Author: Franz Malten Buemann

  • Shopping is not the same as buying

    Just about everyone over the age of fifteen, anywhere in the world, engages in the market in some way. We need things and we buy them.

    That’s not what shopping is.

    Shopping is the act of imagining what you might want. It’s the thrilling but risky exchange of money for something that you’ve never purchased before. Something that might be better than you hope, but it might not.

    In some communities, shopping is so foreign and risky that it simply doesn’t happen.

    Shopping is a cultural activity, with styles and approaches varying depending on who you are and where you live.

    Shopping releases chemicals in our brain. In many cases, particularly with luxury goods, it’s this emotional shift that we’re actually paying for, not the thing we’re buying.

    The trillion-dollar industries that are based on shopping as a sport (as distinguished from buying what we need) are relatively new, but have been around long enough that many of us take them for granted–normal activities that appear to have always been around.

    Money is a story. Your story is probably different from everyone else’s. Our relationship with debt, savings and earning money is extraordinarily complex. Consumer credit has turned from a convenience and useful bridge into, for many people, a trap.

    Gift cards, garage sales and self-storage units start to reveal just how many layers we’ve built up around our commitment to shopping.

    In small doses, for many people, shopping can produce happiness. But it doesn’t usually scale.

    More stuff might not be the substitute for the things that we truly want.

  • What Christmas Shoppers are Looking for This Festive Season

    With Christmas markets and Santa’s Grottos cancelled in many cities, it may seem as though traditional Christmas preparations are losing much of their sparkle and cheer this year. As a consequence, savvy retailers are looking for new ways to engage with shoppers online throughout the crucial Christmas trading season. John Lewis certainly deserves praise for…
    The post What Christmas Shoppers are Looking for This Festive Season appeared first on Customer Experience Magazine.

  • Why the Voice Channel Will Crush Omnichannel Next Year

    If you thought you could automate the voice channel out of the contact center, you’ve got another thing coming.
    The present and future of the contact center is voice. Ignore this advice at your (CSAT rating’s) peril.

    Discover all the latest contact center trends:
    Read Contact Center Trends 2021

    For many years, tech companies waged war on the lowly telephone contact agent. And for a while, it looked like they would win. But this year, contact center executives were shown just how crucial the voice channel is in a digital world.
    The Voice Channel is a Crucial Connection in a Virtual World
    As millions of people transitioned to sheltering-in-place, many picked up the phone to reach out for customer support. Those that had pushed it to the sidelines suffered the most.
    Average hold times shot up to days — and sometimes weeks — as millions picked up the phone to ask, “Where the hell is my toilet paper delivery?” “Is my flight really canceled?” and other critical lockdown-related issues.
    One trend we expect to see blossom over the next five years is the (re)growth of audio channels. And the return of the voice channel in a big way.
    How to Improve Customer Perception
    That’s in stark contrast to our prediction that SMS usage would grow in 2020. But there’s a good reason for that.
    Why RCS Text Messaging Didn’t Explode in 2020
    It made sense that adding rich media to SMS would increase their utility. But the rollout has been all but forgotten in the last 12 months. And we suspect that it will never quite land.
    We missed two major influences last year:
    1. TELCOs are getting ‘FAANGed’
    First, Facebook, Apple, and Google are (quietly) at war with the TELCOs. They have no reason to let users leave their ecosystems and return to the incumbent communications giants of yesteryear. This battle between TELCOs & FAAANG will delay and limit the effectiveness of RCS rollouts.
    2. Texting takes a lot of effort/attention
    Second, we’ve noticed an increase in the use of recorded voice messages (via WhatsApp, iMessage, etc).

    Discover all the latest trends:
    Contact Center Trends 2021

    This makes a lot of sense: It’s easier and quicker—and has more bandwidth—than a text message. And that’s part of the larger trend towards audio channels.
    Audio Media is back BIG TIME
    Did you know that the radio is the next big thing? It sounds crazy, but the media channel that started it all is back in vogue. Don’t believe me? What’s your favorite podcast?
    The podcasting industry topped $1billion in 2020 and is still growing around 20% a year. And that’s not counting audiobooks or listening to YouTube videos in the background.
    Besides the personal voice-recording we mentioned earlier, audio-only social media is making a splash this year. There are already dozens of audio-first social platforms (Audlist, HearMeOut, Listen, Riffr, Clubhouse, QuarantineChat, Rodeo, Chalk, Cappuccino, Clyp). And that’s just the ones we’ve heard about.

    As voice-enabled technology improves and text-to-voice rendering gets more human, the audio channel will regain its place at the head of the media family’s table. #cctr #cctrtrends #voicechannel Click To Tweet

    The sister of Snapchat’s founder has even launched an audio-porn site. And we all know that once porn gets on a platform, that platform usually takes off pretty quickly.
    As voice-enabled technology and devices improve, and text-to-voice rendering gets more human, the audio channel will regain its place at the head of the media family’s table.
    A Voice is the Human Connection People Crave
    The other place we will see a return to voice is the contact center.
    Email, bots, social media, and live chat all have their place in the experience hub of the future. They’re cheaper than voice and often all that a user wants. But it’s dangerous to delude ourselves into thinking that we can replace the voice channel altogether.

    Discover all the latest trends:
    Download Contact Center Trends 2021

    A phone call doesn’t require as much attention; You can do something else at the same time. I can’t count the number of times I’ve forgotten I was waiting for a response on a live chat and got cut off, only to have to start again. Sometimes, I would just call them instead of going through the live chat process.
    Finally, lockdown showed that people want a human connection — all the companies that tried to ‘bot’ people out suffered big time. There’s no substitute for a human voice when you have a complicated problem.
    In an increasingly digital world, humans will continue to seek out a human connection. And the companies that embrace this — instead of rebuffing it — will reap the benefits in the next year.
    The post Why the Voice Channel Will Crush Omnichannel Next Year first appeared on Fonolo.

  • What is Cloud Contact Center?

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  • 4 Phases to Launching New Products in an All-Digital World

    In our all-digital world, launching a new product looks a little different than it used to — but there are still lots of ways to do it successfully. All it takes is the right tools and strategies and a lot of teamwork. Here are the four phases that were critical to launching Pardot Premium virtually.

    Prep 
    Enable 
    Launch & Amplify 
    Measure & Repeat 

    Here’s a closer look at how we executed each phase.

