92: Revenue Generation X Brand Building w/ Efrat Fenigson

December 03, 2020 00:30:55
92: Revenue Generation X Brand Building w/ Efrat Fenigson
B2B Revenue Acceleration
92: Revenue Generation X Brand Building w/ Efrat Fenigson

Dec 03 2020 | 00:30:55

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Show Notes

Deciding whether to focus on revenue generation or on brand building can feel like the two halves of the brain being at war.

The truth is that organizations need to nurture both building their brand and generating revenue at the same time. But how?

In this episode, we interview Efrat Fenigson, VP Marketing at Mindspace and Co-founder at G-CMO, about revenue generation versus brand building.

We talked about the left side & right side of the brain, actionable strategies for sales & marketing alignment, and the case for building brand.

Check out this resource we mentioned during the podcast the G-CMO podcast is Marketers In Capes and G-CMO has even more podcast resources.

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

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Episode Transcript

WEBVTT 1 00:00:00.960 --> 00:00:05.960 You were listening to be tob revenue acceleration, a podcast dedicated to helping software 2 00:00:06.000 --> 00:00:10.189 executives stay on the cutting edge of sales and marketing in their industry. Let's 3 00:00:10.189 --> 00:00:15.150 get into the show. Hi, welcome to be to be a revenue acceleration. 4 00:00:15.589 --> 00:00:19.550 My name is aim with you and I'm here today with Effrat Fedisen, 5 00:00:19.910 --> 00:00:25.100 VP marketing at mind space, and confounder GCMO. I want you to do 6 00:00:25.379 --> 00:00:28.300 today affront. I'm very well. Thank you. How are you? Yeah, 7 00:00:28.660 --> 00:00:32.659 great, great, great, great. So I'll discussion today will be 8 00:00:32.780 --> 00:00:38.850 around revenue generation versus Brent building. All right, so I'll do CEOS and 9 00:00:39.049 --> 00:00:43.289 CFOs are going after marketing people with a stake and say you're spending so much 10 00:00:43.289 --> 00:00:46.329 money in red building. Why is my money back? But but before we 11 00:00:46.409 --> 00:00:50.840 go to the conversation, would you mind just introducing yourself to audience explain maybe 12 00:00:50.840 --> 00:00:54.880 a little bit more about mind space, but also your organization, or your 13 00:00:55.000 --> 00:00:59.679 group, Gcmo, and what you create it? Absolutely so. I'm based 14 00:00:59.719 --> 00:01:03.359 out of Israel right now, talking to you from Tel Aviv, and I've 15 00:01:03.439 --> 00:01:07.549 been around take and marketing for the past twenty years, and it started as 16 00:01:07.590 --> 00:01:12.310 a computer software engineer and moved slowly to business and marketing. I've worked in 17 00:01:12.390 --> 00:01:19.780 many tech companies and ran marketing organizations in various types of startups or larger organizations. 18 00:01:19.099 --> 00:01:23.420 I have GCMO, which will will discuss in a moment, which is 19 00:01:23.459 --> 00:01:29.340 a community of Israel's top one hundred CMOS from global company. So G stands 20 00:01:29.379 --> 00:01:33.209 for global and I have a video cast and a podcast which I run with 21 00:01:33.370 --> 00:01:38.090 a friend and we talked about marketing and strategy's in Hebrews has for the Israeli 22 00:01:38.129 --> 00:01:42.090 audience and I'm an advocate for personal branding. Personal branding for me is a 23 00:01:42.209 --> 00:01:47.519 passion and I have a community on facebook for four thousand people and we talked 24 00:01:47.519 --> 00:01:51.159 about personal branding a lot and I let her about it too. And at 25 00:01:51.239 --> 00:01:55.239 Mine Space, I'm the VP of marketing. I joined the company in the 26 00:01:55.319 --> 00:01:59.200 beginning of the year, so couple of months before corona time, so very 27 00:01:59.959 --> 00:02:06.709 that's occasion, very specially, very smooth sailing into them and buying space. 28 00:02:06.829 --> 00:02:13.150 Is a global company with dirty offices, thirty branches around Europe and the US. 29 00:02:13.990 --> 00:02:17.259 We have sixteen cities that were located in in Germany, for example. 30 00:02:17.340 --> 00:02:22.699 We have eight offices in the Netherlands, in the UK, in Romania, 31 00:02:22.740 --> 00:02:28.099 in Poland and in the US. Basically we provide flexible spaces for companies of 32 00:02:28.219 --> 00:02:34.289 all sizes, whether you're startup or a large enterprise. We provide different types 33 00:02:34.370 --> 00:02:39.050 of flexible offices, whether it's a small suite, a small office or private 34 00:02:39.090 --> 00:02:44.879 suite or a whole floor for a company. We also have some casual spaces 35 00:02:45.039 --> 00:02:49.960 for meetings or recordings or event spaces, and minds is a very unique company 36 00:02:50.000 --> 00:02:54.919 because the emphasis is strongly on our customer service, which is very high in 37 00:02:55.080 --> 00:03:00.110 its stand dirts, and also our design and art, which we're advocates for, 38 00:03:00.430 --> 00:03:05.349 and each location is beautifully designed, very differently from one another and also 39 00:03:05.509 --> 00:03:07.909 very, very much adapted to the city that we're in. So we're not 40 00:03:08.270 --> 00:03:13.620 in the cookie cutter approach. Each location is totally different and I love that 41 00:03:13.819 --> 00:03:16.939 company because it has such unique brand and values, and we will talk about 42 00:03:16.939 --> 00:03:22.259 that more because that's that's the session. So does the session. Yeah, 43 00:03:23.060 --> 00:03:27.650 I'm a setup. I've seen the look of Jare a must mesurface and it 44 00:03:27.770 --> 00:03:30.810 looks really, really good. You know, I've got to say