62: How Sales & Marketing Teams Can Use Persona-Based Marketing w/ Sri Sundaralingam

October 22, 2019 00:16:27
62: How Sales & Marketing Teams Can Use Persona-Based Marketing w/ Sri Sundaralingam
B2B Revenue Acceleration
62: How Sales & Marketing Teams Can Use Persona-Based Marketing w/ Sri Sundaralingam

Oct 22 2019 | 00:16:27

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Show Notes

Often, messaging is focused on a product and its features — but it shouldn’t be. Messaging should be focused on a persona, and how that product (or service) impacts them at their level of an organization.

 

It’s all part of a strategy Sri Sundaralingam calls “persona-based marketing,” which Sri unpacks in this episode.

 

Sri is a CMO Advisor & Consultant for cybersecurity startups, with previous head of marketing positions at Symantec, Shape Security, and others.

 

What we talked about:

 

This is an interview with Sri Sundaralingam, CMO Advisor & Consultant for cybersecurity startups.

 

To hear this interview, and many more like it, you can subscribe to The B2B Revenue Acceleration Podcast on Apple Podcasts, on Spotify, or on our website.

View Full Transcript

Episode Transcript

WEBVTT 1 00:00:02.560 --> 00:00:08.349 You were listening to bb revenue acceleration, a podcast dedicated helping software executives stay 2 00:00:08.390 --> 00:00:12.189 on the cutting edge of sales and marketing in their industry. Let's get into 3 00:00:12.230 --> 00:00:16.870 the show. Hi, welcome to be to be Raven your acceleration. My 4 00:00:16.949 --> 00:00:20.149 name is already m with shape, and I'm here today with stree soon, 5 00:00:20.149 --> 00:00:25.059 Darling, GAM seem, advisor and consults and for technology companies in the San 6 00:00:25.100 --> 00:00:29.260 Francisco Bay area. Straight. How are you today? Doing Great, early 7 00:00:29.379 --> 00:00:34.060 in and thank you for having me on your podcast. That's an absolute pleasure. 8 00:00:34.100 --> 00:00:38.609 So that you've been a leading quite a few product and marketing function walking 9 00:00:38.850 --> 00:00:44.250 from small to bid and large size bb companies of other less fifteen years and 10 00:00:44.450 --> 00:00:49.130 today the topic that we want to discuss with you is around personal base marketing. 11 00:00:49.570 --> 00:00:53.240 But before we go into details, with a little bit of a tradition 12 00:00:53.280 --> 00:00:57.520 at the beginning of every single podcast, well, we ask our guests to 13 00:00:57.600 --> 00:01:00.679 introduce himself or self, as well as tell us a little bit more about 14 00:01:00.679 --> 00:01:04.069 what they're currently doing at the moment. Yeah, so, as you meagine, 15 00:01:04.150 --> 00:01:10.590 know led the product and marketing functions at large and light compies and startups 16 00:01:10.950 --> 00:01:14.469 in the past two teen years. And this is focusing on areas. They 17 00:01:14.549 --> 00:01:19.060 product marketing, product management, technical marketing, demand generation, to name few 18 00:01:19.180 --> 00:01:26.540 the areas, and really focusing mainly on bt B businesses working for when their 19 00:01:26.620 --> 00:01:32.420 companies selling to large, medium small size organizations, and this is an example. 20 00:01:32.969 --> 00:01:38.409 Some of the companies that work for our Semantic Corporation, recently shape security, 21 00:01:38.609 --> 00:01:42.689 late stage start up today, sister systems, to name a few, 22 00:01:42.090 --> 00:01:49.319 and you know, mainly focused on industries in the cyber security, information security 23 00:01:49.359 --> 00:01:53.640 area. They d not working as well as enterprise software market. So that's 24 00:01:53.680 --> 00:01:57.159 kind of been my overall area expertise as wonderful. Yeah, we've been doing 25 00:01:57.239 --> 00:02:01.230 some work with some of the company you mentioned. Are Good on the something 26 00:02:01.269 --> 00:02:05.510 of what you what you've been doing so so, Strae, I know you 27 00:02:05.549 --> 00:02:08.550 are big advocate of person at base marketing and it would be great if you 28 00:02:08.590 --> 00:02:14.229 could briefly