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Nov. 9, 2022

What Mattress Mack Teaches Us About Building Affinity | Echo Chamber

Welcome to The Echo Chamber where James and Benji throw in their 2 cents on what B2B marketers are talking about on the internet. Today Benji reacts to hearing the story of Mattress Mack for the first time and the guys discuss lessons learned from...

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B2B Growth
Welcome to The Echo Chamber where James and Benji throw in their 2 cents on what B2B marketers are talking about on the internet. Today Benji reacts to hearing the story of Mattress Mack for the first time and the guys discuss lessons learned from the love he has received from the city of Houston. 
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Transcript
WEBVTT 1 00:00:08.199 --> 00:00:12.880 Conversations from the front lines of marketing. This is B two B Growth. 2 00:00:16.280 --> 00:00:19.359 Welcome back to the echo Chamber here on B TWOB Growth, where we throw 3 00:00:19.399 --> 00:00:22.800 in our two cents on what B two B marketers are talking about on the 4 00:00:22.839 --> 00:00:26.760 internet. I'm James Carberry and I'm joined today by Benji Block. We've got 5 00:00:26.839 --> 00:00:31.039 Denore on the other side of the mic producing the episode. And uh, 6 00:00:31.359 --> 00:00:34.439 Benji, we're doing this a little bit different. Uh So, there's a 7 00:00:34.479 --> 00:00:38.479 story that I wanted to talk about on the Echo Chamber and you actually I 8 00:00:38.520 --> 00:00:43.560 thought you would have heard this story by now, and you haven't, and 9 00:00:43.640 --> 00:00:48.880 so we're going to reveal this on the episode. But the story is about 10 00:00:48.960 --> 00:00:53.520 Mattress Mac. So, Benji, you you don't know anything about Mattress Mac. 11 00:00:53.560 --> 00:00:57.200 Correct. I have never heard of Mattress Max. So so film me 12 00:00:57.240 --> 00:01:00.920 in so particularly with you, just I mean with you being until a few 13 00:01:00.960 --> 00:01:06.439 weeks ago in Austin. So this guy, Mattress Mac, he owns a 14 00:01:06.480 --> 00:01:11.959 mattress store in in the Houston area and he has put together this campaign for 15 00:01:12.040 --> 00:01:15.519 his mattress store. Maybe it's more than just mattresses, but I think it 16 00:01:15.680 --> 00:01:21.519 might be just focused on mattresses. Where anybody if the Houston Astros win the 17 00:01:21.519 --> 00:01:26.359 World Series this year, anybody who has bought furniture from Mattress Max store in 18 00:01:26.359 --> 00:01:32.400 in the year of so starting January one, he will refund them a percent 19 00:01:32.480 --> 00:01:37.959 of their money if the Houston Astros win the World Series. So you can 20 00:01:38.000 --> 00:01:46.359 imagine that. You can imagine that this is building massive affinity for this Mattress 21 00:01:46.480 --> 00:01:51.840 Mac brand locally right like where he needs to build affinity. He needs everybody 22 00:01:51.840 --> 00:01:57.000 in the Houston area to know and love Mattress Mac so that for their next 23 00:01:57.040 --> 00:02:00.920 Mattress purchase, it's a no brainer who they're going to work and what he's 24 00:02:00.959 --> 00:02:07.519 done. He's also gone to I think like ten different sports books in Vegas 25 00:02:07.280 --> 00:02:14.240 and he's like bet ten million dollars on the Astros winning the World Series. 26 00:02:14.719 --> 00:02:20.080 So if the Astros win the World Series, that ten million turns into seventy 27 00:02:20.120 --> 00:02:24.840 five million, which he then uses to pay back all of his customers for 28 00:02:24.919 --> 00:02:30.319 the furniture that they've bought. In two. I heard that and I thought 29 00:02:30.759 --> 00:02:34.439 that is freaking brilliant. Apparently this year, I mean, because they've obviously 30 00:02:34.479 --> 00:02:37.599 been talking about it leading up to the playoff run, which is why I'm 31 00:02:37.639 --> 00:02:40.240 surprised you haven't heard about it, because they've been talking about this for I 32 00:02:40.240 --> 00:02:44.039 mean, I think he started it in January, so they've been talking about 33 00:02:44.039 --> 00:02:46.879 it leading up to the World Series that like, oh my gosh, this 34 00:02:46.960 --> 00:02:51.759 crazy thing that this guy is doing. And then the Astros actually like make 35 00:02:51.840 --> 00:02:53.719 it to the World Series, so it's like, oh my god, Like 36 00:02:53.800 --> 00:02:58.719 the the story of it is just so brilliant. This is it. This 37 00:02:58.800 --> 00:03:02.319 is like it's down to like the next few nights. Is this is how 38 00:03:02.360 --> 00:03:09.280 did I was I living under a rock? Like where was I? Maybe 39 00:03:09.319 --> 00:03:15.599 I was moving across the country. James, This is totally a story that 40 00:03:15.800 --> 00:03:21.199 I would like get really deep into and maybe I just like heard mattress mackin 41 00:03:21.280 --> 00:03:23.520 because it's like baseball, It's like I care, but I don't really care, 42 00:03:23.639 --> 00:03:28.360 especially when like my soccer teams and like, I mean, I got 43 00:03:28.400 --> 00:03:31.800 other sports that I really care about. But this is incredible for so many 44 00:03:31.879 --> 00:03:36.599 reasons. And I finally I just pulled up the article too, So now 45 00:03:36.639 --> 00:03:38.639 I'm like trying to deep dive and listen to this at the same time. 46 00:03:38.840 --> 00:03:45.000 Okay, but so if they don't win, it was a great marketing play. 47 00:03:45.080 --> 00:03:49.520 But what happens like he's just out all this money. So there's a 48 00:03:49.560 --> 00:03:52.719 line in here in this article that says, even if the Philadelphia Phillies prevail, 49 00:03:53.319 --> 00:03:57.800 Mcinveil figures he'll still come out half a million to a million dollars ahead 50 00:03:58.120 --> 00:04:02.520 after paying out customer funds. Yeah, they've had apparently. I was talking 51 00:04:02.520 --> 00:04:05.919 to my buddy about this last night. They've had their greatest year ever in 52 00:04:06.039 --> 00:04:10.759 terms of sales, and so I think they've done like fifteen million in revenue 53 00:04:10.800 --> 00:04:14.240 this year, of course, but to have to do fifteen million in refunds 54 00:04:14.879 --> 00:04:17.839 if your team wins because of this bet you've made would obviously put a hamper 55 00:04:17.839 --> 00:04:20.920 on the big year you've had. But then the fact that he's offsetting it 56 00:04:21.000 --> 00:04:27.839 with these bets where if they win, the bets basically cover it. It's 57 00:04:27.959 --> 00:04:32.000 so like, I'm like, this is next level brilliant. And what's another 58 00:04:32.040 --> 00:04:36.120 thing that's so brilliant about it? Like the likelihood of the story playing out 59 00:04:36.160 --> 00:04:40.439 this way where you make this bet in January and then the team actually makes 60 00:04:40.439 --> 00:04:44.360 it to the World Series probably not gonna happen again. I mean, I 61 00:04:44.360 --> 00:04:48.600 would imagine like the likelihood of it happening is so minuscule, but the affinity 62 00:04:48.759 --> 00:04:53.839 that this now builds in the Houston area around Mattress Mac, this guy is 63 00:04:53.879 --> 00:04:58.839 now going to be an icon for likely decades, for the rest of time. 64 00:04:59.079 --> 00:05:00.879 And so my buddy was like, man, you know, like even 65 00:05:00.879 --> 00:05:04.199 if he loses his shorts, has to give back all the money to clients. 66 00:05:04.639 --> 00:05:09.360 I mean, what this does for him from a top of mind, 67 00:05:09.800 --> 00:05:14.439 I mean everybody in Houston and everybody, even if you're not a baseball fan, 68 00:05:14.959 --> 00:05:16.680 when you're living in the city and that and that team goes to the 69 00:05:16.720 --> 00:05:20.560 World Series, you become a fan because you pride in your city and all 70 00:05:20.600 --> 00:05:26.000 that stuff. And so the affinity that people are going to have towards wanting 71 00:05:26.000 --> 00:05:30.480 to buy their Mattress there just because he's this likable old man you see him 72 00:05:30.519 --> 00:05:34.319 