Transcript
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Hello and welcome into Bob Growth.
I'm your host, Benjie Block, and
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excited about today's episode because I'm going
to have a conversation with Angela Voss.
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She's the chief client officer at marketing
architects. Angela, welcome into be tob
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growth. Thanks, Benjie. Excited
to be here. Absolutely so. You've
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spent nearly fifteen years with your company, Marketing Architects, and that's incredible.
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I love that. So tell me
something about yourself the fifteen years you've spent
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with the company that you really learned
in in your time there. Oh my
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gosh, the journey has been so
fun. Yeah, yeah, I mean
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I spent four years and digital marketing
prior to joining marketing architects, and clearly
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you're aging me here, by the
way, by outing me that I've been
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with Ma for fifteen years. But
I started on the media side of the
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business, and this was one marketing
architects was working in both radio and TV
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and was working with radio stations trying
to get them to clear our media and
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stuff, and when we launched our
television platform, was asked to come over
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to the TV side, but still
on the media side, and so I
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would say. I mean the value
of being, you know, fifteen years
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into a company is obviously at that
point you really deeply understand kind of all
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aspects and I think can more createdly
think through how to address challenges or potentially,
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you know, we're privately held and
so we don't have a lot of
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red tape that we need to work
through. If there's a business case for
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us to spend up a new function, capability technology to help a client,
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you might not be able to do
that if you haven't been around for a
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while. Just to kind of understand
what the capabilities are. And our team
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is awesome to they're they're always innovating
on their own as well, but I
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would just say being able to kind
of put your head down and work and
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come up with new ideas and treat
the business as your own and have that
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deep understanding of all aspects of what
we do is just invaluable. Yeah,
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I love that you've had so held
so many different positions within the company and
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I think that does it speaks for
itself and I'm sure it is so helpful
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day and day out to be able
to have conversations with people all throughout the
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organization. Absolutely, Yep, rates
for healthy, healthy media debates sometimes,
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and I mean see I I'm sure
it does. Having that deep understanding is
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is just powerful, I think,
on a lot of levels and I love
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it. Yeah, your voice would
be much trusted. Sure, so fully.
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Well, here's here's what we want
to do on today's episode. I
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want to have a conversation about sort
of a problem that I see in the
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marketing landscape. I think I've gone
on this rant a couple times, but
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there's just like this assumption that certain
types of marketing are outdated or they might
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be ineffective or some would say dead. Have you seen that when you comes
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to marketing, like in the current
landscape? Have you felt that kind of
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conversation? Oh, definitely. You
know, I think with the growth of
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digital we've all grown a bet addicted
to short termism and you know, it's
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funny when you think about marketing teams
and in us too, as you know,
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obviously we're a company that needs to
market as well to prospects and you
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know, if I was kind of
felt like if there's consumption of media by
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your target consumer, there's probably a
place for it and your marketing plan,
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but it's all about getting the mix
right. We subscribe to a lot of
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the marketing science research that's out there
and our big believers and investing in mass
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reach top of funnel effects. But
it's all about understanding your consumer right.
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MMM, they're buying journey their media
consumption habits. If you don't have that
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right, then building a diverse marketing
mix is going to be difficult. You
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know, anyone can get a couple
of marketing channels to work and your competitors,
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for sure, we're going to get
those channels to work. So the
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value of finding that right agency and
strategy to help you kind of crack the
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code on a channel that maybe you
haven't seen success in. Those are really
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big ones and offering we find that's
TV. You know, marketers might be
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a lot of them are digital natives, right, so they're starting half of
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the digital ecosystem. They kind of
build some success there, they're acquiring new
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customers, they're starting to understand lifetime
value and then they reach this point where
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they're like okay, now what you
know, any time I add any additional
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investment into any of the channels that
I'm working in, the performance starts to
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fall apart, and so that's where
we see marketers try to look at television
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then or just offline channels in general
become of greater interest to them. But
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yeah, it's the you know,
there's been a wave, I would say,
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of where as digital came of age, it was very intriguing, one
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to one targeting, all this data, the ability to track performance, and
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now I think that space has gotten
more challenging, costs have risen and there's
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kind of a swing happening back to
top of funal marketing. Again, it
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feels like, yeah, everyone had
this new toy, right. Yeah,
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so everybody's playing with that new toy
and they're like, look at all the
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capability here, and they forget all
about the old toys or the older toys.
