business relationships Archives - Schaefer Marketing Solutions: We Help Businesses {grow} Rise Above the Noise. Mon, 18 Nov 2024 12:50:13 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.1 112917138 How to Reimagine Universities for the AI Era https://businessesgrow.com/2024/11/18/reimagine-universities/ https://businessesgrow.com/2024/11/18/reimagine-universities/#respond Mon, 18 Nov 2024 13:00:12 +0000 https://businessesgrow.com/?p=62376 Universities play such an important role in our communities -- far beyond just education. Yet these institutions are under severe threat from AI and new learning alternatives. A college educator has a bold new plan to reimagine universities.

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Reimagine Universities

I’ve been a faculty member at several different universities since 2009 and have lectured far longer than that. I care about these institutions. They’re part of the American heritage, and in many cases, they’re a gift to the world. But we live in fast-changing times, and universities do not change fast. I’m worried about our colleges. How do we reimagine universities in the Era of AI?

100 percent human contentI have some ideas about this, and if you’re currently associated with a college, you will hate them.

To begin with, my thesis is that in the AI Era, universities will fail (and are already failing) to prepare students for many careers. Change isn’t just knocking; it’s kicking down the door, raiding your fridge, and redecorating your living room. There has to be a radical reimagining of the university education that matches the radical disruption of our times.

First, let’s get a few things off the table. If a student attends college for the social aspects or to spend a few years maturing, today’s university system is fine. If a student attends for a purely academic pursuit without any thought of employment, they will thrive in the system we have today.

But I assume most students attend college to launch a career. And that’s where the problems begin.

I’ll break down the problems one by one before offering some solutions.

Organization

I’ve talked to many leading authorities in the tech space — people right in the middle of AI development in Silicon Valley. And I’ve asked them, “How would you prepare young people for a career with the amount of disruption occurring?” Without exception, the answer is, “I don’t know.”

This presents an existential problem because universities are generally organized by career choice: engineering, teaching, art, journalism, etc. But if nobody knows what future careers look like, how can you organize based on jobs that won’t exist as they do today? Except forestry. That might be safe for awhile. But you get my point. Many job categories are rapidly evolving and fluid right now (especially marketing).

The future of education isn’t about preparing for a specific job. It’s about preparing for anything and everything. It’s about teaching students to surf the waves of change rather than trying to build sandcastles on a beach that’s shifting before our eyes.

Speed

A university professor friend of mine recently lamented that it has taken two years to get a new class approved. The glacial pace of change at universities is legendary and … stupid. The bureaucratic lunacy of universities is so well-known that I don’t have to explain further why this culture is a death sentence in an AI world.

Economics

Universities are proud of their park-like campuses and ancient limestone buildings bolted to the center of the earth. While taking selfies in front of Old Main might enchant the alumni, the fact is, you can get a superior education today without that legacy overhead.

If you had to bet on disruptive innovation coming from somebody in a co-working space versus a person who has to spend part of their time fundraising for the Psychology Building renovation … well, it’s not even a race.

The economics for students is even worse. The average four-year education in the U.S. is $160,000 (tuition only). Why does every major need to be completed in four years? Well, somebody has to pay for those limestone buildings. If you step back and look at it, it’s a ridiculous model. No matter the major or career aspiration, it’s four years. Huh?

Any new vision for universities must include significant cost and time reductions enabled by technology.

Faculty

The purpose of the university faculty has been to dispense information. However, universities are no longer the gatekeepers of information. When information is free and abundant, colleges have to reinvent themselves in the context of a new job to be done — eternal relevance. This is a radical idea, but in my estimation, it is the key to the future of colleges.

And the tenure system … don’t get me started. Let’s just say there is almost no incentive for tenured faculty to change and stay current. The stories of lazy, irrelevant faculty I could tell you are shocking, but I won’t embarrass anyone.

At this point, I think all of my university friends could use a photo of a puppy.

reimagine universities funny puppy

No need to thank me. Now, back to our regularly scheduled programming.

Solutions

I’ve covered some of the problems facing a university in a short and simple way because this is a short and simple blog post. I recognize there are many nuances, layers, and complexities that I’m blowing right past. However, not many people care about those, especially young people preparing for a career … in something less than four years, please.

My advice to universities is to start over. There is just no way your Reinvention Committee will twist your bureaucracy into something functional. Take that giant endowment fund and create an entirely new form of education that is fluid enough to meet the needs of today’s teens.

Education in the past assumed there is a logical endpoint. Once you learned A, B, and C, you had enough under your belt to be an engineer, to be an accountant, or a journalist. But today, there is no endpoint. The endpoint keeps moving. What was true for a career yesterday may not be true today. Education needs to be a journey of lifetime learning. So we need something radically new.

No more degrees

100 percent human contentHere is my vision: Instead of enrolling in college, students subscribe to one. Students would enter a lifetime learning program accredited by the university of their choice. The program would be designed to get students into the workforce and keep them there through learning modules that adapt to changing times.

The subscription price should be very affordable. However, over a student’s career in the workplace, the financial return to the university would far exceed $160,000 because the relationship with the student would last decades.

Each student would need to pass a battery of tests to ensure they’re ready to join a learning cohort. Some might start with remedial work to get them on the right track. I’ve seen too many university marketing students who can’t write a coherent sentence. Sorry. Fix that first.

Instead of degrees, students would earn accreditation on a topic, sort of like earning a series of merit badges. For example, it would mean much more to a marketing employer to see that a student earned accreditation in digital media production from a university, rather than just knowing they received an A in French and a C in geology during their sophomore year.

No more curriculum

The idea of a standard curriculum that changes every few years, littered with nonsensical, soul-stealing electives, is pathetic. This anachronistic system was created when a gentleman needed a well-rounded education in the classics. And I do mean gentleman.

Instead, my view is that a curriculum committee would create new learning modules every year, or even every few months, depending on the major. The major role of university employees would be overseeing the design of a continuous and ever-changing learning experience.

