Today in the Private Label Movement Podcast, Patrick Tedjamulia shares the story of how he co-founded and became the CEO of VideoPeel, a video review platform. He talks about his love for customer insights, which led him to discover the true value of videos in advertising.
Consumer First Thinking
Before his venture into Facebook and Google, Patrick worked in brand management. His initial training for his career had been about consumer packaged goods. He was trained in marketing by Procter & Gamble with a consumer’s boss thinking. “It’s all about first understanding who your consumer really was, stepping into the shoes of the consumer. That’s been my love and my passion.” – Patrick Tedjamulia. Patrick then went to MBA school in Duke University to further his education in consumer insights and research.
Facebook and Google Advertising
Patrick’s formal training and education in understanding consumers eventually helped him as he worked at Facebook and Google. “As I started helping them build their advertising tools, I had to understand their customer, and their customer was every advertiser.” – Patrick Tedjamulia.
With millions of advertisers in these platforms, Patrick had to be in tune with their needs, such as AdWords that would allow them to accomplish their business goals. He had to find ways to drive traffic to their brand, their website, and their store. He also helped them in launching their objectives, ads reporting, and a ton of advertising tools and applications.
Realizing the Power of Video
Patrick noticed that advertisers across the board are having trouble with two main things. First is trying to get their ads to convert, which is every advertiser’s problem. Second, their consumers are losing trust in their ads. In trying to solve these, he realized that the number of videos being posted on Facebook was growing like crazy. This eventually made him realize the power that videos hold. “I knew that the best way for someone to be able to bring out the truth about a product, bring out the truth about their business, bring out the truth about who they are as founders of their business, is video.” – Patrick Tedjamulia