Episode Transcript
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0:01
Welcome to the Josh
0:01
Bolton show. interesting and
0:06
inspiring conversations. And now
0:06
your host, Josh Bolton. Thank
0:13
you. So I'm just curious. So how
0:13
long have you said you've been
0:17
doing reach See, like 10 years, right?
0:19
Eight and a half
0:19
years formally incorporated a
0:22
spotlight LLC, who started out
0:22
in 2014. Before that I was in
0:26
house for a little while. But
0:26
prior to that, I was freelance,
0:32
and did some did a lot of
0:32
consulting work. So all told, in
0:36
my current incarnation, it's
0:36
been since 2014.
0:40
Wow. Wow, that's
0:40
impressive.
0:45
It's been a blessing to
0:47
us that the
0:47
opportunities and the clients
0:50
you get to work with him must be fun.
0:52
It absolutely is. We've
0:52
been blessed to work with
0:54
everybody from, you know, major
0:54
consulting firms and fortune 500
0:59
companies, all the way to
0:59
individual authors in the local
1:04
area doing great work. It's been
1:04
I mean, so far, it's been an
1:09
amazing ride.
1:11
That's awesome. So
1:11
I'm just curious on a side note,
1:15
well, how would it is, depending
1:15
on the author, they don't make
1:19
enough, how do you work out the
1:19
pricing with them? Or is it like
1:23
for customer kind of thing?
1:25
Um, well, you know, I
1:25
have a standard publishing
1:29
contract I, I basically, I work
1:29
with two different publishers
1:33
and your right author, royalties
1:33
are a fraction of what you
1:37
actually pay for a book, when
1:37
people go the traditional
1:40
publishing route. And I thought
1:40
it would be a good idea to go
1:44
the traditional publishing
1:44
route, just for my first couple
1:47
of books versus self publishing.
1:47
And you're right, I don't have
1:51
any control, by the way, either
1:51
of the price. And royalties, you
1:56
can certainly negotiate but they
1:56
are everyone, you know, everyone
1:58
knows it's a fraction of the
1:58
cover price of the book. And
2:03
yet, I got one, I got one book
2:03
review on Amazon, by the way,
2:08
the book has like a 4.7 rating
2:08
on Amazon. But one person said,
2:14
I'm taking this down one star to
2:14
four stars, because the books
2:17
too expensive. And I felt like
2:17
saying, I have no control over
2:21
that. It is available at a
2:21
discount. And I can actually
2:26
share that discount with, with
2:26
listeners so that I can do
2:31
something about giving a coupon
2:31
to your listeners.
2:34
That's awesome. I'm
2:34
gonna say, look it up on my I
2:37
need to get to that book. I've
2:37
just been so busy. Like,
2:40
hopefully, there's an audio version, I can just listen there.
2:43
You know, there isn't.
2:43
But I'm going to talk to my
2:45
publisher about I will, I will
2:45
read this book. And it'll be
2:50
because I will be the audiobook
2:50
believer to like I literally,
2:54
almost all the reading to its
2:54
body.
2:58
Same unless it's
2:58
like something very technical,
3:01
like math that you really should
3:01
see it. I don't read like paper
3:05
books anymore.
3:06
I don't Yeah. And you
3:06
know what, I'm a huge fan of
3:10
paper books. And I'm thrilled
3:10
that books are not not gone. One
3:16
of the schools I teach at
3:16
Brandeis University has this
3:18
wonderful library, and I walked
3:18
past it yesterday, and we're
3:23
doing a campus coat drive. And I
3:23
donated two coats to the
3:27
community. And I walked past the
3:27
library, and they had that
3:29
library smell. And I was like,
3:29
ah, that is a great smell. But
3:34
at the same time, I got my
3:34
Kindle here. In fact, I
3:37
literally have two 90% of my libraries here now. I
3:40
actually do enjoy reading paper
3:48
books, but it's just it's just
3:48
more efficient, right?
3:51
Yeah, it's more efficient, because like for me, I can be working. I'll just pop
3:53
in one headphone. I could be
3:56
driving for an hour blast
3:56
through like two or three
3:59
chapters. Kind of thing. Yeah,
3:59
this was normal reading. I'd be
4:03
like, Oh, shit, there's a car
4:06
kind of mistake.
4:06
Exactly. Exactly. And you get it
4:10
done on the train. And yeah, no,
4:10
I think I think that, you know,
4:16
ebooks are the way to go. And
4:16
the Kindle version of my book is
4:19
also available at a discount.
4:19
Plus, it's cheaper. Anyway, so
4:22
you it's a win win.
4:24
Rice is awesome. So
4:24
what are the books so I can look
4:28
them up? And I'll add it to my
4:28
wish list to like, okay,
4:33
audible. When does this come out kind of thing.
4:35
Oh, so yeah, I'm gonna
4:35
actually ask about doing an
4:39
audible book. But the book
4:39
currently is available just in
4:42
print and Kindle version does.
4:42
The second book that's out right
4:46
now. It's called marketing
4:46
metrics. It is from Kogan page,
4:50
the full title it's it's an
4:50
earful, marketing metrics,
4:54
leverage analytics and data to
4:54
optimize marketing strategies.
4:57
And that's truly what it's all
4:57
about. Okay. And the first book
5:02
is with flat world. And it's a
5:02
textbook that will teach you
5:06
everything on just like the
5:06
basic level, presuming no prior
5:09
knowledge about marketing
5:09
analytics, which is a little bit
5:13
different from marketing
5:13
metrics, it's more on the data
5:17
and how do you do the data? And
5:17
that's a marketing analytics A
5:21
Comprehensive Guide from
5:21
Flatworld. Also available on
5:24
Amazon.
5:27
It definitely after
5:27
this chapter, I'm gonna go pick
5:29
one up because I want to
5:29
everyone's been yelling at me
5:32
about is like, Yo, you need to
5:32
get into marketing, do this,
5:35
this and this, and I'm like, ice
5:35
cream. But how am I supposed to
5:38
interpret this to this? Like, I
5:38
get it, like, you get so many
5:43
impressions to move so many
5:43
clicks through just so many
5:45
purchases. But there's other
5:45
moving parts that can be like,
5:49
even though it's not good,
5:49
because this is Hi, you doing
5:52
fine kind of thing? Or am I did
5:52
I interpreted all that wrong?
5:57
You did not say your face was
5:57
like, What was he talking about?
6:01
No, no. So I'm trying,
6:01
I was trying to formulate a
6:04
response that would apply in as
6:04
many situations as possible. So
6:09
let me let me take it back, left
6:09
a step. There's no one metric
6:16
that tells everybody every
6:16
fight, depending on your
6:22
industry, depending on your
6:22
goals, depending on you go to
6:26
market strategy, there's a bunch
6:26
of metrics that do tell you an
6:31
enormous amount, I would say if
6:31
there's such a thing as a
6:33
universal metric, it's going to
6:33
be your your advertising ROI,
6:39
your return on adspend, and your
6:39
marketing ROI. So for every
6:43
dollar or pound or euro, or
6:43
whatever your currency is for
6:47
every everything I invest in
6:47
marketing, how much of that
6:52
comes back in profit. Now, in my
6:52
books, I talk about revenue. And
6:58
the reason I focus on revenue
6:58
versus profit is that I also
7:01
want this to be useful to the
7:01
agency world. And when you work
7:05
in an agency, you often don't
7:05
have the insight into the
7:08
profits that your clients are
7:08
generating, you can only look at
7:11
the revenue by looking at the
7:11
list price, for instance, of
7:14
what they're selling, et cetera,
7:14
et cetera. So I use revenue, a
7:17
lot of marketers rely on
7:17
revenue. It's ideal, of course,
7:21
if you look at profit, and I
7:21
talked about that in my book
7:24
about how that's where you want
7:24
to get to, but frankly, even if
7:27
you're just looking at dollar
7:27
for dollar, how much am I
7:30
investing in my marketing, and
7:30
if that how much is coming back
7:33
and what people are spending,
7:33
it's a good sign that marketing
7:36
is helping you get to the right
7:36
customers. So if there is a
7:40
universal metric that says
7:40
you're doing great, it's going
7:44
to be that there's there's other
7:44
metrics, and they really depend
7:49
on you know, are you an E
7:49
commerce business? Or are you a
7:52
b2b brand? Are you a b2b brand
7:52
that has a long sales cycle, a
8:00
short sales cycle? Are you brick
8:00
and mortar primarily? So lots of
8:04
nuances come in after that? But
8:04
that ROI, that's that Universal
8:09
Golden metric, you got to be tracking?
8:12
Cool. So I wouldn't
8:12
say you, you mentioned in your
8:15
pitch and the listing, you had
8:15
like eight metrics that you you
8:19
work with and teach people about?
8:22
Yeah, I absolutely do.
8:22
And I would say that those are
8:25
the ones that I recommend that
8:25
everybody focus on as much as
8:30
possible. So I talk in my book
8:30
about the core four, which is
8:36
the four major types of metrics.
8:36
But going beyond the types of
8:42
metrics, there's also the
8:42
specific data you want to look
8:46
at. And here's how I how I
8:46
envision them. Number one,
8:52
again, we just talked about it,
8:52
you want to look at your return
8:55
on adspend. Or you want to look
8:55
at your marketing ROI more
9:01
broadly. You know, if you're
9:01
looking at that, you are golden.
