Transcript
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Yeah,
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hi everyone, welcome back to be, to be
growth. My name is Olivia Hurley and
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today I'm joined by Mike knee, who's
the chief growth officer at Kobe. Oh hi
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mike, how you doing? Hey Olivia doing
great, awesome. Well mike you have a
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lot of experience and a lot of thoughts
around the digital experience in B two
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B as of today. And I'm wondering if you
conclude the rest of us in and just
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take it super basic before we dive into
a really in depth conversation about
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the additional experience, could you
just talk us through What it is right
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now currently in the B two B space?
Sure. I mean and I think a lot of times,
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you know, experiences such a big word,
but it just really breaks down to you
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know, what is it that the that your
customers are really taking away and
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you can think about all those touch
points now and you know, if we just get
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back to, you know what, I think we can
all agree that, you know, B two B
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digital experiences are getting better,
but but but as we moved to, you know,
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from specific challenges, call centers
and and maybe even retail or or or you
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know, having direct conversations
within an account exact we have an
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exploding number of touch points. And
what you're seeing now is that it's
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showing all the silos of the
organization more and more to our
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customers who really want to see us as
one company, right? And as such, you
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know, you're delivering a frankly
underwhelming and inconsistent
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experience. You know, very often we
still see websites that just showcase
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corporate information, you know, really
a dump of the online catalogue and just
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moved it online. And whether it's for,
you know, your direct customers or
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whether you have a dealer portal, right?
It really still is lacking or even just
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self service. And how do people find
information or get serviced by? You
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just have to think about how most B two
B buyers, you know, how to figure out
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what the replacement part number was
that's replaced last year's number.
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Just these type of things all lead to
that dissatisfaction and frankly have
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become just what has become, you know,
uh, recognition that BTB experiences
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are still have a way to go, shall we
say? Just be kind. So I'm curious
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generally why is this no longer good
enough or working? And what results are
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we missing out on? You know, why is it
not good enough? Let's start there. I
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mean, I think we we are all part of the
problem. The problem is we or whatever.
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The problem with us, something like
that expectation bar is absolutely
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higher. You know, I think we've all
heard this idea. But let me just give
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you an example of why It's true the bar
is no longer set by direct competitors.
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I sell dental equipment right to all
these, you know, tens of thousands of
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dental offices and my direct competitor
isn't another distributor. I didn't
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know my competitor now is Apple. It's
Uber, it's amazon, right? They're the
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ones who are saying the bar that not
just as in my industry, but across
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industries, you know, amazon is clearly
establishing itself as setting the
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buyer expectations of, you know, with
amazon business, uh, solution. And the
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question I often hear back is, you know,
whether a company is going to be the
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amazon of the category or amazon will
be and and that just gets back to the
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bar for the buyers are higher, not like
that. I hear a lot around. Proxima
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services are getting commoditized. Your
competitors just a click away and hence
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you have falling margins,
commoditization and really processing
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services are just a reason now or
distinct by what type of relevance, how
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you became relevant to your customers.
Let me give you an example and I think
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this will make it more real. I was on
the phone with a account exact for one
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of the world's largest electronic
distributors and we're talking about,
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you know, what does it mean to
increasing engage with relevant
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experiences? And I thought he would
hate the fact that we're taking over
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his job because whether you're in the
website, whether you're in the services
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or sportscenter, whether you're in the
community pages were increasingly using
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automation and and and to deliver a
much more rich experience. And he's
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like, no, it was great. Not the case at
all. His issue is transparent, pricing
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has dropped down the prices uh and
therefore he has to sell more. What he
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needs is his customers to come in and
actually experience the type of
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experience he would have given them.
But self service, which is what people
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will increasingly want anyway, find the
products that they're looking for
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because B two B buyers replenishing and
so you know what they want, how do you
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introduce them to the right packaging
sizes too, given the right discounts,
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how do you get them to other categories?
You may not know about you, a software
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that supports that category that they
may not have learned about the
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documentation that they need to read
about. And then by the time they get to
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him, he's just closing deals and giving
a little bit more recommendation on top.
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But that even flips around, we talk
about experience, it's not just your
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buyers, their experience is those who
are providing that experience. So he
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was saying how much has helped, not
just him, but all these new new kids
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who are moving into roles like his, you
have hundreds of thousands of products
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in the catalog. They'll never know it
all in the same way that you're guiding
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buyers, you have to have being relevant
information, the right information at
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the right time to the to the sellers so
they can provide that excellent
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experience to to the customers as well.
