Ian Faison & Esther-Mireya Tejeda 44 min

Using Neuroscience to Understand Your Customer


Esther-Mireya Tejeda, CMO at Anywhere Real Estate Inc., shares about tapping into the unconscious emotional makeup of consumers.



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[MUSIC]

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Welcome to Pipeline Visionaries.

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I'm Ian Faiz on CEO of Cast Mein Studios.

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And today I'm joined by special guest, Esther Mariah.

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How are you?

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I'm well Ian.

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Thank you for having me on.

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Excited to have you on the show.

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Chat marketing, chat pipeline, chat anywhere in real estate,

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and everything in between.

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And today's episode is always brought to you by the great friends

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at Qualified.

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You can go to Qualified.com to learn more

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about how you can have really fast conversations on your website

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with your ideal customers.

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Ian, let's get into it.

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How did you start on marketing?

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So that's actually quite a funny and non-direct story.

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So I had no intention of going into marketing.

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I actually thought I was going to go to law school

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and took a gap year between undergrad

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and getting ready for law school.

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Went to work as an analyst on Wall Street.

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And I worked for Standard and Poor's.

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And it was a very financial service,

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white shoe from kind of culture.

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This is early 2000s to date myself.

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And I realized very quickly, by very quickly,

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I mean, probably the first day, that the culture

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and the environment and just the tone of the whole place

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was not for me.

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And so every day I was running into my office,

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I was living in Brooklyn at the time.

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I was taking the train down to Wall Street.

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I was wearing the typical financial service Wall Street

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analyst's uniform of the trousers and the button downs

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that are tucked in and pencil skirts in the whole nine yards.

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And I could not have been more miserable.

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And so I had this moment of epiphany on the train ride one day

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where I said, I really feel like I'm in a costume.

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And I really feel like I'm living someone else's life.

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This is not remotely what I want to be doing.

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And so to make a long story short,

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I got into throwing events on the side

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as a way to make additional money,

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as a way to have a lot of fun.

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I had a lot of friends, very social.

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And I quickly realized I could monetize my social circle

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by doing club promotions.

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And so club promotions led to this other idea

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of doing experiential marketing.

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In other words, creating these events from scratch for brands

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instead of doing them for clubs.

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And so next thing you know, I am at OBLI,

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taking on my first proper marketing job,

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working for British American Tobacco as my first ever client.

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And so the next 20 years has really come

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from this inflection point of being on that train that morning

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on my way down to Wall Street and realizing

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I have to find something else to do with my life that

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is more connected to who I am.

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It's a person and is more, more connects the left side

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of my brain, the right side of my brain.

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And here we are.

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And I'm so glad you did.

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I couldn't imagine you in Wall Street.

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[LAUGHTER]

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The marketing needs you.

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Yeah, so flash forward to today, tell us

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what it means to be a CMO of anywhere.

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So anywhere is the one of the leading residential real estate

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companies in the US.

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Many folks won't know us as anywhere

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unless we happen to be in the business

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of residential real estate.

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But most people do know our global brands.

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And those include Sotheby's International Realty,

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Corcoran, Coldwell Banker, Century 21, Better Homes and Gardens,

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ERA.

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And we are also in the business of title and insurance

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and mortgage and corporate relocation through cardis.

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So it is a full service residential real estate

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corporation that is really in the business of transforming

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the way that we think about housing

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and the way that the housing transaction works.

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And finding ways to make that much more

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simple for buyers and sellers, agents and brokers

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with the smart and deliberate use of technology,

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where that makes sense.

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And having such a huge portfolio of brands

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that everybody knows and loves, how does that change how

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you think about marketing?

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So marketing has evolved greatly in the past two decades

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or so that I've been in the business.

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I mean, as I mentioned, when I first started,

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I was working on tobacco brands.

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Then I went to work on one in spirit's brands

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at Pranova Card on the agency side, Matiasgio.

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And I was working on Johnny Walker and Stolivaca

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and Smirnoff and Guinness and quite a few other big global

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brands.

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At that time, marketing was really about brand awareness,

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engagement, brand health.

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Lots of PR, right?

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And being at the center of the conversation,

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especially in these industries where above the line

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advertising was really difficult to do because

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of the regulations involved in the industry.

