Ryan Bonnici shares his insights into why investing in content is essential, ways to drive revenue and demand, and the importance of your distribution strategy.
0:00
[MUSIC]
0:05
Welcome to Demand Gen Visionaries.
0:07
I'm in phase on CEO of Caspian Studios.
0:10
And today I am joined by a recurring guest, a special guest.
0:13
He was guest number five on DGV.
0:16
Ryan, how are you?
0:17
Ian, I'm doing great.
0:19
Thanks. It's going to be back here with you.
0:22
Yeah, indeed.
0:22
It has been, feels like a lifetime ago.
0:25
It's a tough.
0:26
Company changes, children being born, all sorts of crazy stuff.
0:31
I know. It must have been almost five years, four or five years.
0:34
What a world.
0:35
OK, let's get into it today.
0:38
You have a new job.
0:39
Tell us about your role at Jim Pass.
0:41
Yeah, so I started at Jim Pass a little under four months ago.
0:47
So a little bit about Jim Pass first.
0:49
So Jim Pass is basically the world's best employee benefit,
0:54
essentially.
0:54
So it's something that your company buys.
0:57
And it's in a perk for employees.
0:59
And so for us specifically, it's the world's largest network
1:02
of gyms in studios.
1:04
I think we have 65,000 around the world.
1:07
And it's not just kind of basic gyms.
1:11
It's really top tier, right?
1:12
So with a gym pass, you have unlimited access to Equinox, F45,
1:16
Barry's SoulCycle.
1:18
So we really had this really premium, incredible network
1:21
of gyms.
1:23
And so that's a little bit about the business.
1:25
The business started in Brazil 10 years ago.
1:29
And there's now HQ'd in New York, which is where I am right now.
1:34
And gosh, so I manage a team of about 400 people at Jim Pass.
1:41
And because we're this sort of B2B2C marketplace,
1:45
we essentially-- we sell to companies, that's the B2B part.
1:49
And then we market to those companies as employees.
1:52
And those companies help us with that process.
1:55
And so customer experience, customer service,
1:59
rolls up into marketing, given it's very digital.
2:02
So about half of the 400 or so people
2:04
are focused on helping our customers, the customer service,
2:07
online chat, telefiring, to email.
2:09
And then the other half is more traditional demand,
2:12
gen marketing, if you will.
2:15
I love it.
2:16
Customer success rolls up to marketing,
2:18
because it's digital.
2:18
And I love it.
2:19
It's just like this total change in, well, there's
2:23
someone communicating with our customers.
2:26
And who should be doing that?
2:28
And I think that that's just such a cool thing.
2:31
Yeah, it's interesting.
2:32
I mean, we split it kind of-- so we still have client success,
2:36
obviously, like there's the works with our large customers.
2:40
So we have Fortune 500 companies that
2:42
have hundreds of thousands of employees,
2:44
and 100 pass.
2:45
And so we're obviously doing a wide glove service there.
2:48
It's more kind of you have the digital channels, right?
2:50
So if someone is reaching out with needing help,
2:52
getting into a gym, or using our app, or anything like that,
2:57
or even signing up, for example, because it's all
3:00
so digital these days, marketing is really the best team
3:04
to handle digital channels, because it's sort of like
3:07
outbred and butter, essentially.
3:10
So yeah, it's been a really interesting part of the role,
3:12
which I haven't been over in the past at previous companies.
3:16
I'm really enjoying that, actually.
3:17
And it's interesting, because it's so interconnected
3:19
with the lifetime value of your customers,
3:22
and ensuring they have a great experience.
3:23
And we're studying through a lot more data analysis
3:25
around trying to connect like NPS scores with retention,
3:30
and et cetera.
3:31
So it's a really fun space.
3:33
So I feel really lucky.
3:35
Yeah, indeed.
3:36
I mean, I'm sure that just from the data
3:38
that you can tag these accounts and follow these accounts,
3:42
and that it's under one person and under one dash
3:47
word and thinking about it all like that is super fascinating.
3:50
I'd love to say it was all that connected.
3:53
We're working on that.
3:54
But I think with any marketing sales system,
3:59
there's a lot of disconnect between the systems themselves.
4:03
And so we're working on a big project right now
4:05
to connect all of our systems up, because I think
4:09
when a company blitz scales, it's really important that all
4:13
teams have autonomy to get the tech they need to go quickly.
