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A New [Old-ish] Project

 

I haven't updated this blog since July 2009. That's almost 3 years. Wow! Talk about an unintended hiatus.

As of June 1st, I've officially been promoted to Sales Director at HubSpot. I've pretended I've had that job for a few years now and sorta had the title for more than a year. The promotion was actually officially announced 6 months or so ago at an internal meeting. But, in the last 6 months, I've juggled quite a few responsibilities: channel program director, sales director and sales manager. My managers and I have grown our team from 6 to 26 salespeople in 14 months (plus 12 others in post-sale roles), all while exceeding quota for 17 months in a row and achieving the highest retention rate among our sales teams. Currently, we account for about 40% of HubSpot's new sales every month. In hypergrowth at any company, it's common for people to juggle lots of different responsibilities. But as of June 1, I have one less job. I no longer manage sales people directly. While I loved my sales team and they are the reason I have been  successful at HubSpot, (thanks Johnson, Heidi, Buck, Alexis, Frank, Jeetu, Dannie, David, Kevin, Jennifer, Mark) doing all of those jobs at once was extremely difficult. I never really felt like I did any of them well.

So, now I get to completely focus on being a sales director. So, what do I do as a sales director? My high level responsibility is to manage my part of the business's growth and profitability. But, frankly, I'm still figuring out 'what being a sales director' means, with some guidance, of course...  Mark Roberge, HubSpot's SVP Sales & Service (my boss) told me a few months back that, "If I failed to delegate something, I've failed as a leader". My managers joke that I should now teach a course on delegation. I have amazing sales managers in place, as well as a bunch of great managers who support our partners and customers: a great marketing manager, a great consulting manager for onboarding our new partners and customers, and a great manager for supporting our partners for non-sales-support activities. Many of them have even stepped up to take on key strategic projects above and beyond their regular responsibilities. I'm extremely blessed with an awesome group of people who work their asses off to hit our numbers, prepare for the future... all while helping lots of companies improve their marketing. While I certainly feel like I get a "lot less done" because I don't do much myself these days, the impact we're having is greater than ever.

Which brings me to my next project and where I'll get to focus a bit of my time... In the time since I wrote this "[very outdate] about me page", we've helped several hundred marketing agencies help 1,000s of companies grow their traffic, leads and sales. While most people find this impressive, I feel like we're only scratching the surface of the potential of this new and better way of marketing, that we call inbound marketing. I feel there is a huge opportunity to expand the mission of inbound marketing even faster and more convincingly...

To fuel inbound marketing's growth, my time will increasingly be spent on a handful of strategic projects. I'll be using this site and this blog to develop one of these strategic projects. The site and the project is called the Collaborative Growth Network. I started this project - to a certain degree - 5 years ago. But, it's been on ice as I've built out HubSpot's agency channel.  I'll be taking what I've learned about networking and partnerships (before and after joining HubSpot) and applying it to the development of this concept. Specifically, I'll be developing systems that help companies partner with each other to do their inbound marketing more effectively. My theory is that a group of like-minded companies who trust each other and who target the same markets can work together to market all of their businesses online much more effectively than working at it alone. The system will be a combination of referral networking and inbound marketing which will make both much more effective. I'll probably be calling it "Inbound Networking".

Update: I've written up a few more articles fleshing out the "Inbound Networking" concept inlcluding.

Comments

I am in.
Posted @ Monday, June 11, 2012 8:22 AM by Cary Baskin
very interesting... keep me posted.
Posted @ Monday, June 11, 2012 8:41 AM by trish bertuzzi
Great label "Inbound Networking". Congrats on your success.
Posted @ Monday, June 11, 2012 8:56 AM by Jason Kallio
@Cary As I posted on the LI forum for partners, I'm looking for HubSpot Partners who would want to lead these groups.  
 
 
 
@Trish I didn't expect you to be interested/intrigued. I will certainly keep you up to date. Would love to have you involved.  
 
