Monthly Archives: December 2016

A New Breed Of Chief Growth Officer Takes On B2B In The Age Of The Big Internet Platform

Chief Growth Officers Take B2B To The Mega Platform

Synopsis

Michael Zammuto Internet Executive

Michael Zammuto Is An Expert In B2B Sales & Marketing Growth For SaaS and Internet Companies

The rise of online “mega-platforms”, a small number of sites controlling huge amounts of the internet, is obsoleting traditional B2B Sales and Digital Marketing leadership roles to make way for a new Chief Growth Officer. CGOs drive huge sales growth by combining sales, marketing, operational, entrepreneurial and data expertise and they see traditional marketing and sales tactics not as integrated programs but parts of a whole they construct from the ground up in what we are calling Sales Architecture.

Growth In A World of Giants

Today, any scalable, successful sales and marketing program must start with your strategy for working with the mega platforms that control the internet. The main effect of this is that traditional B2B sales and marketing programs must give way for a single, enterprise Sales Architecture that aligns the entire experience from your target audience’s phone and laptop screen to the successful booking at the bottom of your sales pipeline.

SimilarWeb Listing of Top Sites.

SimilarWeb Listing of Top Sites.

Traffic is power and the power has shifted to the huge and mighty. Every gatekeeper, influencer, recommender and decision maker that you need to reach is on some combination of Twitter, Facebook, Amazon, Google, Yahoo, LinkedIn, eBay, Instagram or a handful of other sites but social marketing won’t let you reach or influence them.

The number of internet users continues to grow but that growth is dwarfed by the surge in the number of websites. In 1993 there were 108 thousand people on the internet for every website. Ten years later it was 19 people per site and today less than 4. So, your website is lost in an endless digital jungle.

Internet Users Per Website. Website growth has outpaced internet user growth

Internet Users Per Website. Website growth has outpaced internet user growth

The monsters are getting an ever-growing share of all that traffic too. In 2012, ChaCha built the largest PPC social traffic platform in the world on Twitter. We harnessed a deluge of data to align topics and keywords of large influencer tweets to keywords in articles to optimize advertising revenue per session. As a result, ChaCha.com shot up to become the 35th busiest website in the world in just a few months. Today, if a site had that same traffic it would nearly make the top 10 because the mega platforms are consuming more and more of the traffic.

At Brand.com we built a platform to connect over 100 major news sources to marketers and could (for a while) use content marketing and SEO to strongly influence search traffic. But Google decimated traditional SEO tactics so the ‘above the fold page 1’ spots are increasingly dominated by mega-platforms and sites with authority you cannot practically build. As planned, this helps shift traffic to Google’s paid search offerings meaning you pay for what used to be free. Increasingly, sites like Google are integrating information into their search results effectively hoarding traffic from sites in their own search results. Today content marketing is a powerful tool but without paid traffic sources you will rarely get volumes for large scale marketing programs.

This consolidation means the giants are squeezing everyone else. Publishers are getting killed by the downward trend in advertising rates while marketers are having to pay more and more for access to eyeballs. This means that traditional online marketing, especially so called ‘brand building’ is getting killed with out of control costs per leads (CPL) and campaigns that drive clicks for the behemoths but few sales for you.

 Sales Architecture: One Internet – One Pipeline – A Billion Cohorts

Clicks don’t equal sales. Clicks equal cost. Because the mega platforms were built themselves around network effect, at their core they are B2C engines. Every step in the process needs to be built around how these mega platforms can be tamed to profitably increases B2B sales. This means the correct message must reach each person in the sales process at the right stage. Online marketing and your inside and outside sales have to work together as a single unit. Small errors in one tactic can be harder to find but cost you dearly in missed growth. Guerrilla marketing and the company website or blog and niche sites such as those around verticals have their place but are decreasing elements of the sales architecture. For starters, no activity can be done without clear cohort analysis that connects every marketing and sales decision with the outcome and few organizations have true end-to-end management of their spend.

 Extinction Level Event: The Demise of Sales & Marketing

At great firms the traditional border between sales and marketing campaigns has collapsed. These companies are seeing massively scalable success by moving to a Chief Growth Officer who owns the company’s Sales Architecture and views every marketing and sales activity as part of a continuum. I always house sales and marketing together and measured and reward every step from beginning to end. Getting complete cohort analysis and testing of every critical decision and visibility and KPIs at every step is a massively difficult process that many traditional sales and marketing experts cannot tackle.

