Transcript
WEBVTT
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Yeah.
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Welcome back to be to be growth. I'm
Leslie Cruise with Sweet Fish Media.
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Today we will be continuing our deep
dive into demand generation. And I'm
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here today with Sam Cooke, only the
Director of demand generation over at
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refined Labs. Sam, thanks so much for
joining me today. Yeah. Thanks for
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having me. I'm definitely looking
forward to our conversation today. Yeah,
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me too. And so I actually connected
with you on LinkedIn recently, And one
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of my favorite things that I found
while doing some research into this
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topic is refined Labs Motto of demand
generation and that make demand jin
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your competitive advantage. And can you
share a little bit about what this
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means And also about your role over at
refined laps? Yeah. So, making it your
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competitive advantage, I would say it
kind of relates to everyone in B two b
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has been more or less following the
same playbook for years and hasn't
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really adapted it to today's buying
experience. So let me know something
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like this Sounds familiar. Create a
piece of content. You're gonna stick it
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on a landing page and toss a form on it
from there. You're gonna gather those
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email addresses, bombard them with
emails asking, Hey, like, come sign up
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for our webinar. You're gonna have your
SDRs follow up on that email us asking
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if they want a demo. That's kind of a
traditional B to be experienced, that
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everyone's followed and yeah, worked
like 10 years ago. But that's where we
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approach it much differently because
how that worked then is not what we're
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seeing work now. So that's where we say,
like we've got an updated playbook and
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that's going to be the competitive
advantage that we like to bring in
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because, well, everyone's still playing
this old game. We've got what's
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actually working with today's buyers
journey and the psychology that they're
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following. Yeah, and can you kind of
dive into what just kind of what a day
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to day and your role looks like as the
director of Dimension? Yeah, so
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ultimately working with a couple of
different clients to help them
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transform their overall demand
marketing programs. So we're not your
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traditional agency in the sense that
hey, come around paid search for us. We
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are brought on as an extension of your
team. So when you hire your director of
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demand generation. That's what you're
getting in terms of your organization.
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So you're getting a director of
marketing who can help you understand?
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Like, what do we need to do to follow
our marketing automation process? How
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is this going to tie in with our
platforms and then also be able to
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navigate the different levels of the
individuals that you're gonna be
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working with at your company? So we can
say, Here's what we're seeing in
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platform And then how do we then
communicate that message up to the C
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suite? So they understand is this good
is as bad as this working because they
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don't understand or want to understand
C T r C P m s all the other acronyms
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that we might have. They're just like,
Great. Is it driving revenue for us? Or
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is it not? Because that's what we care
about at the end of the day. So a lot
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of it's focused on that, and each
client is so incredibly different with
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where they're at in terms of their
companies, maturity, what they're
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trying to accomplish. So there's no
standard day, I'd like to say and kind
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of what we do, but That's what I really
enjoy about it, because you're not just
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going through the same thing over and
over from 9 to 5. But each day brings a
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new challenge, and you get to learn so
many different things with the
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different industries and products that
we help market. Yeah, it's always
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interesting to see what someone in a
specific demand general does because I
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mean, I work for, you know, Swedish is
a relatively small organization, so we
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just kind of have, like marketing, you
know, tied in like a sales side. So
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it's interesting to see someone in that
specific role, and you touched on this
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a little bit earlier, but I want to get
more into specifics here and just kind
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of go back to the basics. I feel like
demand. Gen. Is such a broad topic, and
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no one really knows how to define it.
You know, I've heard it defined. It's
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just a fancy term for marketing and a
subset of brand marketing. But how
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would you kind of, in your own words,
define demand generation? Yeah, so
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we're often gets confused is, and
people use these interchangeably is
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what's lead generation legion and
what's demand Gen demand generation. So
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the way that I like to break it up in
the simplest form is lead gen short
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term demand. Gen long term. So lead gen
is typically focused on getting contact
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info or acquisition for follow up by an
SDR. So this is going to be something
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like we mentioned earlier that send
them to a gated e book or webinar
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capture the information. We're gonna
spend a bunch of money promoting this
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specific event or asset, and then we're
gonna say, Come check out this piece of
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content. We're baiting you with the
form because that's what we're going to
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use to get leads for our sales reps to
follow up on. But are those really
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leads in the sense of If you want to
talk to your sales team, it's like, Is
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that something one that is high intent
wants to purchase? Or is that just
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someone that is interested in the
content and want to learn a little bit
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more? So that's and when we think about
demand generation, that's the long term
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strategy of developing and retaining
your customer. So it's a function of
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different things such as, you know,
creating awareness in your in the
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market of the product that you're
selling, How do you develop and build
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trust with those different individuals
about your brand so separate from your
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product? How do you communicate that?
