Author: Drew Neisser

MRP CMO Explains Why Predictive Analytics in Marketing Will Revolutionize the B2B Industry

Posted on by Drew Neisser

Predictive analytics in marketing is going to revolutionize the way CMOs and marketing teams do business. On this stimulating episode of Renegade Thinkers Unite, Drew interviews James Regan, CMO and co-founder of MRP.

James and his company are greeting predictive analytics with excitement and ingenuity. He shares why your company should be doing the same on this episode. This technology, combined with artificial intelligence (AI), is not something to be feared, contrary to what Hollywood may lead us to believe.

For a full explanation of this exciting new technology, why predictive analytics is NOT the death of big brand ideas and company storytelling, and how to start integrating this idea into your company, be sure to listen to this conversation.

Predictive analytics in marketing is something everyone needs to hear. Don’t be left behind, and give this podcast your full attention. Click here to listen.

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Predictive analytics in marketing is fairly new – what is it and why is it important?

Predictive analytics seeks to increase marketers’ ability to achieve the “holy trinity” of digital marketing – getting the right message in front of the right person at exactly the right time. James offers listeners of this episode of Renegade Thinkers Unite the perfect explanation of this technology. In a B2B sense, every organization has potential clients that are doing research on what they may need to buy that will serve their needs. Predictive analytics can track this digital data trail that tells your organization general geolocations and keyword sets that are spiking. The analytics program then automatically sends out tailored content that puts a problem-solving solution directly in front of the eyes of the potential client. James further explains that this is not being done at an individual level, rather at a group target market level. James’ description is best understood by listening to this episode of Renegade Thinkers Unite, so be sure to make time for the full audio.

Why the invention of predictive analytics is a death sentence for traditional campaigns, but not for big brand storytelling

Predictive analytics is moving marketing teams towards automating and programming their engagement strategies into an AI program, rather than focusing on traditional campaign methods. James claims that traditional campaigns are simply too slow in today’s lighting-fast environment. He argues that if you really want to deliver a relevant message, you have to be doing programmed customer engagement. You need to have an “always-on” approach that directly integrates your response with the appropriate message that is aligned to the content your potential customers are consuming outside of your firewall. Simply put, traditional campaigns create gaps in communicating with your customers that cannot be permitted any longer. This does not mean your brand’s big stories are irrelevant. Predictive analytics simply propels your values and stories at lightning-fast speed – it does not eliminate the story you’re trying to tell. You have to focus on the big brand of your company before you can focus on content delivery optimization. This episode is full of insights that you need to hear, so be sure to listen.

The future of B2B marketing in a predictive analytics world, removal of the human screen, and what is preventing mass adoption of this technology

AI and predictive analytics are going to reshape the world of B2B marketing as we know it. One of the biggest questions Drew asks James on this episode surrounds the perceived danger of removing the human element from the backend of content delivery. What will prevent an AI system from delivering the wrong message at an inappropriate time? James explains that AI will pull from an extensive digital repository of content that a marketing team has crafted. It will not be creating its own messages. Programming algorithms to know what message to pull and when is still a challenge, but one that is quickly being solved by the marketing world’s best and brightest. There is also the issue of what companies have access to massive data-ingestion technology. James predicts an arms race to see what company can get the best real-time input on customers and their behavior and that this will drive the future of predictive analytics. The next few years will see a huge uptick in this technology, and your company should not be left out of the loop. Be in the know by listening to this interview on Renegade Thinkers Unite.