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So really learning how to think about marketing

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with a very scrappy mentality and how

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to approach this engagement question and the brand awareness

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question without breaking any rules, obviously staying legal

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but also being really creative about the strategy.

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And so over the years, we've seen as the industry

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has evolved, as human beings in our behavior

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have also evolved in response to the world around us evolving.

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It's this perfect kind of trifecta of change

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that has been going on for the past two decades, really,

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since the beginning of the digital transformation

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of our lives of society.

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And so what we see now in marketing

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is it's gone from this really heavy focus on awareness

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and advertising, experiential, et cetera,

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to now be a really technical, digital first business

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and discipline that requires pretty significant understanding

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of data and analytics and much deeper and much more

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precise understanding of consumers or customers

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in order to get to the end result, which is ultimately

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and has always been about driving business growth.

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All right, let's get to our first segment, the trust tree,

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where we go and feel honest and trusted

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and you can share the deepest, darkest marketing secrets.

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Obviously, a lot of different brands,

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a lot of different customer types.

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Who are your customers?

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How do you think about your customers?

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I think that's a great question and that's something

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that is actually evolving in the trajectory

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of the company and the business.

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I think first and foremost, our customers

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have always been agents, brokers, franchisee owners

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and affiliates, folks that are licensing our brands,

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agents that we're recruiting into the network, brokers

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that we're recruiting into our network across all of the brands.

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What we're now understanding and I think really doubling down

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on is that buyers and sellers are also our customers,

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even though it is a B2B to C model.

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And so in order to continue to be successful and to future proof

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our business and to transform the industry, truly,

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we have to start centering that customer consumer buyer

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seller experience and evolving that to meet the expectations

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of consumers in today's day and age, which are very, very

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different from the expectations of consumers even five years

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ago, let alone 10 years ago, let alone 20 years ago.

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And so there's a pretty large gap right now in the industry

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that anywhere as the leader is in a really unique position

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to be able to solve, which is how do we then

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think very differently about how the average buyer

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and how the average seller approaches a housing transaction,

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how they become educated on the housing transaction,

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how they engage with a broker or an agent

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to list their home or to buy a home.

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And then what does that process from being under contract

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to actually closing on a home look like?

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And in what ways can we make that less complicated,

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less stressful, and less disparate, which

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is the feedback about the process today

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that we're hearing loud and clear from consumers.

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So we need to solve that and think about the business

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of housing really holistically and all of those people

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that I mentioned that are involved in the transaction

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are all our customers in some way, shape or form.

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Yeah, it's such a fascinating company,

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but also such a fascinating problem

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to solve because real estate is so multifactorial, buying a home

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comes down to things that are so macro, things that

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are outside of anyone's control, then down

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to things that are so incredibly micro.

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Like, hey, are you on the sunny side of the street

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or the shady side of the street?

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Or things like, is this the right walkway that I want to have?

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Or where does there is the possibility to expand or to grow?

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There's so many different things there.

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And I think that you nailed it is just there's

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so much uncertainty with the process.

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And back in the day, you just did whatever your real estate

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agent told you to do.

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You're actually raising a couple of really interesting points.

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And I love this conversation because it really gets to the core

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of what it is that we're trying to solve.

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Number one is my belief that a lot of the decision-making

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from a buyer and seller perspective that happens

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on housing is emotional and largely unconscious.

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And I think the decisions that we see people

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make around what house they buy, what house they don't buy,

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are largely post rationalized decisions

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to make their gut reaction to the house make sense

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after the fact.

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And so to be really successful marketers in real estate,

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you have to first truly understand

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that a lot of the motivation in the customer journey

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and the consumer journey comes from deep inside.

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And it comes not from the rational thinking mind,

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but somewhere inside their emotional makeup

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and what I like to call their heart set.

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I mean, how many times have we seen,

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have we experienced, have we witnessed,

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have we heard of a family coming into a home

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that they're viewing for purchase?

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And they have this magical moment where they imagine

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their family, their kids, having breakfast

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at this breakfast club playing in this perfect backyard

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and they fall in love with the house

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and hear this whole thing around falling in love

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with the house.

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And that is a completely emotional thing that has happened

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and then that family will go back and rationalize

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how do they make that purchase make sense.

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It might be out of the zip code that they want.

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It might be a little bit more expensive than their budget.

