Today’s CMO is under crazy pressure. Join all-star panelists as they spill their strategies for surviving and thriving in the current climate.
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>> Hi, everyone, and welcome to today's segment,
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the Modern CMO's Survival Guide.
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I'm Mora Rivera, I'm the CMO here at Qualified,
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and I am so excited for our panel discussion that we're going to have today.
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We have a total all-star lineup.
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We have Sarah Franklin,
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who's the President and CMO of Salesforce,
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the Cloud Computing Powerhouse.
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We have Scott Holden, who's the CMO of ThoughtSpot,
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the Modern Analytics Platform,
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and we have Sarah Varney.
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She's the CMO of attentive,
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they are a leader in mobile marketing, former CMO of Twilio.
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We have such a rock star lineup in all of these folks I've had
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the pleasure of working with throughout my career.
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Today, we're going to be talking about all things pipeline generation,
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and we're also just going to pick each other's brains
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about what's on their minds as CMOs as we wrap up 2022,
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and we go into 2023.
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It's going to be a great session.
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>> Thanks for having us. It's exciting to be here with everyone.
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Good friends here.
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>> Good friends. Lots of history in this room,
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which is super, super fun.
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I think to start us off, Scott,
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I want to start with you.
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Craig referenced in his opening segment,
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something that you said that's really stuck with him,
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which is as a CMO,
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if you're not hitting your pipe gen targets,
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nothing else matters.
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You can't do any of the fun stuff.
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All of that is put on hold if you're not hitting your pipeline targets.
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I would love to start with you and just here,
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where does pipeline generation sit on your priority list right now,
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and has it changed on your priority list
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as we wrap up 2022?
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>> Well, thanks for having me,
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Mara, and it's great that you got this old band back together.
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Excited to be here with the two Sarah's.
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Well, I've said this before,
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but for me, pipeline is always number one,
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and nothing ever takes over that number one position.
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I often tell people that my CEO only calls me for two things.
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It's pipeline and story, which is more of our brand narrative.
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But really, the only time you ever calls me in a panic state is over pipeline.
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And the way I look at it,
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if he's calling me about this quarter's pipeline,
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I'm in trouble.
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It means that something's already gone wrong.
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Because as we all know as marketers,
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it's not like you can fix your open pipeline problems for this quarter
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more often than not.
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It's something you got to be ahead of.
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And so that's the thing that always keeps me up at night.
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And it's a critical thing to think about,
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and maybe we can get into it here.
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But I always think of pipeline in two ways.
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One is the creation engine.
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It's you're always feeding and keeping track of.
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And the second is pipe maturation.
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So ideally, if you're always creating a steady clip,
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you back into what your teams need.
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That once the quarter begins,
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the open pipeline management, if you will,
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comes down to sales execution.
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And so if you have those two things figured out in advance,
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usually it goes pretty well.
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But as we all know, it's trying times right now,
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and so everybody's probably getting a little extra pressure
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on their pipeline at the moment.
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- Definitely.
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And I'm curious this past quarter,
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if there's more of a stress or focus on that pipeline maturation piece.
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Like for us, we've talked a lot about window shoppers
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when it comes to pipeline generation.
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And buyers are still out there.
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They're still checking out your software.
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But they might not be as ready to kind of progress through a sales cycle.
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Have you guys seen any trends in terms of needing to spend more time
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focusing on pipeline maturation than you have pipeline generation?
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In quarters past?
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- I'll jump in.
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I mean, I think for in my view,
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you always have to have a short and a long game when it comes to pipe gen.
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I think right now in the economic conditions,
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we're living under there is a desire just to focus on
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those short-term tactics that you know we're going to show up
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in your spreadsheet in two weeks.
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There's a real desire to make sure that everything that you're doing
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from our perspective shows instant ROI.
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And I think that works to a certain extent.
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You can go buy branded Google keywords all day long and show ROI.
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But that's not necessarily going to build a healthy long-term funnel.
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And so I always try to communicate with my stakeholders
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if that's my CFO, if it's my head of sales, if it's my CEO,
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that investing in both top of funnel as well,
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investing throughout the entire funnel honestly
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is going to create a healthier, more efficient funnel long-term
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and ultimately save your company money.
