Christopher Willis of Acrolinx believes that authentic partner relationships are the key to generating pipeline and he’s got the data to prove it.
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[MUSIC]
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Welcome to Pipeline Visionaries.
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I'm Ian Faison, CEO of Casimir Studios.
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Today's show is brought to you by our friends at Qualified,
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the number one sales, the number one conversational sales and
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marketing platform for companies revenue teams that use Salesforce.
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And I am joined by a special guest, Chris.
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How are you?
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>> I'm good.
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Thank you, Ann.
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I'm excited to be here.
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>> Yeah, excited to chat about marketing, pipeline.
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You're one of the first, very first people that I have heard,
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or heard, refer to themselves as the chief marketing officer and
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chief pipeline officer, so that's pretty, pretty, pretty excited.
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We'll get into that and much more.
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What was your first job marketing?
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>> So we started a company back in the late 90s,
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specific to services and financial services companies.
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And in 2021, the world changed.
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We were working primarily in Boston and New York.
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And the economic downturn that happened after 9/11
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drove most small consulting businesses out of their large enterprise customers.
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And so we could either close or reinvent.
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And as it turned out, we reinvented one of the things that we had been doing.
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One of our partners had been working on a CRM conversion project for
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what seemed like a decade.
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We probably spent three years moving them from Janet to something else.
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Mars was the system he was moving to.
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And these mean nothing to people today, but they were early CRM.
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And while doing that, he thought, it'd be really interesting if we could see
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this data tied to sales data warehouse data, fulfillment data,
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different analytic systems inside, specifically a mutual fund business,
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on a small screen.
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This is prior to Blackberry or iPhone or anything.
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And we created the first packaged mobile application.
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We didn't really know we were doing it, but it wasn't just taking a big screen
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system and driving it down into a small hand-spring or palm pilot.
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It really was a composite application.
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And so there was four of us, the core for leaders in the company and
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the room spun and we all ended up in a corner and my corner was marketing.
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And at the time that the room was spinning, I was actually running sales for
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the business and when it finished spinning, I was running marketing.
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And my first marketing campaign was trying to gain traction around a thing
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that nobody ever heard of before.
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I'm going to help you do your job, but I'm going to take you off your computer
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and
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do it for you on your palm pilot wherever you go.
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And so I had just finished reading a book by John Spolstra,
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who was a marketer and sports team owner.
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And his bet was everybody likes a FedEx box.
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And he had struggling, I think it was the Portland Trail Blazers with a team
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that he was marketing for at the time.
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They were losing season ticket holders.
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And so he took a rubber chicken and shoved it in a triangular long triangular
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FedEx box with a jersey on it and a little note tied to its ankle and
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sent it out to people in long story short, huge conversion rate and drove up
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the purchasing of season tickets.
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So Operation Rubber Chicken was born at Pixis.
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I had custom made boxes built with little pillows with stars and moons on them.
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I spent $1,000 buying the cheapest hand spring device.
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That's the crappy generic palm pilot of the day.
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And loaded it with what looked like a demo, but it was slides.
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It was complete slide where on this device.
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So you turn the device on, it's all you can have access to and hand delivered
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it
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to 10 heads of sales at mutual fund companies.
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Not IT, this wasn't a software sale.
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This was a lifestyle sale to a person that makes millions of dollars a year.
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And that $1,000 investment won us $4.3 million in lifetime value at Putnam,
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Pioneer and American Express funds and drove us towards being the de facto
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leader
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in the space.
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We kept competition out of that space for a decade because of the work that we
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did
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in the early days, building ourselves into a vertical, becoming the solution
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and
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then expanding peripherally to different use cases inside that business.
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I didn't know what I was doing.
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But as it turned out, I learned as I went.
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I still don't know what I'm doing.
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Well, it's my story today and tell me about your current role.
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So yeah, you identified an interesting thing in nature.
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There isn't a chief pipeline title.
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When--
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Yet.
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Well, yeah, it's interesting.
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And it takes a very special company to make this role work.
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You have to have a line that between sales and marketing.
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Let's say that the chief pipeline officer is the marketing leader.
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I think in most cases, that makes the most sense.
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And we can talk about that.
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But you have to get along with your CRO.
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If there is any ego or aggression between those two, this will not work because
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I talk
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to salespeople.
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I'm responsible for creation progression and Q plus one Q plus two.
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So the health of the future business.
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I think in terms of for new logos, I'm living in a rolling four quarters
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forward model for
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expansion.
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I'm living in a rolling two quarters model.
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Everything that we're doing right now is having an impact on the future.
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Shane, our CRO, really gets to focus on current quarter business.
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He gets to deal with his team and make sure that we're doing the things
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necessary to get
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deals progressed and closed.
