The Top 5 Actions to Successfully Scale Your Small Business written by John Jantsch read more at Duct Tape Marketing

The journey of growing your small business can be an exciting one, but also full of challenges. To make the process smoother, here are my top 5 critical actions I believe every small business needs to take to grow strategically. These simple but effective steps can help you create a solid growth strategy, keep your customers satisfied, and ensure your business keeps thriving. Whether you’re at the starting phase of your business journey or already managing an established operation, these practical tips can guide you toward achieving long-term growth:

1. Narrow the focus to the top 20% of your customers

In my experience, these are usually the most profitable customers. They’re the right fit because they have the right problem and the right beliefs. It’s important to understand everything you can about this group, as your marketing efforts should focus on attracting more of these ideal customers. The more you know about them, the better you can serve them and, subsequently, scale your business. Remember, chasing after customers who aren’t a good fit often results in missed opportunities and may even be costing you money.

2. Promise to solve a problem that matters to your ideal customers

We call this developing a core message, and it revolves around a promise to solve a specific problem. To discover this core message, engage with your customers directly, or analyze your Google reviews. The language they use will provide great insight into the problems you are solving for them. Remember, your customers don’t just want your product or service; they want their problems solved.

The Top 5 Actions to Successfully Scale Your Small Business

3. Build a complete end-to-end customer journey

The customer journey doesn’t stop when someone becomes a customer. In fact, the days when the main objective was driving leads into a funnel and converting them into customers are over. Today, the buying process has changed dramatically, with 86% of buyers stating that they would pay more for a better customer experience. Thus, marketing today is less about creating demand and more about organizing behaviors.

I’ve developed a model called the Marketing Hourglass, emphasizing the journey beyond the purchase. It’s not just about getting people to realize you exist, but creating an experience that turns one-time buyers into repeat customers and advocates.

The Top 5 Actions to Successfully Scale Your Small Business

The 7 Stages of the Marketing Hourglass

I believe we all pass through seven stages in this journey: know, like, trust, try, buy, repeat, and refer. We want to know who’s out there, and we want to like them before we venture any further. We certainly aren’t going to buy anything until we feel like we can trust them. And I don’t know about you, but I love a little sneak peek of what it might be like to work with a business before I commit.

If you hit the nail on the head with these stages, price becomes less of a factor. You see, when trust and experience are high, people are willing to pay more. Remember that stat I mentioned earlier? Well, that’s your golden ticket to building a profitable business.

So, here’s my challenge to you. Think about these stages – know, like, trust, try, buy, repeat, and refer. What are you doing at each of these stages to enhance your customer’s journey? Are there gaps that need plugging? Instead of just trying to get from ‘no’ to ‘buy’, focus on the stages before ‘buy’. Trust me, that’s where the gold lies.

4. Do less, but do it brilliantly

Focus on what you do best and strive to deliver exceptional results in those areas. Don’t try to be everything to everyone. Instead, concentrate on delivering the best possible value and experience to your target audience.

Stick to The Rule of 3

It’s tempting to come up with a dozen strategic objectives every quarter, only to find you’re spreading your efforts too thin and achieving none. Why not narrow it down to three solid goals?

This approach makes it easier to stay focused and allocate resources effectively. If a task doesn’t map to any of these goals, it’s time to park it. Remember, focus is key to achieving objectives.

Don’t fall into a social media frenzy

Focus on 1, maybe 2, social media channels, and do it well. You can use these tools to help.

For example, imagine a local small business trying to maintain a presence on Facebook, Instagram, Twitter, LinkedIn, Pinterest, and even TikTok. This means a small, sometimes one-person, team must constantly juggle content creation, audience engagement, and analytics across multiple platforms. It can quickly get very overwhelming. Instead, understand where your target audience mostly resides and focus solely on that platform.

A crucial aspect of running a business is realizing that there’s always more to do. However, the secret to effective marketing is deciding what not to do. Avoid falling into the trap of chasing after every shiny new thing. A laser focus on doing less but doing it well often yields better results.

5. Create transformations, not just transactions

The goal is to have a profound impact on the lives of your customers. The focus should be on making a real difference, not just on completing a transaction.

What if you came to think of your customers more like members that join your business because they want to go on a journey?

Remember, marketing isn’t just about getting that click or that phone call. It’s about understanding your customer’s journey and providing a seamless, enjoyable experience. It’s about building trust, delivering on your promises, and exceeding expectations. And most importantly, it’s about making a genuine difference in the lives of your customers.

To navigate this journey effectively, book a call with our strategy experts. We’re ready to help you map your path to strategic growth. Click here to book your call now, our strategy experts are standing by.

Did you miss our previous article…
https://www.sydneysocialmediaservices.com/?p=6490

The 5 Key Skills That Successful Managers Possess written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Dave Dodson

Dave Dodson, a guest on the Duct Tape Marketing PodcastIn this episode of the Duct Tape Marketing Podcast, I interview Dave Dodson. He is on the faculty of Stanford University’s Graduate School of Business, where he guides students in tactical execution. He was a McKinsey & Company consultant and left to become a serial entrepreneur, where he operated six companies as CEO or Executive Chairman. 

Dave is also the co-founder of Sanku, a company that developed the only successful technology to fortify grains with lifesaving micronutrients in rural African mills. Sanku was listed by Fast Company as one of the “Most Innovative Companies.” and named by Time Magazine’s 100 Best Inventions.

His newest book The Manager’s Handbook: Five Simple Steps to Build a Team, Stay Focused, Make Better Decisions, and Crush Your Competition; will help managers, executives, and other business leaders interested in dramatically improving their ability to lead people and inspire loyalty.

Key Takeaway:

Have you ever wondered why some people are better at getting things done than others? Dave identifies 5 skills that these individuals have mastered in order to become successful managers: team building, setting and adhering to priorities, seeking and taking advice, being a good custodian of your time, and being fanatical about quality. These skills combined with one another can be learned and practiced by anyone, regardless of their inherent attributes or personality traits. Dave emphasizes that this is a how-to manual rather than just theoretical concepts. Each chapter focuses on actionable steps where the goal is to make readers acquire and apply these skills effectively in their professional lives to become better leaders.

Questions I ask Dave Dodson:

  • [02:08] How do you define the term manager?
  • [03:27] How’d you come up with five steps that you lean on as being the critical elements?
  • [05:11] Can you mention the five skills in the compact organization?
  • [06:28] What do you feel like you’re adding new to the genre of leadership books?
  • [08:19] Can you explain this idea of hiring for outcomes and how that’s different than hiring for resume experience?
  • [09:47] Please develop the idea of curing the digital disaster.
  • [12:36] Where does a board or a mentor fit into a company’s structure or an individual’s structure?
  • [14:05] You introduce the operating plan, can you please explain that?
  • [17:51] So the fifth step is quality, how do you make quality a part of culture in organizations?
  • [19:10] How would you recommend that people make the ideas in this book stick?

More About Dave Dodson:

  • Pre-Order your copy of The Manager’s Handbook: Five Simple Steps to Build a Team, Stay Focused, Make Better Decisions, and Crush Your Competition
  • Reach out to Dave

More About The Agency Certification Intensive Training:

  • Learn more about the Agency Certification Intensive Training here

Take The Marketing Assessment:

  • Marketingassessment.co

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): Hey, did you know that HubSpot’s annual inbound conference is coming up? That’s right. It’ll be in Boston from September 5th through the eighth. Every year inbound brings together leaders across business, sales, marketing, customer success, operations, and more. You’ll be able to discover all the latest must know trends and tactics that you can actually put into place to scale your business in a sustainable way. You can learn from industry experts and be inspired by incredible spotlight talent. This year. The likes of Reese Witherspoon, Derek Jeter, guy Raz are all going to make appearances. Visit inbound.com and get your ticket today. You won’t be sorry. This programming is guaranteed to inspire and recharge. That’s right. Go to inbound.com to get your ticket today.

(01:03): Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch. My guest today is Dave Dodson. Dave’s on the faculty of Stanford University’s Graduate School of Business where he guides students in tactical execution. He was a McKinsey and Company consultant and he left to become a serial entrepreneur where he operated six companies as CEO or Executive Chairman. He’s a co-founder of Sanku, a company that developed the only successful technology to fortify grains with lifesaving micronutrients in rural African mills. Sanku was listed by Fast Company as one of the most innovative companies, and named by Time magazine’s 100 best inventions. We’re gonna talk about his book called The Manager’s Handbook: Five Simple Steps to Build a Team, Stay Focused, Make Better Decisions, and Crush Your Competition. Boy, a lot of promise in that . Dave, welcome to the show.

Dave Dodson (02:01): Good to be here.

John Jantsch (02:02): So this may seem like a really dumb question, but I think it’s actually going to be helpful to hear how you actually define the term manager.

Dave Dodson (02:12): Yeah. You know, John, I struggled quite a bit with whether I should be saying entrepreneur or manager or leader and manager seems sort of vanilla, right? Yeah. But that’s what most of us do every day. We’re managing and one of the things I wanted to do with the manager’s handbook is to take it from sort of some lofty concept down to what do you do every day Monday morning so you can get stuff done?

John Jantsch (02:33): Yeah. Cuz you’re right. I mean, entrepreneurs, business owners, you know, they, they may not have manager in their title, but they wear the manager hat every day. Right.

Dave Dodson (02:42): 100%. And the biggest leap that somebody makes is not becoming a manager per se, where you’ve got two or three people reporting to you, but it’s when you become a manager of managers because then you can’t cheat anymore. You can’t sort of stay up late or redo someone’s work. You have to manage through the organization. And one of the magical things about it, if you learn the skills on how to manage managers, is that’s completely scalable. All the way up to running the biggest companies in the world. Yeah.

John Jantsch (03:10): So, so with your McKinsey and Company credentials, you know, you had to have a framework here, right? Five simple steps, uh, to build a team. So kind of in obviously a great deal is drawn from your own experience managing companies and teams. How’d you come up with five steps that, that you lean on as being really the critical elements?

Dave Dodson (03:33): Well, first of all, I am the least likely entrepreneur. I grew up in rural Colorado. The closest town was about 300 population of 300, and we were kind of divided between farmers and ranchers. And I was on the farmer’s side cuz my dad made farm equipment. My, my stepdad built houses and my two grandfathers, one ran an auto dealer and the other ran a coal mine of all things. And what links all four of these people together is all of their businesses failed. Huh. And so I should have just gone out and been a McKinsey consultant, but I didn’t want to do that for whatever reason. In spite of that background, I decided to wa wanted to be an entrepreneur, and things were going well. And then the first time I really stubbed my toe hard and I was like, holy smokes, everything I do doesn’t work out.

(04:22): That’s when I started to look around and say, how come some people are just better at getting stuff done than other people? And that led to this three, three year search really to try to understand what is the difference. And what I quickly realized is the difference is not that people have certain attributes, they’re born a certain way, they’re charismatic, introvert, extrovert, but that they’ve mastered five skills. And I wasn’t looking John for a framework when I wrote that the manager’s handbook. I was just out of curiosity, and it just ended up being five skill areas that was universal. I don’t care who you were, you, Oprah Winfrey, you know, Rupert Murdoch, everybody mastered these five skills. It’s very interesting.

John Jantsch (04:59): And when we’re gonna call them skills, I mean, there is a o obviously there’s an implication that that can be learned, that can be practiced , that, you know, it does take intention to, you know, to bring them into every meeting. So let’s dive Well, well first off, I, I want you to identify the five skills kind of in the compact organization, but then, then I’ll sort of dip my toe into each of those and ask you to go a little deeper on something.

Dave Dodson (05:25): Yeah. So for example, the first one was the ability to build a team, right? The second one was an ability to set and then adhere to priorities. One was to be able to take advice from others, be able to seek and take advice. Another was to be a good custodian of your time. And then the last one was to be fanatical about quality. So those were the five. And I, again, I didn’t start out looking for five, but I ended up with those five. But then I had this predicament, John, because I didn’t wanna create a PowerPoint presentation or have a academic paper now that I teach at Stanford. I wanted something that people use. And so the trick was then how do you convert this insight that I had into a practical way that people could easily acquire these skills? Yeah. And that, that was my biggest challenge, honestly. Yeah.

John Jantsch (06:09): All right. So let’s dive into the first one. Team building, you know, frankly, every leadership book, every book on running a company, and it has at least a chapter right on this, because obviously if you’re gonna grow a business, you know you’re not gonna do it all by yourself. There’s a couple things that show up higher for outcomes, 360 degree, you know, reviews. I mean, what do you feel like you’re adding kind of new to that whole genre really, of leadership books?

Dave Dodson (06:35): Oh my gosh. You know, I teach at the Sanford Business School, right? And every class says, you gotta build a team. You gotta, but nobody says how to do it. Right? The inside here is that act. Actually, interestingly enough, John, it was, I was watching somebody play the piano, and I was thinking about how do you learn to play the piano? And I realized, well, first you learn how to get, position your fingers over the keyboard, 88 keys. Then you learn the difference between a sharp and a flat. Then you learn what the pedals do. And I realized that you learn to play the piano because you learn a set of sub skills, you combine ’em together and you can play the piano. And I realized the same thing was true with these five skills. So in, in, to use your example about building a team, then I looked at, okay, of the people who were great at building a team, this is not about how I did things.

(07:20): I studied the best, the very best leaders for the manager’s handbook. What were the characteristics or what were the, the sub-skills that they had mm-hmm. that led to building a team. So you mentioned 360, doing 360 reviews. So in as few pages as possible, I describe how to master how to do a 360 review, the questions to ask, who should ask the questions, how you curate the information. Then at the end of each chapter, I have a checklist. So when you get ready to do it, you don’t have to reread the chapter, because I wanted this to be a book that you could use. And I did not want it to be a, an inspirational book where you read it and you got all excited while you’re reading it, and then Monday you do the same thing over again.

John Jantsch (07:59): So hiring for outcomes has become a, a pretty hot topic, I think mainly because, you know, the whole quiet quitting or whatever the silly terms of, of the day are about those, that, that, I think it’s changing how people think about who they hire and who they, you know, what, who needs to be doing what roles and how to keep them happy at work. So talk a little bit about this idea of how hiring for outcomes and how that’s different than say, hiring for resume experience.

Dave Dodson (08:26): Yeah. So I completely turned the whole notion of hiring on its head. And you start with building a scorecard, which is what is, what do you want this person to do? Not what they did, not what their credentials are, but what you want them to do. And then you hire against it. So I remember when I first started hiring, I looked at clever interview questions. So this question that I used to ask everybody is, when you close the refrigerator door, how do you know the light goes out? and I, it was just, I was just impressed with myself, you know, and it was a creative answer, but that had nothing to do with the job and what I wanted someone to do. And so now what I’ve done is I’ve learned that you say, okay, what do I want this person to, I want them to drive sales by 15%.