    PHASE 1: PREPARE THE PLAN AND BUILD A TEAM 
    In a virtual environment, preparing for the launch, building a team, and over communicating the strategies with everyone involved was mission critical. 
    First, we secured approval of our new product name and message from our leadership and clarified our vision for the key launch activities we wanted to execute. 
    Next, we assembled a great team to ensure the launch would be successful. If you want to spread news about a new product, you have to teach the core group first, so they can incorporate the information and messaging into their own related initiatives. 
    To build out the team, we recruited representatives from every line of business ranging from enablement gurus, solution engineers, product managers, and social media magicians to community leaders, partner representatives, sales leaders, analysts, campaign managers, and more.
    With this Weekly Launch Quip Tracker Template as our guide, we met weekly on a virtual call to align on key deliverables and work as a unit to meet upcoming deadlines. 
    PHASE 2: ENABLE SELLERS AND GO TO LAUNCH WITH THE RIGHT PROMO ASSETS
    Our first set of deadlines involved our internal sellers. We hosted multiple training sessions where we enabled over 300 stakeholders, including more than 200 account executives and more than 85 solution engineers. Next, we made sure to enable key partners so that they were aware of the upcoming news and could help our customers realize the power of Pardot Premium. 
    Then, it was time to go to launch. To get the word out, we held a successful press event that was attended by 10 global media outlets and 20 analysts. The event has received 10 pieces of coverage to date, including in ZDNet and MarTech Today.
    After the press event, we shared the news about Pardot Premium on all of our news and social media channels — more than ten external assets in total. This included a data sheet, webpage updates, a new demo, and blog posts on both the Pardot blog and Salesforce blog. 
    PHASE 3: KEEP AMPLIFYING AFTER LAUNCH
    To bring our community of Pardot marketing champions into the conversation following the launch of Pardot Premium, we created a VIT Twitter campaign called #AskAdam. This gave our marketing champions the opportunity to ask Pardot founder and Salesforce executive, Adam Blitzer, questions about our products for a dedicated set of time, live on Twitter. It was also an engaging way to get the community involved and bring to light what was top of mind for customers and prospects. 
    The campaign featured 15 different Trailblazers and champions, and it resulted in a total of 66,000 social impressions and 1,400 engagements. Many of our champions have an incredible social media following — and by sharing videos of our executives answering their questions, they helped spread the word about Pardot Premium.

    On the sales side, after the launch of Pardot Premium, we ran broader sales training to help amplify the news across our entire sales team. This included a huge training session with hundreds of reps, for which we brought in industry leaders to discuss our customers’ most pressing needs and how Pardot Premium helps. This gave all our salespeople relevant talking points they could use to amplify our message.  
    To maintain enthusiasm with our internal teams post-launch, we also started showcasing early-deal win stories. We had a net new deal close within seven days of the launch, which drummed up a lot of excitement — and now, we’re doing deal support and smaller enablements for sales teams that request it as we move to release Pardot Premium in other markets around the world. 
    PHASE 4: MEASURE & REPEAT 
    Of course, we have pipeline and revenue targets that we’re forecasting for this particular product. Every day we’re thinking about new and innovative ways to bring Pardot Premium to market. 
    Every quarter, we build out a plan to continue with efforts that drive the most pipeline, and we’re delivering new programs, content, and support based on real-time feedback from our leadership, product, and sales teams. 
    Even this post is an opportunity to amplify our launch efforts! I also hope it inspires other marketers who are launching products virtually. 

    To help you in your virtual launch planning process, check out my Weekly Launch Quip Tracker Template and Weekly Launch Deck Template with examples from the Pardot Premium launch. 

    To learn more about Pardot Premium, read the blog post or watch the demo.

