Transcript
WEBVTT
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Conversations from the front lines of marketing. This is B two B growth.
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Welcome back to be to be growth. I'm Dan Sanchez with sweet fish media
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and today I'm joined by San Graham
vagery, who is the CO founder of
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terminus and the author of a B
M, is b two B. San
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Graham, thanks so much for joining
me on the show today. Dan excited
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to be here. I'm glad we're
able to make it happen absolutely as everybody
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listening to this knows, I did
a deep dive into account based marketing through
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the month of February, going from
as a B two C marketer transitioning to
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be to be. It's been a
fun journey. I've learned a lot about
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account based marketing and I've certainly learned
that San Graham is the man when it
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comes to account based marketing. In
fact, when I first started on the
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journey and asked for book recommendations,
a B M is B two B was
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by far the most recommended book.
That people are like, Oh, have
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you checked out this book? Have
you checked out Sam Graham's book? If
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you heard from San Graham, you
were definitely the most frequently mentioned person when
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it came to getting into this topic
of account based marketing, which I think
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has been downyel a while, but
it's definitely picked up over the last five
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or six years. Would termine us, and you have a new book coming
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out and that's what we're gonna be
talking about in this podcast recording today.
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So, Sand Graham, I'd like
to even start, before jumping into the
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book, talking a little bit about
like account based marketing. Like you started
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terminus five, six years ago and
naturally, like the category, the whole
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meaning behind the word has evolved over
time. So like, where has it
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come and since the time you've actually
founded the company? What? Two things?
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One, you'll have to give me
the list of all the people who
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dropped my name so I can send
them all ten bucks every time they did
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that. That that that's really what's
happening there. But I appreciate and I
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love the fact that you actually went
deep and read as many books and as
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many different ideas that are around it, because that's going to make this conversation
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super rich for me. The A
B M is B TWOB was the second
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book and, quite frankly, I
remember this conversation with my publisher. They're
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like, let me get this straight. You want to write a book that
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has two acronyms in the title,
which is typically it has never ever happened
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before. And what the heck are
those? Like? What is a B
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M and what is BTB? And
I'm like, if you don't know,
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then you don't need to read the
book. I just know this is the
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audience and if if they don't know
a B M or they haven't heard the
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word, the letters a B M, then they don't need to read the
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book. This is not for them. So I was very intentional about making
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sure that it is as provocative as
it can be in order for people to
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just get a get a shot in
the arm and say, well, is
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that really or is it not?
And the title itself came from the Sales
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Team, and I don't think most
people understand that part is it came from
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the sales team. And as I'm
writing that, my third one like that,
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I think a lot of people start
coming up with the title first and
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then to write the book. I
typically try to write the book and then
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come up with the title. And
the reason is you learn a lot about
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what's going on and you have to
let your ego go aside and actually just
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be again a student off it.
So that's how I became the author of
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the second book on a b m. s bb was just I just became
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a student of a b m.
and then you answer you a question more
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directly on what has changed. I
felt like that's literally the evolution in the
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book earlier when we wrote the A
B M accounts marketing for dummies. That
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valley is published my first book.
I honestly just thought it's a better mouse
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trap, it's a better acquisition.
That the whole flip. My funnel movement
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was about, Hey, look,
why go after Indian everybody? Why not
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go after the right accounts if you
know you can serve them the best,
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and that's really was my thesis for
the First Book. That's what of the
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thesis for Launching Terminus. And what's
interesting is over the years I would constantly
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see people running all kinds of campaign
that were very different than acquisition, which
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is what led me to like,
wait a minute, what are they running?
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And really, when we even deeper, it seemed like, Whoa,
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marketers are now running pipeline velocity campaigns. That was a very big and new
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idea and probably still a very big
and new idea for a lot of people
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because marketers typically stop at the acquisition
because that's what their goal is. But
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modern organizations would want marketers to go
all the way to the sales part,
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all the way to closing the deals. So I saw a pipeline velocity become
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a big deal, meaning if you
have deals in your pipe, you should
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be working on it as a matter
of Dan. I would I would literally
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go on record and say that in
every organization right now listening to this,
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if they stop acquisition whenever this goes
launched, let's just say it gets you
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know, this podcast is launched in
March, April. If you stop acquisition
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completely, chances are you might say, oh no, then we're not going
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to hit our numbers. You actually
will still hit the numbers if you focus
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on your pipeline. As a matter
of fact, you might actually break the
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record and hit better numbers at the
end of the year from a from a
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revenue perspective, if you only focused
on the pipeline. And the reason it's
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quite simple. Those accounts that are
in your pipeline are the ones they have
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raised their hands and said we're gonna
buy from you or your competitor. So
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marketing not working and helping the sales
team to close those accounts is the greatest
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tragedy of marketing, quite frankly,
very dramatically so. So as I started
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seeing modern organizations focus on pipeline velocity
and even further, as I have in
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the Book Thompson Reuters, a big, massive company, and others, they
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started focusing on expansion deals. They're
like, look, we got more than
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one product, we already know these
accounts. These are our customers, they
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love us and we want to make
sure that we can now upset across sell
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I like to call observing them with
new services that we have. But they
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don't know they just know us as
company X, but we do eive other
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things. So they started pretty expansion. So that's really what led me to
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this understanding and feeling like man,
this is bigger than acquisition, this is
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bigger than marketing automation. So when
I interviewed and had a lot of sales
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people are part of the process,
I remember every time everybody coming in that's
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just better marketing, that's just B
two B that I mean people. People
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would say that flippantly and I started
to make a note of it and I'm
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like that's what people are saying,
and that became the title of the book.