 
 
@Jason As one of the guys who taught me how to network, you're on my short list to check in with. I wish I had kept better in touch with key networking friends in Central MA like yourself. Look forward to reconnecting.
Posted @ Monday, June 11, 2012 11:42 AM by Peter Caputa
Congratulations, Pete. 
 
Kind of bringing it all together.
Posted @ Monday, June 11, 2012 1:48 PM by Rick Roberge
great job Pete...keep us posted.
Posted @ Tuesday, June 12, 2012 5:51 AM by Dave
Congratulations, Pete! It's amazing how fast Hubspot has grown. I know growth can be opportunity that also brings its own challenges. It sounds like you have kept ahead of the wave!
Posted @ Tuesday, June 12, 2012 7:53 AM by Greg Sherwood
I'm a new (one week) Hubspot VAR and I am very much interested in this program. I can't wait to hear more.
Posted @ Tuesday, June 12, 2012 8:12 AM by Michael Conway
Great concept Peter. I'm looking forward to seeing this opportunity bloom.
Posted @ Tuesday, June 12, 2012 8:14 AM by Mark Strozier
Congrats, Pete! 
And I'm definitely interested in this new project!
Posted @ Tuesday, June 12, 2012 8:44 AM by Kelly Ward
Please keep me posted; every day I meet small businesses who need something like this to jump start their business before being able to afford a full HS program.
Posted @ Tuesday, June 12, 2012 9:20 AM by Ilene Rosenthal
You really have become an expert delegator! Looking forward to some insightful blog posts
Posted @ Wednesday, June 13, 2012 7:12 PM by Dannie Herzberg
All groups will have strong members and weak members. After the honeymoon is over, how to keep things fair. In our community we've tried shared blogging and networked groups of support, but it only works if everyone consistently does their fair share. That said, I'm a big believer that a group can achieve far more together than an individual on their own.
Posted @ Thursday, June 14, 2012 1:30 AM by Laura Kinoshita
Very interested. Cool concept! Keep me posted on next steps.
Posted @ Thursday, June 14, 2012 6:04 AM by Greg Fawcett
Pete, 
 
I'll be hones from you description I'm still unclear about what you are proposing. Agencies team up and share the work IE if I'm strong on design but not writing I hire another partner to do the writtng but I do my design and theirs? 
 
Or we swap leads back and fourth like a leads networking group?  
 
Or we share our own inbound marketing? Like maybe one of use writes blogs on a certain subject while another writes and e-book and we all use it? Not real clear, but count me as interested.
Posted @ Thursday, June 14, 2012 7:37 AM by tom zoebelein
For what it's worth, I love this strategy.  
 
Not to speak for anyone else, I will use myself as an example...I have always been the "online marketing guy" throughout my career, and as such, thought it a disservice to clients if this was not prominently offered to them. But with Magnetic MarCom we have made the conscious decision to focus on one aspect of the total inbound marketing "pie;" Designing websites for the HubSpot CMS. 
 
The idea being that we could help other VARs (and end users) with the design work more effectively if that was what we concentrated on...and would allow us to do so without "stepping on their toes"...or income streams. 
 
I still get to be "online marketing guy" through helping customers better understand inbound, writing the Inbound Web Design Blog, and in earning our own company new business with VARs or end users. But we sell design work and HubSpot CMS expertise...not Inbound Marketing consulting. 
 
A wonderful community of helpful professionals has "sprung up" around the HubSpot product...one that offers enough scope that we can all find our little corner in the HubSpot world. 
 
