Episode Transcript
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You're listening to B Tob Revenue Acceleration, a podcast dedicated helping software executives stay
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on the cutting edge of sales and
marketing in their industry. Let's get into
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the show. Hi, welcome to
be to be a revenue acceleration. My
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name is Ornim with you and I'm
the are today with Jorda Harrison, editor
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in chief. I'd be to be
marketing. How are you today, John?
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I'm really good, really good,
delights to be here. Thank you.
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So today we will be talking about
the bit to be marketing ABM competency
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model. Okay, so that's an
interesting topic. I'm really looking forward to
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to we are more about that,
but before we go into detail, can
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you please introduce yourself to our audience
and tell us more about your role and
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also what be to be marketing is. So I'm editor in chief, which
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is a very grandiose title, but
I'm, I guess, responsible for all
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the content at the top level that
my organization presents. And what we do
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is we're an information portal, information
provider for all be to be marketers on.
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Our objective is to help me to
be marketers be more successful, the
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more effective and help their organizations in
tern be successful, and we do that
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through a variety of different channels.
We run the conferences, we do training,
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we produce sort of content, we
have a magazine, we do webinars,
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all kinds of and we have an
advisory offering around ABM in particular to
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help people get started with it.
So our aim is to be the kind
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of central touch form for B tob
marketers and to help them on their journey
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and to be more successful and better
markets in the future. That's one was
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interesting. So, Jupe of other
last few years you've developed a long study
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to under Sun out ABM has been
deployed in Bob Organizations. Based on this
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research, you've built which you call
the ABM competency model. Can you please
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share his audience? I would.
This study was conducted our many companies got
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involved in using the model and assisting
where they were with their ABM journey.
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So yeah, so this this greatly
came about three or four years ago.
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We noticed the real massive increase in
interest in account base marketing. We wants
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to kind of understand it and document
it because it's it was definitely certainly on
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this side of the Atlantic, things
a bit more of Vanced in the US
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at the kind of beginning of the
journey with ABM. So it was a
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great time to kind of to help
track its development and help understand it and
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and help and help that journey,
help that evolution and acceleration along the journey.
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So what we've do? What we've
done is we've over a couple of
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year as that we are now.
We're starting to do our third one now
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for we should be launched later in
the year. We've done a census of
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our audience and we have about Ninetyzero
B to be markets in our in our
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audience. I'm looking at their use
of ABM and how and how it's developing
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and how sophisticated it is. And
I think what we've shown is that initially,
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at least, you know, a
couple of years ago, it was
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a relatively low level. People were
really only getting to grips with ABM.
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They there was a lot of lack
of understanding or misunderstanding about what it actually
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was. who were starting to see
that develop and they're the framework, or
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the model rather, is designed to
really encapture all of those learnings and and
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now people to see both where they
are in the journey and what they've where
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they've come from as compared to other
people, but also to help people see
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where they might be going in the
challenges they're going to be facing in the
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future. So it kind of does
two things. All as you to benchmark
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yourself against the kind of the average
be to be market or the average beating
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be marketing firm, and then allows
you to see where you might be going
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in the challenges you're going to face
and then give you a kind of help
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you start frame up how you're going
to address those challenges. Okay, and
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if you have a mix of B
to be marketers from each side of the
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Atlantic, or was the focus of
the study very much on the UK s
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lush European marketers? It was weighted
towards the decided Atlantic, definitely, and
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and then that turn weighted to the
UK. It's about seventy five percent over
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this side. And so, and
I think so it's reflective of what of
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where IBM is over here right now. Abium looks a bit different in the
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states. I think it's more technologically
driven, whereas the kind of a lot
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of the weight of interest over here
is more around the kind of the strategic
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the one to one type of Aba. Absolutely, and I think it's probably
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due to the the nature of the
territory and the volume of facunds and the
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volume of contact that we can go
after. But we do feel the same
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when we angage with our clients and
we speak about I can't beg it seems
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that the Europe and models tend to
be a little bit more they lodge.
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You know, you men May in
a way, where in the US is
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try to scale US through technology.
is so yet that that that's something.
