Transcript
WEBVTT
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Yeah.
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Welcome back to be to be Growth. My
name is James Carberry, and we are
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joined today by Sidney Waterfall. She
is the director of Demand Jin at Refine
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Labs. And we're going to be talking
with her, as well as Dan Sanchez from
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our team, our director of audience
growth, and Leslie Cruz, one of the
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producers at Sweet Fish as well. And
we've got some questions for Sydney
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that I'm really excited to dive into.
We're doing this live on clubhouse as
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well. So as soon as we get through the
questions that we want to ask Sydney,
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we're going to open it up to our room
here. That's our live audience here on
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clubhouse, and I'm going to have them
jump up on stage and ask Sydney some
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questions as well. So, Sydney, I would
love to dive in here. Are you ready to
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roll? I'm ready. Let's do it. Awesome.
So So Sydney to start off. First off,
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I've been a huge fan of what you and
your team are doing it. Refined labs.
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Chris Walker, for those of you that
don't already follow him on on,
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LinkedIn is just leaving an incredible
movement over there are fine labs. And
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Sydney, the stuff that you're putting
out on LinkedIn is incredible as well.
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And so I want to start by asking where
to start when creating a growth
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flywheel. I've been hearing a lot of
people talk about the concept of the
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flywheel. I've had some conversations
with with our own team about this,
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about this concept. But from what
you're seeing and the experience that
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you've got at refined labs and your
other demands and background that you
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lead that led into this role tell us
kind of where, where to start when it
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comes to creating a growth flywheel.
Yeah, it's a I think growth will. I
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will have kind of made a new, like buzz
word, if you will. But yeah, I think
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it's a little challenge. Drinks
everyone. You have to have a starting
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place and kind of have a plan, and it
kind of depends on what stage of your
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company is in. Really, if you are just
starting out, I would say definitely,
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just start with understanding your
customers first. A lot of companies
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will hire demand jin marketers or a
head of marketing and say, Here's our
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ACP now go out and get those people and
it's a little bit, I would say, uh,
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more complex than that, as we all know
from marketing. But I would say Take a
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step back and actually understand your
validate your if you can or if it's
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already been validated. That's great
that it's already that works already
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been done, but actually, like talk to
them, um, and and interact with them on
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channels where they're at if they're on
lengthen great. If they're not there in
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a slack community or, um, other types
of communities, I would say, Try to
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figure out
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really what they are, and this will
kind of help you with your strategy on
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the actual how, like how you're going
to execute a growth plan. And this is
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like a step that I've missed but
previously in my career. And, you know,
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you kind of pay for it and you go back
and you and you figure it out. And then
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if you if you already have data and
your company might be a little bit more
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mature and you already they have a
salesforce data and you can I would say,
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dig into the data audit the pipeline,
see what's working and what's not. And
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I would break that out versus, like,
high intent versus low intent. So high
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intent is going to be everything.
Probably coming inbound on your website.
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Demo sales requests, pricing meeting
books through chat box If you have that
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inverse low intent, right? So if you're
doing content downloads, Webinars kind
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of like those on profile leads. I call
them and split out the funnel by those
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two things and then look at it by lead
source. And that will tell you a lot of
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what to lean into more what has been
done, what hasn't been done, and then
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what you just literally need to turn
off. So that's kind of, I guess, my
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approach to starting. And then,
obviously everyone wants to see results
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in the plan, so you're definitely going
to need organic and paid at the at the
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same time. But I would I approach,
creating a growth flywheel on creating
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an audience and then using paid, then
guarantee that your desired audience
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that maybe you're not in your audience
yet, but you're creating actually sees
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your content and kind of builds over
time, especially unpaid social and then
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the biggest thing. One of the biggest
mistakes I've made in my career. And
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the biggest advice I tell people is
when you're really starting, start with
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1 to 2 channels. Don't launch Facebook.
LinkedIn paid search ads. You know,
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display whatever you're launching.
Don't launch everything at the same
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time. Watch one or two things first and
understand. If those channels are going
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to work for you and your audience and
your company and then once they're at
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the point of their delivering something
consistently so delivering pipeline or
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delivering demo requests,
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opportunities, things like that, then
move on to like your next platform or
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your next kind of experiment. Um, this
is, I think, where a lot of people fall
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down. Um, and I've done it before
myself to where, you know, you just get
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excited and you're like, we're going to
launch this on four channels and you
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don't really give it the actual time.
