Research is one of the most effective ways for an entrepreneur or a business to understand its target market.
In this episode, Cat Agostinho and Jay Richards share how Imagen Insights helps companies targeting Gen Z-ers understand Gen Z’s better using their platform with the help of over 27,000 Gen Zers from a wide array of ranges from across 111 countries.
They also share how they got themselves and their platform got noticed by their three different audiences – their customers, the brands, and their community – through being visible and offering value.
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Post-production, transcript and show notes by XCD Virtual Assistants
The UnNoticed Entrepreneur is hosted & produced by Jim James.
Hello and welcome to this episode of The Unnoticed Entrepreneur. Today, I'm very delighted to have not one but two guests. I have Cat Agostinho and Jay Richards joining us from Imagen Insights. Welcome, you two.
Jay Richards:Hey, thanks for having us.
Cat Agostinho:Hi.
Jim James:You're welcome. And look, thanks for joining me because you've both built an amazing qualitative research business targeting Gen Z. You've got over 27,000 Gen Z-ers, as I believe, across 111 countries, helping big companies understand what Gen Z people are thinking about. And we're going to talk about how you've built that business today. So, welcome to the show.
Jay Richards:Thank you. Thanks for having us
Cat Agostinho:Thank you.
Jim James:Why don't we start with either one of you? 'Cause I know you're both co-founders, and you share this out, telling us a little bit more about "Imagen Insights" and what you do and how you do it.
Jay Richards:Yeah. So in a nutshell, Cat's smiling because she knows I'm about to go into my beat. So in a nutshell, our mission is to help Gen Z to shape their future. And realistically, we know the best way for them to do that is with brands, because brands are shaping countries and culture. Like our government's only wish they could do, especially our government, right? So, what we do is we enable brands to crowdsource qualitative and quantitative insight from our community. We have a community of 27,000 Gen Z in a 111 countries. They're 60% female, they are 14% black, 15% Asian, 20% from a low-income pack on, a 20% LGBT community. It's actually diverse. And we're able to crowdsource this insight from them within 72 hours. So from a quantitative perspective, that's nothing new, and that's for done to eons. But from a qualitative perspective, if you want to do good qualitative research, you have to do a focus group. Focus groups are both time consuming and expensive. So we designed a platform that you can get that same depth of insight, but at the scale of quantitative research, that's in a nutshell, that's what we do.
Jim James:Wow. Cat, how did he do? Did he nailed it?
Cat Agostinho:Always. You can love to practice.
Jim James:He's done it.
Cat Agostinho:Does it in his sleep.
Jim James:Look and the business is only three years old. I know you raised some money at the beginning, but you're already profitable, which is a credit to you to get that scale that quickly. And what I'd love to do is to learn from you both how you've accomplished that. So, who'd like to go first and sort of explain maybe the first barrier to getting the business, you know, started from a communications perspective, of course, you know? Because you've got two different audiences, and you've got, your customers, the brands, but also you've got your community. And I imagine one can't exist without the other. So I think Jay, Cat's asking you maybe to have this one.
Cat Agostinho:Yeah, absolutely. So yeah, we came together, like you said, it's been nearly three years. Our three years will be in November. Very exciting. And I think the big thing to say is that there was ultimately very shared values about what we wanted to do with the business, and that was to help young people in a way that would open doors for their future. And that absolutely is still the number one value and the number one reason that we set up the business. Without our young people and our community, then we wouldn't have that business. We wouldn't be able to go to brands and talk to them about this amazing thing that we can provide if we didn't have those young people. So I think, the big thing here is that Jay and I, although are extremely different people, we think differently. We have completely different outlooks and skill sets, but we share the same values. And that is so, so important for the foundations of the business. And that is why we've been able to grow and to continue to grow, and be able to build the community and also build the amazing brands that we work with because we have got that differentiation. But we can still come together on the reasons why we're creating that
Jay Richards:Yeah.
Jim James:Cat or Jay, do you want to explain— you've kind of got three different audiences, haven't you, from a sort of co-founder's perspective? You've got, as you mentioned, the brands, and you've got the community, and you've got your own team. Would you like to just address, in whichever order you like, the communications challenges and how you overcame those?
