. For me, the A B M is B two B was
the second book, and quite frankly, I
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remember this conversation with my
publisher. They're like, All right, let
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me get this straight. You want to write
a book that has two acronyms in the
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title, which is typically it has never,
ever happened before. And what the heck
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are those? Like, what is a B M and what
is B two B? And I'm like, If you don't
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know, then you don't need to read the
book. I just know this is the audience.
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And if if they don't know a b M or they
haven't heard the word, the letters a B
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M, then they don't need to read the
book. This is not for them. So I was
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very intentional about making sure that
it is as provocative as it can be in
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order for people to just get a shot in
the arm and say, Well, is that really
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or is it not? And the title itself came
from the sales team,
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and I don't think most people
understand that. Part is it came from
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the sales team, and I was I'm writing
that my third one like that. I think a
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lot of people start coming up with the
title first and then to write the book.
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I typically try to write the book and
then come up with the title, and the
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reason is you learn a lot about what's
going on and you have to let your ego
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go aside and actually just be again a
student off it. So that's how I became
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the author of the second book on a B. M
s B. B was just I just became a student
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of a B M. And then to answer your
question more directly on what has
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changed, I felt like that's literally
the evolution in the book. Earlier,
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when we wrote the A B M accounts
Marketing for Dummies, that Valleys
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published my first book, I honestly
just thought it's a better mousetrap.
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It's a better acquisition. The whole
flip my funnel movement was about Hey,
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look, why go after indie and everybody?
Why not go after the right accounts if
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you know you can serve them the best?
And that's really what my thesis for
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the first book that's part of the
thesis for Launching Terminus and
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what's interesting is over the years I
would constantly see people running all
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kinds of campaign that were very
different than acquisition which is
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what led me to like, Wait a minute,
What are they running? And really even
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even deeper? It seemed like, Whoa,
marketers are now running pipeline
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velocity campaigns. That was a very big
and new idea, and probably still a very
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big A new idea for a lot of people
because marketers typically stop at the
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acquisition because that's what their
goal is. But modern organizations would
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want marketers to go all the way to the
sales part all the way to closing the
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deals. So I saw a pipeline velocity
become a big deal, meaning, If you have
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deals in your pipe, you should be
working on it. As a matter of fact,
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then I would I would literally go on
record and say that in every
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organization right now, listening to
this if they stop acquisition whenever
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this goes launched, let's just say it
gets, you know this podcast is launched
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in March April. If you stop acquisition
completely, chances are, you might say,
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Oh, no. Then we're not gonna hit our
numbers. You actually will still hit
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the numbers if you focus on your
pipeline. As a matter of fact, you
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might actually break the record and hit
better numbers at the end of the year
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from A from a revenue perspective. If
you only focus on the pipeline and the
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reason is quite simple, those accounts
that are in your pipeline are the ones
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that raise their hand and said, We're
going to buy from you or your
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competitor. So marketing, not working
and helping the sales team to close
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those accounts is the greatest tragedy
of marketing, quite frankly, very
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dramatically. So. So why? I started
seeing modern organizations focus on
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pipeline velocity and even further, as
I have in the book Thomson Reuters, a
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big, massive company and others, they
started focusing on expansion deals.
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They're like, Look, we got more than
one product. We already know these
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accounts. These are our customers. They
love us, and we want to make sure that
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we can now up sell cross sell. I like
to call observing them with new
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services that we have, but they don't
know. They just know us as a company X,
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but we do five other things. So they
started creating expansion. So that's
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really what led me to this
understanding and feeling like, man,
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this is bigger than acquisition. This
is bigger than marketing automation. So
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when I interviewed and had a lot of
sales people part of the process, I
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remember every time everybody coming in,
that's just better marketing. That's
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just be to be that I mean people.
People will say that flippantly, and I
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started to make a note of it, and I'm
like, That's what people are saying And
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that became the title of the book. So
my whole journey thesis from being just
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an acquisition only story turned into
more of like the way marketing should
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work and sales should work. Hey, man,
I'm drinking the Kool Aid honestly,
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after doing the deep dive, that was one
of the things I was trying to figure
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out is, Is this just a better form of
marketing? And my conclusion after
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doing it was like, No, this is very
different because you can't You can't
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do this and be to see like this doesn't
work in B two C In most situations,
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right? There's probably some obscure
situations where you can still do this,
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but in most cases like this is very
much a B two B strategy that maybe btg
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right, because there's a lot of
similarities there, but it's kind of
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like this is a very particular thing.
There's a good definition of it.
