Kris Rudeegraap, Co-CEO, Sendoso, shares about the future of gifting and the role of AI.
0:00
[MUSIC]
0:08
Welcome to Pipeline Visionaries.
0:10
I'm Ian Faison, CEO of Caspian Studios.
0:12
Today, I'm joined by special guest Chris, how are you?
0:16
>> I'm doing awesome, and thanks for having me on the show.
0:18
>> Yeah, excited to chat with you today.
0:21
Our show is always brought to you by our friends at Qualified.
0:24
Go to Qualified.com to learn more about the number one
0:26
conversational sales marketing platform for
0:28
companies revenue teams that use Salesforce.
0:31
Head over to Qualified.com to learn more.
0:34
Let's get into it today, Chris.
0:36
>> Let's do it.
0:37
>> Huge news.
0:38
Huge news.
0:39
Sendoso made a massive acquisition of Alice,
0:43
two of the titans in the space,
0:46
joining forces super exciting.
0:48
Tell us about it.
0:49
>> Yeah. We were really excited about
0:53
the opportunity to join forces with Alice and bring them on.
0:55
I think they have an awesome customer base,
0:58
some really interesting AI tech and
1:00
data that will really help us propel our AI strategy forward.
1:04
That was one of the big drivers,
1:06
aside from consolidating the space so that customers have less choices,
1:10
making it easier for customers to find the best solution,
1:14
and aside from the fact that the more spend and volume we have through our
1:18
platform,
1:18
the more economies of scale and discounts,
1:21
we can pass along back to our customers.
1:23
But the big exciting thing for me was the data and an AI and how the future
1:28
of gifting is really AI enhanced and a lot of data is taken into account to
1:33
figure out
1:33
what's the right thing to send to the right person at the right time,
1:36
with the right message.
1:38
The Alice acquisition gives us a lot more data.
1:42
>> How do you see this all changing?
1:45
How do you see gifting changing?
1:46
What are you so excited about?
1:48
>> Yeah, I see gifting being even
1:50
a more effective channel compared to other channels because I think AI and data
1:55
can really drive more conversions.
1:58
I think for other channels historically ads, etc.,
2:01
there's been a lot of AI influence over the years.
2:04
Google and Facebook, they've had AI for decades.
2:08
But now, and how fast AI is coming around for other channels,
2:14
I think gifting will just see a surge in usage because it can drive that much
2:18
more conversion
2:19
and that much more efficacy.
2:20
>> Yeah, one of the things that you posted about is $37 billion wasted
2:24
on ads that fill to reach target audiences, obviously with gifting,
2:29
it's completely different there.
2:31
And like you said, with AI being able to help,
2:37
how do you think that part of it changes?
2:40
Are we going to be able to reach people with better gifts,
2:43
with better information to reach the right people,
2:46
to see if the gifts are working?
2:49
I was talking about a great gift
2:53
because we had the CMO of TheraBody on here talking about the TheraGUN.
2:57
I was like, that would be a great gift.
3:00
You send the TheraGUNs with Sendoso, right?
3:03
And it sits in your office all day every day and you're sitting there cranking
3:06
on those tech shoulders that we all have.
3:09
But those sort of things, part of the beauty of gifting is the plant
3:14
that sits in someone's office, the TheraGUN, whatever it is that this thing
3:18
is doing impression after impression after impression.
3:20
And we don't know that, right?
3:22
And we can't prove that.
3:23
So how does that sort of change?
3:25
Yeah, so I think there's a couple of questions in there,
3:29
kind of dissecting a couple of different ways.
3:30
One is how AI can affect kind of the right, what is the right gift to send?
3:35
And so I think the plethora of data that we're sitting on from tens of millions
3:40
of sends
3:40
and what we're having access to through a lot of really interesting data
3:45
that we've built from kind of AI, but also through kind of data that's
3:50
available
3:50
through third party enrichments.
3:52
We'll be able to say, hey, does Chris like golfing or does Chris like tennis or
3:57
does this?
3:58
And so there's interest graph that we've built that will really help decide, OK
4:02
Chris gets this, it's going to resonate with him more.
4:04
Then it's like, OK, where's the best place to send it?
4:06
Is it his house?
4:07
Is it office?
4:08
So we can use data for that.
4:10
We can say the timing.
4:11
Is it good to send it today for this prospect?
4:15
Or do we think that timing when they just went to your website,
4:19
or if you're pricing page and we want to trigger that.
4:21
So there's different reasons why you want to have timing be important.
4:26
The message.
4:27
So we've launched last year a gift message writer, either the eGift message
4:32
or the handwritten note message.
4:34
And so now we can craft a better message than say an SDR can write by using AI.
4:40
And I think writing is a key area there.
4:42
So all that will make it easier to get kind of a great gift to the right person
4:49
And drive better results.
4:51
And I think the one thing that is important with the gifting channel
4:56
is that there is inherent costs.
4:57
So it reduces the saturation of that channel.
5:01
For things like email, if you send one email or 10 emails or 10,000 emails,
5:04
relatively costs are not your concern.
5:08
So people end up sending 10 gazillion emails.
5:11
With gifting, you're a bit more thoughtful and a bit more personalized.
5:15
And that means less saturation.
5:18
Yeah, I would add to that.
