Transcript
WEBVTT
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Are you trying to establish your brand
as a thought leader? Start a PODCAST,
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invite industry experts to be guests on
your show and watch your brand become
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the prime resource for decision makers in
your industry. Learn more at sweetphish MEDIACOM.
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You're listening to be tob growth,
a daily podcast for B TOB leaders.
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We've interviewed names you've probably heard before, like Gary Vander truck and Simon
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Senek, but you've probably never heard
from the majority of our guests. That's
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because the bulk of our interviews aren't
with professional speakers and authors. Most of
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our guests are in the trenches leading
sales and marketing teams. They're implementing strategy,
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they're experimenting with tactics, they're building
the fastest growing BTB companies in the
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world. My name is James Carberry. I'm the founder of sweet fish media,
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a podcast agency for BB brands,
and I'm also one of the cohosts
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of this show. When we're not
interviewing sales and marketing leaders, you'll hear
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stories from behind the scenes of our
own business. Will share the ups and
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downs of our journey as we attempt
to take over the world. Just getting
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well, maybe let's get into the
show. Welcome back to be tob growth
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at am your host for today's episode, Nikki Ivy, with sweet fish media.
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Guys, I've got with me today
Eric Keating, who is vice president
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of marketing for APP Chuse Eric.
How you doing today? I'm doing great,
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Nikki. How are you? I
am well, so excited to dig
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into this with you today. We
don't ever really talk about just purely product
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marketing on the show today and you've
got some some ideas to dig into with
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us. But before we get to
that, I would love it if you
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would just give us a little bit
of background on your cell phone what you
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and the folks that acques are up
to these days. Yeah, sure,
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happy to do it. So,
yeah, so I've been in marketing for
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a little over fifteen years now,
primarily sass products and, you know,
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startup SMB's companies like zoom into compedecom
and because, as in those types of
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companies, I grew up as a
generalist, even though I had a little
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bit extra of a focus on demand
generation. But Anyway, so now I'm
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hanging up marketing at appques and you
know, what a uses is doing is
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helping Sass with us has from rapid
growth start ups all the way to the
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fortune five hundred grow by meeting and
exceeding the expectations of today's software users.
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It really what we've heard again and
again is that those user expectations have changed
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pretty dramatically over the last few years
ten years, probably influenced by a lot
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of their consumer experiences. They really
just want friction lest, hyper personalized self
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service experiences and to Aq's is helping
to deliver on those by giving the ability
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to on board new users, drive
product adoption, collect feedback, etc.
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All inside of your product itself,
without having to rely on on Dev resources.
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And so that's really one of the
reasons I'm so passionate about product marketing.
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I think this, this business model, is digital transformation. We are
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so much about the product led being
a big topic these days. You know,
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products and product experience is really the
greatest lever for growth and a lot
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of SASS businesses and product marketing as
a huge role of playing that. It
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does it doesn't. I can't wait
to you what, to hear more about
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it. Why do you think it
is? I know in your network and
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certainly in mind, that we're starting
to hear more folks talk about product marketing.
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You had great question. I think
there are a lot of reasons for
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that. You know, before I
before we got on the call, I
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was looking at Google trends and found
that over the last ten years or so,
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interest in the topic is grown by
five hundred percent. I have trouble
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interpreting Google trend sometimes, but you
know, looking at looking at what interests
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looked like ten years ago compared to
now, it's it's it's incredible how much
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the interest is grown. And so
I think answer your question like what's what's
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driving as or why we hear more
and more, I think it really comes
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down to the rise of like cloud
delivery and deployment. So bear with me
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a little bit. That's maybe a
little bit of a stretch to start,
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but so Mary Meeker, a lot
of people know her, puts out this
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Internet trends report every year, and
the report that came out this year showing
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that cloud services, like aws and
and others in their space, is the
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category in general is growing by fifty
percent coarter over quarter, and I think
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that it's really the rise of this
delivery mechanism that's not only made it easier
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than ever to spin up new technology, but also it's really specifically enabling the
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SASS business model. And so in
this world I think there's you're seeing more
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and more competition. Your markets are
incredibly crowded, and so that the way
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that your position and sell your product
are. That's that's more important than ever.
