Anthony Kennada, Co-Founder & CEO at AudiencePlus, is championing owned media experiences for brands.
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(upbeat music)
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Anthony, welcome to the Pipeline Summit,
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Pipeline Visionaries Live at the MoMA.
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- It's awesome.
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- San Francisco, we were just chatting
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for a while before this.
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I'm so excited to finally have you on the show
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and get to talk with you live in person.
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- Yes.
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- So many Zoom calls over the years.
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But so excited to chat content, chat audience plus,
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you go to market, how you think about all that stuff.
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And so let's get into it.
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- Let's do it.
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- First, how did you get started in marketing?
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- Oh man, so it was never my intention, to be honest.
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Like I found myself working in tech,
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came up as an SDR at Box back in 2009
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and kind of pivoted to like business development
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and the partnerships team moved my way over
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to product management.
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I don't know how or why someone gave me a shot on product,
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but I actually really enjoyed it.
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Thought I would actually keep pursuing product.
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And then my CEO at GainSight,
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who I'd worked with at LiveOffice called me
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and said I'm doing this thing,
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this company called GainSight
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or would be called GainSight over time.
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Do you wanna do an interview?
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Or do you wanna talk about it?
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And this was one of the leaders that
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I would follow blindly into the dark, right?
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He is like values driven, a cultural kind of leader.
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And so whatever he was going to lead me towards,
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I was gonna say yes.
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And he asked, and I put together this like plan
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of how I'd run products for this company.
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And he said, what do you think about marketing?
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I'm like, I've never done marketing before.
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And so I, you know, wanted the job,
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wanted to work with him.
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So I go on Wikipedia and I'm searching demand-gen
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so I can just sound smart and drop words like MQL
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and kind of know what I'm talking about.
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Thankfully, he gave me the job.
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But, you know, I think what I found, like a couple of things.
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One is the lesson I learned is that sometimes people
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see things in you that you don't see in yourself.
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And he saw a marketer in me.
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I think he says there was like a presentation I gave
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like several years prior that stuck with him
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or something to that end.
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So thankfully, I think I landed somewhere that,
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very unprofessional that I just love.
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You know, so I'm glad he pushed me.
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And so a few stops being, had a marketing being a CMO
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and now you're a CEO, which is the path we always love
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for marketers to make it into the CEO role.
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But you started the company Audience Plus
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and you've had a fascinating sort of buildup
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to launching the company and a lot of, you know,
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early customers, really cool customers.
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Take us back to why did you start Audience Plus?
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Yeah, I think there are a couple of things.
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So I mean, it starts with the origin story, right?
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Like I got dropped into the head of marketing job
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and I didn't have a lot of bias.
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I had a lot, all I had was first principles
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for how we can build, gain sight into a company.
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And so I didn't think about paid search.
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I didn't think about SEO.
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I didn't think about these things that you might be trained
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to as a kind of marketer coming up
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through the different kinds of parts of the org.
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And so I looked to like late night television, Airbnb,
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like what are the consumer media,
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how are consumer marketers doing?
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That's really interesting.
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And that was sort of the thesis
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for gain size marketing approach.
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It was, okay, let's just serve this persona
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with education and entertainment,
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doing like interesting ways.
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We did events just like this one.
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We hosted podcasts, all these types of things,
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which in 2013, when we started was sort of deemed
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as brand or corporate marketing.
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You can't measure it.
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It sits outside the growth equation,
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but you know, we think there's some like benefit to it.
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I found that that was actually,
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like maybe we put a call it thought leadership
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or something in general.
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I found that thought leadership was actually like
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the number one driver for gain size success,
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not just from the lens of brand awareness or whatever,
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but from a pipeline perspective,
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like it actually helped us generate sustainable pipeline,
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people that weren't just coming in
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through a transactional channel,
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but wanted to stay with us.
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So that kind of became part of my playbook.
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And I took it to front and I took it to hop in
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in the CMO kind of role there.
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And it was that hopping that I was trying to build
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sort of the interface digitally
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that is between our brand,
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you know, is the company and our audience,
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which historically is the blog.
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That's kind of where we send traffic to on our website
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to kind of get people to engage with our thought leadership.
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And at each company, I've sort of tried to kind of supercharge
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our blog in a way, like make it about more than just written
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content, add video and live events and podcasts
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and those types of things.
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And I want people to subscribe or opt in or convert
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into our thought leadership.
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And that was kind of like the leading indicator we used
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to measure thought leadership.
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We're like, okay, if they're not subscribing,
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asking for a demo request,
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are they at least subscribing to our content in some way?
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And so I built something internally against site.
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It was kind of ugly, kind of, you know,
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use like Zapier hooks to plug it into Marketo
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to kind of try to make it work.
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At front, I used an expensive agency and it cost a lot.
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And when they hand it to us, we couldn't maintain it.
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'Cause we needed like engineers to basically upload content.
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So at Hopden, this was sort of like under the shadows
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of Salesforce Plus that had just come out
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and HubSpot doing some interesting things.
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And like gosh, there's gotta be by now,
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like a Salesforce Plus as a service,
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something where we can distribute content on our own domain,
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we can build subscriber, an owned audience of subscribers.
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Then we can look at the data and understand
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how is all of this engagement actually driving revenue?
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And there wasn't.
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So it's a long answer to your question,
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but that was sort of the prompt was,
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this needs to exist as trend is happening.
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And there wasn't sort of an underlying platform
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to take the blog into the modern era
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and turn it into more of a,
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we call it own media platform.
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- It's so interesting because I had a very similar journey
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at the exact same time.
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And this was like before Salesforce Plus had launched
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where I had made five of Salesforce podcasts
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and I was starring in three of them,
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starring in quotes,
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hosting them.
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And I was thinking at the exact same time,
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like there's this massive organization
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that has that were at Dreamforce,
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this creates $4 for every $1 that they make
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for the ecosystem, this massive ecosystem,
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all these people.
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And I interviewed probably like a thousand people
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on across their shows over the course of about two years.
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And what struck me so much was every single relationship
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and conversation that I would have with these people,
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they had this affinity and love for Salesforce
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and they had all these unique stories and perspectives
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and the way that they use it
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and the way that they do this stuff
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and this like long form information was so helpful.
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And then at the same time,
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all these conversations led to business for my business.
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And I was like, wait a second.
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It's like, all of this thought leadership stuff,
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this brand stuff is like propelling my business forward
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and also propelling Salesforce's business forward
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and we would go to events and they'd talk about like,
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oh, we saw you at this podcast.