Jay Richards:Yeah. I think from a brand's perspective, that's a lot of my role. So a lot of my role is meeting brands virtually or physically, wherever the hell they're in the world. So a lot of that is really enabling them, because the problem that we encountered initially is that research just isn't attracted, it's not sexy. It's normally the last thing that people consider. It's normally influencer strategy, PCP, flipping media strategy, everything else. So our first challenge really was enabling people to understand that research was important, the research was valuable, and that it was needed. So that was the first role in communication going, "Okay, actually, research is good for you, it's good for your business, it's going to add value. It's going to make you more money in the long run." So that was the first challenge. And the second challenge was people seeing that we exist cause nobody knew me existed. So that was a lot of my role at the start was really just whether it was speaking engagements from like a sales perspective or on LinkedIn. Just very much just messaging and creating content, or whatever it may be to get us out there so people could say, "Imagen Insights are doing something. Cat and Jay are trying to build something." so that was a massive challenge at start and the way we overcame that was really just being consistent with it. So, Cat will know this really well. I post on LinkedIn every single day. I have done it for about three years, if not longer. I'm constantly sending folks emails, just once a month. But anybody that I've ever come into contact with, through the glass of this business, they get an email once a month from me, just helping to keep us top of mind, but just adding value. Every single post I do, every single email I send, nothing is salesy. "This is what we're doing, and this is what's going on in our business. This is what's going on in the Gen Z space. This is something you might find interesting. If you find it interesting, reach out to us. If you don't, that's fine. And if you want to remove yourself from the list, remove yourself from this." And just be very casual about it. And we found off the back of doing that, as we said, we've got a great profitable business, which is good. Then from a community perspective, that's what I was going to say from Cat next.
Jim James:Yeah.
Cat Agostinho:So from community, I mean, we do speak to basically any organisation, whether that be an educational body or youth organisation. Anyone that we can speak to that has young people, within that business, within that organisation. We will provide workshop, webinars. We'll go into the school. We'll do assembly. We'll kind of go and talk to young people about the opportunities that we offer. so that we can give them the choice to join the community if they want to. But a huge part of our community's growth comes from referrals. So we have these amazing young people, and we offer referral fees for them if they introduce new people to the community. So if they've had that experience, and we hope that is always a good experience, then they're not quite naturally going to invite their friends, colleagues, family, peers, to join as well. So that's a huge part for us. And then we also have, the reason that we caught a community instead of a panel, which a lot of research companies will be used to, is because we're always having the two-way dialogue. And by that, we are asking them what improvements they want to see to the platform, what we should be doing better, what type of resources we should be offering them. We invite them to our podcast, to panels there on with speaking engagements with us. So there's a lot more than just the getting paid to work on briefs, which of course is the number one reason, but there's a lot more that we can offer to that as well. So that communication just has to be two-way.
Jim James:That's wonderful. I love the way that it's an ongoing relationship with the people, as you said in the community, they're not a panel. But do you want to come back because you mentioned about the number one problem is companies not really knowing that the need research and you've then mentioned about consistency of delivering information, but how did you overcome the view that research is so low down the priority list? You talked about kind of being visible, but that's a little bit different to overcoming the objection, to doing research in the first place.
Jay Richards:I think the main thing is just getting people into a room. So I realised early on when we are engaging to people, the reason why people think research is important is 'cause they actually don't understand their challenges that they are facing. A lot of the time, they've been given a tip box, which is, "Achieved this revenue by next quarter," or "Get this number of views for this engagement." And a lot of the time, we've been tripped into thinking that's the actual metric that matters. That's the KPI that's important. But, a lot of my business meetings that I have with folks wherever it may be, is I ask two questions. I'd say, "What are you excited about over the next 12 months? And then, what are the challenges that you are facing with what you're excited about?" So what are you excited about? And then what are your challenges? And I always find in that first one, that first question, they're all very excited, telling me about everything that's coming up. And then the second one they go, "Oh, snap." We didn't realise these are the challenges that we're going to be facing. Because I really got to ruminate and sit on it, and think on it. So then by the time I talk about what we do, all I'm doing, like Cat said, before we got started recording, all I do is just show them that we're solving a pain point. So instead of it being me trying to pitch insurance, I'm going, "You've got a pain point and here's the medication for it." "You need paracetamol. Here's the tablet for it." Do you know what I mean? And I think that's the thing that we do very well — is we don't try and upsell anything. We just say, You've got pain, here's the solution. And then once you do that, people go, "I see the value of research." And that's why our clients, Amazon Prime Video and Humor, and whoever else, Google, Unilever. The reason why they come to us because we're solving a pain point for them.
Jim James:Yeah, that's wonderful, and really making it part of the process internally. As well as, say, management-wise, they're often given KPIs to get coverage, for example, or to get clickthroughs with that necessary knowing exactly why. One question then, are your brands attempting to sell to your communities or is it very much, sort of an insights and, an engagement that would be useful to know?