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And I think there's no better time than right now
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to be making sure that that argument is clear
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and to whatever extent you can back it up with metrics
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and real data, the better off you're going to be as a marketer.
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That's great, Sarah Varney.
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Oh yeah, go ahead Sarah Franklin.
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I was going to chime in and say,
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I of course agree with everything they both said.
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And just adding that right now,
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what we're seeing is that you just need more coverage.
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And so pipe gen is so critical.
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Pipe mat's very important.
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But we just, what we're seeing right now
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is you need to juice your coverage ratios
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because you need more pipeline
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when you're on certain budgets with your customers.
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Totally. Craig was talking about that in his segment.
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He was saying that 5X is the new 3X
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in terms of pipeline coverage that's needed.
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Sarah Franklin, I'm curious for you guys at Salesforce
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how you're thinking about pipeline generation.
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And I'm using your last name since we have,
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we were saying two Sarah's.
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And Sarah, Sarah's not.
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So we have a lot of S's in the room.
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But Sarah Franklin, I would love to hear
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you guys are such a mature organization, right?
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Salesforce is massive and all of us have worked there.
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That's where I got the pleasure of working with all three
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of you guys a long, long time ago.
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But in terms of being at such a massive company,
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have you guys pivoted your strategy a lot
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from a pipeline generation standpoint
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or how are you thinking about pipeline generation
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for such a big company and a small company?
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It's easier to turn off programs, turn on programs,
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pull levers, shift budget.
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But what's it like leading the marketing
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at a massive organization that's going through change?
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Is a great question.
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It's really, when you say the word strategy,
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it's actually a strategy hasn't changed.
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The strategy is long term.
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And as Varney was saying, your strategy is balanced
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between top of funnel, bottom of funnel,
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and then your focus on which channels
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you're going to go through.
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And what you are looking at right now
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and what we're seeing is just how it can be more efficient.
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So we're really doubling down on our analytics right now
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and seeing what is performing super well.
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And as we mentioned, increasing the ratios.
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I love saying that 5X is the new 3X
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because you really need more coverage.
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And the strategy remains the same of we're working
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on building our first party data strategy
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and zero party data strategy so that we can get
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our customers and prospects to subscribe to our brand,
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to drive personalized engagement at scale.
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Nothing about that strategy has changed.
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Just the tactics may vary and we are looking more and more
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into analytics to be an AI, to help us do our best marketing
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and put the best tactics in market that work right now.
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And you combine that with relevant messaging.
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So there's the mechanics of your pipeline.
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But then just also, I'm literally going through all
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of our content and saying, what do we retire?
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What do we create?
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Because we've gone from this rapid change from a pandemic
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into now a rapid change with economic downturn.
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And so that means that you need to not just message growth
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but message about efficient growth
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to your customers and prospects.
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We'll go over click on that whole creation
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versus maturation topic because I think it's a fascinating one.
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And there's certainly a feeling out there
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that 5x is the new 3x.
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And in general, if you could snap your fingers
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and make that happen, why not?
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It's in this climate.
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It's definitely the thing that you should do.
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Come on, Holden.
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You got it.
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Snap right now.
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I have X pipeline.
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But it's interesting, right?
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Because ultimately, marketing contributes to pipeline.
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And so do your SDR team or your partner team.
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But ultimately, at the end of the day,
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it's like sellers that create pipeline.
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And one of the things that we're wrestling with,
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and I'm sure every company's wrestling with,
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is that if you're having your sellers
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have to work harder in this climate to close business.
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And then you turn on and say, well,
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I know you're working harder to close it.
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Why don't you work even harder to create even more?
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Because you know it's not going to work.
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Something has to give.
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And you think, Sarah, we're kind of focused on the--
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Sarah, Frankl, that is.
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We're focused on the same thing, which is some people,
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like if you're working some really big deals
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and things are going pretty well,
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distracting you from that to telling you to go create 5x
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coverage when you're likely to close and hit
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your target versus places where there are something
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that might not have later stage pipeline in the works.