And by the way, we need a learning path that addresses both the hard skill and soft skills required in the modern workplace. Students need to learn to lead, but also how to be an effective follower and team player.

The lifetime university experience might include guest lectures, field trips, demonstrations — anything to keep the students relevant in their careers.

AI teaching agents

In the short term, we will still need a human faculty. Topical experts (not tenured) would share their views of the current state. And hey, instead of repairing Old Main and installing that new landscaping, let’s pay those teachers a decent salary, huh?

In the next two years, human-like AI learning agents will often make better teachers. This might sound like the Jetsons but it’s already here. Have you had a conversation with the mobile version of ChatGPT? This will only get better.

AI agents enable the creation of personalized learning pathways tailored to each student’s needs, performance, and goals. This approach can accommodate different learning speeds, styles, and even disabilities, leading to better outcomes than traditional classroom education. And, these teachers would cost far less and know … well, everything.

I do think there is a human role in the new learning environment as mentors and guides. Humans still need a human touch. Especially young students.

A learning cohort

I recently declared about the RISE marketing community: “This is my university.”

We have no curriculum or classes there. But we have each other — people from around the world teaching each other as we navigate this confusing world. Why couldn’t a real university be the same way? It can be, and needs to be.

That’s why I recommend a lifelong cohort of people (the subscribers) who become friends and support each other in a community. Today, education simply cannot end with a piece of paper. It’s a never-ending process, and we need each other.

A cohort could meet on campus once a year for some special programs but keep in touch constantly through an online platform. And the cohort should be multidisciplinary. It will be that way whether it’s designed that way or not. How many people are still working in a field related to their original major? Diverse views make the cohort more interesting and valuable.

The cohort would stay together for decades. I think it makes sense to add new people now and then, just as it benefits a community to have new members with new perspectives. A virtual community format allows people from many nations to be included.

Real learning happens in conversations, not classrooms.

Finally …

Did this post come across as mean? I hope it’s seen as tough love. I love so much about colleges and what they stand for. A university is hope. It’s a dream. It is the future.

But most career academics who read this will think: “We could never do this. It would screw up our US News and World Report rankings. This obsessive focus on rankings does not serve your students. Besides, Malcolm Gladwell and others have shown how the rankings are about as meaningful as a participation trophy in your kid’s soccer league. Yet, here we are, still doing the rankings rumba.

The world is changing faster than a chameleon in a Skittles factory. AI is rewriting the rules of education, work, and probably your department’s parking policy. And you’re obsessing about a made-up number in a magazine? University friends, it’s time to carve a new path that breaks the ranking shackles. Universities spent centuries building ivory towers. I’m proposing we build meaningful bridges to students and their real needs instead.

I know dramatic change seems daunting. And what I’ve proposed here can be poked and prodded and questioned. Here’s what I know. Imagine the most far-out scenario for our AI future. The reality will be much more insane than that.

Change has to start somewhere or universities risk becoming the academic equivalent of a typewriter repair shop. Disrupt or be disrupted.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy MidJourney

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Beyond Imposter Syndrome https://businessesgrow.com/2024/07/03/imposter-syndrome-2/ https://businessesgrow.com/2024/07/03/imposter-syndrome-2/#respond Wed, 03 Jul 2024 12:00:35 +0000 https://businessesgrow.com/?p=62187 Imposter syndrome seems to be ubiquitous. But what do you do with it? Mark Schaefer and Amanda Russell approach it from different angles.

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imposter syndrome

My theory is that if you created a word cloud of the most popular subjects on LinkedIn, somewhere between “let me help you skyrocket your sales” and “AI will destroy us all” is imposter syndrome. It seems to be everywhere.

One of the people I follow declared that she is writing a book about imposter syndrome and then decided that she couldn’t do it because of imposter syndrome. It seems to be a ubiquitous subject these days.

On a personal level, I don’t suffer from it much. I figure if I am invited someplace, I belong there. Either the people who believe in me are stupid, or I should be there. And I don’t think people are stupid. I have not met too many people who are immune from imposter syndrome. Why me? I’m not sure but I received a lot of positive reinforcement early in my career that might have helped.

But it’s still a frustration in my business coaching practice. For people I help, imposter syndrome seems common. I can see how worthy and talented they are, and maybe I can get them to believe it for a week, but then they devolve and feel the insecurity a week later.

In the latest episode of The Marketing Companion, Amanda Russell and I talk about different sides of this issue, and she brings up an important idea. In her days as an elite athlete, she underwent “brain training” to help develop the mental toughness to overcome injuries and setbacks. Why wouldn’t we use these techniques in the business setting?

It’s an interesting conversation you won’t want to miss! Just click here to listen in >

Click here to enjoy Marketing Companion episode 293

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Reflections from the best marketing retreat ever https://businessesgrow.com/2024/04/29/marketing-retreat/ https://businessesgrow.com/2024/04/29/marketing-retreat/#respond Mon, 29 Apr 2024 12:25:37 +0000 https://businessesgrow.com/?p=61919 Mark Schaefer hosted The Uprising Marketing Retreat and reflects on three days of inspiration and new connections with the help of Daniel Nestle.

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marketing retreat

Uprising alumni help make newcomers feel welcome at the marketing retreat as soon as they walk through the doors! From L to R starting in the back Carlos Oramas, Alex Ledsma, Keith Jennings, Yazmin Sortero, Evelyn Starr, Dan Nestle, Aaron Hassen, Valentina Escobar-Gonzalez, Mark Schaefer, Chelsea Rae Stuck, Heather McKay, Richard Bliss.

Just experienced my favorite week of the year — The Uprising — and I thought I would share a few learnings from this exceptional marketing retreat (year five!) with you.

The retreat featured the legendary Sandy Carter (IBM, AWS), Ed Keller (father of modern word-of-mouth marketing), tech pioneer Robert Christiansen, LinkedIn guru Richard Bliss, branding expert Evelyn Starr, and my genius friend and podcast co-host Keith Jennings.

