B2BNXT: Who is your ideal client?
OMAR TAHA: My ideal client is a client that is doing relatively well in the market. They have a strong marketing position, yet there are in efficiencies in their backend marketing infrastructure. That sounds like a mouthful but what that means is that they’re not tracking the necessary data that could get them more recurrent business, more recurring clients. That client just necessarily has the raw data but it’s for us to bring it together and get them to the next level and set up that infrastructure so they’re collecting the data making their company more profitable and more valuable to potential investors or buy-outs.
B2BNXT: What makes you different? (Secret Sauce)
OMAR TAHA: A lot of my competition is very short-term because a lot of clients are short-term. They think that immediate boost in revenue, that means that’s a good marketing firm. However, with me … I have a former investment banking experience and I’m very much into valuation and buy-outs and so forth … is getting the long-term valuation for your company through marketing. And so with us, we’re more of a long-term data-driven consulting firm where we focus on teaching our clients and coaching our clients to set up this infrastructure that gets the most value per customer, in addition to that, decreasing the ad spend so you’re having a higher profit and a long-term strategy of collecting more data and getting smarter than your competitors.
B2BNXT: What strategy works best for your clients?
OMAR TAHA: Many of the companies we work for, they have a unique selling position. However, in the market today, things are getting much more competitive and we have companies stealing each other’s unique selling positions all the time. What makes people different in the market and gets them results time and time again is just communicating a unique mechanism. What is a unique mechanism? It’s the one thing that makes your company so unique that your competitors can’t even compete with. And a lot of times, there’s confusion on, I don’t have a unique mechanism. And what we tell a lot of our companies is just name what you do. Just implementing that one strategy will get results time and time again.
B2BNXT: What does not work for your clients?
OMAR TAHA: The mistakes that people are making out there is blatant copying, copying your competitor’s ads, copying the messaging and so forth. That does not work well and I don’t advise anybody to go ahead and do that. First off is you’re not collecting the same data on the backend. If you’re copying an ad, you don’t know if that ad is actually working. You might be copying the wrong thing, that’s number one. Number 2 is that when you end up copying, you’d then become a me-too product. You’re going to get ignored almost immediately. And the third reason why you don’t want to do that, you can’t be better than your competitors if you are copying them. What’s the point of doing business if you can’t be the best?
B2BNXT: How did you get your first client?
OMAR TAHA: I got my first client in the B2B space at the tender age of 22 years old. Essentially, I had a unique selling proposition which was I brought Wall Street executives to Dubai. And that was in 2006, when I first started it, was like a complete novelty. Every single company that I would speak to would be like, “Great. How do we sign up?” So, just having that unique selling position, by the time I was 24 we had about I think the six of the top 10 investment banks as clients.
B2BNXT: Where do you see the biggest opportunity now?
OMAR TAHA: The biggest opportunity that I’ve seen over the last year is the emergence of a clean LinkedIn. LinkedIn in the B2B space has always been a form to get more client engagement and more clientele. And they’ve really cleaned up their act through video content, video ads. For us personally, we tend to use the LinkedIn messenger ads or the InMails all the time and they’ve worked on a consistent basis. And they continue to work because most of the time people get four or five messages on LinkedIn daily at most, whereas in their email box, they’re getting 20 or 30 emails. Companies reading our emails and engaging with us is a lot more likely, so we’re really bullish on the LinkedIn InMail strategy.
B2BNXT: What’s your favorite book?
OMAR TAHA: The best book that I’ve read in business and marketing has been Breakthrough Advertising by Eugene [Schwartzman 00:05:18]. I went to the Wharton School, got my MBA in marketing. And that single book has taught me much more than any MBA. Essentially what the book teaches is that customers have heard of your messaging before. Unless you’re having a trip to Mars or something about they’ve never heard before, getting customer’s attention is almost impossible back in the 30s. Imagine how it is today. And the book is a classic in helping you create a unique selling position that will grab your customer’s attention over and over again. And once you learned the methodology of Breakthrough Advertising, you can constantly do that for each and every product or service that you offer.