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And they actually would benefit from having more top
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of funnel.
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The thing that we're seeing as we dig in
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is that we've got pockets of strength where we need more,
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and we've got pockets of--
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or we need less, and we have pockets of strength
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or weakness where we need more.
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And so it devils in the details a bit.
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And I'm spending a lot of my time
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trying to make those trade-offs right now,
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instead of just the blanket silver bullet.
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Everybody needs 5x.
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Yes, but where are we going to put that, can it?
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Yeah, I mean, I think--
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It's also--
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--as you can be with your spend right now.
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It's every dollar matters.
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And I also think making sure that you're fine-tuning
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every break point or-- every conversion point
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of your funnel to irk out as much efficiency as possible.
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Like speed the lead has never been more important.
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Follow-up has never been important.
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You don't want to leave a pipeline dollar
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on the table these days.
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And I think with-- even though that might seem small
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on the margins, my dog's excited about this too.
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If you can hear it in the background,
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even though it might seem small in the margins,
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that can add up to get you closer to what you
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need by the end of the quarter.
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Yeah, it's not like we're all getting bigger budgets
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in this climate to go get that fly back.
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Like what can we do right now to bend the curve with no new
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dollars?
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And that's what I'll ask.
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I mean, it's the one that's been put on us.
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I'm sure we're all getting that.
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But you've got to be smart about where you place those bets.
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Yeah, 100%.
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And I was going to ask the question.
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I think now is the time where we're all probably
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getting a lot of scrutiny from other stakeholders
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in the business.
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Scott, you talked about those calls from your CEO.
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I think right now we have CFOs, CEOs, people
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who used to kind of maybe--
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not saying CEOs would, but maybe CFOs paid less attention
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to marketing.
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Now they're our new best friend, whether we like it or not.
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I know I've been in a lot of meetings with our great finance
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team looking at the data, giving them justification,
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talking about ROI.
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How do you guys think about creating trust
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with those counterparts and kind of helping educate
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and get buy-in from teams who might not
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be as familiar with marketing?
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Sarah Franklin, you had talked about analytics being really
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important right now and having single source of truth
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to kind of justify your investments.
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But how do you create trust with those partners,
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especially for things that might not have that short term
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return?
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Sarah Barney that you talked about,
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but it's a longer investment in the company and the brand.
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How do you guys think about those relationships
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and building trust there?
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I can start and just say something
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which is very sales force and this crew will know,
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which is transparency builds trust.
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And we've created our heart of marketing,
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which is our deep analytics, which
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I have shared with the entire team and leadership team
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and distribution, marketing, et cetera.
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Anybody who wants to know how we're spending our money,
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where it's going, our budget is completely transparent
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and completely accountable to the return on those investments.
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And I think you build a trust through that one,
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that transparency.
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Two, you just show up with common sense.
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If something doesn't work, you admit it.
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And you say, yeah, I did this and didn't work.
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Or, yeah, I ran this event.
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Maybe it could be a little bit more cost efficient.
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And we don't need the live trees and the waterfall.
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As much as we love the live trees and the waterfall.
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Those.
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[LAUGHTER]
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I did mainly add that those sales force events.
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Right.
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No, but then when you say that, you say, hey,
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we could take away the waterfall,
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then hold in exactly that emotion comes out.
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People say, no, no, no.
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I don't want to lose the waterfall,
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or I don't want to lose the stuffies.
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But you can really just show up yourself as a real person.
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And don't get defensive.
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It's a fair question to ask when somebody says,
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is this effective to spend?
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It's your money just as much as their money.
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And it's fair.
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So when you lean into the logic of it,
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now the emotion, you let the analytics guide you.
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And then you bring them in the fold a little bit.
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And you get them close to it.
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They get attached.
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The other thing is--
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and I've just been through this-- where candidly,
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we cut some stuff.
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And now it's two quarters later.
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And they're like, hey, where's that pipeline?
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You're like, well, see this negative sign?
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That's what you see.
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When you cut that money, that pipeline goes down.
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And they're like, oh, we don't want to do that.
