GoodRx’s Wild West Brand Marketing Bets Big On Audio - Episode Artwork
Business

GoodRx’s Wild West Brand Marketing Bets Big On Audio

In this episode of Marketing Trends, Ryan Sullivan, CMO of GoodRx, shares insights on the company's innovative audio marketing strategy and the importance of maintaining brand equity. He discusse...

GoodRx’s Wild West Brand Marketing Bets Big On Audio
GoodRx’s Wild West Brand Marketing Bets Big On Audio
Business • 0:00 / 0:00

Interactive Transcript

spk_0 I know it's like a cowgirl.
spk_0 That's what I'm talking about.
spk_0 I'm a fairy dog.
spk_0 That's all I know.
spk_0 So I'd love to hear what is this campaign.
spk_0 This guy over here, who we call Dusty Pee is the fairy dog.
spk_0 He's playing a guitar and he's singing stories of customers.
spk_0 I've seen a thing or two.
spk_0 But these prescription classes.
spk_0 Woo!
spk_0 To the top.
spk_0 We have a little fight.
spk_0 You see a lot of CMOs coming into a company
spk_0 and essentially doing a rebrand and throwing away
spk_0 all their brand equity.
spk_0 And we've been seeing it with a lot of pretty large companies lately.
spk_0 Jaguar was one where I think they took the Jaguar off of their name now.
spk_0 And I was like, oh no, I like the little Jaguar.
spk_0 So many people know our colors.
spk_0 So many people know our logo.
spk_0 We've put more than a billion dollars into this brand.
spk_0 GoodRx is leading US destination for consumers
spk_0 to save money and time on their medication.
spk_0 I don't want to do anything to damage that credibility.
spk_0 But what I do want to do is I want to add elements that make it stand out more
spk_0 and build more elements.
spk_0 So they see other things in addition to what we've already established.
spk_0 If I gave you a million dollars,
spk_0 what marketing campaign or strategy would you run?
spk_0 I would do more audio.
spk_0 We're overloaded from a sensory standpoint with visual stimulus.
spk_0 But with audio, you have one thing.
spk_0 The sound going out of a speaker into your ear.
spk_0 With agentic tools, what they can trust.
spk_0 Oftentimes they're in areas that brands don't control.
spk_0 Local news, local journalism, microjournalism, influencers,
spk_0 forums on the internet.
spk_0 And they all we've seen a lot of data on the power reddit.
spk_0 You can't just do everything from under your brand account
spk_0 and everything on your website.
spk_0 You need to have outside sources saying,
spk_0 hey, goodRx, this was actually helpful to me.
spk_0 When new technology comes around,
spk_0 you have to be mindful of where brand discovery might change.
spk_0 In five years becoming CMO.
spk_0 I'm sure a lot of people listening are like,
spk_0 oh, how do I become CMO in five years?
spk_0 What did it take to become CMO that quickly?
spk_0 Hello, everyone.
spk_0 Welcome back to another episode of Marketing Trends.
spk_0 This is your host, as always, Stephanie Postol's founder
spk_0 and CEO of Mission.org.
spk_0 Today, I'm really excited because we've got Ryan Sullivan joining the show.
spk_0 He's a CMO of goodRx.
spk_0 Ryan, welcome.
spk_0 Stephanie, thanks so much for having me.
spk_0 Delighted to be here.
spk_0 Yeah, I'm excited to have you.
spk_0 You know when I first met you,
spk_0 I was like, man, he thinks very differently
spk_0 than a lot of other CMOs that I've had on.
spk_0 A lot more quantitative, just very differently,
spk_0 and which we're going to get into all of that in the interview.
spk_0 But first, I do want to hear about your background.
spk_0 In five years becoming CMO.
spk_0 I'm sure a lot of people listening are like,
spk_0 how do I become CMO in five years?
spk_0 What did that look like?
spk_0 How did you make sure that the team knew of you?
spk_0 And they were very aware of what you were doing?
spk_0 And what did it take to become CMO that quickly?
spk_0 Yeah, it doesn't always seem that quick when you're in the day to day.
spk_0 So I have to say, I appreciate a lot of the opportunity I've been given
spk_0 when I joined the company.
spk_0 Life happens kind of like you're making plans in some sense.
spk_0 So I'd never entered the role thinking or with an objective to be the CMO in five years.
spk_0 I have had goals in my life, throughout my professional career,
spk_0 to reach certain milestones.
spk_0 And it was something that I'd considered pursuing,
spk_0 assuming it was in a place where I really felt that the organization
spk_0 would be receptive to my way of doing business.
spk_0 I think that's something that's often overlooked for people professionally.
spk_0 It's not just find an opportunity, any opportunity,
spk_0 and continue to be gun for the top.
spk_0 You have to really find a place that there's an alignment,
spk_0 there's a natural rhythm between the way you view the craft and the work.
spk_0 With the organization needs in skills, not everybody's skills are compatible with every organization.
spk_0 So I was fortunate and lucky in that regard that I landed in a place where
spk_0 in that time that I was there, I started in a classic growth marketing role,
spk_0 which was pretty straightforward.
spk_0 Considering my background was in performance marketing,
spk_0 the company had just IPO.
spk_0 They wanted someone to come in and really look at a lot of the marketing they'd done
spk_0 over about a decade or about a decade.
spk_0 And uplevel some of the approaches on measurement,
spk_0 especially on the digital advertising side, and then fine tune some of the broader channel mix,
spk_0 and get into some other areas the business wasn't pursuing.
spk_0 And so that all worked really well.
spk_0 And from there, I was able to build some new capabilities in teams.
spk_0 And my areas that I oversaw just naturally increased from there,
spk_0 culminating with the opportunity to step into the leadership role for the team at large.
spk_0 It feels like that would be a big shift from you coming in.
spk_0 And then you've got this quantitative computer science background,
spk_0 growth marketer who probably thinks very differently, which we will talk about like how it shifted.
spk_0 But what did it take to get that team on board and kind of following you into this new way of
spk_0 thinking about marketing?
spk_0 The through line I think in my career is that I spend a lot of time working on understanding
spk_0 the business and good or excess complicated one. It's not, you know, we're not selling a
spk_0 conventional consumer product on the internet.
spk_0 I've done a lot of things in retail.
spk_0 I'd worked in financial services. I worked in telco.
spk_0 And I've had a pretty wide array of different businesses I'd seen.
spk_0 But this type of business in health here is very unique.
spk_0 And so, you know, I invested a lot of time up front to really understand the business.
spk_0 And I do think that helped me a lot in translating some of the aspirations of the organization
spk_0 into the field and the work.
spk_0 And the results came along with that.
spk_0 And when you have results on your side and you work to make sure that you're
spk_0 lining with the business objectives, it does help build trust.
spk_0 And trust is something that I continually reinforce with my team.
spk_0 Is it really important currency inside any organization?
spk_0 So I think establishing trust early on by understanding the business and investing time in that
spk_0 pursuit was good.
spk_0 And it's something I've always done, especially on the client side working with so many businesses
spk_0 during that time.
spk_0 I would add that I did spend and I know we'll get into this more quite a bit of time on our
spk_0 measurements and how we viewed or established a common yardstick for judging marketing efficacy.
spk_0 That was not something that was well established when I came in.
spk_0 There was of course many tools in use, but depending on who you asked and who the different
spk_0 channels that were being executed against, the approach was different.
spk_0 And it made it a little more challenging to have a focus conversation around how much money
spk_0 should we spend, where should we spend those dollars, what do we think we're getting for it?
spk_0 And of course, I'm sure we'll get to this too.
spk_0 You can take that too far.
spk_0 And so I was always trying to make sure to strike a balance of not becoming a super
spk_0 quant that tried to take a remarketing with a bunch of numbers right out of a date.
spk_0 So yeah, those things I think helped me get some footing and earned the opportunity to expand my
spk_0 remit over time.
spk_0 Yeah, we are going to have a whole piece of the measurement piece because I do think it's very
spk_0 fascinating how you think about it.
spk_0 But first, I think it would be good if you could talk about what is good Rx for anyone who doesn't
spk_0 know, like, what do you all do?
