78. Are We Measuring Marketing Excessively?

May 22, 2020 00:20:06
78. Are We Measuring Marketing Excessively?
B2B Revenue Acceleration
78. Are We Measuring Marketing Excessively?

May 22 2020 | 00:20:06

/

Show Notes

Attribution and measuring ROI are incredibly important elements of marketing. 

But are we being victims of measuring marketing excessively and compromising on creativity?

In this episode, I interview Matt Fleming, Director of Marketing at Loadsmart, about measuring marketing.

We talk about: 3 flaws of over-measurement, how to measure brand awareness, the worst consequence of over measuring is loss of creativity, 20% of your budget should be brand affinity.

 

To hear this interview and many more like it, subscribe to The B2B Revenue Acceleration Podcast on Apple Podcasts, on Spotify, or 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 --> 00:00:17.750 the show. Hi, welcome to be to beer of a new acceleration. 4 00:00:18.030 --> 00:00:21.149 My name is Anim with you, and I'm here today with Matt Fleming, 5 00:00:21.309 --> 00:00:24.699 Director of marketing at load smart. How are you to day smart? Doing 6 00:00:24.780 --> 00:00:28.420 Great, thanks, and thanks for having me on the podcast. Absolute pleasure. 7 00:00:28.820 --> 00:00:34.179 So today we want to speak about marketing activity and the topic is exactly 8 00:00:34.299 --> 00:00:40.409 how we measuring marketing excessively question mark, which is a great topic because I 9 00:00:40.689 --> 00:00:44.329 have been victim, or I've made my marketing people victim, of my month 10 00:00:44.490 --> 00:00:48.689 measuring excessively sold me to. Are Your sorts on that? But before we 11 00:00:48.770 --> 00:00:52.560 get into the conversation, Matt, could you please introduce yourself and tell us 12 00:00:52.560 --> 00:00:56.200 a little bit more about the company you represent? Lot spots. Sure thing. 13 00:00:56.439 --> 00:01:00.079 My Name's Matt Flemming and I lead marketing at load smart. What load 14 00:01:00.119 --> 00:01:04.390 smart does is loadsmarts of Technology Company in we leverage technologies like artificial intelligence and 15 00:01:04.430 --> 00:01:11.469 machine learning and combine those with deep industry partnerships to help shippers like the Coca 16 00:01:11.510 --> 00:01:15.030 Cola Company is an example, and move freight across the country a little bit 17 00:01:15.069 --> 00:01:18.230 more efficiently. Oh, son's excellent. So so, Matt as a market 18 00:01:18.349 --> 00:01:23.980 are you are obviously requiring to prove the value of the activities you drive and 19 00:01:25.099 --> 00:01:29.739 measure the the row I have to activity. So I guess you can report 20 00:01:29.739 --> 00:01:33.609 to your management and to Y'all, bald as to I was successful your compings 21 00:01:33.730 --> 00:01:37.769 all. But do you believe that market all focusing too much in driving shot 22 00:01:37.849 --> 00:01:45.650 term resorts and by doing that technically compromise activts at all fundamental from brand burnding 23 00:01:45.849 --> 00:01:49.920 perspective, but or so outdot to me Asah, yeah, so the short 24 00:01:49.959 --> 00:01:52.840 answer to that and I'll give you a caveat in one second, but the 25 00:01:52.879 --> 00:01:57.319 short answers yes, absolutely. Let me just say up front that, because 26 00:01:57.359 --> 00:02:00.239 I'm sure you know there's some very like passionate views on either side of this. 27 00:02:00.560 --> 00:02:05.829 So let me just say a attribution and measuring Roy are incredibly important parts 28 00:02:06.150 --> 00:02:08.310 of marketing. There's no way you're going to get around them. But what 29 00:02:08.430 --> 00:02:13.189 I'd say is what's happened over the past, call it, ten to fifteen 30 00:02:13.189 --> 00:02:19.539 years, is that companies are looking to attribution analysis to define their marketing playbook. 