00:00:00:12 - 00:00:15:22
Speaker 2
Welcome to building brand Gravity. I'm Ann Curry and I'm a principal and managing director here at G and S Business Communications. And I am super psyched to have my friend David Marine join me today. He is chief marketing officer of Coldwell Banker. Hi, David.
00:00:16:00 - 00:00:18:05
Speaker 3
Hello. And it's great to be with you.
00:00:18:10 - 00:00:35:17
Speaker 2
I'm psyched you did this. Thank you so much. You and I met in 2007 when we first started working with the brand, and I have to say, I was going to make a joke about. It was a really intense time to be working in real estate. But I feel like every year is an intense time to be working in real estate.
00:00:35:18 - 00:00:37:07
Speaker 2
Do you relate to that state?
00:00:37:07 - 00:00:46:09
Speaker 3
Isn't it? It always is. It doesn't matter if it's a high or low or what the market conditions are. It's always a bit crazy in our state, but that's what's made it interesting.
00:00:46:11 - 00:00:57:20
Speaker 2
Yeah. So tell talk a little bit about your role. Now you know how the chief marketing officer functions for Coldwell Banker today? Because obviously it's a title everyone knows, but it's a little different company to company.
00:00:57:22 - 00:01:19:09
Speaker 3
Yeah. So I oversee all the marketing efforts, not just for the Cole Banker brand, but, three other if you want to call them facets of it. So one being the core brand, the other being our global luxury program, a more affluent audience and luxury homes. Coldwell Banker Commercial, which is our commercial division, as the name would imply.
00:01:19:11 - 00:01:39:09
Speaker 3
And then I also oversee marketing for Coldwell Banker Realty, which is the company owned side of the franchise organization. So, four different assets within the Cole Banker umbrella, all with our own unique little, aspects to them and a great team behind each of them as well.
00:01:39:11 - 00:01:56:04
Speaker 2
Yeah. And it's interesting, even how each of them function, the relationship with each other. Obviously, Coldwell Banker is the brand as that anchor between them. But even, you know, negotiating that relationship between how they live in the world, how they manifest the audiences, that's that's an interesting portfolio of assets.
00:01:56:06 - 00:02:21:00
Speaker 3
It's it's neat in the fact that Coldwell Banker, as a brand itself, automatically commands, awareness. It's connected to real estate. But then each facet of the business has its own element to it as well. So we're tailoring more towards a luxury audience, global luxury. And what are the different offerings that we have there? What's our messaging. How is that tweak the audience targeting obviously very different commercial side.
00:02:21:00 - 00:02:42:05
Speaker 3
It's almost an entirely different world than residential real estate, where on the residential side, we're very much focused on the home, the emotional aspects, commercial. It's all about the business, the deals getting done, the connections and the relationships through those professionals, zero fluff involved. And then on the realty side, a cold make a real estate friend, the company own side.
00:02:42:07 - 00:03:02:20
Speaker 3
It's very much nuts and bolts getting down to getting deals done. And how do we support those agencies? Boots on the ground on a regular basis through awareness, through giving them the tools in order to get things done. So all of their own unique things. But it's it's good to have a overarching umbrella, what's called anchor and what that messaging, what that brand stands for, to be part of it.
00:03:02:22 - 00:03:14:02
Speaker 2
So when I first met you in 2007, do you even remember what was your role in title then? Because you have had an incredible trajectory and I like to call it growing up. Coldwell Banker.
00:03:14:04 - 00:03:17:14
Speaker 3
That's a good name for it. Maybe that's, in my autobiography.
00:03:17:16 - 00:03:23:22
Speaker 2
That's right. Your memoir. David, I'm giving you the title. So I can, I can I'll think of a subtitle for you, too, at some point.
00:03:23:22 - 00:03:33:07
Speaker 3
Oh, yes. I will tell you now, if I ever write a memoir, you get to be the foreword on the chapter. And growing up. Oh my gosh, yes. Yeah. What was I back then?
00:03:33:07 - 00:03:36:01
Speaker 2
Probably you're on the marketing team.
00:03:36:01 - 00:03:59:18
Speaker 3
I was on the marketing team. I may have been overseeing, some of the media sets at the time, like senior manager of consumer engagement or some fancy title like that. But yes, I've been with the brand for 22 years. They joined in 2002 as the electronic product manager, and then held every pretty much every role within the marketing department since then.
00:03:59:18 - 00:04:04:15
Speaker 3
And, over time made my way through the organization. Now being in charge of all the marketing.
00:04:04:17 - 00:04:18:13
Speaker 2
How is it? I mean, it seems obvious how it would help it. From your perspective, what have you gained or what did you learn by playing so many different roles as you rose up to the organization and ultimately had a chance to shape it the way you wanted to shape it?
00:04:18:15 - 00:04:37:18
Speaker 3
Yeah. What what's weird is, when I was younger, I was very interested in advertising at an early age, like nine, ten years old. I would memorize commercials, jingles, all that stuff. I was obsessive about it. And I told my parents at an early age that I wanted to be in advertising someday. I don't like, you know what?
00:04:37:18 - 00:04:57:01
Speaker 3
My interest goal goes a little bit higher. Don't you want to be something more than that? Like, no, I want to make TV commercials when I grow up. And I majored in marketing in college, and one of those rare people who went to college for years graduated with what they started off in and really had this mindset that this is what I wanted to do some day.
00:04:57:03 - 00:05:14:09
Speaker 3
But what I didn't realize was that we don't just get to make television commercials and mass campaigns right out of school, like you don't graduate. They're like, hey, here you go. Coach wants this my next Friday. No, it was this journey. And so then there's be like, hey, I just need to get a job. I want to be in this field of marketing.