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It might not actually be the school district

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that they wanna be in,

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but they have fallen in love with the house.

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And so they're gonna make that make sense for them

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in some way, shape or armor.

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We see those type of choices happen over and over again,

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which really leads to my hypothesis

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that a lot of the decision making that happens

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in real estate and other industries,

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really, I think across the board,

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have more to do with the consumer heart set

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than it has to do with the consumer's mindset.

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Although we like to believe ourselves as people

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and as consumers as being primarily rational,

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we don't really see that coming to life

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when we look at consumer behavior overall.

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The other point that you mean that I wanna just touch on

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quickly is around who's the expert, right?

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It used to be the case, not just in housing,

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but in anything, buying a car,

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buying a new refrigerator,

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buying a pair of sneakers,

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that when you went into,

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I'm gonna date myself, nobody beats the whiz,

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to buy a refrigerator in 1997.

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The expert on refrigerators was the person

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that nobody beats the whiz who was gonna talk to you

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about the whirlpool versus the Samsung

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versus the Frigidaire,

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and was gonna educate you on what is better

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for your particular set of needs, et cetera.

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We are now in a completely different set of circumstances

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for consumers because so much information

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is available on the internet

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that now the consumer believes themselves to be the expert

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and wants to do all of that education

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and quote unquote research online independently

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and in a way that they believe is unbiased,

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and I'm putting that in huge air quotes

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because we don't really know that it's unbiased,

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but that's the consumer perception.

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So that by the time they get to best buy in 2023

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to buy their refrigerator,

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they already have narrowed it down to two or three options

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and they're really there to make this quick decision

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and they're not really looking at the salesperson

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as the datekeeper of all of the trusted information.

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They're really looking at the salesperson

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as a transactional partner

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to help them get across the finish line.

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And that is a completely different set

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of customer expectations that we have ever dealt

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with as marketers and salespeople and businesspeople

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in the past.

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And so the entire business of marketing has to shift

14:56

to understand that that shifted consumer behavior

15:00

means the way we approach consumers must also evolve,

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the way that we engage consumers must evolve,

15:07

the experience must evolve,

15:09

and what actually happens at actual point of sale

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has to evolve because the consumer's coming

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into the experience with a very different mindset.

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- Yeah, I love it.

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I couldn't agree more.

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I bought out like a year, a half ago almost.

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And like fortunately our agent,

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shut out, it was, it is like, is the best.

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And it was because she could see the things

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that we couldn't see, which is,

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hey, I've told this story, I thought it was poor.

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But when, okay, when you walk in the home,

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you're gonna wanna look at this,

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and then you're gonna wanna put your bag here,

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and then you're gonna want,

15:53

and then you have a five to two and a half year old.

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It was one at the time.

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You're gonna wanna be able to walk over,

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put your kid here and make dinner while he's here,

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and not wanna have it be over here.

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So this house is great, or hey,

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this house looks really good stage like this,

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but it isn't gonna live like this at all.

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And all of your crap is gonna be on the dining room table

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all the time in the middle of your house,

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and it's gonna drive you crazy.

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And just like those, those sort of next level things,

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I think it just speaks to that in any sales situation,

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the person who is more informed is better off.

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And as marketers, we need to inform our customers,

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which is much information that they can make those decisions,

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and our sellers, so that we can have them make decisions as well.

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That's right, and I think the name of the game

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is the appropriate level of education

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that puts the consumer in the driver's seat,

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so that when you go into a house

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and you have this fabulous agent

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who's helping you to understand the experience

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of living in that home, right?

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You feel so empowered, and you are really getting the tools

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and the information and the guidance that you need,

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so that you become the expert,

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and you're able to make the right decision for yourself

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and your family.

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And what we're trying to introduce

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through this transformation work at anywhere

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is that, plus, all of the different ways

17:22

that technology, tools, products, services, apps, et cetera,

17:27

can support that journey,

17:29

so that when you do finally pick the house that you want,

17:33

the process of getting from the contract to the close

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is just much more seamless.

