Archive for the ‘Marketing Funnel’ Category

Webinar: 3 Pillars of Marketing Automation Success: Find, Connect, Engage

Tuesday, April 26th, 2011

You've heard it before: Marketing automation success relies on the process that drives it. But what should that process look like?

In our experience the foundation of a successful marketing automation process rests on three key pillars:

  • Finding prospects through identifying your ideal prospect profile and understanding their behavior,
  • Connecting with those prospects through relevant messaging and delivery, and
  • Engaging them through a strategically designed plan developed to build relationships with them and move them through their buying processes

Join us for a webinar on April 28th at 10am PT/1pm ET to find out. Mike Vannoy of Sales Engine International and I will be discussing the importance of these pillars, how they work together, and provide a framework on which you can build your own process and ensure you success with marketing automation.

 

 

 

About the Speakers:

Mike Vannoy, Chief Operating Officer, Sales Engine International - Mike is the visionary behind many of the innovative Sales Engine services. Mike heads the Post Production Team responsible for Sales Avatar videos, and the Program Management Team who execute client marketing campaigns. Prior to SEI, Mike held a variety of Senior Sales Executive roles for Ceridian Corporation including Vice President of Sales Operations and Regional Vice President of Sales. Under Mike's leadership, Ceridian upgraded their marketing automation platform and significantly increased lead generation programs. Mike graduated from the University of Wisconsin - Platteville earning a B.S. in Business Administration and is Six Sigma Yellow-Belt certified.

Emily Mayfield, Director of Marketing, Manticore Technology

Emily Mayfield, Director of Marketing, Manticore Technology - Emily is responsible for marketing programs, social media and public relations for Manticore Technology. With 8 years of B2B marketing and sales experience, Emily has become a thought leader in the area of marketing automation and marketing processes. In Funnel Focus, Emily explores insights and best practices on marketing automation and managing the marketing funnel. Prior to joining Manticore in 2008, Emily was Director of Marketing at AHR, Inc, where she launched the company's nationwide online real estate education program and managed its e-commerce site. Emily graduated from the University of Texas at Austin with a degree in Corporate Communications.

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Jeff Erramouspe

Developing Content to Reveal more Details about our Prospects – 5 Tips from Ardath Albee

Wednesday, January 12th, 2011

In today’s web-powered b2b marketplace, prospects are doing more independent research than ever before, making it critical for marketers to offer valuable, relevant content for every stage of the buying process. Since many of our customers site content development as one of their biggest challenges, I asked b2b content expert Ardath Albee to share some tips on how to develop content that helps us learn more about our prospects as we work to become more effective in helping them choose to buy our products. Here’s what she had to say:

Tip 1: Develop a story. Story-telling is one of the most persuasive and compelling ways to convey a message. Since solving a business problem has a structure similar to a story, it should flow naturally. A story has the structure of beginning, middle and end. A buying process is often defined as awareness, consideration, purchase. Content must be designed to motivate movement across each step of the process—one piece leading to the next, from beginning (status quo) to end (purchase).

Here’s an example:

The prospect becomes aware of a problem. They likely create a workaround. It’s not ideal, but it’s what they’ve got and it works okay. That’s their status quo. In this situation, they don’t yet have a reason to pursue further change. Then you come along with content that discusses all the things they can’t do because they never truly solved the problem. They say, “Sounds nice, but I’m not sure I really need it.” Your next communication provides content that shares the impact on other departments in the company because the problem is allowed to continue. The prospect had no idea of the true cost of the workaround. They decide to find out just what it might take to solve the problem and go in search of content that will help them learn more. You’re ready with content that answers their need, and on you go, telling the story the prospect needs to take next steps.

Tip 2: Identify the prospect’s stage in the buying process through content. If content has been designed to tell a story from beginning, to middle, to the end of a buying process, then the content the prospect interacts with will identify where they are in the process. But don’t use the first content they view as a determinant. For example, if a prospect has been in a lead nurturing program for 4 months and they finally click through, wait and see what they access next. Do they go backwards to content that tells the beginning of the story? Or do they stick with the story the way you’re telling it?

Tip 3: Trigger Content based on activity patterns. The beauty of marketing automation systems is that marketers can begin to see patterns of behavior over time that show them which content is viewed by prospects who have become customers as well as which content potentially motivated them to contact the company. Marketers can either create more content like that to speed the buying process, or they can re-order nurturing tracks to present a more compelling combination of content determined by their prospects’ expression of interest.

Tip 4: Use progressive profiling to qualify prospects based on the content they read. For example, if we use a “see also” automated response for the prospects who view specific content, we can create the opportunity to learn more about them at the same time.

Let’s say the prospect reads a specific article and that activity triggers an automated email that says, we noticed you read X, and we thought you might find this new white paper on X+1 interesting. The link takes the prospect to a landing page where they’re asked a couple of questions designed to elicit information needed for lead qualification. The answers are scored and added to their profiles, along with the score for downloading the white paper. This works best if the questions are related to the content’s topic in some way.

