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.

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.

A couple of weeks ago, I wrote about how to use Trigger-based marketing techniques in a down economy by leveraging Web 2.0 tools. Some of these tools are also great for online reputation management, as well, you’ll just want to focus on a different set of search/scan criteria.

To get started, you’ll need to identify keywords that are important for tracking your industry, key trends or issues, the competition, your company and product brand names, as well as company spokespersons’ names. Once you’ve come up with a manageable list, configure the following tools to scan and collect that data.

1. Google Alerts, Google Blog Search, and Google Reader: We’ve written a lot about using Google Alerts here on The B2B Lead. What we haven’t written about is organizing all of the discoveries you’ve made using these tools in Google Reader. It’s a great way to collect a bunch of sources of insight about your keywords and feed them into a list of must-read links each day.
2. Tweetscan: This is one of the most important feeds in your Google Reader list as you can use it to monitor what people are saying about you or your competitor throughout the Twitter universe. It’s also another good way to find people with shared interests.
3. For my company, most of the conversations are taking place on tech forums and message boards. I just discovered Boardtracker.com which will enable me to keep an eye on popular forums and alert me by RSS feed if my company is mentioned. But, you have to know which forums to track.

Need more? Marketing Pilgrim published this great post with 20+ others.

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?

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.

What’s your Google Rank? No, not your Google Page Rank, your personal Google Rank? That’s right, according to a story published by Business Week, Google has filed for a patent on technology for ranking the “influence” of people on social networking sites such as Facebook and MySpace. Much like Google’s approach to ranking web sites, the algorithm would calculate your influence rating based on how many “friends” you have, how influential your friends are, how frequently you blog, etc. The article speculates that this breakthrough could finally make ads on social networks relevant and profitable.

Not sure about that. Sounds a bit too much like TwitterGrader to me and you all now know how much I like that product.

Written by Ellie Mirman, blogger at the HubSpot Internet Marketing Blog and Inbound Marketer at Internet Marketing company HubSpot.

So you’ve got a Facebook Business Page… Now what? Building a Business Page is one of the best ways to increase your presence and engage more potential customers on Facebook, but it’s more than just clicking “Create Page”. As you venture out into the social media world, here are a few tips to help you promote your Page and reach more of the 100 million Facebook users.

Create a Facebook Business Page worth becoming a fan of.

To quote David Meerman Scott, nobody cares about your products and services (except you). People care about how you can help them solve their problems. To extend that thought to Facebook, don’t use your Facebook Page to talk about your products all the time. People aren’t interested. Instead, create some interesting, useful content that people want to receive. This could be blog posts, whitepapers, or simply discussions.

Take advantage of the viral nature of Facebook.

Facebook provides great opportunities for viral marketing. Facebook creates a “News Feed” of your friends’ activities on Facebook, like posting photos, changing statuses, or becoming fans of a Page. What this means is that every time someone interacts with your Page in some way, that action is published across all of their friends’ News Feeds, giving you exposure to that person’s entire network. The best way to take advantage of this is to engage your users and give them more opportunities to interact with your Page, for example, by fostering discussions, inviting them to events, allowing them to post links. Leveraging the power of the News Feed is a critical part of establishing your presence on Facebook and building a fan base for spreading your messages.

Don’t forget to draw on your network.

All promotion does not need to take place within Facebook. Feel free to email your opt-in e-mail list, blog about your Page, and post a link to your Page on your company website. The best people to help you build up your fan base for your Business Page on Facebook are those people already subscribed to your blog or engaged with you in some way.

Optimize your Page for Facebook – and public – search.

Another way to get found and build your fan base is through Facebook’s search. Facebook – like all other search engines (Facebook was noted the most used people search engine) – has an undisclosed algorithm that ranks search results in a way that aims to return relevant and useful results to the searcher. The best think you can do to show up higher in these search results is to build a large following of your existing fans, because entities with a larger network tend to show up higher in search results. Also note that Facebook Business Pages are public and indexable by search engines. This potentially gives you exposure to those searching in broader search engines like Google. To make the most of this, start lots of engaging discussion threads on your Page, so that if someone is searching in Google on that very topic, they can stumble upon your Facebook Page and discussion thread.

Get an extra push with Facebook Ads.