introduce the concept of of personal base marketing to Ology and sent share 29 00:02:14.349 --> 00:02:17.419 with us how we can help on the certain marketing fronts. Basically, yes, 30 00:02:17.580 --> 00:02:23.699 lutely, really passionate about this area early and personal really means know you 31 00:02:23.860 --> 00:02:30.610 buy right. Such a foundational element for sales and marketing and sometimes they tend 32 00:02:30.650 --> 00:02:32.889 to forget that. So no, your buy there, and what I mean 33 00:02:34.009 --> 00:02:38.330 by that is when you're partly large into a lot of enterprise organization or medium 34 00:02:38.409 --> 00:02:44.599 or small size organizations, you know you need to understand the different buyers right 35 00:02:45.000 --> 00:02:50.719 for your particular product area that you're wanting to sell, and and knowing the 36 00:02:50.800 --> 00:02:54.919 buyer means knowing their pain point, you know, knowing what a critical priorities 37 00:02:55.080 --> 00:03:00.229 projects that they're driving and how to speak their language, and it is such 38 00:03:00.229 --> 00:03:07.550 a foundational element in terms of how you need to build your marketing, messaging 39 00:03:07.710 --> 00:03:10.469 and positioning, how you need to enable your sales team to be able to 40 00:03:10.550 --> 00:03:15.539 talk to different types of buyers within the organization, be able to empathize with 41 00:03:15.740 --> 00:03:21.620 them and know which pain points they're going through and to be able to tell 42 00:03:21.699 --> 00:03:24.979 the right user stories and, you know, really develop a credibility, because 43 00:03:25.300 --> 00:03:30.409 that early to mid part of the sales cycle is about relating to the buyer, 44 00:03:31.169 --> 00:03:35.650 you know, knowing what they're going through and then being able to come 45 00:03:35.729 --> 00:03:39.250 up with the valid proposition that will drive the you know, the sales transaction 46 00:03:39.409 --> 00:03:44.400 through that. That makes perfect sense and a much of the cells team do 47 00:03:44.520 --> 00:03:47.000 you do you involve in the finding at the outset. So let's say you 48 00:03:47.680 --> 00:03:52.159 start on your role, your brand new in in, let's say, a 49 00:03:52.560 --> 00:03:55.909 storage company, and you've never done storage before. Of course you've got an 50 00:03:55.990 --> 00:04:00.710 idea of who is whoo and you who you should sell to, but how 51 00:04:00.710 --> 00:04:04.069 much involvement from the cells team do you need, or would you require, 52 00:04:04.349 --> 00:04:10.060 in order to define a person that days marketing approach? I would say quit 53 00:04:10.139 --> 00:04:15.340 a bit, because the sales managers and sales engineers who are prospecting into the 54 00:04:15.419 --> 00:04:19.980 account they're able to, you know, get to the different types of personas 55 00:04:20.060 --> 00:04:25.370 within those accounts and, you know, be able to, if they've been 56 00:04:25.370 --> 00:04:27.850 at that, you know, at the job for a while right, be 57 00:04:27.970 --> 00:04:30.529 able to have those conversation tunes. So they're really a good starting point, 58 00:04:30.610 --> 00:04:33.730 right, to talk to the sales team to understand who are you talking with 59 00:04:33.889 --> 00:04:39.560 in the different accounts, right, who has a budget versus who's the evaluator 60 00:04:39.839 --> 00:04:44.160 and you know, who'll make the final decision and provide the recommendation. So 61 00:04:44.680 --> 00:04:47.480 starting with the sales team is a great first, you know, phase. 