
Barry LaBov is the President and CEO of LaBov Marketing Communications and Training. He is a former rock musician as well as a globally recognized and respected author, speaker, brand strategist and channel engagement specialist. Barry is a two-time Ernst & Young Entrepreneur of the Year recipient and an inductee into the Entrepreneur of the Year Hall of Fame. His book ”The Power of Differentiation” provides real-world experiences and actionable recommendations for leaders seeking to differentiate their brands and products.
Key Takeaways
(09:26-18:18) The Key to Building a Differentiated Company
(00:00-09:26) The Soul of Successful Marketing
(18:18-26:57) Authentic Experiences: The Heart of Differentiation
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Marrying Message
to Experience
Barry LaBov cautions against the dangers of commoditization, highlighting the need for genuine differentiation in the marketplace. The speakers underscore that customer experience profoundly shapes brand loyalty, with consumers equating the quality of their interactions with their overall perception of the brand. They debunk the myth of needing perfection, asserting that sincerity and respect in addressing imperfections can actually strengthen customer relationships. The conversation further emphasizes the importance of building a differentiated company by winning the hearts and minds of employees and imbuing them with a sense of purpose aligned with the company's mission, ultimately enhancing the customer experience.
1. The Soul of Successful Marketing
Barry's profound quote, "Marry the message to the experience," sets the stage for a deep dive into the relationship between marketing, customer experience and brand perception. Barry elucidates the concept of differentiation, cautioning against the perilous path of commoditization in the marketplace.
As Barry paints a vivid picture of the "commodity monster" devouring businesses that fail to prioritize differentiation, Alex underscores the pivotal role of customer experience in shaping brand loyalty. The duo explores the notion that the consumer equates the quality of their experience with the overall brand perception, emphasizing the importance of aligning marketing messages with tangible experiences.
Barry echoes this sentiment, debunking the myth of the "perfect trap" and advocating for a focus on delivering experiences that resonate with the brand identity. He emphasizes the importance of embracing imperfections and proactively addressing errors as opportunities to reinforce brand loyalty.
They feel like, “Oh my gosh, we cannot make a mistake or we've lost a customer, and it means our experience is terrible!” And I'll just tell you that's not true. Customers will be very forgiving. They're not looking for perfection but they do want sincerity and respect. (Barry LaBov)
2. The Key to Building a Differentiated Company
The conversation kicks off with Alex reflecting on the profound truth encapsulated in Barry's quote: "Don't confuse differentiation with perfection." Drawing from personal experiences, Alex highlights the tendency to strive for flawlessness, only to realize that imperfections can serve as opportunities to deepen customer relationships.
Barry echoes this sentiment, emphasizing that addressing issues head-on is a chance to showcase genuine care and commitment to customer satisfaction. He sheds light on the often-overlooked aspect of winning the hearts and minds of employees, stressing its significance in building a truly differentiated company.
As the discussion unfolds, the duo explores the symbiotic relationship between organizational culture and customer experience. Barry underscores the importance of imbuing every team member with a sense of purpose and significance. He eloquently articulates how aligning individual roles with the company's overarching mission can amplify employee engagement and, consequently, enhance the customer experience.
Alex shares a recent endeavor at RELAYTO where they revamped their company ethos to prioritize conscious leadership and collaborative excellence. Through a thoughtfully crafted visual representation, he seeks Barry's expert feedback on their approach to creating a vibrant company culture.
When there is an issue, statistically it has been found that the customer, if that issue is solved, will become more loyal, more likely to repeat business with you. (Barry LaBov)
3. Authentic Experiences: The Heart of Differentiation
Barry commends Alex for his strategic approach to showcasing humanity in marketing efforts, emphasizing the rarity of such endeavors in the digital landscape. He underscores the importance of infusing meaning into brand messaging, citing Alex's poignant statement, "Imagine you can find meaning and joy at work," as a prime example of aligning marketing with human values.
The conversation delves deeper into the pivotal role of employees in shaping brand perception and customer experiences. Barry challenges the conventional notion that customers reign supreme, asserting that employees are the driving force behind exceptional customer service and brand advocacy.
Drawing from personal anecdotes and real-world examples, Barry paints a vivid picture of brands that aspire to greatness beyond mere profitability. He shares an inspiring story of a client who expressed a desire to "make history", emphasizing the transformative power of setting audacious goals that transcend individual ambitions.
Alex resonates with Barry's sentiment, reflecting on the significance of imbuing work with purpose and legacy. He highlights the diminishing role of traditional institutions in providing meaning, emphasizing the opportunity for businesses to fill this void by championing meaningful endeavors.
If we do not realize our employees are most important, we're making a mistake. I just worked with a really fine accounting firm. I said that to them, they looked at me and said, “What do you mean? The customer is more important.” I go, “If your employees are not buying into the mission, they're not taking care of the customers.” (Barry LaBov)
Check the episode's Transcript (AI-generated) HERE.
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