9:08
So look at both of those
9:08
metrics, if you can, then you
9:12
want to take a look at your
9:12
customer analytics. And that's,
9:16
that's absolutely critical. And
9:16
that can be everything from
9:21
what, what gets your customers
9:21
excited. In other words, what
9:26
are they clicking on on your
9:26
website? Is it let's say, I'll
9:30
give you an example. And I'm big
9:30
on I'm big on having products on
9:34
my desk. So let's say your lip
9:34
balm, lip balm company, like you
9:38
make chapstick. And you it's
9:38
organic, and it's hypoallergenic
9:43
and I know gluten free. I just
9:43
make buzzwords are the buzzwords
9:50
right. And let's say you have
9:50
blog posts on your website, some
9:53
of which talk about oh, how to
9:53
make your personal shopping more
9:57
sustainable, how to have a lower
9:57
carbon footprint. Have you also
10:00
blog posts on how to manage
10:00
having, I don't know, gluten
10:03
allergy. And you know, which is
10:03
a very serious thing for people
10:07
who have it. And then you've got
10:07
other things talking about,
10:10
just, you know how good this
10:10
stuff is like how high quality
10:14
the formulation keeps you from,
10:14
you know, freezing, when you're
10:20
out skiing, or something like
10:20
that. You're gonna want to look
10:24
at the metrics on Well, what are
10:24
people clicking on, because
10:27
let's say I've got 50 blog posts
10:27
out there, a third of them are
10:32
on our sustainability, a third
10:32
of them are on our quality of
10:37
our product. And a third of them
10:37
are on how it's hypoallergenic.
10:40
So it's even, and you're equally
10:40
promoting all of them, then you
10:45
can look, though, are people
10:45
equally reading that, because
10:48
let's say everyone is really
10:48
more focused on reading about
10:51
your product quality, you don't
10:51
get a lot of traction on the
10:53
stuff that's about it being
10:53
hypoallergenic, maybe then that
10:57
part of your value proposition
10:57
is not as exciting to customers.
11:01
And maybe the thing that's sort
11:01
of in the middle there is the
11:05
fact that it's sustainable.
11:05
That's incredibly valuable
11:09
information that you can gather,
11:09
just from your web analytics,
11:13
and only from one small part of
11:13
your web analytics, which is the
11:16
analytics around what people are
11:16
reading on your blog, like,
11:21
that's enough to start to give
11:21
you an indicator of what your
11:26
customers interests are, doesn't
11:26
mean it's definitive, right? I
11:29
mean, you're gonna have to do
11:29
more analysis, more research,
11:34
but it's pointing you in one
11:34
direction. So number two, after
11:40
you're looking at your ROI, is
11:40
look at your customer analytics
11:44
broadly. But specifically, look
11:44
at your top content on your
11:49
website. Top content is really
11:49
critical. And by the way, I'll
11:55
put together a cheat sheet on
11:55
all of this as well. So you've
11:59
got to listen here
11:59
writing everything down, if like
12:01
I
12:02
feel free to do that,
12:02
but I will also pull together a
12:05
cheat sheet for all of your all
12:05
of your readers. So
12:09
be sure to put in the description for everyone. Perfect. Absolutely.
12:13
Next up, what you want
12:13
to look at is who are your top
12:17
segments? Are the customers who
12:17
are the ones who are the most
12:22
loyal? Who are going to spend
12:22
the most money with you? Or who
12:28
are the highest growth, it
12:28
doesn't have to be all three,
12:31
what matters to you. If you're
12:31
at a place where you're not
12:35
really looking to grow
12:35
exponentially. Let's say you're
12:37
a mature company, it might be
12:37
loyalty or might be spend. If on
12:41
the other hand, you're a new
12:41
brand, you might be wanting
12:43
people to be the ones who have
12:43
the highest growth potential. So
12:47
look at your top segments. Also
12:47
make sure that up segments is
12:52
defined for your organization,
12:52
right? What do we want? Our what
12:57
do we want our customers to look
12:57
like? What customer segments do
13:00
we want to reach? So that's
13:00
number three. Number four is
13:04
your traffic sources. So where
13:04
are we getting traffic from?
13:08
Because first metric return on
13:08
adspend that's looking at where
13:13
are we investing that we then
13:13
end up getting customers from
13:19
but you could be getting
13:19
customers from places you're not
13:23
even investing maybe there's an
13:23
influence out influencer out
13:26
there talking up your
13:26
organization, or maybe you're
13:29
doing really well in organic
13:29
search. Without even realizing
13:35
it. It was through this that for
13:35
instance, for one of our clients
13:38
analytical answers over
13:38
Massachusetts, which is a
13:41
scientific lab, we discovered
13:41
literally the coolest things. It
13:45
didn't end up having any real
13:45
impact on their lead generation
13:51
b2b business, but it was a
13:51
really cool sign that our
13:54
content strategy was giving them
13:54
buzz. They're they're an
13:58
analytical lab, which means they
13:58
use very high powered scientific
14:01
instruments to analyze materials
14:01
for a variety of industries from
14:05
pharmaceutical to defense tech.
14:05
And we decided to do a just for
14:10
fun series around the holidays
14:10
where we had them use the super
14:13
high powered state of the art
14:13
microscopes to look at Sugar,
14:18
salt and flour under
14:18
microscopes, and then explain
14:21
how different types of sugar
14:21
salt and flour impact your
14:25
baking. We just a lark, it was
14:25
so much fun. We had a wonderful
14:31
I would in turn wrote the blog
14:31
posts who was studying chemistry
14:35
at BU, and this got picked up by
14:35
Buzzfeed.
14:38
Oh, that's huge. If
14:38
that's the case,
14:41
it was immense. And
14:41
suddenly we're getting all this
14:45
traffic. Of course it was non converting
14:46
traffic because almost nobody
14:49
was baking chocolate chip
14:49
cookies,
14:52
but they're like, oh my god if I put a certain flower and that can be this. I
14:54
don't want that.
14:57
Exactly, exactly. So we
14:57
all got Get out of it. And we
15:02
would never have known that if
15:02
we hadn't been looking at our
15:04
truck top traffic sources. Now
15:04
had we been with a b2c brand, we
15:08
would have been all over it for,
15:08
you know, pitching BuzzFeed with
15:12
more and more stuff, it was
15:12
certainly a big win. And so
15:15
that's the sort of thing you
15:15
want to measure is what are your
15:18
top traffic sources? Because
15:18
then you can leverage them for
15:22
understanding where you could
15:22
potentially be getting even more
15:26
traffic or generating even
15:26
better buzz.
15:29
So that's for, again, I'm really trying to
15:31
focus on like, what are the things you can get started with
15:33
right now? Right, you want to
15:37
look at response rates across
15:37
different sectors. And those are
15:42
actually going to be my next
15:42
three? My next three metrics. So
15:47
your marketing, automation,
15:47
email, open rate and response
15:51
rate? How are people responding?
15:51
And by the way, if you're not
15:54
doing marketing automation, it's
15:54
going to be your email open and
15:57
click through rate?
15:59
Thank you so much for that clarification.
16:01
Yes, absolutely. So in
16:01
some email platforms call it the
16:06
open rate, which is the
16:06
proportion of people opened an
16:09
email, who then clicked on it,
16:09
we also want to look at the open
16:13
rate, because that's going to
16:13
tell you is my message
16:17
interesting to my existing loyal
16:17
customers. And if so, which of
16:22
my messages like let's say you
16:22
send out one email, that's a
16:26
Bogo, buy one, get one free, and
16:26
it gets like a tepid response.
16:30
But then you send out something
16:30
that has a free recipe or some,
16:37
let's say your sporting goods
16:37
store, some exercise tips, and
16:40
that gets an outstanding
16:40
response, then you know, what
16:44
your existing loyal customers
16:44
care about and what they want
16:48
from you. So that's really,
16:48
really important. Look at the
16:51
patterns, look at what gets the
16:51
best response from your existing
16:54
audience that if you have
16:54
marketing automation is going to
16:57
be in your marketing automation
16:57
data. In Email, it's going to be
17:01
your open rate. And your either
17:01
click rate or clicked open rate
17:05
depending on how your platform
17:05
finds it. response rate is
17:09
equally important elsewhere, but
17:09
I think people miss measure it.
17:12
So on social media, people look
17:12
at likes. But like so cheap,
17:19
right?
17:19
Honestly, that's, I
17:19
can really pay guard Thailand 10
17:22
bucks, and I get like 100,000
17:22
likes,
17:25
you know, you could
17:25
literally like you can have
17:28
people just randomly like
17:28
things. So instead, you're
17:30
looking at real sentiment, what
17:30
are you? What are the comments
17:33
like? What's the common
17:33
sentiment? How many shares how
17:38
much engagement does a social
17:38
media post get? So that's an
17:44
another really, really important
17:44
metric, social media engagement,
17:48
really, because that tells you
17:48
again, that your message is
17:51
resonating. Now it's resonating
17:51
at a much lower level than an
17:54
email, or in an email open, it
17:54
requires much less commitment to
18:00
the brand doesn't necessarily
18:00
signal intent to buy, right,
18:05
which is why you want to look at
18:05
the next metric. And that is
18:09
your click through rate. Now
18:09
click through rate applies
18:12
everywhere. And that's simply
18:12
the percentage of people who see
18:16
something who then click on it.
