May 9 2023
073 Michael Maximoff - AI Powered Email Marketing For Unstoppable Results
In our SaaS Fuel™ Founder Episode this week, Jeff is joined by Michael Maximoff, Co-Founder & Managing Partner of Belkins and Co-Founder & Board Member of Folderly. Michael discusses the ins and outs of email marketing and believes it's the best channel due to its scalability, longevity, consistency, and control over messaging and audience. He discusses personalization in emails, using context in email outreach, and best practices for different types of email outreach. Michael also emphasizes the importance of investing in oneself and how it can lead to success, featuring a speaker who has invested heavily in financial education, real estate, and business M&A education. Finally, we also discuss AI technologies, email filters and systems, and valuable information resources for non-technical individuals. Tune in for insights from industry experts and their experiences in the world of email marketing!Key Takeaways[00:11:16] Started an agency that focused on generating leads through email but struggled with emails going to spam. [00:14:40] Email spam filters have become sophisticated in analyzing content, sending patterns, and volume. [00:18:01] Aggregating important information and putting it in simple language for anyone to understand is valuable.[00:21:54] AI can be a game changer, but its effectiveness depends on its application. [00:27:57] Email marketing is the most reliable, measurable, and cost-effective channel that is easy to set up and scalable, with the ability to control every part of it, without relying on external platforms, and can be used for communication, unlike other channels like Facebook or Google ads.[00:31:58] Email is still the best channel for marketers, it's good for hypothesis testing before using other channels, and relying on one channel alone will make competitors win.[00:35:02] A clean and manually collected list and tailored messaging can result in better engagement and results.[00:39:49] Following best practices is important for different types of email outreach, and starting with a plain text email can help gauge relevance and interest.[00:46:00] While automation was initially popular, there is now a desire for more human interaction in emails. AI assistants are no longer as popular as they once were.[00:49:04] Sales, marketing, and accounts departments are often not aligned and operate differently, but intent marketing aims to create cohesive messaging and value for all audiences regardless of the platform. Tweetable Quotes"Inflation is robbing everyone, interest rates continue to rise and uncertainty abounds. There's no shortage of uncertainty, that's for sure. And everyone needs a strategy." — Jeff Mains 00:00:39“The Best Investment: "The reason that's more enlightening is Buffett has said, whatever abilities you have can't be taken away from you, they can't actually be inflated away from you. So the best investment by far is anything that develops yourself and it's not taxed at all." — Jeff Mains 00:02:49"How to Make Money in Any Economy: 'Whether the market went up then went down and went sideways didn't really matter. No matter what the economy is doing, no matter what the market was doing. I knew how to read it, I knew how to make money. I had a strategy for that and I had rules in place.'" — Jeff Mains 00:05:28"In real estate if I hadn't made that investment. And it was a real turning point for...