5:20
However, when those people hire an army of SDRs that are sending all those
5:25
emails,
5:26
then that email that they said was so cheap actually ends up being extremely
5:30
expensive.
5:31
That's very fair.
5:31
And I think we're seeing the shift to away from massive SDR armies to more
5:37
marketing,
5:37
orchestrated kind of growth outbound efforts.
5:41
At least that's what we're doing over here at SEDISO too.
5:45
Oh, yeah, us too.
5:46
It's crazy.
5:46
I would never-- I mean, each company is totally different.
5:51
And not to say that SDRs are helpful and useful and sort of their purpose.
5:56
I would never build a team of SDRs for what we're doing at Caspian
6:03
because it's run by marketing.
6:04
That type of outreach is done by marketing.
6:07
With gifting, you do have a little bit of the sales rep that can control that,
6:13
which is really exciting to keep you doing that.
6:15
In that personalized conversation-- or just it's called a conversation.
6:19
It's not even a personalized conversation.
6:21
Figuring out what that person likes, oh, their kid really likes X, Y, or Z.
6:28
I think I can remember if I told you this story.
6:30
The one of the most memorable gifts I ever got was my account rep at our bank.
6:37
We bank with Chase.
6:38
And he sent me, when we-- the birth of my son, they sent a little package
6:43
and it had a children's toy.
6:45
And that ended up being one of my son's favorite toys.
6:47
And he played with this thing for like a year.
6:50
And every single time, I thought of my guy at Chase, which again,
6:56
Chase, massive company, all sorts of infinite resources in certain ways.
7:01
And this guy made that decision in real time.
7:06
And it made a pretty big impact on me.
7:08
And that's the sort of stuff that, having the power there, but also, like you
7:13
said,
7:13
having the power on the marketing team to be able to look at the data, to look
7:17
at trends,
7:18
look at when to send it, those type of trigger moments in the sales process,
7:23
not just in the person's life process.
7:26
Yeah.
7:26
And then I think it's bleeding over, especially the last couple of years,
7:29
into the customer process and how customer marketers and customer success
7:36
and account management leaders are looking at how do they use gifting
7:41
during the whole customer lifecycle post sales, which I think is an interesting
7:45
use case,
7:45
because you're trying to build that rapport with those customers too.
7:50
Yeah, we were talking on an episode about customer storytelling
7:55
and how everybody always wants to tell the story at the peak of the excitement
8:02
phases of like, after one year, once you got ROI or like right after signing
8:07
the deals,
8:08
like why we bought and I'm like, I want day 58 of implementation when it's
8:13
horrible.
8:13
You know, when everyone hates it, they're not used to using the tool yet.
8:17
They're pissed that they have another tool, like, tell me those stories.
8:20
And like, that's when I want the gift to show up.
8:22
You know what I mean?
8:22
Like, I want it that day.
8:24
That's a really funny idea.
8:25
I think so.
8:28
Peak, peak unhappiness with new product, customer lifecycle.
8:32
That's the key there.
8:34
No, I totally agree.
8:35
And then I want to touch on something that you said sort of like ways to stand
8:37
out.
8:38
This is the part that I think far and away I love the most about, about gifting
8:44
from
8:45
a marketing perspective is, you know, there is no traffic on the extra mile.
8:49
It's one of the things we believe it casts me and that's why like the shows
8:52
that we
8:52
create are as different as we could possibly try to make them.
8:56
And sometimes that costs more money.
8:59
Sometimes, you know, it feels different, but like gifting is very much that way
9:03
where
9:03
it's like, there are tons of barriers to entry.
9:07
There's, and then even if you do it, you can do it really wrong.
9:11
So there's even more barriers to entry.
9:14
And that's why I think marketers should be investing in gifting.
9:18
It's like, it is such a way to stand out and it's such a way to win.
9:21
And because it's a little bit more expensive, your competitors might be
9:25
overlooking it.
9:26
Exactly.
9:27
It's still unsaturated and still untapped.
9:29
Yeah.
9:30
And like, I think that, and I'm curious to what you think here.
9:35
You've heard some outspoken, I think specifically like CIOs and CMOs over the
9:41
years post on LinkedIn
9:43
and be like, I don't need another blank.
9:47
I think that those are like the point one percent of people.
9:52
Yes.
9:53
Right.
9:54
So, you know, I think there's a lot of controversial decisions.
10:01
It's like, you know, people just like to create, you know, a frenzy on LinkedIn
10:08
just to, you
10:08
know, click bait, so to speak.
10:11
And I do think that there is a world where, you know, there's smarter gifting
10:15
with AI that's
10:16
going to reduce some of that.
10:18
But then there's also a lot of people that's, you know, if you get the right
10:22
gift to them,
10:23
you don't have to go to a donation to charity or another hundred bucks to
10:26
Amazon to buy
10:26
some stuff for the household.
10:28
So there's, you know, there's infinite reasons why there's more things that you
10:32
need.
10:33
And then I think it's also the gifting experience around it.
10:37
I think if you're doing, like you said, you could do this wrong.
10:40
And if you're just throwing over a Hail Mary gift, no follow-up, no
10:45
customization, like
10:47
it comes across maybe it fails to come across well.
10:50
But if you're thoughtful in what you send, thoughtful in the message,
10:53
thoughtful in your
10:53
pre and post follow-up, it can land well regardless of what you send.