18:16
And you can easily for most of
18:22
your reporting platforms, but
18:22
the click through rate tells you
18:27
how many people saw this message
18:27
actually decided to take action.
18:34
And I think a lot of times
18:34
people misunderstand this, I
18:38
would report on click through
18:38
rate, even 10 years ago, we had
18:42
CEO saying things like well,
18:42
clicks, don't turn me on Well,
18:45
I'm glad to hear that. But so
18:45
then you tend to think that
18:51
there's going to be an immediate
18:51
conversion, a lot of people. And
18:54
that's not what it's about, you
18:54
want to capture those micro
18:58
conversions you want to, you
18:58
want to give people something
19:01
that gets them to commit to the
19:01
brand in some small way, like,
19:05
I'm gonna sign up for the email,
19:05
or I'm going to follow them on
19:08
social media. And so that's the
19:08
next metric you want to look at,
19:12
obviously, you're tracking your
19:12
conversion rate. But if you just
19:15
look at that, especially if
19:15
you're in his long sales cycle
19:18
business, you're gonna lose 90%
19:18
of your customers to your
19:22
competition, because you're
19:22
expecting them to come in the
19:26
door, even when they're in like
19:26
the first day of a nine month
19:29
sales cycle and be waving you a
19:29
check. And that's not on the go.
19:34
So if you ignore those little
19:34
early signals, like somebody
19:38
clicked on your website, that's
19:38
a sign of interest. So you want
19:42
to have a mechanism for micro
19:42
conversions, whether it's an
19:45
email, whether it's a social
19:45
media sign up, it might even
19:49
simply be a return visit. I
19:49
wouldn't go so far as to call
19:52
that a micro conversion. But you
19:52
certainly need to be doing
19:56
retargeting ads and measuring
19:56
whether you're getting return
19:59
visits, especially If you're
19:59
b2b, and in a long sales cycle,
20:03
so I would say micro conversion
20:03
rate is much more valuable
20:09
unless you're selling like a
20:09
cheap commodity item that people
20:12
just buy. Right off the bat, you
20:12
need to be looking at your micro
20:16
conversion rate, because
20:16
otherwise, you're really not
20:20
getting the full story. And then
20:20
finally, there is a metric that
20:25
I just referred to where you
20:25
need to look at your return
20:30
visit, you want to figure out
20:30
how can I see those visits with
20:34
Linsay retargeting ads, even if
20:34
you are not seeing those return
20:39
visits, that's my bonus one,
20:39
though, ROA as return on
20:43
adspend, or ROI, your top 10
20:43
Your top segments, your traffic
20:48
sources, your marketing our
20:48
automation, or email, click rate
20:51
and click to open rate, social
20:51
media engagement, your click
20:54
through rate and your micro
20:54
conversion rate are the top
20:57
eight. And then I would say if
20:57
you want to look at a bonus
21:01
ninth metric that's going to be
21:01
your percentage of returning
21:05
visitors, because that's a sign
21:05
that people are seriously
21:08
considering doing business with
21:08
you, and a sign that you are
21:11
reaching the right audience.
21:11
Now's not the time to rest on
21:15
your laurels. Now is the time to
21:15
rope them back in get them to
21:19
engage with your brand.
21:22
Yeah, that's really
21:22
good. I really liked how you
21:24
presented that because a lot
21:24
I've had other people try to
21:29
pitch this to me, but they don't
21:29
add up all the angles, like you
21:31
just did. Yeah, I
21:34
think that's so important. You want to hit all the angles, because, again,
21:36
there's no magic metric, you
21:40
want to look at all of your
21:40
metrics together, because what
21:44
does, let's say you have a high
21:44
click, click rate or click to
21:48
open rate on your email. Great.
21:48
But if that if you're not
21:54
reaching the right segments, if
21:54
it's a segment you're not
21:57
terribly interested in because
21:57
they're, they're unprofitable,
22:01
that's doing all the clicking,
22:01
then you might be losing money,
22:06
you can't be like, Oh, yay, we
22:06
have this great click rate. If
22:10
it's people buying stuff, that's
22:10
your lowest margin product. And
22:14
so that's just one example where
22:14
looking at two metrics, instead
22:17
of one metric changes the whole
22:17
picture. On the other hand, you
22:22
could be sending out an email
22:22
that's got a mediocre click
22:25
rate. But the clicks are all
22:25
coming from your most profitable
22:29
segment. In which case, you need
22:29
to look at improving that versus
22:34
looking at the email with like
22:34
this wonderful click rate. But
22:37
it's not. It's genuinely not
22:37
getting you anywhere, because
22:42
you're not making any money off
22:42
of those transactions. So again,
22:46
you've got to look at all of
22:46
your marketing holistically, you
22:49
cannot rely on a single metric
22:49
ROI is, you know, an important
22:55
metric. But most of the time,
22:55
you're not going to know that
23:01
for a while, especially in b2b.
23:01
You need to look at intermittent
23:06
metrics, not not intermittent
23:06
intermediary metrics. To know
23:11
whether you're on the right
23:11
track, you can't just sit around
23:14
and say, Okay, well, I won't
23:14
know my ROI for two years,
23:18
because that's how long it
23:18
takes, you know, for the sales
23:21
cycle to complete itself. And
23:21
then we know how profitable
23:24
customers because if you're
23:24
dealing with like, the higher
23:27
end of b2b, that is often the
23:27
case, you don't have two years
23:31
to sit around waiting to see if
23:31
this was a profitable campaign.
23:33
So you want to look at all of
23:33
those other metrics to see, is
23:36
it trending in the right
23:36
direction? Are we making good
23:39
progress? Is it looking like
23:39
it's going to deliver high ROI?
23:45
And that's, that's the way you
23:45
win.
23:49
That's so
23:49
interesting. Yeah. Especially
23:52
with b2b, you could spend 10s of
23:52
1000s, even hundreds of 1000s
23:55
dollars in ads, and promos and
23:55
all that. But they may be like,
24:00
Yeah, but we like so and so's
24:00
sales guy better, we're gonna go
24:02
with them. And you're like, I
24:02
can't. But you didn't know until
24:05
like the two years edge.
24:07
Exactly, exactly. You
24:07
got to be purposeful and
24:10
thoughtful about it in a much
24:10
more organized way by looking at
24:14
a wide range of metrics, not
24:14
just one or two.
24:16
So for the traffic
24:16
source back to, as you were
24:20
mentioning, influencers is that
24:20
a big one you're seeing
24:23
especially if you're your
24:23
customers, like hire, go into
24:26
like influence, a fire,
24:26
whatever, kick talkers, that
24:29
kind of thing.
24:30
It depends on a lot of
24:30
times, what we'll do is
24:34
influencer outreach that's a
24:34
little more organic. But when
24:38
supply can be really valuable,
24:38
any of these influencer
24:41
platforms can be excellent. I
24:41
would say especially if you're
24:45
on Tik Tok, you really have to
24:45
work with creators versus just
24:49
relying only on your brand
24:49
presence or on advertising. And
24:53
you've got things like Spark ads
24:53
that genuinely are both With
25:00
influencer marketing and
25:00
advertising, I had the privilege
25:03
of having Susan Winograd from a
25:03
Search Engine Journal guest
25:07
lecturer my class earlier this
25:07
week. And she talked about for
25:11
Tiktok. For instance, the
25:11
extreme importance of doing
25:14
spark ads and spark ads are like
25:14
a hybrid, obviously between
25:19
insulin influencer marketing and
25:19
advertising. And just so you
25:21
know, for folks who are
25:21
listening, I'm sure you know,
25:25
Josh, it's about paying to
25:25
promote content by a creator,
25:31
not by your brand, that happens
25:31
to mention your brand. So that
25:36
is, I think, where the trust
25:36
factor is now with consumers,
25:40
you really want to do it in a
25:40
way that's respectful,
25:43
respectful of people's time,
25:43
respectful of individual
25:46
creators. motives and the type
25:46
of work they do. Don't have
25:52
people do stuff that's not
25:52
authentic to who they are. They
25:55
probably won't agree to it
25:55
anyway. But Nothing's worse than
25:59
cringy influencer marketing, but
25:59
when you do it the right way.
26:03
It's fantastic.
26:05
Oh, yeah. And then
26:05
your whoever they're following
26:08
is there's the diehard, like,
26:08
anywhere from 10 to 20%. They're
26:11
gonna just go over and be like,
26:11
alright, with you. We're with
26:14
you. Because same kind of thing.
26:16
Exactly. Exactly. Yeah.
26:16
That's so important. So
26:20
important,
26:21
and really is Yeah,
26:21
especially with tick tock. It's
26:23
funny, I've moved it. There's a
26:23
little gray pouch right here.
26:28
And it's a gimbal. And I was
26:28
watching Tic toc. And this lady
26:32
with Parkinson's saw her hands
26:32
like shaking like this. It was
26:36
she had the gimbal. And the
26:36
camera didn't move at all. And
26:39
I'm like I said, Because I hate
26:39
to be that guy. My hands are
26:43
kind of shaky when I hold my
26:43
camera, not as bad as yours. But
26:46
it's noticeable, Mike, but your
26:46
gimbal is perfect. What is it so
26:49
I can buy it kind of thing. And
26:49
then she's like, Oh, this and
26:53
that. But but it's this, here's
26:53
a link and she sends it. And
26:56
then afterwards, she is all
26:56
freaked out, like, oh my god,
26:58
that was an affiliate link. And
26:58
I literally just was like, I
27:00
don't give a shit here. Here's
27:00
like 10 bucks can that they?