00:05:14:09 - 00:05:34:16
Speaker 3
Let me get started there. And I started off with a small agency. And then that was actually, came to Caldwell and just found different facets of the marketing business that I probably as, even as a college kid didn't even realize existed, like product development. And the digital side of things was just sort of coming into fruition at that point in time.
00:05:34:18 - 00:05:57:21
Speaker 3
And so with this end goal of wanting to be, in advertising and eventually wanting to be CMO someday, I saw these different areas of the marketing spectrum that I knew I needed to get better. So when I started in the product development side, I remember, early on, maybe two years in with Caldwell that someone from the digital team left and they went to get another job somewhere else.
00:05:57:23 - 00:06:22:16
Speaker 3
And I was like, you know what? I don't really have any of that experience, at this scale with a brand, I think I need to be better in that. I think that's something I need to to go for. And at the time, the role that was open was a lower in title than my current role. But I went into my boss's office one day and said, listen, I'd really love to get some more exposure on the digital side of things.
00:06:22:16 - 00:06:42:14
Speaker 3
I'm willing to take a demotion in title if I can fill that role and to be able to get that experience. And so one of the great things about cold Bank, and what has kept me here for all these years is they continue to open doors for people to grow. And a couple days later, my boss calls me and he says, no, you know, no demotion in title.
00:06:42:15 - 00:06:57:16
Speaker 3
We're going to move you over there because you're interested in this. And so then throughout my career, I found these different areas and pockets like, oh, well, I need to get better in buying media side of things. Before you get into the creative side of things, I need to understand that world. So how do I get exposed to that?
00:06:57:16 - 00:07:12:14
Speaker 3
And just I've been very fortunate through my career that there have been doors have been opened at times, right. People in place to help me along the way, to kind of round out that holistic marketing view of things that is really, I think, helped me in my current role, being CMO.
00:07:12:16 - 00:07:32:03
Speaker 2
I was laughing at the value judgment implicit in what your parents were saying, like, don't go into advertising. You can aim higher now. I mean, that's not necessarily true. Yeah. They're like really? Seriously? I mean, it's it's actually it's such an exciting area. But what you just said and that's what I love talking to people I've known for a while like this.
00:07:32:03 - 00:07:56:09
Speaker 2
I never knew that story about you sort of advocating to say, look, I'll take a demotion if I can go over here. And then what an incredible outcome, which is kind of what knowing the organization and knowing you, I'm not surprised to hear they're like, hey, I love this initiative. Let's just bring you over laterally, which is a fantastic response to somebody who truly wants to learn and grow.
00:07:56:10 - 00:08:18:23
Speaker 3
Yeah. And I, I've been fortunate to talk to some coach universities and their business schools about career growth. And Sutton and I love relaying that story and not for the idea of look at what I did, but the idea of taking initiative and taking control of your own career. This is something you want to put yourself out there and go do it.
00:08:19:02 - 00:08:54:00
Speaker 3
Don't wait for it to be handed to you. Another example is I knew that I wanted to obviously be in charge of advertising at some point, but there was someone who was already in that role when I was with the company. But I felt like, hey, maybe peripherally, I can get some exposure. So on my own I would start reading articles, I would subscribe to media posts, even though I was on the digital side of things at the time, and just start asking questions with, person who's in charge of it, with the SVP of marketing at the time and showing that interest.
00:08:54:02 - 00:09:17:14
Speaker 3
And then when there was like, hey, you guys are working on this campaign, maybe I can be involved with it. And in my own role from a digital aspect, and then it can give me that exposure. But showing that genuine interest and going above and beyond like this isn't really my job, but I'm expressing interest in it. And it, I think, is what has opened a lot of doors for me, just being willing to have curiosity and put yourself out there.
00:09:17:14 - 00:09:36:09
Speaker 3
And, it also helps to have the right people ahead of you. And that's been one thing that Cole Baker has in spades is their leadership. Throughout my 20 years, career continues to be people that not only want to do a good job, not only want to have success, but also care about the people and making sure that the right opportunities are given to them.
00:09:36:14 - 00:10:00:10
Speaker 2
Now that's so powerful. And it it just brings that goodwill. But also, even if people move on, that network is still out there in the world and can come back and I do think to what you're reminding me of, you know, the marketing communications landscape, whether it's advertising, email journeys, you know, digital stakeholder relationships, it's very integrated, it's really overlapping.
00:10:00:10 - 00:10:26:15
Speaker 2
And that idea of cross training, how do you make sure and self-education too? Because when I think about you, starting in 2002, me meeting you in 2007, tape had in WordPress the idea of writing to the web instantly. That was like 2003, 2004 when it was becoming popularized. And people forget, you know, that that was the day, as I believe, that it was still often being called new media, you know.
00:10:26:17 - 00:10:28:01
Speaker 3
So web 2.0 yeah.
00:10:28:01 - 00:10:48:18
Speaker 2
Exactly. Web one than web two. So I think this idea of opening the lens on what these roles are and how do you engage with them is really, really powerful. That leads me to a question, actually, another sort of evolution. What does the word brand mean to you today versus what brand? I mean, that's such a catch all term.
00:10:48:18 - 00:10:57:23
Speaker 2
There's so much encoded in it. And yet it also has formal definition. So what do you see it as today and how is that evolve for you over time.
00:10:58:01 - 00:11:33:02
Speaker 3
Yeah. Brand probably early in my career was hey, that's something a multinational corporation on the fortune 500 is it's this huge, massive entity that immediately commands universal, acceptance and recognition and that I think with the changes in the digital landscape and from everything from social and new media and beyond has, has completely changed, and that it's no longer available just to those who can fund a television campaign.