Based on how questions are asked during progressive profiling, marketers may discover that prospects are in a different stage of their buying process than their behavior indicated. The lead scoring model can be adjusted accordingly, as well as an adjustment to where content is used in the nurturing process.

Tip 5: Create and use personas to drive the development of content mapped to their buying process. Okay, that’s really two tips. But they work hand in glove. Marketing automation makes segmenting your database easy. The more closely your content matches your prospect perspectives, the more you can learn from how they respond. So take the time to get to know them as well as you can. Figure out what questions they have as they move across the buying process and develop content to answer them.

The key to questions and content mapping is that the context will help you map accordingly. For example, the question, “What will happen if I do nothing?” is a status quo question from a prospect who isn’t actively searching for a solution. The question “What are my options?” is from a prospect farther downstream who is actively trying to discover which vendors to engage with.

For more tips from Ardath on how to create and use content effectively, check out her section in The Quintessential Marketing Automation Guidebook, Use Content Intelligence to Drive Pipeline Momentum.

Ardath Albee is a B2B Marketing Strategist and CEO of her firm, Marketing Interactions, Inc. She helps B2B companies with complex sales increase their marketing effectiveness by implementing eMarketing strategies driven by compelling content that produce more sales opportunities. Ardath is a frequent industry speaker and the author of the popular Marketing Interactions blog. Her book, eMarketing Strategies for the Complex Sale was recently released by McGraw-Hill. Please visit her Website and follow her on Twitter.

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Jeff Erramouspe

5 Ways to Prevent Sales Funnel Leakage with Marketing Automation

Thursday, January 6th, 2011

In the b2b world of long sales cycles involving multiple decision-makers and influencers, sales funnel leakage is one of the most challenging issues Sales and Marketing face. It occurs when Marketing Qualified Leads are passed to Sales but do not actively enter the sales cycle, and as a result, fall out of the funnel. Why should reducing funnel leakage be a top priority for organizations? According to DemandGen Report, 80% of un-worked leads – those not worked by your sales team for various reasons - will buy from someone over the next two years.

Plugging leaks in your sales funnel can prevent you from losing un-worked leads to your competitors and significantly impact your bottom line. Below are 5 ways marketing automation can enable you to prevent sales funnel leakage:

  1. Create a lead scoring model to enable Sales to automatically prioritize leads.
    Lead Scoring models help your sales team prioritize leads that are ready for action. The total lead score is comprised of both a fit and interest score, and leads are automatically passed to sales once they reach a certain score. The key to creating a successful lead scoring model is getting Sales and Marketing to agree on what constitutes a qualified lead. According to a SiriusDecisions report, about 80% of leads are not followed up by on by Sales. This is probably because of a disconnect between Marketing and Sales.
  2. Use sales alerts to respond to high-scoring leads at the right time with the right message. Connecting with today’s crazy-busy buyer is incredibly difficult. If you are lucky enough to get them on the phone, you have about a 5-second window to say something valuable before you’re dismissed. Marketing automation provides your sales team with real-time sales alerts tracking when prospects enter your website and what pages they view – giving sales reps the ability to have a relevant conversation at the moment the prospect is focusing on you.
  3. Develop a lead nurturing process to engage decision-makers. According to a survey by American Business Media, 78% of business decision-makers say they are spending less time with sales representatives. Before scheduling a meeting, they want relevant information delivered to them. Content should be objective, personalized, and delivered in a simple, clean format. Each touch-point should provide more information and value than the last preparing them for the initial meeting with a sales rep.
  4. Close the loop between the sales and marketing process with tight CRM integration.
    In the long b2b sales cycle, circumstances, such as budget, role or need, are constantly changing. A lead that was initially qualified may become unqualified or not sales-ready. These leads should be passed back to marketing for continued nurturing. Tightly integrated CRM and marketing automation platforms, enable sales reps to enter those leads into a marketing-driven lead nurturing campaign directly from their contact records. Leads will continued to be nurtured by marketing until they are sales-ready – and when passed back to Sales, your company will be top of mind.
  5. Track your results and revise your process. Building a solid process to utilize your marketing automation solution to its fullest potential is a work in progress. You should constantly track and evaluate your results. Are there bottlenecks in your sales funnel? Does your lead nurturing process fizzle at a certain touch-point? Is your lead scoring model aligned with what Sales considers a truly qualified lead? Tracking your results and revising your process accordingly is critical to creating an effective sales funnel.

Plugging the leaks in your sales funnel can lower your cost of doing business and significantly increase deals closed per sales rep. Marketing automation enables you to plug those leaks and keep your hard-earned leads’ eyes on you throughout the sales cycle.

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Jeff Erramouspe