27:04
You know, I think
27:04
people want to support creators,
27:06
right? We've been getting so
27:06
much good stuff, I'm happy to
27:11
click on your affiliate link. If
27:11
I support you, as a creator, I
27:14
want I want you to give me those
27:14
affiliate links, because I know
27:18
how much work goes into it, you
27:18
need to monetize. So give me
27:21
that affiliate link, I'll click
27:21
on it, I'll buy directly from
27:24
that. I'll even go out of my
27:24
way. And people will click on
27:28
that affiliate link, if it's
27:28
from a if it's from somebody
27:32
they support.
27:34
And that was a big
27:34
one in this podcast I followed
27:36
for a long time, what he would
27:36
used to do is say hey, here's a
27:40
general link to Amazon hits an
27:40
affiliate link. So he's a cool
27:44
shop at Amazon. Just bookmark a
27:44
click it in your web, it's gonna
27:48
bring you up in the app. And
27:48
then just go about your day, and
27:51
I get like, three bucks off each
27:51
versus purchase no extra charge
27:56
CEOs. I was smart. I was like, I
27:56
didn't think about it pretending
28:00
like that. If we don't do it
28:00
anyway, just press it, it'll
28:02
send you back to the app, and
28:02
I'll get like two $3 off each
28:05
purchase.
28:07
I think that's I think
28:07
that that's really helped more
28:10
and more people are going to
28:10
monetize. And I think it's more
28:13
help people are going to support
28:13
obviously supported artists on
28:17
Patreon. And that's great, but
28:17
it's like I have to go through
28:21
more clicks I have to sign up
28:21
for another thing. So I believe
28:26
that if you do influencer stuff,
28:26
right? The Influencers community
28:31
is going to rally around it.
28:31
They're not going to be bothered
28:34
far from it.
28:35
Yeah, and an
28:35
influencer hopefully knows,
28:38
understands that you want as
28:38
little pages to come up like
28:42
okay, you've clicked Patreon.
28:42
Thank you. Here is your name and
28:44
email. Did you click that? Okay,
28:44
now you had some created an
28:47
account like Dan, I just do that
28:47
earlier. It's like alright,
28:49
whatever, fill it out, like now
28:49
you have to fill punch in your
28:51
payment by then you lose everyone.
28:54
And you really do. I
28:54
know only really do Patreon for
29:00
and I know this is awful. I
29:00
really do it only when I'm
29:03
actually like purchasing a
29:03
serialized comic book or
29:07
something like that.
29:08
Yeah. But for me,
29:08
it's like if it's someone I
29:11
believe in, they put the latest
29:11
ces really selfish is they put
29:15
the link they put the time to
29:15
put it in the description on
29:17
YouTube or podcast and I can
29:17
click it it takes me straight
29:21
there. John, you got my money. I
29:21
have to go to Patreon find you
29:25
sign up make it account punch in
29:25
my info. I'm done.
29:28
Yeah, no, no, I'm done. I'm not I'm not here
29:29
for this. It's too much for me
29:32
my exhausted. Yeah. Yeah. And I
29:32
so I think you know what, that's
29:39
that's where we're at as a
29:39
society and brands need to get
29:43
with the program and leverage,
29:43
leverage what you can leverage
29:49
what you can and that's going to
29:49
be the affiliate marketing and I
29:52
think that that is it's
29:52
wholesome. Honestly, it's the
29:56
way people support their
29:56
favorite creators,
29:58
right. They get
29:58
something they Why, and they
30:00
know also the person gets a
30:00
little kickback from it too. I,
30:05
I've been really trying to edit
30:05
videos on YouTube and all that.
30:09
And this one guy I follow on
30:09
YouTube, his name's Finn
30:12
bizarre. He's all about editing
30:12
and make it engagement. And he
30:17
tries to make everything funny.
30:17
So I watch on my phone with a
30:21
web browser that blocks ads. So
30:21
though, I watched like, 17 of
30:25
his videos back to back, and
30:25
unlike the final two, he was
30:29
pitching his precess. And so I
30:29
went on a whole, like, what are
30:34
the presets? What's the value
30:34
kind of thing that he's selling
30:38
for 50 bucks, I realized what
30:38
he's selling, he could easily
30:41
ask for 600 kind of thing. And
30:41
he's just like, it's not
30:45
realistic to sell at that rate.
30:45
So I'm just gonna sell it at 50.
30:48
And the throat, I can't I bought
30:48
it. And I said, Okay, I watched
30:51
like 17 New videos, you probably
30:51
lost like 50 bucks on me,
30:54
somebody presets.
30:57
I, that's that's exactly how I would
31:01
recommend people work with
31:06
influencers, find those people
31:06
who have real value that they're
31:09
delivering, who are giving real
31:09
value to their consumers who are
31:13
giving real value to their
31:13
community, and help them deliver
31:16
more value. Right? Don't I
31:16
completely understand like some
31:21
fashion influencer types of
31:21
deals that I see people do where
31:24
it's like, I'm going to style
31:24
this cardigan and then give you
31:27
my discount code. And I'm
31:27
definitely seeing people click
31:31
through on that. And we've done
31:31
that kind of thing in the past.
31:34
But how much better if you, for
31:34
instance, talk about how to pack
31:39
for a trip. And I'm not an
31:39
influencer, I'm not being paid
31:43
to endorse this jacket. But I
31:43
gotta tell you, it's one of
31:45
those jackets that looks like a
31:45
suit jacket, but it's warm. And
31:48
also it's crushproof. And if I
31:48
were an influencer, I would pull
31:52
this together in a blog post
31:52
around how to pack for a trip
31:57
with like a guide of exactly
31:57
what you need to wear exactly
32:02
what you need to have. And
32:02
that's going to be so much more
32:06
value than okay, here's a
32:06
cardigan or here here's a here's
32:09
a sport jacket or a suit jacket.
32:09
And so make it easy for the
32:14
influencer that you work with,
32:14
to get that kind of value from
32:20
the influencer content that you give them.
32:24
Yeah, or a big one,
32:24
a lot of like, viewed ticked off
32:29
YouTube, whatever, has been
32:29
saying, like, advertisers are
32:32
very strict on how do you
32:32
present it? And one of them, he
32:36
said, he's like, I know, my
32:36
humor is not the most
32:39
politically correct, but it
32:39
works for my audience, and I can
32:41
get you a higher conversion is
32:41
like just lets the Creator be
32:44
creative. Like this in the name
32:44
kind of thing. Yeah, yeah, as
32:52
long as they don't like directly
32:52
talk shit about the company, I
32:54
don't care.
32:56
You know, I say as long
32:56
as people align with your
32:59
values, right? I, you know,
32:59
politically correct means
33:03
different things to different
33:03
people. Obviously, we as a, we,
33:07
as a company have some very
33:07
specific values around
33:09
diversity, inclusion,
33:09
sustainability, social impact.
33:14
And as long as people say that,
33:14
I do not care if they swear. I
33:18
do not care if they don't have
33:18
you know, it's like, don't have
33:24
it be corporate. Don't have to
33:24
be too polished. Everyone knows
33:28
that. That's fake.
33:31
When it's like, I'm
33:31
on tick tock in YouTube to
33:33
escape corporate kind of thing.
33:36
Yes, exactly. Exactly.
33:36
So don't have to be too fake.
33:40
Don't have it be. Yeah, do not
33:40
have it be something that people
33:46
are like, Oh, this, this went
33:46
through like 16 different
33:48
degrees of legal and 12
33:48
different people making sure
33:52
that you use the brand correct
33:52
adjectives. And other it's like,
33:58
no, no, you've taken all the
33:58
life out of the piece.
34:03
Yeah, what little
34:03
life it had you just chopped it
34:07
up? Just absolutely
34:07
try. So I have a big old geek,
34:11
right. And so I used to kind of
34:11
hide that side of myself when I
34:18
was lecturing when I was giving
34:18
talks at conferences. And people
34:23
would be you know, I would get
34:23
very pleasant responses. And
34:27
then once and this is this is a
34:27
little bit of a it's an
34:31
emotional story. That was taken
34:31
care of my mother she she had a
34:34
terminal illness, which she
34:34
lived much longer with. Thanks,
34:37
thank goodness than anyone
34:37
expected. And I had a night
34:41
where I had like, not slept. And
34:41
I had to give a talk at an
34:45
international conference. And I
34:45
was like all my words. There is
34:49
not enough coffee in the world
34:49
because I'd been up all night
34:53
taking care of this is gonna go
34:53
so badly because I don't have my
34:59
filter. As on I was talking
34:59
about SEO and I shared with you
35:06
like, my unfiltered opinion of
35:06
some best practices in SEO that
35:10
are not really best practices. I
35:10
think there may have been some,
35:14
some, you know, some swears
35:14
thrown in there. I think I
35:21
express my opinions very
35:21
forcefully. And I heard people
35:25
literally like tears of laughter
35:25
were running down their faces,
35:28
and I got the first standing
35:28
ovation of my life. And that's
35:32
what I realized, you know what,
35:32
people respond to authenticity.