  • Reflecting on 10 Years of Building Buffer

    Today marks ten years since I launched the first version of Buffer. What started as a landing page to gauge interest, and then a very basic product that I worked on alone, has become so much more. Buffer is now a leading social media management platform and a team of nearly 90 people working remotely worldwide, with our own approach and culture.
    Reaching this milestone means a lot for me, and I thought it would be interesting to reflect on each year of the Buffer journey. As you’ll see, things have changed enormously over time, and I could not be more proud of where we are now.
    2010: After getting paying customers, I shifted the focus to marketing.
    I launched Buffer on November 30th, 2010. One of the things that inspired me to launch earlier than I may have otherwise, was an initiative someone started on Hacker News called November Startup Sprint. I decided to participate and committed to launching the first version of Buffer by the end of November 2010, which I only just accomplished. Something I learned from this experience is that you’ll always have additional features or fixes you want to finish before you launch, but actually putting something out there in the world is really what starts momentum.
    I employed many of The Lean Startup techniques in order to validate the problem and the existence of an audience before launching. Thankfully, these steps and a healthy dose of luck resulted in some strong initial traction for the product. I had the first paying customer within four days of launch.
    After the first paying customer, I took a step back, acknowledged that as a significant milestone, and decided a slight shift in focus was required. As an engineer, it’s easy to keep building, adding more features. I knew it was time to focus on marketing and further customer development. This is what led me to bring on a co-founder. It was time to keep the balance of development, marketing, and customer development with a product that had proved it was “good enough.” It was clear that there would be more people out there who would find value even at the early stage. This has been a valuable lesson I’ve tried to maintain: when the signal is there that the product is good enough, shout about it!
    Read more about how I went from an idea to paying customers in seven weeks.
    2011: Transitioning to working full-time on Buffer.
    2011 was a year of transition for me, from contract web development work to working full-time on Buffer. Before starting Buffer, I was doing what I called “working in waves,” a method to have enough funds to work full-time on a project for a certain period of time. The idea is that you work a full-time job or contract work for a set amount of time and then work full-time on your startup idea once you have enough funds to support yourself for a set amount of time. Having tried working in waves, I would not recommend it as a long term strategy. Read my thoughts.
    With Buffer, I was completely focused on hitting ramen profitability. I sensed that if I could get there, it would change everything. Ramen profitability describes a situation where you’re making just enough to pay your living expenses. For me, that first goal was £1,200 per month.
    We reached ramen profitability early in 2011, and I gradually dropped the number of days of contract development work I was doing as the revenue grew. My co-founder finished his college year and had the summer free to focus entirely on Buffer. We decided to get on a plane and travel to what we thought of as Startup Mecca, San Francisco. This was, in fact, my first ever trip to the U.S., which I now call home. Later in 2011, strong revenue growth combined with a year of working on Buffer and some great education from AngelPad allowed us to raise $450,000.
    2012: Becoming a fully remote company.
    Becoming a fully remote company is a decision I made in 2012. During the few months I spent focused on whether to commit to Buffer being a distributed team, I sought advice from many people. I received some of the best advice from David Cancel, whom I had the chance to sit down and chat with over coffee. His key insight was that in his experience founding several companies so far, he has found that two scenarios work well, while one doesn’t work too well. He advised that we either be fully distributed or have everyone in the same office. David said that the time he had a main office with most people there and only one or two people working remotely didn’t work so well.
    With this insight and further thinking, we became a fully distributed team. Here’s a screenshot from my email to the team sharing this news:
    An email to the Buffer team about becoming a fully distributed company.We immediately hired several people working remotely to quickly balance out the team from a group forming in San Francisco and ensure we were truly fully distributed. This was an immediate benefit to us, especially as a team focused on outstanding customer support since we quickly covered all time-zones. Read more about how I made the decision for Buffer to be fully remote.
    Becoming fully remote didn’t mean we never met up in person, though. Over the years, we’ve found ways to incorporate annual retreats into our yearly planning and have prioritized this key time together for brainstorming, talking strategy, and setting the tone for the year ahead. See more about our past ten retreats in this post.
    2013: Creating values and living by them.
    In 2013, as we became a team of ten, we decided to articulate and document our company values. At the time, I knew we had already formed a strong culture, so I polled the team to ask them how they would describe it. From there, we came up with our original Buffer values.
    The original ten Buffer values.One of our more unique values, default to transparency, which is the value that Buffer is known by the most, was put to the test this same year. In late 2013, Buffer was hacked. We shared transparently and quickly with our customers and the broader public what had happened and what we were doing about it. We alerted our community to the breach before knowing the source of it, and we provided updates on our progress every few hours for the first few days. Both our community and the public responded well to this openness, reinforcing my theory at the time that bugs and downtime can be a good thing, as long as they are rare and handled with great care.
    We further committed to this value by making our salaries transparent at the end of 2013, which resulted in a spike of applications for open Buffer jobs, and is a step I believe contributed significantly to growing our brand.
    Check out our transparency page to see a full timeline of transparency at Buffer.
    2014: Our largest acquisition offer and deciding not to sell Buffer.
    In the early years, we received a number of acquisition offers. The earliest offer we had for Buffer was not long after we had started, and it felt fairly easy for us to say no simply because we felt we had much more growth ahead and wanted to see where our path would lead.
    However, in 2014 we received our largest acquisition offer to date. It was a nine-figure offer from a public company, and it stopped us in our tracks and made us truly step back and reflect. For myself, my co-founder, and for most of our team with early-stage stock options grants, it would have been a life-changing outcome. An offer like that drives existential questioning, making you really think about the purpose and fulfillment of what you’re doing. Ultimately, we believed there was significantly more growth from where we were, and we have since increased revenue 6x. Beyond the growth potential, however, it was the culture and the movements we had become part of (transparency and remote work, in particular), which led us to turn the offer down and continue on our path. The most memorable advice we received during this decision process was from Hiten Shah, who asked us simply, “Are you done?”.
    Money will come and go, but experiences and learning is what I define as true wealth. This is why I try to frame a decision of whether to sell around the opportunities for learning and experience in each path. I reflected on how if I sold Buffer, I would sacrifice many future learnings. I asked myself if and when I would ever have the learning opportunity I did for the years ahead from that stage of Buffer. Here’s a longer post reflecting on not selling Buffer.
    I made the decision to continue learning with Buffer, and this is a decision I feel great about to this day. Instead of an acquisition, we raised $3.5 million in late 2014 with a secondary liquidity component, in part to remove the pressure to sell and help us go long. Here I am six years later, still energized and happy with my gradual return, so overall, I believe that worked out. More recently, I’ve been focused on finding ways to separate exit from liquidity for myself and the whole team. This helps us take a genuinely long-term view on the business.
    2015: Exploring self-management.
    In 2015, after reading Reinventing Organizations, the entire team voted and agreed to become self-managed. We reorganized Buffer into a completely flat structure. At first, this felt energizing and invigorating. There was a great sense of freedom and ownership. Over the course of a few months, things started to feel off. People were easily lost, especially those that had just joined Buffer. More experienced people often didn’t quite see a place to help out and share ideas around which direction a project could take. The amount of freedom people had, with absolutely no guidance, expectations, or accountability, was pretty overwhelming.
    Our self-management setup was a partial success for customers. One of the experiments we pursued during this time was to create a team specifically aimed at launching new functionality rapidly for customers. We launched Pablo, our popular image creation product, out of this team. The main challenge we found with these types of projects is resourcing, maintaining, and improving them over time. We’ve since become more deliberate about what we choose to launch rapidly while maintaining our culture of experimentation.
    We eventually decided to move away from self-management. This period will always hold a special place in my heart, though I believe ultimately we are better placed with some hierarchy and structure. It reinforced to me that it’s okay to try big experiments and to go in knowing that not all of them will work. This is a mindset we’ve kept at Buffer and has helped us continue to experiment with the way we work. This type of exploration and playfulness generally becomes harder to do as you grow larger, and the boldness, optimism, and curiosity that it requires is something that I’m committed to supporting.
    2016: Launching Reply, then facing cash-flow challenges and layoffs.
    Early in 2016, we launched Buffer Reply, which was the result of an acquisition and a lot of great work to adapt the product to make it feel like a Buffer offering. This was a bold move to expand beyond social media marketing and into social customer service. As a company, we had always held ourselves to a very high bar for customer service, and we found the tools out there for managing customer service on social media to be lacking. We had some success with Reply, and over the next few years, grew monthly revenue from $4k at acquisition to over $70k at its peak. Ultimately, we found that the need for customer service on social media was less widespread and didn’t develop as we imagined it may, and also found that we were spreading ourselves thin with taking on very different types of products and customer segments, so we sunset Reply in 2020. The experience of Reply increased our ambitions as a company, launched us to serving more than a single customer job, and paved the way for us to build a social engagement tool, which is coming in early 2021.
    After we concluded our self-management experiment, we felt a drive to grow the team more rapidly again. We ultimately grew from 34 to 94 people. With team growth, however, comes the need for new systems, and existing approaches start to show cracks and feel ineffective. Our revenue growth, while strong, didn’t keep pace with hiring, and we found ourselves in financial challenges.
    With the prospect of only five months of runway before depleting our cash reserves, we made the excruciating decision to lay off ten team members. What was more disappointing than anything was that this was totally within our control. It was all caused by the fact that we grew the team too big, too fast. We thought we were being mindful about balancing the pace of our hiring with our revenue growth, but we weren’t. One of our advisors gave us an apt metaphor for what happened: We moved into a house that we couldn’t afford with our monthly paycheck.
    A chart showing our bank balance projections for 2016.We made an important yet challenging decision to solve our financial challenges ourselves rather than raising a bridge round of funding to see us through. It was a painful process to go through, and I’ve now experienced first-hand the loss of morale, the negative impact on culture, and the erosion of trust that layoffs can cause. This is especially true for a small, tight-knit, and mission-driven team. With all of that said, I’m grateful for the personal and company growth that this enabled for us. We immediately leveled up our financial operations and set down a commitment to financial stability.
    This experience led us to truly figure out sustainability at Buffer and understand how we could be around long term. I believe we’re better off as a company for this and have developed some strong financial principles for our company, which have led to us being around and self-sustaining four years on. I’m proud of the results we have to show for these efforts. We’ve been profitable every quarter since we made these layoffs; eighteen straight quarters of profitability.
    2017: Recommitting to a single path, stabilizing the company, experiencing co-founder conflict, and the lows of burnout.
    2017 was perhaps the hardest year of the Buffer journey so far. After a difficult 2016, I focused on stabilizing the company, mending the erosion of trust with the team, and charting a clear, singular, and enduring direction for the company going forward. In the midst of this, significant conflict developed between myself and my co-founder, and several investors became involved in the disputes. This contributed to some of the lowest points of my career and experiencing severe burnout.
    In the earlier part of the Buffer journey, we were lucky to have it all: great growth, funding on fantastic terms, building a generous, positive, inclusive culture, and maintaining a lot of individual freedom. Over time, some of these things started to feel like trade-offs, and we started to debate our path. Rapid growth vs. freedom, focus on culture vs. product, performance vs. nurturing. I don’t fundamentally believe these things must be at odds, but in late 2016, it felt that way to all of us. My co-founder and I started to increasingly fall on different sides of these choices. What was once a beautiful balance of complementary strengths and opinions felt like constant misalignment and mixed messages to the team. After many attempts at finding common ground, we agreed we had grown apart and developed differing visions. In early 2017, my co-founder and our CTO both moved on from Buffer.
    After this significant change, I focused on stabilizing the company for the team and in terms of our financials. I articulated a clear path for the company focused on sustainable growth, product quality, and an empowering company culture. We had great revenue growth, and I made a decision to pause hiring for most of 2017 in order to build our profitability. We went from burning $30-150k per month in early 2016 to consistently generating more than $300k in monthly profit in 2017.
    After an initial amicable parting and starting to meet as friends rather than co-workers, we started to open up about lingering unsaid frustrations. With this, resentment started to grow between my co-founder and I, specifically around the timing and scale of liquidity he could expect. Admittedly, as the CEO of an 85+ person company just recently coming out of layoffs and significant leadership change, this wasn’t my top focus. All of this led to high stress, low energy and capacity, negativity, and stubbornness. This also drove challenges in my relationship with my partner, Jess. I’m happy to say we got through it and got married in 2019.
    Throughout all of this, I can look back and see that while I was exercising and keeping myself in good shape, as well as feeling optimistic about the future of Buffer, it was adrenaline that was carrying me forward. By the spring of 2017, the company felt much more stable, and the adrenaline was no longer needed. As soon as the adrenaline subsided, my body and mind could suddenly feel what it had worked through. That’s when burnout hit me, and I felt unable to function effectively. With great support from my leadership team, I took a six-week break to recharge and came back much better equipped to take on the rest of the year.
    Read my full experience with burnout here.
    2018: Spending $3.3 Million buying out investors.
    After recommitting to a path of long-term sustainability in 2017, I had conversations with our main venture capital investors, and it became clear that our choice of path was not a great fit for the investment. Thankfully, we had been open about this possibility when we raised the funding back in 2014, and so we were able to open up conversations about a way to move forward. These discussions were challenging and uncomfortable, but pushing ahead with them allowed us to ensure Buffer was set up to run independently in the long-term.
    These discussions, and over a year and a half of profitability, resulted in our ability to spend $3.3 Million buying out our VC investors. This was one of the most important decisions I’ve made in the Buffer journey so far. This was a key inflection point for Buffer that put us truly on a path of sustainable, long-term growth, and we’ve been better off for the significant increase in alignment in our shareholder base. I’m grateful to our VC investors for being open to this solution and to our many remaining investors who are excited about this unusual path.
    A timeline of funding history. At times, this move towards stability and setting ourselves up for the future has felt like a slow journey and has drawn focus away from customers, which I have found painful. With that said, this is foundational work on the core of the company — ownership — and has set us up to be able to be more customer-focused and have less distractions going forward. Additionally, it has helped us to maintain and continue to craft a company culture that puts people over profit, something I believe will pay dividends for years to come. With the benefit of hindsight, these decisions have driven long-term benefits for Buffer. For example, we figured out how to be profitable and sustainable, and as a result, we were better set up for unknown future events like the impact of COVID-19 and the global pandemic on our customers, team, and finances.