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So my whole journey thesis from being
just an acquisition only story drawn into
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more of like the way marketing should
work and sales should work. Hey Man,
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I'm drinking the cool head. Honestly, after doing the deep dive,
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that was one of the things I
was trying to figure out, is,
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is this just a better form of
marketing? And my conclusion after doing it
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was like no, this is very
different, because you can't. You can't
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do this in B two c.
like this doesn't work in B two C
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in most situations. Right, there's
probably some obscure situations where you can still
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do this, but in most cases, like this is very much a B
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two B strategy. That and maybe
B two G, right, because there's
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a lot of similarities there, but
it's kind of like this is a very
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particular thing. There's a good definition
of it, there's a good approach to
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it, there's a way you can
measure it as differently than what you're doing
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with other marketing activities. It's very
well defined. I even got into a
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long conversation with a lot of people
two weeks ago on actually picking apart demand
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Gen as a as a category.
I was like demand Gen is actually harder
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to define. It's very loosey Goosey
on its definition. I'd almost make an
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argument that demand Gen as a category
is much more closely to just good marketing.
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A B M is very specific.
You can literally do all your normal
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marketing stuff and do a B M
as this whole separate activity. I do
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have a question for you. Mentioned
if somebody stopped doing acquisition that they would
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be able to do better in their
pipeline. Do you mean that they would
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just reallocate funds to doing the marketing
and advertising to those who are in their
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pipeline, or just dropping it all
together? And do you mean that they
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would like focus, like have more
focus for the pipeline? What do you
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mean? But honestly challenge everybody to
literally say, let me let me put
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it this way. When I used
to go out and speak like not now
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virtually it's kind of you're doing a
lot of it. It's hard to get
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super audience participation on it. But
I will typically speak at events and say
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raise your hand. If you send
a newsletter and almost every person in the
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you know, three thousand people,
they raise their hand. I'm like great,
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now, keep your hand raised.
If nobody, if the people you're
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sending to, and if you say, let's say you stop sending your newsletter
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next week or next month, you
will have somebody pick up the phone or
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email you back and saying hey,
why didn't you send your newsletter? I
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was waiting for it. Raise your
hand if that actually ever happened to anybody.
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None. None. And I'm like, well, that's the challenge.
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That's the problem in nutshell, that
we're doing what we feel is right.
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We're not doing what we what the
customer feels is right. So if we
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take out eight percent of the activities
that actually marking does, that is demand
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Gen or awareness. They actually do
nothing. They really don't drive revenue,
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they really don't create business. It
goes back to the staff from Forrester or,
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let's than one person of the leads
turning to customers. Is just a
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fact. So, with that as
the backdrop of it, my challenge for
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organization is that, honestly, if
you recognize that eighty personal stuff you do
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don't really drive business value or drive
revenue, then why not just drop it
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now? Don't do it, and
instead of that you will now have all
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this time and all these resources and
all these budgetary opportunities that you have and
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actually focus on the fifty deals that
are in pipeline that are supposed to close
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it the next three quarters. Go
ask any salesperson what are your top deals
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you're working on? They don't need
to look at any stinking crm now.
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They know it in their head,
like hey, here are my top ten
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deals. That's gonna help me close
my quota and actually make revenue and that's
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how I put food on the table
from my family. When you know that
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and if the sale, if the
marketing team can now create unscalable experiences for
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those fifty account my bet is on
that that you're can close a lot of
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those fifty accounts. The problem is
we try to scale everything, we try
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to dilute everything, we try to
create things that nobody really wants and then
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wonder what we need more budget to
do different things. But but I will
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challenge. Instead of asking for more, how about cut it out? Stop
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creating e books that nobody's reading,
stop creating social posts that actually get zero
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likes or favorites or engagement on it, stop sending newsletters every week or whatever.
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If, if nobody if you never
if you didn't send that, if
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nobody's gonna cry, then what will
happen for a month or two months?
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If you just stop doing that,
and I promised, people will find more
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time, more budget, more resources, and the sales team will love you
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and that's how you actually drive business
impact. Okay, there's a lot of
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things you said there that I was
like yeah, absolutely, I'm doing it.
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I was spending like a cent up
our budget just targeting everybody, or
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at least the segments that I was
carving out on facebook and on Google,
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very typical legion type approach. And
after doing the series, I'm like,
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Nope, now, at least through
we have a smaller budget. So linkedin
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ads becomes kind of like the best
place where I can actually just target the
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exact companies who want to target.
I'm like, I'm dropping my budget on
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that and, of course, retargeting
once I can get them from Linkedin to
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our website. But I know I
have control over a little bit more control
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over which accounts are actually seeing it. I'm like, I'm pretty much shifting
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all my ad budget that way.
It just makes sense. A B M
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just makes sense. If I would
have been able to do this in B
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two C and could only target the
people who had the means, and we're
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in somewhat in the market for what
I could sell, then I would have
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only targeted them. But there's no
way to do that in BC, but
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in B Two b you can know
what you just said. I wish it
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should be an auto play for every
person to listen every morning as they drive
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or get on the call, get
their coffee on. Is like, if
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you're in a B two B,
it's a privilege right now, because people,
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we always have the other person as
a better, like greener yard.