at the games. I'm seeing all these like memes and videos of like and 73 00:05:34.480 --> 00:05:39.160 last night's game, Bryce Harper, like I think it was in the first 74 00:05:39.199 --> 00:05:44.279 inning hit like a two run homer, and there was just this video of 75 00:05:44.279 --> 00:05:47.759 Mattress back on the sidelines, like like sitting in his seat face aalt troop 76 00:05:47.879 --> 00:05:51.959 and like, Dad, I mean, I've been watching some of the playoffs, 77 00:05:53.000 --> 00:05:56.800 but I did not I like did not see last night's game, and 78 00:05:57.600 --> 00:06:00.399 now I'm like, I'm literally like, should I just go back and rewatch 79 00:06:00.439 --> 00:06:03.680 all of the playoffs just so I can see how they've been talking about this 80 00:06:03.720 --> 00:06:09.879 guy? This is his quote is like iconic. He says, I'm reading 81 00:06:09.879 --> 00:06:13.800 the article. I have no fear in me. I have a high tolerance 82 00:06:13.800 --> 00:06:15.879 for risk. If I lose, there's always another day. Like put that 83 00:06:15.959 --> 00:06:21.279 on billboards all across Houston right now, Like that is just that is too 84 00:06:21.360 --> 00:06:27.199 good man. And this is the best example I've seen who doesn't want Yes, 85 00:06:27.399 --> 00:06:30.519 this is affinity over awareness at like a hundred and fifty, Like this 86 00:06:30.600 --> 00:06:35.319 is what we should be talking about as marketers and in the B two B 87 00:06:35.399 --> 00:06:40.240 spaces like these type of examples, because you can get examples from this from 88 00:06:40.279 --> 00:06:45.639 anywhere really, but like when this is such a good affinity play and it's 89 00:06:45.680 --> 00:06:47.680 obviously also like a local like what you're bringing up, James, Like the 90 00:06:47.680 --> 00:06:51.160 Houston area is just gonna love this guy and love this story. But this 91 00:06:51.240 --> 00:06:55.279 is totally doable in other ways. It doesn't just have to be sports, 92 00:06:55.279 --> 00:06:59.279 but sports is so perfect for this. Yeah, I think about the seven 93 00:06:59.319 --> 00:07:06.839 year old who is growing up right now in Houston experiencing this crazy story and 94 00:07:08.000 --> 00:07:13.160 that seven year old is gonna be twenty seven one day. And the long 95 00:07:13.279 --> 00:07:17.000 game play of this I don't think can be understated when you're talking, But 96 00:07:17.079 --> 00:07:21.360 that's what happens when you focus on affinity, when you do things that make 97 00:07:21.480 --> 00:07:30.040 people have an irrational bias toward you. These mattresses could suck like they lumpy, 98 00:07:30.240 --> 00:07:33.439 crappy mattresses, and that's not going to be how they win long term, 99 00:07:33.480 --> 00:07:38.000 obviously, because you have to still have a great product. But you 100 00:07:38.160 --> 00:07:43.519 just get so much grace from the market when you've done things to make the 101 00:07:43.600 --> 00:07:48.199 market fall in love with you. And this old man is running the playbook 102 00:07:48.480 --> 00:07:54.720 with this particular campaign to freaking perfection. Yeah, this is the story. 103 00:07:54.959 --> 00:07:58.600 Like this is a story that people fall into, they find themselves into it, 104 00:07:58.639 --> 00:08:00.879 and then they have like this, I want to be a part of 105 00:08:00.879 --> 00:08:03.120 the story. So I want to go buy a mattress. Like if they 106 00:08:03.120 --> 00:08:05.839 had gotten out in the first round of the playoffs, it still would have 107 00:08:05.879 --> 00:08:09.000 been like, oh well, like, man, I'll always remember the year 108 00:08:09.040 --> 00:08:11.920 I bought that mattress because like I could have got a ref you know what 109 00:08:11.920 --> 00:08:15.759 I mean, Like you still could tell that story even if you never got 110 00:08:15.800 --> 00:08:20.879 the refund and you're catching people. That's that's a great way. This is 111 00:08:20.120 --> 00:08:26.240 such a good example of like how you do actually build affinity. You do 112 00:08:26.279 --> 00:08:31.839 