Posts Tagged ‘Lead Scoring’

Interview: Mike Damphousse Answers 5 Questions on Integrating Human Touch Points into Lead Nurturing

Friday, April 15th, 2011

In the Lead Nurturing Cookbook, we offer a recipe for managing and qualifying inbound leads using your marketing automation platform. Mike Damphousse, CEO/CMO of Green Leads, LLC, a firm that specializes in using the phone to get qualified appointments for its clients’ salespeople on a pay-per-performance basis, participated as an “Expert Chef” on this recipe offering marketers insight on how  to create a strategic process to involve people in the process of lead nurturing and qualification.

To expand on some of the important concepts Mike discussed in the Cookbook, I asked him to answer 5 questions to help you understand the importance of leveraging personalized outreach along with marketing automation to improve your success.

EM: What role does telemarketing play in qualifying inbound leads and why is this role critical to the process?

MD: In the scope of demand gen, inbound leads inherently have a higher value than other forms of leads because they have already raised their hand in some manner. It may be as simple as them simply visiting your site and learning, or it may be as mature as a lead requesting a call back after educating themselves on multiple visits. As it pertains to how an inside team or an outsourced vendor plays into the inbound lead follow-up and qualification process, there are two key factors to remember: first, the faster the prospect has a response from you, the more likely they will convert to a meaningful conversation, and second, know what they were interested in and be prepared for the call. They warmed themselves up for you, so don't make the mistake of treating it as a cold call.

EM: How does integrating telemarketing into your lead nurturing programs affect data integrity and sales intelligence?

MD: No matter how good your automated lead scoring and data collection can be, there is still no replacement for human judgment. Allow your team to be able to make lead scoring adjustments and insist that they consider data hygiene a part of their jobs. A typical example that results from an inbound lead is missing titles. A simple thing, but it impacts the lead score, the reps impression of the lead, etc. So the simple act of having the rep verify the title, say with LinkedIn, is significant. It creates clean data. It can impact or trigger a change in the lead score. And it prepares your rep for the call. The benefits of maintain good data far outweigh the time it takes to maintain it.

EM: Your company Green Leads specializes in b2b appointment setting and reaching top-level executives. What advice do you have for sales reps and telemarketers tasked with connecting with these decision-makers?

MD: Think about this: the sales cycle doesn't start until a conversation with a prospect is taking place. Make sure that your prospect wants to have that conversation. So if your goal is appointment setting, don't call and sell your products and services, call and earn the right to have a more detailed conversation about your products and services. Make the goal of your first call to get a second call.

EM: At what point in the prospect-to-close process would you recommend integrating your first human touch point?

MD: Think about where in the process the prospect is. If they are educating themselves, make your touch bring value to their education process. If they are showing the propensity to buy, then increase your touch to a more detailed sales discussion. Adjust the touch to the prospect. Make it a buying process instead of a selling process.

EM: In the Cookbook you discuss the importance of incorporating the human touch into the lead nurturing process. How can marketing automation improve those one-on-one interactions?

MD: Most marketing automation systems now can actually schedule a human event. And what I mean by that is if you’re building a lead nurturing track, and let’s say the track is: prospect downloads White Paper 1; you nurture them for several weeks; if they visit your site again, you spring another email on them, etc. When they get to a point that’s appropriate to involve a sales rep or telemarketing rep, the marketing automation system can trigger that human event. Honestly, selling doesn’t happen until a conversation happens. So if the lead nurturing track has gotten the prospect to the point that they’re deemed educated and qualified, then you trigger some level of interaction to occur.

Mike is the consummate sales and marketing executive, leading both the growth of Green Leads and the techniques and practices behind Green Leads' demand generation success. Mike brings over 20 years of senior management experience from a series of high technology and b2b marketing firms. During the past 6 years Mike has developed a new brand of demand gen that leverages both technology, the human asset, and social media. After sharing these ideas with other leading demand gen companies, Mike decided to form Green Leads, where he can complement these practices with a higher sense of quality and accountability to the company, its people, its clients, and its community.

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Jeff Erramouspe

In the B2B Funnel, Is There a Clean Sales Handoff?

Thursday, February 17th, 2011

In the last 10 years, the role of a marketer has drastically changed. Marketing is no longer just about filling the top of the funnel. It’s about supporting the buying process from contact to close and ultimately working with Sales to drive revenue. This paradigm shift between Sales and Marketing is driven by buyer behavior and has left many organizations playing catch up.

Contact with a sales rep occurs much later in the buying process, and according to DemandGen Report, 77% of buyers do not follow a traditional buying path. Leads might be passed to Sales based on an action they took indicating they were “sales-ready” yet still be in the awareness phase of their buying cycles. This begs the question, is there such a thing as a clean handoff to Sales or a clean return to Marketing?

The key is that buyers don’t care which side is communicating with them, they care about what’s in it for them as they work toward solving business problems. Marketing automation helps marketers add value to buyer relationships even after those prospects have begun to interact with salespeople.

Take a look at 3 ways marketing automation can be used to help salespeople after the “handoff”:

  1. Post Handoff Scoring: Once a lead’s score reaches the qualification threshold for transition to sales, that doesn’t mean that their activity with your website and content ceases. In fact, it could even accelerate as they get involved in the complex details necessary to validate that your solution will actually serve their specific situation. With visibility into just which content your qualified leads are accessing, marketers can provide salespeople with additional content and collateral that matches buyer activity to help keep the momentum toward purchase moving along.
  2. Continuous Nurturing: By creating a post-handoff lead nurturing program jointly with your sales team, marketers can continue to provide late-stage “touches” that help to prove the value sales reps bring to the conversation. Because marketers know which content leads have viewed to date, they can continue to build the relationship on behalf of salespeople. The integration with CRM will help salespeople choose when to interact as well as provide them with fodder for relevant follow-up conversations.
  3. Growth in Interest: Anonymous Web Visitor ID can help marketers identify website visits from additional contacts at the qualified lead’s company. With B2B buyers involving more influencers and stakeholders, sharing this insight with sales reps can help them gauge the true level of buying interest and spot opportunities to extend conversations and offer additional information that may help the buying committee take next steps.

The above are only three suggestions for how marketing automation can help companies establish a seamless end-to-end buying process, facilitated by sharing the insights to prospect behavior that sales reps can act upon to expedite the purchase decision. Marketing automation software generates the data marketers need to provide new levels of support to sales. The challenge is in developing the processes for sharing the data in ways that help salespeople have better conversations and more relevant interactions that serve buyers’ needs.

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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