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Right like that, just a feeling
that every Oh, I wish I wasn't
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b two see it's more sexy.
We could do really cool things. We
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can just run a bunch of email
campaigns. You know, if you're in
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B two C, you have absolutely
no idea how and who you can serve
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all the time. Like there's just
so much pressure on driving revenue immediately on
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a regular basis. Sometimes it works
on something, doesn't you create all these
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brand campaigns hoping that things would happen, but you're not not necessary. As
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an example, I drive a jeep
gladiator Um, so people who are in
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jeeps. They will be like,
oh, that's really cool, but who?
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How did how did they target me? How did they get me?
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Like it was ten years ago,
when I was like almost fifteen years ago,
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when I was in University of Alabama
and I would see jeep jeeps all
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over the place and I'm like I
want to run own a jeep one day,
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like that just became a dream and
I saw ads and I saw people
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and all that stuff and I went
in Boudjee gladiator. Well, how in
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the hell? WHO GETS CREDIT FOR
IT IN BBC? Like who will get
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credit for that? Like it's it's
really hard. But in B two B
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you know the five hundred accounts that
you can serve the best. You know
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who are the accounts that you can
actually make people get promoted in their organization
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if you serve them better. You
know what pain points they have and how
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many people are in the decision making
process. So if you know all that,
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you have a privilege and I think
people need to take responsibility for it.
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Absolutely and honestly. You've got to
take responsibility for the marketing budget.
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You've been entrusted to actually spend better, but we're how'm a fan boy.
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You are clearly a fan of a
B M. You've written two books on
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it. So when we know where
a B Ms Bim, I'd love to
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learn from you, Sangraham, a
little bit more about where you think the
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whole category is going. Things are
changing. Viewpoints on a B M is
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changing, technology is changing. A
lot of interesting things going on, even
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with cookies and all those kinds of
technological things changing, Um, and categories
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expanding. It's getting bigger, people
are getting better at it. With all
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these things going and you've been in
the category for so long now, like,
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where do you see it going and
tell me a little bit about like
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where your book fits into it.
So I'd love to learn about what you're
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writing, where you see it going. So give me, give me a
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glimpse of the future. Well,
well, here we go. Um,
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you know, in order to see
the future, we always have to know
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where we came from, right.
So it's it's important to recognize that.
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As we go and look at the
evolution of it, we we see that
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email was a big part of what
marketing did and and it still is doing,
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and that was a big category at
one point and then it just became
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a part of what marketers do.
You. Then you look at marketing automation.
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That became a big part of what
marketers do and everybody now use this
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marketing automation. But these are all
technologies. Ultimately, the reason a B
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M became so phenomenally big compared to
any of these two things, where these
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two became a subset of a B
M, is because, as a stro
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rategy, it's not a tool.
Like anybody who comes and says to me
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how we use terminus and I'm doing
a B M. I'm like, no,
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you're not. You're doing a b
m to the best ability that terminus
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allows you to do. But if
you're not doing direct mail and not using
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pfl or Alice or any of these
folks, you're not creating high tech and
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high touch experiences, if you're not
using something like outlaw outreach or sales loft
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and creating those cadences, you're you're
you don't have your sales team baked into
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it. So No, you're not
doing a B M because you use one
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software, you you do a B
M and you actually have a holistic strategy
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around an account that you're going after. So so that's why a B M
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is so much more bigger in value
and valuation and all that stuff. But
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it still took me six years.
Than six years to convince the analyst world
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to put it put us on a
wave, six years for forrester to create
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an a B M wave. That
that they didn't create. And until they
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create a B M like like a
wave for your product, it is actually
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not a true of category because when
you create a wave you actually become an
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enterprise class solution. So now,
finally, when they created last year,
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where a B M has not become
a something, that that's actually where enterprises,
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where our F fees are needed.
We're companies saying we've got to do
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this, we are the best on
top to right quadrant and let's have them
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come in. So finally, after
six years. So it takes a long
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time. Is a big lesson for
me, and that like when you think
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about creating categories. What's now I
see, when I see the future and
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what I'm writing on right now,
is a new north star, because all
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of that email marketing automation was about
helping marketers get their job done easier,
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maybe faster, um in a in
a tactical way. A B M elevated
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that to a strategy that brought marketing
and sales together and said that we are
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one team. We need to work
together, we gotta have the same metrics,
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the same target accounts and all the
team framework that we talked about in
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the book. But then I think
where I feel we're going now to go
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to market. It's like, ultimately, you know, the new North Star
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for organizations group understand a B M
is actually what does our go to market
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process meaning? How do I bring
not only marketing and sales but also customers
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success together? That becomes your high
performing go to market revenue team, and
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that's what I'm writing right now about. Is that how organizations go from an
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organization that is focused on leads to
then focus on accounts to now focus on
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customers. In another way, said, it could be how you go from
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ideation to transition to execution. A
different way, even from the framework perspective,
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to think about how do you go
from a problem market fit to a
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product market fit to a platform market
fit? And I'm throwing all these phrases
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because I want people to recognize that
as an organization evolves, they will have
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to start thinking about it in business
context and business terms, and businesses don't
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always say the same things that people
in the execution levels say. So you
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right now, as a marketing or
sales leader, maybe thinking about leads,
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accounts and customers. That's great,
but if you ask your cl what is
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he talking about? What is she
talking about? They're not talking about leads,
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accounts and customers, they're talking about
hey, if you're in the transition
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phase, we are in the growth
phase, we're in the execution phase.