00:11:33:04 - 00:12:02:20
Speaker 3
Brand today is basically any person or, organization, whether large or small, that represents something. And they're the ones who are trying to determine what they represent, while the consumer is also coming to that same conclusion and the change in branding as a whole from being a sophisticated organization to basically an individual, it's been one of the biggest changes I've seen.
00:12:03:00 - 00:12:21:09
Speaker 3
And you just have to look at like the NBA for an example where the NBA was a brand itself, it was the Chicago Bulls, the New York Knicks, and Michael Jordan was what was one like. That's those were the big brands. Now it's you've got so many players who are taking control of their own brand and making it into.
00:12:21:09 - 00:12:42:03
Speaker 3
So they're monetizing. You see with the Nil with college athletes today, these this idea of branding and controlling your message has now become so critical to everybody. And I think even for, the average business person today, what is your brand stand for when you're going into an interview? What is it? Tell you what is your resume saying?
00:12:42:03 - 00:12:58:15
Speaker 3
What are you as a person saying? What is your work product, representing and what you want that to be? It's now up to the receiver of that information to say, like, yeah, I agree with that or not. And this goes for, for Cole banker as a whole or for David Marine as an individual.
00:12:58:17 - 00:13:38:22
Speaker 2
Yeah. It's such a two way street. Right. As you said, the the entity, whether it's a person or an organization, has to figure out what do we stand for? How am I going to manifest that in the world through every touchpoint? But then the receivers on the other side have to decide how it lands for them too. And, you know, this whole time period, we're talking about the feedback loop was so much more, so many more levels of feedback and engagement and coming at us positives, negatives, etc. that that understanding of that brand personality and where it's rooted is constantly pushed, has to be constantly reestablished, constantly revisited.
00:13:39:00 - 00:13:46:10
Speaker 2
I mean, let's say you're working for a brand. That's what, 117 years old now, are we? Is that. Yeah. 1906.
00:13:46:12 - 00:13:47:05
Speaker 3
Exactly.
00:13:47:07 - 00:14:12:19
Speaker 2
That's the long heritage. And it's and it's interesting too, because what a brand means in each decade for a brand that's over 100 years old means something different. How do you how do you think about Coldwell Banker relative to that incredible arc of history? And how is it that you honor the deep roots, which are something that are so precious, like so few companies have that versus making it fresh and real and relevant today?
00:14:12:21 - 00:14:36:21
Speaker 3
Yeah. What is what I'm very fortunate in having, as in being in charge of the Coldwell Banker brand as a whole is it has represented something for those 117 years and hasn't really changed from its core. So there's some brands that, hey, did you know they started as they used to make jugs and now they make headphones, right.
00:14:36:23 - 00:15:07:18
Speaker 3
For Cole Baker, it's always been about real estate and this idea of doing what is best for the customer. And I talked about our founding story all the time. And it's yeah, it's basically is a script for a film where it's a college drop out, comes back home, finds the city in total disarray after the 1906 earthquake in San Francisco, and decides to start a real estate business that puts the consumer first because he saw shady real estate deals going on.
00:15:07:20 - 00:15:33:01
Speaker 3
And the competitors you like. That's not real. That's that's a made up, you know, made for TV movie or something. Nobody does that. But that's that's literally what happened with the guy. Kolber Caldwell, 20 something years old, started this company. 117 years later, they still exist. And this idea of home and the financial and emotional aspects of it has been something that's been core for the better part of that 117 years as well.
00:15:33:03 - 00:16:11:16
Speaker 3
And so while the idea and the shape and the cost and value of home is different over time, the emotional value of it has it, it's still this place that we want to call our own. Where memories are made. It's literally the only investment that you can hang things on and you can physically enjoy. So that gives a very wide spectrum for a marketer to be able to play with and continue to develop over time, and how home changes and what it means, today versus 20 years ago, what it meant during the pandemic, and even the greater value of it as a place of safety and refuge than, than it would be
00:16:11:16 - 00:16:29:11
Speaker 3
in a different time, time that we've existed. So having that at its core, really makes the brand stand the test of time, and we're able to just change the volume of it and the messaging of it slightly, but still keep to the core of who we are as a brand.
00:16:29:13 - 00:16:51:07
Speaker 2
I think that, it makes me wonder whether having that history, you can really it can maybe be an anchor for some people in a bad way, like pull you down, but when you allow it to root you in a set of values and really re interrogate those values decade to decade, year to year, context to context, it gives you a really rich palette to work from.
00:16:51:07 - 00:16:52:15
Speaker 2
You know, I think.
00:16:52:17 - 00:17:16:12
Speaker 3
Oh, it certainly does. And it again, going back to we're not just selling a shoe. It's something that's more than that gives you a, a greater purpose behind your brand. And it may sound lofty and truthy marketing guy talking about it, but it's a higher calling, if you will. Like our workforce of agents. They're not selling an object.
00:17:16:12 - 00:17:36:21
Speaker 3
They're selling the American Dream. And that the idea of home ownership is something that while there's headlines about, hey, no one wants to own a home anymore. And this is the rental economy, and I've heard all that yet 700,000 homes were bought or sold in the past 12 to 16 months. So it's still something that goes on every day.
00:17:36:21 - 00:17:56:01
Speaker 3
And people are moving for emotional reasons as well. It's not just because like, hey, home prices are up, so I'm going to sell and therefore I'm going to bank on this. It's no, I want someplace that is going to be closer to where family is or, you know, I want a better place for my family. And what I love is when you hear I'm a big sports guy.
