Industrial Growth Institute

Industrial Growth Institute

By Ed Marsh ConsultingBusinessMarketingManagement
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Industrial Growth Institute episodes

  • B2B Sales Prospecting: Why Cold Calling Still Works

    Is email prospecting real, or just a comfortable fantasy? In this sales topics conversation, Ed Marsh and Derek Baer of Kurlan & Associates argue that the phone is still the most reliable way to start a B2B sales conversation. They also cover five topics every sales leader should be thinking about.

    Derek describes a recent test: a BDR sent 3,000 personalized video emails using Derek’s own voice. Not one person replied. Derek says he has never booked a meeting from a cold email. His point is that a human voice is hard to ignore and an email is easy to delete. He also explains why phone technique matters so much, and why a 22-year-old reading a script to a Fortune 100 executive makes people conclude that “the phones don’t work.”

    In this episode:

    • How hard should salespeople work? Derek’s view is “whatever it takes,” with a practical limit before burnout. He also talks about the heavy lift of the first six months in a new role. Ed tells the story of a 24-year Army special operations veteran who became the top BDR on his team within a quarter.
    • Intrinsic vs. extrinsic motivation. Not every rep is coin-operated. Ed and Derek discuss why intrinsically motivated reps may sandbag once they hit quota, and what that means for comp plans and accelerators.
    • Should managers know reps’ personal financial goals? Why that conversation is about motivation, not intrusion.
    • Comp during the ramp. In long sales cycles, they suggest rewarding things a new rep can control in the first 90 days: meetings, conversations, and real opportunities with real decision makers.
    • Email prospecting vs. the phone. Derek’s multi-touch sequence: a LinkedIn connection request before the first call, short voicemails, brief “call me back” emails, and about 12 touches with the spacing getting tighter over time. Plus a case for weekend calls to hard-to-reach executives.
    • Pipeline hygiene. How long a deal can sit with no activity before it’s dead, why stale deals inflate forecasts, and how “no decision” (The JOLT Effect) kills 40 to 60 percent of deals.
    • Closing thought: Be patient, and be kind, including to yourself.

    Key takeaway:
    “If you want to make more money, work harder. Make the calls. Do the work.”

    Mentioned in this episode:

    • The JOLT Effect by Matthew Dixon and Ted McKenna
    • Baseline Selling by Dave Kurlan

    Connect with Derek Baer:

    • LinkedIn: https://www.linkedin.com/in/derek-baer-68a234b9/

    Connect with Ed Marsh:

    • LinkedIn: https://www.linkedin.com/in/edwardbmarsh/
    • Ed Marsh Consulting: https://www.edmarshconsulting.com/
    • YouTube: https://www.youtube.com/@EdMarsh
    • X/Twitter: https://x.com/edbmarsh

    If you’re serious about industrial growth, subscribe, leave a review, and visit edmarshconsulting.com to keep the conversation going.

    42 min
  • Pirating Tech's Go-to-Market Playbook for Industrial Growth, with Brian C. Reed of Corsha

    Why do so many industrial companies still sell like it's 2005, while B2B software has built a whole cookbook of go-to-market recipes? Ed Marsh sits down with Brian C. Reed, Chief Market Officer at Corsha, to explore where tech marketing and sales meet traditional industrials. Brian has spent decades in software and cybersecurity, and now helps manufacturers secure the machines, robotics and physical AI that power modern production lines.

    They cover why communities beat SEO content farms, how to tell stories that stick, what physical AI means for the plant floor (and its security risks), how AI is changing sales, and how a mid-market manufacturer should build a GTM team from scratch. Brian closes with a challenge: what if you spent 2–3% more of your capital budget on professional go-to-market instead of that next quarter-million-dollar machine?