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And it became extremely clear to me too
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that when I would write a blog post
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after I would do a bunch of podcasts
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and video content and events,
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that then that would get way more received
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and they wouldn't reference the blog post
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and say like, hey, I read your post.
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They'd be like, oh, I heard you talking about Blake.
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And so it was like, what was sticking
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was the conversations that we were having
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on podcasts and video series, not writing stuff.
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And then also I would talk to these guests
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and the guests would tell these stories.
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Now remember, specifically one guest who was a CIO,
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five times CIO, very influential IT leader.
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And he told me a story about what happened to him on 9/11
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and the IT problems that he dealt with that day in New York.
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And he was like, I've never told that story in 20 years.
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And I really, it kind of makes me realize,
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I think I want to write a book
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and I want that to be part of it.
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And he was like, it's just so,
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thank you for being able to tell the story.
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So then I kind of had that realization
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that we're unearthing stories that people want to tell
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but they don't have the ability to sit down
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and write it out and we're giving it to them.
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And that is creating value for that person too.
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And then I looked at companies,
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like does any company have any way
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to like cultivate these stories?
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Not customer stories,
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not just talking about products and services,
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but to do that.
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And I was like, no, they don't have that.
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They don't have like a muscle in the organization
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that tells stories that are not just
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about their products and services
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but are about their community in a way.
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And like Sales Services is like the best one.
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And I was sitting there like,
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hey, we're making all these shows.
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And so I came to the same conclusion that you did
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and sort of the opposite way through content
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that content is pipeline.
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- Absolutely.
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- Like it drives pipeline, it accelerates pipeline,
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it does all that stuff.
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And so few companies ever looked at it that way.
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Why do you think that that was?
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Why do you think that the investment into content
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and how the organization was structured
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is sort of been an afterthought?
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- Yeah, I think there's maybe two different trends
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versus like how we define content.
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Because this is not universal,
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but if you look at maybe most B2B kind of marketing teams,
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do you have a content person or content team?
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They're like, yeah, they're pumping out SEO articles,
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anchor pages, we're writing it for Google
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and that's, we're doing sort of the inbound marketing
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kind of thing.
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But again, I'm not trying to like diminish that.
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I think that's important.
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It's just, it's getting more like,
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we're all competing for the same keywords
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and there's only so much attention to capture.
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So I think-
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- This is zero sub game, right?
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- Yeah.
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- There's 10 spots on Google.
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- If you want to be in the top couple.
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- Exactly.
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- And we know that it works.
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But I mean, even Rayan Fishkin,
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who like wrote the book on SEO,
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is like now like, hey, this stuff is not a good thing
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to invest. - Exactly right.
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And I think that's actually a super interesting point.
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And very timely, we've spent the last two decades
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trying to automate marketing.
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Marketing automation is the language that we've used.
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And it's timely because literally yesterday,
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John Miller, just saw his face up there a second ago,
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co-founder of Marketo just released a post
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that literally was like vulnerable, I'd say for him to write.
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It was like the playbook that I wrote for marketing,
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no longer works.
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And so even Marketo is saying up here,
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saying like the old way of thinking about content
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as a function of maybe driving traffic
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to potentially drive inbound conversions
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to sort of like run that play,
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it's just not working in this modern world.
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And so I think your point on storytelling
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is super interesting because
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there's only so much attention that we can capture.
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And I think what it's like a cheesy thing to say,
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but we're realizing that even B2B buyers are human beings
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that want to be entertained and educated.
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And that's what pierces through the noise
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is if we can tell stories in a compelling way
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that will fundamentally drive more pipeline,
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more affinity, more sustainable relationship
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than trying to sort of like trick someone
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into filling out an ebook form
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so we can like spam them kind of a thing, right?
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That's kind of like the historical context oversimplified,
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but this is a much more authentic, real thing.
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And I think we're just as an industry like hungry
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for authenticity now.
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- Yeah, I think that there's a lot of words
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that sort of needed redefinition.
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Brand is one, content is one.
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And I heard brand describing recently
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is like brand is your buying experience
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and your customer experience.
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So if that's the case and you're investing
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in like customer experience and how they go through the funnel,
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then and part of your buying experience is your website
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and how quickly someone can go to your website.
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Obviously the great people are qualified
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who put this whole thing on that,
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Craig, when I talked to his CEO years ago
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and they were starting qualified, he was like,
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if the CEO of their biggest prospect walked into the door
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to your headquarters, which in my cases,
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by my office, my actual house,
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but if that kept, even better,
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you would roll out the red carpet,
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you'd go get them a drink, you'd have, you know,
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do all this stuff.
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If that person comes to your website, nobody cares.
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- Yeah. - Right.
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And then you just get treated like anyone else
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who comes to your website.
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And so again, that's about your buying experience.
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What is the like to go through that?
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Well, that buying experience happens with 5% of the people
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that are going through buying a product
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and the other 95% of the time,
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you're not buying stuff.
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And we have very little time, money and energy invested
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in the 95% of times that people are pre-buying, pre-research.
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And so like we know that 67% of the time
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that people do research before talking to sales.
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But what about before they're doing research?
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And like it seems like inception
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and it seems like kind of silly to even like talk
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about this stuff, but it's true.
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Like 13 impressions equal as a sale.
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Well, if you have someone on your podcast series, for example,
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and you have the reaching out to them, the prep call,
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the having them on the recording,
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following up with them afterwards, you know,
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people then you posting it on social,
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them posting on social people from their company commenting
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and all that sort of stuff, people, you know,
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months later reaching out.
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So you get just from one podcast episode, for example,
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you get all of that.
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And if that content then is getting resurfaced
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on a platform like Audience Plus on your website
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over and over and over again to new buyers.
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And then they see that piece of content to,
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hey, by the way, did you, I'd listened to this episode
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that you did like four months ago,
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and like you and AK were talking about this stuff,
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like that's pretty cool.
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Like it lives on and like that is super important.
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And then the final piece here on sort of like
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we could go into the whole AI conversation.
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The idea is like what Anthony is doing right now
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for his marketing strategy, like today, this quarter,
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what he's gonna do for Q4 is really, really interesting
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to me personally, right?
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Like that's not something that you can shove into chat
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TPT and like crank out and put a blog post on your blog.
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You need to have Anthony give his insights in real time
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about what he's doing for next quarter
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'cause that's what people are looking for.
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Like pure driven insights is the thing that like
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I realize and I unlocked of like we have to unearth
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the peer driven insights, which people are historically
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bad at giving and then share those
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and disseminate those with people
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and then put it in the right place at the right time
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with platforms like Audience Plus on the website
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when people do that.
