31% of Fortune 500 companies don't have a CMO right now. Starbucks, Walgreens, and General Motors are three of them.
That number is the cleanest way to describe what's happened to the CMO role.
Cole Moir has spent close to 20 years inside the shift. He led brand marketing at TCL, where the company became the fastest-growing consumer electronics brand two years running. Before that, Samsung, Sony Entertainment, and Motorola. Before that, agency years at Ogilvy, Edelman, and 360i. He has owned the NFL relationship, partnered with Olympic athletes, and run Call of Duty campaigns.
Ricardo Belmar and Casey Golden put the obvious question to him. If the CMO role keeps getting renamed or removed, what takes its place?
Cole's answer is an AI marketing organization that looks nothing like the org chart most companies run today. Small always-on strategy teams. Cohorts of five to twenty agents doing tactical work. Four roles carrying the entire function. And the people who last are the ones who can look at infinite AI-generated creative and say which piece is any good. Cole calls that taste. He thinks it's the scarcest skill in marketing.
Then Casey put a number on the table. $200 million brand. How would you budget marketing? Cole answers with real percentages, then adds a warning: spend under 25% in the upper and mid funnel and you'll pay for it inside two years.
We also get the partnership math nobody publishes. Only 5% of NFL fans have ever been to a game. 95% watch at home, on their own TV or a friend's. Of the 100 most-watched TV shows over the past decade, 96 are football. That's how a challenger TV brand builds the case for an NFL deal.
Cole closes with a single question that tells you whether your AI marketing organization is real: if AI disappeared tomorrow, would your system break, or would everyone go back to what they were already doing?
What You'll Learn in This Episode
- Why 31% of the Fortune 500 has no CMO, and which titles absorbed the CMO role.
- Why the next CEO is more likely to come out of marketing than sales.
- The four roles Cole says every marketing team needs, and the two he'd stop hiring for.
- How an AI marketing organization gets staffed, from agent cohorts to human-in-the-loop.
- How to split a $200 million budget across upper funnel, conversion, and testing.
- The 25% floor Cole says you can't drop below without paying for it later.
- How NFL and Olympic partnerships get evaluated before anyone signs anything.
- The two influencer groups that will matter, and why last-click kills the case for both.
- Brand lift studies, messaging pull-through, and MMM as the influencer scorecard.
- How AI changed creator discovery, and why Cole writes influencer contracts in two parts.
- The three skills he'd tell a 25-year-old marketer to build, and the two habits to drop.
- Cole's one-question test for whether AI is integrated or decorative.
Whether you lead a global retailer or a growing brand, this episode will leave you looking in the mirror and rethinking what retail transformation really requires from you as a leader.
Support our sponsors:
This Episode is Brought to You By RetailClub.
Join 2,000 retail leaders at RetailClub AI Festival, September 22–24 in Huntington Beach. Dive deep into how AI is reshaping retail while soaking up the sun at a fully outdoor, beachside venue. Decision-makers from retailers and brands can attend with free tickets and up to $1,250 in travel reimbursement. Head to retailclub.com to learn more. https://retailclub.com/retail-razor-podcast
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About Our Guest
Cole Moir. https://www.linkedin.com/in/colemoir/
Cole Moir is a growth architect who turns culture into commerce.
Over nearly two decades at Ogilvy, 360i, and Edelman, and with brands like Samsung and Motorola, he's helped companies compete in crowded categories and win. Most recently, as VP of Brand and Digital Marketing at TCL North America, he led brand, digital, eCommerce, and performance strategy for the fastest-growing TV brand in the US for two consecutive years, backed by partnerships with the NFL and the International Olympic Committee.
From the Oscar Mayer bacon dating app to the Motorola Razr relaunch and next-generation SQD-Mini LED innovation, his focus has never changed: helping brands punch above their weight and take outsized market share. Today, he's deep-diving into AI and advising growth-stage brands.
Chapters
(00:00) Teaser
(00:53) Show Intro
(04:33) Welcome Cole Moir
(07:29) AI and CEO Expectations
(08:20) CMO to CEO Pipeline
(09:36) Guest Career Background
(10:37) Future Marketing Org Design
(13:33) Hiring for New Roles
(14:55) Big Brand Partnerships
(19:08) Measuring Partnership Impact
(20:19) Influencer Marketing Evolution
(24:12) AI for Creator Discovery
(27:09) Influencer Measurement KPIs
(29:50) Budget Allocation Across Channels
(32:39) Budget Split Strategy
(35:16) Attribution and Geo Tests
(36:52) Agentic AI Org Design
(38:40) Skills for Future CMOs
(41:01) AI Predictions and Creative
(45:25) Taste and AI Integration
(48:06) Show Close
Meet Your Hosts
Helping you stay sharp, be bold, and transform retail:
Ricardo Belmar is an NRF Top Retail Voice for 2025 and a RETHINK Retail Top Retail Expert from 2021 – 2026. Thinkers 360 has named him a Top 10 Thought Leader in Retail, a Top 25 Thought Leader in AGI and Careers, a Top 50 Thought Leader in Agentic AIand Management, and a Top 100 Thought Leader in Digital Transformation and Transformation. Thinkers 360 also named him a Top Digital Voice for 2024 and 2025. He is an advisory council member at George Mason University’s Center for Retail Transformationand the Retail Cloud Alliance. He was most recently the partner marketing leader for retail & consumer goods in the Americas at Microsoft.
Casey Golden, is the North America Leader for Retail & Consumer Goods at CI&T, and CEO of Luxlock. She is a RETHINK Retail Top Retail Expert from 2023 - 2026, and Retail Cloud Alliance advisory council member. After a career on the fashion and supply chain technology side of the business, Casey is obsessed with the customer relationship between the brand and the consumer and is slaying franken-stacks and building retail tech!
Episode Music
Includes music provided by imunobeats.com, featuring Tropikool, from the album Future Beats 2, plus Virtual Apology and New Styles, from the album Shimmer Pop, written by Heston Mimms, published by Imuno.
20 years ago, CMOs built brands.
Today, they're expected to build businesses
Ricardo Belmar:Who's actually running the business today, the CEO or the CMO?