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Well, I mean he always and
let's that's a really good point. Actually,
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around the year size of the market, I mean we the other factor
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I think that's playing into that is
that the technology vendors are fantastic at marketing,
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and I'm sure you can recognize that
scenario at all solutely. Absolutely don't
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know what you're taking about. Or
they were people like demand base people,
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I can gage you are people at
terminus are doing a fantastic job in the
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US and have been doing it there
for longer, to evangelize around why people
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use to should use their technology and
as a kind of a starting point in
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a PM, whereas, and I
don't know if you've see this, but
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over here. Often the kind of
programmatic aspect of it tends to come in
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when people have got their heads around
the strategic side of things and looking to
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kind of approach whatevery, and I
think it's also the question of the daytime.
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Mean we've seen, I don't want
to mention any vendors, but we're
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walking with lots of vendors worked really
originally from the US and what they would
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ever see a more base in the
US and it's here a team in Europe
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trying to replicate the success or trying
to replicate the strategy of the US market,
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and we often see vendors using solution
and not on the Sunning way do.
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Solutions are not as performance as die
in the US markets, and I
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think there is few things behind that
that are privacy being one of them.
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I think there is far less data, and even if you use the discover
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that org and the ranking and the
zoom, we seems to be the some
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company now anyway, but the depth
of data, the depth of intelligence is
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not as rich as in the US. It's also the consumption of people.
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I think you've got because you've got
less the volumes are not as great and
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because it's part I get here.
The think you need to need to sharpen
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your pencil and and and Findal STRATEGICTI
is probably little bit more direx sometimes and
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going on gage with them with a
Morti Lot approach, as I'm just waiting
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for technology to tell you who's got
an interest in your solution. And particularly,
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I think, when you are maybe, believe I guess, when you
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are targetting and you want to start
your Ibam approach with really executive touches,
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really it to ches. It's not
the gay that will be doneloading content and
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reading your white papers and all that
sort of great stuff. Sometimes good to
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find us a way to get in
front of them and to be pertinent in
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their context, and that does take
quite a strong cells and marketing coalitions,
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as well as lots of efforts and
sinking process. But coming back to your
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study and the ABM competency model,
in the map you build you outline five
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elements of delivery in an account bas
approach. Can you please share with us
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what dose five elements are and also
briefly explain why they are so important?
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Okay, well, thank you.
Thank you. And Yeah, we wanted
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to try and to demonstrate the key
things, the key areas which are what
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you contribute towards a successful account base
marketing program and so, just to run
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through those from the top level,
that the five that we've selected, and
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there are lots, by the way, but these are the ones which we,
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having spoken to another market and and
have you be helping the companies doing
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avm ourselves. These are the ones
which we think are the most the PROTC
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most important to focus on, and
they also have got up to a certain
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extent as well. So these are
alignment, account definition, data and insight
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technology and then lastly, program and
content execution. So to go back to
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the top with those, the alignment
one is is around is specifically, as
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you'd expect, around sales a marketing
alignment, which is obviously a hot topic
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in BTB and always has been an
unfortunately, possibly always will be. But
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it's also, yeah, I think
we can all, we can all share
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that pain, Acou't we? And
then, but also it's there's an element
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of alignment with other people, like
the cease, with CEO and the CEA
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sweet making sure everybody understands what at
all actually means and how what success is
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going to look like. And you
know, and the alignment. The kind
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of nature of the alignment challenge changes
over time. I guess we'll look at
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the different stages in a moment.
So that's the alignment piece, and then
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they kept the next ones account definition, and this is the this is actually
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understanding what an ideal account would look
like and looking at the size and type
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and type and number of different accounts. You're going to work one, work
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on targeting. So I guess this
probably pertains to strategy to a certain extent
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as well. You know, are
you going to be strategic one to one?