What You’ll Learn

  • [0:29] Drew tracks down an expert in the field of predictive analytics for this episode, James Regan, CMO and co-founder at MRP
  • [2:05] The excitement surrounding predictive analytics at MRP
  • [4:20] James’ layman’s explanation of predictive analytics
  • [8:26] Specific actions that sales teams can take to take advantage of this information
  • [11:38] The death of traditional marketing campaigns
  • [13:57] James shares a real-world example to describe how predictive analytics works
  • [14:55] Creating the messages upfront and programming them into the analytics system is still a challenge
  • [16:10] Predictive analytics, the future of B2B marketing, and removing the human element
  • [20:50] What is preventing mass adoption of predictive analytics?
  • [23:48] Predictive analytics is NOT the death of the big-brand idea
  • [26:04] How a CMO’s plan can welcome predictive analytics
  • [28:33] Why an out of control marketing tech stack can be mitigated through predictive analytics tools and outsourcing
  • [32:33] James’ two overall “do’s” and a “don’t” for CMOs

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Best Strategies to Improve Your Marketing Technology Stack

Posted on by Drew Neisser

In this second installation of Drew’s interview with Eric Eden, CMO of Receipt Bank, they discuss additional strategies to improve your marketing technology stack. Be sure to listen to part 1 of this conversation on episode 71 of Renegade Thinkers Unite.

You have to have the right technology stack in place in order to be effective in today’s B2B marketing environment. After securing a budget and receiving buy-in from company leadership teams, selecting the right pieces to add to your stack is the next big step.

There are countless programs and applications available, but CMOs must avoid getting caught up in the newest, shiniest options on the market. By identifying your organization’s marketing and revenue goals you can then decide which programs will help you achieve those goals. Hiring the right staff and giving them the right training will ensure these pieces will positively impact your marketing efforts, which will drive leads to your sales team.

Don’t miss the engaging conclusion to Drew’s conversation with Eric – be sure to catch this episode of Renegade Thinkers Unite. Click here to listen.

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Marketing technology stack additions are expensive and extensive – ensure you know what it entails upfront to avoid disappointments later on

Adding a new piece to your organization’s marketing tech stack puzzle can be a complicated, lengthy process. In order to receive the highest level of buy-in from company executives, they have to understand all of the costs associated with the new product. Eric explains to Drew that CMOs have an organizational responsibility to outline all of the costs of the purchase, implementation, and staffing so that other key organization members are not caught off guard later on in the process. It’s better to have to fight harder for new team members upfront than try to secure additional budget figures after committing to a piece of technology. To hear Eric fully explain why being upfront when considering a new piece of technology is so critical, don’t miss his interview on this episode of Renegade Thinkers Unite.

Why the people you hire to manage the technology can make or break its success

Very few companies already have the necessary team members in place to handle a new piece of marketing technology. Drew and Eric discuss the importance of having multiple employees that can handle writing a campaign, implementing the campaign, and then analyzing and reporting on the data. If you only rely on one employee to handle these tasks the chances of critical information going unnoticed rises significantly. Your organization’s tech stack team needs to be flexible, highly skilled, and knowledgeable about areas such as system security and data flow. CMOs need to be able to convey this necessity to company leadership in order for new tech stack pieces to be most effective. Eric explains that “You’ll avoid countless problems by hiring the right people with the right skills.”

Avoid “new and shiny” distractions to focus on what your business truly needs

There is an abundance of programs on the market that can satisfy any B2B marketing need. But Drew and Eric urge listeners of this episode of Renegade Thinkers Unite to not be distracted by the “latest and greatest” programs or products. As the CMO of your company, you have the responsibility of identifying what it is you want to achieve and then finding a system that helps you achieve that goal. If you simply set out to build a marketing system, you can build layers forever. You should also avoid system overlap. Revenue goals and budget restrictions will also help you narrow down the available options. Finding the right piece of marketing technology and seeing it succeed within your company will be worth the extensive upfront research. You don’t want to miss this conversation and more, so be sure to give this episode your full attention.