You understand what those individuals
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are going through it every day and
their job and how we feel that the
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market is heading. So do we know like,
Hey, you might be feeling this pain or
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we think that you're going to see this
type of growth. So just letting them
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know like, Hey, I'm empathetic. I
understand what you're going through
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and we're not just trying to sell you
something, but we see what your day to
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day looks like, and then capturing that
detention through sharing free
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educational content. So that's the
other big thing of Are we gonna get it?
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Are we gonna give it to them? Because
if we want to generate brand awareness,
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if you're getting everything, they're
gonna leave that conversation not
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having gained anything, not remembering
you. So that leads to being top of mind
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once they are finally in market.
Because what we're finding is that 1%
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of your total addressable market, your
tam, is actively in market, 99% aren't
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so. At any given time, you're not going
to have the majority of market that
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wants to get a demo at this. So we're
treating all of our campaigns or you
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see in the old model a lot of people
treating campaigns that everything is
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product featured. Get your demo now,
when realistically, barely any of them
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are ready for that stage. So how do we
continue to nurture that relationship
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and then become top of mind once they
do enter that stage? So that's where it
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kind of shifts between the short term
versus long term of legion verse
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Dimension. Yeah, and I like that idea
of like nurturing that relationship
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from the beginning. And I kind of wanna
kind of leading into that talk about
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the customer journey. And you and I
previously talked about the expectation
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versus reality in this journey, and
everyone tends to think of it as kind
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of like a linear path. But it's
definitely not. So how would you
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describe that customer journey and kind
of like, Where does that demand Jin fit
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in there? Yeah, I feel like every mark.
It kind of goes to this aha moment as
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they come out and they finally get like,
Hey, there's a customer journey We need
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to map our content to personas and
everything else is people purchase this.
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And in theory, it all sounds great,
like his expectation is, Hey, we've
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identified Jenny. She's in our I C p.
So let's show her an ad about our
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product. Jenny's gonna click on the add.
She's gonna love it. She's gonna
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request a demo. She's I'm going to talk
to our sales team and become an
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opportunity. She'll sign the deal and
become a customer. That's what it looks
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like in a lot of attribution platforms,
because you see very hard coded steps
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that go from lead QL opportunity SQL so
on and so forth. But the reality is a
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little bit more untracked. Kable by
attribution, platforms. So it would be
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something like Jenny's got a boss named
Tim. He hears about our company from a
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friend of his. So Tim goes and listens
to the podcast for a couple of months
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whenever he has time driving to work,
going to the gym, walking his dogs,
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whatever it may be. And then Tim is
uninformed by their CEO Mary Pipelines,
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short this month. We need to increase
our marketing efforts to help increase
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that. So Tim's like Okay, great. I'm
gonna go to Jenny and tell her to check
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out this company that I've been
listening to a podcast on and they've
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been really helpful. Jenny's gonna
request the demo directly onto the site,
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fill out the form and then become an
opportunity. So how do you How do you
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fit that in cleanly into a customer
journey? Because there's no step by
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step process that you can follow. A lot
of it is it has to do with that top.