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And so this, it just changes the fundamental way that
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to think about how we're serving the right information
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of the right people and using their peers as a proxy
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for a writer sitting there like with a blank Google doc,
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which I think is just the wrong way of thinking about it.
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- Oh, absolutely, no.
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The other thing I mean is you're talking about
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just like all the touch points that you're doing
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as you're bringing guests on the show and everything.
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You're building a relationship, right?
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And I think that's part of this.
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We're chatting before we came up here.
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There's almost like a renaissance happening in B2B marketing
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where we're going back to like our basis where what do we do?
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We understand the channels and the ability to create content
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or to scale the ability to build a relationship
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to establish trust behind a brand.
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Nick used to say like, you know,
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if you get me in front of a customer, like,
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you know, we used to think against,
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I've put Nick in front of a customer, things are good.
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So we got to get him in front of a million customers.
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And we can't do that because of space and time.
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So through our content, we're able to scale Nick
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and the trust that he can build to the world
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through things like podcasts and live streams
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and all these types of things.
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So I think the common kind of point here
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and not in the connection to pipeline
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is that through this new, not new approach,
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but this renewed sense of re-imagining our content marketing,
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we're building relationship
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and we're helping ultimately drive business through that.
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- Yeah, I tell our team this,
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but I'm like, I should be doing five things.
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Should we talk to someone on our team,
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talking to a potential, you know, a prospect or a partner,
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talking to a customer, talking into a microphone,
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you know, somewhere that goes out there
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or talking to a customer.
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And it's like, as a CEO, like,
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that's what I want to be doing.
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And that's what every CEO should be doing.
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I mean, they have to talk to their board too.
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And people like that.
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But generally speaking, like, talking to a microphone
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is something that they haven't invested in.
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We do Snowflake series and Frank Slubin
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is like one of the most brilliant people as a technologist.
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But we've worked on that series
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and they are methodical with how they think
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about Frank's thought leadership.
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And everyone you talk to is like, oh, I've read "Amped Up."
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And you're like, oh, so I guess writing a book still does work
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and they have this really good series.
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And you just start to look at that
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and like how your executives perform
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and not just executives, other people on your team,
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your CMO, if you're selling to engineers,
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your head of engineering, like those perspectives matter too
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and you need to create vehicles for them as well
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to share thought leadership.
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Like it matters.
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And the term thought leadership is just a stupid term anyways.
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Like it's loaded to people buy from people ultimately.
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And so I think that's sort of the thing.
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We can kind of put them in a position to, you know,
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to people to get to know us, our leadership team,
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our extended team.
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Like I think that's the core kind of premise.
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Switching gears to your go-to-market.
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So Audience Plus, you officially launched the company when?
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- May officially.
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- And then previous to that, you were in the lab working on stuff.
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I remember you showed me the deck, we were on site too.
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I was like, dude, I already get it.
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Audience Plus, I'm 100% in.
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I don't even need to see the rest of the deck.
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I know exactly where you're going.
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So how long did you work building up before you launched?
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- Yeah, so we raised our seed round in March of 22.
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I think we talked probably like April of 22,
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something on those lines.
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And we've been building the product kind of ever since
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in October of that year.
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We started launching our own content, right?
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'Cause we're like, we gotta walk in the shoes of our customer.
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We gotta evangelize this kind of concept.
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We're kind of calling it own the media for now.
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It's not obviously our language.
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It's in textbooks for generations.
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But I think one that we sort of skipped over a little bit
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in terms of modern B2B marketing.
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So we've been trying to educate and inspire
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around this idea of own media.
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And then we launched the company and May announced it,
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talked about the product and have been kind of selling
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and kind of marketing ever since.
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But we're a seed stage company.
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So we don't have, you know, hop in budget
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or that's a whole other podcast.
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But we don't have like the budget of, you know,
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a traditional kind of ass scale business.
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And so we believe that a lot of this stuff
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we're talking about here doesn't have to be super, super expensive.
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Like you can, you've got the stories, right?
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Like that's ultimately the currency of what you need.
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So a lot of what we've been doing is going all in
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on content production events, like those types of things
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as a function of building our subscriber base
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for lack of a better term.
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And then using our subscriber base to kind of monetize
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that into revenue.
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So, you know, one of the big kind of hallmarks
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of that was our launch event that we did.
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So we hosted this like four hour LinkedIn takeover event.
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We had a celebrity.
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So hopefully we can talk about this a little bit,
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but the power of celebrity and B2B marketing.
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But we had Topanga from Boy Meets World.
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There's any 90s sitcom fans here hosted it for us.
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Nostalgia is this weird thing where it's not like super expensive,
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but also it hits like, you know, it's very effective.
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And we drew some inspiration from like space X launches
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where they're counting down in this pre show to this big reveal,
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which was this keynote.
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And then we took inspiration from The Bachelor, which I know,
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but it was basically like the after the rose ceremony
20:33
where we brought people up to react to the keynote
20:37
and kind of the implications.
20:38
And so it was this beautiful kind of, you know,
20:41
moment that we tried to engineer.
20:44
And that really kind of kicked things off for us, I think,
20:46
because we were sort of like in the lab to use your language,
20:49
kind of talking about this thing.
20:51
But we wanted to create this sort of like cataclysmic kind
20:53
of moment for the industry to gather.
20:56
And since then, you know, we've been trying to kind of,
20:59
you know, find ways to one up that kind of, you know, going forward.
21:03
Yeah, I would say that, you know, obviously every,
21:07
every, you know, great technology company sort of is
21:10
you're heading this movement and this whole like,
21:13
any raskin sort of, you know, create the change that is happening.
21:18
Company like qualified, where, you know, you look at
21:21
conversational marketing, you look at someone turning your website
21:24
into a selling machine.
21:25
Yeah.
21:26
And how just how few people think about that?
21:28
Yet when you talk to marketers, like I've asked what 150 marketers,
21:32
how do they think about their website?
21:33
They're like, oh my God, it's the storefront.
21:34
It's the most important thing.
21:35
It's so important.
21:36
Like how much do you invest in like turning that into selling machines?
21:39
Like, oh, well, you know, we're, we're a value.
21:41
And you're like, what are you talking about?
21:42
You just said it's the most important thing.
21:44
But so, you know, like qualified, obviously,
21:46
spearheading that movement, you obviously spearheading this own
21:52
content movement.
21:53
And it's so important.
21:56
And I think the reason why that your event was so well received
21:59
in your launch was so well received was because
22:02
of the fact that people are looking for this like crystallization
22:08
of what they see around them.