35:37
And I'm totally fine. Um,
35:37
honestly, you got to know your
35:41
audience, right? I'm not gonna
35:41
get up at like a White House
35:44
dinner or something. But, um, you
35:49
definitely do not have to be
35:49
like this corporate buttoned up
35:53
citizen. I currently have
35:53
developed a, unfortunately
35:59
massive obsession with ancient
35:59
history. And I now use that as
36:05
analogies when I'm explaining
36:05
complicated like Mark martec
36:10
topics, and I thought, Oh, God,
36:10
people are going to be cringing.
36:13
What a big old dork I am. And I
36:13
send out an anonymous survey
36:18
after every class and every
36:18
talk. And people are like, you
36:20
know, those historical analogies
36:20
were not only very helpful, but
36:23
I learned things about history.
36:23
And I'm like, Okay, let that
36:26
keep flag fly. It's
36:27
working. Right?
36:27
Some of the stuff. I've I don't
36:31
even know what they're talking about. But the fact that the person's like, super authentic
36:33
on YouTube, or whatever I just
36:38
described, because I'm like, I
36:38
just like to he's super
36:40
passionate, or she or whatever.
36:40
And it's just like, the energy.
36:44
It's like, Yes, I don't know
36:44
what the heck you're talking
36:47
about, though. But I like the
36:47
energy.
36:51
I mean, that's just it,
36:51
give, give
36:53
your chin give your genuine
36:53
energy. Give you genuine real
37:00
energy, to the extent that it's
37:00
okay. In that
37:04
environment. Yeah. And self, be careful. 10 Swear. But
37:07
do you know, do what is right
37:14
for you?
37:16
So I do have a
37:16
question for you. Because you
37:18
would definitely know this much
37:18
better than me. Let's say I do
37:23
have a good concept of what I'm
37:23
doing. A general gist of who I'm
37:26
talking to you, but the data is
37:26
not. There's not enough to fully
37:30
painted a picture is the more
37:30
talking like YouTube and
37:34
podcasting for me to help you
37:34
out? I know, like, generally,
37:39
we're everyone is, but I don't
37:39
know who they are, what they
37:43
like, I just know kind of where
37:43
they're at. How would I
37:46
extrapolate that information?
37:46
Like, oh, because of this
37:50
region? I should be talking more
37:50
like this to them. Convert to
37:54
here. Okay,
37:55
I'm, I'm gonna say I
37:55
am. I think you asked a question
38:00
that has become the topic talk
38:00
about history geeking out. That
38:05
I think is where what we were
38:05
taught in school about marketing
38:10
leads us so down the wrong path.
38:10
When you talk about like, should
38:13
I gather my messaging and change
38:13
it based on the region? I'm not
38:19
a big believer in targeting by
38:19
demographics, versus
38:24
psychographics. I wish I had my
38:24
slide deck in front of me, but I
38:30
do this slide presentation to my
38:30
students. And let's say, I say
38:34
okay, you are trying to target
38:34
teenage girls for a makeup
38:38
company. You have one of those
38:38
college savings plans that you
38:43
want to target parents with
38:43
multiple children. You're a pet
38:48
company and you want to target
38:48
people who travel with their
38:51
pets. And then this is based on
38:51
one of my students, real life
38:56
stories. You are LGBTQ travel
38:56
packages to Hawaii and you on El
39:01
alkaloid, LGBTQ millennials.
39:01
Okay, got it. Got it. So then
39:05
I'm like, here's a cute girl and
39:05
I show them Joan of Arc. Then
39:10
I'm like, Okay, here's a parent
39:10
with multiple children, and I
39:14
show them gearing as costs.
39:14
Great. And then I'm like, here's
39:18
a gentleman traveling with his
39:18
pets, and I've got Hannibal
39:20
crossing the Alps. And I'm like,
39:20
here's an LGBTQ millennial and I
39:25
show them Alexander the Great
39:25
and I'm like, Are you going to
39:27
walk up to any of these people
39:27
be like, dude, or mme? In the
39:31
case of Joan of Arc? Would you
39:31
like to buy my lip balm? My
39:34
package tour my pet carrier,
39:34
you're gonna put the animals
39:37
elephant into a pet carrier? So
39:37
the answer here is we're gonna
39:44
look at demographics and you see
39:44
people they tell us all the time
39:47
Well, yeah, our target
39:47
demographic is teenage girls.
39:49
And like really, you would sell
39:49
this to Joan of Arc, would you?
39:52
And I'm not saying I mean,
39:52
obviously, these are outlier
39:55
individual. You know, I would
39:55
say adultery so anything to
39:59
dangle Time, but you're, you're losing the
40:02
ability to target people based
40:07
on the use that they have for
40:07
your product. When you say our
40:10
target audiences, moms, well,
40:10
you know, where do what it's
40:16
much more useful to say our
40:16
target audience is people who
40:20
need a child safety seat. There could be dads, it could be
40:23
grounds, right. And I think it's
40:29
extremely reductive is to target
40:29
by demographics. And I think
40:34
it's a product of where we
40:34
didn't have such good data about
40:37
people. So we had to just
40:37
assume, okay, if I want to sell
40:42
lip balm, it's something teenage
40:42
girls like, so I'm just going to
40:45
target like 17 magazine back
40:45
when that was the thing. Because
40:49
that was the proxies we had for
40:49
audiences, we can never actually
40:53
know who's in the market for lip
40:53
balm. And then you can avoid
40:57
trying to sell Sephora to Joan
40:57
of Arc. And again, at all
41:03
attempting to sell anything,
41:03
again is gone. So that's my
41:05
history geek analogy. So to back
41:05
to your question, Should you be
41:11
targeting people differently,
41:11
depending on their demographics
41:17
or their region? Only if the
41:17
region is germane
41:21
to what they want? Okay, right.
41:27
And like, I'm not going to try
41:27
to sell snow shovels in Alabama.
41:31
But that's not because I think
41:31
people from Alabama will never
41:35
want a snow shovel. It's because
41:35
it's useless to them most of the
41:38
time. So I'm gonna look at
41:38
people's demographics only in
41:43
the basis of is that something
41:43
relevant to what I want to sell
41:46
to them? And if it is, yeah, if
41:46
it's not, and you can also look
41:53
at people's demographics from
41:53
the wrong lens, if you're
41:56
looking at like age, gender
41:56
identity, maybe even income
42:01
level region. That's not the
42:01
salient point. You know, what
42:06
you could sell to all four of
42:06
these individuals and they would
42:09
want it siege engines, right,
42:09
you could sell them armor, you
42:16
could sell them spears, because
42:16
the demographic that matters is
42:19
where these people are warriors.
42:19
And that is actually also a
42:22
demographic but it's an
42:22
occupational one. And again, now
42:25
I'm really going down a history
42:25
rabbit hole. Oh, I like it. Or
42:29
that the demographic that you
42:29
are going after is actually the
42:32
demographic that motivates the
42:32
consumers behavior and not
42:35
something incidental, that oh,
42:35
we only sell this to tall people
42:39
or whatever.
42:41
Okay, so then it's
42:41
more in a less elegant way. Be
42:48
broader for specific is what I'm
42:48
hearing
42:54
and understand your
42:54
consumer to that customer
42:56
journey map. So to extend this
42:56
now into the world of fiction,
43:02
we did this in my class
43:02
recently, I was like, Okay, do
43:06
create a PPC commercial for
43:06
like, totally fictional
43:12
historical examples of what you
43:12
would be selling to people and
43:15
some of my wonderful delightful
43:15
students came up with dragon
43:19
fire proof shields that they
43:19
would have been selling to the
43:22
characters in Game of Thrones
43:24
that would everyone
43:24
would want to find out when I
43:27
was like
43:28
it and the ad was like
43:28
perfect. It was like guaranteed
43:31
dragon fire proof for your money
43:31
back. Just absolutely. For my
43:39
students. That's what they were
43:39
looking at the right demographic
43:43
and understanding the customer
43:43
need and the customer journey is
43:47
all my shields been like singed
43:47
by some dragons. I need another
43:51
one. It's gonna have to be
43:51
dragon fire proof. That's my
43:54
motivator there. Right? And it
43:54
doesn't matter their age doesn't
43:59
matter. You know, the gender
43:59
doesn't matter whether they're
44:02
Millennials or boomers. They
44:02
need that dragon fireproof
44:07
shield. Whenever anyone says oh,
44:07
it says Millennials suitable
44:11
they're usually wrong. They just
44:11
mean people in their early 30s
44:14
or late 20s weren't actually
44:14
Millennials at this point
44:16
anyway. Or I want boomers by
44:16
which they mean gray hairs.
44:20
They've completely forgotten me
44:20
and Gen X even exist. You know
44:24
people who have gray hairs? No,
44:24
no, you want people who need a
44:30
dragon fireproof shield, I don't
44:30
care if they're 16 or 67 They're
44:34
buying your product. That's the
44:34
demographic that matters to you.
44:39
It's lost as a
44:39
result of losing all your money
44:44
back well if it doesn't work
44:49
which brings me to
44:49
another thing in marketing has a
44:52
really dirty reputation that we
44:52
make promises that we know
44:55
you're not gonna hold us do. Not gonna get your money.
44:56
packet patch shield didn't work.