Casey Golden:The modern CMO isn't just buying media and
approving campaigns anymore.
Ricardo Belmar:Our guest has spent nearly 20 years doing exactly that,
helping build some of the biggest brands in consumer technology.
Casey Golden:Samsung, Motorola, TCL, and he's asking the same
questions the rest of us are.
What does marketing even look like in 2027?
Ricardo Belmar:How many AI agents will your marketing team have next year?
Grab a notebook.
This isn't a marketing episode.
Casey Golden:It's a masterclass in modern leadership.
Ricardo Belmar:Now let's meet our latest retail transformer, Cole Moir.
Welcome to Retail Transformers, candid conversations with the visionaries
shaping the future of commerce.
I'm Ricardo Belmar.
Casey Golden:I'm Casey Golden.
Welcome back, Retail Razor fans.
We're here to cut through the clutter to bring you the sharpest insights from
the leaders redefining retail, consumer brands, and the future of business.
Ricardo Belmar:Casey, I think we can all agree marketing has had quite the
identity crisis over the last decade.
Casey Golden:That's putting it lightly.
We went from debating billboards and banner ads to talking about AI
agent, creator economies, retail media networks, and whether your
refrigerator should have a personality.
Ricardo Belmar:'Cause that's what everybody needs, right?
A refrigerator with a personality.
Well, given today's guest's background in consumer electronics,
uh, that might not be that far away.
Casey Golden:Right?
Because today's CMOs aren't just marketers, they're operators.
They're expected to drive growth, shape culture, influence product
strategy, and create customer experiences that span digital, physical
retail, and everything in between.
Ricardo Belmar:And that's exactly why we're excited about today's conversation.
Our guest has spent nearly, what, two decades now leading marketing from
some of the world's most recognizable consumer technology brands, from Samsung
to Motorola, and most recently TCL.
He's helped shape how millions of consumers discover, engage with,
and ultimately buy technology.
Casey Golden:Along the way, Cole has led major partnerships with organizations
including the NFL, the Olympic Games, and Call of Duty, proving that great marketing
isn't just about impressions and clicks.
It's about creating moments that consumers remember.
Ricardo Belmar:And here's what makes today's conversation
particularly interesting.
For the first time in nearly 20 years, Cole joins us at a transition
point in his career, bringing a perspective that's equal parts
operator, strategist, and futurist.
Casey Golden:Yeah.
So today we're skipping the corporate talking points.
We're talking about what CEOs get wrong about marketing, revealing how much
brands should actually be spending on social media, and talking openly about
AI, influencers, media, and whether the traditional marketing organization
is built for what's coming next.
Ricardo Belmar:And of course, we're asking the question I'm sure
everyone listening is thinking.
If Cole Moir were building a marketing team from scratch
tomorrow, what would it look like?
Casey Golden:Mm-hmm.
you're a marketer, a founder, a retail exec, or someone trying to
understand where business is headed over the next five years, you're
gonna wanna stay for this one.
Ricardo Belmar:But before we get started, I'd like to thank our sponsor, RetailClub.
Join 2,000 retail leaders at the RetailClub AI Festival, September
22nd to 24th in Huntington Beach to dive deep into how AI is reshaping
retail while soaking up the sun at a fully outdoor beachside venue.
Decision makers from retailers and brands can attend with free tickets and
up to $1,250 in travel reimbursement.
Head to retailclub.com/retail-razor-podcast
to learn more.
A big thank you to RetailClub for helping us bring you this
podcast and all the other shows in the Retail Razor Podcast Network
Casey Golden:All right, Retail Razor fans, let's go.
Please welcome to Retail Transformers marketing leader, brand builder, and
student of what's next, Cole Moir.
Ricardo Belmar:Cole welcome to the show
Cole Moir:Thank you.
Excited to
Ricardo Belmar:Really excited to have you here today
Cole Moir:I've been looking forward to this all week
Ricardo Belmar:Absolutely.
Absolutely.
Well, let's dive in
Casey Golden:You have spent nearly two decades turning relevance into revenue.
the CMO used to own the brand in advertising.
I think we all have the pens and like the tote bags.
today though, marketing's changed and many own growth, digital,
loyalty, customer experience, and more often than not, a P&L.
How has the role fundamentally changed and what do CEOs expect from
their CMOs headed into like 2027?
Cole Moir:That's a great question, especially to kick this off.
I think
Casey Golden:Well, we're recording, we're first from the meat.
Ricardo Belmar:That's right.
That's right
We're, we're gonna rub straight on in.
Yeah.
Yep.
No sugar
Cole Moir:20 years ago, a-and I think what you said 20 years ago, really owned
the marketing calendar, the budgets, and were 100% accountable for everything and
how it was performing and driving impact.
And today, that's changed pretty dramatically.
CMOs are expected to deliver more impact that's, measurable with fewer resources,
shortened timelines, and complex dynamic, markets, things that we've never seen
before, social media, programmatic.
And all of these things keep compounding and growing.
And like I said, they're dynamic.
So the… It's just a very different way, of thinking.
And what's really interesting, I think, for a lot of organizations is
they're actually removing the CMO or changing their title or shifting their
responsibilities, like you said, chief growth officer, chief revenue officer.
You know, 31% of Fortune 500 companies actually don't
have a, a CMO at the moment.
That role's really changed and evolved, to where it is, and I think we're gonna
continue to see that more in the future.
Companies like Starbucks and Walgreens and General Motors don't have what
a traditional CMO used to look like.
So I think that's really indicative of how we're gonna see that space
change over the next couple of years.
I think in, in 2027, I think we're gonna see more complex modeling.
I think as AI grows and evolves and people's appetite for, you know, different
media platforms, I think we're gonna see a more complex, system that shows up.
I think we're gonna see new ways of measuring those models, to
hold impact to those chief growth officers or chief revenue officers.
And I think we're gonna see AI integration into systems and new processes like we
talked about earlier, not just bolted on to a marketing system, but it's
actually integrated into the system, and we're not replacing roles, we're
re-skilling people and making AI a, a more fundamental, element of the
way that we think about marketing.
Ricardo Belmar:How do you think that plays with the CEOs in organizations?