spk_0 What is this company?
spk_0 Yeah, so good Rx is the leading US destination for consumers to save money and time on their
spk_0 medication.
spk_0 It was founded in 2011 under this kind of novel idea that you can save money if you often pay
spk_0 directly at the pharmacy instead of using your insurance, which of course is very useful to people
spk_0 that didn't have insurance or between jobs or on some sort of other plan with like a high
spk_0 deductible.
spk_0 But it also over time, just given the rising cost of prescription medication in the United
spk_0 States is commonly used by people with insurance.
spk_0 In fact, 90% of our customers do have insurance and we have a pretty good cross section of the
spk_0 US that use our service.
spk_0 So if you think about like an OTA, like a kayak or Expedia or something like that,
spk_0 different mechanisms where the prices come from, but a consumer can go on our website or
spk_0 download our app.
spk_0 They can put in the name of a prescription they're taking like a Torbist app and they can see the
spk_0 price of that medication at different pharmacies in their area.
spk_0 And often if they present our, we call it coupon to the pharmacist when they're going to
spk_0 pick up their prescription, they'll save money on that over time.
spk_0 Gunner X has had about 85 million customers and we've saved people over 85 billion and last
spk_0 year we've had about 30 million consumers use the platform.
spk_0 So it's quite large and a lot of people know about it and then it's a great tool for anybody
spk_0 who wants to save.
spk_0 Amazing.
spk_0 Okay.
spk_0 So for Gunner X, I mean, they were a company that was known for direct marketing correct.
spk_0 Like when they started, that was their strategy.
spk_0 And then now it's shifted.
spk_0 What kind of, what kind of strategy when it comes to marketing would you say the company is
spk_0 operating under or is focused on?
spk_0 When I came to Gunner X, I would say that there was a lot of principles of direct marketing and the
spk_0 way they built custom measurement tools for every channel that really kind of tried to
spk_0 identify really signs of signal.
spk_0 You know, are we getting a response from an ad we're buying and then looking at LTV to
spk_0 CAC as a standard across all the channels and then even starting to get into kind of what the
spk_0 marginal returns would look like based on the current investment levels.
spk_0 Of course, every dollar you spend incrementally in a channel doesn't have the same return profile
spk_0 as you saturate a channel.
spk_0 Things tend to get less efficient, not more.
spk_0 They did have a very deep focus on that kind of thing.
spk_0 I wouldn't say they were 100% DR.
spk_0 It was delighted to work with somebody who was a chief brand officer at the time.
spk_0 So the company recognized that building a brand around what they'd done and really formalizing
spk_0 the reputation the company had built in the space was important for the business.
spk_0 So it wasn't a total quantitative DR exercise, but I would say more in that direction.
spk_0 I'd say today the strategy is more balanced in the sense that we still apply a lot of the
spk_0 principles of understanding fundamental returns and channels, but we're not solely guided by one
spk_0 standard set of metrics per channel.
spk_0 We've adopted a measurement framework that's more holistic and looks at both the short term
spk_0 effects as well as the lag and effects of marketing.
spk_0 We've integrated, I'd say, more marketing, conventional marketing research theory and historical
spk_0 things that have proven to be efficient over time into our practice.
spk_0 So we don't just focus only on what's the ROI of paid search and an LTV CAC formula versus
spk_0 that of streaming video.
spk_0 We are a little bit more balanced than we take a longer term look over the return of the
spk_0 investment as well.
spk_0 And we've leveled up the precision of that too.
spk_0 Also, the type of campaigning and advertising we're doing itself is less instructional.
spk_0 Really on in the company's history, we really had to because it's so unique.
spk_0 We had to introduce, you know, what is good our ex?
spk_0 How does this work?
spk_0 You can compare our price of prescriptions across at different pharmacies and that's not
spk_0 something that, you know, is household knowledge.
spk_0 It wasn't something common.
spk_0 So over time, we've been able to kind of build out a broader creative platform.
spk_0 I actually just launched some new creative very recently or in early September.
spk_0 That in itself was a big step in a new direction for the company overall.
spk_0 So I'd say we've evolved from being schooled in where you probably ought to be early in a
spk_0 start-up journey, being very mindful of your money in, money out equation.
spk_0 And then we've taken a longer term view, a more holistic view of the funnel,
spk_0 and more robust and broad creative messaging and adopting more classic brand building techniques.
spk_0 It's a complement of the data-driven ones.
spk_0 Yeah, amazing.
spk_0 So yeah, let's dive into the brand building piece because I think that's very fascinating
spk_0 for the campaign that you were just mentioning.
spk_0 Is that the Savings Wrangler campaign?
spk_0 That is the Savings Wrangler, yes.
spk_0 Okay, so I want to talk about that one because one, you did it.
spk_0 A lot of it was in-house, right?
spk_0 Like it wasn't some big agency that had the vision.
spk_0 Was it a lot of your in-house marketing team?
spk_0 And of course, with some partners.
spk_0 But is that how you guys created this campaign?
spk_0 That's correct.
spk_0 Yeah, we in-house means to be a lot of different things to different teams,
spk_0 depending on the size of your enterprise, how long you've been doing marketing.
spk_0 But in our case, in-house meant that the beating harder the campaign,
spk_0 the skeletal structure, the brand strategy, the briefing, the project management,
spk_0 the partners we selected, some of the production work, even a lot of the extra things we've
spk_0 built around the world.
spk_0 We developed in the Savings Wrangler, came internally, and then we handpicked
spk_0 partners in the space that we wanted to work with to bring the best to bear for those
spk_0 individual elements.
spk_0 You know, the idea, the creative inspiration of the Savings Wrangler was
spk_0 from a company that we work with called Ad Like Objects.
spk_0 They were fantastic.
spk_0 And they went through the process of briefing.
spk_0 We had many ideas, I think more than 20 or even more.
spk_0 And I only, I've seen 20, so I assume there were many more.
spk_0 Before they got to me, but from that, we went out things down to pick the one that we really
spk_0 liked, and then we walked hand in hand with them throughout the entire process to bring it to
spk_0 fruition. So that was in-house-ing in our case.
spk_0 And I'm very proud of the team, our internal team.
spk_0 I knew we had the medal to do it.
spk_0 I felt very strongly that a business like ours needed to be in that leadership role versus
spk_0 having a classic AOR responsibility, a relationship where we outsource a lot of the end-to-end components
spk_0 of that type of campaigning to another partner or company and agency.
spk_0 I'm glad we did.
spk_0 It's turned out fantastic.
spk_0 We've gotten a great reception from it so far.
spk_0 If you could describe the campaign for anyone who hasn't seen it yet,
spk_0 I haven't seen it visually.
spk_0 Just say, I've only read about it.
spk_0 I know it's like a cowgirl and a prairie dog, and that's all I know.
spk_0 So I'd love to hear what is this campaign.
spk_0 It's this guy over here who we call Dusty Pee as the prairie dog.
spk_0 Yeah.
spk_0 I see.
spk_0 Okay.
spk_0 There's a, we can get into two a lot of the nuance of the campaign and some of the decisions
spk_0 we made.
spk_0 But if you think about the process of getting a prescription in the United States,
spk_0 it's not something that you kind of look forward to.
spk_0 Most people, I'd say, wouldn't it's fraught with a lot of confusion.
spk_0 Sometimes things are covered.
spk_0 Sometimes they're not.
spk_0 The price seems sometimes a random.
spk_0 You know, the drug that was covered three months ago for a kid's inhaler is now $250.
spk_0 You don't understand exactly what happened.
spk_0 And those extremes of highs and lows in healthcare, the uncertainty of health or
spk_0 unpredictability, plus just the in affordability of a lot of medications,
spk_0 leave about a billion prescriptions of the counter every year, which is a crazy number.
spk_0 Literally prescriptions that don't get taken home and someone should be using a doctor
spk_0 prescribed them, of course.
spk_0 And so in that, we've talked to consumers in focus groups.
spk_0 We hear it and just in conferences I've gone to are people I talked to in the channel,
spk_0 doctors would describe this landscape as kind of the wild last.
