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7 Steps:

To Put Your Lead Nurturing on Steroids
Welcome to the Jungle

Justin Gray
CEO, LeadMD
@myleadmd

LeadMD
Marketing Automation Experts
http://leadmd.com

2

7 Steps: To Put Your Lead Nurturing on Steroids

•
•
•
•
•
•

Marketo & Salesforce Consultancy
1000+ Engagements
Retainer & One Time
Service & Training offerings
Content & Data Offerings
Preferred Service Provider

12/5/2013
Welcome to the Jungle

Mary Firme
Chief Lead Accelerator, ReachForce
@MaryFirme

ReachForce
Marketing Technology
http://reachforce.com

3

7 Steps: To Put Your Lead Nurturing on Steroids

• Mastering lead data quality for B2B
Marketers for nearly a decade
• Driving innovation in digital
marketing to build quality leads and
shorten the buying cycle
• Providing a comprehensive view
across inbound, events, marketing
automation and sales automation

12/5/2013
STEP 1:
Groundwork: Marketing and Sales Data

4

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
1. Poor Data Quality is Costing You $$$

Brian Hansford, Marketing Automation Practice Lead, Heinz Marketing

25% of the average B2B database is inaccurate
60% of companies surveyed had an overall data health scale of “unreliable”
80% of companies have “risky” phone contact records
“The Impact of Bad Data on Demand Creation” - Sirius Decisions

“Using a database of 100,000 contacts, a strong organization will realize
nearly 70%
more revenue than an average organization based purely on data quality!”
“The Impact of Bad Data on Demand Creation” - Sirius Decisions
1. Marketing Automation Destroyed by Bad Data

6

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
1. Clean your data before you start anything.

 B2B data degrades 25% per year.
– Deal with it. You have to.

 Emails Invalid? Check deliverability.
– You may find some bad ones are good and
vice versa.





7

Postal Addresses? Validate.
Phone numbers? Check and correct.
Junk? Zap it.
Duplicates? Merge them.
7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
STEP 2:
Complete the infrastructure

8

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
2. Data is King. Complete It. Speed Results.

 Get a 4% increase in sales for every 1%
improvement in Data Quality
 Fill any gaps in your data (without wasting
nurture activities to fill in blanks)





Industry
Global scope
Revenues
Transform raw SIC codes, revenue into your custom
segment bands
 Mailing address for events or direct mail
 Phone number

 Append missing or bad emails
9

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
STEP 3:
Step on the Gas. Optimize your landing pages.

10

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
3. CAPTURE MORE LEADS. CAPTURE MORE
INFO. CAPTURE MORE $$$
“Today’s buyers
are
two-thirds to
90%
of the way
through
their purchase
journey
before they
reach out to the
vendor.”
- Lori Wizdo,
Forrester
Forrester Infographic 2012

11

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
3. Respond to leads a lot faster – Sell a lot more.

 Online Inbound Lead Conversion
40%

% Leads Converted to Opportunity

30

20

10

0

12

Day 0

Day 1

Day 2

Day 3

7 Steps: To Put Your Lead Nurturing on Steroids

Day 4

Day 5

Day 6

Day 7

12/5/2013
3. Respond to leads a lot faster – Sell a lot more.
 Webinar Leads Conversion
40%

% Leads Converted to Opportunity

30

20

10

0

13

Day 0

Day 1

Day 2

Day 3

Day 4

7 Steps: To Put Your Lead Nurturing on Steroids

Day 5

Day 6

Day 7

12/5/2013
3. Optimize Landing Pages
 20 Questions? No, you get 10.
 Longer Forms, Fewer Leads.
– Cut any question you can get answered without
asking the prospect
 Add information through Data Append (like SmartForms)
 Product, Technology, or Buyer Pain? Align content page to
these data points and capture in the background.
 Hidden fields can grab from multiple sources – use them.

 Don’t let Hot leads Go Cold.
– Buyers aren’t tire kicking when they hit your site –
they’re buying
– Faster response converts to opportunity at a
massively higher rate
14

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
STEP 4:
Dust off those Buyer Personas

15

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
4. Nurture Marketing IS Conversational Marketing

16

Presentation Title

12/5/2013
4. Personas Matter in the Middle
 Revisit persona strategy
– Who Did you Create it for?
 Trash what sucks

– Align to your content plan
– Operationalize in accordance with nurture
 General Tracks
 Persona Tracks
 Customer Tracks

17

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
4. Divide & Conquer

 Create Persona Entry Plans
– Align Actions Around Personas
 Map Content to Personas
 Identifiable Actions
 Debunking Actions

18

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
4. Operationalize It!

19

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
STEP 5:
Create the Gate

20

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
5. Forget what you’ve been taught

21

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
5. Divide & Conquer

 Create Unique Action Steps
– Align Actions Around Personas





22

Engagement
Successes
Abandons
Nurture Entry

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
STEP 6:
The Rubber Meets the Road

23

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
6. If You _____ it, They will ______.

24

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
6. So, Build It!