45:02
So I'm the spotter that
45:11
circles back to things like
45:11
affiliate marketing influencer
45:14
marketing targeting by
45:14
demographics which again, you
45:18
know, clarify my position on
45:18
that pick the right demographic
45:21
children. What your lip balm she
45:21
wants that flameproof, she'll,
45:25
well, okay, she's not fighting
45:25
dragons, but
45:28
you want to think about? I have
45:28
this problem
45:34
arguments sometimes with clients
45:34
or students, marketing is not an
45:39
inherently dirty practice. It's
45:39
how you do the execution on it.
45:44
And we've had debates internally
45:44
around like, is this SEO tactic
45:47
spam, like in YouTube? We've had
45:47
some luck with really heavily
45:51
tagging specific videos with, I
45:51
would say, almost like,
46:00
repetitive tags, and yet they
46:00
worked great. So then they're
46:05
like, Well, is this spam? I'm
46:05
like, Are we hurting anybody
46:08
with this? No. We're using the
46:08
right tactics. And I think
46:12
people outside of marketing or
46:12
in fact, many of us in
46:16
marketing, who just don't want
46:16
to do things that are spammy.
46:21
They were reluctant to use all
46:21
of the tactics at our disposal
46:28
when I want to circle it back to
46:28
marketing. Why are we targeting
46:31
people by very basic
46:31
demographics that often have
46:34
nothing to do with their
46:34
motivations as a consumer, like
46:38
how old they are, or what zip
46:38
code they live in? It's because
46:43
we don't want to use the more
46:43
specific data saying, Oh, these
46:47
people are all in the market for
46:47
really good shields. Because
46:50
that would involve, you know,
46:50
Cookie based technologies in the
46:54
past. Now, it involves other
46:54
kinds of tracking technologies.
46:58
It's, it's personal data around
46:58
people. And there are privacy
47:04
aware ways of doing that ranging
47:04
from looking for proxies for
47:11
your audience, like people who
47:11
subscribe to, you know, Dragon
47:16
proof shield monthly magazine.
47:20
I want to make that
47:20
the title of the show, Dragon
47:23
Fire true sealed or your money
47:23
back.
47:26
That's the title of the show.
47:27
That's the title of the show.
47:29
So you can find out
47:29
what people want consumers
47:33
pretty heavily telegraph what
47:33
they want. They're like, You
47:37
know what, man, I'm gonna
47:37
conquer the known world, or I'm
47:40
gonna cross the Alps. With my
47:40
elephants, you can be fairly
47:43
sure they're in the market for
47:43
your dragon fireproof shield
47:46
again. Now I'm mixing real
47:46
history with Game of Thrones,
47:49
but fun. People are telegraphing
47:49
what they want from you. It's
47:53
not intruding on their privacy
47:53
to notice, hey, I couldn't help
47:56
but notice you're crossing the
47:56
Alps with all these elephants,
47:58
you need some shields.
48:01
Right? That's not
48:01
That's not hard. No, no brainer,
48:03
intruding
48:04
on that person's
48:04
privacy, you definitely do not
48:07
want to use things that do
48:07
violate people's privacy, when
48:11
they could have a whole other
48:11
conversation around that. But at
48:13
the end of the day, consumers
48:13
want to be targeted with things
48:17
that are relevant to them. And
48:17
they're telegraphing that to us,
48:22
they're buying patterns, they
48:22
know we're tracking their buying
48:26
patterns, they're buying the
48:26
stock, we want to sell them and
48:29
they would welcome us coming up
48:29
to them with offers that give
48:33
them the things that they want
48:33
to buy. I mean, when you're
48:36
busily you know, crossing the
48:36
Alps with your elephants are
48:39
conquering the known world. Do
48:39
you have time to shop on Amazon?
48:42
No. You need the ads to target
48:42
you.
48:46
Right. Now that's
48:46
true. So then, okay, you were
48:51
talking about the proxy and the
48:51
less invasive way of collecting
48:55
this information? What is some
48:55
of them, you tell your clients?
48:58
Just a side note on that? How
48:58
long do I got you for? Because I
49:01
feel like we can go at least three hours.
49:03
I know we could go at
49:03
least three hours. I've got a
49:05
hard stop. Right? Well, I mean,
49:05
do you want me to talk for more
49:07
than an hour? Would people want
49:07
to listen to that?
49:11
The energy is so
49:11
great. I try I actually looked
49:13
down was like, oh, shoot, I
49:13
might have a meeting next.
49:16
Okay, well, I can go to
49:16
like what I can definitely go to
49:19
one or a little little after
49:19
one. So I'm proxy audiences are
49:24
I think the thing that I feel
49:24
most comfortable recommending to
49:27
the widest range of clients
49:27
because it once again, again, it
49:32
goes back to I am telegraphing
49:32
my intent by by subscribing to
49:38
this YouTube channel, by
49:38
purchasing from this company. I
49:43
don't think any consumer today
49:43
in 2022 and beyond. And you
49:49
know, I don't want to date this
49:49
video, but I don't think any
49:51
consumer in today's society
49:51
expects that their purchasing
49:55
habits are a secret. And so
49:58
I'll leave that by
49:58
the way. as well. And suddenly,
50:04
it's not a secret anymore.
50:06
It's not. And
50:06
especially if it's public
50:08
behavior, like what kind of
50:08
creators you're subscribing to.
50:11
So if you're subscribing to a
50:11
Twitch streamer on dragon
50:17
slaying, then you're saying I am
50:17
interested in these shields. I
50:24
do not consider that to be the
50:24
kind of information that you
50:28
can't wildly use in your own
50:28
marketing, provided you obey all
50:32
applicable laws and you maintain
50:32
your ethics. But if you look at,
50:36
for instance, the audiences for
50:36
specific creators for specific
50:39
media, that's a good proxy
50:39
audience that is privacy aware
50:44
in most cases. So go to, again,
50:44
what we talked about influencer
50:49
marketing, there's got to be an
50:49
influencer in your space, no
50:52
matter how niche, it you know,
50:52
elephant harness monthly might
50:57
be a thing.
50:57
I don't know. I
50:57
will, it was,
51:00
it really would be. But
51:00
you know, no one else has ever
51:03
tried that. So it is a very
51:03
niche audience. But there's
51:06
gonna be maybe somebody Twitch
51:06
streaming something that's
51:09
related to that niche interest.
51:09
So what you want to do is you
51:15
want to go and look at those
51:15
proxy audiences. That's number
51:20
one. The second thing is
51:20
leverage your first party data
51:24
much more than you already have,
51:24
you have so much good data
51:26
locked into your CRM system. And
51:26
even if you don't have a CRM,
51:30
yeah, it's in your email
51:30
marketing, it's in your
51:32
ecommerce system, it's in all of
51:32
those things that should be part
51:37
of your CRM, all of the data on
51:37
the people who've done business
51:40
with you already. Most companies
51:40
don't even have that as
51:44
organized as they'd like it, let
51:44
alone are they leveraging it to
51:49
make the sales that they need to
51:49
make. So first things first, get
51:56
a handle on what data you have
51:56
on your existing customer, it
52:00
can cause from 2x to 5x, to more
52:00
than 5x more to acquire a new
52:04
customer than it is to upsell
52:04
and develop a deeper and better
52:07
relationship with an existing
52:07
customer.
52:13
Rather than send your sales team out into
52:15
the field and say, You know
52:19
what, find us more conquerors.
52:19
And by the way, I'm not
52:21
endorsing any kind of
52:21
colonialism with this. I'm just
52:24
stretching a metaphor. Invading
52:24
people
52:30
don't do it. Um, but wouldn't it
52:30
be
52:35
better to just upsell the
52:35
customers you have? And you're
52:39
doing it? And no one's doing
52:39
that well enough, except the few
52:42
companies that have absolutely
52:42
gotten a handle on their first
52:48
party data. But no, in all
52:48
seriousness, I am not, you know,
52:50
not glorifying colonialism. I'm
52:50
just getting caught up in my own
52:54
metaphor here
52:55
to say it's your
52:55
metaphor in its history, it
52:57
happened you can't say that. And,
53:00
and it's it's going
53:00
it's rolling, because it's a
53:02
nice way to keep it separate
53:02
from any other like any
53:07
industry, because if I say b2b
53:07
or b2c people will think, Oh,
53:10
this is not relevant to me. But
53:10
if you go into like this total
53:13
fantasy realm, it makes more
53:13
sense, because you can see the
53:16
core topic, which is you have
53:16
more first party data than you
53:21
think you know, what people want
53:21
from you who've already done
53:24
business with you who are
53:24
potentially satisfied customers,
53:27
they should be satisfied
53:27
customers. Nobody is organizing
53:30
and leveraging that except a
53:30
very small percentage of
53:33
companies that heavily resource
53:33
it most small to midsize
53:37
businesses. Even a lot of
53:37
nonprofits that live off of
53:41
donations and should be building
53:41
much better relationships with
53:43
their donors and supporters are
53:43
not doing enough with it. And so
53:48
first party data, proxy
53:48
audiences, both of those are
53:52
very privacy aware. And I
53:52
guarantee you you're probably
53:56
only realizing 75% of the ROI
53:56
from either one of those unless
54:01
you've been systematic about
54:01
both your CRM and about your
54:04
data driven targeting and marketing
54:08
Sorry, I'm just writing that down. Let's first try to predict Crux and let's
54:10
that's really good because
54:14
that's been a big one for me.