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There's a good approach to it. There's
a way you can measure it as differently
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than what you're doing with other
marketing activities. It's very well
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defined. Uh, I even got into a long
conversation with a lot of people two
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weeks ago on actually picking apart
demand Jin as a cat as a category, I
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was like demand. Jin is actually harder
to define its very loosey goosey on its
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definition. I'd almost make an argument
that demand GEN as a category is much
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more closely to just good marketing. A
B M is very specific. You can literally
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do all your normal marketing stuff and
do a B M as this whole separate
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activity. I do have a question for you
mentioned. If somebody stops doing
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acquisition that they would be able to
do better in their pipeline, do you
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mean that they were just reallocate
funds to doing the marketing and
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advertising to those who are in their
pipeline or just dropping it all
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together? And do you mean that they
would like focus like have more focus
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for the pipeline like What do you mean?
But honestly challenge everybody to
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literally say, Let me let me put it
this way When I used to go out and
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speak like not not virtuous, it's kind
of doing a lot of it. It's hard to get
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super audience participation on it, but
I will typically speak at events and
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say Raise your hand if you send a
newsletter and almost every person in
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the 3000 people they raise their hand
and like Great, Now keep your hand
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raised. If nobody if the people you're
sending to and if you say let's say you
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stop sending your newsletter next week
or next month, you'll have somebody
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pick up the phone or email you back and
saying, Hey, why didn't you send your
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newsletter? I was waiting for it. Raise
your hand if that actually ever
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happened to anybody, none? None. And
I'm like, Well, that's the challenge.
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That's the problem in nutshell that
we're doing what we feel is right.
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We're not doing what the what the
customer feels is right. So if we take
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out 80% of the activities that actually
marketing does, that is demand Gen or
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Awareness. They actually do nothing.
They really don't drive revenue. They
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really don't create business. It goes
back to the staff from Forest, or less
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than 1% of the lead started to
customers is just a fact. So with that
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as the backdrop of it, my challenge for
organization is that, honestly, if you
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recognize that 80% of stuff you do
don't really drive business value or
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drive revenue, then why not just drop
it? No, don't do it. And instead of
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that, you will now have all this time
and all these resources and all these
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budgetary opportunities that you have
and actually focus on the 50 deals that
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are in pipeline that are supposed to
close in the next three quarters. Go
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ask any salesperson. What are your top
deals you're working on? They don't
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need to look at any stinking CRM. No,
they know it in their head like, Hey,
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here are my top 10 deals that's going
to help me close my quota and actually
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make revenue. And that's how I put food
on the table from my family when you
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know that. And if they say if the
marketing team can now create unsalable
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experiences for those 50 accounts. My
bet is on that that you can close a lot
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of those 50 accounts. The problem is,
we try to scale everything. We try to
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dilute everything. We try to create
things that nobody really wants and
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then wonder what we need. More budget
to do, different things. But I'll
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challenge instead of asking for more.
How about cut it out? Stop creating any
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books that nobody is reading. Stop
creating social posts that actually get
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zero likes or favorites or engagement
on it. Stop sending newsletters every
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week or whatever. If if nobody if you
never. If you didn't send that, If
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nobody's gonna cry, then what will
happen for a month or two months if you
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just stop doing that? And I promise
people will find more time, more budget,
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more resources and the sales team will
love you. And that's how you actually
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drive business impact. Hey, there's a
lot of things you said in there that I
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was like, Yeah, absolutely. I'm doing
it. Uh, I was spending like 90% of our
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budget just targeting everybody, or at
least the segments that I was carving
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out on Facebook and Google very typical
Legion type approach. And after doing
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the series, I'm like Nope, now, at
least through we have a smaller budget.
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So LinkedIn ads becomes kind of like
the best place where I can actually
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just target the exact companies we want
to target. I'm like I'm dropping 80 to
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90% of my budget on that and, of course,
retargeting. Once I can get them from
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Lincoln to our website. But I know I
have control over a little bit more
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control over which accounts are
actually seeing it. I'm like I'm pretty
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much shifting all my ad budget that way.
It just makes sense A B M just makes.
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Since if I would have been able to do
this in B two c and could only target
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the people who had the means and we're
in somewhat in the market for what I
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could sell, then I would have only
targeted them. But there's no way to do
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that and be. But in b two b, you can
know what you just said. I wish it
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should be an auto play For every person
who listen every morning as they drive
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or get on the call get their coffee on
is like If you are in B two B, it's a
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privilege right now because we always
have. The other person has a better
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like green or yard right, like there's
just a feeling that everyone Oh, I wish
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I wasn't B two c It's more sexy. We
could do really cool things. We can
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just run a bunch of email campaigns.
You know, if you are in B two c, you
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have absolutely no idea how and who you
can serve all the time, like there's
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just so much pressure on driving
revenue immediately a regular basis.
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Sometimes it works. Sometimes it
doesn't. You create all these brand
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campaigns hoping that things would
happen. But you're not not necessary.
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As an example, I drive a Jeep gladiator.
