Transcript
WEBVTT
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Looking for a guaranteed way to create
content that resonates with your audience? Start
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a podcast, interview your ideal clients
and let them choose the topic of the
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interview, because if your ideal clients
care about the topic, there's a good
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chance the rest of your audience will
care about it too. Learn more at
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sweetfish MEDIACOM. You're listening to be
tob growth, a daily podcast for B
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TOB leaders. We've interviewed names you've
probably heard before, like Gary vanner truck
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and Simon Senek, but you've probably
never heard from the majority of our guests.
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That's because the bulk of our interviews
aren't with professional speakers and authors.
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Most of our guests are in the
trenches leading sales and marketing teams. They're
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implementing strategy, they're experimenting with tactics, they're building the fastest growing be tob
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companies in the world. My name
is James Carberry. I'm the founder of
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sweet fish media, a podcast agency
for BB brands, and I'm also one
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of the CO hosts of this show. When we're not interviewing sales and marketing
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leaders, you'll hear stories from behind
the scenes of our own business. Will
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share the ups and downs of our
journey as we attempt to take over the
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world. Just getting well? Maybe
let's get into the show. Welcome back
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to BEDB growth. I am your
host for today's episode, Nikki Ivy,
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with sweetfish media guys. I've got
with me to day Latin e Conit,
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who is CMO of six sens,
latiny. How you doing today? I'm
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awesome, Nikki. Thanks for having
me on your show. Thank you,
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you doing me a favorite look.
I am so yes to have you on,
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because what I like to do on
this show is not being echo chamber.
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Right, if everybody's talking about an
idea, in this case ABM,
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in the same way, then we're
doing the disservice and it gets boring.
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So Latin is here to call bs
on ABM straight up and we're going to
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talk about why that isn't get into
that, but before we do, Lettin
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me, I would love it if
you would just give us a little bit
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of background on you know yourself and
what you in the folks a sixth sense
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they've been up to these days.
Sure, so, I'm currently the CMO
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of sixth sense. I have been
at it for about a year now.
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It's been a really interesting journey.
Prior to sixth sense, I was at
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a company called a perio and I
had a variety of roles they're one of
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them being the CMO, but I
actually started in sale. So I talked
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a lot about being recovering saleswoman or
a Fox in the Hen House over in
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marketing. So on the sales driven
marketer. I guess I love it.
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That's again. Now we talked about
this offline. That's one of my aspirations
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in life and I think, I
think to your point of you know why
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AB and what we're calling a BS
on ABM's because the the collaboration, of
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the alignment needed between those two things
mean that those skill sets are going to
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have to overlap more and more.
So you're calling bs on ABM. Give
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us a quick overview on meadow,
that controversial idea. Well, it is
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probably pretty interesting coming from the CMO
sixth sense, since we're an account based
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orchestration platform and the last year I've
kind of eat, slept, breathe dreamed
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everything ABM. But my Nikki,
my rash now for calling bs on it
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is actually kind of personal. So
when I was at a Perio, we
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abm was all the hype. So
there's this like pressure like, Oh my
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God, we have to do ABM, we have to do a BM,
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we have to do a BM,
and a lot of the reasons for it
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are very positive. Right. You
can't look at an account as just to
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lead. You need to be able
to look at a buying team. There's
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all this activity going on anonymously before
you know. Call it pre pipeline or
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your dark funnel, and so the
need to understand that. So there was
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a lot of like I think the
trends leading up to abm are very positive
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and forcing us to change. But
what I found is when we try to
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do our own ABM pilot at a
Perio, it was a total cluster.
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And the reason that it was a
cluster was we actually had too much sales
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and marketing alignment, which is a
ironic and I find that the place where
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companies really get off the rails in
terms of abm is around account selection.