4:16
And then once you reach a certain point,
4:18
you start to realize that that doesn't really
4:20
help you continue to grow.
4:22
And you need to start to sync systems in different ways,
4:24
consolidate systems.
4:25
And so we're going for that process right now.
4:28
But I feel like in the next few months
4:30
we'll be at a point where we have a true 360 degree view
4:33
of our customers and can start to connect all of their touch
4:36
points with how brand, digital, in person, check-ins
4:40
at a gym, NPS score, et cetera, and really start
4:43
to kind of manage the experience as best as we can.
4:48
All right, let's get to our first segment.
4:49
The trust tree is where we go and feel honest and trusted.
4:52
And you can share those deepest, darkest, demand,
4:55
gen, and marketing secrets.
4:58
So tell me who gym-pass customers are.
5:02
So we kind of think of ourselves as a three-sided marketplace.
5:05
So we truly have three groups of customers.
5:10
So it's thought to have partners, right?
5:11
So our partners are Equinox, Lifetime Fitness, SoulCycle,
5:16
F45, Crunch, Orange Theory, et cetera.
5:19
So they're a customer that was essentially, right?
5:23
We need them as part of our model for our model to work.
5:27
And so marketing--
5:29
we have a partner marketing team.
5:31
We do things there.
5:32
So that's one, I guess, leg, if you will, and a three-legged
5:36
stool.
5:36
Then basically what we're doing is
5:38
we're giving these amazing services that our partners
5:40
provide to companies.
5:41
So there's a B2B component, right?
5:43
And so we're selling to HR, typically,
5:46
at these companies, depending on the size.
5:48
If it's a multinational Fortune 500,
5:50
we're probably selling to a direct or a VP of benefits.
5:54
If it's an SMB and they're buying touchless for our website,
5:57
it's probably ahead of HR.
5:58
It might even be a CEO, right?
6:00
If it's a 10, 20-person company.
6:03
So that's the B2B arm, which is essentially
6:05
the second leg of the stool.
6:07
And the third leg is the employees of that company.
6:11
So the company's buying an enterprise subscription
6:13
to Gem Pass.
6:14
And the employees basically are buying their own subscription
6:18
to a different package.
6:20
So for example, I like Equinox.
6:22
I like F45.
6:23
They're in the top tier of our individual plans.
6:26
And so I'm paying, I think, it's 150 a month
6:30
for unlimited access to Equinox and all of those gems.
6:34
Which, just to go to one Equinox alone,
6:36
like a monthly subscription is like $250.
6:39
So I think it's actually $350 in New York.
6:41
And then you're stuck at one location.
6:43
So we can afford to pay the gem is what they would normally get
6:47
because we have this enterprise subscription,
6:49
which is like the different component of our revenue,
6:51
which is what some of our competitors
6:54
that started in direct to consumer space,
6:56
lack.
6:56
They never had two revenue streams.
6:58
They have a really similar name to us.
7:01
And so because of that, partners like us a lot more
7:05
because of the fact that we're not cutting
7:07
into their profit margins, which I love, right?
7:09
Because we want to serve like all of those three customers,
7:13
if you will, equally.
7:14
And they're all incredibly important.
7:16
And we don't want to hurt any of them.
7:17
So that's a little bit about what our customers look like.
7:22
Awesome.
7:23
And so someone like me, if Caspian,
7:26
we got 20 plus employees, if we wanted to get on Jim Pass,
7:31
we're going to pick a plan, pay X amount of dollars
7:35
a month, and then our employees have the opportunity
7:38
to go basically choose their own individual plans from there.
7:43
Yeah, that's exactly right.
7:45
And I mean, companies can choose to subsidize
7:47
more of the employee costs.
7:49
So some companies will say, hey, we'll pay for the first $50
7:54
of the employee's component.
7:57
So basically, we have a free plan, which is the digital plan.
8:01
We have like a $10 plan, a $20 plan.
8:03
So like all of those plans might be completely free
8:05
if your company is subsidizing the first $50.
8:08
And then from $50 to $150, you might pay like $100
8:11
if you want the top plan out of pocket.
8:13
So that's kind of how it works.
8:14
And again, we're kind of work where
8:16
we launched our touchless sort of SMB sign up flow.
8:21
I think before I joined, and since I joined,
8:23
we've been refining it further.
8:27
But yeah, that's kind of how it would work.
8:30
I could have signed up.
