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© 2009 IBM Corporation
Great Campaign!Now What?
Pete JakobMarketing Transformation LeaderIBM UK
30 September 2009
© 2009 IBM Corporation2 [email protected]
Leaky Sales Funnel Increases Customer Acquisition Costs
October 2006, Best Practices “Improving B2B Lead Management”
Nurture [Verb]: foster, help develop, or help grow; the act of nourishing or nursing; tender care; education; training; that which nourishes; food; diet; sustenance; the environmental influences that contribute to the development of an individual.
© 2009 IBM Corporation3 [email protected]
© 2009 IBM Corporation4 [email protected]
“As long as the roots are not severed, all is well.
And all will be well in the garden.”Chauncey Gardiner – Being There
© 2009 IBM Corporation5 [email protected]
An Organic Gardener’s Guide to B2B Lead Nurturing
Pete JakobMarketing Transformation Leader
IBM United Kingdom September 2009
10 tips for a bumper harvest
Updated
for 2009
© 2009 IBM Corporation6 [email protected]
1. Are you growing the right stuff?Unless Sales are hungry for your leads, your marketing programme is DOOMED!
Management Questions:1. Who is the key sales sponsor?2. What is their capacity for leads, and what shape?3. What did they agree to do with the leads you
generate?4. How will you review progress with them?5. What will you do with leads they don’t progress?
Impact– Fewer, longer-running campaigns– Greater accountability– Increase focus on Sales Enablement and Nurturing
Symptom: Great campaign -> lots of “leads” -> can’t get sales to engage
© 2009 IBM Corporation7 [email protected]
2. Build Your Plot
The Glue between Sales and Marketing– Accountable to Sales and Marketing– Internal and External Resources?– Unified Management System
Response Management is NOT “Are You Ready to Buy Yet?” Measurements to Drive Intended Behaviours
– Identify Sales Opportunities– Nurture responses until Sales-Ready
Narrow & Deep vs Broad and Shallow
© 2009 IBM Corporation8 [email protected]
3. What’s growing well, and what’s not?
Website Contact Form
Event Attendance
Outbound Tele Demand
Generation
Inbound Contacts
Responses Database
Client-centric view
of Responses
Define your policy– What constitutes a response?– How will responses be loaded?– How quickly will responses be loaded and become
actionable? Points to consider
– Client at the centre or your response system– Include Third Party data from Events, Hosted web
content etc?– Business partner?
Develop picture of clients across multiple campaigns
– What is the optimum touch cadence?– What governance rules should apply across different
campaigns in market?
© 2009 IBM Corporation9 [email protected]
4. Follow the Instructions on the PacketRules-based Dialogue
A systematic approach to campaign contact structure for each response type
Events
Web Contact Form
Outbound Tele
Inbound Response
Blueprints are a startpoint for customisation for
specific campaign needs
Consider non-responders and responders
Consider “transactional” offers and “dialogue” offers
Benefits:
Plug leaks in the marketing funnel (eg non-responders)
Clarify Roles and Responsibilities within the team
Clarify when/how to pass to sales
Underpin alignment to tools
© 2009 IBM Corporation10 [email protected]
EVENT
No show registrations
Event Registrations
Email follow up
Thank you for attending:Offer 1: Event materialsOffer 2: Newsletter Offer
Attendees
Email follow up
Sorry you missed it:Offer 1: Event
materialsOffer 2: Newsletter
Offer
Accept Newsletter Offer?
Yes
Non-registered, but
interested
New
sle
tterRegistration
Click?Yes Sales Ready?
Pass to Sales
Marketing to follow up with
Sales to review
outcomes
Open? Yes Yes
EVENT
No show registrations
Event Registrations
Email follow up
Thank you for attending:Offer 1: Event materialsOffer 2: Newsletter Offer
Attendees
Email follow up
Sorry you missed it:Offer 1: Event
materialsOffer 2: Newsletter
Offer
Accept Newsletter Offer?
Yes
Telenurture “What Next” call
Nurture call (prioritised by email reports)
Learn More?
Sales Ready?
YesYes
Offer content options
Group content by
Learn/Scope/Select
No No
Thank You
Here are some additional resources
Yes
Non-registered, but
interested
Ne
wsl
ett
erRegistration
Sales Engagement
More content available?
No
Click?Yes Sales Ready?