So like I said across the life cycle,
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we're seeing that the expectations of
the buyers are not enough are raising
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up products and and services again, or
another reason why the experience right
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now, is that good enough? That's being
commoditized. Selection is not it
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everyone can source, so it is being
relevant across all those touchpoints
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and delivering a relevant experience
that is now becoming the
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differentiation and that's why it's not
enough. So let me see if I if I've got
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this by pulling a thread that I think
might be part of this. Sure, it sounds
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like to your point about, you know,
you're selling dental equipment, your
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competitor is not the other
distributors selling dental equipment.
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As much as it now, is Apple or some of
these, some of these companies that are
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setting the bar really, really high is
that because the buyer is consuming
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marketing the same way, whether it's B
two B or not. Absolutely. And actually
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you see the fact that more and more
buyers are now millennials And their
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consumer experiences absolutely
translate into what they expect from
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their B2B experience as well to be able
to shop any time. That's why self
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service has become such a large impact.
In fact, we just did a recent survey
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and we'll talk a little about an impact
later and expectations. But millennials
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said if you don't have a self service
option, they dropped the brand right?
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They expected. The fact is that it's
not just be able to buy but to be able
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to discover what they should be buying
and that's all part of the experience.
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And so when you think about amazon and
what they do, it is really providing,
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not just answering. I have a question,
I'm trying to find something, Let me
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find it. And amazon is now 50% of all
starting points because people search
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start their search there, but the also
provide additional information. You
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know, what are things people like you
buying them? Maybe you should have
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thought of, here's some additional
videos that actually help you explore
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what you should be thinking about in
this category. Maybe it'll help you buy
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better next time again, it's that
relevance and finding, bring the right
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information up. That's making the
difference, not just selling the
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product. And that's the bar now that
B2B is stepping up to as well and hence
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you see the rise of all these
initiatives around customer experience.
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Yeah, so to kind of go down a little
tangent here, but I want to Flushes out
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a little bit more. Could you write a
prescription for me for B2B companies
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starting to have a self service option?
What does that mean? What does that
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look like? What is step one for getting
there? Well, absolutely. So, you know,
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first it always starts with uh the core
infrastructure and this is where you
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have to separate a little bit. Um just
do I have an infrastructure, a commerce
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solution? Do I have a um, do I have the
right website? And so there are pieces
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of just the look and the feel that's
part of the experience, but
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increasingly that's becoming table
stakes and so you start there, the
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question is how do I actually start
helping people find what they're
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looking for? And so from an experience
perspective, search has become so
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important and it's not just search,
think about netflix. When you think
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about search, you don't think I go to
netflix to look for movies. Yeah, maybe
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I do, but reality, it knows what I'm
looking for and lays out a page of the
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types of movies and by categories that
I'd be interested in and it learns it
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takes every every interaction to learn
and power the next. And that's what
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you're really looking for. How do I
start first with Just Simple helped me
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find what I'm looking for and that's
absolutely step one and you know, it's
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not just the state of constant, the
best content for whatever set and
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that's and that's step one. I think the
question then is how do you start
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bringing pages of information? How do
you start bringing recommendations? And
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so let's say I'm looking for a I'm I'm
I'm buying pipe fittings and I'm
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looking for a certain part but that
part actually every year the part
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numbers change, I'm actually looking
for this part, this part is
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discontinued but here are the
replacement parts typically that takes
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a lot of manpower, but you're really
looking for a better search to help
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them find what they're looking for and
have tools that automatically start
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connecting the dots. People like you,
are you looking for this actually are
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looking for this and they find their
solution here.
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That's the first step. Which is just
fix their basic search and you know,
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this is where they get to first. The
second thing is really started
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recommending what people need and this
gets into Yes, I may be looking for
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pipe fittings, but did you know that
there are other categories around? How
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do we put brackets? How do I actually
put together, you know, using pipes in
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a whole set. That actually helps me
maintain the most efficient like layout
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of piping or even software that lets me
do piping design. You know that level
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of education starts taking the next
step. How do I start doing
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recommendations? How do I help discover
what I as a buyer should know? That's
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we start getting more relevant. That's
when you start thinking about the
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experience uh and a relevant experience
actually becoming part of the value
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that differentiates me as a B two B
seller versus others. And from there,
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you could just get increasingly rich in
terms of really understanding the
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individuals who are buying and
understanding getting to the next level
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of personalization, which then actually
superpowers both your search as well as
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your recommendation. But let me pause
there for a minute, but that's a basic
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road map. We see a lot of lot of
customers start Commerce is one place,
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support, services and helping you self
service another. Um but cross cross
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goes across the entire life cycle of
the customer. Absolutely. Well, you
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circled back to my next point
incredibly well, so this is hardly a
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jump at all. But you were saying, kind
of get us back on this this digital
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experience thread, you were you
mentioned relevance and I think that
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probably is a big part of what the
digital experience needs to be today.