spk_0 It's unpredictable.
spk_0 You don't know it's around the corner.
spk_0 And there's all sorts of interesting characters as well in this landscape.
spk_0 And so we adopted that ecosystem for the campaign.
spk_0 We felt it was a really nice backdrop and world to kind of convey this idea that it is the
spk_0 wild west out there.
spk_0 You need help to navigate it.
spk_0 And that is where we kind of insert ourselves as a brand.
spk_0 The savings regular herself we think of as a fearless ally.
spk_0 That's something that came from brand strategy work we did at the end of last year.
spk_0 That's kind of our persona or archetype as a brand is a fearless ally.
spk_0 And so we really wanted to bring that distinct element of our brand to life to put her in that setting
spk_0 to really advocate on behalf of consumers that are trying to navigate this uncertain land.
spk_0 And we also wanted to make this engaging.
spk_0 The brand evolution of good Rx like I kind of talked about this a little earlier.
spk_0 But we started from a place where we really needed to explain in a very instructive way what
spk_0 is good Rx we showed maps with price points and that they they changed depending on where you
spk_0 go to the pharmacy that not all prices are the same.
spk_0 New ideas to consumers.
spk_0 The next evolution of advertising was very much about trust.
spk_0 We'd heard feedback that this sounds too good to be true or how is it possible that a company
spk_0 can take a drug that costs $300 and drop it to $60? What's the catch?
spk_0 You know those types of things.
spk_0 And so we wanted to show the real people use these real doctors talk about it and we used a lot
spk_0 of consumer voices.
spk_0 And so this next era of advertising was really meant to open up our aperture as a brand.
spk_0 And find new ways of adding to our distinctive brand elements to be even more resonant and memorable.
spk_0 And so using mascots like the Wrangler herself or her trusty sidekick Dusty Pete really
spk_0 allowed to break through our opinion and the noise and healthcare advertising a lot of the
spk_0 monotony and healthcare advertising to stand out and to stick unique way.
spk_0 So there's a lot of intentional decision making there that's built on a strong heritage of a
spk_0 brand and adding to it over time.
spk_0 And this is the latest chapter of that.
spk_0 So fun. So how, I mean you said you think it's going well so far.
spk_0 It is going well so far.
spk_0 What are you looking at to gauge the success of this campaign?
spk_0 We are looking at a lot of different things to gauge the success of the campaign.
spk_0 And in fact, I would give this advice to anyone who is launching new creative or kind of thinking
spk_0 about the platform or their brand and having a big moment for their team, the broader company.
spk_0 And of course the leadership team or investors that are being kind of curious about what's on
spk_0 the other end of this work, we set up expectations over kind of a short to long-term time horizon.
spk_0 I've said this to the company in our all hands and we launched this work that we're not going
spk_0 to judge this success of this work in days and weeks. We're going to do it in months and years.
spk_0 It's a big commitment for us. It's something that our last creative platform exercise we
spk_0 done about three years ago. So we got a lot of value out of that. And so this will be with us for
spk_0 some time. And so in that architecture, we're looking at the short term at things like,
spk_0 what's just the creative response rate? What's the engagement look like? Are we seeing
spk_0 traffic throughput that we'd expect with that? That's not necessarily to judge like,
spk_0 is the Wrangler campaign as a whole good or bad? It's really just to say, is the creative treatment
spk_0 on the unit the way we brought that to life for that particular channel resonating or working versus
spk_0 some of our benchmarks? And those are useful short term metrics. We developed measurement and we
spk_0 can get into this about in specific areas like channels like video. We look at just response rates.
spk_0 When we era commercial, do we see spikes in traffic on the website in our app? Those are good
spk_0 short term signals. They don't, you know, I wouldn't say those alone judge the efficacy of
spk_0 something. But again, those are short term signals that let us know when we've run similar
spk_0 commercials in the past for the same program, same time a year, what kind of response rates?
spk_0 Are we getting? So we have some comparables. In the midterm, we're looking at things like sales,
spk_0 you know, short term sales pull through or midterm sales pull through in a quarter. Are we seeing
spk_0 the models we've established econometrically? Are we seeing performance that we'd expect to see
spk_0 with this new creative and market? Or is there divergence? And then over the long run,
spk_0 we'll look at just macro sales lift awareness, aided and unated, and some of the other things that
spk_0 come with just studying a brand more qualitatively in the long run. So we're really a cornucopia of
spk_0 numbers and no one on its own is will be used to make a macro decision on whether this is working
spk_0 for, you know, how well this is working for us. It will be different measurements at different
spk_0 times in place to really help us calibrate a campaign that we're deeply committed to. Yeah,
spk_0 that's very fascinating. Think about putting metrics into different buckets of time horizon.
spk_0 I'm assuming like some of them, it's like, yes, we'll track this and we're not going to use it to
spk_0 make any decisions. Like we're not going to change anything. This is just foamward tracking over
spk_0 the next couple of years versus these. If we see these not going well, we might want to look into
spk_0 a different channel or a different way of doing things. Which ones are for the longer term horizon,
spk_0 because I don't hear as many marketers focused on that. It's much more focused on what can we do in
spk_0 90 days? What can I see in 30 days? I hear this from some clients where they're like, what can I
spk_0 see in 30 days? And I'm like, whoa, that's very rapid to try and see something in 30 days.
spk_0 Yeah. So what are these metrics that you're looking at for like three years that you're keeping tabs on?
spk_0 It's surprising. This may not promise us not a cop out answer. I do think many of the
spk_0 many of the metrics have both short and long term horizon. Some you can't reliably say,
spk_0 did awareness grow? Aided and unawareness. You're not going to know that within 30 days. You might
spk_0 be able to take a survey or get something quickly as a pulse. You might be able to focus on a specific
spk_0 group of people in a test scenario, but I wouldn't read too much into that. The noise on that,
spk_0 the error bars and those methodologies are going to be quite large. And so there's really not a
spk_0 lot to infer there. Conversely, I wouldn't necessarily look at the engagement rate of a Facebook ad
spk_0 three years out from the launch data to campaign and say, so there's some sense of, I would say
spk_0 there's some sensible time boxing there. But I do think sales lift is something that you can look at
spk_0 in mid to long term. And you should look at those things. Are you seeing the expected return
spk_0 and growth? Ultimately, the goal of the reason we're doing this is because we want the business
spk_0 to grow. We want more customers to come in. We want more new people. We want folks that haven't used
spk_0 us in a while to reactivate and not forget to use us with a new prescription or bring other people
spk_0 from the household into the mix. And so those are all things that we can see in acceleration of
spk_0 those performance in those areas over time. Classically, the things that we'd want to study in a
spk_0 six months, three, six months, probably more like six months out plus is aided and unated awareness.
spk_0 And then other things we do qualitatively within specific audience groups. We do a lot of work
spk_0 to bring in partners on the B2B side. An essential part of our business is to work with
spk_0 pharmacies in the United States and pharmaceutical manufacturers to help establish novel pricing
spk_0 for different pharmaceuticals, different medications that would you pick up at a pharmacy? We love
spk_0 when we hear anecdotal feedback in the field. Someone's saying, oh, I saw your commercial or they
spk_0 come up to us at a booth and they talk about the savings reg that they want, one of these dusty
spk_0 peep plushies. Those are all really important signals that sometimes get lost in the sea of
spk_0 staring at numbers every day. So the fields on a campaign matter over time as well. Yeah, so I think
spk_0 if I recap that in the summary, it's really you can use a number of metrics, short medium and long
spk_0 term. I don't think there's ones that are literally only useful in the long term, which is summer
spk_0 more reliable, I'd say in the long run and summer more reliable in the short run. It's a
spk_0 continuum, not a discrete kind of bidding of numbers. Are there any metrics that either you used
spk_0 to rely on that you've just thrown out or that you see a lot of marketers relying on that you're
spk_0 like, that's not even a good number to look at anymore. I mean, I have to probably say last touch,
spk_0 attribution, last touch sales. But the reality is that's a good metric for some things too.