22:09
They see Salesforce Plus, they see the HubSpot Podcast Network.
22:12
They see companies like Paddle and Qualified with Qualified Plus
22:16
and all these things that are like, wait a second, the best marketers
22:20
are building out this own content portfolio of shows and events
22:26
and really cool, interesting content that's very persona driven.
22:30
It's like hyper specific.
22:32
It's like multi-channel, it's multi-format.
22:35
Like all of the best folks are doing this.
22:37
And I'm kind of sitting here like banging out another blog post
22:41
that like is going to get six views for a term that like do we even
22:45
know if we need or not?
22:46
Yeah.
22:46
And so I think that there was some of that happen.
22:48
Did you feel like after the event that that you got that type of feedback
22:52
from people?
22:52
Totally, totally.
22:53
I think that was the, you know, if you're a content professional
22:57
and you're hearing kind of this message, this is hopefully really encouraging
23:00
and exciting because this is the type of stuff content folks wanted to work on.
23:04
At least in my, the folks that I had worked with, I think the other piece
23:09
that's interesting is taking it, you know, further down funnel because we've
23:12
had,
23:13
you know, we talked about this a little bit, like the traditional tactics
23:15
to generating pipeline just aren't working anymore.
23:17
Right.
23:17
And so we've, you know, the message that we've been kind of trying to
23:20
articulate
23:20
is a big part of that is because we've been either paying for access to our
23:25
audience through digital advertising or renting it through these third party
23:29
platforms.
23:30
So this idea of like, you know, that again, this fits into the broader kind
23:34
of audience acquisition bundle.
23:35
So I'm not suggesting like stay away from this, but like, you know, doing an
23:39
expensive like video project, putting it on YouTube and your CEO asking you,
23:42
how did that go?
23:43
Right.
23:43
I don't know.
23:44
We got like 100 views on it.
23:45
I think it was okay.
23:46
There might have been a bump in traffic and we're like telling that story.
23:49
So I think the feedback that kind of helped affirm and validate like this, this
23:56
broader idea of own audience building or whatever we want to refer to it as is
24:01
there's
24:02
an appetite for new ideas in the demand team and the pipeline generation team.
24:07
I think qualifies to be such a great job of that and kind of advocating for the
24:12
owned experience and how do we kind of make that a storefront?
24:15
I love that, that kind of analogy.
24:17
But I think that's why this is really resonating a lot is this feels like an
24:22
opportunity for us to do something that's authentic, to have access to the data
24:28
that's
24:29
proving that it's working.
24:30
And ultimately we're seeing signal of like higher conversions and better
24:35
connection to outcomes.
24:37
So it's no longer a brand thing.
24:40
Like we kind of opened up the conversation talking about it could be and it's
24:43
important, but it actually is fundamentally now a driver to revenue.
24:47
And I think that's what people have been really excited about.
24:49
That's something that can take to their CFO in 2023 and say this isn't just we
24:53
're
24:53
not going to write this off.
24:54
Like this is fundamentally like how we're going to hit our number this year.
24:57
And we weren't able to really put a lot of language around that until recently.
25:02
Well, yeah, I mean, and I think like for us, you know, we work with 65 plus,
25:09
you
25:09
know, B2B technology companies.
25:10
And for us, like if you're talking to someone who has a poor attribution
25:16
strategy, like you will not get good information.
25:19
Yeah.
25:20
Like you're saying, hey, we do last touch app attribution.
25:22
You're like, yeah, I mean, sure.
25:25
Yeah.
25:25
But you're you're that's you're juking your own stats.
25:29
Right.
25:29
Like that at the end of the day, like, so like, let's just use webinars.
25:33
So they've been to 17 webinars, but then they got a cold email and like you
25:38
attribute the deal to the cold email.
25:40
Right.
25:41
Like, I don't think that that's a super good plan.
25:44
But that's a lot of the conversations that we have is just a marketer being
25:48
like,
25:49
Hey, this is how attribution is done here.
25:51
And like, I don't even know how to tag this.
25:53
Yeah.
25:54
Right.
25:54
But like we cast me and we source 21% of the revenue for our business from our
25:59
series, from our own original content of like 100% sourced.
26:04
Wow.
26:04
So I mean, you're just looking at like, if we turn it off, that's 20% less.
26:09
And I would imagine it would be a lot higher than that.
26:12
Yeah.
26:12
But that's like cold sourced.
26:14
Yep.
26:14
Right.
26:14
So I think it's just tricky for people to try to figure out how to, how content
26:22
drives ROI and drives by porn.
26:25
And I think that what we're working on is trying to develop those plays
26:30
so you can put it into your playbook of like, OK, this is how you use a video
26:34
podcast for, you know, for cold.
26:37
This is how you use it for pipeline acceleration.
26:39
Right.
26:39
This is how you use it for customer story, like evangelism.
26:43
This is how you use it for the leadership executive play.
26:46
This is how you use, oh, you have, you know, a revived account or a
26:50
able by next quarter account.
26:51
Like this is how you use it.
26:53
This is how you position it.
26:54
Um, and those plays just like no one is running those people who are running
26:58
them
26:58
are not sort of sharing those.
27:00
And those are directly pipeline driven plays.
27:04
And like, when is content ever running pipeline plays?
27:07
Like, when is the content person even ever sitting with the demand person?
27:11
Shut up, Sarah.
27:12
Um, but you know what I mean?
27:14
Like, it's just not very common.
27:15
Totally.
27:16
I think that's right.
27:17
I was thinking, you know, the other piece of it is, you know, I think
27:20
attribution in general, such a sticky, you know, to your point, kind of complex
27:24
topic.
27:24
I think just the point of view that we're starting to develop is it's not that
27:29
it's not fundamentally working today.
27:34
It's just that it's a lot easier if the data is first party.
27:37
Right.
27:38
We know that here's what they're, you know, they like we can attribute a
27:43
multi touch model, but we have the touch points that we can cue off of, right?
27:48
That's the value.
27:50
And so like there's no, there's no question.
27:52
You have to put your podcast on Spotify, Apple music.
27:55
You have to be where your audience is.
27:56
You have to put your videos on YouTube from like an organic discovery,
27:59
perspective,
28:00
paid media.
28:00
So none of this is sort of like saying like, hey, run away from all of these,
28:05
like
28:05
these platforms.
28:06
But I think for a brand to send traffic to YouTube through an email post,
28:12
through
28:12
a email, a social post, it's like, why?