62 00:04:47.639 --> 00:04:50.079 And then beyond, you know, the sales team, there are other ways 63 00:04:50.160 --> 00:04:54.709 to do your market research as well, you know, and those reports are 64 00:04:54.709 --> 00:04:59.189 all these very helpful when they look at their different analyst films that focus on, 65 00:04:59.629 --> 00:05:01.670 you know, different industry segments. So these are, like you typical 66 00:05:01.709 --> 00:05:06.500 industry analyst like Donner, forester, IDC and so on, that would publish 67 00:05:06.620 --> 00:05:12.459 reports on different market segments. I would would typically use them to understand the 68 00:05:12.540 --> 00:05:16.339 buyers. And then there's additional research you can do as a market here to 69 00:05:16.939 --> 00:05:21.490 collect all the data points you need to Kinde oft get to a place where 70 00:05:21.649 --> 00:05:26.209 you start to formulate a strategy based on, you know, who are the 71 00:05:26.490 --> 00:05:30.930 the main the buyers? WHO The budget holder? WHO's evaluator? WHO's a 72 00:05:30.930 --> 00:05:34.089 key decision kept? That makes perfect sense, and then to engage your sells 73 00:05:34.129 --> 00:05:39.680 team. So I'm asking your lots of question around the around the sales people, 74 00:05:39.759 --> 00:05:44.199 because I think sometimes we walk with great Mark Tears and people've got to 75 00:05:44.279 --> 00:05:47.399 fantastic at this. But unfortunately, and I will go on to account, 76 00:05:47.399 --> 00:05:54.189 Base Marketing AC count by setting in a minute. But See makely your person 77 00:05:54.310 --> 00:05:59.550 that base marketing will be as successful as a sells team using it in the 78 00:05:59.629 --> 00:06:02.670 right way and getting the results. So you said some Keypi is. What 79 00:06:02.870 --> 00:06:08.740 tactics do you use to actunly get yourselves date to use orders free subjects you've 80 00:06:08.819 --> 00:06:12.259 done, to not just carry on doing what they've been doing but as them 81 00:06:12.339 --> 00:06:15.779 some feat is very difficult for sales people, which is basically changing. I'm 82 00:06:15.860 --> 00:06:17.689 going to speak the more people in the same account. So how do you 83 00:06:17.850 --> 00:06:24.170 get them to shake hands with you and be involved in supporting you? Threat 84 00:06:24.209 --> 00:06:28.610 Approach? Right. So one of the areas sales team always struggles with this 85 00:06:28.889 --> 00:06:30.730 and, as you mentioned, the market hears you can come up with great 86 00:06:30.730 --> 00:06:34.759 strategies but when you roll it out, you know the same messaging doesn't work 87 00:06:34.839 --> 00:06:39.040 at different levels. Right. Yeah, I know we talk about it convas 88 00:06:39.120 --> 00:06:43.560 marketing shortly, holly, you take a lot into pressure organization. If you're 89 00:06:43.600 --> 00:06:47.149 talking to the cyber security information security markets, right, if you're talking to 90 00:06:47.790 --> 00:06:54.629 engineer or manager versus you know you're talking to a director of BP or CIS, 91 00:06:54.750 --> 00:06:59.790 so who maybe the ultimate budget holder, you have to use different language, 92 00:06:59.910 --> 00:07:02.259 writing and going back to pain points. You know what is relevant to 93 00:07:02.379 --> 00:07:06.019 them in terms of the day to day business that you're bringing to the table. 94 00:07:06.220 --> 00:07:10.060 So you know, a lot of sales team, I've seen over and 95 00:07:10.180 --> 00:07:13.220 O again they've struggled with that. Is because the market here, if they 96 00:07:13.259 --> 00:07:18.529 haven't formulated the right strategy and given them the right messaging points and assets to 97 00:07:18.689 --> 00:07:24.449 be able to carry out that conversation and develop that to it becomes very difficult 98 00:07:24.449 --> 00:07:27.529 for sales team and they typically go up and develop some of that on their 99 00:07:27.569 --> 00:07:31.480 own. So when you formally to strategy, I think what I would advise 100 00:07:31.600 --> 00:07:35.759 the sitting down with your sales team explaining how you're going to go about developing 101 00:07:35.879 --> 00:07:41.399 the messaging at those different levels and showing them what the output you're going to 102 00:07:41.480 --> 00:07:44.430 produce. Will Get by it, you know, for you and they will 103 00:07:44.470 --> 00:07:46.269 see. I mean, if this is the sales team that's been in play, 104 00:07:46.350 --> 00:07:49.589 they've been engaging with customers, they will see the value. But even 105 00:07:49.670 --> 00:07:55.550 with others the tenure experience sales, we will know that they have to use 106 00:07:55.949 --> 