CMO Weekly, hosted by Hayley Clover, features an interview with Katelyn Watson, the Chief Marketing Officer at Talkspace. In this episode, Watson discusses her career journey, marketing strategies at Talkspace, and the brand's evolution. The episode is sponsored by OpenFortune, a marketing company that places brand messages inside fortune cookies.Watson's Career and Transition to Talkspace:Watson has led marketing at several fast-moving companies, including Nurx, Shutterfly, Care.com, and Cabbage. She specializes in scaling, repositioning, and reintroducing brands to the public.Watson's interest in mental health began at Nurx, where a mental health service focused on medication management was launched. The positive response from patients highlighted the great need for mental health services.A key factor in Watson joining Talkspace was the brand's high recognition and positive reputation.Talkspace's Marketing Strategy and Brand Evolution:Unlike her previous roles, where she focused on building growth engines for lesser-known brands, Watson found that Talkspace's existing brand recognition made developing a growth strategy easier.The brand was well-known for its partnership with Michael Phelps, which helped to associate Talkspace with online therapy. This campaign, which capitalized on the timeliness of telehealth and the reduction of mental health stigma, was so successful that the brand is still benefiting from the ad spend years later.Talkspace has shifted from being a direct-to-consumer subscription service to being in-network with most major insurance companies. This change makes therapy more accessible and affordable, with most people paying a $0 copay.The marketing focus has shifted from "who is Talkspace" to "did you know therapy is now affordable?". This new messaging emphasizes that therapy is for everyone and can be used for "mental fitness," not just for addressing problems. The brand underwent a "refresh" to convey this new mission of accessibility.To tell more authentic stories, Talkspace now features its own members in campaigns, sharing their real-life experiences with therapy. These stories cover a wide range of topics, from breakups to work struggles, and include testimonials from teens and seniors.The brand refresh also included new colors, fonts, and photography, all centered around the theme of "realness". The new brand identity aims to show that Talkspace helps people "make sense of whatever is going on in their life".Talkspace's marketing has moved away from a heavy reliance on traditional brand marketing like linear TV and out-of-home ads, which were used in its early stages. The company's first profitable quarter in January 2024 was achieved after a significant reduction in marketing spend.The company now focuses on "brand-formance," a convergence of brand and performance marketing. A key part of this strategy is partnerships with companies like Aura, where both brands can reach new, relevant audiences.The Future of Talkspace:Watson is focused on marketing new AI innovations, such as "TalkCast," an AI-created personalized podcast for members. She is also working to address the stigma associated with AI in a clinical setting.Other future initiatives include leveraging AI to help therapists with administrative tasks, like writing post-session notes, to free up time for patients.The company plans to continue expanding beyond therapy into other mental health services like psychiatry.Watson envisions a future where mental healthcare is not just a weekly session but is "woven in and out throughout your day" through new products and services.