It needs to the right attention to it
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to really like hone in and figure out
that channel. And if that channel is
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going to be a part of your core mix or
not, and then you know after a little
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bit if you can't nail it. If you can't
actually get it, repeating consistently,
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just kind of move on and try. Try a
different channel or a different
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approach, and then you can come back
like But if it's Facebook or something,
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right and you've tried for, like, three
months to get Facebook delivering and
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you tried to optimize the mix of
content and ad types and things like
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that, and you can't nail it, um, you
can always go back and try it again.
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It's not like Facebook's never going to
work for us. It's just you probably
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need more time to figure it out and
understand. Yeah, Sydney, I love that
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advice about doing one or two channels
at a time because I think so. Often I
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have customers that get so excited
about launching their podcast and
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they're like, Okay, we have to push
this out on Twitter Instagram Facebook.
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What else can we put it on? But it's
like, you know, I love that idea of
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owning the 1 to 2 channels. That way
you can kind of dig into the to the
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data there, and whenever you're digging
into that data, what would you say are
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the top metrics and KPs that you need
to measure. Yeah, this is a good one, I
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will say just kind of follow up on that
last thought is when you optimize 1 to
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2 channels first it that's what we'll
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help you actually propel the growth fly
will, if you will, because if you've
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got, like six channels going, you don't
really know what's working and what's
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not. And what could be repeatable and
what's not. So that's a good approach,
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but you have to follow up on KPI s. I
think the KPs might, you know, differ a
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little bit if your sales letter product,
lad, but there'd be similar. So I
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really focused only on website. High
intent leads primarily so kind of going
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from the top of the funnel to the
bottom of funnel of like metrics. And
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there's some metrics in between these
every marketer can dig into, but kind
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of the four categories. I look at our
top of funnel, so, like what's
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happening on the website, so that would
be, you know, traffic to that
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conversion page. Whether it's a demo
page or free trial, sign up. What what
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is that conversion on that page over
time. So, are you growing traffic to
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that page? Are you growing conversions
over time? Um, the second layer of that
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is just like the raw number. So a
number of demo requests number of SQL s
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and sqs. And then you can measure how
that's trending over time by campaign
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and lead source, and then the
conversions on those as well. The third
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metric is a classified as, like website
marketing pipeline. So whether it's
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coming through a form on your website,
a chat bots on your website live chat
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on your website, whatever the
convergent points might be. But growing
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that pipeline over time and then from
an acquisition cost perspective, look
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at cost per demo. So that's kind of
like a cost per lead metric cost per
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SQL and cost per sq Oh, and when you go
down to cost for SQL, that will really
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let you know if it's scalable or not.
Um, and how how it's converting in the
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lower funnel, I said I'd love to circle
back a little bit on the topic of only
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posting to one or two channels or
driving one or two channels. Um I have
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a kind of like a different nuanced
thought on it. And I've seen this. I've
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seen this play out well, and I've seen
this play out. Not so well. I'd be
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curious to get your take on it. Well, I
absolutely agree that you can, um, you
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generally want to push and drive most
of your attention on 1 to 2 channels.
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What if you had created maybe a page,
Or maybe like Twitter is not one of
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your two channels, but you still set up
the Twitter account. You grab your
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names and then you just syndicate there.
You know, I think of Seth Godin's
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Twitter, which has a substantial
following, because it's Seth Godin,
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right? But at the same time, he's
really just syndicating his blog post
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like, I think he's got it up on an
automated tool. It's not like he gets
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as much engagement as it could if
you're working the channel, but you
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know people. A lot of people are
reading his blog post from Twitter
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because that's kind of how some people
like to stay subscribed to him. Would
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you still say there's some value in
setting up the other channels just
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purely for syndication while you go
hard at one or two. Or or would you say
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that most people who do that are
actually maybe making it harder later
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on for themselves once they do want to
activate the channel? Do you have a
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thought on that? Yeah, I kind of a
couple. I mean, probably a couple of
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questions that I would respond to that
with our, um how big is the team and
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where does it fall on the priority list?
So if you only have one person right,
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that's maybe a little bit different.