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But I'm back here pulling the levers on how are we feeding the engine?
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How are opportunities entering the engine?
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And then once they're in, what's the future look like?
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So what's our weighted or our unweighted pipeline?
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And then what's the weighted pipeline that shows me essentially how we've
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progressed the
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things that we've built.
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And so I'm surrounding the traditional sales model.
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But like I said, it makes sense because I have a lot of those levers.
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I think in terms of sales velocity is the thing that I'm trying to impact the
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most.
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And the way that I look at sales velocity is it's a math equation of the number
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of opportunities
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in a rolling four quarters model times the conversion rate times the average
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sales cost
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over divided by the sales cycle, number of days in the sales cycle.
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And that comes out with a number, a dollar amount per day for us to Euro, we're
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based
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in Germany.
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And it's not terrifically relevant to me what that number is.
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It's the trajectory, the direction of that number.
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I need that number to be going up.
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So back to why I am positioned to do this, I have those levers.
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So numbers of opportunities entering the pipeline.
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I can impact that starting backwards by quality.
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So if I'm giving the right things to the salespeople, they're going to convert
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them into dollars.
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And I own the BDR organization and all of the demand organizations.
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So moving backwards, do I have an effective BDR team that can convert leads
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into meetings
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into early stage opportunities?
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Do I have a demand team that's generating the MQLs that are going to be able to
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be converted
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by the BDR team?
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From a conversion rate standpoint is my product marketing team providing the
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tools, the information
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and the enablement to be able to drive deals forward for the sellers.
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If a deal isn't progressing, it could be the seller's fault.
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But it could be Chris Carroll's fault.
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He's our head of product marketing.
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And so he's on the hook and is tied to those numbers of specifically our
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weighted pipeline.
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Are we progressing?
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If we aren't, he feels it and he provides tools and guidance and office hours
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to help
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sellers to move deals forward.
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From an average deal size standpoint, how are we packaging?
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What are we selling?
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Is it attractive?
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Is it competitive?
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I reach all the way into product in helping to set product strategy and define
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the direction
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that we're going in to be an attractive product, to put candy out in front of
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an enterprise
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solution so that we're generating the leads and interest that will help to
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increase the
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average sales price.
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From a sales cycle standpoint, all of those rules.
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Is it the right lead?
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Are we progressing it correctly?
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Can we sell it for the amount that we're asking for?
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So all of those things play into how I measure the different departments of my
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team to be
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able to impact the sales organization and get deals closed.
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This was a thing that when our new CEO joined the company in 2020, he looked
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around the
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room and said, "One of us is going to be the head of pipeline.
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Who do you want it to be?"
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And I said, "I don't know what you're talking about, but I know that it's me.
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I know that I want it to be me because I definitely don't want it to be you.
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I don't think I want it to be that guy.
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So me."
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And we've done a lot of learning together, the three of us, our CEO, CRO, and
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me.
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And it's developed a really great system for a continually growing pipeline
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over time.
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I love it.
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That's so cool.
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It's such a cool way of framing it.
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I love this sort of the modern take on the CMO being this pipeline owner plus
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market owner.
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I love the idea of the chief market officer that you understand how the market
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is behaving
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and you understand how you're serving that market and getting people into the
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pipeline
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holistically from everything from affinity through down getting it over to
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sales.
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So I completely agree that CRO should be focused on closing this quarter.
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Just what is closing this quarter constantly 24/7, getting those reps to figure
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it out.
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And every other part of the pipeline should be the CMO.
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And provide all the support to allow him to do the thing that he needs to do
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the most.
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Because I get paid on his results.
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Let's all just understand that if we don't close deals this quarter, I am going
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to suffer.
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We are not an organization that says, "Great job on getting leads.
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Here's your bonus."
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So all of us, my demand team, the product marketing team, all tied to this
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current quarter's results.
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But we know how to get there in any given quarter.
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And we've got to do the things that help him and his team to be successful.
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And that's, I mean, the thing that I've brought in the most recently is the
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relationship that
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I have with product management and with our strategy leader and the R&D
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organization.
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And it comes from that market view that we have in the front office.
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And I'll combine our CRO and I in this.
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We see what's happening in the outside and can think about what's necessary to
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be competitive
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and drive that back into the product organization.
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And I spent several weeks last quarter over in Berlin with the back office team
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helping
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to identify how we can best work with them.
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So what do they need to see from the front office in terms of feature requests,
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enhancements
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to the product?
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How do they need to see those and how they're going to work into the process?
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Then what do we need to be competitive right now?
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And we have a very strong strategy leader in addition to the folks in product
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management
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and R&D that have been here for a long time and really understand the product
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to be able
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to turn on a dime and add new features that to me represent, like I said
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earlier, the
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candy that draws people in.
