Ian Faison & Kris Rudeegraap

The Future of Gifting is AI Enhanced


0:00

[MUSIC]

0:08

Welcome to Pipeline Visionaries.

0:10

I'm Ian Faison, CEO of Caspian Studios.

0:12

Today, I'm joined by special guest Chris, how are you?

0:16

>> I'm doing awesome, and thanks for having me on the show.

0:18

>> Yeah, excited to chat with you today.

0:21

Our show is always brought to you by our friends at Qualified.

0:24

Go to Qualified.com to learn more about the number one

0:26

conversational sales marketing platform for

0:28

companies revenue teams that use Salesforce.

0:31

Head over to Qualified.com to learn more.

0:34

Let's get into it today, Chris.

0:36

>> Let's do it.

0:37

>> Huge news.

0:38

Huge news.

0:39

Sendoso made a massive acquisition of Alice,

0:43

two of the titans in the space,

0:46

joining forces super exciting.

0:48

Tell us about it.

0:49

>> Yeah. We were really excited about

0:53

the opportunity to join forces with Alice and bring them on.

0:55

I think they have an awesome customer base,

0:58

some really interesting AI tech and

1:00

data that will really help us propel our AI strategy forward.

1:04

That was one of the big drivers,

1:06

aside from consolidating the space so that customers have less choices,

1:10

making it easier for customers to find the best solution,

1:14

and aside from the fact that the more spend and volume we have through our

1:18

platform,

1:18

the more economies of scale and discounts,

1:21

we can pass along back to our customers.

1:23

But the big exciting thing for me was the data and an AI and how the future

1:28

of gifting is really AI enhanced and a lot of data is taken into account to

1:33

figure out

1:33

what's the right thing to send to the right person at the right time,

1:36

with the right message.

1:38

The Alice acquisition gives us a lot more data.

1:42

>> How do you see this all changing?

1:45

How do you see gifting changing?

1:46

What are you so excited about?

1:48

>> Yeah, I see gifting being even

1:50

a more effective channel compared to other channels because I think AI and data

1:55

can really drive more conversions.

1:58

I think for other channels historically ads, etc.,

2:01

there's been a lot of AI influence over the years.

2:04

Google and Facebook, they've had AI for decades.

2:08

But now, and how fast AI is coming around for other channels,

2:14

I think gifting will just see a surge in usage because it can drive that much

2:18

more conversion

2:19

and that much more efficacy.

2:20

>> Yeah, one of the things that you posted about is $37 billion wasted

2:24

on ads that fill to reach target audiences, obviously with gifting,

2:29

it's completely different there.

2:31

And like you said, with AI being able to help,

2:37

how do you think that part of it changes?

2:40

Are we going to be able to reach people with better gifts,

2:43

with better information to reach the right people,

2:46

to see if the gifts are working?

2:49

I was talking about a great gift

2:53

because we had the CMO of TheraBody on here talking about the TheraGUN.

2:57

I was like, that would be a great gift.

3:00

You send the TheraGUNs with Sendoso, right?

3:03

And it sits in your office all day every day and you're sitting there cranking

3:06

on those tech shoulders that we all have.

3:09

But those sort of things, part of the beauty of gifting is the plant

3:14

that sits in someone's office, the TheraGUN, whatever it is that this thing

3:18

is doing impression after impression after impression.

3:20

And we don't know that, right?

3:22

And we can't prove that.

3:23

So how does that sort of change?

3:25

Yeah, so I think there's a couple of questions in there,

3:29

kind of dissecting a couple of different ways.

3:30

One is how AI can affect kind of the right, what is the right gift to send?

3:35

And so I think the plethora of data that we're sitting on from tens of millions

3:40

of sends

3:40

and what we're having access to through a lot of really interesting data

3:45

that we've built from kind of AI, but also through kind of data that's

3:50

available

3:50

through third party enrichments.

3:52

We'll be able to say, hey, does Chris like golfing or does Chris like tennis or

3:57

does this?

3:58

And so there's interest graph that we've built that will really help decide, OK

4:02

Chris gets this, it's going to resonate with him more.

4:04

Then it's like, OK, where's the best place to send it?

4:06

Is it his house?

4:07

Is it office?

4:08

So we can use data for that.

4:10

We can say the timing.

4:11

Is it good to send it today for this prospect?

4:15

Or do we think that timing when they just went to your website,

4:19

or if you're pricing page and we want to trigger that.

4:21

So there's different reasons why you want to have timing be important.

4:26

The message.

4:27

So we've launched last year a gift message writer, either the eGift message

4:32

or the handwritten note message.

4:34

And so now we can craft a better message than say an SDR can write by using AI.

4:40

And I think writing is a key area there.

4:42

So all that will make it easier to get kind of a great gift to the right person

4:49

And drive better results.

4:51

And I think the one thing that is important with the gifting channel

4:56

is that there is inherent costs.

4:57

So it reduces the saturation of that channel.

5:01

For things like email, if you send one email or 10 emails or 10,000 emails,

5:04

relatively costs are not your concern.

5:08

So people end up sending 10 gazillion emails.

5:11

With gifting, you're a bit more thoughtful and a bit more personalized.

5:15

And that means less saturation.

5:18

Yeah, I would add to that.