(09:08): I don’t care what school they went to. I don’t care how old they are, I don’t care what they do before. Can they drive sales by 15%, sales by 15%? And then you ask the question, well, how will I know? What are the things that I can do to determine that? And that’s what you interview against. And it’s a completely different way to interview. And by the way, though, in terms of insights of the book, I do this all in about 15, 20 pages. You don’t need to read seven books on hiring to learn how to be good at hiring.

John Jantsch (09:32): But you could because it’s currently, it’s a very large section in the bookstore. All right, so let’s move on to time. And this is a tough one. Another one that there’s an entire category probably in the bookstores. There’s one I want you to really focus on curing the digital disaster.

Dave Dodson (09:50): Oh my gosh, , you know, before the digital age, the average executive had got a thousand pieces of communication. A year.

John Jantsch (10:00): A

Dave Dodson (10:00): Year. Wow. Today it’s 30,000. 30,000 and growing John. Yeah. And all these productivity tools are just making us less productive. So we all know it’s a mess out there. We all know that we read unproductive email. In fact, 50%, it’s reported 50% of the email that we read, we don’t think we needed to read. So we all know we have a problem. But the problem, but the issue is we wake up every morning, we do the same thing over and over again. So I didn’t wanna just sort of present a problem that everybody knows, and I didn’t wanna ask people to radically change how they think and how they behave and where their habits are and where their weaknesses are. So I said, you know what? I’m gonna give you seven tips. You do these seven tips and you’ll save 40 minutes a day. That’s it. And so that’s kind of throughout the book. That’s what I do, is I say, look, I’m not gonna try to change your life. I’m gonna give you seven things to do tomorrow morning that will solve this problem.

John Jantsch (10:53): Yeah, I actually just hired somebody to delete email for me. That was the solution to that one.

Dave Dodson (10:58): Well, John, I’m glad you answered my emails, at least. .

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(12:27): So, so the next category is advisors. So, you know, especially since we’re addressing the manager’s handbook, you know, where does a board or a mentor, you know, fit into a company’s structure or an individual’s structure?

Dave Dodson (12:43): Yeah, you don’t have to be the CEO and you don’t have to have a board of directors to be really good at seeking and taking advice. And, you know, as a, as an effective manager, you wanna do two things. You wanna be able to make decisions on a timely basis, and you also wanna make right decisions. And most of the problems that day-to-day managers face are not new. Someone has already faced those problems. So the idea is to go out and create a group of advisors that you can use, either formal or informally, and then know how to use them. So what I do is, first of all, I say, here’s the criteria that you look for finding an advisor. You don’t let it be, don’t let ’em ha happen randomly or organically. Go find those people. And then how do you use ’em?

(13:23): So, so John, I get called all the time from my former students, and I’m an investor in about a hundred companies, CEOs who call me, and usually most of the time is utterly wasted. I’ll have a, I’ll have a 30 minute call with someone and they’ll take 27 minutes to describe the problem. So what I do is I say, here is a simple four-step process on how to have a really effective 15 minute call with an advisor where they hang up the phone and they feel like, wow, I really added value. I hope this person calls me back again. And instead of you telling stories about your problem, you hung up the phone and you thought, okay, I got my problem solved. Now I can go work on something else. Yeah,

John Jantsch (14:01): Yeah. All right. Priorities. Y you know, the thing that jumped out to me in that section is I think everybody’s accepted whether they use it or not, that they need a business plan or a marketing plan. Those are kind of accepted things you introduced to something that I personally haven’t heard said this way makes total sense. But I’d wonder if you could unpack the operating plan.

Dave Dodson (14:21): Yeah, so the kind of, one of the many things that I turn on its head in the Man manager’s handbook is don’t this whole thing about an annual budget, forget about it. That’s just a crystal ball guess on what your sales are gonna be or whatever it is. What you need is an operating plan and an operating plan. You go through a process and I walk people through the process that you go through to figure out what are the two or three things that you need to work on over the following year in order to move the company forward. And one of the things that was screamed out, whether I was looking at Warren Buffett or Steve Jobs or any of the other managers, that we all look back and we say, wow, I wanna be like them. They were brutal about setting and adhering to priorities.

(15:04): And in fact, Steve Jobs has his famous quote, he was at the Apple Worldwide Conference, and he says, he said, you have to say, you have to learn to say no. And when you say that, it pisses people off, but it’s the only way you can get things done. And I’m quite close to one of his former board members, Andrea Jung, and I’ve talked to her about Steve Job and is the myth about him being so relentless about setting priorities and having an operating plan? True. And she said, I’ve never met anybody who was more brutal with priorities than Steve Jobs in, in fact, Joni Ives, who I I who was his design developer, sorry, he was the chief designer for Apple. And he said that Steve Jobs would come to him almost on a daily basis and said, what have you said no to today?

John Jantsch (15:49): Yeah. And that’s, you know, obviously we’re talking about Apple, but I mean, down to the three person, you know, entrepreneurial, you know, venture, you’re gonna get 27 emails today, that 26 of which you need to say no to. But it’s tough. I mean, it takes a real discipline, doesn’t it? Because it, there are so many things that are going to come at you, and some of them look like real opportunities. And if you don’t have those two or three priorities, it’s pretty easy to say yes and get sidetracked, isn’t it?

Dave Dodson (16:16): Oh, it is. And the, yeah, two insights for me is one, setting an adhering to priorities is not about not doing the things you shouldn’t do. That’s easy. It’s supposed to, that’s table stakes, , it’s a saying no to things that are re that are is a really great idea that you really wanna do, but you know that you’ll never get to it. That’s when you know you’re being good at setting and hearing to priorities. And the other insight was, you know, I drive home when, when I was running companies, I drive home and I’d go, oh, that’s a great idea. We should do that. And then I’d walk in and I’d say, okay, let’s do this too. And then they, then nothing would happen. I’d say, how come these guys can’t keep up with me? The organization moves so slow. Well, the problem is that it’s so easy to ideate. It’s so, it takes so little time to come up with a great idea, but the people who have to implement it, they’re the ones who have to hire people and get leases and negotiate agreements and find vendors and so forth. So, so just recognizing that ideating takes about a minute and implementing takes weeks and weeks.

John Jantsch (17:12): Well, not to mention that it takes your eye off the ball of what they’re actually got some momentum on already, because, you know, identified that as a priority. That’s another, it’s sort of the cost, the, you know, cost of not doing what you said you were gonna do. So the fifth one is quality. And boy, this is a tough one because, I mean, again, this one’s a really easy one to say. I think everybody, nobody will argue with you about, you know, quality being a huge component, but it’s also a tough one. I mean, it, what I’ve discovered is that it, it is really probably more, more closely aligned with culture than it is with any set of, you know, mandates. So, so how do you make, you know, quality, obsession, a part of culture?

Dave Dodson (17:55): So nothing about the manager’s handbook is about slogans or attributes or anything. It is a how to manual. So, so for example, there’s a chapter on how do you find out from a practical way, how do you find out what your, how your customers view quality, literally down to what are the types of questions you should ask your customers and what types of question, what types of customers you should ask. So, so there’s a chapter on how do you define quality. So it’s not just a slogan, you know, let’s go out there and be good to our customers. You gotta find out what matters to them. Then there’s a chapter on how do you, how do you measure quality? And there’s a lot of ways you measure quality that are all historical. They’re, they’re trailing indicators like NPS would that, well, that by the time you get a bad NPS score, John, you’re already, your customers are already disappointed. So the book says, how do you find out what the leading indicators are and how your customers are feeling so they, so you create happy customers, not how you identify whether what you did worked or not. So every chapter is a how-to,

John Jantsch (18:58): So we’ve all read books, even books that, as you said are, you know, very, very practical, how would you know? But then we have our job, right? We read the book, , we have our job. So how would you recommend that somebody go about making this book, something that sticks, making the ideas in this book stick?

Dave Dodson (19:17): Well, I tried to write it as much as a Paint by numbers book as possible. And I had this kind of post-it note that said, write the book you wish someone handed you, you know, and then I didn’t have to write it out, but when I first became a manager, so that was my watchword throughout the whole thing. Then I said, okay, how do you structure the book in a way that makes it a how to manual? So one of the big insights of the book, or one of the structures of the book is at the end of every chapter, there’s a single page that just says, here are seven things, or here are 10 things. There’s no gimmick. E if there’s only seven, I only put seven down there that you need to remember so that when you go out and you’re doing a 360 review, you don’t have to reread the whole book, just go to page whatever it is, the last page of that chapter and go, oh yeah, I got it.

(20:02): And then the, so, so, so it’s written in a way that you read it once and then you’ve got basically, you know, 22 little quick references. And then the last part is that, and this is the hard part, I’d written the whole book and I was sitting down with a mentor of mine, a guy who’s given me a lot of guidance of Michael Porter, who’s sort of the Michael Jordan of MBA professors written 19 books. And he was helping me with the book. He had read the book and he said, you know, the problem with your book is you created a checklist and people are gonna just pick the pieces that they want off of here, and they’re only gonna pick the easy ones. And he said, what you actually created here was a unifying theory of execution. And he showed me that, you know, you can’t, to go into things that John, you and I talked about today, you can’t put together a good operating plan unless you have a good team and you can’t have a good team or, and you can’t execute that if you’re not providing good quality, etcetera, etcetera.

(20:58): Mm-hmm. . And he said, what you have to get your readers to do is your readers have to understand that you can’t just pick and choose, you’ve gotta put all the pieces together. Just like if you wanna play the piano, you can’t learn everything, but the difference between a sharp and a flat, you gotta learn that part too. And that’s the difference between the people who, you know, there’s the whole skill thing, but there’s also, are you committed to really becoming a good manager? And if you are, you gotta learn these five skills. There’s no way around it. Awesome.

John Jantsch (21:26): Well, Dave, we, I appreciate you taking a moment to stop by the Duct Tape Marketing Podcast. You want to invite people to, to where they might find your book, uh, obviously also where they might connect with you.

Dave Dodson (21:37): Yeah, so the two really easy places go on barnesandnoble.com and pre-order or Amazon pre-order. Those are, you know, the two kind of classic places to order the manager’s handbook by myself, David Dodson. And easy way to reach me is through my, uh, just go on the Stanford University website.

John Jantsch (21:55): Awesome. And the book will be out, depending upon when you’re listening to this show. The book will be out in mid July of 2023. So you can either pre-order or order when it’s available at all your fine book sellers. So Dave, again, thanks so much for stopping by the Duct Tape Marketing Podcast and hopefully we’ll run into you one of these days out there on the road. Hey, and one final thing before you go. You know how I talk about marketing strategy, strategy before tactics? Well, sometimes it can be hard to understand where you stand in that, what needs to be done with regard to creating a marketing strategy. So we created a free tool for you. It’s called the Marketing Strategy Assessment. You can find it @marketingassessment.co not.com. Co. check out our free marketing assessment and learn where you are with your strategy today. That’s just marketing assessment.co. I’d love to chat with you about the results that you get.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.


Did you miss our previous article…
https://www.sydneysocialmediaservices.com/?p=6486

How To Retain Top Talent While Prioritizing Their Quality Of Life written by Felipe Orrego read more at Duct Tape Marketing

Marketing Podcast with Joe Mull

Joe Mull, a guest on the Duct Tape Marketing PodcastIn this episode of the Duct Tape Marketing Podcast, I interview Joe Mull. He is the founder of the BossBetter Leadership Academy and hosts the popular BossBetter Now Podcast, which was recently named by SHRM as a “can’t miss show for leaders” along with podcasts from Brené Brown and Harvard Business Review.

He is the author of 3 books including his newly released Employalty: How to Ignite Commitment and Keep Top Talent in the New Age of Work, a framework for creating an employee experience that leads people to join a company, stay long term, and do a great job. This book will teach you how to attract and retain talent and turn ordinary people into devoted employees.

Key Takeaway:

Employalty emphasizes the idea of attracting and retaining top talent by creating a more humane employee experience that focuses on their quality of life. The goal is to create an environment that recognizes employees’ individual needs and allows for a better work-life balance. Companies should become a destination workplace and for this, they should win in three areas of the employee experience: an ideal job, meaningful work, and becoming a great boss.

Questions I ask Joe Mull:

  • [01:55] What were you hoping to add to the topics of hiring and quitting with this book?
  • [04:00] Employalty sounds about employee loyalty, but that’s not what it is. What is Employalty?
  • [04:55] Gen Z wants different things in work, can you explain the “myth of lazy”?
  • [07:31] How do leaders and business owners turn their company into what you call a Destination Workplace?
  • [11:52] You say that every employee in every company has an internal scorecard that determines whether they stay long-term and commit to their work. Please explain that idea.
  • [12:58] Can you elaborate on the phrase: “the era of hiring the best person for the job is over”.
  • [18:08] Where do diversity, equity, and inclusion, you know, initiatives fit into the idea of Employalty?
  • [20:09] Where’s AI going to fit in the destination workplace?

More About Joe Mull:

  • Get your copy of Employalty: How to Ignite Commitment and Keep Top Talent in the New Age of Work
  • Joe’s website

More About The Agency Certification Intensive Training:

  • Learn more about the Agency Certification Intensive Training here

Take The Marketing Assessment:

  • Marketingassessment.co

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): Hey, did you know that HubSpot’s annual inbound conference is coming up? That’s right. It’ll be in Boston from September 5th through the eighth. Every year inbound brings together leaders across business, sales, marketing, customer success, operations, and more. You’ll be able to discover all the latest must know trends and tactics that you can actually put into place to scale your business in a sustainable way. You can learn from industry experts and be inspired by incredible spotlight talent. This year. The likes of Reese Witherspoon, Derek Jeter, Guy Raz are all going to make appearances. Visit inbound.com and get your ticket today. You won’t be sorry. This programming is guaranteed to inspire and recharge. That’s right. Go to inbound.com to get your ticket today.

(01:03): Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch. My guest today is Joe Mull. He’s the founder, the boss, better Leadership Academy, and the host of the Boss Bette Now podcast, which was recently named by SHRM as a “can’t miss show for leaders” along with podcasts from Brene Brown and Harvard Business Review. He’s the author of three books, including one we’re gonna talk about today. And I’m gonna stumble over this word every time cuz it’s a made up word. It’s awesome, Employalty. It’s a mouthful. How to Ignite Commitment and Keep Top Talent in the New Age of Work. So Joe, welcome to the show.

Joe Mull (01:44): Thank you John, and you nailed the title my friend. I’ve gotten a lot of different iterations of that. And you were pitch perfect. It’s Imploy. .

John Jantsch (01:52): Awesome. So obviously the topic of hiring and quitting and , you know, whatever you wanna call it, is high on people’s minds right now. So what were you hoping to maybe kind of tap into current wise with this book?

Joe Mull (02:10): Well, this book was really born after I continued to get frustrated with some of the dialogue that was taking place around why it was so, so hard to find people in the aftermath of the pandemic, why it was so hard to get people to stay with an organization and why so many people were actively changing jobs.