So people who are in Jeeps, they will
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be like, Oh, that's really cool. But
who? I mean, how did how did they
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target me? How did they get me like it
was 10 years ago when I was like almost
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15 years ago when I was in University
of Alabama and I would see Jeep jeeps
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all over the place and I'm like I want
to run on a Jeep one day like that just
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became a dream and I saw ads and I saw
people and all that stuff, and I went
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and bought a Jeep gladiator. Well, how
in the hell who gets credit for it in B
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two C like who will get credit for that?
Like it's It's really hard. But in b
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two b, you know the 500 accounts that
you can serve the best you know, who
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are the accounts that you can actually
make People get promoted in their
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organization if you serve them better.
You know what pain points they have and
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how many people are in the decision
making process. So if you know all that,
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you have a privilege, and I think
people need to take responsibility for
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it. Absolutely. And honestly, you got
to take responsibility for the
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marketing budget you've been entrusted
to actually spend better. But we're
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home a fan boy, you are clearly a fan
of a B. M. You've written two books on
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it. So when we know where a bms bim I'd
love to learn from you, Sandra, um, a
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little bit more about where you think
the whole category is going. Things are
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changing viewpoints on a BMS changing
technology is changing. A lot of
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interesting things going on. Even what
cookies and all those kinds of
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technological things changing. Um, and
the category is expanding is getting
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bigger. People are getting better at it
with all these things going. And you've
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been in the category for so long now,
like, where do you see it going? And
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tell me a little bit about like where
your book fits into it is. I'd love to
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learn about what you're writing, where
you see it going. So give me. Give me a
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glimpse of the future. Well, well, here
we go. You know, in order to see the
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future, we always have to know where we
came from, right? So, uh, it's it's
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important to recognize that as we go
and look at the evolution of it, we we
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see that email was a big part of what
marketing did and and it still is doing.
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And that was a big category at one
point. And then, uh, it just became a
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part of what marketers do you. Then you
look at marketing automation that
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became a big part of what marketers do,
and everybody now uses marketing
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automation. But these are all
technologies. Ultimately, the reason a
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BM became so phenomenally big compared
to any of these two things where these
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two became a subset of the A B M is
because it is a strategy. It's not a
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tool like anybody who comes and says to
me how we use Terminus and I'm doing a
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B M. I'm like, No, you're not. You're
doing a B M to the best ability that
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terminus allows you to do. But if
you're not doing direct mail and not
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using PFL or Alice or any of these
folks, you're not creating high tech
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and high touch experiences. If you're
not using something like outlook
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outreach or sales loft and creating
those cadences, your you don't have
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your sales team baked into it. So, no,
you're not doing a B M because you use
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one software. You you do A B M, and you
actually have a holistic strategy
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around an account that you're going
after. So So that's why a B M is so
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much more bigger in value evaluation
and all that stuff, but it still took
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me six years than six years to convince
the analyst world to put and put us on
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a wave six years for Forrester to
create an a medium wave that that they
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didn't create. And until they create a
VM like like, way for your product, it
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is actually not a truest of category,
because when you create a wave, you
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actually become an enterprise class
solutions. So now, finally, when they
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created last year, where A B M has now
become a something that that's actually
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where enterprises where RFEF are needed
where companies saying, We've got to do
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this, who are the best on top right
quarter and let's have them comments.
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So finally, after six years, so it
takes a long time is a big lesson for
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me and that, like when you think about
creating categories, what now I see
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when I see the future and what I'm
writing on right now is a new North
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Star. Because all of that email
marketing automation was about helping
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marketers get their job done easier,
maybe faster, Um, in a in a tactical
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way, a B M elevated that to a strategy
that brought marketing and sales
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together and said that we are one team
we need to work together. We gotta have
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the same metrics, the same target
accounts and all the team framework
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that we talk about in the book. But
then I think where I feel we're going
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now is to go to market is like
ultimately, you know, the new North
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Star. For organizations through
understand a B M is actually what is
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their go to market process meaning? How
do I bring not only marketing and sales,
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but also customers success together
that becomes your high performing go to
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market revenue team. And that's what
I'm writing right now about Is that how
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organizations go from an organization
that is focused on leads to then focus
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on accounts to now focus on customers?
Uh, in another way, said it could be
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How do you go from ideation to
transition to execution? Uh, a
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different way, even from the framework
perspective, to think about. How do you
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go from a problem market fit to a
product market fit to a platform market
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fit? And I'm throwing all these phrases
because I want people to recognize that
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as an organization evolves, they will
have to start thinking about it in
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business context and business terms.
And businesses don't always say the
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same things as people in the execution
level. Say so you right now as a
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marketing or sales leader may be
thinking about leads, accounts and
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customers, that's great. But if you ask
your CEO, what is he talking about?