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I know you've been through this recently,

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so I know you know what I'm talking about,

17:42

the process of getting the housing inspection done,

17:46

and then getting title insurance on the house,

17:49

and then going to get an appraiser

17:53

to come and take a look at the house

17:55

and trying to negotiate all of these things

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at the same time as one individual entity,

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with some support, obviously, from your agent,

18:04

who are really the backbone of this industry,

18:06

but wanting to also feel like you know what's going on,

18:09

and you're ultimately project managing this yourself

18:13

as the buyer or largely as the seller,

18:15

and so how can technology make that process less cumbersome

18:19

and less heavy for the buyer and the seller,

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and there's a lot of opportunity to make that a reality,

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and those are the things that we are actively exploring

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as a business, which I happen to be super excited about.

18:32

For us to be successful at driving revenue and growth

18:37

through marketing, we have to take a 360 degree approach

18:42

to our strategy and understand with serious granularity

18:48

how all of those different parts of the whole

18:52

create the entire funnel, right?

18:54

And so it is B to B, and it is B to C,

18:58

and only by thinking about those things

19:00

in a very integrated way,

19:02

can we drive the results that we wanna drive for the business?

19:06

If I'm only to focus on B to B, and I'm recruiting agents,

19:10

and I'm selling franchises, and I'm recruiting brokers,

19:12

but I'm not supporting the process

19:14

of actually selling a home to a consumer,

19:17

they are not being set up to succeed,

19:19

and by then, I mean agents and brokers, right,

19:21

the books that we're recruiting.

19:22

If I only focus on B to C,

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I'd say a completely different business model,

19:27

because anywhere itself doesn't sell the home,

19:30

our agents and our brokers are selling the home.

19:32

And so we need to have all of these things

19:35

working in a very beautiful choreography

19:39

that is strategic, that is sound,

19:43

and that ultimately focuses on a single thing,

19:47

which is driving growth from all of the different

19:49

economic touch points in our business

19:52

to get to the bottom line, which is more housing,

19:55

more successfully closed housing transactions,

19:59

more franchise sales, happier agents,

20:02

more engaged brokers, and consumers that are reporting

20:06

on a housing experience that is positive

20:09

and that they would recommend to their neighbor,

20:11

to their friend, or to their family.

20:13

- All right, any other thoughts on sort of marketing

20:16

strategy or how you go to market to your customers?

20:21

- So the interesting thing that we're doing now,

20:26

that I think is the next frontier for all marketing,

20:33

regardless of industry, is emographics.

20:39

And so this is something that I have been grappling with

20:43

and unpacking and building brick by brick,

20:47

because it's something that really doesn't exist yet,

20:50

and I think it should.

20:52

And so what I mean by that is historically,

20:55

as marketers, we first really looked at demographics.

20:58

That was the way that we understood customers,

21:00

that's how we segmented, that is how we targeted

21:04

to whatever extent we were targeting at that point

21:07

in our marketing journey.

21:09

And then we moved on to what at that point was

21:13

the cutting edge, which was psychographics,

21:15

and then we started building personas,

21:18

build based on psychographic mindset cues, right?

21:22

Things people like, things people do,

21:23

things people don't do.

21:25

This is a person that is like this,

21:26

this is a person that is not like that.

21:29

And we would craft these personas that would become,

21:32

again, our segmentation vehicle for targeting

21:35

and what we consider to be precise marketing at the time.

21:39

What we were asking, when we were looking at demographics

21:43

and psychographics is the what of people.

21:47

What is this person, what does this person do,

21:50

where does this person live, what, what, what, what, what.

21:53

We have always thought that we're asking why,

21:57

but the question that we're asking

21:58

and the way that we're segmenting actually

22:00

doesn't tell us anything about the why.

22:02

It tells us all about the what.

22:04

And so the next layer of it.

22:06

Yeah, so the next layer of this is,

22:09

let's be serious as marketers about our endeavor

22:13

to understand the why.

22:14

This is what we've been talking about,

22:16

certainly as long as I've been in the business.

22:18

Why is that person the way that he or she is?

22:22

Why does that person like this versus that?

22:25

Why does that person spend this many hours

22:28

watching this type of content versus another type of content?

22:31

And what I have been doing is doubling down

22:34

on that question through neuroscience research.

22:38

And we have been really trying to get

22:42

to the unconscious emotional makeup of consumers

22:47

that set up their predisposition to like or dislike

22:52

and to behave or not behave in particular ways.

22:56

So I call that the layer below

22:59

the things that we are already measuring.