(02:27): There’s this narrative that’s been taking place that, you know, nobody wants to work anymore or that this is really a generational issue and we have a ton of data that tells us that it’s not true. Yeah. What we’ve been calling the Great Resignation, it actually has been going on for about 13 years. When you look at the number of people who have been voluntarily changing jobs to take better jobs. Yeah. We know a lot of that is being driven by quality of life and that’s really at the heart of what this book’s about.

John Jantsch (02:53): Yeah. , it’s become sort of a joke, you know, it seems like every episode I do lately, I go, well, don’t wanna blame this on the Pandemic, but , it’s like, but it’s so easy. I mean, I think a lot of what happened in the Pandemic is it just accelerated everything, didn’t it? Like you talked about, this has been going on for a long time and now a whole swath of people woke up and said, you know, life sucks. My job can’t suck too. Right,

Joe Mull (03:17): That’s exactly right. There was a sort of values reshuffling that took place. Yeah. And then if you think about it, the covid didn’t cause the covid, I just called it the Covid Covid.

John Jantsch (03:27): It’s like the Google was That’s the Google, isn’t it?

Joe Mull (03:29): Yeah, the Google. Yeah. You know what Covid did do to the workforce is it made everybody braver.

(03:34): Right? Prior to the pandemic a, a major job change was a major life decision. You’d weigh the pros and cons and talk to people in your network, and then the pandemic arrived and it injected so much instability and uncertainty into the job market for so many people who then lived with that for two years. And so our risk aversion to job changes got obliterated by this massive global happening. So now it’s not such a big deal to think about a change.

John Jantsch (04:00): Yeah. So the title, which apparently I nailed loyalty, you know, has the word loyal, sort of right smack in the middle of it. And just because you have told me differently, well that’s not really what this book’s about, is it? I mean, because it, you read that in the first glance, you might think employee loyalty, I get it. Mash those together. Right?

(04:21): But you’re not talking about that at all, are you?

Joe Mull (04:23): No. We’re playing a little bit of a trick on the reader here. Right? You hear, you see the word and you think employee loyalty, but employalty is actually a port man toe of the words employer loyalty and humanity. Yeah. So employalty is the commitment that employers make to a more humane employee experience because we know nowadays that’s what triggers commitment at work.

John Jantsch (04:44): So, and we can’t really even pick on millennials anymore, right? I mean, they’re like old now

Joe Mull (04:49): So they’re 40 now, John. That’s right. Yeah, exactly.

John Jantsch (04:53): The oldest ones anyway of, you know, they want different things. The next generation, which I guess we’re calling Gen Z now, you know, wants different things in work. And a lot of, you know, gray haired employers are, you know, interpreting that is, nobody likes to work, you know?

(05:07): Mm-hmm. the myth of lazy, I think you even called it. And it’s really not that at all, is it?

Joe Mull (05:13): It’s not. So we know that over the past two decades, the workforce on the whole, across every generation, has continued to endure a handful of burdens. The amount of work workloads have exploded in the past 20 years. Wages have been largely stagnant for nearly 40 years, up until about two years ago was the first time we started to see that number move.

(05:34): At the same time, burnout has become an all time high records in the workplace, even before the pandemic arrived. And so what we’re seeing is people saying, I need a change. And those changes are being driven by quality of life. There’s a, a massive recalibration taking place around how work fits into our lives. And there’s more opportunity than ever before, John, because we keep adding so many jobs to the economy.

(05:56): And so right now there needs to be a mindset shift for folks who employ people. There is no staffing shortage, there’s a great jobs shortage. There’s more opportunity than ever before for people to go out and upgrade their work situation. And unless you decide to be the upgrade, you’re gonna struggle to find and keep people

John Jantsch (06:16): You know, in the housing market, you talk about a seller’s market, a buyer’s market, and of course, you know, a lot of people are suggesting that, you know, the upper hand right now is with employees. And so a lot of employers are reacting to that. But is that, you know, are, is that just an ebb and flow thing? I mean, will that turn itself around?

Joe Mull (06:34): There’s always gonna be a little bit of ebb and flow in terms of the demand for workers in the job market. But when you look at the numbers, we’ve added jobs to the economy at a a, a breakneck pace for almost 10 years straight, right?

(06:46): We still have right now nearly 10 mil million unfilled jobs. If you took every unemployed person in the country right now and gave them a job, you’d still have 5 million unfilled jobs tomorrow. And we expect worker shortages in a whole host of categories going forward for the next 10 years.

(07:02): So yes, you’re gonna see ebbs and flow in terms of the economics and recessions and pay and demand, but the numbers game is not gonna change. We simply do not have enough people to do all the jobs that we’ve added to our eco our economy. So if you can be the upgrade, right? If you can be a destination workplace, you create an extraordinary competitive advantage for yourself, both in terms of attracting and retaining talent and the quality of the products and services your business delivers.

John Jantsch (07:30): So you mentioned a great phrase there, destination workplace. I’d love for you to kind of unpack like how does somebody turn their company into one of those? I mean, I think there’s some obvious things, but there are probably some companies out there. The culture hasn’t been that great, you know, and they’re starting to realize sort of the price of that. You know, how do you turn that around?

Joe Mull (07:48): Well, we analyzed more than 200 research studies and articles on why people quit a job or take a new job or decide to stay with an employer. And we can say with conviction that you become a destination workplace if you win in three areas of the employee experience. In the book we call them ideal job, meaningful work, and great boss.

(08:09): Now, some of this sounds self-explanatory, right? Great boss is pretty clear. But there are a handful of things that we know bosses have to get right in order for someone to call them a great boss, like earning trust and coaching and being an advocate.

(08:22): But those other two factors of ideal job and meaningful work might be a little less clear. Ideal job is about what I get in exchange for what I do. That’s about my compensation, my workload and flexibility. When those three things are right, that job fits into my life like a puzzle piece snapping into place and it becomes my ideal job. Meaningful work really comes down to purpose, strengths and belonging.

(08:46): Do I believe my work matters? Does it align with my unique talents and gifts? And am I doing it on a team where I feel celebrated and accepted for who I am and what I contribute? When you give someone their ideal job doing meaningful work for a great boss, they look around and they say, Hey, I like what I’m doing here, who I’m doing it with, let’s go. And then their commitment level goes up.

John Jantsch (09:07): It’s funny, I think the flexibility probably jumped on the list several notches because so many people had never experienced work from home and the flexibility that gave them, and all of a sudden it’s like, I like this, you know? Yes. I check my five minute break and go get some laundry done instead of just like, you know, sitting around chatting with people. And I think that flexibility piece probably went way up the list, didn’t it?

Joe Mull (09:29): It did it. Now the number one most requested workplace benefit in the world. But here’s the interesting piece of this, John, is that flexibility, remote work is just one kind of flexibility. Flexibility is really about giving people some autonomy and some influence to decide when, where, or how they work.

(09:47): So if you’re an employer who isn’t able to offer a remote work option, like for example, flight attendant, not an ideal work from home job, but maybe you’re giving people the opportunity to choose the length of their shift or the start time or their days of the week, or who they work with, or the locations where they work.

(10:05): We know that giving some of that influence back to people directly correlates with commitment.

John Jantsch (10:12): I could actually see somebody flying a plane from just like a little console, you know, on their desk at home. What do you think?

Joe Mull (10:18): Isn’t it already a lot of autopilot? I’m not a pilot and I’m taking nothing away from the people who fly me around the country when I go to speak, but I know the computers are heavily involved.

John Jantsch (10:28): Now let’s hear a word from our sponsor. Marketing Made Simple. It’s a podcast hosted by Dr. JJ Peterson and is brought to you by the HubSpot Podcast Network. The audio destination for business professionals marketing made simple brings you practical tips to make your marketing easy and more importantly, make it work. And in a recent episode, JJ and April chat with StoryBrand certified guides and agency owners about how to use ChatGPT for marketing purposes. We all know how important that is today. Listen to marketing made simple. Wherever you get your

(11:05): Hey marketing agency owners, you know, I can teach you the keys to doubling your business in just 90 days or your money back sound interesting. All you have to do is license our three-step process that’s gonna allow you to make your competitors irrelevant, charge a premium for your services and scale perhaps without adding overhead. And here’s the best part. You can license this entire system for your agency by simply participating in an upcoming agency certification intensive look, why create the wheel? Use a set of tools that took us over 20 years to create. And you can have ’em today, check it out at DTM world slash certification. That’s DTM world slash certification.

(11:51): So I kinda laughingly tell a lot of companies I work with from a marketing standpoint that you know, you have a brand, you know, they’re like, oh, branding that’s for a big company.

(11:59): It’s like, no, you have a brand. It’s just whether or not it’s intentional. And you talk about the idea that every company has an internal scorecard, which is sort of their employer brand on the inside. So talk a little bit about that and how maybe somebody taps into that idea.

Joe Mull (12:13): Yeah. So every employee is measuring you against this internal psychological scorecard that they have that’s made up of those factors of ideal job and meaningful work and great boss. And so if I’m coming to your company every single day and my compensation is below what I need it to be, if I’m struggling with an overwhelming workload, if I get no flexibility whatsoever.

(12:34): Then I’m not able to check those ideal job boxes. The same is true with meaningful work. If I experience exclusion, for example, if there’s no opportunity for me to grow my career, if I’m not getting any support or coaching from my boss, these are the boxes on that internal psychological scorecard that I need to check in order to join, stay, care and try.

(12:57): And so this framework really becomes the diagnostic tool that employers can use to decide what we’re already doing well, but where we may have some gaps in terms of becoming that destination workplace.

John Jantsch (13:08): And you actually have a physical scorecard, right? I’ve seen some of the resources that accompanied the book. And so you actually have a couple tools where somebody, I mean are you suggesting go around, hand it to everybody and say like, score us, or how do you use that tool?

Joe Mull (13:21): Yeah, no, it’s a great question. And I do think it might be the sexiest Venn diagram ever published in a book, but I’m biased now. This is as a scorecard. It’s used at both an individual and an organizational level. So you could easily turn the nine dimensions on that scorecard into an organization-wide survey where you ask your employees, please rate the degree to which you experience the following.

(13:42): And actually as in the toolkit that we give readers, we actually give that dimensions of employee assessment that they can download and use at across the organization. But at an individual level, you know, we tell leaders all the time, if you wanna know what employees want ask. But what we also know is that a lot of employees don’t necessarily know what it is that they want, that they’re not getting, they may not be able to articulate it or they may not be comfortable doing.

(14:07): So there’s a power dynamic, or maybe I don’t have a great relationship with my boss. This framework gives leaders at any level of the organization a vocabulary that they can use to probe and understand what the conditions are that lead people to thrive. And whether they’re not or not, they’re happening for people at the individual level.

John Jantsch (14:25): So the one phrase that I’ve heard you use that you know it’s probably raising some eyebrows because it sounds aluminous, is the era of hiring the best person for the job is over. Please elaborate.

Joe Mull (14:38): Yeah. Well what we say is that what you must do now is create the best job for the person. So listen, if anybody listening to this knows somebody who has changed jobs in the past year or two, and if you think about why that person changed jobs, you’ll get a host of answers. Some people will say, I need better pay.

(14:54): Some people will say, I wanted a better commute or more flexible work schedule, or more fulfilling work or a better boss. There are a whole host of reasons. When I do keynotes and workshops, it’s one of the first questions I ask the audience, and I’ll get two dozen answers. And when you listen to them, they all sound the same.

(15:10): Or excuse me, they all sound different, but they are the same. They all roll up to this idea of better quality of life. So when we talk about creating the best job for the person, we’re really talking about standing out as the way that job fits into my life. It doesn’t take over my life, it’s a more humane employee experience that doesn’t treat me like a commodity. It treats me like a fully formed human being who also has a life outside of work.

John Jantsch (15:38): So you started down a path that, I want to go a little deeper on this. This idea that instead of putting out, you know, here’s the requirements, here’s the education, here’s the, you know, the job description that you’re actually taking somebody and saying, here are your skills, here’s what you want out of life, let’s design the job around that.

(15:56): I mean, obviously I could hear some people going, you know, there’ll be anarchy, you know, but, but I mean is that to some degree what you’re suggesting?

Joe Mull (16:05): To some degree. So the nature, the idea of tweaking a position to fit someone’s skills or strengths or desires isn’t new. Gallup has done a ton of research on this for years. It’s something called strengths-based leadership. It’s also known as job crafting. When you hire somebody into a role and you say, we think you’re gonna handle these kinds of things on this list, and then you figure out they’re really good at some of them and less so at others, if you can tweak that role to allow them to play to their strengths more often, you actually get more commitment and higher quality work.

(16:36): And yeah, it does mean that you need to find other people to do those other things, but across the board, instead of trying to raise everybody’s weaknesses to a level of mediocrity, you’re starting at people’s strengths and you’re getting them to a level of quality that most people don’t reach.

(16:51): You know, John, when we recently hired for someone and on my team and we posted the job description, yes, we put the job duties, yes, we put the salary and benefits information, but we also talked a lot about our commitment to quality of life. That this was a job. We wanted to be a compliment to people’s life, not to take over and be a burden to someone’s life. We talked about how we wanted to be a place that people would come to and enjoy being a part of our culture, of ordering Mexican takeout for staff meetings and not being afraid to sing show tunes around the office. And when we put those things front and center in our job description, it gave potential candidates of flavor, not just of what they’d be doing, but what the work would be like day in and day out.

(17:31): And we ended up getting a whole host of applications for that position that ended up being more than we would’ve got if we would’ve just stuck to a traditional job description.

John Jantsch (17:39): No, no question. And I think, you know, I think not everybody, but you can see you go to Monster, you know, one of the job boards, you can see there are companies that are waking up to this idea. You can see there’s definitely a lot of old school still out there, but you definitely see people leading with the fun, if you will, in a position.

(17:57): And I, you know, I do think that, you know, the world is probably catching up with that a little bit. You may say it doesn’t really fit, but I want to ask this because it’s on a lot of people’s minds, it’s somewhat of a trend, you know, where does diversity, equity and, and inclusion, you know, initiatives fit into this idea?

Joe Mull (18:13): No, it’s a perfect question cuz it’s directly in the model that we wrote about in the book. So we talked about one of those three factors being meaningful work. Well, one of the dimensions of meaningful work is belonging. And belonging starts with connection and camaraderie, right? Developing relationships with people beyond just the tasks and duties of my job. We know that matters. We know that people will forego taking a new job just because they like the people that they work with and they don’t wanna leave that team. That shows up in the data consistently when you look at retention and turnover.

(18:43): But nowadays what we’re seeing is that when people don’t experience belonging, which is beyond just connection and camaraderie, it’s being an accelerated, uh, accepted member of a team for who you are and what you contribute. It actually drives people out the door to the point.

