Latest / EGGS! The Podcast / Eggs 453: The Role of AI in Modern Marketing with Mike Snyder
Transcript
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- 1:32Hey, everybody. Welcome back to Eggs, the
- 1:33podcast. Today's special guest is Mike
- 1:35Snyder. Mike, thanks so much for joining
- 1:36us. Glad to be here, Ryan.
- 1:38Absolutely. Hey, let's, I guess sort of
- 1:41start at the beginning. Let's talk a little bit about
- 1:42who you are, where you come from, and why we're visiting
- 1:44today. Well, who am I?
- 1:47I'm a retired Marine Corps Lieutenant Colonel who worked
- 1:50all across the the world in public affairs and got into
- 1:53business, you know, while being a Marine Corps reservist and was
- 1:57very fortunate to have started and run several companies,
- 2:00including a a marketing consulting firm for the past,
- 2:03you know, 14 years where I've had the joy of working with
- 2:05hundreds of business owners all across the country from all
- 2:08categories in the commercial real estate now and just
- 2:12enjoying life in 2024. Yeah.
- 2:15No, that's awesome. Well, and it actually kind of
- 2:17maybe gives us a good place to start, which is relatively early
- 2:20in the year. We're taping this sort of mid
- 2:21January. We're just kicking off 2024.
- 2:24I wonder if we could talk a little bit about just sort of
- 2:26any trends or things that you've noticed in sort of the marketing
- 2:29landscape, but then also as it pertains to your expertise,
- 2:31specifically things that might be new or interesting or, or
- 2:34what's next. I mean, obviously we're hearing
- 2:36a lot about AI and things like that, but you know, what are you
- 2:39seeing playing out in the marketing?
- 2:40Well, you know, that's interesting, right?
- 2:42I mean, you know, I was there at least when the Internet was
- 2:45invented. I was there when cell phones
- 2:47were invented. You know, it's just funny how
- 2:49technology and even in the military, they teach you, right?
- 2:52The art of, of military war fighting follows the science.
- 2:56And in business, you know, the art of business follows the
- 2:59science. So yeah, AI, right.
- 3:01I'm not going to get into it. Hey, you know, it's computers.
- 3:05I mean, we all dealt with it in business.
- 3:07It'll be a new thing. You know, running is it is funny
- 3:10because, you know, I've been in the advertising and digital
- 3:12marketing categories, right. And so, you know, I was, I, I
- 3:15used to consult with clients on, on what their Yellow Pages ad
- 3:18should look like. And then I was also there when I
- 3:20said, stop buying a yellow page ad start this thing called
- 3:24search engine optimization, You know, and so, yeah, companies
- 3:27absolutely ought to be taking a look at AI.
- 3:29You know, it's on the radar. We're using AI in our, you know,
- 3:32in our businesses to, to write blogs and getting, you know,
- 3:35and, and digital art and stuff like that.
- 3:36And, and so it's impacting us. But really, you know, I, I would
- 3:40just say at the beginning of a, of an, of any new year, the, the
- 3:44strong question for any business owner, any business executive,
- 3:47any business manager out there, anybody who wants to aspire to
- 3:50any of those positions is how can we think strategically now
- 3:54that we've got 11 1/2 months to go rather than act tactically?
- 4:00Because that's the tail wagging the dog, you know, and AI is one
- 4:02of those tactical areas. Now it, you might even in a SWOT
- 4:05analysis considered a strategic opportunity or a strategic
- 4:08threat, in which case maybe it is strategic for you.
- 4:11But otherwise, it's just another tool like, you know, PPC or
- 4:15social media. And those tools are endless, by
- 4:18the way. Yeah, now I think that's
- 4:20actually a really great point, this idea of thinking
- 4:22strategically first and not acting tactically, I think
- 4:24especially as it pertains to things like AI or, you know, in
- 4:27this case it's AI. But you know, any marketing
- 4:30flavor, dujour, you know, whatever the new thing is,
- 4:32people tend to jump on it whether they need it or not.
- 4:34And you saw this a lot with social media early on, right,
- 4:37Which is, well, we've got to get a 14 year old to run Twitter for
- 4:39us because by God, we have to be on Twitter.
- 4:41And so you saw a lot of people jump into the marketing space
- 4:44using a tool like a Twitter or a social media platform or
- 4:47whatever, name your platform. And the reality was they didn't
- 4:52do any strategic planning prior. They're just like, oh, well,
- 4:54this is a new delivery channel, we need to use it and, and
- 4:56didn't really think that much about it.
- 4:58So I think that's a really, you know, great thing to sort of
- 5:00point out or talk about is this idea of thinking strategically.
- 5:04Yeah, it you mentioned the yellow page ads and it took me
- 5:06back to forever ago because I used to actually have them.
- 5:10I, I would, you know, people would actually like change their
- 5:15business name to start with an A to be first on the list and then
- 5:18pay for extra like a, you know, an inch by an inch larger actual
- 5:24ad in the placement and two or three locations under different
- 5:26titles. That was the strategy back then.
- 5:29Now it's all almost online. Are there any, any niches that
- 5:35you specialize in anything that you would?
- 5:38I've heard that like Google Adwords isn't the thing anymore.
- 5:41SEO isn't as important using AI to generate content and, and use
- 5:46that for your, your, your blog. And supposedly Google's found a
- 5:51way to actually determine that it's AI generated and not put it
- 5:55in search results. So there's, it's a very fast
- 5:59changing landscape and it's kind of like at the point, you know,
- 6:02two years ago we were talking about SEO, What, what do we do
- 6:05now? You know, like what's the the
- 6:06best? Approach, you know, that's,
- 6:09that's an interesting question, Mike.
- 6:11So, you know, let me just say, first of all, I'm a business
- 6:14owner and I outsource a lot of my consulting, my professional
- 6:18services, right? I try not to be a lawyer.
- 6:21I try not to be an accountant. I don't even like doing payroll,
- 6:24OK, with our 30 employees. And, and so, you know, when it
- 6:27comes to what you're talking about this rapidly evolving
- 6:31marketing communications landscape, I, I just look, you
- 6:34know, business owners, don't try to be the expert here.
- 6:38I'm not saying hi or us. I'm just saying get somebody on
- 6:42your side who really is proficient in all of those
- 6:45landscapes you're talking about, Mike, right?
- 6:47I mean, you know, it is amazing how often Google changes an
- 6:50algorithm and all of a sudden your SEO is all messed up.
- 6:54You know, you got to have professionals who are on top of
- 6:57it. And, and when I say on top of
- 6:59it, I don't even mean like, you know, with one company, I'm not
- 7:02talking about diversity of companies, diversity of
- 7:04industries, taking the learning the cross industry applications,
- 7:07whether it's all of these tactical areas you're talking
- 7:10about, you know, and, and getting it fixed before it's
- 7:13even an issue. So, you know, I think that's
- 7:15critical. I mean marketing, you know, it
- 7:17used to be about that Yellow Pages ad or you know, a
- 7:20television ad. And now it's not it's, it's a
- 7:23technology. Matter of fact, we like to say
- 7:24we're, we're ATES company, we're ATES industry.
- 7:28We're technology enabled services.
- 7:31You can't do anything in marketing anymore without there
- 7:33being some sort of application technology.
- 7:35You know, we spent hundreds of thousands of dollars a year on
- 7:38these technologies that aren't Google.
- 7:40And I'm not talking about media spends.
- 7:42I'm talking about, you know, the software, you know, that goes
- 7:45and facilitates and, you know, optimizes all of the executional
- 7:49areas. And it's, you know, for, for a
- 7:52retired Marine Corps Lieutenant Colonel, I'm like, you know
- 7:54what, give me the good old A's. Give me a pen and paper, you
- 7:57know, but can't do, can't go back.
- 7:58And so I've got a lot, you know, a lot of smart, you know,
- 8:01youngsters, so to speak, under 30 who, who live for this stuff.
- 8:05And so, you know, they're almost software engineers, honestly.
- 8:09But what's interesting too is like with the rise of different
- 8:11technologies and sort of the rapid spread of these things.