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Like that's those that's the vocabulary they're
using. So ultimately, where I think
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the market is moving is figuring out
what is our go to market process,
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strategy are and and almost thinking about
go to market as a product itself.
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Hey, everybody logan with sweet fish
here. If you've been listening to the
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show for a while, you know
we're big proponents of putting out original,
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organic content on Linkedin, but one
thing that's always been a struggle for a
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team like ours is to easily track
the reach of that linkedin 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
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shield, I've loved of how it's
led US easily track and analyze the performance
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00:19:03.759 --> 00:19:08.240
of our linkedin content without having to
manually log it ourselves. It automatically creates
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00:19:08.240 --> 00:19:14.319
reports and generates some dashboards that are
incredibly useful to see things like what content
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00:19:14.359 --> 00:19:17.400
has been performing the best and what
days of the week are we getting the
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00:19:17.400 --> 00:19:22.440
most engagement and our average views pro
post. I highly suggest you guys check
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00:19:22.440 --> 00:19:25.799
out this tool if you're putting out
content on Linkedin, and if you're not,
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00:19:26.079 --> 00:19:27.960
you should be. It's been a
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295
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Again. That's shield APP DOT AI
and that Promo Code is be,
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the number to be growth. All
one word. All right, let's get
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back to the show. So how
do you product tize that? I mean
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it's a go to market strategies,
the whole value creation kind of like the
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whole process that you're bringing to market
in order to deliver value. At least
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that's how I understand go to market. How do you actually productize that?
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You said at the end, and
I was like wait, what? Yeah,
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yeah, well, I mean that's
where where where things are going?
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Like we we are going to create
a go to market cloud as a company.
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But just like a B M,
it's a strategy. So we will
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not have the monopoly on it,
just like we don't have a monopoly and
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a b M. Anybody but can
go and create a bunch of a B
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M platforms and different pieces to it, because there are different pieces to it.
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But a B M was very much
constricted to marketing and a lot of
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the things that create a very in
marketing. So if you think about let's
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just take our company as an example, terminus, we made four different acquisitions.
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We were an ads company when we
started. Then we acquired bright funnel
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so that we can help companies look
at analytics from all the advertising they do.
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Then we acquired bramble chat so we
can create personalized experiences for people on
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the website. Then we acquired Barfaire
so we can give them intent data around
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what's happening and how do they look
at the next accounts they need to go
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after. If you really take a
step back and think about that, makes
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00:21:03.119 --> 00:21:07.160
no sense. If I said,
hey, a company is acquiring a chat
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platform and an ad platform and an
analytics platform, like it doesn't make sense.
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00:21:11.160 --> 00:21:15.319
But it makes sense when you pull
that together in a strategy, saying
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well, we're helping you do your
a, b m strategy. Similarly,
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I feel, when you think about
go to market, it is a full
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on strategy. So and a go
to market process. You would say,
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I want to create have marketing solutions, customer solutions and sales solution and all
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of them need to work together in
order for us to have one view around
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it, have one go to market
scorecard. I'll give you a very specific
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example, Dan. That's happening in
our organization that I believe is starting to
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happen in more and more modern organizations. Every Tuesday we have a team meeting,
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an executive meeting, and Mallory Matory
Lee, who runs our revenue operations,
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00:21:52.240 --> 00:21:56.000
she runs that meeting. She opens
that meeting. She opens with a
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go to market scorecard and says that, folks, here's a r here's where
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we are on the revenue, here's
where are when the expansion revenue, here
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we are on the gross margins and
gross profits. She literally puts the go
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to market score card and then the
conversation begins and then we get into priorities
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from last entire year. That is
exactly every single executive meeting has started.
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So I think marketers need to recognize
that what's really happening at the sea level.
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At the sea level they're talking about
business outcomes in terms. So I
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00:22:26.319 --> 00:22:30.000
feel marketing is gonna if they want
to uplevel the conversation. Go to market
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00:22:30.160 --> 00:22:33.599
is really where they need to get
in. It's like, well, whatever
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00:22:33.640 --> 00:22:37.839
we do, how does that impact
our business? To move from point to
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point B and I think that's a
whole strategy and that will turn into a
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product one day. Man, that
makes so much sense. I had somebody
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00:22:44.559 --> 00:22:48.880
asked me I had posted that I
on Linkedin recently that I read every book
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00:22:49.039 --> 00:22:55.039
I could find on account based marketing. Spend eleven books and Oh my God
344
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that's a lot. I didn't realize
there were so many. Eleven books.
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00:22:56.720 --> 00:23:00.960
Some of them are small and obscure
and written by people that I'd never heard
346
00:23:00.000 --> 00:23:03.359
before. I had to go dive
deep and find them all and I include
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00:23:03.400 --> 00:23:07.359
some books that are probably more B
two B in general but have a good
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00:23:07.400 --> 00:23:11.160
section on a B M, like
Um Samantha Stones Book unleashed possible has a
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00:23:11.200 --> 00:23:14.160
great a B M section, but
it's more of a B two B book.