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We're an enterprise content governance solution.
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So it feels kind of like medicine.
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Like, I need to tell you that you're sick and show you and make you believe me.
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And then I need to introduce a medicine that you've never heard of as the thing
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that's
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going to make you feel better versus something like Grammarly, where it's just
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a big bowl
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of candy and it doesn't actually do a lot and it's not really great for you,
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but everybody
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knows that it's candy and they're all coming to take it.
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And how do we, as an enterprise SaaS business, incorporate some of that candy
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into our offering?
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And that's something that, you know, I don't think traditionally the back
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office thinks
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about.
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They think about the functionality and the features that are going to drive the
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platform
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forward.
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And they think in terms of like multiple years of view, they have a long term
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view on the
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success of the product.
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I have a view of today.
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Like I know what I need to see in the product right now to be successful and
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how we compete
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in the world that's changing around us.
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Being able to bring that into it is just another view of this whole thing.
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All I'm trying to do is generate pipeline.
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It all comes back to that wherever I'm touching.
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And it's a really interesting place to play.
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Let's get to our first segment.
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The Trust Tree, this is where we go and feel all that's interested.
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You can share those deepest, darkest marketing and pipeline secrets.
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Let's dig into the customers.
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What types of customers do you serve and what types of companies?
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So we sell to the top 2000 companies in the world, specifically in technology,
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pharmaceuticals,
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financial services and manufacturing.
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And what does that buying committee look like?
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It's different in every group.
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So the use cases inside those businesses fall into technical documentation and
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product manuals
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into marketing and then into service and support.
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So it's different in each one of those.
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Marketing is obvious because it's going to be somebody in digital marketing
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primarily
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that understands the problems that they're having, developing content to fuel
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their demand
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engine.
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They're driving towards conversion as their goal.
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So if conversion isn't happening, then I need new content.
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I need a new campaign and I need different conversion.
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So when we get in front of those folks, we can talk to them about how it's not
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new,
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it's optimization.
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We can help them identify their best content, create more content that looks
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like that, optimize
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everything that they do and convert.
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So that person's going to take us up ladder to their VP level.
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We are unlikely in a marketing organization to have a conversation with a CMO
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because
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this falls somewhat below what at least I would be looking at.
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But that VP of demand organization down into digital leadership directors and
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such are
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the ones that are coming together to make that early decision and then bringing
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in IT
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and InfoSec because we are touching critical private data to drive through to
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the purchase
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of the product.
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On the tech doc side, it's different because we're likely to run into somebody
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that does
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this for a living, somebody that's an editor in the technical documentation
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space that
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lives in a world of editorial process.
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And that person doesn't have access to the business buyer necessarily.
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Business buyer in this case would be somebody that owns product development.
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No, three levels down is a product documentation person.
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So that runway is a little bit longer because we have to help enable that
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person to buy
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software.
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They're not traditional software buyers, but they see the value of what we do.
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And interestingly, I would say 60% of our opportunities fall in that area.
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So that's the legacy of our business.
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And we still continue to see new business in that area.
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It just takes a smidgen longer than when we can build a firm committee in the
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marketing
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organization.
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And what would an example of something like that be?
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Is that someone like a Michelin or somebody that is going to need to do tons of
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content
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for their products that are getting out there in the world?
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What does that look like?
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What types of companies would that be?
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It could be any of your big semiconductor companies, any of your big internet
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social media companies,
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the biggest software companies in the world who have millions and millions and
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millions
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of pages of documentation.
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And what our product does is from a live author guidance standpoint helps
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individuals write
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like the business.
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So clarity consistency character.
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It's going to be terminology, style guidelines, tone of voice, inclusive
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language, emotion,
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all the things that make their content theirs.
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For the organization, the broader governance model, we automate.
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So think TSA checkpoint.
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We're the TSA checkpoint of content inside a big business.
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So all content goes through.
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Some of it has already been checked either in our product or some other product
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and meets
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the guidelines of the business.
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And it's going to go right through.
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Some content is going to have a water bottle in its bag and it's going to get
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pulled and
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it's going to be flagged and it's going to be corrected.
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So there are multiple ways to correct from an automation standpoint.
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You can automate with generative AI now.
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That's one of the things that our product does.
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But in the case of most of our customers, because these are the biggest
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companies in
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the world who care about the words that they say, they want to take that back
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to the original
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writer, give that guideline, that call that guidance to that original writer
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and let them
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make that change.
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From there, I'm able to then see how my documentation is performing.
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So is it useful to the audience?
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Is it clear?
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Is it solving problems?
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That's where we start to see a shift from end results in product documentation
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to end
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results in product support.
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So we jump all the way to the end of the process from the beginning, creating
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and documenting
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to the end, service and support.