I attend a lot of events and they’re almost always iterative—”how to do better on Facebook ads,” etc. Meanwhile, in the next 12 months, we will not even recognize the field of marketing. The Uprising is designed to address these cataclysmic changes NOW, build a plan for relentless relevance, and form a cadre of people to support our career journey.

The Uprising marketing retreat is distinctive in many ways:

  1. It’s not focused on “information” — you can get that on Google. It features insight from industry-leading thought leaders. Meaningful, relevant, competitive advantage you can get nowhere else.
  2. The event is co-created. You don’t sit through lectures and pitches from sponsors. We explore the future of marketing in a way that leverages the wisdom of everyone in the room and builds powerful new perspectives.
  3. We learn, but we also refresh. There is time set aside for nature, food, music, conversation, reflection.
  4. The last point of differentiation is difficult to understand unless you’ve been here. I limit the event to 30 attendees. The Uprising creates a bond. When you walk through the door of the forest lodge where we have the retreat, you might feel nervous and even alone. When you walk out at the end, you’ll feel energized, inspired, and supported by 30 new friends. Some have even used the word “transformed.”

From a personal perspective, this is my greatest career accomplishment because I know this event sends ripples of positive change and hope through the people who attend.

To capture some of the key moments from this marketing retreat, I asked Daniel Nestle (who attended his third Uprising) to join me on a bonus podcast episode. Daniel is a renowned corporate communications executive and host of the Trending Communicator podcast. He also co-presented at The Uprising with me on harnessing AI for personal relevance.

We based this new show on the topics covered at the event:

  • Personal relevance and AI (Schaefer + Nestle)
  • The personal branding journey (Aaron Hassen + Valentina Escobar-Gonzalez)
  • The future of branding (Starr)
  • Megatrends from Davos with Sandy Carter
  • Hacking the LinkedIn algorithm (Bliss)
  • From success to significance (Jennings)
  • Word of Mouth Marketing in the Digital Age (Keller)
  • Building brand communities (Alice Ferris + Jason Blanchard)
  • Future of content marketing and social media (A. Lee Judge + Natchi Lazarus)
  • Becoming a resilient leader (Christiansen)

Covering this event in a short podcast unfortunately captures just the tip of the iceberg. Much of the value from The Uprising comes through 1:1  conversations and connecting the dots with the help of 30 new friends over a BBQ in the country, a hike through the forest, or big laughs during the trivia competition.

I hope you’ll experience this remarkable retreat for yourself soon. The next Uprising, held near Knoxville, TN, is October 21-24, 2024. Let me if you’d like to talk to me and learn more.

Click here to listen to Marketing Companion EPISODE 288

A few photos from the April retreat (photo credit – Alex Ledsma) :

marketing retreat

Alice Ferris and Jason Blanchard on building brand communities

Uprising marketing retreat

Evening fun included a private concert!

marketing retreeat

What an amazing opportunity to learn from Sandy Carter, who brought us the top trends she observed at the Davos Economic Forum

marketing retreat

Small conversations build on ideas and create new insights at The Uprising

marketing retreat

Of course I had to say a few final words as we celebrated the end of our time together with a BBQ in the country

uprising marketing retreat

The natural environment and the opportunity to re-energize with friends is an important part of The Uprising experience.

marketing retreat

Word of mouth marketing expert Ed Keller explained the relevant new surprising implications of influence in the digital age

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15 Years On, Five Ways Blogging Changed My Life Forever https://businessesgrow.com/2024/04/15/blogging-changed-my-life/ https://businessesgrow.com/2024/04/15/blogging-changed-my-life/#respond Mon, 15 Apr 2024 12:00:43 +0000 https://businessesgrow.com/?p=61819 On the fifteenth anniversary of his blog, Mark Schaefer describes five reasons that "blogging changed my life." It may have even saved his life.

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blogging changed my life

This week marks the fifteenth anniversary of my blog. Crazy, right? I realize that nobody cares about an anniversary like this … I don’t even care, honestly … but I thought I would use the milestone as a teachable moment because blogging changed my life. And here is the main lesson of the milestone:

To stand out in this world, you have to be known. To be known, you have to show up consistently. Consistency is more important than genius.

Unfortunately, this is where most people fail. They stop and start, or perhaps they never start at all.

100 percent human contentIn my Personal Branding Master Class, I show a slide depicting my personal income attributed to “being known.” My income grew steadily over time (except 2020!) because the more I am known, the bigger my audience, the greater the opportunities, the higher the book sales, and the more valuable the speaking and consulting engagements. This progress can only come through consistently showing up with helpful content.

Creating meaningful content is hard work, and at low times, I wonder if it’s worth it. While I’m working on a blog post, my friends might be reading, hiking, or cooking a great meal. Blogging is a sacrifice.

But when I emerge from this introspection, I return to the same conclusion: Everything started from the blog, and every business benefit comes from the thought leadership I’ve built from this space. In fact, without a doubt, blogging changed my life forever, in these five ways:

1. Deep emotional connection

A few years ago, I received an email from a blog reader: “I’ve been reading your blog for three years. It led me to buy your latest book, and it is the best business book I’ve read in the last ten years.”

It was signed by the CMO of a Fortune 100 company. Two years later, he hired me for a consulting project to transform his content marketing department.

Let’s dissect what happened:

  • A stranger built an affinity for me through my blog.
  • Over time, the affinity became trust … a strong enough bond for him to hire me, even though I had never met him.
  • To earn his business, I didn’t have to apply for the job or bid against competitors. I was simply awarded the work, and I named my price.

If I didn’t have a blog, how much would I have had to spend on advertising to have a success story like that?

Brand marketing is about building an emotional connection that differentiates you from the competition. What a wonderful world we live in where a guy like me has the opportunity to build relationships — and a business — through my content. You can do it, too.

2. The introvert’s revenge

I hate networking. I am the worst networker in the world. I’m an introvert who loves a quiet dinner with friends, but put me in a room with a lot of people, and I want to crawl into a hole.