54:14
It's like, oh, I want to start
54:17
running ads for different
54:17
products. I have but on my idol,
54:20
here like saves me so much money
54:20
because I'm like, Oh, I'll run
54:23
it for this person who really
54:23
likes martial arts and dragons
54:27
and watches Van Helsing kind of
54:27
thing else totally by now here
54:32
again, like that's a terrible
54:32
waste of $500 they maybe get one
54:36
or two T shirts from
54:38
Yeah, yeah. And and you
54:38
in the meantime, got a huge
54:41
amount of first party data
54:41
customers who haven't bought
54:44
from you and longer than you
54:44
typically have repeat customers
54:48
like first of all know how often
54:48
your customers come back to you.
54:51
How often do they need a fresh
54:51
set of helmets or spears or
54:57
whatever and what bulk and it If
54:57
they are not making those
55:01
purchases with you why are they
55:01
not making those purchases with
55:04
you? Or they will locked in? Are
55:04
they going over to your
55:07
competitors? Or have you simply
55:07
failed to stay on their radar?
55:12
Once you know that, I think a
55:12
lot of people are hesitant to
55:15
over message. They don't want to
55:15
be
55:20
seen as obnoxious. Half the
55:20
time.
55:25
There, you're not being
55:25
obnoxious by being proactive. I
55:30
think you are actually probably
55:37
probably not marketing enough.
55:41
And especially nowadays, yeah,
55:43
yeah, yeah. And you
55:43
know what, I honestly think
55:46
that's another metric that I
55:46
didn't even dig into enough,
55:50
which is, look, when you're
55:50
looking at, for instance, your
55:53
open rates, your click through
55:53
rates for your email or for your
55:57
CRM, look at whether it's
55:57
starting to drop off or whether
56:02
it drops off in response to a
56:02
specific type of messaging. And
56:06
if it's not dropping off, and I
56:06
know this is almost a game of
56:10
chicken. But if it is not
56:10
dropping off, you're probably
56:16
still well within the sweet spot
56:16
of how often you could be
56:19
reaching out to your mailing
56:19
list and how much you can be
56:22
reaching out to your existing
56:22
customers. Because people will
56:26
tell you when they are fed up
56:26
with your messaging by
56:28
unsubscribing, or simply not
56:28
opening. If they're not doing
56:33
that, then you probably could
56:33
push a little further. And
56:43
probably be doing a lot more
56:43
with reaching out to your
56:48
existing audience.
56:51
That's true. Yeah.
56:51
This especially with the emails,
56:56
I was using Karcher. That's my
56:56
next question coming up. Is it a
56:59
recommend CRM, just so you can
56:59
think about that? I was using
57:02
kartra. And this guy was like,
57:02
oh, free templates. Just give me
57:07
your email. I'm like, okay,
57:07
small price to pay. He blew me
57:10
up within 10 minutes with 25
57:10
emails. Yeah. I was like, I got
57:17
my one thing. And I was just
57:17
like, I'm like, get me out of
57:19
this thing. Like, quick. What am
57:19
I does he not see it as one of
57:23
those I set them right to see
57:23
not to see that? Does he not
57:25
care?
57:27
You do. I'm always
57:27
astonished when companies do
57:30
something like that. And I've
57:30
actually talked to people who,
57:35
you know, we're using those
57:35
practices about why and they
57:38
say, Well, if it works with
57:38
like, 1% of people, we really
57:40
need to make our numbers so we
57:40
really, really have to push, you
57:44
have to push in a way that
57:44
smart,
57:46
though? I would say
57:46
I would say I would buy targeted
57:49
retargeted ads instead of going
57:49
if your email.
57:53
Yeah, it's just, um,
57:56
I think people just were too
57:56
wedded to old fashioned tactics.
58:01
Well, well, my one
58:01
mentor, he helped me with a lot
58:05
of my business then I realized
58:05
that he was teaching people how
58:08
to spot a charlatan and an
58:08
outlier and a grifter. And then
58:12
in teaching that he I've like,
58:12
Wait, you're exactly what you're
58:15
preaching against kind of thing.
58:15
It was a whole paradox in that
58:20
but the one he because everyone
58:20
was saying, Oh, I subscribed to
58:23
so and so. And he woke me up
58:23
like, three to 10 messages a
58:28
day. And he's like, Oh, it's
58:28
whoever this one of the email
58:31
marketing godfathers it was
58:31
Nigel Carnac it's not because
58:36
that's mindset. But there's some
58:36
someone like huge and he pretty
58:40
much says you keep slamming it
58:40
so harder so consistently they
58:45
have no choice but to click and
58:45
he's gonna and that's recent
58:50
that's been the President's for
58:50
email ever since he said then
58:53
early 2000s I don't like no that
58:53
does not work.
58:58
That does not work that
58:58
is again again and I'm a very
59:02
peaceful person believes that
59:02
but I'm gonna get back into my
59:05
metaphor and say that is the
59:05
siege warfare mode of marketing
59:10
of like, I'm just going to stand
59:10
out here with my counterpart of
59:13
email, keep flinging things at you. Like okay, people get
59:15
mad when you do that since
59:23
you produce throw
59:23
rocks in my room. I'm gonna be a
59:25
little mad
59:27
I've got archers and
59:27
it's like I'm not gonna and it's
59:30
called reporting you as spam. Right don't do that.
59:35
When that's where
59:35
then cuz the guy was like, what
59:38
is the sweet spot and like you
59:38
said he he's like, three emails
59:43
a week, kind of like a start of
59:43
the week like a pep talk and
59:46
newsletter made one like a
59:46
reminder like, Hey, we're doing
59:49
this event later on in a couple
59:49
months. And then on Friday, like
59:52
I have a great weekend and
59:52
whatever funding you want to
59:54
add, that will best for cute
59:54
you're in their mind, and I'll
59:58
bother either when one of them
59:58
you actually make a pitch,
1:00:01
because you're not too much of a bother, they'll click and actually read it is the too far
1:00:03
off,
1:00:06
I would say three times
1:00:06
a week, if you don't have a if
1:00:09
you're a salesperson, and you've
1:00:09
had good conversations with
1:00:12
somebody, and they're a warm
1:00:12
lead, and you're in a long sales
1:00:16
cycle, yes, three times a week
1:00:16
is totally fine. If, on the
1:00:20
other hand, you are a brand, and
1:00:20
you're sending out a mass email,
1:00:25
even if it's to a targeted
1:00:25
segment, I think three times a
1:00:29
week nowadays is getting a
1:00:29
little bit much I would say 10
1:00:31
years ago, when people were less
1:00:31
busy and had fewer media
1:00:35
choices, you could do that, I
1:00:35
would take that three times a
1:00:39
week messaging, and I would
1:00:39
shift it over to LinkedIn, I
1:00:44
would shift it over to tick
1:00:44
tock, I would be doing it as
1:00:47
Instagram reels. Because that's
1:00:47
more of an opt in situation
1:00:51
where you're not pushing into
1:00:51
the inboxes of people. You're
1:00:57
You're honestly better off doing
1:00:57
that than abusing your email
1:01:02
list. And again, every
1:01:02
department, every organization,
1:01:06
every department within your
1:01:06
organization is going to have
1:01:08
different mileage, some people,
1:01:08
that's fine. Some people, you're
1:01:13
gonna get unsubscribes, you need
1:01:13
to really look at the
1:01:16
unsubscribe rate and the open
1:01:16
rate on that. I mean, if people
1:01:19
are opening your emails, it's
1:01:19
working for you. But if you've
1:01:22
got like a 4%, open rate, that's
1:01:22
a sign nobody wants to hear from
1:01:26
you three times a week, via
1:01:26
email, go do that on tick tock,
1:01:31
you will probably grow your
1:01:31
brand you'll reach people you
1:01:34
don't yet know. And you will not
1:01:34
be annoying your existing
1:01:40
mailing list.
1:01:43
And that's kind of
1:01:43
what I was mentioning to him. I
1:01:45
was like, Howard, for some
1:01:45
hosting, keep my feet in
1:01:50
people's mind have a little
1:01:50
piece of their mental real
1:01:52
estate. But we don't want to
1:01:52
harass them or bullying him into
1:01:55
it. How we're supposed to coax
1:01:55
somebody. So to say that because
1:01:58
like social media, hazing, I
1:01:58
don't personally use it, because
1:02:01
he's like, I use affiliate
1:02:01
marketing to get my leads. But
1:02:04
he's like, social media is a
1:02:04
great way. Because if they
1:02:06
really want to see you, they'll
1:02:06
just click it. They're annoyed
1:02:09
to click off, but it doesn't
1:02:09
affect you directly. Exactly,
1:02:12
exactly. And that's
1:02:13
a much easier way of
1:02:13
doing it. And again, it can help
1:02:16
you reach folks who you don't
1:02:16
have first party data on because
1:02:19
they haven't done business with you yet.
1:02:22
100%. So, back to
1:02:22
the other question that started
1:02:25
to solve what is the CRM you
1:02:25
recommend your customers to use?