- 8:13I mean, if you really were to just kind of map out the last 10
- 8:16years in marketing, for example, I mean, there's you've gone from
- 8:20a few players to just a gazillion players, right?
- 8:22And so now there's this saturation in the market and I
- 8:26almost wonder or maybe it's because of my age, I'm hoping
- 8:28and praying that there's actually a reversion back to
- 8:32some fundamental stuff, some of the things that we learned,
- 8:34which we get a little bit distracted by the shiny new
- 8:36thing, right? This is the new technology.
- 8:38And like, after our conversation about tactical use versus
- 8:42strategic use, you know, we get into using these platforms
- 8:45because it's the thing to do, you know, hey, AI can save me a
- 8:48ton of time writing this article.
- 8:49You know, I'm not paying attention to the fact that
- 8:51Google's not crawling it because I've put out, you know,
- 8:55basically plagiarized, you know, article.
- 8:57Like I just had, you know, AI write it for me.
- 8:59And so, so we're not looking at the long tail effects of using
- 9:01these technologies, but rather just doing stuff to do stuff, it
- 9:04seems like. And so I wonder just given your
- 9:06experience in the industry, the amount of time you spent at it
- 9:09and now, you know, with your experience and just, I mean, I
- 9:12don't know how old you are. I think we're probably sort of
- 9:14contemporary. But like you've got this
- 9:17disparity between sort of your age and the age of the people
- 9:19who are coming to work from you. The things that you were exposed
- 9:22to as you proceeded through, you know, life for school or what,
- 9:25you know, whatever your trajectory was like versus what
- 9:27they're going through, what they're learning in college and
- 9:29the platforms are growing up on that sort of thing.
- 9:32There's such a dichotomy between your educations as it pertains
- 9:35to marketing. Are you finding that there is
- 9:37sort of a reversion back to just fundamental knowledge and that
- 9:40like all this new cool stuff is new and cool and maybe it does
- 9:44make some things easier, but at the end of the day, it really
- 9:46goes back to some marketing fundamentals?
- 9:49You know, that's really fascinating.
- 9:50So I've got a daughter, you know, and she just recently
- 9:53bought a record player and now, you know, she's spinning vinyl
- 9:56records, you know, and orange is back, I think, in carpets.
- 9:59I mean, this looks like the 1960s and 70s out there at Home
- 10:02Decor. I wish I hadn't thrown away all
- 10:03my 80s clothing. So, yeah, you know, things kind
- 10:06of come around and some things never change, you know, And so
- 10:10I'm, I'm classically trained in business, classically trained in
- 10:13marketing. OK.
- 10:14And there's a difference between marketing and marketing
- 10:16communications. Everything we're talking about
- 10:19websites and video and SEO and even AI, you know, is, is is
- 10:23marketing communications. It's how you execute.
- 10:25Take that off the table. You're asking the most important
- 10:29question I think in business and that is, you know, what is
- 10:32marketing and how do we how do we achieve it and excel in it.
- 10:37And a lot of business owners don't understand, they think
- 10:40marketing is that website and everything else.
- 10:43I call that all that marketing jazz.
- 10:46You know, when it comes to marketing, it's not, it is, it
- 10:49is the number one operation in the business.
- 10:52It's literally why does this business exist?
- 10:54What value are we creating that some customer out there
- 10:58perceives and will purchase at a profit to the shareholders?
- 11:02That's my preferred, you know, and you'll see a lot of the
- 11:05great thinkers out there, they have definitions around that.
- 11:07That's the one I've glommed onto.
- 11:09And so when it comes to marketing, you know, in
- 11:11businesses, it's like, OK, forget about what we did last
- 11:14year, this year in the changing competitive marketplace with
- 11:19changing consumers, whether in business, right, retail
- 11:24consumers, whatever they migrate, they move a little bit.
- 11:27How can we create value this year?
- 11:30And not just value, but differentiated value?
- 11:33I've, I've worked with a lot of companies out there and they
- 11:35don't know what they got, you know what I mean?
- 11:37They're talking about themselves like they were 1985, You know,
- 11:41they're, they've got so many opportunities to enhance their
- 11:44product, to upgrade their price. I believe in premium pricing.
- 11:48I don't believe in discount pricing unless you're an Ollie
- 11:51or something and that's your strategy.
- 11:52But by addressing the value that you're creating and
- 11:55differentiate that value, you're going to have a long runway for
- 12:01the next couple of years and what I like to call a Moat
- 12:04around your business. So here's a challenge question
- 12:06for your listeners. Do you have a Moat around your
- 12:09business filled with sharks with laser beams?
- 12:13Or are you, you know, in a bloody ocean, right?
- 12:19Yeah, no, I I think that that's a really great point.
- 12:22And actually I just made a note here, this idea about
- 12:24understanding the value you're bringing and and this idea of
- 12:27creating a mode. Actually I think we could have a
- 12:28little bit longer form conversation on each of those.
- 12:31You know, first of all, as it pertains to understanding value,
- 12:34I mean, obviously the big dogs, you know, have some idea or
- 12:36they've used metrics and figured out, you know, where they should
- 12:38price point in a very scientific kind of way.
- 12:41But I think for a lot of small businesses, they either
- 12:43undervalue themselves, which is they don't understand what
- 12:45they're actually worth in the market, or they overvalue
- 12:48themselves in which place there is no market for them.
- 12:50And so I wonder if do you have any thoughts on just sort of
- 12:53recognizing your value or being able to look at it, you know,
- 12:56outside of maybe just general comparison?
- 12:58I sell this widget, you sell that widget.
- 13:00We can kind of agree on a price. You know, I, I, so let's go back
- 13:03classical. I want to give two tools to your
- 13:05to your listeners. And both of these tools have
- 13:08just one label, right? Positioning is the first one and
- 13:11the second one is strategy. So, you know, there's cheater
- 13:15tools. Look, I'm, I'm a I'm a retired
- 13:18Marine officer and I got to tell you that KISS principle, keep it
- 13:21simple, stupid is all over marketing consulting in my
- 13:25world. It's like, you know, I'm not
- 13:27here to make them more difficult.
- 13:28I'm here to simplify stuff. So when it comes to complicated
- 13:31topics like differentiation, let's just talk about two tools,
- 13:34positioning and strategy, right? And so positioning is
- 13:38fascinating. You know, just imagine an X&Y
- 13:41axis. Now I'll just take our company.
- 13:42We were a startup, you know, in dog 2010 and we were in Wichita,
- 13:47KS and we were an advertising agency.
- 13:49So our X&Y axis look like, you know, advertising agency on the
- 13:52X and Wichita, KS on the Y Woo. You know, do you think we were
- 13:56differentiated? No, because we had 20
- 13:58competitors all around us. OK, So what we did is we said,
- 14:02you know what, nobody wants to hire an ad agency.
- 14:06You know, business owners don't even understand what ad agencies
- 14:08do. So let's relabel ourselves.
- 14:11Now. The insight here is just talk
- 14:13about yourself differently. So we became a new label on the
- 14:18X axis. Instead of saying advertising
- 14:21agency, which was our, you know, category and according to some
- 14:24government label, we described ourselves as an outsourced
- 14:28marketing department. And then we changed the Y axis,
- 14:31which used to be a geography and we made it a behavioral or
- 14:36psychographic. We like to say make your X axis
- 14:39product oriented and make sure make your Y axis market
- 14:43oriented. So we, we, we started a label
- 14:46called entrepreneurially minded principles.
- 14:49Entrepreneurially minded principles.
- 14:51There's no rule on what your labels look like when it comes
- 14:54to your positioning analysis, right?
- 14:57And so when we changed our labels, it moved all of our
- 15:00competitors from us into what we called the death quadrant.
- 15:03Did we do anything different operationally?
- 15:05No. Now what we did do though in our
- 15:07marketing, we differentiated ourselves and then we activated
- 15:11it in our marketing communications.
- 15:13So when we started talking differently, I mean prospects,
- 15:17we started killing it in sales because we were talking
- 15:20differently. And, and, and, you know, Bob and
- 15:23Henry running an, an industrial firm, you know, or a
- 15:26manufacturing firm would sit down and go, no one's talking
- 15:29like you guys. You guys are really making it
- 15:32simple for business owners to understand what you do.