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So sometimes you have to roll with it.
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And that would be my advice.
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I was going to say very similar things.
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I think it's easy to take things personally in this environment.
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I think you have to quickly put your shareholder hat on
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and say, what is the best thing for the company?
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We all have efficiency that we can gain in our business.
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And I think that even though it's trying times,
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we're going to come out of it stronger and better marketers.
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But I also think it's really being clear on what's above the line,
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what's the below line, what are the trade-offs if we don't fund X,
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Y, and Z.
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Unfortunately, palm trees and stuffies aren't
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the below lines for me right now.
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But I think just being hyper clear,
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like, hey, if we cut that budget,
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we might not be able to deliver the number of leads
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that we were thinking in for our lower segments.
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And if we don't do that, sales is
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going to have to make up that gap.
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And just I think being really clear on what those trade-offs are
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and saying, be very neutral about it.
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As a shareholder, these I am concerned that we're not
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going to hit our target in X. I think
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you're going to get a way better response than being
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like, why is marketing always get the short end of the stick?
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And why are we just constantly moving stuff to sales
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or whatever the dynamic is at your company?
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I think if you can be calm and measured about it
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and very practical with numbers and say, hey, this
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is what we'll get for this spend and this is what we won't,
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you're going to have--
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to Sarah's point, you're going to build more trust
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with those stakeholders over time.
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Yeah, and I think it's kind of simple, right?
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It goes back to communication.
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It goes back to being data-driven.
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Sarah Verney, I was curious about you guys,
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because attentive, you guys are blowing up right now.
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I've seen you guys make all these big brand plays,
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big billboards on the 101.
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You just had a huge conference.
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Was it your thread conference?
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How are you thinking about those big investments?
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Because you guys have burst onto the scene.
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And it isn't a natural time to want to pull back
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once you have this momentum.
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So how are you guys thinking about it at attentive?
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Well, I think we're going back to these good bets.
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Being really mindful about where you're placing those bets.
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When we went and bought, went through the process
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of buying our out-of-home placements,
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we went and went super pop culture,
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touristy, center of the world type stuff.
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Like, right in the middle of Times Square.
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And we had a bunch of salespeople take pictures with it
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and share it all on their social networks.
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Like, we didn't go and spray and pray
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a bunch of different places.
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Or we went close to events where we knew a lot of our audience
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was already going to be, and they were likely to go
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and share the content.
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So I think it's-- I still believe you definitely
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will always want to have that short and long game.
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And you just have to figure out how can I--
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those ratios might change a little bit right now
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in this environment when you really have to put your dollars
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to work.
16:36
But I think with the remaining budget
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that you have to still think about how to invest in brand
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and think about how to invest in those long-term tactics,
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you just want to be really smart with how you can make those
16:46
dollars go as far as possible.
16:49
I mean, I always think that there's a--
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people think that there's pipeline generating activities
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and then non-type line or brand.
16:56
I think of it as all connected.
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I mean, everything we do, especially in B2B marketing,
17:00
is in the service of pipeline.
17:03
Even the brand things that we do.
17:04
Even the palm trees and the music and dream force,
17:07
I mean, it all matters.
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And people are like, we all buy with emotion.
17:11
That doesn't matter.
17:12
They ultimately do feed pipeline at the end of the day.
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The challenge, I think, for us as marketers
17:17
is that we're in this world of art and science.
17:20
And the science part of marketing is really complicated.
17:23
I mean, it's hard to explain all the nuance of what we do
17:28
to people that aren't in the trenches with us every day.
17:30
And I think one of the things marketers claim
17:33
to be great storytellers, we have
17:34
to be great storytellers and educators inside the company
17:36
about how marketing works.
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And so I invest a lot of time to try and explain
17:42
whatever programs that you're doing,
17:44
already you mentioned segments like understanding
17:46
the different segments behaving different ways,
17:48
different marketing channels behaving different ways.
17:51
All of that stuff matters when you're showing up
17:53
to your CFO hat in hand.
17:54
If they understand the mechanics of what we do,
17:58
they're much more likely to greenlight that initiative
18:00
or that budget for that new program.