Does your, typical CEO kind of align with what you just described to where this
role, whether it's, they're calling it CMO or chief growth officer and where
it's going, or are more CEOs still kind of i- it, thinking about a more
traditional CMO role from the past?
Cole Moir:I think that de- really depends on the organization.
I think almost everyone is dipping their toe in AI at the moment, and I
think there's very few people that have really unpacked its full capability.
So I think the CEOs that are getting there are seeing it kind
of how we're talking about it now.
But I think the CEOs that are just using it to kind of answer questions or maybe
to write copy in emails are, are probably looking at it, kind of in the past.
So I think we're gonna see a lot of change in the next couple of, years with this.
Casey Golden:CMO role seems that it's become closer to a business operator
than a traditional brand leader.
Like, the natural progression to succeed into a CEO role used to be on the
running revenue, the sales background.
That was very stepladder, having that P&L responsibility.
But today, do you think that's now shifted that next CEO might be funneling
from the CMO as a, a more modern CMO?
Cole Moir:Ooh.
I think that's a really interesting take, and I, I would put money there.
you know, I think we see a lot of, like you said, CEOs that grow from
sales, but I think as we shift the impact and responsibility of, our
budgets in marketing to drive those sales, that CMO really has visibility
into how the organization looks.
It's not really about marketing anymore.
It's really about transformation, and growth.
So yeah, I think that's a really interesting take and one I
would also put money on if I was a betting person, but yes.
Yeah.
Ricardo Belmar:Yeah.
Well, I think I, I agree.
I think that's becoming a really interesting path in and of itself there.
So maybe this is a good point before we keep going.
Cole, give us a little bit of your, background, since we went straight
in to, to go into the meat of things.
But let's just step back for just a sec, and give us a little bit
of rundown on where your career's been and what you've been up to.
Cole Moir:Yeah.
so recently I spent the, the last three years at TCL, the technology company,
where I grew or, or helped grow the organization to the fastest-growing
consumer electronics brand, for the past two consecutive years.
So really exciting work.
But prior to that, I've spent time in technology working at Samsung, Sony
Entertainment, Motorola, which was owned by Lenovo and previously Google.
And then before that I worked at agencies Ogilvy, Edelman, 360i.
So I've had a, a really round career in what it looks like to grow business
and how we think consumer first and what, digital marketing looks
like kind of at the center of that.
Ricardo Belmar:You've had a good mix, kind of in all areas with
in and around th- this entire, marketing collection of roles.
I'm, curious what you, think about, how marketing organizations
are structured today, and are they ready for where we're going?
Do you, think that, there are roles are missing in every marketing
team for the next few years?
Cole Moir:That's a great question.
Ha- kind of having sat on both sides o-of the fence and, and how marketing
has grown, I truly think that the organization, is gonna be less about
who reports to who and more about leadership, managing capabilities
or orchestrating capabilities.
It's going to be more about, what capabilities you can activate,
combine, and scale on demand.
And I think by doing that, you're going to be focusing on building faster, more
resilient, and more impactful teams that are actually solving business problems,
not really focusing on what the calendar says we'll be, we'll be looking at.
So I think the strategic shift really becomes, smaller
strategic teams, leveraging AI or integrating it in your systems and
partnering with AI flexible teams.
And then those-- truly, those functional silos kind of collapse.
I think in the future, we'll have, you know, teams that are five to
fifteen, maybe twenty agents, that are really focused on optimizing
the work, creating new work.
And then we'll have, you know, your always-on teams that are really
building your briefs and helping to translate what the business problem
is into, something that could be digestible by, your AI agents.
And then those individuals will be the ones that are managing
both, taste and, impact.
So big shift.
Ricardo Belmar:Yeah,
Casey Golden:a big shift.
Where do you see, like, the biggest talent gap today?
Is it gonna be in strategy, tech, data, creativity, vision,
or, like, something else?
Cole Moir:Yeah.
I, I think kind of all of those things.
I think when we bring AI into it, and I, I've done some studying on this
recently, is we're really gonna have to focus on reskilling ourselves, and
two of those main things are going to be taste, taste levels, 'cause AI can
produce infinite pieces of creative,
Ricardo Belmar:Right.
Right
Cole Moir:that can determine whether it's good or bad is
Ricardo Belmar:Yeah
Cole Moir:and then having the right measurement set up to be able to
understand whether it's, you know, it's gonna work or it's not gonna
work even before you get to, to market
Casey Golden:Don't need any re-skilling.
I got good taste.
Ricardo Belmar:S- says our, our, our, says our speaker
from the luxury side of retail.
Casey Golden:I'm expensive, but I got good taste.
Cole Moir:I, and we can even tell just by the small background
window we have of yours.
Ricardo Belmar:That's right.
Cole Moir:taste
Ricardo Belmar:Well, Cole, so, g- given that, I'm, I'm curious, would,
would you say companies are, are kind of prepared to hire for, to fill
those gaps, or are they still sort of hiring kind of tomorrow, yesterday's
roles rather, in the hopes that they reskill into tomorrow's functions?
Cole Moir:Yeah, it-- I, I think we're still really focused on
hiring, what it looked like in twenty twenty-three, twenty twenty-four
Ricardo Belmar:Mm-hmm.
Yeah
Cole Moir:think the roles that are gonna be absolutely critical
is going to be a head of brand,
Ricardo Belmar:Mm-hmm.
Cole Moir:they'll build the vision and the budget.
There's going to need to be a head of performance and lifestyle, and
they're really gonna be focused on who the consumer is, how it's
evolving, and how they drive impact.
I think there needs to be a head of content, which is really gonna be
responsible for scale and storytelling.
Then I think there needs to be a head of marketing, technology and
AI, which is gonna be responsible for integrating process, data, and creative.
I think those are kind of four key roles that have to exist in order to build this.
Ricardo Belmar:Yeah
Cole Moir:think we build around problems or, or things that we need
to solve versus having a person who's just responsible for Twitter
Ricardo Belmar:Hmm.
Yeah.
Cole Moir:Sorry, Casey.
Ricardo Belmar:Yeah.
Cole Moir:not just Facebook
Ricardo Belmar:It's starting to look a lot more cross-functional.