    In this episode:

    • Why being part of peer communities (Pavilion, TMA, CMO Coffee Talk) makes you better at building communities for your customers
    • Lessons from "unreasonable hospitality" and why service beats selling
    • Harry the Hair-on-Fire, Paul the Proactive Planner, and Carla the Compliance person: three buyer personas found in almost every market
    • Mapping the "communities of influence" around your ICP, and why you should join existing communities rather than build your own
    • How to find worthwhile communities when engineers mostly lurk
    • Information fragmentation: why the 20-page white paper is dead and snackable content wins
    • Making your content GPT-friendly so AI tools recommend you
    • From Duke BME/EE to CMO: learning the business side after a startup failed for lack of sales and marketing
    • Storytelling as the brain's native format, with the OT ransomware story as an example
    • Using AI as a writing and ideation companion without producing "AI slop"
    • What physical AI is and how it will transform inspection and quality in manufacturing
    • The security downside: constraints, fail-safes, and IT/OT/cloud convergence
    • How AI is reshaping sales, and what makes the best salespeople (empathy, team sports, hospitality backgrounds)
    • Marketing vs. sales: why you can't have a one-sided coin
    • Specialization vs. full-cycle sellers, SDRs, and high-low selling
    • Building a GTM team from scratch for a mid-market industrial manufacturer
    • Defining go-to-market enablement: people, process, technology and content
    • Why tech marketers should consider a move to industrials

    Links:

    • Brian C. Reed on LinkedIn: https://www.linkedin.com/in/briancreed
    • Corsha: https://corsha.com
    • Email Brian: [email protected]
    • Ed Marsh Consulting: https://edmarshconsulting.com

    Mentioned in this episode:

    • Pavilion (and the Pavilion podcast)
    • Technology Marketing Alliance (TMA)
    • CMO Coffee Talk
    • Unreasonable Hospitality by Will Guidara
    • StoryBrand
    • SANS Institute
    • ICS Village at DEF CON
    • Mike Holcomb (OT security educator)
    • OWASP
    • All Day DevOps
    • Dragos
    • ARM Institute
    • GridRaster
    • John Barrows
    • April Dunford
    • Podcasts: Nerd Talking Good, StoryBrand, Prof G, CMO Confidential, Hard Fork

    If you enjoyed this episode, please like, share, comment and subscribe, and pass it along to someone in your industrial network who'd find these ideas useful.


    1 hr 21 min
  • What's Old Is New Again: Print, PR, and the Future of B2B Media with Joe Angel

    Joe Angel — Executive Vice President of Industry Outreach for PMMI (The Association for Packaging and Processing Technologies), founder of Packaging World magazine, and a true legend in the packaging industry — joins Ed Marsh to unpack the full arc of B2B media, from bingo cards to AI.


    Ed and Joe cover:

    • Why PR and traditional media are becoming relevant again as SEO and organic search decline
    • The early days of launching Packaging World in 1993–94, and how print media measured leads before the internet
    • How the 2009 recession (not digital disruption) forced Summit Media to rethink its business — and led to the birth of digital lead-gen tools like landing pages
    • Why PMMI ultimately acquired Summit Media Group in 2014, and what "always-on" content means for trade shows@james
    • How manufacturers misuse (or underuse) verified audience data — and what smart companies do differently
    • Blending print, digital, and events: the "Game Plan" personalized show-floor guide as a case study in integration
    • Whether AI can replace editors — and the real risk Joe sees: losing decades of tacit engineering knowledge as experienced workers retire
    • Why in-person relationships and trade shows still matter, even in an AI-driven world
    • Joe's advice for treating marketing as an investment, not an expense


    Whether you're in packaging, industrial manufacturing, or B2B marketing more broadly, this conversation is a masterclass in how media strategy has evolved — and where it's headed next.


     Reach out to Joe directly via PMMI, or stop by the PMMI booth at the next PACK EXPO show.

    • Joe's LinkedIn: https://www.linkedin.com/in/joeangel/

    Note: As of this interview early 2026, the verified audience for PMMI “verified” database has changed to now a152,00 - the result of advanced data-cleaning/sweeping technology. Still the largest and most comprehensive database in packaging and processing

     Like, share, comment, and subscribe to the Industrial Growth Institute podcast for more conversations on growth, marketing, and strategy in industrial and middle-market businesses.


