Paul Guenther: Pursuing his Passion while Success Follows
The 10 Most Inspiring Business Leaders to watch out in 2020
An entrepreneurial mind is not bound by age or lack of
opportunity. All it takes is an innovative thought to lead them on. Paul
Guenther had always dreamed of being an entrepreneur. At the amateurish age of
fourteen, Paul started his first E-commerce website. Thereafter, he worked in
several high paying jobs that offered him promising careers in sales, marketing
and production, however, Paul knew that his true passion lies in being an
entrepreneur which led to the founding of Knowledge Hub Media. He was
self-taught in web development and knew how to build out good sites with strong
but natural keyword saturation which proved as a value add in the growth and
success of the company.
Knowledge Hub Media provides B2B
demand generation (or lead generation) services via white paper and content
syndication. The company today, has an influential global presence. They
have a large global audience (the people consuming their content) and can reach
just over 39 million B2B contacts. They are also global from a sales
perspective with clients from every continent on Earth (sans Antarctica, of
course) over the last 10+ years. Recognized as one of the top privately-owned
fast-growth companies in the United States, Knowledge Hub Media has received
Inc. 5000 honors from Inc. magazine three years in a row (from 2015–2017). The
company is developing rapidly with the changing trends of the marketing and
advertising industry. Paul led the company to success with his profound
knowledge derived from the various fields he worked in, combined with his
childhood dream of being a successful entrepreneur. In this exclusive article,
Paul shares his journey with us that highlight the challenges, growth and
success of Knowledge Hub Media.
Turning Dreams into Reality
Paul was working for a company that was in the B2B
Advertising industry, and he really liked it. He had successfully taken on and
worked in several different roles within the company – more specifically, in
sales, client services and client marketing. This is where Paul felt that he
had a pretty good grip on most of the moving parts. Once he was confident, he
quit his job in 2009, and started his own B2B Advertising Technology company.
Back then, it was called “IT Knowledge Hub” – as IT Professionals and IT
Decision Makers were their general target market in terms of visitors and email
subscribers. Most of the challenges Paul faced at that time, included,
fulfilling campaigns with a limited audience. Initially Paul, had to also spend
a large amount of money on marketing to spread the word and to keep the
registrations coming in. Despite these challenges, Paul was determined to
achieve his entrepreneurial dream and was willing to be patient for his
success.
Today, Knowledge Hub Media has attained a prominent position
in the industry with their unique and distinctive offerings as compared to
their competitors. Paul and his team have overachieved their goals by providing
excellent customer service which is the company’s value proposition. Beyond
their employees and financials, Knowledge Hub Media’s growth strategy is
strongly based on the customer experience (offering the best in the industry),
their internal management efficiency, and their ongoing ability to innovate.
The Life of a Successful Entrepreneur
Paul graduated from Penn State University with a bachelor’s
degree, in the Spring of 2006. He had founded another website back in 2002
which helped him to pay for college. Between 2006 and 2009, he had seven
different jobs that some people might consider “careers.”, however Paul longed
to fulfil his childhood passion. “At the end of the day, I didn’t like any of
the jobs too much… And being the entrepreneur that I am, I was always bouncing
around to new opportunities, chasing a higher paycheck. I was never truly
fulfilled career wise until I started Knowledge Hub Media.”, says Paul, a
steadfast business leader.
Paul has taken Knowledge Hub Media from just a startup to a
full-fledged running company with many accolades along the way. Some of the few
personal achievements that Paul regards as his best are, graduating with an MBA
/ Master’s in Business Administration (2010), graduating with a Doctorate in
Business Administration (DBA) in 2019. Professional achievements include, bringing
on the first sales employees – Anthony DiFilippo in 2011 and James Pastuf in
2012 who continue to work with the company till date. In fact, everyone who has
ever worked with Knowledge Hub Media continues to do so, they have had 0%
turnover in almost 11 years of business. Other important achievements are, on
boarding their first non-sales employee, Paul’s brother, Chris Guenther (2014),
hitting $1 Million in Revenue for the first time (2013), hitting $3 Million in
Revenue for the first time (2017).
Paul is a proficient businessman who has learned his trade from
hands on experience. He is a focused leader but at the same time he ensures
that he maintains a balance between his work and personal life. Albeit,
striking a perfect balance is difficult, Paul makes a constant effort to do so.
He works hard all week. His typical day at work begins early in the morning at
8 and ends early in the morning at 3 the next day. “I do take breaks and hang
out with my family in between all of this, of course! But I NEVER work on the weekend. This is a
promise that I made to my wife before we got married; a promise that I made to
myself before I even started the company. I do not want to be tied to work
24/7, and being a sociable person, I also like doing things with friends and
family on Friday nights, Saturdays and Sundays. Most importantly, to spend as
much time as possible with my beautiful wife Allison and three-year-old son,
Paul.”, Paul shares. Pledging to never work on the weekend ever, has afforded
Paul the ability to achieve great success.