00:17:56:01 - 00:18:07:10
Speaker 3
So when you read about these athletes who come from crazy backgrounds and hard times and then they they get into the NBA or Major League Baseball and, and what's the first thing they want to buy?
00:18:07:11 - 00:18:08:22
Speaker 2
I know exactly what you're going to say.
00:18:09:01 - 00:18:10:23
Speaker 3
They want to buy a home for their mom.
00:18:11:03 - 00:18:12:02
Speaker 2
That's right.
00:18:12:04 - 00:18:32:06
Speaker 3
And because that's not just like, hey, mom, it's an amazing investment. It's going to increase over time. It's like, no, this is a place that I want to be a safety for you, a refuge I want to I want it to be a place that I can go to, and we can spend time and enjoy together. And to me, like that speaks to the value of what the Coldwell Banker brand really stands for.
00:18:32:08 - 00:18:55:07
Speaker 2
It's an interesting thing to do branding in this environment, especially the real estate sector, because it is such a core economic indicator. It's always in the news up, down, sideways. There's always speculation about whether it's new home starts or existing home sales. It's very tied to other macroeconomic indicators like interest rates, the movements of the fed move real estate.
00:18:55:09 - 00:19:19:01
Speaker 2
But the other thing about, shepherding a brand through the environment and doing all of the kinds of marketing, advertising, etc. that a brand like this does, it's a highly multi-stakeholder environment, and it's very much of that B to B to C, you have your broker owners, the companies out there who franchise, you have the, the, the staff that works at the company owned locations.
00:19:19:01 - 00:19:41:23
Speaker 2
You have the agents themselves who have a layered relationship. They're part of the brands, but they also can do what they want. They're very independent as well. And then you have buyers and sellers. How have you grappled with that kind of dynamic sort of Venn diagram of a stakeholder ecosystem over the years? Because everybody needs to see and hear themselves in the messages that you're sharing?
00:19:42:01 - 00:19:47:05
Speaker 3
Yeah, sometimes I think it would be, well, it must be much simpler to be mountain to be like.
00:19:47:07 - 00:19:47:14
Speaker 2
That.
00:19:47:19 - 00:20:16:00
Speaker 3
15 year old boys. This is what I need to target and X-Games. Let's go to slap that logo on stuff. Get it out there in front of them and be good. But you're right. Not only do we have the buyers and sellers, which is kind of like the hey, those those are the people who are dealing with houses, but we have our network of over 100,000 agents across the globe, and then we have our 3500 plus offices and companies that are these franchises.
00:20:16:02 - 00:20:36:15
Speaker 3
So there's this multi layer audience. And anytime I go into a marketing workshop or with the Association of National Advertisers or you're filling out a creative brief, it's like who's your target audience? Like, well, here's the message we need for this audience, but here's how we need to approach it for another. And it's a challenge, but it also what makes it interesting.
00:20:36:15 - 00:21:02:18
Speaker 3
And so one of the approaches that I've tried to take was whatever messaging we are providing to the end consumer, the buyer or the seller, I want it to be so compelling that our network of agents and brokers look at it and say, I can't help but use that because I know that this will work. And sometimes we hit a home run sometimes means we're going to miss on that.
00:21:02:20 - 00:21:28:22
Speaker 3
But that's the idea of, hey, if we can talk to them directly, the buyer or seller and our brokers and our agents across the globe are saying, I want to use that messaging to that is the most powerful marketing that's there, taking national messaging, allowing them to use a hyperlocal level to make those connections. And it just acts as an echo chamber as well, to be able to be for other people, to be able to hear that same messaging time and time again.
00:21:29:00 - 00:21:53:03
Speaker 2
Yeah. And you're reminding me of one thing I was thinking about earlier, which is there, there is the message or messages, and then there are all the channels. And I think sometimes, especially in the kind of environment, the B2B side of it, there's a focus on, rightly so. Well, what are the tools and the and the tech or the channels and what's the what, what's the thing you're giving us?
00:21:53:05 - 00:22:22:04
Speaker 2
But even deeper than that is the message that's going to resonate. What are those messages? What's the the values of the brand? What is the ultimate purpose that's serving for those end users? Who are the buyers and sellers? How do you help the constituencies that you're serving sort of balance between the centrality of that message and getting it right, and also helping them use it and feel it like down to their bones and how it can be expressed versus here's the channels you can put it through.
00:22:22:04 - 00:22:23:03
Speaker 2
Does that make sense?
00:22:23:08 - 00:22:44:23
Speaker 3
Yeah, I think it goes back to the idea of the power of a good story. And then how is that story being relayed over time. So it's one thing if I tell it to you, but it's so much greater if I tell you and then you tell five others about it. And so that's the approach with our our constituents is giving them the ability to tell that story of whatever it is.
00:22:44:23 - 00:23:16:13
Speaker 3
And it may be about a specific product, may be about a specific campaign we're rolling out, or could be even about what is going on in the luxury space, equipping them with not the verbatim. Here is what you're going to recite, but the idea of yes, I understand that we are trying to attract sellers and to increase the listing inventory in our market, and I can do that by talking about the power of of dreaming today, which is one of our current campaigns that's out there and saying like, well, if you could live anywhere, where would it be?
00:23:16:13 - 00:23:21:17
Speaker 3
And 99% of the time when you ask someone that they don't see the place where they're currently living.
00:23:21:19 - 00:23:23:11
Speaker 2
That is probably true. Yes.
00:23:23:13 - 00:23:27:04
Speaker 3
So it's a sometimes extravagant, sometimes it's all will eventually, or.
