Megan McDonagh shares how Amperity is harnessing the power of their first-party data to retain and acquire customers and solve specific persona pain points.
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[MUSIC]
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Welcome to Pipeline Visionaries.
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I'm Ian Fais on CEO of Cast Mein Studios.
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And today we are joined by special guest, Megan.
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How are you?
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I'm good.
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How are you?
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Thanks so much for having me.
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Thanks so much for joining.
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Really excited to chat into all things in parody today.
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And of course, your background.
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So let's get into it.
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How the heck did you get started in marketing?
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I've always been fascinated with marketing ever since I was in,
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I don't know, probably high school and thinking about what I want to do in
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college.
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And I was actually a marketing major and undergrad as a business major with
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an emphasis in marketing and kind of started off my career by,
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an entry level marketing jobs and moved my way up.
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In between there, I got an MBA, which again,
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another focus on emphasis on marketing.
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But I've kind of always been fascinated with how humans behave and
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how you can message and influence them to drive to your brand or
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have them be interested in the products that you're driving.
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So it's kind of always been a lifelong passion that I've had and
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kind of always been tied to around a marketing role in my career history.
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So flash words today tell us about what it means to be CMO.
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What it means to be CMO.
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So now I'm kind of in charge of the buck stops with me on all things marketing.
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So I had several jobs amongst my career where I had a very deep focus in a
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certain
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area.
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And as a CMO, you kind of have to be the specialist in at least a certain
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level of knowledge in all of the functional areas, right?
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And I have to also make sure that everything's tied together and
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everything works together.
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It's different being, in my opinion, being the CMO of a B2B company,
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where I tell my team all the time that it's our job to make the sales team's
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job
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easier.
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>> Yeah. >> So everything we do on a daily basis
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makes the sales team easier.
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In fact, we just had a sales conference and a sales kick off.
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And our entire theme of our marketing presentation was, hey, sales, we have
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your
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back, marketing out your back, everything we do.
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And that's the kind of the filter that we evaluate things through is, is this
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going to actually help the sales team's job to make it easier?
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If not, then let's not do it.
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So that's a very kind of macro way of us viewing or
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evaluating things, different ideas that we come up with.
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>> Let's go to the first segment, the Trust Tree, where you go and
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feel honest and trusted and share those deepest, darkest demand, gen, and
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marketing secrets.
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Tell us a little bit about Imparity.
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What does the company do?
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>> So Imparity is a customer data platform company.
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And so if everyone's probably like, what does that mean?
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We actually help B2C brands unify and
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stitch together their first party customer data to make it really effective and
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efficient.
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So it actually can help retain and acquire customers.
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It can help the analytics team better analyze the effectiveness of different
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programs that are running and the ITEM to really gather and
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implement, pull together all the data that they're within the company.
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So most of the time, let's take for example with the marketer.
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They're trying to evaluate who is our most valuable customer.
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Well, how do you understand that and know that if you don't truly know who your
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customers are, right?
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You have data coming in from offline sources, maybe it's transactional from the
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store.
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You have your online sources with your e-commerce, maybe it's your loyalty
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programs.
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But how do you know if that data is not all unified and
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stitched together?
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Unless that's done, it's really hard to understand how to build really
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effective marketing programs.
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So the biggest challenge is we have three different audiences that we have to
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make sure we keep up to date with, right?
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First you have the IT persona that is usually in charge with managing a lot of
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the different data feeds that are coming into the company, or
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that the company has in which customer data sits in.
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And then you have the analytics team that's in charge of making sense of all
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this data.
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How do we analyze and understand what's happening in the business and
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what are the most impactful things that the company's doing and what are those
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trends?
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And you have the marketing team that's in charge of how do we actually retain
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and
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create great experiences and actually acquire new customers.
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And ideally you want to acquire customers that are similar to those that
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are your most effective customers.
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So there's a lot of different challenges on the way that we have to
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think about our marketing strategy.
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And so we're, and each one of those three audiences are all experiencing
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different pain points.
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And so you can't talk them all in the same way.