25

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
6. Oh, and Analyze It!
 How does Content Influence Behavior

26

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
STEP 7
Keep on Doing it

27

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
7. It’s not rocket science

28

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
7. Use 6 Month Iteration Cycles

 6 Month Lifecycle
– Recycle
 One Topic should yield at least 3 others

– Reduce
 Cut out noise & Outdated Content

– Reuse
 Change Channels & Keep it Fresh

29

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
7. #KeepItFresh

 Refresh Your Library CONSTANTLY
– Assemble Your Crew
 PR to drive placements
– High Value Placements (HVP)

 SEO ensures staying power

– Organic First
 The buyer determines your actions

30

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
STEP 8
Really Should Have Been Step 0

31

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
8. Reporting Doesn’t Come Last!

32

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
8. Think about Reporting First.
 Marketing Program Metrics
– Activity and response
– Content Conversions
– Email delivery. Unsubscribes.

 Funnel Reporting based on:
– Net New Names
– MQL’s
– Influenced Opportunities

 Socialize your results.
33

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
8. Known Benchmarks

SiriusDecisions

Inquiries

MQLs

SALs

SQLs

SQL-to-close

Benchmark

N/A

5.1%

61%

56%

26.5%

Best Practice

N/A

9.7%

82%

62%

29%

MQL = Marketing Qualified Lead

SAL = Sales Accepted Lead

SQL = Sales Qualified Lead (i.e. sales opportunity identified)

Example: Moving from Benchmark to Best Practice
 For each 1,000 leads, best-in-class companies create 46 more MQLs than benchmark
companies (97 instead of 51). They create almost 10 additional deals (14.3 instead of
4.6 deals, a 300% increase).
 Estimate: $150,000 additional revenue per month (based on 3 additional deals per
month at an average deal size of $50,000)

34

7 Steps: To Put Your Lead Nurturing on Steroids
8. Results @ LeadMD

 Persona based nurture in 15 weeks
–
–
–
–

Down from 40
Lead flow increased by 37%
Nurture program ROI up by 41%
Form conversions boosted by 26%

 3X ROI on Persona Implementation

35

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
8. Results @ ReachForce

 Program Results
–
–
–
–

Lead Engagement up by 453%
Email delivery up by 12%
Email Open rate increased 112%
Email Click% up 178%

 41% Increase in Marketing Sourced
Opportunities

36

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013
THANK YOU

 LeadMD.com/pigsfly
– @myleadmd
– @jgraymatter

 Reachforce.com
– @reachforce
– @maryfirme

37

7 Steps: To Put Your Lead Nurturing on Steroids

12/5/2013

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7 Steps to Put Your Lead Nurturing on Steroids