spk_0 It's hard because metrics are like a double-edged sword. There's a sharp one in facing in one
spk_0 direction that's really useful and powerful when it's when it's being used in that vector.
spk_0 And then, but it has another side too. And you got to be really careful. It's similar,
spk_0 same adage about your strengths, your greatest strengths are also the rooting of your
spk_0 some of your biggest weaknesses. So last touch sales, I would say probably because it's at the
spk_0 root of billions and billions of dollars of wasted money, since we've been released.
spk_0 We've really kind of been driven by a digital evolution of advertising in the last two to three
spk_0 decades. I'd say it's probably most, it's at the root of most challenges I've seen working with
spk_0 clients or even within a company like GoodRx is really a overreliance on the immediate response
spk_0 of the happy path of a customer seeing, you know, searching something on Google and clicking on
spk_0 the ad and going to the website and, you know, transacting or getting something doing,
spk_0 taking the next step during the journey and we say, well, that's all the results are. I think
spk_0 that's a classic challenge. Another one that frustrates me, it's more often that I find it helpful.
spk_0 It's just traffic to a website or an app for a myriad of reasons. The benchmarking data and the
spk_0 historical data on traffic, I've never encountered an organization either internally or externally,
spk_0 where I'm confident that the traffic data from the start of the website being created to or the app
spk_0 to the current present day has been consistent and used the same methodology. We find out you double
spk_0 counted something or there's been some sort of unique definition you put on traffic. You know,
spk_0 we only count visitors that haven't been on the website in the last 30 days and then someone
spk_0 changes their mind three years later and it's someone who hasn't been on the website at 45 days and
spk_0 you lose that context and so the signal quality of traffic as a metric becomes very unreliable and
spk_0 it's easy to over steer and try to goose that number in the short term when you might be
spk_0 comping bad data or you might not be thinking about how to use traffic in a more realistic and
spk_0 I think stable way for the long term. So I think that's another one that is tricky to use effectively.
spk_0 So when thinking about traffic, I mean, I'm sure you've seen all the posts around marketing and
spk_0 you know, search traffic coming from LLMs and AI overviews and all that. How do you think about
spk_0 letting those metrics influence marketing strategy right now? Do you actually think it's a big deal
spk_0 of these LLMs coming in and sending traffic in a new way or is it not a big enough deal yet?
spk_0 Should you not even look at those numbers? What do you think? You should look at those numbers.
spk_0 Anyone who wants to kind of stay up to date on what's happening in the way consumers are engaging
spk_0 with technology and the way they discover brands, businesses, how they transact, all those things
spk_0 are very important. They, at a minimum, create a set of questions or theories, hypotheses that
spk_0 probably warrant serious discussion about the integrity of the business in the long run if these
spk_0 things grow past a certain point. I think some of the fundamental analysis and systems thinking
spk_0 is important whenever you see big, small, medium things on the horizon that could disrupt the way
spk_0 consumers engage with businesses. And I think with LLMs, you know, the classic search first way of
spk_0 thinking of we're going to build this website, we're going to, or this app, we're going to work to
spk_0 and make sure our site is thoroughly indexed so people can discover it when they're searching for
spk_0 relevant topics. And then we're going to capture that traffic or we're going to pay for that traffic
spk_0 and in an auction versus their competition and we're going to rely on that kind of fountain
spk_0 head or that fire hose of traffic and then we're going to convert it is, I think it's always kind
spk_0 of been at risk. It's not like that search itself has not changed in the last certainly my career,
spk_0 almost 20 years, it's changed tremendously from 10 blue links to knowledge draft to a lot of other
spk_0 kind of quick answers and other formats that have led us down this path of what the industry would
spk_0 refer to as zero click searches. And so that's not a new thing. I think, agentic tools or an acceleration
spk_0 of that phenomenon. So I would look at those things and where you're seeing traffic decline,
spk_0 you'd have to also decode why? Like what is the impact of that ultimately? Just because someone
spk_0 doesn't go to your website that day doesn't mean the effect of being prominently featured in
spk_0 an AI overview or in a result for chat GPT or cloud or perplexity something like that is not
spk_0 useful to your brand. Again, it goes back to the idea of traffic than the misnomers of traffic that's
spk_0 somehow when I see an ad if I don't immediately, if someone doesn't immediately go to my site and
spk_0 try to buy something that it was ineffective. That's just not how people work. You know, of course,
spk_0 you can pull sales forward and you can do things to kind of swoop in and get somebody who's in the
spk_0 slipstream looking for a prop quickly, but brand discovery is a longer term process. The reason
spk_0 someone is in market for a product is largely, we can't, we don't always know why and this could be
spk_0 random. It could be for something totally out of our control. In fact, probably largely out of our
spk_0 control. AI technology is just another place where you got to lean into the things that are important
spk_0 for your business. You can stay be a brand that's discoverable in these new tools, but I wouldn't
spk_0 overemphasize short-term traffic implications for many brands. Just out of the gate, I think that
spk_0 could be, that could lead you down certain paths where you're oversteering or doing things that
spk_0 may provide short-term bandages, but not address the fundamental shift that's in the undercurrent
spk_0 of the evolution there. Have you all done anything different when it comes to thinking about
spk_0 discoverability? I mean, because I think especially for a brand like yours, like you said, it's just
spk_0 because I'm searching in and I don't click through right away. It doesn't mean I'm not possibly a
spk_0 customer. Like this, you have a brand that probably just needs to stay in my mind for a while,
spk_0 so when I actually need it, I'm like, oh, I think I know of this company that might help in this
spk_0 situation. Like that's probably how most customers find a lot of things. It's just remembering it.
spk_0 So like, how are you thinking about this discoverability piece going forward?
spk_0 Well, on that point, if I may add, that's a really important point you're making there that
spk_0 is missed in a lot of the newer marketing playbook. I think we trained a generation of marketers
spk_0 that marketing is open up your laptop, look at a dashboard of 100 metrics, and make decisions
spk_0 four times a day to change everything. That's like a high-frequency trading exercise. Sure,
spk_0 there's people on teams that do that, and they're really good at it, and we want those people to
spk_0 be engaged in those elements of marketing to make sure that we're taking advantage of short cycle
spk_0 opportunity, but that's not marketing. That's not capital and marketing. That's not brand building.
spk_0 That's not creating a growth engine that's going to stay on the test of time. And so for good
spk_0 Rx, it's true that customers in our case are not many are not in market for our solution. The first
spk_0 time they encounter good Rx. Prescriptions are unpredictable. We don't necessarily even know when
spk_0 someone's going to have a new diagnosis, or they might be between refills, or maybe their
spk_0 insurance status changed, or their benefit with their plan design changed. A lot of those things
spk_0 are outside. Anyone's control except the businesses that are a play to create pricing at the
spk_0 pharmacy. And so the best thing we can do is to consistently wear in a message that good Rx can
spk_0 save you time and money on prescriptions, and say that a lot to quite a broad range of people,
spk_0 because again, we don't know who might need our services at any point in time, and establish trust,
spk_0 credibility, and some sort of intention to use good Rx or take it seriously when you have a
spk_0 prescription moment. And so we put a lot of attention on that. The second part of that is we do a
spk_0 lot of marketing pretty much from the doctor's office all the way to the pharmacy counter and in
spk_0 between digital and not to make it really easy to use good Rx when you have a prescription that you
spk_0 need. And so the effect of that like longer term brand building and wearing an idea complemented by
spk_0 the pursuit of making sure we're easy to discover and use it around prescription moments is kind
spk_0 of the one to punch that makes our marketing effective at the end of the day. You're not only marketing
spk_0 to your future customer, but then you're also making sure that these pharmacies get it right. How
spk_0 much is your strategy focused on B to C versus B to B? Because my thought was like if you get all
spk_0 the pharmacies on board, can't they just drive your entire business if they're just recommending this
spk_0 and showing people like, hey, you can either get this for cheaper or this. Like isn't there some
spk_0 kind of way that they could just do the marketing for you? That's true. Really on in the company's
spk_0 history, there were some things done to make sure health care professionals knew about it. Health
spk_0 care professionals are HCPs as we call them as our kind of Mac or umbrella for pharmacists, doctors,
spk_0 PAs, nurses, really anyone in a health care setting. And there are strongest advocates for short.
