The B2B Lead

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The 6 Principles of Deliberate Marketing: Role vs. Title – B2B Marketing and Sales Tip #184

This is the third post in a series on Deliberate Marketing. Be sure to check out the first post on Intention vs. Attention and the second post on Qualified Buyers vs. Leads.

Deliberate Marketing programs do not rely simply on prospect titles for targeting potential buyers.

For example, a B2B Marketer purchases a list or accesses a contact database and pulls a list of 1,000 Communications Analysts. How can that marketer be certain that the contacts who match those titles are involved with Network Communications instead of Corporate Communications?

Titles are simply a label of rank, not an indication of the actual role the prospect plays in the organization or in the buying decision. Instead, Deliberate Marketing programs are focused on “roles,” defined by Webster’s as: a function or part performed. They target communications based on organizational role and level in the DMU as well as stage of the buying cycle.

The average B2B marketing response rate is less than 3%, and it’s getting lower every year. It’s easy to see why title-based lists perform so poorly.

Consider a Fortune 500 company with 90,000 employees.
All told, this company has 500 IT staff.
Of those 500, 150 have a title of Manager, Director, and higher.
Only a handful of those 150 is in the right role to buy your product.

But what’s a marketer to do? Using current list technology, you can only get as specific as target title. So you have to market to all 150 people with ‘hot titles’, jamming the inboxes of the majority with an unwanted, off-topic solicitation. It’s simply not a cost-effective model.

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Monday, December 29th, 2008

 

It’s the Holiday Season, Time to Get Social

2008 has been a big year for B2B Marketers.  The idea of using social media as part of our lead generation programs has become a reality.  Whether it be blogging, Twitter, LinkedIn or Facebook B2B Marketers are taking on new challenges and figuring out new ways to reach their audience through the readily available social media outlets.  Here’s a list of some great social media posts from this year.  There’s lot of lists and dos and don’ts, if we’ve left a great post out, let us know, we’ll add it to the list.

50 Ways Marketers Can Use Social Media to Improve their Marketing

10 Aspects of an Effective Social Media Campaign

How to Build a Community of Twitter Followers

Ten Elements Every Company Blog Should Have

6 Keys to Bringing Up Social Media

24 Things to do When Stuck for a Topic to Blog About

Health Check:  How Trusted is your Corporate Blog?

Internet Marketing Roundup

5 Musts of Business Blogging

50 Social Media & Marketing Predictions for 2009

5 Tips for Promoting Your Business Page on Facebook

If you’re already knee deep in the world of social media, please share some of your successes or experiences.  Are you able to measure real ROI?

Happy Holidays and thank you for following us on The B2B Lead.  We look forward to sharing more B2B Marketing and Sales best practices with you in 2009.

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Tuesday, December 23rd, 2008

 

Publish your Content for Free – B2B Marketing and Sales Tip #182

So…you have written white papers and eBooks and they are up on your website. They are probably on the resources page and get their fair share of downloads. That’s good, but with some of the free publishing sites out there you can get more exposure.

I have started to put ReachForce content on some of the sites and wanted to share the results, compare with you or ask if you had suggestions.

Content placement sites:

Scribd – the best content placement site I think. You can publish, discover and discuss original writings and documents. It’s easy to set up…sign up and make an account for free, then just upload your documents. I have uploaded all of ReachForce’s eBooks and have gotten 5476 views as of today. People can add your works to their favorites and rate them. You can join groups an add friends.

Docstoc – provides the platform for users and businesses to upload and share their documents with all the world, and serves as a vast repository of documents in variety of categories including legal, business, financial, technology, educational, and creative. I uploaded all our eBooks and have 300 views and 30 downloads as of today.

edocr – upload your documents for sharing by the professional and business community. I uploaded our eBooks, again, and we have 618 views so far. One of our eBooks was featured on the front page when first uploaded.

whitepapers.org – is “all the world’s whitepapers in one place.” I really haven’t figured out how to see how many views or downloads our whitepapers have had.

The pros of publishing your content on sites like this is that it is free to do and can bring unexpected visitors an exposure. The biggest con I can find is that there is really no way to find out who downloaded our content (with information like an email address). To help with this, we added links to all our whitepapers and eBooks to hopefully drive traffic back to our website.

Suggestions?

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Friday, December 19th, 2008

 

The 6 Principles of Deliberate Marketing: Intention vs. Attention – B2B Marketing and Sales Tip #181

Does your sales team ignore the majority of leads marketing passes on?  Marketers must develop a more intimate understanding of their target customer and the market that customer serves to generate qualified buyers that Sales won’t ignore. Marketers must align their efforts with the Sales organization and streamline the Marketing and Sales funnel to accelerate the rate at which leads move through their funnel.

