Latest / Sales Pipeline Radio / ABM Maximum Results on a Minimal Budget
Transcript
- 0:16All right,
- 0:17welcome everybody to another episode of Sales Pipeline Radio.
- 0:20I'm your host,
- 0:21Matt Heinz.
- 0:21Thank you so much for joining us in the middle of your work.
- 0:24If you're joining us live today,
- 0:26not only you're joining us in the middle of your workday,
- 0:27you are drawing yourself away from March Madness Games as we speak.
- 0:32Um I wanted to make it clear.
- 0:34I'm just keeping my eye on West Virginia,
- 0:35Maryland because it was one of my brothers and 889 Mason.
- 0:38And so I'm wondering like,
- 0:39I mean,
- 0:40obviously for people watching this on demand,
- 0:41you're like,
- 0:42I can't believe that West Virginia made a run anyway.
- 0:45Um If you're watching live,
- 0:47thank you for doing so.
- 0:49You can be part of the show today if you've got a question or comment on our topics for our guest,
- 0:53Mason Cosby.
- 0:54Uh We would love to have you be part of the show.
- 0:56Uh Make a question,
- 0:57make a comment.
- 0:57We'll bring in,
- 0:58we'll ask your question,
- 0:59we'll bring your comment up on screen and have some fun with it if you're watching and listening on demand.
- 1:03Um Thank you very much for listening for downloading for subscribing every episode of sales pipeline radio is always available past present,
- 1:11future on sales pipeline radio dot com.
- 1:14Today Mason told me right before we started recording.
- 1:17Mason is,
- 1:17is phenomenal.
- 1:19He's got a new job.
- 1:20He's got a pending baby.
- 1:21He just got back from Scotland.
- 1:23He loves sales.
- 1:24Mason Cosby.
- 1:25Everybody.
- 1:25Thanks for joining us,
- 1:26man,
- 1:27Matt.
- 1:28I will always join anything you ask because you are a legend in and of yourself.
- 1:32So I'm just excited to be here.
- 1:34Legend in my own mind,
- 1:35I think is what you just said.
- 1:37So,
- 1:37yeah,
- 1:38that's all,
- 1:39it's,
- 1:40yeah,
- 1:40it's uh it's,
- 1:41it's all good.
- 1:41Well,
- 1:42look,
- 1:42I um I've been following you for a long time as well.
- 1:45Just,
- 1:45you know,
- 1:46you continue to have great content,
- 1:47great insights.
- 1:48Um and um yeah,
- 1:51maybe just give for folks that don't know,
- 1:52you just a little,
- 1:53little bit about who you are,
- 1:55where you're from and what you're thinking about these days.
- 1:58Yeah,
- 1:58I mean,
- 1:59if you actually look behind me on every call I joined in.
- 2:02My wife gave me these wonderful maps that actually tell a little bit of our life stories.
- 2:05So from Birmingham,
- 2:06met my wife and Jack's Mississippi,
- 2:07where is actually where I started my marketing career and within the past year and a half,
- 2:12moved up to Indianapolis um and have been here for,
- 2:17I mean,
- 2:17a year and a half,
- 2:18just kind of worked at an agency and recently transitioned over to an incredible company called Sales Assembly that is offering elevated learning and development for go to market teams.
- 2:26So essentially we help train your sales and CS teams to make more money,
- 2:30which is why I heart sales.
- 2:32You love sales.
- 2:33I mean,
- 2:33like,
- 2:33and I think your past few roles and just the conversations we've had,
- 2:37You know,
- 2:37you are a marketer at heart,
- 2:39a marketer by experience.
- 2:40But you know,
- 2:41you realize and lean into the fact that like you can't be a successful marketer and B2B without also having a successful sales team.
- 2:48Um and you are now marketing at a company whose customer is sales.
- 2:52So I know this is a new role to you.
- 2:54But like,
- 2:54I mean,
- 2:54talk to me about why that was a priority for you in terms of next role in your career for the like the company as a meta,
- 3:00but also just in terms of leaning into that integrated role as a marketer.
- 3:04Yeah.
- 3:04So there's really two big reasons.
- 3:06One the previous company I work for is actually acquired and I ended up stepping into a sales role for about six months,
- 3:13selling A B M programs to other marketers and selling today is just really difficult,
- 3:19like as a marketer,
- 3:20you know,
- 3:21I I get a relatively open calendar where I get to do deep work and meaningful work and get to build really cool programs and have the time of my life.