00:08:00.339 different language, different discussion points at different levels and you know, should be, 107 00:08:00.579 --> 00:08:03.339 you know, straightforward. We to get that buy, but your point 108 00:08:03.379 --> 00:08:05.459 out really and get that by show them what you're going to produce, how 109 00:08:05.500 --> 00:08:09.019 you're going to enable them, and then you go do it. You will 110 00:08:09.100 --> 00:08:13.370 get, you know, strong handshake and you know sort of the collaboration going 111 00:08:13.410 --> 00:08:16.050 on and then you do have to, you know, adjust the strategy as 112 00:08:16.089 --> 00:08:20.490 you go forward. But yeah, definitely that early engagement and agreement is very 113 00:08:20.529 --> 00:08:24.129 critical when you produced a strategy to be successful and, you know, to 114 00:08:24.209 --> 00:08:28.560 be able to implement. Did it make it work? Of course that makes 115 00:08:28.600 --> 00:08:31.000 sense. As coming back to to the point I was making about the the 116 00:08:31.120 --> 00:08:37.240 account base marketing, account base setting. So it's in. Everybody is dissociating 117 00:08:37.919 --> 00:08:41.629 the concept of I can't base everything, which is which is putting your prospecting 118 00:08:41.710 --> 00:08:45.909 the center of your marketing and serves approach, which is logic. But you 119 00:08:45.990 --> 00:08:48.230 know, Lens, some people are dissociating it and and I do think that 120 00:08:48.710 --> 00:08:54.350 actually, from from from what we are discussing today person that base marketing is 121 00:08:54.389 --> 00:08:56.820 actually a supper important part of the concept. You know, if you don't 122 00:08:56.860 --> 00:09:01.419 stop by on those, on the people and the function and the challenge in 123 00:09:01.500 --> 00:09:05.899 that function, how come out come, your very proposition can support them in 124 00:09:05.259 --> 00:09:09.409 being a better professional, then the rest of you can base marketing, the 125 00:09:09.490 --> 00:09:13.730 rest of you can be sitting. May Not make sense. So could you 126 00:09:13.809 --> 00:09:18.289 elaborate on on on that connection between ABM and and and personal base marketing is 127 00:09:18.529 --> 00:09:22.690 is that really a difference? Yes, and you could do persona based marketing 128 00:09:24.169 --> 00:09:28.759 without having to do account based marketing. Right. So let's say, for 129 00:09:28.960 --> 00:09:33.919 the sake of discussion here, you've decided your go to market strategy is you're 130 00:09:33.919 --> 00:09:39.950 going to, you know, go after line enterprise organizations, regardless of different 131 00:09:39.029 --> 00:09:45.149 industries. You're going to target an your organization larger than thousand employees rate, 132 00:09:45.750 --> 00:09:50.629 and you can employ your persona based marketing with that and be successful to putting 133 00:09:50.669 --> 00:09:54.179 on the product that you're taking the market. Another scenario could be you can 134 00:09:54.220 --> 00:09:58.620 get even more targeted without going to account base marketing, where you could say 135 00:09:58.139 --> 00:10:01.860 with the large enterprise, you know, accounts. I'm going to focus on 136 00:10:03.860 --> 00:10:09.330 this top by verticals, right this top by industries, financial services, great, 137 00:10:09.409 --> 00:10:13.490 healthcare on, and these five you're going to go really luck in. 138 00:10:13.610 --> 00:10:18.929 The next level after that is the account based marketing that you're mentioning, which 139 00:10:18.049 --> 00:10:22.360 is really say look, out of all of the alloted enterprise accounts, there 140 00:10:22.399 --> 00:10:28.000 are these fivezero accounts that we need to sell and it you could have filtered 141 00:10:28.080 --> 00:10:31.519 that based on industries, rate, based on geographical region and so forth. 