    2019: Creating balance and setting myself and Buffer up to scale sustainably.
    2019 was a different year for me in many ways. On the personal side of things, I established a routine living in Boulder, I got married, and refocused on hobbies like skiing. This was the year that I really worked on integrating my work and personal lives, rather than taking the early-stage mentality of sacrificing my personal life, relationships, and hobbies in order to spend more time and energy on work. While we had become financially sustainable, I truly believe this personal change made it sustainable for me to keep operating as CEO in the long-term.
    At Buffer, after two eventful and foundation-building years for the company itself, I decided to turn this thinking to my role. Something that clicked for me towards the end of 2018 was that I would significantly benefit from setting up a support system around myself. Without an active co-founder, it became that much more critical that I have other types of support to fill that gap. I decided to take a new approach this time, putting together a group of people rather than relying on a single person. In late 2018, I brought on a new Executive Assistant and tasked her with helping me to form this support network, which I decided would include a coach, a financial advisor, and regularly connecting with other founders. In addition, I was regularly meeting with a therapist since mid-2017. By the end of 2019, this support system was fully established, and I am confident this group has made me a better leader over time.
    2019 also marked the beginning of starting to reflect on my role, and the initial step I took towards the end of the year was to make a decision to hire a Product leader. This was the final area of the company I chose to fully let go of, and we recently brought on a great CPO to lead us and level up our product strategy, quality, and operations.