- 15:35I don't have a marketing department.
- 15:36I want a marketing department or at least the resources that come
- 15:39with that. How much does it cost?
- 15:41Let's go. Yeah.
- 15:44No, I love that. And I actually, you know, even
- 15:45in my own business, this is something we've struggled with
- 15:47this concept of differentiation. I mean, we basically we run a
- 15:51subscription based design agency that's designed to support
- 15:54agencies like yours or big marketing companies, big ad
- 15:58agencies. Especially right now in a period
- 16:00of layoffs and things like this where you're seeing a lot of
- 16:02people coming and going in these different fields where basically
- 16:05we're a totally outsourced team with our own project management
- 16:08and our own design team and our own copywriting team or
- 16:11basically a little agency in a box and you can strap us on.
- 16:14We always say sort of like, you know, sharked pilot ship or
- 16:17pilot fish kind of relationship, you know, so we'll be your
- 16:20little guy and we'll just glom, glom onto you.
- 16:22And we're a little white label service, you know, on the design
- 16:25front. So, but I mean, I've been doing
- 16:27this since 95 and it's taken us that long to figure out who we
- 16:32are really. Because until then we've been
- 16:34every variety of creative agency, design agency, branding
- 16:38agency, you know, blah, blah, blah, blah, blah.
- 16:40And, you know, and we've tried all these different things.
- 16:42But the one thing I wanted to touch on is, you know, how do
- 16:46you reinforce this change, I guess, across the company?
- 16:48So we're kind of a small organization.
- 16:50We're just like what we call a virtual agency.
- 16:53So we have a couple core people in the middle and then we build
- 16:55out, you know, big networks of freelance providers that help us
- 16:58with all the other stuff. And so that way we can bring in
- 17:01the appropriate expert for the appropriate job.
- 17:04And so and that's the way we've decided to model our business.
- 17:06But for somebody like you that's got, you know, even 30 people in
- 17:09house, you know, how do you take this change, You know, going
- 17:13from, hey, we're an ad agency or hey, we're a marketing agency to
- 17:15now this entrepreneurial focused language, you know, from the top
- 17:19down. How do you do, I guess, inject
- 17:22this new ethos into your people or get them to talk about you in
- 17:25this new and exciting way? You are, you are, you are
- 17:27pivoting big time and you know, you're going into the really
- 17:30hard stuff, which is managing people, you know, And so I, you
- 17:33know, I say, you know, and there's a book where all this
- 17:36is, by the way, you know, Ryan, the, the, the, the tools, the
- 17:40models and all the resources. But one of the chapters, the
- 17:43final chapter in the book is basically all about what you're
- 17:45talking about. And how do you, how do you get
- 17:47this change to happen? And who owns it?
- 17:50Well, who owns marketing, right? It's, it's got to be the
- 17:52business owner or the president that is hired, you know, to run
- 17:55the business. And that's who owns marketing
- 17:57and that's who owns the culture. Now, look, I'm a servant leader.
- 18:00I believe in servant leadership, which is, you know, you get
- 18:03people involved and you, you let them have a say at the table and
- 18:06you know, you seek their insight at the same time, you know what
- 18:09I mean? Because that I mean, Marines,
- 18:11you got to look at, I'm sorry, I can't talk about marketing and
- 18:14the Marine Corps separately. They're together because you're
- 18:16both trying to win campaign and win, right, using the tools that
- 18:20you got, tools that you don't even have.
- 18:22So, you know, when it comes to Marine officers, they're
- 18:24supposed to know their people like their children.
- 18:27They're inside and out. And then you know what they got
- 18:29to do? They got to say go assault that
- 18:31machine gun nest. OK, so in business, it's the
- 18:33same thing. I'm going to know you inside and
- 18:36out, but at some point I'm the boss and this is what we're
- 18:39doing, period. And so when we a case in point,
- 18:42I've seen this a couple of times.
- 18:44Oh my gosh, it's so fun to see this in action because it's kind
- 18:47of scary and thrilling. Like, you know, you got popcorn,
- 18:49you're watching a movie. How is this going to end?
- 18:51And so when we did our, our, our, our positioning
- 18:54redirection, as, you know, our company, we had people quit.
- 18:58Well, I don't want to be that. I want to be an ad agency.
- 19:01I want to have all these fanciful designs and make
- 19:03everything really pretty. And we said, no, we're not that.
- 19:07We're the marketing department for, you know, companies that
- 19:10one straight business, but differentiated and somewhat
- 19:14creative, but not that way. And so we people walk out the
- 19:17door. And then we had to change how we
- 19:20were recruiting account service people, right?
- 19:23The, the, the young marketers working because, you know, they
- 19:25had to be oriented towards a principal and not a marketing
- 19:28director, blah, blah, blah, blah, blah.
- 19:29And so it did, you know, change the way that we ran the human
- 19:33side of the business. And if they didn't like it or if
- 19:36they didn't see themselves like that, well, there's the door,
- 19:39you know, And so eventually, if there's going to be a hard turn
- 19:42in the business, and we, we've talked about positioning, we
- 19:45haven't talked about strategy yet.
- 19:47You know, look, I mean, I'm not saying fire somebody's been
- 19:50loyal to the company for 30 years, but if they can't make
- 19:53the turn, you're going to have to get him off that management
- 19:55team or just have a real honest conversation, you know, and say,
- 19:59look, we're we, we, we thank you for your, your naysaying.
- 20:03We're past that stop. Right.
- 20:07Well. I think I think that's really
- 20:09smart. I mean, I think there's so many
- 20:10businesses that actually don't go through with the pivot
- 20:12because of employees say versus, you know, following through a
- 20:16sort of their, you know, hopefully leadership who is
- 20:19hopefully visionary, you know, so I mean, they're, you know, if
- 20:22they if they're not willing to go along, it is, you know, I
- 20:24mean, obviously you don't want to fire people just need, you
- 20:26know, for no, no good reason. But I mean, alignment is such a
- 20:29big part of a successful business that you know, if you
- 20:32don't have that, then it's a problem.
- 20:33Yeah, there you go. I mean it, it sounds good in the
- 20:35book, getting all the right people in the bus, getting all
- 20:38the right butts in the chairs, but it's really hard to do it
- 20:43and to sustain that conviction culturally, for instance, right.
- 20:47Let's talk about culture first for for a second.
- 20:49So, you know, most companies have lousy cultural documents.
- 20:53They they have no cultural strategy.
- 20:54You know, we got ours from Netflix years ago.
- 20:57I mean, it was 120 page PowerPoint that we came across
- 21:01on how to maintain, you know, an entrepreneurial culture in the
- 21:06face of growth and, and to avoid chaos and, and creating too many
- 21:09rules, blah, blah, blah, blah, blah.
- 21:11You know, and, and their strategy was this, this thing
- 21:14called stunning colleagues. But we stole that.
- 21:16Thank you very much, because they, they probably spent
- 21:18hundreds of thousands of dollars on this, you know, cultural
- 21:20statement and we got it for free because somebody put it on the
- 21:23Internet. And so, you know, our company's
- 21:25culture, our strategy is and ask yourself anything that is, you
- 21:29know, what is your strategy for your culture?
- 21:31Ours is stunning colleagues, right?
- 21:33The strategy statement should be no longer than 3 words short.
- 21:37Anything longer than that, like, you know, all our culture is
- 21:39about having people of integrity who provide value for our
- 21:42clients, the price points they can.
- 21:44That's not, that's not a culture, that's nothing
- 21:46actually, you know, it means you're in business, you're
- 21:49honest people. Thank God you're not criminals.
- 21:51Why, why put that in your cultural statement, You know,
- 21:54and so we're like, no, we're, we're, we're a culture of
- 21:56stunning colleagues. You know, we make mistakes, we
- 21:58clean up quickly. You know, we maintain by the
- 22:01edge. You know, we're not going to
- 22:03tolerate mediocrity. Mediocrity gets fired.
- 22:05I mean, you know, that's, that's a direction people go.