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And so what ends up happening is
they don't have good data. Actually,
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only thirteen percent of marketers today believe
that they have good data. So it
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wow. Yeah, and and honestly, if people claim that they have good
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data, I kind of give them
the stink eye, because we all know
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we don't. So it's like,
hmm, you must be crazy. So
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all of our data sucks and and
it's all non activity. And so it
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ends up happening for ABM is we
go to sales and we code, quote
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unquote, collaborate with sales and we
get what I call the potluck dinner of
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accounts. So every AE, every
region, every industry brings their a couple
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accounts that we've got to go and
do ABM on. And ABM calls for
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us to put, you know,
an exponentially more amount of resources on and
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there's no rhyme to reason to why
we should be putting resources on these accounts.
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And so I totally fell into that
trap at a Perio we had that.
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We put a ton of work into
our Potpourri of accounts and and it
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kind of sucked right, because I
am on the hook to deliver pipeline and
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and so so when I saw sixtents, and I've started to understand that's broader
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trend that's happening with our buyers,
and I really took a step back and
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I zoomed out and I thought about
be to be buying and then I coupled
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that with what's possible with some of
the new technologies and an ai out there.
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It was just a huge epiphany around
not just making a shift to ABM,
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but how the future of I think, revenue mark you know, be
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to be marketing and selling needs to
be. Well, yeah, you gave
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us a lot and it's a lot
for me to try and digest this as
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as a salesperson, this idea of
having too much alignment. But it makes
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sense the way that you the way
that you framed this up right. So
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you found yourself in the situation where
it's like who's driving the ship? Right,
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if we've all decided that we need
to everybody's ideas on which accounts are
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being put in this big pile that
we're targeting, and, like you said,
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there's not enough rhyme of reason around
that, I can see how it
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could just become, as you put
it, a cluster. So so what
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do you do? What do you
do? What happens next? Once you
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realize maybe this this ABM thing,
as we've applied it or as as as
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we've been thinking about it, is
is scalable, where do you pivot?
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Yeah, so I think I talked
about zooming out a lot and and saying,
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okay, what's let's talk. We
love to talk about ourselves, but
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let's talk about our prospects and our
buyers for you know, humor me for
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two seconds. So a couple things
that we know to be true about be
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to be prospects today. One,
they don't want to talk to sales and
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they don't want to really talk to
marketing, so they're not filling out our
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forms. You know, one of
our big tricks and marketing is to create
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all this amazing content and then put
a form of so people have to put
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their email in. As soon as
we as they put their email in,
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we spam the hell out of them. I call that a one way trip
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to unsubscribe island, and then we're
frustrated, you know, that they're not
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converting. So we have to really
embrace this notion that fed. The buyers
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want to do a lot of research
and we have to enable that and understand
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those research patterns. So that's like
priority one priority to it just in terms
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of the way be to be buyers
by is they buy and team. So
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it's harder and we need to beat
we need to empathize. Really it's harder
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and harder to make a decision and
be to be more. People want to
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be involved. There's tons of information
out there. They've got to deconflict this
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information. So we have to look
not just at a lead or an individual
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for a, at an at a
buying team and how they operate together.
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So that's like kind of the second
thing and we need to really embrace that
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buying team notion. HMM. And
then third it's harder actually, and so
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when we talk about marketing and sales
alignment, we need that even more today
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because, to be honest, marketing
is probably going to have to do even
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more of the load because there it
takes so many different touches to get someone
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to engage. So a lot of
the statistics will say it's like eight to
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twelve personalized touches. You know,
we find with our BEDR aidences it's like
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fifteen to twenty two. Wow.
Yeah. So it is harder and harder
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today to break out of that noise
and marketing and sales are really going to
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have to collaborate at a new level, and so we call that at six
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sense. We call bringing all of
those things together, and and that what's
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going on with the to be buying
your dark funnel, and every day that
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dark funnel is getting bigger and bigger
and scarier and scarier. And the key
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to aligning marketing and sales is not
guessing. The key to aligning marketing and
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sales is having insights. So take
that example at a perio. If I
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had come to sales and said I
have the inside rights, I know that
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these are the accounts in market because
I can see their research, I can
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see they're interested, these are the
accounts I believe we should go after,
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they would have been like that makes
a lot of sense. Lattin great right.