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Like what a marketer really wants to hear is very different than what an IT
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wants to hear, the different than an analytics team wants to hear.
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So we really have to think about what is the pain point of that audience?
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Where do they show up within the marketing channels?
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What kind of information are they looking for?
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How do we communicate that we're solving their specific persona problem?
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So it's kind of multi-dimensional of things that we have to think about,
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which can create some complexities.
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So we have to kind of break it down and think about our approach from who we're
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targeting, what problem are we solving, and then what size company are we
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talking to?
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So we can kind of really narrow in and focus on that target audience and
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making an impact.
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>> So looking at those three audiences and those three sort of personas,
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how do you build your overall marketing strategy that impacts those three?
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And where does sort of pipeline generation or
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demand gen fit into that?
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>> Yeah, I mean, that's a really good question.
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We try to think about within each of those audiences,
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what's the biggest pain point?
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And what does our product do in order to solve that?
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And we develop campaigns that are specific to those particular personas.
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If you think about the buying group of a product like ours, right?
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It's an expensive annual investment to buy our product.
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So we're really thinking about what's the right way in?
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Like who's going to actually engage with our message?
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And start going down the cookie crumbs or the rabbit hole that we're pulling,
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that we're pulling that particular persona down.
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Once we start getting into the sales cycle,
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we know that the buying committee is much larger than just the persona that we
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are actually tapping into.
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And so we have to think about things or what are each of these audiences
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going to relate to at the top of the funnel?
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And how do we start pulling them in?
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So some of that is we can think about looking at some search terms to say,
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what are the most common search terms for our particular ideal customer profile
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And what are they searching for?
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And how do we relate to those through the different audiences?
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And how do we build the right messaging and content around them?
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So we can capture them in the right places within the funnel and pull them
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down into our nurturing process to make sure we're educating them.
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It's a complex product.
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So we're not selling a pair of tennis shoes, which may be a little bit easier
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to communicate.
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There's a lot of education that has to happen.
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If you think about the customer data platform category,
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it's incredibly complex and it's very, very crowded with a lot of companies
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that, at least from our point of view, are not full CDPs from end to end.
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They deliver different value to the customer, but not quite the comprehensive
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value that our product delivers.
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But we have the extra challenge of not only having three different target
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audiences.
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We have a category that's very complex with messages that are all over the
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place.
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And anybody shopping for a CDP is naturally very confused as to what to choose.
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And so we also have to add in a layer of education and making sure that we are
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educating those three different personas on what's our definition of a CDP
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and what value do we deliver comprehensively across the category?
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That's going to actually help them make money, save money, and be much more
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efficient
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as a company, which every company is trying to do those three things.
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So we have one layer of a campaign that's what is a CDP that can kind of relate
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to multiple audiences,
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where we really help educate them on what is our category,
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and how do we help you kind of just wade through all of the information that
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you need to
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by highlighting the things that you should really care about.
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And then we have individual campaigns to each of those audiences that are
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addressing their pain
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and showing how we solve that particular problem.
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One of the newer initiatives that we're driving is around how
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amperity by unifying your customer data. You can actually send those unified
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really
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accurate and comprehensive profiles directly to a Facebook, an Instagram, a Tik
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Tok, a Crideo,
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a trade desk. And actually what we're seeing is really incredible
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match rates better than you've ever seen that we've seen before.
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And the brands have been telling us this, as well as reduction their customer
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acquisition costs,
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and a really strong increase in efficiencies in the campaigns that they can run
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against these
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audiences. Because you're taking these comprehensive profiles with your first
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party data,
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and you're no longer relying on the third party cookie graph to actually find
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those audiences.
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So we call it as owning your own database
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allows you to be much more effective than renting databases or audiences like
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you have before.
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Where you've called up your media agency and said, "Hey, this is the target
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persona I need to find."
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Instead, you're saying, "Here's our highest value customer. Here are the
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customers that we know
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are shopping with our brand, not only find them within your media database, but
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actually
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build us look-alike audiences based on the first party data that we are going
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to send you."