- 22:08I want to aspire to that. And so, you know, part of if
- 22:11you're going to have organizational change, you
- 22:13really need to have a cultural statement and or a strategy that
- 22:16supports that. But that's complicated and that
- 22:21takes that may take some time to get to.
- 22:24Yeah. Sure.
- 22:28So we talked about positioning, let's talk about strategy.
- 22:32You brought it up. All right, Yeah, marketing
- 22:35strategy is really tough to get your mind around.
- 22:40Although I got a cheater tool for you.
- 22:42And this cheater tool in America at least, is really, really,
- 22:46really, really, really works. Then I have an example.
- 22:51The cheater tool is one word when it comes to developing
- 22:54marketing strategy, and it's called easy.
- 22:59How do we make it easy for our customers, our clients?
- 23:03I don't care what category you're in now, you know, your
- 23:09listeners are probably thinking, whoa, what does that mean?
- 23:11I got to augment, I got to change our core product or
- 23:13service. Maybe, you know, there's the
- 23:14four PS, right? Classical marketing, product,
- 23:18price, place and promotion. So yeah, if you want to take
- 23:22your product and you want to make it easier, you can't.
- 23:25You want to make your price, for instance, just take a couple of
- 23:28cases in point and these are all strategies.
- 23:31So we, we took our, we were very early movers and taking
- 23:36marketing services and putting it on a subscription, a flat
- 23:40monthly subscription. And I'm not talking about hours
- 23:43that eventually at the end of the year get chewed up.
- 23:45No, we committed to let's just say $5000 a month and, and my
- 23:50God, I mean, initially we were losing our shirt on the
- 23:52subscriptions because they're operationally we had to train
- 23:55our people to fit their time into that, for instance, right?
- 23:59That is a strategy underneath the pricing.
- 24:01Let's just go to promotions, right?
- 24:03Promotions is really how you talk about your company, how you
- 24:06communicate and you know, messages to your to your
- 24:09audience. I need to use a manufacturing
- 24:12example. So I was working with this
- 24:15custom tool manufacturer, meaning, you know, if you needed
- 24:19a tool, you know, a custom cutting tool in your
- 24:22manufacturing company, my client would manufacture that for you.
- 24:27And he was going off one day, you know, really capable
- 24:31company. And he's like, you know what,
- 24:33People just don't understand that.
- 24:35They go with our competitors, it's going to take them three
- 24:37months to get this custom cutting tool.
- 24:39We can get it to them in three weeks.
- 24:42I went whoa, whoa, whoa, stop the horses.
- 24:46It sounds to me like you are making this really easy for your
- 24:49customers and prospects, but you're not telling them.
- 24:52They weren't saying that they were like, oh, we've got high
- 24:54quality tools, you know, and we're competitively priced
- 24:57because that's what everybody is saying.
- 24:59So we, so really quickly, we went through the positioning
- 25:01analysis, right? We changed their labels as to
- 25:03how they communicate. Then we went out into the
- 25:05marketing communications. We developed a new tagline for
- 25:08them. Boom, boom, boom from one
- 25:09meeting with this guy and and their tagline became three
- 25:13weeks, not three months. And all of a sudden they had
- 25:18$1,000,000 accounts targeted for years within 90 days got a new
- 25:22account, $1,000,000 account. And why?
- 25:24Because they used the cheater tool thinking, if you will, how
- 25:28do we make it easier? They were already doing it.
- 25:30It wasn't anything they had to start doing.
- 25:31They were already doing it. Well, time, speed, speed of
- 25:36production, right? And so speed became their
- 25:40communication platform and and they won just by changing the
- 25:44way they were talking about their company and they had it in
- 25:46their pocket the entire time. They just don't know.
- 25:49A lot of times folks just don't know what they got.
- 25:52Yeah. I can see that stuff.
- 25:55Yeah, No, I think that's true. And I think, you know,
- 25:57especially that example is really good because you do get
- 26:00kind of lost in a sea of marketing and advertising and
- 26:03stuff that always kind of looks the same, right?
- 26:05I mean, it's it's always stating the obvious, you know, or I
- 26:07guess the expected, right. I mean, you're telling me you're
- 26:10good quality, but like, no duh, if you're not good quality, what
- 26:13are we doing? Or if you're not, you know, the,
- 26:15the best whatever, or that, you know, if you can't do X, you
- 26:18know, like, I mean, this is the whole thing that we're buying
- 26:19you for. Like of course, like those are
- 26:21all the Givens, you know, but what can you do?
- 26:23That is the thing, you know. And so in this case, it was
- 26:25time, but I think it's really important to to be able to.
- 26:28Let me let me clarify one more thing on that that's really
- 26:30important because you're just kind of talking about tactics
- 26:32and kind of going back into the good old days.
- 26:34So they were captive and I know this is going to speak to a lot
- 26:37of your a lot of your listeners. So their sales team was captive
- 26:41to purchasing managers. These, these large clients of
- 26:44theirs are prospects. They thought their customer was
- 26:48the purchasing manager because the purchasing manager would go
- 26:50out with an RFP, right. And so purchasing managers are
- 26:54concerned about cost, not even speed necessarily.
- 26:57They're there to get the lowest cost.
- 27:00So when we came out with this new strategy called speed, we
- 27:04said to them, who does that talk to?
- 27:07And they said, well, that talks to the operations managers and
- 27:09maybe even the CEO is the presidents.
- 27:11I said, well, do you have a communications program for them?
- 27:15Well, not really, no. But I mean, we've got emails and
- 27:17we've, we just never really, we've been communicating with
- 27:19purchasing managers. I said, we'll start talking to
- 27:22those people. And we even included a direct
- 27:26mail. We, we started sending letters
- 27:28because you know, they open letters and they may not get the
- 27:31e-mail, but emails and letters. And that's how we had turned
- 27:35their community educations program around based on that new
- 27:38strategy. But I just thought that was
- 27:40brilliant. I mean, look, it's a
- 27:41collaborative. A Harvard study said three
- 27:45people make a genius. Take any three people off the
- 27:47street and they can they can pass the Mensa test, the genius
- 27:49test. And so, you know, you get, you
- 27:51know, you know, a diversified team in a room, meaning like the
- 27:55marketing partner, the principal, maybe an employee.
- 27:58And some really brilliant things can happen very quickly.
- 28:04Yeah, so I'd like to circle back to some of the discussion we had
- 28:06earlier about creating a Moat. And I think that this might help
- 28:09with some of our positioning talk and and these other things
- 28:11we're talking about now, which is building this Moat and
- 28:13finding your your competitive difference, right.
- 28:15In the case of the example you just gave, maybe their
- 28:17competitive Moat is this ability to to deliver their product so
- 28:21much more quickly than other people.
- 28:23But if you've got, you know, something that's sort of common
- 28:26in the market, you know, or if you are, you know, are looking
- 28:29for a way to differentiate, do you have any tools or ideas it
- 28:32might help people specifically with that differentiation or
- 28:35standing out? You know, it's so funny, right?
- 28:37Let me just, I buy professional services.
- 28:39So I've been telling my law firm, a very large law firm, you
- 28:42know, like, you know what, I want to buy a lot of stuff from
- 28:46you. I just don't know what to buy.
- 28:48I'm sure that my business has all kinds of legal needs, you
- 28:51know, And so, you know, and I said, I think I, I need, I need
- 28:55to have my contracts reviewed. I need to have some estate
- 28:58planning done. I think I need to have, you
- 29:00know, this, that and the other looked at and I here's how I
- 29:03want to do it. I want to do it, you know, over
- 29:07a year or two. I want to pay you guys a set fee
- 29:10because I can't, I can't be talking to you guys when I get
- 29:12a, you know, 5 figure bill up just wantonly.
- 29:16Can you devise a program for me now?