31 00:02:19.860 --> 00:02:23.500 So it's not so much like they're they're they're defining their marketing playbook and 32 00:02:23.500 --> 00:02:25.740 then using attribution analysis to kind of measure, you know, what they should 33 00:02:25.780 --> 00:02:29.460 be working on right or what kind of had the best return, but they're 34 00:02:29.500 --> 00:02:34.330 using that attribution analysis to define everything that they do. Everything that marketing should 35 00:02:34.330 --> 00:02:39.770 be doing is kind of defined by the attribution analysis and typically Roy is revenue, 36 00:02:39.849 --> 00:02:43.849 right, gross revenue, maybe in some cases margin to yeah, in 37 00:02:44.090 --> 00:02:47.319 my opinion is that, like that has some real fundamental flaws, even more 38 00:02:47.439 --> 00:02:52.199 so if you're a BEDB technology company and you have a longer sales cycle. 39 00:02:52.919 --> 00:02:55.680 Specifically, I think there's I think there's like three problems, I think so. 40 00:02:55.759 --> 00:03:00.150 Number One, taking that example of like a be to be company, 41 00:03:00.189 --> 00:03:04.789 you know, with a reasonable sale cycle there are likely dozens upon dozens of 42 00:03:04.870 --> 00:03:07.270 touch points that occur over the course of the six months sale cycle. Right 43 00:03:07.590 --> 00:03:12.189 in. The reality is is you probably only track at best half of them. 44 00:03:12.509 --> 00:03:15.860 And then I think when you combine that with the fact that the data 45 00:03:15.900 --> 00:03:19.539 we do track can be wildly misleading. So as an example of that, 46 00:03:20.180 --> 00:03:23.939 let's kind of take example of like having a PR or media relations function. 47 00:03:24.340 --> 00:03:28.729 How do you even measure the Roi on that. The reality is you can't 48 00:03:28.729 --> 00:03:32.770 even measure the traffic from the referral itself, because how many people see an 49 00:03:32.770 --> 00:03:36.650 article and then just go directly to your website or do a Google search? 50 00:03:37.090 --> 00:03:39.530 You're never going to get heavy should but we all know internally, right, 51 00:03:39.610 --> 00:03:44.080 that media relations in PR is kind of an important component of marketing. And 52 00:03:44.120 --> 00:03:46.280 then I think the last point I had on that, or kind of the 53 00:03:46.319 --> 00:03:52.479 last big problem with people relying too much on attribution is that the models that 54 00:03:52.599 --> 00:03:55.669 we actually use to measure those touch points are not scientific at all. It's 55 00:03:55.669 --> 00:03:59.870 literally the equivalent of sticking your finger in there and like trying to feel which 56 00:03:59.870 --> 00:04:02.909 way the wind blows and won't whether it's, you know, like linear right, 57 00:04:03.069 --> 00:04:06.349 so like our linear attribution. First Touch, last touch, you know, 58 00:04:06.590 --> 00:04:10.699 middle touch. Like the point is, like there's dozens of these models, 59 00:04:10.740 --> 00:04:14.539 but at the end of the day it's just some product manager or a 60 00:04:14.620 --> 00:04:16.540 marketer somewhere being like hey, like, I think this is the way we 61 00:04:16.620 --> 00:04:20.300 should go. Yeah, it so like stepping off my soapbox for a sec 62 00:04:20.379 --> 00:04:25.170 I guess. I think because of those reasons, what ends up happening is 63 00:04:25.649 --> 00:04:30.649 marketing is up over focused on some activities and completely ignores others. In the 64 00:04:30.769 --> 00:04:33.689 bottom line is that, at least in my opinion, too many companies look 65 00:04:33.810 --> 00:04:39.519 to attribution as a gps when it's really supposed to be used like a compass. 66 00:04:39.959 --> 00:04:42.959 And Yeah, okay, that's makes sense. So what would you say? 67 00:04:43.120 --> 00:04:48.279 The activtet up being left to site because of that relentless requirement to measure 68 00:04:48.519 --> 00:04:53.069 on that tribute, and that'stribution. Sure, I think it's a lot of 69 00:04:53.149 --> 00:04:57.790 things tied to brand. Anything squishy. Right. Here's another example, right, 70 00:04:57.870 --> 00:05:00.670 like let's say you can even factor in a website redesigned into that, 71 00:05:00.709 --> 00:05:03.550 because it's I think it's also tied to the type of business here in so 72 00:05:03.629 --> 00:05:08.339 let's say, you know, we saw take the example of load smart actually. 