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Can you talk about what you think that
the digital experience, the status quo
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of today's digital experience should be?
Absolutely, you know, it's funny
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because this is where it's hard to
describe, but we all recognize that
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when we experience it and were
increasingly doing it every day. So if
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I had to sum it up, you know, we talked
about the look and feel, and yes, that
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is one part, let's talk about, you know,
let's put that aside for a second. You
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have to have the website, you have to
have call center tools, but the problem
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isn't one of a pretty sight. It's not
even around like the training, we call
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center agents, it's around, you know,
you know, what we really have is a
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relevant question, You know, the right
understanding people and uh and the
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intent that they have, it's not about
being product centric has been, context
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has to know what I'm searching for now.
It's not about demographics, so much of,
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you know, these experiences are driven
on because I come from a certain
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segment, these are things I should like.
But in reality I may be a dad, I mean I
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maybe, you know, love, you know, uh,
button up shirts, but I'm actually a
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dad today looking for a present for my
daughter. So is it in context? And of
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course, is it constantly learning? Um,
and so again, when we think about the
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right and what is the digital
experience first and foremost, help me
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find what I'm looking for. And this
gets back to just the, you know what we
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were talking about before search and
find the right documents, the right
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products, the right person or resources
to help me complete the job at hand.
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That could be, I'm on, I'm on a
commerce site and that's what we've
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been talking about. But in reality we
have customers like Salesforce, Where
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there is a 90% success rate of finest
solution to my problem, that's a whole
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lot of calls, not him, you call center
and it's also matching the way I want
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to do it. I want to find upon myself,
right, you know, the second part of
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delivering a great experiences helped
me discover, like we're saying, learn,
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learn, help me learn things to do with
the job I'm looking to do and in the
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context of what I'm trying to achieve.
And so, you know, whether it's on a
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website on my device, a self service
chat bot, you know, give me the pieces
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that I'm looking for and help me get my
job done. And I know that's a little
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abstract, if you, you know, maybe I can
give you an example of what would it be.
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So, you know, 11 example, let's just
take sales for us. We just started down
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that path there, a great partner, we we
we were um we work with them not only
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selling, you know, around the whole
ecosystem on Salesforce, but they're
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also a great customer. And so, you know,
it starts off with how do I actually
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find new things? And so when you go to
the app exchange, when I started
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exploring new products or even knowing
what I have today, it's giving
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recommendations like netflix. You know,
people like you typically are looking
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for these types of add ons to your
solution. You know, these are certain
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training areas that potentially you may
want to look into. And so how do I
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actually find things? And what we saw
was working with that exchange? Not
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only Um did they increase the
engagement? I think it's like 25% to
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17% install click through as well. And
you know, you talk about people finding
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things easier and actually engaging
with that content. But then we talked a
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lot about now that I have products, how
do I support? How do I how do I
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actually look at finding solutions to
maybe questions I have and that's where
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you're going to the community pages.
You start searching for content as I go
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there and knows what I've, what I have.
I don't have to search for anything but
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lays out, here's some interesting
documents that may be applying to
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things that you could do next. What are
things that can learn for me to
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actually do more with the solutions I
have or even now that I haven't found,
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if I haven't found the solution, I
still have to go to the call center.