(19:00): Now, John, where last year when McKinsey put a report out about why so many people changed jobs after the pandemic, the number three biggest reason given for leaving a job was a lack of belonging. We know that the folks who practice DEI work in organizations across the country have actually added the letter B to the acronym.

(19:18): So when organizations decide that we’re gonna make a commitment to an inclusive workplace, it means we need to start and spark some conversations here about the naturally occurring differences between people and how we can make our workplaces acceptable and and inviting for folks from all walks of life.

John Jantsch (19:34): It’s, it is funny, I think I read somewhere when they were talking about retention. They were saying one of the like key kind of practical like measurable ingredients was does, you know, does the employee have a best friend at work?

(19:45): And that, that was like a real, I mean, if they didn’t, you know, they didn’t ever really connect with anybody at work, they were probably gonna leave. I was pretty interested.

Joe Mull (19:53): That’s absolutely right. And a lot of that research is really focused, not even non, you know, best friend at work is different than best friend at home, right? Sure. But best friend at work means is there somebody that I can vent to who understands what I go through, but also who knows my story outside of work and knows who I am as a person.

John Jantsch (20:09): Yeah, yeah, absolutely. All right, so let’s hit another trendy topic. Where’s AI going to fit in this? I know a lot of employers look at this and go, oh great, we can get a lot more done with fewer people. And then there’s certainly a lot of hand ringing in the media about, you know, your job AI is coming for your job.

(20:26): I’d love to hear, you know, again, if we’re gonna talk about being the destination workplace, you know, where does that fit into the destination workplace?

Joe Mull (20:33): I actually don’t think AI is gonna have a dramatic impact on what activates people at work, what leads them to commit to doing a great job. The emotional and psychological buttons and levers, if you will, that lead people to wanna be a part of an organization and do great work for an organization.

(20:51): It’s certainly going to create a whole host of jobs and industries that we haven’t even thought of yet. It’s absolutely going to influence a whole host of industries and jobs that we’ve long expected to be there forever. A lot of the questions that I’m getting around AI right now in terms of employees and bosses are focused on the ethics of it, right? Right. So is, so how should I feel if one of my direct reports is using AI to get some of their work done?

(21:16): Is that ethical? And, you know, my whole thing comes back to are they passing it off as a skill that they possess? Because if that’s the case, then there’s an ethical question there. Yeah. But if they’re saying, I can be more productive, I can improve the quality of the work that I’m doing by using this new tool, then I say, let ’em have it and let them have it soon because they’re gonna tinker with it and learn about it and share it with others in your organization. And you’re gonna be ahead of the game around a technology that’s constantly changing.

(21:44): But at the end of the day, John, most people believe they, most people do a great job when they believe they have a great job. And I don’t think AI’s gonna change that.

John Jantsch (21:52): You know, I’m seeing a couple things. First off, I’m seeing people seeing it as, you know, again on all those like surveys that people take, do I have the tools I need to do my job?

(22:00): And I think some people are saying, this is a great resource , you know, to help me do my job. I’m also seeing, or at least starting to see an inkling, and we’ve seen it in our organization. Uh, it’s a tool that’s allowing people to take people who are maybe less experienced and raise their skills up a lot faster and get them to do work that is maybe more strategic because now, you know, they have a tool that that if nothing else can, you know, can take away some of the, you know, the, the SOP, you know, type of work. So, you know, who knows where we’ll end up. But I think today as we’re moving through rapid change, uh, I think I see a lot of positives.

Joe Mull (22:37): And you’ve just described email when it arrived, right? You know, it is a tool. It enhances, it improves, it can make us more efficient and more productive. And you know, there was a lot of fear back then too. Same thing was true about electricity, right? Electricity is coming into our houses and it’s gonna kill us all. But the car, you know, it’s just a Yeah.

John Jantsch (22:53): The telephone, right?

Joe Mull (22:54): That’s right.

John Jantsch (22:57): Absolutely. So Joe, I appreciate you taking a few minutes to stop by the Duct Tape Marketing Podcast and talk about employalty. Tell us where people can connect with you and obviously pick up a copy of the book.

Joe Mull (23:09): Yeah, thank you for that, John. The book is available anywhere you like to buy your books. Employalty is just E M P loyalty. Or you can search my name, Joe Mull, m u l l. Shout out to independent bookstores everywhere. If you wanna support your local independent bookstore, you can go to indiebound.org and source the book from there. And me personally, I’m over @joemull.com.

John Jantsch (23:31): Awesome. Well, again, thanks so much for taking a few minutes out of your day to stop by the show, and hopefully we’ll run into you one of these days out there on the road.

Joe Mull (23:39): Thanks, John. Great to be with you.

John Jantsch (23:40): Hey, and one final thing before you go. You know how I talk about marketing strategy before tactics? Well, sometimes it can be hard to understand where you stand in that, what needs to be done with regard to creating a marketing strategy. So we created a free tool for you. It’s called the Marketing Strategy Assessment. You can find it @marketingassessment.co, not.com, dot co. Check out our free marketing assessment and learn where you are with your strategy today. That’s just marketing assessment.co. I’d love to chat with you about the results that you get.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.


Did you miss our previous article…
https://www.sydneysocialmediaservices.com/?p=6482

Rewiring Organizations For A Successful Digital Transformation written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Rodney Zemmel

Rodney Zemmel, a guest on the Duct Tape Marketing PodcastIn this episode of the Duct Tape Marketing Podcast, I interview Rodney Zemmel. He is co-leader of the McKinsey Digital Practice,  a senior partner based in New York, and a member of McKinsey’s Shareholders Council, the firm’s board of directors. He serves clients across a range of industries on growth strategy, performance improvement, and value creation by harnessing the power of data and analytics, digital culture and capabilities, and modernized core technology.

He is the co-author of Rewired: the McKinsey’s Guide to Outcompeting in the Age of Digital and AI. This book shares the lessons McKinsey has learned helping companies deliver successful digital and AI transformations into a detailed “how to” manual. 

Key Takeaway:

Digital transformation requires organizations to rewire their processes and operations, leveraging new technologies to achieve value. It’s important that organizations take ownership of their digital transformation as an ongoing journey and actively learn to implement changes in order to keep improving. Rodney highlights the significance of selecting the right areas for transformation that can deliver a differentiating value, plus the importance of upskilling and reskilling existing talent within digital changes.

Questions I ask Rodney Zemmel:

  • [01:48] How much collaboration or maybe fighting goes on to structure a book like the McKinsey guide, that’s effectively going to represent the brand itself?
  • [03:20] Do you see this book as something you can take to a client and say we’re going to walk each of the sections here?
  • [04:28] Why is the title of the book “Rewired”?
  • [08:56] How does somebody start addressing what is essentially a line-by-line audit of everything they’re doing?
  • [12:22] Would you look at the value derived by digital technologies differently than by producing customer value or revenue?
  • [14:23] Are you advising companies that they might need to get different people or new people on these digital changes?
  • [16:32] Are there organizations that are significantly behind in this rewiring?
  • [17:50] Is there a correlation between leadership inside of an industry by how digital it is?
  • [19:02] Are you seeing people wasting a lot of time and money on AI because it’s the trendy thing of the moment?
  • [20:07] How crippling is any of this without access to data inside an organization?

More About Rodney Zemmel:

  • More about Rewired: the McKinsey’s Guide to Outcompeting in the Age of Digital and AI
  • Get in contact with Rodney

More About The Agency Certification Intensive Training:

  • Learn more about the Agency Certification Intensive Training here

Take The Marketing Assessment:

  • Marketingassessment.co

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John Jantsch (00:00): Hey, did you know that HubSpot’s annual inbound conference is coming up? That’s right. It’ll be in Boston from September 5th through the 8th. Every year inbound brings together leaders across business, sales, marketing, customer success, operations, and more. You’ll be able to discover all the latest must know trends and tactics that you can actually put into place to scale your business in a sustainable way. You can learn from industry experts and be inspired by incredible spotlight talent. This year. The likes of Reese Witherspoon, Derek Jeter, Guy Raz are all going to make appearances. Visit inbound.com and get your ticket today. You won’t be sorry. This programming is guaranteed to inspire and recharge. That’s right. Go to inbound.com to get your ticket today.

(01:03): Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch. My guest today is Rodney Zemmel. He’s a co-leader of the McKinsey Digital Practice, a senior partner based in New York, and a member of McKinsey’s Shareholders Council. The firm’s board of directors serves clients across a range of industries on growth strategy, performance improvement, and value creation by harnessing the power of data and analytics, digital culture and capabilities, and modernizing core technology. We’re gonna talk about a book that he co-authored called Rewired: The McKinsey’s Guide to Out Competing in the Age of Digital and AI. So Rodney, welcome to the show.

Rodney Zemmel (01:46): Thanks for having me on, John, it’s a pleasure to be here.

John Jantsch (01:48): So I have to ask as an author also, but as an author who basically has only an editor to answer to, I’m wondering how, how writing a McKinsey guide like so a, a tool that’s effectively going to represent the brand and be put out there as the tool that everybody uses. How much collaboration or maybe fighting goes on to structure a book like that?

Rodney Zemmel (02:11): Your podcast is only 20 minutes, right? ? So it’s actually, I think this is the first book that we’ve ever put the words McKinsey Guide on. Okay. So this was a very conscious step on our part. Yeah. And the model we had in mind, there’s a book called Valuation, which our, our firm has had an updated every year for the past 20 years or more. And that really is like the guide for corporate finance executives on how to value a company. And it’s sort of become like a standard business school textbook. Yeah. There’s no equivalent in the world of digital. And there’s a bit of a sense that digital was a bit sort of the wild west in terms of, oh, it’s all about agile and people improvise the method and you can’t measure things as well. And you know, you’ve gotta try it and see, and we don’t believe that, right? We believe there is a systematic method that has proven to get results. That’s what we tried to create. And the three of us who did this together, myself, Kate, and Eric, we actually worked together and different clients around the world all the time. So we had a lot of fun on it. So, you know, there was maybe, you know, debates around the best way to say something or whose data and whose examples to use, but there wasn’t much, uh, sort of real, you know, real, real tension and putting it together.

John Jantsch (03:19): So, so is this the, you know, junior consultant at McKinsey’s, you know, book to take into a client and say, this is, you know, we’re gonna walk work through, you know, each of the sections here. Obviously everybody’s different, but I mean, is that how you see it?

Rodney Zemmel (03:32): I actually think this is the client’s book to read, right? And for them to like understand how to do things themselves in their own organizations, and of course by all means, call us if there’s a need to help. But, you know, we actually do think there’s a better way to do this. And you know, we know the fact that only 30% of digital transformations are hitting the value that they’re intended to hit. And we wanna see the world do better. And frankly, we we’re, we’re far enough down the learning curve here that I know we’re putting sort of a lot of intellectual property out in the world through publishing this book and, you know, anybody that can have it and therefore, you know, do you, do you need to call us or not? We’re confident that this is about sort of a learning journey for clients and people who are further down the learning curve are always gonna want to get better and better. So I feel like we’ve sort of published the, you know, the 2.0 version here and there’s always gonna be a 3.0 and a 4.0 that people will need help on.

John Jantsch (04:25): So why rewired? I mean, I think a lot of people would say, well, you know, for the last 20 years I guess since we came on the internet, we’ve been wired, right? I, again, I’m tossing that up for you to smack it outta the park, but, but I think that, you know, a lot of people would think, why are we having to rewire what’s different?

Rodney Zemmel (04:44): Great

John Jantsch (04:44): Question. Is it just an evolution?

Rodney Zemmel (04:46): No. So I look, I I’ll give you an example, uh, the answer to that using like generative AI, which is like the hottest conversation topic in the world right now, right? Generative AI is the coolest thing and it’s deceptively easy to go pilot and go trying your business, you know, in the marketing function, in customer engagement and go do a cool pilot and get things up and running. However, it’s really hard to get it working at enterprise scale and get real measurable value from it, right? So if you wanna write somebody a birthday poem or if you want to on a one-off basis send some cool customized things to a customer, it’s easy to do. If you want to build a system where you can send tens of thousands of customized things to customers every day in a way that is safe, in a way that really reflects the personalization preferences of that customer in a way that doesn’t let bias creep in a way that has measurable economic impact, then it’s not enough just to go launch a piece of technology. You actually need to rewire your commercial function around that technology. So there’s this idea that it’s not about like, you know, sticking a coat of paint on it that you actually do need to go and fundamentally rewire the house to take advantage of these technologies.

John Jantsch (05:58): A and do you get the sense that all over, you know, companies in, in all over the world that there are little pockets of people just doing this on their own and that’s that there’s a real danger in what you of not sort of institutionalizing, you know, whatever methods you take.

Rodney Zemmel (06:12): Absolutely. So, you know, when we did our interviews with companies, so what we tried to do is say, look who’s creating value from digital transformation? And you know, there’s about a quarter of companies who we think are really hitting their economic targets between 25 and 30%, depending on the kind of transformation. And we did interviews with them and then we did interviews with the ones who were missing and then with some who were somewhere in between. And one of the most common things we heard, like one of the most common failure modes was I’ve got more pilots than an aircraft carrier , right? So, you know, a CEO or a chief marketing officer says, you know, we’re going big on personalization, we’re going big on digital customer engagement and next thing you know, it’s everywhere. But there isn’t actually a top down roadmap of how to do it with real milestones and metrics and uh, around it.

(07:01): And a real fundamental change in the operating model. If you’ll let me actually, sorry, this maybe a longer answer than you’re looking for, but there’s a beautiful example in the banking industry. Um, so if you use any banking app, right, the customer banking apps, the private banking apps, whatever, every bank’s app is basically the same, right? Some are designed a little bit better than others, but they all have the same functionality. So we were at a round table with consumer banking CEOs and a few of them said, you know, digital is table stakes. It’s something we have to invest in, but it’s not, uh, competitively differentiating. We said, we don’t think that’s true, let’s actually go look at the data. And what we did was we got the data on actually how they were doing digital. We looked outside in and did some interviews at the work practices across the different banks, and then we looked at their economics and we saw that actually again, it was about the same ratio.

(07:47): About 25% of them were actually making money. Were showing positive return on equity, were showing positive growth per, in value per customer through their digital initiatives. You could not tell that if you just looked at the customer apps, right? They were the same mm-hmm. , you could tell that if you started asking questions like, how does business and technology work together in your organization, right? Do you really have a proper agile operating model? Right? Do you have a single set of digital priorities across the company? Do you have a, a clear technology architecture with the specific set of features to it? Do you have, so when you went through and it sort of wasn’t just, you know, the front of house, but that actually rewired all the way from front to back, those were the ones who were making money from it.

John Jantsch (08:32): Yeah. It’s kinda like the apps were just an interface and really nothing more .

Rodney Zemmel (08:36): Yeah, yeah. And the necessary, right, but not sufficient.