23:01

And it's based on this premise that over 95%

23:05

of our human behavior is actually rooted

23:08

and driven by unconscious emotions

23:11

that we're not even aware of.

23:13

So it's not stuff that I as a consumer

23:15

would be able to articulate in a focus group.

23:17

It's not things that I would be able to

23:20

as a consumer articulate in a survey.

23:23

And so it is our job as marketers

23:24

if we think about ourselves as business psychologists, right?

23:29

To get further down and deeper into that mindset,

23:33

to get to the heart set to understand those things.

23:35

And that's really what this is about.

23:37

And so in creating these emographic personas

23:42

which is what I'm doing through neural, like I mentioned,

23:45

I'm trying to get to why people operate,

23:50

how they operate, why people think and like what they like.

23:54

And then marrying that data with the psychographic data

23:59

and with the demographic data,

24:01

this combination of things becomes this kind of much more

24:05

sophisticated trifecta of information

24:08

that gives me a much clearer picture

24:11

of who my customers are.

24:13

And now with that deeper understanding,

24:17

more precise segmentation that really takes

24:20

into account the emotional state of people.

24:23

And I don't mean this like mumbo jumbo,

24:26

you know fuzzy, warm feelings.

24:27

I really mean like, this isn't an anxious person.

24:31

This is a person that is deeply insecure

24:33

and needs these kinds of drivers to feel secure

24:36

and that's gonna be an important part

24:37

of our messaging strategy.

24:39

Or this is a person that is operating on fear.

24:41

Or this is a person that is operating on aspiration, right?

24:45

And so how we go to market those different people

24:48

is really, really different.

24:49

That plus psychographics plus demographics

24:52

allows us to get much, much closer to the core

24:56

of our customer behavior, which in turn means

25:00

we could be much more precise and deliberate

25:05

in how we market to those folks

25:07

and where we spend our money

25:09

and how we craft our content and our messaging

25:11

and our creative and how we can drive the business outcomes

25:15

that were ultimately tasked with driving.

25:17

- And let's get to that money spending right now.

25:21

Let's go to our next segment, the playbook

25:22

where you opened up the playbook and talk about the tactics

25:25

that helped you win.

25:27

What are your three channels or tactics

25:28

that are your uncuttable budget?

25:30

- Oh God, this is a hard question.

25:34

So I think that, like I mentioned before,

25:40

I think marketing is about choreography

25:43

and it is about really smart integration.

25:47

So when you lose something,

25:49

when you take something out,

25:51

the whole system suffers in some way, shape, or form.

25:54

But if I were to pick the three things

25:57

that I would build as my foundational pieces

26:00

for any marketing strategy,

26:02

it would number one,

26:03

buy and large, be research and insights.

26:06

You can't build anything without having the research

26:11

and insights to drive the decisions

26:13

that you're making, the strategies that you're building

26:16

and to understand the ecosystem

26:18

that you're entering into as a marketer

26:21

and as a business leader.

26:22

So that's number one.

26:24

The second thing I would absolutely invest in

26:28

is strategic planning.

26:30

So taking those insights and creating thoughtful

26:35

and deep perspectives on how to grow the business.

26:40

And so strategic planning is a thing.

26:43

I think the industry, marketing industry

26:46

suffers from a little bit.

26:49

I see a lot of focus on go to market,

26:52

a lot of focus on campaigns,

26:55

a lot of focus on just doing action items

26:58

and getting things out there

26:59

and turning channels on and off

27:01

and pressing all the letters for delivery.

27:04

But none of that works without having a strategic plan

27:07

first and foremost and having the insights

27:09

that are driving that plan, even behind that.

27:12

So those are two things.

27:14

And then the third thing is measurement and analytics.

27:17

I think marketing has still a long way to go

27:22

in terms of the branding of itself

27:25

as a growth driver and a revenue generator.

27:29

And part of the reason for that

27:30

is that we've historically looked at

27:31

or been thought of as cost centers

27:34

because we have lacked as a discipline

27:36

the ability to measure and to have ROI analysis

27:41

that really ties our work to the business strategy.

27:46

And so that as the third thing that is an absolute must

27:50

for me is critical because it is us

27:53

the permission as marketers to continue to do what we're doing

27:57

and to have a seat at the table

28:00

and to be part of the larger business strategy conversation

28:03

without having those analytics that support that connection.