If you want to give your Business Page an extra push at the beginning, you can also buy some advertising slots. Note that Facebook ads are much less effective than the viral marketing options on Facebook, and the click through rate for Facebook ads is notoriously low. Facebook advertisements show up on the sidebar as users browse through their friends’ profiles, groups, and so on. When you set up your ad, be sure to include “social ads” – these draw on a users’ network to see who in their network has already engaged with your Page and shows, for example, “Jim Smith is a fan of Company ABC” next to your ad, potentially improving your click through rate. Also, make sure that you give viewers a relevant reason to click on your ad by inviting them to connect with industry peers or offering a free whitepaper, for example. Also in this vein, note that you can target your ads by age, gender, interests, geography, and other factors, to reach users who may be more interested in your Business Page.

Bonus Tip: Measure your results.

Once you’ve built up your Facebook Page it’s good to measure what you’re actually getting out of your social media program. Some metrics you may want to measure are:  number of fans, page views, and unique users. Facebook’s “Insights” provide some of these metrics, including demographic data. You’ll also want to track actions beyond your Facebook Page, namely, website traffic, leads, and sales that come from Facebook. Hopefully some of these tips will help you get your Facebook Business Page off the ground and build it into a valuable channel for reaching your potential customers.

All this said, social media, including Facebook, is by no means static. It is constantly changing and we, as marketers, are constantly learning the right way to leverage these channels for marketing. If you want to see what we at HubSpot have done, you can become a fan of our Page at http://facebook.hubspot.com. And, if you’re looking to network with other marketers on Facebook, you may be interested in the Facebook Pro Marketers group, a group for marketers passionate about marketing. Perhaps there we can continue discussing ideas for marketing on Facebook.

The Web, of course, has made getting in touch with the media much easier. However has anyone had luck with emailing a journalist (you don’t know) a story and actually get published? If so, what is your secret? In most cases however, (in the words of David) “PR people are spamming journalists with unsolicited and unrelenting commercial messages in the form of news releases and untargeted broadcast pitches.”

Don’t worry, David is here to help with The New Rules of Media Relations:

• Nontargeted, broadcast pitches are spam.
• News releases sent to reporters in subject areas they do not cover are spam.
• Reporters who don’t know you yet are looking for organizations like yours and products like yours-make sure they will find you on sites such as Google and Technorati.
• If you blog, reporters who cover the space will find you.
• Pitch bloggers, because being covered in important blogs will get you noticed by mainstream media.
• When was the last news release you sent? Make sure your organization is “busy.”
• Journalists want a great online media room!
• Some (but not all) reporters love RSS feeds.
• Personal relationships with reporters are important.
• Dont’ tell journalists what your product does. Tell them how you solve customer problems.
• Does the reporter have a blog? Read it. Comment on it. Track back to it (send a message whenever you blog on a subject that the reporter blogged about first).
• Before you pitch, read (or listen to or watch) the publication (or radio program or TV show) you’ll be pitching to!
• Once you know what a reporter is interested in, send her an individualized pitch crafted especially for her needs.

Now your rate of getting noticed will hopefully be much more successful when you use these tips. And now let’s fast forward a bit, you have used the New Rules and started building relationships. How do you pitch to these journalists now? David has a few tips on this as well…woo hoo!

• Target one reporter at a time.
• Help the journalist to understand the big picture.
• Explain how customers use your product or work with your organization.
• Don’t send e-mail attachments unless asked.
• Follow up promptly with potential contacts.
• Don’t forget, it’s a two-way street-journalists need you to pitch them!

Mainstream media is still very important and hopefully you will follow the New Rules and tactics to start getting noticed. To close the same way David did, “you need to be smart how you tell your story on the Web-and about how you tell your story to journalists.”

Next week we will cover chapters 17 and 18 on Blogging to Reach Your Buyers and Podcasting and Video Made, Well, as Easy as Possible.

In a good example of “better late than never,” LinkedIn finally added group discussion functionality to its professional networking network. Here on The B2B Lead I wrote about how much I was looking forward to LinkedIn going social and why I believe it will be so important for B2B marketers.

While commenters on the TechCrunch blog were quick to cry “inadequate,” we at BreakingPoint are happy with the early results and look forward to using the functionality to grow the group and make new connections. BreakingPoint’s Director of Marketing and Engage in PR blogger Kyle Flaherty got the party started right away in the BreakingPoint Application, Network Performance & Security Testing group. He produced this handy video tour of the new features.