What You’ll Learn

  • [0:30] Drew reviews part 1 of his interview with Eric Eden
  • [1:18] You have to understand all of the costs associated with implementing and staffing a new piece of technology
  • [6:03] Your tech stack team for new technology needs to be flexible and highly skilled
  • [9:54] Don’t get caught up in the new and shiny applications, focus on what systems will help you achieve your organization’s goals
  • [16:31] Narrowing your universe through account-based marketing (ABM)
  • [17:48] Using business intelligence to visualize your tech stack data
  • [20:15] Eric’s biggest frustration and challenge in B2B marketing technology stack spheres
  • [24:24] The future of B2B marketing technology and how artificial intelligence will impact the industry
  • [26:47] Final thoughts on marketing tech stack tools and the importance of product contract negotiations

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Using a Refined Marketing Technology Stack as a Revenue Generator

Posted on by Drew Neisser

When Drew recently asked a crowd of CMOs how much revenue marketing should directly generate, most said 5-15%. However, Eric Eden, expert CMO of Receipt Bank, claimed that marketing should be a company’s main revenue generator, bringing in 80% of all sales.

This uncommon point of view is explained and detailed on this episode of Renegade Thinkers Unite. Eric and Drew talk through the first two main steps of how to turn your marketing efforts into a revenue machine. They discuss the importance of having a solid foundation marketing technology stack, all of the details behind why evidence-based marketing is the norm, and how to secure a substantial marketing budget for your team. You can listen to part 2 of this interview here. 

You’ll learn a lot from part one of this conversation, so give it your full attention. Click here to listen.

Why a CRM is a foundational basis needed for any successful marketing or revenue-generating campaign

Eric explains on this episode of Renegade Thinkers Unite that without a functional and clean customer relationship management technology piece, your marketing will never turn into a revenue generator. He continues by saying that, “If you don’t have a good marketing technology stack that enables your demand generation engine, everything falls apart.” A solid CRM piece allows you to track leads, understand what is encouraging or hindering contract success, improves integration between marketing and sales teams, and is necessary when putting together a budget proposal. If a CMO is looking at upgrading a single piece of their marketing strategy, having a bombproof CRM platform needs to be at the top of the list. To hear why CRM technology is so critical, and to understand why Eric is so adamant about this piece of technology, be sure to give this episode a listen.

The importance of understanding evidence-based marketing to secure a substantial budget

Gone are the days where the phrase, “it’s complicated, just trust me!” can be successful in budget meetings with company executives. In order to secure the funds marketing teams need, CMOs need to understand how to articulate their marketing in in terms of data and evidence of success. The burden of proof lies with the CMO to persuade others why marketing as a revenue generator can work for the company. You have to determine how to frame things in such a way that makes people comfortable with spending dollars on marketing, build a common language that all teams and levels of employees understand, and prevent any misconceptions. Once you have set the stage and brought people over to your side of the budget debate, you can then begin to determine what percentage of the budget should be spent on each potential customer, and the ROI that would come from each prospective contract. This framing turns marketing into an investment, not a cost, and is the key to massive success. To hear Drew and Eric’s conversation surrounding evidence-based marketing and how it can ultimately be used to generate revenue, don’t miss this episode.

Transform your ordinary marketing campaigns into a massive revenue generator through automation

After a functional CRM piece, the next step to generate revenue is marketing automation –  the second most popular piece of a technology stack. Eric urges listeners of this episode of Renegade Thinkers Unite to understand that automation cannot and does not happen overnight, or even within 90 days. A truly successful marketing automation plan can take upwards of 6 months to design and implement. But the time investment is 100% worth it. By hiring talented sales people and allowing them to actually sell your company, without getting bogged down by monotonous tasks, you are ultimately generating more revenue for the company. Automation allows more integration between the marketing and sales teams and setting the correct timeline expectations upfront will prevent mishaps later on down the line. Drew and Eric have a great conversation about marketing automation and the connections it has to revenue generation on this episode, CMOs in every industry need to hear it.