00:23:27:04 - 00:23:32:05
Speaker 2
Maybe it's returning to an earlier home. It's going back to their roots, which is so powerful.
00:23:32:07 - 00:24:06:20
Speaker 3
So putting that in their minds is oh, okay, now I understand why we're doing this. And I can connect with the fact that this is true. So now how am I going to express that locally as an agent or a local Coldwell Banker franchisee? Okay, now here are the tools in which you can do that, whether it be custom social media campaigns or videos or tool like our move meter or it gives them the ability to then take that talk track and that concept that they get behind and then activate it at a local level.
00:24:06:21 - 00:24:28:11
Speaker 2
Well, I think this is an important conversation too, because there's wheat and there's chaff or cart and horse. Right. And sometimes that can be hard, like in a very dynamic environment that we've been in, especially from a digital perspective, different platforms, new ones launching. You know, obviously there is a change from Twitter to X now there's threads, now there's that whole battle royale going on.
00:24:28:11 - 00:24:49:13
Speaker 2
But I think that in the Markham's landscape, advertising, marketing, communications, branding, there is an anxiety to stay on top of that technology. The platform forming the evolution of the space, but how you stay rooted in the why of it and the who of it, and the what is going to move the needle not you know what I mean.
00:24:49:13 - 00:24:55:04
Speaker 2
Don't get caught up in the tools, but and forget the core of what you're actually trying to communicate.
00:24:55:06 - 00:25:20:10
Speaker 3
Yeah, this is a bizarre example, but, we talk about the best stories that are out there that can stand the test of time. So there have been 100 iterations of Superman from black and white cartoons, comic books, Smallville, Man of Steel, Adventures of Lois and Clark. It's all out there, and they all have their different iterations of it.
00:25:20:10 - 00:25:43:03
Speaker 3
Some work, some don't, but the core of that story is still the same. It's about this alien who comes to Earth, makes his home here, wants to save the world, falls in love with this with Lois Lane. And the different aspects of that can change over time. But the core of it about truth, justice, the American way, helping out, trying to find success in this world by helping others.
00:25:43:05 - 00:26:09:19
Speaker 3
That's always been the same throughout it. So it doesn't matter if the vehicle of that story has changed over time and even the characters playing, that has changed and they look differently now. But at its core, it's still the same story and it always works. So finding a way as a marketer to say, hey, you know what? This outer core is what we stand for and what we want to do and what we want to communicate.
00:26:09:21 - 00:26:28:15
Speaker 3
And now let's think about what are the different ways that we can compel people to engage with that story. That's really powerful. And the hard part is not a lot of brands, and not a lot of marketers have that core story that will stand the test of time. It's very much trying to grab things at a specific moment in time, and that's fine.
00:26:28:17 - 00:26:44:17
Speaker 3
But realizing that, hey, you know, this is going to work for this point in time, then we're going to come up with something else later on. That's a realization you have to come to. But when you can find something that you know stands the test of time and truly find the methodology of a great story, then it doesn't matter.
00:26:44:19 - 00:26:48:15
Speaker 3
When you're trying to express it, you're able to adjust it to the time at hand.
00:26:48:17 - 00:27:10:14
Speaker 2
You know, I appreciate the kind of culture jacking, news jacking, brand jacking, nimbleness where, you know, somebody comes out with that amazing tweet or Facebook post right in the moment. That's so pithy, but you're kind of zooming out to the bigger picture. I think the Superman one, you and I are both comic book people way back, is super relevant on Superman.
00:27:10:16 - 00:27:33:22
Speaker 2
I because it shows that those brands, the comic brands and Marvel. But DC, I give them a lot of credit too. They have, by their nature, the comic books over the decades, there's a reboot of the stories that's built into it. There's always a reinvention. And yet how do they play with those core values? I think that's a really interesting way of looking at it.
00:27:33:22 - 00:27:56:06
Speaker 2
And frankly, a lot of organizations today, and I've been an organizational leader for a long time. One of the pressures on a lot of leaders today is the fact that there is so much feedback now, and that's that two way street, which I really embrace. It's much I like it much better than the early days of command and control that I encountered when I first came into the industry, which, like the early 90s, I was Chuck was basically the late 70s.
00:27:56:06 - 00:28:30:08
Speaker 2
It was still the same. But today that feedback loop, yeah, that feedback loop can be tough because not everybody's going to feel the same about the values of the brand. Not everyone's going to feel the same about the partnerships you do, the way in which you may speak up on certain things. It's these are big audiences, right? And so one thing I see a lot of executives struggling with, and we've and as counselors, we have to think about this because there's no right answer sometimes, which is how do you pull back and reroute yourself in the values of the brand and what that means, not just for external audiences, but also your own employees and
00:28:30:08 - 00:28:42:11
Speaker 2
what you stand for at times where there may be different voices that are saying, I don't like this or I don't like you. I mean, it's that's how do you think about that? Because you and I have worked through some of those issues in the past.
00:28:42:13 - 00:29:12:22
Speaker 3
Yes. The feedback loop. You know, here's the great thing. Being in marketing, it's that every person is a marketing expert. You know, I live with marketing experts who are quick to tell me what is good and what isn't. So the feedback loop is universal. The trick is listening to the right feedback, which is true in anything, regardless of marketing your own advice given to you, whether you're from a career, a parent, marriage, whatever, there's always that advice.
00:29:13:01 - 00:29:33:20
Speaker 3
The key is picking the right stuff to listen to. And so not worrying about what everyone is saying, but who are the people that you most want to hear from? What are they saying and how do you adjust to that? Let's jump back to the comic books example real quick, because we brought Marvel and DC, and I think that is an example within DC universe.