    #B2BMarketing #TradeShows #PackagingIndustry #IndustrialMarketing #PMMI #PackagingWorld #IndustrialGrowthInstitute

    1 hr 8 min
  • The Phone Call That Salespeople Won't Make with Derek Baer

    Derek Baer returns to the Industrial Growth Institute podcast for a candid, unscripted conversation about the sales accountability issues most companies avoid talking about.

    Ed and Derek dig into four core topics with plenty of detours, war stories, and a little friendly disagreement along the way:

    1. Do Performance Improvement Plans (PIPs) actually work? Why most companies wait too long, what a PIP should really look like, and how to handle a rep who's crushing quota but showing all the wrong behaviors
    2. "Telephonobia" — why so many salespeople avoid the phone, the self-limiting beliefs behind it, and a real story of a single cold call turning a "maybe in November" into an immediate opportunity
    3. Where marketing ends and sales begins — handling chatbot leads, using website visitor intent data, and why sales reps ignore some of the best tools they already have
    4. Creating deals vs. uncovering them — the real stats behind buyer shortlists, why only 3% of buyers are "in market" at any given time, and what that means for how you should actually be prospecting

    Plus: PIP horror stories, a secret side project proving that "our industry is different" is almost always an excuse, and why compensation structure quietly shapes rep behavior more than most leaders realize.

    👍 Like, share, comment, and subscribe to the Industrial Growth Institute podcast for more real talk on sales, growth, and accountability in industrial and middle-market businesses.

    💬 Disagree with something Derek or Ed said? Drop it in the comments — let's argue about it.

    #SalesLeadership #ColdCalling #SalesAccountability #PerformanceImprovementPlan #B2BSales #IndustrialGrowthInstitute #SalesManagement

    43 min
  • Why Private Equity Firms Ignore Portfolio Performance Data with Peter Caputa

    Peter Caputa (CEO of Databox, former 15th employee at HubSpot) returns to the Industrial Growth Institute podcast to unpack how business intelligence and AI-driven performance management can transform the way private equity firms oversee their portfolio companies.

    Ed and Peter dig into Databox's evolution from a marketing dashboard tool to a full business intelligence platform — now featuring OKR management and forecast modeling — and explore why organic growth remains the most under-supported piece of most PE investment theses.

    They cover:

    1. Why most PE and VC firms don't closely track portfolio company performance — and the risk that creates in today's market
    2. Goodhart's Law, vanity metrics, and Amazon's "weekly business review" approach to KPIs
    3. The five-step SPEARS framework (Strategize, Plan, Execute, Adjust, Repeat, Scale) for building a data-informed growth strategy
    4. Common blockers to becoming data-driven: broken CRM discipline, IT resistance, and misaligned incentives
    5. Correlation vs. benchmarking — and how portfolio-level comparisons could reshape PE diligence and oversight
    6. Why "inbound marketing" as a standalone strategy is dead, and what's replaced it (multi-channel, multi-format, multi-perspective content)
    7. How AI and agentic systems are pushing businesses toward being managed more like algorithmic hedge funds

    Whether you're a PE operating partner, a portco executive, or just curious how data discipline separates high performers from the rest, this conversation is packed with frameworks you can apply immediately.

    🔗 Learn more about Databox: databox.com

    Connect with Peter on LinkedIn
    https://www.linkedin.com/in/pc4media/

    📘 Check out Peter's course, Predictable Scale: databox.com/predictable-scale

    👍 Like, share, comment, and subscribe to the Industrial Growth Institute podcast for more conversations on growth, strategy, and operations in industrial and middle-market businesses.


    #PrivateEquity #BusinessIntelligence #DataDriven #B2BMarketing #PortfolioManagement #Databox #GrowthStrategy #IndustrialGrowthInstitute


    1 hr 5 min
  • Objection Handling - Overcoming Buyers' Epistemological Truths with Ed Marsh

    Why can't successful industrial leaders change — even when they know they should? It's not stubbornness. It's not bias. It's something deeper: their beliefs aren't opinions — they're truths. And you can't argue with truth.