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And so we at least send the anonymized first party data, not the actual people
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's names,
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obviously. So that actually helps brands acquire customers that they actually
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have not been successfully acquiring before because that third party cookie
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data is diminishing
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day to day. It's getting worse and worse and harder to find. So we're now
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having a lot deeper
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conversations with the CMO and the paid media side of companies, as well as
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agencies who are
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trying to help deliver constantly, increase the value that they're delivering
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to their clients
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by helping them use their first party data instead of renting, as we call
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renting the audiences as
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they have before. Yeah, it's such an interesting time for your product because
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there's this
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gigantic thing that happened to the industry. That's this a huge lightning bolt
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that forces
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behavior to change. You kind of aren't fighting organizational change pre-pand
13:16
emic when IT was
13:19
fighting up a hill on things like remote work or video conferencing or whatever
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. And then all
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of a sudden they're like, "Okay, well, pull off the band aid, we're doing it
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now." So some of the
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brands that we work with, we have a lot of really great brands and case studies
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that we publish on
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our website. Some of the brands we work with are very forward thinking and they
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're kind of ahead
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of the curve. But there's a lot of, there are brands that are, they're nervous.
13:45
They're like,
13:45
"What do we do? This is how we've always worked before." Right? We're using a
13:50
webinar agency and
13:51
renting our database and finding our audiences and seeing great return on
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investment. And when
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those things start to erode, it's, people are very nervous and what do I do?
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And so what we're
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trying to do is educate them saying, "It's okay, we have your back. First party
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data is your new
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current, this marketing is new currency. And it's the way that you're going to
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be successful long
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term. It's just a matter of like, how quickly is that cookie graph going to go
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away? We're already
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seeing it, right? You know, with, especially with iPhone users and you get the,
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you know, the
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notification, do you want to opt in to be followed? And most people are saying,
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"No, don't follow me."
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And with some of the privacy laws, especially as they're rolling out across the
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US, starting with
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California, now Virginia, and others, those privacy and consent is becoming a
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really important
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factor that brands have to understand. And by owning your database and being
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able to control it,
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and being able to unify it and understand, "Oh, this is my, you can actually
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create a segment saying,
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these are, this is my segmented audience who has not given us consent to do
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anything,
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you know, it's very limited. You can almost suppress those audiences saying,
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let's make sure we,
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we are very careful not to, not to do anything with them. But then you also
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know the audiences
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that have given you consent that you can actually talk to and engage with. And
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that gives brands a
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lot of data confidence to make sure that they're following all the guidelines
15:20
because nobody wants
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to, you know, everyone wants to avoid any kind of, any kind of issues with,
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with privacy or consent.
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When we're talking to, when we're building shows when Caspian is working with
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our customers to,
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to build a podcast series, one of the things we always sort of like dive into
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those personas,
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and oftentimes, you know, the sort of first instinct is like, "Well, let's make
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a show for all three of
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these." And then you sort of realize, "Okay, nobody kind of, whatever, listen
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to that." And so you
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really have to dig in on, on segmenting those audiences, making something
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special for them.
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And I'm curious, like, do you think about those three audiences, like segment
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ing them with like
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your dollars? Do you think about segmenting them with like your team? Like, how
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is your marketing
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team structured around those audiences? How do you think about it, you know,
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from a marketing perspective?
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Yeah, that's a good question. You know, our product marketing team, we have a
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specialist that
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is, "Okay, you own the marketing audience. Someone that owns more, is more a
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little bit more technical
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and owns the technical audience. As far as our paid media, it kind of depends
16:22
on what the initiative
16:23
that we're running. For example, and it's kind of evolved over time. As we add
16:29
more and more features
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to our product line, or to our overall, you know, product packaging, we're able
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to have different
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conversations with different audiences. Historically, we've had better
16:47
engagements with the IT and
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analytics side of the house because they understand the messiness of data and
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what's causing and
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how it's causing problems. And the, you know, marketing will say, "Oh, that's
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IT needs to,
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you know, marketing will ask IT to kind of help us figure out all of our data,
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right?" But it hasn't
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really been marketing's responsibility. But now that we've seen really amazing
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results with
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a lot of our brands with paid media, we're now starting to, we can now relate a
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lot more at the
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top of the funnel to the marketing audience and saying, "Hey, you know, look at
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all these great
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these great results that we've had with, you know, very large QSR companies or
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really large
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CPG companies that brands would recognize that are seeing the results that they
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've never seen before."