28:15
Like if we can send that traffic instead to our website, to the storefronts, to
28:21
the
28:21
revenue sales machine that we're building, we have a higher propensity to get a
28:26
conversion and at, or not, or best case, or if not that, at least we can
28:31
understand
28:31
that someone from this company is actually engaging with this topic or this
28:35
format.
28:35
And that might be interesting as we're thinking about kind of monetization down
28:40
down funnels.
28:40
So, um, so again, it's a sticky topic, but I think we're seeing this kind of
28:45
pull toward first party data.
28:47
And I think that's really kind of at the heart of proving impact of content.
28:52
Yeah.
28:52
I mean, I think another piece on that is people are just dumping
28:56
money into Google ads, Facebook ads and LinkedIn.
28:59
And like, if you cord on off a little bit of that and create original series,
29:06
then
29:07
you can see like, Hey, this is, we're running these plays and we're doing this
29:11
stuff and start to measure the impact with the idea of like, to get to that
29:15
point.
29:16
Yeah.
29:16
Is, you know, that's the sacred cow for a lot of people.
29:20
And like for a lot of people we talked to, I'm kind of a budget items, which we
29:23
're
29:23
going to do here in a second is, you know, Google ads are still, you know, one
29:27
of
29:27
things like, of course, it should be, but at the same time, like that is a very
29:31
high intent situation.
29:33
Right.
29:33
How do we get ahead of that?
29:35
Right.
29:35
Before they're searching for something, they're when they're not in market,
29:39
when
29:39
it's, you know, Q one and they're not going to budget again.
29:42
So another nine months, how are you, what's your plan of engagement and Q work?
29:47
Yep.
29:47
Cause it can't be Google ads.
29:49
Like it can't be faced or Facebook ads or LinkedIn ads.
29:51
Right.
29:51
Unless you're running the same copy at them all year long.
29:55
Yep.
29:56
Of like by now, by now, like that makes no sense.
29:59
That's right.
30:00
That's right.
30:00
So what are your uncuttable budget items for audience plus?
30:04
Oh man.
30:05
What is budget for a seed stage company?
30:07
Everything, everything is just like for crafts.
30:11
Um, you know, very tactically, I hope it's not too revealing, but like, you
30:17
know, we spend very, we've tried to just for a company of our size and budget
30:21
candidly is like we tried to in house some of our content production.
30:25
Um, and so I think over time we want to work with great partners to help us
30:28
really scale and take the production quality up and really kind of go to that
30:32
next level.
30:33
So our, our cost to produce is very little.
30:37
Um, we're spending money on, um, LinkedIn organic, which is kind of random.
30:44
Um, this gentleman named Alex Lieberman at Morning Brew.
30:46
I'm not sure if he's kind of a thought leader in the kind of audience building
30:51
space, he started this agency around ghost writing for execs.
30:55
Yeah.
30:55
Have you seen that story?
30:56
Are you?
30:56
Yeah.
30:56
Um, so we're one of his first customers.
30:59
Uh, and so the spoiler is like, uh, hopefully again, not revealing too much.
31:02
Like I'm not writing like what I'm, what's going on on LinkedIn.
31:05
This agency is actually doing it for me.
31:06
They'll interview me back to the idea of storytelling and produce, uh, a post
31:11
every day and, uh, so we've literally tried to cut almost everything, but
31:17
that's the one that we can't get rid of.
31:19
Yeah.
31:19
Because like we were doing the, like Chris Walker, um, you know, self-reported
31:23
attribution or a lead forms and like literally almost everyone that we're
31:27
getting that's not true, but like 50 to 60% of our form fills are like, saw you
31:31
on LinkedIn, saw you on LinkedIn.
31:33
I walked in today and two people were like, Oh, I think I saw you on LinkedIn,
31:35
like saying something.
31:36
So, uh, an important driver towards building traffic to send to your site, to
31:46
convert into subscriber is how we sort of engage on these rented spaces.
31:50
And for me to be at least, LinkedIn is, I think, like the predominant
31:53
surface for us to really, um, figure out.
31:56
I was just so bad at it.
31:58
Like I'd write like paragraphs and like you get like no impressions and then
32:02
they were really kind of helped coach me on how to, um, do better in terms of
32:06
content distribution in that channel as well as just building relationship.
32:10
Um, and so far that's actually working quite well for us.
32:13
Yeah.
32:14
It's interesting to hear you say content development, yeah, executive
32:18
thought leadership, um, as like, you know, the main two drivers there and then
32:23
LinkedIn organic, which is again, that's still a content play, but it's your
32:28
distribution channel being linked in zero paid.
32:30
We don't have any budget for paid media whatsoever.
32:33
We're not doing it for now.
32:35
Like I'm not saying that's forever.
32:36
Yeah.
32:37
But, um, at if we're kind of putting the efficiency hat on, like we're like,
32:41
all right, so how can we leverage these channels that we're talking about today
32:43
and actually do the thing that we're going to ask our customers to do?
32:46
Um, so sorry, I'm catching off, but yeah.
32:48
And how many shows do you have right now?
32:49
Um, four different shows and then a monthly kind of event series.
32:55
Um, yeah.
32:56
How many of those do you host personally?
32:58
Well, that's actually been, it's actually a good question for you because, um,
33:02
I've in the earliest days, I've hosted like almost all of them except for one,
33:07
but that's not my ambition.
33:09
Like I, I, I think about our media brand or I refer to it as like, I think,
33:15
I think, I think this is good advice for other companies, but love your,
33:18
your thoughts on it is to make it feel more like a network.
33:20
Yeah.
33:21
Where it's not me as like the voice, but, and it's not even audience plus
33:25
employees
33:26
that are delivering this content, but that we're almost building this like
33:30
creator network of sorts of subject matter experts in the domain that we're
33:36
talking about and almost like commissioning them to produce content for us.
33:41
Um, and what that gives us is a couple of things.
33:43
Scale for content cadence, making sure we're dropping kind of new episodes all
33:47
the time to their, bringing their brand equity into our network.
33:51
And so it's not just this like self-serving thing anymore, but it's like,
33:54
this is for the community by the community.
33:56
Um, but also there's built in distribution.
33:59
If you choose your, your creators the right way, they're promoting each
34:02
episode to their audience and it's helping kind of create more viewership.
34:06
So I don't like what we're doing today because it's very me driven and I want
34:11
to get out of that.
34:11
Um, and again, very small team, very small budgets, but our hope is to like
34:16
have
34:16
ambition to do more of the network type thing where we have a diversity of
34:21
voices and perspectives that are contributing to the conversation.