John Jantsch (08:39): Yeah, they were, they, they replaced tellers though is how they looked at it. So, so the book is broken up into sections. The first one really is the transformation roadmap. So I mean, how are you advising people? Because just what you explained was a transformation of how somebody would look at their entire business. So what, you know, how does somebody start addressing, you know, what is essentially, you know, a line by line audit of everything they’re doing?

Rodney Zemmel (09:04): Yeah. So I don’t think it shouldn’t feel like an audit, right? So I will, I’ll use generative AI as an example again, right? So I was with a company a couple of weeks ago who said they’ve got 75 different pilots going across their organization on Gen AI. And their question for us was how should they organize and govern those and prioritize them and resource them and so on. And you know, answer to that a little bit qui is don’t do that, right? It’s just right. If you’re doing 75 things in this new and fast moving area, you’re not gonna be able to do them well. What you actually need to do is to step back and say, where is the value really going to be in changing your business? And yes, there are easy things to do with gen ai, maybe in HR around recruitment or maybe in finance with, you know, being able to pull from different feeds across your finance systems and so on.

(09:53): But is that really gonna drive differentiating value for your business? Is that something you should spend time on? Or is that something that all the various software companies you work with, they’re gonna go innovate within their own product? Instead, pick the area that’s unique to you and that can really drive value. Don’t pick tons of areas, pick one area. It has to be an area that’s big enough to matter. And our rule of thumb is 20% of ebitda, it’s not gonna drive a 20% EBITDA improvement in a particular area. It’s not gonna be big enough to sustain people’s attention. So pick an area unlike that and then develop the real plan around that. And it’s never gonna be one use case, right? A while ago, five years ago, there was this idea of like the silver bullet use case, right? If only we could do amazing, you know, supply chain forecasting, right? We wouldn’t get caught out in the chip shortages or whatever it is, but it’s multiple use cases that need to sort of feed together Our, our data actually says it’s 11 companies who had 11 use cases within a particular domain or adjacent domains were the ones who were more likely to sort of cut through into being in that quadrant that’s creating value.

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(12:22): So, so let’s talk about value then for a minute. Because some of the AI, for example, or some of the tech technology, digital technology, maybe it doesn’t deliver customer value, it actually delivers convenience or efficiency inside the organization. So would you look at that as a different, would you look at that value derived in that manner differently than you would say producing customer value or revenue?

Rodney Zemmel (12:48): So again, we’ve seen a shift here, right? So when we looked at our sort of digital transformation surveys of three, four years ago, cost was 70% of the focus, right? Um, and that’s because it was the most measurable part and because a lot of the early customer journeys were very tractable to cost. Like how can we, you know, get people out of branches, right? And into the app. How can we get people instead of making phone calls to using the website, right? And you can very easily look at, you know, sort of per employee productivity and manage that cost down what we’re seeing now, it’s not, that’s gone away, right? That’s still there, but there’s been a flip, I would say it’s now 70-30 growth to cost and even things that initially look like cost. So again, I’ll talk gen AI cuz it’s the flavor of the moment, right?

(13:34): Gen AI is gonna be a great way of saving cost in customer contact centers, but it’s even better at creating unbelievably strong customer engagement, right? I mean there’s this amazing survey from the UK where people who were using a gen AI chat bot, instead of talking to a real physician, they could tell it was a chat bot, right? So the original test was can you tell whether it’s a robot or a human? And they could tell it was a robot, however they found it more engaging and more empathetic, right? Than the real doctor, right? So if you think about what that means for a customer center, yes you’ll be able to save some costs, but more importantly you’ll be able to create a level of engagement that’s gonna drive cross sell, that’s gonna drive growth, that’s gonna drive new product ideas in a much better way than what you’re doing today. So we’re really seeing a shift to people using it for growth.

John Jantsch (14:22): Would you, are you seeing or are you advising companies that they might actually need to get different people or new people on the bus?

Rodney Zemmel (14:32): I’ll give you a yes, but right. So there was this giant trend, you know, five to eight years ago around go to Silicon Valley or you know, go to London or you know, New York and you know, sort of hire the cool kids from digital natives to come to your company. And that turned out to be a great way to change the dress code , but not a great way to change the corporate culture. And some of those people have been successful, but many of them have actually not stuck. And a little sprinkling of digital talent is not enough to change the company. So the whole sort of chapter two about talent here is as much about upskilling and re-skilling as it is about hiring in, you know, the digital natives. And we’ve been amazed by how far companies can go in particular companies that are in industries where there’s already a high degree of sort of numeracy like people with engineering backgrounds and so on, how far they can go with reskilling and up-skilling their existing workforce drive real digital impact.

(15:29): We work with a company in, in Baghdad that’s Baghdad, Arizona, not the other Baghdad a copper mine. And they’ve built an amazing data organization and I sort of feel like if you can do it in Baghdad, Arizona, which you know, it’s probably only a two hour flight from Silicon Valley, but it’s pretty far from Silicon Valley, sort of, you know, spiritually, if, if you can do it there then you know this idea that you need to be in one of the big metro areas and you need all the, you know, young digital native talent. It’s just not true.

John Jantsch (15:57): Yeah. And I’ve seen a lot of initial research that is suggesting, again, AI is actually allowing people with maybe less experience to do more complicated work. And so I think there is part of that, that they’re using the tools to, up to your term upscale, uh, some of the workers. But I think it’s also allowing people, you know, call center example, you know, they have access to real time answers and you know, they’re, even though they’re less skilled. So I think that’s, it’s a combination of those things probably.

Rodney Zemmel (16:24): That’s right. Provided you do it with the senior management layer as well. Right? So any upskilling needs to be about the frontline and the senior people.

John Jantsch (16:32): Are you finding that there are organizations that we maybe wouldn’t guess this to be true, that are just significantly behind in, in this, uh, rewiring?

Rodney Zemmel (16:42): You know, there’s a chart, I can’t remember if we put the chart in the book or not, actually I think we didn’t. But we have a survey that we call dq or Digital Quotient survey. And it’s basically a, a questionnaire you can rent to see how digital a company is. When we first started doing this, there were very nice patterns by industry, right? You’d see like high was all the way at one end and you know, public sector was all the way at the other end. Retail was somewhere in the middle. And you know, energy was also, you know, off to the slow end. What we see now is first all industries have moved, but second of all, the variation within industry is actually bigger than the variation between industries. Mm-hmm. So, you know, the energy company that has really embraced digital is as digital as the average high tech company. And the consumer goods company that’s been on laggard in embracing digital is as behind as, you know, the public sector or, or you know, or healthcare services company. So the spread has gone much, much wider. In addition to that, there’s a learning curve, right? It takes a while to get going, but then once people are going, you see them getting better and better on the digital quo.

John Jantsch (17:49): And are you also, is there a correlation with leadership inside of an industry by how you digital it is?

Rodney Zemmel (17:53): Great question. So one of the things we asked in the survey where we were passing the companies into sort of the digital leaders, the digital average and the digital magnets was how many people on your executive team are digitally savvy? Mm. And when I first saw the data from that, I actually thought the team was giving me a chart with like the dummy data. Like this was like the chart to fill in once we have the real data. Cuz the correlation was sort of perfect, but it turns out that was the real data. And if you have an executive team that might have, I don’t know, a dozen members on it, if you’ve got seven or more people who are digitally savvy, your chance of ending up in the high performing segment are really high, like 80%. And if you’ve got one or two people who are digitally savvy in that group, your chance of being in the high performing segment are less than 20%. So the thing it most clearly correlates with is actually the savvy, the tech savviness of your leadership. Now of course there’s correlation and causation there and you can debate the order and so on. Yeah, yeah. But it’s still very clear that, you know, it’s hard to be a digital leader if you’re just, if you know, if every conversation someone’s looking to the CDIO or the CMO, right? It needs to be the team.

John Jantsch (19:01): Yeah. So are you also seeing people wasting a lot of time and money on we gotta do that AI thing , because it’s the sexy thing of the moment.

Rodney Zemmel (19:10): You know, I, that’s sort of why we wrote the book. I mean, it’s, this is being done. There’s so much swirl, right? It sort of gives the field almost a bad name, right? There’s so many people who are running around, you know, saying they’re agile or, you know, launching the demonstration projects or talking about things in their annual report or in investor days that don’t actually follow all the way through. It’s just massive wasted effort. I mean, you know, if you’d have bought stock in the world, digital transformation in 2015, right? You’d be very wealthy now just based on word usage. This is why we’re sort of arguing for this more organized and less wasteful approach. And you know, while I’m excited about gen ai, I think part of the worry with Gen AI is there’s a little bit of a risk that it sends us, like back to 2018 in digital transformation where it’s just so easy to fire up these pilots. But if you don’t actually rewire the house, then you’re not gonna get the value from it.

John Jantsch (20:06): How, um, crippling is any of this without access to, uh, data inside an organization?

Rodney Zemmel (20:16): So there is no question that all these trains ride on rails of data, right? You need the data. So, but maybe like, maybe just a couple of surprises to us, or maybe they’re not surprises, but things that we learned did the research, first of all, it isn’t just about your own data, right? That there’s almost no company who’s been super successful here just relying on their own, you know, amazing trove of proprietary data. It’s actually about how you put your own data and the world’s data together in interesting and safe ways. That’s thing one. Think two is while data is critical, having the most modern systems in the world is not critical. And I think one of the big unlocks in digital transformation has been moving away from an excessive focus on core technology modernization and into a focus on solving back from where the value is.

(21:09): So we’ve worked with companies who’ve had the data, I mean literally in filing cabinets, right? Not even digitized, right? And by being very selective with what are you trying to do? Therefore, what data do you need? Now that data, the data you need, you know, does need to be in the cloud, right? But you can build very efficient now sort of cloud, you know, we explained in the book sort of cloud like data extraction layers, just focus around what you need and the old fashioned approach that says, first let’s build this like giant data lake with everything in it. Right? Then let’s splash around in the lake for a while and see what comes out. Right. Ends up being quite wasteful.

John Jantsch (21:45): Yeah. I mean that’s part of the challenge with data is there’s so much of it and we can measure everything. And like you said, most of it doesn’t matter, probably . Yeah.

Rodney Zemmel (21:53): But we would say in data, start back from where you think the value is. Think as much about the world’s data as your own data, and then think about quality over quantity. And then don’t get concerned about legacy systems. There’s almost always a workaround, right? To allow you to decou on looking at the data from, you know, pinging your system every time. Yeah.

John Jantsch (22:14): So final question. Uh, do you see Rewired making any, some fun summer beach reads, uh, list, uh, this year

Rodney Zemmel (22:23): ? I hope so. I’m certainly gonna be sitting on the beach reading it.

John Jantsch (22:28): The other problem is it’s a bit of a beast. So it, it was way down that bag.

Rodney Zemmel (22:32): You know, I just flew across the country with a few copies of it in my backpack and I certainly, uh, got, got some, uh, some exercise from it. Look, I think that it, it, it, it is definitely written to be dipped into, right? It is the manual to say, okay, let’s talk about technology. Right? Let’s go to chapter four on technology rather than the straight end-to-end read. But, uh, you know, I hope people, if people enjoy reading it nearly as much as we enjoyed writing it, then we’ll have succeeded.

John Jantsch (22:57): Awesome. Well, Rodney, I appreciate you taking a few moments to stop by, uh, the Duct Tape Marketing podcast. You wanna invite people where they might connect with you or obviously get a copy of the book.

Rodney Zemmel (23:07): Sure. I mean, all the info’s on, mckinsey.com or you can, uh, reach me directly on, uh, rodney_zemmel@mckinsey.com. And, uh, I hope you liked the book.

John Jantsch (23:17): Awesome. Well, again, I appreciate you taking a few moments to stop by and hopefully we’ll run into you one of these days, uh, soon out there on the road.

Rodney Zemmel (23:25): Fantastic. And John, you can read more about the book on, I think it’s mckinsey.co/rewired, but I’ll, I’ll correct that URL if I’m giving you the wrong URL

John Jantsch (23:33): Background. Okay. And we’ll have that in the show notes as well. All right.

Rodney Zemmel (23:36): Okay. Thank you.

John Jantsch (23:38): Hey, and one final thing before you go. You know how I talk about marketing strategy strategy before tactics? Well, sometimes it can be hard to understand where you stand in that, what needs to be done with regard to creating a marketing strategy. So we created a free tool for you. It’s called the Marketing Strategy Assessment. You can find it@marketingassessment.co, not.com. Co. Check out our free marketing assessment and learn where you are with your strategy today. That’s just marketing assessment.co. I’d love to chat with you about the results that you get.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.

Scaling Your Business Without Adding Overhead: The Proven Strategy written by John Jantsch read more at Duct Tape Marketing

Scaling is the business owner’s dream, but it doesn’t always work out the way they imagined…

The reality is, growth and scale aren’t the same thing. A lot of times, you might be growing your business, seeing more revenue, and attracting more customers. Yet, instead of scaling upward, you’re scaling sideways. You’re running faster, spinning more plates, and despite the apparent growth, you’re working more and earning less.

Does this resonate? If so keep reading.

In order for you to actually start scaling your business upward without adding unnecessary overhead, you’ll need to first shift your mindset. You have to transition from being the doer to the orchestrator. Get out of the weeds, stop focusing solely on the tactics, stop trying to actually play all of the instruments and instead start conducting the orchestra.

How to Stop Scaling Sideways

In the chaos of scaling, it’s easy to get stuck in the cycle of running as fast as you can and trying to balance acquiring new customers with retaining existing ones. Sideways scaling will quickly drain your resources and leave you feeling overwhelmed.

So, how can you transition from being the doer to the orchestrator?

  • Define Your Package

  • The Price is Right

  • Build a Repeatable System for Fulfillment

  • Climb the ‘Exit Ladder’

1. Define Your Package

You need a repeatable scope. Come up with a strategy or package that outlines what you do, how you do it, the expected results, and what it costs. This approach streamlines the process and sets clear expectations.

Sometimes our clients don’t know what they actually need and our job is to give them what they need and help them understand why they need it. So if you can develop your value offer or package, and share the exact steps with your potential clients the path to growth will be clear for them and you will start to attract more of the right type of clients.

2. The Price is Right

It’s price which allows you to make the profit that you need to scale your business without adding overhead. When you have the right message and the right package, you attract the right clients who are willing to pay a premium because you have identified the problem that they are trying to solve.

A few tips to decide how you should price your services are to focus on the top 20% of your customers, go for quality not quantity, and work backwards from your growth targets. Here are some more tips on how to better price your services.

Scaling Your Business Without Adding Overhead: The Proven Strategy

3. Build a Repeatable System for Fulfillment

The third part of scaling upward without adding overhead is creating a repeatable system for fulfillment. Once you’ve sold the package at a premium price, you need a system for delivering that service in a repeatable way. This allows you to delegate certain tasks to third parties, partners, or freelancers without having to hire more employees.