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00:23:14.480 --> 00:23:18.960
I put James's book in there because
it has h a B M applications
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for sure, that we use all
the time. Um, so e loving
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00:23:21.559 --> 00:23:23.720
different books. There's probably more I
could add eventually, and eventually your new
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00:23:23.720 --> 00:23:26.960
book will be on there. But
somebody asked me like Oh, he was
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00:23:27.000 --> 00:23:30.559
asking for a book recommendation. I'm
like sure, like give me like where
355
00:23:30.599 --> 00:23:33.200
you're at and like what flavor,
what kind of thing you're looking for,
356
00:23:33.279 --> 00:23:37.359
and since some books are better at
different points than others. He's like,
357
00:23:37.400 --> 00:23:41.000
well, I'd really like to learn
how to bridge, make a bridge with
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account based marketing, between marketing,
sales and customer service. I was like,
359
00:23:44.359 --> 00:23:48.240
Oh, no one's written that book
yet, but I told them I
360
00:23:48.240 --> 00:23:51.799
have a feeling sand gram might be
writing that book, so that book might
361
00:23:51.839 --> 00:23:55.960
be coming out soon. It's funny
you say that then, because here's here's
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the most fascinating thing. Like with
all of my books, I'm huge on
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00:24:00.119 --> 00:24:03.319
research. I'm really really I really
become a student again, like that's how
364
00:24:03.559 --> 00:24:07.000
it's not an altruistic, egoistic we
have. Well, I had a point
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of view and I'm gonna go with
it. It's really I have a feeling,
366
00:24:11.240 --> 00:24:15.160
but I want to get the right
people to get it. So I
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00:24:15.200 --> 00:24:18.319
interviewed like Brian Halligan, CEO of
hub spot, manny, you know,
368
00:24:18.319 --> 00:24:21.960
see if outreach, you know,
Sydney sells, like like nick matter,
369
00:24:22.000 --> 00:24:26.200
CEF gain side, like bunch of
CEOS, bunch of vcs with billion dollar
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00:24:26.240 --> 00:24:30.440
portfolios, bunch of CMOS, bunch
of C R os, bunch of analysts
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00:24:30.000 --> 00:24:33.039
and bunch of a B M R
s. So six different perspectives as I
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started writing this, this book.
And what's interesting is that every CEO I
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00:24:38.400 --> 00:24:44.440
asked them who owns? Go to
market? And that's the same question I
374
00:24:44.440 --> 00:24:48.119
asked every single one of these six
different six different leaders. What's interesting is
375
00:24:48.519 --> 00:24:53.480
every CEO said, outside of the
vision and culture, which obviously the CEO
376
00:24:53.559 --> 00:25:00.640
owns, ultimately go to market is
the one thing that they absolutely no matter
377
00:25:00.680 --> 00:25:03.440
if there are a public company CEO
like Brian Halligan, who's like for the
378
00:25:03.519 --> 00:25:06.039
last thirty years, that's what I
owned, all the way to a startup
379
00:25:06.039 --> 00:25:07.200
company CEO saying well, if that, if I don't know that, what
380
00:25:07.240 --> 00:25:11.400
do I own? What's interesting is
the CMOS thought, well, the CR
381
00:25:11.480 --> 00:25:15.599
owns it. When you go to
an analyst, they think that maybe the
382
00:25:15.680 --> 00:25:21.119
CMOS and because they think about it
as just product launches. So it's really
383
00:25:21.200 --> 00:25:25.319
interesting that all these key people who
are part of the good market process,
384
00:25:25.400 --> 00:25:30.279
that machinery that takes dreams of founders
into reality in the marketplace for what customers
385
00:25:30.319 --> 00:25:36.160
benefit from. There is a gap
there and there is that gap is really
386
00:25:36.240 --> 00:25:40.119
where we're trying to create the understanding
of like, well, it's a process.
387
00:25:40.160 --> 00:25:44.880
I think Brian Halligan said it the
best. He said good market,
388
00:25:45.279 --> 00:25:47.319
how do you define it? He
said, well, you know, a
389
00:25:47.400 --> 00:25:49.240
lot of people go on a weekend
trip and try to figure out what their
390
00:25:49.359 --> 00:25:52.519
good market strategy is going to be
and come back and say this is it.
391
00:25:53.200 --> 00:25:56.880
What he realized in fourteen years of
building a company? Two hundred million
392
00:25:56.960 --> 00:26:00.920
a r R. Right now we
just icolis like a hundred thousand customers or
393
00:26:02.000 --> 00:26:04.720
something like that now. And he
said the one thing that he realized is
394
00:26:04.759 --> 00:26:11.319
that go to market is itself.
Think about it like a product, meaning
395
00:26:11.759 --> 00:26:14.720
think about that it's going to iterate, it's going to change, it's going
396
00:26:14.759 --> 00:26:17.920
to hook up with different things,
it's going to have different milestones and it's
397
00:26:17.960 --> 00:26:22.039
a constant evolution of things. And
it was really interesting, like he didn't
398
00:26:22.119 --> 00:26:26.440
use the word strategy at all.