34:24
Yeah.
34:25
I think it's, I think both are a winning strategy.
34:28
Well, we see, um, uh, and if you take it, look like an example of this
34:33
qualified,
34:33
so with qualified, uh, plus you have, uh, three different shows.
34:38
So, uh, I host pipeline visionaries.
34:40
I host rise of rise of RobOps and then Dan Darcy hosts and said the Oana.
34:44
And if you look at the way that those three shows, there is three different
34:49
separate personas.
34:50
Um, it's the way that we, the way that we have developed those over time is
34:56
very
34:56
specific in the way that we do it. Um, and, and that works really well.
35:00
Um, for, for some of our other customers, we go and source external hosts, like
35:07
train them, coach them, whatever.
35:08
Sometimes those are people who are just experts in the space for no media
35:11
training.
35:12
So we coach them up.
35:12
Other times there are people who do have a little bit more of that.
35:16
That works really well.
35:17
Um, and what I think the best way to do it, and we talk with the CMO, um, of
35:22
click up and she, and yes, she's, oh, yeah, you know, Melissa.
35:26
Yeah.
35:26
Uh, she's awesome.
35:27
Their strategy is creating thought leaderships of their executive team at
35:32
click up.
35:33
That is like quarter of their strategy.
35:34
And it's absolutely a winning strategy.
35:36
We have a bunch of customers that do that too.
35:37
So I think the answer is actually it's all of the above.
35:40
Yeah.
35:41
It's you want to source external speakers.
35:44
You want friendlies, you want internal employees and you, and you want to do
35:47
that.
35:47
And the thing that I think is so funny is like people treat like
35:51
shows specifically like they're a one size fits all.
35:54
Well, some people like to watch the news.
35:56
So people don't some tea.
35:58
Some people like to watch Marvel movies.
36:00
Yeah.
36:01
Some people don't.
36:01
Some people like to watch like one, one of the CEOs of one of our customers is
36:06
like, Lowe's Rogan, Lowe's like super long form, two hour.
36:09
It's like, I really want our podcast to be that way.
36:11
Like totally.
36:13
Yeah.
36:13
But there's also a massive, you know, percentage of the population that wants a
36:18
10 to 20 minute, easy lesson, easy drink and beer that they can, that they can,
36:22
you know, watch or listen to when they're walking their dog.
36:26
And so the answer isn't that one is right or wrong.
36:29
It's that people have different preferences and how they consume that.
36:32
So one of the most popular episodes I ever did was with the CMO Spotify.
36:36
And we did, we did like two and a half hours.
36:38
Yeah.
36:38
And it was amazing.
36:40
The entire time.
36:41
But that doesn't mean that like every one of your shows needs to be the exact
36:45
same.
36:45
So in a variety of the spice of life and you need to think about things of like
36:49
people consume things in different ways.
36:52
And some people might listen, like listening to AK and some people might, you
36:56
know, can't stand you as a vote.
36:58
And like that's totally fine.
36:59
So let them opt into the types of content that they want.
37:02
What's interesting about that and qualified in particular is the optimization
37:06
is around the persona or the audience in terms of format, in terms of who they
37:10
are,
37:10
the problems they're solving, not keywords, right?
37:12
And that's what we're coming from.
37:14
Like, and that's what's changing.
37:15
And, you know, I think we're still in the early days, candidly, because we're
37:18
still creating content ideas based on what we think is going to generate more
37:23
organic search traffic to the site, which is again, table stakes and good.
37:27
And someone should probably do something there.
37:29
But this is that next chapter where it's content that is authentic for a
37:34
specific subset of your audience that is told in story, delivers value and
37:38
builds
37:39
relationship.
37:39
Um, and the second piece I was going to say is like, you know, we, we,
37:43
we think about our content, like calendar, like network TV a little bit,
37:47
where there's like a fall slate, summer slate, a winter slate.
37:50
So we're coming out of our summer slate now with like a new set of shows.
37:53
And so, um, and again, I don't know how much of this is like a good, best
37:57
practice,
37:57
but the spice, the variety being the spice of life thing, like we can mix it up
38:02
Where in the fall, we're targeting these personas with these formats.
38:06
It might be audio or video or, or it might be like a show that's like a teard
38:10
own
38:10
show as opposed to an interview or something to that, an entertainment
38:14
murder mystery.
38:15
And we're able to kind of go, you know, into different seasons and introduce
38:19
new
38:20
value in new formats for the same audience.
38:23
Um, so I think as we're thinking about a content strategy, there's a lot of
38:27
like
38:27
cool analogies from Hollywood, from the consumer world that we can, you know,
38:31
we're going to talk about that soon here, um, that, that I think can be, um,
38:36
that can really up level kind of how we're thinking about production today.
38:39
Yeah. So the R for tenants of, of our framework are, uh, so peer driven
38:45
insights.
38:45
So it's got to be peer led.
38:46
It's got to be persona based.
38:49
It's got to be multi-channel, multi-format.
38:51
So you have to have an own content piece of this and then understand your
38:53
distribution
38:54
strategies.
38:55
And then, uh, it's got to be serialized.
38:58
So like serialized content is eating the world.
39:00
Yes.
39:00
This is like, if you look at every type of media right now, like Mattel is
39:04
investing
39:05
hugely in serialized content, creating franchises that have a brand.
39:09
And doing that stuff.
39:10
If you look at Barbie and all that stuff, like Lego happened a decade ago and
39:14
they
39:15
rolled out Barbie and it's like the biggest smash it ever 10 years later.
39:18
So this is how slow Mattel was to figure out like, Hey, we made this like a
39:22
marketing
39:23
thing that made us $450 million.
39:25
Like we should probably start doing this again.
39:27
And now they have an entire slate of programming.
39:29
That's franchise.
39:30
So I think like with those four tenants for B2B, that's the way that we think
39:33
about
39:34
it.
39:34
And you're talking about our, the murder mystery that we do with your past
39:38
murder
39:38
and murder and HR.
39:39
And like that is a core piece of this thing is like nobody in B2B does fiction.
39:44
And because it's hard and because like getting Hollywood talent and doing that
39:48
stuff is way harder.
39:50
There's no traffic on the extra mile, but we've seen with that show, like the
39:54
number
39:55
one fiction show in all of Apple right now, you know, we did 140,000 downloads
39:59
for
39:59
us. Like two weeks.
40:00
Yeah.
40:00
And the reason why is because HR people who we made it for love it, but also
40:05
other
40:05
people like it.
40:06
Yeah.