8:31
We already had big benefits as like the first thing that I did
8:36
when I started cast being was get like,
8:38
so we use just works.
8:40
So we have like really elite tier benefits.
8:44
And something I just felt super strongly about
8:46
is like if you're worried about any--
8:47
I mean, it came from the army, right?
8:49
Or it's like, you know, it was in HR in the army.
8:52
So it's like, if you're worried about anything else,
8:54
you're not worried about what's on the battlefield.
8:55
And so that's kind of how I believe as an entrepreneur.
8:57
But I'm going to look into Jim Pass.
8:59
This is awesome.
9:00
I'm going to check it out.
9:01
I'll go through the self-serve.
9:03
And I'll let you know because this is super exciting.
9:06
And so let's dig in a little bit more on that buying committee
9:10
on that HR leader.
9:13
Is this something that they're looking for?
9:14
Is this something that they already kind of like want?
9:18
What's the demand level?
9:19
And then how are you structuring your marketing team
9:23
to engage those enterprise accounts?
9:25
So the buying committee, like, yes, it's definitely
9:29
something that they're looking for.
9:30
And we're really lucky there's not really any competitor
9:33
in this space that sells in the way that we sell, which
9:36
is why, as I mentioned to you, in the last sort of six months
9:40
we've doubled the business.
9:42
And we're already at a really significant kind of revenue
9:45
run rate.
9:47
So yes, there's a strong need.
9:49
There has been, especially during COVID,
9:52
we were kind of one of those businesses that really sort
9:55
of were able to support employees and help
9:57
our businesses and customers during that time.
10:01
And it's kind of grown since then.
10:03
So yeah, I think that needs become even stronger
10:06
in the last few months with employee retention
10:11
going down the great resignation, which we keep hearing more
10:14
and more about.
10:16
And so companies are doing more and more
10:18
to sort of retain their employees,
10:20
but also to manage the well-being of their employees, too,
10:22
right?
10:23
Like if your employees are, well, they're
10:24
not going to be productive.
10:25
They're not going to be happy.
10:28
So yeah, it's been a big sort of focus area,
10:32
I think, for a lot of HRs.
10:34
In terms of the buying committee, your question there,
10:38
I mean, in bigger companies, right?
10:39
It starts with someone that's managing benefits.
10:42
And then they have a pool of funds,
10:44
which they're allocating to different--
10:46
some things are reactive, some things are proactive.
10:49
Right, so like your health care plans,
10:51
et cetera, that's kind of probably more of a reactive
10:53
benefit that you use when there's a problem.
10:57
Jim Vass is more of a proactive benefit.
11:01
I inherited the team, obviously, four months ago
11:04
and have been kind of working with the team over the last few
11:07
months to best understand how we should be structured moving
11:11
forward, not necessarily because I just joined,
11:14
and I want to do that.
11:15
But more so just because we're growing so quickly as a company.
11:18
And I think the company doubled in employees
11:20
within the last year or two from 700 to 1600 or so.
11:26
And I think with any companies moving that quickly
11:30
and developing new products and different business units,
11:32
you're constantly evolving your org structures
11:35
to meet the needs of the company.
11:37
So when I joined, there was essentially
11:38
sort of like two different business units.
11:40
There was the B2B business unit, which
11:43
was how do we attract HR people to consider
11:47
Jim Vass for their company?
11:49
And then how do we connect them with our sales team
11:52
to generate marketing source revenue for the company?
11:56
So it's the B2B team.
11:57
And then there was a B2C team, which was essentially, OK,
12:00
once they've signed, how do we market to their employees?
12:04
And so we market for them through channels like email,
12:07
like we typically receive their employee lists,
12:10
and they keep updating their employee lists
12:12
syncing that with our back end so that as they hire new people,
12:15
those employees are now eligible for Jim Parson.
12:18
They can sign up.
12:19
So we have millions and millions and millions of people
12:23
in our database that we are then marketing to
12:25
through own channels, which is really cost effective.
12:28
Sometimes we can't reach employees via email
12:30
because they may work in stores.
12:32
We have some retail clients that have
12:34
hundreds of thousands of employees that work in retail stores.
12:37
They don't have company email addresses,
12:38
so it's a more difficult for us to contact them.
12:41
And we might use different kind of in-person activations,
12:45
digital advertising, et cetera.
12:47
So they're connected to revenue teams, B2B and B2C.