28:07

We really go back to being an arts and crafts function

28:10

and a cost center for the average CEO

28:13

and the average executive suite,

28:15

which is where we do not want to be as marketers.

28:19

Yeah, I couldn't agree more.

28:21

What's something that you don't see working that you're

28:25

that you're not going to be investing in or something

28:27

that's I know you don't want to cut out.

28:30

But the most cuttable thing.

28:34

Well, I'll go back to the insights.

28:36

I think the most cuttable thing is go to market campaigns

28:42

and strategy where I don't have a clear understanding

28:47

of what is the strategic hypothesis behind what we're doing.

28:52

Right. And so having to have that diligence

28:56

is just paramount to having successful work

29:00

and also again, being able to connect the work

29:02

back to the business agenda.

29:05

And so I think a lot of times where marketing struggles

29:10

is maintaining that connectivity to the business agenda

29:15

being very active in the business of going to market

29:18

and executing short term campaigns with short term goals

29:23

that ultimately are not lettering up

29:26

to the overall needs of the business

29:28

and instead are trying to hit on immediate quarter

29:32

by quarter micro goals.

29:35

And it's very hard once you get into that universe

29:40

to get out of that.

29:42

And so if we could all as marketers avoid that trap

29:47

and just always keep our eye on the prize

29:50

and be looking at the macro business problem

29:53

that we're here to solve, we would all be better off

29:57

for it as a discipline.

29:58

And two, I think we would just be hugely much, much more

30:01

successful delivering the results that our CFOs

30:05

and our CEOs expect and want to see.

30:09

What about that experimental budget,

30:11

the little extra 10% that you have tucked away

30:14

for something crazy?

30:16

What do you want to spend it on next year?

30:18

What are you thinking about?

30:19

Debating that you want to spend it on for your experiments

30:22

for next year?

30:24

More research.

30:26

More research.

30:28

One of the things I'm introducing now for 2024

30:32

is user testing for marketing, deliverables.

30:37

I know we all do testing.

30:38

User testing is very common in product.

30:41

User testing is very common in UX and UI.

30:44

But we should be taking that same exact approach

30:47

to our creative.

30:49

And I don't just mean A/B testing and things of that nature.

30:53

But let's use our tasks against real people.

30:56

How are they experiencing our campaigns?

30:59

How are they experiencing our websites?

31:00

How are they experiencing our mobile apps?

31:04

How are they in real time experiencing even something

31:07

like their agent experience, their broker experience?

31:10

How are our agents and brokers experiencing our products?

31:14

How are they experiencing the marketing

31:16

that they get from us?

31:17

We need to test that.

31:19

And we need to test that in a varying academic, rigorous way.

31:25

Because ultimately, everything that we're doing

31:28

is about meeting the needs of a user.

31:31

Whether the user is our agent customer, our broker customer,

31:35

our franchisee customer, or the buyer and seller customer,

31:38

it's all in service of that person.

31:40

So we need to be getting real time feedback

31:42

from whoever our customer is in that particular example

31:47

of that particular deliverable to continue

31:50

perfecting what it is that we're building.

31:53

And so if I had extra dollars coming down from the sky,

31:57

I would implement a full service user testing initiative

32:02

across all of my touch points and all of my customer experience

32:07

journeys and channels.

32:10

Your favorite campaign that you've run--

32:13

I will tell you my favorite campaign of all time

32:17

was Captain Morgan running for president in 2008.

32:25

And it was a really fun one.

32:28

And so we actually went out to the DNC,

32:31

the Democratic National Convention, and the RNC,

32:34

the Republican National Convention, with Captain Morgan.

32:38

And we got a petition signed to put him on the official ballot.

32:42

There was a ton of PR.

32:44

This was really at the beginning of social media,

32:46

so big MySpace.

32:48

So there was a lot of content coming up on MySpace.

32:51

And it became kind of a viral sensation.

32:54

Oh my god, it was great.

32:56

And that was, I think, one of the most fun and interesting

33:01

campaigns I have ever worked on and really also set the bar

33:07

for out-of-the-box thinking and tremendous creativity.

33:11

I love it.

33:12

That is so awesome.

33:14

That's cool that you were working on that.

33:16

That's fun.

33:18

Yeah, that was Diachio.

33:21

And it was, again, this goes back to being below the line.