5:20

However, when those people hire an army of SDRs that are sending all those

5:25

emails,

5:26

then that email that they said was so cheap actually ends up being extremely

5:30

expensive.

5:31

That's very fair.

5:31

And I think we're seeing the shift to away from massive SDR armies to more

5:37

marketing,

5:37

orchestrated kind of growth outbound efforts.

5:41

At least that's what we're doing over here at SEDISO too.

5:45

Oh, yeah, us too.

5:46

It's crazy.

5:46

I would never-- I mean, each company is totally different.

5:51

And not to say that SDRs are helpful and useful and sort of their purpose.

5:56

I would never build a team of SDRs for what we're doing at Caspian

6:03

because it's run by marketing.

6:04

That type of outreach is done by marketing.

6:07

With gifting, you do have a little bit of the sales rep that can control that,

6:13

which is really exciting to keep you doing that.

6:15

In that personalized conversation-- or just it's called a conversation.

6:19

It's not even a personalized conversation.

6:21

Figuring out what that person likes, oh, their kid really likes X, Y, or Z.

6:28

I think I can remember if I told you this story.

6:30

The one of the most memorable gifts I ever got was my account rep at our bank.

6:37

We bank with Chase.

6:38

And he sent me, when we-- the birth of my son, they sent a little package

6:43

and it had a children's toy.

6:45

And that ended up being one of my son's favorite toys.

6:47

And he played with this thing for like a year.

6:50

And every single time, I thought of my guy at Chase, which again,

6:56

Chase, massive company, all sorts of infinite resources in certain ways.

7:01

And this guy made that decision in real time.

7:06

And it made a pretty big impact on me.

7:08

And that's the sort of stuff that, having the power there, but also, like you

7:13

said,

7:13

having the power on the marketing team to be able to look at the data, to look

7:17

at trends,

7:18

look at when to send it, those type of trigger moments in the sales process,

7:23

not just in the person's life process.

7:26

Yeah.

7:26

And then I think it's bleeding over, especially the last couple of years,

7:29

into the customer process and how customer marketers and customer success

7:36

and account management leaders are looking at how do they use gifting

7:41

during the whole customer lifecycle post sales, which I think is an interesting

7:45

use case,

7:45

because you're trying to build that rapport with those customers too.

7:50

Yeah, we were talking on an episode about customer storytelling

7:55

and how everybody always wants to tell the story at the peak of the excitement

8:02

phases of like, after one year, once you got ROI or like right after signing

8:07

the deals,

8:08

like why we bought and I'm like, I want day 58 of implementation when it's

8:13

horrible.

8:13

You know, when everyone hates it, they're not used to using the tool yet.

8:17

They're pissed that they have another tool, like, tell me those stories.

8:20

And like, that's when I want the gift to show up.

8:22

You know what I mean?

8:22

Like, I want it that day.

8:24

That's a really funny idea.

8:25

I think so.

8:28

Peak, peak unhappiness with new product, customer lifecycle.

8:32

That's the key there.

8:34

No, I totally agree.

8:35

And then I want to touch on something that you said sort of like ways to stand

8:37

out.

8:38

This is the part that I think far and away I love the most about, about gifting

8:44

from

8:45

a marketing perspective is, you know, there is no traffic on the extra mile.

8:49

It's one of the things we believe it casts me and that's why like the shows

8:52

that we

8:52

create are as different as we could possibly try to make them.

8:56

And sometimes that costs more money.

8:59

Sometimes, you know, it feels different, but like gifting is very much that way

9:03

where

9:03

it's like, there are tons of barriers to entry.

9:07

There's, and then even if you do it, you can do it really wrong.

9:11

So there's even more barriers to entry.

9:14

And that's why I think marketers should be investing in gifting.

9:18

It's like, it is such a way to stand out and it's such a way to win.

9:21

And because it's a little bit more expensive, your competitors might be

9:25

overlooking it.

9:26

Exactly.

9:27

It's still unsaturated and still untapped.

9:29

Yeah.

9:30

And like, I think that, and I'm curious to what you think here.

9:35

You've heard some outspoken, I think specifically like CIOs and CMOs over the

9:41

years post on LinkedIn

9:43

and be like, I don't need another blank.

9:47

I think that those are like the point one percent of people.

9:52

Yes.

9:53

Right.

9:54

So, you know, I think there's a lot of controversial decisions.

10:01

It's like, you know, people just like to create, you know, a frenzy on LinkedIn

10:08

just to, you

10:08

know, click bait, so to speak.

10:11

And I do think that there is a world where, you know, there's smarter gifting

10:15

with AI that's

10:16

going to reduce some of that.

10:18

But then there's also a lot of people that's, you know, if you get the right

10:22

gift to them,

10:23

you don't have to go to a donation to charity or another hundred bucks to

10:26

Amazon to buy

10:26

some stuff for the household.

10:28

So there's, you know, there's infinite reasons why there's more things that you

10:32

need.

10:33

And then I think it's also the gifting experience around it.

10:37

I think if you're doing, like you said, you could do this wrong.

10:40

And if you're just throwing over a Hail Mary gift, no follow-up, no

10:45

customization, like

10:47

it comes across maybe it fails to come across well.

10:50

But if you're thoughtful in what you send, thoughtful in the message,

10:53

thoughtful in your

10:53

pre and post follow-up, it can land well regardless of what you send.

10:58

Right.