But if you've got two or three people
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or you're lucky enough to have a pretty
large marketing team, then that's
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something you can definitely deploy.
And you can kind of let just use that
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as content distribution organically
right and see. See how it goes
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organically. But when I say like one or
two channels, I would say that's
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what what you're expecting to, like,
test and see in terms of pipeline. If
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you can make this channel work both
from organic and paid perspective. So
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if you're on Twitter, but it's it's
your it's your number three channel. Uh,
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your third priority channel, so you're
prioritizing it as its third priority.
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Maybe you're on other channels as
number one and number two, and that's
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where you're spending, you know, the
80% of your time trying to figure out
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and trying to nail. That's kind of how
I would look at it. So it's definitely
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not a, um, there's certainly not a one
size fits all approach, but I wouldn't
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let it. What I see happen and it's
happened to me, too, is I wouldn't let
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New Shiny thing or a new channel that
you want to test and you want to invest
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in, kind of take away from your what
you're trying to focus on with your top
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two priorities. It's like Slate it in.
You're mapping of your planning out
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like, Okay, we're gonna like in this
example, we're going to post and see
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what we can get organically with on
Twitter, with not much effort to see
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where that goes. But it's our third
priority, so we're not going to let it
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dictate or take away resources from our
two priorities. But, you know, after we
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get one of those channels optimist,
then now we'll go to Twitter when we
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have the time to actually give it those
the love it needs to figure out if it's
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going to be a top channel, or at least
a portion of the mix in your growth
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flywheel makes a ton of sense to follow
up that question. I wanted to know what
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you handle. The transition, just from
collecting leads to actually moving to
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like a true demand gen scenario. Yeah,
this is, um, I think this is a very hot
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topic right now, especially just given
what's going on in B two b marketing
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and kind of traditional following from
that old model of just lean Jen
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contents indication. Driving a bunch of
volume that way versus kind of flipping
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the script and focusing on what drives
qualified pipeline. So
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I think it's something that a lot of
companies struggle with because they
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already have sales teams set up where
they need the volume and to feed their
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SDRs in their eighties. But and that
puts you in as a marketer and just even,
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you know, someone who is involved in
the funnel. Even as sales leadership
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and things like that. That puts you in
a hard place when you're like, Yeah,
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let's just turn all this off and we're
going to go to this model that never
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works. So don't do that. Uh, you can't
just completely shut something off
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without having a plan and something
else running, either transitioning it
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or having a very laid out detailed plan.
So you have to prepare for a shift like
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this, and you have to prepare for it
with sales, leadership, marketing,
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leadership all your life. Go to market
teams because it's kind of a
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fundamental shift in the way you think
and the metrics that you're going to be
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reporting on as well. So you need to me
as a demand and market, or you need to
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come up with a plan and have it well
thought out, and it takes a little time.
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You're not going to do that in like, a
week, and then the next week say, Hey,
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we're turning this off. We're turning
this on. So I'd say, Define what
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campaigns you're going to start with
and why, and on what channels to take,
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you know, get away from I would say,
the Legion model and then obviously
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start small. Some companies, depending
on if you. If you need that volume,
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it's going to be an issue for sales,
right? So there's a couple of things
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that you can do. Number one. You need
to meet with your sales leadership team
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and you need to get aligned on. Hey,
this is gonna Volume is going to go
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down, right? But here's what we can do
to supplement it. That has to be the
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expectation, because everyone will
freak out when volume goes down and
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they want to go back to their old
traditional ways of just running, like
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get any books on link dinner like
contents. Indication campaigns. Um, so
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the more thorough your plan is, I think
the more confidence not just like the
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marketing team, but other like the
sales team will have, and they'll be
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prepared for it as well. So if you need
content, if you need to supply while
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you make this transition because there
will be a law and leads, obviously the
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dip in the leads are going to be in the
leads that convert at the lowest
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percent. So it's not going to impact
like if you know if your demos are
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going down, but you definitely need to
have kind of backup plans for
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yourselves. Team. If you already have a
sales team that's reliant on those Hey,
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everybody, Logan with sweet fish here
if you've been listening to the show
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for a while, you know we're big
proponents of putting out original
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organic content on linked in. But one
thing that's always been a struggle for
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a team like ours is to easily track the
reach of that linked in content. That's
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why I was really excited when I heard
about Shield the other day from a
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connection on you guessed it linked in.