spk_0 Word of mouth is one of the top ways people discover the good Rx brand and we've cultivated that
spk_0 first by having a great product that works as high efficacy saves people time and money,
spk_0 doctors love good Rx because if they can see that there's a great price point available in good
spk_0 Rx and they can just send someone to the pharmacy to say, look, don't bother with your insurance.
spk_0 It's a lot of paperwork. We need prior offs or step therapy. I'm going to be on the phone with
spk_0 your pharmacist for four hours and your insurance company arguing about what this is covered or not.
spk_0 You can actually get it for less money than just if you just pay cash. When you have a product
spk_0 like that, it really it delights a lot of the channel stakeholders. And so yes, we have great
spk_0 advocacy and word of mouth from doctors and doctors offices. That's a really advocate and build
spk_0 credibility. And then we do invest time and energy and building relationships with those groups.
spk_0 You know, we go to those conferences. We do a lot of channel and field marketing for doctors
spk_0 and doctors offices. We've had people at different times wearing good Rx apparel and going in
spk_0 and offering to put up cards or help train doctors office staff that might have questions about
spk_0 how the product works. And so we put a lot of attention and time on that because they are such an
spk_0 important advocate for us. So we've talked a lot about brand building. And I know you and I had a
spk_0 side discussion about big brands essentially doing a rebrand and throwing away all their brand
spk_0 equity. We've been seeing it with a lot of pretty large companies lately. And I'd love to hear
spk_0 your perspective because you do see a lot of CMOs coming into a company, especially a legacy
spk_0 company. And their first thought is get rid of this out with the old time to bring in something new.
spk_0 And so I'd love to hear about how you thought about this coming into good Rx or just in general
spk_0 when it comes to rebranding or not rebranding a company. I have a very strong opinion on this,
spk_0 but I'm sure there's exceptions and there's reasons why if I was in someone else's shoes, I might
spk_0 do something different. So I want to be sympathetic to the different leaders out there and their
spk_0 particular playbooks. In my opinion, I'm a steward of the good Rx brand. I didn't create the brand.
spk_0 I am here to help maintain or ideally accelerate its inertia and momentum as a business.
spk_0 And I think I put a pretty big dent in it in a positive way since I've been here and planned to
spk_0 for the future. And when you have that responsibility, if you think of yourself as a steward of a
spk_0 brand, you'd have to really think long and hard about getting rid of anything. That's sustained or
spk_0 gotten a brand of the way it is to the point it is today. And principally, things like the logo,
spk_0 the word mark, the tagline, some of the iconic mascots or elements of the brand to decide to say we're
spk_0 going to get rid of that. And we're going to replace it with something else. That's a big step.
spk_0 And I highly doubt that it's often warranted. I might feel good because you think, wow,
spk_0 we have a different, our customers changed. And they're totally different now. And we're falling
spk_0 behind and we need a fresher brand that's going to appeal to a younger audience. I think it's a
spk_0 classic dilemma. But young people grow up with in the same household as their parents or older
spk_0 siblings and grandparents. And they discover brands from a young age. And so it's not like
spk_0 they'd never seen these logos before. And the bigger question is culturally, how do you appeal to
spk_0 a different audience? Let's not change some of the key indicators that allow you to identify that
spk_0 brand on a shelf of other brands. Or when you're driving down a highway and you see a sign,
spk_0 or when you see a commercial, those, those elements are so important. The colors, those,
spk_0 what some people would call make a brand salient are so important. And there's sometimes billions and
spk_0 billions of dollars invested in them. So I don't really understand why you'd want to wipe all that
spk_0 out and start over. It seems like a needless exercise to me personally. And I'd caution anyone to
spk_0 make that their first priority when they enter in our role and really encourage them to think of
spk_0 the solos as steward of a brand and wanting to build momentum, not start over. Yeah, I was just
spk_0 looking. I think there was a LinkedIn post showing all these historic brands that were just wiping
spk_0 out their logos. I mean, I think like Jaguar was one where I think they took the Jaguar off of their
spk_0 name now. And I was like, oh no, that's like what I would associate with the car. And I liked
spk_0 a little Jaguar. So it was interesting just looking at all these screenshots of brands that are
spk_0 just throwing away like the history that's kind of built them and got them here. Yeah, again,
spk_0 I want to comment on anyone else's decisions because I'm not in their seat. And I don't know
spk_0 why they would have done the things they do. And I don't want to assume to know anything.
spk_0 I can only say from my perspective, if I was given, as I've been given the responsibility to have
spk_0 a direct hand literally in what the brand looks like when it comes out the other end, I always think
spk_0 of, wow, we have this incredible asset. So many people know our colors. So many people know our logo.
spk_0 So many people know the name of our business or some of the other elements that we've established
spk_0 over time. We've put more than a billion dollars into this brand. I don't want to do anything to
spk_0 damage that credibility. But what I do want to do is I want to add elements tastefully to it
spk_0 that make it more resonant, stand out more and build more elements that are distinct and useful
spk_0 to consumers to resonate. So they see they know to look for other things in addition to what we've
spk_0 already established is important. So that's how I think about it. A lot of the data, because I am a
spk_0 data driven person, the academic research on this is pretty definitive that when you start
spk_0 moving the cheese on people, it often disrupts things. And sometimes immediately, but more often
spk_0 than not over the mid to long term. You're starting over. And that's not to say that you shouldn't
spk_0 think like I said about evolving certain elements or maybe making certain types of modifications
spk_0 over time. If it's not clear or some other things, but I would be really careful about doing those
spk_0 things. Because again, these are biological signals, things colors, fonts, the way something
spk_0 feels, it's aesthetic. All of those things kind of resonate in ways that we understand and maybe
spk_0 don't. And so I wouldn't necessarily want to go change a bunch of variables, just cause it feels
spk_0 expedient or like a good thing to do because of modern flare or taste. Love it. So I want to get
spk_0 a little bit into the weeds and have like talk a bit about things that someone could be listening
spk_0 right now and experiment or try in their own world after listening to this. And so the first
spk_0 thing I want to ask you about is around channels or bets that you're making right now. Like what are
spk_0 things that you're betting on? Maybe contrarian bets or places that you're looking into, you know,
spk_0 having like a marketing strategy at play that is not something everyone would be doing or things
spk_0 that you're seeing results in. They're like, this is pretty impressive and more people should know
spk_0 or be thinking like this. I'd like to think we're making a lot of bets or trying things even
spk_0 in stuff that we know works and as maybe consider to be old hat. But do you think it's come to mind
spk_0 that I would specifically call out? One is audio in our new work, Savings Wrangler. We do actually have
spk_0 this guy over here, Dusty Pete. He's playing a guitar and he's singing stories of customers and
spk_0 and their savings. And you know, as a kid, I remember so many great ad campaigns I grew up in the midwest.