12:51
There's like your brand creative and comms team,
12:54
which is sort of all in one, which is going to focus higher
12:57
in the funnel on our brand impressions awareness.
13:01
At the very bottom of the funnel,
13:02
there's what we call CX customer experience,
13:05
which is that team that I mentioned earlier,
13:07
which is focused on meeting the needs of our customers
13:10
and prospects digitally, so answering my questions online,
13:12
building FAQ content, helping them with any issues
13:16
they may have.
13:17
And then there's a marketing ops and tech and analytics team
13:21
that we're building right now, which is really focused on
13:24
how do we build the right resources for the marketing team
13:27
to be able to do what they need to do,
13:29
sort of connecting up data,
13:31
analyzing, driving insights of it.
13:33
Oh yeah, and I'm hiring a VP of content
13:36
in organic growth at the moment.
13:37
So we're building a content team.
13:39
But I think as we start to kind of like scale up
13:42
and start to sell more to the SMB, right?
13:45
Like say a sales that approach for SMB
13:47
doesn't necessarily scale from a CAC perspective
13:50
and an affordability perspective.
13:51
So really building an inbound machine
13:54
that is attracting those SMBs and kind of moving
13:56
into our SMB signup flow is key.
13:58
So building that content team to do that.
14:02
- So fascinating, great overview there.
14:05
I'm curious, like, as you build out the content team
14:09
and obviously you could put your priorities
14:13
in so many different directions.
14:16
That HR buyer, that committee, that person is looking for that.
14:20
I mean, you could even, you know, obviously
14:23
clip up a couple, you know, all the way up to the CEO
14:27
who wants a healthier, more--
14:29
- Totally, totally.
14:30
They're definitely part of the buying committee.
14:32
And what's really interesting is they're typically
14:34
a champion for Jim Pass because if you think of most CEOs,
14:38
it's rare that a CEO doesn't take their health
14:42
pretty seriously.
14:43
I think this is like true of a lot of executives,
14:45
to be honest.
14:46
There's definitely an over-indexation,
14:49
I think of type A people when it comes to executives
14:51
and especially CEOs and fitness and exercise
14:54
as a way to manage stress and to kind of like
14:56
keep things under wraps and help you.
14:58
And I mean, that's certainly true for me.
15:01
And, you know, many CEOs that I've worked with.
15:05
So helping them understand that like the perks
15:07
that they can afford as a CEO,
15:09
like a personal trainer, equinox, et cetera,
15:12
like their employees can have that as well.
15:15
It's sort of the sales pitch to them, which resonates.
15:18
- All right, let's get to our next segment.
15:19
The playbook is where you open up that playbook
15:21
and talk about the tactics that help you win.
15:23
- You play to win the game.
15:25
- Hello, you play to win the game.
15:33
You don't play to just play it.
15:36
- Give me your three channels or tactics
15:38
that are your uncuttable budget items.
15:41
- To me, like paid and content marketing is so important.
15:44
Like paid marketing helps you pay the bills today.
15:49
It helps you drive revenue, drive demand.
15:51
And it helps you build up your inbound funnel for content.
15:54
So I feel like, you know, it's rare
15:56
that a company wouldn't be doing both of those things
15:59
regardless of their size.
16:02
So to me, like, you know, doing paid really, really well,
16:05
I think is everyone can do paid, like doing it really well.
16:08
I think it's a different story.
16:09
And having really great people lead it is key.
16:12
I'm not as much of a fan of kind of outsourcing those skills
16:16
and using agencies.
16:16
I prefer to hire really incredible paid talent in-house.
16:20
But I think, you know, that's kind of the on-demand piece.
16:24
And then the content side of the house, again, is key.
16:27
I'm sure if you go back to our fifth episode
16:30
where we spoke last time, I'm sure content was a big part
16:32
of what I said, don't I?
16:34
And I feel like nothing has changed.
16:36
You know, if anything, actually,
16:38
it's become more and more important
16:40
just because, you know, the cost per click
16:43
and the CPAs have paid, maybe are getting more and more expensive.
16:47
So I'm still a firm believer in that.
16:50
It's definitely gotten harder though.
16:51
- Can you give me some examples of that,
16:53
of ways that people are doing paid right or paid wrong?
16:56
- It's a few things.
16:57
Like, I think, you know, if you're using agencies
16:59
and you're kind of a paid, an in-house paid person,
17:03
it's more of a project manager, I think.
17:06
You know, there's typically a lot of kind of fat
17:09
that can be cut in the paid programs that you're doing.