Casey Golden:I miss Twitter.
You've partnered with some of the largest IP in the world,
NFL, Call of Duty, The Olympics.
These are like dreams for most brands, but how do these partnerships actually work?
Like, walk us through, like, how do you get to work with the Olympics?
How, how do you evaluate them, structure them internally, ultimately
determine whether or not they drove the business outcomes or not?
Like you can say, "Hey, I wanna do this," but like how do you even
measure that impact to validate that spend and effort and resources?
Cole Moir:Yeah.
A- and that's a great question and, and one I feel so lucky I get to
answer because I worked so long, in my career, and I r- I remember the first
time I ever got to have an ad that was, played during the Super Bowl, and
it was just a really exciting moment.
But now I get to sit on the other side, having owned a relationship
with the NFL and actually being able to say the word Super Bowl,
is something that's so different.
But I, I think a lot of people start with the idea that, you know, wanna partner
with the NFL, what can it do for me?
And where I like to start is, how do I s- what intersection am I sitting at,
and how do I, you know, cross paths in that intersection with something that
is, is not only my brand but is authentic to who my audience is, and, leveraging
that to create the cultural moment.
You know, I, I think people start their, journey looking at these
with kind of three things in mind.
i- can they create credibility I haven't earned yet, which I think
is, is really important and, and one of the reasons that, you know, I had
previously partnered with the NFL.
Do they have access to audiences I can't traditionally reach?
And then can they create content that I traditionally couldn't produce at scale?
And I think once you figure out what one of those things you need
and how the partnership could serve you, then it makes it a lot easier.
In my previous role at, TCL as VP of Marketing, we actually
needed all three of those things.
It was about building the credibility, it was about accessing audiences
that we didn't traditionally have, particularly in an authentic way,
and then getting content that we, we couldn't build ourselves at scale.
And so what was interesting for us in that intersection is that, and I don't know
if you knew this, only about 5% of true fans have ever actually been to a game.
So 95% of all NFL fans actually watch at home on
Ricardo Belmar:Yeah.
Cole Moir:a friend's TV.
So that was kind of my intersection.
Ricardo Belmar:Hmm.
Cole Moir:other crazy statistic that we like to talk about, is that of the last,
I believe, 10 years, the hundred most watched TV shows, 96 of those are football
Ricardo Belmar:Wow
Cole Moir:So it really
Ricardo Belmar:That's interesting.
Yeah.
Cole Moir:partner there.
Ricardo Belmar:Yeah.
Yeah.
So w- when you look at these partnerships like the NFL or, or like the Olympics,
are you really kind of searching for a cultural moment that you're attaching to
or maybe creating with them, you know, to help really, really deliver your brand?
It's not just a logo placement, right?
Cole Moir:100%.
It's
Ricardo Belmar:Yeah.
Cole Moir:that cultural moment.
a- and I'll give a, a good example of that partnering with the Olympics.
We did partner with some athletes, because as a, as a company, we really
embrace the inspire greatness as
Ricardo Belmar:Mm-hmm.
Cole Moir:kind of our intersection that we sat at.
And, we partnered with the Hughes brothers, Jack and Quinn, and we partnered
with them probably four or five months before the Olympics, to really build
relationships and understand, you know, what their motivation was and how they
support the teams and, and how we build this culture together because I think
that's what makes something authentic.
And after doing all of that hard work, Jack won the gold medal
shot, for the Olympic team.
And it was just this really, kind of beautiful moment where all of
these pieces kind of came together.
It's kinda like my old coach would say, "Success is when preparation
meets opportunity," and that's how we set ourselves up for that.
Casey Golden:That's great.
How do you plan for a partnership to create business impact
versus brand awareness?
Cole Moir:I love that you asked that because as many people know and,
and hear me say this all too much is, measurement is my love language.
Ricardo Belmar:Right?
Cole Moir:it's, it's really the key that unlocks how we talk
about influencers and how we
Ricardo Belmar:Right
Cole Moir:and what comes next.
so it-- we really start by running the numbers early on, before the partnership
actually happens, understanding what the scale and the scope actually
looks like, understanding how we can create impact, understanding kind
of where our audience sits and, and where additional, reach comes from.
You know, the hard numbers, are really in lift in sales, shifts in,
in traffic, and potential signups.
it just goes so far beyond what awareness does for this.
But it's also important to think that through that, we're taking
a look at our MMMs to understand, you know, the halo effect that
these kinds of partnerships have.
So it's not awareness, but it's actually measuring how, know, we get
introduced to people and how later on it gets to make conversion, for us.
Ricardo Belmar:And, and you just touched on and mentioned one of my favorite things
to kinda get into, and that's around influencers, 'cause I think it really ties
into this part about the conversation.
You know, w- there was a time where influencer marketing was sort
of this experimental thing that marketers were dipping their toe
in and feeling their way around.
But now I, I think it's really become a strong line item that
every CMO defends a budget for.
Do, do you think we've reached that peak influencer stage, yet?
Are, are we losing the authenticity with some influencers?
Or, in some sense, you're starting to hear people say that, "Oh, well,
consumers are catching on that influencers are doing deals," so they're
losing some of that authenticity.
But I, I tend to look at where the dollars flow, and the fact that we're all still
investing in it means it must be working.
And so we're gonna keep doing that.
But o- over the next, you know, let's say 12 months, you know, where, where do you
see brands really focusing in this area?
Is it, is it leaning more towards this, this new kind of creators?
Is it micro-influencers?
Is it building community?
A combination of all that or, or, or is that not quite any of those yet?
Cole Moir:That's a really great question, and one that I've been,
a, a part of recently is really defining what that cost looks like.
You know,
Ricardo Belmar:Yeah
Cole Moir:to your point, I think influencers or the state of
influencers… Let me answer this first.
No, I think
Ricardo Belmar:Mm-hmm.
Cole Moir:peaked.
I think we're gonna
Ricardo Belmar:Okay.
Cole Moir:of it.
I
Ricardo Belmar:Mm-hmm.
Cole Moir:it in, appear in different ways, but, you know, CMOs and, and
really heads of marketing are really being asked to justify that cost, and
it's forcing us to take a discovery and trust tactic and to put it, to compete
with a direct response scorecard right?