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What is she talking about? They're not
talking about leads accounts in
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customers' they're talking about. Hey,
we are in the transition phase. We are
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in the growth phase. We're in the
execution phase like that's those
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That's the vocabulary they're using. So,
ultimately, where I think the market is
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moving is figuring out what is our go
to market process strategy, Uh, and and
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almost thinking about go to market as a
product itself. Hey, everybody, Logan
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with sweet fish here, if you've been
listening to the show for a while, you
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know we're big proponents of putting
out original organic content on linked
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in. But one thing that's always been a
struggle for a team like ours is to
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00:18:39.000 --> 00:18:42.920
easily track the reach of that linked
in content. That's why I was really
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excited when I heard about shield the
other day from a connection on you
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guessed it linked in. Since our team
started using shield, I've loved how
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it's led us easily track and analyze
the performance of Arlington content
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without having to manually log it
ourselves. It automatically creates
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reports and generate some dashboards
that are incredibly useful to see
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00:19:03.400 --> 00:19:06.840
things like what contents been
performing the best and what days of
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00:19:06.840 --> 00:19:10.300
the week are we getting the most
engagement and our average views
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Again, that's shield app dot ai And
that promo code is B. The number to be
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growth All one word. All right, let's
get back to the show. So how do you
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product is that I mean its go to market
strategies, the whole value creation
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kind of like the whole process that
you're bringing to market in order to
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deliver value. At least that's how I
understand. Go to market. How do you
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actually product is that you said at
the end and I was like Wait, what? Yeah,
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yeah, well, I mean, that's where things
are going. Like we are going to create
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a go to market cloud as a company, but
just like a B M. It's a strategy, so we
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will not have the monopoly on it. Just
like we don't have a monopoly on a B M.
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Anybody can go and create a bunch of A
B M platforms in different pieces to it,
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because there are different pieces to
it. But A B M was very much constricted
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to marketing and a lot of the things
that created very in marketing. So if
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you think about, let's just take our
company as an example Terminus. We made
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four different acquisitions. We were in
ads company when we started. Then we
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acquired bright funnel so that we can
help companies look at analytics from
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all the advertising they do. Then we
acquired Ramble chat so we can create
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personalized experiences where people
on the website, then we acquired
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warfare so we can give them intend data
around what's happening and how do they
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look at the next set of accounts they
need to go after. If you really take a
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step back and think about that makes no
sense. If I said hey accompanies
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acquiring a chat platform and an ad
platform and analytics platform like it
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doesn't make sense, but it makes sense
when you pull that together in a
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strategy, saying, Well, we're helping
you do your A B M strategy. Similarly,
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I feel when you think about go to
market, it is a full on strategy. So in
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a go to market process, you would say I
want to creative marketing solutions,
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customer solutions and sale solution
and all of them need to work together
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in order for us to have one view around
it, have one go to market scorecard.
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I'll give you a very specific example
then that's happening in our
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organization that I believe, is
starting to happen in more and more
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modern organizations. Every Tuesday we
have a team meeting an executive
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meeting, and Mallory Mallory Lee, who
runs our revenue operations. She runs
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that meeting. She opens that meeting.
She opens with a go to market scorecard
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and says that folks, here is the truth.
Here's where we are in the revenue here
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as we are in the expansion revenue.
Here we are, the gross margins and
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gross profits. She literally puts the
gold market scorecard and then the
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conversation begins. And then we get
into priorities from last entire year.
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That is exactly every single executive
meeting has started. So I think
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marketers need to recognize that what's
really happening at the C level at the
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C level. They're talking about business
outcomes in terms. So I feel marketing
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is gonna if they want to. Uplevel the
conversation go to market is really
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where they need to get in. It's like,
Well, whatever we do, how does that
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impact our business to to move from
Point A to point B? And I think that's
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a whole strategy, and that will turn
into a product bandit man, that makes
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so much sense. I had somebody asked me.
I had posted that I on Lincoln recently
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that I read every book I could find on
account based marketing, spent 11 books
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and 11 Oh my God, that's a lot. I
didn't realize there were so many 11
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books. Some of them are small and
obscure and written by people that I'd
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00:22:50.930 --> 00:22:54.730
never heard before. I had to go dive
deep and find them all. And I include
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some books that are probably more B two
B in general, but have a good section
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00:22:59.120 --> 00:23:03.130
on a B M like Samantha Stones Book
Unleashed. Possible has a great A B M
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00:23:03.130 --> 00:23:06.860
section, but it's more of a B two b
book. I put James book in there because
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it has, uh, a B M applications for sure
that we use all the time, um, so 11
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different books. There's probably more
I could add eventually, and eventually
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your new book will be on there. But
somebody asked me like, Oh, he was
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asking for a book recommendation. I'm
like, Sure, like, give me, like what?
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Where you're at and like, what flavor,
what kind of thing you're looking for.