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The problems in the call center now are
much harder because I've done so much
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self service. How do I actually helped
the, you know, the agents? And this is
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where, you know, example is as call
center agent. Right in the right hand
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panel, I actually not only have a
history of all the behavior, but I'm
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actually getting recommendations on the
content based upon what they've already
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looked at of what other types of
content may solve the problem they're
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facing. So as I'm typing the case as a
reading out to me, it's actually
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dissecting the words and saying these
are the categories of types of problems
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they may be having you can ask about
but associated that here recommended
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sets of content you can use to resolve
their problem. Again, it's around now,
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not just call deflection, but around
proficiency and how do I make agents
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come across as the expert? And again,
that that sense of expertise is a huge
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driver mps, huge driver of customer
satisfaction. And that all the way goes
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all the way back to even the workplace,
as were saying before, for employees
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looking at, you know, whether it's
sales for us, it's sales people looking
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for the right document to help close
the deal or whether it's, you know, we
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support trailhead. How do you find the
next set of content that helps you
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learn about your product? Again,
employees and how do you find the right
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content? Uh, is a key point. In fact,
we see the employees, We just did a
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survey where workers surveyed spend an
average of two plus hours a day
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searching for the information. Uh, in
part because 41% of them feel that the
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information provided to them is not
relevant to the job role they have and
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that's a lot of time wasted for
employees. And so all around the cycle
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of, of experience, internal and
external stakeholders, you know, find
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that relevant information and
delivering the right visual experience
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applies across the board. Hey,
everybody Logan with sweet fish here.
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If you've been listening to the show
for a while, you know, we're big
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proponents of putting out original
organic content on linked in. But one
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thing that's always been a struggle for
a team like ours is to easily track the
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reach of that linked in content. That's
why I was really excited when I heard
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about Shield the other day from a
connection on, you guessed it linked in
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since our team started using Shield.
I've loved how it's led us easily track
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and analyze the performance of
Arlington content without having to
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manually log it ourselves. It
automatically creates reports and
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generate some dashboards that are
incredibly useful to see things like
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what contents been performing the best
and what days of the week are we
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getting the most engagement and our
average views per post. I highly
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suggest you guys check out this tool if
you're putting out content on linked in
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00:17:16.829 --> 00:17:20.920
and if you're not, you should be, it's
been a game changer for us. If you go
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00:17:20.920 --> 00:17:26.160
to shield app dot Ai and check out the
10 day free trial, you can even use our
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00:17:26.160 --> 00:17:32.480
promo code B two B growth to get a 25%
discount. Again, that's shield app dot
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00:17:32.490 --> 00:17:38.650
Ai. And that promo code is B The number
two de growth. All one word. All right,
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let's get back to the show. So if we
don't move as B two B. Marketers don't
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move in that direction. Emulating and
what you just said, putting it into
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practice, what do we stand to lose?
It's a great question. And certainly,
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um this is one where I I got a great
quote from a customer I was dealing
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with a couple months ago. His point was,
you know, if you are irrelevant, you
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are ignored. And at this point in time
when everyone can find things online,
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there's so many choices out there. This
is a matter of not just losing a
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customer to, it's a matter of company
uh survival. It's not, you know, it's
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it's it's that fundamental. And so and
companies. No, it's true. And they're
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rethinking their customer experience.
You're seeing the rise of a whole new
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organizational titles and initiatives
and you see it in the hiring patterns
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of many companies across industries and
we work across all of them whether it's
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B two B or B two C, and just a couple
examples from, like I said, that
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consumer survey we ran last quarter,
you know, missing shopper expectations.
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I think this is one that a lot of
people see stats on, but it's worth
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pointing out, right, not only costs you
a sale, it costs you a customer, even
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if they buy from you this time, right,
90% of customers we surveyed expect
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online shopping experience is equal, if
not better than the in store experience
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and 43% would pay more if they could
find what they're looking for in just a
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few clicks. Um, and we certainly, you
see the fall off and multiple surveys
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around if it's not relevant, they're
not finding that recommendation right?
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This is why you see so much consumer
business flowing to like an amazon who
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can provide that. But at the same time,
three strikes and you're out, you know,
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three negative service experiences. And
70% of the respondents said they would
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abandon a brand and as we mentioned
before, 50% of digital natives that
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they'll abandon a brand if they can't
self service. That's huge. We're
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talking about massive impacts if people
don't start thinking about that
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experience and be able to deliver that
to their customers. And of course,
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employees and that relevant. You talked
about the fact that they spend a
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tremendous amount of time, in fact, the
ability to build up that proficiency in
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the organization often gets to, you
know, are they finding the right
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information and starting to learn the
best ways to do the job? And that
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raises the whole, not only the ability
of the organization to handle harder
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problems, as we mentioned before, but
that level of being able to move
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forward. Actually, we see a direct
correlation to customer mp to employ
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mps and retention, so certainly impacts
across the board if you stay on the
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status quo. So do we need to take a
page out of the B. D. C. Or e commerce
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digital experience? Uh, you know the
question, the answer is actually yes
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and no actually won. Yes. As you
mentioned, our expectations as buyers
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are absolutely set by what we're seeing
in our consumer experience. And that is
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as absolutely raising the bar for all B
two B but also, and no, the job is
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actually a little different. Let me
just point to a couple examples, you
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know, in the consumer world, a lot of
times you're just trying to sell a
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little bit more. You often get, do you
want cheese with the hamburger? Right,
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I'm sorry or the insurance. Right, You
get some add on recommendation, but
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actually in b to B, it's not around
selling a little bit more, it's around
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adding value. And so that could be, let
me if actually, if you're buying this
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quantity, let me get you to the bulk
platt been to size and that gives you a
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better discount or let me give you a
category cross sell a lot of times,
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buyers know what they're looking for.