10:58
Right.
10:59
You know, you give the bottle of booze to somebody who doesn't drink or, you
11:02
know, you give,
11:03
give the socks to somebody who will need more sandals, you know.
11:08
I send it, send the Patagonia to the person who lives in the desert, you know
11:13
what I mean?
11:13
Oh, I guess deserts get pretty cold.
11:16
So maybe that's still a good gift.
11:20
But about what to send, you know, I think one of the things that's probably
11:24
pretty exciting
11:24
for you of seeing, you know, getting all the data points of like all the things
11:27
that Alice
11:28
has been sending, all the things that you have been sending, you know,
11:30
combining those things
11:31
together, how do we get into like what really drives the needle for people?
11:37
Like, you know, you can imagine the Stanley Cup being something that's probably
11:43
extremely
11:43
hot right now.
11:45
Anything that's on sort of like the gift guide, you know, I mentioned something
11:47
like
11:47
the Theragon, you know, these type of potentially like slightly higher ticket
11:53
items that people
11:54
don't necessarily want to splurge on for themselves.
11:58
You know, how do you think about sort of like the trends and what to send to
12:03
really like
12:03
surprise and delight people?
12:05
Yeah, we look at it a couple of ways.
12:07
We look at what can we target the specific individual that like Chris likes
12:12
golf, has
12:13
a dog, has a baby likes tequila.
12:16
We have an interest graph of what Chris likes so we can send something very
12:19
specific to
12:20
him.
12:21
Or we can take it one step bigger and say, hey, a CEO in tech in the San
12:25
Francisco Bay
12:26
area who's, you know, mid 30s, what would he like?
12:32
And or we can take that even farther out too.
12:35
So there's different levels of personalization based on different data that
12:40
were privy to.
12:41
We also have like the ability to offer up like a choice experience where you
12:45
can trade in.
12:47
And that also really helps our algorithms and our data sets too because we can
12:52
let the
12:52
end user select what they want.
12:54
And then it gives us what are the other things they don't want.
12:57
So there's some really interesting ways to help get the person the right thing.
13:02
There's also, you know, not always a personal gift is the best thing to send to
13:07
Yeah.
13:08
It would be something more like branded swag that, you know, you have an
13:13
affinity towards
13:14
the company or you've been a long time customer.
13:17
You just renewed for the third time.
13:18
And I don't, you know, maybe it's not sending just a random bottle to kilo, but
13:22
it's sending
13:23
some really cool new hat.
13:26
And so there's some different areas where actually it doesn't always need to be
13:30
personal.
13:32
There's also reasons to send, you know, someone's browsing a blog post on your
13:37
website or listen
13:38
to a podcast.
13:39
Maybe you either send them like a really high end printed version of that or
13:42
maybe you send
13:43
them like some, some air pods with, you know, with some note around, hey,
13:48
listen to more
13:49
of our podcasts.
13:51
Here's a, and so you can really tie it into where that buyer or customer is in
13:55
their,
13:56
in their journey.
13:57
You can tie it into intent data that you're seeing and how they're interacting
14:00
with your
14:01
brand, you can tie it into, you know, time of year or sports teams or other aff
14:07
inities,
14:08
things that are happening live in real time and current events.
14:11
I think the beauty of it is it's just endless creativity.
14:16
And for marketers, creativity can be a secret weapon.
14:19
If you're good at it and, you know, we're kind of like a creativity platform in
14:25
itself.
14:25
Yeah, I love that.
14:28
And I love that you can help with the creativity piece, right?
14:31
Yes.
14:32
It's like, I think a lot of people, you know, struggle for that.
14:36
And I think that a lot of people struggle because, you know, it's, it's, you
14:41
know, indecision
14:42
by, by too many decisions, right?
14:44
It's like, well, how am I going to send something that's, that's personalizing
14:48
cool.
14:49
You know, you always hear of the, the quarterback who buys their entire
14:54
offensive line, you
14:56
know, like go karts or something like that, or, you know, uh, now the idea that
15:03
they all
15:03
have it is exciting, right?
15:05
It's like, that's part of the part of the joy of it is like, did the
15:09
quarterback pull
15:10
each of them be like, do you want to go kart?
15:12
You know, they're like, yeah, this is something that they thought is cool.
15:16
You know, to say thank you or whatever.
15:18
I think that there needs to be a little bit more of that in terms of gifting
15:22
where it's
15:22
like giving someone like an entire team or something like that, something that
15:27
's, uh,
15:28
you all get one or it's all sort of a shared experience.
15:31
I think that there's, there's a lot of value there.
15:33
I don't know if you've ever seen, you know, stuff like that or anything that
15:36
shows you.
15:37
There's, we definitely see more group gifting.
15:40
Um, that, uh, that was really popular too when people were back in the office
15:44
because it was
15:44
really easy to say, Hey, the buying, there's, you know, eight people in the
15:47
buying community,
15:48
or, you know, half of them are in this office, half of them are in this office,
15:50
let's send
15:51
them something.
15:53
We also see like shareables like sending cupcakes can be good.
15:57
We've even seen some customers use some creativity where if you want to send a
16:00
group gift, you
16:00
send one person like a locked box and the other person like the key to get in
16:04
and then
16:04
inside the box is like the gifts that they can share.