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And since some books are better at
different points than others, he's like,
335
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Well, I'd really like to learn how to
bridge make a bridge with account based
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marketing between marketing, sales and
customer service. I was like, Oh, no
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one's written that book yet, but I told
him, like I have a feeling Sandra might
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be writing that book so that book might
be coming out soon. It's funny you say
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that then, because here's here's the
most fascinating thing. Like with all
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my books. I'm huge on research. I'm
really, I mean, I really become a
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00:23:53.210 --> 00:23:58.070
student again. Like that's how it's not
an altruistic egoistic. Well, I got a
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point of view and I'm going to go with
it. It's really I have a feeling, but I
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want to get the right people to get it.
So I interviewed like Brian Halligan CF
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hubspot Manny, you know CF outreach.
You know Sydney itself, like Nick Mata,
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00:24:12.370 --> 00:24:16.590
CEO of Gain Side like a bunch of CEOs.
Bunch of VCs with billion dollar
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portfolios, bunch of CMOs, bunch of
Cros, bunch of analysts. Uh, a bunch of
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a B M. R s. So six different
perspectives as I started writing this
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this book and what's interesting is
that every CEO I asked them who owns go
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to market and that's the same question.
Asked every single one of these six
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different six different leaders. What's
interesting is every CEO said, outside
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of the vision and culture which
obviously the CEO owns Ultimately, um,
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go to market is the one thing that they
absolutely own. No matter if there are
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public company CEO like Brian Halligan,
whose like for the last 30 years,
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that's what I owned all the way to a
startup company CEO saying, Well, if
355
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that if I don't know that, what do I
own? What's interesting is the CMO
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00:25:01.550 --> 00:25:06.690
start with the CRL own set. Well, when
you go to an analyst, they think that
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maybe the CMOs, because they think
about it, is just product launches. So
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it's really interesting that all these
key people who are part of the go to
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market process, that machinery that
takes dreams of founders into reality
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in the marketplace for what customers
benefit from there is a gap there. And
361
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there is that Gap is really where we're
trying to create the understanding of
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like, well, it's a process. I think
Brian Halligan said it the best. He
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said,
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Go to market national. How do you
define it? He said. Well, you know, a
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lot of people go on a weekend trip and
try to figure out what their go to
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market strategy is going to be and come
back and say This is it what he
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realized in 14 years of billionaire
company 200 r r. Right now it was just
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00:25:50.140 --> 00:25:54.730
ridiculous, like 100,000 customers or
something like that now. And he said
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the one thing that he realized is that
go to market is itself. Think about it
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like a product, meaning. Think about
that. It's going to iterate. It's gonna
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change. It's gonna hook up with
different things. It's going to have
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different milestones, and it's a
constant evolution of things. And it
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was really interesting, like he didn't
use the word strategy at all, he said.
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It's not a strategy. Vision is. You
have a vision, but it's not a strategy.
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It's a process, it's a product. So it
was really interesting as I'm going
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through all of these interviews that oh
my God, it's so much more deeper and
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there's so many different ideas that
people have, and I hope that this book
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00:26:30.040 --> 00:26:33.160
distills it out. You know, it's
interesting, actually reminds me a lot
379
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of something I was teaching on
yesterday. I taught a small college
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class and interesting I'm a marketer,
but I was teaching this small class on
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00:26:39.560 --> 00:26:44.370
finance. I mean, I was I was running
them through, like as they were taking
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their entrepreneurship marriage years.
I'm like, there's one thing you need to
383
00:26:46.660 --> 00:26:49.810
understand and finance is kind of like,
you know, the P and L. You need to be
384
00:26:49.810 --> 00:26:52.890
able to take your business idea and
validate it financially like and get
385
00:26:52.890 --> 00:26:55.100
good at doing this in your head like
watch shark tank. They're like
386
00:26:55.100 --> 00:26:58.530
constantly asking questions to figure
out if they have financial, viable
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00:26:58.530 --> 00:27:01.840
models, right? But you need to
essentially stop looking at it as the
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00:27:01.840 --> 00:27:05.900
product and look at it as the system of
delivering the product right. You need
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us not look at what they make. But the
system for making it is that kind of
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00:27:09.270 --> 00:27:12.710
what you mean by a go to market is the
not the product, not not what you're
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00:27:12.710 --> 00:27:15.680
delivering, but the system for
delivering it. You're absolutely right.
392
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I think you need to think about that is
your product. That's what you work on
393
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as the entrepreneur. Don't get caught
up in making widgets. Yeah, you. You
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make the system for making widgets, and
that's your real goal. That's what you
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have to think about? Absolutely. I
think that is that is spot on that.
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That is, it is. It is an act of process.