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You've got to find ways to stand
out and really connect with your audience.
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And I think the other thing is
that with so many options up there,
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you know, fires have so many
choices. So it's it often comes
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down to the customer experience and in
Sasmils that kind of largely driven by the
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product experience. That ends up being
the driver of business growth and driving product
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adoption. Like I said, meeting
those expectations, creating advocates for your product
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and your brand. Word of mouth
is is often cited as more important than
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any kind of you know, demand
Gen programs you can run, and I
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a get in like just to jump
back to that meeker report. There's one
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of the slides she has in those
just a simple formula which is as effective
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and efficient. Marketing equals one's own
product plus happy customers plus recommendations. Right.
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So she's talking about marketing really being
driven by the product experience, Dariens,
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and and, you know, advocacy
in your customer base, right,
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and that's where you gave us a
lot there. So I'm like you,
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I don't really have a the easiest
time reading Google friends, but five hundred
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percent growth of the interest is pretty
unambiguous, right. Um and, and
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for the reasons that you gave,
that makes so much sense in terms of
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understanding the power of word of mouth
and the relationship with it and and products
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and understanding what we have as a
tool in terms of the cloud delivery mechanism
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that that's available today. But to
be clear, when we talk about product
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marketing, we're not talking about product
management and we're not talking about just marketing.
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What are we talking about, Eric
Fella? What exactly is product marketing?
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What is product marketing? That is
a great question and you know,
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I think, I think that the
lack of clarity around answering that question is
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probably another reason why there's so much
interest, especially on search engines. So
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you know, when you do search
a term like what is product marking,
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you get a very diverse set of
definitions. There's there's not a ton of
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the uniformity. In my own personal
experience role of marketing. Sorry, roll
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with product marketing. You know,
the role of the peers that I've had,
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when I've had them, has varied
pretty widely as well. As seen
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them focused on anything from positioning to
competitive intelligence, to sales enablement to more
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like customer marketing, telling their stories, etc. But I think you know,
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at its core, I think the
most important role of product marketing and
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probably the most consistent across organizations is
that product marketers need to have a deep
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understanding of the customer, a deep
understanding of the market and the competition and
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a deep understanding of their product and
and it's the responsibility of the product marketer
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to ensure that sales, marketing product
as well as other teams in the organization,
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are leveraging that understanding, that intelligence
to optimize their respective functions. I
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think product marketing is offen the bridge
between these functional units, help drive and
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to find go to market strategy,
prioritized road map. And you know,
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I think the probably the main reason
why there's so much confusion about it is
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because it depends on the company.
Each company has unique needs right depending on
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what states are at market, they're
in their business model, even like what
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are their current burning challenges, right, and so, depending depending on what
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that business needs at that time,
a product marketer can use that core understanding
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and their their role with being the
bridge between departments to do anything from and
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able to sales team with, you
know, like I said, competitive intelligence,
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good product positioning, etcetera. Pricing
and packaging can be a huge role
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identifying, showcasing customer stories and wins
driving product adoption. Like I said that
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the tactics can vary, but they're
all rooted in this need to have a
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deep understanding of the customer, the
market and the product, right, and
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then, with that understanding, the
skill to communicate it internally and externally.
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That's a lot. Like I was, I was nearly exhausted just listening to
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you talk about all of the things
that this individual is is, you know,
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is responsible for in all of the
different things that they, like I
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mentioned, not only have to know
how to understand, but have to know
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how to explain and then put into
campaigns, both internal and external, to
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this sort of pull this whole thing
together and be a bridge, like you
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talked about. So it sounds like
a unique individual with the particular set of
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skills that is a successful product marketer
talk to us about what what those skills
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and traits and background look like to
be successful at product marketing? Yeah,
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you know, and I'd say hopefully
there's in a company with that's established.
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There's there's more than one product markers. Hopefully all of this is not falling
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on an individual. I think we're
seeing more and more investment in the function
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right people are identifying how how important
have a role the function can play.
