10 Nov |
Lead Conversion—the Biggest Challenge in the Marketing-Sales Funnel |
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A couple of weeks ago we purchased the comprehensive, 200 page MarketingSherpa 2012 B2B Marketing Benchmark Report. This veritable source of marketing insights is a reminder of the B2B marketing industry’s key challenges and ways in which organizations are struggling to overcome them. Over the next few posts on my blog, I thought it may be worthwhile to focus on certain aspects of this report and how marketers can apply this intelligence to enhance lead generation strategies and processes. The study analyses how B2B organizations plan, execute and measure business activities such as lead
Read more...18 Oct |
B2B Marketing and Lead Generation Challenges – “The Q Continuum” |
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One of my all-time favourite television shows was Star Trek – the whole gamut of Star Trek: The Next Generation, Star Trek: Deep Space Nine, and Star Trek: Voyager. For those of you who didn’t fancy it or can’t remember trivial details like I do (am not ashamed to admit it!), let me remind you about the Q Continuum – an extra-dimensional plane of existence inhabited by a race of extremely powerful, hyper-intelligent beings known as the Q. They typically display indifference to most non-Q beings but have a deep interest in the development and progress of humanity. The Q character,
Read more...08 Jun |
Make Sales Leads a Privilege, Not a Right |
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Want to significantly increase your B2B lead conversion rates and get your salespeople to provide near 100 percent feedback on lead status? Then stop sending them sales leads— seriously! Instead, set up an online lead distribution system that requires them to request each and every lead. This simple change can have a profound effect on your conversion rates. Why? It starts with human nature: all of us value something more if we have to pay for it or request it. When something is given to us for free or without consideration, we tend to value it less. Similarly, sales leads that are
Read more...02 Jun |
Overcoming Lengthening B2B Sales Cycles |
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Recent research from a number of sources confirms what all of us in demand generation have suspected for some time now: (1) In spite of the proliferation of new marketing communications tools like social media, companies report that generating qualified sales leads continues to be their biggest challenge and (2) The sales cycle, especially for technology marketers, is getting longer. What significance do these findings have for B2B marketers? Companies (and especially their field sales forces, dealers, and resellers) have always wanted more qualified leads, not more leads, so this isn’t
Read more...25 May |
The Missing Link in Lead Qualification Systems: Sales |
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Demand generation marketers often spend countless hours designing and fine-tuning their lead handling systems. Complicated flow charts are created, lead questionnaire content is debated endlessly, forms are designed, and telemarketing and email scripts are reviewed ad nauseam. Yet, many of these sophisticated marketers overlook the single, most crucial element of a successful lead qualification system. What is it? Field buy-in is crucial For some reason, the sales force is often left “out of the loop” when it comes to lead planning. This only adds to the age-old distrust and outright
Read more...04 May |
Social Media for Demand Generation….Is it more of a B2C than a B2B phenomenon? |
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My most recent post on social media’s pros and cons drew a lot of feedback. So, I thought we should continue the “conversation” by offering a few more opinions from this admittedly old-school but open minded marketing professional about the value (or lack thereof) of social media as a demand generation medium. As always, I welcome your continued comments. Better for Small B2C Marketers? If you look at the biggest and most successful users of Twitter and Facebook, they seem to be B2C marketers. For example, Starbucks (@Starbucks) and Zappos (@Zappos) are using Twitter apparently to
Read more...26 Apr |
Social Media for Demand Generation: Silver Bullet or Snake Oil? |
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Social media sites like FaceBook and Twitter are revolutionizing the way companies market their products and services— or, at least, that’s what the internet marketing consultants, evangelists, gurus, and camp followers have been preaching to us for about two years now. What’s the reality behind the hype? Should social media be an integral part of your demand generation campaigns? Is it producing significant, measurable ROI for anybody out there? Let me know your real-world experiences at lfoong [at] thealeagroup.com. Debunking the Famous Dell Case Study Yes, like you, I’ve read the
Read more...10 Mar |
Break Your Lead “Pusher” Habit for More Sales |
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“Pushing” sales leads out to field reps and resellers is a traditional industry habit for most B2B marketers that is terribly inefficient. Sales people, like all human beings, simply don’t value something as much if it is given to them without cost or condition. As a result, leads that are “pushed” to the field are often not followed up in a timely manner, resulting in poor conversion rates and lost sales opportunities. Implementing a “pull” lead management system, on the other hand, can produce dramatically better results. Because the lead has been specifically requested by
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