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Alchemy in the Real World: Connecting With Real People In The Real World with Layne Cox, CMO of Union

Alchemy in the Real World: Connecting With Real People In The Real World with Layne Cox, CMO of Union

FromOOH Insider


Alchemy in the Real World: Connecting With Real People In The Real World with Layne Cox, CMO of Union

FromOOH Insider

ratings:
Length:
54 minutes
Released:
Apr 13, 2023
Format:
Podcast episode

Description

Tim Rowe interviews Layne Cox, CMO of Union and one of the earliest startup marketers to leverage OOH advertising as a growth channel all the way back in 2009. Layne’s career is a culmination of commitment to a passion for serving family-run businesses in the hospitality industry, with a marketing career that started out “as a lunch lady” and evolved into one of the most revered marketing leaders in the world of building B2B and B2C two-sided marketplaces. Layne has helped to build and scale amazing companies like Seamless, Grub Hub, Slice, and Pomp, specializing in the connection of the digital experience with the physical world.Key Takeaways:On getting the formula right: A 20-50% overall lift in customers (specific case study story)On measurement: Offline media impacts everything else you’re doing so don’t measure it in a silo, instead use a blended cost per acquisition (Total Amount Spent / Total Amount of Customers Acquired)On OOH being grassroots at scale: Be relevant and fun!On OOH being grassroots at scale: Meet your customers where they are, with multiple touchpoints per dayOn being a Challenger Brand: You will have fewer resources which can be a great catalyst for finding creative solutions and using agility to out-maneuver the competitionOn being a Challenger Brand: “We had to use big, broad channels to prove to customers and partners - ‘it’s a thing!’”On the wasted reach of broadcast media for a two-sided marketplace: Eventually, you’ll be where they are or they’ll be where you are so it’s really a low-cost, long-term investment. Extend your time horizons on the impact of marketingBig Idea To Consider: When is the last time you experienced what it’s like to buy from yourself/your company?Read Part I of the Multi-part Measurement & Attribution series at The OOH Insider -https://www.theoohinsider.com/blog/oohmeasurement-part1/Want to work together? Take advantage of fintech solutions JUST for marketers and the ultimate Authority Growth Engine for B2B/Founder-led growth at: https://www.troweco.com/
Released:
Apr 13, 2023
Format:
Podcast episode

Titles in the series (100)

Learn about How OOH Advertising Works and How To Measure OOH. Hear about how modern brands are using things like billboards, DOOH, place-based ads, event marketing, experiential, and other forms of real-world marketing to connect with target audiences and drive ROI. Executive insights, on-demand, from a global community of entrepreneurs and marketing leaders with the deepest insights into advertising out-of-home.