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Are you going to going to be
like is one too few, or
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going to be programmed so many,
so so? Again, this can change
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and this is probably will change as
you go, as you're more competent and
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more comfortable with this. The third
one is data and insight, and again
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this is around the pulling of information
which both the sales and marketing teams have
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and continue to accrue, and how
to and kind of creating means of which
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to keep big, diving deeper into
those insights, mapping them, understanding of
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the gaps are cleaning them up,
sharing them, making them available, creating
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this kind of virtuous circle of or
feedback and content of feedback and incited to
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allow the program to get more and
more sophisticated. The fourth on is technology,
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and we all know about marketing technology. We've mentioned it just now,
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and the UN role. If you're
starting out with ABM at strategic level,
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you probably don't need any specific marketing
technology or as the ABM technology, you
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probably can just be using what you
might be using for demand generation, crum
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crm and marketing automation of possibly social
tools. But as you become more sophisticated
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to start and particular if you start
doing going down the programmatic group, you'll
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probably start to align more and more
on technology. And then the last piece
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is the program is the program and
content execution. So this is around all
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the activities, all the content you're
producing, the white papers and microcides,
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the direct mail, all of those
things which actually are going out to the
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audience prove performing, the the outreach
in the and the the actual kind of
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engagement marketing which people going know and
will respond to and which you'll drive and
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trust, and all the sales and
able sales support activities as well. So
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so those are those are which we
think of the five elements. Ray What
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do you think about those? Are
there any that you think I've missed or
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any or any comments about how we
structure someone? I think, I think,
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I think it's a it's a nice
it's a it's a good way to
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describe the journey is that it's,
you know, it's under faith Geer lements.
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I think make question is more around
and it's a bit of a leading
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question because I may have an idea
about when the answer is from my perspective.
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But which one of those five elements
do you believe is the most challenging
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for the average be to be marketer? Well, I think they get they
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become more challenging at different times,
you know, and I don't think so.
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I'm going to if you had to
talk about all the across the journey,
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I'm probably going to say data and
insight, because this is always been
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a challenge for be to be marketers. Beating marketing is never been as data
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or insight savvy as it should be. But you know, you can't get
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at it. But then the technology
piece becomes more challenging as you go on.
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Program constant execution part is probably what
marks has already been doing. The
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just dope you doing it better.
And the top too. Well, the
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alignment piece and definition piece out of
kind of foundations. If you haven't got
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that, you're never going to get
anywhere, or at least now you're very
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far. So it would you most
challenging. I think you alignment is if
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we feel, we feel at our
clients, partners and prospects, people we
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speaking to win the market in general. I've a little bit of an issue
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with your alignment and I think it's
about sometimes it's the alignment not just with
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the cells team. Is Your alignment
with your board, is the alignment with
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your management? I would do you
get people to know, to understand,
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in a in a business, that
you've got to change the way you you
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measure yourself as a sable or as
a bit, as a bit to be
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market or in general. Okay,
if we don't account by the approach,
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but let's not talk about marketing,
qualified Lise, let's not talk about meetings,
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let's not talk about the way we
used to evaluate our self or evaluate
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marketing, but let's try to find
new KPIS. I think we've seen a
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few be to be marketers finding it
difficult to change the mentality in time of
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how they will measure and how the
success would be measured. And then it's
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about getting the you can get the
buy and I think cell steam get it.
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I think channel team would get it
as well, depending on the model
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you've got. But it's about getting
that glue between what we want to do
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from a theoretical perspective and then keeping
the consistency going. So I think people
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would be telling us that all be
to be marketers will be telling us that
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they don't really have an issue in
running the cell cell steam around them and
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even sometimes our management around them for
part of three to six months. But
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if there is no real achievement done
within straight to six months, which is
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tough because we're talking about business closed
there right. I would say that to
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average clients will have an average deal
value. If I was take all our
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clients, I think my gut feel
would be to say around ninety two hundred
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and twenty eight dollars. We don't
close that sort of deals in a couple
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of weeks. You know, it
takes you times to go and create the
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Demi and the more destructive you are
as a solution or as a product,
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the more difficulty is to close the
deal. So it's about having enough thing
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to prove themselves and to prove the
viability the Pertin ends of the Avm,
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as well as kind of sometime changing
the way marketing is measure of it's like
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being the Messaiah. You know you've
got to come up, and so we're
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going to do something new. But
I've got the bad news. It went
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up and of our nights easy as
that's the tough when I think absolutely agree,
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and I think it's always, I
mean it's for any other issue.
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You know, marketings align with the
rest of the business, particularly sales.
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You know, this is it's almost
it's almost a Cliche, and we continue
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to hope it will get better.
You know, we hoped it would get
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better with marketing automation and it and
in some ways it did, because it
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created a new kind of environment and
a new language people to talk, but
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also quoting new kinds of conflict.