    2020: Building a resilient company and taking a step back to think about purpose.
    We are almost at the end of 2020, and I think calling this a tough year would be an understatement for many. This year our focus was on building a resilient company.
    I started the year traveling and taking some time off in Thailand and New Zealand. As part of this, I had a chance to step back and start to reflect on what we had achieved and where I may want to take the company next. A level of clarity started to emerge about the type of customer, and type of company, that I feel energized to work towards.
    Of course, by the end of February, COVID-19 was taking hold and already starting to impact many countries around the world. We were lucky at Buffer, as a fully distributed team with several people in Asia, that we had an early warning, and it became clear quickly that this would be a global challenge. We canceled our upcoming company retreat to Greece and started to focus on how to get the company through this period as unscathed as possible. Our mantra for the year became resilience, with a focus on people over profit and mental well being. A key decision I made was that I wanted to get through the year accruing the least debt possible in terms of impact on the team, issues such as burnout, customer satisfaction, and our financial position. We set up a COVID-19 customer assistance program, reduced some of our performance criteria and deadline focus, and implemented a 4-day workweek pilot.
    This year, we experienced the worst customer churn we’ve ever seen at Buffer as thousands of our small business customers struggled to adapt and survive. We saw a consistent decline in revenue from mid-March to mid-June, and throughout that period, we crafted countless new projections and scenarios to ensure we could emerge in a strong position. Thankfully, the decline eased off, and since mid-June, we’ve seen modest growth.
    With the financial impact of the pandemic stabilizing, I was able to turn back to some of the reflections I had around Buffer’s purpose and my CEO role. I worked with my coach and arrived at clarity that what we’ve always been focused on at Buffer is helping small businesses to succeed and do good along the way by providing tools to grow and serve an audience and inspirational content to rethink how businesses are built. As for my role, I’ve realized that the next key evolution is in truly reflecting on the work that energizes me versus the work that drains me. I love to focus on the high level of bold vision and strategy and the details around customer experiences and our culture. The in-between of operations and keeping the train running on time is less fun for me. I’ve been shifting my role, and Caro, our Chief of Special projects and someone I’ve now worked with on Buffer for over eight years has been stepping into operations to give us the best long-term outcomes.
    One of our all-hands meetings.It’s been powerful to take a step back and reflect on ten years of building a company. Looking back, there are a few additional observations I want to share.
    In the early days, it’s easy to treat a startup as a sprint, but it’s really a marathon. It’s vital to pace yourself and take care of yourself. Regular rest is a necessity, and I’m going to continue to work towards incorporating rest and true vacations into my annual cycle. Additionally, as with life, there are seasons to a company. There have been stages of growth, market changes, and role evolutions. There are always periods with different focuses, and it is a continual journey towards ideal equilibrium.
    I’ve learned that it’s hard to grow without compromising, and after doing so, you might have to work to find your purpose again. This is an example of the hard work it takes to create something enduring. If you are to be successful long-term, you have to take time to reflect and rediscover your passion, and sometimes make some bold changes to get back on track.
    I’ve been fortunate and privileged and have achieved more than I could ever have dreamed of. I’m proud that Buffer has reached the 10-year mark and that with the help of many people, I’ve created a company that gives meaningful employment to over 85 people across the world. We’re far from perfect and still have much to improve and learn, but there’s a time to catch your breath and say, “we’ve created something awesome.” We have many people on the team who have been part of this wild ride for six, seven, even eight years now, and this blows my mind. It’s a significant part of any person’s life to spend working on something, and I couldn’t be more grateful to those people.
    As I look ahead to 2021, while I’ve learned that it never gets easier, it’s always interesting, and there is never a dull week. My admiration for long-term companies has grown significantly. I find myself fascinated by companies that exist for decades and even more so by founders who find a way to keep evolving, increasing their ambition, and remaining energized.
    I’m excited to continue on this path of long-term sustainability and thankful to have an incredible team to work with, thousands of happy customers, and a foundation of profitability. It has felt liberating to have a structure that allows us to think in terms of years rather than quarters. I’m ready to dig in for another decade and see the heights we can reach and the value we can provide.
    Whether this is the first post of mine you’ve read, you’ve been following along since the beginning, or you’re somewhere in between, thank you for taking the time to read this as I reflect on this big milestone in Buffer’s history. I’m so thankful for the incredible community and customers we have around us that let us continue to do what we do every year.

  • The Top 5 Reasons Brands Make Videos [New Research]

    Video is fast-becoming the preferred tool for most marketers to connect with and reach new audiences.
    Video marketing is undeniably effective, too — in fact, including a video on a landing page is capable of increasing conversion rates by over 80%, and the mere mention of the word “video” in your email subject line increases open rates by 19%.
    But, even if you already know about the importance of video, I’m willing to bet you aren’t completely aware of how other brand’s are using video … or, more importantly, why.
    Each business will use video for a completely different goal — ranging from increasing brand awareness, to boosting SEO.
    Here, we dove into new research from Wave.video to explore the top five reasons brands use video. Hopefully, these statistics will inspire you to use video in new, unique ways in 2021 and beyond. Let’s dive in.