the funiture 45 00:03:30.810 --> 00:03:32.569 and everywhere a bit jealous. I'm trying to pick up somebody's from my own 46 00:03:32.610 --> 00:03:36.810 living room now. Yeah, we're glad. It's okay, this is this 47 00:03:37.050 --> 00:03:39.370 is it. It looks really good. So I fact, we know that 48 00:03:39.569 --> 00:03:46.520 finding the right balance between brand building and river, you generating activities in marketing 49 00:03:46.960 --> 00:03:50.280 is kind of a common challenge and seems to be faced by many be to 50 00:03:50.319 --> 00:03:53.479 be market all about the worlds. Yeah, do you relate to that? 51 00:03:53.759 --> 00:03:58.030 First and where do you think? What do you think the right balance is 52 00:03:58.189 --> 00:04:02.270 between both the building the brand and the more longer known rover and you generating 53 00:04:02.310 --> 00:04:06.349 as such, in the short term activity is not scially generation. Oh yeah, 54 00:04:06.469 --> 00:04:12.259 so I totally relate to that and I think that each marketing department probably 55 00:04:12.340 --> 00:04:17.139 has that phenomena of splitting it itself to the left side of the brain and 56 00:04:17.220 --> 00:04:19.540 the right side of the brain. That's how I like to look at it, 57 00:04:19.660 --> 00:04:23.939 and I think that on the left side of the brain we're looking at 58 00:04:24.180 --> 00:04:29.649 demand, general ration, Lee Generations, things that are in shorter cycles and 59 00:04:29.889 --> 00:04:33.250 will allow us to create revenue in a shorter pace, and we will be 60 00:04:33.490 --> 00:04:40.879 very much driven by acquisition and creating revenue. Our review will be more short 61 00:04:40.879 --> 00:04:44.759 term view and we will do a lot of paid and guerrilla and and short 62 00:04:44.759 --> 00:04:48.079 term campaigns to satisfy this left side of the brain. And then on the 63 00:04:48.160 --> 00:04:54.110 right side of the brain, will take care of our brand identity and reputation. 64 00:04:54.750 --> 00:04:59.509 Will look at organic tools and tactics like content marketing, like pr like 65 00:04:59.709 --> 00:05:02.670 brand campaigns, and our main goal would be to generate awareness and be top 66 00:05:02.709 --> 00:05:09.459 of mind with our audiences and and have our audience identify with the personality of 67 00:05:09.500 --> 00:05:12.980 our brand. And I think that it's a very long term process and the 68 00:05:13.100 --> 00:05:16.220 results are seeing with time and it takes time to see them, but I 69 00:05:16.420 --> 00:05:20.970 think that when that right side of the brain is properly in placed, it 70 00:05:21.129 --> 00:05:26.009 definitely complements the left side of the brain and allows it to function in a 71 00:05:26.129 --> 00:05:30.649 lot in a much better way. So I definitely relate with that statement and 72 00:05:30.930 --> 00:05:38.000 I think that in order to have a good operating marketing machine and your organization, 73 00:05:38.759 --> 00:05:43.240 you should nurture both these left side and right side of the brain. 74 00:05:43.720 --> 00:05:46.519 I think young startups, I've been working with a lot of startups in my 75 00:05:46.680 --> 00:05:51.029 career, and I think that young startups put more emphasis on the left side 76 00:05:51.029 --> 00:05:57.069 of the brain and they're going for okay, how can we acquire new customers, 77 00:05:57.230 --> 00:06:00.829 new investors and and what do we need to do in order to generate 78 00:06:01.350 --> 00:06:05.139 that demand, which is very important, no doubt, and it needs to 79 00:06:05.220 --> 00:06:08.899 be there. But they neglect, I think, the right side of the 80 00:06:08.980 --> 00:06:13.860 brain, and that's something that I would say for younger startups, if they 81 00:06:13.939 --> 00:06:17.569 can start thinking of who they are, what's the identity of their company, 82 00:06:17.889 --> 00:06:21.970 what kind of messages, what kind of values they want to convey to their 83 00:06:23.050 --> 00:06:28.529 audiences, that from a very early stage, that would help their target audience 84 00:06:28.649 --> 00:06:31.649 to connect with their company in a much stronger way and will allow them to 85 00:06:31.850 --> 00:06:36.680 do their core left side of the brain work in a much more efficient way. 86 00:06:36.959 --> 00:06:40.759 Yeah, that makes sense. That makes perfect sense, and we know 87 00:06:40.839 --> 00:06:45.759 that's marketing, marketing, engineeral or controve, is value in generating revenue. 88 00:06:45.920 --> 00:06:49.269 If there is no cruise alignment with cells, okay, so illn't you get 89 00:06:49.430 --> 00:06:54.949 that true collaboration between marketing and cells, particularly when it comes to something like 90 00:06:55.110 --> 00:06:59.750 branding? Wow, you know, branding may sounds probably more on the cell 91 00:06:59.870 --> 00:07:04.139 side of the conversation are but branding mysels like that nice fluffy activity maybe for 92 00:07:04.339 --> 00:07:08.100 service guy, and that's really what we'll get us, commission at the end 93 00:07:08.100 --> 00:07:11.420 of the mount so to question. I'll do you manage that alignment and I'll 94 00:07:11.459 --> 00:07:13.980 do you get that by it? How do you get their buy and how 95 00:07:14.019 --> 00:07:18.410 do you make I'm absolutely great, great questions. I think it's also super 96 00:07:18.490 --> 00:07:26.410 relevant right now when we're in this economical crisis time and companies are way more 97 00:07:26.889 --> 00:07:31.800 sales driven than they were before because everyone got hit in some way in this 98 00:07:32.079 --> 00:07:38.000 crisis. So I think that the pressure in a way is put more on 99 00:07:38.199 --> 00:07:43.560 marketing right now to justify the budgets, to justify