- 3:29But when I stepped into a sales role,
- 3:31the work is meetings.
- 3:32I mean,
- 3:33you're just the best salesperson is back to back to back meetings.
- 3:37And I mean,
- 3:37it's,
- 3:37you got to always be on because if you're not on,
- 3:40you're not putting the best foot forward,
- 3:41you're the representative of the company like that's,
- 3:44that's difficult.
- 3:45And the flip side is,
- 3:47man,
- 3:48I had one week that was super slammed,
- 3:50literally 70 hours of meetings,
- 3:52the next week was a desert And I mean,
- 3:54that just wears on you.
- 3:55So I just have a deep empathy for sales having recently been in the role.
- 4:00And honestly,
- 4:00throughout my career,
- 4:01kind of gone back and forth between marketing and sales.
- 4:04Um and as I looked at the next role that I wanted to step into,
- 4:08I genuinely love the revenue team.
- 4:12I love serving the B2B revenue teams and specifically my own life,
- 4:17I mean,
- 4:17professional development has been the massive career accelerator.
- 4:20So when I looked at what sales simply offered of learning and development for the go to market team,
- 4:26specifically focusing in on that sales team,
- 4:28it seemed like a perfect fit to go build a marketing program that actually helps sales people elevate their career and actually drive greater impact in their organizations.
- 4:37So I want to ask a follow up question on something you said that wrote down that serving the revenue team.
- 4:42And I think I want to qualify a couple of days and get your opinion on this because I think there's as a modern B2B marketer,
- 4:49you are part of the revenue team,
- 4:51right?
- 4:51I mean,
- 4:51today's modern B2B marketing needs to be revenue responsible.
- 4:55And then sometimes I think some people here serving the revenue team and think that that means you are in a subservient role.
- 5:02So talk a little bit about what you mean by serving the revenue team as well as your perspective on marketing's role on the revenue team.
- 5:09So I'll give you two answers.
- 5:11One when I was saying,
- 5:12serve the revenue team.
- 5:13As I was looking at the next job,
- 5:15I wanted to be sure that I stuck in kind of this B two B audience was focused on the revenue team.
- 5:21So I had some other jobs that we're looking at like the finance department and the hr side of things.
- 5:27So for me,
- 5:28I just love serving the revenue teams.
- 5:30And then as far as actually sitting in a marketing seat and talking through that concept of serving the revenue team practically what has happened for years and years as marketing goes off and does their own thing and sales does their own thing.
- 5:44And there's this complete mismatch of who were actually pursuing and going after if you were to ask marketing,
- 5:51who your ideal clients are,
- 5:52they have this kind of idealistic version.
- 5:56And when you go ask sales,
- 5:58they're gonna tell you probably the easiest closes that they've experienced that may or may not actually be the best fit.
- 6:03So I love sitting in a marketing role because I look at the revenue team as marketing sales and customer success.
- 6:10So sitting in a marketing role,
- 6:12my job is to make sure that we're targeting the right people going after the right people engaging the right people from the start.
- 6:18So it makes sales job easier actually in the clothes,
- 6:21but not just to get easy sales,
- 6:22but so that we can keep clients for years and years to come,
- 6:26making customer successes job also easier and better.
- 6:29Because I think everybody's been in a support role at some point in dealing with unhappy clients that were sold,
- 6:36this vision and a promise that could never be delivered as always just incredibly frustrating and demoralizing.
- 6:41I want to make sure that clients and everyone in the revenue team are actually set up for success,
- 6:47talking to the sales pipeline radio with Mason Cosby.
- 6:49He's the new director demand gen at Sales Assembly also check out his podcast,
- 6:54the marketing ladder really appreciated just the content in this,
- 6:57in the guest you get there as well.
- 7:00Um There are some people that are nodding vociferously as we talk about sort of a combined revenue team and revenue responsibility.
- 7:07But you and I both know,
- 7:08especially,
- 7:08you know,
- 7:09with your time at gravity and elsewhere like this isn't always The reality,
- 7:12this isn't always even like imminently possible.
- 7:15What are some of the common reasons?
- 7:17You see why marketing and sales can't operationally get along and what are some things that companies can start to do?
- 7:23Not just to improve the relationship,
- 7:25but really to improve the impact.
- 7:27It's very much a one plus one equal seven kind of a situation if you can do it.
- 7:31Right.
- 7:32I mean,
- 7:32practically I've now worked within sales assembly for,
- 7:37I think today is day 18.