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So there's something, you know, it's like there's something here, first party
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data can unlock
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growth for you that maybe you're in some of the declines you're seeing. It can
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kind of turn
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around that growth. So, you know, now we're seeing more engagement from the
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kind of CMO and
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marketing side where before the CMO and marketing team may come in a little bit
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more in the sales
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stage as the IT persona brings them together for that kind of buying committee.
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Any other thoughts
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on strategy or demand or pipeline generation? Yeah, I mean, we think a lot
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about where is our
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where are our audiences in their discovery? As I mentioned, this is a complex
18:33
product. It takes
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a lot of education, a lot of evaluation. So we constantly think about where are
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they in their stage?
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Are they, you know, do we have the right content for them in the awareness
18:45
stage? And then what if
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they're in the evaluation stage? What do they need to know about our product?
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And, you know, maybe
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there's case studies that we think will be really impactful for them. And then,
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you know, when they're
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closer to the purchase phase, we make sure that we, you know, get them to a
19:00
demo to really show
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what we can do and really highlight, especially for their particular solution,
19:05
what we can do. So,
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really splitting up kind of an understanding where they in the funnel and how
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do we, what's the message
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that's really going to work for them? And that's it's been more of a we have to
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think a little bit
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harder than kind of rules that I've had in the past at different, at different
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companies, because
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the stages are just they're longer, right? It just takes, it takes a longer
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time to get
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our audiences, you know, to the place where they're going to buy. We have to do
19:36
quite a bit of
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education to do it. And understandably, because it's an expensive purchase and
19:40
it's new and it's
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different. And it does require even organizational change and thinking in order
19:48
to implement our
19:50
product, because it's going to change the way you work for the positive. But,
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you know,
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organizational change and change management is a really important component
20:02
that we definitely
20:04
don't we don't take for granted. We know that that's it's hard across most
20:07
large enterprises,
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because there's just there's lots of people that you have to bring along and
20:12
there's processes that
20:13
have to change. And so, we just want to make sure that we're kind of educating
20:18
along that way. So,
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there's no surprises as they get down into the sales, into the sales cycle.
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Yeah, it is it is super super complex, super complex when you have a complex
20:30
product.
20:30
And just nailing that that sort of the learner's journey versus the buyer's
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journey is like where
20:35
they add in just like, you know, learning about this sort of new phase or this
20:41
new shift. And
20:43
where do they fit into their sort of, you know, people throw around obviously
20:46
digital transformation,
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but it'll been around a long time. But it actually is a pretty good thing,
20:50
because you usually are on
20:51
some stage of that digital transformation and whatever, whatever transformation
20:55
you're sort of
20:56
going to if it's your whether it's a CDP or just your data, you know, you know,
21:01
going from whatever
21:03
data literacy to data data fluency as an organization and like how data driven
21:08
your organization like
21:09
really is. I mean, all those things are super important when you're selling
21:14
because if you're
21:14
like, hey, you know, you're kind of talking 401 stuff and I'm like, I can't get
21:18
my CEO to like
21:20
understand what data means, you know, or whatever it is. Yeah, so there's and
21:25
there's a lot of
21:25
education that needs to be done internally at each of the companies just
21:29
because we there's so much
21:31
utility and usefulness in the product. But if only one of our target audiences
21:36
buys it,
21:37
then they might be using it. But then you potentially could miss out on the
21:41
marketing team
21:41
benefit from it and the and the IT, or the analytics team benefit, benefiting
21:49
from it.
21:49
And let me give you one example, like, I mean, Brooks running has been a long
21:53
time customer of ours.
21:55
And the CMO at that company, you know, has a very influential role and has been
22:03
able to influence
22:05
multiple groups within the company to utilize this unified customer database
22:12
for for the good.