If you can successfully package your service, price it correctly, and develop a repeatable fulfillment system, you’re well on your way to scaling your business without adding overhead.

How to Scale Your Agency or Practice Without Adding Overhead In 7 Steps

Taking the time to invest in scaling your business can feel overwhelming. This workbook will break it all down for you in 7 easy steps that have helped our Duct Tape Marketing Certified Agencies grow and scale their business to 7, 8, 9 figures and beyond.

4. Climb the ‘Exit Ladder’

This may all sound great, but you may be wondering how to put all this together and where you will find the time. Well, that’s where the concept of the “Exit Ladder” comes in. If you’re ever going to create this package and develop partners, you need to start removing yourself from certain parts of your business.

The first step is to get out of the day-to-day admin work. There are people who would love to handle this for a fraction of what you can afford. Once you’ve done this, you can focus on creating a fulfillment system and developing partners.

Remember, scaling your practice without adding overhead is possible you just have to have the right system in place.

Did you miss our previous article…
https://www.sydneysocialmediaservices.com/?p=6474

How To Turn Adversity Into Purpose Through Mindset written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Siri Lindley

Siri Lindley, a guest on the Duct Tape Marketing PodcastIn this episode of the Duct Tape Marketing Podcast, I interview Siri Lindley. She is a two-time world champion triathlete and winner of twelve ITU World Cup races. She’s the top female triathlon coach in the world, she’s guided Olympic medalists and Ironman champions to not only become better athletes but also better people. Siri is also a life coach, keynote speaker, and the Founder of two non-profit organizations.

Her upcoming book Finding a Way: Taking the Impossible and Making it Possible. This life-giving guide is for readers who are feeling stuck between the life they want to live and the life that they’re living now. It gives you the tools and strategies you need to find a way through your struggles and on to triumph.

Key Takeaway:

Siri shares her inspiring journey emphasizing the importance of taking control of one’s life and mindset in order to overcome challenges and achieve personal growth. She explains the power of making conscious decisions, focusing on what one wants, and taking responsibility for one’s experiences. She attributes her survival and thriving to her belief in herself and the meaning she assigned to her challenges. Furthermore, she highlights how failure becomes an opportunity for learning and growth, while gratitude, support, and living with purpose and love are essential in everyone’s journey.

Questions I ask Siri Lindley:

  • [02:04] Your life has some pretty amazing chapters. So did you find a way to condense it into your book?
  • [04:46] How did you get involved in triathlon?
  • [06:22] At the top of your game you’re diagnosed with a disease that gave you around a 5% chance of survival. How did that change the game?
  • [08:52] How much of your beliefs do you attribute to actually surviving?
  • [12:23] I know you have accomplished a lot already, but I suspect that surviving when you weren’t expected to, drives you to say, who am I not to accomplish more, right?
  • [15:43] You coach athletes and non-athletes as a life coach. Is there really a difference in terms of how you break through?
  • [17:03] As a triathlete, how much of your success is mindset?
  • [20:47] Tell me a little bit about your nonprofits.

More About Siri Lindley:

  • Get your copy of Finding a Way: Taking the Impossible and Making it Possible. For every book sold, $2 is donated to Feeding America and the rest of the profits go to Siri’s non-profit Believe Ranch and Rescue.
  • Get a free chapter of Finding a Way by texting “GOFIRST” to 66866

More About The Agency Certification Intensive Training:

  • Learn more about the Agency Certification Intensive Training here

Take The Marketing Assessment:

  • Marketingassessment.co

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): Hey, did you know that HubSpot’s annual inbound conference is coming up? That’s right. It’ll be in Boston from September 5th through the 8th. Every year inbound brings together leaders across business, sales, marketing, customer success, operations, and more. You’ll be able to discover all the latest must know trends and tactics that you can actually put into place to scale your business in a sustainable way. You can learn from industry experts and be inspired by incredible spotlight talent. This year. The likes of Reese Witherspoon, Derek Jeter, Guy Raz, are all going to make appearances. Visit inbound.com and get your ticket today. You won’t be sorry. This programming is guaranteed to inspire and recharge. That’s right. Go to inbound.com to get your ticket today.

(01:03): Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John ch, and my guest today is Siri Lindley. She is a two-time world champion triathlete and winner of twelve ITU World Cup races. She’s the top female triathlon coach in the world, she’s guided Olympic medalists and Ironman champions to not only become better athletes but also better people. Siri is also a life coach, keynote speaker, and the Founder of two non-profit organizations: Believe Ranch and Rescue, and Horses in Our Hands Survivor and Thriver. And we’re gonna talk about her new book: Finding a Way: taking the Impossible and Making It Possible. So welcome to the show.

Siri Lindley (01:47): Well, thank you for having me, John. I’m thrilled to be here.

John Jantsch (01:51): So you took just like the most traditional path available to becoming a coach and author, and so your life has, and I’m sure you’ve spent a lot of time telling this, your life has some pretty amazing chapters. So have you found a way to kind of condense it into here’s, you know, here’s my background?

Siri Lindley (02:13): Well, you’re exactly right. And I think every single one of us have different chapters in our lives. And what I’ve realized in my life is that it’s been through my greatest challenges that I of course, experienced the greatest growth. And in those moments, you know, the decisions that I made in order to move out of a space of suffering are exactly the decisions that move me forward towards the life that I dreamed of living. But I think that my story, you know, as a kid, as a college student, I was overwhelmed with fear and anxiety. I was a student at Brown University, three sport varsity athlete, but on the inside I was just slowly dying. I was really suffering with anxiety. And in those days, people didn’t talk about anxiety, they didn’t talk about fear, they didn’t talk about ocd. So I thought I was just this crazy person.

(03:17): And this kind of led me to my greatest mentor, Tony Robbins, with his first book that he’d written Unlimited Power. And this book woke me up to the truth that I am the conductor of my own symphony of life. And if I don’t like the music I’m creating, which I didn’t, I was very unhappy. I’m the only one that has power to change me. And I think so often we forget that life is in our hands and we need to own the experience that we’re having because what we’re experiencing in life is a result of what we’re focusing on. The meaning we’re giving things and the decisions that we make, what we choose to do about it. And at that time, I was creating a tragedy. So I decided that instead of always focusing on everything that was missing, everything that was wrong, anding, that I had no control over everything that I didn’t wanna have happen, that I was gonna use the same discipline that I put into my studies and in my sports, and use that to discipline my focus in as many moments as possible to focus on what I wanted, what I loved, what I had, and what I could control.

(04:31): And that started, kind of took me out of this horrible space I was in at that time, leading me to wanting to figure out who the heck I am. Because are, yeah, sorry, you,

John Jantsch (04:43): You, you were an athlete, but you did you just wake up one day and say, I’m gonna try the hardest sport possible, and oh, and by the way, I can’t swim.

Siri Lindley (04:51): Right? So I’d been a field hockey, ice hockey and lacrosse player, but I, at the time when I found triathlon, I actually had just discovered that I was gay. And it was a big discovery that was scary at that time. And my father, my hero, didn’t respond very well to that. And I lost my father when he realized that I was gay. So this kind of set me on this desperate mission. Mm-hmm. to prove to myself that even though I was gay, I could achieve something that I thought was special, that I could make a difference in the world, that I could be loved, that I could respect myself and find a worthiness from within. And it was literally the day after our phone call where that was it. At that time, when I found triathlon, I went and watched a race, and I just loved that there were people of all ages, sizes, abilities, but they were all just like digging so deep to right.

(05:49): Find more within themselves. So even though I didn’t know how to swim after watching that, I said, this is what I wanna do. And for me, for my sake to earn my own love, my own respect, I am going to, one day I’m gonna set the, the, the goal that one day I’m gonna be the best in the world, which was ridiculous. My first race, dead last, my first race, I’m yelled at, you know, people laughing at me. But for me, there was a really important reason why I at least had to show up and lean in and try.

John Jantsch (06:21): So at the top of that game, you’re diagnosed with a disease that gave you somewhere around 5% chance of survival. So how did that change the game

Siri Lindley (06:34): In every way? I mean, it’s in that moment, I think I’d spent my lifetime up until that point wanting to find freedom from within, wanting to find freedom from my pain, freedom to be all of who I am. And I’d found it, you know, I’d found it. And then I get this diagnosis and it brought me to my knees. But in the same note, like I’ll never forget standing there with my wife, finally I’d found the love of my life. And the doctor is talking to me and saying, Siri, you know, you’ve got a myeloid leukemia, you’ve got a genetic mutation. And my wife is screaming at the top of her lungs, I hear his voice, and the story I’m hearing is this is the end. And I wasn’t willing to live that story. So in that moment, even though I didn’t believe it myself, I said, I’m gonna survive and I’m going to thrive.

(07:33): Now think about this, John, even though I didn’t like, did I believe that in that moment? No, I’m terrified. I’m brought to my knees, I’m devastated, but I couldn’t afford to live. Imagine how I would show up if I agreed that this is the end. Mm-hmm. , would I show up ready to fight and do whatever it takes and find a way and, you know, discipline my folks in every moment? No. If it’s the end, I’m gonna show up a lot different to I’m gonna survive and I’m gonna thrive on the other side. So what meaning do you give a challenge like that? What meaning do you give it? Are you giving it a meaning that’s gonna lead you to showing up in a way that is going to help you move towards what you want? Or are you showing up in a way that is going to ensure the end? It’s up to you. And even though in that moment when I said those words, I didn’t necessarily believe it, I needed to become the person that did believe that she would survive, that did believe that she would thrive on the other side. What would she do? Future me that survives this? What would she do? What actions would she take? What meaning would she give what’s happening and be her every single day until I became her?

John Jantsch (08:49): How, and I suspect this is still hard to talk about sometimes, but how much of that belief do you attribute to actually surviving

Siri Lindley (08:59): All of it? Because think about this. I mean, the meaning you give something determines how you show up, what energy you show up with, which then determines the actions that you take. And I believe that was the most important thing, was deciding, knowing that my outcome was to survive this, my outcome. And I remember saying it, you know, I walked into the first big meeting I had with my medical team, and when I walked in, I could see the looks on their faces. And it was that look of like, oh my God, she’s so young and this is so sad. And I walked in and I said, look, I’m gonna survive this and I’m gonna thrive on the other side. This is gonna be my most beautiful triumph. And if there is anyone here that doesn’t believe in that, I need you to leave. Because I need to surround myself with people that believe as much as I do that this is possible.

(09:57): So think about like, who are you surrounding yourself with mm-hmm. , and what are you clearly articulating what you want? And is everyone else that’s on, you know, are they on board? But the, you know, from that point in every single moment where I was deeply suffering, I mean, in my darkest moments, I would catch myself and I would say Siri, like focusing on how sick you are, how weak you are, how terrified you are, that is not gonna help you heal. So I would change the channel just to gratitude for the fact that I had health insurance, gratitude for my doctors, my donors, my mom who slept on the couch in the hospital every night. And that gratitude was the bridge from despair to hope. That gratitude gave me a little bit more energy where I could make, make better decisions on what to focus on, and thus fill myself with more of what I needed to actually take steps towards surviving. And we all can do this.

John Jantsch (10:58): And now let’s hear a word from our sponsor, marketing Made Simple. It’s a podcast hosted by Dr. JJ Peterson and is brought to you by the HubSpot Podcast Network. The audio destination for business professionals marketing made simple brings you practical tips to make your marketing easy and more importantly, make it work. And in a recent episode, JJ and April chat with StoryBrand certified guides and agency owners about how to use ChatGPT for marketing purposes. We all know how important that is today. Listen to marketing Made Simple. Wherever you get your podcasts.

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(12:22): So I have heard, you know, many people who have overcome such adversity survived, uh, when they weren’t expected to, you know, come out of the other side of that with like, well now I really, I have a debt to pay, right? I mean, I now have to, like, you had accomplished a lot already, but I suspect that that drives you to say, you know, who am I not to accomplish more?

Siri Lindley (12:43): 1000000%, John. I mean, you’re spot on with that. And you know, I lost a lot of friends that were on the same clinical trials as me, as me, and I’m not gonna live this life with survivor’s guilt. I’m gonna live this life with survivor’s responsibility, that I have a responsibility to bring every ounce of my soul into this world and to hopefully make a positive difference in the world and every human that I encounter. And that’s where this book was born. You know, that there was a very powerful moment as I, where I was really sick and I actually didn’t know, you know, God, what if I’m not here tomorrow? Mm-hmm. . And in a moment like that, you start thinking about, well, gosh, like is it okay if, like, if this is my last day, did I live my life in a way that, that I, I’ll be happy with?

(13:37): And as I thought about it, you know, there were certain things that, that were the most important to me. And that was, did I love with all my heart? Did I love everyone in my life? Did I show them love? Did I tell them I love them? Did I love what I did? Did I love myself? Like, like did I love with all my heart? Did I live fear fearlessly? Meaning did I say yes to things that scared the crap out of me? Yeah, I had, you know, I did triathlon, I sucked. That was scary. I did it. So that was fearless. But you know, there are other things I can do more. I can be more. And lastly, you know, did I make a difference in the world? And I had, you know, with my athletes, I touched their lives. I made a difference.

(14:25): But I thought, God, there’s just so much more that I can do. In that moment, John, in that moment of reflection that was really difficult in that moment, I realized what my purpose in life is. My purpose in life is to love with all my heart, to bring love into the world, and you know, to live fearlessly, to be an example, and to every single day try and make a difference in this world. And so when people ask like, why did I write this book now? It’s because this book is all those things. This book is my mission, this book is my purpose. This book delivers all of that. And for me, I just know that it’s gonna help so many people because this isn’t a book about me, it’s a book about me saying, Hey John, let me take your hand. You know, I’ll tell you my story, but now, you know, let’s do a little deep dive into what matters most to you, and let’s find a way for you to overcome challenges that seem insurmountable. Let’s find a way for you to make the impossible possible. And that’s my gift. And I know that hopefully it will be a gift to everyone that reads it.

John Jantsch (15:42): So, so you coach athletes and you also coach non-athletes as a life coach. Is there a difference, really? Obviously they have different, totally different goals and things, but is there really a difference in terms of how you break through

Siri Lindley (15:55): John? I love that question because I had a hilarious, so I had an athlete, Merinda Carre of four time world champion, coached her for 14 years. And just in the last couple of years, I’ve really moved away from coaching triathletes and more coaching humans. And I was having a conversation with her and she said, but Siri, you’ve always been a life coach. And I’m like, what are you talking about? She said, oh my God. Like, yes, you coach swimming, biking, and running, but you are much more a life coach than like a swim bike and run coach. And so it occurred to me that this isn’t anything different at all. I’m just actually calling it what it should have been called all along. So that’s such a good question. I love that you caught that because no, it’s the same thing. A minus the going to the pool and you know, showing people how to swim and all the technical details. But I’m just continuing everything that I’ve done for 25 years.

John Jantsch (16:56): Well, most life coaching is about mindset changing or mindset adopting. And I mean, as a triathlete, how much of your success is mindset?