142 00:10:31.840 --> 00:10:37.070 There you're really getting targeted, right. So cons some of the base marketing 143 00:10:37.149 --> 00:10:41.590 can be employed regardless of using a count based marketing or not. When you 144 00:10:41.629 --> 00:10:45.629 do use the account based marketing, especially when you go up a lot of 145 00:10:45.669 --> 00:10:50.100 enterprise organization, it could be a lot more impact and powerful when you also, 146 00:10:50.500 --> 00:10:52.299 you know, added Persona based marketing, because typically in a lot of 147 00:10:52.419 --> 00:10:56.820 enterprise organization, as we talked about earlier, you're going to have different levels 148 00:10:56.940 --> 00:11:03.139 of fires or influencers you're going to be working with, from your sort of 149 00:11:03.139 --> 00:11:07.929 the major evaluate or level to somebody perhaps midmage most level, holding the budget. 150 00:11:09.049 --> 00:11:11.809 So we need apply the persona based marketing. You could produce a lot 151 00:11:11.970 --> 00:11:18.129 more high impact results for Acom Marketing, account based marketing in a tactic that 152 00:11:18.250 --> 00:11:20.120 you employ. Yeah, now I agree with you. I agree with you 153 00:11:20.559 --> 00:11:26.360 and coming to do this influence and evaluate urs and think you mentioned the people 154 00:11:26.519 --> 00:11:31.559 get the budget and all that. So we are big believers, maybe what 155 00:11:31.720 --> 00:11:35.269 to traditional and to all school but to are big believers in the fact that 156 00:11:35.789 --> 00:11:39.190 to be successful in search process it's very important to have a connection with the 157 00:11:39.269 --> 00:11:45.590 authority. So the see level contact that that CIO, CIS or CTEO and 158 00:11:45.750 --> 00:11:50.700 in the line of business, CMOS, Cro ceocfo is ext t exeter right. 159 00:11:50.779 --> 00:11:54.259 Of course, the the larger the organization, the more difficult it is 160 00:11:54.379 --> 00:11:56.259 to market to these people, to sell to the people. Two, to 161 00:11:56.340 --> 00:12:01.059 have some time in fount of just be and I also know that in summer 162 00:12:01.179 --> 00:12:03.730 in some veralty cores particular, if we look at if you look at infrastructure 163 00:12:03.929 --> 00:12:07.769 security, when you look at the c CEO, the CIS, who was 164 00:12:07.850 --> 00:12:11.289 just two titles, everybody wants to speak to them. So I believe that 165 00:12:11.370 --> 00:12:18.440 those guys are probably getting approach a lot and probably not responding towards of prospect 166 00:12:18.559 --> 00:12:22.679 but coming to my question, and in your opinion, all Ma Cheffor, 167 00:12:22.759 --> 00:12:28.360 should you put into targeting, influence so and key evaluators in that person that 168 00:12:28.440 --> 00:12:33.309 based marketing approach? Yeah, great question earlier. And Look, the reality 169 00:12:33.429 --> 00:12:37.110 is when you're at sea level right, whether you're see so or Cteo, 170 00:12:37.590 --> 00:12:43.110 you have very limited time, right, and you're not going to be the 171 00:12:43.230 --> 00:12:48.820 person who's going to be doing the initial research and evaluation of your different initiatives 172 00:12:48.899 --> 00:12:56.340 that you have rolled out. So it's very important not to overly pivot marketing, 173 00:12:56.899 --> 00:12:58.490 you know, to the c level by and now I'm not saying you 174 00:12:58.570 --> 00:13:03.169 don't market to the C level, by absolutely do you employ the right tactics 175 00:13:03.250 --> 00:13:07.250 rate when you're using a cant base marketing and you target to sea level, 176 00:13:07.370 --> 00:13:13.399 buyer or what's really important also is to understand, you know, all different 177 00:13:13.799 --> 00:13:18.120 initiatives within the organization. Who's going to be the folks doing the research, 178 00:13:18.159 --> 00:13:22.639 right, the initial research, and right, who are going to be the 179 00:13:22.720 --> 00:13:26.750 doing the evaluation? And you need to target those people, those those persona 180 00:13:28.149 --> 00:13:31.789 right. And again, going back to myself, a security you know, 181 00:13:31.309 --> 00:13:37.110 information security areas. You could be an engineer doing the initial research, right, 182 00:13:37.309 --> 00:13:41.580 a security engineer or security architect. And you know, the person