00:29:33:22 - 00:29:38:21
Speaker 3
So like for example, my boys and I were were rewatching Smallville. Okay. We watch.
00:29:39:02 - 00:29:39:16
Speaker 2
I remember.
00:29:39:20 - 00:29:57:14
Speaker 3
The show. Well, yes, my wife and I were first married. Like we watched it however many seasons or whatever. And so now are the summer as a family. We're it's like, what's the safe show you can watch these days? It's very hard to find one from an age group, from a fifth grader to a sophomore in college. So we started that and everybody enjoys it.
00:29:57:14 - 00:30:14:07
Speaker 3
And they're they're like storyline. Like, why is that still compelling today? Well, the storyline is good. It develops the characters. It's interesting and a core. The message still resonates. So my ten year old asks me, I like Smallville, but why do all the DC movies stick?
00:30:14:09 - 00:30:14:17
Speaker 2
Why are.
00:30:14:17 - 00:30:16:23
Speaker 3
They good.
00:30:17:01 - 00:30:18:03
Speaker 2
Questioners.
00:30:18:03 - 00:30:44:10
Speaker 3
And said yes. And the reason is, is because I think it and I can't speak for DC, but my assumption would be that they thought, well, people love these characters, so we're just going to throw them in a movie and people will eat it up when instead of focusing on developing that storyline for today to to attract that audience first, like, hey, we're going to come out with documents can have an amazing special effects.
00:30:44:10 - 00:31:04:21
Speaker 3
People are going to go see it and we'll be breaking the money. On the flip side, Marvel took the time of laying out all these different phases, and here's how we're going develop the story. And in five, seven, ten years from now, it's going to culminate in it's in Avengers Infinity War and End Game. And that's going to be a capstone on this.
00:31:04:21 - 00:31:24:22
Speaker 3
And then we'll be able to reset again. So a different approach, two different approaches both with this basically the same assets at hand create stories. Great characters known but approached differently. One seen immense success from it and one is just trying to now reboot yet again with DC. Bring on James Gunn to kind of run their storyline.
00:31:25:00 - 00:31:46:06
Speaker 2
That's such a powerful example, and it blows my mind to think about. And there are some, you know, individuals and visionaries within that, but that ability of Marvel to hold to that arc, for Marvel to say we have we're going to create a long arc of story and we're going to have to have wins along the way. And they did obviously have some big wins.
00:31:46:06 - 00:31:53:18
Speaker 2
And there's some reasons in terms of the talent they brought in to me, we can I'm sure they owe a giant debt to Robert Downey Jr, but it's.
00:31:53:18 - 00:31:54:20
Speaker 3
Exactly.
00:31:54:22 - 00:32:19:17
Speaker 2
It still takes a lot. And I think it's a metaphor for the kinds of dedication and will and also courage, but also foresight that one has to have in shepherding a brand over the long haul. And I think your role is so interesting, David, because we've all, you know, we all read the stats and adage over the years and, you know, the A and A is my former client, very friends with the folks over there.
00:32:19:17 - 00:32:43:03
Speaker 2
And you know, we know how short ten years can be for marketers in different organizations. And now you've been CMO for a certain amount of time, but your trajectory goes much farther back. So just the ability for you to have thought for so long about this brand have been a part of how it has operationally evolved. I mean, it's not just the external, it's operationally how it works.
00:32:43:05 - 00:33:04:04
Speaker 2
Like that's a that's a pretty rare thing. And the Marvel thing, though, reminds me of another question I had for you, because you are a very culturally savvy guy, like you said, into sports and marvel and entertainment and, and just really litter out on that front. And we are seeing the side from Marvel is some just absolutely powerhouse brand moves this year.
00:33:04:08 - 00:33:34:11
Speaker 2
You mentioned Jordan. So the movie air and the kind of reigniting of the Air Jordan origin story and where the brand sat and then of course, there is the B-word Barbie, which has been also, by the way, reached a billion. So there's another B. Yeah. So Greta Gerwig, now the biggest, you know, female selling director ever. But what is your observation about sort of where brands play in the cultural conversation, the relevance that they can have when they hit it?
00:33:34:11 - 00:33:47:11
Speaker 2
Right. And it really resonates, to use that earlier metaphor versus when it rings false. What are some of your observations and how do you judge that when you're making deals that puts your brands out in the cultural conversation?
00:33:47:17 - 00:34:11:12
Speaker 3
Yeah. Brands today, can tread lightly in knowing that you are either going to create a brand that's going to be amazingly compelling and talked about through books and television series and movies, or warning you're going to be a brand that's going to be talked about in movies, television and stories, depending upon where you end up.
00:34:11:14 - 00:34:13:12
Speaker 2
Like the double edged sword.
00:34:13:14 - 00:34:26:15
Speaker 3
Think of rework, right? Yes. One of the best series I've watched on Apple TV was, Jared Leto just running around the office, stealing my side. You know, that's part of the we crashed to the series.
00:34:26:15 - 00:34:27:16
Speaker 2
True story.
00:34:27:16 - 00:34:57:17
Speaker 3
So real, real story, a highly compelling and disruptor brand that just kind of exploded, or self imploded, I should say, versus Nike and, talking about, air, which is likely going to be up for some Academy Awards, I would expect just a fantastic story about a brand that's been around for a while. Everybody's kind of known that story, but putting it all together with some powerhouse talent behind it to it also puts it in a new light.