What you really want is to educate them
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on other things you can do that would
help them specifically. Again, how do
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you stay relevant to their problems?
They know that you're a great partner
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to educate them. And of course this is
something we talked about in the pre
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call. It actually matters more, that
idea of relevance and that you're
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helping me do my job. You know if I
made a if I as a consumer make a bad
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choice of toothpaste alright. My kids
may hate me for a day or two. Right dad,
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this tastes terrible. I've certainly
got that, that's what's top of mind.
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But uh it was on sale come on. But you
know if if you buy, you know if you
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make a bad procurement decision and it
causes the impact of the business you
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could lose your job. It matters. And so
these you know we talk about providing
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the right experience and being relevant
and they're having a relevant
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experience. It actually matters even
more than in the B. C. World. So
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there's a lot to learn in delivering
the right experience. But you have to
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understand that this is slightly
different as well. And so this is where
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you know, yes and no you just have to,
you know, there is a there's a line and
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are thinking to be done as you think
about how to apply the best practices.
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Okay, so I want to go super
foundational building blocks here for
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somebody who's taking a look and taking
inventory of their companies digital
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experience and their assessment is
something's got to change. We've got to
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evolve into the level up our digital
experience, what is step one? No,
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absolutely. And and so you know, we
have a maturity curve that we typically
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help our customers with and it really
goes around the horn of, you know,
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fixing search relevance number one,
recommend what people need and then
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finally look and revisit the core
journey and assumptions and deliver on
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3 60 degree relevance and let me break
it down a little bit of why that's the
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case right at the end of the day, you
know, it's like painting a picture
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right? You have to start off with a
blank canvas first and when someone
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comes to the specific problem, you
better answer their question. And so
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anything that's the way of that process,
whether it's answering a service
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request or buying, trying to make a
smart purchase decision, you have to be
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able to answer that question and that's
what we were talking about before. And
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a lot of times it means bringing
information follow the place, which
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which is, which is an issue with with a
lot of customers that we first bump
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into Best answer to deflected cases.
Actually YouTube video, a lot of times
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people don't bring in all the
information and so they are often
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limited. So number one fixer, 12 ints.
It's uh, you know, it's actually
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finding all the content and not just
limited to what the system can provide,
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you know, for an open case, an agent
needs to know that there is an open bug
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indira, how do you make sure you bring
that information in and today making
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all these connections? It's hard, this
is why searches often so much better to
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leave the data where it is, don't try
to put it all into Big Cdp, it's
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probably want to overhyped Marketing
technologies out there right now, but
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to be able to leave where it is but
actually know that there's certain type
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of content that actually helps you
answer a certain problem best. And with
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60% of commerce purchases starting with
search and some of our research, you
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know, certainly the ability to self
service and solve that search problem
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is day one problem. Hence we see that
being the critical starting point and
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some folks really just focus their
because their customers, that's what
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they want. But recommendations and what
people need is actually leveraging a
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lot more Ai and and a machine learning
to understand intent, right? It's not
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just historical data, but real time in
constant detects what people are trying
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to do. I'm buying for my daughter right
now. And how do I actually help them
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navigate to, you know, to to control
that, how it actually helped them with
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surfacing the right content and
documents and now brought in from
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across multiple sources. And you know,
most people are captured a ton
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information from search and what
they're doing there. The next step is
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to leverage all that learning and start
giving recommendations. You know, doing
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listing pages of, you know, you come
you log in, you don't have to ask a
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question now, you're starting to give
guidance on these are things that you
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should be doing next. Here are ways or
areas that you maybe want to look
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deeper into, right? And that actually
turns into finally, as you start
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optimizing within an area like service
or commerce, then the third step is
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really starting to look at a broader
and end personalization and revisit the
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core journey, and I think this is where
a lot of people have been jumping right
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into. So sometimes I think this is too
early, but it's always good to have a
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view of your customer journey. Actually,
a great story here. Um a friend of mine
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soon, you he's author of a book called
iconic brands. Um had a great analogy
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where you how do you focus on the right
point of your experience? Is it in your
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call center? Is it in the is it in the
first point of your website? And he
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used the example of Disneyland, Sorry,
we'll go back to a little bit more be
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deceived world. He had his son take a
cran on top of the map of Disneyland.