What You’ll Learn

  • [0:29] Drew introduces his guest for this episode, Eric Eden
  • [3:05] How to lay the foundation for marketing to become a revenue generator
  • [6:00] Why the burden of proof for success lies with the marketer
  • [8:27] What exactly is evidence-based marketing, and how do you define your strategy?
  • [13:57] Eric walks through his process for securing a substantial marketing budget
  • [22:02] The essentials for your company’s tech stack and additional layers to consider
  • [28:22] What’s the next step after creating a solid CRM piece?
  • [33:39] Why isn’t it more common to combine the first two layers of your marketing stack?

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The Prophet Way of Utilizing Brand Storytelling to Engage With Audiences

Posted on by Drew Neisser

David Aaker, known as “Father of Modern Branding,” discusses the idea of B2B brand storytelling and being able to convey engaging messages on this episode of Renegade Thinkers Unite hosted by Drew Neisser.

As the Vice Chairman of marketing consultant giant Prophet and renowned author, David has decades of experience in reinventing the way a company shares its brand message. He explains to Drew the importance of balancing hard facts with emotions as well as emphasizes the importance of becoming a brand other companies want to be associated with.

David also shares multiple personal stories that validate the importance of being a stellar brand storyteller. You don’t want to miss his explanation of how both T-Mobile and Barclay turned their companies around through brand storytelling.

David’s expertise will revolutionize your company’s way of conveying messages, so be sure to give this episode your full attention. Click here to listen.

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Why are stories so effective in engaging customers and employees?

Brand storytelling is more than just a hot topic in current B2B marketing environments. It is the key to truly connecting with your employees, partners, and customers. B2B customers feel the need to have a relationship with the business they interact with and employees need to feel that their work is important. Stories garner attention, change perceptions and attitudes, and inspire action – and stories are far more effective than fact-sharing alone. This is why your company and team need to be experts in brand storytelling. To hear the full reasoning behind why this idea is a critical issue for companies across the country, be sure to listen to this episode of Renegade Thinkers Unite.

The importance of creating a signature story while balancing fact and emotion

When trying to convey a message, a CMO has two options: share facts or tell stories. Even though some may argue that “if it’s not fact-based how do you convince people’s it’s actually true?”, there is a balance that needs to be reached. The key in the B2B storytelling space is to either magnify the problem, offer a solution or accentuate the outcome. This can artfully be done by combining customer testimony with just enough facts to provide a reliable level of reality. Just listing data and facts is a record-keeping entry – not a compelling marketing campaign. David highlights that a signature story can be 200-300% more effective than data alone. To hear more about why brand storytelling is so impactful give this episode a listen.

Actionable items for creating brand storytelling initiatives

Take it from the best leader in storytelling. David lays out a plan to create a storytelling focus in your company on this episode of Renegade Thinkers Unite. As a CMO you must first believe and buy into the power of storytelling marketing. Then you have to build a skilled team and develop an environment that allows storytelling opportunities to flourish. Drew also adds that you have to throw your content calendars away because all they do is allow you to get away with regularly producing mediocre content. Hiring a support crew that can take raw stories and turn them into engaging content can also drastically improve your storytelling ability. For more hands-on hints on brand storytelling, don’t let this episode go unlistened.

What You’ll Learn

  • [0:30] Drew introduces his guest for this episode, David Aaker
  • [2:58] Why is everyone realizing that storytelling is critically important?
  • [4:27] Why is a story so important in engaging employees?
  • [8:54] What will it take for B2B firms to recognize that story is a cultural opportunity?
  • [12:32] David’s personal stories behind effective storytelling
  • [16:39] Why does the story go away once a company reaches marketing evaluation stages?
  • [17:58] How does a brand find their signature stories?
  • [21:06] The balance between hard facts and “fluffy” emotions in storytelling marketing
  • [24:23] Actionable items behind improving your B2B storytelling marketing efforts
  • [29:13] David’s steps for creating a brand storytelling plan
  • [32:42] One of the most common problems when brands attempt storytelling marketing for the first time
  • [33:25] Drew summarizes his conversation with David Aaker

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How Arrow Electronics Reinvented Storytelling Marketing and the Importance of Taking Risks

Posted on by Drew Neisser

In order to achieve storytelling marketing success, CMOs have to be willing to take risks. Even with all of the data and metrics available to evaluate, sometimes the best ideas come directly from human intuition.