- 7:40I have seen to no fault of anybody for different target account list that all had different criteria because essentially people go into a zoom info or an ample market or sales until they pull their own target account list.
- 7:53Based off of their own ideas of these are our best fit customers.
- 7:56So sales has got one.
- 7:57I got a different one from rev ops.
- 7:58I got a different one from a new salesperson that's bringing in kind of his network.
- 8:02And then I'm actually going through and essentially developing my own.
- 8:05So again,
- 8:06we've got all these different people that are building the target account list and again,
- 8:11they're married to it.
- 8:12They love this because this is their list.
- 8:14When in reality,
- 8:16there needs to be an objective view of who are the best fit customers.
- 8:20So I talked about this recently on linkedin,
- 8:22I think that everybody,
- 8:25you know what used to be the target account list.
- 8:26I think another way to frame and I love saying is new um turn around this from move is the total relevant market.
- 8:32So identifying who is the best market for us to pursue because especially sales assembly serves B two B tech,
- 8:41there's like 100,000 B two B tech companies.
- 8:44We've got to marketers,
- 8:45we got two sales people,
- 8:46we got four people.
- 8:47So if we all tried to go after 100,000 accounts,
- 8:50it wouldn't be very effective.
- 8:51But what we've done is created a total relevant market,
- 8:54About 2500 accounts.
- 8:57Like this is our pool to build out these segmented lists from for the next two or three years.
- 9:02And we're gonna make sure that we are doing some kind of always on demanding type programs that are making people aware.
- 9:10But then when we see specific surges and intent,
- 9:12when we see we've got some road shows and we can pull in specific contacts that are at these accounts,
- 9:18were being sure that all of our marketing and sales programming is focused and targeted tour towards an actual relevant market.
- 9:25And what that has done is brought alignment because it's large enough that everybody can kind of get around it and say this makes sense,
- 9:32but it's also focused enough that you can actually get everybody rowing in the same direction.
- 9:35So I think that there has to be the definition at the top of what is our total relevant market,
- 9:40how we're going to identify it and then how does marketing and sales actually partner to build out segmented list and specific campaigns,
- 9:49I guess.
- 9:50So smart and you're making me realize um that sales and marketing have a more problem,
- 9:56right?
- 9:56Like I've always kind of complained about the marketing of more than many companies.
- 10:00Just like we want more leads,
- 10:01we want more clicks,
- 10:02more likes,
- 10:02we want these up into the right charts more,
- 10:05sometimes these counterproductive in B2B alone,
- 10:09let alone complex sales situations.
- 10:10But you're absolutely right.
- 10:12That sales sometimes has the same more problem.
- 10:15We want to target bigger markets because it gives us more at bats.
- 10:18We want more leads even if just give our sales team a chance to sell.
- 10:22Whereas you're right,
- 10:24like you go from total addressable market to if you're watching,
- 10:27like my hands are getting closer,
- 10:29like from a total addressable market to serviceable obtainable market,
- 10:33which is a subset of the subset of what most companies think of as their target market.
- 10:37But that's a scary thing,
- 10:38Mason because now I'm saying I have fewer bats.
- 10:41I'm saying I'm going after a smaller market and I get nervous that if I can't convert enough,
- 10:47I'm not gonna hit.
- 10:47My number should not be talking to more people because then I can have more,
- 10:50better chance of hitting my number.
- 10:51It's counterintuitive,
- 10:53but that's actually not true.
- 10:55Yeah,
- 10:55if I may just add on that point,
- 10:57I was talking with our salesperson about this concept just yesterday.
- 11:01And the first thing he said is honestly what keeps me up at night as a salesperson is not who we're going after,
- 11:07but who I missed.
- 11:08So again,
- 11:09when you think about this idea that we're going to intentionally focus and limit it is somewhat intimidating.
- 11:16But what I also want to recognize is for a lot of B to B companies right now,
- 11:21they are still building in public.
- 11:23So they are creating organic content that reaches whoever that the algorithms let it reach,
- 11:28they've got their own database.
- 11:30What I'm just saying is yes,
- 11:32still do those things that have a wider net.
- 11:34But as far as okay,
- 11:36I want to send my salesperson to do direct outbound.
- 11:40How do we pull that list?
- 11:42I want to run an ad program on linkedin or on Facebook,
- 11:46sorry meta or on,
- 11:48you know,
- 11:48Google.
- 11:49How do we focus that?
- 11:51So we're not spending to reach 100,000 BTB accounts.