spk_0 So, you know, anybody who's a midwesterner would know probably if I say Empire Carpet,
spk_0 Blu-da or Victory Auto Records, like there's certain sounds and I know the phone number. It's just like
spk_0 in my head. It's been an earworm that's gotten in there for decades. And I've audio is such an
spk_0 interesting way to build nostalgia, recall and bring people to a different place, especially since
spk_0 everything that's visual is where we're overloaded from a sensory standpoint with visual stimulus
spk_0 that I'm very interested in the effect of audio. So we're going to be doing more of that. And I
spk_0 couldn't be more excited by some of the great work the team has done. So we're leaning into creating
spk_0 some compelling sounds and audio, some tagline that I, well, we know works really well and I'm really
spk_0 interested to see how that continues to mature for us in a portfolio. Audio in another sense,
spk_0 we get a lot of latitude and great signal out of audio as an advertising medium too. So,
spk_0 these are things that you don't have to just rattle off a discount code, like go to something
spk_0 something.com, forward slash podcast. And that's the only way you can determine that a podcast is
spk_0 valuable to an audience. That goes back to a point I made earlier, which is if you're studying the
spk_0 immediate effect of everything, you're probably not going to get the story right in the mid to long
spk_0 run on like its efficacy. We've seen a lot of good signal in audio and I think has we've
spk_0 weathered a lot of the inflationary effects of media better in audio than other areas. So I think
spk_0 that's what they were really leaning into. I want to apologize you before you go to your next one
spk_0 because I think this is a very interesting one to circle around because one, I mean only a couple
spk_0 CMOs have touched on this piece, but I do think I was just thinking about this the other day of
spk_0 like the in between moments when your buyers are listening and tuning in and they're like in the
spk_0 kids school pickup line, they're walking their dog, they're wiping down the counters at night
spk_0 time, like they've got AirPods in, they're listening to podcasts, they're listening maybe to
spk_0 radio. Like it's literally this audio format that is doing the accepting of messages and products
spk_0 and you know, hopefully in a storytelling capacity. And I think it's such an undervalued channel
spk_0 right now that like you said video, I know video, obviously people love it. It is a very highly
spk_0 consumed format, but audio is one that just don't think enough people are thinking about
spk_0 strategically and how to place messaging and stories within side, you know, whether it be a
spk_0 podcast or radio, whatever it might be in a way that resonates, but also sticks with that
spk_0 customer for a long time afterwards. Like if it's done in a story instead of just here's my ad,
spk_0 go to this website, like thinking of it like long term, how do I make sure that they know my brand
spk_0 and it's part of something that's interesting that they're listening to already. I whole hard
spk_0 to think about this in terms of the kind of confessions of a former engineer here, but if you think
spk_0 about a video asset, there's a couple different things going on there. You know, someone could say,
spk_0 well, what I'm seeing is not appealing to me and kind of tune out immediately or they or before
spk_0 they know it, they're like, I've seen this commercial before and they're now like you might have
spk_0 gotten some benefit of just the wear-in of the logo and brand if you've done it well, you might,
spk_0 you know, that's that's that matters. It's not a throwaway thing, but with audio you have one
spk_0 thing. The sound going out of a speaker into your ear and so if you can do that in a way,
spk_0 especially if you're cognizant of the type of programming you're integrating with, so it feels like
spk_0 a more natural integration, it feels right for the setting, you have a lot of variability and in my
spk_0 opinion, it's important to end with something strong and consistent so that you have that hook,
spk_0 the thing that makes me remember the Empire Carpentry Phone number, growing up in the Chicago land
spk_0 area, that's that's the thing that really kind of seals it together and creates a memory
spk_0 structure that can be really useful for a brand. So we're very excited about what we've done. I
spk_0 would encourage everyone to go look at these these audio ballads, they're they're awesome and I can
spk_0 have excited to do a lot more of it. So good. Okay, tell me more. That was a great part. Now I
spk_0 want to know what else are you all doing? So we talked about AI earlier and I don't want to turn
spk_0 this into like probably yet another really long kind of AI theory discussion necessarily. I'm
spk_0 sure there's plenty of people more that have a lot more insight on that than I do or deeply
spk_0 working in that area as professionals, but when new technology comes around, you have to be mindful
spk_0 of where brand how brand discovery might change. And with agentic tools and my understanding of how
spk_0 they work and process information and really absorb and figure out how to give answers, how to
spk_0 cite a brand, what they can trust as to be authoritative or worthy of including in some sort of
spk_0 overview or answer to consumer. A lot of that rests on kind of a network of signals, fingerprints
spk_0 of brands that exist all over the place. And oftentimes they're in areas that brands don't control
spk_0 forums on the internet. And they always seen a lot of data on the power Reddit and that curated
spk_0 tons. Whether it's right or not is a different thing, but it's there and it's perceived to be
spk_0 authoritative. Also the network effect of news, local news, local journalism, microjournalism,
spk_0 influencers and even national mainstream media as well. All of those things are signal sources. And so
spk_0 we're putting a lot of attention into our PR and comms work is it as an integrated part of marketing,
spk_0 not just integrated in the sense that we're trying to tell consistent stories to consumers. And the
spk_0 business community at large about our business or the rhythms of our business, but really looking
spk_0 at our proprietary data, doing custom research, finding interesting ways of studying the challenges
spk_0 of prescription affordability and access in America. Unique instances or data on certain areas
spk_0 of therapies or efficacy guides even for people like what's some tips to avoid food allergies at a
spk_0 restaurant. Everything you can think of involving content to really get that out more and not just
spk_0 put it on our website and make hopes for from an SEO perspective. People read the article, but
spk_0 syndicating that stuff and trying to get attention and cover John it so that we can propagate that
spk_0 and get more of these signals out there to help further our ambitions of being highly discoverable
spk_0 in these forums. I do hope it turns into a visit. You know, if it does turn into a visit in terms of
spk_0 someone's like, oh, where did the source of this information come from? They come to our website
spk_0 great. If they don't, and they just see good or X is a great source of interest for these source
spk_0 information about prescription savings for time and money, that's great too. And so we're really
spk_0 focused on integrated comms and PR in or in or marketing engine and we're going to be doing a
spk_0 key key lead in there and push harder. Yeah, this is something I've talked a lot about as like the
spk_0 power of having content everywhere in different forms. Like you kind of need to be showing up everywhere
spk_0 and having other people talking about you. Like you can't just do everything from under your
spk_0 brand account and everything on your website. You need to have outside sources saying, hey, good
spk_0 our ex, this was actually helpful to me. Or here's an experience I just had and it needs to be
spk_0 authentic and give these LLMs a chance to find information in a bunch of different sources.
spk_0 Because they're scraping the transcripts of YouTube. They're looking at podcasts. They're
spk_0 looking on Reddit, looking at like very specific questions. People are asking about, you know,
spk_0 their prescriptions and yeah, just like how do you show up as a brand in all these different formats
spk_0 and measure it and find the white space of, you know, where should I be showing up? Because I'm
spk_0 sure where you should be showing up is very different than a B2B SaaS company versus, you know, a CPG
spk_0 company. It feels kind of like the Wild West, like similar to your new brand campaign.
spk_0 But for LLMs. There's something in what you're saying there and just the journey of thinking about
spk_0 these new technologies. I'm actually excited because I do think it's going to force a lot of return
spk_0 to some of the more traditional playbooks and advertising and marketing. I do think we've lost our way
spk_0 a bit in the digital era and again, someone, someone with me, I worked at a company called
spk_0 Performance for 12 years. So Performance Marketing is deep, deep, deep in there. I think I've gone
spk_0 so far into it that I've come out the other end and I'm now maybe apologizing for some of the things
spk_0 I might have aped or pushed in the past. But we've been lulled into this idea that we have as
spk_0 marketing leaders a lot of control over how people interact with our brands that there's some
spk_0 Primrose path we create a happy path of build a really compelling ad. Does it have a hook? Get a
spk_0 click through, go to the website, download the thing or transact, put something in shopping cart.
spk_0 You don't buy it, re-engage the person and try to create this almost like factory assembly line way
spk_0 of looking at the business. But in that, I think we're being dishonest that there's a lot of things
spk_0 that happen for reasons that give us the illusion of control, that it's really luck or timing or
spk_0 other forces that are at play. And we use correlation as some sort of causal signal to say,
spk_0 oh, this is what marketing is. If we believe that discoverability in the future is going to be a
spk_0 lot of automated agents scraping things online and on and off line for us and building kind of
spk_0 a knowledge graph of what is true, who's strong in a certain area, who has the best of this. And then
spk_0 for each individual, it's going to be different because I'm going to have a dialogue with a tool for
spk_0 over a period of time where it ostensibly will know me and filter things based on my likes and preferences.