the positions, to justify 100 00:07:43.720 --> 00:07:48.470 the head counts, and if marketing teams will not be sales oriented, I 101 00:07:48.629 --> 00:07:53.110 think it would be a great challenge for them. So now more than ever, 102 00:07:53.509 --> 00:07:56.829 I think that this question is so relevant because if you don't create that 103 00:07:56.870 --> 00:08:01.459 alignment with sales, you are in a problem. And yes, that's CFO 104 00:08:01.819 --> 00:08:05.540 and that cro of the organization. How do you make them your partners and 105 00:08:05.699 --> 00:08:09.220 how do you align with them in a way that when you ask for that 106 00:08:09.420 --> 00:08:15.209 budget for brand building, they'll be bought in? And so I think the 107 00:08:15.449 --> 00:08:20.529 first thing I'd say about that is communication. First of all, internal communication 108 00:08:20.850 --> 00:08:24.769 in the company, educating the company, and I'm not just talking about the 109 00:08:24.810 --> 00:08:28.319 CFO in the cro but I'm talking about all your sales rits, all your 110 00:08:28.519 --> 00:08:35.600 field representatives, whatever their positions are, whether their customer service or maintenance, 111 00:08:35.799 --> 00:08:41.320 whatever it is. They need to be bought in to the concept of okay, 112 00:08:41.470 --> 00:08:46.629 we generate business and we bring revenue, but we also help this company 113 00:08:46.669 --> 00:08:50.429 be who it is, yeah, and what it stands for work. And 114 00:08:50.990 --> 00:08:56.179 once they feel that the identity of the company is quite clear and the messaging 115 00:08:56.539 --> 00:09:01.059 is clear for them and the kind of brand work and brand campaigns that we 116 00:09:01.340 --> 00:09:05.700 generate make them feel proud. It helps them sell, it helps them do 117 00:09:05.940 --> 00:09:11.570 their work better right, and so if they understand that that right side of 118 00:09:11.649 --> 00:09:16.690 the brain, that brand building work is work that is essentially helping sales, 119 00:09:16.009 --> 00:09:20.570 then they will support it. So it starts with education and communication, and 120 00:09:20.889 --> 00:09:24.600 I do a lot of internal communication inside the company to always, and I 121 00:09:24.639 --> 00:09:31.039 encourage my cot my team to do the same, to always communicate first internally 122 00:09:31.120 --> 00:09:35.279 about stuff that we're doing, let the other employees know what's coming out in 123 00:09:35.480 --> 00:09:39.629 one day or in two days, and then launch it and then they see 124 00:09:39.950 --> 00:09:41.870 and then we talk to them about it. So they're always like part of 125 00:09:43.110 --> 00:09:48.590 our work and they're experiencing our work as part of the company's work. Now, 126 00:09:48.029 --> 00:09:54.340 on a more tactical stage, we as marketing we build our goals right 127 00:09:54.379 --> 00:09:58.820 up from the sales goals. So my goals from my team are the closed 128 00:09:58.899 --> 00:10:05.460 one opportunities of sales. They don't get goals from me for s qls or, 129 00:10:05.860 --> 00:10:09.809 you know, and qls. They get goals from me on how many 130 00:10:11.090 --> 00:10:15.289 sales, how many workstations have we sold in our spaces, because those are 131 00:10:15.370 --> 00:10:20.690 the sales goals and when the marketing team and the sales teams are aligned on 132 00:10:20.809 --> 00:10:24.919 the same goals it's much easier to drive to the same place. So even 133 00:10:24.960 --> 00:10:31.039 people on my marketing team that have brand related positions, they know that ultimately 134 00:10:31.720 --> 00:10:37.029 their work is supposed to drive sales, even if they're measured on other things 135 00:10:37.110 --> 00:10:41.149 like they're measured on, for example, engagement or traffic or whatever, because 136 00:10:41.190 --> 00:10:43.950 they're doing brand stuff. They know that in the end of the day the 137 00:10:43.629 --> 00:10:50.419 goal of organic traffic is to see how many one deals we got out of 138 00:10:50.620 --> 00:10:54.899 organic traffic. You know what I mean. So I may not I may 139 00:10:54.980 --> 00:10:56.740 not give them the bonus based on that, but they know that in the 140 00:10:56.779 --> 00:11:00.500 end of the day that's what we're looking at. Now. The other thing 141 00:11:00.620 --> 00:11:05.090 is that I align my team on the sales goals all the time. So 142 00:11:05.250 --> 00:11:09.850 quarterly or every six months, every twelve months, they know what the sales 143 00:11:09.970 --> 00:11:13.570 team's goals are and they know, as a result of that, what our 144 00:11:13.690 --> 00:11:18.879 goals are. So there's constantly discussions about that. There's also some small stuff 145 00:11:18.919 --> 00:11:20.799 that I do to just keep it in existence all the time. For example, 146 00:11:20.840 --> 00:11:26.320 I have a daily sales force report that is being sent to the whole 147 00:11:26.399 --> 00:11:30.960 marketing team to look at a table with all the deals that we've signed in 148 00:11:31.039 --> 00:11:35.269 the previous day, so they see in which location it was, what we 149 00:11:35.389 --> 00:11:37.950 sold, how much it was sold for, who's the customer, and it 150 00:11:39.110 --> 00:11:43.269 keeps them much closer to the field to what we're actually selling and what we're 151 00:11:43.269 --> 00:11:46.659 actually doing. Now, you would say, you would argue that's sales work 152 00:11:46.740 --> 00:11:50.820 right, like why would they care? Because they started it, like I 153 00:11:50.940 --> 00:11:54.259 have the lead source there and I have you know when it started and which 154 00:11:54.379 --> 00:11:58.899 location, so they can feel proud that their work is actually contributing to the 155 00:11:58.940 --> 00:12:03.210 bottom line of the company and they all get it every morning now. As 156 00:12:03.210 --> 00:12:05.889 a result of that, the management team also was so excited about this report 157 00:12:05.970 --> 00:12:09.889 that they also asked to get it. So the whole management team is now 158 00:12:09.929 --> 00:12:13.049 seeing this report every morning and my marketing team. That's another small thing that 159 00:12:13.090 --> 00:12:18.879 I do. The other thing is I constantly show our work internally. So 160 00:12:20.000 --> 00:12:24.799 whenever we succeed with something or we launch a very nice campaign, I make 161 00:12:24.960 --> 00:12:30.990 a point of communicating that by email to the whole company and by a slag 162 00:12:31.350 --> 00:12:35.870 and then obviously social media, etc. So they're constantly seeing our work. 163 00:12:35.909 --> 00:12:39.549 It's not like I would be very surprised if someone came to me or one 164 00:12:39.590 --> 00:12:43.190 of my team members and say, what is this thing you're working on? 165 00:12:43.429 --> 00:12:46.940 Why didn't anyone tell us? Like everything it, we have very high level 166 00:12:46.980 --> 00:12:50.700 of visibility, so there are no surprises and everyone knows how to anticipate our 167 00:12:50.899 --> 00:12:54.899 next steps and their next steps. As a result of that, I make 168 00:12:54.940 --> 00:13:00.850 sure that there are weekly synchronization meetings between M team members and the field sales 169 00:13:01.049 --> 00:13:05.889 rips. I have ongoing sync meetings with our head of sales and I think 170 00:13:05.210 --> 00:13:11.409 the Nice thing about this close collaboration is the fact that they see us as 171 00:13:11.529 --> 00:13:16.320 partners because when they want to now launch a new sales initiative in their market, 172 00:13:16.759 --> 00:13:20.519 they come to us first, like they speak to us. They consult 173 00:13:20.559 --> 00:13:22.960 with us and we do stuff together and we support them. So I think 174 00:13:24.000 --> 00:13:28.149 that we managed to create a real team environment between sales and marketing in the 175 00:13:28.190 --> 00:13:33.710 different markets that we work in or for the different products, and it's you 176 00:13:33.830 --> 00:13:37.590 need to do a lot of small things that will aggregate to a good collaboration. 177 00:13:37.950 --> 00:13:41.620 But if, if what drives you, I'm going back to the beginning, 178 00:13:41.620 --> 00:13:46.179 if what drives you is that the sales and the marketing teams are really 179 00:13:46.340 --> 00:13:52.299 sharing the same goals and the same measurement, then I think that's the starting 180 00:13:52.379 --> 00:13:56.129 point to align sales. Certainly right. First of all, thank you so 181 00:13:56.289 --> 00:14:01.289 much for going for that, because this is proper, in the strenchy type 182 00:14:01.330 --> 00:14:03.769 of advice of what you are doing, like, not just like a theority 183 00:14:03.850 --> 00:14:07.169 call over view of what should be done, but that's what you are doing. 184 00:14:07.409 --> 00:14:11.759 You know, I was listening very, very attentively, and what comes 185 00:14:11.799 --> 00:14:15.039 to my mind at the end of all those things that you went through is 186 00:14:15.080 --> 00:14:18.000 really, you know, to get your brand out, you need to build 187 00:14:18.240 --> 00:14:22.799 the your own branding timidly. You know you are speaking about being a massive 188 00:14:22.840 --> 00:14:26.909 advocate for pussonal Brending, but that's technically what you are doing with in your 189 00:14:26.909 --> 00:14:31.870 organization, at your level, the marketing team level, and that the cells 190 00:14:31.909 --> 00:14:37.190 and marketing team walking together a level. Okay, so you've got different level 191 00:14:37.190 --> 00:14:41.179 of branding there and I really like that because it does actually does make sense. 192 00:14:41.419 --> 00:14:46.019 And my next kind of question is but management, because I was I 193 00:14:46.100 --> 00:14:48.460 feel ashamed to say it but I'm going to say it anywhere. What's kind 194 00:14:48.500 --> 00:14:52.610 of particularly when we first started at operatics, really earlier on, I was 195 00:14:52.769 --> 00:14:58.370 not a big believer in branding. I just so that you know, branding 196 00:14:58.490 --> 00:15:01.970 will come from world of mass. Yeah, branding will come from we do 197 00:15:01.049 --> 00:15:05.009 a good job for someone, that someone will speak to their friends and then 198 00:15:05.090 --> 00:15:09.000 you go to someone else, etc. Etc. And then the fund starts 199 00:15:09.000 --> 00:15:13.399 ringing and that's okay when your moment bok shop, small business. But then 200 00:15:13.600 --> 00:15:16.840 as time went by, the ambition can of change. And I think I've 201 00:15:16.840 --> 00:15:20.039 said that origin on a few on a few podcasts. But one day, 202 00:15:20.279 --> 00:15:24.309 funnily enough, he was preserved with an Israeli company that are now clients of 203 00:15:24.389 --> 00:15:28.870 us. Actually just become a clients recently, two months ago, but I 204 00:15:28.990 --> 00:15:33.429 met with the CEO in London and they said, look about a lot about 205 00:15:33.509 --> 00:15:37.340 you. I've got a lot of good things about operatics, but really the 206 00:15:37.500 --> 00:15:39.299 only thing that I'm not sure it is can of afford your services, and 207 00:15:39.460 --> 00:15:41.419 that, for me, is kind of okay. This is it? So 208 00:15:41.539 --> 00:15:46.220 all the monetive invests in brand building is that sentence was like, okay, 209 00:15:46.580 --> 00:15:50.169 I've got the realization of what it means. Now it's putting me in that 210 00:15:50.370 --> 00:15:54.730 category where maybe