18:03
- That's great.
18:05
I think you guys all have the shared sentiment
18:07
of like bring them along for the ride,
18:09
bring them into the journey, create a partnership
18:11
so that it feels like they're kind of bought
18:14
into what you're doing.
18:15
Scott, I'd love to ask you the same question,
18:17
thought spot, you guys are one of the most modern brands.
18:21
You're a brand I look to all the time for your website,
18:23
for your videos, for your conferences,
18:25
your beyond conferences in the spring.
18:27
How are you kind of looking at priorities for 2023?
18:31
Are you toning down everything from a brand perspective?
18:34
Are you keeping it full throttle,
18:35
knowing that it creates this halo for pipeline generation?
18:38
- Well, even if I try to turn it down,
18:40
I think our creative team and our brand team
18:42
would always be trying to dial it up.
18:43
It's funny when folks have passion around something,
18:47
you can't hold them back to some degree,
18:49
but I'm in a thought spot as an analytics platform.
18:54
We're in a hyper-competitive space,
18:56
actually, Sarah Franklin and I compete
18:58
with one of her many products on this dimension.
19:01
- Friendly competition, it's good.
19:03
- But it couldn't be more important time for analytics.
19:05
And so even though the macro climate is not great right now,
19:09
analytics, people need it even when they're going down,
19:12
they need to study those numbers
19:13
just as much as when they're going up.
19:15
And so we haven't really seen any major impact there.
19:19
I think people are making your work a little harder
19:21
to justify spend, but that's generally good practice anyway.
19:26
So in terms of where we're focused,
19:29
I think for us, it's less about the macro conditions
19:32
and more about, we've historically,
19:36
and you know this more, you've been following us for a while,
19:38
like we sold to generally the Fortune 500,
19:40
the Global 2000, like really big companies.
19:43
And recently we just started selling
19:44
to basically everybody, we've launched a $99 a month product.
19:48
And so I am really focused on that whole segment worldview
19:52
and what worked in terms of big ABM tactics
19:54
for the Coca-Cola's and the apples of the world
19:58
are not necessarily going to work
19:59
for the 10 person startup down the street.
20:01
And those tactics and how we allocate dollars to them,
20:05
like that's actually the conversation I'm having
20:07
with our CFO right now, because as you ramp
20:09
new businesses, new segments, the mechanics are different
20:12
and everybody needs to understand how those mechanics vary.
20:14
So that's where I'm spending a lot of my time
20:18
deep in data justifying those investments by segment.
20:21
- I would just add on to that,
20:24
- Oh yeah, go ahead. - We're going to go quickly
20:25
on analytics where we tend to focus
20:28
on the marketing tactic analytics.
20:32
There's a lot more analytics as well
20:34
or just around your organization,
20:36
which are so important to pay attention to
20:39
in terms of what people are doing,
20:42
where they're investing their time.
20:44
And there's a lot better ways now to look at that.
20:47
And the percentage of your budget between program,
20:51
head count, what you're spending on, what you've augmented,
20:55
head count with contractors and things like that.
20:58
And that's another thing, which as a CMO,
21:02
you have to have a really strong understanding
21:06
of the business that you're running in your team
21:09
so that you can have that strategic conversation
21:11
of where you need to be growing and investing
21:13
and what asks you're asking for,
21:15
if you really need head count or if you really need program
21:19
and how to balance that through the year
21:22
so that you can also work with your finance business partner
21:27
to not just be given a bunch of money at one point in time
21:31
and then have to just go big on some paid media
21:34
or something at the end of a quarter,
21:37
but really so you can balance those things out.
21:40
So there's a lot of strategy in your budget planning
21:42
and your workforce analytics.
21:44
So you need to not just look at like how well
21:46
your marketing is doing.
21:48
You really need to look at how well you're performing
21:51
as a marketing organization.
21:53
- I think that's a great segue to my next question,
21:56
which is thinking about your marketing organizations
21:59
and your teams.
22:00
You guys all have big teams
22:02
and this has been a trying year to lead teams.
