Using Data-Driven Algorithms To Find Your Agency's Sweet Spot
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Do you know how using AI and data-driven algorithms could help you save money on inefficient positioning? Anne Cheng is an entrepreneur that started her business with an idea in mind: what if she could get inside the heads of people and understand what information they required to make decisions? Supercharge Lab is a cognitive artificial intelligence company that uses AI and data to try to understand what goes on inside customers' heads, or rather listen to the voice in their head. In this episode, Anne sat down with Jason to explain how this AI technology works, why business owners should embrace that it is the future and use this innovation to their benefit, and how agency owners could use it to create specific targeting and sales and marketing content that resonates with its audiences and find their sweet spot in the market. 3 Golden Nuggets Getting inside people’s heads. How can we really understand what goes on inside someone’s head? Anne explains that what really gives us away is how we write, instead of what we write. The tones, the structure, the number of emojis, and the type of words we use are giveaways that offer a glimpse into things like our emotional state, personality style, social styles of interaction, and conflict management. Her company uses this data to build algorithms that help them put people in categories of psychological profiles or cognitive styles. “After we applied it to sales and marketing, we've seen a significant lift in our customer ROI,” she says. How the industry will change. Will AI replace what agencies are doing for clients? This technology is becoming quickly democratized. A few years ago artificial intelligence was all about building training models and putting in huge massive slices of data. Today it costs $16 and 39 cents to run a learning model. It can be really quick and easy to train a model with a high level of accuracy. Is the technology strong enough to completely replace a human? “I think not at this point,” Anne told us. There is still a long way to go before that, but it is the future. For now, it’s all about not wasting money on inefficient positioning. “Data-driven algorithms are not the enemy,” she adds. Advantages for agencies. We should always use new technologies and innovations to our benefit, and to benefit our clients. We all know that agency owners struggle with their own marketing and have a hard time treating themselves like their own clients. Anne believes this struggle comes from not really knowing where your sweet spot is and that using these technologies could help you experiment. Using algorithms can help you determine the accuracy of your targeting. For example, if you would like to go after medium-sized businesses with revenues between 10 to 50 million, you can test your response rates. Algorithms are great ways to experiment. It's cheap, it's fast, and you're not wasting time. Sponsors and Resources Gusto: Today's episode is sponsored by Gusto, an all-in-one people platform for payroll, benefits, HR where you can unify your data. Gusto automatically applies your payroll taxes and directly deposits your team's paychecks, freeing you up to work on your business. Head over to gusto.com/agency to enjoy an exclusive offer for podcast listeners. Subscribe Apple | Spotify | iHeart Radio | Stitcher | Radio FM Stop Wasting Resources and Use Data-Driven Algorithms to Find Your Sweet Spot in The Market Jason: [00:00:00] What's up, agency owners? Jason Swenk here, and we've got another great episode coming to you. And we're going to talk around AI and what you can do with really kind of targeting the right audience, as well as having the AI tool, write the copy for you to convert faster. So I'm excited to get into this episode. Uh, so let's jump in. Hey, Anne. Welcome to the show. Anne: [00:00:31] Thanks for having me, Jason. Jason: [00:00:32] Yeah. So tell us who you are and what do you guys do? Anne: [00:00:36] Well, my name is Anne a
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