It is a total process for your creating
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this connected experiences all over the
place. But as a CEO, you actually have
398
00:27:41.040 --> 00:27:45.200
to come up with that and think about it
or challenge your team to do it. And
399
00:27:45.200 --> 00:27:50.410
you have all these teams to execute on
it. But gosh, no CEO talks about leads
400
00:27:50.410 --> 00:27:54.670
and accounts and like, that's not how
they talk about it. So there is a level
401
00:27:54.670 --> 00:27:58.450
of abstraction there, and and how do
you bridge the gap of like, well,
402
00:27:58.450 --> 00:28:01.760
you're talking about? This is the
business phase we are in, and this is
403
00:28:01.760 --> 00:28:06.040
how we are going to execute on that
business phase and and how we go
404
00:28:06.040 --> 00:28:10.160
through it. I think that's the gap that
I hope this, uh, this book bridges. And
405
00:28:10.160 --> 00:28:14.390
you would say, the CEOs, the chief
owner of the go to market, absolutely
406
00:28:14.390 --> 00:28:17.850
handed. I was surprised, and that's why
it's fun to be a student and go back
407
00:28:17.850 --> 00:28:21.630
and ask, because I wouldn't have said
that Honestly, I would have said maybe
408
00:28:21.630 --> 00:28:25.290
a C. R. O Or in some cases, many times
people would say, Well, it's the
409
00:28:25.290 --> 00:28:29.440
marketing product launches Or maybe
it's the sales revenue number, but no
410
00:28:29.440 --> 00:28:33.180
go to market as we would redefine it
for the world because it's just like a
411
00:28:33.180 --> 00:28:36.770
B M. It was an old term, but it didn't
really have all the bells and whistles
412
00:28:36.770 --> 00:28:40.120
for people to really understand. We
hope that's what go to market is. It's
413
00:28:40.120 --> 00:28:44.460
an old term that people have a lot of
baggage with and I hope we would be
414
00:28:44.460 --> 00:28:48.840
able to clean it up, polish it up and
actually put it back on the mantle and
415
00:28:48.840 --> 00:28:52.740
say, You know what? This is really what
it really means. This is why and how we
416
00:28:52.740 --> 00:28:55.870
go about it. It's really interesting.
It's making me think a lot because I
417
00:28:55.870 --> 00:28:58.740
think just before this conversation I
would have said what you would have
418
00:28:58.740 --> 00:29:01.570
said, like, What are the chief
responsibilities of CEO? And I would
419
00:29:01.570 --> 00:29:05.380
have been like culture and vision.
That's why even you know, the current
420
00:29:05.380 --> 00:29:08.660
CEO, Microsoft is turning around
Microsoft because he's so focused on
421
00:29:08.660 --> 00:29:12.410
vision and culture and Microsoft, right?
I think no one, no one doubts that But
422
00:29:12.410 --> 00:29:16.280
at the same time, someone's got to be
focused on how everything integrates to
423
00:29:16.280 --> 00:29:20.110
deliver the most value to the customer.
And there's not a single person other
424
00:29:20.110 --> 00:29:24.530
than the CEO who can do it, because it
touches everything from finance to
425
00:29:24.540 --> 00:29:28.320
marketing and sales and everything in
between. So you're right. It has to be
426
00:29:28.320 --> 00:29:31.710
the CEO, and I never really considered
that. I mean, always considered an
427
00:29:31.710 --> 00:29:34.960
entrepreneur who's building it. But
even if for a larger company with all
428
00:29:34.960 --> 00:29:39.850
these complexities, it's gonna have to
be the CEO and Bob Iger remember
429
00:29:39.850 --> 00:29:42.920
reading his biography recently, and it
makes more sense now. I'm like, Oh,
430
00:29:42.920 --> 00:29:45.940
that's why he was the one really
heading up these big deals with Pixar,
431
00:29:45.950 --> 00:29:49.320
even coming up with How do we even
organize Disney Plus as a new business
432
00:29:49.320 --> 00:29:52.900
model for us? He was kind of the one
putting all the big puzzle pieces
433
00:29:52.900 --> 00:29:55.840
together. Of course, he invited all the
voices in and facilitated that
434
00:29:55.840 --> 00:30:00.260
conversation. But it's a big reason why
Disney's continue to be relevant as
435
00:30:00.260 --> 00:30:04.910
culture has changed. So much is because
he was paying attention to the go to
436
00:30:04.910 --> 00:30:09.310
market. So and and there's no you're
right. They are the one who actually
437
00:30:09.310 --> 00:30:12.630
are thinking about it, waking up about
it. They may not be the one who are
438
00:30:12.630 --> 00:30:17.000
executing on it, obviously, but gosh,
like you know, how do you make deals
439
00:30:17.000 --> 00:30:21.120
happen? How do you do? Acquisition. Do
you open up marketing EMEA or do you
440
00:30:21.120 --> 00:30:24.700