So we're taking what an e-commerce, how an e-commerce would evaluate something
and applying that to influencer marketing when we know that that's not what
influencer marketing is designed, to do.
So I think the evolution of influencers, I think, is gonna,
really pop up in two ways.
I think, you know, after, after the last couple of years, it helps us
kind of segment influencers a little bit differently than what we've
tradition- how we've traditionally segmented them, I think it's gonna
really break down into two groups that are gonna be critical for everyone.
the first one is always-on, micro-influencers and UGC.
they're more functional, and they deliver the tactics of, you know,
traditional always-on, with consistent messaging, which I think is gonna be
critical and, and help support kind of reach and frequency modeling.
And then the second group, which I think you touched on too, is
more of affinities or communities.
Ricardo Belmar:Yeah.
Yeah
Cole Moir:groups, yeah
Casey Golden:I think it's… I love TikTok, like ridiculously love it.
I'm a huge consumer of it, I guess you could say, right?
I- I- I'm a struggling participant.
I've been struggling for this event.
But, I find it a completely different type of, of marketing a brand that works today,
Ricardo Belmar:than
Casey Golden:it used to.
I'm very comfortable with editorial, very comfortable with the polished.
I'm so uncomfortable with the unpolished,
not editorial.
just being able to even get some of these videos or this information, like I'm never
do a get ready with me in the morning.
I'm not going into public without makeup on.
Are you insane?
That is just so not part of my generation.
but I find it so admirable.
I could imagine so many people I follow, they wouldn't be traditional
influencers, like huge influencers.
think that AI, it would be a amazing case that we could bring… Every single
brand could, like, find their people on, like, who those micro-influencers
are now versus trying to do this three years ago like an impossible task.
I, I would… Do you see
Cole Moir:more
Casey Golden:the connection?
Like, are… you using it?
Are brands using AI to go find their influencers and their
communities and, like, scouring the globe through, through this?
Or
Cole Moir:Yeah
Casey Golden:just whoever has the most followers?
Cole Moir:No, I, I, I'm so glad, you said that because I think influencers
went from how many followers and what are they doing that's
Ricardo Belmar:Mm-hmm.
Cole Moir:to all of the other characteristics, you know,
audience, location, context.
but now I think with using tools like that, like Creator IQ and partnering with
it, an AI to help, you're getting a more robust list of influencers that can really
better authentically tell your story.
And that's kind of what we talked about with, affinity groups, because
if I wanna have a partnership with the NFL, it doesn't make sense for me
to have a tech sec- expert just talk about the s- features of the product.
I actually need someone who integrates with the NFL that loves it, has
a passion, has its own audience that's NFL related, talk about my
products in relation to the NFL.
So why watching football on a TCL TV is actually better than any other TV.
And that's where you get that authenticity and that context.
But I will say it still takes some test and learn with these influencers to
understand if they can really deliver your message in a really authentic way.
we've had to think about contracts, his- historically, I've had to
think about contracts in almost two parts, like a testing.
Does this work?
Can this work for us authentically?
And then if it does, more long-term partnerships where we're, you know,
consistently communicating or we have kind of those micro moments
that are important for the brand that we're executing the influencers on.
Casey Golden:It's like all of Gen Z are like born actors.
Cole Moir:100%.
Casey Golden:Like, I…
Cole Moir:has great lighting.
Casey Golden:How?
Ricardo Belmar:Right, yeah.
Everyone's running by great lighting.
Cole Moir:Like we should all… No overhead lighting should exist.
Casey Golden:I know, right?
I'm like watching some of these, I'm like, "So did you actually like go
set up the camera, then take all your stuff back outside and then pretend
to come in?" Like, this is effort.
This is thought process.
We're making mini movies
Cole Moir:100%.
And I'll
Ricardo Belmar:Yeah
Cole Moir:is to watch influencers that have a get ready with me that start at
like 4:00 in the morning, which means they have to get up at fi- or 3:40,
set up a camera so then they can record their phone, set an alarm at 4:00
o'clock and then… And I, I love it.
That's, that's commitment
Casey Golden:I'm just, I am so impressed.
I'm so impressed.
if you tuned into one of our first year shows, I was so anti-influencer.
I'm like, "You're paying an influencer 25K for a post, and you can't get… You
can't your employee an extra buck an hour
that's literally working for you every day?"
So I,
Cole Moir:point
Casey Golden:and now I'm like, okay, I see a whole entire talent
scheme, the effort, the resources, the thought process, and, like,
definitely set of its own.
but we couldn't… We… It was, like, really hard to measure.
Like, do you convert?
Are you converting?
What's your conversion rate?
Is that s- are we still measuring by conversion rate, or is it, are we
able to track really good now so that there's, like, a myriad of KPIs that
are going towards, or digital TV, interactive things, like, through this
whole digital side of marketing can we, I mean, can we measure without somebody
scanning a QR code on the television?
Cole Moir:You know, we can, a- and I think people do it, but I
don't think, we all do it enough.
it's relatively expensive, to do.
A- and I think-- So performance metrics are always going to
have a place for all of us.
Impressions, click-through rates, traffic, et cetera, I think
is still gonna play a role.
However, I think there are a couple of things, particularly for influencers,
that we really take a look at.
the first one is brand lift studies.
So when you're partnering with you know, Instagram, for example, setting up
those brand lift studies to understand how these influencers themselves are
creating that impact, which is a, a incredibly smart and helpful…
I've, I've done them for many, many years, and they get more advanced.
They really help me understand the audiences.
And then, messaging pull-through, so making sure that they're getting the
right messages that we're working with influencers to kind of seed.
And then all of that really should, you know, be baked into what our
MMMs look for because those capture halo effect and diminishing returns.
So we have a really, a, a much better sense of how someone who's creating
influence, for us in kind of that upper mid-funnel creating trust and how they
may have engaged with someone four or five months ago to making that impact,
today so that we're, we're better to attribute, those kinds of tactics.
Because to your point, if we always use a last click or a last touch, we'll never
prove the value of who influencers are and how they're, they're building brands.