    How often is that dissonance the real source of buyer objections?

    Understanding epistemological truths — and how to work with them instead of against them — is the key to unlocking change in your company and in your buyers.

    In this solo Episode #76, host Ed Marsh explores why middle-market industrial companies struggle to adapt, even when the evidence for change is overwhelming, and lays out five practical strategies for navigating buyers' deeply held beliefs.

    Summary

    In this episode, Ed Marsh introduces the concept of epistemological truths — beliefs grounded in real evidence and experience that function as unassailable truth for the person holding them. He explains why these truths, not simple bias, are the real barrier to change in middle-market manufacturing companies. Using eleven common examples from industrial sales and marketing, Ed shows how two people can hold completely contradictory yet fully justified truths — and why that makes traditional persuasion useless.

    He then presents five strategies for working with epistemological truths rather than against them:

    • Explore whether their truths are delivering the outcomes they need
    • Surface contradictory evidence without attacking the belief
    • Test predictions that their truths imply
    • Run premortems comparing outcomes under different assumptions
    • Follow a truth to its logical conclusion to reveal gaps
    • Takeaways

      • What we call "bias" in business is often epistemological truth - beliefs backed by real evidence and experience
      • You cannot hold two contradictory truths simultaneously, which is why change feels impossible
      • The traits that made founders and Gen2 leaders successful become their ceiling
      • Telling buyers they're wrong doesn't work - their truth is as justified as yours
      • Companies that repeat the same messaging as competitors get deflected by buyers' existing truths
      • Consultative sales and marketing must help buyers examine whether their truths serve their goals
      • Creating new recognition beats forcing confrontation every time
      • The political polarization analog applies directly to B2B sales conversations
      • Sales reps who bring business acumen and outcomes focus can reach CEOs; those peddling specs cannot
      • 84% of the time vendors are contacted, the spec doesn't change - so create projects, don't just find them
      • Five practical strategies can help you navigate buyers' epistemological truths without attacking them
      • Takeaway Quote from Ed Marsh

        • "Stop trying to convince buyers they're wrong. Start helping them discover whether their truths are serving their goals."
        • LinkedIn: Ed Marsh

          Twitter: Ed Marsh

          Instagram: Ed Marsh

          YouTube: @EdMarsh

          Show Transcript 

          Chapters

          00:00 🧱 Perception Is Reality — Or Is It?
          01:58 🔄 Why Smart Leaders Can't Pull the Trigger on Change
          03:25 🗳️ The Political Polarization Analog
          04:25 📚 Defining Absolute Truth, Epistemological Truth & Bias
          06:35 🏭 11 Epistemological Truths Industrial Leaders Hold
          08:59 🧠 Why You Can't Hold Two Contradictory Truths
          11:26 ⚔️ The Sales Challenge: Competing Against Buyers' Truths
          12:25 🛠️ Five Strategies to Navigate Epistemological Truths
          15:41 💡 From Tactics to Transformation
          16:48 🎯 Stop Convincing — Start Guiding
          31 min
        • Busting Myths and Dropping Truths About B2B Industrial Sales with Derek Baer

          B2B sales in 2025 is confusing.

          On the one hand, it's just the same as it's been for years. We need to connect with buyers, build trust, and guide them through decisions.

          On the other hand, it's a completely different beast.

          That's why Derek Baer is in the studio this week, for a free-wheeling, no-holes-barred discussion and debate on sales topics.

          It's time to get comfortable being uncomfortable!

          We talk:

          • Whether to track "quotes" as a metric
          • Whether anyone can be trained to sell successfully
          • Accelerators (kickers) in sales compensation
          • Whether we should hire for technical/industry knowledge, and more.
          • And the conversation is blunt. "Tell them to f$%k!ng apply" Derek says at one point!