22:07
How have you guys kind of taken your teams
22:10
through these shaky times, your internal marketing teams?
22:13
And how do you think about leading with optimism
22:16
and getting them excited for next year?
22:18
We talk about the fact that for a lot of people
22:20
in the workforce, this is their first downturn
22:23
they've experienced.
22:25
So how do you guys think about leading as a CMO
22:27
and keeping your team motivated
22:29
as the world around us has changed a lot this year?
22:31
- I'll take it.
22:35
- Okay, you guys got?
22:38
- Well, I mean, we're in this climate
22:40
of doing more with less and that's a tough time to be a leader
22:44
and we all find ourselves going from pandemic leadership,
22:48
which for me personally was the hardest thing I've ever done.
22:51
Trying to lead teams remotely.
22:53
We changed a bunch of things
22:54
and aren't going to market during that time
22:56
and that was trying.
22:58
And now we're entering this new era of down economy
23:02
and it's hard also.
23:04
And so I think the number one message
23:05
that I've been giving my team is about focus.
23:09
And it's easy to say we need this, we need this,
23:13
and I keep telling them push back on me.
23:16
These are the priorities.
23:18
We've just gone through our whole v2 mom process,
23:21
which we all learned and loved from Salesforce days.
23:24
And I've spent a lot of time on that
23:26
and I'm asking my team to push back on me
23:29
and say these are the things that matter,
23:30
let's debate what the priorities are.
23:32
And then if you find yourself working on something
23:35
that isn't on the priority list
23:36
as we've outlined it, challenge me, push back.
23:39
And that, it's a forever battle.
23:42
It's one of those things I think when times were tough
23:45
as leaders we got to over communicate
23:46
and communicate and communicate.
23:49
But that's the normal thing for me is focus
23:51
because I feel the tension in the team
23:54
and the only thing we can say is like,
23:57
okay, it's not like we're never going to do that,
23:59
but maybe we can push that out a little bit.
24:01
And that's, you kind of got to fall back on that
24:04
as the play is opposed to like, okay, let's give up.
24:08
You got to move forward.
24:10
- No giving up ever.
24:11
- Yeah, yeah.
24:12
- Yeah.
24:13
- Right now it's one.
24:14
- I completely agree.
24:16
Like V2 Mom's so important,
24:18
having clear prioritization, focus, all of that's so important.
24:21
What I would say in addition as,
24:25
in this group is one that leads from the front,
24:28
you're there with your team, you do all those things.
24:31
A shift, I will say, is that I'm a huge believer
24:36
in in person right now.
24:39
We are coming off of two years of people being away
24:44
from each other, away from a culture.
24:46
The serendipitous conversations that you would have
24:51
just five minutes here, five minutes there,
24:53
you don't get that in the digital world.
24:57
And it's very interesting because people very much
25:02
like think they want something,
25:04
but it's different than what they need.
25:07
And a lot of people want to be at home
25:09
to have the flexibility to not have the commute,
25:14
to do the lot, like it's all great,
25:19
but you don't understand, I didn't understand until really
25:23
recently how much we need to be together,
25:26
to learn from each other, to connect with each other.
25:29
It doesn't mean that you have to be in the office every day,
25:32
eight to five or nine to five or whatever,
25:34
but that has been a shift that we've been really purposely
25:38
working on, which is getting people back into the office
25:42
and getting people and our get back with our customers
25:46
in person.
25:47
And I think that that is the next step level change for us
25:52
coming out of the pandemic.
25:54
- What do you do there?
25:56
- What's typical, like are you back two days a week,
26:00
three days a week, five days a week?
26:02
- It's interesting if I'm in,
26:06
if I'm home, like meaning in my home area,
26:10
I'm in the office, unless it's maybe a Friday or something,
26:14
but I've balanced that with being out with customers
26:18
and traveling, so I've done a fair amount of traveling.
26:21
I know Varney you've done some traveling,
26:22
you go to New York fair bit.
26:24
- Just getting together with the moments that matter too.
26:28
I think there are certain things in marketing
26:29
that are like, they're possible to do on Zoom.
26:32
It's just a terrible experience.
