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In this podcast episode, the speaker introduces the concept of viewing marketing as a combination of fuel and an engine. Fuel refers to the valuable content, design, and other assets created, while the engine focuses on the distribution and tracking of these assets. The speaker emphasizes the importance of identifying whether the company needs more fuel (content creation) or an engine (distribution and tracking) to drive growth. This helps determine the type of marketing hire required and highlights the need for collaboration between marketing and product teams.
The podcast discusses the importance of making the right marketing hire, depending on the company's specific needs. It advises against hiring specialists at the early stages and suggests looking for 'pie-shaped' marketers who excel in one area but have working knowledge across other marketing functions. The main archetypes discussed are content/community marketers, growth marketers, and product marketers. The speaker stresses the importance of understanding the business model and evaluating whether the company needs more fuel-driven marketing, engine-driven marketing, or both.
The podcast explores the significance of effective collaboration between marketing and product teams. It highlights the need for clarity in roles and responsibilities, emphasizing the importance of clearly defining who owns what within the marketing and product functions. The episode suggests leveraging tools like AOR (Areas of Responsibility) lists and conducting roadmap meetings to facilitate cross-functional collaboration. Additionally, it emphasizes the value of aligning goals, fostering communication, and respecting each team's skill set to maximize synergy between marketing and product.
The podcast shares practical frameworks and templates to guide marketing strategy and execution. Examples include the GATs (Goals, Audience, Creative, Channels, Stakeholders) framework, which provides a structured approach to planning marketing initiatives, and the GACCS (Goals, Audience, Creative/Angle, Channels, Stakeholders) marketing brief, which helps align stakeholders and streamline decision-making processes. By providing clear guidelines and fostering a culture of open communication, these frameworks can enhance marketing effectiveness and collaboration within the organization.
The best marketing teams are those that focus on driving tangible growth and have clear goals and metrics in place. They are able to identify the core activities that drive linear or step-change growth and prioritize them. Additionally, they are aware of any foundational aspects of marketing that need improvement and work towards resolving them. By being impact-focused, marketing teams can ensure they are not just engaged in busy work, but are making a measurable difference in driving growth.
Successful marketing teams have clear and frequent communication with other departments, particularly product teams. They ensure everyone understands their role and responsibilities, and provide education about marketing strategies and tactics. Clear and effective communication helps to build trust across teams. Additionally, marketing teams need to be able to deliver results and meet their commitments. By providing tangible value, such as helping with hiring or offering expertise in specific areas, marketing teams can establish themselves as reliable and valuable partners within the organization.
Emily Kramer led and built the marketing teams at Asana, Carta, Ticketfly, and Astro (acquired by Slack). These days, she’s the co-founder of MKT1, where she helps founders and marketers build and scale their marketing functions. Emily is also a well-respected angel investor and writes my favorite marketing newsletter (MKT1). In today’s episode, she shares her insights on when to hire marketers, how to determine which type of marketing hire is best for your team, how to best work with marketing, and what red flags to look for. Emily shares actionable templates and some incredible frameworks that are sure to expand your marketing knowledge.
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Find the full transcript here: https://www.lennysnewsletter.com/p/how-to-build-a-powerful-marketing
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Where to find Emily Kramer:
• Twitter: https://twitter.com/emilykramer
• LinkedIn: https://www.linkedin.com/in/emilykramer/
• MKT1 Newsletter: https://mkt1.substack.com/
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Where to find Lenny:
• Newsletter: https://www.lennysnewsletter.com
• Twitter: https://twitter.com/lennysan
• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/
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Thank you to our wonderful sponsors for making this episode possible:
• Amplitude: https://amplitude.com/
• Lenny’s Job Board: https://www.lennysjobs.com/talent
• Athletic Greens: https://athleticgreens.com/lenny
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Referenced:
• Building an efficient marketing machine: the fuel & the engine: https://mkt1.substack.com/p/fuel-engine
• The GACC Marketing Brief: https://mkt1.substack.com/p/the-gacc-marketing-brief-the-best
• The Tipping Point: How Little Things Can Make a Big Difference: https://www.amazon.com/Tipping-Point-Little-Things-Difference/dp/0316346624
• Crossing the Chasm: https://www.amazon.com/Crossing-Chasm-3rd-Disruptive-Mainstream/dp/0062292986/
• Purple Cow: Transform Your Business by Being Remarkable: https://www.amazon.com/Purple-Cow-Transform-Business-Remarkable/dp/014101640X
• All the Light We Cannot See: https://www.amazon.com/All-Light-We-Cannot-See/dp/1501173219/
• The Daily podcast: https://www.nytimes.com/column/the-daily
• Stream Yellowjackets on Showtime: https://www.sho.com/yellowjackets
• CODA on Apple TV+: https://tv.apple.com/us/movie/coda/umc.cmc.3eh9r5iz32ggdm4ccvw5igiir
• Ashley Mayer’s LinkedIn: https://www.linkedin.com/in/ashleymayer/
• Kevan Lee’s LinkedIn: https://www.linkedin.com/in/kevanlee/
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In this episode, we cover:
(03:44) Emily’s background
(06:08) Hiring a marketing team
(11:26) Examples of fuel and engine in marketing
(16:00) What is a product marketer?
(18:20) Why you should start with a marketing generalist
(20:30) The difference between a growth person and a product person
(23:57) What to look for in a product marketer
(26:58) When to hire a marketing person
(30:45) The role of a brand marketer
(33:24) Marketing for PLG startups
(36:22) What is product-led growth?
(39:23) How to get product and marketing to collaborate
(43:38) What is the GACC framework?
(47:58 ) How to know if your marketing team is effective
(54:33) Why founders need angel investors with functional expertise
(1:00:23) Lightning round
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Production and marketing by https://penname.co/. For inquires about sponsoring the podcast, email podcast@lennyrachitsky.com.
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