You know, it kind of these often
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the kind of language and the metrics
that were using creative opportunities to conflict,
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whereas to do Aybim properly really has
to be harmonious and, as you say,
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it's a very different way. It
doesn't happen quickly and bad burgess is
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one of the leading lights and a
them. I think she you know,
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she had and great analogy. You
know that a new exactly touched that just
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then. If you tell you know, you might the say you're able to,
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can you want to do abm?
You convinced to see the CEO that
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were you're going to do it and
it's going to be very effective, and
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then they're going to they think that
it's that it's going to make a change
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over night and and it doesn't do
that. You know, it does take.
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It takes time, commitment, perseverance, all of those unfortunate things which
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which we all assume, things that
scres outs quickly. No one wants to
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know what to sell you a message
that it's going to say I seen months
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because now I'm really but we've seen. You know, we've seen, we've
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seen. We take another analogy because
we've seen companies, and particularly a larger
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one, they've got what I would
call a Ferrarey of the account based marketing.
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So they've got, they've got,
they've got it all figured out in
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time of do I want to go
one too few, one two, one,
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one too many. Actually, are
going to take this free approach because
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you know, for the most strategic
people, I will go for the one
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to one, the one in the
middle, I will go for the one
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too few, the one at the
bottom that I still need to influence.
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I will take the one too many. And they create all those beautiful content
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and journeys and quite frankly, this
is a fer area of and I can't
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bea the approach to all the beauty, for everything is beautiful. The prime
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they've got that they've got no patrol, they've got no guests to put in
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the car, and that's that's the
that an insight. And then there is
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no drivers or there is no one, which is said, well, actually,
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you know what, I'm gonna take
the driving seats and will take your
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driving and we do feel in what
we do at operatics having no part of
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what we do is being what I
would call a business development function and internal
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cells function. We believe that that
part is actually very critical, because this
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is that. But that will get
you use first engagement, but then you've
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got the cell steam being involved,
when the cells team being involved, need
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to push us from the driving seat, take the driving seat for one hour
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two our worlds when they meet with
the prospect then come back to US and
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marketing. We sit around the car
and we say, okay, this is
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what happened at the meeting, what
this is what we need to drive now,
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and then you need to find another
driver to get into the cars.
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That's the end reade that we take. You've got that fantastic car, the
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bitch really in the war, but
you still need a driver and it's it's
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a lot of factor that gets involved. And if the car is convertive,
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what you need to need to have
some sound out there as well. So
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it's it's you. I guess you
know what I mean. With the energy,
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the US are fair. I'm really
keen to all about because, as
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the that's the other one where we've
got to sue analogy. On top of
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the five elements of delivery, you
also divide the model in faith stages.
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Yeah, in the ABM Journey.
So could you, could you please take
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us through loose five pages and and
again, you know, explained a little
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bit, you know, about which
every single one of them is. Yeah,
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and that's thank you. And you
know these five stages are to they
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stay. Hopefully they reasonably. The
pretty straightforward you with the first one is
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they go from stage one, understanding, stage two, preparing stays three,
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delivering, stage for upscaling, stage
by perfecting. And these are relatively arbitrue,
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right, you know, they could
and they're not. They're not necessarily
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defined. People could define the slightly
differently, but we define them. Really
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is around the understanding piece, is
really trying to really kind of scoping opportunities
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for account Bost Marketing, understanding what
it means for you, probably auditing what
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it is that you do already,
because so much about account based marketing,
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again, to quote their Burgess,
is just good marketing. And so people
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will be doing it. They should
have been doing it always, Malcolm,
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Malcolm was Donald, professor, Michael
dnswers. It's just doing what marketing should
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always have been doing. And some
of that is naturally doing it anyway,
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but it's often in kind of things. I think I call it accidental ABM,
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but it's not necessarily planned out.
So understanding what's happening already and what
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and what whether these pockets of best
practice exist. And the next phase is
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preparing, so creating an ABM team, getting stakeholders on board, running a
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pilot you know, setting some sales
and marketing objectives, and that's the state.