40:06
So it's just another like, again,
40:08
it's an easy drink and beer.
40:09
It's the 5%, you know, summer lager that you're just like, hey, I can throw
40:14
this
40:14
on on my walk.
40:15
This is super cool.
40:16
And then you become a fan of it.
40:18
And like some people might love that format.
40:21
Some people might love interview style, but you're giving people different
40:24
types
40:25
of options.
40:26
And then they engage with you in different ways.
40:28
Here's a fun fact.
40:29
So Jim Pass had a prospect of theirs, like a, a semi warm prospect reach out to
40:37
their
40:37
sales team because they wanted a private screening of murder and HR.
40:42
Whoa.
40:43
Like when do you ever, when do your ads ever get you to get private meetings
40:47
with your prospects, right?
40:48
And it's like because the levels of engagement are so different, right?
40:52
That's right.
40:52
And it opens questions like, how did you get Camara to do this?
40:56
How did you get break out?
40:57
And that sort of stuff I think is like what's missing from B2B is that like
41:01
spontaneity and like variety and edutainment and something interesting that
41:07
just is not really commonly invested in because it's like, well, that doesn't
41:11
try to pipe points.
41:12
Like, no, actually it does.
41:13
And we can prove that now.
41:14
And it feeds fandom to which I think is an interesting language that we haven't
41:18
used too much in B2B.
41:19
But also you can build like a whole marketing thing around that.
41:21
Like what if there was like a private event or a live recording with, with
41:25
Mara and Brett, is it like that you have all your key prospects in?
41:29
It's like high touch kind of ABM campaign.
41:32
So I mean, there's all of this stuff can be integrated into the fabric of your
41:36
go-to market to help drive sales.
41:39
Ultimately, it's not just this like, you know, I mean, hitting the top of the
41:43
charts
41:44
is incredible, by the way, like maybe the first B2B marketing.
41:47
I think it's got to be the first that's even close.
41:50
Right.
41:51
But now like you've proven that hypothesis and now we can take that and turn
41:55
into an entire kind of program really that drives more revenue, which is great.
41:59
And like Jim Pass's strategy, their core marketing strategy and content
42:05
strategy is about providing value to their community that's value added.
42:09
Like they love HR people.
42:11
They're trying to make the employee experience better for all of their
42:15
customers.
42:15
And that's what HR people are trying to do.
42:18
And so like when you, when you take that premise and then you say, well, what,
42:23
what
42:23
content can we make for HR people to surprise and delight them in a way that
42:28
serves them?
42:29
Like, and one of the conversations early on was like, what does a love letter
42:32
to HR
42:33
look like? How do we show them that they are seen and appreciated and heard
42:37
and that we understand what they're going through?
42:39
I was in HR.
42:40
So I knew what that was like.
42:42
And part of the reason why we wrote it in the way that we did was to put a
42:45
shine on HR to put their name in lights in a way that had never, ever been done
42:49
And if you look at the Hollywoodization of HR has been extremely negative, I
42:55
think
42:55
I think for tech, it's the same way.
42:57
And like nobody can tell authentic business stories.
43:00
And so that stuff, I think there's a, there's a like real understanding and
43:04
longing for to be seen like that.
43:07
Right.
43:07
I, I, when I was in Scotland, when I was a kid, and I remember getting a tour,
43:12
and they were talking about the movie Braveheart and the, the guy was like,
43:16
this
43:16
was wrong, this was wrong, this was wrong, this was wrong.
43:18
And so all that said, it's an 11 out of 10 and we love it.
43:21
You know, like, and like that's how it is like, you know, long.
43:24
Yeah.
43:24
You feel like they're a part of it.
43:25
Yeah.
43:26
That's so cool.
43:27
So what are you seeing when you're talking to CMOs?
43:30
Yeah.
43:31
And how they're investing in content, how they're connecting it to pipeline.
43:37
Obviously, you know, on pipeline visionaries, it's all we think about here.
43:41
And, and we know that it's working, but it seems like it's a pretty uphill
43:46
battle
43:46
to try to go to your CFO and say, hey, we're going to invest in content.
43:51
And then they come back and go, yeah, but, but, but where's the number?
43:56
Yeah.
43:57
I mean, certainly, I think that the, again, the conversation being had between
44:02
CFOs
44:02
and CMOs today is all that efficient growth.
44:05
Like that's kind of the parent umbrella.
44:08
Because the only thing we know for sure that we can't do this year with the
44:13
resources
44:14
that we have, with the expectations that are on us is the same thing that we've
44:17
done for the last several years.
44:18
So there's in a way, you know, an optimistic way to think about that, that
44:22
there's
44:22
appetite for new ideas within the CMO or the executive team.
44:27
Now, I think for the majority of the conversations we have, we're still in the
44:33
early, early adopter innovator phase of this belief and this new kind of
44:38
mentality.
44:39
So we're trying to do our job of evangelizing it and talking through it as much
44:42
as we can.
44:43
But for companies that really get it, you know, qualified being one, there's
44:49
sort
44:49
of like a, you know, you hit this earlier, taking a slice out of your paid
44:55
budget,
44:55
which is traditionally for most marketing teams, the largest line item on the
44:59
program
45:00
budget for market marketers, just a little slice out of that could produce
45:05
enough
45:06
content to prove the hypothesis.
45:08
So that's sort of the step one.
45:09
It's like, all right, we're not saying we're going to step into like a brand
45:13
new
45:13
budgetary ask, we're going to take something off of search marketing, let's say
45:17
, like
45:17
keep the LinkedIn spend or whatever, the amplification budget, but like, let's
45:20
take
45:20
search and invest in producing one show or something to that end.
45:24
So that sort of starts the conversation.
45:28
And we're hearing actually some pretty interesting appetite there.
45:32
And I think the piece that that is resonating with our message is we're saying,
45:35
hey, if you can use those content assets in a way where you can distribute in
45:42
those
45:43
rented channels to drive attention, but then do it in service of driving owned
45:47
audience, we can actually start to measure the impact of this in a pretty
45:50
material way.
45:51
We're not going to have to wait for Google to maybe index the post, which might
45:55
take a while and then we'll have this like anonymous web visit that we think
45:58
could potentially like that sort of feedback loop that is long and kind of hard
46:05
to justify to a CFO candidly.
46:09
Isn't necessarily the case when you have a subscriber, we have someone that is
46:14
opted into your content where we see if they're coming back, what they're
46:19
watching, what topics they're interested in.