- 29:19Now it's a rare prospector customer that will be that
- 29:22candid with a provider, right? And I'm talking about something
- 29:26really critical here. And that is just strategic
- 29:29listening. You could, you could say
- 29:30listening, but most of the times we listen to talk, I'm listening
- 29:34to you so I can have a response. I may not actually be listening
- 29:38to what you're saying. I'm just devising what I'm going
- 29:40to say. So I, I like to put strategic
- 29:42listening in front of that, you know, so it's like, am I
- 29:45actually listening? And look, I mean, this is basic
- 29:48stuff, but if you're a president or, or senior exec out there
- 29:51listening, when's the last time you actually listened to a
- 29:53customer? Or are you getting your
- 29:55listening to your sales team? Are you getting your listening
- 29:58to market research? Just go talk to a real human
- 30:02and, and say, how aren't we servicing you or in this
- 30:05category that we're in whatever category you're in, you know,
- 30:08what is lacking? What, what should our entire
- 30:10category be providing that, that we're not like that law, that
- 30:14law firm example I gave you. Heck, you know, I'm, I'm an
- 30:18enlightened consumer. So I actually try to give
- 30:20businesses the benefit of the doubt.
- 30:22Like we, we, we use an HR O and you know, we're PEO outsourced
- 30:27HR management and all that stuff.
- 30:29And I have gone to them and I'm like, Hey, do you have any tool
- 30:32online tool so we can organize or HR online that we don't have
- 30:36that. Hey, do you have any kind of,
- 30:37you know, interview package, you know, that would help us?
- 30:40No, we don't really have that. We just do payroll and HR
- 30:43management. Well, I go, well, don't you have
- 30:45any of the other stuff, you know that that surrounds HR?
- 30:48You know, I asked our law firm, can't we have an online portal
- 30:52with all the documents? Because I can't, I've got to
- 30:54find my articles of incorporation.
- 30:56Where is it W 9 and all that. No, we don't do that.
- 30:59So, you know, if you're listening and a lot of times the
- 31:02advantage and differentiation is making it easy for your
- 31:05customers by providing some of these basic, you know,
- 31:08associated services, you know, and it's it doesn't have to be
- 31:12expensive or heart listen to your audience and give the
- 31:15people what they want. I think is that hard?
- 31:22I think the the kind of what it's breaking down to is just
- 31:25the whole communication process. I think we live in a, in an age
- 31:29where, you know, even dating, it doesn't involve communicating
- 31:33anymore, involves swiping and reading profiles and deciding
- 31:36beforehand and, and bias judgments before you even meet
- 31:41the person and have a conversation.
- 31:43You you, you're the face to face and, and actually talking to
- 31:48people and having a conversation and you're, you're listening,
- 31:53you know, like actually listening, not listening to try
- 31:57and come back instantly. I think that's a lost art.
- 32:00I think people don't really have that that skill anymore.
- 32:03And I think it has a lot to do with, you know, the online
- 32:08community aspect of things and the short attention spans of
- 32:12people these days. And so I feel.
- 32:14Less right or Mike, I want to I want to, I want to pound that
- 32:16home real quick, OK, because you know, you're right and that is,
- 32:21you know, people are busy. So the, it's really fascinating
- 32:24because the enemy of easy is busy, OK, the business owner is
- 32:31busy. And because they're busy, it's
- 32:33very difficult for them to slow down and think easy.
- 32:36They're thinking complex, complex, complex, complex,
- 32:38complex, solve problems, solve problems, problems, right.
- 32:40So when I went to the owner of that HR firm, not a small
- 32:42company, big company, and I said, look, can't you just
- 32:45provide some sort of a software solution so that we can have all
- 32:48of these, you know, our performance reviews saved online
- 32:51and people can review one another and give praise on, you
- 32:54know, he was blank. He wasn't prepared to listen to
- 32:57that. And he said, no, that'd be
- 32:58complicated for us to do. But he wasn't thinking about the
- 33:01Moat. First of all, if he had done
- 33:05that and no one else is doing that, then guess what?
- 33:08He is increasing his his retention of this account.
- 33:12It's becoming sticky. The claws are getting into the
- 33:16client, right? And but they don't look at it
- 33:18that way. They're not thinking retention.
- 33:20They're thinking acquisition. I got to sell something today.
- 33:22Well, the number one rule in revenue was don't lose the
- 33:24clients you got, OK. And then also, you know, it may
- 33:28be a small thing, but in, in, in, in, you know, in America, we
- 33:32have first world problems and I got employees and managers on my
- 33:35butt who want an online, you know, solution.
- 33:38I'm willing to pay for it. So I, I even told him, I said, I
- 33:42will pay you more money. Just tell me how much I got to
- 33:44pay you. Isn't that amazing?
- 33:47So premium price point, client retention, client delight.
- 33:51And he said, no, I'm not the only company out there.
- 33:55God, every company needs an HR management software and you
- 33:59know, HR OS, no. It's true and I and I think
- 34:01like, yeah, and I think like Mike's saying about just
- 34:04communication in general and being a lost art.
- 34:07I think is right too, is just that we've we've crafted this
- 34:11society and and you you know, it's funny that we're hitting
- 34:13busy so hard because I think a lot of us are busy, but it's
- 34:15like artificial busy. We're not busy with real stuff.
- 34:18We're busy with Instagram, we're busy with social media, we're
- 34:20busy with all the the conveniences that technology has
- 34:24brought us has actually made everything so easy individually
- 34:27that collectively it's very busy.
- 34:29And so we're caught up doing a lot of stuff.
- 34:31You know, maybe Mr. CEO is busy. Maybe he's got to get to the
- 34:34bank and he's got to talk to the financiers or the the investors
- 34:37or, you know, maybe he legitimately has stuff.
- 34:39But you're, you're, you know, run-of-the-mill, you know, small
- 34:42business owner, you know, who, who is wearing a lot of hats and
- 34:45doing a lot of stuff can be easily overwhelmed with all this
- 34:48stuff, you know, so there's a little bit of like an artificial
- 34:50busyness. Also, I think we, you know, also
- 34:53to Mike's point, our crafting society where we communicate in
- 34:57little bits and bytes and we try and be clever and we're just,
- 35:00you know, we're too busy thinking about the response
- 35:02before we, you know, even hear the question.
- 35:05And so we're crafting a society where that doesn't work as well.
- 35:09And so I wanted to ask, you know, I mean, for as far as like
- 35:12a marketing tool and a channel and like, I mean, for a lot of
- 35:15businesses, I mean, the social media, and this is a really
- 35:18broad question. So don't worry, you don't have
- 35:19to have the answer. But I mean, is social media or
- 35:22digital marketing more generally a good idea for most small
- 35:26businesses? Meaning, or really the question
- 35:28I'm trying to get to the bottom of is, would we all just be
- 35:31better served to go back to the olden days and talk to people
- 35:34and have human interactions and build relationships, you know,
- 35:37kind of in a traditional way, you know, versus maybe the
- 35:40broader reach of a digital marketing way?
- 35:42You know, because like I just look at, you know, again,
- 35:44looking at my own business, I'm going, OK, well, like I'm not
- 35:47going to win a lot of business on social media because I have a
- 35:49complex product or an important product.
- 35:51And I need to have a conversation with some agency
- 35:53owner or creative director or an executive manager of some
- 35:56variety who's going to talk to me about their, you know, agency
- 36:00has got overflow and we need some creative resources.
- 36:03You know, so I mean, so like, I'm going to have to have a
- 36:04conversation with somebody. They're not going to see me on
- 36:06Twitter and be like, OK, well, we're going to fire off that
- 36:08$15,000 check. Here you go, buddy.
- 36:11It's just not gonna work for me. So I'm wondering if in general
- 36:14terms, do you feel more strongly or more powerfully about human
- 36:18interaction or sort of getting back to some fundamentals again,
- 36:21this idea of better communication and things like
- 36:23that. Wow, We're going to be just fine
- 36:26if we just kind of keep pushing the digital line.
- 36:28Well, let's just, you know, it's, it's, it's, it's not a yes
- 36:31or no kind of response. It's a shape, it's a shaping
- 36:34response. You know, you know, you, if you,
- 36:36if you, if you shoot, you know, your rifle all directions with
- 36:41the bullets, you know, you're going to hit something, but
- 36:43that's going to be very expensive and it's going to take
- 36:45more time and look stupid, right?
- 36:48At the same time, you know, never forget, I think it was
- 36:50United, that old United commercial, you know, where
- 36:52like, yo, you know, where we've forgotten who our clients are.