Cat Agostinho:Yeah. So the whole premise of the work that our IP people do is to provide their brutally honest feedback and their unfiltered, unedited thoughts, which can be, say, brutal, because they can be very brutal. So, you know, a brand has to be very open to the fact that they're not going to get praise all the time. You know, things are going to be taken very fiercely by our young people, and they're going to be honest about it. So it's not a case of, you know, just providing a bit of data. It's providing very rich qualitative information that then they can take away and actively make changes to their product, their design, their branding. Whatever that, you know, business or marketing challenge might be. And that's what we encourage our brands to do, is to make sure that they're actively taking that information and making changes for the better.
Jim James:Right, So it's fantastic. So it's sort of, there's an integrity there and it's not a sales. Are there any particular trends then that you're seeing in Gen Z across all of your clients that you think people should be aware of and in fact that you may be incorporating into your own communication strategy?
Jay Richards:Yeah, I think one of the big things, and Cat alluded to this eloquently earlier, is that the idea of research has always been so transactional. And when we started this business, when I was speaking with Cat about it and I was speaking about what I feel like where the industry is going to, Cat and I, we came to a decision that research, because it's been so transactional, it's just not been attractive to the people that have been engaging with the research. There's always just been, "I get paid two pounds and then I'll see you next time you've got a survey." And when we started to build this community, the entire premise was, if we can make a living breathing community like Cat was saying, where they get invited to events and they can meet up with each other. They can go on holidays together and we're starting to organise gigs and festivals really these things we're starting to put together. Because we're realising that if we can get this community to meet in real life, and it goes from online to offline, then there's an added element to it that isn't really out there. And I think the ability to communicate that effectively to the community, but then also to clients. The clients see the added value and that's the reason why all of our clients, because we're a risk. If we're being honest, we're a startup, so they're taking a risk on us. 'Cause they know that the community and how they add value.
Jim James:Jay, let's just switch gears slightly. That's the community, and we've talked about the brands, which is great, but obviously you've got a team and with co-founders whilst you plainly, sing with one voice. How are you managing the sort of internal communication because being one founder has one set of challenges too from a communications point of view. There are lots of opportunities for things to get misunderstood, duplications. I'm not sure which one of you gets the nod on that answer.
Cat Agostinho:We have to be really honest. We have to talk a lot, you know. We're a business. We're a startup. We are still learning. We don't know everything, right? Things are going to go wrong. There's going to be pressures, there's going to be money, worry. There's going to be all these things that come with like business, but unless we are completely honest with each other, and I often say that we're like each other's therapists because, you know, had every possible emotion, whether that's laughing, crying, you know, happy, whatever it might be. We have to be open to the fact that it is a bit of a roller coaster. And I think what works for us is for us to be transparent and honest with the team. So we are so, so grounded in feedback, not just from a kind of 360 feedback perspective, which is important, but in all of other up to ones that we have to, with the team, with all in all our meetings. We encourage feedback both ways because we are humans after all, and we are going to get things wrong. We are sadly not Gen Z, so we need to rely on our younger team members to make sure that they're upskilling us and we are learning from them as well. So, communication, transparency, about the good and the bad, I think is super important for a really healthy business.
Jim James:Okay. And Jay?
Jay Richards:I definitely think, off the back of that. I think one of the interesting things is, Cat knows this. This is nothing new. My brain's always like, I'm always two years, like I'm living in some other time zone. I'm always, "Oh, this is what we're doing in five years and so on." And so Cat and I were like two sides of one brain. So Cat is very much what's happening this month. And I just don't like, "I don't know what's happening this month." But I'm like, "That's too stressful for me." But Cat is so good. So I'm like, "Oh, I feel like we should do." And then Cat's like, "Yeah, I feel like we should be do that awesome stuff". And she's like, "If you ever consider this." And then we create this crazy vision. But then, Cat's very good at going, "Okay, so how can we implement that right now and then carry that out?" And I think when we're communicating to the team, I will regularly jump onto a call like, "Guys this it. We're going here. We're going there." And everyone's like, "Yeah. Woah. Woah." And the Cat's like, "Cool." So this is the practical next steps of how can we get there. And I think sometimes be transparency. Cat and I were speaking about this in our 360s together yesterday, is where the team, sometimes they hear the, "Rah, ra, ra. Vision, vision, vision." From me, but then sometimes they didn't realise that Cat and I had spoken about that beforehand and it's just me that delivered it. So sometimes people think, "Oh, all the vision comes in Jay." I'm like, "Joey, that's not happening. Cat and I are speaking for hours on end about this stuff. We're waffling together. Just talking shit. Sorry, talking like talking together. And then we literally, then the vision comes out and I normally the one to tell them." I love doing that part. But then also Cat, then a lot of times does the management stuff. So Cat's like, "Guys 360s are coming out. Guys timelines, guys KPIs." And then people are like, "Oh, that's all coming from Cat. Not realizing that Cat and I have had those conversations behind the doors, but actually the hearing are just coming from Cat. We're actually working at the moment and we're still trying to get used to. It is where sometimes Cat can do some of the stuff. Because we both come up with the vision together. It's just sometimes I prefer dishing that out and actually the management stuff. We both decided that together, but a lot of the time it comes from Cat's voice. So we're actually try, like today I'm going to do the team call. We're just trying to learn how to sometimes just shift those roles slightly, not taking away from what we're naturally good at. I naturally love division stuff and I hate the managing stuff. And, but we can both talk about those things because we both discuss them behind the doors, if that makes sense.
