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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

 

Best Practices in Lead Nurturing – ReachForce Book Club

In this whitepaper, Marketo sets up a great analogy between Lead Nurturing and Dating that we can all learn from (lead nurturing that is, you’re in the wrong place if you are looking for dating tips).  I don’t want to regurgitate the whitepaper, so I will just expand on a few things that Marketo touches on.

Marketo talks about the introduction to your prospect or “date”.  If you are looking for a long term commitment, be sure you are looking for your type.  If you know your best dates are tall, dark, and handsome, then that is who you should be looking for.  Do you know your “type”  when it comes to prospects?  Do you know you are looking for high tech firms with 1000+ employees that are in the bay area or are you looking for healthcare companies with 20,000+ employees on the east coast?  You have to create a profile of your ideal “mate” or customer; after all you don’t want to flirt with (market to) everyone.

Marketo also says you should be where your potential dates or prospects are.  If you know you like tall, dark, and handsome, don’t travel to Sweden looking for your mate.  If you know your prospects prefer LinkedIn to Facebook, then that is where you should be too.  Don’t waste your time creating Facebook ads and pages – you are not trying to catch every fish in the sea.  Instead, create a group on LinkedIn and participate in LinkedIn Answers.

The whitepaper goes into a few ideas for building your thought leadership.  Whitepapers and eBooks are both great but again knowing your audience will pay off here as well.  The eBook may be the “hip and stylish younger sibling to the nerdy whitepaper,” David Meerman Scott, but if you are trying to reach a highly technical audience, a well written and detailed whitepaper may be a better fit.

I guess my point, once again, is know your customer.  For another analogy, you have to know what kind of fish you are going after so you can use the right bait (shrimp, worms, cheese) and hang your line in the right kind of water (fresh water, salt water).  Casting a wide net will get you a lot, but will it get what you are looking for?  Are you using the right bait to catch your next customer, ie whitepapers, eBooks, blogs?  Are you in the right kind of water, ie on Twitter, Facebook, LinkedIn, or in person tradeshows?

Be sure to read the whitepaper for the full analogy (they do a much better job than I).  For those of you who have read the whitepaper, what did you think?  I know I left out a lot.  What great lead nurturing tips (or heck, I’ll take dating tips at this point too – not for me though, I’m engaged) did you get out of it?

Marketo provides B2B marketing automation software that translates marketing spending into revenue. Their award-winning lead management software features email marketing, lead nurturing, lead scoring, and closed-loop reporting capabilities to help marketing and sales teams work together to generate and qualify sales leads, shorten sales cycles, and demonstrate marketing accountability.

Next Thursday, we will be chatting about David Meeman Scott’s eBook, The New Rules of Viral Marketing (no I am not stalking him, but yes I am a superfan).

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Thursday, December 4th, 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

 

Eight Critical Success Factors for Lead Generation – ReachForce Book Club

If you’ve been doing B2B Marketing for any length of time you know who Brian Carroll is.  If you don’t know who he is, you should.  His eBook, Eight Critical Success Factors for Lead Generation, is a must read for “lead generation specialists committed  to the long-term proposition that digging for leads, educating prospects, navigating the nuances of the complex sale and creating new, high-level return on investment is what has brought lead generation to the position it enjoys in the marketing hierarchy today”.

I read this eBook a couple of years ago but I was due a refresher.  While all 8 factors are important to lead generation success, I pulled out a few things we could all benefit from doing or ensuring on a more regular basis.  My summary and highlights by no means replaces reading the eBook.

  • Remember you are creating conversations, not campaigns – “Companies don’t buy, people do.”  With each lead generation initiative we are developing an ongoing relationship with the prospect.  We are educating and providing value with each touch.  Or at least we should be.
  • Be sure you have identified an Ideal Customer Profile before getting started – we’ve talked about personas many times on The B2B Lead. Building out the ideal customer profile makes everyone’s job easier.  Why wouldn’t you do it?
  • Universal Lead Definition – it’s key that both Sales and Marketing agree on this.  “There is consensus that sales functionaries fail to act on nearly 80% of the leads they get, largely because most of the leads aren’t qualified, or because appropriate buyers haven’t been identified and targeted.”
  • Your database – your most valuable marketing asset.  “The properly designed and well-maintained database is the hub of all lead generation activity and communication.”
  • Lead nurturing – we all know it takes multiple touches to turn a contact to a lead and a lead to a real prospect.  “Lead nurturing is not a single marketing campaign, but rather a series of steps and communication tactics with the objective of developing and building a relationship with the potential customer.”  Automation tools make this easier than ever.  No more excuses to not nurturing.

This is only a few highlights from the eBook, now go read it yourself if you haven’t already.  If nothing else, the pictures/diagrams are worth your time.

