1 00:00:00,000 --> 00:00:05,900 Kevin Mako: Hello, product innovators. Today we learn from a corporate storytelling author on best practices around crafting your product 2 00:00:05,900 --> 00:00:09,780 Kevin Mako: and brand story to ensure a successful product launch and lasting growth. 3 00:00:09,900 --> 00:00:17,720 Narrator: You're listening to the Product Startup Podcast, a show to learn from top leaders in product development, prototyping, manufacturing, product selling, and everything in between. 4 00:00:17,940 --> 00:00:22,460 Narrator: Hosted by Kevin Mako, the leading expert on product development for physical product startups, sponsored 5 00:00:22,460 --> 00:00:29,980 Narrator: by PTC's two best-in-class 3D CAD product development software solutions Onshape and Creo, and produced by Mako Design + Invent, the original firm. 6 00:00:30,000 --> 00:00:35,200 Narrator: providing world-class consumer product development services tailored specifically to startups small manufacturers 7 00:00:35,200 --> 00:00:44,520 Kevin Mako: and inventors welcome back everyone today i'm very excited to introduce Steve Multer to the show steve is the author of nothing gets sold until the story gets told which can be 8 00:00:44,520 --> 00:00:50,920 Kevin Mako: found on amazon and all major book retailers he has done over 20 000 presentations and worked with major hardware brands 9 00:00:50,920 --> 00:00:55,920 Kevin Mako: such as cisco panasonic semen's HP phillips xerox and over a hundred more all on crafting 10 00:00:55,920 --> 00:00:59,980 Kevin Mako: product and brand messaging today steve is going to share some valuable knowledge in how inventive 11 00:01:00,000 --> 00:01:03,840 Kevin Mako: vendors, startups, and small manufacturers can understand what corporate storytelling is, 12 00:01:04,140 --> 00:01:09,060 Kevin Mako: what the main components of a well-crafted sales or brand story has, and best practices around 13 00:01:09,060 --> 00:01:16,300 Kevin Mako: both launching a new hardware product, but also maintaining a brand connection for long-term customer loyalty. Now on to the episode. 14 00:01:17,440 --> 00:01:22,900 Kevin Mako: Hey, Steve, welcome to the show. Kevin, thank you so much. Such a joy to be here with you and with your audience. 15 00:01:23,000 --> 00:01:30,780 Kevin Mako: Truly appreciated. Well, I'm really excited it today to talk to you about storytelling, particularly around launching a new hardware product. 16 00:01:30,940 --> 00:01:35,460 Kevin Mako: Corporate storytelling, as you term it, is a really important thing, not just for the launch of 17 00:01:35,460 --> 00:01:40,280 Kevin Mako: a product, but for the ongoing success of the lifespan of the product and the product brand 18 00:01:40,280 --> 00:01:45,220 Kevin Mako: itself. So what better person to talk about it than the person who has literally wrote the book on corporate stories telling. 19 00:01:45,280 --> 00:01:48,700 Kevin Mako: First of all, congratulations on that big success. You launched that 20 00:01:48,700 --> 00:01:53,760 Steve Multer: month ago, very successful book, and people can buy it every enough. Absolutely. Nothing gets sold until 21 00:01:53,760 --> 00:01:59,900 Steve Multer: the story gets told, available in any format, pretty much everywhere that you want it. But it's just been a super exciting process. It's been a long time coming. 22 00:02:00,020 --> 00:02:05,420 Steve Multer: People said to me for years, you got to write a book. And I said, oh, good. I think like 30 people will be interested in reading that book. And then I 23 00:02:05,420 --> 00:02:12,640 Steve Multer: just sort of had to come to whatever I thought was going to be the most valuable, the most beneficial for people. And I think we stumbled on something good. 24 00:02:12,740 --> 00:02:21,420 Kevin Mako: And it's just been really fun. Before we dive into the details on best practices around storytelling for a big product launch, especially for a hardware startup and 25 00:02:21,420 --> 00:02:30,660 Kevin Mako: scaling from there, give us a bit of a history. You've been in this. space for over 25 years, thousands of keynotes all over the world. I think you said 37 countries, 38 states. 