Tag: podcast

Recession Proof Your B2B Marketing

Posted on by Drew Neisser

Shakespeare once wrote, “To thine own self, be true.” In that spirit, RTU host Drew Neisser did something a little out of the ordinary.

Now, some people might consider talking to yourself for 30+ minutes to be a little crazy, but not Drew Neisser. In one of the most unusual Renegade Thinkers Unite episodes to date, Drew interviews none other than himself.

On this episode, the dynamic duo of Drew and Drew continually push the conversation to exciting territories. The discussion touches on key insights Drew has learned over the course of his 300 CMO interviews, the challenges 2019* will bring for marketers, and more. Don’t miss it! 

2020 Update: To read Renegade’s 6 smart lead generation tactics during a downturn, check out our special report on B2B demand generation.

Catch Drew’s insights here.

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What You’ll Learn

Employees are a key part of marketing

You need to have dedicated employees on board with your brand and with your product. Employees purchasing what you’re selling as a marketer is highly linked to the success of a product. If they are behind the product enough to purchase it, they are likely to understand and promote it. If the employees buy the brand story, they can be tremendous advocates. They can share their real experiences and use social proof to spread the word about your brand in a cost-effective way. Especially in a downturn, employees buying in with a brand and sharing content is key. It’s free media, and you can’t live without it.

How to prepare your B2B marketing plan for the recession

Drew shares that it is vital to prepare a B2B marketing plan for the recession. Great marketers will shine during the recession, but weaker marketers will not survive. A smart marketer will recognize a good strategy and will work on all communication channels, marketing to employees, customers, and prospects alike. Drew tells the audience to prepare for budget cuts in preparation for the recession. Figure out what part of the budget will drive demand generation, because those dollars spent will yield successful business results. These parts of the budget can be defended, but defending the portion of a budget focussed on building one’s brand on will be at risk. Drew shares that a B2B organization needs to have a brand health tracking study in place before a recession, so that if a budget cut arises, marketers can still know how their brand is performing.”

Why you should secure customers before the recession

With a recession, all companies will likely experience  budget cuts and potential losses. Drew explains that businesses should think about securing customers as the recession draws near. Focus should be put on keeping current customers happy. These current customers will also have problems linked to a recession, so Drew says to be prepared to answer how your specific product or service can help customers grow their business even in an economic downturn.

Timeline

  • [1:02] Renegade Rapidfire
  • [12:19] Why talk about the recession now?
  • [15:37] Why employees are vital in marketing
  • [17:51] What smart marketers will prepare for with a recession in mind
  • [24:28] What marketers can do in an economic downturn to make them different
  • [28:42] Other CMO’s opinions on what should be 2019’s focus

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You Need to Blow Up Your Approach to B2B Marketing

Posted on by admin

Brent Adamson has a bone to pick with marketers: the way many of them define their industry is miles off the mark. In fact, Brent may want to abandon the term ‘marketing’ altogether, because too often the notion of separate marketing and sales departments breeds a lack of coordination. If your marketing and sales teams are not in perfect lockstep, you can count on your business suffering. If you disagree, maybe he can sway you in part 2 of his interview.

In today’s conclusion to the interview, Brent and Drew get at to the heart of how a marketing team needs to operate to be successful, and it involves a lot more than handing leads off to sales like a relay-race baton. Brent will talk the listener through seven tools that can help make speed up the process of connecting a customer with a product. Then, Drew and Brent talk through the buyer enablement journey, and why breaking down walls between sales and marketing will enable the teams make it as easy as possible for the customer to buy. In the end, that’s goal number one.

This episode is chock full of wisdom to help you shed some outdated notions of marketing and sales, click here to listen!

What You’ll Learn

Marketing and sales collaboration is the wave of the future – here’s why

Brent wants every marketer to understand that the role of every B2B business is to make buying easier for the customer. This is achieved through a high level of marketing and sales collaboration. Gone are the days where marketers can simply hand off a prospect to the sales department and hope for the best. If a company knits together the two departments, they will have a competitive advantage over every other business in the industry.

Where do buyers look for information validation?

During the purchase journey, a buyer is always seeking for validation on the information they receive. After speaking with a sales representative, there are 3 main places where they will look for validation:

  1. The company’s website
  2. SEO organic searches
  3. A third-party analyst/thought leader

That’s why it’s so important for companies to be unified in the way they deliver information and lay out why their solution is the best available. If a buyer receives mixed information, they’re less like to choose your solution.

The 7 main tools that enhance buyer enablement

A B2B company with linked marketing and sales departments can work together to create tools that help a customer make easier buying decisions. There are 7 main categories of tools that can be explored.

