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Market-to-Revenue - 🎮 George Valdes: Monograph, Head of Marketing

🎮 George Valdes: Monograph, Head of Marketing

Market-to-Revenue

05/13/22 • 17 min

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18 minutes with George Valdes, Head of Marketing at Monograph. Don’t be afraid to challenge your market. Ask, “Why do you think it needs to be this way?” Starting the community. Hire subject matter experts who understand the memes and inside jokes of the industry. A lot of those inside jokes are coming from pain. When you understand the memes of the industry, you can probably create your own. Identifying blockers. Move fast and playbook things. Irreversible and reversible decisions. Building an exceptional brand. Enabling workflows for architects.

18 insights. 7 rapid-fire questions. Show transcript.
What are 3 ways that your team converts your market into revenue?

1) Enable workflows to happen for architects and design professionals. First off, it's helpful to set the context that we service architects, or in the broader sense, design professionals. So essentially, everyone that is part of the pre-construction process, you can think of the construction process being mostly general contractors, we're really trying to enable workflows to happen for that group of people.

2) A very simple pricing structure. In terms of them how we convert the market into revenue, we have a very simple pricing structure that's on a per user basis at this point. We mostly target the largest segment of the industry, which is the SMB market, so small-medium sized businesses. Anywhere between 1-person firms all the way up to around 60-person firms. In the US and in Canada. So, we're very specific. We're really honed in on this market because we feel that this is where the most underserved area of the industry. That's the main lever.

3) Building an exceptional brand. Part of our go-to-market strategy is building an exceptional brand because we get to speak to such a specific audience. A lot of our team comes from the industry, I myself have a background in landscape architecture and architecture, we're able to speak specifically to the pain points that the industry has, with an authentic bent. We're very authentic in our own experiences. We're able to connect with people, even on an emotional level, which I think is very unique, and very special, about what we're doing here.

What are 2 hard problems that you recently overcame?

1) One that's always very difficult to pull off is a user conference. We did our second user conference, called Section Cut, about a month ago. It's hard because it's so many different moving parts, but we have a really amazing team here that was able to work asynchronously, autonomously, and in many different ways, while collaborating, at the same time, to execute an amazing show for our customers and our broader community. So I think that’s one. It's almost like two in one because it's just such a difficult endeavor to pull off.

2) Finding the right person to join our leadership team. The other thing that's been difficult, that we've been able to accomplish recently, is we have now a full leadership team. I think this is important. Robert, up until recently, our CEO, was really heading up sales, and I think we now have a team in place, with our new head of sales, that's going to allow us to really focus in and solve even harder challenges as we move forward. I think that one, just finding the right person. Why it's difficult, I’d say, is because we have a very unique culture here at Monograph. We operate, not only remotely, fully remote, but we also have a 4 day work week. And so, finding a leader that can resonate with that, as part of the challenge of operating the sales team, was really important to us, alongside the fact that, culturally, they had to really be a good culture fit, and a good addition to the team.

What are 3 roadblocks you are working on now?

1) Splitting the funnel from a “free trial” motion to a “book a demo.” We're actually going to shift, not fully, our GTM, but mostly. It's an interesting balance. We're basically going to be splitting the funnel from a free trial motion to a book a demo. The reason for this is that we're seeing higher conversions on booking demos at the moment. So, one of the things that we're doing is essentially pre-qualifying through our website folks, and then routing them appropriately to a free trial of they're out of, let's say, our ICP, or ideal customer profile, and then routing them to booking a demo. This is a whole cross-functional motion that we have to be fully aligned on in order to make it work. And so I'd say this is one of the biggest challenges.

2) We’ve recently adopted an OKR model, and the team has various levels of experiences with this. And so, it's making sure we're building the right cadences to be able to move the ne...

05/13/22 • 17 min

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