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How are my docs working?
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Is it solving problems before people call in?
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Because if it is, I'm saving a lot of money on phone calls and I can take all
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my phone
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desk and turn them into content creators and solve more problems through
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content.
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If it's not, I'm paying a lot of money for my phone desk.
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So all of that ties together to the overall ROI of what we're selling.
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What is your marketing strategy?
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How does your pipeline strategy fit into that?
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Sure.
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So we still think, I mean, I look back pre-pandemic and our best results, we're
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getting very
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hyper personalized.
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We know who we want to sell to.
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So if we're going after, I don't know, I'll pick somebody that's not a customer
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If we're going after Ford, I can figure out down to the name who I want to talk
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to it
19:08
for based on who we've sold to at other major car manufacturers.
19:13
And because I'm not shotgun blasting this organization, I can get very targeted
19:22
and understand
19:23
the people more than just the persona.
19:25
Like I get what you do, but I also want to know you.
19:28
And a very generic version of this is I would know where you went to school and
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I could talk
19:32
to you about your college experience.
19:35
For me, when I do prospecting, because I do, because I like it, I'm in a
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community.
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Some people call it a cult.
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You could judge, but I'm a crossfit athlete.
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I'm a crossfit coach.
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And so if you have CrossFit in your link--
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Definitely a cult.
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Yeah.
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Fair enough.
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But if you have CrossFit in your LinkedIn profile, again, definitely a cult,
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you and
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I are probably friendly.
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So if I can find that, if I can use LinkedIn Navigator and identify people that
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I'm looking
20:09
to talk to that have that in their profile, then the email is simple because
20:13
CrossFit.com
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has your games account.
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If you've ever done the open, you're in there and you have a number and all
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your scores.
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So I'm going to pull yours.
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I'm going to put mine.
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My email is simple.
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If this is you, good news, this is me.
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And if that's us, we're friends.
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You know this.
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So as friends, I'd like to tell you what I do for a living.
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And that gets 75% conversion rate.
20:37
So it's hard.
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Not everybody has the benefit of being in a very easily identifiable cult.
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But find that.
20:44
And that's what we've pushed into our BDR organization.
20:47
That's what we've pushed into our demand creation process so that we can enable
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the
20:51
team to do that kind of research, have that kind of connection, put something
20:55
on the
20:55
desk of that person.
20:56
It's much harder now because people don't go to work.
21:00
So when I knew you were going to come to an office every day, I knew how to get
21:03
you.
21:03
When I have to ask you now, I want to send you a package key.
21:08
Let me have your home address.
21:10
I don't, A, it gives a person the opportunity to say, oh, I'm being sold to.
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No, I'm good.
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I don't need your thing.
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But also, no, you can't have my home address.
21:20
That's weird.
21:22
And so the process has gotten harder, but we continue to think around the
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process of how
21:27
do we continue to be that targeted to show people that we know who they are and
21:32
get that
21:32
initial conversation?
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Because I know that if I can get that initial conversation, this is going to,
21:38
at a very
21:38
high rate of conversion, become a deal.
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If we tell you about our medicine, you'll realize that it solves your problem.
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One is that you weren't looking for medicine.
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So our organic lead flow is not where I'd like it to be.
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That's the thing that we're working on now as much as possible.
21:57
As a smaller business, you know that people don't like to spend money on
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awareness.
22:02
But that's a thing that we've turned on in the last year.
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Even now, when everybody's budgets are super tight, I'm still paying for
22:08
awareness because
22:09
that's important to our growth.
22:13
Any other thoughts on marketing strategy before we go to the playbook?
22:18
ABM is new.
22:21
The Operation Rubber Chicken was essentially ABM, but we call it direct mail.
22:27
Yeah, I mean, it's crazy.
22:30
Obviously putting different parameters around these things and defining them
22:36
and what's old
22:37
is new again.
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That sort of stuff always takes place.
22:42
It is the explosion of channels and places to find people and find information
22:49
and all
22:50
that sort of stuff is so much more complex than it was back then.
22:54
That your barrier to entry might be a little bit harder now, but like you said,
23:00
that personalization
23:02
or that human connection and authenticity is always going to win the day.
23:08
It does.
23:09
I think that there's so much that you can learn from the signals that you get
23:14
back from this
23:15
outreach and how do we use, if that's a simple view of what the signals are
23:20
that we can get
23:21
from the things that we do, how predictive could we get?
23:26
By sending out learning what content does what and what impact we expect it to
23:30
have
23:30
and what results we should be able to collect to be able to create a predictive
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model of
23:34
what's happening and what's not happening.
23:37
Really.
23:38
With the increase in AI in the world right now, this starts to get easier and
23:42
it starts
23:43
to get more predictive so you know and can target where you should be spending
23:46
more of
23:47
your time based on those signals.