Brian Carroll, CEO of InTouch, Inc. part of the MECLABS Group that owns MarketingExperiments and MarketingSherpa and author of Lead Generation for the Complex Sale (McGraw-Hill 2006) and the B2B Lead Generation Blog with expertise related to B2B marketing, lead generation and complex sales.

Once you’re done with this one go ahead and download next week’s eBook – HubSpot’s Get Found Online.  We’ll be chatting about it next Thursday here on The B2B Lead.

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Thursday, November 13th, 2008

 

FREE B2B Marketing Tools – B2B Marketing and Sales Tip #171

Many B2B Marketers, along with most Americans, are wondering what is going on with our economy.  Now that we have elected a new President, will that help?  How long will this slump last?  How is this going to affect budgets and jobs and new sales opportunities?  While wondering all of the same things and how it will affect ReachForce, I decided to make a list of FREE things that we as Marketers can do in a recession.  Some lead generating tools and some awareness building tactics, but all things you can do at no cost.  Here’s what I came up with, please feel free to help add to the list.

Twitter – free social networking and micro-blogging service that allows its users to send and read other users’ updates (AKA tweets), these text-based posts can contain up to 140 characters.  Feel free to share links to other good content in these micro posts too.
Here’s 10 tips for building a following a Twitter.

Commenting on other industry thought leader’s blog or other blogs related to your business – Get in on the conversation and get your view point out there.

Submit your best practice content to free sites – The content will be indexed by the search engines allowing people to find your article when searching for something related. Some examples are Scribd, Docstoc and WhitePapers.org.

Website Grader – Website Grader is a free seo tool that measures the marketing effectiveness of a website. It provides a score that incorporates things like website traffic, SEO, social popularity and other technical factors. It also provides some basic advice on how the website can be improved from a marketing perspective.

Email signatures – Set up a standard email signature for all company emails and include things like your blog, or events you’re attending or a customer testimonial video.  Easy to do and everyone that gets an email from someone at your company will also get your mini marketing message.

ReachForce Insight Lite -  Do you know your best customers? Can you easily identify your target market sweet spots – markets that you sell the most or the fastest? Are there other business buyers in your sweet spot that you should be targeting with your Marketing campaigns?  Download ReachForce Insight Lite on the Appexchange and see.

Re-purpose content you already have – or create a Top 10 list or a list of Top 5 things to Avoid.  People love lists and you probably already have all of this information at your finger tips.  At ReachForce, we’ve recently turned our best 101 blog posts into an eBook series.  We didn’t have to create anything new, we just pulled the best posts and put them together in an eBook format.  We’re currently using them for lead generation campaigns and getting GREAT results and feedback.  Also, it has increased our daily blog traffic.

LinkedIn – just sign up and start linking up.  LinkedIn is rolling out new applications and group features all the time, take advantage of these free networking tools.
Once you’ve set your profile up, check out LinkedIn Answers.

Facebook – Facebook is somewhat of a new thing for B2B Marketers, here at ReachForce we are still figuring out our strategy but know their endless opportunity out there.  Here’s a few tips on getting started and promoting your business via Facebook.

Google Analytics – why wouldn’t you use this?  Here’s a few more ideas on Tracking Tools.

ReachForce Convert 30 Day Trial – You are probably tracking web site visitors and your best PPC keywords, but are you capturing those visitors and turning them into actionable leads? Only 3% of web visitors fill out a form or announce themselves; what happens to the other 97%? ReachForce Convert, a software-as-a-service application, empowers Marketers to proactively target lead generation efforts at passive web visitors.  Why not try it, it’s free.

Press Release Grader –   “Press Release Grader rates a press release based on a checklist of criteria – from content and structure, to search optimization and link analysis. The free tool is designed to optimize a press release so it can be found more easily by media, bloggers, customers and prospects. Press Release Grader provides an analysis and recommendations that will help you improve the way your press release is structured.” It only takes a second and the recommendations for improvement are typically easy fixes.  Again, why wouldn’t you use this tool?

What FREE stuff are you using out there?  Please share with the rest of us.  Who knows, it could save your fellow Marketer’s job.

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Tuesday, November 11th, 2008

 

Our New President, Barack Obama – Marketer of the Year

Did you know that our new President Barack Obama was named Marketer of the Year 2008? Last month, Advertising Age named Barack Obama “Marketer of the Year”. Congratulations, on both counts. It doesn’t matter if you voted Republican or Democrat this year; I think we can all agree Barack Obama took campaigning to a whole new level. As an independent first time voter, I was impressed as a Marketer by the campaign overall. The dimensions of marketing they put to use stretched my marketing brain. With the use of direct marketing, event marketing, online marketing and new media the Obama team understood the need to reach out to voters as individuals – demographics and targeting were central to the campaign.