Casey Golden:Let's talk about budgets
If y- if I'm running, one of our listeners, running a $200 million
brand, how should they think about allocating dollars across upper funnel?
performance creators, retail media, emerging channels, search, Google.
Is Facebook s- is Facebook even still a channel?
I, I don't know.
Cole Moir:Okay, f-
Casey Golden:I mean, how much should a brand like realistically need
to spend on TikTok to even matter?
I mean, I just, I think a lot of, a lot of people don't know what other people
are spending and, sometimes this is kind of like a reality check moment if
you're not spending X, like you're kind of just throwing it down the toilet.
Cole Moir:It's a- that's a great question, and to your point,
I think Facebook is criminally underappreciated right now.
I think the audiences that have the money to spend there are
Ricardo Belmar:Hmm.
Hmm
Cole Moir:and there is opportunity to influence o- on Facebook.
And I think it's a different kind of content particular for that audience.
When you talk about, you know, millennials and the need to have something
perfectly curated, that still exists and lives on, you know, Meta platforms.
And so I think
Casey Golden:Yeah, I mean, I don't consider, I don't consider, like, there's
like Facebook and then there's Instagram
Cole Moir:Yeah
Ricardo Belmar:Yeah
Casey Golden:the Meta like I, I get some of the Instagram.
Mean people are there, but they're pretty
pretty, but people are mean.
TikTok, everything's not so pretty, but everybody's so nice
Cole Moir:So nice.
yeah.
Yes.
A- and I think TikTok's a, it's a much different animal when you think
about, you know, who that audience is, how they consume content.
But I, I think some of the bigger differences is that Facebook has had 20
years of refining how to segment audiences and go after them and think about how
messaging is delivered, and TikTok's in its infancy, still around how content
connects with, with those audiences.
and so you have to be a little bit, more scrappy, I guess, when
you kind of create it and, and that pays off in a TikTok space.
Casey Golden:So if you allocated a stack full of cash for a $200 million
brand, does that change-- does that, like, allocation dramatically change
when you turn a million into a billion?
Cole Moir:yes, a hundred percent.
I think the big difference is, and if I, if I were to break that kind of
two hundred million up, I would put thirty to fifty percent of it in that
upper funnel consideration, phase.
And it depends on kind of the existing equity and the perception of the
brand, how I would allocate that.
then I would put another twenty to thirty percent really in that
consideration conversion part of that journey, really driving that sellout.
And again, that really depends on what the brand is.
And then the rest I would put into testing, right?
With two hundred million, I think there's enough money to do some of
that interesting testing that we all wanna do on emerging platforms
and with influencers at different experiences and events and partnerships.
So how I'd split that up.
But if I went from, think you said two hundred million to a
Casey Golden:a billion.
Cole Moir:Dollars,
Casey Golden:Yeah
Cole Moir:then I, I think that shifts, pretty dramatically.
I start to look at bigger partnerships, and owning the relationships with
some of those, like, and, without saying budget, but like the NFL, for
example, really owning what that looks like and bringing that to, to life.
and then taking a look at different audiences, audiences that I haven't
traditionally reached that I should and could be influencing kind of on that, that
TAM level versus that SAM and SOM level.
Like who should I be connecting with?
Because I really think if you're not spending more than twenty-five percent
in that upper kind of mid-funnel, then going to lose out in the next two years.
I think you have to be building that upper funnel constantly, or you're not
going to have people to drop into your bucket for that consideration conversion
when the cycle of buying happens.
Casey Golden:Mm-hmm.
Cole Moir:in tech, that's been six months to seven years.
it just depends on what types of technology we're selling.
So
Ricardo Belmar:Cole, Hearing you talk about that, I mean, I, I guess, how
do you balance that tension between there's that brand awareness you're
dealing with today, whether it's with the partnerships, whether it's the social
commerce side of things, versus when d- can you prove the measurable return?
A- and, like, one, one example I'm hearing more and more brands talk about
is that as they grow their presence and do more on TikTok, it's not just
how much they can sell on TikTok Shop, it's impacting, you know, what they're
selling in Amazon's marketplace.
It's what they're selling in a Walmart or, or everywhere, basically
because they're being seen, right?
so how do you justify when you're trying to allocate that budget and
someone's asking, "Well, where's the return on that?" And, and like you
just said, you may have to-- You, you may be dealing with, "Well, I'm
building it today, but the return's really gonna pay out next year."
Cole Moir:Yeah, that's a conversation we have, often, in that marketing space,
and I think there's two things that we've done, and, and we talked a little
bit about it, is, is setting up a, a really strong and bringing that team in
to help educate people on methodologies for how it's calculated, including the
halo effect these things have and, and how we measure in those timeframes.
But then two, setting up kind of a, a multi-touch attribution model
that gives us just a touch more real-time view of how those things
are impacting, the overall spend.
So at least we're be- able to allocate some portion
Ricardo Belmar:to
Cole Moir:kind of influencers quickly, without having to see some of that and
being able to justify some of that cost.
but I think what we've done, and I think specifically in, in recent roles of mine,
has been, been able to see that payoff because we've made that investment and now
we're looking at growth in the category, and w- we're one of the only organizations
that's up in the category, when you were taking a look at the numbers.
and so I can't share roughly how much, but everyone else who's declining, we
made that investment and we've started
Ricardo Belmar:Hmm.
Cole Moir:on
Ricardo Belmar:Yeah
Cole Moir:yes, and then it's that long-term, like, are we seeing lift?
Ricardo Belmar:Yeah
Cole Moir:really, really see it is to isolate it,
Ricardo Belmar:Mm-hmm.
Yeah.
Cole Moir:that's harder.
So we've been exploring ways of what geo, geo-targeting and geo-fencing
that thing could be, so we can kind
Ricardo Belmar:Hmm.
Mm-hmm.
Cole Moir:then see what lift looks like on it.
Ricardo Belmar:Yeah, yeah.
I guess at, at that level you're, you're kind of taking these tactics and
you're really elevating them to be a core part of a higher strategy, right?
And when you can--
I feel like when you can define it in terms of the strategy, then you've kind
of earned the ability to make it long term
Cole Moir:Exactly.
