Profile
Joe Abbott

Joe Abbott

VP of Product Marketing, Brex
About
Marketing leader and strategy consultant with 10+ years of experience in B2B SaaS. – Currently VP of Product Marketing & Growth at Brex ($12.3B valuation) – Marketing advisor at Altruist ($1.5B valuation); launched new category of RIA software – L...more

Content

Joe Abbott
Joe Abbott
Brex VP of Product Marketing | Formerly Ramp, Zendesk, ThoughtSpot, OracleJune 23
Competitive research is a critical step before you even start your messaging and positioning exercise — I see it as an input rather than an output. I have a few favorite messaging frameworks and usually combine my favorite elements into one. Geoffrey Moore's classic FOR...WHO...PROVIDES...UNLIKE...ONLY framework (not sure where this originated) is a solid start for messaging. For personas, we build cards that cover demographics, sensibilities, responsibilities, pain points, motivations. There's no wrong way to do it but for enablement and internal education, it's best to distill into something easily consumable.
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2587 Views
Joe Abbott
Joe Abbott
Brex VP of Product Marketing | Formerly Ramp, Zendesk, ThoughtSpot, OracleJune 23
This is a really great question. For stealth products that are competitive in your sales cycle, it's worth asking your sales team to try to gather information from prospects that are evaluating your competitors. Alternatively, you can dig around the internet - suprisingly, Twitter threads and Reddit forums can be just as useful review sites like G2. I'll go back and say - this is why it's so important to do thorough market research and define super sharp brand positioning pillars with truly unique claims. Makes playing defense so much easier.
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929 Views
Joe Abbott
Joe Abbott
Brex VP of Product Marketing | Formerly Ramp, Zendesk, ThoughtSpot, OracleJune 23
Ideally, your brand positioning pillars are unique enough individually or in combination with each other that competitive positioning is baked in. Effectively enabling sales is about educating them on the landscape and competitive buckets (read answer above re: putting all your competitors into distinct categories you can more generically position against). Then when it comes to your Tier 1 competitors, it's all about training the sales team and making battlecard content super easy to find. Bring the energy, show them a side-by-side demo if you can to give them confidence, and personalize your competitive differentiation for each sales role (e.g. SDRs need a one-liner, Senior AEs may need you to explain product differentiators). That, combined with compelling assets, is a winning strategy. You can measure effectiveness of competitive positioning at different stages of the funnel. For example, if you have competitive landing pages you could A/B test messaging changes to see if there's a lift in conversion. Further down-funnel (this takes more time), you can do before-and-after analysis of competitive win/loss rates.
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868 Views
Joe Abbott
Joe Abbott
Brex VP of Product Marketing | Formerly Ramp, Zendesk, ThoughtSpot, OracleJune 23
I'll start by saying - having a solid competitive positioning framework with a few buckets for your entire universe of competitors helps immensely. I think this is the only way to build a competitive function from scratch with a lean team. e.g. Competitor X, Y, and Z fit into Category A and can generally be positioned against this way, Competitor Y fits into Category B and can be positioned against that way. The next step is using the right tools and automation to stay informed about top competitors. One easy (and probably obvious) way is to subscribe to social and RSS feeds mentioning competitors to stay on top of new messaging, content, and press releases. Alternatively, tools like Crayon, Klue and SEMRush can be immensely helpful here once your competitive function is well defined and you're ready to invest seriously.
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733 Views
Joe Abbott
Joe Abbott
Brex VP of Product Marketing | Formerly Ramp, Zendesk, ThoughtSpot, OracleJune 23
Positioning is the DNA of your differentiation and messaging is how you bring that to life with your brand's unique personality. Positioning establishes context (for who? what benefit or outcome?) and messaging is the way you communicate or express this unique position to your target audience. I'll try using the classic iPod example - Positioning: A simple, stylish and innovative portable digital music device that appeals to young adults who are tech savvy and have a passion for music (kind of cool, but straightforward) Messaging: 1,000 songs in your pocket (really cool, concise, tangible, powerful)
