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Building Prospect Relationships through Inbound Nurturing Ellie Mirman

Building Prospect Relationships Through Inbound Nurturing

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The benefits of inbound nurturing, and steps to take to nurture leads through the sales and marketing funnel in an inbound way. Presented at the Inbound Marketing Bootcamp - May 21, 2014 - Neenah, WI.

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Page 1: Building Prospect Relationships Through Inbound Nurturing

Building Prospect Relationships through Inbound Nurturing

Ellie Mirman

Page 2: Building Prospect Relationships Through Inbound Nurturing

When you do Inbound Marketing right, you attract potential customers early in the sales and marketing process.

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That means you need to nurture

those leads until they are qualified and ready to buy.

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Only 25% of leads are legitimate and should go to sales.

50% are qualified but not ready to buy.

Source: Gleanster Research

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Only 33% of B2B marketers say they have an effective lead nurturing process.

Source: Executive Benchmark Assessment Survey / DemandGen Report

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According to Forrester Research, companies that excel at lead nurturing are able to generate 50% more sales-ready leads at 33% lower the cost per lead.

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AGENDA

Benefits of Inbound Nurturing 1

2

3

5 Steps to Create a Successful Campaign

Inbound Nurturing Beyond the Inbox

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Benefits of Inbound Nurturing 1

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1 Establish contact immediately

9 Benefits of Lead Nurturing

35-50% of sales go to the vendor that responds first.

-InsideSales.com

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1 Establish contact immediately 2 Build thought leadership

9 Benefits of Lead Nurturing

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1 Establish contact immediately 2 Build thought leadership 3 Maintain consistent communication

9 Benefits of Lead Nurturing

66% of buyers indicate “consistent and relevant communication provided by both sales and marketing organizations” is a key influence in choosing a solution provider.

-Genius.com/DemandGen Report

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1 Establish contact immediately 2 Build thought leadership 3 Maintain consistent communication 4 Identify interest/pain

9 Benefits of Lead Nurturing

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1 Establish contact immediately 2 Build thought leadership 3 Maintain consistent communication 4 Identify interest/pain 5 Find segmentation opportunities

9 Benefits of Lead Nurturing

Segmented emails get 50% more clicks.

-MarketingSherpa

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1 Establish contact immediately 2 Build thought leadership 3 Maintain consistent communication 4 Identify interest/pain 5 Find segmentation opportunities 6 Maintain or increase engagement

9 Benefits of Lead Nurturing

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1 Establish contact immediately 2 Build thought leadership 3 Maintain consistent communication 4 Identify interest/pain 5 Find segmentation opportunities 6 Maintain or increase engagement 7 Automate nurturing through sales cycle

9 Benefits of Lead Nurturing

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1 Establish contact immediately 2 Build thought leadership 3 Maintain consistent communication 4 Identify interest/pain 5 Find segmentation opportunities 6 Maintain or increase engagement 7 Automate nurturing through sales cycle 8 Find cross-sell and up-sell opportunities

9 Benefits of Lead Nurturing

Nurtured leads have 9% higher average deal size and 23% shorter sales cycle.

-Market2Lead

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1 Establish contact immediately 2 Build thought leadership 3 Maintain consistent communication 4 Identify interest/pain 5 Find segmentation opportunities 6 Maintain or increase engagement 7 Automate nurturing through sales cycle 8 Find cross-sell and up-sell opportunities 9 Encourage referrals/new lead generation

9 Benefits of Lead Nurturing

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1 Establish contact immediately 2 Build thought leadership 3 Maintain consistent communication 4 Identify interest/pain 5 Find segmentation opportunities 6 Maintain or increase engagement 7 Automate nurturing through sales cycle 8 Find cross-sell and up-sell opportunities 9 Encourage referrals/new lead generation

9 Benefits of Lead Nurturing

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5 Steps to Create a Successful Campaign 2

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Step 1: Understand Your Buyer Personas

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TIP:

Segment your nurturing by persona to tailor content to each persona’s specific challenges.

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39%

34%

28%

24%

24%

24%

21%

Increased Open Rates

Greater Email Relevance

Lower Opt-Out/Unsubscribe Rates

Better Deliverability

Increased Sales Leads

Greater Revenue

Greater Customer Retention % ofrespondents

EMAIL LIST SEGMENTATION RESULTS

SOURCE: LYRIS, INC.

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Step 2: Determine Your Goal

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TIP:

Your goal may differ at different stages of the funnel and different personas.

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POTENTIAL EMAIL GOALS:

• Generate new leads: enable sharing

• Follow up on offer download: kickback email

• Collect audience feedback: surveys

• Increase program awareness: informative copy

• Nurture leads further down the funnel: resources

• Facilitate sales process: CTA such as “call us”

• Educate customers about new features: overview

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Step 3: Map Content to Every Stage of the Funnel

5 Free Infographic Templates

Content Creation Kit for Inbound Marketing Campaigns

Request a Demo of Inbound Marketing Campaign Software

Case Studies, ROI reports, RFPs

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TIP:

Nurture leads with content that helps them solve their problems. This will build trust and encourage them to turn to you when they’re ready to make a purchase.

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Over 75% of email revenue is now generated by alternatives to generic

one-size-fits-all campaigns.

Personalized emails see 14% higher click-through rates and

10% more conversions.

SOURCE: ALCHEMY WORX: ABERDEEN GROUP

USE PERSONALIZATION

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Step 4: Set Up for Smarketing Success

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TIP:

Keep an open line of communication between Sales and Marketing at all times. Get feedback, understand their day-to-day, and set up the team for success.

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Step 5: Measure & Improve

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TIP:

Be diligent about having a metric for everything you do. This ensures that every activity has a purpose.

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1 Understand your buyer personas

2 Determine your goal

3 Create content for each stage of the funnel

4 Setup for smarketing success

5 Measure & improve

5 Steps to Create a Successful Campaign

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Inbound Nurturing Beyond the Inbox 3

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95% of online consumers use email; 91% check email at least once a day.

Email has longer lifespan than social media.

77% of consumers prefer email for marketing communications.

Email lets you be highly personal.

Email marketing has an ROI of 4300%.

1 There are more than 3.2 billion email accounts today.

6

2

3

4

5

**NOTE: If you’re viewing this deck on a PC, the numbers appear to not be centered. Don’t adjust them! This is to account for the reformatting that occurs when moving from a mac to a pc—they’ll look centered when recorded!

EMAIL NURTURING IS EFFECTIVE

SOURCE: EXACTTARGET (1,2), DIRECT MARKETING ASSOCIATION (4, 6)

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But people consume information in many ways.

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Social Nurturing

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Website Nurturing

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Retargeting

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1:1 Nurturing Leveraging Your Data

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Leverage all of your channels, your content, and your people to nurture inbound prospects into inbound customers.

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THANK YOU. [email protected]

twitter.com/ellieeille

linkedin.com/in/elliemirman