10:59

You know, you give the bottle of booze to somebody who doesn't drink or, you

11:02

know, you give,

11:03

give the socks to somebody who will need more sandals, you know.

11:08

I send it, send the Patagonia to the person who lives in the desert, you know

11:13

what I mean?

11:13

Oh, I guess deserts get pretty cold.

11:16

So maybe that's still a good gift.

11:20

But about what to send, you know, I think one of the things that's probably

11:24

pretty exciting

11:24

for you of seeing, you know, getting all the data points of like all the things

11:27

that Alice

11:28

has been sending, all the things that you have been sending, you know,

11:30

combining those things

11:31

together, how do we get into like what really drives the needle for people?

11:37

Like, you know, you can imagine the Stanley Cup being something that's probably

11:43

extremely

11:43

hot right now.

11:45

Anything that's on sort of like the gift guide, you know, I mentioned something

11:47

like

11:47

the Theragon, you know, these type of potentially like slightly higher ticket

11:53

items that people

11:54

don't necessarily want to splurge on for themselves.

11:58

You know, how do you think about sort of like the trends and what to send to

12:03

really like

12:03

surprise and delight people?

12:05

Yeah, we look at it a couple of ways.

12:07

We look at what can we target the specific individual that like Chris likes

12:12

golf, has

12:13

a dog, has a baby likes tequila.

12:16

We have an interest graph of what Chris likes so we can send something very

12:19

specific to

12:20

him.

12:21

Or we can take it one step bigger and say, hey, a CEO in tech in the San

12:25

Francisco Bay

12:26

area who's, you know, mid 30s, what would he like?

12:32

And or we can take that even farther out too.

12:35

So there's different levels of personalization based on different data that

12:40

were privy to.

12:41

We also have like the ability to offer up like a choice experience where you

12:45

can trade in.

12:47

And that also really helps our algorithms and our data sets too because we can

12:52

let the

12:52

end user select what they want.

12:54

And then it gives us what are the other things they don't want.

12:57

So there's some really interesting ways to help get the person the right thing.

13:02

There's also, you know, not always a personal gift is the best thing to send to

13:07

Yeah.

13:08

It would be something more like branded swag that, you know, you have an

13:13

affinity towards

13:14

the company or you've been a long time customer.

13:17

You just renewed for the third time.

13:18

And I don't, you know, maybe it's not sending just a random bottle to kilo, but

13:22

it's sending

13:23

some really cool new hat.

13:26

And so there's some different areas where actually it doesn't always need to be

13:30

personal.

13:32

There's also reasons to send, you know, someone's browsing a blog post on your

13:37

website or listen

13:38

to a podcast.

13:39

Maybe you either send them like a really high end printed version of that or

13:42

maybe you send

13:43

them like some, some air pods with, you know, with some note around, hey,

13:48

listen to more

13:49

of our podcasts.

13:51

Here's a, and so you can really tie it into where that buyer or customer is in

13:55

their,

13:56

in their journey.

13:57

You can tie it into intent data that you're seeing and how they're interacting

14:00

with your

14:01

brand, you can tie it into, you know, time of year or sports teams or other aff

14:07

inities,

14:08

things that are happening live in real time and current events.

14:11

I think the beauty of it is it's just endless creativity.

14:16

And for marketers, creativity can be a secret weapon.

14:19

If you're good at it and, you know, we're kind of like a creativity platform in

14:25

itself.

14:25

Yeah, I love that.

14:28

And I love that you can help with the creativity piece, right?

14:31

Yes.

14:32

It's like, I think a lot of people, you know, struggle for that.

14:36

And I think that a lot of people struggle because, you know, it's, it's, you

14:41

know, indecision

14:42

by, by too many decisions, right?

14:44

It's like, well, how am I going to send something that's, that's personalizing

14:48

cool.

14:49

You know, you always hear of the, the quarterback who buys their entire

14:54

offensive line, you

14:56

know, like go karts or something like that, or, you know, uh, now the idea that

15:03

they all

15:03

have it is exciting, right?

15:05

It's like, that's part of the part of the joy of it is like, did the

15:09

quarterback pull

15:10

each of them be like, do you want to go kart?

15:12

You know, they're like, yeah, this is something that they thought is cool.

15:16

You know, to say thank you or whatever.

15:18

I think that there needs to be a little bit more of that in terms of gifting

15:22

where it's

15:22

like giving someone like an entire team or something like that, something that

15:27

's, uh,

15:28

you all get one or it's all sort of a shared experience.

15:31

I think that there's, there's a lot of value there.

15:33

I don't know if you've ever seen, you know, stuff like that or anything that

15:36

shows you.

15:37

There's, we definitely see more group gifting.

15:40

Um, that, uh, that was really popular too when people were back in the office

15:44

because it was

15:44

really easy to say, Hey, the buying, there's, you know, eight people in the

15:47

buying community,

15:48

or, you know, half of them are in this office, half of them are in this office,

15:50

let's send

15:51

them something.

15:53

We also see like shareables like sending cupcakes can be good.

15:57

We've even seen some customers use some creativity where if you want to send a

16:00

group gift, you

16:00

send one person like a locked box and the other person like the key to get in

16:04

and then

16:04

inside the box is like the gifts that they can share.

16:07

Um, so that's a really, some really interesting ways.