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705 Views
Joe Abbott
Joe Abbott
Brex VP of Product Marketing | Formerly Ramp, Zendesk, ThoughtSpot, OracleJune 23
I think the only correct answer here is not as often as we'd like :) We typically rely on good old fashioned interviews and questions can vary depending on whether it's for customer references, beta product feedback, or buyer research. So, generally point in time. Customer inputs are critical across the board, here are a few examples: 1) informing the product roadmap (some feedback may not be shared in a PM interview context), 2) informing messaging for your website (use the words your customers use), 3) defining your buyer journey and decision-making criteria for sales enablement.
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559 Views
Joe Abbott
Joe Abbott
Brex VP of Product Marketing | Formerly Ramp, Zendesk, ThoughtSpot, OracleJune 23
This one is tricky because I think there's a tendency to want to boil the ocean and do everything for every competitor. Some combination of market research and competitive win/loss analysis should help you create a few different tiers of competitors. My rule of thumb is no more than 3 competitors should be in your first tier and this is where you should really focus your efforts and train sales. Everyone else can fit into a category of competition, and if your core brand/product positioning is differentiated enough, you can position against them more generically. Super important to be open to sales feedback though, especially as your buyer/segment changes or market evolves.
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498 Views
Joe Abbott
Joe Abbott
Brex VP of Product Marketing | Formerly Ramp, Zendesk, ThoughtSpot, OracleNovember 12
How PMM interfaces with marketing campaigns is highly variable depending on company size and marketing team structure. But in most cases, PMM is the industry, customer, and product expert and is best suited to design and orchestrate the campaign across channels. For a campaign focused on creating new sales opportunities, we try to focus on the 2-3 key conversion points along the buyer journey that lead to pipeline creation. 1. Unaware > Aware: Email open rates, ad CTR, brand impressions (social) 2. Aware > Interest: Email reply rates, landing page conversion rates 3. Interest > Opportunity: Meeting to opportunity conversion rate, avg number of pre-pipeline meetings
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361 Views
Joe Abbott
Joe Abbott
Brex VP of Product Marketing | Formerly Ramp, Zendesk, ThoughtSpot, OracleNovember 12
It really depends on the initiative and the top-down business objectives driving said initiative. In general, most product marketing efforts aim to increase demand, sales efficacy, or product adoption. I'll pick two for each category of work. 1. For demand related work like major product launches or web projects, we like to look at top of funnel metrics like organic traffic and conversion rates. 2. For sales enablement efforts, it most often boils down to average deal size and win rates. 3. For adoption work streams, it's usually either product (SKU) attach or feature activation (as % of total customer base). This is of course acquisition motion dependent (PLG vs. sales-led and everything in between) and you can always drill down to more granular metrics. But we like to focus on the highest order north star metrics.
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360 Views
Joe Abbott
Joe Abbott
Brex VP of Product Marketing | Formerly Ramp, Zendesk, ThoughtSpot, OracleNovember 12
Content management tools like Highspot and revenue intelligence tools like Gong are hugely beneficial to product marketing teams trying to demonstrate impact on revenue. With these solutions, you can track and measure content utilization, prospect engagement, and sales execution and answer questions like– * Is our new pitch deck being used? Is it resonating with prospects and helping accelerate deals? * Are sales reps putting the new skills and knowledge they were trained on into practice successfully? * Is our new competitive positioning landing and helping sales reps get past objections/hurdles? Moving further up funnel, if you have strong attribution in place, it's also pretty easy to point to organic traffic, leads, and pipeline from product marketing led campaigns as a direct impact on revenue.
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Credentials & Highlights
VP of Product Marketing at Brex
Formerly Ramp, Zendesk, ThoughtSpot, Oracle
Product Marketing AMA Contributor
Studied at Stanford University
Lives In Los Angeles, CA
Hobbies include Wine, basketball, cycling
Knows About Analyst Relationships, B2B Product Marketing KPI's, Building a Product Marketing Team...more
Speaks English and Spanish