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And so I'm not saying don't align, but what I'm saying is let's
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let true insights and data and understanding
our prospects be the source of alignment and
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really the source of truth. And
you know, everyone just wants to win.
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And so when you bring insights and
data and the ability to like orchestrate
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great experiences and a sales team sees
that they're going to be all in,
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the alignment happens naturally, like winning
is the best way to alive. Ain't
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that right? I think that.
I think that you really hit it on
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the head here when you talk about
it being the the approach being data driven,
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and that being you know, that
that being the the thing, the
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primary thing that informs the the accounts
you after. Otherwise, like you mentioned
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before, you just have this hodgepodge
of people's ideas based on there not so
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much competing agendas but their agendas that
aren't exactly, you know, aligned.
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And so this insight that you talk
about, you and I'm talked about offline,
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it comes from it comes from Ai. Is that? What is that?
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How how folks take this step into
getting this insight, to get the
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data to bring to sales, in
the scenario that you painted here, to
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now know exact exactly which accounts to
go after exactly? I mean I think,
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I think we can all for the
most part, agree are our first
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party data probably sucks. So the
data in our CRM, our map system,
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is not as good as we want
it to be. So what do
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you have to do? You've got
to marry your data with a much,
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much bigger data source, and that's
where kind of the the big data comes
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in. And then, once you
have that, you have to have the
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right kind of data scientists and approaches
to be able to actually make sense of
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that. And so what's so cool
to me, and honestly why I took
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the job at sixth tents, is
being able to see, Holy Shit,
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I can take my crappy data,
marry it up with sixth sense in this
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universe of data, HMM, and
the AI can then look at patterns and
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tell me my dark funnel. So
now I don't have a dark funnel anymore,
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I have a lip funnel. And
so what my my pree pipeline.
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So this is before something even becomes
typeline. I know. I know my
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best accounts to target. I know
the accounts that are most likely to buy
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for me, which is huge.
Why would I go after an account and
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waste any time or money on an
account that isn't even a good account for
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me? Because Hustle, push hard. I'm just kidding, right, but
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that's the problem that it's like we
were all going to work hard, but
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let's work smart and right. So
I know the universe of accounts that are
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good, good for me. But
also, within that universe, and this
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is what I think is most compelling
and important, is there are some accounts
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that I would love to sell to, but they are under a rock.
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They don't care they're not going to
buy anytime soon. I can't waste time
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on them because there's enough accounts that
are actually, quote unquote, what we
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call in market. That means they're
doing research right now on solutions. They
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they know they have a problem.
They're researching problem statements directly related to what
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I do. Those are the people
that I need to know about. Those
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are the people that need to be
surfaced to marketing to bring them along to
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make sure that they marry their problem
and what they're trying to do with succeps.
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So that's kind of the first step, and then the second step is,
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once I've been able to see,
okay, these people know they have
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a problem, I need them to
learn from me, and so that's the
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next step of uncovering my dark funnel, is getting people to like when I
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know they're keywords and I know what
they're interested in, then I can then
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surface my educational material so that they
start to learn from sixtens. And then
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it's about getting them to want to
engage and then it's about getting them to
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want to meet. But you have
to have full visibility and to that kind
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of dark funnel and what they're doing
anonymously so that you can create a great
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prospect experience. I think that we've
really, really gotten in our own way
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and we're using the same bag of
tricks and it's actually bad for our brand
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and it's not a great prospect experience. I don't want you to call me
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if I'm not ready. I don't
want you to send me a million emails
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like I want you to know when
I'm ready and what I'm interested in,
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and then of course I'll take a
call. But See, I think be
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able to understand that. I think
you're absolutely right and I think how we
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got there is sales is the want. Are the ones who are sort of
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on the front lines and having these
conversations, meeting folks after without any of
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that insight in most cases, right
and and then they're sort of words.