33:26

You can't just run this sort of standard plays

33:29

like any CPG company would run or like McDonald's or Nike

33:34

or anybody else, because it's regulated in its wine and spirit.

33:36

So you, as a person who grew up in these highly regulated

33:41

industries, like I said, tobacco, wine and spirits,

33:43

first and foremost, the default setting

33:46

was what everyone else does doesn't work.

33:48

Nothing off the shelf is going to work here.

33:51

So you have to come into the conversation already

33:54

knowing that there is no playbook.

33:57

And we are building those trash.

34:00

And you have all of these challenges and obstacles

34:03

that are working against you, things

34:05

that you absolutely can't do, can't touch, can't even

34:07

contemplate.

34:08

And so with what you've got, what can you do?

34:12

And so that sprappiness has really

34:14

become like a foundational piece of who I am as a person

34:18

and also how I approach all of this work.

34:21

And that's why I've been in the business of transformation

34:25

work and coming into companies like anywhere

34:28

that are in the business of taking something, making it

34:31

better, or in other roles, taking things that don't exist

34:35

and building them or taking things that are on life support

34:38

and resuscitating them.

34:40

And it really all starts from that beginning experience

34:43

of being an outside of the box industry that

34:46

required flexible thinking.

34:49

You also built a sort of like an in-house creative agency.

34:53

Can you talk about that?

34:54

So when I came to anywhere, there's

34:57

already an in-house creative studio

35:00

that is part of the offering that we have for agents

35:06

and brokers.

35:06

And it's a way to give a value to our network of agents

35:12

and brokers, regardless of a brand who need marketing support

35:16

to market to their sphere of influence,

35:18

to get leads, all of those things.

35:20

And so what we've been doing in the studio in the past year

35:24

or so is evolving and transforming that to really become

35:28

a full service end-to-end digital marketing agency that

35:33

goes beyond creative and includes media buying and testing

35:39

and research.

35:40

And it's done in a way that is fully connected and digital

35:44

first, and that I can plug in in smart ways

35:49

to my own measurement and analytics system

35:51

so that as an additional added value,

35:54

eventually to agents and brokers,

35:56

we're not only able to give them best-in-class creative

36:00

and best-in-class marketing support,

36:02

but we're also able to give them analytical reports

36:06

and results on what this is doing for their business.

36:10

And at the end of the day, the business of residential real

36:13

estate, like many others, agents and brokers

36:15

are small business owners.

36:17

They want to know that where they're spending their money

36:19

is actually having an impact driving their business.

36:22

And so there's this unique opportunity for this agency,

36:26

this in-house agency that we're restructuring and rebuilding

36:30

to be that for agents and brokers

36:33

and provide that level of transparency

36:36

and I think marketing power that they need and that they want.

36:41

Yeah, that's really cool.

36:43

OK, get to our final segment here, The Dust Up.

36:45

This is where you talk about healthy tension,

36:48

but that's with your board or shell,

36:49

just into your competitor or anyone else in your career

36:51

that you've had a dust up with.

36:53

If you had a memorable dust up.

36:56

So I have.

36:59

And I've told this story, I think, once before in a public setting.

37:02

So I'll tell you here, Ian.

37:06

In my first role at Standard and Poor's,

37:09

where I mentioned earlier, I was an analyst,

37:11

I was pretty miserable.

37:12

It was just not the right life path for me.

37:16

And I knew it.

37:17

And I think everyone else knew it.

37:19

But it was also really the beginning of email

37:22

in a business setting.

37:24

And so I did not really understand how email worked really

37:30

fully and there was a lot of room for error.

37:33

And so on a particular day, I was especially frustrated.

37:38

And my very good friend also worked with me on the same team

37:45

at S&P. And I thought I was sending her an email,

37:49

saying something to the effect of like,

37:52

I wish my boss would disappear off the face of the earth

37:56

and go plane traffic.

37:57

It was something really horrible and bad and terrible coming

38:01

out of the mind of a 22 year old that had just graduated

38:05

college and was really miserable at the job.

38:09

And so I actually wasn't emailing my friend.

38:13

I emailed it to my supervisor.

38:17

And so imagine it was like out of Ferris Bueller's Day

38:20

off like local comedy.

38:22

I mean, the hysteria that ensued when I realized that.