- 36:55And so the sales team at United that we're getting airline
- 36:57tickets on their own to go and see their, their clients, right?
- 37:01So on one hand, you've got social media, on the other hand,
- 37:04you've got your sales team, for instance.
- 37:06Well, So what, which is more important?
- 37:08So there's two things to bring up. 1 is called media richness
- 37:11theory, you know, and it's a marketing principle which says,
- 37:14of course, meeting face to face conveys more information than a
- 37:18letter or an e-mail. And it's just because of course
- 37:22we can see hand gestures, face gestures, you know, non verbal
- 37:26communication conveys a crap ton of information, not just words.
- 37:31On on the other side is the decision making process, right?
- 37:34There's a model for that and it says that people have to go from
- 37:38awareness to understanding to interest to desire to purchase,
- 37:43purchase and repurchase. A six step decision making
- 37:45model. And so yes, on one hand, you
- 37:48know, the classical approach of having people talk to people is
- 37:51going to be most effective. At the same time, it's going to
- 37:54be towards the end of the decision making funnel, not the
- 37:57beginning. We know that 75% of businesses,
- 38:01business owners do their purchase research before ever
- 38:05contacting A salesperson. So therefore, I come to the end
- 38:08of my answer, you have to have a broad marketing communications
- 38:12platform to give the people what they want.
- 38:14They want the ability to research stuff online 1st.
- 38:19And so, you know, it should all lead towards communication with
- 38:23a very well informed salesperson who knows, you know, they've
- 38:28done their research and now we're going to go in for the
- 38:30closing decision. Now, when it comes to marketing
- 38:32communications, unfortunately, the answer for most businesses
- 38:36is you have got to be putting out content all the time.
- 38:39And that don't mean just like blogs or social media.
- 38:41I'm talking videos, you know, talking about, you know,
- 38:45research papers, I mean, whatever that looks like.
- 38:47But you got to be putting out a lot in rich media format, audio
- 38:52files, podcasts, videos, you know, and not just like product
- 38:56videos. It's like, look, man, let's
- 38:58let's I want to have a have a video series featuring your
- 39:01engineers. Have your engineers talking
- 39:03about this process or their background or anything that
- 39:08differentiates. Because if you know, if you're a
- 39:09manufacturer, for instance, and your competitors aren't doing it
- 39:12and I know they're not, but you are, you know, and your
- 39:16prospects are like, I like the way that engineer thinks.
- 39:19I need that kind of perspective on my team and the sales team.
- 39:22They're not going to be preaching up their engineers.
- 39:25So let marketing communications do the work and that might be
- 39:28under a strategy cuz everything you do ought to be underneath
- 39:31the strategy. Yeah, I was gonna say, and that
- 39:33kind of lends back to that idea of strategy, right?
- 39:35So it isn't, you know, like you said, it's not a yes or a no.
- 39:37Do we use digital marketing or in person marketing?
- 39:40It's both. And you know, but what do we do
- 39:42it for, right. So we're meeting in person
- 39:44strategically because it makes sense to rub elbows with people
- 39:47every now and then and look people in the eye, where we also
- 39:50can use marketing channels, Twitter's, Facebook, so, you
- 39:53know, social media or whatever to share content, but not
- 39:55content for content's sake, rather content that feeds a
- 39:59strategy. So we want to show how great our
- 40:01engineering team is or we want to humanize our our back, you
- 40:04know, back end people you don't really see or we want to, you
- 40:07know, yeah, any of those things. I was actually going to say
- 40:10something about that, Ryan, because creating content for
- 40:13content's sake is a huge pet peeve of mine.
- 40:16There's a banking institution that I follow here locally.
- 40:21It's a local smaller kind of, you know, credit union kind of
- 40:25thing. And they just, they'll, they'll
- 40:27walk up to their tellers and do some TikTok dance.
- 40:31And it's like, how is that serving me as a customer?
- 40:34How is that helping me learn about your home equity loan, you
- 40:40know, your whatever services you provide?
- 40:43That kind of marketing drives me nuts.
- 40:45Something that could actually. Be it could actually be working
- 40:48against you, right. In your case, you're turned off
- 40:50by this. And so getting that that
- 40:52message, I mean, you might look at that and go, God, these guys
- 40:54aren't very professional. I mean, can I trust them with my
- 40:56home equity loan? Like, you know, could actually
- 40:58work to their detriment if they're not actually, you know,
- 41:01pursuing a strategy that makes sense.
- 41:02Yeah. So and if I mean just there's go
- 41:06ahead. As a marketing guy, I can tell
- 41:08you, so I would hope I love your example, right?
- 41:11Because you're talking about a tactic that, you know, outside
- 41:14of strategy doesn't make sense. But if I were to go to their XY
- 41:17axis and their product, look, they, they offer banking
- 41:20products, right? So let's just say that there's
- 41:22no real differentiation there. So the differentiation in their
- 41:25products on their product axis could be the label could be
- 41:29likeability, the likeable bank, the bank people like the place
- 41:33people like to bank at likeability like like like now
- 41:36the tactical execution of a strategy of likability is, is
- 41:41that TikTok like thing? But at least they can, they can
- 41:44communicate that, you know, and hopefully it's, it's, it's
- 41:49uniform. It's it's it's broad their
- 41:51execution. They're executing against a
- 41:53likability strategy broadly. So it wouldn't be as weird as
- 41:57just seeing this world. What the heck?
- 41:58Well, until that end, right, I mean if they if the company was
- 42:01supporting that all the way through, right.
- 42:02So again, back to our strategy and our positioning
- 42:04conversations, you know, I mean, if their position is the company
- 42:07who's likable and a little bit silly and their commercials or
- 42:10the ads that they put out or a little tongue in cheek or
- 42:12whatever. And if it's the personality of
- 42:14the brand, well, then it doesn't seem odd at all.
- 42:17It won't bump you, you know, But if the problem is that they seem
- 42:20very professional, all their ads are in business suits and they
- 42:22look like they're ready to just do serious business.
- 42:25And then you've got, you know, the secretary Molly down the
- 42:28down the hall doing a TikTok dance in the way you're going.
- 42:30Well, what's going on with Molly?
- 42:31Like how come she's not as serious as everybody else, you
- 42:34know? And so I mean, so I guess to all
- 42:36the points that we've made throughout this conversation,
- 42:38you know, positioning and strategy are, are sort of the
- 42:42keys here, right? Because this, it really is, it
- 42:45changes the tone entirely of what this, you know, this stupid
- 42:48social media content is, right. I mean, if they're funny people
- 42:52and we know them as funny people, it's not weird when they
- 42:54be funny. That's correct now, and you
- 42:56know, and by the way, I mean, marketing can be complex, right,
- 42:58Because there's the retail division of the bank and maybe
- 43:00they, so even your divisions can have different strategies.
- 43:04You know, so maybe the retail division is likability and
- 43:07meanwhile maybe the commercial division is all about, you know,
- 43:10education. So you know, because I've had
- 43:13very few banks actually educate, right?
- 43:15So it's like, what aren't banks doing?
- 43:16Well, they need to educate you on balance sheets, educate you
- 43:19on P and LS, educate you on cost cutting.
- 43:21They're not doing any of these kinds of things that contribute
- 43:24to a healthy P&L. So what you can qualify for
- 43:26their damn loan, right? OK.
- 43:29So you know, even your product divisions can have different
- 43:31strategies. Yeah, Nope, I think that's
- 43:33right. And it, and it's probably good
- 43:34to kind of point out the nuance there that it's not always so
- 43:37simple. You know, maybe in the, in the,
- 43:39you know, in the OR through the frame of, you know, the small
- 43:42business that makes 1 widget and this is our thing.
- 43:45You might have a little bit more simplistic approach where if,
- 43:48yeah, I mean, if you're a marketing company, obviously the
- 43:50commercial guys are are lending to different folks than the
- 43:53retail guys. So, you know, so it makes sense
- 43:55that they have alternating strategies or different
- 43:57strategies, or maybe there's like a global brand strategy and
- 44:00then there's different by division.