Siri Lindley (17:07): I, I would say, and I tell my athletes this, I know people talk about 80% mental, 20% physical. Right? I actually think it’s more, I think it’s like 90% mental, 10% physical. And any time you see an athlete struggling at any point in their career, it’s a mental shift that’s needed, not a physical one. Yeah. And so for that reason, there is, it’s like, you know, you have a, a formula with your duct tape marketing, you have a formula and it’s, you know, you’re showing people how to achieve and how to repeat those results and to continue to, like, it’s the same thing with as we stay attuned to our mental state and what we’re bringing to the table, whether it be in business, in sport, and our lives and our relationships, as we pay attention to that and we put the same formula to that, you can have that continued success. And it is absolutely crucial. It’s staying, it’s keeping you connected to, you know, what matters most to you, why you’re doing this in the first place, and staying connected to that and staying connected to a mindset that is gonna see you every single day, no matter whether you’re in a good time or a bad time, it’s gonna see you moving forward, not back. And that’s the key.

John Jantsch (18:28): You know, it’s funny, I think a lot of times when people think of athletes, all, all they really see is race day. Right? And I always laugh, I, because I think entrepreneurs, you know, are, it’s race day every day, , you know, and sometimes I don’t think, you know, a good athlete, I mean a true, you train hard, you rest hard, , you know, you focus on all the, you know, all the routines. And I think a lot of times entrepreneurs just show up and it’s race day every day. And we sometimes don’t take care of, you know, ourselves to prepare, you know, for race day.

Siri Lindley (18:57): That’s right. And I think, you know, uh, the thing about being an athlete, you may have a race once a month, but it’s day after day, showing up, leaning in and doing the work. You know, it took me eight years from when I started triathlon to become a world champion. It didn’t happen overnight. And there was a lot of failure involved. And I think this is crucial to, let’s look at your definition of success and failure. Let’s create definitions of those two things that actually see you building momentum and succeeding every day. For me, success was progress. If I make a tiny bit of progress every single day, either physically, mentally, emotionally, I’m succeeding. And then for me, failure was learning. Mm-hmm. , every time we fail, that’s when we’re gonna learn the most. That’s when we’re gonna grow. That’s when we are gonna become the person we need to be to achieve the goal. So for me, even though I sucked and I’m failing coming in last, because I defined success as progress, failure is learning, I was always moving forward. And that’s what kept me going to get to the point where I needed to go.

John Jantsch (20:09): Yeah. I, from years of hindsight, um, observing this, I can say that, you know, I’ve gotten to the point in my business where if something doesn’t happen that it was, that I thought was supposed to, or that I thought I wanted to, I’ve really started as Pollyanna as this sounds, I’ve I’ve really started saying, okay, something else, Amma more amazing is supposed to happen. .

Siri Lindley (20:27): Yes. I love that attitude. And here’s the thing, that attitude serves you. It does. So why would you give it any other meaning that’s gonna make you feel bad or discourage you or you lose confidence? Like, don’t do that. Like give things a meaning that is actually gonna empower you and move you forward.

John Jantsch (20:45): Yeah. Tell me a bit about your, your nonprofits. You obviously there’s, I I can barely see a picture of a horse there as a part of it. So tell me a little bit about Rescue Ranch, I’m sorry. Believe Ranch and Rescue, and then Horses in Our Hands Survivor and Thriver.

Siri Lindley (21:00): RWell believe ranch and Rescue. We actually rescue horses from slaughter. 60,000 horses a year when we started, were being slaughtered for human consumption. And it was just a horrific practice. This horse came into my life and changed me in a matter of months. And when I got online and looked up, why did I need to rescue a horse, that’s when I realized what was happening. So that was about six years ago. Since then, we’ve saved 265 horses. Hmm. Most of whom have gone on to heal humans. So it’s come full circle. They are incredible healers, people with anxiety, trauma, P T S D, people facing, you know, really dire diagnoses. It’s just the work that we do almost every weekend is just so profoundly, uh, transformative for people. So, but from that, we’d rescued 265 horses and we thought, you know, this is a bandaid.

(22:00): So we formed another nonprofit horses in our Hands, which is a 5 0 1 C four, which is lobbying in Washington DC to actually pass a bill that will ban this once and for all. And through our Raising Awareness campaign, we’ve reached 84 million homes. Wow. Sent about 250,000 letters. And the numbers of horses being slaughtered has gone from 60,000 to 23,000 last year. So even though the bill hasn’t passed, our work has really had an impact on, in raising awareness, lowering that number. You know, 40,000 horses are still here today. Yeah. Thanks to our work. So it’s very important work for us because it’s saving the horses who are saving the humans, and that just feels like the ultimate privilege to do this kind of work.

John Jantsch (22:50): Awesome. Well, we didn’t get into chapter by chapter on, uh, finding a Way, but I really wanted to have, uh, people here a sense of you, because that comes through in the book as well. But, uh, please invite people to where they might connect or find, find the book, or whatever you wanna share.

Siri Lindley (23:05): Awesome. Well, finding a way, taking Impossible and making it possible forward, written by Tony Robbins, my greatest mentor.

John Jantsch (23:13): Yeah, I, I meant to point that out. I mean, you mentioned that was a book that really impacted you. Obviously Tony Robbins didn’t know who you were at that point, and now to come, you know, full circle with that to where he writes the forward and he does a testimonial video, that’s pretty, pretty awesome.

Siri Lindley (23:27): Yeah, I, it feels he’s just, he truly has lit the path for me, for my entire life without even knowing it. But to have him write the forward just means everything to me. So that’s pretty special. But if you want to download a, a free chapter text, GOFIRST to 6, 6 8, 6 6, and you’ll get a free chapter. Mm-hmm. . But most importantly, I hope that you’ll get online and buy the book. A dollar of every book goes to Feeding America. Tony is gonna match that. So $2 of every book goes to Feeding America and the rest, anything that comes to me is going to save horses. So it’s for a good cause. But most importantly, I believe that this book, should you give it a try, is gonna really change your life. I believe in that, and I’m so looking forward to sharing it with all of you. And I thank you, John, so much for offering me the opportunity to share a little bit of me and a little bit about this mission and purpose. It means so much to me. You’re amazing. I

John Jantsch (24:31): Love to work. Thank, thank you so much. I appreciate you stopping by the Duct Tape Marketing Podcast, and hopefully we’ll run into you one of these days out there on the road.

Siri Lindley (24:39): Can’t wait. Thank you, John.

John Jantsch (24:41): Hey, and one final thing before you go. You know how I talk about marketing strategy, strategy before tactics? Well, sometimes it can be hard to understand where you stand in that, what needs to be done with regard to creating a marketing strategy. So we created a free tool for you. It’s called the Marketing Strategy Assessment. You can find it @marketingassessment.co, not.com. Co. Check out our free marketing assessment and learn where you are with your strategy today. That’s just marketing assessment.co. Atd. Love to chat with you about the results that you get.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network.

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10 Signs You Need A Marketing Strategy and How To Get Back On Track written by John Jantsch read more at Duct Tape Marketing

As a marketing consultant, I meet numerous business owners who are all set to take their companies to new heights. But, I’ve also noticed a consistent pattern of confusion about what a marketing strategy truly entails. It’s a detailed plan designed by businesses to promote their product or service through different channels and tactics, in order to accomplish their business goals and understand their customer needs.

But, today I’m not just going to define it for you. Instead, let’s uncover the 10 symptoms indicating your business might be operating without a solid marketing strategy.

If you find yourself nodding along to any of these symptoms, it’s high time to collaborate with a strategic professional.

This is where the AI Prompts for Building a Marketing Strategy toolkit comes in!

This toolkit can help you develop a complete marketing strategy to overcome these symptoms. It’s a step-by-step approach designed to boost your marketing efforts, enhance customer retention, increase online visibility, and improve ROI.

Your marketing strategy should be the backbone of your business – a roadmap leading you toward your growth goals. By identifying your ideal customers, creating consistent branding, and tracking your performance, you can start working smarter, not harder.

AI Prompts

  • Trying To Be All Things To All People

  • Lack Of Competitive Edge

  • Forced To Compete On Price

  • Wasting Money And Resources

  • Inconsistent Branding

  • Low Customer Retention

  • Poor Online Presence

  • Untracked Performance

  • Missed Opportunities

  • Flat Sales And Profits

1. Trying To Be All Things To All People

We’ve all been there. If I’m a dentist, anybody with teeth is my ideal client, right? But this approach, while maybe attracting clients, fails to identify your most profitable, ideal, and best customers. Without understanding this, how can you effectively attract more of them?

Instead focus on being the right thing to the right people.

The idea of being a universal solution might seem appealing initially, but the truth is, you can’t be all things to all people. In the world of business, it’s crucial to identify your specific target market – the people who will benefit the most from your product or service.

Who is your ideal client? What are their pain points? What can you offer them that your competitors can’t? By identifying and understanding your ideal client, you can tailor your marketing efforts to reach them more effectively instead of casting a wide net and hoping to catch something.

2. Lack Of Competitive Edge

Sound familiar? You’re a commodity. In your clients’ minds, every business that offers the same services is pretty much the same. If you’re just one of many, why should they choose you over ten others who look just like you?

Create one.

To prevent falling into the “commodity trap”, strive to create a unique value proposition. What makes you different? Why should clients pick you over competitors? Developing a distinct competitive edge doesn’t happen overnight, but it’s well worth the effort. It will allow you to stand out in your market, so you aren’t forced to compete solely on price.

3. Forced To Compete On Price

If your customers can’t distinguish how you’re different or unique, they’ll default to comparing prices. And as we all know, price is a terrible place to compete. There will always be someone willing to sell cheaper than you do.

Instead charge a premium.

If you’re struggling to differentiate your offering and find yourself competing primarily on price, you might need to reconsider your marketing strategy. The goal should be to provide such outstanding value that your customers are happy to pay a premium for your services.

Instead of lowering your prices to compete, consider how you can add more value. How can you make your customers’ lives easier, save them time, or help them achieve their goals? By focusing on value over price, you can charge a premium and boost your profitability.

4. Wasting Money And Resources

Without a clear strategy, you’re constantly testing the waters, never really sure what’s working. There’s a significant chance that most of your efforts aren’t producing the results you expect.

Make sure to resource allocation and track performance.

Where are your marketing dollars going? Are you spreading them too thin across too many platforms or channels without really knowing which one is driving results? A robust marketing strategy will include a clear plan for resource allocation backed by regular performance tracking. This approach ensures you’re investing your money and time in avenues that drive results and help you understand what works best for your business.

5. Inconsistent Branding

Branding isn’t just for large corporations or soap bars. It’s about how customers perceive your promise or your values. Inconsistent branding leads to confused customers; you either stand for nothing, or you represent confusion.

Be Consistent.

Inconsistent branding leads to confused customers, and confused customers seldom become loyal customers. Be clear about what your brand stands for, and make sure this message is consistent across all your marketing channels. This includes your website, social media platforms, email marketing, and even your offline marketing materials. Remember, the least expensive thing you can do is to get more business from existing customers.

6. Low Customer Retention

You’re losing customers as fast as you’re getting them. Remember, the most cost-effective marketing is getting more business from existing customers.

Enhance your customer retention.

It’s cheaper to keep an existing customer than to acquire a new one. By focusing on customer retention, you can increase your profitability. This might involve launching a loyalty program, consistently exceeding customer expectations. Here are some ways to make sure you’re always delivering an outstanding value to your customers.

7. Poor Online Presence

Today, every business is served by having a robust online presence. If your online presence is weak, it’s likely a symptom of a reactive and weak marketing approach.

Improve your online presence.

Today, an online presence is non-negotiable. But it’s not enough to just “be online”. You need to have a strategic approach to your online presence. This involves a well-designed, user-friendly website, an engaging social media presence, and maybe even a content marketing strategy that helps establish you as a leader in your field. You need a consistent online presence.

8. Untracked Performance

Do you have no clue what’s working and what’s not? Maybe business is fine, but you don’t know why or whether it will still be good tomorrow.

Set a tracking performance strategy.

A well-defined strategy allows you to set Key Performance Indicators (KPIs), like website traffic, leads, conversion rates, or customer retention rates. Tracking these KPIs provides invaluable insights into what’s working and what isn’t, enabling strategic adjustments.

Having a marketing strategy is about setting goals, tracking progress, and making necessary tweaks. Consistent performance monitoring assures your marketing efforts are steering your business in the right direction.

9. Missed Opportunities

Without a strategic focus on your ideal client, you miss the chance to serve them better. You also overlook the potential for partnerships and referrals.

Capitalize on opportunities.

Every customer interaction presents an opportunity. Are you making the most of these? Could you upsell or cross-sell? What about partnerships and referrals? Data tells that referrals have a 16% higher lifetime value rate, and a 37% higher retention rate than leads generated from other marketing channels. A marketing strategy helps you to spot and seize these opportunities.

10. Flat Sales And Profits

If your sales are flat, and your profits are flat or non-existent, you feel like you’re stuck in a rut.

Boost your sales and profits.

Lastly, if you find your sales and profits are flat, this is a sure sign you need to rethink your marketing strategy. Integrating sales with a well-executed marketing strategy can help you target your most profitable customers, differentiate your offering, and ultimately drive business growth.

Recognizing and admitting that you’re suffering from these symptoms is the first step towards a cure. The next step is taking action. And that’s where the AI Prompts for Building a Marketing Strategy toolkit can truly make a difference. Start creating your complete marketing strategy with this prompts and
see the difference a focused and efficient marketing strategy can make to your bottom line.

Are you ready to turn these symptoms into solutions?

As more B2B marketers than ever gathered recently for the Cannes Creative B2B Lions at the Cannes Lions International Festival of Creativity, it’s natural to wonder — just what are the key insights that emerged, and how can B2B marketers best put them to use?

Although the event celebrated its 70th anniversary in 2023, it was only the second year where B2B marketers had their own special section of the festivities in the form of the Creative B2B Lions, including an array of B2B-specific marketing award categories.

Let’s jump right in and examine some of the key themes and trends from this year’s second-annual Cannes Creative B2B Lions.

AI Top of Mind & Poised To Touch Every Aspect of Marketing

Generative AI continued its run as 2023’s centerpiece topic at Cannes just as it has in nearly all segments of society, as marketers in B2C and B2B have continued grappling with how to best use the technology while maintaining — and growing — brand authenticity and trust.

“AI has the potential to revolutionize every single part of marketing,” Marie Gulin-Merle, global vice president of ads marketing at Google, suggested after presenting curing Cannes.