38:25

And then my friend and I are thinking about how are we

38:29

going to like, unsend it?

38:30

How are we going to get onto her computer and delete it?

38:32

What are we going to do?

38:33

It was pretty chaotic for the next several hours.

38:37

To make a long story short, we couldn't do anything about it.

38:41

It was sent.

38:42

She did see it.

38:43

And the next morning, I came and prepared because I just

38:47

knew that something terrible was going to happen.

38:50

And so I had this quite unpleasant conversation with HR.

38:57

And it ended up being the beginning of my separation

39:01

from that role, which interestingly was a relief

39:08

and also a blessing in disguise.

39:10

Like that was the feeling that I felt because it gave me

39:13

the freedom and the permission to leave this role that everyone

39:19

said was a great opportunity for me

39:21

and go pursue something else, which ultimately landed in--

39:25

which ultimately landed me in the business that I'm in now,

39:28

which I love and absolutely enjoy for the next 20

39:34

something years after that incident.

39:36

And so gifts come in weird packages sometimes.

39:40

And that came very strange dust-up package.

39:45

But I take it as a learning lesson.

39:48

It's a thing I share a lot when I mentor.

39:51

And it's just sometimes the universe has a plan for you.

39:55

And here we are talking about this 20 something years later.

40:00

That is crazy.

40:03

Every time the door closes the window opens, as I say.

40:06

That's right.

40:09

That is awesome.

40:11

Well, it has been absolutely wonderful chatting with you

40:14

today.

40:16

And there's sort of thoughts on final thoughts

40:20

here on marketing, on pipeline, or your work at anywhere.

40:29

Yeah.

40:30

So I think that the industry is at a point of inflection.

40:37

And the role of marketing is being defined and redefined

40:42

every day all of the time across industries.

40:46

You can do a poll right now, look at 10 different job

40:51

descriptions for a CMO, and you'll

40:53

see 10 really different jobs, right?

40:56

Described on the sheet.

40:58

There's no real consensus of what this function does,

41:02

or what this function is supposed to do, or any business.

41:08

And I think that starts from the CEOs, and boards,

41:12

and even marketers not having an agreement

41:16

on a point of view there.

41:18

And so given all of that uncertainty,

41:22

redefinition, reimagination, et cetera,

41:26

that is happening in real time, we

41:29

have this unique opportunity to turn marketing into what

41:35

it properly should be, which is a high power growth

41:40

engine that drives business forward

41:45

and reacts and responds in really smart ways

41:50

to the landscape, the ecosystem, the customer,

41:54

and the culture in which we're operating as industry.

42:00

And so the closer that we can get to understanding and thinking

42:04

of ourselves first as business leaders,

42:08

and then as functional marketing experts,

42:11

the further along we will get to making that connection

42:15

and that integration happen at the highest levels

42:18

of our organization.

42:20

The biggest challenge that I still think that we have,

42:23

and that I still think we need to address,

42:26

is taking this moment to redefine this role,

42:31

and making sure that what we're doing and what we do every day

42:34

thereafter is truly aligned with our CEOs and our CFOs

42:40

and are all in service of the overall business agenda

42:44

and the ROI goals of our organization, period full stop.

42:50

I love it.

42:51

I can't believe our time here is though.

42:53

And I could go on and on.

42:57

Thanks again for joining us.

43:00

It's been awesome.

43:02

Esther, you're just a wonderful marketer.

43:05

And thank you to you.

43:06

Thank you to our friends.

43:07

Qualified, we're going to be websiteed

43:09

into a pipeline generation machine.

43:11

Go to Qualified.com.

43:13

Get to our visitors, book more meetings,

43:14

drive more pipeline right on your website.

43:17

Go to Qualified.com to learn more.

43:19

Do you have any final thoughts, anything to plug?

43:24

Anything to plug?

43:24

No.

43:25

Final thoughts, yes.

43:28

To all of my marketing colleagues and friends and folks

43:32

aspiring to come into this business,

43:34

this is the moment.

43:36

See that, understand the business, learn business language,

43:41

and get a seat at the table.

43:43

Because once we are there, the impact

43:45

that we can have on revenue and growth

43:48

will be known, will be felt, and it will be huge

43:51

for this industry and for our discipline.

43:54

Awesome.

43:56

Thanks so much, and take care.

43:57

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