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Right. But then there's something about
that. I wouldn't even just say
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it's in nostalgia, but there's a
reason why those other ones worked. And
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I love that because I you can
come up with marketing studies that show all
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sorts of different things. When people
get really hyper focused on, Hey,
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we have a mission on why we're
going to use this certain channel. Man,
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a litany of things become effective,
right, and everyone has their like
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the thing that becomes their baby,
and they get become passionate about it and
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they're kind of proving out the fact
that, well, in fact, that
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channel is not dead in a sense. Does that make sense? Absolutely,
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you know, and I think there's
there's this fight between top and bottom of
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funnel, which to me is kind
of crazy, right, because you're like,
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of course, as you think about
your own behavior as a consumer,
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of course top of funnel marketing makes
sense. Of course bottom of funnel marketing
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makes sense. It's just trying to
understand with your product or service, how
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considered is of a purchase. Is
this? How much mental space do you
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need to take in your consumer's mind
so that when they come into market they
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think of you without having to,
you know, go into Google shopping ads
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or whatever to make a buying decision? And so there's a balance that.
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I think that that's the biggest challenge
that we see to is market is trying
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to determine what is the right mix
between top and bottom of funnel. So
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what would you tell a marketing team
that's trying to figure that out and that,
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when there is that kind of internal
fight between top of bottom as well?
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Yeah, well, like I said, a lot of the businesses that
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we work with they come in with
very little top of funnel marketing going on,
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if any, and so you know, we always are prudent with our
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clients dollars and always will believe in
and recommend that any top of funnel marketing
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channel or any channel in general,
really should be kind of treated as a
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proof of concept before you're going to
go all out. But I think,
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you know, the greatest successes in
terms of clients that are gaining market share
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and establishing category leadership are in that
I would say, thirty to sixty percent
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range of their budget going towards TV. Hmm, I wonder what does it
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look like with TV to test,
because that obviously I mean, you hear
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that stat and it could sound like
that's a pretty significant part of my budget
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right. So, like, what
does that look like and how do you
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test in TV? Yeah, being
a hundred million dollar business or a ten
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billion dollar business. Like I said, we we always operate as if it
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was our own money and given our
business model, which is a little different
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than a traditional agency, and that
we we up front a lot of the
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cost with our own capital to help
clients get into television. A lot of
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times that is a prohibitor right as
they're just like well, yeah, I
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mean, of course I would love
to be in television, but you know
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from what I understand that that that's
no less than a million dollar venture and
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that's just not the case. And
so that helps clients get in. But
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then once you're looking at what an
actual pilot could look like, you've got
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decisions to make about should we be
testing naturally, should we be testing locally?
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Contrary to what might seem to make
sense a very large corporation working with
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potentially hundreds of millions of dollars in
marketing budget, my actually have to test
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locally and use control and hold out
markets and baselines and incrementality in order to
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see TV's effect at a pilot state. Whenever we possibly can do to the
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efficiencies of national we will recommend doing
a national pilot that lasts anywhere between one
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month and six months. At the
end of the day, we need to
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be able to prove. We look
at it in three buckets on a micro
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level, on a macro level and
on a business level. We want to
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be able to prove to that client
that TV is driving incremental lift to their
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business and you know expects that.
Just as we are produnent with our dollars
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that they should be as well in
terms of ensuring that there's something there before
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they're signing up for, you know, a yearlong commitment or more so.
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There is some like, I would
assume, unexpected results from top of funnal
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marketing, from focusing on something like
TV, maybe a more like nostalgic or
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whatever you call that, traditional stream
like that. So tell me what are
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some of those maybe unexpected results that
you guys have seen or you can kind
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of prove out from clients? Yeah, totally. I mean I think I
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would even start with you know that
the obvious Kpis the clients come to us
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with are very similar to what they've
gotten in digital right. So they're visits,
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conversions, COC return on ad spend, lifetime value, all of that
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is like table stakes for us.
We set that aside and, of course
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our extremely focused on ensuring that a
lot of businesses these days are needing to
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prove to the executive team that they're
driving the leads they need to drive,
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their getting the sales they need to
get, and so that is kind of
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a prerequisite for TV to continue.