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You know, you get that one pager map
you get when you first get in there and
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he just had his son mark down little
red dots where he didn't feel like he
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was having as much fun. Right? Clearly
things like waiting lines are sitting
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and waiting for food. And so when you
start thinking about connecting on 360°
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of of that level of relevance and how
to give him what they want at a point
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in time, you know, you start looking at
those friction points and you start
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knocking down down first. And so as you
see about journeys and again, you know,
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you're starting simple with search and
recommendations. But then journeys uh
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now you start to try to connect the
dots and this is where you can start
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leveraging the data, right? Not only
doing things like fast pass to think
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about lines, but the fact is when he
walks closer to the restaurant that
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they have, the reservation at the table
is set right, His name card is there
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and his favorite character is right
there next to the table. I mean those
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are types of experiences that you can
now start to orchestrate because you've
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collected the information and you can
actually start knowing the types of
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things that are most relevant to a
young kid that makes your heart sing,
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right? And I know I should be using a
BB experience story but it's so cute. I
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just had how to use that story, but
exactly the same thing that goes in to
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be to be experienced. You start with
the journey map and where are those
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frustrations, right, fixing irrelevant
searches. One of the first things that
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need to be uh customers absolutely have
because it gets that friction points,
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How do I finding what I'm looking for?
I actually know what I'm looking for. I.
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B two B. I'm usually replenishing, I'm
trying to learn and discover how are
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you starting to recommend the right
things to me. And that applies not just
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to the early points on your website, to
commerce, to service and support, but
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also to how you support your customers
with your internal workplace solutions.
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And so this is why we see ourselves
where I see, you know so much of the
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core as a starting point of search,
fixing the core problems in certain
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processes because they're fast to fix,
starting to leverage AI and machine
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00:27:49.320 --> 00:27:53.310
learning to start bring those
recommendations into those steps and
405
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then have in mind the broader
personalization that you want, the
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leverage of data you want across the
journey to remove this friction points
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or find those points where you can
actually bring more information to
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change the process. And I think those
are the basic steps of how to engage.
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So I want to get a little bit more into
your mind and your experience as you
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were developing and experiencing these
elements of creating a better digital
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experience and the jobs that you've
held. What were those friction points
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for you that other B2B marketers might
encounter. And and also kind of a
413
00:28:27.920 --> 00:28:31.830
second portion of that question, you
know, what are other general warning
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00:28:31.830 --> 00:28:38.330
signs that people might not be nailing
this? Well? Uh so it's always easy to
415
00:28:38.330 --> 00:28:44.000
start with the negative first. Right,
So I think we all are looking at
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falling, we're looking at a level of
saturation of my digital content that's
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00:28:48.440 --> 00:28:53.100
out there. And I think this is one
where uh if there is something that
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we've all struggled with, which is when
we're introducing something new to the
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market, I'm often bringing new products