    1. Brands use videos to increase brand awareness.
    Video can help your business reach new audiences and attract new viewers to your social media pages and website, which is likely why “increase brand awareness” is the number one reason brands use video.
    Take this video from Tasty, a Buzzfeed brand:

    Ultimately, Tasty’s video isn’t meant to sell any products (at least, not directly) — instead, it’s simply meant to entertain new audiences and, ultimately, increase awareness of Tasty’s brand.
    2. Brands use video for new sales.
    Consider how you might create entertaining or informative videos with the sole purpose of increasing brand exposure. Ultimately, brand awareness can foster trust and increase brand equity, so it plays a critical role in your company’s bottom line.
    To highlight this point, let’s start with an example. Take a look at this video, highlighting Kate Hudson’s company, Fabletics, below:

    While at first glance it might look like a somewhat-random video of Kate Hudson running through the Aspen wilderness, it’s actually an effective example of a video with the purpose of increasing sales — without appearing like, well, an ad.
    For instance, while the video portrays Hudson in a range of workout gear from her October Fabletics collection, it also incorporates an exclusive interview with the celebrity to discuss family, nature, and growing up in the mountains. Add in a gorgeous Aspen backdrop, and viewers might be fooled by the true purpose of the video: to sell Fabletics clothing.
    Consider how you might also create a unique, compelling video to attract new prospects and even close sales deals.
    3. Brands use video to grow a social media community.
    Did you know that four of the top six channels on which global consumers watch video are social channels?
    Ultimately, many marketers use video to attract visitors to a company’s social pages.
    Consider, for instance, this #ShaveItOff video by Gillette partner The McFarlands:

    @the.mcfarlands
    The scruff was getting rough. It was time to ##ShaveItOff and now it’s your turn ##GillettePartner
    ♬ Grammarg – BLVKSHP

    While the video is undoubtedly entertaining to watch, it also serves a powerful purpose: to send some of The McFarlands’ 2 million followers back to Gillette’s own social channels. Best of all, the hashtag #ShaveItOff can be found on Gillette’s Instagram page as well, ensuring viewers can find the brand regardless of which social channel they prefer.
    4. Brands use videos to educate customers.
    Video can be an incredibly effective tool for education.
    HubSpot Academy, for instance, often uses YouTube as a platform to educate its viewers. Oftentimes, HubSpot will even collaborate with thought leaders like Seth Godin to add a new perspective on a topic:

    Many people learn best through visuals, which is why video can be a phenomenal tool for educating prospects and even customers.
    Consider how you might incorporate educational videos into your own content strategy in unique ways – for instance, perhaps you include video demos for interested prospects, or how-to tutorials for new users of your product.
    5. Brands use video to build brand authority.
    Similar to the reason listed above, the fifth reason brands use video is to build brand authority on a subject, and demonstrate expertise.
    Ideally, this means when people are searching for help on a certain topic, your brand will show up. After watching your videos, if viewers feel they’ve gained unique insight, they’ll trust your brand more and explore other offerings.
    Consider what happens when I search “How to run a vlookup” in Google. When I click on the video section (since I prefer learning about vlookups through visuals like video), Microsoft is the first two video results:

    In this example, Microsoft is demonstrating its brand expertise when it comes to its Excel product — and, more widely, anything related to technology and data. This provides Microsoft with a good opportunity to showcase its brand authority while attracting new visitors to its website.
    And that’s it! The top five reasons brands make videos. Take a look at The Ultimate Guide to Video Marketing to learn more about how you can create a powerful video marketing strategy for your own brand in 2021.

  • How to Write About Your Professional Background

    A great way to share more about your background is to have a prepared document, like a professional bio.
    A professional bio can be shared with prospective employers, your colleagues, included in your social media profiles, used for speaking engagement announcements, or used as an author bio on a blog.
    Writing about your professional background for the first time may feel challenging or awkward, but it doesn’t have to be.
    Here, we’ll explore some tips to help you feel more comfortable when writing your own professional bio. Let’s dive in.
    What is a professional background?
    A professional background is a summary of your professional experiences —coupled with any relevant personal information, including interests or passions — that you’ll use throughout your career as you network with industry peers, apply for new roles, or seek out thought leadership opportunities. 
    This includes previous jobs you’ve had, successful projects you’ve worked on, significant accomplishments like promotions or awards, professional networking organizations you belong to, and anything else you’d share with someone who wants to know more about you professionally.
    Not only is sharing more about your background a great way to tell more about yourself to others, it’s also an opportunity to wholly reflect on your professional journey and the goals you’ve achieved — plus, what you hope to achieve in the future.
    Next, let’s dive into how you can get started. 
    How to Write About Yourself
    1. Don’t start from scratch.
    If you’re having trouble figuring out where to start, try using a professional bio template to guide you. Templates, like the ones featured below, make it easier for you to focus on your personal information and accomplishments, without having to worry as much about the structure.
    Featured Resource: Professional Bio Templates and Examples

    Download the Templates
    2. Know your audience.
    Take into consideration who will be reading your professional bio and cater to your reader.
    You may also want to draft different versions of your document to best fit specific audiences. For example, the version you post on your LinkedIn may not be as detailed as the version you post on your personal website, and if your reader is a potential employer, it would help to include details that specifically highlight why you’re the best candidate for the role for which you’re applying.
    HubSpot Founder Dharmesh Shah uses different bios for different platforms. On Twitter, for instance, Dharmesh’s bio is short and sweet, which is perfect for Twitter’s character limit.

    Alternatively, on INBOUND’s website, Dharmesh’s bio is written in third-person for attendees. This bio makes Dharmesh’s current role clear while providing some key background information.

    Finally, in his OnStartups bio, Dharmesh’s voice is personable since he’s speaking directly to the reader. This gives readers more insight into Dharmesh’s background directly from his perspective.

    The best part about this approach is that you can create as many versions of your bio as you’d like, or simply recycle a general version whenever you need it.
    3. Show professional progression.
    As you’re writing, think about structuring your professional bio in a way that creates a timeline to show your progression. Explain what your different roles were like, and emphasize responsibilities that set you up for success in your latter roles.
    It’s important to note that your timeline doesn’t have to be linear.
    “Look for a theme that runs throughout several of the jobs you’ve held, and present your choices in a way that shows common threads running through each of your career decisions,” explains career strategist Jenny Foss.
    The goal is to clearly show your audience the different roles you’ve had, and how all of your experiences have contributed to your overall professional development.
    4. Highlight your accomplishments.
    One of the best things about writing about your professional background is that it’s the perfect opportunity to brag about yourself — and I don’t mean humble brag.
    Think of the most successful projects you’ve been part of, the strategies you’ve helped develop and execute, the deals you’ve closed, the revenue you’ve generated, and anything else that stands out as a major accomplishment.
    “A former manager once told me to keep a ‘brag sheet’ in a document on my computer. The idea was to create a running list of noteworthy accomplishments, media mentions, awards, and letters of recommendation that I could reference to make it easier to write about myself. It also doesn’t hurt to open up this document whenever you’re having a tough day to remind yourself what you’re capable of,” Carly Stec, HubSpot’s Manager of Channel Monetization, told me.