I know that sounds weird coming from a person who delivers keynote speeches in front of thousands of people, but it is different. I come alive on a stage because I can teach and entertain, and I’m really good at it. But shaking hands all night at a cocktail reception is my idea of torture.  I am a mingler misfit.

But through a blog, I can build business friendships with people every day without actually meeting them!

3. The fuel for a legacy

When my blog hit its tenth anniversary, I wrote that my biggest accomplishment was that over all those hundreds of posts, I never humiliated myself. My record still stands!

I have not made a major stumble because blogging forces me to clarify my ideas. Before I put something into the world, I think it through deeply. Is it thorough? Have I considered all sides? Am I being kind and showing up in a way I can be proud of?

These clarified blog concepts are later used in my speeches and books. The seeds of my legacy are planted here.

4. Personal reward

When I was in the corporate world, I would get an annual performance review (if I was lucky!).

Although I generally had an idea of how I was doing, there always seemed to be a zinger in there. Nobody gets a perfect performance review, right?

The cool thing about blogging is that I get a performance every week. Here is a comment posted on LinkedIn recently by Jim Hunt.

years of blogging

Isn’t that awesome? It makes my heart soar. I just can’t believe how lucky I am to have an audience of people who appreciate my work.

That’s the fuel that keeps me going. When I create a blog post, a podcast episode, or a book, I have only one mantra in my head: “I will never let you down.”

5. Personal healing

In the first chapter of my book KNOWN, I wrote about the darkest time of my life. This was so difficult for me to reveal, but I did it to show the reader that when I started my personal branding journey, I was a mess. I was below zero. I wanted to encourage people — If I can do it, you can too.

In those dark days, the stress of my life was killing me. When I went to see a doctor, my blood pressure was so high she would not let me leave her office. She was afraid I was about to have a stroke or worse.

The doctor demanded that I monitor my blood pressure every hour of the day. And this is when I witnessed something miraculous. There was one hour every day when my blood pressure was normal. It was when I was blogging.

There is a zen about blogging that sends you to a different place of focus and peace, even when the world is terrible.

Even more importantly, when I started posting my ideas online, I received feedback from people who didn’t know what I was going through. It was so nice to connect with people who didn’t know of my suffering. I was so tired of being sad.

Perhaps it is too dramatic to say that blogging saved my life, but mentally, physically, spiritually, and financially, I am transformed from creating these words on a screen.

Thank you, friend

I will never forget the moment 15 years ago when I received the very first comment on this blog. It was a moment of awe. Somebody read my work and spent their precious time commenting on it.

I have never forgotten that feeling. I re-live that sense of awe every day when I get feedback on my work.

Whether you have followed me for 15 years or this is our first meeting, thank you for being here. I’m just getting started, and I will never let you down.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy MidJourney

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Why AI does not mean the doom of marketing https://businessesgrow.com/2024/04/08/doom-of-marketing/ https://businessesgrow.com/2024/04/08/doom-of-marketing/#respond Mon, 08 Apr 2024 12:00:37 +0000 https://businessesgrow.com/?p=61866 OpenAI Founder Sam Altman made a cataclysmic prediction about the future of marketing. Author Mark Schaefer claims that AI does not mean the doom of marketing.

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doom of marketing

The world is going bonkers over a bombastic claim implying that AI is the doom of marketing.

On a recent episode of the Artificial Intelligence Podcast hosted by Paul Roetzer and Mike Kaput, the hosts referred to an interview of Sam Altman on a site called Our AI Journey.

The interview is behind a paywall, but Paul relayed this specific quote about the doom of marketing and Artificial General Intelligence (AGI). Paul noted that it is unusual that Altman would comment on something so specifically. Here it is:

“Oh for that (marketing) it will mean that 95% of what marketers use agencies, strategists, and creative professionals for today will easily, nearly instantly, and at almost no cost be handled by the AI. The AI will likely be able to test the creative in real or synthetic customer focus groups for predicting results and optimizing. And free, instant, and nearly perfect images, videos, campaign ideas — no problem.”

You can see why a quote like this would twist your shorts.

The quote went viral and spurred some heated online discussion. Is this true? Will we be losing 95% of our marketing jobs?

The answer is no, and I’d like to tell you why.

Human-based marketing success

Over the years, I’ve worked with many different companies and featured their tales in my books and blog posts. Here are a couple of my favorite marketing success stories (I promise, this is leading somewhere!) …

To launch the second season of WestWorld, HBO hired Giant Spoon to re-create the set of the TV series in an abandoned town outside of Austin, Texas. More than 60 actors enacted scenes from the show as guests from SXSW posted more than a billion impressions on social media. This required a collective collaboration across dozens of disciplines from design to set-building. Here’s a video glimpse of the project:

Yeti rapidly became a major U.S. retail brand, but for the first five years of the company’s existence, its only marketing tactic was word-of-mouth marketing. The company partnered with trusted outdoor guides to tell the story of Yeti and drive sales of its premium ice cooler. Today, Yeti is a $4 billion brand with a wide range of products.

100 percent human contentAlthough Sephora has stores in nearly every major city in the world, 80% of their sales come through the company’s online community. Their most important metric is human “engagement” with customers, demonstrating that new ideas, products, and content are relevant — a leading indicator to sales.

When I was with a Fortune 100 company, my team worked with an anthropologist to observe how people used different products in their homes. We discovered that most people don’t use the back of their refrigerator shelves—this is where the scary stuff lives! With partners, we designed and patented the now-famous long “fridge pack,” which productively used this space and became one of the most important packaging revolutions in beverage industry history.

Another company innovation I helped lead was spurred by an off-hand customer comment at the end of a “listen to the customer” visit. Responding to the casual idea he expressed led to a multi-million-dollar development project and a long-term competitive advantage for the company. We never would have found that idea through an online survey.

Thanks for obliging me on this trip down memory lane.

I needed to briefly showcase the variety of marketing possibilities and the importance of human beings in the mix. How many of these success stories could have been eliminated by AI?

The answer is obvious: None of them.