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Just being aware of or having the
awareness in your market of knowing
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like, Hey, we're in the space, we can
help with this product. So when you're
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ready, we're here to help you. Instead
of forcing it, saying like, you have to
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download this now you have to get a
demo now, because things are so so many
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variables that play, whether it's
timing of year, your budget season or
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specific business need comes up, so
that's where the reality of it is. It's
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not a straight line, as we think, but a
lot of zigzags with people moving in
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and out at different times. So it's a
it's a tricky one to navigate. Yeah,
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for sure, for sure. And we talked about
within that that journey case studies,
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and you kind of talked about how
important they are within that sales
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cycle. So can you just share some
benefits of case studies you've seen
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and kind of how how you would utilize
those? Yeah, so this is This is an
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interesting one, and I've seen it work
really well with companies that are
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launching a new product or are creating
new category. So the concept of it is
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that you know, you're building a new
category. People have never really
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heard of it. So if you go and promote
features, increase your R O Y by X, or
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shorten your lead cycle by y, every
product is ultimately saying that
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they're going to do that. So that's
just blending in with the rest of the
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noise. People don't understand what is
the category you're building or how are
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you going to help them? So where case
studies come in is that it helps by
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providing the context that you need to
see how are people solving the problems
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and then they're not dumb. They're
going to figure out if you're promoting
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this case study, you've probably got a
product that can help them reach these
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types of results. So that's where you
can really lean into letting your
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customer let them be the hero of the
story. Because that's what they're
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looking at. The end of day is how is a
company similar to mind solving this
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similar challenge that we have and
haven't been able to come up with a
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plan for. So in the past, we've seen a
lot of sales reps. Use case studies at
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the very end of the customer journey is
kind of like, Hey, here's proof that it
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does work, you know, read through it
and it's going to confirm your decision
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and want to buy with us. What we found
is that by showing that earlier in the
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journey, they were able to see and
discover on their own instead of having
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a BDR. So you need this product, but
they're going to read this case. That
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would be like, Hey, this could be a
great fit for us and it's a completely
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different mindset when you're
discovering something on your own
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versus you should do this. I think it's
just human psychology. We don't like
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being told what to do, and we naturally
kind of put up a defense to it. So by
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coming up with this idea on your own,
that was kind of planet in front of you
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because we know you're in our I C p um,
they're more interested to read about
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it, to learn about it, and then when a
business problem comes up Hey, we're
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short on pipeline this month. That's
where they're gonna trigger and be like,
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Hey, this company, remember reading a
case study? They have that problem.
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They use this product and it helped
solve that. So the biggest thing really
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is like, how do we provide context? And
that's what case studies do a great
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great job of doing instead of Here's
our temple points of product features.
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But the context of how did they
accomplish this? Because they don't
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care if you have an A P I or an open
integration or any of the seller junk
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that we like to promote and add, like
at the end of the day, they want to say,
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Is this going to solve the problem that
we have? And how did other people do it?
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Yeah. So you think inserting those
earlier in the journey kind of
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comparing them to the product ads you
have running is more beneficial than
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having them there at the end? Yeah. I
mean, from a cold targeting perspective,
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we've done both. We've run product
feature adds we've also in case. Study
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adds In recent months, I've seen more
of the clients that I work with were
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starting to get an uptick in the people
that read the case study. They hit the
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bottom. They say, Yeah, actually, is
something that we're going through. I
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want to request a demo to learn more,
whereas people that go to the product
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page like Okay, cool. That's features.
Yeah, you're gonna capture that 1% that
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we mentioned earlier, and you're gonna
have decent conversion rates. But we're
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getting a lot of growth from that case
study side where people are connecting
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the dots and we're finding that not
only are those converting, but once
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they hit that opportunity cycle, those
are selling at higher velocities,
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higher ATVs. You know, the things that
really matter to revenue at the end of
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the day because their understanding
there really is value behind this
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instead of just another piece of their
tech stack. Mm, that's really
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interesting. Let's talk about best
demand in practice is a little bit. And,
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you know, as marketing is evolving so
much, I think that people tend to over
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complicate it, make it a little bit too
difficult. And you and I spoke about
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simplifying techniques. Can you just
lean into that a little bit? Yes, And
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this was something that I know I did
way too much of when I started up Was
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All of a sudden, you're thrown into
this environment where you have to
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justify your value, that people are
looking at you as the marketing expert.