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But when I think about like the
most important skill sets to have, I
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think first and foremost kind of general
a role, but I think it's like
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a love of people and and like
a special interest in understanding their motivations and
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desires etc. You know, product
market should be talking to customers all the
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time, nonstop. They, like
I said, they're responsible for having to
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seep understanding of them. They need
to be immersed in the world of their
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customers. They've got to be talking
to sales cus the poor teams about what
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are the most common questions you hear
on the call, on a call or
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in your you know, your support
ticket to etc. They've got to be
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participating in in communities, actively involved
in the market, tending events, meet
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up etc. And then I think
the other course skill which is very much
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related to that first one, you
know, of wanting to understand and relate
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to people, which is having a
knack for collaboration and building influence, coordination,
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etc. Like. So you know, as I mentioned before, they're
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they're kind of the glue and the
bridge between a lot of different departments and
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it's really their job to ensure that
every team is kind of rowing in the
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same direction, based on the same
fundamental understanding of the customer, of the
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products in the in the market.
And so to do that takes often take
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a lot of buy it like get
generating by and across those teams right,
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and everybody has different opinions and everybody's
looking at the world through their own functional
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Lens, and so take somebody to
be able to understand what everybody's trying to
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achieve, both internally and externally,
and then and make sure that you know
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people are really bought into what they're
doing and that that you know it's all
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it's all driven empowered by the same, same fundamental understanding. So I think,
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yeah, just to recap, it's
it's this love for people, in
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this wanting to understand them, and
then and being able to influence and and
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generate by and across across different groups, and that's pretty high level, right.
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Like, there's also skills, like
you want to be able to do
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research. You want to be skilled
at research. You want to be skilled
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at a positioning. You want to
have experience with pricing and packaging. Sure,
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but I think at its core those
are some of the fundamental skills or
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core competencies I'd look for in a
solid product marketer. What's so great about
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the way that you laid that out
as that it starts with love, right.
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It starts with a love for and
a love of the people involved,
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in a passion for what you're doing. Because, listen, if you don't
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have that with with all these other
facets that this individual or that this group
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is responsible for doing, pretty tough
to pull that off unless you love it,
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unless you're passionate about it. So
I love that that's where, yeah,
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where you started. We talked about
the skill set totally and that that
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you a pertains the product marking.
But also, when I think about,
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like going back to college in high
school, the classes that I loved,
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I did really well, and the
classes that I didn't care about, the
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topics I did not do well,
and so I'm lucky to have found something
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in my career that I really love
doing, because turned out I'm better at
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doing things that I love. You, what did it? What is this?
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Look at that. No, you're
so freaching to the choir. We
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the same or what? So I
got a lot of I went to school
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for broadcastering. Wis M right,
it's technically a communication, fine arts and
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media degree. Right, I got
a lot of people give me a hard
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time. I. What are you
going to do with that degree? And
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I was like look, man,
this is what I love, is what
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I love, and I'm I to
end up being lucky where I'm doing something
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that's sort of relates to that or
I'm using that. But I didn't care.
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I was like look, yeah,
yeah, to your point, if
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I, if I were studying something, I my sister's a nurse, God
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bless or. She loves it,
but I would have failed at that because
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I'm not. I don't have what
she has in terms of the passion for
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that, for that discipline for that, for that role. So you're absolutely
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right. And so, as we've
done in this conversation and as, as
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you know, we're doing in in
the industry. The more we understand product
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marketing and how to how important it
is and how to leverage it, then
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the more we start to identify what
the experience and skill set needs to be
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of the folks who who are practitioners
of it, then we need to understand
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what happens next. Right. So, so talk about what the future looks
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like, future of business looks like
with the focus on product marketing. Okay,
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so I'll run my crystal ball here. I think that, without a
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doubt, we are going to continue
to see an investment in product marketing.
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I think that it is becoming very
clear across industries and business models that product
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marketing can be a real differentiator for
your company, if your for your brand,
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and you know, a focus on
that, that product experience, the
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customer experience. Overall. Yeah,
I think there's we're coming to a point
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of consensus on that topic and so
yeah, continued investment, for sure.