Obama and his team understood their target demographic/markets and how to use a mix of multi touch, multi level and multimedia platforms to reach these people where they were already hanging out. By using video game ads, Twitter, an active online community, and a list of other marketing vehicles, the Obama marketing team understood the importance of motivating the younger demographics and using multiple mediums that worked for them.

B2B Marketers take note. Our new President has something to say about reaching the right audiences with the right kinds of messages through the right vehicles. Below is a list a few places you can find Barack Obama marketing. Are you there for your business and what lessons can we learn from the reach created by his campaign?

Email marketing

  • event based – I would receive text messages and emails while Obama was at an event or debate
  • 1:1 with key players – email messages from Barack, Michelle Obama and Joe Biden – For example, I got a message from Michelle Obama reminding me it was the last day to give money to the campaign.

Community – currently over 1 million members. Through the community supporters can:

  • find information about local events or groups
  • connect with other supporters
  • share information or real-life stories
  • donate to the campaign

PPC – 14% of Barack Obama’s online traffic in August 2008 came from paid search

New Media – Barack Obama is out there, are you?

  • Flickr
  • Digg
  • DNC Partybuilder
  • AsianAve
  • BlackPlanet
  • Faithbase

  • Eventful
  • MiGente
  • Eons
  • Glee
  • MyBatanga

Polls are showing more young voters have registered to vote than ever before. I have no doubt that Obama and his team’s approach to reach them drove this involvement.

Thank you President Obama. You are proof that targeted marketing does drive real results…oh, and I’m sure your messages and positions on the issues helped too.

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Wednesday, November 5th, 2008

 

Rock Your Tchotkes – B2B Marketing and Sales Tip #167

 Getting ready for your next trade show? Don’t skimp on the tchotkes with boring and ineffective promotional items like hats, stress relievers or mints. Take a lesson from the queen of self-promotion Madonna and go for something unexpected and memorable.

Successful Promotions magazine just ran a cover article on the killer goodies rock stars like Madonna distribute to promote their albums and/or tours. For her recent Sticky and Sweet tour, Madonna had giant lollipops made with her album cover emblazoned on them. Other musicians mentioned included Ice-T who distributed body bags and the Black Crowes who produced rolling papers.

If those options seem a bit inappropriate for your business, keep these tips in mind for selecting giveaways that help support your message and make your brand more memorable:

  1. Think visual branding. To help your message or brand promise “stick” in the minds of your target market, go with a promo item that underscores your brand promise or the message of your latest campaign. For example, if your product promises to install within minutes instead of days, give out a stopwatch and invite users to put you to the test.
  2. Create a must-have collectible or invest in a hot product that works as an incentive to draw people to your booth. NetQoS created a series of collectible t-shirts that were popular enough to draw 3500 booth visitors year after year. Other companies have accomplished this with less expensive product like buttons.
  3. Come up with a giveaway that will garner press coverage or blog commentary. At Pervasive we created a campaign that involved jog wallets stuffed with different denominations of money. This clever program netted press coverage in Information Week magazine.

What are your favorite tchotkes — either for giving or receiving?

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Friday, October 31st, 2008

 

A Salesperson’s Biggest Asset – Targeted Marketing – B2B Marketing and Sales Tip #157

Written by Ryan Ohls, a Market Development Executive at ReachForce.

Before joining ReachForce I was a sales guy with no marketing department.  Knowing how important and effective marketing strategy can be, I set out to try and do my own lead generation. I can remember investing days and days of work on this one project.  As a sales guy, I had a particular interest in automated lead generation (that’s right, sales guys are typically lazy) and had been studying it for months.  I finally grasped the concept of doing it right, I thought.

So, having never been blessed with the spiritual gifts of patience or discernment, I decided my next step was to find and buy a list of 1,200 names to send my message to.  The plan was to do an email blast with an offer to download a new report.

The report looked great – guaranteed to attract plenty of hot prospects, turn them into customers, and make me look like the Dalai Lama.  The email was perfectly crafted, engaging, and sure to catch the eye.  I told my wife to get ready for the commissions to start pouring in.

So, with palms sweating and my reputation at my company completely mortgaged (side note – companies don’t like spending money on things they don’t understand), the time had come for launch.  Three…two…one…CLICK.

Within 15 minutes my mailbox was full!  The response was unbelievable…from “System Administrator, Address Unknown.”  The list of 1200 contacts turned out to be about 60% accurate, at best.

I believe whole-heartedly that a company’s biggest asset are customers and happy ones are even better. I’ll even take that a step further, though.  A sales and marketing person’s biggest asset is a database of FUTURE customers (prospects).