16:11

And then experiences too, is another area that you can use our platform on and

16:15

you can,

16:15

you know, have a whiskey tasting experience, send everyone through our platform

16:19

some whiskey

16:20

or some custom whiskey glasses.

16:22

And then there's a team of eight that are all kind of chit chatting around like

16:26

a kind

16:26

of a virtual experience.

16:28

And there's, you know, hundreds or thousands of these experiences that we've,

16:32

uh, we can

16:33

offer up and that's, uh, can be a good supplement and complimentary to like a

16:38

field event where

16:39

you want to, uh, maybe you don't want to go in the field, but you want to host

16:42

these more

16:42

frequently with a couple of customers or, you know, if you have a vibrant

16:46

community or

16:47

advocacy group or even if it's just a larger buying committee and you just don

16:51

't, instead

16:51

of doing a, you know, another demo, it's like, Hey, let's introduce a more

16:57

interesting experience

16:59

to this, uh, that'll be memorable and win over the buying committee.

17:03

Yeah.

17:04

I mean, I love the adage that your, your, your buying process is your brand,

17:09

right?

17:09

Yes.

17:10

That's, that's, quotes, gold.

17:12

Yeah.

17:13

No, I, I think about it all the time.

17:14

I mean, it's like how they're buying your product is and really, you know, your

17:17

whole

17:18

customer journey, but like, uh, you know, if your implementation sucks, then,

17:22

then,

17:22

you know, that's not great, but, uh, but you know, the, the, as soon as the

17:27

sales are up

17:27

closes the deal and they're like, see you later, you know, that's not great,

17:30

but, um,

17:30

but I really feel like that that buying process is that way.

17:33

And I think that gifting just shows that people care, like they show that they

17:37

're trying

17:37

to win your business that shows that, that you do matter to them outside of,

17:43

you know,

17:43

this other stuff.

17:44

And like you're using the corporate budget to support them personally.

17:48

Like I think that like buying technology is incredibly personal.

17:52

You know, you hear lots of people talk about it's, you know, human to human

17:55

selling.

17:56

And it's super true.

17:57

Yeah.

17:58

It's like at the end of the day, people.

17:59

Yeah.

18:00

And the person staking their career on this purchase, it's not their entire

18:02

career on the

18:03

purchase of a software, but it is like a percentage, right?

18:06

It is like a 3% chance.

18:08

And if they screw up, you know, 20, 20 software purchases, um, you know, for 3%

18:15

then they

18:15

might get fired, you know, but if they only buy four in the course of a year,

18:19

like it

18:19

could be a big, you know, impact if, if they don't do it.

18:22

Now I, I had, I had someone who is, uh, we're working on a podcast together.

18:27

And he was like, if this doesn't go well, I'm not getting fired, but like also

18:34

it is

18:35

pretty high profile, you know, and I think that that's like one of the things

18:39

that I

18:40

think we just forget about.

18:41

And so sending someone a gift, like, Hey, thank you for, you know, sticking

18:45

with me

18:46

to this process and like being a champion and, and trying to convince everyone

18:50

else,

18:50

say your company that you, that you should buy this stuff.

18:52

I think it's a worthwhile pursuit.

18:54

Totally.

18:55

And I loved your quote of your buying process as your brand.

18:58

Like, and that's a way to differentiate, uh, in a competitive market where

19:03

there's similar

19:04

looking solutions or similar looking software, the buying process can make or

19:08

break it.

19:09

So.

19:10

Yeah.

19:11

And, and I think too, that it's really exciting about all the AIPs.

19:15

And I think the other piece of this is sort of, you know, what we were talking

19:19

about with

19:19

the, the sales rep stuff, um, which is obviously there's all these tools for

19:25

listening now.

19:27

There's tools to pick up, you know, different things about people, uh, about,

19:31

you know, things

19:32

that, that mentioned in, in the conversation, uh, you know, whether or not they

19:36

have, you

19:37

know, a family or where they live or something that's, you know, these, these

19:40

little things

19:41

that the data can pick up in those type of conversations and they can, you know

19:45

, link

19:46

into something that raised the fight.

19:48

So like, Hey, you know, they mentioned that it was really cold on three calls

19:52

because

19:52

they live somewhere cold, like maybe we should send them a hat, you know, or

19:56

whatever.

19:57

Like that's where I think, um, blending those tools together and those types of

20:01

integrations

20:02

of the different technologies for, for go to market, I think, start to get

20:05

pretty exciting

20:06

from, for large scale teams.

20:08

Yeah.

20:09

I mean, like again, it shows that you listen and shows that you care shows that

20:12

you're

20:12

not just trying to have a transactional sale, but you know, they mentioned

20:16

something to

20:17

personally or the, you know, they talked about a sports team.

20:20

They talked about a trip.

20:21

They're excited to go on.

20:22

They talked about something like that.

20:24

And that's relatable.

20:25

And then it's just another talking point for the next time you talk to them, uh

20:29

, where you

20:30

can bring up what you just sent them.

20:32

And it's just again, building rapport, building relationships, people buy from

20:36

people and,

20:37

uh, especially in a noisy competitive environment.

20:41

So where the heck does this stuff live in a marketing budget?

20:44

You know, we always talk about sort of, you know, your, your uncuttable budget

20:47

items and

20:48

yeah.

20:49

And this idea of like, where should this even live?