Beyond that. What's fun about television is
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what we call business impacts. Things
like, you know, we had a
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clothing clients that got a call from
Disney wanting a partnership. M said that
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they had loved what they were doing
in the space, saw them on television
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and wanted to discuss a partnership for
the upcoming holiday year. And so how
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do you put a value on that? Some of the others that I can
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think of would be we see that
our retail based businesses are in brick and
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mortar. Those negotiations with the targets
and the Walmarts and the wall Greens of
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the world become easier when they've got
kind of that cloud of television. We've
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had products show up on US and
L that's pretty cool. Yeah, and
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it's like does that happen, you
know, with a display ad? Maybe
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not, I don't know. But
distributors calling the CEO and thanking them for
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elevating the entire category. Like there's
just some really cool things I think that
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happened with television that might not happen
with other channels. Marketing architect introduces TV
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advertising blueprints, a podcast where we
draw on our experience and gather insights from
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other marketing experts. To lay out
winning plans for success. There's still a
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ton of power and TV advertising even
in the digital age. Don't believe me,
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here it for yourself. Medi impact
our business is really I mean it's
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really been tremendous. It's really hard
to overstate the impact is have in the
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business. TV's the biggest megaphone out
there and to be able to not only
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play in that, in that space
and in that media, but also to
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be able to measure it to optimize
it has really been game changing. It's
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definitely, you know, obviously accelerated
our growth and helped us really connect with
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and reach consumers we just we can't
reach effectively, know, through purely online
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media. So, like I say, very, very difficult overstate the impact
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that it's had on our our ability
to grow and reach those consumers. For
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more subscribe to the show wherever you
listen to podcasts. While there's some really
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cool things, I would assume there's
also probably more pushback in certain aspects.
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So what do you feel as some
of those, like the pushback that you
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receive that you would maybe even say
it can easily be overcome, but it's
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some of those recurring things that do
like. Well, I don't know about
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this. When it comes to TV, TV is an emotional channel in a
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couple of ways. Number one,
it can can drive emotion, but I
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think when you're going to put your
brand on television there's a heightened level of
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this is my baby, and so
what is that message? It was one
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thing that I was actually going to
bring up at some point, if it
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made sense, during this conversation.
But I feel like be tob marketer specifically
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have a harder go than a DTC
marketer. I think that ninety five percent
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of a bed best target audience is
out of market for your product at any
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given time. So you're trying to
build kind of mental availability with those potential
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businesses that are hopefully future customers for
you, but they are not yet ready
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to be purchasing your product or service, and so you're trying to speak to
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the five percent and also build awareness
with that ninety five percent. In in
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order to do that, you know
a very practical cell that talks about your
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this is what my business can do
for you. It's features and benefits based
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feels like a smart thing, and
yet is it going to be memorable?
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That's why you see a lot of
businesses that will leverage the use of character
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and they're just really mindful about like
these distinctive brand assets that can kind of
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imprint within a consumer's mind so that
they can be remembered from four years to
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come. But that can be kind
of out there right. So if you
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think about, yeah, the the
CML or in sometimes even the executive team
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needing to kind of sign off on
final execution of a television add it's like
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wow, is that what we're is
that where we're going to go do?
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But like I think of the the
commercials that we sit around and talk about.
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From a D Toc Sam Point,
I would like progressives. You know,
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they're their whole campaign around we can't
protect you from becoming your parents,
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but we can protect your home and
audio, Otto, not audio. Yeah,
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I'm literally I can like I can
see the commercial in my head right
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now. Totally, totally. Yeah, and I think from a Bob standpoint,
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someone that I think is doing a
great job would be adobe marketing cloud.
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I don't know if he's seen this
or not, but you know,
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I find myself drawn to is kind
of the story of what might have happened.
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How do you not had the product
or service? So it is storytelling,
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but I think it drives the point
home. But often they're kind of
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funny and memorable to so this the
spot starts with like the big WIG and
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this corporate office and one of the
employees runs in and prompts them to check
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the sales report and his eyes get
really big and he makes a call down
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to production and as like war back
baby, and I think they're making like
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books or encyclopedias or something like that. And so the production runs out of
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paper and they call the paper manufacture
and they're cutting down trees and the wood
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pulp stock sky rockets and stuff,
and what they find out at the end
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of the spot is that there's like
this baby that's like repeatedly clicking a display
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out over and over and over,
and of course it's make. And so
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the whole idea as like do you
really know how your marketing is performing?
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But yeah, it's a it's a, it's a I know, I know,
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but it's it's a fun little challenge. You see, sales force created
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their new character, the little cartoon
guy. Yep, I think it's Astros
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is name. Sales forces all over
adds, TV, ADDS. Right now
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slack is getting into TV minding,
which I think is an interesting play.