Thanks Pete.
Posted @ Thursday, June 14, 2012 10:21 AM by Mike Cerio
I'm in! Where do I signup?
Posted @ Thursday, June 14, 2012 3:54 PM by Chris Battis
Very intrigued. Looking forward to learning more.
Posted @ Friday, June 15, 2012 7:51 AM by Renae Rossow
Please include me. I'm a solopreneur and HubSpot partner. Please include me.
Posted @ Friday, June 15, 2012 8:35 AM by Ken Smith
This idea may have more legs than we realize. Using the BNI model of Contact Spheres / Power Partners confirm there is a market waiting for this strategy to unfold....
Posted @ Friday, June 15, 2012 12:33 PM by Jaco Grobbelaar
@Jaco Thanks for bringing up the idea of contact spheres. You've got it.
Posted @ Friday, June 15, 2012 1:09 PM by Peter Caputa
Peter....I think you are right on point. I call it the hub of the spoke and wheel. We can all feed eachother because we all understand each other. Tell me how Market One can help...we are IN!
Posted @ Friday, June 15, 2012 1:12 PM by Paul Patrizi
Pete, congratulations on the public release of your new job title! Inbound Networking sounds like a great idea and we are always interested in learning more. Keep us in the loop, we owe a ton to you are your team for our growth over the past couple years! 
Posted @ Friday, June 15, 2012 3:06 PM by Steve James
Pete, 
Congratulations on the new position. Thank you for the dedication and commitment and tireless energy you've devoted to making the channel partner program such a huge success. I am personally grateful for all that you have done to build a team and to put together a tremendous opportunity for those of us who have had the chance to hitch our wagon to Hubspot. 
Please count me in on your inbound networking. I'm excited and ready to help you build this concept!  
Best always, 
Jody
Posted @ Sunday, June 17, 2012 5:40 PM by Jody Raines
This idea has legs for a couple reasons. First, for these types of organizations, generation of blog content is a point of resistance to inbound marketing, so "teaming up" and sharing the burden is a solution. Second, many of these smaller companies tend to team up with complementary partners anyway, so this provided an opportunity to further cement these relationships by formalizing them to a greater degree. I like it.
Posted @ Monday, June 18, 2012 6:25 AM by Tim Lipsky
@Tim Well said, Tim.  
 
@Jody Thank you, Jody. I'm really glad you're interested. You're a natural for running an 'inbound networking' group.  
 
@Steve Thanks, Steve. You guys have done a great job taking what we preach and applying it to your business. Keep it up.  
 
@Paul. I'm glad that Market One is interested.
Posted @ Monday, June 18, 2012 7:26 AM by Peter Caputa
Pete, 
Congratulations on your promotion! I'm at day 114 of the onboarding process, and I'm very interested in this topic. We're small (1.5 FTEs), but we do some things very well and would love to contribute to help others achieve their goals. Looking forward to meeting you and many others at Inbound2012.
Posted @ Monday, June 18, 2012 8:06 AM by John Murphy
Hi Pete 
If you can't baffle them with bull, then dazzle them with brilliance.Congratulations. I know you earned it! All of us successful VARs are your legacy. And you still committed to see that we are successful.  
 
You can count me "all in" on any initiative you are leading. 
Here's to our mutual success! 
 
All the best 
Marc 
 
Posted @ Wednesday, June 20, 2012 8:57 PM by Marc Levin
Congrats, PC! Count me in,
Posted @ Thursday, June 21, 2012 9:46 AM by John Beveridge
You were born for this role, Pete. I'm glad you get to jump back into more of the strategic planning. It's been an absolute pleasure collaborating with and learning from you for the past 2+ years as we raised your work "baby". The growth and maturation of our partner program can be directly attributed to your leadership skills, the passion our team has to helping our partners succeed, and our partners' dedication to the inbound marketing vision and helping their clients succeed. Looking forward to what's next.  
 
Now go pick some vegetables from your garden!
Posted @ Thursday, June 21, 2012 5:32 PM by Chris Johnson
Thanks, Johnson. I could have NEVER done it without. You go out of your way to help people and you work your butt off. Appreciated.
Posted @ Thursday, June 21, 2012 8:06 PM by Peter Caputa
For those of you who are interested in forming, building and leading an inbound networking group, please let me know. I've started a weekly call on Friday's for those that want to do it. Or who want to learn more.  
 
Update here: Inbound Networking Groups Are Forming
Posted @ Friday, June 22, 2012 4:24 PM by Peter Caputa
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