B2B Digital Marketing & Demand Generation: My boss has asked me to produce $1 billion in revenue. Now what? (episode #109)
- B2B Digital Marketing & Demand Generation: My boss has asked me to produce $1 billion in revenue. Now what? (episode #109) Matthew Bowman 1:06:16
When I started in B2B, my mentor told me, “We call this business to business, but make no mistake, people buy products, not businesses. It’s people who make decisions for these businesses.”
Here’s where the rubber meets the road. If you’re only focused on businesses as accounts, you’re overlooking opportunities.
For example, as our latest guest shared in his podcast guest application, “Track when your customer champions change jobs.”
To hear the story behind that lesson, along with many more lesson-filled stories, I spoke with Matthew Bowman, VP of Strategy, GTM, and Growth Marketing, ACT [https://www.acttoday.com/].
ACT is a 100% employee-owned company with 12,000 employees and 23 offices around the world.
In Bowman’s previous role, he oversaw a team of 32 direct and indirect reports and a budget of $3 million. He is currently in a startup role where he is scaling up the marketing teams.
While seemingly simple, Bowman says these lessons served as part of the foundation for his creating an international department that generated $1.6 billion in revenue over 11 years’ time:
- Message trumps channel
- Track when your customer champions change jobs
- Interview your customers
- Watch for unintended consequences of strategic initiatives
- Prioritize with the RACE (Return, Amplitude, Conviction, Energy) Method of decision making
- Generate buzz with guerrilla marketing
- Foster a positive and productive atmosphere to optimize team performance
Discussed in this episode
Build an artificial intelligence strategy that helps you produce more revenue in an AI Quick Win Intensive [https://intensives.meclabsai.com/] (from MarketingSherpa's parent organization).
Career Adaptability: Marketing can lead to many other things (podcast episode #103) [https://www.marketingsherpa.com/article/interview/career-adaptability]
Marketing Career: How to become an indispensable asset to your company (even in a bad economy) [https://marketingexperiments.com/value-proposition/marketing-career]
Marketing Strategy: 5 successful (and 1 failed) strategic approaches to everyday marketing challenges [https://www.marketingsherpa.com/article/case-study/marketing-strategy-5-successful-and-1-failed-strategic-approaches]
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