20:51

Are we someday going to have like a head of gifting that's on your, on your

20:54

marketing

20:55

team?

20:56

Like where, where should this, uh, be sitting?

20:59

And, you know, if it's in customer success, if it's in demand, Jen, if it's in

21:03

some of

21:03

these places, like, and if it's everywhere, you know, and even our HR teams,

21:06

you know,

21:07

obviously send stuff as well, uh, that kind of makes it pretty confusing that

21:11

nobody owns

21:11

it.

21:12

And then where do you put it in the budget?

21:13

Right.

21:14

Yeah.

21:15

We, uh, so we usually see, uh, a few different teams in marketing will own it.

21:20

Um, it could be field marketing and this is sometimes dependent on if field

21:24

marketing

21:25

is enabling sales reps, so they are going to own this kind of tool that crosses

21:30

the chasm

21:30

for marketing and the sales and vice versa.

21:33

Uh, we see demand, Jen, which, uh, in some cases will have like ABM roll into

21:38

them.

21:38

Um, and so then they will, uh, share the ownership.

21:42

Um, those are kind of the more common ones.

21:46

Uh, for some, uh, larger companies that we've seen, they have like campaign

21:51

teams that want

21:51

to own this, um, some companies will want to take a more data first approach

21:57

and a more

21:57

automation first approach in marketing ops owns it.

22:00

So, um, I think the good news is for us is we can, uh, we could find and sell

22:05

into a

22:06

variety of different personas.

22:09

Um, you know, it's just, it's not perfectly cookie cutter.

22:12

In some cases, sales won't still raise their hand and leave the charge and you

22:15

'll find

22:15

budget for it.

22:17

Like you said, CX and HR, but, um, yeah, there's usually a few people in

22:20

marketing that

22:21

are, uh, that are usually doing something like this either manually or have

22:25

tested something

22:26

manually and want to scale it out.

22:29

So, um, you know, it's, I'd say it's not like we're like the brand newest thing

22:35

that

22:35

they've never heard of.

22:36

It's like they know this works or they've tried it before, they want to try it

22:39

more and

22:40

they just need to scale it out.

22:41

They need to use software to be more effective.

22:44

They need to use software to track it better.

22:46

They want to use access to our global marketplace for, for a reduced effort for

22:50

shipping or

22:51

reduced costs for kind of our economies of scale.

22:54

So, uh, yeah, I think that bodes well for us to be able to kind of do a lot of

22:59

good discovery

23:00

within which teams are really feeling the pain.

23:03

Yeah.

23:04

Yeah.

23:05

I think that that's one of the things that's pretty challenging about gifting

23:08

is it's

23:09

not clear, you know, what percentage of your budget, your marketing budget

23:13

should be gifting.

23:14

Right.

23:15

And it's like, if it were to just say, Hey, we're going to have it live in, in

23:18

marketing.

23:20

And maybe, you know, it's executed by sales, but it's like, you know, a

23:23

marketing budget

23:24

line item or, you know, however you want to do it.

23:27

It's like, you know, whatever, 2% of your marketing budget needs to go towards

23:31

gifting.

23:31

And then you can be creative in how you do that.

23:33

Like, you know, maybe you send, you know, one big gift, you know, to your, to

23:37

your top,

23:38

you know, 50 key accounts, or maybe it's something smaller to, you know, your

23:42

top 500

23:43

or whatever your sort of strategy is, um, that sort of nest into your, your

23:47

existing marketing

23:48

strategy. But it seems like that that would make sense, uh, to be able to have

23:52

something

23:53

like a little bit more rigid to say, like, Hey, this is like part of our go to

23:57

market.

23:58

You know, that we want to, we want to lead with this type of an initiative or

24:04

follow up

24:05

with this type of initiative or have it sit in a very specific part of our, you

24:09

know,

24:10

of our playbook.

24:11

Yeah.

24:12

You're used to your thoughts.

24:13

We do see, uh, we do see some companies have gifting, uh, budgets, line items.

24:17

Some have had have direct mail and we kind of fall under this direct mail

24:21

budget, which

24:21

has been, you know, around forever and people know what direct mail is.

24:26

So oftentimes there's a line item for direct mail, um, or they're creating, you

24:30

know,

24:30

new line items and, and, um, I think that's also helpful.

24:34

And then one of the recent trends we're seeing actually is kind of existing, uh

24:39

, kind of

24:39

legacy channels like a, uh, you know, someone's running ads and they want to,

24:44

uh, like digital

24:45

ads and, and they want to put a, you know, a Yeti mug in their ad to entice the

24:50

, the

24:50

click or the, uh, the view.

24:53

Um, and so we're seeing that within ads, within, uh, content, uh, incentives.

25:00

So download this white paper or case study and we'll send you a $25 Starbucks

25:05

card, attend

25:05

this webinar and get this.

25:08

So it's actually like, uh, existing field and webinar channels, existing ad, uh

25:13

, channels,

25:14

existing content channels are all able to say, Hey, we can drive better results

25:19

We can drive more conversions if we use gifting, uh, incentives or, or gifting,

25:25

um, kind of

25:26

thank yous.

25:27

Um, and so we're seeing that's the sprinkled across different marketing teams.

25:31

Yeah.

25:32

And this is why I think it's so complex and like where there's complexity,

25:35

there's opportunity

25:36

for marketers because it's like to me and obviously there's completely

25:40

different place,

25:42

right?