26 00:02:30,900 --> 00:02:36,160 Steve Multer: That's impressive. Yeah, it's an awful lot of time in an airplane tube and living out of a suitcase. But yeah, it's loads of fun. 27 00:02:36,300 --> 00:02:42,880 Steve Multer: Back when I started doing it, it was during the dot-com boom of the mid-1990s. And back then, of course, as most of us here have read about, everybody was an 28 00:02:42,880 --> 00:02:47,180 Steve Multer: overnight gazillionaire and was being bought up left and right by large corporations, IBM, 29 00:02:47,560 --> 00:02:56,100 Steve Multer: Disney Computer Associates, all of these companies who were just snatching up smaller brands left and right. And when I began, the learning curve was so steep because people 30 00:02:56,100 --> 00:03:02,320 Steve Multer: like me who started speaking on behalf of corporations, we just ramped into it so rapidly. So every week was a different 31 00:03:02,320 --> 00:03:09,040 Steve Multer: technology, a different capability, something new to onboard, a new group of people to meet. And you'll learn so much so quickly. 32 00:03:09,220 --> 00:03:16,540 Steve Multer: And in the case of this particular podcast, an audience when you're talking hardware, man, the hardware engineering that I onboarded so quickly working 33 00:03:16,540 --> 00:03:21,800 Steve Multer: for corporations like Cisco, like HP, like computer associates, Tiboli systems, all these 34 00:03:21,820 --> 00:03:25,920 Steve Multer: different groups that I was working with, man, I learned in huge amount rapidly. And it stuck 35 00:03:25,920 --> 00:03:34,540 Kevin Mako: with me for all these years. It's been a real gift. Oh, that's amazing. And corporate storytelling or telling the story about your product is a huge opportunity. 36 00:03:34,820 --> 00:03:40,960 Kevin Mako: It's also a huge pitfall for hardware startups. I think everybody knows in one way or another, marketing or advertising is a form of 37 00:03:40,960 --> 00:03:46,240 Kevin Mako: storytelling. But the core to storytelling is so important to make sure that that's done well. And so that 38 00:03:46,240 --> 00:03:51,800 Kevin Mako: actually lasts the test of time, which is beyond just your initial launch. So before we get into both 39 00:03:51,820 --> 00:03:56,300 Kevin Mako: launching a product and the ongoing community building and corporate storytelling after you launch a 40 00:03:56,300 --> 00:04:00,740 Kevin Mako: product. First and foremost, just describe what is storytelling, particularly to 41 00:04:00,740 --> 00:04:06,740 Steve Multer: a new hardware startup. Oh, it's a perfect place to start, Kevin. All right, so going back about 150 years now, 42 00:04:06,860 --> 00:04:15,320 Steve Multer: little company called John Deere, which I'm sure everybody knows quite well, developing farming equipment. And John Deere came up with a concept back in the 1890s. 43 00:04:15,520 --> 00:04:22,960 Steve Multer: This was after Deere himself had already passed away. But the company said, all right, we've been selling tractors. And we've been doing it for 50 years at this particular point. 44 00:04:23,060 --> 00:04:30,720 Steve Multer: People have gotten bored with us as a company. We're old, we're stayed. We've got a lot of new startups out there who are developing new products. How can we 45 00:04:30,720 --> 00:04:39,120 Steve Multer: maintain that connection to our audience or how can we even grow further from where we are right now? They came up with an idea called content marketing. 46 00:04:39,220 --> 00:04:41,300 Steve Multer: They put out a publication called The Furrow in 47 00:04:41,980 --> 00:04:49,080 Steve Multer: 1895. And it went to this idea that instead of selling a product, how do you tell a story that 48 00:04:49,080 --> 00:04:55,060 Steve Multer: the buyer recognizes, feels a part of, and becomes invested in. And a hundred years later, 49 00:04:55,300 --> 00:04:59,660 Steve Multer: we find ourselves in this realm of corporate storytelling, which is really the idea of combining 50 00:04:59,660 --> 00:05:04,900 Steve Multer: the details of your product, your service, your solution, your capability, with personal 51 00:05:04,900 --> 00:05:11,440 Steve Multer: experiences that your audience can relate to, that they can find value in personally and become passionate about. 52 00:05:11,680 --> 00:05:21,220 Steve Multer: And if you can combine that corporate storytelling with the phenomenal capabilities of your engineering startup product, now you have something that is not only going to 53 00:05:21,220 --> 00:05:30,260 Steve Multer: create incredible empowerment before your launch and through your launch, but also will stick with you post launch as you scale and as you grow out into the future so 54 00:05:30,260 --> 00:05:35,700 Steve Multer: you never forget what it is that made your product or your company so special in the first place. 