He said it's not a strategy. Vision
399
00:26:26.519 --> 00:26:30.480
is you have a vision, but
it's not a strategy, it's a process,
400
00:26:30.559 --> 00:26:33.400
it's a product. So it was
really interesting as I'm going through all
401
00:26:33.400 --> 00:26:36.400
of these interviews that Oh my God, it's so much more deeper and there
402
00:26:36.440 --> 00:26:40.079
are so many different ideas that people
have and I hope that this book distills
403
00:26:40.119 --> 00:26:44.200
it out. It's interesting. Actually
reminds me a lot of something I was
404
00:26:44.319 --> 00:26:47.559
teaching on yesterday. I taught a
small college class and interesting, I'm a
405
00:26:47.559 --> 00:26:51.799
marketer, but I was teaching this
small class on finance and I was I
406
00:26:51.839 --> 00:26:55.279
was running them through the like as
they were taking their entrepreneurship marriage. So
407
00:26:55.279 --> 00:26:56.480
I'm like, there's one thing you
need to understand in finance. It's kind
408
00:26:56.480 --> 00:26:59.559
of like, you know the P
M l. You need to be able
409
00:26:59.559 --> 00:27:02.799
to take your is this idea and
validate it financially like and get good at
410
00:27:02.799 --> 00:27:04.440
doing this in your head. Like
Watch Shark tank. They're like constantly asking
411
00:27:04.519 --> 00:27:08.559
questions to figure out if they have
financial viable models right. But you need
412
00:27:08.599 --> 00:27:11.759
to essentially stop looking at it as
the product and look at it as the
413
00:27:11.799 --> 00:27:15.640
system of delivering the product. Right. You need us not look at what
414
00:27:15.680 --> 00:27:18.000
they make, but the system for
making it. Is that kind of what
415
00:27:18.039 --> 00:27:21.799
you mean by a go to market
is the not the product, not that,
416
00:27:21.880 --> 00:27:23.559
not what you're delivering, but the
system for delivering it. You are
417
00:27:23.559 --> 00:27:26.400
absolutely right. I think that you
think about that is your product, that's
418
00:27:26.400 --> 00:27:30.920
what you work on as the entrepreneur. Don't get caught up in making widgets.
419
00:27:30.319 --> 00:27:33.720
Yeah, you you make the system
for making widgets and that's your real
420
00:27:33.960 --> 00:27:37.599
goal. That's what you have to
think about. Absolutely I think that is
421
00:27:37.759 --> 00:27:41.720
that is spot on. That that
is it is. It is an act
422
00:27:41.799 --> 00:27:45.559
of process. It is a total
process. We're creating this connected experiences all
423
00:27:45.559 --> 00:27:51.519
over the place. But as a
CEO, you actually have to come up
424
00:27:51.640 --> 00:27:53.799
with that and think about it or
challenge your team to do it, and
425
00:27:53.799 --> 00:27:57.559
you have all these teams to execute
on it. But, Gosh, no
426
00:27:57.720 --> 00:28:02.640
CEO talks about leads and accounts and
like that. That's not how they talk
427
00:28:02.720 --> 00:28:06.240
about it. So there is a
level of abstraction there. And and how
428
00:28:06.279 --> 00:28:08.039
do you bridge the gap of like, well, you're talking about this is
429
00:28:08.039 --> 00:28:11.960
the business phase we are in and
this is how we are going to execute
430
00:28:12.039 --> 00:28:15.640
on that business phase and and how
we go through it? I think that's
431
00:28:15.680 --> 00:28:18.759
the gap that I hope this,
uh, this book bridges, and you
432
00:28:18.759 --> 00:28:23.000
would say the CEO is the chief
owner of the go to market. Absolutely
433
00:28:23.039 --> 00:28:26.559
hand it out. I was surprised
and that's why it's fun to be a
434
00:28:26.599 --> 00:28:29.599
student and go back and ask,
because I wouldn't have said that. Honestly,
435
00:28:30.160 --> 00:28:33.119
I would have said maybe a C
R O or in some cases,
436
00:28:33.359 --> 00:28:36.519
many times people would say, well, it's the marketing product launches, or
437
00:28:36.559 --> 00:28:40.000
maybe it's the sales revenue number.
But now go to market, as we
438
00:28:40.000 --> 00:28:42.000
would redefine it for the world,
because it's just like a B m.
439
00:28:42.039 --> 00:28:45.400
It was an old term but it
didn't really have all the belts and whistles
440
00:28:45.400 --> 00:28:48.279
for people to really understand. We
hope that's what go to market is.
441
00:28:48.559 --> 00:28:52.440
It's an old term that people have
a lot of baggage with and I hope
442
00:28:52.559 --> 00:28:56.720
we would be able to clean it
up, Polish it up and actually put
443
00:28:56.759 --> 00:28:59.880
it back on the Mantel and say, you know what, this is really
444
00:29:00.000 --> 00:29:02.920
what it really means and this is
why and how we go about it.
445
00:29:03.279 --> 00:29:06.599
It's really interesting. It's making me
think a lot because I think just before
446
00:29:06.640 --> 00:29:08.200
this conversation I would have said what
you would have said like what are the
447
00:29:08.279 --> 00:29:11.319
chief responsibilities of CEO? And I
would have been like culture and vision.