73 00:05:08.579 --> 00:05:12.379 So we sell to Fortune one hundred companies, really senior people at those 74 00:05:12.420 --> 00:05:15.379 companies, and it's really kind of an outbound marketing motion. Yet the same 75 00:05:15.420 --> 00:05:19.180 time we know our website is really, really important. But how do you 76 00:05:19.459 --> 00:05:24.769 measure that in terms of Ouri? Right, like it's not transactional. They're 77 00:05:24.769 --> 00:05:27.490 not going to come to our website and do business through our website. But 78 00:05:27.850 --> 00:05:30.769 there's an impact. If one of our sales people, for instance, gets 79 00:05:30.850 --> 00:05:33.490 like the VP of supply chain, let's say it's staples, on the phone, 80 00:05:33.490 --> 00:05:36.759 and then that VP goes to check out our website and I can't find 81 00:05:36.879 --> 00:05:40.399 what they were just pitched on the phone. How do you qualify? How 82 00:05:40.399 --> 00:05:44.079 do you quantify that? You can't. So there's always kind of in so 83 00:05:44.160 --> 00:05:46.639 I one I think it's kind of tied to the type of business that you're 84 00:05:46.680 --> 00:05:50.350 in. But to I think there will always be things that are hard to 85 00:05:50.430 --> 00:05:56.509 measure, that we know like deep in our gut are wildly important and even 86 00:05:56.550 --> 00:06:00.350 it's logical that they're important, but because attribution can only take you so far, 87 00:06:01.029 --> 00:06:05.420 you get stuck and I see that happening over and over again. Noun, 88 00:06:05.500 --> 00:06:09.019 that's time. So in jails are end then? Is that a way 89 00:06:09.180 --> 00:06:12.459 to measure bread a Lottess? Yeah, I think there are. You know, 90 00:06:12.579 --> 00:06:15.779 I think again it depends on the stage of company that you're at right 91 00:06:15.819 --> 00:06:19.050 in terms of what resources you can put into measuring that. I think number 92 00:06:19.089 --> 00:06:23.889 one, you can look at kind of organic branded searches for your company and 93 00:06:23.970 --> 00:06:27.810 how that trends over not over time. Hopefully you actually have like a unique 94 00:06:27.810 --> 00:06:30.209 company name that isn't like echo or something like that, right, but you 95 00:06:30.250 --> 00:06:34.240 could potentially manage kind of organic search for your brand. You can do stuff 96 00:06:34.240 --> 00:06:39.319 like a brand awareness surveys and, I think, perhaps to a lesser extent, 97 00:06:39.439 --> 00:06:42.199 just kind of thinking about the relationship that you have with your customers. 98 00:06:42.439 --> 00:06:46.000 You could potentially look at stuff that's similar to MPs score, so kind of 99 00:06:46.079 --> 00:06:48.550 like how do people actually feel about your company? Beyond just kind of being 100 00:06:48.589 --> 00:06:53.110 aware, and I think this is going to sound, I guess, a 101 00:06:53.389 --> 00:06:56.949 little bit sappy or too much pine the sky, but I think when you've 102 00:06:56.990 --> 00:07:01.019 really focused on brand marketing activities and specifically like building kind of brand affinity with 103 00:07:01.060 --> 00:07:04.220 the people you're trying to sell to, there is a buzz in the way 104 00:07:04.300 --> 00:07:09.180 that they engage with you. I think as an example of that, you 105 00:07:09.259 --> 00:07:13.699 know drifts spent a lot of time, I think, focused on brand marketing 106 00:07:14.060 --> 00:07:16.610 and as a result of that, you know, they were able to launch 107 00:07:16.689 --> 00:07:20.050 their own event and, you know, sell it to capacity. Is that 108 00:07:20.209 --> 00:07:25.329 a you know, like I think that's actually kind of a latent effect of 109 00:07:25.649 --> 00:07:29.889 them kind of spending so much time defining their brand and really focusing on it. 110 00:07:30.160 --> 00:07:31.319 Yeah, great, take exam put as I live done. They've done 111 00:07:31.399 --> 00:07:34.639 very wetter on that to be false. So a that that makes perffix sense. 