Pass to Sales
Marketing to follow up with
Sales to review
outcomes
Open? Yes
Nurture
Yes
No No
4. (contd.) Plan Your Planting“Dialogue” offers
that permit ongoing contact
Plug leaks in the funnel by re-engaging with
non-responders
Leverage content aligned to buying cycle to advance customer journey
Leverage tools to provide
engagement insight
Nurture via Tele or Tool
© 2009 IBM Corporation11 [email protected]
5. Right Feed at the Right Time
JOURNEY STAGES
ISSUE RECOGNITION SCOPE REQUIREMENTS
SUPPLIER SELECTION
WHAT THEY WANT
Objective, up-to-date informationInformation at the right levelTools to help them understand what the right level is (eg vs maturity or vertical)Guide/pointers to other information
Proof of capabilityObjective support, no sales pitchCase studiesExplanation of different solutionsAbility to ask questions
Clear “why me” from suppliersEndorsement from 3rd partiesAccesibility to the right people who can take issue to technical solution
CONTENT/ CHANNEL SOLUTIONS
White papers – Yours & credible third partiesNewslettersInteractive toolsSupplementsPRWebinarsIndustry EventsIT Press/OnlinePodcasts
Case studiesQ&AsFAQsSolutionsSelf Assessment
Why Your Company/SolutionDemoProduct specificationsCall me/Inbound call
Learn Scope Select
© 2009 IBM Corporation12 [email protected]
6. Are the Nutrients being Absorbed?Scoring Responses
Responses Can be Scored based on– Job Role– Content Consumed– Activity
Can be Manual or Automated– Automation allows for automatic routing of
contact details once a new threshold reached Proceed with Caution!
© 2009 IBM Corporation13 [email protected]
7. Make it easier with a little machinery…
Events registration
Web Forms
Outbound Tele
Inbound Enquiries
AttractorTriggers
Standardised digital nurturing engine
Added-value Response
•Customer’s pain
•Engagement measure
LDR
Pass to Sales
Nurture Further
Comms 1 Comms 2
Comms 3
Objective: Know more about the client at then end of the journey than at the beginning
© 2009 IBM Corporation14 [email protected]
Marketing Operations
Campaign Planning
Campaign Execution
Response Management
Relationship Management
7. (Contd.)…Or with a lot of machinery
Nine Rules for Value-Driven Marketing Automation
© 2009 IBM Corporation15 [email protected]
8. Share your knowledge
Significant Customer Insight may have been developed via
– Automated Marketing System– Other Marketing Processes (eg
external Telemarketing)
Publish to Marketing AND Sales
© 2009 IBM Corporation16 [email protected]
9. Monitor Progress Regularly
1. Responses– How many named named, valid responses did marketing generate?
2. Marketing Validated Leads (MVL)– How many responses are nurtured to a level that has been mutually
agreed with sales • Separate marketing “influenced” from marketing “sourced”• Segment via Customer type (eg Core Clients, Investment Clients, New
Clients etc)
3. Sales Acceptance– Sales agreement (via SLA) to perform specific tasks with MVL
• Lead follow-up timeframe• Feedback required
– SLA defines specific reasons for rejection• Incorrect routing• Incomplete record• Doesn’t meet agreed threshold
– MVL-to-sales acceptance days – Review on regular basis via Sales/Marketing “huddle”
4. Sales Qualified Lead– Conversion rate of Sales Accepted lead to SQL– (Plus conversion rate of Sales Accepted to Lost)– Cumulative size of the opportunities now in pipeline
5. Closed Business– Conversion rate of SQL to closed business
Source: Sirius Inc
© 2009 IBM Corporation17 [email protected]
10. Apply Plenty of Mulch and Compost
www.mpdailyfix.com
www.raintoday.comsethgodin.typepad.com/seths_blog
www.mikemoran.com/biznology
blogs.forrester.com/marketingblog.startwithalead.com
© 2009 IBM Corporation18 [email protected]
Some Lessons Learned
People, Process, Tools– Cultural aspects are the most challenging
– Sell the vision
– Tools alone won’t fix itTiming
– Be selective, but relate to the bigger visionStay Focussed and PassionateStay Fresh – there’s a wealth of free insight
– Blogs
– Google Alerts
– Network
© 2009 IBM Corporation19 [email protected]
55
44
33
22
11
66
77
88
99
1010Align activity
with Sales
Capture all Responses
Plan structured nurturing dialogue
Align nurturing offers to
buying cycle
Score Responses
Automate where
appropriate
Integrate with CRM
Measure key Indicators
Refine and keep learning
Organise Resources
10 Tips for More Successful Campaigns
© 2009 IBM Corporation20 [email protected]
Thank You !
B2B Marketing – Open for Business
http://b2bnurture.blogspot.com/
© 2009 IBM Corporation21 [email protected]
Photo Acknowledgements
http://www.flickr.com/photos/tico_bassie/120810354/
http://www.flickr.com/photos/freefoto/2515337245/
http://www.flickr.com/photos/freeparking/2432369855/
http://www.flickr.com/photos/ellievanhoutte/2817039164/
http://www.flickr.com/photos/dweekly/2311463183/in/photostream/
http://www.flickr.com/photos/wheatfields/2606966401/
http://loveapplefarm.typepad.com/growbetterveggies/
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http://www.flickr.com/photos/markhillary/538883459/
http://www.flickr.com/photos/sylvar/112595227/
http://www.flickr.com/photos/nationalrural/1091785673/
http://www.gardenorganic.org.uk/
http://www.flickr.com/photos/chichacha/2473930145/
http://www.flickr.com/photos/jeremymates/2688974917/
http://www.flickr.com/photos/drstarbuck/194160521/
http://www.flickr.com/photos/angela7/87957760/
http://www.flickr.com/photos/pancakejess/1429256455/
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