Because of the AI innovations 2023 has seen, Guilin-Merle called this an exciting time for marketers. “Marketing is about connecting brands and products to people,” she noted. “The ‘what’ remains the same. The ‘how’ is changing again. Marketers, we can finally get back to marketing,” she observed, while offering up a list of some of the AI tools that Google’s own marketing teams are working with, including:

  • Bard experimental conversational AI service
  • Imagen and Phenaki text-to-image and text-to-video tools
  • PaLM API for generating social media copy
  • Gmail and Google Docs “Help me write” feature

“AI has the potential to revolutionize every single part of marketing. The ‘what’ remains the same. The ‘how’ is changing again. Marketers, we can finally get back to marketing.” — Marie Gulin-Merle @MarieGulin
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Our own CEO Lee Odden recently delivered a keynote about AI’s impact on B2B marketing, presenting “Human vs Machine: The Future of B2B Content Marketing” during the BtoB Summit Paris 2023 conference.

Lee began his presentation explaining how generative AI essentially “makes you more of what you already are,” with poor content simply being turned into even more sub-par content if that’s what a marketer brings to the AI table, while those who instead present creativity and imagination to AI tools will be rewarded with even more quality B2B marketing content that is creative and imaginative.

As the team at Think With Google recently looked at as its weekly “big topic,” it’s more a matter of AI plus creativity, and not AI versus creativity.

As a hot topic at Cannes, AI and how it can best be used by B2B marketers is an issue we’ve spent considerable time effort to explore here on the TopRank Marketing blog, including the following pieces:

  • A Home-Run for Humanizing B2B Content: Why Generative AI Can Only Get Your Business to First Base
  • Top 5 Insights B2B Marketers Need To Know About Google’s AI Search Future
  • Humanize, Organize, Strategize & Personalize: 4 Ways To Boost B2B Influencer Marketing With Generative AI
  • 5 Key Ways Generative AI is Changing the Future of SEO from Google’s Bard to Microsoft’s Prometheus-Based Bing
  • Standing Out From AI: Why Humanizing B2B Marketing Is Key In 2023
  • The Prompt Whisperer: ChatGPT’s Rising Reach In B2B Marketing & The AI Revolution

Creativity Drives Profitability And Pushes Boring B2B Aside

Creativity is playing an even more important role in B2B marketing in the age of generative AI, simultaneously helping to increase brand awareness and drive profitability — all qualities that surfaced time and again during Cannes.

The Creative B2B Lions event and awards were established in 2022 in conjunction with the B2B community — most notably The B2B Institute — the industry think tank by LinkedIn* that researches the future of B2B marketing and decision making.

Tyrona Heath, director of market engagement at The B2B Institute at LinkedIn, shared some of the many ways that creativity adds value to today’s B2B marketing efforts, in “B2B advertising doesn’t need to be boring: why creativity is a key driver of profitability.”

“Creativity plays a significant role in building and expanding your brand size,” Heath explained.

“It leads to increased brand recognition, differentiation, customer loyalty, and ultimately having a larger market presence. And investing in creativity has a positive impact on financial performance because it serves as a multiplier,” Heath added.

As Cannes wrapped up, Heath further reflected on the increasing power of creativity.

“In this second year of the Creative B2B Lions, I am inspired by the caliber of work we encountered. Imagining what the future holds, I can’t wait to see how B2B creativity will continue to evolve 5, 10, and 15 years from now,” Heath — who served as a juror during the event — noted.


“In this second year of the Creative B2B Lions, I am inspired by the caliber of work we encountered. Imagining what the future holds, I can’t wait to see how B2B creativity will continue to evolve 5, 10, and 15 years from now.” — @Tyrona
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During Cannes Lions the LinkedIn Collective broadcast live from the event, with a variety of LinkedIn Live sessions exploring the trends and challenges surrounding AI in B2B marketing, now available on-demand in, “AI-Powered B2B Marketing: Trends & Dangers,” and a lively conversation about diversity, equity, and inclusion (DEI) within the B2B marketing landscape, in “Prioritizing DEI in B2B Organizations.”

B2B marketing is undergoing significant shifts, if not an outright renaissance, as Tom Stein, chairman and chief growth officer at Stein IAS and Creative B2B Lions jury president, noted that, “This is B2B’s decade. It started on stage in Cannes last night.”


“This is B2B’s decade. It started on stage in Cannes last night.” — Tom Stein @Tom_Stein
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As another of the key trends at Cannes this year, the rising power of creativity in 2023 has been the subject of several articles we’ve recently published, including:

  • Elevate B2B Marketing Podcast: Creativity & Inclusivity in B2B Marketing with Ty Heath
  • What B2B Marketers Need to Know from LinkedIn’s New Benchmark Report
  • 4 B2B Marketing Lessons from Disney’s The Little Mermaid
  • Equilibrium: 10 Tips to Balance Creativity and Process in B2B Content Marketing
  • Solvable Strategy: 4 B2B Marketing Take-Aways from Board Games

Use AI & Creativity To Elevate B2B Marketing

Generative AI and creativity may initially appear as two altogether different endeavors, however as our take-aways from Cannes have shown, both offer compelling justifications for B2B marketers to use, especially when each is factored into the other’s strategy.

The future of B2B marketing is poised to feature a uniquely human touch optimized with AI for creative storytelling.


“The future of B2B marketing is poised to feature a uniquely human touch optimized with AI for creative storytelling.” — Lane R. Ellis @lanerellis
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We hope that the Cannes insight we’ve shared here will help you in your own efforts to elevate B2B marketing throughout 2023 and beyond.

To learn more about B2B marketing imagined by humans and optimized by machines, be sure to catch our CEO Lee Odden presenting during B2B Ignite London on Thursday, June 29, 2023 at 2:00 p.m., with a presentation entitled, “The New Kingdom of Content in 2023 and How to Wear the Crown.” Get the full details — including Lee’s list of eight must-see sessions during the event — in “The New Kingdom of Content for B2B Marketing – TopRank at B2B Ignite London.”

Kingdom of Content for B2B Marketing in 2023 Presentation

More than ever before, creating award-winning B2B marketing that elevates, gives voice to talent, and humanizes with authenticity takes considerable time and effort, which is why more brands are choosing to work with a top digital marketing agency such as TopRank Marketing. Reach out to learn how we can help, as we’ve done for over 20 years for businesses ranging from LinkedIn, Dell and 3M to Adobe, Oracle, monday.com and many others.

* LinkedIn is a TopRank Marketing client.

The post AI & Creativity: Key B2B Marketing Insights From The 2023 Cannes Creative B2B Lions appeared first on B2B Marketing Blog – TopRank®.

Did you miss our previous article…
https://www.sydneysocialmediaservices.com/?p=6464

Being able to attend LinkedIn’s first B2B Marketing conference, B2Believe was a real privilege and amazing experience. Hearing from the wealth and depth of B2B marketing and business expertise that exists within LinkedIn was equally informative and inspiring. One of the presentations that really stuck with me was about the power of Memory for B2B branding.

In the fast-paced world of B2B branding, standing out from the competition and being remembered is crucial. In this blog post, I will share the key rules for effective B2B branding, drawing insights from a presentation by Mimi Turner, Head of EMEA & Latin America, The B2B Institute at LinkedIn.

I think we can all agree that by understanding the power of memory and leveraging strategic techniques, B2B businesses can gain access to the untapped opportunities in brand building. Here’s a summary of the five essential rules Mimi shared that can help shape your B2B branding strategy.

Rule 1: The 95/5 Rule – Understanding the Buying Cycle

One of the fundamental insights revealed in Mimi’s presentation was the 95/5 rule. I’ve heard Ty Heath also talk about this concept. It states that at any given moment, only 5% of B2B buyers are actively in the market, considering a purchase. The remaining 95% are not actively engaged in the buying process. This highlights the need for two distinct strategies: one for in-market buyers and another for out-of-market buyers. By recognizing these two groups and tailoring approaches to each, businesses can effectively capture attention and create brand recall.

Rule 2: The Power of Memory and Consideration

Memory plays a pivotal role in B2B branding. To be considered during the decision-making process, a brand must be remembered by potential buyers. Research indicates that buyers often start with a shortlist of familiar vendors when making a purchase. Therefore, being part of the consideration set is critical. Building memory structures through storytelling, colors, codes, and even catchy jingles can enhance brand recall and increase the chances of being selected.

Rule 3: Emotional Context in B2B Decision Making

Contrary to the belief that B2B decisions are solely rational, emotions and social considerations heavily influence the choices made. B2B purchases have far-reaching consequences, impacting teams, bosses, and job security. Acknowledging the emotional and social dimensions of these decisions allows brands to connect with buyers on a deeper level. By understanding the context and motivations of B2B decision-makers, brands can develop messaging that resonates and fosters stronger relationships.

Rule 4: Reach Maximization vs. Reach Minimization

B2B and B2C branding strategies exhibit distinct differences. B2C brands tend to adopt a reach maximization approach, utilizing a wide range of channels and creative strategies. In contrast, B2B brands often adopt a reach minimization approach, narrowing their focus to specific channels and emphasizing informational and educational content. However, to truly stand out and reach potential buyers, B2B brands can benefit from adopting a broader reach maximization strategy, effectively leveraging various channels and creative techniques.

Rule 5: Building Strategic Assets

While many B2B brands focus on short-term, response-driven campaigns, the true opportunity lies in building long-term strategic assets. These assets are ideas or campaigns that are committed to over time, maximizing reach, and creating lasting brand recall. Surprisingly, only a small percentage of B2B marketers focus on these strategic assets, presenting a significant opportunity for businesses that embrace this approach.

AJ Wilcox, Mimi Turner, Lee Odden at B2Believe

Making B2B Marketing memorable with AJ Wilcox and Mimi Turner at B2Believe 22

As you can see, B2B branding success can depend a lot on understanding the rules that govern the memory and decision-making processes of buyers. By embracing the 95/5 rule, optimizing for memory, recognizing the emotional context of decisions, adopting a reach maximization strategy, and building strategic assets, B2B businesses can position themselves for success. The untapped potential in B2B branding is vast, and those who take a proactive and strategic approach can differentiate themselves and leave a lasting impression in the minds of buyers.

Connect with Mimi on LinkedIn and The B2B Institute here.

The post The Five Rules for B2B Branding Success: Unlocking the Power of Memory appeared first on B2B Marketing Blog – TopRank®.

CMOs’ Major Resource Allocations to Remain Steady Amid Budget Pressures
Marketing technology budgets have held steady from 2022 to 2023, as 75 percent of chief marketing officers say they are confronted by pressures to do more with less, while 49 percent expect to increase their influencer marketing spending — the area least likely to see budget cuts, according to newly-published CMO survey data. MarketingCharts

U.S. Ad Index Expands For First Time In 11 Months In May
60 percent of overall U.S. media spending came from the digital sector during May, 2023 — up from 56 percent a year earlier, as the overall ad spending level increased for the first time in 11 months, according to recent ad index data. MediaPost

LinkedIn Launches Live Test of Generative AI Posts
Microsoft-owned LinkedIn has expanded its testing of optional generative AI technology for the creation of posts on the professional social platform, offering first-draft suggestions to certain users, LinkedIn recently announced. Social Media Today

Most Social Media Marketers Are Confident in Their Ability to Adopt AI for Marketing
49 percent of social media marketing professionals have said that they see customer behavioral segmenting and targeting as the top use for AI, with 45 percent pointing to predictive analytics and the use of dynamic pricing based on real-time data — three of the findings contained in recently-published survey data of interest to B2B marketers. MarketingCharts

Long taglines using ‘rare’ words are most memorable but least liked, study reveals
Choosing whether to focus on being remembered or being liked is a key decision when it comes to brand slogans, as brands seeking long-term recognition benefit from slogans that incorporate unusual and concrete words, according to newly-released research data. MarketingWeek

Forrester: Nearly One-Third Of Ad Agency Jobs Will Be “At Risk” From Automation By 2030
Despite almost of third of advertising agency jobs being at risk from automation by 2030, double-digit growth for market research and marketing specialists is expected by 2030, according to recent Forrester and U.S. Bureau of Labor data. MediaPost

2023 June 30 statistics image

Marketing When Budgets Are Down
When it comes to marketing effectively during challenging times, clarity, courage, and connection hold increasing importance in 2023’s era of less, and the Harvard Business Review recently took a look at measures to deliver marketing results and grow business despite economic challenges. Harvard Business Review

Google In Hot Water: Billions At Stake As YouTube Ads Found To Violate Terms Of Service
Search giant Google has come under pressure for having possibly misled businesses advertising on its YouTube and other properties through its Google Video Partners program, according to newly-published report data, as Google has in turn rejected the report findings as inaccurate. Search Engine Journal

YouTube Launches First Stage of Thumbnail A/B Testing in YouTube Studio
Google’s YouTube has begun tests that allow users of the video platform to perform comparison performance tests between several different video thumbnail images, which could lead to new opportunities for B2B brands to conduct A/B testing, YouTube recently announced. Social Media Today

How AI is impacting search advertising’s growth
Search engine advertising has begun seeing shifts due to the incorporation of generative AI technology in offerings from Google and Microsoft’s Bing, as spending for search advertising was expected to climb to $279.3 billion in 2023 — up from $251.7 billion in 2022, according to recently-published search advertising data of interest to digital marketers. DigiDay


“The turmoil unleashed by new AI tools and a changed landscape will be the best thing ever for SEO.” — Eli Schwartz @5le
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ON THE LIGHTER SIDE:

2023 June 30 Marketoonist Comic

A lighthearted look at “Innovation and TikTok” by Marketoonist Tom Fishburne — Marketoonist

Argonne Aurora A21: All’s Well That Ends Better — The Next Platform

TOPRANK MARKETING & CLIENTS IN THE NEWS:

  • Ty Heath / LinkedIn — B2B advertising doesn’t need to be boring: why creativity is a key driver of profitability — ClickZ
  • Lee Odden — Here Are 6 Reasons Social Media Is Terrible: Why You Should Still Use It — Spartan Alliance
  • Lane R. Ellis — The Happiest Man in Social Media & Marketing [Podcast] — Lane Ellis — Are You Happy Podcast

FRIDAY FIVE B2B MARKETING FAVORITES TO FOLLOW:

Carla Johnson @CarlaJohnson
Gini Dietrich @ginidietrich
Ardath Albee @ardath421
Joe Lazauskas @joelazauskas
Zontee Hou @ZonteeHou

Learn more about TopRank Marketing‘s mission to help elevate the B2B marketing industry.

Have you uncovered a key B2B marketing news item that we haven’t yet covered? If so, please don’t hesitate to drop us a line in the comments below.

Thank you for taking the time to join us for this week’s edition of the Elevate B2B Marketing News, and we hope that you will return next Friday for another array of the most up-to-date and relevant B2B and digital marketing industry news. In the meantime, you can follow us on our LinkedIn page, or at @toprank on Twitter for even more timely daily news.

The post Elevate B2B Marketing News Weekly Roundup: CMO Tech Budgets Hold Steady, Ad Index Grows, & LinkedIn’s AI Push appeared first on B2B Marketing Blog – TopRank®.