17:13
And I just feel like those people that are running
17:15
through agencies and aren't maybe as skilled themselves,
17:18
they aren't able to click into
17:20
and really understand what's going on properly
17:24
and doing like really good audits of the paid media campaigns.
17:28
It's pretty easy to do that and quickly realize
17:31
like what keywords, what campaigns aren't working,
17:33
why are we still spending money on that, right?
17:35
To say that's part of it.
17:37
I'm a big fan of actually like not doing branded paid.
17:41
I think like, this is a pretty like heated, debated topic,
17:45
but I just think it's like a total racket
17:48
paying Google for your brand terms.
17:50
Now, if someone is, and by that I mean like us paying
17:55
for the term Jim Pass on Google Search, for example, right?
17:59
Like I know some people will do that
18:00
to block out their competitors.
18:01
We're pretty lucky that we don't really have any
18:03
super direct competitors in the space to do exactly
18:06
what we do in the same kind of go to market motion.
18:09
And so for us, I don't think it's necessary.
18:11
We are still doing branded paid,
18:14
which I feel like having to ask the team to pull back on
18:16
and at least cut out for a month
18:18
and see what the results are.
18:19
And you know, when kind of doing that in the past,
18:22
I feel like you still get the majority of the clicks
18:25
that you would have gotten, maybe a teeny bit less,
18:28
that you can then repurpose that budget elsewhere.
18:30
I think like another one is like, you know,
18:32
even just social ads, right?
18:34
I remember when I was at HubSpot, we did testing.
18:37
And we would literally launch the same ad
18:40
with the same campaign, with the same targeting,
18:42
multiple times at the same time.
18:45
And you'd be amazed by how quickly Facebook's paid algorithm
18:50
kicks in in the sense of like, if one of your three ads,
18:54
which are all identical, same targeting, et cetera,
18:56
gets more engagement quickly, just because of chance, right?
18:59
Like they're all identical.
19:00
So like there's no reason why one should get better engagement
19:03
with the others.
19:04
Like just the fact that one of them got more engagement,
19:07
we'll see like a much higher engagement rate really quickly
19:10
and then a much higher kind of reachability
19:12
and then a much lower cost per acquisition
19:15
and the other ones will underperform.
19:17
And again, there's truly no reason why that should be the case,
19:20
but it's just because like Facebook's data is saying,
19:23
oh, this is connecting better,
19:24
like let's go more down that path.
19:26
And I remember that with something that paid team learned
19:28
really quickly.
19:29
So instead of just doing one version of our paid ads
19:33
or paid campaigns, they do multiple versions
19:35
of the exact same one,
19:36
because that way then you can cut the campaigns
19:39
that didn't get that quick engagement
19:40
and then didn't scale up.
19:42
But again, it's a little hacks like that
19:44
that I think if you don't have really incredible people
19:47
running your paid programs, you just,
19:49
you would never think, like you would think to run three,
19:52
like A/B tests or like A/B/C tests,
19:55
like three of the exact same targetings,
19:57
the exact same creatives, the exact same messages,
20:00
because of the fact that like,
20:03
Facebook's algorithm picks up on the engagement really quickly.
20:07
So stuff like that,
20:08
I just don't think an agency is gonna be doing
20:10
like they're not gonna care at all.
20:12
And I think I'm a bit biased there,
20:15
but that's just my experience
20:17
with working with really great paid people.
20:19
- I love that.
20:21
And then you mentioned content, obviously,
20:23
we talk about, is this idea of like,
20:26
well, your website is this new digital storefront
20:29
and your website is where your salespeople can live
20:33
and all of this transactions are happening
20:34
and kind of it's essentially the most underinvested asset,
20:37
pretty much across the board for any B2B company,
20:39
even though it's so important.
20:40
And so this idea of like,
20:42
well, what's on your website, obviously all your product
20:44
and all your product details and all this stuff,
20:45
but also all of your content.
20:47
And it's just such a dynamic thing to have all this content
20:50
and everything about your company, obviously.
20:52
And so I'm just curious,
20:54
like how do you think about making investments in content
20:56
which can be pretty complex?
20:58
- I'm a really strong believer in content
21:01
as sort of like attraction tool through organic search, right?
21:05
So for me, content, when I talk about content,
21:08
I'm typically talking about content that drives
21:10
organic traffic to your site, right?