Since our team started using shield,
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I've loved how it's led us easily track
and analyze the performance of our
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LinkedIn content without having to
manually log it ourselves. It
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automatically creates reports and
generate some dashboards that are
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incredibly useful to see things like
what contents been performing the best
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And what days of the week are we
getting the most engagement and our
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average views per post? I highly
suggest you guys check out this tool.
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If you're putting out content on
LinkedIn and if you're not, you should
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00:16:33.230 --> 00:16:38.630
be. It's been a game changer for us. If
you go to shield app dot ai and check
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00:16:38.630 --> 00:16:43.490
out the 10 day free trial. You can even
use our promo code B two B growth to
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00:16:43.490 --> 00:16:49.480
get a 25% discount. Again, that's
shield app dot ai And that promo code
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00:16:49.490 --> 00:16:54.630
is B. The number to be growth. All one
word. All right, let's get back to the
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show. You shared a couple of the kind
of the Legion type campaigns, the gated
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e books on LinkedIn, that kind of stuff.
Could you walk us through? What are
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some dimension campaigns that you're
seeing a lot of success with with with
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some of your clients? Yeah. So, um,
definitely. And Chris talks about this
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on the podcast, too. So but some of the
stuff that we deploy with clients that
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we see kind of success with as we start
figuring out the mix is kind of a more
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product based campaigns where we are
feature kind of marketing product
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marketing. We're featuring a feature or
something that they do very well. Maybe
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their competition doesn't and we're
just educating them the audience on
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what that may be. And then we're not
asking for any information. We're just
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wanting them to consume the ad and then
also click through. And then they click
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through to a quick product page that
they can scroll on the page. I
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understand what the product does and
then not convert. We're not. When I say
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demand campaigns, I guess we're not
looking for that direct conversion
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right then, like a traditional Legion
campaign would run. You're looking for
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that direct form pill or you're looking
for them to click and immediately fill
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out the form. It's really like product
awareness. Some other good heavens is
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case studies, right? If you can, you
know, published some case studies that
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have some interesting data behind them
and get your audience to see Oh, this
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client. This company used this and
that's what they solved for them. Hey,
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I have that same problem. I want to see
how they did that and goes to a short
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case study page that's consumable on
mobile. That's those are some two that
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we've seen pretty good success with.
That we run and we figure out which
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messaging works and which messaging
doesn't work as good, which value props
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people are engaging with, and then we
can see how that correlates to overall
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website demo requests. Yeah, Sydney
going in, um, kind of a different
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direction here. Um, I just wanted to
ask what? What role would you say?
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Operations plays in enabling growth. I
love marketing ops. I think to be good
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at, you know, do we just need to
understand it? I kind of, like, went
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off on a post on somebody linked in a
couple weeks ago. But a lot of
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companies, especially early, even like
mid size BB SAS companies that I look
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at her I've worked for or, um, I have,
you know, access to their self worth.
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There's so many simple, simple things
that could be done that would make
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marketing and sales leadership life so
much easier from a reporting
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perspective if they've implemented it.
So I'm a huge, huge proponent of
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getting an operations, And it could be
it doesn't have to be marketing ops. It
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could be sales apps, or like a general
rib ops type of person in your growth
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team earlier, or working with your
growth team sooner than later. Because
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many BDB companies fail to invest in
the foundational items. And I'm not
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talking about Martek. I'm just talking
about like the basics of setting up,
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you know, a CRM and a marketing
automation platform so that they're
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talking to each other well and
leveraging the data that they do have.