On this episode of Renegade Thinkers Unite, Drew interviews Rich Kylberg, Vice President of Corporate Marketing and Communications at Arrow Electronics. Arrow is a $24 billion global supplier for a wide array of technology and products, and Rich has helped them break into new ways of communicating internally and externally.

Throughout this podcast, Rich explains how his background in literature allows him to see marketing campaigns in new ways and why casting a vision internally is needed before you can communicate identity externally. Arrow’s groundbreaking SAM vehicle technology is revolutionizing many industries, and you’ll be inspired by Rich’s explanation of this pursuit.

Their conversation is a perfect mix of marketing knowledge and inspiration – you don’t want to miss it. Click here to listen!

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How Rich helped Arrow create a common identity

When Rich joined the Arrow team, they had recently acquired over 130 companies and many hadn’t yet fallen in line with the overarching Arrow brand. Arrow was on the verge of becoming a holding company too comfortable in their own success, but Rich was determined to take some risks and create a guiding theme that would direct every employee and customer interaction. Thus, the phrase “guiding innovation forward” was born. Rich explains that “you have to inspire your employees before you can market your company externally” and this progress was essential for Arrow to continue growing. It created a conversation starter that is still being talked about today. To hear exactly how Rich achieved this lofty goal, be sure to give this episode a listen.

Why risk taking in marketing is so important

Rich and Drew are adamant about risk-taking in marketing – it’s one of the key aspects of being a Renegade Thinker. On this episode, Rich explains that the opportunity to attain exponential rewards are worth taking substantial risks and that the fear of mediocrity is often the driving force behind risk-taking. CMOs in any B2B environment should ask themselves these questions: What risks am I willing to take in my marketing? What will be the source of my courage? How am I going to prepare? After you consider these questions, remember that as a marketer you need to be empowered to try ideas, keep what works, and move past what doesn’t. Without risky marketing decisions, Rich and his team never could have developed the storytelling marketing campaign that moved Arrow into the future of connecting with clients and telling great stories. Be sure to discover the story on this episode.

Arrow’s innovative storytelling marketing campaign and how Rich and his team burst through the barriers they encountered

Arrow Electronics recently unveiled their latest storytelling marketing campaign, and it’s one that resonates with people across the country. When Rich and his team were connected with a former Indy Racing League race car driver who was sadly diagnosed as a quadriplegic after a crash in 2000, they came up with the SAM car technology – a car that would allow drivers with disabilities to regain their independence. When asked about the project, Rich’s team explained that “We hope the SAM car continues to drive technology innovation forward and inspire people to dream big because anything is possible.” Had Rich and his marketing team forgone risk-taking and stuck with what is “normal” and expected in the marketing industry, this amazing project never would have left the idea board. It’s sure to inspire you and your team to take marketing risks and delve into the unknown so be sure to get all of the details by listening to this episode of Renegade Thinkers Unite.

What You’ll Learn

  • [1:25] Drew introduces his guest for this episode, Rich Kylberg of Arrow Electronics
  • [2:48] Rich’s favorite risk-taking story from his childhood
  • [8:00] How Rich’s educational background impacts his current career
  • [13:18] The story behind how Rich joined the Arrow team and how they created a common identity
  • [17:45] Taking the internal identity and transforming it into an external message
  • [21:55] Arrow’s program that brought their innovative ideas to life that enhance humanity
  • [27:30] The barriers Rich’s team encountered while developing the SAM technology
  • [33:00] Rich shares the best lessons he learned through the SAM journey
  • [37:13] Why you should bring in an outside firm to assist your company in storytelling
  • [39:51] The power of a plan on a page
  • [42:07] Drew summarizes his conversation with Rich

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Provenir’s Marketing Risks and Their Path Towards In-House Communication Distribution

Posted on by Drew Neisser

The term “marketing risks” is not often heard in the financial technology industry, but Adi Bachar-Reske, Global Head of Marketing at Provenir, is making it commonplace. She has overturned the company’s communication strategies and is sharing her insights on this episode of Renegade Thinkers Unite.