the world of Mosses as hell, but also all the other 211 00:15:54.850 --> 00:15:58.690 things that we've done, the way we communicate about the success, because technically, 212 00:15:58.730 --> 00:16:00.730 what you are doing, internally, what you just went through, is 213 00:16:00.809 --> 00:16:04.159 what a company should do for that branding is to speak about what they're doing, 214 00:16:04.279 --> 00:16:08.159 communicate, not wait for someone to communicate, not wait for someone else 215 00:16:08.200 --> 00:16:12.720 to do something. Everybody should communicate us from the cleaner. The cleaner should 216 00:16:12.720 --> 00:16:15.960 say that I'm happy to go and clean that company. It's a great company 217 00:16:17.000 --> 00:16:19.029 to clean. Fall up to the see you, you know, and everybody 218 00:16:19.070 --> 00:16:22.710 should really push that message out and I think we're really at what we actually 219 00:16:22.710 --> 00:16:26.309 then it's in walking progress, but we are much better at it. But 220 00:16:26.590 --> 00:16:30.350 Gudy, Tech Mountains to move to convince me. So I'd like to unders 221 00:16:30.509 --> 00:16:33.820 on your if it's just me, that was an issue for my own company 222 00:16:33.860 --> 00:16:37.700 and my own boat or neck. Or do you also face that? We 223 00:16:37.860 --> 00:16:40.539 see over, we see sweet what people are like. Is a a CFO 224 00:16:40.980 --> 00:16:44.299 or CEO? What that kind of you know, is a technique or technical 225 00:16:44.419 --> 00:16:48.730 minded or finance minded, and don't really get the concept of branding until they 226 00:16:48.730 --> 00:16:52.409 actually see it. Yeah, so you hit the nail on the head. 227 00:16:52.490 --> 00:16:56.210 It's not just your problem. Many people don't get it. Well, don't. 228 00:16:56.250 --> 00:17:00.210 Don't get it because they think like you, that you know it will 229 00:17:00.250 --> 00:17:03.880 come if it needs to come and we're doing a good job. It will 230 00:17:03.920 --> 00:17:07.559 come from other people, and I agree with you that there's nothing better than 231 00:17:07.640 --> 00:17:12.599 word of mouth. That's the best marketing method heads down. However, in 232 00:17:12.759 --> 00:17:18.549 order to get to the word of mouth, you need to work. All 233 00:17:18.549 --> 00:17:22.069 right, it doesn't happen very quickly to get to word of mouth and in 234 00:17:22.150 --> 00:17:26.990 order for people to start talking about you like that customer of yours heard about 235 00:17:26.029 --> 00:17:33.339 you from many different people. That takes some work and if you don't put 236 00:17:33.700 --> 00:17:37.259 who you are in a very clear, in a very compelling way out there, 237 00:17:37.740 --> 00:17:42.940 other people will not start doing it for you without any incentive or, 238 00:17:44.369 --> 00:17:47.650 you know, just because you're nice and they had a good experience. I 239 00:17:47.769 --> 00:17:49.450 mean, some of them will do it, but it's the only like the 240 00:17:49.690 --> 00:17:53.849 minority early adapters, most people want to do it. So if you give 241 00:17:53.890 --> 00:17:57.569 people the tools and if you give them the messages and you give them the 242 00:17:57.720 --> 00:18:03.759 visual tools and you teach them what's important and what's valuable and what you would 243 00:18:03.759 --> 00:18:07.880 like them to say about you, they would probably do it because you give 244 00:18:07.920 --> 00:18:11.039 them everything and then it's very easy work for them to do. But you 245 00:18:11.200 --> 00:18:14.029 need to give it to them, because most people are too busy and they 246 00:18:14.069 --> 00:18:17.670 don't have time to do your work for you. Right. So there's a 247 00:18:17.829 --> 00:18:22.670 way to push in a way word of mouth to drive it, and I 248 00:18:22.829 --> 00:18:26.829 think that every person can relate to that, whether there is CFO or a 249 00:18:26.990 --> 00:18:30.259 CEO or a technical person or a salesperson, can relate to the fact that 250 00:18:30.779 --> 00:18:37.180 the best way to be convinced is if someone told you about something and gave 251 00:18:37.220 --> 00:18:42.089 you a good recommendation. So if you can communicate clearly to your peers and 252 00:18:42.450 --> 00:18:48.690 to those tough people that the work you'll do is will is essentially a driver 253 00:18:49.130 --> 00:18:52.690 for word of mouth, they will collaborate with you. Yeah, and and 254 00:18:52.849 --> 00:18:59.359 you're absolutely right that a brand for for the marketing team and a brand for 255 00:18:59.559 --> 00:19:03.559 sales and marketing and a brand for a person who does the work is as 256 00:19:03.680 --> 00:19:07.440 important as the brand of the company itself. Yeah, right, and and 257 00:19:07.559 --> 00:19:11.950 it all starts with like clarifying for yourself who am I? What are my 258 00:19:12.069 --> 00:19:17.869 values, what's my personality, my characteristic? How would I like to be 259 00:19:18.069 --> 00:19:21.269 perceived? WHO's my target audience? And then go for it. So in 260 00:19:21.390 --> 00:19:25.180 this O caase, like my target audience is my employees in the company, 261 00:19:25.220 --> 00:19:27.380 right, yeah, right, yeah, or am I my C level calling? 262 00:19:27.740 --> 00:19:30.660 Yeah, and I think you know also work. Some company comes shot 263 00:19:30.779 --> 00:19:34.619 and let's let's point on the topic, is they always have one person that 264 00:19:34.819 --> 00:19:37.460 is the print build. So you see a lot of companies, while the 265 00:19:37.539 --> 00:19:41.210 CMO is the bread builder and that's super active. They share a lot of 266 00:19:41.369 --> 00:19:45.769 things, lichten and stuff like that, but then nobody, it's like his 267 00:19:45.170 --> 00:19:48.089 is on his own, you know, and I think that's that's okay. 268 00:19:48.210 --> 00:19:52.759 But and what we're trying to do at Paratix is structurally say to our guys, 269 00:19:52.799 --> 00:19:56.559 you know, because we've got a lot, lots of very appem plays. 