16:07
Um, so that's a really, some really interesting ways.
16:11
And then experiences too, is another area that you can use our platform on and
16:15
you can,
16:15
you know, have a whiskey tasting experience, send everyone through our platform
16:19
some whiskey
16:20
or some custom whiskey glasses.
16:22
And then there's a team of eight that are all kind of chit chatting around like
16:26
a kind
16:26
of a virtual experience.
16:28
And there's, you know, hundreds or thousands of these experiences that we've,
16:32
uh, we can
16:33
offer up and that's, uh, can be a good supplement and complimentary to like a
16:38
field event where
16:39
you want to, uh, maybe you don't want to go in the field, but you want to host
16:42
these more
16:42
frequently with a couple of customers or, you know, if you have a vibrant
16:46
community or
16:47
advocacy group or even if it's just a larger buying committee and you just don
16:51
't, instead
16:51
of doing a, you know, another demo, it's like, Hey, let's introduce a more
16:57
interesting experience
16:59
to this, uh, that'll be memorable and win over the buying committee.
17:03
Yeah.
17:04
I mean, I love the adage that your, your, your buying process is your brand,
17:09
right?
17:09
Yes.
17:10
That's, that's, quotes, gold.
17:12
Yeah.
17:13
No, I, I think about it all the time.
17:14
I mean, it's like how they're buying your product is and really, you know, your
17:17
whole
17:18
customer journey, but like, uh, you know, if your implementation sucks, then,
17:22
then,
17:22
you know, that's not great, but, uh, but you know, the, the, as soon as the
17:27
sales are up
17:27
closes the deal and they're like, see you later, you know, that's not great,
17:30
but, um,
17:30
but I really feel like that that buying process is that way.
17:33
And I think that gifting just shows that people care, like they show that they
17:37
're trying
17:37
to win your business that shows that, that you do matter to them outside of,
17:43
you know,
17:43
this other stuff.
17:44
And like you're using the corporate budget to support them personally.
17:48
Like I think that like buying technology is incredibly personal.
17:52
You know, you hear lots of people talk about it's, you know, human to human
17:55
selling.
17:56
And it's super true.
17:57
Yeah.
17:58
It's like at the end of the day, people.
17:59
Yeah.
18:00
And the person staking their career on this purchase, it's not their entire
18:02
career on the
18:03
purchase of a software, but it is like a percentage, right?
18:06
It is like a 3% chance.
18:08
And if they screw up, you know, 20, 20 software purchases, um, you know, for 3%
18:15
then they
18:15
might get fired, you know, but if they only buy four in the course of a year,
18:19
like it
18:19
could be a big, you know, impact if, if they don't do it.
18:22
Now I, I had, I had someone who is, uh, we're working on a podcast together.
18:27
And he was like, if this doesn't go well, I'm not getting fired, but like also
18:34
it is
18:35
pretty high profile, you know, and I think that that's like one of the things
18:39
that I
18:40
think we just forget about.
18:41
And so sending someone a gift, like, Hey, thank you for, you know, sticking
18:45
with me
18:46
to this process and like being a champion and, and trying to convince everyone
18:50
else,
18:50
say your company that you, that you should buy this stuff.
18:52
I think it's a worthwhile pursuit.
18:54
Totally.
18:55
And I loved your quote of your buying process as your brand.
18:58
Like, and that's a way to differentiate, uh, in a competitive market where
19:03
there's similar
19:04
looking solutions or similar looking software, the buying process can make or
19:08
break it.
19:09
So.
19:10
Yeah.
19:11
And, and I think too, that it's really exciting about all the AIPs.
19:15
And I think the other piece of this is sort of, you know, what we were talking
19:19
about with
19:19
the, the sales rep stuff, um, which is obviously there's all these tools for
19:25
listening now.
19:27
There's tools to pick up, you know, different things about people, uh, about,
19:31
you know, things
19:32
that, that mentioned in, in the conversation, uh, you know, whether or not they
19:36
have, you
19:37
know, a family or where they live or something that's, you know, these, these
19:40
little things
19:41
that the data can pick up in those type of conversations and they can, you know
19:45
, link
19:46
into something that raised the fight.
19:48
So like, Hey, you know, they mentioned that it was really cold on three calls
19:52
because
19:52
they live somewhere cold, like maybe we should send them a hat, you know, or
19:56
whatever.
19:57
Like that's where I think, um, blending those tools together and those types of
20:01
integrations
20:02
of the different technologies for, for go to market, I think, start to get
20:05
pretty exciting
20:06
from, for large scale teams.
20:08
Yeah.
20:09
I mean, like again, it shows that you listen and shows that you care shows that
20:12
you're
20:12
not just trying to have a transactional sale, but you know, they mentioned
20:16
something to
20:17
personally or the, you know, they talked about a sports team.
20:20
They talked about a trip.
20:21
They're excited to go on.
20:22
They talked about something like that.
20:24
And that's relatable.
20:25
And then it's just another talking point for the next time you talk to them, uh
20:29
, where you
20:30
can bring up what you just sent them.
20:32
And it's just again, building rapport, building relationships, people buy from
20:36
people and,
20:37
uh, especially in a noisy competitive environment.
20:41
So where the heck does this stuff live in a marketing budget?
20:44
You know, we always talk about sort of, you know, your, your uncuttable budget
20:47
items and
20:48
yeah.