55 00:05:35,860 --> 00:05:45,540 Kevin Mako: That's very powerful. I mean, so much can be amplified about your actual product and so many hardware startups focus on the actual features of the product, not on what the customer 56 00:05:45,540 --> 00:05:54,980 Kevin Mako: actually wants. So I want to dive into these details a bit more. What are these different elements or the different structural pieces of creating a great story to 57 00:05:54,980 --> 00:06:01,020 Steve Multer: be able to best sell your hardware product? All right, perfect. So it's such a good setup, Kevin. First of all, two things I'm 58 00:06:01,020 --> 00:06:09,320 Steve Multer: going to mention, my mantra, and I always encourage everybody to make this their mantra as well, don't tell them what you want to tell them, tell them what they want to hear. 59 00:06:09,380 --> 00:06:19,020 Steve Multer: That requires knowing your audience so well, knowing your buyer, knowing your marketplace. We frequently, get very egotistical. And it's not in a negative way. 60 00:06:19,340 --> 00:06:27,660 Steve Multer: It's that we know our stuff. We are experts at what it is that we do. And we believe very, very deeply in what it is that we are trying to create within our startup. 61 00:06:27,920 --> 00:06:36,620 Steve Multer: But that can create a barrier between what we are trying to accomplish and the market that we are attempting to sell to. We have to always remember the story that our 62 00:06:36,620 --> 00:06:45,180 Steve Multer: audience wants to hear and tell them that story first and foremost and keep it at the forefront. So don't tell them what you want to tell them, tell them what they want to hear. 63 00:06:45,540 --> 00:06:54,900 Steve Multer: Part of that is the platforms or what I call the pillars of a great corporate story. And those pillars, and we can go into detail on them as much as you'd like, are value, passion, 64 00:06:55,800 --> 00:07:04,980 Steve Multer: and connection. Very quickly, value. Not what is the value of your product, but what value does your product create for the marketplace? 65 00:07:05,320 --> 00:07:13,140 Steve Multer: As you are putting your engineering startup together, it's not just what problem are you trying to solve, but how do you change people's lives for the better with your product? 66 00:07:13,140 --> 00:07:19,960 Steve Multer: And the better you can tell them that story, not the fine details of your product, the more you create value for their day-to-day lives that 67 00:07:19,960 --> 00:07:27,140 Steve Multer: improves their status quo, the more success you're going to have at the moment of launch and then beyond. Number two, passion. 68 00:07:27,400 --> 00:07:37,060 Steve Multer: We frequently lose passion for why we do what we do. Simon Sinek talks about this all the time. So as you are creating this startup, this could be a process that you 69 00:07:37,060 --> 00:07:45,260 Steve Multer: are six years into, eight years into, 10 years into, you're still trying to find investors, still trying to get it off the ground, or get it to the level that you want. 70 00:07:45,280 --> 00:07:50,280 Steve Multer: really easy to lose your passion during all that time. The more passionate we are about what we do, 71 00:07:50,700 --> 00:07:56,760 Steve Multer: other people can feel that and they want to become passionate about it themselves. We bring them into our mindset. 72 00:07:57,360 --> 00:08:05,160 Steve Multer: And as you're working through your startup, you always want to try to figure out ways to maintain that passion. And the number three, connection. How do we connect with people? 73 00:08:05,500 --> 00:08:11,900 Steve Multer: We don't do it with numbers, KPIs, statistics, and data. We do it by telling them a story that they 74 00:08:11,900 --> 00:08:18,260 Steve Multer: recognize and that they themselves feel a part of. Yuri Hassan of the Hassan Lab at Princeton University 75 00:08:18,260 --> 00:08:25,600 Steve Multer: calls this brain coupling, the idea that we have shared experiences. So all of you as your engineering 76 00:08:25,600 --> 00:08:31,580 Steve Multer: startups, as your leadership and as your C-suite of this new organization, you can establish a 77 00:08:31,580 --> 00:08:38,160 Steve Multer: connection with your buying audience long before you ever talk with them, meet them, or they have any interest in your product. 