22:15
And in fact, you know, one of the great examples that we always like to
22:19
highlight is, you know,
22:20
there they called it stuff and said, you know, our customer service department
22:24
is now because
22:26
they have access to a unified view of the customer, they are able to actually,
22:33
you know, and you
22:34
plug it in with something like a zen desk. And they're able to actually
22:37
understand the customer's
22:39
problems before they basically before they even call call you or when when you
22:43
're calling, you know,
22:44
customer support. And someone answers and says, Oh, hi, I understand. I know
22:48
what your problem is.
22:49
You know, you bought something last week, and now you want to return it. And
22:53
your money is going to
22:53
be, you know, is going to be, you know, refunded to you in x days. And by the
22:57
what, you know, by the way,
23:00
you know, I saw that you returned the medium and you kept the large, you know,
23:04
can I get you to
23:05
maybe a product specialist that helps you understand like your size in our
23:08
brand and what what, you
23:10
know, apparel be most effective for you, right? So they can actually turn it
23:14
into a really great
23:15
experience versus, you know, most of the time when you call customer support,
23:19
it's where, you know,
23:21
it's usually not the most delightful experience. So they've actually been able
23:24
to kind of turn around
23:26
the impact and effectiveness of their of their customer support group, which is
23:31
great because
23:31
that wasn't necessarily the intention of why they bought it in the first place.
23:34
It was really more
23:35
for their marketing organization. But again, it's that change management and
23:40
that, and you,
23:41
how do you roll out a tool that can be effective for multiple groups within a
23:45
company? So that's
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just one of many examples of of how having that unified profiles are able to
23:52
help all your downstream
23:53
tools. But just a matter of you plugging it into all the tools you use.
23:56
Let's get to our next segment, the playbook, or we open up that playbook. Can
24:01
you talk about
24:02
the tactics that help you win? What are your three channels or tactics that are
24:05
your uncuttable
24:07
budget items? Okay, that's good. Gosh, it's really hard to nail it to three.
24:13
But if I had to think
24:14
about it, I would probably say account-based marketing, really driving, because
24:23
we're selling to large
24:24
enterprises that are complex, being able to drive account-based marketing has
24:29
been really helpful for
24:30
us. Events and field, just field events in general have been incredibly
24:35
successful for us. And then
24:38
analysts and PR relations are really important because there's a lot, because
24:44
we're in a very
24:44
complex category, the analysts have got to be communicate. A lot of people turn
24:50
to an analyst,
24:51
especially for a new category to say, "What should I think about? What should I
24:55
look for?" And making
24:56
sure that they understand what our product does and how we're different has
25:00
been really helpful,
25:00
because these large enterprises, most of them have analyst contracts that that
25:05
's the first thing
25:06
they do is call up their gartner or forester and say, "Hey, can you help me w
25:11
ade through a lot of
25:12
the details here?" So those have been really helpful. Yeah, zooming in on the
25:18
ABM stuff,
25:19
anything you're doing that's particularly fun or exciting or has moved the
25:24
needle in terms of
25:25
generating pipeline. Well, the way we're trying to approach ABM is we take a
25:33
topic, a large topic,
25:35
and then we can create content for, and then we figure out, think about it as a
25:39
pyramid,
25:39
you think about the top and saying, "Okay, who are the 10 accounts that we can
25:43
actually
25:43
be much more specific and go deep with?" And then, "How do we build from the
25:48
same play a one to few?"
25:51
Maybe it's around a vertical or a pain point of a particular audience. And then
25:55
, "How do we build
25:56
a one to many where we can kind of scale it?" And that's where we're finding
26:01
the most
26:02
effectiveness and efficiencies, especially when you have a pretty lean and mean
26:07
marketing team
26:07
to do both ABM as well as have your kind of scale campaigns that captures a
26:14
little bit more of the
26:16
long tail of those accounts. So that's what we're really trying to drive right
26:21
now.
26:22
So it's kind of TBD if it's going to work. We're seeing early good
26:31
views into that, but over time we'll tell. It's a way to approach it that we
26:37
think we can actually
26:38
scale and without with a small team. Anything that you're spending money on, AB
26:47
M-wise,
26:48
or from the field of marketing standpoint, that's particularly ROI positive?