The Role of a Responsible CEO
As the CEO of Knowledge Hub Media, Paul has a long to do
list every day that must be checked by the end of each day. His prime
responsibilities include, B2B Sales & Business Development, handling
Accounts Payable / Vendor Invoices, building out ABM Lists, Install Base
Intelligence List, Intent Data Lists & Other Datasets, running Employee
Payroll, Paying Independent Contractors and Handling All Bookkeeping,
formatting & Posting Unique Website Content, enterprise Form Solutions,
Edits and Maintenance, generating & Updating Monthly Income / Expenses
Reports, generating & Updating Monthly Sales Revenue Targets, generating
& Updating Sales Commission Reports, initiating ACH/EFT and International
Bank Wire Payments (Monthly), maintaining an Ongoing Master Lead Delivery
Report, setting up Monthly Team Meetings: Preparation, PowerPoint Slides &
Presentation via Zoom, weekly 1-on-1 meetings with each of my employees – where
we can discuss/address just about anything, ongoing Employee Satisfaction
Initiatives, Requests, Reporting & Training, ongoing Sales & Service
(Current Clients), ongoing Sales & Service (Partnerships), ongoing Wed
Design Changes, Plugin Maintenance & Formatting, outsourced Report
Maintenance (VI), prospecting New Clients via Email, forecasting New Campaigns,
Completing and Submitting RFP’s to Clients, Search Engine Optimization, SEO
Reporting and Search Engine Marketing Initiatives, Server Maintenance &
Uptime, Website Metrics Reporting, Website Updates, Maintenance & Uptimes.
“I am still very much involved in essentially all internal processes. I’m
working around the clock most of the time – but don’t feel bad, I like it!”, he
shares.
Distinctive Services of Knowledge Hub Media
Knowledge Hub Media utilize their
customer’s white papers, webcasts, eBooks, and other assets to generate highly
qualified sales leads; based on the specific software and/or service-based
solution(s) offered by each of their clients. Each client’s internal
salesforce then contacts the leads that they have generated to (1) gauge their
interest in the solution that they are offering/selling, (2) get them into the
automation platform and/or sales pipeline, and (3) ultimately close the deal. They
run many different types of specialized lead generation campaigns, as well.
These include BANT Campaigns, where four qualifying questions are asked to
ensure the contact has the authority, the budget, the buying timeframe and the
need for the solution being promoted.
In addition to the earlier mentioned services they also run
SQL/SRL lead campaigns, where the leads indicate that they want to be contacted
and receive more information about a client’s solution. These are very high
quality, sales ready leads. They have recently developed the ability to provide
intent data to their clients. So, along with running standard Account-Based
marketing (ABM) campaigns, which they have done for years, they can also build
customized ABM lists for clients. These lists are made up of companies who are
already showing intent to buy their solution. The intent is measured by the
types and amounts of content they are consuming on several different B2B
technology related topics.
Motivating Factor and Handling Competition
Paul is responsible for the lives of nine people. Their
income and their livelihood depend on the company’s income and livelihood. This
is the biggest motivating factor for Paul, to ensure that his people have jobs
to go to everyday. “Because of that motivation, I’ve never had to lay anybody off,
and we’ve actually never had any kind of turnover. We have a 100% retention
rate, and I’m really proud of that. Almost 11 years in business, and nobody has
ever quit, been terminated or laid off!”, Paul asserts.
Knowledge Hub Media differentiate themselves from their
competitors in a few very specific, and valuable ways. For one, they can
micro-target their demand generation campaigns – providing leads to their
clients that are made up of very specific job titles, company sizes, industries
and install bases. These days, most of their campaigns are also company
targeted via ABM lists or buyer intent lists, as well. Second, they can
effectively target every country in the world to engage in lead generation
(save Japan), and can promote each client’s offer(s) in the native language of
their choice. Lastly, they ensure that all their campaigns are completed on
time! “We don’t ever “over-promise and under-deliver,” and all leads are
delivered within the campaign’s agreed upon flight dates.”, Paul adds.
Knowledge Hub Media try to stay ahead of the game by using
their own, internal big data. From this data, they derive their own B2B intent
data analytics – which allows them to target companies and individuals who are
more likely to be in the buying cycle for the types of software and technology
solutions that they are promoting on behalf of their clients. The main takeaway
is that their intent data is dynamic and always changing. Changing just as
quickly as marketing and advertising technologies, if not even faster!
A Vision for a Better Future
Paul’s vision for the future of Knowledge Hub Media is to
continue to add new team members, create new products, and innovate new
technologies to offer their clients a true edge over their competition. Also,
to build revenue year over year and to reach $10 million in annual sales by the
end of next year. Paul dons a different approach when it comes to the growth of
the company. He resists the pressure of approaching growth as a race and lets
it come organically. Founders often measure their growth and relentlessly
pursue their target; however, Paul believes that they often should take the
time to learn their industry and ramp things up the right way.
Paul’s journey while building Knowledge Hub Media has been a
thrilling experience for him. He went at his convenient pace and built a
rock-solid foundation first instead of pursuing growth. Moving forward with a
positive outlook, once he was confident, he took on the responsibilities of
additional employees within three years of the foundation. “When you become a
slave to growth, it changes the company culture, and I never want that.”, he
shares. For Paul, a conservative approach to business builds a better company
that can stand the test of time. A company that can withstand every business
and economical obstacle offering a secure workplace for its employees, is a
strong company that is built to stay for the long run. Paul is a business
leader who has not only built a strong company on his own terms but has also
built the lives of his employees offering them better opportunities to grow and
thrive. “The test of our progress is not whether we add more to the
abundance of those who have much; it is whether we provide enough for those who
have too little.”, says, Paul, an inspiring leader who was once an ordinary
employee with an extraordinary dream.