Ricardo Belmar:so I wanna come back to something you, you mentioned earlier
about changing roles and, and where marketing organizations are, are headed.
'cause we, we've mentioned AI a bunch of times and how that's changing things
and why it's changing things, but where, where are you feeling agentic
AI and AI agents are fitting into the equation in the marketing organization?
Is, is it a matter of, like, how many digital employees do we need to think
about that are, are gonna be part of this marketing organization of the
future in, in the next few years?
Cole Moir:Yeah.
I, I mean, simply put, I think it's going to be, you know, human-in-the-loop models,
Ricardo Belmar:Mm-hmm.
Cole Moir:to be people managing agents,
Ricardo Belmar:Yeah
Cole Moir:to be identifying agents to, you know, take on some of these tactics.
And then, you know, the culture setters and the measurement or, and data
management individuals really helping lead that charge with a few always-on
strategic people that can translate the business need and objective to, you know,
language that helps our agentic models run
Ricardo Belmar:Yeah.
Cole Moir:Yeah
Ricardo Belmar:Yep, that's gonna be the key
Cole Moir:Yes, 100%.
And I think, you know, w-we said this, it's gonna be less around
having your traditional siloed, individuals, your person who's social
media, and your PR person, and more around how do you build these cohorts
Ricardo Belmar:Yeah
Cole Moir:the problem that needs
Ricardo Belmar:Hmm.
Yeah.
Cole Moir:with less people, less bureaucracy, I think
you're gonna see speed become
Ricardo Belmar:Mm-hmm.
Cole Moir:biggest, our biggest opportunities, to hit
Ricardo Belmar:Yeah
Cole Moir:And with that, to build on it, I think you're going to see
much smaller companies for the first time being able to take on those
larger enterprise organizations,
Ricardo Belmar:Yeah.
Yeah.
Cole Moir:love coming
Ricardo Belmar:Mm-hmm.
Cole Moir:all of the
Ricardo Belmar:Right.
Right.
Cole Moir:is our time to
Ricardo Belmar:Yeah, it's her moment, yeah
Cole Moir:Yeah.
So I'm really excited about that
Casey Golden:if you ran into a 25-year-old marketer that said,
"Hey, I want your job someday,"
Cole Moir:Mm-hmm
Casey Golden:skills would you tell them that they should be
developing over the next five years?
is there something they should stop doing immediately?
Cole Moir:Easy.
super easy.
The, the top three things that I would always give somebody is, one, learn data.
data is important for me.
It's where I started a big piece of my career.
But not, not only understand how to manage it and store it and govern it,
but also manage what it says in a story.
Like, how can you put the pieces of it together to help build the insights that
are really important to move the business?
Number two, we've talked about this, and Casey, you're a master at it, is taste.
How do you learn taste?
What's good?
What's bad?
How do we understand what's trendy versus what's stylish?
And being able to talk to all of those things so that when you're
building that for a brand and an organization, you really understand,
does my brand identity sit, but how do I evaluate the work that's coming?
And then lastly is, being able to really talk to real customers.
You know, as much as I am a huge proponent for AI, I think it's still important
that we talk to people and understand what the customer really needs and
wants and how, how we process stuff.
You know, I tell this to my teams all the time that we're all just a group of
individuals that have experienced life through different lenses, and I want
all of those points of view because all of those are really what helps us
decide good looks like, and so, and, and
Ricardo Belmar:Yeah
Cole Moir:So, those are the three things I would give someone.
If I had to say stop, there's two things that I think are really critical.
One is, is stop chasing platforms.
Ricardo Belmar:Mm-hmm.
Mm-hmm.
Cole Moir:just be the Instagram person or just the TikTok person.
Ricardo Belmar:Yeah
Cole Moir:have a sense of what transformation looks like to drive impact.
And then two, stop waiting for permission for AI.
Start using it as fast as possible because it's here.
And again, that's why I've taken this step to really focus on what integration
looks like versus, I say this term, bolting it onto the business to
Ricardo Belmar:Hmm.
Yeah.
Yeah
Casey Golden:If you had to put your reputation on one prediction,
what's the biggest shift in marketing over the next 12 months that most
leaders aren't taking seriously?
Cole Moir:Oh, that's a really good one.
One, I think it's how AI is really going to impact org, i-in org.
I,
Ricardo Belmar:Mm-hmm.
Cole Moir:think people are all talking about it.
I think everyone's talking about it.
Even my mom in Cody, Wyoming, the rodeo capital of the world, where tradition's
a pillar of the community, is talking about AI and how it's gonna grow.
And I, I don't think, you know, everyone's giving enough attention to how it's
gonna evolve and h- then how we real-- reskill our teams, to really manage that.
Because I don't think it's taking jobs, I think it's just reskilling them to
manage, you know, and have the taste
Casey Golden:Is there one thing out there that you're, like, super stoked about?
Like a favorite tool, favorite type of technology, a favorite use case of AI?
Is there something that just like, don't know, jazz hands?
Cole Moir:I'm always jazz hands.
yeah.
A- what AI is actually doing right now when it comes to creative
and video, I think is incredible because it's scaling the work.
Like, we've never had that capability before in a way that
is, is just… it looks so real.
and what I'm excited about is, and I think that's coming up, is we're
going to start to see legislation that kind of starts to paint some more
guardrails around h- how AI is used, and
Ricardo Belmar:Mm-hmm.
Cole Moir:the opportunity where we see a lot of smart, creative
people actually dig in and do the work that's changing the business.
So when you now have these parameters, you now have to think inside of a
smaller box to still get the impact.
And so I think we're gonna see, more of that, and I'm really excited about
it, which I don't think anyone's ever said is more legislation, is
Casey Golden:Well, I mean,
Ricardo Belmar:That's right, yeah.
Yeah.
Casey Golden:in on a regular basis, you know, I've fallen in love with a
lot of certain things that are AI that are economically impossible to produce,
Ricardo Belmar:Hmm.
right
Casey Golden:Like I love AI Nike.
Cole Moir:R
Casey Golden:I love AI Nike.
Ricardo Belmar:Yeah
Casey Golden:with
Cole Moir:someone at Nike is watching all of this because these
shoes that I'm seeing are incredible
Ricardo Belmar:Incredible.
