The FeedCast

By: The Relay Network
  • Summary

  • A monthly podcast created by Relay Network that features cross-industry experts sharing their approach to driving meaningful and powerful customer engagement. Gain usable insights and strategies in under 30 minutes!
    © 2024 The Relay Network
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Episodes
  • Marketing to Mindset: Knowing Your Audience in a Multi-Generational Market
    Dec 6 2023
    Show Notes Welcome to another captivating episode of The FeedCast! In today's spotlight, we're delighted to introduce Eric Lent, a distinguished senior executive and former CMO of Prezzee, renowned for his exceptional contributions in brand-building, growth strategies, and team leadership across diverse sectors. With over three decades of experience, Eric's journey spans the CPG, hospitality, and technology industries, leaving an indelible mark on each. Notably, he's held prominent positions, including CMO at Prezi and IHG Hotels and Resorts, garnering numerous accolades including multiple Effie Awards. Best Practices to Create “Stickiness” in Digital Channels Across his rich experience, Eric's keen eye has spotted key best practices that consistently shine across various domains: the pursuit of personalization and relevance, the value of community, and the allure of gamification. Driving customer engagement hinges on great content, which, in turn, springs from a deep understanding of the customer journey. The most successful brands excel by identifying highlights and pain points within these journeys. The cornerstone of crafting meaningful content lies in data. But how to decipher mixed signals from the data points customers provide? As the world shifts from mass marketing to tailored experiences, owning first-party data becomes paramount, enabling targeted communication. In today's digital age, seeking feedback from others with brand experience is common practice. Creating an environment where past buyers share their reviews and experiences can greatly impact purchasing decisions. Eric asserts that facing negative reviews head-on is crucial. In a world where social platforms double as reviewing spaces, it's essential to steer conversations offline for personalized, one-on-one interactions. Building customer loyalty necessitates creating subtle nudges along the way. The goal is to make customers feel genuinely special. Loyalty isn't given – it's earned consistently over time. A brand's strength lies in the collective impact of every interaction with consumers. In Eric's hotel industry experience, value is initially provided to lure customers into the funnel, and this value is escalated to foster loyalty. Yet, true stickiness emerges when promises of personalization are upheld at every touchpoint. Execution, indeed, is key. Important Steps for Every Marketer to Take A successful marketer isn't just a strategist but a change agent within an organization. Combining IQ and EQ is vital for perfecting strategy execution. Marketing's journey to securing a seat at the table took time; to earn validation, marketers must collaborate seamlessly with their peers. Understanding customer pain points requires stepping into their shoes, occasionally hitting the road to meet and empathize directly with them. What Companies are Getting Things Right? Eric points to Delta as a gold standard in seamlessly merging digital and physical channels. This integration minimizes friction, creating a smooth customer experience. Companies like Amazon and Apple have mastered this too – they've streamlined purchasing processes while fostering community and personalization. These exemplify the principles discussed. The conversation also touches on the challenge of maintaining continuity when brands collaborate, where systems and people can falter. Eric underscores the importance of cross-functional alignment to prevent such breakdowns. Collaborative efforts across departments are key to avoiding finger-pointing scenarios. Marketing to Multiple Generations We're in a unique era with four distinct generations. Eric advises against generational marketing, favoring a mindset-based approach. By catering to needs rather than generational labels, marketing becomes more effective and inclusive. Conclusion Eric's journey began with an act of cutting school to meet his cousin, a seasoned account supervisor. His cousin's advice to become a student of business resonated deeply – understanding clients' businesses is the path to adding real value. It's the crux of this episode's themes. Authentic conversations fueled by comprehensive understanding leave lasting impressions on potential clients. Don't miss out on this value-packed episode of The FeedCast, where Eric's insights encapsulate a wealth of wisdom and experience, promising to elevate your understanding of marketing's nuances. Key Points [03:37] Best practices to create “stickiness” in a digital channel[17:43] Important steps for every marketer to take [21:53] What companies are getting things right? [28:40] Marketing to multiple generations
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    34 mins
  • Five Questions You Must Ask for Successful Customer Journey Mapping
    Nov 1 2023