25:43

I think doing $100 demos, which, you know, we had, uh, Jason, what a, uh, like

25:47

a year

25:48

ago on the podcast talking about how they ran a really sophisticated demo, uh,

25:52

you know,

25:53

pay demo strategy that worked really well.

25:55

Um, that's like one part of like quote unquote gifting, right?

25:59

And then, you know, sending someone a plant that sits on their desk is like a

26:04

completely

26:04

other tactic within the same sort of, you know, overall strategy, which should

26:09

probably nest

26:10

into an overall strategy, which is like, Hey, we want to get a meaningful touch

26:14

on every

26:14

single prospect that's in pipeline, you know, within a, uh, every month within

26:19

a year or

26:20

what, you know, whatever it is.

26:21

Um, but they're so different, right?

26:24

Yeah.

26:25

And I think that's where like why we've seen such a rapid rise and success over

26:29

the last

26:30

like eight years is that software can really help kind of, uh, manage all of

26:36

those kind

26:36

of coexisting campaigns so that you can track back to your CRM or your

26:41

marketing animation

26:42

tools, all the different campaigns that we touch or that gifting touches.

26:46

You can also have different funding sources and different budget line items and

26:50

even tying

26:50

back to different POs for some of these different sends.

26:54

And so there's a lot of complexity in the, the budgeting, the funding, the

26:58

reporting on

26:59

all of that so that you don't just have this like, you know, one pool of money

27:04

that says,

27:04

Hey, this is our gift budget, but then it's actually like, well, it's

27:07

influencing all

27:07

these other channels.

27:08

So we want to track it all separately and they all have separate budgets.

27:12

So how do we, you know, intertwine, but not intermingle and commingle these

27:16

funds?

27:17

So I think, uh, it's where like doing it on your own without software becomes

27:21

an I-Mare.

27:22

It really is an I-Mare.

27:24

And then the pool of monies, the, uh, you're not comparing apples to apples,

27:28

right?

27:28

Exactly.

27:29

Which is the hard part.

27:30

And then you're like, well, what did we spend all this money on swag for?

27:34

And you're like, you know, oh, actually all the swag that we sent was, you know

27:39

, we gave

27:39

people T-shirts, which like have our logo on them to people who wanted to do

27:43

demos of

27:44

our product.

27:45

Like, that's a net positive in two ways because they're wearing our logo on

27:49

their stomach.

27:50

I think that's where we've been able to take over the swag industry by storm

27:53

too.

27:53

And that, you know, his legacy swag companies have really been this like one

27:58

budget, no

27:58

software.

27:59

They send you some shirts to your office.

28:03

Maybe they've sophisticated a little bit more and will send directly to the

28:06

customer or

28:06

the prospect.

28:07

But again, if it's not tied to individual campaigns that are tracked back to

28:14

real contacts and

28:15

accounts and opportunities, it really creates a problem for marketers that want

28:20

that need

28:21

attribution reporting and that need to show the efficacy of one versus the

28:24

other or do

28:25

A/B testing.

28:27

All that is like critical for marketers, especially in a world where budgets

28:31

are tightened.

28:32

So you don't have unlimited budget.

28:33

You got to say, I only got, you know, eight million bucks a year to spend.

28:37

Where am I going to put it?

28:38

And how did it work last year so that I could invest in channels and strategies

28:42

that work

28:42

better?

28:43

So, you know, I only invest in marketing that is remarkable.

28:49

This is sort of like my personal marketing philosophy.

28:51

I like that.

28:52

So it's like you, you have to be a, it has to spur a conversation of some kind.

28:57

And the conversations that I get feedback on pretty, pretty commonly are like,

29:01

Hey, listen

29:01

your podcast.

29:02

I love it.

29:03

Hey, I read your newsletter and I love it.

29:04

Hey, I see you everywhere I'm linked in.

29:06

Hey, the shirt that you sent me, I wear all the time and it's the most comfy

29:10

shirt I've

29:11

ever worn.

29:12

Yeah.

29:13

All the time I hear that, which is great and fun.

29:17

But that piece of the swag thing, I think like somehow, somewhere along the way

29:22

, the

29:23

idea of sending people swag got like overdone or overblown or whatever to this

29:29

idea that

29:30

like it wasn't a good idea.

29:32

And every single time it makes me crack up because I'm like, this is someone

29:36

who is,

29:37

if they are a prospect that is actually wearing your gear, what do you think

29:41

the percentage

29:41

chance if they wear, you know, that shirt once every two weeks that they're

29:45

going to

29:46

buy your software someday?

29:47

I mean, like, could I get the date on that, you know?

29:51

Yeah.

29:52

Or if it's going to influence the people in their community, going out to

29:55

dinner, going

29:56

out to lunch, going to grab beers and you wear a hat or a jacket or a beanie.

30:01

If it's cold and you're going to a lodge and skiing, there's so much extra

30:08

value that

30:09

is impossible to quantify, but is intrinsic and known.

30:14

I kind of related in some cases to field marketing where, you know, I think

30:18

sometimes

30:18

field events get bad wraps because you're like, okay, I've tracked some of the

30:21

leads,

30:22

but I know more people saw our booth.

30:23

I know we had conversations that didn't get like logged in some system, but

30:28

there's just

30:29

ancillary benefits from showing up at events at times.