            Summary

            Derek Baer brings a new format to the studio this week, debating and discussing B2B sales topics. He and Ed disagree about various aspects of sales, and agree about others. Topics include:

            • the importance of tracking quotes
            • the compatibility of salespeople with complex B2B sales
            • qualities that make a great sales rep
            • role of sales decks - significance of accelerators in compensation plans
            • how to manage underperformers and disrupters within sales teams.
            • The conversation emphasizes the need for continuous improvement and investment in sales skills, drawing parallels between sales and other professional pursuits.

              Chapters

              00:00 Introduction to Sales Metrics and Tracking Quotes
              09:04 The Compatibility of Salespeople in Complex B2B Sales
              15:56 Defining Traits of a Great Sales Rep
              23:24 The Role of Pitch Decks in Sales
              27:29 Understanding Sales Accelerators and Compensation Plans
              29:53 Explaining Sales Compensation to the Team
              32:42 Managing Underperformers in Sales Teams
              35:45 The Impact of Team Dynamics on Performance
              41:19 Investing in Sales Skills for Long-Term Success
               
              Resources

              Check out Derek's Sales Training website. 


              LinkedIn: Derek Baer and Ed Marsh

              Twitter: Ed Marsh

              Instagram: Derek Baer and Ed Marsh

              YouTube: @EdMarsh

              Show Transcript 

               
              Insanity is Doing the Same Things and Expecting Different Results
               
              By Einstein's definition, most industrial sales teams are insane. Buyers, their behavior, and AI have changed so much, and yet most teams are operating much the way they have for years.
               
              Derek's straight talk deliveres an important message - so does Ed's recent paper on changes in industrial sales and marketing.
               

              Read more from Ed's recent paper on these critical changes.

              47 min
            • Tips on How to Build an Effective Industrial Sales and Marketing Website in an AI World with Joe Jerome

              If you haven't asked yourself how to build a B2B website in the new post AI world, you're site is probably underperforming.

              Not only has technology advanced, but buyer expectations for features, UX, navigation, and utility have changed. More importantly, the goal of your site has changed as buyer behaviors and search have changed. Today a site works mostly at the bottom of the funnel - the decision stage.

              So your top of the funnel marketing must be accomplished using different tools and approaches.

              Joe Jerome brings years of design and development experience, and a keen sense of what your industrial marketing website needs to accomplish.

              Chapters

              00:00 Introduction to Website Strategy for B2B
              05:54 Aligning Website Goals with Business Objectives
              12:27 The Impact of AI on Website Design
              25:50 Continuous Website Evolution vs. Episodic Projects
              32:42 Balancing Aesthetics and Functionality in Design
              39:38 SEO and Migration Management
              44:54 The Role of Websites in the Sales Process
              46:29 Understanding User Behavior on Websites
              57:49 The Evolution of Website Forms
              01:02:37 Empowering Marketing Teams with Website Control 
              01:05:51 When to Redo Your Website
               
              Resources

              Check out Joe's Brand Builder Solutions website. 


              LinkedIn: Joe Jerome and Ed Marsh

              Twitter: Ed Marsh

              Instagram: Ed Marsh

              YouTube: @JoeJerome and @EdMarsh

              Show Transcript 

               
              The Website is NOT the Only Thing That Has to Change!
               
              AI, Google Search, SEO, buying teams, buying journeys - it's all changing. Quickly. Yes, listen to Joe's tips on how to update your website, but beyond that, there's work to do on the rest of your manufacturing marketing, your industrial sales, and more. That's what I discuss in this guide.
               

              Read more from Ed's recent paper on these critical changes.

              1 hr 12 min
            • Unlocking Machinery Revenue Opportunities for OEMs Who Embrace the Used Machinery Market with Matt Smith

              If you're a machinery OEM you probably would like to ignore used machines. They're a hassle. For customers who own them, you have to provide support as components become obsolete and tribal knowledge dwindles.

              When you compete against yourself, that's particularly frustrating, especially when it seems like buyers are just trying to save a few bucks and don't care about the hard work of R&D and improvement that you've invested in.