AI is not the doom of marketing

Let me be clear. AI will replace many jobs, especially those based on repeatable patterns, such as data analysis, creative treatments, content development, and formulaic sales pitches.

But marketing is specifically about creating and keeping customers. And human customers do not necessarily follow patterns because they are emotional, irrational, and ever-changing.

Sam Altman is a smart guy. He’s in the middle of the AI world, and I am not. But I am in the middle of the marketing world, and he is not. And while he is correct that AI will replace a massive number of marketing tasks, most marketing jobs will not go away for these five reasons:

1. Importance of human connection

The subtitle of my Marketing Rebellion book is “The Most Human Company Wins.” This is undeniably true. In a fragmented and disconnected digital age, we value more authentic human interaction, not less.

Marketing often involves building relationships and trust with customers. Human marketers are better equipped to understand and respond to the nuances of human communication, empathy, and personal connections that are crucial in many marketing roles. Altman isn’t considering this important aspect of marketing.

As I showed in the example above, YETI is a $4 billion brand because of human connections, period.

2. The mandate for weird

Great marketing isn’t about conformity and following patterns. It’s about non-conformity and breaking patterns. When it comes to non-conformity, humans have the edge because we love to be weird. Great marketing is weird. I mean, have you looked at TikTok lately?

I hired a creative director once because she sent me a box of homemade cookies. Is that marketing? You betcha. And the reason it worked is because it BROKE a pattern. She stood out because she didn’t just send me an email or a resume, she sent me cookies. AI is amazing because it helps us detect patterns, but we often create customers by breaking patterns.

Perhaps the king of viral marketing is Who Is The Bald Guy (aka Michael Krivicka). His videos are warped and demand our attention. Here’s an example:

These elaborate videos are possible only by breaking patterns through an intense amount of …

3. Human collaboration

Great marketing almost always involves collaboration among team members with diverse skills and perspectives. Human marketers are essential in fostering teamwork across the organization, facilitating complex communication with agency partners, and overseeing creative problem-solving.

Hundreds of people were involved in the Giant Spoon Westworld activation. AI will make these interactions faster and more effective, but we’ll still need the human collaboration. Breakthrough success doesn’t come from thinking out of the box, it comes from combining the boxes. AI will help that but not replace it.

As I look back on my career, every major success story was achieved through collaborative, cross-disciplinary human efforts.

4. Insight beyond a database

I provided the example of discovering a crucial customer idea from a random comment at the end of a live meeting. There is no database in the world that could have delivered that idea. How did it happen?

  1. I was in a live meeting
  2. The people in the meeting trusted me enough to be open and honest
  3. My experience and specific industry knowledge allowed me to realize that off-hand comment was important
  4. The trust I earned within my company allowed me to get a multi-million-dollar project approved that created a new, profitable product.

Similarly, the breakthrough idea about the back of the refrigerator came from detailed human observation. That is a profound marketing success and 100 percent human.

Think about it this way. Do you have a competitive advantage because your business is on the internet? Of course not. Everybody’s on the internet. Similarly, everybody will have AI integrated into our key marketing tools and that AI will be mining (mostly) the same historical datasets.

In the short-term, you might establish a competitive advantage if you apply AI in a creative way and achieve first-mover advantage, but in the long term, AI will be an enhanced business tool everyone will access. Competitive advantage can still come from human insight.

5. Ethical considerations

Marketing decisions often involve ethical dilemmas, such as respecting consumer privacy, avoiding deceptive practices, awareness of evolving cultural sensitivities, and promoting social responsibility. Following the law is easy. Doing what’s right is not always so obvious. Human judgment is essential in navigating these complex issues.

As I write these words, there is news all over the web about AI companies indiscriminately breaking the law to bring copyrighted content into their insatiable data machines. There is a historical pattern of recklessness in the tech industry and it will take ethical, human business leaders to use AI in an appropriate manner.

Where do we go from here?

If you’ve been reading my blog for some time, you know I’m a realist. I do my best to tell the story of marketing in a fair and truthful manner. I’ve been immersed in the world of AI. I study it every day. I’m not naive and I certainly have a healthy amount of fear as I consider our AI-driven future.

This post is not meant to sugarcoat a threat; it’s simply a more holistic perspective of how marketing works. The fatal flaw in Altman’s comment is that he’s considering a small subset of the marketing world —a number of tasks he might observe from a relationship with an outside marketing agency.

Will AI impact your career? Absolutely, no matter what you do.

AI, and especially AGI, will transform the marketing landscape and automate many tasks. It will eliminate many entry-level jobs dedicated to copywriting, video production, social media management, research, and more. A recent WSJ article projected that college graduates hoping to get a knowledge worker job must be prepared to step into middle management positions because the low-level jobs will be gone. Huh? How is that going to work? Probably worthy of a separate blog post.

However, AI is not the doom of marketing. It is unlikely to eliminate the majority of marketing jobs, at least in the foreseeable future. Instead, the role of human marketers will evolve to focus on higher-level strategic thinking, creative cultural insight, and human connection. That’s how customers are created.

The Most Human Company Wins. Don’t lose sight of that, and you’ll be OK.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy Unsplash.com

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How do you measure the value of a brand community? Ten ideas. https://businessesgrow.com/2024/03/11/how-do-you-measure-the-value-of-a-brand-community-ten-ideas/ https://businessesgrow.com/2024/03/11/how-do-you-measure-the-value-of-a-brand-community-ten-ideas/#respond Mon, 11 Mar 2024 12:00:52 +0000 https://businessesgrow.com/?p=61653 Community-based marketing is a red-hot trend, and here are 10 ideas to quantify the value of a brand community.

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value of a brand community

I’ve been giving many talks about community-based marketing, and one of the common discussion points is measurement. Isn’t that ALWAYS the most important question in marketing? What’s the value of a brand community?

But when it comes to community, brands are often entering an alternate universe — many traditional ideas of brand messaging and control are abandoned.

