How can you solve complex problems for your customers? If you like stories that combine space, business marketing and the future then this is for you!
Our audio content manager, Daren Lake decided to create audio candy for your ears. This episode is meant to be consumed with headphones on and will take you on a journey spanning from 200,000 years ago to the present.
All in the hopes of having you better understand Metigy, SMEs, marketing and the potential for your own business’ future.
In this episode you will learn;
- What exactly an SME is
- Metigy’s technology explained in a simple analogy
- How to solve problems for your customers
- The world history of problems and solutions (that all relate back to business and marketing)
- Stopping the SME superman syndrome
- Artificial intelligence explained through Instagram
- Product Market Fit
- Predictions on marketing, artificial intelligence and SMEs
- And More
Quotes:
Daren Lake on AI and on product market fit (PMF)- “Artificial intelligence while scary isn’t as much about a Terminator future but more about a future that we are already living.”
- “The maps app or chess game that you use on your smart phone is specific artificial intelligence. The Facebook and Instagram algorithims that you use right now are all based on machine learning from human inputs to then execute different outcomes.”
- “Finding PMF is when you made something that people want. Your customers, clients or users just want to tell other people to use your product (without any incentive).”
- “How many different technologies do we use to help us do the marketing function? We don’t have them connected, right? The proposition is the need to finally have one true source of all data and could make a great decision.”
- “Technology is not being there to harness the value of that data. It (currently) comes back to humans interpreting that. AI is a fantastic application in this environment to process that data once it’s all connected and distill it down to the thing you should do today.”
- “The approach you will want to be taking is earlier validation and fail faster. We can go to the next iteration if the previous one is not working.”
- Daren’s take: “Fail Fast. Don’t run and work harder. Fail faster and learn in the early stages”
- “I wanted to do the accounting, the marketing, the customer support… But there’s only 24 hours in a day. Unless you’re Elon Musk- he seems to find a lot more hours in the day somehow. For average, normal, small business owners, time pressure is a real thing.”
- Connect your social channels in Metigy and we start giving you insights and recommendations to grow your business. You just connect them and boom, you’re done.
Transcript below
Daren: What do Elon Musk, David Fairfull and the team at Metigy have in common? Well, you’re about to find out. Brendan: [00:00:13] I definitely hopped on the rocket ship in late 2018. You know, talking to David and Johnson, the two founders, they just had a really massive vision. Johnson: [00:00:23] The way I see AI impact SMEs in digital marketing is to help them impact the bottom line or improve the performance. One is automation and the other one is just building a smarter app. David: [00:00:37] Talking about Elon Musk. I think, as an entrepreneur, you realize or appreciate that just doing one thing well is hard enough and how he does five or six globally changing businesses at one time. Yeah. It’s interstellar, right? Not even global. You know, interstellar changing businesses is beyond me. So you have to admire that and he’s clearly figured out how to leverage his capability. Daren: [00:01:03] Hello, I’m Daren Lake. Audio content manager at Metigy and your host of this new forward-thinking podcast series, how Metigy and Elon Musk are disrupting the future of their industries. We tell inspirational stories about brands, business owners, and marketing experts. Our present goal is to learn from their past experience and uncover what it takes to build a world-class business. Moving into the future from Wikipedia: A small business is generally 1 to 19 employees, a medium business is 20 to 199 employees and a large business is 200 or more employees. Ironically, the small to medium business industry is far from small. It’s quite large with almost 200 million SMEs globally. You can expect they range across many industries, more on SMEs and their importance shortly. So what is Metigy? Metigy is a new and innovative digital marketing platform and a fellow small to medium business. We help SMEs create high quality content and a strategy that gets engagement, conversions, and grows audiences. This is done with artificial intelligence and machine learning. Metigy’s technology analyzes how your content is working with the current publishing and marketing strategies. That might be a lot to digest. So I’ll explain it to you like your five and give a quick and easy example. Imagine using a social media app like Instagram, right. And doing all things one would do on Instagram: posting content, sorting your hashtags, et cetera. We’ll call the doing of these things, data and input. After using the social media app for a short period of time, Metigy gives you advice on what exact things you should do next and what your results might be. Think of it like a digital crystal ball. Advice like you should invest $10 on Google ads to actually make $25 in sales. Or you should look to use a particularly high-performing video or photo from last month in your next campaign moving forward because your audience engaged positively with it. Now, marketing is not an enigma like space in the future. It’s an investment. It is insight and recommendation with the learning component, building your confidence as a marketer, you get to understand why future action is going to perform well. That is at least our understanding of how to solve our customer’s problems. Your business and customers may differ as every business will have their own set of complications. Throughout time, innovative people and companies have come up with solutions for the world. Those ideas at some point needed a vehicle to reach an audience, to make an impact that vehicle is marketing. This is where magic comes in. Managing helps small companies spread great information that people need. From what we know this hasn’t been done before with humility, you could say it’s the marketing innovative equivalent to Elon Musk, Tesla and SpaceX’s ambitious goal help the world via techniques. Fun fact, Metigy’s name is a mashup of two words, Metis and strategy. Metis in Greek mythology is the goddess of wisdom and deep thought strategy because based on the information Metigy receives on your marketing actions, we then provide you with suggestions and insights on how to market moving forward. Also Metis is the name of one of Jupiter’s many moons and outer space is actually where we will go in this story. We also feel Metigy is in a unique and Meta place to tell a story. Unique because we are a small business just as recent as a few months ago. And now through a $20 million round of funding or growing to become a medium-sized business Meta because we understand the pains of marketing since we ourselves are trying to figure out how to market, to SMEs that need marketing help. See the irony? Daren [00:04:32] In this story, we’ll start in the present with what we know. Our customers and their problems. We’ll travel back to the past to find out how we got here, then travel forwards to a hypothetical future, or at least ask ourselves questions about what the future will look like. The goal at the end of this episode and series is to make sure you have a deeper understanding of how to help your own customers, how Metigy works and what we want to do moving forward. Daren [00:04:58] In business, a question that seems to come up a lot is how can you solve complex problems for your customers? Digging into that question, yields, infinitely more questions.- Like what exactly are the complex problems?
- Do we know exactly who’s having these problems?
- Where are the people that are having these.
- How much should you spend as a small business on marketing?
- Who should I be marketing to?
- What is the best platform or app to use to do your marketing?
- Can you view marketing as an investment instead of a variant cost?