Deliberate Marketing is a proven strategy for putting more qualified buyers directly into the Marketing and Sales funnel to generate faster ROI. It is especially effective in the B2B Marketing space which is characterized by defined target markets, long sales cycles and complex buyer-seller relationships. Over the next few weeks, I will be covering The 6 Principles of Deliberate Marketing in hopes of helping B2B Marketers start off the new year with a new approach to drive more successes.

Principle #1: Intention vs. Attention

Do you know if your marketing programs are gathering intention or attention?  Intention means you have hit the right audience with the right message and they have responded to your call to action.  Attention means they looked at your message but they may not have been your buyer and there was no call to action. By focusing on intention vs. attention, you may have fewer leads to pass onto sales but those leads will be more qualified.

Deliberate Marketing involves researching your customers in order to build insight into their pain points and the medium through which they respond best to marketing messages. This research enables Marketers to deliver laser-focused messages and programs that convert buyer interest to buyer intent. It is not about spreading high level marketing messages to a broad audience via advertising or public relations hoping to garner attention for a product or company.

Rather, Deliberate Marketing is focused on converting a targeted segment of prospects into qualified buyers with an interest in purchasing a product or service. This involves knowing far more about your target audience than any list buy, database or telemarketing firm can ever provide.

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Wednesday, December 17th, 2008

 

Spend time with Sales and you’ll be a Better Marketer – B2B Marketing and Sales Tip #179

This week The Funnelholic had a great tip for marketers getting ready to go into 2009, and we wanted to pass it on to The B2B Lead readers.

“Do ‘ride-alongs’ with sales as you consider your marketing plans.”  So often we are busy putting programs and campaigns in place without even asking sales (our customer) if it’s what they need to move leads to opportunities and opportunities to customers.  “If you really want to add value as a marketer, you have to identify the ‘have-to-have’s’ for your customers, the sales team. The best way to do it, is to see for yourself.”

He then goes on to list a couple of great ideas on saddling up with your sales team to help do your job better and drive more measurable results.

Check it out and thanks to The Funnelholic for the great tips.

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Friday, December 12th, 2008

 

The New Rules of VIRAL Marketing – ReachForce Book Club

We are big fans of Mr. Scott and his eBook, The New Rules of Viral Marketing, which gives tips on how to spread your ideas for free using word-of-mouse. Or in other words, “one person sends it to another, then that person sends it to yet another, and on and on.” With the internet, it is now easier than ever to start a viral campaign, but “marketers need to learn how to harness the amazing power of word-of-mouse.”

This eBook is full of case studies and other “people’s success so you can apply some of their ideas and lessons in your own word-of-mouse efforts.” Most of this is at the beginning, so if you are short on time I would start on page 14 for the real meat.

David’s formula for success:

“A combination of some great-and free-Web content (a video, blog entry, interactive tool, or e-book) that provides valuable information (or is groundbreaking or amazing or hilarious or involves a celebrity), plus a network of people to light the fire and links that make your content very easy to share.”

To help achieve this success, David provides specific advice on how to launch a viral campaign using YouTube videos, e-books and other techniques. I’ll pick out some points I thought interesting (or that I haven’t thought about before) and list them here, but make sure you go back and read the eBook for all the tips.

How to help your eBook get shared:

  • Present you eBook in a landscape format, rather than the white paper’s typical portrait format. This makes it easier to read and signals to the reader that the content is interesting.
  • Consider writing in a lighter, more conversational style than you would in a whitepaper, marketing brochure, or Web page. Think of the writing in an eBook as you would write for a blog.
  • eBooks should always be free and should never have a registration requirement.  (This has been hotly debated for a while now on how to balance capturing leads and distributing content.  What do you think?)
  • Put a Creative Commons license on the content so people know they can freely share your copyrighted material.
  • Create a landing page from which people can download your eBook. (All of our eBooks and whitepapers have landing pages set up on the ReachForce Resources page on the website.)
  • To drive viral marketing, (you have to read the eBook for the rest of this great tip)!

9 tips for using YouTube (here are a few)

  1. Your video should be no longer than three minutes. (Come on, who has time to just sit and watch a 10 minute video…unless it is really funny or something). If you have a lot to say, consider creating a series of posts.
  2. Don’t attempt “stealth” fake customer insertions. Be authentic and don’t try to sneak in company promotion where you can. (YouTube itself can catch unauthenic video and that might cause harm to a brand).
  3. Make sure bloggers know about the video. The best way to do this is when you are reading and commenting on blogs in your space, next time you comment link to your video (if it makes sense to).