270 00:19:56.680 --> 00:19:59.880 You know, we've got people who are ready appear from every stage in 271 00:19:59.920 --> 00:20:02.480 the companies. People would get the bottoms of people are in the middle, 272 00:20:02.599 --> 00:20:04.559 some people at the top. The people tend to be relatively happy and we 273 00:20:04.759 --> 00:20:07.589 try to keep them happy. This is important. APIC customers, you know, 274 00:20:07.670 --> 00:20:11.589 I pick. I'm sorry, happy staff, uppy employees makes up customers 275 00:20:11.630 --> 00:20:14.710 right, but were trying to encourage them to communicate more and so well, 276 00:20:14.829 --> 00:20:18.549 don't be shy. No, speak about your experience on linking. Be Honest, 277 00:20:18.670 --> 00:20:21.819 be ourself. We don't need to write something for your marketing. Don't 278 00:20:21.859 --> 00:20:26.539 need to put that things together. You re sharing something like that. That 279 00:20:26.700 --> 00:20:29.940 podcast, the Piezode, for example, is it's not really brending from me. 280 00:20:30.099 --> 00:20:33.339 For for me, branding is you saying about your experience as an individual 281 00:20:33.700 --> 00:20:37.930 within the company to the rest of the world and saying is telling about something 282 00:20:37.009 --> 00:20:41.769 that you've ad shived. Okay, obviously in the respecting DNDA, but that 283 00:20:41.930 --> 00:20:45.490 will give identity, that will give character, and I will give you know. 284 00:20:45.569 --> 00:20:48.289 I think what I would be seeking for if I us to recast is 285 00:20:48.329 --> 00:20:52.039 that's what people care about. People don't care about your new white paper earlier 286 00:20:52.039 --> 00:20:56.240 on, your podcasts and things like that, unless they happen to know someone 287 00:20:56.400 --> 00:20:59.079 or it's of interested them or the topic is of interest to them and they 288 00:20:59.119 --> 00:21:02.480 are doing some self education at the moment. But, quite frankly, when 289 00:21:02.480 --> 00:21:07.269 you look at those social network but I'm speaking about Clinton in the particular Yah, 290 00:21:07.509 --> 00:21:10.750 it's crowded. Yeah, provided so what you are looking you are looking 291 00:21:10.789 --> 00:21:15.349 for real emotion, really connective you know, and that's what we are trying 292 00:21:15.349 --> 00:21:18.460 to do at the moment, the exercise of emotional connection, emotional brain building 293 00:21:18.700 --> 00:21:22.140 through guys. Just speak about your experience, because what you tell me is 294 00:21:22.220 --> 00:21:26.539 beautiful. I love to hear it internally. Now let's go and share it 295 00:21:26.619 --> 00:21:29.819 with the world, and that's what we're trying to get an example, I 296 00:21:29.859 --> 00:21:33.569 must give you an example about exactly what you're talking about. The other day 297 00:21:33.890 --> 00:21:38.289 we had one of our community managers, community sales managers in Poland, receive 298 00:21:38.569 --> 00:21:44.609 a book are of flowers to the office from one of our customers and their 299 00:21:44.849 --> 00:21:48.359 company called think, from Sweden. They do like a financial payments. Yeah, 300 00:21:48.680 --> 00:21:52.920 and it's a large company think. So they sent her a book of 301 00:21:52.000 --> 00:21:59.160 flowers to say thank you for the beautiful process she took them through to sign 302 00:21:59.279 --> 00:22:02.670 their listener office. So there are costs, they're happy customer, right, 303 00:22:02.789 --> 00:22:04.589 and they sent our flowers in the end of the process us, after they 304 00:22:04.630 --> 00:22:07.829 signed a contract, saying that they took I don't remember if it was fifty 305 00:22:07.869 --> 00:22:11.950 or a hundred people office in Poland, and they send us the I mean 306 00:22:11.990 --> 00:22:17.380 the team in in Poland sent us the photo of the lady with the flowers 307 00:22:17.660 --> 00:22:22.740 and I told them straightaway or are you sending it to me perfect please uploaded 308 00:22:22.900 --> 00:22:26.660 to, first of all the Poland linkedin page, and we have a Polland 309 00:22:26.700 --> 00:22:30.250 facebook page, but to your individual pages and be proud of your work. 310 00:22:30.450 --> 00:22:33.009 Yeah, they asked for some help, so I gave them a little bit 311 00:22:33.049 --> 00:22:37.049 of text to put and they upload the photo of her with the flowers and 312 00:22:37.210 --> 00:22:41.130 we tag think and we said thank you and they all did it and then 313 00:22:41.210 --> 00:22:45.240 I did it as well, and then the whole company, almost the whole 314 00:22:45.240 --> 00:22:48.559 company, did it. Everybody knows about it photo and they posted it and 315 00:22:48.640 --> 00:22:52.920 it was one of the most successful posts we ever had on Linkedin. Imagine 316 00:22:53.039 --> 00:22:56.880 like twenty or thirty different people shared it, the same photo, and so 317 00:22:57.039 --> 00:23:00.549 it was like burnt in people's minds. And then the story of how a 318 00:23:00.630 --> 00:23:04.430 customer is saying thank you after a sales process. You know, it's something 319 00:23:04.470 --> 00:23:08.630 quite unique, pretty powerfulia and a lot of other people said like in the 320 00:23:08.670 --> 00:23:11.390 Commons, wow, this is one of the best, you know, proofs 321 00:23:11.509 --> 00:23:15.380 there are for who you are as a company. Like you don't need to 322 00:23:15.460 --> 00:23:18.539 do much more than that. Yeah, so it's about