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But when I think about the future
of, you know, this product marketing
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area, I'm really interested in exploring
how product organizations and marketing organizations are are
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going to converge. I expect them
to start converging like we're already starting to
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see the signs like product marketing might
be a leading indicator of that in the
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staff business model, in product led
business models. Like I said, that
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product experience is largely becoming the main
marketing vehicles. So so for product and
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marketing, for there to be a
gap between the organizations is starting to seem
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like it might be a challenge for
companies now and in the future. So
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yeah, I think you know,
just continuing to keep an eye on what
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are the trends across marketing and product? Our product teams reporting into CMOS or
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vice versa? Are we going to
steep see new titles start to pop up?
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Like one new title that started to
pop up over the last few years
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is a growth PM, so a
product manager who's focused on growth, which
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is largely thinking about how do we
get more people to adopt the product,
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see value, retain more users,
etc. So yeah, that's that's what
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I'm most excited about keeping eye on. I love it and I think you
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did such a good job of laying
out the foundation of this for us and
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giving us a really well rounded idea
of what product marketing is, who product
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marketers are and what product marketing will
be in context of what we all do
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every day. So now that I
have successfully Eric picked your brain and seeing
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what I could get out of it, is time for you to tell us
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about what you're putting in it.
So talk to us about a learning resource
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that you engage with that has,
you know, is informing your approach,
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or she just that you excited these
days? HMM, okay, yeah,
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so learning resource. So what I'm
really excited about learning right now, and
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this maybe even sound repetitive because I've
been talking about this so much, but
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as somebody who has grown up in
marketing and who runs a marketing team right
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now and works with product organization as
peers and sees this future of marketing and
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product becoming closer and closer and maybe
even converging at some point, I think
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it's really important for me to start
learning about product management, the skills it
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takes to be a product manager.
What are my gaps when it comes to
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understanding how product organizations works? So
one thing beyond just starting to read more
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about it, I've actually started signing
up for classes on product management. You
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know, there's a I don't know
how broadly this this company exists, but
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General Assembly is a company and at
least has offices in Boston where I started
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signing up for classes on product management. So, yeah, I think that's
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probably the Harry I'd focus on here, is just continuing my education in product
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management and hopefully that puts me in
a better position to be both you,
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so that I can relate to the
product organization and and potentially even that that
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skill set being valuable in the future
and in my own day to day yeah,
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I mean, even if it's I
think it's naturally going to be those
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things. And what else I think
you stand to gain, right as just
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like a human when you're learning something
and finding the gaps, is just you
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know, more about yourself and maybe
discovering whole new things that you have a
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love and a passion for. I
love that answer. It's one of my
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favorites, just to hold the idea
of continuing education. Yes, for the
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sake of pursuing whatever you're pursuing in
your career, but more so for the
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sake of just like wanting to know
more about this thing that you spend so
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much of your time doing. Yeah, so I love it and I know
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Erica, just like me, every
listening, has become fast fans of yours
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and they're going to want to keep
up with you. So let's tell us.
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Books can too. Cell Post can
connect with you. Yeah, so
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I'm most active on Linkedin. It's
probably best place to communicate with me.
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Yeah, I think my it's just
are Keating, but you know, obviously
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you can just search, search my
name and I should come up and like,
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like Nicki said, I'm at APP
q. So Rick Keating, APP
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Q, you'll find me pretty easily. Good stuff, man. Now I'll
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have to have you back on to
talk about what you've learned in product management
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already number of other things. This
has been so much fun. I'm glad
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to took the time to come and
talk to us to day. We'll have
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to have you again. Thanks so
much, Eric than thanks so much for
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having me. Really appreciate it.
Hey, everybody, logan with sweet fish
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here. If you're a regular listener
of BB growth, you know that I'm
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one of the cohosts of this show, but you may not know that I
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also head up the sales team here
at sweetfish. So for those of you
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in sales or sales offs, I
wanted to take a second to share something
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that's made us insanely more efficient lately. Our team has been using lead Iq
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for the past few months and what
used to take us four hours gathering contact
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00:19:56.400 --> 00:20:00.039
data now takes us only one,
or seventy five percent more efficient. We're
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00:20:00.079 --> 00:20:06.480
able to move faster without bound prospecting
and organizing our campaigns is so much easier
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than before. I'd highly suggest you
guys check out lead Iq as well.
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You can check them out at lead
iqcom. That's Elle a d iqcom.