78 00:08:38,220 --> 00:08:46,700 Steve Multer: And you do it by establishing a recognizable story that they feel a part of and connect to. And there are phenomenal connection brands out there across the 79 00:08:46,700 --> 00:08:52,780 Steve Multer: world, folks like Apple, Nike, McDonald's, who do this on a masterful level. And even if you're a 80 00:08:52,780 --> 00:08:57,040 Steve Multer: small, very, very small engineering startup, and you're just creating your hardware product for 81 00:08:57,040 --> 00:09:04,900 Kevin Mako: the first time, it doesn't matter if you have your budget or Apple's budget. Your storytelling can be equally powerful. Wow, that's some very powerful stuff. 82 00:09:05,000 --> 00:09:13,660 Kevin Mako: And I love how you bring the concept of the CEO president head of the product, because it's a hardware startup, as an innovator, as the inventor of the product, that is you. 83 00:09:13,920 --> 00:09:20,280 Kevin Mako: And so much of that, I mean, you mentioned here, passion and connection, value, these three very critical pillars to this. As the founder, 84 00:09:21,080 --> 00:09:26,760 Kevin Mako: you have the ability with your own story to bring that to your audience, to your prospective 85 00:09:26,760 --> 00:09:31,520 Kevin Mako: buyers. One of the biggest things that I advocate to any hardware startup, whether they're a 86 00:09:31,520 --> 00:09:36,120 Kevin Mako: professional speaker or they've never once spoke in front of an audience or a crowd or a camera 87 00:09:36,120 --> 00:09:45,280 Kevin Mako: in their life. It doesn't matter because that is an authentic self, passionate person who created the product and is getting it to market, you are the story. 88 00:09:45,580 --> 00:09:51,460 Kevin Mako: And that's a huge edge that you have over the corporation as well. You have your own personal story that you can use to nail those three 89 00:09:51,460 --> 00:09:53,720 Kevin Mako: massive pillars that Steve is talking about here. 90 00:09:53,840 --> 00:10:02,680 Steve Multer: So what better person than you to be your own personal story advocate as long as it's structured the right way? Absolutely. I think, Kevin, that is such a vital point. 91 00:10:02,840 --> 00:10:11,460 Steve Multer: So in a great 2014 publication called Frontiers in Human Neuroscience, they dealt with this concept of glossophobia. Glossophobia is simply, 92 00:10:11,480 --> 00:10:17,940 Steve Multer: the Latin mashup term for fear of public speaking. Glossa meaning tongue, phobia meaning fear, fear of public speaking, right? 93 00:10:18,240 --> 00:10:24,700 Steve Multer: The idea of glossophobia stems from a concept called FNE, fear of negative evaluation. 94 00:10:25,120 --> 00:10:33,480 Steve Multer: So for those of us who are within a hardware startup or any kind of a startup organization, frequently we doubt the story that we have to tell because we're worried 95 00:10:33,480 --> 00:10:41,460 Steve Multer: about negative evaluation. We're worried about judgment from others that they will hear our story and they'll deem it not worthy. And as you just said a moment ago, we are, 96 00:10:41,480 --> 00:10:49,580 Steve Multer: the story. When you have your hardware startup and you are building something brand new, you are the story. When people invest, they're not investing in numbers. 97 00:10:49,980 --> 00:10:57,820 Steve Multer: They're investing in you as a human being because we all process information in a hierarchy of three levels. The first level of processing, 98 00:10:58,020 --> 00:11:06,340 Steve Multer: we're hit by 10,000 bits of stimuli that come in every day, every human being. So we have to make snap, knee-jerk decisions on the nature of value. 99 00:11:06,500 --> 00:11:12,420 Steve Multer: And we, I always call it binning, right? We have our high value bin, our medium value bin, our low value bin, our low value bin, and our no value bin. 100 00:11:12,640 --> 00:11:20,980 Steve Multer: 10,000 bits of stimuli hammering us, the smartest person in the room simply can't process that much data on an ongoing basis. We don't have the bandwidth, right? 