listening really and and 323 00:23:18.819 --> 00:23:23.819 giving your employees the power to do it, like listening to what is happening 324 00:23:23.859 --> 00:23:29.009 in the field and then once something happens and there's a trigger, you just 325 00:23:29.130 --> 00:23:32.849 encourage them to use their power. And absolutely, but there is there is 326 00:23:32.890 --> 00:23:34.809 that sort of resistance, I think, from people. Well, I was 327 00:23:34.849 --> 00:23:38.130 speaking to one of my stuff as like look, this fantastic. You should 328 00:23:38.170 --> 00:23:41.799 share that on Linkedin as our I don't know, I don't know from and 329 00:23:41.880 --> 00:23:45.160 I was like, you know, I follow you on instagram. I can 330 00:23:45.240 --> 00:23:48.599 see your dinner pretty much every day, which I don't care about. Right, 331 00:23:48.680 --> 00:23:52.039 that's not really bread. Birthday, if you want to actually share that 332 00:23:52.119 --> 00:23:53.200 stuff, this is the sort of things you want to share. This is 333 00:23:53.319 --> 00:23:57.589 meaningful. But there is a resistance of Oh, that's a bit of cloud. 334 00:23:57.750 --> 00:24:02.029 What would my calling think about me? What other people would think about 335 00:24:02.029 --> 00:24:03.470 me? What actually I think? You know, in the business world it 336 00:24:03.670 --> 00:24:07.069 is nice to be nice. I think it's also something a fantastic message to 337 00:24:07.150 --> 00:24:11.859 would think out as a company, right, because that act of kindness is 338 00:24:11.940 --> 00:24:15.299 something at text two minutes right, to get someone some flowers, you just 339 00:24:15.380 --> 00:24:18.940 need to get your card ready, gone the website, booth of you go. 340 00:24:18.299 --> 00:24:22.420 That's beautiful from them. Whether done that in their company is also a 341 00:24:22.579 --> 00:24:26.490 great advocate for that company brand, because doing that is such a gesture. 342 00:24:26.690 --> 00:24:30.569 You know, it's a simple things. Doesn't catch trust money next someone's Day. 343 00:24:30.809 --> 00:24:34.369 We make sure that your stories would be good after very simple thing like 344 00:24:34.490 --> 00:24:38.039 a thank you or please, you know. But anyway, we could get 345 00:24:38.039 --> 00:24:42.319 on farther, because that's I'm starting to get another episode and personal branding, 346 00:24:42.400 --> 00:24:47.440 because you're caught your way. Have to is your employees. Problem is something 347 00:24:47.519 --> 00:24:52.359 that everyone has and it's that balance between being humble and, yeah, fraid 348 00:24:52.400 --> 00:24:56.470 of how you'll be perceived. And people are just too busy being humble and 349 00:24:56.509 --> 00:25:00.829 they don't understand that during that time that their humble, many other people are 350 00:25:00.069 --> 00:25:06.549 like cross saying the higher way with showing off their achievements and they're losing business. 351 00:25:06.630 --> 00:25:10.660 So yeah, there's a whole other episode we should do about. Well, 352 00:25:10.740 --> 00:25:12.180 before that, you go do I've got one question for you. So 353 00:25:12.539 --> 00:25:17.180 I know that you're the the confronder of GCMO, which is a community that 354 00:25:17.339 --> 00:25:22.329 brings together Israel stop CMO from global companies, startups and VC's. It would 355 00:25:22.329 --> 00:25:26.369 be great if you could tell us a little bit more about GCMO and what 356 00:25:26.609 --> 00:25:30.049 motivated you to stop that community. Yeah, good, good one. So 357 00:25:30.250 --> 00:25:34.250 GCMO, we started the community about two, two and a half year, 358 00:25:34.329 --> 00:25:37.519 two and a half, three years ago, and we started very small because 359 00:25:37.559 --> 00:25:41.759 we're a group of CMOS that just needed someone to consult with. Sometimes you 360 00:25:41.880 --> 00:25:45.599 don't have anyone else in the company that shares the same problems and challenges, 361 00:25:45.759 --> 00:25:49.029 so you go to colleagues and so a few, few of us just came 362 00:25:49.109 --> 00:25:55.150 together and it started building and before we knew it were one hundred people from 363 00:25:55.309 --> 00:25:59.269 some of the biggest global companies in Israel. You probably know some of them, 364 00:25:59.470 --> 00:26:03.380 like and dogs or you know patricks variants. A lot of tech, 365 00:26:03.500 --> 00:26:07.460 but not just so the stream glasses USA like. There are a lot of 366 00:26:07.579 --> 00:26:11.579 consumer be to see, but also be to be and basically we wanted to 367 00:26:11.619 --> 00:26:18.339 position Israel, Israel's top marketing executives, as world leaders and marketing, because 368 00:26:18.380 --> 00:26:22.769 many people know Israel to be very good with developing technology, but they don't 369 00:26:22.769 --> 00:26:26.609 know enough how we're good with also driving that growth of the startup nation with 370 00:26:26.730 --> 00:26:30.609 the way we tell stories and the way we do mark getting. So that 371 00:26:30.769 --> 00:26:33.240 was the first goal. The second one was to create a community that will 372 00:26:33.279 --> 00:26:40.000 support and provide a think tank for us as Cmo so we can consult each 373 00:26:40.039 --> 00:26:45.559 other. And the third objective was to create a networking and career development platform 374 00:26:45.880 --> 00:26:49.029 for the CMOS, because it's also it's a small country. We have a 375 00:26:49.309 --> 00:26:53.029 lot of positions that are coming out and marketing and we can help each other 376 00:26:53.269 --> 00:26:57.269 with advancing in our career. So one of the things that I'm really proud 377 00:26:57.349 --> 00:27:02.220 of is the fact that, I forget to say we have a what's up 378 00:27:02.380 --> 00:27:06.500 group for the scare people. Yeah, and we talked daily in the whats 379 00:27:06.500 --> 00:27:08.700 up group. So imagine a what's up group that on a daily basis. 