Transcript
Client Testimonial (0:00)
I was like this. I found it. I found it. This is what I've been looking for, I can honestly say has genuinely changed the way I run my business. It's changed the results that I'm seeing. It's changed my engagement with clients. It's changed my engagement with the team. I couldn't be happier, honestly. It's the best investment I ever made.
Marketing Representative (0:16)
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John Chance (1:02)
We've always said strategy before tactics. AI really is just another tactic, but it's one that affects really the whole system. And I think that's probably one of the greatest differences. A lot of the tools and technologies that have come along have given us more access to, to potential customers, have given them more access to us. I think we need to rethink or not rethink it, just revis and then intentionally think about each of those stages of know, like trust, Try, buy, repeat and refer in an AI driven world. Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Chance and I'm doing a solo show today. I want to talk about something that I've been talking about for about 20 years maybe, and that is the buyer's journey, the customer journey. So with each impending new platform or new technology, you hear all kinds of people talking about, oh, this changes everything. Marketers have to do this, marketers have to do that. Now, certainly the websites came along, social media came along, mobile came along. I mean, all these things created this seismic change. Well, AI is clearly in that category of creating change. But what I've always found interesting is most marketers talk about the changes in marketing. And I think the thing we sometimes forget to think about is, you know, the way that somebody buys or chooses to buy now has changed every bit as radically as anything to do with how we do marketing today. And so I think we have to consider that idea with every decision we make is not just how do I master this technology or how do I use this new tool, it's how is the buyer using this? You know, buyers, customers are using AI every bit as much as the marketers that are trying to market to them. So I've been talking about this idea of the customer journey and the buyer journey as being really a significant element that frames what we do as marketing. Really. Since I wrote duct tape Marketing back in 2005, I created something I called the marketing hourglass, which I think was a better representation of the customer journey in that the traditional customer journey that had stages of awareness and interest and desire and conversion and usually stop there was really incomplete. And that we didn't drive people in this linear path that, you know, with. Once websites came along, the linear path I think kind of went away because the buyer all of a sudden started having the ability to find information and to know everything about an organization before they ever reached out for a sales call. And so I think that's the day that the buyer journey really changed. And I created the marketing hourglass, our seven stages. You've probably heard me say them here before, know, like trust, try, buy, repeat, refer. And I was trying to do two things with that idea, is that we have to intentionally think about what the buyer is doing, what they want to do, the questions they have, the goals they have at each of those stages, and that we guide them. We can't necessarily move them in a linear path. In fact, I've used in many presentations a slide where I've got all these lines running all over the place that the buyer journey is not this straight line that it is people revisit. There's almost this continuous loop of going back in one stage and then backing up to another stage and that. That we have to just put ourselves there in the. In the path, I guess that they're going to eventually travel. But I also spent a lot of time in the hourglass. And the kind of the idea behind the shape of the hourglass is that post purchase, you know, once somebody becomes a customer, there's a whole lot that we can do to build momentum to retain those customers, to turn them into repeat customers, to turn them into advocates and referral sources. And I think that's where a lot of people leave a lot of money on the table, is by not even thinking about those. Well, that from 2005, say to 2020 has really been the thinking that I've had at least around this idea of the journey and something that we've brought to hundreds of businesses. I think we're in another change as well. I think the stages are fundamentally the same. Fundamentally true. But I think AI is rewriting that journey. Most buyers, B2B, B2C, I think, are today going to a chat GPT type of tool before they ever visit our website in a lot of cases. Or Maybe they're asking AI to summarize reviews, to compare features, even write RFPs, you know, based on, on what they want to see. And I think that what that means is that we have to rethink everything that's going on at every one of these stages. How find us, how they come to know about us is changing dramatically. What are we doing to make sure that we're showing up in the new ways that they're doing research? What are we doing to make sure that the brand mentions of our brand are allowing us to be favorably compared to competitors? That's one of the things, I think that, that a lot of these tools that make research so much easier, analysis so much easier for the buyer are really allowing people to do a lot more comparison shopping, I think, than they ever did. Because let's face it, it's, it's fairly easy. It's changing the way that I think, you know, buyers still need this content. But I think that the AI engines and the, you know, even the traditional search engines and the way they're using AI are really going to change how people consume and find that content. You know, recommendation engines now I think are going to become the norm. People are going to have or want to have. They've already demonstrated this, a frictionless, maybe self service type of buying experience. We're starting to see people buying very expensive B2B type of services without a salesperson involved. And I think again, we have to think in terms of does that mean we need to have price estimators? Does that mean we have to allow people to get put together their own packages, you know, all the way down to the point where they then just need, okay, what's the link to buy this or you know, how do I sign the contract?