46:20
And so, you know, I think part of the value proposition of what we're trying to
46:25
offer is you could get a pretty close, a pretty fast feedback loop on content
46:30
you're producing today, if you're able to have the data to prove the connection
46:36
to do something else.
46:37
So if I were to extrapolate that, I would say the MQL of the past is being
46:43
challenged.
46:44
And I think what people are starting to kind of get around to is this idea of
46:47
audience engagement as a leading indicator to pipeline.
46:49
Yeah.
46:50
So if I know that back to the Jim Pass example, people are consuming this,
46:54
they're coming back for the second episode and the third or they're binging
46:57
the whole series, like, and we have that context.
47:00
That is super interesting for us for a, you know, how this deal is trending to
47:05
potentially being, you know, being a real opportunity for us.
47:08
So I think we're seeing this, like the language change internally as well
47:11
around
47:12
audience and around this idea of how we measure engagement as a leading
47:16
indicator
47:16
to, to pipeline creation.
47:19
It's sometimes it's just seems so obvious and simple to me, where you, where
47:23
you
47:23
look at someone that's a cold account that you have emailed.
47:28
Well, so we did a test.
47:29
I know I've never told you this.
47:30
So we did a test.
47:31
So we ran a cold, we get, we ran cold emails to, I think it was 250 accounts,
47:36
sales emails.
47:37
Yeah.
47:37
Hey, like that still very well written.
47:40
We have a pretty good response.
47:41
Um, basically like, Hey, you buy, buy stuff from cast.
47:46
I mean, it's great.
47:46
Yeah.
47:47
And then we ran the same emails to the same people with, Hey, do you want to
47:53
come on our show and we went from a 1% response rate to 25%.
47:57
Oh, really?
47:58
Wow.
47:59
And so, and like, again, I told you we close 21% of the people coming our show.
48:04
So you're like, you do the math there and you're like, that is an extremely,
48:11
yeah, extremely cheap channel to send a bunch of, you know, cold outreach.
48:16
And, and we set up with our marketing team.
48:18
It was like, why would we ever email anyone ever again?
48:22
Yeah.
48:22
That's not just inviting them on socials.
48:24
Totally.
48:25
Like, why would you ever do that?
48:26
That's the front door.
48:27
Yeah.
48:27
Out of it to the funnel.
48:28
Yeah.
48:29
Yeah.
48:29
And even still, like there's, there's, there's accounts that, you know, we run,
48:33
we run
48:33
some other, you know, cold campaigns that we're still sort of doing based off
48:38
of,
48:38
like, very specific triggers and all that.
48:40
And, and it still just doesn't perform as well, even if that person is ready to
48:44
buy.
48:44
Cause once they see who you are and you're coming, they're like, Oh, by the way
48:47
I was looking for a solution like this.
48:48
Hey, what do you all do?
48:49
So that sales conversation is either going to happen or it's not anyway.
48:53
Right.
48:53
So you may as well invite them to something that actually is value added to
48:56
them
48:57
and, and puts their name in lights and helps them tell a story that they were
49:00
unable to rather than just like just by our stuff.
49:03
And like, it's so simple.
49:05
And you're like, yeah, why is this not like a more common play?
49:08
But then you talk to people and you're like, Hey, we have six hundred and
49:12
seventy
49:13
named accounts that we're going after.
49:14
And you're like, well, so then why would you be dumping in paid
49:19
into Google ads for six hundred and seventy accounts where you could just
49:23
have a targeted strategy to go after the people in those accounts in a value
49:27
added
49:27
way.
49:28
Like you already know the accounts.
49:29
Yeah.
49:30
You know the people.
49:31
They're in your sales force.
49:32
Like you want them to come to you.
49:33
And so I think that there's just like a little bit of a knowledge to say, like,
49:38
do you know that there's a better way?
49:40
Do you know there's a more efficient way to spend your money?
49:42
Yeah.
49:42
And then like that hasn't, you know, certain people get it and other folks are
49:47
still sort of like, yeah, but I got to convince my CFO.
49:49
Yeah.
49:49
Exactly.
49:50
Exactly.
49:50
I think we're on the right side of history, right?
49:53
I think this is sort of, you know, this is where the market is headed.
49:56
And I think it's starting to pick up.
49:58
We're seeing kind of, you know, a lot of companies moving from the 20 year old
50:03
marketing automation playbook to this new one.
50:05
And it's exciting.
50:06
Like I think honestly, it's like, it's so cheesy to say this, but it's like
50:09
never been a better time to be like a B2B marketer.
50:12
Yeah.
50:12
Because our whole practice is in reinvention.
50:15
And if you like storytelling relationships and people and all these
50:19
types of things, it's a good time.
50:21
You know, I think it's a good time for a profession.
50:22
Yeah, I'll add one more, one more thing that I thought was pretty interesting.
50:25
So I was talking to, so one of our customers had this, we did a pilot.
50:29
Everybody wants some pilots, right?
50:31
Cause budgets are tight.
50:32
So we're going to do a pilot.
50:33
It's going to be a 14 episode pilot.
50:35
And, uh, and, and they gave us the name to list accounts.
50:40
We went after there was one huge account massive, massive, like, you know,
50:43
four to 100 company and closed the deal for like 800 K cold from that.
50:50
So like, I think it's like nine plus X ROI on just that one episode, right?
50:55
Wow.
50:55
And so we're going back to their team.
50:57
They're like, yeah, I'm this renewal should be pretty easy.
51:01
But like, why don't you make five more shows?
51:03
Like if you could see this type of ROI and it's like, oh, yeah, I don't know.
51:06
That might be tough.
51:07
And it was just like, what are we talking about?
51:09
Yeah.
51:10
Right.
51:10
It's like this type of thing works.
51:12
And so I think that even still just investing in content, take peeling money
51:17
away from paid into content, even when you can show the ROI is still a tricky
51:22
proposition.
51:23
And so I think that like we have a lot of work to do to, uh, to showcase
51:28
like how content drives pipeline and how you should be connecting those a lot
51:32
better.
51:33
But like you said, it's exciting time.
51:34
Yeah.
51:35
Totally.
51:35
Totally.
51:36
Anthony, great having you on the show.
51:38
Any final thoughts, anything, well, everyone should check out good audience
51:41
plus.
51:41
com obviously.
51:42
Um, yeah.
51:43
And final thoughts.
51:43
No, this is great.
51:45
I'm excited to be here in the dream force and qualified.
51:48
And so looking forward to the day and I appreciate being on the show.
51:51
Yeah.
51:51
Thanks so much.
51:52
I'll take care.
51:53
Thanks.
51:53
Yeah.
51:54
Yeah.