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Welcome to The Virtual CMO podcast.
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I'm your host, Eric Dickmann.
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In this podcast, we have conversations with marketing professionals who share the strategies, tactics, and mindset you can use to improve the effectiveness of your marketing activities and grow your business.
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Hey, Kate, welcome to The Virtual CMO podcast.
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I'm so glad you could join us today.
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Hey there, Eric.
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Thank you so much, it's my pleasure.
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As we're all like settling into hopefully a COVID free summer, right?
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Oh I know, and a crazy summer too, with a wild weather everywhere.
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I went to go out to eat on Friday and it was hard to get in any place because the lines were just out the door.
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There's so much anticipation for getting back to normal.
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It's good though.
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The demand.
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Isn't it so interesting to see how all of that is so volatile, sensitive, you know.
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And I mean if hairdressers and restaurants didn't feel loved previously..
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Certainly.
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The ones that are left at least, uh.
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It's sad to see how many empty shops there are and businesses that have closed.
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But I'm a big fan of Scott Galloway and The Pivot Podcast.
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And you know one of the things he talks about is that, you know, this is providing opportunities for new people to get in there and start businesses too.
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So well, it's sad to see some go, it's providing a great opportunity for many new entrepreneurs to get in there and start their own businesses.
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Yeah, it does feel like lots of this change was already underway and the pandemic just accaelerated you know good or bad some of these things.
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No absolutely.
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And you know, there's this whole concept behind, you know, if I've got a business, you know, should you be entitled to keep a business that runs on razor thin margins?
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Well, you know, maybe not.
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Maybe not every business is meant to succeed.
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Sounds like a startup.
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Yeah.
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Yeah.
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That's right.
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That's very much like a startup.
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Hey, I'm looking forward to our conversation today.
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You know, first of all, you're everywhere.
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I see you out there on social media, which is good, given that you're a social media technology provider, but you know, you have really embraced podcasting and the benefits of being a guest on podcasts.
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And I'd love just to hear about your thought process there and how you sort of looked at podcasting as a way to sort of build your personal brand and then also help your business.
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Sure.
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Well, thanks for asking me to be your guest, of course.
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Well, number one, like work what you got.
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I mean I did have this other life in radio.
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My last gig was broadcasting to 20 million listeners a day for XM.
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So of course I love the power of sound in general and broadcast medium.
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And I got good at that, and my super power, although it's a cliche to use that phrase, but my superpower is making fans.
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And so listeners into fans, right?
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Customers into evangelists, same idea.
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So let's lean into, that was my first idea.
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And then this is content for me, Eric right?
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So to be really honest, I'm not just doing it to be cool or you know, to be seen or heard.
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We use it all as lead gen.
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So I'm going to ask you for the file afterwards and hopefully you'll give it to me.
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And then I'm going to run it through the AI of Lately.
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Lately is going to dice up everything we say into the coolest quotes with matching video clips.
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And then I'm going to use that to go and get our customers.
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And this process that we use gives us a 98% sales conversion.
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Let me just say that again for people.
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That's amazing! 98%.
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Yep.
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So it's selfish and it doesn't matter to me whether you have 200 listeners or a 20,000, because the content is what you know what works.
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why I don't look at it as selfish at all, I look at it as smart.
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You know, you're taking advantage of a channel that is growing in popularity.
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You know as a podcaster, who's been doing this for a little while now, I am really excited about what's going on because we've got you know, Spotify making big moves, they're pushing Apple to make big moves, now you've got Facebook getting into the game.
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There's a lot going on, which is going to give more channels, more opportunities to creators, more ways of getting the message out.
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And that sort of leads me into, you know, what do you think the state of social media is right now?
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It seems like these platforms are really investing in themselves.
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Twitter finally sort of got off their ass, if you will, and is starting to make some investments in that platform with spaces and subscriptions, and things like that.
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Is this a great time to be using these platforms?
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Isn't it interesting, right?
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So like there, it remains to be seen.
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So Clubhouse seems pretty dead actually, but they certainly stood at a fire.
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And we don't know if everybody's just piling on to be copycats.
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I was most excited to see Spotify in that race, because I think they can do it best because I believe that Spotify understands the theater of the mind and the artistry of sound more than anyone.
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I really do believe that.
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And that's what makes it magic, right?
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You can't just, it's not just the platform or the media or the medium itself.
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You know what the potential is and how well it bridges the gap between art and science or human and technology, right?
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And then the other thing I was thinking about when you're saying this is LinkedIn, right?
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So LinkedIn just like put out all these new algorithms, they just tanked my experience there.
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So LinkedIn, as everybody knows, the last couple of years has been this like super high engagement.
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You could get like organic reach all day long.