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I think there's so many bb marketers
that have maybe had a little bit of
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an Aha these last couple of years, because I know we've heard that too,
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in terms of like can can television
really work for BETB? I mean
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just feels like I really need to
hyper target. And of course we under
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we all understand why that why that
might be. But you've got this idea
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to of does reach play well in
the B Tob Space? I know you've
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talked about this on a couple of
your other podcast to that there's an average
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of twelve influencers for a BEDB decision. So yeah, reach makes sense.
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So yeah, it's fun to try
to, you know, uncover what that
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right story is and ensure that the
ad makes sense enough to that consumer that
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might actually be in market that you're
like, I you want to, you
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want to tip them over into your
bucket if they're already there. But then
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also how can it be memorable enough
so that when they get there they think
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of you? And you see a
lot of like re targeting those like TV
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ads, because I would think like
before youtube videos, there some ways to
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use that same kind of commercial,
that same add in the digital space as
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well. So how do you see
that being used in creative ways to kind
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of leverage it in multiple channels?
Yeah, absolutely, I mean at all.
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I think comes back to what we
were talking about before in terms of
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just understanding your consumers journey and there
may be a consumption. We are big
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proponents, as good marketers would be, of, you know, Cross Channel
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Integration and making sure that you've got
one like synergistic story. If someone's come
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out to your website and poked around, there is a big opportunity there.
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So there's a lot of there's a
lot of retargeting opportunity. There are a
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lot of ways for you to grab, you know, them on a first
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party basis to if you can capture
their email address and starts, you know,
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a drip campaign to them. That
makes sense. But even beyond that
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through streaming, there's ways to use
retargeting, obviously display. So those are
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definite, like kind of no brainer
things that should be happening. HMM.
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So you say business impact the cloud
of TV. What are maybe some questions
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that we would be asking, or
should be asking when we're considering if TV
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is is right for us? Beyond
obviously you got to be in the budget
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for it. That's something you mentioned
earlier. Any other questions, you would
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say we should be asking ourselves?
Well, I think that definitely understanding where
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you're at in terms of your industry
and your competition. So if you can
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be first to market and TV in
your category, amazing right, but you
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do need to be ready for it. It's not not not everyone can just
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go all right, I'm in,
let's do this. You need for sure
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need to make sure that your business
is is ready for it because, if
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done right, it's going to kind
of, quote unquote, give you good
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problems to solve. We've had companies
come to us that have been in business
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for almost a hundred years, ninety
years, and turn television on and saw
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two hundred and fifty percent growth in
their new customer acquisition. So wow,
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like after being in business. That
is one thing to do that with a
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company that's like four years old because
they just haven't gotten started yet, but
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to do that with companies that are
that established in their marketing practices and have
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already built a really wide base of
customers, you're going to have to be
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ready to support that and so thinking
through all the good problems to solve is
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really important and of course, you
know, we would help guide kind of
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what scale could look like how quickly
that would need to happen. But good
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things are going to happen with with
new reach and with typically, what we
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see to with TV is that TV
consumers convert better, number one, but
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then they're also longer and higher lifetime
value for those customers too. So the
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the those or those are the good
surprises that clients find when they're looking for
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new customers through television. So I
imagine there's people listening that are not going
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to be in the market right to
jump into TV right now, but we
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mentioned top of funnel marketing. It's
something that I think we need at least
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be considering in some way, at
least getting our message out into the world.
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More people knowing about your product,
even if they're not quite ready to
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buy, is not a bad thing. They need to know about you before
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they actually buy from you. So
talk a little bit about what do you
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see the lessons you guys are learning
and TV that maybe we could take away
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outside of just TV, anything that
you'd have for us there to be considering?
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Well, I think one one thing
that comes to mind would be that
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we acquire TV media a lot differently
through our AI platform and that brings extreme
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efficiencies, especially in the linear side
of things, and that, whether you
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can do TV or not, like
set that aside. You need to be
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building awareness with your future customers.
So if it's not television, then what
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top of funnel tactics can you work
into your strategy so that you were playing
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the long game even without television?
And when you're thinking about those channels,
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interrogate everything. Don't assume necessarily that. I would say going going rate costs
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need to be absorbed. You should
be able to find efficiency is test and
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retest. Don't assume that if you've
tested something and it didn't work, that
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it's quote unquote and Dad. Like
we talked about before, there are ways
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to kind of crack the code and
and have some contrarian thinking to marketing.
