Posts Tagged ‘Customer Acquistion’

Marketing Automation + CRM = Higher Customer Acquisition

Thursday, July 29th, 2010

Several of our latest enhancements to Manticore Technology VII involve improvements to the way the system interacts with Salesforce.com. For today’s post, I thought I’d take a dive into why a strong integration between your marketing automation system and your CRM system can accelerate your sales cycles—especially when used in support of a defined process.

Integrating marketing automation with CRM serves to connect both sides of the marketing-to-sales cycle. This consolidated visibility enables both marketers and salespeople to become more responsive and more relevant given their expanded access to pertinent information about the prospect.

Today’s B2B prospects don’t have a lot of patience for irrelevant dialogue. Funnily, just as your prospects don’t want to be “stalked,” they also expect vendors to be mind readers, delivering just the information or interaction they need—exactly when they need it. Thankfully, technology is enabling the insight required to perform this feat gracefully.

A few of the challenges that are answered by integrating marketing automation and CRM include:

  • Improved lead disposition. Lead scoring is a powerful tool for ensuring that your salespeople are not chasing prospects who aren’t yet ready for sales conversations. The ability to score based on both CRM fields and those housed within marketing automation improves the evaluation of a lead’s readiness, regardless of whether the lead was generated by sales or by marketing. This way, your salespeople are spending their time with opportunities, not tire kickers.
  • Connecting salespeople with prospects at the right time. With rules-based sales alerts that marketers can create on the fly—in response to defined behaviors—salespeople can be notified when a conversion event happens. They then receive the background information they need so they can connect with a business reason, not a “checking in” call. With this structured process in place, more initial calls result in productive conversations instead of dead ends.
  • Proof of marketing contribution to customer wins. The ability to build reports based on any field—default or custom—within Salesforce.com provides marketers access to the information they need to prove their contribution to all stages of the buying cycle—including deals. Accountability for marketing is the new imperative—and often quite the challenge.

Tracking the disposition of marketing leads from start to finish has been a leading challenge that kept marketers from proving impact to revenues. The alignment of marketing and sales has also been difficult. Improvements to the integration of marketing software with sales software is enabling the two departments to work together—hand-in-glove—to drive improved levels of customer acquisition.

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Christopher Doran

Thought Leadership Interview: Jill Konrath on Closing the Gap between Marketing and Sales

Wednesday, July 21st, 2010

Jill Konrath - SNAP Selling Jill Konrath wrote the first section of The Quintessential Marketing Automation Guidebook where she wrote a letter from Sales telling Marketing exactly what was needed to help drive revenue. If only companies were that brave. Her letter stirred up reactions from our readers, so I caught up with Jill to ask her to share a few more insights about how to bring marketing and sales closer together.

Jill has also offered up some free resources for you that complement her new book, SNAP Selling: Speed Up Sales and Win More Business with Today’s Frazzled Customers. I encourage you to go download Jill’s Buyer’s Matrix, her Value Proposition Generator, 9 Tips to Get Prospects to Call You Back, as well as listen to her audio on selling to crazy-busy people.

CD: What does marketing need to do to get salespeople to use the content they provide?

JK: Write good content. Most of what marketing produces today sucks. It's self-serving tripe that highlights the company's fabulous products, unique methodologies and state-of-the-art technologies. When sellers use this type of content, it trivializes them with customers. They're seen as product-pushing peddlers who add little value to the sales process.

Educate the sales force. After an eternity of only getting crap from marketing, salespeople don't have a clue how to use good content. They need to know how to follow up effectively on leads with content during the sales process.

Make it simple. Salespeople don't have a lot of time. If it's scattered across the website, it won't be used. If it's not intuitive, it won't be used. Make it as much a no-brainer as possible.

CD: In SNAP Selling, you talk about the prospect's three decisions. What are they and how do they related to content?

JK: Basically prospects make three primary decisions when it comes to dealing with salespeople. Their 1st Decision is to "allow access" to them. Sellers may only want a small amount of their time, but today's crazy-busy buyers are stingy with it. At this stage, salespeople could use content related to the value other firms have used from using the company's offering. This supports their reason for getting together and increases their chances of setting up a meeting.

The prospect's 2nd Decision is to "initiate change" – which is something they are loathe to do with everything else on their calendar. Sellers desperately need good content to help prospects determine if making a change would provide significant value for their organization. This could include case studies, white papers, podcasts, articles, analyst reports and more.

Finally, the prospect's 3rd Decision is to "select resources." At this phase, sellers need content that differentiates them from other vendors and supports the company's strengths. Please notice that I didn't say brochures. They provide little value except at the very end of the sales process. In my opinion, fancy four-color glossies are a relic of the past – even though salespeople may still be clamoring for them. There are enough sales dinosaurs out there who haven't yet realized that brochures create significant collateral damage and destroy more opportunities than they gain.

CD: In your new book, SNAP Selling, you present a Buyers’ Matrix. How would you suggest using this matrix as a tool to create a more productive relationship between marketing and sales?

JK: Every time I do a workshop with sales teams, I invite the marketing department to join us for the event. Why? Primarily because we do a major immersion into the prospect's environment. We analyze their roles, responsibilities, objectives, strategies, challenges and more.

Marketers have one view of what this is, while sellers bring a different perspective. When they finally work through this exercise, both groups are blown away by the invaluable insights and overlooked information that comes out through the use of the Buyer's Matrix. At the end, they're both operating from the level of understanding. And they realize that they have to change and adapt in order to be successful in today's crazy-busy business environment.

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Christopher Doran

Demand Generation Unifies Sales and Marketing

Tuesday, April 20th, 2010

As we see it, Demand Generation is a holistic approach to increase sales through programmatic, automated marketing and enhanced cooperation between sales & marketing.

That’s a lot to digest, so let’s break it down.

Demand is a qualified, active interest in your company’s offerings that results in increased sales.

Generating demand is the process with which the cooperative efforts of sales and marketing achieve more of those conversions with increased efficiency.

With control of the sales cycle back in the hands of your prospects, sales and marketing need to join together in creating a process that addresses the entirety of the path to purchase. With a majority of B2B demand generation taking place online, marketing automation technology is the platform that helps companies gain the visibility into purchaser behavior that’s lacking from the move away from face-to-face sales interactions.

In a B2B complex sale, the sales cycle is lengthening as more people become involved in the decision and information is made available from a growing array of online resources. During this cycle, marketing efforts must stretch farther into the sales pipeline to cultivate qualified, active interest. This said, the entire process must be fluid from the Leads’ perspective.

To create a holistic approach, marketing and sales need a closed-loop process that addresses the pipeline from initial lead generation through to the sale. Marketing automation software supports the execution of the process by triggering the most relevant response to a Lead’s interactions with your company’s website and email campaigns, scoring behaviors to help prioritize sales follow-up activities. This type of coordination and progression is difficult and time consuming – pretty much impossible – to accomplish with manual efforts.

The secret to demand generation is to motivate momentum. (See how in this archived webinar, Advanced Lead Nurturing Tactics) Demand is created when your content inspires Leads by providing recognizable value about how to solve a high-priority problem.  With a solid lead generation and nurturing process driven by relevant content and communications, the technology enables marketers to guide the appropriate execution that meets the needs of Leads with the right information at the right time. By tracking their response, the system provides the insights that marketing and sales need to effectively increase demand to the point of purchase.

With the combination of process and platform, marketing performance improves along with a willingness of sales to collaborate with marketing due to the overwhelming evidence of the production of high quality and actively interested leads that salespeople can sell to in shorter timeframes.

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Jeff Erramouspe