112 00:07:35.160 --> 00:07:39.160 So in that case, do you believe that the marketels are being less 113 00:07:39.319 --> 00:07:43.079 creative? Seems I expected to spend mure time in doing it and then a 114 00:07:43.079 --> 00:07:47.269 key colle and res are driven type of approach. Absolutely definitely. I think 115 00:07:47.310 --> 00:07:53.269 over the past ten to fifteen years there's been a massive over focus on both 116 00:07:53.470 --> 00:07:57.470 tech and an analytics and as a resulted, as a result of that, 117 00:07:57.550 --> 00:08:01.980 I think marketing the game very transactional, right. So it was like how 118 00:08:01.019 --> 00:08:05.139 many mq wells did you bring in? How many of those MQ wells turned 119 00:08:05.180 --> 00:08:07.660 to ask you, wells, how did that turn into revenue? And we 120 00:08:07.779 --> 00:08:11.620 came, we became like so focused on transactional mark marketing that it really came 121 00:08:11.699 --> 00:08:16.490 at the cost of building a brand and building affinity with that brand. And 122 00:08:16.610 --> 00:08:18.089 when I say that, I really want I'm talking about is like building a 123 00:08:18.209 --> 00:08:22.850 brand in building an authentic connection with the people that you're actually trying to sell 124 00:08:22.930 --> 00:08:24.970 to. And it's crazy because I think you end up having like you have 125 00:08:26.089 --> 00:08:28.279 marketers who know how you know. They're like a grand wizard in Marquetto or 126 00:08:28.279 --> 00:08:31.679 hub spot, but they don't know how to write. They can't all a 127 00:08:31.759 --> 00:08:37.919 story and I believe that the overfocused on analyt x has actually gotten US further 128 00:08:39.120 --> 00:08:43.950 from the results we want because again, right those attribution analysis are fundamentally flawed. 129 00:08:43.590 --> 00:08:46.710 They're only tracking the points you can track and then they're waiting those touch 130 00:08:46.830 --> 00:08:52.110 points very arbitral. So if anything, I think the overfocus on analytics, 131 00:08:52.309 --> 00:08:54.820 well it's important, it actually gets US further away from the results that we 132 00:08:54.940 --> 00:08:58.620 want, which is, you know, for most people, revenue. So 133 00:08:58.019 --> 00:09:03.019 I would you suggest you obviously again and you mentioned it a couple of times 134 00:09:03.059 --> 00:09:07.139 in in the conversation so far. It does depends on the type of organization. 135 00:09:07.500 --> 00:09:09.210 So I don't know how big is your team? A lot smart. 136 00:09:09.210 --> 00:09:11.529 I don't know if you're on your own. But let's say you've got a 137 00:09:11.570 --> 00:09:16.730 small organization. You've got someone who's got maybe you know, a CMO and 138 00:09:16.850 --> 00:09:20.289 two three people in the organization worldwide. Of course they won't be able to 139 00:09:20.450 --> 00:09:24.919 as someone with marketing operations, someone with content marketing, someone with online marketing, 140 00:09:26.159 --> 00:09:28.840 whatever it could be. You know at the team that you would have 141 00:09:28.919 --> 00:09:31.759 in the Coca Cola and know all those large organizations may have like thousands of 142 00:09:31.840 --> 00:09:37.000 people in marketing. So if you, if you are limited with resources, 143 00:09:37.000 --> 00:09:41.110 and I'm sure you'll say that, you look great at tools, and analytic 144 00:09:41.590 --> 00:09:46.110 is quite important. Is a part of it that you can't completely revoke from 145 00:09:46.269 --> 00:09:50.789 from your from your yours process. So how would you attribute the time, 146 00:09:50.149 --> 00:09:54.179 how much, how much should be spend on analytical driving results, commuting anything 147 00:09:54.259 --> 00:09:58.700 about what you are doing, versus actually, you know, being creative, 148 00:09:58.940 --> 00:10:03.340 thinking outside the box and making your prospect thing that you know you coming up 149 00:10:03.379 --> 00:10:07.100 with the greatest compaign wants to engage with you. Yeah, so what I 150 00:10:07.139 --> 00:10:11.289 would say is I don't think they're mutually exclusive. Like the you know, 151 00:10:11.370 --> 00:10:15.450 keeping an eye on the analytics and then also being able to think creatively. 152 00:10:15.769 --> 00:10:18.889 I think there's a balancing act to that, right. Like I think that 153 00:10:18.970 --> 00:10:22.240 also plays into kind of how you think about like the budget that supports those 154 00:10:22.240 --> 00:10:26.000 activities, right. That was kind of my next Question Time and budget. 