380 00:27:08.940 --> 00:27:14.059 You have discussions, not every week, every day. So one hundred people 381 00:27:14.099 --> 00:27:18.890 like buzzing with questions to each other, like who used operatics before? Can 382 00:27:18.890 --> 00:27:22.250 you recommend them? Can you give me a good vendor for PR in Japan? 383 00:27:22.529 --> 00:27:26.690 You know, how do you manage a team with bonuses or whatever kind 384 00:27:26.730 --> 00:27:29.890 of question you can think about, it's being put there and just people help 385 00:27:29.970 --> 00:27:34.160 each other. And so we do demos together for platforms, for marketing technology 386 00:27:34.519 --> 00:27:41.119 platforms, for example. We do academic programs with universities where some of our 387 00:27:41.240 --> 00:27:45.430 CMOS are speakers at those programs, helping the next generation of marketeers to learn 388 00:27:45.470 --> 00:27:52.789 about global marketing. We do speaking opportunities and various conferences, round table sessions 389 00:27:52.869 --> 00:27:56.789 to consult with each other. We provide career support, so when someone is 390 00:27:56.950 --> 00:28:00.740 leaving a position, they tell the forum that they just left so people know 391 00:28:00.980 --> 00:28:03.259 that if there's an opportunity, they will connect them or we, as the 392 00:28:03.380 --> 00:28:07.579 founders, we help people that are in between jobs to get opportunities. So 393 00:28:08.180 --> 00:28:12.250 it's a really unique experience. We have the the what's up group on a 394 00:28:12.289 --> 00:28:18.210 daily basis. We have one to two professional sessions a month. Right now 395 00:28:18.250 --> 00:28:22.809 it's on zoom because of Corona, but normally it's once or twice a month 396 00:28:22.130 --> 00:28:27.279 in someone's office just host the whole community and we get sponsored by Google, 397 00:28:27.319 --> 00:28:32.920 for example, or other branding agencies that want to host us and and do 398 00:28:33.119 --> 00:28:36.839 things for us. So I think it's a very powerful tool for us as 399 00:28:36.960 --> 00:28:41.990 individuals. CMOS, but also for us as a group to get better offers 400 00:28:41.069 --> 00:28:45.789 from various sources, from better stakeholders. But also, I think the best 401 00:28:45.829 --> 00:28:49.029 thing is just the fact that you can, you know, pink someone and 402 00:28:49.190 --> 00:28:55.150 get an advice and get help within minutes. So see these of employees go 403 00:28:55.390 --> 00:28:57.259 in and out of the group every day, like, yeah, here's a 404 00:28:57.339 --> 00:29:00.779 great guy who does S. Dr is a great guy who does growth, 405 00:29:02.380 --> 00:29:06.579 great lady who does, you know, communications and PR who wants to hire 406 00:29:06.700 --> 00:29:10.569 them such as. So it's a beautiful tool. And DCMO is. Yeah, 407 00:29:10.569 --> 00:29:12.650 it's a great community. So you can follow us on social media. 408 00:29:12.849 --> 00:29:17.609 We have are with social media. I will we are. Will notice that's 409 00:29:17.690 --> 00:29:19.690 that's qreat and that I like that K's Infiat. We see lots Mestrin, 410 00:29:19.809 --> 00:29:23.440 like you know, people getting to get and there is a very strong community 411 00:29:23.839 --> 00:29:26.640 the rest of the watch take example, and I think it's it's a great 412 00:29:26.640 --> 00:29:30.839 way to go. Boy, were interviewed several times about the model and how 413 00:29:30.920 --> 00:29:34.759 we did it, because just to share the the knowledge with other countries. 414 00:29:34.799 --> 00:29:38.549 We may take it international one day, but for now you go dream big, 415 00:29:40.750 --> 00:29:44.390 and I would say also that we have a podcast called the market tears 416 00:29:44.470 --> 00:29:47.549 and Capes. It's in English, so you can find it on the market 417 00:29:47.670 --> 00:29:49.869 here in capes like ship Ross and caps. Yes, and one of our 418 00:29:51.109 --> 00:29:55.339 members is actually the host of the podcast. His name is a done and 419 00:29:55.500 --> 00:30:00.660 he interviews a different GCMO member every month. So it's it's very interesting, 420 00:30:00.819 --> 00:30:03.940 wonderful. Well, thanks for what if FRAT. It was wonderful to have 421 00:30:03.019 --> 00:30:06.539 you on the show today. As you say, we probably in another session 422 00:30:06.740 --> 00:30:10.450 to speak about off not branding. But before we we get going, last 423 00:30:10.490 --> 00:30:14.329 question I ask is if anyone wants to get in touch with you to discuss 424 00:30:14.450 --> 00:30:17.890 month space, to discuss GCM? What? What's the best way to connect 425 00:30:17.930 --> 00:30:21.289 with your friends? I think the easiest is linkedin. I'm on twitter and 426 00:30:21.369 --> 00:30:25.200 facebook as well, but linkedin is where I do most of my professional stuff, 427 00:30:25.279 --> 00:30:27.599 so that's okay. There you go. So that's a frat fending sun, 428 00:30:27.680 --> 00:30:34.910 which is FEENIG S N, and if Rad ef are at. Very 429 00:30:34.990 --> 00:30:37.789 simple. It was wonderful to have ya on the shows. Thank you very 430 00:30:37.829 --> 00:30:42.029 much for coming today. Thank you for having me. You've been listening to 431 00:30:42.190 --> 00:30:48.109 BEDB revenue acceleration. To ensure that you never miss an episode, subscribe to 432 00:30:48.190 --> 00:30:52.299 the show in your favorite podcast player. Thank you so much for listening until 433 00:30:52.380 --> 00:30:52.779 next time.

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