Jim James:Yeah, absolutely.
Cat Agostinho:I think it's being comfortable in, in also what you were like. We are very comfortable in that situation. So if other people perceive that's fine, but actually if one of us was uncomfortable doing something, then we would just change it.
Jay Richards:Yeah. 100%.
Jim James:Yeah. No, it sounds like a really powerful, and a very dynamic way of leading to grow the company as well. And what about structurally? You know, I love the technology of this as well, of running a company. Can you explain some of the tools that you're using? Because, you know, there are two of you and you've got teams and you've got, you know, 27,000 people around the world, 111 countries hard enough to run a small business from one place. So what tools are you using to keep the communications sort of shared and live and transparent?
Cat Agostinho:So from an internal perspective, we use our main, like two tools are Trello and Slack. So Slack from a daily communication perspective. For Trello, I mean, honestly, I think Jay and I live, sleep, breathe Trello, and we hope that the rest of the you will eventually like love, but also appreciate what Trello does for us. But I think our personal lives, our work lives run on Trello and I just can't recommend it highly enough for an organisational tool.
Jim James:Oh wow, Okay. That's high praise. And that's creating a platform because I'm not so familiar with Trello? That's knowledge-management, is it? And messaging?
Cat Agostinho:Yeah. It's a task management though and basically any task that you have throughout your day, month, week, year, you have what are called Trello boards, and you add those tasks, you can do it for everybody in your team. You can move stuff around. You can have reminders. And this is, by the way, not sponsored.
Jim James:No, that's right. You have free licenses, but I think, Jay, you mentioned beforehand, you've built the community, on AWS, on the Amazon Web Services. Do you want to just share a little bit about that as a platform for reaching externally and to the community?
Jay Richards:Yeah. So in a nutshell, Amazon Web Services is literally the platform that we built our web app on. We're in the process of building our mobile for Android and iOS, which is exciting. But, when we first raised investment, very early doors, maybe 2018, one of our first investors were not private equity, a venture capital firm, but actually they did it personally. So didn't do it for the brand themselves. But when they invested, they let me know that they actually had, Amazon Web Service credits. So basically you get these free. You get free money from Amazon to use their platform. Basically it gives like $50,000 or $25,000 or something, and it lasts over four years. So it means our Amazon Web Services bills are literally nonexistent. Which is phenomenal. So it means that we've been able to build the entire platform on Amazon Web Services for free this entire time.
Jim James:That's amazing. And I have to put a link, obviously to that in the show, or at least a link straight to you for people who want to find out more about it. If there's a takeaway, you build a fast growing business and an interesting category, and globally from England. A takeaway, a key piece of advice from a communications perspective that you'd like to share with a fellow entrepreneur, fellow maybe unnoticed entrepreneur like me.
Cat Agostinho:I think. You know, firstly offering a service that people need and it solves a challenge, but really believing in that vision. Because if you do, then all of the communications, your passion will come out in that communication. You know, every time we talk about the business, not only do we believe we are genuinely solving the challenge, but we believe in what we are creating and we are so passionate about it. And I think if you have that communication, world will grow, and grow, and grow and get noticed for sure.
Jim James:That's wonderful. And Jay speaking with one voice there, or did you want to add in anything?
Jay Richards:No, that's perfect. Couldn't say it better myself.
Jim James:Me neither. Cat Agostinho and Jay Richards joining me from Imagen Insights. Thanks so much for sharing today. Building a wonderful and sounds like a really progressive business, both in terms of what you're doing and how you're doing it. Thank you so much.
Jay Richards:Thanks, Jim.
Cat Agostinho:Thank you so much for having us.
Jim James:You're more than welcome. So you'll be listening as I mentioned, to Cat Agostinho and Jay Richards here in the UK for Imagen Insights, all to do with Gen Z. So I will put their contact details in the show notes. And until we meet again, I ask you to please share this show with a fellow entrepreneur that you think might enjoy learning how to get noticed. And if you like the show, please do rate it. It really helps. And until we meet again, do keep on communicating.