101 00:11:21,280 --> 00:11:29,000 Steve Multer: So it arrives and we throw it into the corresponding bin, and everybody wants to get the high value bin, but everything goes into the low value or no value bins. 102 00:11:29,120 --> 00:11:38,200 Steve Multer: The high value bin for you as a startup with your hardware company, with your product, with your capability, the way you get into that bin is not going to be 103 00:11:38,200 --> 00:11:43,560 Steve Multer: by numbers and metrics alone. Yes, I'm sure your product is fantastic and you want to prove value of 104 00:11:43,560 --> 00:11:47,220 Steve Multer: the product. But the way you're going to get in the high value bin is by combining that product 105 00:11:47,220 --> 00:11:51,800 Steve Multer: with the story, the passion story and the value story that goes behind it. And that is you, 106 00:11:52,480 --> 00:11:59,960 Steve Multer: 100% you. So trust yourself to tell your own story. Trust yourself to share the human emotion and passion behind the story. 107 00:12:00,240 --> 00:12:07,880 Kevin Mako: You will hook far more people. Investors early, buyers post launch. It's going to work for you. Wow. That's very powerful. 108 00:12:08,200 --> 00:12:14,840 Kevin Mako: love how you break it into that chronological order, too, because one of the first things you might be doing is raising an investment round or getting early stakeholder buy-in. 109 00:12:14,940 --> 00:12:23,180 Kevin Mako: Even if it's hiring somebody or even if it's working with an agency, you want to get the best agency to work with you that is going to be fair-priced and deliver great products. 110 00:12:23,280 --> 00:12:30,060 Kevin Mako: You want them to be excited end-to-end, whether it's the sales rep that you're talking to or whether it's the designers or engineers that are working on your product. 111 00:12:30,060 --> 00:12:37,460 Kevin Mako: They are a stakeholder and you want to get them to buy in at every level of a hardware in development. There is stakeholders. 112 00:12:38,200 --> 00:12:46,840 Kevin Mako: And those stakeholders matter. And the better that you can essentially still both your story and, of course, the story of the product, the more engage those stakeholders will be. 113 00:12:47,000 --> 00:12:52,900 Kevin Mako: And they will get more important as it comes along the pathway and more financially lucrative, especially as you get to the point of investors. 114 00:12:53,120 --> 00:12:57,440 Kevin Mako: And then further down the path, you're actually trying to convince people who have never seen your product before and 115 00:12:57,440 --> 00:13:00,640 Kevin Mako: know nothing about you that they should whip out their wallet and buy your thing. 116 00:13:00,920 --> 00:13:07,040 Kevin Mako: And then, of course, beyond that, you want to enhance your brand and grow the business from there or whatever else or sell it or whatever your goal is. 117 00:13:07,040 --> 00:13:10,640 Kevin Mako: there's going to be an even bigger stakeholder down the road that you're going to need to build that story around. 118 00:13:10,920 --> 00:13:20,280 Steve Multer: All of this comes down to this foundational logic of building a great story and leveraging that story through the growth of your product's journey. Yes, that's absolutely right. 119 00:13:20,580 --> 00:13:29,240 Steve Multer: Think about a good story for your startup from the passion perspective alone. Let's talk about those stakeholders, right? So any stakeholder, any investor, 120 00:13:29,360 --> 00:13:36,420 Steve Multer: anybody who is in with you from the very beginning of your startup, they are looking for what? They're looking for bottom line. They want performance. They want ROI. This is where 121 00:13:36,420 --> 00:13:43,820 Steve Multer: their focus is. If there is no story behind the product and its product alone, the only proof of success that you have is the dollar sign. 122 00:13:44,100 --> 00:13:50,760 Steve Multer: It's the wallet. That's it. And if you don't perform, your stakeholders are not going to be happy. They're not going to be where they feel that they ought to be. 123 00:13:51,060 --> 00:13:55,860 Steve Multer: However, when you add passion story and they begin to feel passionate about your product, 124 00:13:55,980 --> 00:14:02,140 Steve Multer: about your hardware startup, about your engineering capability, what it is you are trying to achieve, it's not that the bottom line goes away. 125 00:14:02,140 --> 00:14:09,680 Steve Multer: It's that there's now another level of investment on their part. So if it takes longer to reach the dollar signs that they are hoping for and looking 126 00:14:09,680 --> 00:14:17,780 Steve Multer: for, that passion of the story, the why behind why you do what you do, that will sustain people as well. 127 00:14:17,800 --> 00:14:25,260 Kevin Mako: That will make the one to invest even more deeply. And it will also give you more of a ramp to success to be able to create what it is that you are hoping to create. 