23:50
This can continue to get better as we go, but already where we are is just
23:54
helping us
23:55
to know where to spend time.
23:57
You think this is good?
23:59
The system thinks this is good?
24:01
It might be good.
24:02
You think it's good.
24:03
The system thinks it's junk.
24:04
You need to validate.
24:05
You need to show me why you think it's good because predictably it doesn't look
24:09
like it
24:09
is and then everything in the middle.
24:12
It just starts a new kind of conversation.
24:13
All right, let's get to our next thing with the playbook.
24:17
We talk about the tactics that help you win.
24:20
What are three channels or tactics that are your uncuttable budget items?
24:25
Our partner channel right now.
24:26
So this is the thing that we've put investment in over the last couple of years
24:30
Prior to great team, put them in place and while it continues to grow, the
24:37
early results
24:38
for the spend are huge.
24:42
So continuing to invest in that area matters.
24:46
The leads that come in, the deal registrations that come in through our partner
24:50
's channel,
24:51
close faster and close easier.
24:53
Did you start with like one partner and get it really great?
24:56
Did you start with a one or two or did you start with a bunch and then how did
24:59
you go
25:00
about doing that?
25:01
Well, the business, I mean, so we've been around for quite some time and there
25:04
's been
25:04
a lot of companies that we've worked with and that have worked with us over the
25:09
many
25:10
years the business has been here.
25:11
But the difference between then and now is the focus on the one and one equals
25:17
three
25:18
relationship that we're having with the businesses that we work with.
25:21
Now, businesses like MHP, which is a services organization owned by Porsche or
25:26
Hitachi in
25:27
Japan or RWS where there's real value in the two companies working together
25:34
that goes
25:35
well beyond small technical and marketing relationships.
25:41
Like I love to put together, you know, quick marketing partner deals so that we
25:45
can go
25:46
out and co-market together.
25:47
But those are what they are, they're marketing and we're going to get some
25:51
leads out of it
25:51
maybe and they're going to get some leads out of it.
25:53
But we don't really work together.
25:55
Versus crafting a product and an offering and a point of view.
25:59
So we identify as a content impact platform and we meet MHP over in Germany.
26:10
Again services organization owned by Porsche and they have partnered with us on
26:16
the concept
26:17
of content impact and they've created a content impact program and analysis and
26:23
the ability
26:24
to go out and sell into that space on their own and then incorporate in our
26:28
product which
26:29
is a unique enabler to reach content impact.
26:34
That's what we're looking for.
26:37
Partners like Hitachi who are going to help take us to market in a much broader
26:40
way in
26:40
a region where we have some success but not all success, specifically in Asia
26:45
and targeting
26:46
Japan.
26:47
These are big exciting partnerships or sales force where we have a very
26:52
exclusive role as
26:54
the only product that does this kind of content governance inside sales force
26:58
knowledge within
27:00
the product.
27:01
So incorporated into that.
27:03
There's nobody else that does it.
27:04
So we're very differentiated in that space and sales force sellers get the
27:09
benefit of
27:09
getting paid on our deals.
27:11
And yeah, fantastic.
27:14
So these are the things that didn't exist two years ago that are now driving
27:21
measurable
27:22
pipeline and deals.
27:24
So continuing to drive into this channel as something that is in the DNA of our
27:29
business.
27:31
I mean, partner marketing has always been part of marketing but those partner
27:36
relationships
27:37
are much more strategic and it's interesting to hear you talk about sort of
27:42
like the impact
27:43
of, you know, to pipeline obviously partner ecosystems driving tons and tons of
27:48
revenue.
27:49
I mean, I think sales forces ecosystem is for every dollar they make the
27:53
ecosystem makes
27:53
it like four or five.
27:55
It's crazy.
27:58
So clearly that stuff works.
27:59
It's interesting hearing you say it from a pipeline perspective as a CMO rather
28:04
than like
28:05
the CRO saying it or, you know, or like you said, those sort of one off more
28:10
partner marketing
28:11
type plays.
28:13
Ah, ah.
28:14
Strategy.
28:15
But therein is the thing.
28:16
I was saying it is the chief pipeline officer.
28:20
And to be fair, I mean, and I kid, but I don't because if I was just
28:24
responsible for marketing,
28:27
they're a competing channel.
28:31
So if all I cared about was my piece of the business and generating marketing
28:35
led leads,
28:36
that would be a challenge.
28:37
But we don't think that way.
28:38
And interestingly, we've gotten pressure to report on the question has always
28:44
been, well,
28:45
who's generating the leads?
28:48
And we honestly don't think that way or report that way.
28:51
There is no sales did this, marketing did this channel did this because we're
28:56
all doing
28:57
all of those things.