              But buyers may see it differently, and Matt Smith draws on years of deep insight in global used machinery markets to explain why it's an entirely rational (not cheap) decision for some buyers in some situations, and why OEMs may cost themselves years of profitable new machinery and after-market sales by ignoring used machines.

              Stop ignoring and scoffing at used machines, and consider incorporating them into your overall offering using some of Matt's recommendations.

              Chapters

              00:00 Introduction to the Challenge of Self-Competition
              04:03 Understanding Global Asset Optimization
              10:17 The Dynamics of the Used Machinery Market
              19:23 Leveraging Lead Time and Flexibility
              24:08 The Role of OEMs in the Used Machinery Market
              31:48 Navigating Capital Investment Decisions
              40:09 The Importance of Risk Management in Equipment Purchases
              46:05 Conclusion and Key Takeaways
               
              Resources

              Check out Matt's website and other recommended used machinery resources:

              AOTCO Surface Finishing
               
              Asset Industry Resources Mentioned in the Episode:
              Investment Recovery Association
              EquipNet
              BidSpotter
              LabX
              Surplus Solutions
              Surplus Sherpa 

              LinkedIn: Matt Smith and Ed Marsh

              Twitter: Ed Marsh

              Instagram: Ed Marsh

              YouTube: @EdMarsh

              Show Transcript 

              Rethinking Our Market Attitudes and Assumptions
               
              Recognizing the potential of used machines as a business benefit rather than a threat is just one example of how we should adjust our market assumptions.
               
              Buyer habits and expectations are changing, just as AI is shifting how buyers search and consider complex decisions.
               

              Read more from Ed's recent paper on these critical changes.

              55 min
            • Public Relations and Industrial Marketing in a Post SEO Content Apocalypse with Greg Matusky

              If you're not embracing PR as a key pillar of your industrial marketing strategy, you're probably not going to survive the collapse of traditional SEO driven content marketing!

              AI is disrupting everything about how buyers think, research, learn, evaluate and buy. It's overwhelming and we can only guess about where we'll be in five years. In the meantime, we have to position ourselves to thrive amidst the trends and changes we see. That means that we must become known and trusted - and SEO experts like Rand Fishkin and Marcus Sheridan suggest that the playbook of Public Relations is an important element of that. But you have to do it right.....

              So this week, Greg Matusky, founder of one of the 40 largest PR firms in America, joins me to talk about AI, marketing, disruption, and the reshaped role of PR as an element of manufacturing marketing.

              If you're ready to go from worrying about traffic to making an industrial marketing impact, hit play and learn from Greg.

              Chapters

              02:12 Understanding the Role of PR
              06:04 The Evolving Landscape of PR and Manufacturing Marketing
              23:31 Building Relationships Through Video
              30:36 Navigating PR Strategies
              33:15 The Future of SEO, PR, and Industrial Manufacturing Revenue Growth
              54:09 The Future of AI and PR
              01:07:08 Managing Long-Term PR Trends
              01:10:20 The Board's Role in PR
              01:13:34 The Critical Role of PR in Industrial Marketing
               
              Resources

              Check out Greg's website and podcast: Gregory FCA and The Disruption is Now

              LinkedIn: Greg Matusky and Ed Marsh

              Twitter: Greg Matusky and Ed Marsh

              Instagram: Ed Marsh

              YouTube: @GregoryFCA and @EdMarsh

              Show Transcript 

              You're Marketing and Selling to YESTERDAY'S Buyers!
               
              Buyers' behaviors are shifting quickly. Industrial sales and manufacturing marketing teams must adapt radically and quickly. Traditional approaches are failing. We need to change, but first we need to understand how buyers are changing, how their behaviors are evolving, and what that means to us.
               

              Read more from Ed's recent paper on these critical changes.

              1 hr 18 min

            About Industrial Growth Institute

            From the publisher's feed

            Ed Marsh is a founder, Army veteran, independent board director, manufacturing marketing expert, and industrial sales leader. He has marketed and sold millions of $ of B2B industrial manufacturing…