00:34:57:19 - 00:35:25:02
Speaker 3
And as a father of four boys, I can tell you right now that they're my 15 year old and 12 year old. Both wanted Air Jordans, as their basketball shoes. And those were the shoes that I wanted 25 years ago when I was in high school, in junior high. And to be able to say, like. And the guy who hasn't played in the last 25 years or so is compelling in that that's a brand that has time.
00:35:25:02 - 00:35:49:09
Speaker 3
And so that's one that I personally enjoy near and dear to my heart. But as a marketer, you're marvel at the way that they're able to say it. It was around a guy, one player, Michael Jordan, who he was. He's the greatest player ever in basketball, in my opinion. But when he's no longer playing, how do you get 12 and 13 year olds to still be engaged with that identity?
00:35:49:11 - 00:36:14:15
Speaker 3
And they've done a good job of not only from speaking the shoes appealing in a fashion icon, but then also finding a way to like, okay, whether it's Jayson Tatum or Luka Dunk Touch, they're going to be able to find that next generation of talent to also wear that brand. It doesn't hurt that every University of Michigan, team also has to implement their jerseys, engaging the uses to that.
00:36:14:16 - 00:36:38:08
Speaker 2
Well, it's a long game, you know, and it has to be continually reinvented. And it does require that attention to the core values of that brand and also the core values that Nike has shown about being aligned with athletes and really raising them up. Celebrate ING the effort behind it, as well as the amazing prowess, you know, on the field or on the court.
00:36:38:09 - 00:36:53:05
Speaker 2
Last time I saw you, I did show you a picture of my brand new Air Jordan High Top. So even even the 52 year old women are also interested in this brand now. It took a long time. It's hilarious. So. But it was one of those things where I'm like, I've always wanted to own a pair of those.
00:36:53:05 - 00:36:54:05
Speaker 2
I think I'll go get a pair.
00:36:54:05 - 00:37:10:13
Speaker 3
It is. It is a moment when you can go out and be like, you know what? I need a pair, a new pair of Jordans. That to me is going to. Yeah. And my wife jokes with the boys all the time, but it's like, well, choose the one thing that daddy will spend money on when you mean, there you go.
00:37:10:15 - 00:37:17:15
Speaker 2
Get him, get it. Well, you know, is something he supports. Well, and the Barbie thing is interesting to me. Have you seen the movie?
00:37:17:15 - 00:37:23:04
Speaker 3
I have not, although, my wife has said we need to go at some point in time.
00:37:23:06 - 00:37:44:17
Speaker 2
I would say that it works on many levels. And as a marketer, you definitely need to go. And the reason is, is that the portrayal of Mattel and I've been in communications, as you know, for 30 years, and I've advised a lot of brands and I understand what feels comfortable or what does not feel comfortable for different companies based on, you know, where they're putting themselves out there.
00:37:44:19 - 00:38:25:23
Speaker 2
And we do know that brands that authentically and that's a very charged word. But brands that authentically are able to embrace either humor or not being so serious or poking fun at themselves or looking clearly at the hard issues and their history, that's really powerful. And I think what's interesting about Mattel, and we'll have to talk about this not on this podcast, but after you've seen it, is, is that there's so much tongue in cheek, but there's also a serious critique of what Barbie has meant in society, as well as good stuff and a lot of silliness and a lot of madcap insanity that the Mattel leadership and advertising folks must have, like, swallowed hard
00:38:25:23 - 00:38:43:23
Speaker 2
and been like, oh my God. But they went for it and it was really amazing. When you can see a brand that is both humble enough and has sense of humor enough, like a person to be able to kind of be like, yeah, we're complicated too. Does that make sense with you? I mean, it's really hard to modulate along this line.
00:38:44:00 - 00:39:12:21
Speaker 3
Oh, it does, and I've been impressed, one with the sheer volume of Barbie partnerships and different ways they've found to like, make connections within the film, but also Barbie as a whole, as a brand on its own, is incredible that it stood the test of time to think about 1950s doll that was created, and it's still being bought today, and now $1 billion feature film around it.
00:39:12:23 - 00:39:32:13
Speaker 3
That's that's something in and of itself to talk about. Hey, this is something that still resonates with people today in a number of different ways. And I bet there's different people who react negatively to Barbie. But it doesn't matter because they've still been able to showcase like, hey, there's noise around these people to like us, but guess what?
00:39:32:15 - 00:39:51:05
Speaker 3
We're still this entity and we've been able to last for 50 plus years. And now I've been impressed with the film. There's a lot of hype behind it initially. Yeah. And there was a question of like, well, is it really going to pan out? I saw a lot of pink. Are we ready for that? I'm not sure.
00:39:51:07 - 00:40:04:23
Speaker 3
But clearly the evidence is in that the audiences are coming out and it's become a cultural moment, which is one thing that as a brand, you would want to have in, in a positive way. And it's certainly done that.
00:40:05:01 - 00:40:24:09
Speaker 2
Yeah. Lightning in a bottle. Once you see it, you can see if you agree with me that Ryan Gosling deserves a new category of Academy Award for fully and completely committing. So just put a pin in that in your mind so as it's truly amazing. So as we wrap up today, what are you know, this is called building brand gravity.
00:40:24:09 - 00:40:38:04
Speaker 2
And that's very intentional. It's sort of the idea of the weight and the pull of brands. What brands have you in their orbit right now? I mean, I know you so I know some of the brands you've loved for a long time, but what are the ones that are top of mind for you right now?
00:40:38:08 - 00:40:57:18
Speaker 3
Oh, we've already touched on, Air Jordan. We're still very much, in my world, a brand looking at maybe the nontraditional big brands that have really just entered my realm in the last five or even ten years. One, it's been. Dude, perfect to know who dude Perfect is.