155 00:10:26.159 --> 00:10:28.919 So yeah, it kind of I'll do you spread that, because I completely 156 00:10:28.919 --> 00:10:31.840 understand what you're saying, but I put, you know, putting my ceu 157 00:10:31.960 --> 00:10:35.429 at all. I still need to get some sort of measure. I need 158 00:10:35.509 --> 00:10:39.389 to get to feel saying, you know, I might is driving the right 159 00:10:39.429 --> 00:10:45.190 thing. I made not begetting GM Qures, but all the prospective meets everything 160 00:10:45.230 --> 00:10:48.590 at I'm reading about my company is we are the new Ronics of you know, 161 00:10:48.669 --> 00:10:52.139 all the BMW or whatever I could mean a go, all those brands 162 00:10:52.179 --> 00:10:56.179 being associated to success and everything from a client's perspective. And well, is 163 00:10:56.299 --> 00:11:00.940 that that could be just through conversation, you know. At the same time, 164 00:11:01.100 --> 00:11:03.100 I'm sure you need to justify the tools that you are using your marketing 165 00:11:03.179 --> 00:11:07.850 budgets. I'm kind of trying to ask your question around. I'll do you 166 00:11:07.009 --> 00:11:11.970 go and get more money as a marketer without, you know, basically balancing 167 00:11:13.009 --> 00:11:13.929 boats. As you say. It's a balancing act. So I'd like to 168 00:11:13.970 --> 00:11:18.169 get your sorts on that. I know you. Yeah, it's a hard 169 00:11:18.210 --> 00:11:20.120 question and it's a really good question, really really good, because I think 170 00:11:20.159 --> 00:11:22.600 that's kind of you know, it forces me to put my money where my 171 00:11:22.639 --> 00:11:26.759 mouth is. Right. So let me just say one thing up front, 172 00:11:26.840 --> 00:11:30.159 and it may not be the thing thing that you'd want to hear as a 173 00:11:30.240 --> 00:11:33.710 CEO. Right, right, well, there will be activities that your company 174 00:11:33.870 --> 00:11:37.070 should absolutely be doing that you will never be able to measure. The RLIFE. 175 00:11:37.429 --> 00:11:43.470 However, Huh, and that sounds scary. It should be scary, 176 00:11:43.549 --> 00:11:46.269 but it's just it's the way it is, and you can kind of like 177 00:11:46.830 --> 00:11:48.940 talk around it a little bit, you know, like Oh, like, 178 00:11:48.059 --> 00:11:52.299 well, maybe it will increase our conversion rate five percent on the website and 179 00:11:52.340 --> 00:11:54.379 that results in x many leads, x many opportunities, x many meetings, 180 00:11:54.379 --> 00:11:56.980 x many deals. Right, you can do that, but it really like 181 00:11:58.139 --> 00:12:01.649 your you're you're just trying to make yourself feel better for making that invest so, 182 00:12:01.970 --> 00:12:03.889 yeah, maybe that's controversial, but that's kind of how I think about 183 00:12:03.889 --> 00:12:07.009 they're always be things that you can't measure. How does that relate to how 184 00:12:07.049 --> 00:12:11.250 I think about splitting budget and activity? Because at the end of the day, 185 00:12:11.250 --> 00:12:15.610 I think it's a compromise. Right. So how I am personally? 186 00:12:15.649 --> 00:12:18.679 Let me just start by saying that, like, I would right now invest 187 00:12:18.759 --> 00:12:22.000 more earn brand, but there's obviously pressure from my boss, there's pressure from 188 00:12:22.000 --> 00:12:28.240 senior leadership to focus on like demand Gen activities that are more kind of typically 189 00:12:28.039 --> 00:12:33.029 trackable. Right. So I'll tell you kind of how I think about it 190 00:12:33.110 --> 00:12:35.590 and how I like the framework I use for doing that. So what I 191 00:12:35.710 --> 00:12:41.950 do is I first start with figuring out, basically doing the reverse funnel math 192 00:12:41.070 --> 00:12:45.620 to identify, to keep the rest of it, to keep my peers and 193 00:12:45.740 --> 00:12:48.860 my boss and the management team happy, how many whether it's leads, mqls. 194 00:12:48.899 --> 00:12:50.899 You know, however, you define top of the funnel right, use 195 00:12:50.940 --> 00:12:56.220 