- 44:03Totally lots of. Different ways to look at that.
- 44:05So I wonder, we're getting into maybe the last quarter hour
- 44:08here. I wanted to talk a little bit
- 44:09about you've got a new book out, the Great Marketing Lie.
- 44:11I wonder if we could talk about your book and just sort of what
- 44:15one might find in it and a little bit about the process of
- 44:17creating that. Well, so interesting.
- 44:20Thank you for asking that. So there's a story behind it.
- 44:22So I had a, a great opportunity several years ago to teach an
- 44:25MBA class right at a, at a, at a regional university.
- 44:31And so they gave me this book to teach from.
- 44:33And it was, you know, about strategic marketing and it was
- 44:36800 pages. You know, I didn't have
- 44:39marketing, you know, in this MBA class, you know, they were full
- 44:42of purchasing managers and HR managers and accountants and
- 44:46lawyers. And, you know, none of them were
- 44:48were marketing people. And I'm like, damn.
- 44:51So, you know, it was like death by marketing definition, 800
- 44:54pages of just, you know, you need to know this, You need to
- 44:58know that you need to know this. And the one thing that the book
- 45:00really didn't teach were the fundamentals.
- 45:03Not in any kind of clear way. And frankly, I did not even
- 45:06concur with some definitions of marketing plans or marketing
- 45:09strategies. You know, a lot of times people
- 45:13make things really complex. And that's where the title of
- 45:16the book came from. Because I took my curriculum,
- 45:18you know, and, and my class was scored the top class out of the
- 45:22entire MBA program because I just didn't teach the damn book.
- 45:25I, I taught what really works in the real world.
- 45:28And so I still taught, I gave quizzes on the book.
- 45:30Don't worry if you're listening. They're Newman University
- 45:31people. But, you know, that that
- 45:34curriculum became the basically the seller, the outline for this
- 45:39book, the great Marketing lie. And I'll tell you what the lie
- 45:41is because, you know, our entire world conspires, you know, maybe
- 45:47guys like Simon Sinek, you know, or the fellow who brought the
- 45:50purple cow, forgot his name. They actually boil it.
- 45:52Yeah. Thank you, Seth Godin.
- 45:54You know, they actually boil it down.
- 45:56They get it. But, you know, when it comes to
- 45:57to folks like me or academic professors, you know, big, you
- 46:02know, marketing consulting firms, they, they, they.
- 46:04Oh, it's so hard. It's so hard.
- 46:05You have to hire us, you know, then they come in and they have
- 46:07to make it hard in order to justify a big feat.
- 46:10I'm not kidding. This is the way the world works.
- 46:12And so, you know, boiling it down into, you know, a few tools
- 46:17that could create a Moat for a business owner that they can do
- 46:19themselves, You know, so the great marketing lie is that it's
- 46:22hard when the answer to that is no.
- 46:24It's actually really simple because look, we're surrounded
- 46:27by marketing. We make marketing decisions
- 46:29every day. Marketing communications is
- 46:32hard, but marketing itself is. I mean, absolutely.
- 46:37I mean, humans are really good at it.
- 46:39I'm sorry. You know, you are both wearing
- 46:40hats. I'm not wearing a hat.
- 46:43You made a marketing decision to buy a hat based on some need
- 46:46that you feel both of you, right.
- 46:48Meanwhile, I don't like hats. I'm a non hat guy, no hat, So
- 46:52you know what I mean. We make marketing decisions,
- 46:54everything around us. Look at that light up there,
- 46:56wherever, here it is right back there, the whiteboard.
- 46:58I mean, we buy things everyday based on marketing decisions.
- 47:01So if we reverse engineer why we're making those decisions,
- 47:06then we'll become better marketers just by every day.
- 47:08Like, you know, when I first, I don't know, got into advertising
- 47:11years ago, I would just drive down the road looking at
- 47:13billboards trying to reverse engineer who they were trying to
- 47:17talk to, what their message was, you know, how they were
- 47:20differentiating themselves. So practicing.
- 47:23So I don't know, you know, talking about, you know, the
- 47:25book, it's like, you know, basic classical stuff that is made
- 47:30easy with the real tools to do this with your management team.
- 47:34It's a funny thing, you know? I mean, folks get the book, you
- 47:37know, and I hear from them and they're like, yeah, I bought
- 47:39some for the management team because we're going to take this
- 47:41to the annual retreat and we're going to go over this, this this
- 47:43this strategy development exercise.
- 47:45We're going to go through these five, you know, questions that
- 47:49get to your positioning analysis, you know, And so just
- 47:52do it yourself because marketing is not hard and.
- 47:55It's funny you mention it's funny you brought up the hats
- 48:00because I specifically I, I shop for blank black hats that are
- 48:08non branded in any way, shape or form.
- 48:10Because, you know, I'll be in one city one week and I'll be in
- 48:13another city the next week and doing different things music
- 48:17related in front of large crowds.
- 48:19I didn't want to be in San Francisco represent a Seahawks
- 48:22hat. You know what I mean?
- 48:23That that kind of thing. It's like I wanted to be neutral
- 48:26in different areas. And so I always go for black non
- 48:30branded hats and I always wear a hat because I'm balding.
- 48:34That's pretty much it. It's like one of those, one of
- 48:37those things that I, you know, it's like I, I've always been a
- 48:40hat person. I've never not worn a hat, but
- 48:42I'm very specific on what hats I wear because I don't want to
- 48:45represent something that might offend other people in a
- 48:48different market. Yeah.
- 48:49And conversely, like for example, the the hat decision
- 48:51that I've make is or that I've made in this particular case is
- 48:55these are just hats done up by designers to look like sports
- 48:58teams. They're not really sports teams,
- 48:59they just look like them. And so but they're just really
- 49:02cool designer stuff that designers have created.
- 49:05And you know, I support art and I support designers and so I
- 49:07think they're very cool. And so for me, it's a design
- 49:10statement where Mike, it's actually trying to be not
- 49:13noticed, I guess so anyway, but no, So it is really interesting,
- 49:18you know, cuz you're right. I mean, we do make marketing
- 49:20decisions all the time. I mean, and it's funny cuz you
- 49:22guess you don't, don't think about it, right?
- 49:24But even as we sit down and like, I mean, just take, I mean,
- 49:27I'm still broadcasting from my desk because of the shoulder
- 49:30issue I've been having. But, but you know, I mean, I'm
- 49:33using blue lights. I'm using, you know, I've got a
- 49:36piece of artwork sitting back here.
- 49:37I've got, you know, these different things that, that I've
- 49:39done. And those are all, to your
- 49:41point, marketing decisions, right?
- 49:42These are all things that I'm deciding to put out there.
- 49:44I want people to see this little illustration I did.
- 49:46I want, you know, people to see the cool hat brand I'm wearing.
- 49:49I, you know, and, you know, whatever it is.
- 49:51And, and so that's kind of, you know, marketing or I guess the
- 49:55final output or the end of a marketing decision, you know,
- 49:58that people are, are getting to see.
- 50:00I mean, my, even my little water jug, people don't see it because
- 50:02the camera cuts away. But I mean, I have a liquid
- 50:03death water jug. So even when I'm not drinking a
- 50:06can of liquid death, I've got my liquid death water jug.
- 50:08And so, but it's, it's branded water or my Dutch brothers cup
- 50:12that I'm lifting up every couple minutes.
- 50:14And so it's funny because even for myself as somebody in the
- 50:18industry, and we work more on the design side than the
- 50:20marketing side. But I mean, a big part of our
- 50:21design is living up to marketing strategy.
- 50:25So even given my relationship to that stuff, I hadn't viewed even
- 50:31those decisions as being marketing choices on my end.
- 50:33So it's, I think that's a good way of looking at things or
- 50:37another, you know, a new lens to look through for maybe a small
- 50:40business owner or somebody who just wants to think about the
- 50:42way they're putting themselves out in the.
- 50:44You know, I think when it comes to it's unfortunate really is
- 50:47because, you know, every company in the world is.