- 11:56But we're saying we want some brand awareness type ads,
- 12:00let's focus on our relevant market.
- 12:02So again,
- 12:02I,
- 12:03I couldn't agree more because again,
- 12:05to your point,
- 12:06when we focus,
- 12:07it feels like we're limiting the opportunities when in reality nobody's hopping on the call unless they feel like it's actually going to resonate.
- 12:16So when you focus,
- 12:17it resonates more and people actually hop on the call.
- 12:21Um So I've seen some companies and we have a,
- 12:23we do a version of this internally where we have a very distinct target account criteria.
- 12:28We've got our tight list and it's not just a set of criteria if you do this,
- 12:32right.
- 12:32Like it's not just filters,
- 12:34it's a real account list.
- 12:36So you should know exactly what companies you believe fit in that criteria and that's dynamic.
- 12:40Some people leave it,
- 12:41some people join it.
- 12:42Well,
- 12:43I've seen companies and we do this little ourselves have sort of three categories.
- 12:47We got proactive,
- 12:47reactive and no fly zone,
- 12:49proactive means.
- 12:50Here's the companies and our service will obtainable market that we're going after right now that we think we have a,
- 12:55we have a great product for there's reactive,
- 12:57meaning there's companies that I don't know if they're qualify or I don't see that they're qualified,
- 13:01but if they come to us and exhibit qualification traits,
- 13:04like obviously I will service them,
- 13:06I will sell to them,
- 13:06but I don't want our team to probably go after them.
- 13:08And then there's the companies that we have no business doing business with.
- 13:11Right.
- 13:12And then the definition of those are different for different people.
- 13:14But I think to recognize what does it take to be in each of those areas and sticking with those definitions until you make adjustments intentionally to change the,
- 13:24where the lines are.
- 13:25But what do you think about the concept of saying okay,
- 13:27like we have our service will obtainable market,
- 13:30but we're willing to sell to other people as long as they meet some of that criteria.
- 13:34Yes,
- 13:34I mean,
- 13:34I,
- 13:34I think practically um we are 100% aligned because,
- 13:38you know,
- 13:39when we are creating this organic content and when you really start to create great content,
- 13:45even if it's targeted and it's personalized,
- 13:47um there is still dark social,
- 13:49there is still um uh a ton of communities where people will start to talk.
- 13:54So again,
- 13:55I think of this addressable serviceable market as the absolute best fit potential customers.
- 14:01But then these other,
- 14:04you know,
- 14:04people that may come inbound,
- 14:06they're good fits,
- 14:08not the best fits,
- 14:08but they make for good clients will be able to help them.
- 14:11So again,
- 14:12I'm I'm on the same page on that front.
- 14:14I just think from a intentional targeting where we're gonna put our ad dollars,
- 14:18where are we going to do direct outbound and sequencing and who are we going to cater our content creation for?
- 14:24I think it's for the addressable serviceable serviceable market.
- 14:27But also knowing that by the nature that we're doing good marketing,
- 14:31other people will inevitably come in and we need to have a clear criteria around who is a yes and who is an immediate disqualification.
- 14:39So we just got a few more minutes here on this episode of Sales Pipeline radio with our guest Mason Cosby.
- 14:43He's new into a new role in less than two months into a new role.
- 14:47Um Also pending father.
- 14:49So congrats announced that last month,
- 14:51which is amazing.
- 14:51Um But like in a new role and sort of owning the full demand gen function without giving away your whole playbook.
- 14:59Like,
- 14:59what are the things that you start to prioritize as you look at?
- 15:01Like,
- 15:02what can drive maybe short term impact?
- 15:04What are the things that are building blocks for long term,
- 15:07having more predictable outcomes from the work that you're doing?
- 15:10What are some of the,
- 15:11what are some of the strategies you're using to build your go to market plan now?
- 15:16Yeah.
- 15:16So I'll one say if you want my full playbook,
- 15:19I'm actually very publicly documenting every single thing that I'm doing um through tiktok that,
- 15:24that,
- 15:25that has been reposted to linkedin and I've actually shared on linkedin the 30 60 90 with tactical execution that I built for my interview process.
- 15:34So again,
- 15:34I'm actually happy to give all of that away if anybody wants to message me on linkedin because you know,
- 15:40everybody talks about their secret sauce,
- 15:42but I had a previous boss.
- 15:43That's everybody's secrets office is really just 1000 island dressing.
- 15:46So again,
- 15:47it's the same strategy is the same playbooks.