actually launch a new product like
there are ideas that come in? But
441
00:30:24.700 --> 00:30:28.220
you're the decision maker on it, or you
have to push the organization to move
442
00:30:28.220 --> 00:30:32.750
in a certain direction to go in. So
it's a It's a fascinating thing, and
443
00:30:32.750 --> 00:30:36.510
you're ready already. Point it is what
brings the high performing go to market
444
00:30:36.510 --> 00:30:40.460
teams, which is the marketing, sales
and customer success together. Um, and
445
00:30:40.460 --> 00:30:45.520
it is a strategy much like a B M. But
it up levels itself to do a C level
446
00:30:45.520 --> 00:30:49.290
executive team as opposed to just
repeat level team. So that's some good
447
00:30:49.290 --> 00:30:53.230
insight. One thing I thought about as
we were talking about a B M entering
448
00:30:53.230 --> 00:30:56.340
the customer service arena. Is there
any insights you can give on, like what
449
00:30:56.340 --> 00:30:59.770
that looks like in general, as opposed
to the way B to B companies have done
450
00:30:59.770 --> 00:31:04.220
customer service before, be interested
in hearing like a few a few points on
451
00:31:04.220 --> 00:31:09.610
what it looks like with account based
marketing in mind. Yeah, well, it's
452
00:31:09.610 --> 00:31:13.090
interesting. I'll give you a sneak peek
into it because just like last book
453
00:31:13.090 --> 00:31:17.660
where we introduced well, every book,
write the first book, we introduce the
454
00:31:17.660 --> 00:31:21.230
flip my funnel as a framework. The last
book. Maybe maybe it'll be introduced
455
00:31:21.230 --> 00:31:25.680
the team framework around Target engage
activated measure. So in this book, we
456
00:31:25.680 --> 00:31:30.020
can also introduce another framework,
because to me, I mean, I'm a very
457
00:31:30.020 --> 00:31:33.480
simple mind, like I need a framework so
I can see it. And there is freedom
458
00:31:33.480 --> 00:31:37.300
within framework so people can can use
it the way they want, and there's a
459
00:31:37.300 --> 00:31:42.330
maturity curve around it to see where
they land on it. So you can self assess
460
00:31:42.330 --> 00:31:45.970
yourself where you are and then figure
out where you want to go. So all it
461
00:31:45.970 --> 00:31:49.830
says is a framework that answer these
four questions, and I want to leave you
462
00:31:49.830 --> 00:31:54.020
with that part of it, because any more
than that, I will do a disservice to my
463
00:31:54.020 --> 00:31:58.290
P R team and, uh, the publisher team
beyond it. But here are the four
464
00:31:58.290 --> 00:32:01.570
questions that this this book will
answer, and especially on the service
465
00:32:01.570 --> 00:32:06.010
side of the house. So think about this.
The first question it will answer is
466
00:32:06.010 --> 00:32:11.470
the who question. Who should be market,
too? That is a very esoteric question.
467
00:32:11.480 --> 00:32:15.750
Almost every person is asking it, and
it touches on the A, B, M and levels of
468
00:32:15.750 --> 00:32:19.440
Tamai CP intent all that stuff. But
answering the question. Who should be
469
00:32:19.440 --> 00:32:22.480
market, too? And it will evolve
depending upon the stage of your
470
00:32:22.480 --> 00:32:27.230
organization is the second question it
will answer is what do you need to
471
00:32:27.230 --> 00:32:32.480
operate effectively? This is where the
revenue operations really becomes the
472
00:32:32.490 --> 00:32:36.360
Gold star, if you will, right, because
they are the one who are the brains and
473
00:32:36.360 --> 00:32:41.320
are able to tell what is effective not,
uh not not efficiency, but
474
00:32:41.330 --> 00:32:46.510
effectiveness of your business model.
The third question this this book will
475
00:32:46.510 --> 00:32:50.520
answer is like, When can we scale our
business? I'm sure. Then you get this
476
00:32:50.520 --> 00:32:53.330
question all the time from James and
others is like, Well, what are we How
477
00:32:53.330 --> 00:32:57.150
are we going to scale this thing? And a
lot of times organizations are either
478
00:32:57.150 --> 00:33:01.380
in by sales driven because that's how
the business is in the beginning. Then
479
00:33:01.380 --> 00:33:04.610
they bring the marketing and sales
together and then have marketing sales
480
00:33:04.610 --> 00:33:08.640
and customer success together. So it
becomes an exercise of privatization,
481
00:33:08.650 --> 00:33:12.410
if you will. And then the fourth
question it will answer is, Where can
482
00:33:12.410 --> 00:33:16.790
we grow the most? Where can we grow the
most? This is where you will start
483
00:33:16.790 --> 00:33:20.370
answering the question. Well, should we
go from one product to multi product?