20:49
And this idea of like, where should this even live?
20:51
Are we someday going to have like a head of gifting that's on your, on your
20:54
marketing
20:55
team?
20:56
Like where, where should this, uh, be sitting?
20:59
And, you know, if it's in customer success, if it's in demand, Jen, if it's in
21:03
some of
21:03
these places, like, and if it's everywhere, you know, and even our HR teams,
21:06
you know,
21:07
obviously send stuff as well, uh, that kind of makes it pretty confusing that
21:11
nobody owns
21:11
it.
21:12
And then where do you put it in the budget?
21:13
Right.
21:14
Yeah.
21:15
We, uh, so we usually see, uh, a few different teams in marketing will own it.
21:20
Um, it could be field marketing and this is sometimes dependent on if field
21:24
marketing
21:25
is enabling sales reps, so they are going to own this kind of tool that crosses
21:30
the chasm
21:30
for marketing and the sales and vice versa.
21:33
Uh, we see demand, Jen, which, uh, in some cases will have like ABM roll into
21:38
them.
21:38
Um, and so then they will, uh, share the ownership.
21:42
Um, those are kind of the more common ones.
21:46
Uh, for some, uh, larger companies that we've seen, they have like campaign
21:51
teams that want
21:51
to own this, um, some companies will want to take a more data first approach
21:57
and a more
21:57
automation first approach in marketing ops owns it.
22:00
So, um, I think the good news is for us is we can, uh, we could find and sell
22:05
into a
22:06
variety of different personas.
22:09
Um, you know, it's just, it's not perfectly cookie cutter.
22:12
In some cases, sales won't still raise their hand and leave the charge and you
22:15
'll find
22:15
budget for it.
22:17
Like you said, CX and HR, but, um, yeah, there's usually a few people in
22:20
marketing that
22:21
are, uh, that are usually doing something like this either manually or have
22:25
tested something
22:26
manually and want to scale it out.
22:29
So, um, you know, it's, I'd say it's not like we're like the brand newest thing
22:35
that
22:35
they've never heard of.
22:36
It's like they know this works or they've tried it before, they want to try it
22:39
more and
22:40
they just need to scale it out.
22:41
They need to use software to be more effective.
22:44
They need to use software to track it better.
22:46
They want to use access to our global marketplace for, for a reduced effort for
22:50
shipping or
22:51
reduced costs for kind of our economies of scale.
22:54
So, uh, yeah, I think that bodes well for us to be able to kind of do a lot of
22:59
good discovery
23:00
within which teams are really feeling the pain.
23:03
Yeah.
23:04
Yeah.
23:05
I think that that's one of the things that's pretty challenging about gifting
23:08
is it's
23:09
not clear, you know, what percentage of your budget, your marketing budget
23:13
should be gifting.
23:14
Right.
23:15
And it's like, if it were to just say, Hey, we're going to have it live in, in
23:18
marketing.
23:20
And maybe, you know, it's executed by sales, but it's like, you know, a
23:23
marketing budget
23:24
line item or, you know, however you want to do it.
23:27
It's like, you know, whatever, 2% of your marketing budget needs to go towards
23:31
gifting.
23:31
And then you can be creative in how you do that.
23:33
Like, you know, maybe you send, you know, one big gift, you know, to your, to
23:37
your top,
23:38
you know, 50 key accounts, or maybe it's something smaller to, you know, your
23:42
top 500
23:43
or whatever your sort of strategy is, um, that sort of nest into your, your
23:47
existing marketing
23:48
strategy. But it seems like that that would make sense, uh, to be able to have
23:52
something
23:53
like a little bit more rigid to say, like, Hey, this is like part of our go to
23:57
market.
23:58
You know, that we want to, we want to lead with this type of an initiative or
24:04
follow up
24:05
with this type of initiative or have it sit in a very specific part of our, you
24:09
know,
24:10
of our playbook.
24:11
Yeah.
24:12
You're used to your thoughts.
24:13
We do see, uh, we do see some companies have gifting, uh, budgets, line items.
24:17
Some have had have direct mail and we kind of fall under this direct mail
24:21
budget, which
24:21
has been, you know, around forever and people know what direct mail is.
24:26
So oftentimes there's a line item for direct mail, um, or they're creating, you
24:30
know,
24:30
new line items and, and, um, I think that's also helpful.
24:34
And then one of the recent trends we're seeing actually is kind of existing, uh
24:39
, kind of
24:39
legacy channels like a, uh, you know, someone's running ads and they want to,
24:44
uh, like digital
24:45
ads and, and they want to put a, you know, a Yeti mug in their ad to entice the
24:50
, the
24:50
click or the, uh, the view.
24:53
Um, and so we're seeing that within ads, within, uh, content, uh, incentives.
25:00
So download this white paper or case study and we'll send you a $25 Starbucks
25:05
card, attend
25:05
this webinar and get this.
25:08
So it's actually like, uh, existing field and webinar channels, existing ad, uh
25:13
, channels,
25:14
existing content channels are all able to say, Hey, we can drive better results
25:19
We can drive more conversions if we use gifting, uh, incentives or, or gifting,
25:25
um, kind of
25:26
thank yous.
25:27
Um, and so we're seeing that's the sprinkled across different marketing teams.
25:31
Yeah.