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We were sort of misdiagnosing why people
didn't want to talk to us and in
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that missiagnosed in white people didn't want
to talk to us. We came up
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with this idea with Oh maybe if
we just, like I mentioned before,
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like try harder or be, you
know, have more strategy or say these
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particular words, if so much,
so much. Dad Is omers lived route
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throw and the through three words to
say in your intro in order to get
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someone to take a cold call.
But, like the problem start so much
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before that. But what I think
is that because of where we were in
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hustle, boord and and Bro Culture, so it's people just weren't allowed,
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when you're not allowed to the salesperson, to say they're not going to buy
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unless they've already told you know.
Otherwise there is this, thankfully dying but
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still in some places very alive,
tradition that you just have to keep going
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for it, you know, whether
whether you have any inside or not.
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In part of that, I'll be
easier on us because we just didn't have
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the insight. But I think it's
not a it's not an accident that it's
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a marketer saying they're not going to
buy, because marketers are typically the ones,
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as you've laid out for us,
who are having access and who are
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engaging with the data that would tell
them that in a way, that would
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be, you know, sort of
final enough to competently say they're not going
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to buy. Is this that makes
sense? Yeah, I mean this is
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a true story. So, I
mean I just was on a meeting yesterday
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and it was our sales leadership team
and one of our rock star marketing folks
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and we were talking about prioritization and
we did you know, we eat our
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own dog food, and our sixth
sense data showed, hey, if an
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account reaches purchase their decision, they're
eighty percent more likely to convert. And
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what was happening is they were accounts
that were reaching purchase their decision in sixth
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sense that we're getting surfaced, but
they weren't on a salesperson's target list.
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HMM, and so because they were
worn on the target list, they weren't
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getting worked. And so we were
we were literally leaving opportunities on the floor.
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And so what we were able to
do is surface this two sales and
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say, hey, why don't we
think about rotating territories, or why don't
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we think about a system to make
sure that these accounts that are are in
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our ICP and are likely to convert
still get worked? And I mean that's
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a conversation I'll have all day.
It's like, Oh my God, there's
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there's gold and the and hills and
we're not minding it. So you can't
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just say, you know, stop
doing everything. You have to come to
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them with I think the best opportunities
to work that have the highest likelihood to
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close right and and change why they're
targeting what they're targeting right because, well,
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you know, in my experience about
targeting an account was because it was
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strategic for us and that territory in
terms of market share or, you know,
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I'm Straw was, you know,
trying to hit my number and these
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were the folks that we're going to
you know, the number was going to
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get me. there. Things like
that that don't have, I you know,
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in retrospect, enough to do with
the buyer themselves and that don't have
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anything to do with any any data
like they're talking about, like we're talking
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about here, that was suggest they
were even in market. So I don't
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know who would say no to this. I don't know who. In the
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way that you've that you've laid this
out, it makes sense, but I
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think for some of the reasons that
you and I've identified, is just it's
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kind of slow moving. Do you
find it a movement or do you think
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that folks are starting to starting to
wake up to this? So we find
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there's like tow there's two camps.
So there is a camp that's very comfortable
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in the old mql game, M
and and I get it. If you've
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done it before and and it feels
comfortable, it's sort of hard to want
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to change. And then we have
a camp where, for whatever reason,
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there's something going on with their business
that has to change. So either they're
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just not filling the funnel right.
So they you know, I talked about
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our problem, which was leaving opportunities
on the floor, which is about prioritizing
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and converting opportunities better. So that's
that's one problem that we see materialize.
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But then another problem that can materialize
is just not enough top of the funnel.
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And so they come to us and
say, you know, how do
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we focus? How do we put
the right campaigns in market at the right
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accounts to actually fill that funnel?
