?? Domino's Pizza around the World and Failing vs. Learning
Nataly Kelly
?? Chief Marketing Officer at Zappi | ??Top 50 CMO on LinkedIn | ?? Harvard Business Review Contributor | ?? Latest Book: Take Your Company Global | ?? Get My Newsletter: Making Global Work
Domino's Pizza is the largest pizza company in the world, with stores in 90 different countries. They are also well-known for their award-winning marketing campaigns. But did you know their international business is helping to drive significant growth? Look what happened to their revenue by segment in recent years. While other segments declined, Domino's added nearly $100M in revenue from 2018 to 2023 thanks to international franchises.
Well as of this week, it's very clear that Domino's is going to keep investing in their future, by leaning into international opportunity. They just announced a franchise deal with Jubilant FoodWorks Ltd. that includes plans to open more than 5,500 Domino's stores (yes, 5,500 new locations!) across six different markets: Azerbaijan, Bangladesh, Georgia, India, Sri Lanka and Türkiye. They currently have 2,793 in these markets, and 18,848 in total.
While this might seem like a lot of pizza, the world is a big place, and the pizza market is growing. Forecasted annual sales growth through 2023 was huge in nearly every part of the world, according to the Pizza Power Report (also, such a fun name for a report!)
The franchise model is very popular with quick-service restaurants expanding into new markets. I personally wish more B2B companies expanded through channel relationships also, as there are so many major benefits to going this route in terms of sales velocity and gaining instant ability to operate in a new market.
Failing vs. Learning
The number one reason I'm not afraid of failure is that I love to learn. The best learning often comes from challenges, not from sitting around never taking any risks. If you're stretching yourself and trying new things, you are pretty much bound to fail. The only people who do not fail are those who never really push themselves beyond their comfort zone or those who are... fictional.
I have failed so many times that I have learned to regard any failure as a learning opportunity. Here are some of the many ways I have failed throughout my life and how they have helped me:
The reason I'm writing about failure today is that it can be easy to look at a person and assume that when they are succeeding, that they have zero struggles, that their life is easy, or that they have their act completely together. That is never the case. Every person on this earth has their hardships and problems. And everyone fails. Normalizing failure is so important.
The best thing is, when you get older, you've often had enough failures that you're not afraid of failing or looking ridiculous or trying new things anymore. How I wish I had known failure is not only a good thing, but a totally normal thing, when I was younger.
Takeaway: next time you "fail" at something, remember, you're not failing. You're learning. You're growing. You're evolving. You get to decide what you call it. How you view it is a choice.
Grace Notes
What else is going on this week? Well, here's something interesting...
I was named a Top 50 CMO on LinkedIn, and found myself on a list with a lot of CMOs at much bigger companies, with marketing leaders I really admire.
I was in spot #6 in a list that included CMOs from brands like 辉瑞 , 百事 , Molson Coors Beverage Company , Visa , Chobani , Delta Air Lines , Nasdaq , 联合利华 , Ulta Beauty , Liberty Mutual Insurance , H&R Block , The North Face , and more.
At first, I thought this recognition might be a mistake (see above for how many times I have failed at things).
But when I read about the methodology (follower count, engagement, and overall use of the platform), I realized that hey, maybe I did belong on that list after all, even if #6 still seems surprising.
And, maybe if I want to set a good example for others out there, I should simply say "thank you" and own the recognition, versus trying to swat it away.
I enjoy LinkedIn, mostly because it's a place where I can engage with a group of people I've been fortunate to stumble across during my finite trips around the sun. LinkedIn is a place where you can so easily curate your own micro-community.
This newsletter has grown so rapidly, that it has nearly double the number of people now as the population of my hometown where I grew up in rural Illinois! I am very grateful to everyone who reads it and supports it. I hope it's a burst of inspiration for you, because it's always fun for me to write it. I have no idea if all the newsletter engagement also helped put me on that Top 50 CMO list, but I am grateful to all of my readers.
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Other Ways to Connect with Me
Thank you for reading this newsletter!
Here are 3 other ways we can connect:
1. Get my new book.
Don't forget to get your own copy of my latest book, Take Your Company Global.
It was kindly endorsed by my longtime CEO at HubSpot, Brian Halligan:
“Take Your Company Global is the definitive guide to building a global business in the digital age.” —Brian Halligan, Co-Founder and Executive Chairperson, HubSpot and Co-Author,?Inbound Marketing
Already have it? Liked it?
Help others find it, and leave a review on Amazon.
(Thank you to everyone who has left one so far. I appreciate you!)
2. Find me online.
Looking for my books, blog, and other writing?
Get all this and more at my (recently relaunched) website, Born to Be Global.
3. Book me for a talk.
I can do the following types of talks, depending on availability:
It's pretty easy to find out if I can help you.
Just go to borntobeglobal.com and fill out the form to get in touch!
See you next week,
Nataly
Global expansion enabler | Helping fast-growing companies build a pathway for global growth
6 个月Inspired with your "failing forward" (learning), Nataly Kelly! Also, congrats on your top CMO citation - keep up being visually appealing, with a heart ??