30:33

And I think that's a, you know, gifting swag can have that effect where it's,

30:41

you know,

30:42

there's more benefits than the direct attribution.

30:45

100% and like, you know, 13 impressions still equal sale, right?

30:51

And the quality of an impression when someone goes, hey, what's that shirt?

30:54

And you're like, oh, this, this vendor send it to me.

30:57

It's, you know, like, it's just really comfy shirt.

31:01

And they're like, oh, that's like, what do they do?

31:04

And then all of a sudden your prospect is explaining what your company does,

31:07

you know,

31:07

to another person, like how valuable is that?

31:09

I just think that there's so much opportunity in those sort of things because

31:12

there's like

31:13

outsized results.

31:14

Like when you pay $70 for a lead because you have been running a pay campaign

31:20

and you

31:21

got X amount of impressions and, you know, X amount of clicks and, you know,

31:24

whatever

31:24

and somebody raises their hand or whatever your numbers are.

31:30

And that's great.

31:33

But then it's that it stops working, you know, forever and always, right?

31:36

Like there's there's no way that that thing can grow.

31:39

Whereas when you give someone a gift and it creates a story that that story

31:44

will live

31:45

on in some form of format and it like might be one time that they tell one

31:50

person, but

31:51

it might be something where they tell people, you know, 20 times I had a sales

31:55

force, Patagonia,

31:58

like quarter zip that I must have wore like a thousand times, you know, like, I

32:03

'm like,

32:04

well, the other trend we see in swag, which I think is gives you even more long

32:10

lasting

32:10

longevity to is where you come up with, you know, more kind of creative, you

32:20

know, not

32:20

just your logo centered on the shirt, but, you know, like New Relic, like a

32:24

data nerd

32:24

shirt, like you like, you know, there was a lot of people, tens of thousands of

32:27

people

32:27

that just wanted the data nurtured and the logos on the sleeve.

32:30

But you know, the main shirt was like something you'd probably go and buy that

32:33

if you were,

32:34

you know, going to go shopping, you know, at the mall.

32:37

Or I think a lot of brands and a lot of companies have cool logos or mascots,

32:42

you know, like

32:43

yours, you know, you throw that on a shirt and that could actually be like

32:49

something you

32:50

go buy at a store.

32:52

So I think there's an opportunity for marketers to continue with creativity.

32:56

And this is one of the things we push from our campaign services team is you

32:59

don't just

32:59

have to like upload your logo and throw it on the center of the item, but maybe

33:04

you want

33:05

to create a brand or a new like line of, you know, a new line of clothing or a

33:11

new logo

33:11

that matches your logo, but in a different format.

33:14

And there's a lot of creativity that can go into that to provide longevity too.

33:20

So I did this back in the day, I was going to speak at a conference and I

33:26

wanted to make

33:27

shirts for our podcast.

33:31

And so I made a shirt that had, I just designed it on camp, I think, but it had

33:40

a kip from

33:41

Napoleon Dynamite.

33:43

And it said, you know, yeah, they downloaded my white paper.

33:47

We're getting pretty serious.

33:49

And I must have had 50 people that were like, can you tell me where to buy that

33:53

shirt?

33:54

And I was like, oh, it's not for sale.

33:56

I just made it for this event because I'm speaking at this event.

34:00

And like it was one of those like moments.

34:03

I'm like, why do I not have a store on our site that just sells this, you know?

34:08

Yeah.

34:09

Why not have it's like, why not have fun with your brand and fun with your,

34:12

your engaging

34:13

the ways that you're engaging with your prospects and customers?

34:16

Because you don't need to just run this boring playbook of, you know, boring

34:20

gift or a boring

34:21

logo.

34:22

And, you know, I think that's a perfect example of, of, you know, having fun

34:27

with it and creating

34:28

much more appeal and much more demand and much more awareness.

34:32

Yeah.

34:33

I had another one that, and I think it's important to tell all these stories on

34:37

, especially on

34:38

this podcast, but because they are memorable and like, I think I obsess about

34:42

this stuff

34:43

all the time.

34:44

So I think about it all the time, but we had, I went to an executive event with

34:47

the good

34:47

people at Pro-Core.

34:49

And one of the things that they sent was a letter board.

34:51

I've told this story before, but they sent a letter board and we had just found

34:56

out,

34:57

you know, that my wife was pregnant and it was during COVID and like we were,

35:02

we were,

35:03

you know, going to go buy a letter board so you can do all the, you know, fun

35:07

stuff when

35:07

you can just one month or, you know, all those things.

35:10

And we had this Pro-Core one.

35:12

So that was the one that we used for my son for the first like, year of his

35:14

birth is this

35:17

little Pro-Core, you know, letter board that literally had their logo on it.

35:20

And so, yeah, it's just, again, it's like they, how many people use that little

35:26

letter

35:26

board that they sent out?

35:28

Like, I might have been the only one, you know, but it made a difference on me.

35:32

And, and, and that's like, yes, there's waste and yes, there's other stuff and

35:36

obviously

35:36

you want to limit waste as much as you can.

35:38

But, but that was something really cool and special and like made a difference

35:42

for me,

35:43

like in my actual life and that's where gifting, I think, is at its best.

35:48

And it's serendipitous, right?

