Here’s what you missed – 159: Canna-tech: CRM for a “Budding” Industry

Guest: Jeffrey Harris Co-Founder & CEO, Springbig

Renegade Thinkers Unite recently moved to renegade.com! As a subscriber, you should have received an email with the subject line ‘Activate your Email Subscription to: Renegade Thinkers Unite’. It may be buried in your inbox, or even the spam folder, but if you click the link in that email, you’ll continue getting notifications when each week’s new episode is published, only now it’ll be to renegade.com.

How this B2B Brand Went Vertical into a “Budding” Industry

A major CRM company, Springbig, is blazing a trail. They’ve become a go-to provider in the industry they focus on, they’ve got a 98% customer retention rate, and have their entire staff supporting a brand purpose: Help retailers accomplish their goals, every day. On this episode, co-founder and CEO Jeffrey Harris explains how they managed to come into a new industry and quickly establish themselves as key players. The kicker? The area that Springbig pivoted to focus on is the rapidly flowering, marijuana dispensary industry.

The cannabis tech industry—think martech, but specifically for cannabis companies—is booming. Updated legislature and an overall cultural shift in perception are two especially large factors in this market’s rapid growth, and as such, a massive new marketplace is opening up, meaning companies have huge opportunities, but need to move quickly. Springbig recognized this and set to work identifying and understanding their target. Now, they’re sought out at industry conferences, expanding their vast clientele, and helping dispensaries optimize customer messaging with advanced metrics—After 4 visits, Springbig can actually predict with 90% accuracy what time a dispensary’s customers will have their 5th visit!

Tune in to this week’s episode to hear more about their rapid ascent in dispensary circles, their approach to quickly gaining an accurate understanding of the market, how they use marketing to foster loyalty, and more.

Leave a Reply

Your email address will not be published. Required fields are marked *