21:13
Through Google, people going to Google, finding your content.
21:16
Podcast, et cetera, I think we're kind of like
21:19
another layer of content, really important.
21:22
I think more important, maybe from a thought leadership
21:24
perspective than typically people finding them organically,
21:29
right?
21:32
They're great if someone shares them with someone,
21:33
but I think there's not really great tools today
21:36
that kind of index the content of the podcast, right?
21:39
Like there's a ton of value in podcasts
21:41
for launching our own podcasts at the moment.
21:44
- So to me, it really starts with like the investment
21:46
that you asked about, you know,
21:48
really investing in keyword research
21:50
and understanding what are the things
21:52
that the audience we want to attract
21:54
are going to Google and searching for.
21:56
And then really building kind of our content strategy
21:59
from there.
21:59
I think a huge part of content marketing
22:01
that people don't think enough about
22:03
is your distribution strategy, right?
22:05
And so inherently in kind of the way we do content
22:08
and the way I think of it is like it has organic distribution
22:11
naturally built into it.
22:13
But then I, and so that's kind of like a,
22:15
just a byproduct of doing it that way.
22:19
I think the link building and other strategies
22:22
that help you more proactively, you know,
22:25
get your content distributed, you know,
22:27
using social etcetera are also really important.
22:30
I think at the end of the day,
22:31
the most important thing with, you know,
22:33
your content investments is to invest
22:35
in creating really good content.
22:37
'Cause, you know, if the content sucks,
22:40
it doesn't matter how good your distribution strategy is.
22:43
People won't stay on your blog post
22:45
or listen to your podcast for long.
22:47
And the systems will realize that it's not, you know,
22:50
very valuable content and then your rankings will go down.
22:53
So.
22:54
- I think what is so interesting is this like
22:56
two-pronged approach, which is that type of stuff
22:59
is a lot of times more aspirational, what's coming,
23:04
what the future is, how people are doing things in real life.
23:07
It's very human-centric story-driven,
23:09
all that sort of stuff, which is inherently different
23:11
from like keyword type research, that type of content.
23:16
I think more so, like when you're doing content marketing,
23:19
right, like people have a problem,
23:20
they're trying to solve that problem.
23:22
And yeah, your content helps them solve that problem.
23:25
Like that's never, that kind of content rarely
23:28
is gonna connect with a decision maker.
23:30
Unless, you know, unless you're creating content around
23:33
like how to run an executive offside
23:36
or, you know, how to build an executive team, right?
23:40
Like obviously like the people searching
23:41
for that are probably executives or CEOs.
23:44
But in general, you know, it's harder to connect
23:47
with decision makers in a thought leadership way
23:50
for content marketing.
23:51
That's where I think podcasting and kind of like
23:54
a longer form in depth stuff that you,
23:56
it's less about a job to be done and more about
23:58
like personal stories, et cetera, and learnings.
24:01
That like that becomes a really useful asset
24:03
for your sales team, right?
24:04
To send to a decision maker to say,
24:06
"Hey, I think you'd like this.
24:07
Hey, your brand was mentioned in this."
24:10
Like, and that can be kind of that conversation starter.
24:13
Like I think it's rare that a blog post
24:15
from like your company is gonna be the thing
24:17
that you send to a decision maker
24:19
to begin a conversation might be,
24:22
but more often than I probably is.
24:25
- Yeah, I think the other piece on that
24:27
that's so important is that if you create a great series,
24:31
you're getting all these people
24:33
to essentially guest blog posts for you, right?
24:36
Like that's part of the allure of it is
24:38
if you can create a great series that has an audience
24:41
that you can promote that people can tap into
24:43
and that serves the audience,
24:44
a specific audience exclusively,
24:47
that that feeds like that piece of it,
24:49
that it's basically part influencer marketing
24:52
and part customer marketing because a lot of those people,
24:56
some of those people might be your customers.
24:58
And so I think that that's where you can get it
25:00
like these two different use cases for making that stuff.
25:04
And at the end of the day, like I'll roadlessly
25:06
back to your website, you can promote assets in that.
25:09
But the other piece of this that I think is really interesting
25:12
is a lot of that type of content is where your people are
25:16
in app, in device, in whatever.
25:18
Like that is, it's used from a consumer grade perspective
25:22
and you don't have to build all that stuff.
25:24
And that's another thing that I think is really cool
25:26
that those roads end up leading back to you
25:28
and your brand in your website.