28:58
If sales generates a lead, they generated it with a most likely with a cadence
29:03
that was
29:04
built by somebody in marketing that's running in sales loft.
29:07
If we do an event with a partner through the partner channel, the partner
29:11
marketing people
29:12
have worked with our field marketing organization to build out that event and
29:15
make that event
29:16
successful.
29:17
Nobody's touching anything by themselves.
29:20
So unique in the point that I don't think in terms of division, when I got here
29:26
, it was
29:27
60 40 marketing generate 60% of pipeline sales creates the rest of it.
29:33
And that in my opinion is toxic because then you've got everybody competing to
29:38
try and
29:39
get that sellers are holding on to everything that they do because they need to
29:42
show their
29:43
value in the pipeline creation process.
29:46
We got one number.
29:48
I know what that number is.
29:49
And I sitting here as the pipeline person don't care where it comes from as
29:53
long as we
29:54
get there.
29:55
And now let's use all the tools that we have.
29:57
Okay, second uncuttable.
30:02
It's been recently my BDR organization.
30:06
And we've tried to.
30:07
Like I've looked at outsourcing.
30:09
I've looked at other ways to convert the interest in the leads that we create.
30:15
But our BDR organization has continually stayed good.
30:20
Now, I think one of the things that's interesting is that when I got here,
30:25
there were two BDRs
30:26
that were hired the same time that I was, I think we onboarded together.
30:30
And that was the whole BDR team.
30:32
They reported into sales and they were, sorry guys, wildly unsuccessful.
30:40
And I have a thesis on why.
30:42
And it's because if their job is to turn interest into meetings, they didn't
30:49
create
30:49
the interest and it's easy for them to push away from that, try to do their own
30:54
things,
30:55
not be accountable to the process.
30:58
When our CRO joined the company, one of the first things he said was, would you
31:03
prefer,
31:04
he needed to come in and grow a sales organization?
31:06
Would you prefer to have the BDRs?
31:08
Well, hey, if you wouldn't mind, see how cordial we are.
31:14
But yes, I'd be happy to take the BDR organization.
31:16
And we saw that team dramatically shift because marketing's using the BDRs as
31:23
the litmus test
31:24
for everything they do.
31:25
They're the filter through which I get my ROI.
31:28
If I don't own that function, if I don't make that function better, it's very
31:35
difficult
31:35
for me to prove success from an actual pipeline creation standpoint.
31:41
When we brought them in, we enabled them.
31:43
We built them all their content.
31:45
We helped them with all of their email cadences.
31:47
We provided them with all the direction on the way that they would run their
31:50
program,
31:51
spend their time, the touch model that they were going to work through,
31:54
everything they
31:55
needed to be successful, and then we supported them all the way through the
31:58
process.
31:59
And we went from 3% contribution to pipeline to 78% contribution to pipeline in
32:03
two quarters.
32:05
Wow.
32:06
Because we were creating, my marketing team is amazing.
32:09
So they're creating real interest in real leads.
32:12
But we had this little tiny function that lived inside sales that didn't care
32:17
about
32:17
that at all.
32:19
And so nothing was converting.
32:20
Nothing was moving through.
32:21
So I'm spending money over here to get no benefit over here.
32:24
If I own the middle, I can guarantee we're going to get through.
32:28
Now, and what you're going to say is, cool.
32:31
But then the sales organization, how do you handle that handoff?
32:36
We've pushed our compensation model for the BDRs and the whole demand team into
32:40
the discovery
32:40
stage, which we don't own.
32:43
The first thing everybody gets paid on is when something makes it to, I'll call
32:46
it an
32:46
SQL, we don't call it that.
32:49
Once something is sales qualified, folks get paid.
32:52
But they get their real money when it moves into discovery.
32:54
So it becomes a valued pipeline item.
32:58
We don't do either of those two things.
33:00
Sales does that.
33:01
So we've built a level of trust between the BDR, the marketing organization and
33:05
the sales
33:06
team to say that we think we're giving you quality.
33:09
We're going to prove that we're giving you quality by putting our paychecks on
33:12
the line
33:12
with you.
33:13
And that's created a frictionless handoff process.
33:17
Yeah.
33:18
It's just way, way easier to track the actual results of the things that drive
33:23
value rather
33:24
than tracking the stuff that doesn't drive the value.
33:31
Absolutely.
33:33
I think you can probably look at it a little bit more data-driven as a CMO or
33:41
as a G5
33:42
pipeline officer than you could as a CRO perhaps.
33:46
I think that the right CRO would look at it the right way, but I have a number
33:50
that's
33:50
associated with them.
33:52
And if they're doing it, then we're cool.
33:54
And if they're not, we need to fix something.