Other tips he mentioned:

  • Use interactive tools (like Hubspot’s Website Grader)
  • Don’t break the bank with expensive advertising
  • Don’t beg mainstream media to write about you

I have left some really great tips and specific advice out, so go back and read what all David has to say about viral campaigns. Have you had success with viral campaigns? What did you do?

David Meerman Scott is an online thought leadership and viral marketing strategist. The programs he has developed have won numerous awards and are responsible for selling over $1 billion in products and services worldwide.

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Thursday, December 11th, 2008

 

“You Oughta Know Inbound Marketing” – Marketing WTF?

This is GREAT! We are both customers and big fans of Hubspot, and they released a new video yesterday and we wanted to be sure readers of The B2B Lead saw it. It already has over 200 diggs and is Number 1 in YouTube when you search “marketing.”

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Tuesday, December 9th, 2008

 

Customer Experience Index Scoring – Part 4 – B2B Marketing and Sales Tip #178

Continuing with the 4th in a series (#1) (#2) (#3) discussing Customer Experience Indexing (CEI) as a way to measure, plan and act on customer feedback. Again, thanks to those who have offered comments and questions so far.

Working our way down a list of six areas:

  1. Planning
  2. Optimizing the flow of both loyalty and satisfaction feedback
  3. (We are here) Analysis of feedback and calculation of actionable CEI metrics
  4. Using the data for short, mid and long term account plans for retention and growth
  5. Using the data to locate new prospects using rule based company profiling and role-based targeting
  6. Using the data to plan and deliver action plans aimed at reshaping customer attitudes and opinions

To get the very best read on how a customer feels about their entire experience with your company, a scoring schema needs to be created to take metrics from both qualitative (loyalty) and quantitative (satisfaction) feedback into account. And it’s more important to get the idea and then craft a schema attuned directly to your situation than it is to try and create some sort of template. The key is to start producing metrics that people can use. There is nothing more boring than a report about customer experience unless the data comes within a highly actionable framework. To get there, let me share some tactics taken from a very recent Customer Experience Survey of ReachForce customers (shameless company promotion).

First, when we set the Customer Experience Survey up, we asked questions from both ends: quantitative (designed to detect technical satisfaction) and qualitative (designed to detect perceptions and feelings). Since this was ReachForce’s first major CEI initiative we paid special attention to creating solid questions for benchmarking – against which future survey results will be compared:

Quantitative question examples

  • Repeat purchase
  • # Data quality issues
  • Data value (ROI)
  • Frequency of use
  • Length of use
  • Have you recommended
  • 3 most important purchase criteria

Qualitative question examples

  • Purchase experience
  • Usage experience
  • Repeat purchase experience
  • Expertise
  • Compare with other vendors
  • Overall satisfaction
  • Would you recommend
  • Will you renew
  • Would you seek our brand for related services

Again, keep the wording simple and short when writing the questions and use multiple choice or True/False response, except for text boxes to capture responses for purchase criteria. Don’t be tempted to assume your own multiple choices to list for purchase criteria – Get these from your customers in their own words. More on this later in the series.

Here are a few more thoughts to consider while you are deciding on questions to ask.

  • Repeat purchase / frequency of use / length of use metrics will help calculate truer weights for responses to qualitative “feelings.” The more a customer has purchased from you, the more weight their feelings should have.
  • Ask the ‘Overall Satisfaction’ question up front as a way to set the best survey taking tone for the responder. Doing this immediately plucks the respondent’s overall impression of your company right out of the air – then builds upon it as subsequent questions are answered. This is a good way to get very honest answers.
  • Use skip logic to route newer customers away from questions about repeat purchase or renewals. In general, avoid questions that make the respondent feel like you are trying to up-sell or cross-sell.
  • On qualitative questions, give responders a way to respond in varying degrees. It’s hard to get into someone’s head with just Yes/No. For example, if you ask, “Would you recommend our company?” some good variances might be “Absolutely,” “Likely,” “Maybe,” “No.”

The point of the whole effort is to target actionable data discovery to bolster a competitive advantage both by leveraging the positive and finding/fixing the negative. As a simple example the bullets below about recommending ReachForce are simply an expanded take on Net Promoter. The big difference is the angle we took in terms of prompted versus non-prompted advocacy, or as I view it, the ‘gap population,’ — and the differences that exist between companies that are a reference account (92% spending x amount) versus a full blown advocate (73% spending y amount).