who's 183 00:13:41.620 --> 00:13:46.139 going to short list the winders to bring them in for proof of concept could 184 00:13:46.179 --> 00:13:50.659 be somebody at manager level, not not, you know, directly meet your 185 00:13:50.700 --> 00:13:54.700 see level for that matter. So it's very important to be able to develop 186 00:13:54.730 --> 00:14:00.370 the right material, right, iducate them, especially when you're developing the marketing 187 00:14:00.450 --> 00:14:05.889 funnel, right, engage those folk to be able to get invited to the 188 00:14:05.009 --> 00:14:09.679 party right. But when you're in these large enterprise organization or even midsize organization, 189 00:14:09.919 --> 00:14:13.000 you do need to influence, you know, who are actually going to 190 00:14:13.039 --> 00:14:16.720 be holding the budget. When you get to that stage, you want to 191 00:14:16.759 --> 00:14:20.320 be, you know, successful in converting the opportunities. So right. So 192 00:14:20.399 --> 00:14:24.990 I think again, you employ the right tactics. You know, CEE level 193 00:14:24.070 --> 00:14:28.549 folks don't read emails very much. They just going to afford it. Sometimes 194 00:14:28.830 --> 00:14:31.350 they may or may not take a phone call. They may be will link 195 00:14:31.350 --> 00:14:35.470 to attend networking events with other see little folks. So it's like, how 196 00:14:35.509 --> 00:14:37.110 do you employ the right tactics? Yes, you should target them, but 197 00:14:37.230 --> 00:14:41.820 really know. You know who in the organizations are going to, you know, 198 00:14:41.940 --> 00:14:48.220 perform the evaluations and the recommendations so that you have a balance approach shop. 199 00:14:48.340 --> 00:14:50.539 Yeah, it's not a one trick putty that that makes perfects and appreciate 200 00:14:50.659 --> 00:14:56.809 that so quickly. Coming to Jennifer of our conversation today. So the really 201 00:14:56.850 --> 00:15:01.129 appreciate your time and orgins that you you shall with us at that's great fall 202 00:15:01.169 --> 00:15:05.330 audience. If anyone wants to get in touch with you free and he's not 203 00:15:05.450 --> 00:15:09.799 carrying on the that conversation or I'll seemply potentially discuss your selvie season, what 204 00:15:09.919 --> 00:15:13.360 you could have felt to that company. What is the best way to to 205 00:15:13.440 --> 00:15:16.240 get in touch with you? Yeah, definitely, thank you for offering that. 206 00:15:16.440 --> 00:15:20.279 The best plays to faces me through Linkedin and just find me on Linkedin. 207 00:15:20.360 --> 00:15:24.950 Send me a message, connect with me and I'm happy to engage and 208 00:15:24.230 --> 00:15:28.470 two questions, as well as sect this particular opportunities to work with different companies 209 00:15:28.509 --> 00:15:31.389 that would be excited to do that as well. Okay, that's one enough 210 00:15:31.429 --> 00:15:35.309 ful. Well, once again, thank you very much for a time. 211 00:15:35.309 --> 00:15:37.940 It was absolutely a pleasure to have you on the show today. Street great. 212 00:15:37.019 --> 00:15:41.740 Thank you early and really appreciate it and into the discussion with you. 213 00:15:43.100 --> 00:15:48.779 operatics has redefined the meaning of revenue generation for technology companies worldwide. While the 214 00:15:48.899 --> 00:15:54.570 traditional concepts of building and managing inside sales teams inhouse has existed for many years, 215 00:15:56.009 --> 00:16:00.809 companies are struggling with a lack of focus, agility and scale required in 216 00:16:00.889 --> 00:16:07.120 today's fast and complex world of enterprise technology sales. See How operatics can help 217 00:16:07.159 --> 00:16:12.200 your company accelerate pipeline at operatics dotnet. You've been listening to be to be 218 00:16:12.320 --> 00:16:17.759 revenue acceleration. To ensure that you never miss an episode, subscribe to the 219 00:16:17.840 --> 00:16:21.909 show in your favorite podcast player. Thank you so much for listening. Until 220 00:16:21.990 --> 00:16:22.389 next time,

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