  • 1. 7 Steps: To Put Your Lead Nurturing on Steroids
  • 2. Welcome to the Jungle Justin Gray CEO, LeadMD @myleadmd LeadMD Marketing Automation Experts http://leadmd.com 2 7 Steps: To Put Your Lead Nurturing on Steroids • • • • • • Marketo & Salesforce Consultancy 1000+ Engagements Retainer & One Time Service & Training offerings Content & Data Offerings Preferred Service Provider 12/5/2013
  • 3. Welcome to the Jungle Mary Firme Chief Lead Accelerator, ReachForce @MaryFirme ReachForce Marketing Technology http://reachforce.com 3 7 Steps: To Put Your Lead Nurturing on Steroids • Mastering lead data quality for B2B Marketers for nearly a decade • Driving innovation in digital marketing to build quality leads and shorten the buying cycle • Providing a comprehensive view across inbound, events, marketing automation and sales automation 12/5/2013
  • 4. STEP 1: Groundwork: Marketing and Sales Data 4 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 5. 1. Poor Data Quality is Costing You $$$ Brian Hansford, Marketing Automation Practice Lead, Heinz Marketing 25% of the average B2B database is inaccurate 60% of companies surveyed had an overall data health scale of “unreliable” 80% of companies have “risky” phone contact records “The Impact of Bad Data on Demand Creation” - Sirius Decisions “Using a database of 100,000 contacts, a strong organization will realize nearly 70% more revenue than an average organization based purely on data quality!” “The Impact of Bad Data on Demand Creation” - Sirius Decisions
  • 6. 1. Marketing Automation Destroyed by Bad Data 6 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 7. 1. Clean your data before you start anything.  B2B data degrades 25% per year. – Deal with it. You have to.  Emails Invalid? Check deliverability. – You may find some bad ones are good and vice versa.     7 Postal Addresses? Validate. Phone numbers? Check and correct. Junk? Zap it. Duplicates? Merge them. 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 8. STEP 2: Complete the infrastructure 8 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 9. 2. Data is King. Complete It. Speed Results.  Get a 4% increase in sales for every 1% improvement in Data Quality  Fill any gaps in your data (without wasting nurture activities to fill in blanks)     Industry Global scope Revenues Transform raw SIC codes, revenue into your custom segment bands  Mailing address for events or direct mail  Phone number  Append missing or bad emails 9 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 10. STEP 3: Step on the Gas. Optimize your landing pages. 10 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 11. 3. CAPTURE MORE LEADS. CAPTURE MORE INFO. CAPTURE MORE $$$ “Today’s buyers are two-thirds to 90% of the way through their purchase journey before they reach out to the vendor.” - Lori Wizdo, Forrester Forrester Infographic 2012 11 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 12. 3. Respond to leads a lot faster – Sell a lot more.  Online Inbound Lead Conversion 40% % Leads Converted to Opportunity 30 20 10 0 12 Day 0 Day 1 Day 2 Day 3 7 Steps: To Put Your Lead Nurturing on Steroids Day 4 Day 5 Day 6 Day 7 12/5/2013
  • 13. 3. Respond to leads a lot faster – Sell a lot more.  Webinar Leads Conversion 40% % Leads Converted to Opportunity 30 20 10 0 13 Day 0 Day 1 Day 2 Day 3 Day 4 7 Steps: To Put Your Lead Nurturing on Steroids Day 5 Day 6 Day 7 12/5/2013
  • 14. 3. Optimize Landing Pages  20 Questions? No, you get 10.  Longer Forms, Fewer Leads. – Cut any question you can get answered without asking the prospect  Add information through Data Append (like SmartForms)  Product, Technology, or Buyer Pain? Align content page to these data points and capture in the background.  Hidden fields can grab from multiple sources – use them.  Don’t let Hot leads Go Cold. – Buyers aren’t tire kicking when they hit your site – they’re buying – Faster response converts to opportunity at a massively higher rate 14 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 15. STEP 4: Dust off those Buyer Personas 15 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 16. 4. Nurture Marketing IS Conversational Marketing 16 Presentation Title 12/5/2013
  • 17. 4. Personas Matter in the Middle  Revisit persona strategy – Who Did you Create it for?  Trash what sucks – Align to your content plan – Operationalize in accordance with nurture  General Tracks  Persona Tracks  Customer Tracks 17 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 18. 4. Divide & Conquer  Create Persona Entry Plans – Align Actions Around Personas  Map Content to Personas  Identifiable Actions  Debunking Actions 18 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 19. 4. Operationalize It! 19 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 20. STEP 5: Create the Gate 20 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 21. 5. Forget what you’ve been taught 21 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 22. 5. Divide & Conquer  Create Unique Action Steps – Align Actions Around Personas     22 Engagement Successes Abandons Nurture Entry 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 23. STEP 6: The Rubber Meets the Road 23 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 24. 6. If You _____ it, They will ______. 24 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 25. 6. So, Build It! 25 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 26. 6. Oh, and Analyze It!  How does Content Influence Behavior 26 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 27. STEP 7 Keep on Doing it 27 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 28. 7. It’s not rocket science 28 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 29. 7. Use 6 Month Iteration Cycles  6 Month Lifecycle – Recycle  One Topic should yield at least 3 others – Reduce  Cut out noise & Outdated Content – Reuse  Change Channels & Keep it Fresh 29 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 30. 7. #KeepItFresh  Refresh Your Library CONSTANTLY – Assemble Your Crew  PR to drive placements – High Value Placements (HVP)  SEO ensures staying power – Organic First  The buyer determines your actions 30 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 31. STEP 8 Really Should Have Been Step 0 31 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 32. 8. Reporting Doesn’t Come Last! 32 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 33. 8. Think about Reporting First.  Marketing Program Metrics – Activity and response – Content Conversions – Email delivery. Unsubscribes.  Funnel Reporting based on: – Net New Names – MQL’s – Influenced Opportunities  Socialize your results. 33 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 34. 8. Known Benchmarks SiriusDecisions Inquiries MQLs SALs SQLs SQL-to-close Benchmark N/A 5.1% 61% 56% 26.5% Best Practice N/A 9.7% 82% 62% 29% MQL = Marketing Qualified Lead SAL = Sales Accepted Lead SQL = Sales Qualified Lead (i.e. sales opportunity identified) Example: Moving from Benchmark to Best Practice  For each 1,000 leads, best-in-class companies create 46 more MQLs than benchmark companies (97 instead of 51). They create almost 10 additional deals (14.3 instead of 4.6 deals, a 300% increase).  Estimate: $150,000 additional revenue per month (based on 3 additional deals per month at an average deal size of $50,000) 34 7 Steps: To Put Your Lead Nurturing on Steroids
  • 35. 8. Results @ LeadMD  Persona based nurture in 15 weeks – – – – Down from 40 Lead flow increased by 37% Nurture program ROI up by 41% Form conversions boosted by 26%  3X ROI on Persona Implementation 35 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 36. 8. Results @ ReachForce  Program Results – – – – Lead Engagement up by 453% Email delivery up by 12% Email Open rate increased 112% Email Click% up 178%  41% Increase in Marketing Sourced Opportunities 36 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013
  • 37. THANK YOU  LeadMD.com/pigsfly – @myleadmd – @jgraymatter  Reachforce.com – @reachforce – @maryfirme 37 7 Steps: To Put Your Lead Nurturing on Steroids 12/5/2013