the reverse funnel math to basically backtrack out what you need to be spending in, 196 00:12:56.779 --> 00:13:00.250 you know, a typical demanjat program right, or demand M programs across 197 00:13:00.250 --> 00:13:03.049 a quarter to hit that quarterly target. Yeah, assuming revenue target, that's 198 00:13:03.049 --> 00:13:05.850 going to take a massive chunk of change out of your budget, right, 199 00:13:05.970 --> 00:13:09.129 like that's just good and you have to do it because it is a compromise 200 00:13:09.169 --> 00:13:11.610 with other people on your team. So that's number one. So I'm using 201 00:13:11.649 --> 00:13:16.879 reverse funnel math to backtrack out the demand end budget and that chunk is spoken 202 00:13:16.960 --> 00:13:20.759 for. Then there's also, you know, the tools and tech. I 203 00:13:20.840 --> 00:13:22.960 need some carving that out, but typically what ends up happening is is like, 204 00:13:24.080 --> 00:13:26.679 after you've kind of done your funnel analysis, you've come up with your 205 00:13:26.679 --> 00:13:28.909 quarterly targets in terms of like what you need to hit, and then also 206 00:13:28.950 --> 00:13:33.909 the costs and campaigns that you know you need to run right to actually hit 207 00:13:33.950 --> 00:13:35.710 that target, there's going to be a chunk of budget that's left over. 208 00:13:37.029 --> 00:13:41.190 Almost always right, and typically the way I think about that is all go 209 00:13:41.389 --> 00:13:45.419 to senior management say hey, I'm signing up for this lead target, this 210 00:13:45.580 --> 00:13:48.419 opportunity target, this customer target. I'm going to use this amount of money 211 00:13:48.460 --> 00:13:52.500 to actually go out and get those leads or empty walls, however you wanted 212 00:13:52.539 --> 00:13:56.690 to find it. But there's this chunk of budget that's left over that I'm 213 00:13:56.690 --> 00:14:00.250 going to be using to build brandware, or not necessarily brand awareness, I 214 00:14:00.289 --> 00:14:03.210 like to say brand affinity, brand affinity with the people were trying to sell 215 00:14:03.250 --> 00:14:05.090 to. You know, that could be roughly twenty, two thirty percent of 216 00:14:05.129 --> 00:14:07.929 the budget. Typically it's closer to twenty. And the other thing I would 217 00:14:07.929 --> 00:14:13.879 say there is that what we do is we were in abm shop, right, 218 00:14:13.919 --> 00:14:16.960 so where account based, marketing, Account Bass sales. So what new 219 00:14:16.080 --> 00:14:20.320 is when I when we talk about those brand activities, right, depending on 220 00:14:20.519 --> 00:14:24.350 the platform, you can get a glimpse into what companies are actually engaging with 221 00:14:24.429 --> 00:14:26.990 that brand content. Right. So, for instance, Linkedin, if I 222 00:14:28.110 --> 00:14:31.110 run sponsored video and target it to the prospects and companies that were actively trying 223 00:14:31.149 --> 00:14:35.429 to get into I can see whether or not those companies engage with the content. 224 00:14:35.070 --> 00:14:37.149 So that's kind of how I think about it. You know, start 225 00:14:37.190 --> 00:14:41.340 with the demand, Jen figure out the targets that you need to hit to 226 00:14:41.460 --> 00:14:43.460 one hit your revenue number, but to keep everyone happy, you know, 227 00:14:43.580 --> 00:14:46.259 carve out what you need for tools, but then, kind of with that 228 00:14:46.379 --> 00:14:50.740 chunk of budget that's left over, I would dedicate that to brand and, 229 00:14:50.820 --> 00:14:52.649 to be honest, like, if I didn't have to make those compromises, 230 00:14:52.730 --> 00:14:56.850 I'd probably invest even more in brand, simply because not to like, you 231 00:14:56.929 --> 00:15:00.090 know, go on a diet tribe. But if you think about it, 232 00:15:00.529 --> 00:15:05.129 contents becoming more saturated. Ad Budgets are going up, compounding roughly twenty percent 233 00:15:05.169 --> 00:15:09.639 year over year. So like those typical like demand employs or play book, 234 00:15:09.639 --> 00:15:13.879 you know that demand gend playbook is rapidly becoming stale and more expensive. So 235 00:15:15.000 --> 