484
00:33:20.380 --> 00:33:25.190
Should we go from sales direct sales to
having channels? Should we go from just
485
00:33:25.190 --> 00:33:28.380
being in North America to be in the
media so you can start figure out? What
486
00:33:28.380 --> 00:33:32.740
do you grow the most? So answering the
who, the what the when the where
487
00:33:32.740 --> 00:33:36.750
question like, who should be market,
What do you need to operate effectively
488
00:33:36.750 --> 00:33:41.360
When can we scale our business? And
where can we grow the most literally is
489
00:33:41.360 --> 00:33:45.130
gonna be the TCS for the for the book
and that's really how the gold market
490
00:33:45.130 --> 00:33:49.510
maturity, curve and everything that we
will put together in it and and try to
491
00:33:49.510 --> 00:33:53.150
hopefully make complex simple for a lot
of people who are thinking about go to
492
00:33:53.150 --> 00:33:57.440
market. Yeah, I love the questions, and
it makes me think that there are more
493
00:33:57.450 --> 00:34:00.570
overarching questions, that kind of
guide, the whole conversation around
494
00:34:00.570 --> 00:34:04.550
the book. And I imagine that last
question in particular is, is powerful
495
00:34:04.550 --> 00:34:08.610
because a team might decide that
instead of spending a lot of time and
496
00:34:08.610 --> 00:34:11.969
effort going after new accounts, just
expanding our existing accounts and
497
00:34:11.969 --> 00:34:16.070
that becomes a kind of a customer
service account management thing is
498
00:34:16.070 --> 00:34:20.590
actually the best place to grow revenue
right now. Not that you stop account
499
00:34:20.590 --> 00:34:23.030
acquisition. You keep going. But you're
not going to launch a whole new
500
00:34:23.030 --> 00:34:28.810
campaign around it right now, so that's
very interesting, man. You tease me and
501
00:34:28.810 --> 00:34:31.409
I'm like, Man, when's this book to come
out? And I'm sure the audience is
502
00:34:31.409 --> 00:34:34.250
thinking now, like Yes, Andrew, when's
this book could have come out? When can
503
00:34:34.250 --> 00:34:39.170
we expect a preorder or get a get a
copy of this thing? Yeah, well, it will
504
00:34:39.170 --> 00:34:43.469
come out in August. Um, I don't know
when we can actually put a pre or link
505
00:34:43.469 --> 00:34:47.330
and stuff like that, but you'll be one
of the first people do not fantastic.
506
00:34:47.330 --> 00:34:50.350
Well, when it comes out, I will
certainly be posting it to LinkedIn and
507
00:34:50.350 --> 00:34:55.350
probably mentioning it in this show.
Sandra, thank you so much for joining
508
00:34:55.350 --> 00:34:59.490
us today. I've learned a ton, and I'm
gonna be thinking a lot about the role
509
00:34:59.490 --> 00:35:02.420
of the CEO. Now would probably be
having lots of conversations with James
510
00:35:02.420 --> 00:35:06.940
about to be fun. That's awesome. Thank
you so much for talking about the book
511
00:35:06.950 --> 00:35:10.350
when it comes out. Is there a place
they can subscribe to or connect with
512
00:35:10.350 --> 00:35:15.350
you in order to find out when it comes?
Well, just if people want to connect
513
00:35:15.350 --> 00:35:18.750
down and just drop me a Lincoln message,
I haven't really put on a website or
514
00:35:18.750 --> 00:35:21.920
webpage yet on it. This is literally
the first conversation of all
515
00:35:21.920 --> 00:35:26.550
conversations I'm having on it since
I've been, like, heads down on it. So
516
00:35:26.550 --> 00:35:29.710
just hit me up on LinkedIn, connect
with me and just let me know. So I'll
517
00:35:29.710 --> 00:35:33.830
add you to the list. And then, uh, then
I think in April May I think we'll
518
00:35:33.830 --> 00:35:38.920
start start sharing, sharing more more
on it. But I'm really excited because
519
00:35:38.920 --> 00:35:43.840
again, it's a It's another strategy
book that is misunderstood and through
520
00:35:43.840 --> 00:35:47.810
frameworks and through actual practical
stories of CEOs and others who are
521
00:35:47.810 --> 00:35:51.970
actually doing it. Hopefully, we can
distill it down and makes complex,
522
00:35:51.980 --> 00:35:57.760
simple, fantastic again. Thank you for
joining me on the show today. Thank you.
523
00:35:59.340 --> 00:36:03.540
At Sweet Fish. We're on a mission to
create the most helpful content on the
524
00:36:03.540 --> 00:36:08.120
Internet for every job, function and
industry on the planet. For the B two B
525
00:36:08.120 --> 00:36:12.160
marketing industry, this show is how
we're executing on that mission. If you
526
00:36:12.160 --> 00:36:15.710
know a marketing leader, that would be
an awesome guest for this podcast.
527
00:36:15.720 --> 00:36:19.200
Shoot me a text message. Don't call me
because I don't answer unknown numbers,
528
00:36:19.210 --> 00:36:25.690
but text me at 4074 and I know 33 to 8.
Just shoot me. Their name may be a link
529
00:36:25.690 --> 00:36:29.660
to their LinkedIn profile, and I'd love
to check them out to see if we can get
530
00:36:29.660 --> 00:36:31.360
them on the show. Thanks a lot