128 00:14:25,660 --> 00:14:32,120 Kevin Mako: Yeah, that leniency is so important, especially in hardware development. There are going to be hurdles. You're developing a new innovative product. 129 00:14:32,340 --> 00:14:39,960 Kevin Mako: So inevitably, there's going to be market hurdles, design hurdles, production hurdles, intellectual property hurdles, whatever it might be, there are going to be those things. 130 00:14:40,140 --> 00:14:49,320 Kevin Mako: So if you can provide yourself with a bit of rope, a little extra string attached, then just a dollar sign, allow for a bit of lenience to be able to design well 131 00:14:49,320 --> 00:14:57,320 Kevin Mako: and really build a great product. This storytelling gives you that ability to essentially stretch out the dollar further, right? And stretch out your time. 132 00:14:57,500 --> 00:15:04,100 Kevin Mako: And that time, those dollars are very important in a hardware startup especially. I mean, really in any organization, but a hardware startup is there with 133 00:15:04,100 --> 00:15:12,100 Steve Multer: the new innovation that is really trying a number of things for the very first time, you want to build in that leniency. Yes, that's absolutely right. 134 00:15:12,240 --> 00:15:19,440 Steve Multer: And you also want to build in that foundational, right? You had a great, great, great conversation earlier this month with Will Ford of LaunchBoom that I really loved. 135 00:15:19,520 --> 00:15:28,500 Steve Multer: I really attached to it because he was talking about the pre-launch strategies and how you want to build a community first. Start with community, right? And he told 136 00:15:28,500 --> 00:15:33,060 Steve Multer: you specifically about one story that I thought was great, where Backer Reservations, because of a really good 137 00:15:33,060 --> 00:15:39,420 Steve Multer: community went up 30 times in their likelihood to commit once the launch took place. Why was a good story. 138 00:15:39,620 --> 00:15:49,200 Steve Multer: It was that way of creating that foundational connection to the reason for the brand, the reason for the hardware capability first before going to market that 139 00:15:49,200 --> 00:15:55,220 Steve Multer: established not only that community to begin with before that company that he was talking about when to launch, but then 140 00:15:55,220 --> 00:16:02,880 Steve Multer: also helped to sustain them through the launch process and into the initial scaling in year one, year two, that first outreach, why? 141 00:16:03,060 --> 00:16:07,340 Steve Multer: Why? Because people connected to the story of the company and 142 00:16:07,340 --> 00:16:14,300 Kevin Mako: the story of the product. It really will make all the difference in the world to anybody putting together an engineering startup. Steve, that's amazing stuff. 143 00:16:14,480 --> 00:16:22,780 Kevin Mako: First of all, thanks for listening to the episodes of the podcast. I appreciate that. And yes, that was a fantastic segment and really highlights the power of community, of course, 144 00:16:22,860 --> 00:16:31,720 Kevin Mako: which is built via that corporate storytelling. That's how you get a new member into the community. It's really selling not just the product, but the reason behind the product. 145 00:16:31,720 --> 00:16:36,340 Kevin Mako: A lot of the time, actually, what's hooking somebody in isn't necessarily the initial 146 00:16:36,340 --> 00:16:39,640 Steve Multer: feature set of the product, but it's believing in that person or the product brand. 147 00:16:39,820 --> 00:16:45,580 Steve Multer: And usually for somebody to believe in the product brand, it's because they believe in the person that's behind the brand. Let me give you one more example. 148 00:16:45,680 --> 00:16:52,480 Steve Multer: And I know we're tight on time here, but I want to leave everybody with one more example. Think of this long term as well. Your post-launch, everything's been hugely successful. 