25:32
And this is why I think it's so complex and like where there's complexity,
25:35
there's opportunity
25:36
for marketers because it's like to me and obviously there's completely
25:40
different place,
25:42
right?
25:43
I think doing $100 demos, which, you know, we had, uh, Jason, what a, uh, like
25:47
a year
25:48
ago on the podcast talking about how they ran a really sophisticated demo, uh,
25:52
you know,
25:53
pay demo strategy that worked really well.
25:55
Um, that's like one part of like quote unquote gifting, right?
25:59
And then, you know, sending someone a plant that sits on their desk is like a
26:04
completely
26:04
other tactic within the same sort of, you know, overall strategy, which should
26:09
probably nest
26:10
into an overall strategy, which is like, Hey, we want to get a meaningful touch
26:14
on every
26:14
single prospect that's in pipeline, you know, within a, uh, every month within
26:19
a year or
26:20
what, you know, whatever it is.
26:21
Um, but they're so different, right?
26:24
Yeah.
26:25
And I think that's where like why we've seen such a rapid rise and success over
26:29
the last
26:30
like eight years is that software can really help kind of, uh, manage all of
26:36
those kind
26:36
of coexisting campaigns so that you can track back to your CRM or your
26:41
marketing animation
26:42
tools, all the different campaigns that we touch or that gifting touches.
26:46
You can also have different funding sources and different budget line items and
26:50
even tying
26:50
back to different POs for some of these different sends.
26:54
And so there's a lot of complexity in the, the budgeting, the funding, the
26:58
reporting on
26:59
all of that so that you don't just have this like, you know, one pool of money
27:04
that says,
27:04
Hey, this is our gift budget, but then it's actually like, well, it's
27:07
influencing all
27:07
these other channels.
27:08
So we want to track it all separately and they all have separate budgets.
27:12
So how do we, you know, intertwine, but not intermingle and commingle these
27:16
funds?
27:17
So I think, uh, it's where like doing it on your own without software becomes
27:21
an I-Mare.
27:22
It really is an I-Mare.
27:24
And then the pool of monies, the, uh, you're not comparing apples to apples,
27:28
right?
27:28
Exactly.
27:29
Which is the hard part.
27:30
And then you're like, well, what did we spend all this money on swag for?
27:34
And you're like, you know, oh, actually all the swag that we sent was, you know
27:39
, we gave
27:39
people T-shirts, which like have our logo on them to people who wanted to do
27:43
demos of
27:44
our product.
27:45
Like, that's a net positive in two ways because they're wearing our logo on
27:49
their stomach.
27:50
I think that's where we've been able to take over the swag industry by storm
27:53
too.
27:53
And that, you know, his legacy swag companies have really been this like one
27:58
budget, no
27:58
software.
27:59
They send you some shirts to your office.
28:03
Maybe they've sophisticated a little bit more and will send directly to the
28:06
customer or
28:06
the prospect.
28:07
But again, if it's not tied to individual campaigns that are tracked back to
28:14
real contacts and
28:15
accounts and opportunities, it really creates a problem for marketers that want
28:20
that need
28:21
attribution reporting and that need to show the efficacy of one versus the
28:24
other or do
28:25
A/B testing.
28:27
All that is like critical for marketers, especially in a world where budgets
28:31
are tightened.
28:32
So you don't have unlimited budget.
28:33
You got to say, I only got, you know, eight million bucks a year to spend.
28:37
Where am I going to put it?
28:38
And how did it work last year so that I could invest in channels and strategies
28:42
that work
28:42
better?
28:43
So, you know, I only invest in marketing that is remarkable.
28:49
This is sort of like my personal marketing philosophy.
28:51
I like that.
28:52
So it's like you, you have to be a, it has to spur a conversation of some kind.
28:57
And the conversations that I get feedback on pretty, pretty commonly are like,
29:01
Hey, listen
29:01
your podcast.
29:02
I love it.
29:03
Hey, I read your newsletter and I love it.
29:04
Hey, I see you everywhere I'm linked in.
29:06
Hey, the shirt that you sent me, I wear all the time and it's the most comfy
29:10
shirt I've
29:11
ever worn.
29:12
Yeah.
29:13
All the time I hear that, which is great and fun.
29:17
But that piece of the swag thing, I think like somehow, somewhere along the way
29:22
, the
29:23
idea of sending people swag got like overdone or overblown or whatever to this
29:29
idea that
29:30
like it wasn't a good idea.
29:32
And every single time it makes me crack up because I'm like, this is someone
29:36
who is,
29:37
if they are a prospect that is actually wearing your gear, what do you think
29:41
the percentage
29:41
chance if they wear, you know, that shirt once every two weeks that they're
29:45
going to
29:46
buy your software someday?
29:47
I mean, like, could I get the date on that, you know?
29:51
Yeah.
29:52
Or if it's going to influence the people in their community, going out to
29:55
dinner, going
29:56
out to lunch, going to grab beers and you wear a hat or a jacket or a beanie.
30:01
If it's cold and you're going to a lodge and skiing, there's so much extra
30:08
value that
30:09
is impossible to quantify, but is intrinsic and known.
30:14
I kind of related in some cases to field marketing where, you know, I think
30:18
sometimes
30:18
field events get bad wraps because you're like, okay, I've tracked some of the
30:21
leads,
30:22
but I know more people saw our booth.