And those deals move really fast. And
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then the last so it's I don't
have enough top of fun all those deals
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move fast. There's I'm had.
I know they're we're doing a lot,
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but it's not materializing in revenue.
Those deals. You know, that's more
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of that conversion problem. Those deals
move fast and that they're able to identify
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that. And then the last type
are people that, yes, we have
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our MQL game down, but it's
too extensive, HMM, and we know
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we need to we need to make
a change, because we can't just keep
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throwing money like. We've got to
manage our cost of sale. And so
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then those deals move really fast.
And so it's really about, like can
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we have a business conversation, not
talking about ABM and wanting to do Avm,
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but more of a business conversation about
revenue and pipeline and and it's pretty
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obvious, like it's a good solution
to go with. Yeah, now,
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that's that's it. That's it right
there. I'm so glad that you came
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to call bs on and ABM and
to lay out your reasons why for our
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listeners. I think it's really important
and and you've taught me for sure.
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So now let me that I've successfully
picked your brain and see what I could
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get out of it is time for
you to tell us about what you are
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putting in it. What tell us
about a learning resource that you've been engaged
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with her recently? That's, you
know, either informing your approach. This
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just got you excited these days.
Oh Man. So I love my job
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because I learn every day and I
you know, I'm always trying to do
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new, risky things, and if
you want to do risky things, you've
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got to learn a lot so that
they're successful, which is probably not the
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answer that that you're looking for.
So I feel like my brain is pretty
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full at work. So I'm trying
to like not fill my brain, and
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the things that I do to not
fill my brain are I love spinning.
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So I'm obsessed with soul cycle.
I travel a ton. If anyone ever
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wants to meet me at soul cycle
for a ride, let me know because
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I can be found at any soul
cycle in any city at any given time.
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Nice. So that's a big,
big one for me. And then
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the other one is just I've got
to really cool kids and I learned something
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from them every single day and so
just trying to get in the flow with
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them and learn from them is it's
pretty fun. Yes, yes, same.
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I've have several children. It feels
that way. And yes, yes,
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that's a big voting resource for me
and I love. I love because
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we do. We focus a lot
on when I ask folks that question and
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try to gain a little inside into
who they are. We focus a lot
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on what we're we are putting in
our brains and the reality is a lot
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of time. Yes, you just
gotta like sit all that stuff down and
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and go someplace sals for a little
while. I have never been to a
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soul cycle. I little know fact
about me. I really haven't ever worked
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out a day of my life.
I am three days into a sixty six
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day challenge. There's no there's no
weight loss will attached to it, just
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like will I get up and do
this workout activity for at least tween minutes
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for the next sixty six days?
So I'm impressed that you do souls like
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well, all over the place here. I know that you and you extended
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an invitation and, just like me, on every listeners in the is becoming
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a fast fan of yours, if
they aren't already. Let us know how
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00:23:22.019 --> 00:23:25.299
folks can keep up with you and
connect with you. Yeah, I mean
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I'm on Linkedin, so hit me
up. Let's connect on Linkedin. Send
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me an email for sure, if
you want to talk more. My email
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is Latin Lata N. E.
got CONAN CON ant at enscom. So
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00:23:44.799 --> 00:23:51.640
happy to chat more about columbs on
on ABM. And Really, what I
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think is executing great bab sales and
marketing perfect. I have plenty more questions
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for you, so I'd love to
have you back on the show and still
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then. Thank you so much for
being on the show. Have a good
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00:24:02.470 --> 00:24:07.910
all right, by Nikki. We
totally get it. We publish a ton
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00:24:07.109 --> 00:24:11.259
of content on this podcast and it
can be a lot to keep up with.
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00:24:11.779 --> 00:24:15.619
That's why we've started the B tob
growth big three, a note fluff
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00:24:15.700 --> 00:24:19.140
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