- 15:49But how do you execute that for your business is the real clear differentiator.
- 15:52So with that,
- 15:54the the immediate things are we need to build a content engine that is publicly accessible.
- 16:00So sales assembly has provided,
- 16:03you know,
- 16:03for the past few years,
- 16:05upwards of 10 weekly trainings for 200 B two B tech clients.
- 16:10None of it has been publicly accessible.
- 16:12The amount of content that this company produces is absurd.
- 16:16So then how do we pull some of it out to then show the market the value that they could get if they were to buy an all inclusive membership.
- 16:24So its first building the initial content engine that is around from my perspective,
- 16:28these live type events.
- 16:30The second thing is then how do we create a repurposing engine?
- 16:33You know,
- 16:33we've got an incredible team over here.
- 16:36I mean,
- 16:36the former VP of REV ops at G two,
- 16:39we've got numerous like serial entrepreneurs and investors and portfolio advisors.
- 16:45We've got The best people in enablement that I've ever seen like this team.
- 16:49It's 15 people strong,
- 16:50but it's just some of the heaviest hitters I've literally ever seen in one space and they're so busy building that they don't have the time to actually share their incredible thoughts.
- 16:59So how do we then create pillars in which they can do that takes an hour or two a month from them?
- 17:06But then we repurpose that and actually turn them into thought leaders that are getting invited to speak.
- 17:10Because again,
- 17:10we're also an education company.
- 17:12We do learning and development.
- 17:13The best thing that we can do is start to educate the market on how they should be thinking about sales enablement,
- 17:18how they should be thinking about revenue learning and development.
- 17:21And actually starting to give them a taste of what our product looks like so that they actually buy that membership.
- 17:25So that's the crux.
- 17:27That's the basis.
- 17:27There's a lot more in that.
- 17:29Um Like tactically,
- 17:31we're implementing user gems because we have such good member carry over.
- 17:34So that when somebody changes the job,
- 17:36because the average cros changing a job every 18 to 24 months,
- 17:40if they views just for two years and move to a new company,
- 17:43we can maintain that previous relationship and go with them where they go.
- 17:46So again,
- 17:46thinking some of those practical tactical things,
- 17:49but really just comes down to great content,
- 17:51incredible thought,
- 17:52leadership and an intentional connection strategy on linkedin to continue to further grow our network so that we're starting to connect and become friends with our ideal customers and our target accounts.
- 18:03We try to keep these less than 20 minutes mason.
- 18:05I figure,
- 18:06you know,
- 18:06if I can get a podcast where if you cut,
- 18:08if you carve out half an hour to listen or watch,
- 18:11you get your content,
- 18:12you can go to the bathroom,
- 18:12you can get a drink,
- 18:13get back to work or you listen the whole thing on the way to the market and back.
- 18:16And you've done,
- 18:17I think,
- 18:17I think that like are engaging.
- 18:19They're also very disappointed that West Virginia lost while we were recording this,
- 18:22West Virginia lost by two points.
- 18:24They weren't like a big underdog like there was a nine against an eight but my brackets already messed up.
- 18:29So the struggle is real.
- 18:31So sorry,
- 18:32Matt.
- 18:33Yeah,
- 18:33it's okay.
- 18:34Um Well,
- 18:34listen,
- 18:34Mason,
- 18:35thank you for joining us today.
- 18:36If people want to learn more about you,
- 18:37I think you mentioned like you've got a lot of your go to market plans are very public.
- 18:41I know you do.
- 18:42You've got podcast,
- 18:42tiktok.
- 18:43What are some places people can go to check your stuff out?
- 18:45I mean,
- 18:45the main one is linkedin.
- 18:46Um I don't have a newsletter like linkedin.
- 18:49My linkedin feed is essentially just a constant stream of my thoughts.
- 18:53Anything going on.
- 18:54So if you wanna keep up to date on everything,
- 18:57go to linkedin,
- 18:58you can also find me on tiktok at Marketing Mason.
- 19:01You can find my podcast marketing ladder.
- 19:03Um But really like my,
- 19:05my main one is linkedin.
- 19:06So if you want to connect with me,
- 19:07talk with me anywhere,
- 19:09find me.
- 19:09They're awesome Mason.
- 19:11Thank you so much for your time today.
- 19:13Thanks everyone for listening and watching.
- 19:14We'll be back next week for another episode of sales pipeline ready.
- 19:17Until then.
- 19:17My name is Matt Heinz.
- 19:18We'll see you next week.
- 19:19Take care.