26:55
I mean, our most effective right now is events, webinars. Content syndication
27:04
does okay.
27:04
Obviously, you have your basic search just to make sure you're capturing the
27:11
right terms, but
27:12
I think our most effective has really been events. And as people have been
27:18
coming to,
27:19
obviously with the pandemic shift and people are actually coming to events,
27:25
those have been our most effective in driving leads. And I think the biggest
27:30
challenge with those
27:32
is, are they enough of them? And how do you make sure that you're maximizing
27:37
every single event
27:38
that you're going to? Because they are pretty expensive and they take a lot of
27:42
work. A lot of
27:43
just support to do them right, but they can pay off in spades. And so those are
27:49
some things we're
27:51
doing. But obviously around that, we build digital campaigns and experiences to
27:55
amplify those events.
27:57
And those anchor points are really helpful for us. And webinars have been a
28:01
good source as well.
28:03
So those are the things that we're constantly looking at.
28:08
Yeah, I'm curious for the events piece. Is it a blend of you doing your own
28:12
stuff,
28:13
or versus going to events versus sponsoring versus being the title sponsor? How
28:18
do you think
28:19
about that breakdown? Yeah, it kind of depends on what the event is and the
28:24
people that are,
28:24
the attendees we think are going to be there. And how, like, for example,
28:29
NRF, like we have a lot of retail customers. So that was a really great one for
28:33
us to
28:34
have a booth, because then you can scan badges and you can actually have
28:37
intimate conversations.
28:39
But at the same time, we build customer dinners. We get with our partners and
28:45
we sponsor happy
28:47
hour and events where we can have more intimate conversations. A lot of the
28:50
events
28:51
end up having kind of an opportunity to have one-on-one meetings. And we have
28:57
strategic reach
28:58
out ahead of time on the meetings that we really want to go drive with. Then we
29:04
do digital advertising,
29:07
programmatic and LinkedIn to try to geofence to get people to come to our booth
29:13
, to understand it.
29:14
Ideally, we would have a keynote speech. Sometimes we can and sometimes we don
29:19
't.
29:19
It depends on how expensive it is, how effective we think it'll be. But we have
29:25
found just the way
29:26
that a lot of events are evolving post-end pandemic. In order to really capture
29:31
leads that
29:32
are effective, you have to have that engagement. You have to have a booth where
29:36
they can come and
29:37
talk to your teams and see the product and engage with you. We try to figure
29:44
out how do we maximize
29:45
that within the two or three days that we have and really drive as many events
29:50
and touch points
29:52
for us to engage with customers who either were interested in us.
29:57
The things that are so brilliant, we hear events a lot on CadaBone. We hear
30:05
events a lot on
30:05
like, "Hey, this is one thing we're actually scaling back." It's so interesting
30:08
hearing all
30:09
the different takes on it. I think one of the things that's so brilliant about
30:12
events is that
30:15
you can get that person super casually that was like, "Hey, we're on that. We
30:22
're not
30:22
looking to buy it." I've always just wondered about imperative. I'm cruising by
30:28
. I've got five
30:29
minutes. I'll go get a squishy ball and I'm going to drink my whatever fizzy
30:35
water and just chat
30:37
for a few seconds. Those are the things that just like low stress, there's
30:41
other stuff. I have an
30:43
easy out. I can get out of the conversation. That just doesn't exist online.
30:48
When you're online,
30:49
you're disrupting what someone is already doing online. I tell this to my team
30:54
all the time when
30:55
we think about messaging. Imagine that you're on ESPN checking out the masters
31:01
because that
31:01
happens to be today. You're trying to say, and that particular persona is in
31:07
our target,
31:07
and we're trying to say, "Hey, come look at Amperity. Take time out of your
31:13
looking at who's
31:14
winning the masters to come and dive into our deep into our product over here."
31:19
It's really
31:20
hard to think about how to disrupt that in the right way. When you're at an
31:29
event,
31:29
you're there to understand what are the products and what's the innovation that
31:34
...