30:23
I know we had conversations that didn't get like logged in some system, but
30:28
there's just
30:29
ancillary benefits from showing up at events at times.
30:33
And I think that's a, you know, gifting swag can have that effect where it's,
30:41
you know,
30:42
there's more benefits than the direct attribution.
30:45
100% and like, you know, 13 impressions still equal sale, right?
30:51
And the quality of an impression when someone goes, hey, what's that shirt?
30:54
And you're like, oh, this, this vendor send it to me.
30:57
It's, you know, like, it's just really comfy shirt.
31:01
And they're like, oh, that's like, what do they do?
31:04
And then all of a sudden your prospect is explaining what your company does,
31:07
you know,
31:07
to another person, like how valuable is that?
31:09
I just think that there's so much opportunity in those sort of things because
31:12
there's like
31:13
outsized results.
31:14
Like when you pay $70 for a lead because you have been running a pay campaign
31:20
and you
31:21
got X amount of impressions and, you know, X amount of clicks and, you know,
31:24
whatever
31:24
and somebody raises their hand or whatever your numbers are.
31:30
And that's great.
31:33
But then it's that it stops working, you know, forever and always, right?
31:36
Like there's there's no way that that thing can grow.
31:39
Whereas when you give someone a gift and it creates a story that that story
31:44
will live
31:45
on in some form of format and it like might be one time that they tell one
31:50
person, but
31:51
it might be something where they tell people, you know, 20 times I had a sales
31:55
force, Patagonia,
31:58
like quarter zip that I must have wore like a thousand times, you know, like, I
32:03
'm like,
32:04
well, the other trend we see in swag, which I think is gives you even more long
32:10
lasting
32:10
longevity to is where you come up with, you know, more kind of creative, you
32:20
know, not
32:20
just your logo centered on the shirt, but, you know, like New Relic, like a
32:24
data nerd
32:24
shirt, like you like, you know, there was a lot of people, tens of thousands of
32:27
people
32:27
that just wanted the data nurtured and the logos on the sleeve.
32:30
But you know, the main shirt was like something you'd probably go and buy that
32:33
if you were,
32:34
you know, going to go shopping, you know, at the mall.
32:37
Or I think a lot of brands and a lot of companies have cool logos or mascots,
32:42
you know, like
32:43
yours, you know, you throw that on a shirt and that could actually be like
32:49
something you
32:50
go buy at a store.
32:52
So I think there's an opportunity for marketers to continue with creativity.
32:56
And this is one of the things we push from our campaign services team is you
32:59
don't just
32:59
have to like upload your logo and throw it on the center of the item, but maybe
33:04
you want
33:05
to create a brand or a new like line of, you know, a new line of clothing or a
33:11
new logo
33:11
that matches your logo, but in a different format.
33:14
And there's a lot of creativity that can go into that to provide longevity too.
33:20
So I did this back in the day, I was going to speak at a conference and I
33:26
wanted to make
33:27
shirts for our podcast.
33:31
And so I made a shirt that had, I just designed it on camp, I think, but it had
33:40
a kip from
33:41
Napoleon Dynamite.
33:43
And it said, you know, yeah, they downloaded my white paper.
33:47
We're getting pretty serious.
33:49
And I must have had 50 people that were like, can you tell me where to buy that
33:53
shirt?
33:54
And I was like, oh, it's not for sale.
33:56
I just made it for this event because I'm speaking at this event.
34:00
And like it was one of those like moments.
34:03
I'm like, why do I not have a store on our site that just sells this, you know?
34:08
Yeah.
34:09
Why not have it's like, why not have fun with your brand and fun with your,
34:12
your engaging
34:13
the ways that you're engaging with your prospects and customers?
34:16
Because you don't need to just run this boring playbook of, you know, boring
34:20
gift or a boring
34:21
logo.
34:22
And, you know, I think that's a perfect example of, of, you know, having fun
34:27
with it and creating
34:28
much more appeal and much more demand and much more awareness.
34:32
Yeah.
34:33
I had another one that, and I think it's important to tell all these stories on
34:37
, especially on
34:38
this podcast, but because they are memorable and like, I think I obsess about
34:42
this stuff
34:43
all the time.
34:44
So I think about it all the time, but we had, I went to an executive event with
34:47
the good
34:47
people at Pro-Core.
34:49
And one of the things that they sent was a letter board.
34:51
I've told this story before, but they sent a letter board and we had just found
34:56
out,
34:57
you know, that my wife was pregnant and it was during COVID and like we were,
35:02
we were,
35:03
you know, going to go buy a letter board so you can do all the, you know, fun
35:07
stuff when
35:07
you can just one month or, you know, all those things.
35:10
And we had this Pro-Core one.
35:12
So that was the one that we used for my son for the first like, year of his
35:14
birth is this
35:17
little Pro-Core, you know, letter board that literally had their logo on it.
35:20
And so, yeah, it's just, again, it's like they, how many people use that little
35:26
letter
35:26
board that they sent out?
35:28
Like, I might have been the only one, you know, but it made a difference on me.
35:32
And, and, and that's like, yes, there's waste and yes, there's other stuff and
35:36
obviously
35:36
you want to limit waste as much as you can.