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A lot of companies have data. That's
just not, but they don't have the right
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fields or they weren't capturing it
correctly. So it's really hard to
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report on. And if you set this up and
you invest in it early, I mean this
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will help the entire company. It's
going to help the CEO pull, um, have
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data that they need for board meetings
and investors. That's going to help
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your finance team. So it's not just
limited the marketing and sales. I
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think this is something I see that
companies don't do. And I'm very
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passionate about it to get to get them
to do it sooner than later. All right,
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I want to go on ahead. Uh, we've got
eight minutes left here with Sidney. I
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want to go ahead and open up the room
for anyone that's got questions. So,
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while we're waiting on hand raisers,
Dan, is there anything that we've
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talked about here that that you want to
double, click on or press press more
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into? Absolutely. I'm still trying to
figure out the scope of demand. Gen
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What it includes. What it doesn't
include, um had a fun post a couple of
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weeks ago about the debate about about
while demand Gen. Is, um, I'm curious
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to see Chris Walker showed up and it
was fun. He described it as being a
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little bit more tactical, though it's
still strategic. Would you consider
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demand gender? Kind of be like, if you
look at just like the five PS of
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marketing product place price promotion
that demand. Jin kind of sits solidly
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just within that promotion like it
doesn't really. You don't go to your
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customers and dig into the like, the
product, the place of the price, even
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the position of the general company too
much, right? Is it just generally land
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within the promotion side? Yeah, I
think. Yeah, this is such a hot topic
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right now, but I think traditionally
it's always sat kind of that promotion,
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and it's kind of been more of a Hey,
here's what we need. Now go figure out
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how to get it, and that's what the
management has done. I think, though
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what we're seeing now demand is growing
into a little bit more on the strategy
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side where, yes, you have. You have
dimension executing and promoting
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things to get the pipeline that the
company needs. But you can also, I
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think, one of the main at least what I
try to do is take the Take the insights
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and learnings from that and give that
back to the rest of the marketing team.
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00:22:42.650 --> 00:22:47.860
The rest of the product and engineering.
Um, that was something at my last
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company. I tried to do a lot, is really
aligned with
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product and engineering and our product
marketing team with those insights, and
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especially to if content is separated
from the mansion, you have to be able
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to talk to content and understand
what's working and what's not. What's
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00:23:08.130 --> 00:23:12.900
messaging is working and give that back
to them. So then that can fuel the
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content strategy because the content,
strategy and the content fuels demand.
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So it's kind of like a mini feedback
loop in my mind. Awesome. Thanks,
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Sydney. We brought up Randy Cassar. He
is a social strategist and podcaster at
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uniform. Randy, do we have your
permission to share your voice on on
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our podcast before we have to ask your
question. Yes, of course. Wonderful.
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Alright, Randy, fire away with your
question or your comment for Sydney.
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This is a great conversation. Love you
guys, Uh, bring this topic up. So I sit
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in on the social side of the content
side and then I work with our demand.
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Gen If there are, that's two questions.
If there is one tip that you have for
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00:23:57.290 --> 00:24:01.850
how social can work with demand, Gen,
would it be that's number one. And then
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00:24:01.850 --> 00:24:06.690
the second question is completely
unrelated. How does automation fit
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00:24:06.700 --> 00:24:13.320
within the demand? Gen space. Okay. Hi.
Ready? Nice to Iain. Thanks for asking
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00:24:13.320 --> 00:24:20.240
questions. So the first question was be
the number one tip or tip for how
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social can work with the mansion or
some similar around. That's okay. Yeah.
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I think
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how I've approached this before is
especially be running paid on social,
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right, which demands unusually is or
they're wanting to Is having kind of a
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00:24:40.200 --> 00:24:45.560
feedback loop like this is what's
working well and and also a testing
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framework. So we before we even
launched something on paid What do we
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00:24:51.780 --> 00:24:55.760
want to what do we want to find out.
What do we want to test? What messaging
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00:24:55.760 --> 00:25:01.070
do we think could be interesting? Um,
and different to try or, you know,
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00:25:01.080 --> 00:25:03.790
something like that. And from a
creative perspective to obviously the
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images are crucial and social. So I'm a
line with creating a quick testing
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framework for paid ads depending on
which direction you're trying to go.
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And then, um, also, I mean, I think
social and content should have access
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to everything that you're running. It
should be able to see the same data
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00:25:25.620 --> 00:25:30.820
that imagine seeing and both pull
insights out of that to inform your
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00:25:30.820 --> 00:25:35.860
strategy in the future. Good point.
Okay. The second question was, how does
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Adam Nation fit into demand? Jin, I've
seen this. It depends on the company.
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I've personally overseen marketing
automation before as a director of
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00:25:43.950 --> 00:25:48.920
demand. Jin, I've seen it lived
centrally and ops team. So, like the
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00:25:48.920 --> 00:25:52.790
organ structure stuff depends really on
the company, but from a demand Jen's
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00:25:52.790 --> 00:25:57.090
perspective, you have to know how it
works. And you have to be able to
330
00:25:57.090 --> 00:26:01.660
recommend how it needs to be set up in
order to show success on your campaigns.