31:34
Let's take NRF, for example. What are the products and innovation around retail
31:40
? What's new?
31:42
And how can I improve what I'm doing? I'm going to go check out those people.
31:46
The good thing is,
31:47
then we can nurture people along. We don't expect them to buy next week, but
31:53
continue to update them on what we're doing and how we can help them solve
31:59
their problems.
32:00
They can take whatever time they need to understand what we're doing at their
32:06
own pace.
32:07
It really helps us to start that engagement. Casino, our engagement cycles,
32:15
some of them will take quite a while to nurture and get people down into the
32:19
sales cycle.
32:19
What about something that you're thinking about, perhaps not investing as much
32:23
in or cutting or
32:24
something like that? I think what has not... We have not really figured out is
32:31
programmatic display
32:32
for us just has not been working very well. Part of that's probably because the
32:38
cookie graph is going
32:39
away. We're thinking about our own messaging. When you're selling an enterprise
32:44
SaaS product that
32:45
it's somewhat complex, how do you communicate that in a banner ad? Who's going
32:53
to click on that?
32:54
It needs a little bit more. We're challenging ourselves to say, what is that
33:00
high-level message
33:01
that's going to get people to pay attention and to think about it? I'm taking
33:07
these, the
33:07
match rates. We can improve your match rates by 30 times. We have seen with
33:11
some of our brands.
33:12
If I were a CMO, I would click on that to say, how do I get 30 times their
33:17
match rates? That's
33:17
crazy. I'm not seeing that in my stuff. It's very important statistics that are
33:23
going to really get
33:25
people to think differently and to come down and understand a little bit more
33:28
about what we have
33:29
to offer. We don't spend a lot of money on programmatic display. We do a little
33:32
bit more on LinkedIn.
33:35
But it just hasn't been showing much value for us. We'll continue to fine-tune
33:42
it. We even use
33:43
six cents. We know who we're targeting in our programmatic. We're also thinking
33:48
about doing more
33:49
of competitive programmatic. If you assess with a hotel chain, we say, hey, new
33:56
hotel chain,
33:58
look how we've driven lots of value for your competitor. Click here to
34:02
understand. Again,
34:04
if I was the competitor, I'd be like, what do they do with my competitor? I got
34:07
to pay attention
34:08
to that. Everyone can get their competitor. These are some things that we're
34:12
starting to dabble in
34:12
that are going to be much more likely to get engagement than a generic display
34:19
ad.
34:21
Yeah, it's so tough. You want to use that stuff to warm people up to the brand
34:27
before those types
34:28
of conversations or keep something warm and more of a nurture face-foot. It's
34:33
still freaking expensive.
34:35
You can't measure. I'm never satisfied with just saying how many people did we
34:41
reach.
34:42
I know how long it takes. How many times do you have to run it in order for
34:46
people to pay attention?
34:47
If you survey a room and said how many people have clicked on a banner ad
34:55
recently,
34:55
you would have very few people that have raised their hands.
34:58
You know it's funny. We're running a bunch of LinkedIn ads right now for Casp
35:03
ian. One of the
35:04
things that we've been tracking internally is we try to make some funny ones.
35:11
How many people will screenshot it and send it to me? I saw this. This is
35:17
hilarious.
35:18
Well, that's awesome. You have to use humor. You have to use... We team and I
35:24
were discussing
35:26
how can we be a little bit more edgy because we're selling to B2C companies. We
35:33
don't have to be
35:35
boring B2B. We're really trying to push the envelope and how do we be much more
35:40
clever and
35:41
creative and witty and to break through? Because no one wants to see a boring B
35:47
2B ad.
35:51
They all look the same. We're really trying to break out from that B2B mold.
35:56
There's a lot of brand
35:59
strategy and design thinking that we're trying to evolve as well.
36:05
It reminds me of someone one time they were talking about a technology and it
36:11
was not a CDP.
36:12
It was something different, but they were like, "We have a five-minute problem.