    Understanding the Importance of Customer Advocacy
    In this episode of the Feedcast podcast, Tricia interviews Jim Tincher, CEO of Heart of the
    Customer, as they explore the journey from a product-focused mindset to prioritizing customer
    experience. Jim emphasizes the need for companies to advocate for customer needs and build
    products and services around them. By sharing real-life examples, he highlights the pitfalls of
    designing for oneself and the importance of understanding the customer journey.
    Overcoming Challenges and Maintaining a Customer Focus
    Jim and Tricia discuss the common challenges that companies face in maintaining a customer-
    focused mindset. They address the tendency to prioritize growth, cost management, and other
    business objectives over the customer experience. Emphasizing the need for executive buy-in,
    they stress the significance of incorporating customer experience into decision-making
    processes and aligning all departments to understand and meet customer needs.
    The Key Elements of Successful Customer Journey Mapping
    The conversation delves into the key elements of successful customer journey mapping. Jim
    outlines the five questions that organizations should address: identifying the right business
    problem, determining the appropriate journey and customer, selecting the right approach, and
    assembling a capable team. By focusing on these aspects, companies can gain valuable
    insights into their customers' experiences and identify areas for improvement.
    Companies Getting Customer Experience Right
    Jim highlights companies that are excelling in customer experience, going beyond the traditional
    examples. He shares inspiring stories of organizations such as Dow, Hagerty, and UKG, who
    have successfully prioritized customer-centric approaches and revolutionized their respective
    industries. These examples demonstrate the significance of measuring enjoyability and trust in
    B2B interactions and emphasize the importance of emotions in shaping customer experiences.
    Moving Beyond Traditional Metrics
    Tricia and Jim explore the limitations of traditional metrics, such as net promoter score (NPS), in
    truly understanding and improving customer experiences. They stress the need to listen to
    customers' actions and words, as well as to measure and address emotional factors. They also
    discuss the growing role of AI and chatbots in enhancing customer interactions and the
    importance of keeping the customer at the center of the experience.
    Closing Thoughts
    The episode concludes with Jim sharing insights from his book and the research he conducted.
    He underscores the need for organizations to connect customer experience to their financials

    and explains how successful companies create a customer-centric culture. By embracing
    change management and aligning all departments, businesses can ensure that the customer
    experience becomes part of their DNA.
    Overall, this episode provides valuable insights into the shift from product-focused thinking to
    prioritizing customer experience. It offers practical strategies for maintaining a customer focus,
    enhancing journey mapping efforts, and leveraging metrics that truly measure customer
    satisfaction and loyalty.
    Key Points
    [01:56] From product design to customer experience
    [06:22] Advocating for customer needs
    [11:46] Why do companies shift away from customers?
    [22:10] Where does the customer journey start?
    [27:29] What companies are doing it right?
    [30:06] Jim’s book and the research he found
    [34:15] Closing statements

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    40 mins
  • Personalization & Customization: Feed Technology Offers The Perfect Blend
    Oct 4 2023

    Welcome back to The Feedcast, where we continue our conversation with Wook Chung, Chief
    Product Officer at Farrow Bank. In this episode, Wook provides further insights into the world of
    feed technology, its impact on user engagement, and its potential applications in various
    industries.
    Wook emphasizes that feeds serve as the initial point of interaction with users. For instance,
    when you open a banking app, the content at the top of your feed can draw you in. This one-
    way engagement is a delicate balance, and its one of the reasons why the banking industry has
    been hesitant to adopt feed systems. Successful platforms like TikTok thrive on a dedicated
    feed-only approach, emphasizing the importance of sending the right content at the right
    frequency. Farrow Bank, committed to financial inclusion across income classes, aims to help
    paycheck-to-paycheck consumers by making economics work for them. Wook envisions the
    future of banking as potentially cashless, with brick-and-mortar banks gradually giving way to
    digital alternatives as the online-native generation becomes more comfortable with virtual
    spaces.
    Turning to healthcare, Wook notes the growing need for personalization in this field, even more
    than in banking. With advancements in AI, healthcare could offer more tailored
    recommendations. A feed system could provide personalized health tips and insights,
    enhancing the patient experience. As for the future of feed technology, Wook acknowledges
    uncertainty about the next big breakthrough but underscores its enduring presence.
    Organizations have a tremendous opportunity to leverage AI and other technologies for
    customer engagement through feed systems, enabling possibilities not feasible in traditional
    brick-and-mortar spaces.
    Join us in this episode of The Feedcast" as we explore the evolving landscape of feed
    technology and its potential to transform various industries, from banking to healthcare. Wook's
    insights offer a glimpse into the dynamic world of feeds, making this episode a must-listen for
    those interested in the future of technology and user experiences.
    Key Points
    [00:45] The balance of the right feed in the right cadence
    [08:45] How does Wook create a personal experience in a digital space?
    [12:26] The future of banking: brick and mortar vs. digital
    [15:22] What can the healthcare system learn from the Facebook’s of the world?
    [19:26] What’s the next big channel for consumer engagement?
    [21:54] Is feed tech here to stay?

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    27 mins

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