that by helping people find themselves in the story, Like how are they invited 113 00:08:31.839 --> 00:08:37.679 into the story that you are telling? And there's this participation because mattress is 114 00:08:37.720 --> 00:08:41.240 like they don't have to be high end expensive, but they're not small purchases, 115 00:08:41.440 --> 00:08:43.360 you know what I mean, Like, it's not like he's selling this 116 00:08:43.759 --> 00:08:46.919 just it's not a burger, it's not other things we've talked about here on 117 00:08:46.919 --> 00:08:50.960 other Echo Chamber episodes that like influencers sell, mattresses are a bigger purchase than 118 00:08:52.000 --> 00:08:54.879 that. But because of the way he's doing, anyone that's in the market 119 00:08:54.919 --> 00:09:00.240 to buy a mattress and some people that are like my mattress is a little 120 00:09:00.320 --> 00:09:05.039 uncomfortable. Now they're in the market because the story is just so good that 121 00:09:05.080 --> 00:09:09.000 they want to participate. And uh, man, I'm not an Astros fan. 122 00:09:09.360 --> 00:09:11.440 I actually really don't like them. And now I'm like, do I 123 00:09:11.559 --> 00:09:16.480 cheer for them or do I cheer for everybody to get a refund? So 124 00:09:16.480 --> 00:09:22.320 so yeah, I just think this story is fascinating and it reinforces our our 125 00:09:22.360 --> 00:09:26.679 core belief here that it is all about affinity. This guy could plaster mattress 126 00:09:26.759 --> 00:09:33.519 mac billboards and get all kinds of awareness by being on all the busy highways 127 00:09:33.519 --> 00:09:37.399 in Houston or you know that that's how you get awareness. You just gotta 128 00:09:37.480 --> 00:09:41.120 be in front of people where they are. And I'm sure he would do 129 00:09:41.279 --> 00:09:46.879 okay, But when you focus on affinity over awareness, it ends up creating 130 00:09:46.120 --> 00:09:52.200 such massive awareness and awareness that is so much more effective because it's awareness coupled 131 00:09:52.240 --> 00:09:58.399 with someone having a deep love or interest in you. And I love what 132 00:09:58.440 --> 00:10:03.120 you said, Ben you about people seeing themselves in the story of it. 133 00:10:03.440 --> 00:10:07.399 And even had they not had this world series run, it would still like 134 00:10:07.639 --> 00:10:11.720 the moment you have with your kids on the couch watching the game being excited 135 00:10:11.759 --> 00:10:13.639 because it's like, oh, we like, we're gonna get our bunk beds 136 00:10:13.679 --> 00:10:16.679 refunded if if they win this game or if they get to the next round. 137 00:10:16.720 --> 00:10:22.960 Like it creates, it creates micro moments, It creates stories for probably 138 00:10:24.000 --> 00:10:28.759 tens of thousands of people, and the after effect of that is going to 139 00:10:28.840 --> 00:10:35.559 be such unreal amounts of affinity towards this man and this and his company in 140 00:10:35.600 --> 00:10:39.240 a way that I literally don't think I've ever seen anything like it. Alright, 141 00:10:39.360 --> 00:10:43.360 So that wraps it up today for this episode of the Echo Chamber. 142 00:10:43.399 --> 00:10:48.360 Remember there are a lot of ways to win. Commodity content is the enemy. 143 00:10:48.440 --> 00:10:52.720 And if there's any other story in the world to illustrate the fact that 144 00:10:52.759 --> 00:10:56.320 you should be focusing on affinity or awareness, it is the story of Mattress 145 00:10:56.440 --> 00:11:00.639 Mac. For all things b twob Growth, go to Bob a Show dot 146 00:11:00.679 --> 00:11:16.320 com. Connect with us over on LinkedIn. We're out. We're always excited 147 00:11:16.360 --> 00:11:20.039 to have conversations with leaders on the front lines of marketing. If there's a 148 00:11:20.080 --> 00:11:24.840 marketing director or a chief marketing officer that you think we need to have on 149 00:11:24.840 --> 00:11:28.399 the show, reach out. Email me Benji dot Block at sweet Fish Media 150 00:11:28.559 --> 00:11:31.639 dot com. I look forward to hearing from you.