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00:26:02.040 --> 00:26:06.460
So that's like the benefit and how
crucial it is to demand GEN marketers.
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00:26:06.470 --> 00:26:10.180
If you are going to launch a campaign
and you don't know how it needs to be
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00:26:10.180 --> 00:26:14.100
set up in your marketing automation
system with your DTM lengths, how
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00:26:14.100 --> 00:26:18.910
you're tracking it, you're likely going
to fall down and and and miss on some
335
00:26:18.920 --> 00:26:23.290
attribution and just overall tracking.
Obviously, we all know you can't track
336
00:26:23.290 --> 00:26:26.050
everything but track what you can. And
337
00:26:27.490 --> 00:26:35.760
do you think automation is the one, um,
technology that is going to help or not
338
00:26:35.770 --> 00:26:40.290
over the next year? Is it the missing
links that's gonna make everybody more
339
00:26:40.290 --> 00:26:45.300
productive or I don't really think it's
the missing link. I think you can only
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00:26:45.300 --> 00:26:49.650
automate so much and especially with
what's going on with a lot of the
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privacy laws and a lot of stuff.
Google's changing and Facebook's
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00:26:52.940 --> 00:26:58.490
changing. With IOS 14, it's going to
get more challenging to track and
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00:26:58.500 --> 00:27:02.680
automate things, so I don't think it's
going to be like the missing piece of
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00:27:02.680 --> 00:27:07.580
the puzzle. I just think you have to
know where it fits in and when to use
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00:27:07.580 --> 00:27:12.220
it, but I don't think it's the end all
be all. All right, We are right at our
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00:27:12.220 --> 00:27:15.970
time. Thank you so much for your
question. Randi. Sydney, if there are
347
00:27:15.970 --> 00:27:20.800
folks listening on GDP growth for here
in the live audience, I want to stay
348
00:27:20.800 --> 00:27:25.740
connected with you. What's the best way
for them to go ahead and do that? Yeah.
349
00:27:25.750 --> 00:27:30.820
My LinkedIn to Sydney waterfall. Feel
free to connect and DM or also the
350
00:27:30.960 --> 00:27:35.470
email me at Sydney at refined labs dot
com. Awesome. Sidney, thank you so much.
351
00:27:35.470 --> 00:27:40.680
Dan. Leslie. Randy, thank you so much
for joining up here. And if you're
352
00:27:40.680 --> 00:27:44.620
listening on GDP growth and you're not
following the BDB Growth club on
353
00:27:44.620 --> 00:27:48.310
clubhouse, make sure to do that. Also
follow. Dan and myself were doing the
354
00:27:48.310 --> 00:27:52.800
marketing at noon room Monday to Friday
at noon eastern time all the way
355
00:27:52.800 --> 00:27:56.990
through March. And we'll probably do it
into April as well. But really excited
356
00:27:56.990 --> 00:28:00.630
about this again. Sidney, thank you so
much for your time today. And I really
357
00:28:00.630 --> 00:28:04.360
look forward to seeing you all hear
tomorrow.
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00:28:06.140 --> 00:28:09.920
For the longest time, I was asking
people to leave a review of GDP growth
359
00:28:09.920 --> 00:28:14.370
in apple podcasts. But I realized that
was kind of stupid because leaving a
360
00:28:14.370 --> 00:28:19.530
review is way harder than just leaving
a simple rating. So I'm changing my
361
00:28:19.530 --> 00:28:23.230
tune a bit. Instead of asking you to
leave a review, I'm just gonna ask you
362
00:28:23.230 --> 00:28:27.270
to go. To be be growth in apple
podcasts, scroll down until you see the
363
00:28:27.270 --> 00:28:30.930
ratings and reviews section and just
tap the number of stars you want to
364
00:28:30.930 --> 00:28:36.560
give us no review necessary Super easy.
And I promise it will help us out a ton.
365
00:28:36.940 --> 00:28:40.750
If you want a copy of my book content
based networking, just shoot me a text
366
00:28:40.760 --> 00:28:45.300
after you leave the rating and I'll
send on your way. Text me at 4074 and I
367
00:28:45.300 --> 00:28:49.060
know 33 to 8.