25:30
- I think tech to me is so key, right?
25:33
Like building a really strong tech stack
25:35
is the one area where I'm pretty hesitant to cut
25:39
because I feel like there's just so many great tools
25:42
out there today that help us marketers do our jobs better,
25:45
right?
25:46
Whether it's data enrichment tools, like attribution tools,
25:51
I'd say probably that's an area where I wouldn't cut.
25:53
I think you're blind if you kind of cut your martech stack
25:55
and your analytics stack.
25:57
So I'd say that's probably probably an uncutable one for me.
26:01
- What about something that's going out of favor
26:04
or something that you're not gonna be investing
26:06
in anytime soon?
26:07
- I always struggle with PR, to be honest.
26:10
It's always about trying to pitch the product
26:12
as opposed to build relationships with journalists.
26:14
And one of the things that I was saying
26:16
to the person that leads PR for us is
26:19
I really want their compensation to be tied to performance.
26:24
So instead of like, I was reading a statement of work,
26:27
I think the other day, and I was talked about
26:29
kind of we're here for a reactive crisis comes,
26:34
we will pitch journalists,
26:35
we will help with story creation.
26:37
I'm like, that's like a lot of the stuff that you're doing.
26:39
I really don't care like what you do.
26:41
Like I care like what results you drive.
26:44
So like how many dear one stories are you gonna generate
26:48
for us?
26:48
How many two or two stories, two or three stories,
26:51
et cetera, like what, like how do you manage
26:54
kind of the results?
26:56
And that's what I care about.
26:57
And if you overachieve on the number of stories
26:59
that we agreed to as the goal, then I'll pay you more.
27:01
- There's a new type of company like you said,
27:03
how's your website, you know, different?
27:05
Seems like it's gotta be,
27:06
thrices complex perhaps.
27:09
- Yeah, that's an interesting question
27:11
and something that we're like,
27:12
we're doing a bunch of tests right now on the website
27:15
with like new homepage.
27:16
So when I joined because of those different business units
27:20
that I mentioned, you know, if you go to our homepage today,
27:22
it's a very consumer centric.
27:24
So it looks like we're a direct consumer,
27:26
kind of D2C, B2C product,
27:31
like the competitors that started before us.
27:35
And we're now kind of like balancing the B2B
27:38
and the B2C message.
27:39
So like when you hit our homepage, it's clear that we're
27:41
an, we make it really clear that we're an employee benefit.
27:44
If you're a company here, like we push you down,
27:46
like the company sign up path to get started.
27:49
If you're an individual, we push you down there,
27:50
like how do you get started with Jim Pass
27:52
through your company?
27:53
So I don't know if the website,
27:57
I think has done a really good job
27:58
at catering to consumers that are eligible for Jim Pass.
28:03
I think it's underserved, our B2B buyer,
28:06
so HR people.
28:08
And so that's something that we're doing a lot of changes
28:11
to in testing right now.
28:13
- We've done the CMO of things a few times.
28:16
Like where's your head at when you went into this role?
28:20
Anything you did different?
28:21
- Yeah, I mean, so many things.
28:25
Like I don't know how much of it is like conscious
28:30
versus unconscious,
28:32
but at this time definitely feels very different
28:35
in the best kind of way.
28:36
I mean, what's super unique about my time in Jim Pass
28:40
was that actually we hired a new Chief Revenue Officer
28:44
at the same time as I was hired,
28:46
and we both started on the same day,
28:48
which was really, I think it could have gone really badly.
28:53
It went and is going beautifully well,
28:59
and I think what's been so lovely about that,
29:02
and my counterpart, Carol Lee,
29:03
who's actually a revenue officer
29:04
and who I'm connected at the hit with and love,
29:07
we're able to kind of look at the company
29:13
and point out areas of opportunity
29:15
that we can fix together,
29:17
and none of it's personal, right?
29:19
'Cause neither of us were responsible for creating
29:22
what exists today.
29:24
I don't mean that what exists today is bad,
29:26
I mean, it's amazing, the company's growing so well, right?
29:29
But at every kind of stage of growth,
29:31
there are things that serve you to a certain point
29:33
that need to change,
29:34
and that's been super unique, I think,
29:38
because we're on a really similar learning curve together.
