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Finding Untapped Revenue in
  Your Marketing Database




Elevate 2010
Introduction


               Jep Castelein
               Founder of LeadSloth
               www.leadsloth.com
               @jepc @leadsloth
1848 James Marshall Discovers Gold
The CHALLENGE
How Much REVENUE Are You Missing Out On?
NURTURE Leads to Assure More Revenue
The FACTS
50% of Leads are NOT Ready to Make the Jump
23% BUY from a Competitor 6 Months after Inquiry
Nurtured Leads Produce 20% MORE Sales Opportunities
The ASSESSMENT
1. Acquired Names vs. Inbound Leads
2. Length of the Buying Process
3. Recency
4. Activity Level
5. List Fatigue
6. Cross-sell Opportunity
7. Fit with the Ideal Customer Profile



How MUCH Are Your Leads Worth?
1600
 1400
 1200
 1000
  800
  600                                  Leads
  400
  200
    0
         0-3    3-6    6-12  >1 Year
        Months Months Months


Visualization: How OLD Are Your Leads?
Example: Low Value Lead Database
The 7 STEPS
The Lead Nurturing Process

             1.                                       2.
Sales & Marketing                                     Choose The Right
        Alignment                                     Audience


                    7.                                            3.
                                                                  Invest in
                    Track & Measure
                                                                  Personas


                         6.
                         Have                                4.
                         Conversations                      Provide Valuable
                                                            Content




                         5. Create the Right Offers
# 1: COLLABORATE with Sales
MARKETING
    New
              Nurturing    MQL
    Lead
                                              SALES
  Recycled
    Lead


  Customer                       Evaluation       SAL


  Long-term
    Lead
                            SQL                Selling
              Customer


              Lost deal/
                           Closing
              Cancelled




# 1: EXAMPLE Lead Flow
•   Meltwater News: PR software company
•   Sales-oriented culture
•   Skepticism towards marketing
•   No CRM integration: Too hard for sales to find
    the leads
•   We got lucky: First opportunity within 1 week



# 1: Sales ALIGNMENT Challenges
# 2: CHOOSE the Right Audience
•   PEPID: Medical software for smart phones
•   30-day trial: Most people don’t even try
•   However, most are still interested
•   Easier to convert existing trial leads than
    getting new trial leads to sign up
•   Often, your existing lead database is a
    goldmine


# 2: Focus on Reactivating Trial Leads
# 3: Know them WELL
1. Desk Research
  •   Job websites
  •   Conference agendas
  •   Online magazines & blogs
2. Interviews
  •   Intros via LinkedIn
  •   Record quotes
3. Validation



# 3: Three Steps to a Buyer Persona
•       GoodData, SaaS business intelligence software
•       Developed three personas
    •    Executive
    •    Power user
    •    BI developer




# 3: Personas According to Job Role
# 4: Provide VALUABLE Content
Awareness            Evaluation         Decision

  Economic     Whitepaper about
                                     ROI Calculator     Analyst Report
   Buyer        industry trends




  End User       Demo Video             Webinar       Customized Demo




  Technical   Technical Whitepaper   Product Trial    Proof-of-concept
    User




# 4: Content Mapping EXAMPLE
•   Backbase, enterprise portal software
•   Entering new vertical
•   Webinar series
•   Three highly-relevant topics:
•   Analyze trade magazines and blogs
•   Monitor social media
•   Look at conference agendas


# 4: Develop Compelling Content
# 5: Make OFFERS They Can’t Refuse
•       FuneralOne, marketing software for funeral homes
•       Goal: Get prospects on the phone
•       Offers:
    •     Website review
    •     Website preview
    •     Excellent pre-sales support




# 5: Know What Your Goal Is
# 6: HAVE Conversations
Email 1   Email 2a   Email 3




    Email 1   Email 2b             Email 3




    Email 1   Email 2c                       Email 4




# 6: Campaign Tracks
•   Distinguish long-term campaigns and triggered
    campaigns
•   First couple of emails very targeted
•   Then regular nurturing track (Duration: Twice
    the sales cycle)
•   Then long-term nurturing track
•   Separate track: Event invitations


# 6: Smart Campaign Reuse
# 7: Track & MEASURE
# 7: Example Dashboard
•       rPath, data center management software
•       Dashboard project
•       Improve visibility into marketing performance
•       Approach:
    •     Define what you want to know
    •     Create a sample report
    •     Implement




# 7: Know What You Want to Measure
The Lead Nurturing Process

             1.                                       2.
Sales & Marketing                                     Choose The Right
        Alignment                                     Audience


                    7.                                            3.
                                                                  Invest in
                    Track & Measure
                                                                  Personas


                         6.
                         Have                                4.
                         Conversations                      Provide Valuable
                                                            Content