In her conversation with Drew, Adi explains how Provenir went from using a third-party communication distribution company to handling all of their press releases and supporting content themselves. She also fully explains why Provenir seeks to help financial lenders make better, faster decisions.

Taking marketing risks is one way to ensure your company stands out from the competition, even though it takes courage as a CMO. Drew shares his top four qualities for entrepreneurs as well as why you should avoid too many micro-campaigns all on this episode.

You’ll enjoy Drew and Adi’s conversation, and it’ll leave you thinking, so be sure to listen.  Click here to listen!

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Provenir’s main focus within financial technology and why empowering people to make better, faster decisions is so important

Provenir strives to orchestrate a company’s decision making processes for customers. Adi first experienced this decision-making dilemma after wanting to lease her third car from the same company in four years. Even though the company knew her as a customer and was familiar with her positive financial history, the company still made her wait over 48 hours before they would approve another lease agreement. She believes that decision making needs to be faster, more automated, and that you should never make a customer wait while you decide on whether or not to take their business because it gives them time to go to your competitors. That’s what Provenir prevents. They empower lenders to make better decisions faster and enables them to provide their customers with an even better experience. Adi shares some great anecdotes with Drew about why automating decisions is so critical to a company’s success and you don’t want to miss them.

The path towards in-house communication strategies

Even though working with public relations organizations has been an industry standard for years, Adi and her team at Provenir recently decided to create and distribute their own in-house press releases. This decision came after a few of their self-published blog posts received large amounts of feedback and engagement. Journalists were attracted to the company and they connected with their audiences even without the third party assistance. While bringing communications in-house, Adi realized that there were a number of needs that now needed to be fulfilled by their team: create a CRM database, produce content to follow up each press release, measure the impact, etc. No one could do all of this work on their own, which is why Adi has teams across the world working on these communication and marketing strategies. She tells Drew that there are always trade-offs for bringing work in-house, but that it was definitely a successful marketing risk that Provenir took. To hear all about Adi’s challenges and successes with this venture, be sure to listen to this episode of Renegade Thinkers Unite.

Taking strategic marketing risks can provide greater benefits, and your company can learn from Adi’s successes at Provenir

There are four main qualities that Drew encourages every CMO to have: courage, artfulness, thoughtfulness, and scientificness. Of these, he believes that courage is the most essential and the one in shortest supply. Taking marketing risks can be difficult but it is necessary even in financial industries. If your team decides to go after a risky marketing venture rather than going with the standard methods and it’s successful, the payoffs will be far greater. You can learn from Provenir’s recent in-house communications successes and adapt their strategies to your company. Taking the initial steps is often the most challenging part, and requires every bit of courage that you have as a CMO. For inspiration, be sure to check out Adi’s story on this episode of Renegade Thinkers Unite.

What You’ll Learn

  • [2:07] Drew introduces his guest for this episode, Adi Bachar-Reske, Global Head of Marketing at Provenir
  • [3:33] Adi’s approach and philosophy for risk-taking in marketing
  • [10:17] Why Provenir decided to go with in-house communication strategies
  • [14:07] The content that Adi created and the mechanisms they used to direct customers
  • [17:00] Viewing new campaign strategies from an evaluation standpoint
  • [19:23] The full story behind how Adi brought Provenir’s marketing in-house
  • [21:10] Why you should avoid too many micro-campaigns that drive leads but don’t add up to a bigger story
  • [24:01] Provenir’s main goal as viewed through a car lease example
  • [30:00] Adi’s go-to inspirational resources for marketing risks and CMO advice
  • [32:42] Adi looks forward into the rest of 2018 and talks about the challenges she hopes to tackle

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