36:17
You think about
36:17
this five minutes a year?" That's it. It's like, they're not thinking about it
36:22
the whole rest of the
36:22
year. They buy it once. They spend five minutes on it. This senior leader is
36:26
like, "Okay, these are the
36:27
three we're going to go with. All right, you want to do this one? Great. Let's
36:29
sign the check."
36:30
Then next year, we think about it for five minutes or renewal. It's like to do
36:34
all this other jiu-jitsu
36:36
to try to get to that thing. For them, that's not really what it's about. For
36:42
that five minutes,
36:43
we have to be memorable. All that stuff. How do you get in front of those
36:47
people?
36:47
You said to rise above the noise or cut through the noise is exactly right.
36:52
Also, just using really understanding within our ICP, who is actually showing
37:00
intent?
37:01
You're going to have much more luck. We look at that quite a bit. We have a
37:08
whole segment of
37:09
people that are showing zero intent. I tell my team, "Let's not worry about
37:13
them."
37:13
Because getting them into the intent is a heavy lift. I would rather take
37:19
advantage of the people
37:20
that are in the intent, at least somewhere in the intent journey and try to get
37:26
them over to us
37:27
versus our competitor. That's what we've been focusing on a lot. Some of that
37:33
stuff has been
37:34
much more helpful to do that. Otherwise, just a lot of time just banging your
37:39
head against the wall,
37:39
trying to get people into the funnel. It's the create-create-demand versus
37:44
capture-to-band
37:45
conversation. What are you doing for both is so important.
37:51
A small company, though, we have to pet your bets of, "Let's make sure we're
37:56
capturing the
37:58
people that are already in intention." As we grow and have a bigger team and
38:02
have bigger budgets,
38:03
maybe we can actually pull people in. Especially as the CDP as a solution
38:09
becomes more and more
38:11
mainstream, then we can start getting people into the funnel more.
38:19
How do you view your website? We view our website as our storefront. This is
38:25
our storefront. We don't
38:28
sell our product through the channel. This is how you engage with our company
38:34
and our brand and our
38:36
sales team. That's how we view it. We make sure that we're set up to capture
38:47
all of the right
38:48
journeys that come through our website because we have three different
38:51
audiences. That's really
38:53
critical for us, obviously, from even lead all the way through the sales
38:57
process.
38:57
We even see people coming onto our website when we're in the middle of a deal
39:03
process because
39:03
they're just trying to understand things. It gets complex. They're trying to
39:06
understand it.
39:07
They're trying to validate. It plays a really important role for us.
39:12
Let's get to our final segment. Quick hits. These are quick questions and quick
39:17
answers,
39:18
just like how Qualified.com helps companies generate pipeline quickly, tapping
39:23
your greatest
39:23
asset, your website to identify your most valuable visitors and instantly. I
39:28
mean instantly,
39:29
start sales conversations. That's the problem we were talking about earlier.
39:32
You're walking by,
39:33
check somebody's website. You want to talk to a person right now. You can do it
39:37
with Qualified.
39:37
Go to Qualified.com to learn more. Quick hits. Megan, are you ready?
39:43
Yes. Number one, do you have a hidden talent or skill that's not on your resume
39:50
I've doubled and I were dancing. Do you have a favorite book podcast or TV show
39:54
that you've been
39:54
checking out recently? I've been watching. I'm kind of deep in succession. I'm
39:59
all caught up and I'm
40:00
infatuated with it. What is your best piece of advice for first-time CMOs
40:09
trying to figure out
40:11
pipeline generation? Pipeline generation. Really understand who your target
40:17
audience is
40:18
and what their customer journey is and what contents needed at what place in
40:22
the funnel.
40:23
It's fairly straightforward but it's more complicated to actually do it
40:27
correctly.
40:28
Well, that's it. That's all we got for today. Thank you, Megan. So much. It's
40:33
been awesome
40:33
having you on the show for listeners. You can go to imparity.com, especially if
40:37
you know
40:38
of B2C marketer who's out there. You should definitely go check it out. Megan,
40:42
any final thoughts,
40:43
anything to plug? No, I just want to say thank you for having me. I really
40:47
enjoyed the conversation.
40:48
Awesome. Thanks so much and take care. Thank you.