Traditional sales and marketing roles historically attracted very different types of people and they may approach the internet from their silo. Most have failed to keep up with the lighting-fast pace of change. Surprisingly few have any deep knowledge about the internet. Many talk a good game but probe and ask your sales manager the CPL for their leads. Ask them how to social proof during the proposal phase in a world where every company is Googled. Ask them to show you the cohort of close rates for outside sales on leads from content marketing vs. advertising. Or ask them how they connect the dots between the positioning value prop in social marketing with the final pitch. Too often you will find a disconnected process. Many sales people view online marketing purely in terms of market awareness and lead generation. As leads reach the bottom of their sales funnel the tactics and messaging increasingly looks like the same approach as 5 or 10 years ago. Chief Growth Officers, on the other hand, ensure that every step of the process supports the sales team converting the booking by ensuring cohesive prospect experience throughout.

Marketers are even worse off. Many corporate marketers feel totally disconnected from the sales process. So, they strongly naturally resist any integrated pipeline metrics. Few are taught direct response marketing and fewer still know how those responses support the later stages of the sales process. Too often, traditional marketing leaders want the same tall wall between their online efforts and close rate and want to be judged on engagement metrics that make direct marketers roll their eyes.

The Chief Growth Officer owns the Sales Architecture and is comfortable at the entire continuum of the marketing and sales process. They align the sales and marketing resources in new ways that allow them to leverage the mega platforms to drive massive growth. Armed with essential operational and technical skills, this new breed of growth leaders build organizations that use data like never before.

About The Author

Michael ZammutoView Michael Zammuto's profile on LinkedIn

  • Transformation Executive Who Repeatedly Accelerates Growth to
    Mike Zammuto and Philadelphia Mayor Michael Nutter meet and discuss the Philly Tech and Startup Community

    Michael Zammuto welcoming Philadelphia Mayor Michael Nutter at an event in Philadelphia

    >100%

  • Deep Expertise Selling and Marketing High Growth SaaS CRM, PoS, ERP & Revenue Lifecycle from $1k to $5M Price Points
  • Top Digital Marketing Expert Who Built The 35 Busiest Website, The World’s Largest Social PPC Network, Content Marketing Network of 100 News Organizations, Massive Global Email Marketing, Hugely Profitable Webinar Programs and Keyword Hyper-Optimized Display Advertising Programs
  • Inside & Outside Sales Program Expert Who Has Created Multiple-massively scaling programs tranforming their organizations into growth engines
  • Operator – Entrepreneur Hybrid Who Builds Optimized, Data-Addicted Sales Operations That Win
  • Case Studies at Stanford Business School & Microsoft Dynamics CRM
Michael Zammuto with former Pennsylvania Governor Ed Rendell

Here is Michael Zammuto meeting with former governor Ed Rendell. Governor Rendell is a big supporter of the Philadelphia tech and business communities. Mike Zammuto recruited Mr. Rendell to be an advisor to Brand.com

Sources

https://www.quantcast.com/top-sites Traffic at the mega-sites

http://www.internetlivestats.com/total-number-of-websites/ Users Per Website

 

 

 

Cloud Commerce Consulting Mission – Sharing Some Hard Fought Lessons In 90 Days

The most valuable lessons are the most hard fought ones. I learned a lot working for great startups and growth companies. I had the honor of joining some turn around teams and learned a lot and worked with amazing people. Being a startup exec is an amazing and energizing field but even the best need help sometimes and Cloud Commerce Consulting is here to help them with it. What works at one stage of a startup rarely continues to work at later ones. Taking a company from first revenue to $20M or $100M is no less challenging than launching the startup and takes all new approaches.

Our newest offering is a 90-day startup transformation package we will be announcing shortly. It builds on the incredible lessons I learned working with the amazing Dr. Behnam Tabrizi and his 90 Day Rapid Transformation process. Behnam helped with the massive transformation of Ontario Systems and I learned so much that can benefit others.

Very excited to get this one to market. Read More soon on CloudCommerceConsulting.com

-Mike