1:02:29
Oh,
1:02:30
I don't like to endorse
1:02:30
any particular CRM I do want
1:02:34
like, so I'll break it down as
1:02:34
I'll talk about. Because I'm not
1:02:39
an affiliate of any of them. And
1:02:39
I do try to keep neutral we work
1:02:43
with so many we do work with a
1:02:43
lot of companies that are
1:02:45
invested in HubSpot, we also
1:02:45
work with a lot of folks who do
1:02:48
MailChimp, which frankly, is
1:02:48
close to being a pretty robust
1:02:54
CRM at this point that is our
1:02:54
needs. So But that said, I'm
1:02:59
also a fan of Salesforce, we've
1:02:59
done a fair amount of work with
1:03:02
that the the CRM you need is the
1:03:02
one that has the features that
1:03:08
you want. And that your folks
1:03:08
within your team can use easily.
1:03:19
It may not have all the bells
1:03:19
and whistles, it may not have
1:03:24
every single feature because
1:03:24
most of the time, people don't
1:03:28
use every single feature in
1:03:28
their platforms, but it's going
1:03:32
to be what your consumers want.
1:03:32
And you know, in terms of
1:03:38
gathering the data around what
1:03:38
your consumers want, and it's
1:03:41
going to be what your your
1:03:41
community of users within your
1:03:45
company is going to feel
1:03:45
comfortable with. The number one
1:03:48
CRM to use is the one that's not
1:03:48
going to get a lot of pushback
1:03:51
from very confused people who
1:03:51
are going to be running that CRM
1:03:54
within your organization.
1:03:54
Definitely give people training,
1:03:57
but do not. Again, with the elephants, if
1:04:01
you need a pony, cuz you're like
1:04:05
a pizza shop on the corner, do
1:04:05
not get an elephant CRM
1:04:14
it's interesting
1:04:14
because I'm, I'm shopping around
1:04:16
for one, but through the
1:04:16
sustain, I was using kartra
1:04:20
earlier, but that one got really
1:04:20
weird dealing with them. And I
1:04:26
finally would just cut my money.
1:04:26
It was like, Okay, I'm done.
1:04:28
That's the guy blow me up like
1:04:28
20 times in 20 minutes. But it's
1:04:34
one of those like, I'm trying to
1:04:34
people have been asking me to a
1:04:37
place to like, kind of like kind
1:04:37
of like you like how do I do
1:04:40
this kind of marketing like
1:04:40
Well, let me call Christine. The
1:04:45
thing
1:04:48
with our clients as we sit down, we do a needs assessment and then we give them
1:04:50
a choice of like two to three
1:04:53
CRMs we think would solve their
1:04:53
problems that we have them do a
1:04:58
demo of each day. And then you
1:04:58
their gut instinct is going to
1:05:02
tell them what they want based
1:05:02
on the user interface. Like
1:05:05
there's, there's two or three
1:05:05
CRMs for every need. And the
1:05:09
deciding factor is does this
1:05:09
user interface instinctively
1:05:12
make sense to me? The way I like
1:05:12
to work?
1:05:16
That's it. Like that's in a nutshell.
1:05:18
Perfect. So kind of
1:05:18
my analogy I wrote down is the
1:05:21
simpler, the better. Also
1:05:21
powerful, okay. Because Carter
1:05:27
was so complicated for me. I'm
1:05:27
pretty tech inclined, I like my
1:05:31
computers. I like software. I've
1:05:31
been learning coding, so I get
1:05:34
it. And I'm looking at this,
1:05:34
like, what the heck am I
1:05:38
supposed to do with this kind of
1:05:38
thing. So that right out of the
1:05:43
gate, I should listen to my gut
1:05:43
and just be like, this is a bad
1:05:45
idea. Just get your money and go.
1:05:48
Absolutely. Absolutely.
1:05:48
That's awesome. I am gonna go
1:05:55
going. You know, it is.
1:05:58
It's 109. We don't absolutely
1:05:58
have to like get going. But we
1:06:02
could certainly I mean, if you
1:06:02
want any questions, I'm here for
1:06:07
that.
1:06:08
Oh, boss. I was
1:06:08
thinking you were central.
1:06:10
Sorry. That sounds like wow, we
1:06:10
have plenty of time.
1:06:16
No, it's one o'clock my time.
1:06:19
Yeah, then my only
1:06:19
three going out questions is
1:06:22
really simple. I live in work.
1:06:22
What have you been doing to keep
1:06:25
yourself busy during these COVID times?
1:06:28
Well, when I'm when I'm
1:06:28
not reading up on military
1:06:31
history, or trying to figure out
1:06:31
how to sell package tourism, lip
1:06:36
balms to history's greatest
1:06:36
warriors and succeeding very
1:06:39
little. What I do is I am in a
1:06:39
habit I kid you not I have three
1:06:44
dogs and a cat. So I rescue,
1:06:44
rescue these animals, and they
1:06:49
keep me busy. I like to go
1:06:49
hiking on all of the local
1:06:52
trails around here to exercise
1:06:52
my pets. For several miles every
1:06:56
weekend, it depends like I might
1:06:56
do 810 20 miles a weekend with
1:07:01
the dogs. I'm an avid knitter I
1:07:01
love to bake when it's cold out,
1:07:08
which hopefully will be soon.
1:07:08
And I really just enjoy spending
1:07:12
time with friends and family.
1:07:15
That's awesome.
1:07:15
Second question, someone
1:07:18
inspired by you wants to walk
1:07:18
down a similar path, what are
1:07:21
some tips, tricks or advice you
1:07:21
give them to get going,
1:07:25
I'm fine. Find the area of marketing that that
1:07:26
feeds your soul. I know that
1:07:29
sounds a bit cheesy, but find
1:07:29
the part of marketing that
1:07:31
doesn't feel like a slog. It
1:07:31
could be graphic design, it
1:07:34
could be front end development,
1:07:34
it could be marketing
1:07:37
automation, I find that what
1:07:37
makes me tick is solving really
1:07:42
complicated tech stack problems,
1:07:42
but doing it with an eye to what
1:07:46
the marketing strategy is like,
1:07:46
how are we going to gather this
1:07:49
data about customers? And how
1:07:49
are we then going to make it
1:07:53
operational so that we're
1:07:53
targeting people, and we're not
1:07:57
selling elephant harnesses to
1:07:59
gang ISKCON.
1:08:01
That's very
1:08:01
important. But he's like it,
1:08:04
there's no use for me, though.
1:08:06
I don't need this. You
1:08:06
should have sold it sold these
1:08:08
tangible. And so you think to
1:08:08
yourself, that sounds like a
1:08:13
boring job. But I really love
1:08:13
data. And I found that being
1:08:17
just into the data is what makes
1:08:17
me happy. So find the thing that
1:08:20
makes you happy. Don't let
1:08:20
people say Oh, well, the jobs in
1:08:24
that are drying up, find the
1:08:24
aspect of that where the jobs
1:08:28
are plentiful. Right,
1:08:30
because there was
1:08:30
only so much AI can do
1:08:32
correctly, at
1:08:33
least only so much.
1:08:33
Exactly. There. There's
1:08:37
something for everybody in
1:08:37
marketing, find your passion and
1:08:40
then find the most likely job
1:08:40
descriptions, maybe identify
1:08:44
three or five that will allow
1:08:44
you to do more of that and less
1:08:49
of what you don't want to do.
1:08:49
And then, for instance, if
1:08:53
you're like, I totally wish to
1:08:53
cross the Alps with large
1:08:58
animals, you're going to join
1:08:58
Hannibal's army if you're like I
1:09:00
want to say France to join your
1:09:00
works army. So in other words,
1:09:05
figure out where you can go with
1:09:05
that passionate enthusiasm where
1:09:09
you're appreciated, there's
1:09:09
companies that will will
1:09:12
absolutely love you. And if
1:09:12
you're not in a place where
1:09:14
you're doing your best work, get
1:09:14
an exit plan, but it's also an
1:09:20
insurance plan to the place
1:09:20
where you will do your best
1:09:22
work. So that's my advice.
1:09:25
Wonderful, I love
1:09:25
how you hit like all angles of
1:09:27
that to work and everyone
1:09:27
contact us.
1:09:31
You can go to my
1:09:31
website, it's thought light.net
1:09:34
t HOUGHT. Thought as in thinking
1:09:34
light li gh t. So t h o u g h t
1:09:45
li ght thought like dotnet and
1:09:45
you can hit the Contact Us
1:09:50
button and that will eventually
1:09:50
quickly make its way to me. And
1:09:55
you can go on Amazon if you want
1:09:55
to buy my latest book marketing
1:09:58
metrics and And that's under my
1:09:58
last name Christina inch img II.
1:10:03
But I if you go to the Kogan
1:10:03
page website, que OGANPAG, the
1:10:13
discount code that I'm going to
1:10:13
provide is going to work there
1:10:15
to get you 20% off. And that's
1:10:15
discount code metrics. So, all
1:10:22
due respect to Amazon, you go to
1:10:22
my publishers website, you'll
1:10:25
get a little you'll be able to
1:10:25
use the coupon code.
1:10:28
And that's fine.
1:10:28
That's awesome. Thank you so
1:10:31
much. Absolute pleasure. This
1:10:31
telehealth went the hour for the
1:10:37
Well, I hope people got
1:10:37
as much much geeky joy out of it
1:10:41
as I got out of having this
1:10:41
conversation with you, Josh.
1:10:43
It's been wonderful. To see
1:10:45
energy alone. I'm sure a lot of people don't like you, dude, you should listen to
1:10:47
this just fun. Hope so.
1:10:52
I hope as long as
1:10:52
they're laughing with you and
1:10:54
not at you. It's a good day.
1:10:54
It's a very good day.
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