26:34
Like I don't know if you guys have written a keynote on Zoom,
26:37
it's awful.
26:38
And so like, I think of course we just don't,
26:42
there's not money ran out of the sky to do off sites
26:44
everywhere.
26:45
We're primarily a remote organization and attentive,
26:48
but if we have something coming up that needs a level
26:52
of collaboration and getting in front of a white board
26:56
and thinking through some creative challenges,
26:59
I've really tried to figure out how we can get in person
27:01
and tackle some of that live.
27:03
'Cause even if you're gonna, you know,
27:05
spend those dollars to get everyone the same place,
27:08
it's gonna be much more efficient than having, you know,
27:11
15 people on 20 Zoom meetings to achieve the same thing
27:14
you could do in two hours live.
27:16
- I think you guys are right.
27:19
That's what's motivating right now is remembering
27:21
it's about like the relationships and the people
27:23
and working on projects and getting your hands dirty.
27:26
That's what will kind of carry people through.
27:29
Sara Verde for you, how are you thinking about leading
27:31
your teams to these kinds?
27:33
- Yeah, I mean, I definitely agree with everything
27:35
that Sarah and Scott said.
27:36
I think getting people to think about new ways to engage.
27:39
You know, I think about, you know,
27:41
prioritization, how important that is right now.
27:43
I think the one thing I'd add is just,
27:45
I'm trying to reward creativity wherever I can.
27:47
And I try to remind people that some of the best companies,
27:50
best software companies in the world,
27:51
were born in these crazy times of uncertainty.
27:53
Salesforce being one of them.
27:54
Salesforce started in 1999, right before the dot-com bust.
27:59
And, you know, I think that I'm trying to encourage people
28:03
to think outside of the box,
28:05
think about how we can be investing in things
28:08
that are pretty much free except for the people resource.
28:10
Like, how do you think about,
28:12
this is a great time to clean up your SEO strategy
28:15
and to start, you know, really investing in content.
28:17
This is a great time to really think about
28:19
how you can engage your super users to go do your bidding
28:22
for you and get more reach.
28:24
And so wherever I can, I'm really trying to encourage
28:27
my employees to think about, you know,
28:30
how we can do more with less, really.
28:32
- That's awesome.
28:35
- And I think about what Bernie just said is that,
28:37
it's something I love about her is that she's super fun.
28:41
And so when you're embracing creativity,
28:43
it's like, we need to have fun,
28:46
do more with less, but still have fun doing it, right?
28:49
And we work hard, but we can have fun at the same time.
28:53
And that's what we'll engage your employees to.
28:57
And so, you know, this is one of the funnest bunches here.
29:01
It's, we used to have a lot of fun in the office, you know,
29:06
with silly things, even with just having little headbands
29:10
at your desk or, you know, whatever you do,
29:13
like that type of, that type of fun.
29:16
And I love Barney Hays said rewarding the creativity
29:19
because there's a lot of fun creative ideas
29:21
that people can bring.
29:23
- That's great.
29:24
I know we're almost at time, but in terms of what I'm doing,
29:27
just do recently more, he like just like Halloween thing.
29:31
(laughs)
29:32
- Very cool.
29:32
- So, my studio, Stan Darcy is our talent.
29:35
Starkey might leave us for Hollywood soon.
29:38
(laughs)
29:39
But we have, we have just a few, but it's left,
29:42
but I'd love to wrap.
29:42
You guys are talking about motivation
29:44
and motivating your employees.
29:46
We have an audience here full of CMOs and revenue leaders,
29:49
and they're looking for motivation for 2023
29:51
as we kind of tackle a new year.
29:54
Any sage advice that can kind of be lightning round
29:57
as to how you think CMOs should be thinking about pipe gen
30:01
going into 2023, or kind of where their head should be at
30:04
as we go into a new year.
30:06
Scott, I'll start with you.
30:08
- Let's see.
30:10
So, I mean, there are two interesting trends
30:12
on my mind right now, and they're kind of juxtaposed,
30:15
sort of competing for brain space.
30:19
And one is that, you know, it's been said
30:21
that every company is becoming a media company.