  • 92% OF REACHFORCE CUSTOMERS SAY THEY’D RECOMMEND US (IF ASKED)
  • 73% SAY THEY’VE ALREADY RECOMMENDED US (WITHOUT BEING ASKED)

As we do our Customer Success planning for 2009 we know that 92% of customers would act as a reference account if we asked. We also know that 72% have acted as a ReachForce advocate without our asking. Additional cross tab analysis shows that the 19 point gap is comprised of customers who are more satisfied with us from a technical, quantitative perspective than they are from the warm and fuzzy ‘experience’ perspective.

This is huge because now we not only know who they are – we also know what they specifically need from us to take that step up from ‘reference’ to ‘advocate.’ It’s so important because we know (by cross-tabbing these metrics with Customer Lifecycle Value) that the 73% of customers who are advocates also spend more! What better way to fine tune projections for organic growth and cross-sell, up-sell opportunity? More next week. Chime in customer experience geeks.

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Monday, December 8th, 2008

 

The “Oh $#%@!” Day in Marketing is coming…

Last year, we at ReachForce declared January 15th the “Oh $#%@!” Day in Marketing.

Here’s why:

Are you prepared to deliver sales-ready leads in January? December is typically a slower month for B2B Marketing teams, since most organizations slow down current marketing programs and instead spend their time preparing for the next year. Then, you leave for the holidays happy to have completed the painful process of planning and budgeting for the next year’s activities. But once the holiday haze clears, it’s January and everyone is ready to kick off the New Year with new customer wins. Your sales team wants to know, “Where are my leads? I’ve got a number to hit.”

The “Oh $#%@!” moment…

If you wait until you get back from the holidays to begin developing your marketing programs, when are you going to have leads to pass to sales? End of January? Beginning of February? Can your sales team land those deals by the end of Q1?

Instead, start developing your 2009 programs now and be ready to execute your first week back. Remember to go back and look at where you’ve been before getting started. With the economy on a roller coaster, we’re all being forced to do more with less. It’s more important than ever to analyze and target your lead generation initiatives at the right buyers in YOUR target market. I promise your sales team will thank you.

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Wednesday, December 3rd, 2008

 

A Client’s Bill of Rights – Three Key Points to Consider When Selecting a Marketing Partner – B2B Marketing and Sales Tip #176

This tip comes from one of our favorite marketing partners, Christa Kleinhans Tuttle. Christa is the Founder and President of Launch Marketing here in Austin.

Typically, a company engages a firm when it lacks time or internal resources to accomplish certain tasks. While this reasoning is effective and can deliver results, the most significant value of working with a third party is the opportunity to gain an unbiased perspective and deep subject matter expertise.

As the owner of a marketing firm, it is my goal to provide the best service and deliver the best results possible to every client.  So, I recently went out and spoke with multiple marketing executives to better understand what’s important to them when hiring an outside firm.  Questions ranged from discovering common pain points to successes experienced when working with a third party. I also asked about the selection process, priorities, communication styles and much more. After analyzing the results, the following are three of the top points from a client perspective:

  1. The Right to be Understood. It is often seen that some firms ramp up for a client pitch by preparing their resume of accomplishments instead of taking the time to do the homework necessary to gain an understanding of your company, products or solutions. The best pitches ‘feel’ like the firm is part of the company, so much so that it should be seen as extensions of your company’s internal team. The further the firm is along on that path of alignment in early stages, the better your odds are that it will add value to your team.
  2. The Right to Accountability. As a client, you have the right to receive work from a firm or consultant that is of absolute value to your company. If a firm is running up against obstacles on a project for a client, it is the responsibility of the firm or consultant to notify the client of the situation, and proactively provide an outline of alternative solutions to implement to help achieve projected goals.
  3. The Right to be Number One. Most importantly, you have the right to feel like you are the only client; the top priority. Regardless of how busy your point of contact is, he or she should always be responsive and accountable to your needs. If your point of contact can’t immediately start working on your request, he or she should at least respond with a phrase such as, “I can’t get to this today, but I can do so tomorrow.” A quick response to let you know they received the message and will work on it as soon as possible is priceless.

Know Your Rights
Make sure whichever firm or consultant you choose can meet these and any other needs specific to you, your internal team and your company. The expectations you outline up front can help you build a successful and long-lasting relationship with the third party you engage. To read the expanded version of this article with all ten “rights”, click here.

I’d love to hear your feedback and any points you think should be added.

About the Author
Christa Kleinhans Tuttle, is founder and president of Launch Marketing, which acts as a virtual marketing organization primarily for technology companies, and offers a range of services from developing and implementing integrated marketing plans to completing one time projects including launches, conferences, tradeshows, Web sites, print materials, online campaigns, direct marketing and more.

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Monday, December 1st, 2008

 
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