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And then they actually put the kibosh on like all the stuff I was doing.
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Like, so my team piles on everything, we do use it for lots of lead gens, but it also forced me to participate in like, be a really super active member.
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And because the new algorithms are giving me probably a third or quarter of the organic reach.
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I've had before, I'm looking to other platforms, right?
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So, duh.
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I'm pretty mad at them.
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No, LinkedIn can be a challenging platform, right?
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You know they're a little slow.
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Look at what they've done with their stories feature.
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It's pretty basic, pretty primitive, not a lot of people are really engaged with it.
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I've been trying to get into their live streaming video forever in a day, and it's been in beta for years, and they just can't seem to get out of it and allow more creators to get on the platform.
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Which is too bad.
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I don't know why they move so slowly.
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Yeah, they're very tight string.
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I mean, it's, you know, remember when they first got breached a while ago.
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I mean ever since then, they've just been sort of tight.
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Around it and believe me, same frustration as a startup.
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You know, for most of these platforms, in case anybody's wondering out there, if you pay lots of advertising, like half a million or more a month, then you get to become a quote partner and you get access to all these goodies and the rest of us have to just sweat it out, right?
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So they're really putting the kibosh on the underdog, which is annoying to me.
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But anyways, we will find a way.
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I mean you know, social, it's so funny, Eric like, social media.
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Everything is social, sales is social, humans are social, obviously, you know, if you didn't realize that in this point pandemic, then what the hell?
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Even dogs are freaking out a little bit.
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They didn't know how to behave suddenly.
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It's so true.
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Right?
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So it's not new, but again, it's the medium or the media that's providing us either better, faster, or easier ways to do it.
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It's really as you can tell, I'm really excited about the potential for more and more people and the mindset toto make that art part of the default, right?
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Because generally as humans, we tend to science everything to death.
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That's true.
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Right?
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And I believe that the pandemic has helped shift some of that, right?
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You know, thank God.
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Well, yeah.
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And you know, it's interesting.
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You mentioned Clubhouse before.
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And my personal feeling is that one of the reasons that Clubhouse took off is people were dying for engagement, right?
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They wanted to be able to personally connect with other people.
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And that was the right tool at the right time to do it.
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And actually their success is partly what hindered them.
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As they got bigger, it.
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became harder to actually engage with anybody because the room sizes would get so big.
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So you know, maybe they had their moment in the sun and now people are going back to some of these more traditional channels, but they're obviously opening up new ways to interact as well.
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And you talked a little bit before about how you would use the content from this podcast for promotion.
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How important has video now become for what you're doing at Lately?
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You know, it's so interesting.
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A couple ways, number one, video changed the market for us, right?
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So last year we had a confluence of events happening.
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One is we released a video feature where we clip up the video quotes, right?
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And make you hundreds of mini movie trailers, essentially.
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And that inspired Gary Vaynerchuk to create an entire Twitter channel fueled 100% by Lately's video clips that got him a 12000% increase in engagement.
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So social proof is good.
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And then using dog food in our own products, so doing exactly talked about before on this podcast, gave us more social proof.
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And also in two ways because people can see our product in action.
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So I was able to cut out kind of the middleman.
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And video's cool, right?
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It is cool.
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I like audio better than video.
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I mean to be really honest, I do because you have to work harder.
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It's like reading, right?
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So there's a part of your imagination that has to participate in the products to product process to close the loop there, right?
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The theater of the mind.
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And I'm in love with that.
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I think it's so fascinating that you, Eric, when you wield the mic as the host, you've got this really beautiful, almost visceral kind of power that you can leverage or not leverage, right?
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The skill is how do you leverage it?
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But to make me feel or the listener feel as though we have a voice with you.
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Well, I love that.
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And I think that it's that human connection, right?
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I think that's part of the reason that video works so well is because people buy from people or they relate to people, and so being able to see you is one way of sort of opening that door so that they can relate to you better.
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But I go back to your DJ days at Sirius XM, right?
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I think about, you know, somebody like a Delilah, right?
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And how popular she was.
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It still is, I guess.
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And it was all about her voice and the way that she related to her audience.
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So it doesn't have to be video.
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You can do it through audio for sure.
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The mystery.
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is what it is, right?
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So you know, my radio voice Eric is a different voice.
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Can you hear that?
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Ah, for sure.
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And it's on purpose, and I had to learn that voice and practice it and figure out what voice was going to be mine so I can communicate the personality that I want to communicate which is authentically me but is very specific.
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It's the one that can talk to a black box of emptiness and twenty million people all at once.
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Which is a different like, you know, that's a different person than the woman you're seeing here.