** WARNING – Here comes the ReachForce promotion.  Your prospect database should be 100% accurate, up-to-date, properly targeted, and relevant to your business.  Each name you have listed should be the right person inside the right company.  You’re thinking “in a perfect world…”

If you’re not a ReachForce customer and you’re reading this, here’s a few interesting data points to consider:

  • Industry listed (rented) deliver less than a 3% response rate
  • Sales people can spend up to 1/3 of their time hunting down the right buyers in a prospect company
  • According to Gartner, 30 million people out of the 138 million employed in the US will switch jobs in the next 12 months.
  • 2.5 million businesses will move, according to the U.S. Census Bureau

If you’re interested in cleaning up the data you already have, check out this post on Dirty Data.  If you’re interested in hearing how ReachForce can help, please contact me.

Sales people out there – please jump in here, tell your marketing counterparts to help you out and make sure they are marketing to the right people in the right companies so you can spend your time selling, not hunting.

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Tuesday, October 14th, 2008

 

The Economy, Budgets and Mid-Funnel Opportunity – B2B Marketing and Sales Tip #155

It’s the perfect storm – tough economic times … budget scrutiny … the Q4 numbers chase … budget planning for 2009. As Reachforce CEO Suaad Sait says, this Fall is a marketers ‘oh-crap’ moment when we start asking ourselves if there is enough fuel (or money to provide the fuel) in the lead generation engine to fulfill current year sales needs and fuel 2009 momentum.

Under old school marketing rules this storm would usually lead to 1 of 2 things … 1) slam on the breaks and try to hit NOP numbers by minimizing expense, or 2) a flurry of spray and pray direct marketing activities that seek elusive bluebirds against all odds. The big problem is that neither of these well worn paths does a very good job at motivating prospects who are in the middle of the funnel.

On this note, Josh Bernoff – Forrester’s Interactive Marketing expert – made a great point in his February 2, 2008 writing entitled “Strategies for Interactive Marketing in a Recession.” It’s more obvious to some than others, but most mid-funnel contacts are logically folks who are still in consideration mode or somehow on the fence about making a purchase. Mid-funnel contacts are not only abundant, they are literally bluebirds in waiting who just need to be earned.

Companies who opt to slam on the marketing brakes in an effort to save their way to success are essentially putting all of the pressure to motivate a purchase on their sales closers. This may work in certain instances, but it’s not very strategic, scalable or sustainable. Nor is motivating these people a matter of creating awareness with direct marketing. While consistent DM needs to be happening for sake of keeping the top of the funnel fed, it rarely has the sort of impact needed to push mid-funnel situations forward.

But social marketing applications like interactive webinars, e-communities, blogs and networking sites are an effective way to align B2B marketing’s work with the things that are most critical to driving mid-funnel situations to closure I.e. – establishing credibility, delivering proof points, deep-dive Q&A, earning “trusted partner” status and best of all – a structured, pragmatic way to capture, manage and execute against those issues/objections that most often create and add to mid-funnel traffic-jams.

In his easy to read, highly recommended article Bernoff points out three important social media attributes that help recession proof your marketing plan:

  • Well-designed social applications are effective. Social programs leverage the voice of the customer to get messages carried further than ad impressions. If your message resonates with consumers, their word-of-mouth is a more effective medium than any of the traditional media.
  •  They’re cheap. Advertising campaigns often run into millions of dollars. But Facebook pages and blogs are two examples of social programs that you can start for next to nothing. Even more sophisticated programs like a full-blown customer community typically don’t cost more than $50,000 to $300,000 to get going.
  •  They motivate consumers in the middle of the funnel. Social applications like discussion forums are better than advertising at helping people in the consideration phase when they’re on the fence about purchasing. In a recession, improving consideration will be more cost-effective than blasting awareness messages at resistant consumers.
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Thursday, October 9th, 2008

 

Creating Online Thought Leadership Content – ReachForce Book Club

I love that David is now giving us actionable things to think about for our own businesses.  So many times we read business books with a lot of commentary but no real action items or ideas on how to incorporate these things into our existing strategies.  In this chapter he lists 8 ideas on creating thoughtful content.  Here’s a few I really liked –

  • Do not write about your company or products.  Thought leadership is not advertising.
  • Based on your goals, decide whether your content should be free or behind a form.
  • Write for your audience.  Use examples and stories.
  • Choose a great title that grabs attention.
  • To drive  viral marketing effects, alert appropriate reporters, bloggers, and analysts that content is available for download.

Are you already using some of these ideas or is there anything else to add to the list?

Next week we will be discussing chapters 12 and 13 on how to write for your buyers and how web content influences the buying process.

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Friday, September 5th, 2008

 
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