While the book screams marketing and growth hacking, I believe the best audience for this book are company executives who need to understand better how marketing + tech can help their company.
I recommend this book to programmers and tech folks who know nothing about marketing. The book will be eye-opening. Marketing, it turns out, is not just about creativity and design. Software and AI are eating the world and eating Marketing already. Without a good technology stack, marketing teams are sure to fail.
At Meaningful, we help companies understand their Martech needs and design and implement a Martech stack for them.
To understand the thesis of the book better, it helps to know about its author, Darrell Alfonso. Alfonso is a marketing strategy expert, instructor, and consultant with more than 20 years of experience in the area.
Before being "Director of Marketing Strategy and Operations" at Indeed, Alfonso was "Global Marketing Operations Leader" at AWS. No wonder that—as we will see—being customer-oriented and obsessed is at the core of the Martech practices he recommends throughout the book!
Follow him on Twitter for great marketing tips.
Marketing Technology or "Martech" combines technology and marketing practices.
With everything happening online and users bombarded with information from all angles (emails, photos, tweets, social media posts, and ads), marketing can't work alone as a creative endeavor. It needs to integrate with technology and leverage everything that it can offer.
This is not to say that now executives should think of marketing only as a technology problem:
“To only think about technology is also a trap because you'll miss out on all the strategic and creative value that humans bring to creating meaningful customer experiences.”
Martech becomes very powerful when we remember that its core objectives “are to attract, engage, convert, and delight customers.” Or, to paraphrase Jeff Bezos, Martech teams should be "customer-obsessed."
And there is no better way to improve the customer journey than combining marketing practices with the services and apps technology offers. In fact, the north star of a highly functioning Martech stack should be the complete automation of the customer journey, which, in turn, should improve the conversion rate and the overall revenue value of each customer.
Knowing what Martech is and what it can do for us is not enough.
Once we understand how Martech can help our business, we need to plan a smooth integration and ensure that whatever Martech stack we build is optimized to help us achieve our strategic goals.
“The biggest challenge in Martech today is too many tools and too little strategy”
With more than 9,000 Martech tools out there, Alfonso is right when he writes that “there is a tool for everything.”
So how can we choose the right tools for our Martech stack?
First, spend as much time as you need designing a "coherent strategy." A coherent Martech strategy will help keep track, automate and improve all the strategic metrics and goals of the business.
Second, do not make the mistake of being only “feature-driven” and buying tools just for the number of features and integrations they offer. Your team doesn't need the absolute best tool but the best tool for your actual needs.
Third, focus on these three fundamental tools of a great Martech platform:
Lastly, Alfonso suggests a "worst-case" scenario exercise before you commit to any new tool: “If everything goes wrong with this new technology, how can we back out?” Asking this question and discussing it with your Martech developers before buying anything will avoid many headaches down the line.
Martech being a mix of disciplines, “requires a broad mix of business and technical skills,” according to Alfonso.
Martech professionals need a combination of technical and soft skills that other disciplines do not necessarily require.
Firstly, Martech developers and managers—the folks in charge of designing and implementing the Martech stack in your organization—need to know the basics of:
As Alfonso writes, “this does not mean that Martech professionals should have a degree in computer science, but since most of marketing technology involves the management and analysis of data, those lacking in this skill are at a severe disadvantage.”
As soft skills go, Martech professionals need to be great communicators, have excellent "cross-functional project management skills," and a disposition to continuously improve and learn because, in the world of growth and technology, rapid change and evolution of tools are the only constants.
Finally, while there is no one-size-fits-all guide to getting started with Martech and implementing your Martech stack, Alfonso recommends two things.
Firstly, to work with great Martech agencies:
“When you work with a first-rate agency, you will understand the problems you are facing better, and you will understand how they will use their expertise and resources to help you. A good agency relationship will be based on trust, authority, and expertise.”
Secondly, he provides a neat "Martech Discovery Questionnaire" that should guide your team through the decision-making process:
If you are thinking of getting started with Martech or improving your current stack, contact us and subscribe to our newsletter. We'll be happy to help!