  1. Calculators
  2. Simulators
  3. Recommenders
  4. Benchmarks
  5. Connectors
  6. Advisors
  7. Diagnostics

These tools ultimately allow the customer to choose the best solution to their problem. Brent explains that there is a “huge commercial benefit” to providing tools that make a customer’s life easier, and companies can see increased loyalty from customers after they use these tools.

Timeline

  • [1:40] Marketing has a new role – make it easier for the customer to buy
  • [4:24] Buyer enablement takes the form of these 7 tools
  • [10:14] You can’t fit these ideas into legacy structures for companies and brands
  • [14:20] This is the #1 place customers look for information validation
  • [23:34] Why you should be excited about the upcoming Gartner conference

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Putting the B2B Buyer First and Understanding Their Purchase Journey, Part 1

Posted on by admin

A customer’s purchase journey is never an easy process to document and collect data on. Thankfully, Brent Adamson is interviewed on this episode of Renegade Thinkers Unite. As Principal Executive Advisor at Gartner (formerly CEB), Brent works to help B2B companies explain to customers why their solution is the best available.

Throughout part 1 of this conversation, Brent and Drew discuss why putting the customer first should be at the heart of any B2B organization. They also explain the 6 non-linear steps in any purchase journey, and Brent shares his #1 tip for any B2B supplier.

Click here to learn what you need to know about B2B marketing.

What You’ll Learn

Putting the buyer first is the #1 step to create a better purchase journey

B2B companies should be focusing on understanding how buying happens. Learning how your ideal customer views the buying process will give you direction when bridging the gap between marketing and sales departments. Brent explains that unfortunately, few brands in the B2B space are doing this well. To learn how to put the buyer first and reorganize your brand’s purchase journey model, be sure to listen.

The 6 main steps in any B2B purchase journey – they’re not linear!

Contrary to what many professionals believe, a purchase journey within B2B industries isn’t linear. And closing a deal isn’t about progression, it’s about completion. Brent outlines the 6 main steps that must be completed before any buying decision is made.

  1. Problem identification
  2. Solution exploration
  3. Requirements building
  4. Supplier selection
  5. Consensus creation (always happening)
  6. Validation of information (always happening)

These steps are far from being linear, especially when multiple decision-makers are involved. Of all the B2B buyers surveyed by Brent and his team at Gartner, 90% reported having to revisit one of the top 4 steps multiple times throughout their purchase journey.

Marketers should be doing THIS, before anything else, to help buyers choose their solution

Given these 6 steps, what is the ideal job of a B2B marketer? Brent believes it’s simple: marketers need to make buying easier. The first step in doing so is ensuring that problem-solving information is available through multiple channels. The answers given to a buyer over the phone from a sales rep should be consistent with information available online and via social media.

Actively solving a customer’s problems, before they even recognize a problem, is the key to making B2B buying easier. By understanding a buyer’s problems, offering them the best solution, and supporting them through their purchase journey, you’re well on your way to closing more deals in your industry.

Timeline

  • [0:30] Brent’s Renegade Rapid Fire segment, and his unique definition of marketing
  • [7:30] The importance of putting the customer first
  • [12:11] Brent explains the traditional customer purchase journey model
  • [17:42] The 6 main steps to a buying process – they’re NOT linear
  • [25:40] B2B buying is incredibly complex, and it’s through a multi-channel approach
  • [33:27] Here are your need-to-know takeaways from part 1 of this conversation with Brent

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The Keys to Building Brand Trust and a Customer-Centric Business

Posted on by Drew Neisser

Salesforce has built a company that makes the customers a top priority, and it’s a big part of the brand’s success. Focusing on the customers means a marketing strategy centered on having an authentic voice and encouraging interactions that feel personally relevant to the consumer. On this episode of Renegade Thinkers Unite, Salesforce CMO Simon Mulcahy shares why that trust is so critical, and how companies can put customers first in their business plan.

Additionally, Simon discusses the art and science of marketing, the role artificial intelligence can play, and how GDPR and data security concerns are forcing marketers to get better.

This conversation is sure to inspire, click here to listen!

Subscribe on Apple Podcasts – Stitcher – or Podsearch

What You’ll Learn:

Don’t put a product at the center of your business model

Companies often make the mistake of placing their product at the center of their business model. Simon counters this mindset and explains that in the modern era, it’s much easier to build an amazing product, but much harder to engage the customer in a relevant, honest way. With that in mind, customer-centered thinking has to be everywhere in your business, starting with the CEO. If you keep your focus squarely on the customer, success in other areas of business will follow.