33:57
But it all ties back to the amount of discretionary spend that I'm putting into
34:00
my marketing organization.
34:02
So whatever goes in the engine needs to come out.
34:04
And if it's not coming out, we have a problem that we can solve.
34:07
We're uniquely positioned to solve it.
34:10
If it lives anywhere else, they'll solve the problem some other way.
34:16
So if it's living in sales and nothing's coming through the BDRs, it's not
34:21
incumbent
34:22
upon the CRO to optimize the BDRs for the leads that are coming in.
34:27
They're going to find a different thing for them to do.
34:29
They're going to smile and dial and go play on LinkedIn.
34:33
And so then anything that I'm spending is just going into the garbage.
34:37
So eventually my budget's going to go away because I can't prove any value
34:42
because nothing's
34:42
coming through this channel.
34:44
I have to be able to optimize that.
34:46
Yeah, I call it finding Nemo marketing.
34:50
All drains lead to the ocean.
34:51
Right?
34:52
Every single drain's got to go to the AE because that is where the money is
34:56
made.
34:56
So it's like, if it's going anywhere else, what are we even doing?
34:59
Why are we even doing that?
35:01
All right, third uncutable budget item.
35:03
So I'm going to not say demand gen team because that's obvious.
35:09
But I think assuming they're there is the content process.
35:14
It's the content that we're creating to drive this whole engine.
35:17
And I'm not saying that because we are a content business, whether it's here or
35:22
in my
35:22
last several experiences, content has been the big differentiator.
35:28
So an example that I would give is at my last company, we were a mobile cloud
35:31
testing
35:32
business.
35:33
And I think big banks want to test on all the devices that are in market for
35:39
their consumers
35:40
on any given day.
35:42
We have a data center, a series of data centers all over the world filled with
35:46
actual physical
35:47
devices that they can test over the internet.
35:50
So they load their apps and they can build automation on top of those and run
35:55
them.
35:56
Content marketing helped change the average deal size of that business from
36:01
under 100,000
36:03
to a half million to 1.7 million.
36:06
And it was we developed a magazine, a quarterly magazine that became the
36:12
expected deliverable
36:15
quarterly by all of our customers and the market.
36:18
It's called factors.
36:19
And what factors did was lay out all the devices that exist right now that are
36:24
in use by region,
36:27
by industry and by consumer demographic.
36:32
And in the back of it, it would go on to show what percentages of testing
36:37
coverage represented
36:39
based on a number of devices.
36:41
So we could have a conversation and I can say, Ian, you are the head of mobile
36:44
application
36:45
development at Bank of America.
36:48
How many devices do you think you want to test on it?
36:50
And you would say, you know, I'm thinking we could probably do this on about 15
36:54
devices
36:54
right now.
36:55
It's based on a couple of Android's, a couple of iPhones.
36:58
And our sellers would pull this thing out, flip, flip, flip, flip, flip, flip,
37:04
put it
37:05
in front of you and say, okay, so what you just said is you were a bank.
37:08
So we're in the bank system.
37:12
You said 10 to 15 devices.
37:14
Okay, that's 20% test coverage.
37:17
Are you a 20% test coverage business?
37:18
No, I said I was Bank of America.
37:21
Okay, well, where do you feel comfortable from a task coverage standpoint to
37:25
protect the
37:25
business's reputation?
37:28
80?
37:29
Okay, that's going to be 150 devices across these configurations in these
37:34
regions.
37:35
So we're going to need multiple data centers to be able to run this program so
37:38
that we're
37:39
making sure that we're hitting the right regions and the right devices in the
37:42
right places.
37:43
Does that sound more like the business you want to do?
37:46
And when you have that kind of conversation and when you're talking to the
37:49
right people
37:50
and showing them this right in front of them in a nice pretty published
37:54
magazine, it seems
37:55
very real to them.
37:58
So content marketing is huge.
38:00
If you can do it right, actionable content, here's so many issues.
38:05
Content means 50 things to 50 different people at this point.
38:09
And so it's a very difficult thing to look at, but content marketing, I think,
38:16
in B2B needs
38:17
a little bit of a refresh to understand how it drives strategic pipeline to the
38:24
business.
38:25
And it's cool to hear that type of story, which is so, so tactical.
38:30
How do you view your website through a browser?
38:35
So who do I not want to have listened to this answer?
38:41
Our website is largely informational right now.
38:46
It is far less of a conversion engine than I would like it to be.
38:50
I feel like I've said that enough internally that it's not news.
38:54
I mean, I think every single CMO on the planet feels that way about their
38:58
website.
38:59
It's always an evolving process.
39:01
I think we all know that.
39:03
Because we still need to explain what we do, we need that informational web
39:10
portal for people
39:11
to come and understand what we do.