00:15:18.360 I would actually argue that, you know, going into the next five years, 236 00:15:18.399 --> 00:15:22.750 a company's ability to generate demand is actually going to be infinitely better or 237 00:15:22.990 --> 00:15:28.830 more efficient by do it by building brand and building brand affinity, then it 238 00:15:28.870 --> 00:15:33.230 would be trying to do any typical marketing playbook, you know, like gated 239 00:15:33.350 --> 00:15:37.899 content, Gavid Webinar ad supporting that stuff like that. Yeah, I talked 240 00:15:37.899 --> 00:15:39.700 a lot. I hope that makes sense. That makes perfect sense, I 241 00:15:39.740 --> 00:15:43.860 think. I think you know you're right, just kind of to de fitting 242 00:15:43.899 --> 00:15:46.100 you of good t when you group, when you go insight is show up 243 00:15:46.179 --> 00:15:50.649 and the websites you write. I mean the difficulty of the topic today is 244 00:15:50.690 --> 00:15:54.330 that I think you can of need to measure some stuff because you can't get 245 00:15:54.370 --> 00:15:58.730 away with it. But I think what we're saying is that, look, 246 00:15:58.809 --> 00:16:00.289 you still need to think about your brand. You need to think about the 247 00:16:00.370 --> 00:16:03.759 longer term. Don't just get because if not, will everybody will do email 248 00:16:03.840 --> 00:16:07.919 campaigns, which is kind of a little bit dead now, but very easy 249 00:16:07.960 --> 00:16:11.360 to manage, very easy to measure the result. Someone respond to the email. 250 00:16:11.399 --> 00:16:14.000 What are interested? If they don't respond, well, technically they're not 251 00:16:14.120 --> 00:16:17.600 interested. But I think, I think you can of eat the nail on 252 00:16:17.679 --> 00:16:21.309 the end with the with the way to go about it. And and I 253 00:16:21.389 --> 00:16:23.629 guess for me, from my personal perspective, which is may not be the 254 00:16:25.230 --> 00:16:27.429 perspective of all the audience, what I really wanted to get from you today 255 00:16:27.509 --> 00:16:32.860 is you know what sort of percentage of budgets, percentage of time would you 256 00:16:32.940 --> 00:16:36.659 be allocating the brand, and I think if we were to get a rough 257 00:16:36.740 --> 00:16:41.379 number, I would be around twenty persons, just like a fifth of time 258 00:16:41.460 --> 00:16:44.179 and the fifth of the of the budget, which, you know, kind 259 00:16:44.220 --> 00:16:48.649 of makes sense to me. You know, it's it's it's it's important, 260 00:16:48.690 --> 00:16:52.330 I think, to invest. May Be thinking about it from a different perspective 261 00:16:52.450 --> 00:16:56.929 because operatic is a company that I started. You know, I was there 262 00:16:56.009 --> 00:17:00.049 from day one. So the name operatics the brand really mean something to me. 263 00:17:00.250 --> 00:17:03.679 So I want the brand to do well and the brand to thrive. 264 00:17:03.799 --> 00:17:07.799 And may be different when you are in an organization it is a bit larger 265 00:17:07.920 --> 00:17:11.920 and people may not say it in some perspective, but twenty person seems fair 266 00:17:11.039 --> 00:17:15.230 and I think that's that's emissively what we are trying to do. I've said 267 00:17:15.269 --> 00:17:19.789 that already on a few on a few episodes, but you know, it's 268 00:17:19.829 --> 00:17:23.710 it's kind of refreshing because I was probably on the opposite side thinking, you 269 00:17:23.789 --> 00:17:26.869 know, brand Pia, what's the point? You know our new complas, 270 00:17:26.950 --> 00:17:32.500 realize it's use less. Up until the point I started to get into conversation 271 00:17:32.700 --> 00:17:37.500 with prospect that I was meeting at events or even people emailing me and saying, 272 00:17:37.579 --> 00:17:41.460 look, just would like to really interested to work with the products which 273 00:17:41.500 --> 00:17:45.329 just you know, we cannot validated the references and stuff. We already spoke 274 00:17:45.410 --> 00:17:48.809 to people. Lots of people speak about you, guys, and there is 275 00:17:48.809 --> 00:17:51.529 a good vibes around you. There is a buzz around you, but I 276 00:17:51.690 --> 00:17:55.769 just don't know if I can afford your services. So I wanted to speak 277 00:17:55.809 --> 00:17:57.569 to you and see if, you know, I made too small and made 278 00:17:57.599 --> 00:18:02.799 the right size to work with you. Petickuly, people approaching you saying or 279 00:18:02.880 --> 00:18:04.839 you seem to be doing so great that I don't know if I've got enough 280 00:18:04.880 --> 00:18:07.480 money for you. You see, it's got to be very expensive for the 281 00:18:07.519 --> 00:18:11.519 reason that I believe you're delivery, and that's from a perspective. Is Actually 282 00:18:11.799 --> 00:18:15.549 is Brent and and we started that really three years ago to get that sort 283 00:18:15.589 --> 00:18:19.309 of feedback, and they keep on going since and but yeah, it's it's 284 00:18:19.309 --> 00:18:22.670 a lot of work to be done. It's a lot for us. It's 285 00:18:22.829 --> 00:18:26.990 community building. We're going to be walking on our website this year as well 286 00:18:26.029 --> 00:18:29.740 because, you know, we've done a lot of things that are offline, 287 00:18:29.740 --> 00:18:33.099 if you will, that are not really as you mentioned with your example, 288 00:18:33.220 --> 00:18:36.140 with staples, you can't find them online. So we need to be more 289 00:18:36.180 --> 00:18:40.099 consistent. So we do know those things, but that twenty percent seems fail 290 00:18:40.180 --> 00:18:42.490 and I think you you, you, you ready the NAT on Tetz. 291 00:18:42.529 --> 00:18:47.930 That twin so much. If anyone a fologians would like to carry on the 292 00:18:48.009 --> 00:18:51.890 conversation, Weise you out of the pot. Get a note of decision today 293 00:18:51.930 --> 00:18:55.009 with what's the best way to get in touch with you? Yeah, sure, 294 00:18:55.250 --> 00:18:57.559 so people can find me on linkedin or shoot me an email. My 295 00:18:57.720 --> 00:19:03.160 linkedin is forward slash MC Fleming. Feel free to pick me there. I 296 00:19:03.319 --> 00:19:07.759 love talking about this kind of stuff. Alternatively, if you want to reach 297 00:19:07.799 --> 00:19:11.390 me up by email, you can hit me up at Matthew Dot Fleming, 298 00:19:11.549 --> 00:19:14.789 with one M at load smartcom. That's one enough food where. Thank you 299 00:19:14.829 --> 00:19:18.109 very much for you insight today, met it was a great pleasure to have 300 00:19:18.190 --> 00:19:19.430 you on the show. It was a pleasure to be on. Thanks for 301 00:19:19.470 --> 00:19:26.420 having me. operatics has redefined the meaning of revenue generation for technology companies worldwide. 302 00:19:26.460 --> 00:19:33.140 While the traditional concepts of building and managing inside sales teams inhouse has existed 303 00:19:33.220 --> 00:19:37.180 for many years, companies are struggling with a lack of focus agility and scale 304 00:19:37.569 --> 00:19:45.089 required in today's fast and complex world of enterprise technology sales. See How operatics 305 00:19:45.210 --> 00:19:51.250 can help your company accelerate pipeline at operatics dotnet. You've been listening to be 306 00:19:51.450 --> 00:19:56.119 tob revenue acceleration. To ensure that you never miss an episode, subscribe to 307 00:19:56.160 --> 00:19:59.640 the show in your favorite podcast player. Thank you so much for listening. 308 00:19:59.680 --> 00:20:00.799 Until next time.

Other Episodes

Episode

May 29, 2019 00:22:47
Episode Cover

42: Turning Marketing Into a Revenue Engine w/ Lee Hackett

CMOs are often faced with an overwhelming amount of shiny new toys when they step into their role — marketing automation platforms, ABM tools,...

Listen

Episode 165

November 30, 2023 00:42:44
Episode Cover

165: Mastering Account-Based Marketing: Playbooks, Metrics, and Methodology

Want to ace your account-based marketing strategy? With tips on everything from playbooks to SDR integration, look no further than this episode of B2B...

Listen

Episode

November 05, 2020 00:19:06
Episode Cover

90: Building Relationships in a Virtual World w/ Deirdre McGinn

During the lockdown, it has been a challenge for most of us to build relationships with employees, clients, suppliers, and teams in our new...

Listen