So those are the new features. What are the benefits? Well, for week one, I can sum it up with the words: connections, market research, and web traffic. While our LinkedIn group is still very new, membership has grown to 60+ qualified professionals interested in testing tools. We’ve already connected with several influential buyers, shared helpful resources, conducted research, and benefited from a small burst of web traffic. LinkedIn jumped into our top 10 web site traffic referrers in the week following the introduction of user discussions. Notice I didn’t mention closed a few deals?

On the Lessons Learned front, I advise readers of The B2B Lead to set up the rules for behavior on the group right away. Kyle clearly established our group as a Sales- and Marketing-free zone after one newbie launched into a blatant sales pitch. Blasphemy, you say? This is The B2B Lead, after all. Why create a group at all if you aren’t going to use it to market to your customers?

If you are asking yourself these questions, then I recommend you read more of Kyle’s blog. While I sometime tease Kyle about being a social media purist (OK, I actually use the word “boy scout”), Kyle is a perfect example of how to build relationships with potential customers and the community at large by actually engaging in online conversations, providing value, and earning trust. In a recent post he wrote called “Seeking Inspiration” Kyle wrote:

“Inspiration comes down to a measure of trust, which comes from a solidly built relationship.  The same goes for your marketing.  A trusted brand has an easier time inspiring because they have created a relationship with you over a period of time. When a company enters social media they, of course, need a strategy, but the idea of building trust must be in conjunction with building relationships.”

And, when Marketers take this approach, the benefits will follow. If you are looking for real tangible ideas for leveraging social media and want to see exactly how serving your community can deliver big results, have a look at Kyle’s 3 part case study on BreakingPoint’s social media programs.

Here on The B2B Lead I’ll be posting about how we integrated social media into our overall programs along with our laser-targeted direct outreach. Look forward to your first hand experiences with LinkedIn and other community building efforts. Do tell.

Thinking about how to make the biggest splash with your next mega-launch? Think again. Emerging companies are getting smarter about how they “launch” and opting for a slower community building process that takes place over the course of months. Turns out it is not only less expensive but it proves to be more valuable over the long term.

The process involves getting out months ahead of your product availability and building relationships with key influencers, contributing relevant valuable content to your market and attracting a loyal following with a blog or community. We did something like this at BreakingPoint, although it happened in a far more condensed time frame, and it has indeed been very valuable for reaching our hyper-niche market.

There’s been lots of controversy on the topic of launching at Tech Crunch 50 vs. DEMO lately. Robert Scoble triggered a firestorm of commentary when he posted a blog series about how “companies launching at DEMO suck”. (Why is it that blog posts that include the word “suck” always generate so much buzz?) This triggered Paul May of BuzzStream to blog about the economics of launching a startup at TechCrunch 50 or Demo. According to Paul:

“The cost and time required for the traditional, big-bang, big conference launch adds up quickly…and yeah, I know, TechCrunch 50 is free, but the entry fee is just where your costs begin.  Let’s look at an example.  My co-founder, Jeremy Bencken, was invited to present at DEMO to launch Tenant Market a couple of years ago.  In addition to the entry fee, he calculated the following costs for even a bare-bones approach:

1. Devote 80 hours to prep time.  At $100 an hour, that’s $8K.
2. Speaking coach – $5K
3. Travel – three nights for three people – $6K
4. PR rep – $10k to $20K (lots of variation depending on the quality of the PR professional and the required retainer)
5. Booth, collateral, SWAG, etc. – $3K to $5K”

Wow, that’s a hefty price tag for a startup—bootstrapped or funded. Years ago when I launched a startup at Demo, it was well worth that investment. Why? Those were the early Internet Boom days when startups had to shell out $30,000 to $50,000 per month in retainers to PR agencies. We netted 17 pieces of very high profile coverage from our Demo participation in major trade publications and even The Washington Post. It was such a success that I actually considered going this year with BreakingPoint.

Today, however, most of those publications are no longer around—at least in print. Buyers get their information in different ways and focusing your efforts on laser targeted database marketing combined with a strong push for building a community using social media are the keys to success for startups. If you have a B2C play, those events may make sense for you. But for us, I had to pass.

So, back to the topic at hand: launching your company online. There’s absolutely no reason to wait until you have a product to launch to get started. Why not start engaging with your customers now? Reach out and conduct a little market research. Build tight relationships and a nice following for your blog. Funnel your money into building a detailed, role-based database of your target market. Hire an intern to discover the top thought leaders and start building tight relationships by interacting with them in social media circles.  Start generating a slew of inbound links so that you will rank at the top of the search engines when you introduce your product or service. The possibilities are endless.

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.