39:15
Our primary call to action is let's talk about this.
39:19
Those are our best leads, but that's our only major call to action.
39:24
Until recently, we have a couple, I mean, we have lots of landing pages that
39:28
accompany
39:28
our campaigns, but I don't count those as the website.
39:32
They're transient and they're specific.
39:35
People that come to Acrolinks.com are hit with a lot of information, a lot of
39:41
actionable
39:41
content, videos, podcasts, webinars.
39:47
I'm going to boil it down to a single call to action, which is let's talk about
39:53
this.
39:53
If I had my way, I don't need it to have a button on every corner of every page
40:01
above
40:02
the fold everywhere, everywhere.
40:03
Touch, touch, click, click, click, click.
40:07
We do get a lot of traffic.
40:08
I would like to find ways to get more out of what we have today.
40:13
What about something that maybe is your most cuttable budget item or something
40:19
that's maybe
40:20
not working or fading away?
40:23
We're struggling with direct mail right now, which has been, like I said
40:26
earlier, very
40:27
successful for us, but it's getting harder to find people.
40:30
There are people within our teams that still use it and use it very
40:34
successfully.
40:35
It's still an interesting tactic, but it wouldn't kill me to cut it because
40:40
when you look across
40:41
the sales organization, we've given every seller a budget, individual budget,
40:46
within
40:47
we use postal, and they're not able to use it.
40:52
I'm not going to say they're not using it.
40:53
I think they would love to use it, but they're not able to use it.
40:58
It's a shame because before the pandemic, that was number one.
41:02
That would be the uncuttable thing is we need to put things on people's desks.
41:09
As a specific tactic, that's challenging.
41:18
That and events, it's so dynamic.
41:22
It's so fluid now with people being in their homes.
41:27
It's both terrifying and a very exciting time to be marketer.
41:30
It is.
41:31
Events is the number two thing on that list, by the way.
41:35
I know it's that everybody, it's things, their utility changes very
41:42
interestingly when
41:44
people are at their house and set up an office.
41:47
No kidding.
41:48
All right, let's go to our final segment of Quick Hits.
41:50
These are quick questions and quick answers just like how Qualify.com helps
41:54
companies generate
41:55
pipeline quickly to have your greatest asset, your website to identify your
42:00
most valuable
42:00
visitors and instantly and I mean instantly start sales conversations.
42:05
Quick and easy just like these questions go to Qualify.com to learn more.
42:10
Quick hits, Chris, are you ready?
42:12
I certainly think so.
42:15
Number one, what's a hidden talent or skill that's not on your resume?
42:19
I used to play guitar.
42:22
I'm a beekeeper.
42:23
Oh, beekeeper.
42:24
That's pretty good.
42:25
Do you have a favorite book, podcast or TV show that you'd recommend?
42:31
I'm a Harry Potter person.
42:33
Love it, me too.
42:34
Do you have a favorite non-marketing hobby that might make you a better market
42:41
er?
42:42
Well, I mean we already talked about the CrossFit Coach thing but I think that
42:46
definitely helps.
42:50
If you weren't in marketing, what do you think you'd be doing?
42:55
If I could do it over again, I'd probably be in sales.
42:57
What advice would you give to a first time CMO?
43:01
Try to figure out their marketing strategy.
43:05
Start at the top, figure out what the top level strategy is and build down from
43:08
there.
43:09
Don't try and start at your tactics.
43:11
You are also a podcast host of a podcast called Word Birds.
43:17
Can you tell us?
43:18
What's the favorite episode that you've done?
43:22
This season, there's been some interesting ones.
43:24
I didn't know where they were going to go but my favorite episode this season
43:27
has been
43:27
with HP Enterprises because I was speaking with the person that does content
43:31
for their
43:32
customer experience center out in Austin, Texas.
43:36
They're sending people up to the International Space Station to film experient
43:42
ial video that
43:43
people are coming to Texas to view through VR goggles to get a feel of what it
43:49
looks
43:50
like to service HP equipment on the Space Shuttle.
43:54
Wow, that is some pretty cool content.
43:58
We'll have to link that one up in the show notes.
44:02
Chris, that's it.
44:04
That's all we got for today.
44:06
Absolutely awesome having you on the show.
44:08
For listeners, you can go to Acroblinks.com.
44:11
Check it out, especially if you're in marketing.
44:13
Definitely check it out, which I mean, that's a run of listens to the show.
44:18
You got a solution stab, just click on the one this is for marketing.
44:21
Chris, any final thoughts or anything to plug?
44:23
Nope, I think that's it.
44:24
Come to www.acroblinks.com.
44:27
Happy to talk to any of you.
44:30
Awesome.
44:31
Thanks so much.
44:32
Take care. [music]
44:38
(jazzy music)