First, let’s be clear that when I say “community,” I mean either building or partnering with an online or offline community who:

  • know each other
  • gather for a unified purpose
  • participate in the direction and evolution of the community

This is different than influencer marketing, which I probably need to address in a separate post. With influencer marketing, you typically lightly touch consumers through a brand mention. Through a community, your aim is to build brand love and loyalty through a consistent effort.

One other caveat — most communities are transactional and focused on customer self-service. The value of those communities is easy to measure because you can track customer service costs and cost avoidance. But a community aimed at customer loyalty and brand-building is harder to quantify.

How do we measure the value of a brand community? Here are ten ideas.

The value of a brand community

As a marketing professional, your ultimate goal is to create customers. There are two ways to do this, either through transactions or brand-building.

Direct transactions (sales) are usually troublesome in a community. People want to be there because they share some purpose with you. They want to grow, learn, and change the world with your help. Of course opportunities to sell are possible, but if all you do is sell, people will run away and never come back.

So, most unrealized benefits from a community come from brand-building. Here are some best practices I’ve observed as companies measure the value of a brand community.

1. Engagement

One of the largest and most successful brand communities in the world is hosted by Sephora. With 6 million members, 80% of the company’s revenues come through this community! But their most important metric is engagement. Nike measures success through user engagement in workout sessions, challenges, and community discussions.

If people are engaging in the community through comments and conversations, it shows the company and the community is relevant. And if they are relevant, their brand is heading in the right direction — a leading indicator of new product success and sales.

In the social media world, I’m not a fan of using engagement as a primary metric. But when it comes to community, engagement is highly prized.

2. Ideas and innovations

Many brand communities put a premium on ideas for new products and innovations. For example, IKEA, Nike, and Lego all run large communities devoted to product development. Community members have a stake in the success of these products, which drives loyalty and sales.

3. Advocacy

Research shows that trust in businesses, media, and advertising is at an all-time low. But we trust in each other. In fact, word-of-mouth recommendations and user-generated content drive a large portion of sales these days.

Using a community to drive UGC beyond the community is massively valuable for any brand, and it is fairly easy to measure.

4. Conversion Metrics

Tracking metrics such as conversion rates, customer lifetime value (CLV), and the correlation between community engagement and product purchases helps measure the transition from community member to customer.

5. Brand Sentiment

Closely related to engagement rate is sentiment. Are the brand-related conversations positive? Positive sentiment indicates a strong and healthy community that can drive UGC and loyalty. New AI tools are allowing communities to assess thousands of data points to gauge conversations.

6. Growth of Community

Measuring the number of members joining the community over a specific period is a reflection of relevance and a leading indicator of sales.

7. Brand relevance

A primary value of a brand community is the dialogue between you and your customer. A successful brand has to be a journey of relentless relevance and there is no better way to do that than to let your customers lead you to what is next.

The ideas shared in my community help me be a more relevant and effective speaker, writer, and consultant. This is the primary benefit of my community — not just to me but to all of us.

It’s hard to pin a specific dashboard measurement on this one, but it’s an important qualitative measure of success.

8. Customer Loyalty and Purchase Behavior

Some brand communities are using sophisticated tools to measure:

  • Loyalty
  • Purchase behaviors versus non-community members
  • Referrals
  • Affiliate sales
  • Churn and retention rates

9. Information flow

This would go as a measure of the PR value of a community.

A value of a brand community is the unprecedented speed of information flow — in both directions. You don’t have to wait to gather a consumer panel if you want to test an idea quickly. Throw it out to the community.

Is there a rumor or problem with misinformation? You can address this immediately in a community and that can influence perception and subsequent coverage.

In a world of misinformation, a community is a place to find the truth and stop rumors.

10. Sales

Ultimately, we need to create buying customers, or we will go out of business. However, I’ve interviewed dozens of community leaders, and none of them claim sales are their primary goal. It can’t be. People are tired of being sold to. The focus has to be on the shared purpose between brand and community, which leads to commitment and loyalty.

Loyalty leads to sales, and when done right, community will certainly fuel your bottom line.

I hope these ideas help. I’ve been consulting and speaking extensively on brand community strategy, so let me know if you have further questions or ways I can help you.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Image courtesy Midjourney

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A New Commercial Strategy: Creators and Community https://businessesgrow.com/2023/12/06/creators-and-community/ https://businessesgrow.com/2023/12/06/creators-and-community/#respond Wed, 06 Dec 2023 13:00:40 +0000 https://businessesgrow.com/?p=60999 Market dynamics are pushing creators and community to the forefront of marketing strategy. Influencers are wielding unprecedented power. Is it timwe to get onboard?

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creators and community

Over the past few months, I’ve been immersed in projects and research that have reinforced the idea that creators and community are driving huge changes in commercial strategies. These new dynamics are re-inventing what we used to think of as media and media buying. It’s already happening.

  • Consider that a YouTube star like Mr. Beast has a bigger following than all the prime-time American news channels combined. One of his videos might get 100 million views. If you’re advertising on Fox News, you’ll be lucky to reach 2 million viewers.
  • Many creators are branching off to create their own brands that have become some of the fastest-selling fashion, food, and cosmetic products on the planet.
  • Young adults aged 14-32 are swarming onto Discord to find communities. The number of those active on Discord grew from 26% to 42% in one year!
  • And Taylor Swift is arguably the biggest creator on the planet, influencing every aspect of entertainment and culture on a global scale.

This is what’s interesting to me: None of this was possible 10 years ago. Creators and their communities have re-written the rules of influence — and sales. Yet most corporate marketing departments are not built for these changes. How do you begin to adjust to an entirely new media world?

Well, that’s a good question, and we begin to unpack it on the latest episode of The Marketing Companion podcast. Join me and my guest, Sara Wilson, as we connect the dots between creators, community, and commercial strategies.

Let’s dive in, shall we? Click here:

Click here to enjoy Marketing Companion episode 277!

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Go to https://www.brevo.com/marketingcompanion to sign up for Brevo for free and use the code COMPANION to save 50% on your first three months of Brevo’s Starter & Business plan!