                         5. Create the Right Offers
Q&A




      jep@leadsloth.com
      1-888-4A-SLOTH
      www.leadsloth.com
      @jepc @leadsloth

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Finding Untapped Revenue in Your Database

  • 1. Finding Untapped Revenue in Your Marketing Database Elevate 2010
  • 2. Introduction Jep Castelein Founder of LeadSloth www.leadsloth.com @jepc @leadsloth
  • 3. 1848 James Marshall Discovers Gold
  • 5. How Much REVENUE Are You Missing Out On?
  • 6. NURTURE Leads to Assure More Revenue
  • 8. 50% of Leads are NOT Ready to Make the Jump
  • 9. 23% BUY from a Competitor 6 Months after Inquiry
  • 10. Nurtured Leads Produce 20% MORE Sales Opportunities
  • 12. 1. Acquired Names vs. Inbound Leads 2. Length of the Buying Process 3. Recency 4. Activity Level 5. List Fatigue 6. Cross-sell Opportunity 7. Fit with the Ideal Customer Profile How MUCH Are Your Leads Worth?
  • 13. 1600 1400 1200 1000 800 600 Leads 400 200 0 0-3 3-6 6-12 >1 Year Months Months Months Visualization: How OLD Are Your Leads?
  • 14. Example: Low Value Lead Database
  • 16. The Lead Nurturing Process 1. 2. Sales & Marketing Choose The Right Alignment Audience 7. 3. Invest in Track & Measure Personas 6. Have 4. Conversations Provide Valuable Content 5. Create the Right Offers
  • 17. # 1: COLLABORATE with Sales
  • 18. MARKETING New Nurturing MQL Lead SALES Recycled Lead Customer Evaluation SAL Long-term Lead SQL Selling Customer Lost deal/ Closing Cancelled # 1: EXAMPLE Lead Flow
  • 19. Meltwater News: PR software company • Sales-oriented culture • Skepticism towards marketing • No CRM integration: Too hard for sales to find the leads • We got lucky: First opportunity within 1 week # 1: Sales ALIGNMENT Challenges
  • 20. # 2: CHOOSE the Right Audience
  • 21. PEPID: Medical software for smart phones • 30-day trial: Most people don’t even try • However, most are still interested • Easier to convert existing trial leads than getting new trial leads to sign up • Often, your existing lead database is a goldmine # 2: Focus on Reactivating Trial Leads
  • 22. # 3: Know them WELL
  • 23. 1. Desk Research • Job websites • Conference agendas • Online magazines & blogs 2. Interviews • Intros via LinkedIn • Record quotes 3. Validation # 3: Three Steps to a Buyer Persona
  • 24. GoodData, SaaS business intelligence software • Developed three personas • Executive • Power user • BI developer # 3: Personas According to Job Role
  • 25. # 4: Provide VALUABLE Content
  • 26. Awareness Evaluation Decision Economic Whitepaper about ROI Calculator Analyst Report Buyer industry trends End User Demo Video Webinar Customized Demo Technical Technical Whitepaper Product Trial Proof-of-concept User # 4: Content Mapping EXAMPLE
  • 27. Backbase, enterprise portal software • Entering new vertical • Webinar series • Three highly-relevant topics: • Analyze trade magazines and blogs • Monitor social media • Look at conference agendas # 4: Develop Compelling Content
  • 28. # 5: Make OFFERS They Can’t Refuse
  • 29. FuneralOne, marketing software for funeral homes • Goal: Get prospects on the phone • Offers: • Website review • Website preview • Excellent pre-sales support # 5: Know What Your Goal Is
  • 30. # 6: HAVE Conversations
  • 31. Email 1 Email 2a Email 3 Email 1 Email 2b Email 3 Email 1 Email 2c Email 4 # 6: Campaign Tracks
  • 32. Distinguish long-term campaigns and triggered campaigns • First couple of emails very targeted • Then regular nurturing track (Duration: Twice the sales cycle) • Then long-term nurturing track • Separate track: Event invitations # 6: Smart Campaign Reuse
  • 33. # 7: Track & MEASURE
  • 34. # 7: Example Dashboard
  • 35. rPath, data center management software • Dashboard project • Improve visibility into marketing performance • Approach: • Define what you want to know • Create a sample report • Implement # 7: Know What You Want to Measure
  • 36. The Lead Nurturing Process 1. 2. Sales & Marketing Choose The Right Alignment Audience 7. 3. Invest in Track & Measure Personas 6. Have 4. Conversations Provide Valuable Content 5. Create the Right Offers
  • 37. Q&A jep@leadsloth.com 1-888-4A-SLOTH www.leadsloth.com @jepc @leadsloth