- 50:51And I don't care whether it's a nonprofit government, it's all
- 50:54founded on marketing. You are providing some value to
- 50:57somebody who's offering you either their loyalty or their
- 51:00money. I mean, they're following you by
- 51:03way of you're persuasive and they're voting for whatever it
- 51:06is. So every company in the world
- 51:08does marketing, but marketing is really one of the most amorphous
- 51:11and least treated areas of a business.
- 51:14You know? I mean, you know, operationally,
- 51:15maybe there's Six Sigma or there's, you know,
- 51:18certifications, you know, and all this other stuff, right?
- 51:21Financially, there's audits and there's, you know, optimization
- 51:25models, blah, blah, blah, blah. When it comes to marketing, it's
- 51:27very, very difficult for a small business owner to say, OK, you
- 51:31know, there's lots of books on it.
- 51:32I mean, you know, we talked about Seth Godin, you know, and
- 51:34Simon Sinek and I absolutely love, you know, the Y factor,
- 51:37and that's actually in the book too.
- 51:39But when it comes to like positioning, analysis, the
- 51:41important stuff, you know, and marketing strategy, T cheater
- 51:43tools and the art of storytelling, because so many
- 51:45people don't even know how to talk about the product or
- 51:47service of their business or the brand, you know, And so, you
- 51:50know, we we pulled together the best of our learning over the
- 51:53years and put it into that book, you know, and so really in that
- 51:57book, and I'm not trying to sell the damn book.
- 51:58You can get it for free, you know, and I think Raptors dot
- 52:02biz okay, so you know you can download at least a good many of
- 52:05the chapters go do it. But when it comes to taking a
- 52:09young management team, and they come from other disciplines and
- 52:13unfortunately, you know, who tends to be the marketing
- 52:15manager? Some glorified graphic designer,
- 52:19dude, you know it. OK.
- 52:20And you know, and oh, you do great design, or you can do some
- 52:23website and some design or maybe you see, we call them unicorns,
- 52:26but they're not strategic thinkers.
- 52:27They're not going to get in the in in management space.
- 52:30You know, they're not going to say, look, we are leaving money
- 52:33on the table because we need to augment our our product or we
- 52:35need to do things differently around here.
- 52:37You know, they're not going to be that kind of voice.
- 52:39And so, you know, yeah, throw a book, which is really a road map
- 52:43to get a Moat. You know, when we talk about
- 52:45that, you know, get a Moat in your business and to me, take
- 52:48three to five years. It wouldn't be nice to actually
- 52:50have. Here's our road map in our
- 52:52marketing to execute over the next three to five years.
- 52:55And we're going to be winning incrementally.
- 52:57And by the end of that period of time, there's a Moat.
- 53:00Get a Moat, Yeah. And I think.
- 53:03It's a good point, right? I mean, to sort of use this
- 53:07metaphor, I mean, eventually you have to dig the Moat.
- 53:09Somebody's gotta dig this Moat, right?
- 53:10You don't just often find a place where you've got a Moat, I
- 53:14mean, unless you have island access or something.
- 53:16So you're in a position where you've got to dig your Moat.
- 53:19So it makes sense that even if you have started a company and
- 53:22maybe just by virtue of your product, you've got a a Moat
- 53:25just naturally. But for a lot of businesses,
- 53:27they don't, you know, a lot of people start businesses based on
- 53:30a skill they pick up or a, you know, something they like to do
- 53:33or whatever. And a lot of people may like to
- 53:34do those things. So it is really difficult to
- 53:36differentiate. And so if you've got to build a
- 53:38Moat, you know, purposeful thought about that is, is
- 53:41critical. And I think, you know, maybe a
- 53:43book like yours can help, you know, elaborate on some of that
- 53:45stuff for people because I think, you know, even if I mean,
- 53:48you know, we were talking about the four PS earlier, But I mean,
- 53:50really just this positioning, one can do so much for you in
- 53:54terms of, you know, building your mode, helping you resolve a
- 53:58strategy, you know, even all the way down to your pricing.
- 54:00And things like that can really sort of be devised by
- 54:04positioning and by knowing who you actually are.
- 54:06And you said it just moments ago, but you know, the the
- 54:08reality is a lot of small business owners don't even
- 54:11really know who they are. They don't know what they do or
- 54:13who they do it for. They started a business because
- 54:16they like a thing or they build a widget because they had access
- 54:18to a buddy in China or whatever. And they don't even really think
- 54:22about who they are or what they. And so I think, you know, either
- 54:25through tools like yours, through through this book or
- 54:27maybe through this podcast, people get the spark to go.
- 54:31You know what? I just need to take a few
- 54:32minutes and be introspective. And to Mike's point earlier
- 54:35about sort of the social media environment in the world we're
- 54:37living in, I think it is harder to convince ourselves to take
- 54:41the time for ourselves to to do these kinds of exercises because
- 54:44I think a lot of us feel like we're busy and we need to just
- 54:46keep moving. But I think that there's some
- 54:48real value in stopping and thinking and doing and then
- 54:52getting back to work. Ryan, I think you're looking,
- 54:54you know, wow, that's fascinating.
- 54:56You're hitting on something really important.
- 54:58God, God bless it all. You know, at the same time that
- 55:00I'm saying, oh, we need to create all this content because
- 55:02of course, the decision making model and all that.
- 55:04So we're trained as people now to just jump from the next piece
- 55:08of content to the next piece of content to always have content
- 55:12flooded, you know, and what you're saying is so true.
- 55:15And I, I, I like to communicate that as well, which is stop,
- 55:18don't just put the whatever you're reading down and go on to
- 55:21the next piece of content, Dissect it.
- 55:24Maybe don't just sit on it for the next year.
- 55:28I'll never forget, you know, when I read 7 Habits of Highly
- 55:31Effective People, it took me a year to read that book.
- 55:34I was riding the Staten Island Ferry.
- 55:36It's 1990, I'm in New York City and I outlined the entire book.
- 55:40It took me a year, You know, I did an outline while reading the
- 55:43book and and processed the entire thing.
- 55:45I mean, who does that anymore, you know?
- 55:48Yeah, no, it's true. It really is.
- 55:50So here in our closing minutes, do you want to just take a quick
- 55:53minute, let people know how they can track you down?
- 55:54Maybe if they'd like to find a copy of your book they could do
- 55:56that or chase down your company there in Wichita.
- 56:00Well, I appreciate that you know the great marketing line 6
- 56:03truths for Biz owners and C sweaters is available on Amazon
- 56:06and audible. You know, you can communicate
- 56:08with me through rappers dot biz rappers Rapper USA is a
- 56:12marketing strategic marketing consultancy and, and through
- 56:17those means, you can also, if you need marketing execution,
- 56:20RSM marketing in Kansas City, in Wichita.
- 56:23We, we do that for hundreds of clients across the nation.
- 56:26And I just need to say something, which is, you know,
- 56:28when we started our firm 14 years ago, we were just a
- 56:30Wichita ad agency. And really we're talking about
- 56:33scaling, right? And the strategies that make
- 56:35that happen. And that's really what we've
- 56:37been talking about. It's all about scaling.
- 56:39You want to run a small lifestyle business, that's fine.
- 56:42But if you're dissatisfied and want to get from A to ZK to L or
- 56:45whatever it is, then you need to scale that word or scale.
- 56:49How do you do that? That's what we're talking about
- 56:52here. And if we can help.
- 56:54I'll have a free conversation with anybody because honestly,
- 56:57this is all about American entrepreneurialism and we can't
- 57:00have enough of it. It's, it's, it's what propels
- 57:02our country and it's, it's, it's religion to me, right, Not
- 57:06capitalism, but helping business owners be successful.
- 57:09Because I'll tell you what, I got a mortgage in my home, do my
- 57:12tied to my, my business. And I know a lot of others do
- 57:15and keep our homes, grow our business, our employees and make
- 57:19our communities great. I like it.
- 57:21Speaking like a true Marine. I like it.
- 57:22So cool. All right, Mike, well, thank you
- 57:24so much for taking the time to visit with us today.
- 57:26It's been awesome. Thank you so much.
- 57:29Appreciate that. Absolutely.
- 57:30And thanks so much to everybody who tunes in the show this week
- 57:32and every week. See you guys next time.