Illustration courtesy MidJourney

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Reflecting on the most rewarding marketing experience of my life https://businessesgrow.com/2023/05/01/marketing-experience/ https://businessesgrow.com/2023/05/01/marketing-experience/#respond Mon, 01 May 2023 12:00:56 +0000 https://businessesgrow.com/?p=59371 Each year, a small group of marketing leaders gather at a beautiful lodge in the woods to think big thoughts about the future of marketing. Our aim is to help […]

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Mark Schaefer Uprising

Each year, a small group of marketing leaders gather at a beautiful lodge in the woods to think big thoughts about the future of marketing. Our aim is to help each other remain relevant in a fast-changing world. The event is called The Uprising (every marketing rebellion needs one, right?).

Although the experience was merely two and a half days, this was an intense immersion in new marketing ideas, natural beauty, and meaningful new relationships.

Honestly, we covered so much ground that it is intimidating trying to capture what happened there. I was literally on the edge of my seat, listening to experts projecting how new customer connections, communications, storytelling, and technologies would revolutionize marketing.

Here are a few highlights. I asked some of the participants to add their own ideas of what they loved.

Relentlessly relevant

The purpose of this event is to support marketers with their personal relevance in a fast-changing world. I set the stage with ideas about strategies about how we need to combine core competencies with “waves” of change coming at us in the world. I encouraged the participants to view the following sessions as possible seams of relevance.

Mathew Sweezey provided insights on his networking strategy that has connected him to some of the top marketing minds in the world.

Reaction: “The most profound takeaway was around trust in the age of AI and this idea of Kinship economy and community as a media. Community will discern the truth and it is becoming an arbiter of media.” — Jola Burnett

“Day one, hour one, Mark mentioned the idea of wearing the crown only you can wear. This struck me in a new way, and allowed me to think about the skills and experiences I can contribute to an organization in a new way.” — Sarah Neely

A new way to look at story and content

Sarah Neely word of mouth marketing

Sarah Neely

Sarah Neely is a word of mouth marketing expert and she discussed new strategies to ignite content to relevant audiences. She provided an inspiring example of how she was able to create conversations about Red Bull in the early days of the product with almost no budget.

I’ve often said that the economic value of content that is not seen and shared is zero. Sarah provided actionable examples of ways to take content directly to potential customers. A common theme is to craft content that is Authentic, Interesting, and Relevant.

Reaction: “I talk about story all of the time — crafting it, encouraging it, finding the story. BUT I didn’t really ever consider a brand story being a text between friends. Mind blown — different perspective unlocked!” — Dr. Jules Morris

A new way to connect to customers

Alex Ledesma and Robbie Fitzwater

Alex Ledesma and Robbie Fitzwater

Robbie Fitzwater provided case studies on how to “out-human” bigger competitors. By using humor, superior content, and timely email personalization, he showed how smaller retailers can out-maneuver titans like Walmart and Amazon. He provided an example of how an intimate connection strategy more than quadrupled sales for a small equestrian company.

Alex Ledesma provided an update on how brands are beginning to use Web3 and NFTs to unleash new customer value and premium programs that lead to loyalty and new revenue opportunities. While this is still within the domain of larger brands right now, he explained that adoption is growing.

The new world post-pandemic

Jola Burnett

Jola Burnett

Jola Burnett is a VP for Ipsos, one of the most important consumer research companies in the world. She provided a far-ranging view of fast-shifting trends. A few highlights included:

  • Consumer behavior is influenced by a view of the world immersed in many crises. We are in a polycrisis.
  • “Purpose” is growing in importance to consumers as a way to combat problems with their purchasing power. She revealed provocative research showing that there is an expectation that brands should be actively solving global problems.
  • Jola led a discussion on the responsible use of artificial intelligence. Being replaced by AI is a massive concern for young people and 64% of Americans say the government needs to take action. We also talked about AI jeopardizing “purpose” as well as jobs. “Trust” will be a rare commodity in an era of deep fakes.
  • While most people are currently “meh” about the metaverse, Ipsos research shows massive economic potential and new marketing opportunities by 2030.
  • Ipsos believes the most significant opportunity on social media is livestream commerce. This trend is massive in China and picking up speed in Europe and the U.S.
  • GenZ is suffering from mental health pressures from multiple fronts. This is creating a move toward core values of wellness, happiness, and less screen time.

Reaction: “My most profound insight (there were many!) was how fast the world and our field is changing and how much AI is going to change our lives in ways we can’t even imagine. I know everyone felt this deeply.” — Heather McKay

Making hope a habit

Hallerin Hill

Hallerin Hill

I love to do is add little surprises to The Uprising experience. This year I hosted my friend Hallerin Hill, a multi-talented writer, consultant, Grammy-nominated songwriter, and philosopher. He connected the dots beautifully between his modest childhood and a relentless pursuit of self-improvement against the odds. He showed us all that we can make hope a mindful and systematic daily process.

Reaction: “I think we were all coming into the event a little stressed. Hallerin gave us the right message of hope at the right time.” — Mandy Edwards

A new way to look at social media

Kimberley Gardiner

Kimberley Gardiner

I kicked off a discussion with the view that social media should be viewed as the beginning of a marketing process.

Richard Bliss provided a masterclass on using LinkedIn to dramatically increase reach.

Kimberley Gardiner, CMO of Tractor Supply, showed how she is emphasizing employee-generated content to create human connections with customers.

Daniel Nestle tied the conversation together by showing how all of this work can lead to community — the ultimate emotional connection.

Reaction: “I thought I knew how to use LinkedIn, but his insights from his experience and his consulting has changed forever how I will approach and use LinkedIn.” — Mandy Edwards

A new look at AI and marketing

Dr. Jules Morris, an expert on creativity, gave a whimsical presentation demonstrating how AI alone generally is terrible when it comes to insight and creativity. She led a discussion on how AI can effectively jumpstart idea generation but ultimately the creative spark comes from humans.