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That, I think, a lot
of times holds holds marketers back. You
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know they're they're going about any channel
the traditional way and if you really dig
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deep, explore, wander around,
you know looking for inspiration from other marketers,
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whether they be in your own category, you're get outside, you can
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find new avenues to explore and I
think bring contrarian thinking to the strategy.
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It's interesting. I well, first
off, obviously I totally agree with what
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you're saying there. I an email
and direct mail. The resurgence in those
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spaces is so fun to watch,
honestly, because there was clearly a dead
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period where email was like out and
now I look at the emails. I
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was thinking about it today, like
I'm subscribed to several email things that are
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clearly marketing at me, but they're
also adding immense value to my life every
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day, whether it's with a list
or they're putting a bunch of information in
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there that I don't have the time
or energy to go find myself. And
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then with direct mail, it needs
to be done right, because I do
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throw away a lot of mail,
but I will say it is a way
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of getting in front of people that
a lot have forgotten about and when you
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do it correctly, can be done
and to see amazing value and you find
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amazing value there. So there is
a it's all about strategy right and intent
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and if you know it and you
have a good strategy and you execute on
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it, really any medium can work. Absolutely it's all about tests and refine
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and test and refine, and I
mean to me, the channels that are
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most intrigued in are those that aren't
being used heavily by other marketers. Right
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that, in theory, if there's
media consumption there there's an opportunity. If
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you've got a if you got audience
and impressions happening, and yet you don't
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see your your competitors in that space, that's just a ripe opportunity for you
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to set yourself apart, you know
from what they're doing and and to find
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yourself away to get in front of
them. That's just goes solely against the
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distraction issues that we have as consumers
today. There's just so much put in
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front of us, so another display
out is just not as exciting as like,
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to your point, direct mail and
all, we've had a lot of
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success with direct mail to as a
business, so I definitely act all that
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well. Well, I'm taking away
several things from from this conversation. I
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love the idea and and stand behind
it fully, that no channel, no
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marketing channel, is dead. It
just it's literally about understanding why you're doing
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what you're doing and not throwing money
at something because other people are doing it.
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You got to build awareness. So
you got to be thinking a top
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of funnel at all times like that's
something is marketers that we are responsible for
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top of funnel matters and test and
refine. I love that you said that.
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I think that brings it to a
head. We have to constantly test
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and refine, and so thanks for
spending some time here with us, Angela.
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For those that want to connect with
you further and what you guys are
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00:24:52.710 --> 00:24:56.789
doing, how can people reach out? Oh absolutely, I mean my email
337
00:24:56.789 --> 00:25:02.869
address is on o our website.
Happy to connect via Linkedin. Those are
338
00:25:02.990 --> 00:25:06.309
two great ways to get ahold me
perfect. I will make sure we put
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00:25:06.349 --> 00:25:10.299
your linkedin in our episode description as
well, so you guys can connect with
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00:25:10.380 --> 00:25:12.339
her over there. You can connect
with me on Linkedin as well. Just
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00:25:12.420 --> 00:25:18.220
Search Benjie Block and we're always having
these types of insightful conversations here on BB
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00:25:18.299 --> 00:25:22.009
growth. Were excited about what's happening
here in the New Year and thanks for
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00:25:22.130 --> 00:25:26.650
taking time to listen to this episode. Today. We will be back with
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00:25:26.769 --> 00:25:33.650
another episode of B Tob Growth.
Thanks for listening. One of the things
345
00:25:33.690 --> 00:25:37.480
we've learned about podcast audience growth is
that word of mouth works. It works
346
00:25:37.599 --> 00:25:41.640
really, really well actually, so
if you love this show, would be
347
00:25:41.759 --> 00:25:45.240
awesome if you texted a friend to
tell them about it, and if you
348
00:25:45.400 --> 00:25:48.599
send me a text with a screenshot
of the text you sent to your friend,
349
00:25:48.079 --> 00:25:52.069
Meta, I know I'll send you
a copy of my book, content
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00:25:52.150 --> 00:25:56.269
based networking, how to instantly connect
with anyone you want to know myself phone
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00:25:56.269 --> 00:26:00.470
numbers four hundred seven, four nine, hundred three, D and thirty two
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eight. Happy texting.