29:41
So that's made this experience really, really special,
29:45
and I mean, I give so much credit to my boss, our CEO,
29:49
and our Chief People Officer for really like
29:51
matchmaking us beautifully,
29:53
so that's been really unique,
29:55
and I think my feedback to kind of companies
29:58
that I am consulting with regularly is,
30:02
if revenue and marketing aren't working well together,
30:05
think about renewing both of them at the same time,
30:09
if you can.
30:10
So to say that would be one of those things,
30:11
I think for me,
30:12
slowing down a little bit,
30:16
it's just kind of counterintuitive,
30:17
but in the past, I think,
30:19
I wanted to drive impact really quickly
30:23
when joining a new company,
30:24
which I think is natural of anyone in any role, right?
30:26
I think the more senior you get, though,
30:29
the more difficult it becomes to drive
30:32
really quick results in the sense of revenue
30:36
or with a program, right?
30:38
And if you're trying to do it,
30:39
trying to do that,
30:40
you're probably under serving the bigger picture of your job,
30:43
and so what I really appreciate about my boss was,
30:47
you know, from the get-go, it was like Ryan,
30:50
we're doing really, really well,
30:52
even if you weren't here,
30:53
like, you know,
30:54
get to over 100% of our goal this year,
30:57
like, you know, we need you for, like, us in two, three, four years,
31:01
like, to help build what we need for, you know,
31:04
post-A-billion revenue.
31:05
And that was so nice because it kind of,
31:09
it took a little bit of the pressure off
31:12
so that I could actually really get to know
31:15
everyone on the leadership team,
31:16
really get to know my team,
31:17
really get to know people across the company.
31:19
And I'm really excited about it.
31:21
I'm not the kind of person that puts a lot of pressure on myself.
31:26
I think my counterpart and sales is the same.
31:29
And so I think for us to kind of get that sort of ability to know
31:35
that we didn't need to kind of, like,
31:37
really quickly try and scramble to fix something
31:39
because it wasn't broken,
31:41
was really powerful.
31:43
I always think of,
31:44
might have talked about this last time,
31:46
but, you know, I always think about, like, when you're in a role,
31:48
like, you need to kind of balance relationships
31:50
and results, right?
31:52
You know, a leader that over-indexes on relationships
31:54
and under-index on results isn't good.
31:56
Like, and the vice versa,
31:58
results without relationships isn't good.
32:00
But if you're going to choose one,
32:01
I'd probably say choose results over relationships
32:04
because it leaves, like, your driving impact.
32:07
Let's get to our final segment. Quick hits.
32:09
Your quick questions and quick answers,
32:11
just like how quickly you can talk to somebody
32:14
from Qualified. If you go to Qualified.com,
32:17
Qualified Prospects are on your website right now
32:19
and you can talk to them quickly.
32:21
If you use Qualified, go to Qualified.com to learn more.
32:24
We love them.
32:25
They're the very, very best and they've been with us
32:27
since Episode 5, since Episode 1,
32:29
since the very beginning of this show,
32:31
Qualified is the best.
32:32
Quick hits. Ryan, are you ready?
32:35
I am totally ready.
32:37
Hidden talent or skill that's not on your resume.
32:39
An amazing sleeper.
32:41
Like, you know, nobody sleeps like I sleep.
32:44
Like, I'm a nine-hour per night kind of sleeper.
32:47
Can sleep anywhere and a master at NAPs.
32:50
Favorite book, podcast, TV show that you've been checking out recently?
32:53
Favorite bookable time is The Power of Now by Eckhart Tolle
32:57
and also the Great Gatsby at Love.
32:59
Podcasts, I love Pivot and Sway,
33:03
which both have the same co-hosts and are amazing.
33:08
I think they're from the Vox Media podcast network.
33:11
Ryan, that's it. That's all we got for today.
33:14
Thanks a lot for joining.
33:16
You are hiring. You're hiring multiple positions.
33:19
I am.
33:20
So for our marketing friends, go to Jimpass.com.
33:24
Yes, please do.
33:26
Thanks, Ian.
33:28
Yeah, nudge your HR person and tell them to go buy Jimpass
33:31
because it's pretty amazing.
33:33
It's a pretty amazing book. I'm not going to lie.
33:35
No, thanks so much for having me.
33:36
It was a pleasure as always and I'm excited to keep watching what you're doing.
33:41
Yeah, thanks so much.
33:42
Hopefully we'll have you back sooner than 90 episodes from now,
33:45
but it's always great. Always great chatting with you.
33:48
[music]
33:58
(upbeat music)