Dr. Karine Abbou has been studying AI impacts and opportunities in content generation and other marketing tasks. She concludes that AI will overtake almost all content marketing activities. Humans will focus on insights and personal brand building. She also proposed that AI will overwhelm traditional search strategies, making many current websites useless.

Reaction: “The integration of AI into search means that chat and prompts are replacing keywords and links. This is an important development for SEOs and companies that depend on search traffic, but also a fundamental change in how we access information on the web.” — Aaron Hassen

A new look at marketing and purpose

Keith Reynold Jennings

Keith Reynold Jennings

Keith Jennings dispelled the notion that marketing strategy starts with “why.” He provided case studies to show that the “who” and “why” lead to the “what” and “how.” He was highly critical of companies with “avowed” values (no action) versus companies that were actually putting their values to work (demonstrating purpose).

Keith went on to explain the difference between “story” and “narrative” when it came to explaining purpose.

Reaction: “My favorite presenter was Keith Jennings. I learned from Keith that to effectively connect Purpose to my Marketing my WHO and WHY must guide my HOWs and WHATs.” — Kyle Ackerman

A new way to look at communicating with customers

Nancy Harhut

Nancy Harhut

Behavioral Science expert Nancy Harhut provided a tour de force explanation connecting technology, strategy, and consumer psychology to expose a new view of marketing effectiveness. Her presentation was divided into three sections:

  • It’s not about how we think, but how we feel
  • Our choices are less rational and more reactional
  • Reliance on auditory cues that are baked into our ancient psychology

Reaction: “Nancy gave so much practical information, that was just incredibly fascinating. She shared material that was relatable and useful.” — Sarah Neely

The highest value of The Uprising

Mark Schaefer Uprising

While the content provided during the event was significant and meaningful, the focus on personal interactions and conversations were equally important. I designed The Uprising to be heavily weighted toward interconnection and shared experiences that will provide a lifetime of value.

Nancy Harhut: “This is where marketers advance.”

Dr. Jules Morris: “The best three days of the year.”

Dan Nestle: “Mark’s 3-day marketing think tank is the most powerful gathering of eclectic thinkers and marketing visionaries in our field today. One hour into day one, your brain is buzzing. By breakfast on day three, you’re on a shared mission with 30 new friends. It’s incredible.”

Kimberley Gardiner: “By far one of the best marketing events I’ve ever attended. I came away with several key actionable takeaways and even better, a connected community of awesome marketers!”

Karine Abbou: “Those three days triggered something in me that I’ve never been able to express so far. Best experience of my marketing life.”

Sarah Neely: “The speakers, the intention, and energy Mark has created, the collaborative environment and the curated group of attendees are all so important to making this event special and intimate.”

Robbie Fitzwater: “Was wild to see this event with basically zero hierarchy. Everyone learned from and with one another in a really powerful and fun way!”

And this kind of sums it up this marketing experience. It was something more. It changed our lives …

The Uprising

I want to invite you to experience The Uprising with me soon. The next retreat will be at Kilkea Castle in Dublin September 26-29, 2023. Learn more about the Uprising in Ireland.

We’ll also be back at the lodge in Tennessee in 2024! Here are the details > Learn about the U.S. Uprising here.

Mark SchaeferMark Schaefer is the executive director of Schaefer Marketing Solutions. He is the author of some of the world’s bestselling marketing books and is an acclaimed keynote speaker, college educator, and business consultant. The Marketing Companion podcast is among the top business podcasts in the world. Contact Mark to have him speak at your company event or conference soon.

Follow Mark on TwitterLinkedInYouTube, and Instagram.

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What the “Whole Self” Movement Means to Marketers https://businessesgrow.com/2023/04/26/whole-self/ https://businessesgrow.com/2023/04/26/whole-self/#respond Wed, 26 Apr 2023 12:00:35 +0000 https://businessesgrow.com/?p=59351 The "whole self" movement is creating a lot of conversation and consternation in the workplace. Mark Schaefer and Keith Jennings examine this trend and explain how this is important to marketers.

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whole self

In the last few years, there has been a lot of attention placed on bringing the “whole self” to the workplace as a leader, a marketer, and an employee.

Much of this discussion was kicked off with a book by consultant Mike Robbins called (of course) Bring Your Whole Self to Work.  According to Robbins, it’s “essential” to create a work environment “where people feel safe enough to bring all of who they are to work.” An entire issue of the Harvard Business Review has been devoted to the subject. In this new workplace, you don’t have to keep your head down and do your job. Instead, you “bring your whole self to work” — personality flaws, vulnerabilities, idiosyncratic mantras, and all.

Every time I hear this advice, I cringe a little as my family or origin narrative plays in my head: “My personal life is really none of your business!”

Somewhere between “get off my lawn” and sharing every thought in your head is the true balance that helps you become an authentic and effective leader.

I understand that vulnerability in the workplace must be encouraged when it dovetails with efforts to encourage corporate diversity, equity and inclusion (DEI) and other workplace programs. There is strength in an environment where employees feel comfortable expressing aspects of their identity in the workplace, even when irrelevant to the specific work at hand.

But I still, I don’t think any employer or customer deserves — or really wants — all of me. I want to bring the best of me to work and leave the crabby parts at home. In a professional environment, isn’t that a better expectation?

I want to be sensitive to new workplace trends and needs, but I think the “whole self” movement is rather  overboard and my friend Keith Jennings agrees. We discuss what we believe to be a better and more productive balance in this new episode of The Marketing Companion.

It will surely make you think — and perhaps you’ll even disagree, but the discussion is worth your time! All you have to do is click the link to join in!

Click here to listen to Episode 271

Mark SchaeferMark Schaefer is the executive director of Schaefer Marketing Solutions. He is the author of some of the world’s bestselling marketing books and is an acclaimed keynote speaker, college educator, and business consultant. The Marketing Companion podcast is among the top business podcasts in the world. Contact Mark to have him speak at your company event or conference soon.

Follow Mark on TwitterLinkedInYouTube, and Instagram.

Illustration courtesy MidJourney

 

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