Morning Brew founder Alex Lieberman - what B2B marketers get wrong
Nov 19, 2024
auto_awesome
In this conversation, Alex Lieberman, co-founder of Morning Brew, dives into the hiccups of B2B marketing and shares insights on why it's still lagging behind B2C strategies. He discusses the shifting landscape with modern techniques like influencer marketing and the importance of community building. Alex reflects on the personal challenges entrepreneurs face during transitions, including finding purpose post-exit and tackling imposter syndrome. Adding a playful twist, he even touches on casual fashion faux pas and some intriguing conspiracy theories!
B2B marketing often lags behind B2C in creativity due to conservative approaches, limiting innovative strategies and stifling growth.
Influencer marketing is emerging as a game-changer in B2B, presenting opportunities for companies to engage with relevant creators despite early challenges.
Community-driven products in B2B are transforming relationship-building, offering niche spaces for professionals to share knowledge beyond traditional trade organizations.
Deep dives
The Dynamic of B2B versus B2C Marketing
B2C marketing is often seen as more innovative and dynamic compared to B2B marketing, which tends to follow traditional pathways. Creative marketing talent is typically drawn to consumer-facing companies due to the visibility and excitement associated with large campaigns, like Super Bowl ads. In contrast, B2B marketing is largely driven by need for attribution and sales-oriented metrics, leading to conservative approaches that stifle creativity. The result is a notable limitation in the scope for innovation in B2B, often leaving the few standout companies, such as HubSpot and Salesforce, as rare examples of successful marketing innovation.
Marketing Strategies of HubSpot
HubSpot is lauded for its innovative marketing strategies, notably for its acquisition of The Hustle, which expanded its influence in the content space. Rather than attempting to compete with the best media talent in-house, HubSpot has chosen to partner with or acquire established creators to enhance its marketing capabilities. This approach reflects a shift towards viewing traditional software companies as media companies, adapting to the evolving landscape of marketing. Such strategies highlight the importance of investing in infrastructure that supports high-quality content creation to stay relevant in both B2B and B2C spheres.
Influencer Marketing in the B2B Space
The realm of influencer marketing is growing, particularly in B2B sectors, where companies are realizing its potential despite being late to the trend. There is a lack of household names in B2B creator marketing, presenting a significant opportunity for growth and innovation within this sphere. Existing influencer marketing firms are facing challenges as they scale, particularly in maintaining service quality while managing a large number of influencers. This market gap allows for specialized agencies that focus on connecting B2B companies with relevant influencers, as many creators seek partnerships to expand their brand deals.
The Importance of Community in B2B Marketing
Community-driven products are emerging as valuable assets in B2B marketing, where companies are seeking to build meaningful relationships among professionals. Niche communities, specifically tailored for senior professionals in various fields, are gaining traction as they depart from traditional trade organizations that often lack engagement. New ventures are attempting to redefine community experiences by leveraging modern technology and personal engagement strategies to create spaces where professionals can share knowledge and insights. This movement points toward a future where companies invest in building vibrant communities as part of their marketing strategy, acknowledging the significance of relationship-building in B2B.
Navigating Post-Exit Challenges as a Founder
Founders often face a unique set of challenges after exiting a company, grappling with identity and purpose transitions. This experience can lead to feelings of malaise and the daunting task of finding new sources of motivation and fulfillment. Rather than pursuing the next big venture for the sake of impact, many founders are realizing that intrinsic motivation is crucial for long-term satisfaction. This reflects a broader truth that fulfillment can come from balanced personal and professional life, challenging the stereotype that entrepreneurs must relentlessly pursue success at the expense of personal well-being.
Alex Lieberman is the co-founder of Morning Brew, a business newsletter with over 4 million subscribers. Alex founded Morning Brew in his dorm room and sold a majority stake to Business Insider for $75 million in 2020.
In this episode, Alex and Auren discuss:
Why B2B marketing is broken
The future of influencer marketing
Finding purpose after the exit
Generation media consumption
Looking for more tech, data and venture capital intel? Head to worldofdaas.com for our podcast, newsletter and events, and follow us on X @worldofdaas.