    It’s also important to consider how success was measured in your previous roles — and how that might shape the way you write about it.

    If success for you tends to be measured in quantifiable metrics include strong statistics, it might look something like this:

    “In my first six months I was able to sign up X amount of customers that generated an average monthly recurring revenue of $X.”
    “I helped boost customer retention by X percentage.”
    “With the strategy I developed my team was able to lower customer acquisition costs by X percentage.”

    If your role is primarily measured through qualitative goals, share a highlight that speaks to skills you excel at:

    “I successfully managed executing a major project with strong time management skills and excellent communication with several stakeholders.”
    “I was able to complete a project that was projected to take an entire quarter in half the time because of my organizational skills.”
    “I was selected to lead a database cleanup project due to my attention to detail and strong team collaboration skills.”

    5. Be personable.
    Timelines and accomplishments are great, but being personable is even better.
    Readers should feel like they’re getting some sense of who you are from your professional bio. This gives readers the opportunity to know more about you beyond a professional scope. If you have any cool niche hobbies that you enjoy outside of work, this would be the time to share.
    Here’s a list of prompts to help you brainstorm the right “fun facts” to highlight:

    What TV show are you currently binging?
    Do you have any pets?
    What’s something most people don’t know about you?
    What languages do you speak?
    What are you most proud of yourself for?
    Share something you’ve done that bucket-list worthy
    What do you do to relax?
    What are three of your must have apps?
    What would your favorite colleague say about you?
    What’s the best advice you’ve ever received and how do you apply it to your life?

    Being personable is also a great opportunity to address any unconventional moments in your professional background. For example, maybe you’ve made a drastic shift in your career path, or you took a sabbatical at some point.
    These types of stories can really help make you more relatable to your audience, and you never know who you may end up connecting with over one of your hobbies or more personal moments.
    6. Ask for feedback.
    Constructive feedback is key when you’re writing about yourself. While many choose to source feedback after completing a draft of their bio, it’s just as beneficial to get feedback from your peers at earlier stages of your drafting process.
    Oftentimes, our peers can help identify our strengths and where we have opportunities to improve. If you’re having trouble developing a clear timeline or pinpointing which highlights you should mention, get together with a peer to brainstorm ideas.
    Reflect on successful assignments that you’ve collaborated on and ask your peer to provide honest feedback about what you did best — and include that feedback in your bio.
    If you need help getting started, here’s a list of discussion questions to use with your peers to uncover professional strengths you might be overlooking in your own self-assessment:

    What role do you think I tend to play in group work?
    How have I helped you be more successful?
    What do you think my most impressive project has been?
    What was your first impression of me?
    What do you think my strengths are?

    Ready to start writing?
    Keep these tips in mind as you’re writing about your professional bio. Your final product should be a written statement that boasts your most notable skills and achievements. As you continue to progress in your career, take time to update your bio like you would your resume, and continue to impress your readers.
    And remember, if you’re feeling stuck, don’t be afraid to leverage our free professional bio templates to help you get started.

  • The monopoly distinction

    At enlightened companies, leaders are smart enough to ask, “how do we make things better for our customers?” They realize that this simple ratchet leads to loyalty, word of mouth and more customers.
    At monopolies or companies that seek to act like them, the question is, “how do we make things better for us?”

  • 9 Social Media Trends Marketers Should Watch in 2021 [Data + Expert Tips]

    As we near the end of 2020, one thing is certain: We’ve spent a lot of time on social media this year.
    But, our increased connection to social media isn’t at all shocking.
    In March, as countries implemented stay-at-home orders due to the global pandemic, Statista reported a 21% uptick in monthly social media usage.
    Throughout the year, consumers have not only continued to use social channels to catch up with loved ones, but they’ve also embraced them for product research, the latest news coverage, and hours of mindless entertainment. 
    Now, as the world hits 3.6 billion social media users and continues to deal with the pandemic, brands aren’t just wondering how they’ll engage huge social media audiences next year. They’re also asking, “What social media trends should I expect in this constantly changing landscape?”
    To learn more about what brands can expect next year, I spoke with HubSpot’s Social Media Manager Kelly Hendrickson and dug through research including HubSpot and Talkwalker’s Social Media Trends Report.
    Below, I’ve compiled nine expert or research-backed trends social media marketers should watch or leverage in 2021.