35:50

Like they didn't know, but like that's the thing.

35:53

Everything in marketing doesn't have to be, I intend it to be to do blank and

35:58

it has to

35:58

do that thing.

35:59

It's like, that's why events are great is because of serendipity.

36:01

It's like, I just ran into Chris.

36:03

I haven't seen him in years or I've never actually met him in person, but he's

36:06

been

36:06

on my podcast.

36:07

Like that's the sort of stuff that I think, you know, with that combined with

36:11

good marketing,

36:12

and I have like, outsized results.

36:14

100%.

36:15

All right.

36:16

Before we get out of here, we'd love to talk uncuttable budget items.

36:21

Where are y'all spending your money these days?

36:25

What type of marketing are you investing in?

36:28

Yeah.

36:29

So I think the, if I pick, where to pick a few, one is content is huge for us.

36:35

Thought leadership, I guess that boils into SEO, but just content is an uncut

36:40

table budget

36:41

item.

36:42

It's kind of our growth, our outbound growth operations motion, which I would

36:46

say is like

36:47

our evolved SDR function.

36:50

That is uncuttable.

36:51

And then, you know, we've got to give some love for some does zone gifting.

36:57

Love it.

37:00

Anything that y'all send that's been extra fun or any things that you've pushed

37:04

your

37:04

team on that has been especially cool.

37:07

I mean, we've just doubled down on this smart send feature that we released

37:12

recently, where

37:13

you can plug in a prospects email or it will give you like highly personalized

37:19

things that

37:19

you can send them using some AI.

37:22

So I think it's kind of a catch all that, you know, using AI and tech to

37:27

personalize.

37:28

And then that really drives the wow factor forward.

37:32

I love it.

37:34

Chris, before we get out of here, we'll do our final segment.

37:37

Quick hits.

37:38

Okay.

37:39

Your quick questions, quick answers just like how quickly qualified helps

37:42

companies generate

37:44

pipeline, tap in your greatest ass at your website to identify your most

37:47

valuable visitors

37:48

and instantly start sales conversations.

37:51

You have two websites now.

37:53

What better way to start sales conversations than on two different websites

37:57

twice the power?

38:00

Go to qualified.com to learn more.

38:02

Quick hits, Chris.

38:03

Are you ready?

38:04

Let's do it.

38:05

Number one, what's a hidden talent or skill that's not on your resume?

38:09

I'm like an Upwork master.

38:10

I love using Upwork and I love finding freelancers.

38:13

And so I think I've spent like a million bucks on Upwork.

38:17

It's like my hack that I tried to tell everyone in my company to do too.

38:20

We have to.

38:21

I've done the same thing.

38:22

It's crazy building a digitally first company and like the tools that you can

38:27

use to build

38:28

a company now.

38:29

And it's like all these things that it's just, it's just remarkable.

38:33

We found just so many, so many talented people on Upwork that end up becoming

38:38

employees,

38:39

which is fun.

38:40

I love it.

38:41

Do you have a favorite book podcast or TV show that you recommend?

38:45

I love my first million podcast.

38:47

It's my favorite.

38:50

Favorite non-marketing hobby that indirectly makes you a better marketer.

38:54

I love playing with Legos.

38:56

I'm building Lego sets of creativity.

38:58

I think going back to that as a marketer, you need to be creative.

39:01

So I'll go with Legos for that one.

39:03

If you weren't in marketing or business at all, what do you think you'd be

39:06

doing?

39:06

I would be.

39:09

So I would, I love marketing.

39:10

I love starting companies.

39:11

I'd be starting another company.

39:14

What's your advice for a best advice for a first time CEO?

39:21

I would say be data obsessed.

39:26

And final question here.

39:28

Do you have anything to plug?

39:29

Obviously, we talked a lot about send us.

39:32

So today everybody can go to sendos.com to learn more.

39:36

Yeah, any final thoughts, anything to plug?

39:39

I would say, well, we have a newer free product.

39:42

So you can sign up and get sending today for free without a subscription.

39:46

So if you're an individual listening to this or you want to test out something,

39:50

you can

39:50

get the gifting today.

39:51

So you can go to our website and click sign up for free.

39:53

So I'd say check that out.

39:55

And then the other thing is follow me on LinkedIn.

39:57

I'd be on LinkedIn and would love to connect and would love to have you read

40:02

more content

40:03

that I'm sharing.

40:04

Which by the way, I buried the lead here.

40:06

Casping sign up for the free product as soon as it came out and started using

40:10

it and it's

40:10

awesome.

40:11

So yeah, I highly recommend to go do that.

40:14

We sent some maternity gifts, send some meals to expecting mothers because

40:21

goodness gracious

40:23

that time you need as many as many meals as you could possibly get that you don

40:26

't have

40:27

to make.

40:28

Oh yeah.

40:29

Chris, wonderful having you on the show.

40:31

Great to finally chat long form on this after our short little snippet on

40:35

Pipeline Summit.

40:38

It's been great, you know, following along huge fans of Sendoso and congrats on

40:42

the outside

40:42

acquisition and everyone will be following along and try to fit gifting into

40:53

our budgets

40:54

if it's not already.

40:56

(drum beating)

X

This is a test comment.

X

This is a longer test comment to see how this looks if the person decides to ramble a bit. So they're rambling and rambling and then they even lorem ipsum.


author