00:40:57:20 - 00:40:58:09
Speaker 2
No.
00:40:58:09 - 00:41:08:23
Speaker 3
Did you not? So they are like the number two most subscribed YouTube channel like in the world. Wow. They put out a video and in 20 minutes it's got like 30 million views.
00:41:09:04 - 00:41:10:00
Speaker 2
It's amazing.
00:41:10:03 - 00:41:24:19
Speaker 3
Four guys, five guys, five guys who started filming trick shots, like, in their backyard and have, over time become this phenomenon. So again, having four boys interested in sports, they do. Yeah.
00:41:24:19 - 00:41:26:10
Speaker 2
You can see my demographic at home.
00:41:26:12 - 00:41:26:20
Speaker 3
Exact.
00:41:26:22 - 00:41:28:12
Speaker 2
In. But I like to be educated.
00:41:28:12 - 00:41:45:13
Speaker 3
Thank you. But what's great about them is they've stuck to. They know who they are and they're not afraid. Like and for fun of themselves. Not like. How many trick shots can we possibly do? So they found ways to expand and they've and now they've posted their own little like mini talk show called overtime, which is a 20 minute YouTube segment.
00:41:45:18 - 00:42:10:18
Speaker 3
And they do different things. They've created, fake characters that they each play, and they create not only video series, but now they've expanded into, apparel and they've got they've got a show that's touring around and they're selling out football stadiums or basketball stadiums or whatever. You're like, these are five guys who just started throwing basketball through hoops off their roof.
00:42:10:20 - 00:42:31:01
Speaker 3
But it's really interesting to see how, like, they can possibly be lasting this long. And they even talk about how they were going to break up, you know, a couple of years ago or whatever. And it just found new ways to reinvent themselves. So that's that's one that's it definitely in my bank and compelling the other. That's great.
00:42:31:01 - 00:42:47:19
Speaker 3
I mean, that is that term is Meadowlark Media. So I don't know if you've noticed, but there's a lot of people who are leaving ESPN these days. Yes, absolutely. And a lot of changes obviously, in the journalism spectrum. Like that's a whole nother realm. And we could spend hours on breaking.
00:42:47:21 - 00:42:49:22
Speaker 2
That's a whole podcast in and of itself.
00:42:50:02 - 00:43:10:11
Speaker 3
Exactly. So, I'm a big fan of Dan Lieberthal, and Stu, who did a show on ESPN radio and on ESPN for a number of years. And, fortunate enough to have met a cold banker Jim Blue event in Miami when you interview him and just really enjoyed the kind of irreverent style they they love to joke around.
00:43:10:17 - 00:43:40:12
Speaker 3
They don't treat sports seriously. And they decided to leave ESPN about two years ago, you and Haskell, and they decided, like, we want to ensure that the people that we know and love who have worked on our show are going to have a place and going to be employed. What sparked it is one of their like, assistant producers got fired from ESPN during one of these cutbacks, and they said, I will pay for his salary out of my own pocket if you let him continue to work here.
00:43:40:14 - 00:43:57:23
Speaker 3
And through that, all, they just said we were going to leave. And so being able to see like, wow, that is saying this is what's important to us and we want to help these creative minds who we believe in succeed. So they started their own media company, Meadowlark Media podcast series, YouTube channels and all that kind of stuff.
00:43:58:01 - 00:44:26:08
Speaker 3
And it's a lot of people from ESPN. Pablo Torre, who was the host of ESPN daily podcast for a number of years, has now joined them as well. So starting to see that Antiestablishment media, if you will, trying to find their own footing. And I find that really compelling just to see where that creativity and what, you know, restrictions might have been on them being part of, ESPN and how that expands out into being able to do something on their own.
00:44:26:10 - 00:44:53:05
Speaker 2
I love that example, because there can be such, pessimism about new media launches and that way and, you know, we've seen some come and go in the past ten years, and there there have been a lot of sad and hard stories about properties that had a lot of promise, very journalist driven, not making it. But the other side is there's still the ability to launch new things like this and to try new things.
00:44:53:05 - 00:45:08:09
Speaker 2
And I think it's really good to highlight, like the optimistic view of let's keep that energy going. And it kind of goes back to that earlier piece about what's really at the heart of your brand, within even a bigger brand, and how do you bring that to life. And maybe sometimes it's your own thing.
00:45:08:11 - 00:45:29:08
Speaker 3
Yeah, sometimes it it has to be. And you need to step out there and take a chance. If it's something that you truly believe in as well as a marketer. To that point, one of the best pieces of advice that I got when I was talking to people about becoming CMO is they said, always do something that makes you feel slightly uncomfortable, not totally uncomfortable.
00:45:29:10 - 00:45:40:13
Speaker 3
That's not a very good place to be, but slightly uncomfortable. That's when you know you're continuing to push things. That's where you explore new territory and that's where you learn. So I think that's that's very true here.
00:45:40:15 - 00:45:51:23
Speaker 2
Well, that is an awesome place to end. David Marine, CMO of Coldwell Banker Real Estate. It's been so awesome having you here today. Thank you again. And this is an green with building brand gravity. Thanks for joining us.
00:45:52:01 - 00:45:55:03
Speaker 3
My pleasure. And, I'm.
00:45:55:05 - 00:46:27:01
Speaker 1
You're listening to building brand Gravity Attracting People into Your Orbit, a business communications podcast. Keep connected with us by subscribing to the show in your favorite podcast player. If you like what you've heard, please rate the show that helps us to keep delivering the latest in industry influence. Thanks for listening. Until next time.