Brand trust takes years to build, but seconds to lose

One of the key points Simon emphasized is that business is all about trust. If your company prioritizes generating trust in the community you’re trying to serve, customers will keep coming back to your brand. Conversely, one major negative interaction can destroy months of rapport with a customer, so you should always be conscious of your tone and how it will be received. A voice that inspires trust in your customers will serve your marketing for years to come.

Marketing isn’t just for the marketing team

Every single touchpoint with the consumer represents the brand. That means that everything from salespeople, to direct communications, to customer service, is marketing, to an extent. Make sure that the brand identity is infused into every element of the company, and that each department is helping deliver a personalized, contextually-relevant experience.

Timeline

  • [1:20] Drew introduces his guest for this episode, Simon Mulcahy, CMO of Salesforce
  • [3:15] Simon’s Renegade Rapid Fire segment
  • [13:07] Why the customer is at the center of the Salesforce business model
  • [19:53] The most powerful lesson learned from Salesforce – it’s all about trust
  • [25:26] The importance of having a unified view of your customer
  • [31:10] Simon shares his opinion on the future of customer centric businesses
  • [36:39] How GDPR will impact customer-centric businesses
  • [41:50] Simon’s “two do’s and one don’t” for marketers

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Top 4 Best Practices for Creating the Best Marketing Organization Structure, Learned from Mindtree’s CMO

Posted on by Drew Neisser

Drew’s conversation with Paul Gottsegen, Executive VP and Chief Marketing/Strategy Officer of Mindtree, will provide new CMOs with a step-by-step playbook for creating the best marketing organization structure possible. Paul provides listeners with 4 best practices to follow for ultimate success in digital, content, and social marketing.

Paul explains that “I’ve learned everything by making every mistake in the book.” Don’t repeat his mistakes, learn from his experiences. Those experiences have allowed him and his team to bring in over 100,000 sales pipeline leads over the past few years. The company’s stock value has quadrupled, and Mindtree has become a globally trusted brand.

Learn from one of the industry’s best experts on this episode of Renegade Thinkers Unite. Click here to listen now!

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#1: Find out what your CEO/Executive Board’s marketing expectations are

A CMO should not spend a single dollar or make a single decision until they determine what goals the company leadership team has for marketing. By having their expectations outlined ahead of time, you’ll save time, energy, and resources. Paul struggled with conveying the true importance of marketing to Mindtree’s executive board, but he summarized it by saying, “Marketing isn’t easy! If it was, everyone would be doing it in amazing ways. You just have to keep pushing good content, having great interactions, and build company credibility.” This mindset needs to be conveyed to company leaders before any of the other best practices can be implemented.

#2: Build the best marketing tech stack infrastructure you can afford

Once marketing expectations and goals are established, a CMO should focus on building the best marketing tech stack possible. Paul explains that marketing professionals should “hire and fire tech stack tools quickly; don’t just sign a longer contract for a better deal!” He goes on to explain that many organizations forget about the staffing needs that come along with every tech stack tool and that every tool should provide quality metrics. Your tech stack should always be evolving and changing to fit the needs of the company.

#3: Focus on building a competitive brand

Clear marketing expectations and having the right infrastructure then allows a CMO to focus on building a competitive, trusted global brand. Paul explains that small marketing organizations shouldn’t immediately focus on going toe-to-toe with brand 10x-20x larger than they are. That growth will come in time. However, every brand does need to focus on telling a better story that explains why YOU can solve a customer’s problem better than anyone else. Marketing can and should be about more than securing contracts. It’s about building a reputable, trusted, expert brand. All of this can be accomplished by following these 4 best practices, fully explained in the audio for this episode of Renegade Thinkers Unite.

#4: Don’t be afraid to partner with experts and empower your team

Even the CMO of Mindtree wasn’t afraid of turning to outside experts when he and his team hit a wall. There are thousands of qualified professional marketers that can provide third-party insights into your organization. Empowering your team to become experts in different areas is also immensely beneficial to a marketing organization’s structure. Specialties are great, employee silos aren’t. Your team should be just that, a team, all focusing on one common goal. This final best practice is best heard from Paul himself, so don’t miss this episode.

What You’ll Learn

  • [1:38] Drew’s guest introduction and why this episode is a playbook for marketing organization structure
  • [4:45] Paul’s biggest challenges as a new CMO and how he learned the best marketing lessons
  • [10:50] Hidden costs to tech stacks that often go overlooked
  • [13:37] How can a small B2B company develop a competitive brand?
  • [17:58] Making Mindtree’s tagline, “Welcome to possible,” become reality
  • [20:26] Paul’s proudest moment of marketing execution at Mindtree
  • [23:57] Utilizing metrics and how to drive more leads to the sales pipeline
  • [30:12] The biggest area of uncharted territory in B2B marketing
  • [34:23] Paul’s 2 do’s and 1 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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