to market and I've been 20 years
420
00:28:59.070 --> 00:29:02.960
actually working with marketers selling
Martek and other types of engagement,
421
00:29:02.960 --> 00:29:06.530
optimization type of tools. And so I've
not only been living the shoes of the
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00:29:06.530 --> 00:29:10.830
market, but I've also been helping
other cmos actually try to change the
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00:29:10.830 --> 00:29:14.500
way they experience, you know, first
and foremost, is how do I think about
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00:29:14.510 --> 00:29:19.100
engagement? What not only what hooks
and that's an acquisition game, but
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00:29:19.100 --> 00:29:24.540
where am I actually putting the right
piece of content uh in front of uh each
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00:29:24.540 --> 00:29:29.170
person? And so when you look at not
only response to programs which are
427
00:29:29.170 --> 00:29:33.560
constantly be testing, but what is the
the set of content as we moved into
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00:29:33.570 --> 00:29:37.320
creating, become content machines? What
is the effectiveness, all of that
429
00:29:37.320 --> 00:29:40.160
content? How am I promoting and
therefore what response rates? And
430
00:29:40.160 --> 00:29:44.790
that's one that I think we're all
watching. Where are we in, you know, in
431
00:29:44.790 --> 00:29:48.860
in that side, number two, you know,
when we think about general warnings of
432
00:29:48.870 --> 00:29:52.420
of when things are wrong, you know,
it's going to be breaks in the journey,
433
00:29:52.430 --> 00:29:56.540
right? I'm often looking at the full
funnel and one of the things that has
434
00:29:56.540 --> 00:30:00.880
changed is not just sort of em que ele,
but all the way from where people are
435
00:30:00.880 --> 00:30:06.950
showing intent and how am I actually
able to move them through a level of do
436
00:30:06.950 --> 00:30:09.360
they know something about us have to
engage with the little piece, having
437
00:30:09.360 --> 00:30:12.520
moved them from the first touch to
actually start to engage deeper in my
438
00:30:12.520 --> 00:30:17.630
content. And then from there do I get
them into a level of, you know, why us
439
00:30:17.630 --> 00:30:21.680
and wanting to engage with us now and
earn the right to be able to get them
440
00:30:21.680 --> 00:30:26.440
to connect with one of our sellers. And
what's interesting is, you know, now
441
00:30:26.440 --> 00:30:30.790
that we, again, we have all this data,
the conversion rates, like we said,
442
00:30:30.790 --> 00:30:33.310
response percent content, but now we
get much more specific about the
443
00:30:33.310 --> 00:30:38.300
context by which were actually exposing
uh, folks, each one of those pieces of
444
00:30:38.300 --> 00:30:42.440
content. And so leveraging, automation,
leveraging tools like relevance to be
445
00:30:42.440 --> 00:30:46.740
able to surface, right content is where,
you know, really accelerating the
446
00:30:46.740 --> 00:30:52.190
funnel is where we see it in terms of
the friction points. Um, I think we, we,
447
00:30:52.190 --> 00:30:57.610
you know, we hit a couple of those and
so, um, for me, especially on the BdB
448
00:30:57.610 --> 00:31:04.480
world, the friction points are, let me
take a step back from a BB marketer
449
00:31:04.480 --> 00:31:07.850
when we talk about engagement. You know
the friction points are not only on
450
00:31:07.850 --> 00:31:13.020
that acquisition but also now
increasingly how do we extend that to
451
00:31:13.020 --> 00:31:16.950
grow with our customers? And that's
become so important now and hence you
452
00:31:16.950 --> 00:31:21.810
know the engagement around how do we
service the support, How do we actually
453
00:31:21.810 --> 00:31:24.850
continue to expand usage? Especially as
you move more into subscription based
454
00:31:24.850 --> 00:31:32.270
world is so important. And so actually
looking at all the transition points
455
00:31:32.640 --> 00:31:38.180
for conversion, Not only are early
warnings but the friction points of
456
00:31:38.190 --> 00:31:42.460
acquisition is No. one The friction
points of actually getting to next year
457
00:31:43.040 --> 00:31:47.360
of of usage next year of value is
actually the next friction point. Let
458
00:31:47.360 --> 00:31:51.560
me give you an example. So I was
working with a a large grocer
459
00:31:52.640 --> 00:31:58.330
and they found that everything starts
with a list. What's interesting here is
460
00:31:58.340 --> 00:32:03.590
my shopping list. Yeah, every saturday
I have my my my my typical groceries
461
00:32:03.600 --> 00:32:08.870
delivered to me. But if middle of the
week I actually think oh I need
462
00:32:08.870 --> 00:32:14.510
batteries and I add in batteries to my
shopping list. I shift my perception of
463
00:32:14.510 --> 00:32:19.480
who I am. Of who the who this grocery
is from just being a way to get
464
00:32:19.490 --> 00:32:24.280
deliveries to me on on my shopping list
to any household goods. Be top of mind
465
00:32:24.280 --> 00:32:28.690
at point of need. That is the next
friction point, acquire. The next
466
00:32:28.690 --> 00:32:32.350
fiction point is how do I actually grow
and get that next year of value with my
467
00:32:32.350 --> 00:32:36.310
customers. And so when you think about
the customer journey, the next point is
468
00:32:36.310 --> 00:32:40.860
how do I actually start mapping to and
saying how am I deliberately moving
469
00:32:40.860 --> 00:32:44.630
someone to the point where I'm no
longer just a list of shopping goods.