448
00:29:11.759 --> 00:29:15.559
That's why I even you know,
the current CEO of Microsoft is turning around
449
00:29:15.559 --> 00:29:19.640
Microsoft because he's so focused on vision
and culture and Microsoft right, I don't
450
00:29:19.640 --> 00:29:22.160
think no one, no one doubts
that. But at the same time someone's
451
00:29:22.160 --> 00:29:26.000
got to be focused on how everything
integrates to deliver the most value to the
452
00:29:26.000 --> 00:29:30.920
customer, and there's not a single
person other than the CEO who can do
453
00:29:30.960 --> 00:29:34.559
it, because it touches everything from
finance to marketing and sales and everything in
454
00:29:34.599 --> 00:29:38.039
between. So you're right, it
has to be the CEO and I never
455
00:29:38.480 --> 00:29:41.920
really considered that. I mean always
considered an entrepreneur who's building it. But
456
00:29:42.039 --> 00:29:47.000
even for a larger company with all
these complexities, it's gonna have to be
457
00:29:47.039 --> 00:29:51.400
the CEO. and Bob Iger.
Remember reading his biography recently and it makes
458
00:29:51.440 --> 00:29:52.440
more sense now. I'm like,
Oh, that's why he was the one
459
00:29:52.480 --> 00:29:56.759
really heading up these big deals with
Pixar, even coming up with how do
460
00:29:56.799 --> 00:29:59.880
we even organized Disney plus as a
new business model for us? He was
461
00:30:00.039 --> 00:30:03.240
kind of the one putting all the
big puzzle pieces together. Of course he
462
00:30:03.279 --> 00:30:07.480
invited all the voices in and facilitated
that conversation. But it's a big reason
463
00:30:07.480 --> 00:30:11.279
why Disney's continue to be relevant as
culture has changed so much, is because
464
00:30:11.680 --> 00:30:15.400
he was paying attention to the go
to market. So and and and there's
465
00:30:15.440 --> 00:30:18.640
no, you're right there. They
are the one who actually are thinking about
466
00:30:18.680 --> 00:30:22.279
it, waking up about it.
They may not be the one who are
467
00:30:22.319 --> 00:30:26.000
executing on it, obviously, but
gosh, like you know, how do
468
00:30:26.000 --> 00:30:27.680
you make deals happen? How do
you do acquisition? Do you open up
469
00:30:27.720 --> 00:30:32.920
market in India, or do you
actually launch a new product? Like there
470
00:30:32.960 --> 00:30:36.000
are ideas that come in, but
you order the decision maker on it or
471
00:30:36.119 --> 00:30:38.759
you have to push the organization to
move in a certain direction, to go
472
00:30:38.839 --> 00:30:42.079
and so it's a it's a fascinating
thing, uh, and you're really already
473
00:30:42.119 --> 00:30:45.720
point. It is what brings the
high performing go to market teams, which
474
00:30:45.720 --> 00:30:49.279
is the marketing, sales and customer
success together. Um, and it is
475
00:30:49.279 --> 00:30:53.720
a strategy much like a B M, but it up levels itself to a
476
00:30:53.720 --> 00:30:57.680
C level executive team as opposed to
just VP level team. So that's some
477
00:30:57.720 --> 00:31:02.039
good insight. Uh. One thing
I thought about as we were talking about
478
00:31:02.039 --> 00:31:04.119
a B M entering the customer service
arena. Is there any insights you can
479
00:31:04.200 --> 00:31:07.480
give on like what that looks like
in general as opposed to the way bt
480
00:31:07.559 --> 00:31:11.880
B companies have done customer service before? Be Interested in hearing like a few
481
00:31:12.200 --> 00:31:17.759
few points on what it looks like
with account based marketing in mind. Yeah,
482
00:31:17.960 --> 00:31:21.640
well, it's interesting. I'll give
you sneak peek into it because,
483
00:31:21.680 --> 00:31:26.000
just like last book where we introduced, well, every book right the first
484
00:31:26.039 --> 00:31:30.200
book we introduced the flip my funnel
as a framework, the last books to
485
00:31:30.319 --> 00:31:34.079
be introduced the team framework around target
engage activity measure. So in this book
486
00:31:34.119 --> 00:31:38.599
we can also introduce another framework because
to me, I mean I'm a very
487
00:31:38.640 --> 00:31:41.680
simple mind, like I need a
framework so I can see it and there's
488
00:31:41.759 --> 00:31:45.839
freedom within framework so people can can
use it the way they want and there's
489
00:31:45.839 --> 00:31:49.799
a maturity curve around it to see
where they land on it, so you
490
00:31:49.799 --> 00:31:53.000
can self assess yourself where you are
and then figure out where you want to
491
00:31:53.039 --> 00:31:56.839
go. So all that is say
is is a framework that answers these four
492
00:31:56.960 --> 00:32:01.160
questions and I want to leave you
with that part of it because any more
493
00:32:01.200 --> 00:32:05.160
than that I will do a disservice
to my pr team and UH, and
494
00:32:05.200 --> 00:32:08.119
the publisher team beyond it. But
here are the four questions that this this
495
00:32:08.160 --> 00:32:12.200
book will answer, and especially on
the service side of the House. So
496
00:32:12.279 --> 00:32:15.359
think about this. The first question
it will answer is the WHO question.
497
00:32:15.720 --> 00:32:21.759
WHO SHOULD BE MARKET TOO? That
is a very esoteric question. Almost every
498
00:32:21.799 --> 00:32:24.319
person is asking it and it touches
on the A B M and levels of
499
00:32:24.400 --> 00:32:28.640
Tam I, C P, intent
all that stuff. But answering the question
500
00:32:28.640 --> 00:32:30.799
who should be market too, and
it will evolve depending upon the stage of
501
00:32:30.880 --> 00:32:36.480
your organization, is the second question
it will answer is what do you need
502
00:32:36.599 --> 00:32:42.759
to operate effectively? This is where
the revenue operations really becomes the Gold Star,
503
00:32:43.240 --> 00:32:45.640
if you will right, because they
are the one who are the brains
504
00:32:45.799 --> 00:32:50.359
and are able to tell what is
effective, not sor not not efficiency,
505
00:32:50.640 --> 00:32:55.519
but effectiveness of your business model.