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So naturally, we want to come across as
very smart, well spoken, educated on
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these topics, and we make things overly
complicated. Sure, you'll go into many
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meetings where you see 20 slide decks
with a bunch of numbers and you walk
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away thinking like, What the hell does
that mean? I don't really know what to
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do with it. So that's something that I
learned was I'd start to call it the
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digital glaze. Once you start talking
about digital marketing metrics, all of
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a sudden my audience, their eyes would
just completely glass over is like all
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right, I've lost them. So how do you
combat that? And that's where you
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you've just got to simplify the message
and put it in terms of what are they
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going to understand? So if you're
talking to sales, talk about pipeline
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opportunities. If you're talking to
execs, talk about Act V s overall
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revenue. I mean, the things that they
care about and then you don't need to
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get is in the weeds about those those
digital platform metrics or others that
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we mentioned earlier. They don't care
about open rates or what that means for
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us. They want to know what is that
impacting for the items that they do
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care about at the end of the day. So
figure out if you if you only had a
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couple minutes to get your entire
message across, what would you be
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saying that? And how do you convince
that down into a format where if they
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need to walk away and know what was the
purpose of that meeting? That's what
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they're going to be able to understand
and articulate and actually have it
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click in their head that they did grasp
it instead of I don't know. It was a
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bunch of data and it sounds like we're
doing well. So that's kind of how I how
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have tried to start moving forward with
those types of conversations. Yeah, The
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last question I have is kind of a broad
one, but I wanted to talk a little bit
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about how do you measure success here?
You know what makes demand generation
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successful in your opinion? Yeah, And
that's always been the depending on the
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company that you go to. What are you
measured by? Because that's what
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everyone's going to orient, how they
work towards So you can have
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organizations where marketing you're
responsible for 30% of the
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opportunities generated this month
sales report. You're responsible for 70.
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You then have marketers that are
focused on hitting em que ele goals
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because hey, we have to generate 100
opportunities. We know that they
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converted 50% so we need 200 mgs this
month. All they care about is hitting
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that SQL goal and depending on how you
set that up in your organization. If
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it's with those gated e books that
counts as an MQ, well, you can game the
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system. So where we like to come with
this approach is you can run that you
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can get all the volume you want. But if
they aren't converting and turning into
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revenue at the end of the day, then
it's all for not, you know. So that's
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where success to me and demanded. Looks
like How do we tie that into revenue
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and then working backwards from that?
Because that's what's gonna keep the
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company going. At the end of the day,
you can drive all the Mpls that you
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want, but if they're not converting, if
they're not selling, it doesn't matter.
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So how do we get rid of this line
that's been divided in the sand like,
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Hey, I generate the MPs for sales. It's
up to them to go and sell them. How do
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we get them vested in? Yeah, they got
those MPs. Are they good? Are they
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qualified? Are they the right people
that they do want to sell to you? Are
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they actually interested? Are they
pushing off for eight months? because
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they don't have the budget yet, but
well next year. So being able to bridge
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that gap, I think, is what a lot of
demand generation marketers will will
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be faced with over the coming years is
things do start to change, become more
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of a buyer centric, digital centric
purchase cycle. So that's what we what
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we ultimately lean towards is. How do
we tie it to the bottom line? Those
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things that the C suite cares about?
Because if anything comes up and they
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have to make cuts again, if you're not
a revenue generating part of the
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company, you're probably one of the
first on the list to be. Do we really
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need them? Or can we make do with a
smaller organization until we're able
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to get back to where we need to be?
It's so true. It's so good. Good stuff.
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Well, Sam, this has been so insightful.
Thank you so much. And where can people
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find you online if they're interested
in learning more? Yeah, So I frequently
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share thoughts on LinkedIn. I'd say
that's probably the best place to find
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me, so I've got a pretty unique last
name. If you just type in Sam. Keenly,
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you'll you'll be sure to find me refine
labs. So luckily, I don't have to
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common of a name and make it hard to
find me awesome. Well, fantastic. Thank
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you again. So much for joining me here
on GDP growth. Yeah, absolutely. It was
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a lot of fun. Thanks again.
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Gary V says it all the time, and we
agree. Every company should think of
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themselves as a media company first,
then whatever it is they actually do,
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if you know this is true, but your team
is already maxed out and you can't
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produce any more content and house, we
can help. We produce podcasts for some
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of the most innovative BB brands in the
world, and we also help them turn the
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00:16:34.110 --> 00:16:39.140
content from the podcast and blog posts,
micro videos and slide decks that work
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really well on. Linked in. If you want
to learn more, go to sweet fish media
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dot com slash launch or email Logan at
sweet fish media dot com.
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Yeah,