470
00:32:44.640 --> 00:32:49.140
I'm actually now a point where anytime
I have a household need, I think of
471
00:32:49.140 --> 00:32:54.500
this uh this brand and that is actually
the other kind of inflection point I'm
472
00:32:54.500 --> 00:32:59.510
often looking for as I look to not just
acquire, but increasing as marketers
473
00:32:59.520 --> 00:33:05.010
responsible for the full life cycle to
grow mike. If there was one thing that
474
00:33:05.010 --> 00:33:12.020
you wanted listeners to take away from
this episode, what would it be? Well, I
475
00:33:12.020 --> 00:33:16.440
would say this, everyone can compete
with the giants who have literally
476
00:33:16.440 --> 00:33:21.840
spent, you know, ton of money, millions,
if not much more than that to deliver
477
00:33:21.840 --> 00:33:25.890
on their experiences. And I think this
is what makes marketing so exciting
478
00:33:25.890 --> 00:33:30.050
right now, if you want to provide the
best digital experience to compete with
479
00:33:30.060 --> 00:33:34.630
any of these guys, the tools have been
democratized, right? The the, the
480
00:33:34.630 --> 00:33:38.680
investments they have made, like the
amazons, the apples, the ubers of the
481
00:33:38.680 --> 00:33:43.530
world are now actually available and
able to use actually less data to be
482
00:33:43.530 --> 00:33:46.950
able to come to the same level of
recommendations to come to the same
483
00:33:46.950 --> 00:33:51.580
level of relevance. And so if there's
one message, certainly everyone can
484
00:33:51.580 --> 00:33:55.640
compete. They should look at, you know
how to get started for sure. And I
485
00:33:55.640 --> 00:33:58.580
think you hit a couple of those points.
Uh, and there are certainly experts
486
00:33:58.580 --> 00:34:02.870
like coviello that can help you meet
your customer and employee expectations
487
00:34:02.880 --> 00:34:08.960
and and help you along that road,
brilliant. Well how can listeners
488
00:34:08.969 --> 00:34:14.050
connect with you, learn more about you
and learn more about covert? Sure. As
489
00:34:14.050 --> 00:34:19.070
always, you know, you can, you can find
us at gmail dot com at the same time we
490
00:34:19.070 --> 00:34:23.730
have a ton of resources. There are blog
as well to just learn about what does
491
00:34:23.730 --> 00:34:26.400
it mean to try to deliver relevant
experience, tons of case studies,
492
00:34:26.409 --> 00:34:31.130
whether it's folks like zero, you know,
for mike, uh you know whether it's
493
00:34:31.130 --> 00:34:34.040
sales force themselves and how they are
delivering experiences. So certainly
494
00:34:34.040 --> 00:34:37.600
recommend you start there. Um, you can
always find me, My twitter handle is
495
00:34:37.600 --> 00:34:42.679
mike me and uh if you feel free to
reach out and contact me or my team any
496
00:34:42.679 --> 00:34:47.900
time and happy to answer any questions
knee like the body part that's spelled
497
00:34:47.909 --> 00:34:55.980
and I spelled and I short great on
scantron great sketch. Well it has been
498
00:34:55.980 --> 00:34:59.750
so wonderful to talk. Do I have learned
so much? You've also just brought up a
499
00:34:59.750 --> 00:35:03.800
ton of questions in my brand that I'm
sure I'm gonna pepper you with later,
500
00:35:03.810 --> 00:35:08.050
but thank you so much for joining me on
B two B growth. It's been a pleasure to
501
00:35:08.050 --> 00:35:13.590
be here. Thanks for having me. Is your
buyer at BBB Marketer. If so, you
502
00:35:13.590 --> 00:35:17.160
should think about sponsoring this
podcast. BTB Growth gets downloaded
503
00:35:17.160 --> 00:35:21.900
over 130,000 times each month. And our
listeners are marketing decision makers.
504
00:35:21.910 --> 00:35:26.070
If it sounds interesting, send Logan
and email Logan at Sweet Fish Media dot
505
00:35:26.070 --> 00:35:26.350
com.
506
00:35:28.940 --> 00:35:30.850
Yeah.