5 • 145 Ratings
🗓️ 14 October 2021
⏱️ 32 minutes
🧾️ Download transcript
**This episode is brought to you by MuteSix, Gorgias, and Attentive**
“You have to do it sooner than later,” says Ben Parr, who is the president and co-founder of Octane AI, “because every day you're not collecting data, you’re missing an opportunity.” In the second half of this Feature, he continues that not all brands are using zero-party data. According to him, capturing zero-party data will be better for the brands but also the consumer.
He mentions that zero-party data is optional information that the consumer willingly provides to a company that could then be used to improve the user experience. Ben also explains that any brand can use their products; however, there will be a different experience depending on size. He suggests that when starting, first, begin collecting data by setting a conversational pop-up. Next, ask for an email and then recommend products.
Ben advises that you're only as strong as the team since he's grateful to his co-founder. When it comes to building a product, he believes that one should be embarrassed by the first version but continue testing, learning, and talking to more customers to improve the product. Lastly, taking a break is essential as well.
He talks about:
* Their products
* Customer criteria
* What onboarding looks like
* His recommendation
* Challenges of joining a tech firm for a journalist
* Advice for entrepreneurs
Join Ramon Vela and Ben Parr as they break down the inside story on The Story of a Brand.
For more on Octane AI, visit: https://www.octaneai.com/
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0:00.0 | Now we worked with them and they like create an email sequence to like you know personalize me sound like are you a first time or not and use that information to change which email you get in a welcome series or reference you know like |
0:12.3 | Like one question they ask is very clever is like what's your favorite cartoon and actually based on your cartoon it can get a sense of the age range because you're a fan of Sailor Boone versus, say, the fairly odd parents are going to be in different age brackets, most likely. |
0:26.2 | And they use that information to personalize, like, even since it's like a personal reference of like your favorite cartoon. |
0:32.9 | And that too, like, has a big impact on consumers. |
0:36.7 | And we actually found that like that personalized emo |
0:39.1 | sequence increased their like revenue |
0:40.6 | from their welcome series by 30 to 40% plus like, |
0:44.4 | interesting. |
0:45.0 | And it didn't take a lot of work, |
0:47.3 | you just have to go and collect the data. |
0:49.9 | We have a customer like Carl Smith. |
0:52.3 | They use like conversational pop-ups |
0:53.7 | to help guide their customers |
0:54.9 | what they're looking for and that drives like i think like half of their revenue then there's a bunch |
1:01.2 | of customers where like half of the revenue come from us and it's like crazy like we've seen an |
1:05.2 | exponential increase in the amount of revenue that comes from like octanei experiences. |
1:15.5 | Glamatics, another good example where they have like, I think, four or five different kinds of quizzes like for gift finders, different types of lashes, different types of things. |
1:19.8 | You know, we see just like super interesting things happening with a lot of breadth where they |
1:25.4 | get more and more creative with like different types of quizzes that they want to go and ask and like send out to their like customers in their campaigns. |
1:31.3 | But like I think especially the vast ones are like starting to integrate it into their email campaigns and their SMS campaigns. |
1:37.3 | And that's where you really unlock the super huge value and just frankly the vast majority of brands are not yet doing it. |
1:45.0 | And the ones that are doing it are just going to make a lot more money and are already |
... |
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