30:23
And if you look at what Salesforce has done
30:26
and Sarah with Salesforce Plus,
30:27
like we're all trying to put out this amazing high-end content
30:31
to inspire our buyers and you're kind of like
30:34
really trying to punch up.
30:36
And then you've got this other thing on the horizon,
30:37
which is AI-generated content,
30:40
which is done by a machine and lacks, you know,
30:43
I think by most people's estimation,
30:45
that lacks some of the finesse and some of that,
30:47
you know, connective tissue to get people excited and emotional.
30:51
And so I'm trying to get my head around these two things
30:53
and be like, when do I, you know,
30:54
how do I think about them at the same time?
30:56
And I think both are massive trends
30:59
that we need to be taking advantage of,
31:00
but how you do that and how you place your bets
31:03
needs to be thought out carefully.
31:05
- And how about you, Varney?
31:09
Any, I'm going by last name, you know,
31:12
'cause it's just easier.
31:14
Any advice for kind of the crowd
31:15
of what you think CMO should be focused on
31:17
as we wrap up the year and go into 2020?
31:19
- Yeah, I mean, I would just say, you know,
31:21
expect the unexpected.
31:23
This market is moving fast and, you know,
31:25
just from a general management perspective,
31:27
I would think about how you can leave like 10 to 20% of slack
31:30
in your roadmap for next year.
31:31
Like if you think about, if we go back a year in time,
31:35
it was like omnichron central.
31:37
We were all still doing like virtual wine-tape things, you know,
31:40
like, and just think like how different the environment is
31:43
we're living in today.
31:44
So, you know, I think to the extent that you can save a little
31:47
slack for your team in the case that,
31:49
who knows what's coming?
31:50
I'm not saying a global pandemic,
31:52
but we just don't know like what's going to happen
31:54
from an inflation standpoint, from a market standpoint.
31:57
And I think to the extent that you can be agile
32:00
and flexible and move to that
32:01
and move to where your customers are,
32:03
the better off you're going to be as a team.
32:05
- 100%.
32:08
Sarah Franklin, I will be you.
32:10
- Everything that they've said,
32:13
I would say to add on, just be steady in your strategy.
32:18
Whether, like as Scott said, you're, you know,
32:24
wanna be a media company, you have, you know,
32:27
really highly produced content or, you know,
32:30
community created content.
32:32
That content has a purpose.
32:34
It's to create people subscribe into your brand
32:38
and building your first party data strategy
32:41
and building that out.
32:43
So whatever the tactics are, don't lose sight of your strategy.
32:46
And as Varnie said, be flexible, be sane.
32:51
Know that, you know, tough times don't last,
32:54
tough people do, and we'll all get through it.
32:58
And so there's more to life than, you know, only pipeline.
33:03
Although that we do live and breathe by the pipeline.
33:07
But that's where, you know,
33:10
you can tap to and building a CMO network in CUNY is so important.
33:13
Whether you're a CMO, whether you're head of marketing,
33:15
whether you do demand gem, whether you do creative,
33:18
tap your brother's sister friend in the industry
33:21
is ever more important and keep yourself steady.
33:24
'Cause it's gonna be tough times, but we'll get through it.
33:27
- That's great.
33:28
Well, I think that's a great note to end on.
33:31
And I think it's important that everybody
33:33
who's in the industry is ever more important
33:35
and keep yourself steady.
33:37
And I think it's important that everybody connects
33:39
with each other, looks to each other, learns from each other.
33:41
'Cause it's easy to get heads down in your own world,
33:44
in your own business, and to learn from each other.
33:47
So we feel so grateful that you guys are able to join us
33:50
for pipeline summit.
33:51
Scott, Sarah, Sarah, what an all-star lineup.
33:54
It was so fun to reconnect and just hear kind of where your heads
33:57
are at from a CMO standpoint, especially as we wrap up the year
34:01
and go into 2023.
34:03
So a ton of valuable nuggets in this session.
34:05
And we will see you guys soon. Thanks so much.
34:08
- Thanks for having us more.
34:10
- Thank you.