    1. Brands will continue to take a “less is more” posting approach.
    This year, many brands spent less time churning out social media posts and more time producing only content that felt thoughtful, valuable, and in-touch with the world around them.
    According to Hendrickson, the trend of “less is more” is likely to continue in 2021. 
    “COVID-19 had brands starting to ask a question they may have never asked themselves before: ‘Does my audience even want to hear from me right now?’,” Hendrickson says.
    “I expect we’ll see brands being more thoughtful about when they post. This may even mean posting less — regardless of algorithms — because it’s the right thing to do,” Hendrickson explains. “There will also be more thoughtful ad buys and partnerships.”
    “Never before has ensuring your audience obtains true value from your brand meant so much,” Hendrickson adds.
    2. Content value will beat production quality.
    When many businesses were forced to go completely remote in 2020, social media and video marketing teams needed develop scalable production processes that could be done from home. 
    When consumers still continued to engage with videos, live streams, and other social media content that was clearly made from home offices, marketers realized that content with lower production quality can still be engaging — if it provides value. 
    “COVID19 forced many brands to get scrappy when it came to producing content, especially video work,” Hendrickson explains. “Without a production studio or tons of equipment available, production value became a bit more lo-fi and in the end, but also a bit more human.”
    “The exciting thing for brands is that — generally — audiences loved it. If anything, they saw themselves more in the work,” Hendrickson adds. “They too were on Zoom, filming things with their phones, or stuck in their homes.”
    Hendricks predicts that “we’ll see bare bones productions in 2021. But, audiences will continue to appreciate it.”
    3. Conversational marketing will change its tone.
    Conversational marketing isn’t new. In fact, most of the big brands we know and love allow you to connect with them via social media messaging channels at any time. 
    But, in 2021, with more messaging channels than ever — and consumers needing more information to make a worthy investment —  the tone of digital conversations might change. 
    For example, while past conversational marketing tactics centered around promotions and making sales as quickly as possible, 2021’s conversational marketers might be more focused on helping a user with something, educating them about a product, and nurturing them to conversion with a more thoughtful or empathic tone.
    “Brands need to be more human on social media, inviting the world to your dinner table for a meaningful and engaging conversation,” says Aaron Kaufman, Director of Social Media at Square Enix in our Social Media Trends Report. “You are your fan’s greatest fans and need to embody that no matter what social media channel you live on. Emote, respond, recognize, relate, be engaging. We’re not robots.
    So, how will brands deal with more demand for thoughtful conversational marketing? A mix of AI tools and human interaction could help. 
    A healthy combination of AI and human interaction could enable brands to run efficiently on social media while still giving consumers the authenticity they need to see to trust a brand and make a purchase. For example, a bot could handle quick message queries, while sales, service, or community management reps could respond to more complex questions and concerns. 
    To learn more about scaling up your conversational marketing strategy, check out this guide to building a chatbot or learn how HubSpot increased qualified leads with by mixing human and bots in our conversational marketing.
    4. Consumers will crave snackable content.
    In 2020, we saw the rise of TikTok and Instagram Reels, continued engagement on Stories content from Facebook, Instagram, and Snapchat, and brands creating other short-form or “snackable” pieces content to educate consumers about their brand. 
    As social media attention spans continue to shrink and more people scroll endlessly through feeds while bored at home, don’t expect snackable content to lose steam anytime soon. 
    To learn more about four types of snackable content your brand should leverage next year, check out this helpful post. 
    4. Video will continue to take center stage. 
    Early in 2020, HubSpot’s Not Another State of Marketing Report found that video was the most commonly used marketing content — and the second most engaging content type on social media. 
    Image Source
    As major platforms, like Facebook, Instagram, TikTok, Twitter, and LinkedIn increasingly amp up their video capabilities, marketers can expect high video consumption to continue and grow in coming years. 
    5. More brands will go live.
    In 2019, one in five Facebook videos were live. In May of that year, YouTube users cumulatively spent 284 hours watching live video.
    In 2020, as many brands were forced to take conferences, events, and other marketing experiences online, it’s not shocking to think that 2020 live stream numbers could be higher. 
    At the moment, many brands are using Facebook, Instagram, Twitch, and Twitter to live stream events, Q&As, tutorials and other types of content. These types of content keep your followers engaged with your brand by bringing an event they otherwise might not be able to attend directly to their screens.
    For example, each year, INBOUND interviews some of its noteworthy speakers and guests in live INBOUND Studio episodes on Facebook. This allows followers who can’t join us to get live tips from experts. It also allows followers of interviewed experts to learn more about INBOUND and HubSpot.

    To learn more about going live online, check out this guide to live streaming, as well as these tips for marketing your next virtual event. 
    6. Social media platforms could double as shopping channels.
    As many brands learned how to do business completely online, platforms like Facebook, Instagram, Twitter, Snapchat, and TikTok raced to develop more online business marketing solutions.
    While TikTok and Snapchat expanded business marketing offerings in 2020, Facebook and Instagram actually brought shopping capabilities directly to their apps. 
    With Facebook Shops, Instagram Shoppable posts, consumers can buy a product seen in a post without even leaving the app they’re on.
    For consumers, this adds convenience. For brands that couldn’t build their own ecommerce store, the online shopping tools noted above are providing new opportunities to effectively sell products online. 
    8. Social media users will embrace gaming and VR.
    In the last year, the number of social media users who identify as “gamers” increased by more than 10 million — or 32%. Our Social Media Trends Report reveals that the highest uptick in gamer identification happened in COVID-19’s heaviest lockdown months.
    Now, with Facebook’s company, Oculus, launching new VR products, Twitch continuing to expand online game-streaming capabilities, and platforms like Snapchat launching mini-game apps, it’s clear that gamification and social media will continue to go hand in hand in 2021. 
    As a small to medium-business marketer, gaming-related promotions might be inaccessible now, but with Facebook and other major platforms continuing to launch brand tools around their newest features — it’s not shocking to think that more social media in-game advertising opportunities could be possible in the future. 
    Brands should keep an eye out for game-related promotions in 2021.
    Even if advertorial game content becomes available to big brands but not smaller companies, marketers can still watch what bigger companies are doing and hit the ground running with fresh ideas if gamified promotion become more scalable.
    9. Authenticity will be vital.
    This year, consumers and brands faced a global pandemic, uncertain financial times, and a number of major events that paused nations in front of news channels.
    Now, consumers need more than just great deals to trust, identify with, and invest in a brand. At this point, many brands have taken notice by embracing authenticity and their human side on social media.
    While some brands have spoken directly about their thoughts related to COVID-19 or other news items, others have shown authenticity by zoning on their customers through user-generated content or customer testimonials. 
    When done authentically, both strategies can help brands gain trust from their audiences while boosting awareness as a company that cares about people.
    “We will continue to see the growth in creators inthe social media space. Influencers will continueto be present, but accountability, authenticity,and transparency will be the areas brands andcompanies will use to determine who to partnerwith, and who to pass on,” says Karen Freberg in our Social Media Trends Report. “Empathy and advocacy will be elements that will be integrated within messages and purposes for creator campaigns. The days of ‘faking it till you make it’ without any experience other than having lots of followers are over.”
    In 2021, expect authenticity to take center stage on social media as successful brands continue to build trust from their audiences.
    Navigating Social Media in 2021
    Today, the world around us is constantly changing. And, although we think we know what to expect with social media, this list of trends is likely not exhaustive of what we’ll see in 2021.
    As a social media marketer, the best thing you can do is to continue to research trends, online consumer behaviors, and your team’s social media data to determine which trends or strategies to lean into or how to navigate unprecedented online scenarios. 
    One great place to start doing this research could be our HubSpot and Talkwalker’s recent Social Media Trends Report.
    Along with insights and quotes from social media experts, our Social Media Trends Report walks through all the major 2021 trend predictions to know about and data on how COVID-19 could impact social media marketing. to see the free report, click here or the banner below.