Yeah.
Yeah
Casey Golden:I just fell in love with another house that even think
Jeff Bezos could afford to build.
Cole Moir:Like
Casey Golden:Oh my God.
Ricardo Belmar:Yeah.
Yeah.
Yeah
Casey Golden:it's, it's ruining real product
Ricardo Belmar:I- I- It's like the downsides of when we say you can, you can
use AI to, to imagine anything you want
Casey Golden:eh, junk.
My expectations, I
Ricardo Belmar:Your luxury expectation's gone even higher, an even higher bar.
Casey Golden:because I was like, "Oh my God, I've never seen anything that
Ricardo Belmar:Yeah.
Yeah.
Cole Moir:Yes.
Ricardo Belmar:Yeah.
Cole Moir:with that
Casey Golden:the video
Ricardo Belmar:Yeah
Casey Golden:good and it's, it, I felt like, I feel like you can… There's a
level of quality that so many companies couldn't afford, to the point where, like,
solo founders can aff- if they have the vision and the mindset to, to use the
tools, you, they can create something that seriously looks like a movie.
Ricardo Belmar:Yeah.
Casey Golden:production
Ricardo Belmar:Yeah
Cole Moir:It, it levels the playing field and it puts an emphasis
on good ideas versus who's the
Ricardo Belmar:Right.
Yeah.
Cole Moir:And I, I
Ricardo Belmar:Yeah, it's like we've solved the how part.
Cole Moir:we've
Ricardo Belmar:Right.
Yeah.
Cole Moir:way of putting that.
And
Ricardo Belmar:Yeah
Cole Moir:challenger work for so long, I, I'm even s- excited about the video when
you go shoot something, how you can…
If you missed it in a take, it, right?
You missed it.
10 years ago, you'd
Ricardo Belmar:Yeah.
Right.
That's right.
Yeah.
Yeah
Cole Moir:we can leverage AI to kind of help rebuild what that
Ricardo Belmar:Mm-hmm.
Cole Moir:you
Ricardo Belmar:Right.
Cole Moir:to make it sound and
Ricardo Belmar:Right
Cole Moir:to be able to scale quickly the things
Ricardo Belmar:Yeah.
Cole Moir:gonna happen
Ricardo Belmar:Yeah, I think it, it really does solve the how part,
like I said, but it also kind of solves the scale issue, right?
'Cause it allows more people, organizations to scale that
couldn't afford to before.
But I, I guess I wanna ask you, 'cause we've brought
There's a couple of things I know you've kind of circled back to in,
in the conversation I think are super important, and that's around, like,
taste, especially in, in creative, right?
And you've mentioned how that's the one thing AI doesn't do yet,
is it doesn't deliver the, the taste factor that, that humans do.
Is that what you think will separate the companies that successfully adapt
quickly from the ones that, that are, are gonna struggle as they adopt
more AI into their organizations?
Or do you think there's something else?
Cole Moir:One, I, I think, the immediate success is taste.
I think you nailed it right there.
number two is really, integration of AI.
Ricardo Belmar:Mm-hmm.
Cole Moir:I kind of mentioned that too, a lot of companies are using it to
write copy or to think about, you know, resizing creative, in reality, it can
do so much more for an organization.
You know, I think the test there is, and if you're using it very well, is
you took AI away from everyone tomorrow,
Ricardo Belmar:Mm-hmm.
Cole Moir:would it break the system, or would
Ricardo Belmar:Mm-hmm.
Cole Moir:back to doing what they're already doing?
And I think that's a
Ricardo Belmar:Hmm.
Cole Moir:kind of
Ricardo Belmar:Yeah
Cole Moir:in that space.
And, and if it's everyone would go back, you've actually just attached
it to an existing marketing plan
Ricardo Belmar:Right
Cole Moir:But if it breaks the system, then you're getting somewhere, right?
And then you can start
Ricardo Belmar:Yeah
Cole Moir:of, of where that sits.
So
Ricardo Belmar:Yeah, you've really transformed it.
Cole Moir:with the structure, yep,
Ricardo Belmar:Yeah.
Cole Moir:for how
Ricardo Belmar:Yeah.
Yeah.
No, that's a great point.
A great point.
Well, Cole, I, I thank you so much for joining us today.
This was exactly the kind of fun conversation we were hoping to have and
wanted to have, kind of really getting beyond the headlines around, what's
happening with marketing, especially with your experience where you've been, and
I, I love how you've brought the idea of always working with the challenger
brands and, and, what we were just talking about with taste around AI.
Those are all things that I think are so critical for the, just the future
of marketing roles in, in general
Cole Moir:I, I've loved talking about this.
and thank you so much.
It's really exciting
Ricardo Belmar:Yeah.
Well, I, if anyone…
Casey Golden:spilling the tea
Ricardo Belmar:Exactly.
Always.
Always, yeah.
That's what we're here for.
Cole, if anybody in the audience wants to reach out to you, what's
the best way for them to do that?
Cole Moir:they can reach out to me on my LinkedIn, backslash
Cole Moir, or, my personal email.
I, I love to answer questions.
it's just Cole period Moir at Gmail
Ricardo Belmar:All right.
Excellent.
We'll have that in the show notes
Cole Moir:Yeah.
Amazing.
Thank you
Casey Golden:Check.
Check, check, check.
Ricardo Belmar:Check.
It's a wrap
Cole Moir:Amazing.
Casey Golden:Thanks, Cole
Cole Moir:Thank you so much
Casey Golden:If you loved this episode, drop us a five-star rating and review
on Apple Podcasts, Spotify, or Goodpods.
And if you're watching us on YouTube, like and subscribe before you go.
I'm Casey Golden.
Ricardo Belmar:Follow us on LinkedIn, Bluesky, Threads, and Instagram,
and subscribe to our Substack for highlights and bonus content.
For transcripts and guest info, visit retailrazor.com.
I'm Ricardo Belmar.
Casey Golden:Thanks for joining us on Retail Transformers, part of
the Retail Razor Podcast Network.
Ricardo Belmar:Until next time, stay sharp, be bold,
and keep transforming retail.
This is the Retail Razor Retail Transformers.