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So that's that's kind of just getting
getting beyond the inurse or actually getting
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something moving. Delivering is actually having
this stage three, having a collaborative relationship,
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delivering on some objectives. It's probably
to your point just now, is
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probably not around revenue because you know
you make a very, very good point.
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So much should be to be revenues
are kind of eighteen months. You
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know, can be six to eighteen
months in terms of there even longer in
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some situation. So it's probably around
more around the engagements and the kind of
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pipeline generation and all those kind of
things, or opportunity creation or whatever.
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And then stage four is upscaling.
So you've proven the model, probably,
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bearing in mind our audience is perspective. You've probably proven it in it in
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a strategic abm capacity, and so
you're looking to move to you may even
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gone to a kind of a want
of few. So you look at to
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go to one, to one too
many, and so this stage you're looking
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to get greater budgets, more resources
and there's lots of internal champions. So
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you've really proven this is as a
major plank of your marketing and sales delivery
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and the last day about sage five, is about affecting what you've got.
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So and so it's total collaboration understood
across the organization. You're probably using some
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of the most sophisticated technology and you're
a very much of the bleeding edge,
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and it's worth saying there are a
very few people at that state. There
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are some people there, but there
are very few, at least in the
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UK, around that. So but
I don't think it's impossible to get there
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and far from it. But it
requires, as a said, consistency,
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persistence and buying. Absolutely agree with
you. I'll get thanks for that,
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joid. I mean, I really
appreciate your claim and all I didn't say
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that you've been you've been sharing with
us today. Now, if anyone would
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like to engage with you, carry
on the conversation but aentually come back to
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some of the points we discuss with
you and going to a little bit more
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details. What is the best way
to discuss with you on gage, with
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you, get your attention and start
a conversation with you? Well, you
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00:19:25.259 --> 00:19:26.700
can, you can. I'd love
to love to get any feedback, any
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comments and suggestions around this and you
know you can. Hope we can.
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You can download them this framework for
free. I have a look at that.
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It's also a kind of a light
version of the census report we did
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with some some kind of top line
findings, which is which is available as
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well. I hope we can make
it avail of all around this podcast,
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but that we fantastic. We'd really
appreciate that. You can tweet me at
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Joel underschool be to be editor.
That's not to be. There's another Joel
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00:19:51.609 --> 00:19:56.000
Harris and on twitter who's a whiskey
connissear. I'm not him, by the
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00:19:56.039 --> 00:19:57.680
way. I don't particularly like whiskey. I'm more of a beer person,
322
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so don't get me confused with him. I'm the Joe of his. It's
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00:20:02.759 --> 00:20:04.079
a I got friends. I got
send some whiskey for him, by the
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00:20:04.119 --> 00:20:07.119
way, once, which is quite
nice, to gated to remember the team.
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I never to be aged to work
out why I got it's take and,
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00:20:11.190 --> 00:20:12.789
yeah, yeah, we've bet if
it was beer and or you can
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00:20:12.829 --> 00:20:15.750
get on Linkedin. You can do
me quite easily there. or email me
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00:20:17.150 --> 00:20:21.859
Joel Dot Harrison at be to be
marketing DOTNET. Joeld or Harrison a be
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00:20:22.019 --> 00:20:25.420
to be marketing dotnet. But that's
wonderful. Many thanks again, Joel,
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00:20:25.539 --> 00:20:27.539
and yeah, it was great to
have you on the show today. Thank
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00:20:27.539 --> 00:20:33.660
you very much, really interesting conversation. Thanks for having on. operatics has
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00:20:33.740 --> 00:20:40.569
redefined the meaning of revenue generation for
technology companies worldwide. While the traditional concepts
333
00:20:40.609 --> 00:20:45.009
of building and managing inside sales teams
inhouse has existed for many years, companies
334
00:20:45.049 --> 00:20:51.240
are struggling with a lack of focus, agility and scale required in today's fast
335
00:20:51.400 --> 00:20:56.519
and complex world of enterprise technology sales. See How operatics can help your company
336
00:20:56.559 --> 00:21:03.960
accelerate pipeline at operatics dotnet. You've
been listening to be to be revenue acceleration.
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00:21:03.670 --> 00:21:07.750
To ensure that you never miss an
episode, subscribe to the show in
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your favorite podcast player. Thank you
so much for listening. Until next time.
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