149 00:16:52,820 --> 00:16:59,880 Steve Multer: It's gone beautifully. You've ramped up. You've scaled really well. You've onboarded a number of clients. And now you'll find yourself a decade down the line. 150 00:17:00,080 --> 00:17:06,240 Steve Multer: What is going to sustain you? What is going to sustain you? What is is going to maintain your internal corporate story, the beating heart of why you started this 151 00:17:06,240 --> 00:17:14,080 Steve Multer: in the first place. And a great example of that is the partnership that's been long term now between Cisco and NetApp on the FlexPod series. So we're talking hardware anyway. 152 00:17:14,400 --> 00:17:23,360 Steve Multer: FlexPod is a now 13, maybe 14 year old product. As we all know in the hardware world, that doesn't happen. It doesn't last 14 years. 153 00:17:23,600 --> 00:17:27,560 Steve Multer: That's antique. Yet, the demand continues high. And every time they've tried to end 154 00:17:27,560 --> 00:17:33,960 Steve Multer: the FlexPod product, the community, the buying community and the engineering community has come out and said, stop. No, no, no, don't end it. We love it. Why? 155 00:17:34,520 --> 00:17:40,700 Steve Multer: Because they have continued to uplevel the corporate story behind the FlexBob product and the partnership that built it in the first 156 00:17:40,700 --> 00:17:48,700 Steve Multer: place. And by maintaining the story, they have maintained the hardware. Yes, they have made it better. They have continued to improve and improve on a technical level. 157 00:17:49,120 --> 00:17:50,880 Steve Multer: But the story has always 158 00:17:50,880 --> 00:17:58,400 Kevin Mako: been such a passion story for both NetApp and Cisco that it's created success within the market. So the right story is going to follow you for decades. 159 00:17:58,520 --> 00:18:06,280 Kevin Mako: Steve, that's a basic story. Yes, it's very rare in the product space where a product has such a legacy lifestyle. It's amazing that so much of 160 00:18:06,280 --> 00:18:15,860 Kevin Mako: the reason behind that was the community focus around not only a great product to begin with, but a great product community, which supports that product brand for many, many years. 161 00:18:16,140 --> 00:18:20,740 Kevin Mako: Exactly, Kevin. Yep, right on target. I think a lot of inventors as well, whatever you're working on, 162 00:18:21,020 --> 00:18:26,040 Kevin Mako: whether you plan to only sell it for a few years or for a lifetime, really you want that legacy tied back to your name. 163 00:18:26,100 --> 00:18:35,940 Kevin Mako: I mean, it's something that you can pass on to your children and grandchildren, at least in story, no pun intended, but ideally in, of course, profits and the impact that you had 164 00:18:35,940 --> 00:18:44,660 Steve Multer: on the world, right? That you've literally potentially changed the life of thousands or hundreds of thousands of people with your innovation. It goes to our ethos, right? 165 00:18:44,660 --> 00:18:53,320 Steve Multer: It's our value system and our belief system. What do we believe in? What do we really care for? What brings value to our world as well as the world of others? 166 00:18:53,360 --> 00:18:56,800 Steve Multer: And if you've got the right startup, it's because it's built on your 167 00:18:56,800 --> 00:19:06,320 Kevin Mako: personal ethos, you're wanting to make this happen for all of the reasons that are important to you. If you never forget that, you have started to craft your own corporate story. 168 00:19:06,620 --> 00:19:10,900 Kevin Mako: Steve, before I let you go, I want to talk about your book. Nothing gets sold until the story gets 169 00:19:10,900 --> 00:19:14,740 Kevin Mako: told. Obviously, we've talked about some of these things here in the show, but there's a lot more 170 00:19:14,740 --> 00:19:19,300 Kevin Mako: that goes into telling a compelling story, not just for the initial stakeholders that we're talking 171 00:19:19,300 --> 00:19:27,360 Steve Multer: about, not just in launch, but even continuing on until growing those legacy communities to really help accelerate a brand, especially a scaling hardware brand. 172 00:19:27,440 --> 00:19:33,580 Steve Multer: Talk a bit about the book and where people can find a copy. Well, I so appreciate that. So because this came about pretty quickly, I haven't gotten 173 00:19:33,580 --> 00:19:37,000 Steve Multer: my copy of the book over to Kevin yet, but Kevin, it's on its way to you very, very shortly. 174 00:19:37,160 --> 00:19:45,600 Steve Multer: Thank you. Available in all formats and every one of the retailers, as I said earlier on today, the beauty of the book is that a good chunk of it is simply about preparation. 