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You know who can still do those things, but like on stage in front of a couple hundred thousand people, I use different tools in my kit to achieve my objectives whatever they might be.
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So in radio it's to there's some command authority, right?
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I need you to trust me.
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I'm going to take you on a journey.
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You got to be there, stay with me through the songs you don't like, because there's a reason.
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You know, I'm going to deliver you something and there's a reward there, right?
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And how do I do that in a way that I feel is disarming cause disarming makes people trust me, it makes you feel like we have something in common, right?
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That you're human too.
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Anybody could do this thing that I'm doing.
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That really works well for me to figure out what, what kind of little tactics either on the radio or on a stage or on camera can I use to do that?
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So like here, I've got PacMan behind me.
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That's not by accident.
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Yeah.
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Sometimes I change it up, but like I'm a child of the eighties.
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II have a couple of arcade games from when I was young outback.
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And that sucker is Velour Velvet, remember?
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Velur.
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Ooh yeah.
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Remember stuff from yeah what was it?
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Spencer Gifts?
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You're right, exactly.
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But my dad was actually a print retailer in the eighties so that's where I got it from.
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But I do that so that just like you have, you know, cool objects to art behind you.
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I see a flag.
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It looks like a veteran veterans flag back there.
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Um, so talking point, I could ask you, I'm assuming it's a relative of yours, perhaps?
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It's a much longer story, but no it's not.
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Yeah, yeah.
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Yeah.
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So we have to get into it, but at least there's there's these, these are those things that we're all looking for, the access points, you know, in the mystery.
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So the bummer about Zoom, even though we've been doing it for a long time is everybody's doing it now.
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And I'm in my shorts, as you already know.
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Cause I got up to change a couple of times that my hair is messy, but you can see my closet back there in my life.
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And I don't care to polish it up personally because it works for me, right?
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Um, but it's sort of working for everybody, which is annoying.
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So now I have to change it up because I was giving people access to my green room before which was cool, and now it's cliche.
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Hmmm.
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What am I going to do?
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I don't know.
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I haven't figured it out yet.
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No.
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I think that's really interesting though, because when you're talking about voice, I mean, this is really a great segue into starting to talk a little bit more about AI and what AI can do for you.
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But it is something that is truly unique to each of us, right?
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Our voice, how we want to portray ourselves to the market.
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And that's so different for a brand, a brand has a voice and they want to portray themselves to the market in a unique and authentic way.
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And so now when you start to layer on technology to voice and you start to say, okay, here's some really great content that I've written.
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This is in my voice.
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Now I'm going to give it to a machine, and the machine has to regurgitate something back to me that sounds like my voice, and how successful is it?
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Right.
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I mean, for us it's well, there's that 98% sales conversion that we get, and we don't do any paid ads or cold calls or cold emails.
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Now that might change, but we've been able to get away with it so far.
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And I'll describe to you how it works, actually.
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So I was a fiction writing major, Eric.
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Um, so I'm good at writing copy, and I was in radio for a dozen years and I was also the production director at almost every station I worked with.
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That's the person who is in charge of all the commercials,but in also all the station identification sounds like the cool ones, not just the boring ones.
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So what's the audio imagery of the station like?
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So I got to do all that stuff, and for Lately, like the copy that I write for our brand, the organic social posts that I personally write from my channels, Lately studies, the AI studies.
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And I created a series of writing rules based on how I write.
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I actually give workshops about it all the time, but I gave it to my staff.
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And so I asked my copywriters to mimic these rules, which again the AI learns.
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And so it's the first thing that it learns before you the customer log in and give us your access to your analytics.
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So there's a baseline of content.
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Then it starts to study your content and then tweaking your voice but adding on my best practices, cause they work.
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And then it also was able to use the knowledge of all of our customer base as well, right?
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Um, so with us however, the human element is huge and this is a deal breaker for a lot of customers where the AI is designed to get you three quarters of the way there.
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But we insist that you, the human must come in and touch every piece of content it vomits out there.
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For the reasons you all just said, right.
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To give it that context to make sure it is you know on point and then to help it learn, to give your, to put your voice on it.
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That's that magic because we don't want to art science, right?
00:16:58.514 --> 00:16:59.563
We're back at the same thing.
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We know the art is crucial to the sign, so they got to go hand-in-hand.
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Hey, it's Eric here and we'll be right back to the podcast.
00:17:09.576 --> 00:17:14.437
But first, are you ready to grow, scale, and take your marketing to the next level?
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If so, The Five Echelon Group's Virtual CMO consulting service may be a great fit for you.
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We can help build a strategic marketing plan for your business and manage its execution, step-by-step.
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We'll focus on areas like how to attract more leads.
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How to create compelling messaging that resonates with your ideal customers.