spk_0 We're definitely not going to have the level of control that we've come to think we do. And so
spk_0 we have to believe more in this idea of emergent order or an invisible hand or things just kind of
spk_0 developing around us. And the goal there is that position yourself. So you have a huge
spk_0 surface area as a business that what your business does is well understood and the structure of
spk_0 where you play and where you don't, what you're really good at and what you may not be, who ideally
spk_0 should consider using you when those things are really important to get right in the messaging and
spk_0 the fundamentals. And then you just have to kind of wear those things in over time and do them
spk_0 consistently enough that there's enough of these signals out there that the odds are in your
spk_0 favor that when someone is in a state of need or they're taking something seriously that you will
spk_0 be discovered. And that hopefully returns us to a simpler time where there was a more focused
spk_0 pursuit of advertising in like a macro sense and not this like fidgety digital dogfight every day
spk_0 that I think people misconstruise modern marketing. Yeah, it is interesting. You talk about humans
spk_0 wanting control and probably just adding more dashboards, more metrics, more everything like the
spk_0 more that I can control. And now this idea of just kind of surrendering a bit. And I've had
spk_0 actually a couple people I just had on someone. Harmony Anderson, she leads growth marketing or marketing
spk_0 as superhuman. And she was like, I'm just doing good things and investing in all these things.
spk_0 And I just am assuming good things will come. And as long as revenue is growing, like I'm not
spk_0 going to sit there and try and tie to every single activity and every single influencer and every
spk_0 podcast sponsorship. Like I'm just going to invest in what I think is best right now. And then just
spk_0 watch revenue and not be caught up too much in the numbers because that's where I think a lot
spk_0 of teams right now you see the divide between become super quantitative and everything has to be
spk_0 tracked. And now we've got, you know, we have to be in a very different world versus the other
spk_0 half the leaders I talked to are more around intuition and gut feeling. How do we make decisions
spk_0 in that space in this new world that we're heading into because it's not one that you can actually
spk_0 control like you could before. So it feels like two balancing acts of too much analytics and then
spk_0 relying a lot on intuition and trying to find a medium like happy happy medium is probably the
spk_0 goal going for it. I think that that balance of art and science or however you want to say that
spk_0 is really important. I think, you know, I think of myself sometimes maybe this is like maybe a
spk_0 stretch, but you know meteorology has a certain amount of pursuit. But there's a lot of metrics that
spk_0 like I'm sure that those scientists look at every data kind of approximate what they think. And there's
spk_0 models and things of particular weather. But the predictive power of those things to case is the
spk_0 further out you get supposed to run two days from now it doesn't, you know, is that. And so if you
spk_0 if you think about using the data to triangulate or kind of confirm some suspicions you have and
spk_0 you use intuition and experience and the power of a human brain to really into it and be creative
spk_0 and discover new things or new ways of communicating ideas data can complement the the natural drive
spk_0 and we've seen play out well for more than a hundred years of advertising. It doesn't have to be the
spk_0 end all be all for every single thing. And that's also to say that I do I try to avoid going too far
spk_0 the other direction of maybe where some advertising gets criticized as it seems indulgent. We're doing
spk_0 it just because it feels like the right thing to do and I try to make sure I never say that. I
spk_0 think of it more like because of my background I really try to start with an appeal to logic.
spk_0 It seems likely to me that or if based on what we know to be true in the past this seems like the
spk_0 right thing today. And I think logic can cut through a lot of things quickly and then second of
spk_0 that I'd say well the research says or there's a lot of data out there that would suggest that this
spk_0 is probably the right way to think about this problem. And then I would go to like our data says
spk_0 specifically this is what we should probably do in the situation how we should react to this.
spk_0 And by the way I probably wouldn't just cite one number unless it's a very nuanced question I'd say
spk_0 there's a couple different data points that if you triangulate from say we're on the right direction
spk_0 and when you think about triangulating using data and you use that kind of logic like theory to
spk_0 actual qualitative fact as much as in this factor at least consistent fact in your organization
spk_0 with the yard 6 you developed it does give it helps build more trust that we're not just kind of
spk_0 like shooting from the hip every day and making it up as we go that there is a plan that we are
spk_0 measuring these things with integrity that we're keeping our business partners informed along
spk_0 for the ride and they feel like they have a vested interest in what we're doing and can be supportive
spk_0 of us and the way we built our measurement internally here and the way we built relationships with our
spk_0 finance team and other business leaders have really given us that footing inside the company and I'm
spk_0 very proud of that. Okay so you've talked a lot now about measurement and I'd love to hear what
spk_0 system have you built up internally for this measurement capability that we've kind of discussed
spk_0 all throughout the interview. Thanks for asking we've put a lot of time and energy into this is
spk_0 something when I came to the company again I started in a growth marketing role and one of my
spk_0 first tasks or areas that I really wanted to focus on was up leveling the way we are kind of
spk_0 consolidating the way we looked at measurement we started with a number of purpose built tools for
spk_0 every single channel for TV or video is a spike model for other channels it was a last touch
spk_0 kind of model we had different tools for different channels and so what I'd seen be affected in my
spk_0 career was coming up with three distinct different approaches to measurement that can be effective
spk_0 in triangulating the impact of marketing for a business and any one of these on its own can be
spk_0 overused or lead you astray so I think three different things as elements together really are the
spk_0 pull eternity there. One is econometrics so econometrics are pulling in a lot of variables and
spk_0 looking at their correlation and small increments when data changes over time so that you can kind of
spk_0 build a model that is reasonably predictive of what we think the future business is going to look
spk_0 like based on the current inputs and those inputs could be you know the dollars for spending the
spk_0 number of impressions we might have in a certain channel and a whole other set of inputs they could be
spk_0 macereconomic data on you know unemployment or other sorts of things so you put all that into a
spk_0 model and you're given a lot of interesting insights to correlate the rhythms of those metrics with
spk_0 the outputs that you care most about the dependent variables like sales or traffic or new customers
spk_0 or reactivity to customers but ever it's important for the organization so that tool is really useful
spk_0 in making longer term budget planning decisions how much money should we invest in marketing as
spk_0 a in paid media when do we think the dollars that are associated with those investments will
spk_0 hit in the business how much of it's going to be in a quarter versus in a half of a year versus
spk_0 two years out we've we put a lot of time and energy into that takes a long time to do but it's an
spk_0 important tool the second thing we do is incrementality testing or lift based measurement experimentation
spk_0 is another way of saying this where we run experiments and as much a controlled setting is one
spk_0 can get in the modern era and that could be a market test for some like you find two markets that
spk_0 behave similarly and you you affect one and not the other and you look at the difference in performance
spk_0 so we do that and that helps us a really useful tool in calibrating what we what that econometric
spk_0 output looks like you can use those two data points to really help complement one another and
spk_0 fine tune your models on the econometric side and there's some channels like a display for I think
spk_0 in programmatic that lend themselves to some sort of perpetual incrementality study that you
spk_0 can use incrementality based methodologies to kind of measure and optimize the program more real
spk_0 time so that's another important thing we do and we test pretty much every medium at some point
spk_0 in some way from an incrementality perspective then the third is you know base response measurement
spk_0 this is where a last touch would be or you know pseudo multi touch models specific within certain
spk_0 platforms like the whole two lego system we use these last touch signals from buying in market it's
spk_0 difficult to you know buy based on econometric signals because those are slower they take a longer
spk_0 time to come out so if you want to make budget changes and optimizations multiple times a day
spk_0 the data is not useful it's it's it wouldn't really help you same thing with incrementality based data
spk_0 you need to study that effect over some period of time you can't make a decision each or day so
spk_0 we use last touch data or channel data to make buying decisions and really optimize for short term
spk_0 signals that we have heuristics that help us translate what like a short term response rate or
spk_0 visit rate or click through rate might translate to in terms of mid to long term sales and so
spk_0 those three things together no one on its own is powerful enough i think to give you the right
spk_0 insight you need as a business leader to make decisions for the company and so the three together
spk_0 is how we triangulate signal and and make day-to-day decisions and month-to-month decisions and how
spk_0 we annually are planned by annually as a company it's also how we stay accountable to our finance