The third question this this book will answer
506
00:32:55.720 --> 00:33:00.119
is like when can we scale our
business? I'm sure then you get this
507
00:33:00.200 --> 00:33:01.359
question all the time from James and
others. Is like well, what do
508
00:33:01.440 --> 00:33:04.680
we how are we going to scale
this thing? And a lot of times
509
00:33:05.000 --> 00:33:08.960
organizations are either in by sales driven
because that's how the business is in the
510
00:33:09.039 --> 00:33:13.960
beginning. Then they bring the marketing
and sales together and then have marketing,
511
00:33:13.960 --> 00:33:17.400
sales and customer success together. So
it becomes an exercise of prioritization, if
512
00:33:17.440 --> 00:33:22.119
you will. And then the fourth
question it will answer is where can we
513
00:33:22.160 --> 00:33:24.920
grow the most? Where can we
grow the most? This is where you
514
00:33:24.960 --> 00:33:28.880
will start answering the question. Well, should we go from one product to
515
00:33:28.960 --> 00:33:32.839
multiproduct? Should we go from sales
direct sales to having channels? Should we
516
00:33:32.880 --> 00:33:37.200
go from just being in North America
to be in emia? So you can
517
00:33:37.240 --> 00:33:39.920
start figuring out what do you grow
the most? So answering the the WHO,
518
00:33:40.039 --> 00:33:43.839
the what, the when, the
where question, like who should be
519
00:33:43.880 --> 00:33:46.680
market? What do you need to
operate effectively? When can we scale our
520
00:33:46.720 --> 00:33:51.240
business and where can we grow the
most? Literally, is going to be
521
00:33:51.279 --> 00:33:53.720
the thesis for the for the book, and that's really how the good market
522
00:33:53.799 --> 00:33:59.519
maturity curve and everything that we will
put together in it and try to hopefully
523
00:33:59.519 --> 00:34:01.799
make comp like simple for a lot
of people who are thinking about go to
524
00:34:01.839 --> 00:34:06.599
market. Yeah, I love the
questions and it makes me think that there
525
00:34:06.640 --> 00:34:10.159
are more overarching questions that kind of
guide the whole conversation around the book and
526
00:34:10.199 --> 00:34:15.280
I imagine that last question in particular
is powerful because a team might decide that
527
00:34:15.360 --> 00:34:19.800
instead of spending a lot of time
and effort going after new accounts, just
528
00:34:19.920 --> 00:34:23.960
expanding our existing accounts and that becomes
a kind of a customer service account management
529
00:34:24.000 --> 00:34:29.000
thing is actually the best place to
grow revenue right now. Not that you
530
00:34:29.079 --> 00:34:31.320
stop account acquisition, you keep going, but you're not going to launch a
531
00:34:31.320 --> 00:34:36.840
whole new campaign around it right now. So that's very interesting. Man,
532
00:34:37.679 --> 00:34:38.800
you've teased me and I'm like,
man, when's this book going to come
533
00:34:38.840 --> 00:34:42.079
out? And I'm sure the audience
is thinking now like yes, Andra,
534
00:34:42.559 --> 00:34:45.199
when's this book got to come out? When can we expect to pre order
535
00:34:45.519 --> 00:34:47.519
or get to get a copy of
this thing? Yeah, well, if
536
00:34:47.559 --> 00:34:51.199
we'll come out in August, Um, well, I don't know when we
537
00:34:51.239 --> 00:34:53.639
can actually put a prior link and
stuff like that, but you'll be one
538
00:34:53.679 --> 00:34:58.320
of the first people do not fantastic. Well, when it comes out,
539
00:34:58.360 --> 00:35:01.119
I will certainly be posting it to
Linkedin and probably mentioning it in this show.
540
00:35:01.760 --> 00:35:06.800
Sandroum, thank you so much for
joining us today. I've learned a
541
00:35:06.800 --> 00:35:08.800
ton and I'm gonna be thinking a
lot about the role of the CEO now
542
00:35:08.840 --> 00:35:13.159
and probably be having lots of conversations
with James about to be fun. That's
543
00:35:13.199 --> 00:35:16.519
awesome. D thank you so much
for about the book when it comes out.
544
00:35:16.559 --> 00:35:20.960
Is there a place they can subscribe
to or connect with you in order
545
00:35:21.000 --> 00:35:24.000
to find out when it comes well, just if if people want to connect
546
00:35:24.000 --> 00:35:27.639
on and just drop me a linkedin
message. I haven't really put on a
547
00:35:27.679 --> 00:35:30.320
website or web page yet on it. This is literally the first conversation of
548
00:35:30.320 --> 00:35:35.199
all conversations I'm having on it since
I've been like heads down on it.
549
00:35:36.239 --> 00:35:38.239
B Two B growth is brought to
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550
00:35:38.320 --> 00:35:42.920
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551
00:35:42.920 --> 00:35:46.079
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