175 00:19:45,620 --> 00:19:53,500 Steve Multer: How do you get your head in the right space to be able to tell the right story about your product to create success for you right out of the gate. 176 00:19:53,760 --> 00:20:02,440 Steve Multer: It's so much easier if you have that foundational information in place rather than trying to chase it post-launch or post-raising revenues 177 00:20:02,440 --> 00:20:09,520 Steve Multer: to be able to build out your startup. So a huge amount of it is about preparation. And then a lot of it is very hardcore examples 178 00:20:09,520 --> 00:20:17,180 Steve Multer: about what to change within your corporate storytelling around how you discuss your product with anybody who you happen to be speaking with. 179 00:20:17,300 --> 00:20:20,100 Steve Multer: One potential investor across the table or a 180 00:20:20,860 --> 00:20:28,280 Steve Multer: nameless faceless sea of potential buyers for your engineering startup product. The book is going to kind of walk you all through it with very concrete examples. 181 00:20:28,420 --> 00:20:34,020 Steve Multer: And you'll start to read the reviews if you go and you check out the book. And you'll see that this is very applicable. Everything here is 182 00:20:34,020 --> 00:20:40,460 Steve Multer: proactive. It doesn't expect you to do all the work yourself. The book is going to help you do a lot of the work along the way and make it as easy as possible. 183 00:20:40,540 --> 00:20:48,860 Steve Multer: And one more thing that I'll mention is I've got a freebie for anybody who is interested in doing it. If you go to the website for the book, which is corporate storytelling.com. 184 00:20:49,160 --> 00:20:57,620 Steve Multer: Just add slash guide at the end. So corporate storytelling.com slash guide. And I've built out a great PDF. It's a free e-guide. 185 00:20:57,860 --> 00:21:04,120 Steve Multer: It's called Five Paths to Passionate Storytelling. It's five things that anybody listening to watching the program right now can do 186 00:21:04,120 --> 00:21:09,500 Steve Multer: today, regardless of your education level, regardless of your socioeconomic status, location, 187 00:21:09,880 --> 00:21:17,100 Steve Multer: type of product that you are working on or trying to build where you are within your process. you add any one of these five things to your storytelling today. 188 00:21:17,740 --> 00:21:21,900 Steve Multer: Very, very easy to do. You're instantly going to be telling a better story tomorrow. 189 00:21:22,060 --> 00:21:30,700 Kevin Mako: And there are five ways you can do it. So again, corporate storytelling.com slash guide. And then you'll use the code sold, told 23. And you can download that guide right now. 190 00:21:30,840 --> 00:21:34,720 Kevin Mako: Much appreciated for that free guide in addition to the space where anyone can go 191 00:21:34,720 --> 00:21:38,760 Steve Multer: and buy a copy of the book. Much appreciated for all your words of wisdom today on how to tell a better 192 00:21:38,760 --> 00:21:43,320 Kevin Mako: story to simply sell more product, let alone all the other benefits that come along with it. So thanks again. 193 00:21:44,020 --> 00:21:48,020 Kevin Mako: It's such a pleasure. Thanks so much to you and to all of your audience. Thanks. We'll talk again 194 00:21:48,020 --> 00:21:55,860 Narrator: soon. Thanks for tuning in to this episode of the Product Startup Podcast. If you found some value in the show, please do us a huge favor and leave us a quick five-star review. 195 00:21:56,140 --> 00:22:05,620 Narrator: If you have any questions, guest suggestions, or anything else, feel free to reach out to us anytime at our email, podcast at MakoDesign.com. That's podcast at MakoDesign.com. 196 00:22:05,840 --> 00:22:11,320 Narrator: This show is hosted by Kevin Mako. North America's leading expert on product development for physical product startups. 197 00:22:11,320 --> 00:22:19,340 Narrator: Huge thanks to our sponsors, PTC, and their two best-in-class 3D CAD product development software solutions Onshape and Creo and Mako Design + Invent. 198 00:22:19,580 --> 00:22:26,500 Narrator: The original firm providing world-class consumer product development services tailored specifically to startups, small manufacturers, and inventors. 199 00:22:26,820 --> 00:22:28,480 Narrator: Thanks for joining and see you next time.