spk_0 partners and others so they understand what the decisions we're making every day lead to in terms
spk_0 of expected sales impact wow okay so i've never i mean i worked in finance at google and i would
spk_0 have a lot of marketing teams pitching me what budget they wanted and i haven't ever heard of a team
spk_0 doing it at this level of like having a model that helps make decisions and all of that
spk_0 who at the company gets access to this because it seems like it depends on the question you're asking
spk_0 you would want to maybe wait pieces of this model differently if you're asking a more
spk_0 three-year plan question then you might want the econometrics to be heavily weighted in that
spk_0 versus if you're like i just need to know what i can spend this month then probably the channel-based
spk_0 data more so like who gets access to this within the company to use it for maybe their decision-making
spk_0 yeah and it's not to withhold any information but we generally don't share channel-level data
spk_0 outside the marketing team because i found it's more a distraction than it is actually helping
spk_0 ask questions that's if we're at a point where other partners in the company are wanting to see
spk_0 and audit all of our data we've we've missed the mark to to establish trust and something else
spk_0 didn't go right and of course there's times and periods where you need to demonstrate that what
spk_0 you've built is trustworthy and sometimes that's necessary so we tend not to overshare channel data
spk_0 not to hold anything back and unless it's a specific focus study on a certain campaign like a
spk_0 wind-back campaign or a new product launch we might give more detail there for that particular
spk_0 team working on it because it's helpful so everyone knows what's going on and again none of this
spk_0 is meant to mask or hide anything it's just i don't think folks sometimes people grab on to
spk_0 something that isn't really useful for the decision they're trying to make and they wouldn't
spk_0 necessarily know that because they haven't worked in marketing for 15 or 20 years and so better to
spk_0 not just like i wouldn't necessarily know what to do with stuff that our finance or HR teams used
spk_0 day to day same thing so who gets access to the econometrics the way you described how to use
spk_0 that data is is right we've we've built a set of dashboards and tools that take input from all of
spk_0 these different metrics and we've agreed on a common yardstick with our financial team our finance
spk_0 teams principally and some of our strategy teams and the rest of the leadership team on how we're
spk_0 going to stay accountable for the goals we're responsible for in the organization and that set of
spk_0 dashboarding is kind of our bible and we review that with finance weekly so they know you know how
spk_0 much what's our plan for investment for the foreseeable future this week this month this quarter
spk_0 this year are we on track or off track what kind of shifts do we might want we might want to make
spk_0 and what do we think is coming on the other end and so we use that composite set of data as our yard
spk_0 stick and our common currency or language between our teams and we agreed on that framework they
spk_0 understood how we built all of that what goes into some of the assumptions assumptions the mate
spk_0 on the models themselves and how the predictive power of our econometrics use and and we we track and
spk_0 periodically calibrate those things in open air with those leaders so that they feel very invested
spk_0 and bought in this shared yardstick that we use to judge success and that's primarily what we use
spk_0 when we convert switch teams outside the outside marketing directly and then the media team uses a
spk_0 bunch of other things day-to-day you know with net channel incrementality testing other things to
spk_0 make sure that those the predictive power those models are true that we we those things are not
spk_0 going to just happen on our own we have to actually make the results happen so that's where the other
spk_0 data comes in amazing thank you for getting into the nitty gritty with me I appreciate
spk_0 me on a go there with no problem I could talk about this I could talk about this for years and one
spk_0 other interesting anecdote I'd say because I've used this idea of a yardsticks and I it's funny to me
spk_0 because I try to look at a lot of things outside business for inspiration for my work day-to-day rather
spk_0 than reading a lot of consolidated information on business topics themselves and one thing I stumbled
spk_0 upon recently was this idea of I think it's called the coastal paradox basically it's depending on how
spk_0 you choose to measure like the national borders of an island nation like Ireland for example you can
spk_0 get like an infinitely large number and it depends on how small you want to measure that if you
spk_0 want to use like a little inch ruler or a string to measure it you're going to get a different
spk_0 number than if you use a you know three-foot stick or or you estimate using satellite imagery and I
spk_0 think in that I I learned that Portugal and Spain share a border and even though they share a border
spk_0 they have two different numbers for the length of the border which I think goes to show you that
spk_0 if you don't start having an open-air conversation about what yardstick or what how we're going to
spk_0 view success as a company you're almost destined to come to different conclusions and have tension
spk_0 and so I really made a point and I encourage my team to do this too is like the first thing we should
spk_0 do is get on the same page how we're going to judge success how we're going to measure stuff even
spk_0 before we get into the science of it because if we start off on the wrong footing we're just destined
spk_0 to have two different numbers and have confusion man no your yardstick that's so good I have seen
spk_0 that issue come up with many many teams I've worked with and especially when it's different
spk_0 executive teams coming together and everyone's just speaking different languages and looking at
spk_0 different numbers and metrics and yeah that's really good yeah or someone throws out a metric or
spk_0 like I don't even know what we cared about that yeah yeah yeah yeah yeah yeah so yeah yeah
spk_0 and okay let's quickly shift over to the last part of the episode it's the lightning round
spk_0 this is where I throw a question your way you have a minute or less to answer are you ready Brian
spk_0 I am totally ready okay first up if I gave you a million dollars no strings attached what
spk_0 marketing campaign or strategy would you run I would do more audio I would do more of these
spk_0 dusty feet of all ads I would wait I already kind of like chip my hand on that one so yeah I'm
spk_0 leaning into dusty peat singing to customers okay I love it I love it next up you are on a deserted
spk_0 island and you're a lot of bring one executive with you not from good Rx like someone you just admire
spk_0 you don't even have to know them or they can be your friend whoever you want so one executive
spk_0 one piece of software tool something you're like I need this and then one book oh man well so book
spk_0 I I've been trying to read this book by Robert Carro it's very long so I think that would give me
spk_0 finally some time to actually get through to read it it's a good book so it's an awesome book but I
spk_0 just have had the time it's called the power broker it's about Robert is this and this guy who
spk_0 helps kind of have a pretty big role in planning New York City to be the city this today now
spk_0 the good and the bad yeah the tool I think this is cheating a bit but I'd bring Google ads so that I
spk_0 could buy advertising to let people know where I am that I'm missing and I'm well that's good yeah
spk_0 so that that somebody you can find me and then an executive I want to bring with me boy you know
spk_0 Avoncianard is the founder of Patagonia and not only he's got a not only an amazing story as an
spk_0 individual but he's also an incredible outdoors person so I'm sure he could help us like build
spk_0 something out of bamboo and and figure out how to eat coconut's in fish until we got rescued
spk_0 so yeah that's good that's probably my favorite answers so far very smart and like it okay what is
spk_0 one marketing buzzword that you just wish would disappear off the face of the river one is hard
spk_0 probably learnings it just it hurts my ears when I hear the word learnings learnings yeah I don't
spk_0 think it's a real word and it's it's just like a filler I would rather I always so call my team out
spk_0 when they share it I would rather people say insights or results or something else that is more
spk_0 in the English language not just the made up business word yeah yeah yeah it sounds like a more
spk_0 personal pet peeve we may have to work on this to get get past this one yeah yeah learnings is hard
spk_0 I mean other one is I would say baby another one is growth hacking I just think it conveys a certain
spk_0 indifference to how you get to the results which if you're just running to like get a result or
spk_0 some sort of signal that's not necessarily hard we talked about all the trail challenges of data so
spk_0 I think that one usually puts my ear puts me on guard when I hear someone say they're a growth hacker
spk_0 yep yep okay what is a hobby or like a skill that you have that most people don't know about
spk_0 I do a lot of camping I really like outdoors and hiking camping and so I'm I'm pretty good at
spk_0 you know building a fire or getting a campsite set up doing the quarter master work needed to
spk_0 make sure you can survive on a backpacking trip so yeah that's something that I don't talk a lot
spk_0 about but it's it's a necessary break from the world of computers that I've been and have been
spk_0 in for most of my life yes love it all right Ryan well thank you for joining marketing trends
spk_0 it's a super fun I love getting into the nitty gritty with you and thinking high level of the
spk_0 industry and marketing in general where can people find out more about you and good or x you can
spk_0 go to good or x.com or download our app everybody in the United States should be using this app
spk_0 there's no reason not to so get after it and you can also check us out in our advertising
spk_0 on our social channels and everywhere else so thank you so much for having me Stephanie this was a joy
spk_0 thank you