35:38
But, but that was something really cool and special and like made a difference
35:42
for me,
35:43
like in my actual life and that's where gifting, I think, is at its best.
35:48
And it's serendipitous, right?
35:50
Like they didn't know, but like that's the thing.
35:53
Everything in marketing doesn't have to be, I intend it to be to do blank and
35:58
it has to
35:58
do that thing.
35:59
It's like, that's why events are great is because of serendipity.
36:01
It's like, I just ran into Chris.
36:03
I haven't seen him in years or I've never actually met him in person, but he's
36:06
been
36:06
on my podcast.
36:07
Like that's the sort of stuff that I think, you know, with that combined with
36:11
good marketing,
36:12
and I have like, outsized results.
36:14
100%.
36:15
All right.
36:16
Before we get out of here, we'd love to talk uncuttable budget items.
36:21
Where are y'all spending your money these days?
36:25
What type of marketing are you investing in?
36:28
Yeah.
36:29
So I think the, if I pick, where to pick a few, one is content is huge for us.
36:35
Thought leadership, I guess that boils into SEO, but just content is an uncut
36:40
table budget
36:41
item.
36:42
It's kind of our growth, our outbound growth operations motion, which I would
36:46
say is like
36:47
our evolved SDR function.
36:50
That is uncuttable.
36:51
And then, you know, we've got to give some love for some does zone gifting.
36:57
Love it.
37:00
Anything that y'all send that's been extra fun or any things that you've pushed
37:04
your
37:04
team on that has been especially cool.
37:07
I mean, we've just doubled down on this smart send feature that we released
37:12
recently, where
37:13
you can plug in a prospects email or it will give you like highly personalized
37:19
things that
37:19
you can send them using some AI.
37:22
So I think it's kind of a catch all that, you know, using AI and tech to
37:27
personalize.
37:28
And then that really drives the wow factor forward.
37:32
I love it.
37:34
Chris, before we get out of here, we'll do our final segment.
37:37
Quick hits.
37:38
Okay.
37:39
Your quick questions, quick answers just like how quickly qualified helps
37:42
companies generate
37:44
pipeline, tap in your greatest ass at your website to identify your most
37:47
valuable visitors
37:48
and instantly start sales conversations.
37:51
You have two websites now.
37:53
What better way to start sales conversations than on two different websites
37:57
twice the power?
38:00
Go to qualified.com to learn more.
38:02
Quick hits, Chris.
38:03
Are you ready?
38:04
Let's do it.
38:05
Number one, what's a hidden talent or skill that's not on your resume?
38:09
I'm like an Upwork master.
38:10
I love using Upwork and I love finding freelancers.
38:13
And so I think I've spent like a million bucks on Upwork.
38:17
It's like my hack that I tried to tell everyone in my company to do too.
38:20
We have to.
38:21
I've done the same thing.
38:22
It's crazy building a digitally first company and like the tools that you can
38:27
use to build
38:28
a company now.
38:29
And it's like all these things that it's just, it's just remarkable.
38:33
We found just so many, so many talented people on Upwork that end up becoming
38:38
employees,
38:39
which is fun.
38:40
I love it.
38:41
Do you have a favorite book podcast or TV show that you recommend?
38:45
I love my first million podcast.
38:47
It's my favorite.
38:50
Favorite non-marketing hobby that indirectly makes you a better marketer.
38:54
I love playing with Legos.
38:56
I'm building Lego sets of creativity.
38:58
I think going back to that as a marketer, you need to be creative.
39:01
So I'll go with Legos for that one.
39:03
If you weren't in marketing or business at all, what do you think you'd be
39:06
doing?
39:06
I would be.
39:09
So I would, I love marketing.
39:10
I love starting companies.
39:11
I'd be starting another company.
39:14
What's your advice for a best advice for a first time CEO?
39:21
I would say be data obsessed.
39:26
And final question here.
39:28
Do you have anything to plug?
39:29
Obviously, we talked a lot about send us.
39:32
So today everybody can go to sendos.com to learn more.
39:36
Yeah, any final thoughts, anything to plug?
39:39
I would say, well, we have a newer free product.
39:42
So you can sign up and get sending today for free without a subscription.
39:46
So if you're an individual listening to this or you want to test out something,
39:50
you can
39:50
get the gifting today.
39:51
So you can go to our website and click sign up for free.
39:53
So I'd say check that out.
39:55
And then the other thing is follow me on LinkedIn.
39:57
I'd be on LinkedIn and would love to connect and would love to have you read
40:02
more content
40:03
that I'm sharing.
40:04
Which by the way, I buried the lead here.
40:06
Casping sign up for the free product as soon as it came out and started using
40:10
it and it's
40:10
awesome.
40:11
So yeah, I highly recommend to go do that.
40:14
We sent some maternity gifts, send some meals to expecting mothers because
40:21
goodness gracious
40:23
that time you need as many as many meals as you could possibly get that you don
40:26
't have
40:27
to make.
40:28
Oh yeah.
40:29
Chris, wonderful having you on the show.
40:31
Great to finally chat long form on this after our short little snippet on
40:35
Pipeline Summit.
40:38
It's been great, you know, following along huge fans of Sendoso and congrats on
40:42
the outside
40:42
acquisition and everyone will be following along and try to fit gifting into
40:53
our budgets
40:54
if it's not already.
40:56
(drum beating)