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B2B	
  marketing:	
  7	
  best	
  practices	
  as	
  you	
  plan	
  for	
  2015	
  
by	
  Mary	
  Gospe	
  
	
  
The	
  Direct	
  Marketing	
  Association	
  of	
  Northern	
  California	
  hosted	
  speaker	
  Ian	
  Michiels,	
  Principal	
  &	
  
CEO	
  of	
  Gleanster	
  Research,	
  at	
  its	
  November	
  2014	
  meeting.	
  The	
  topic,	
  “B2B	
  tactics	
  that	
  worked	
  
in	
  2014	
  and	
  how	
  to	
  prepare	
  for	
  2015.”	
  
	
  
Gleanster	
  gathers	
  benchmark	
  data	
  by	
  surveying	
  business-­‐to-­‐business	
  (B2B)	
  companies	
  and	
  
determines	
  the	
  marketing	
  strategies	
  and	
  tactics	
  of	
  top	
  performers	
  –	
  the	
  top	
  25%	
  of	
  companies	
  
based	
  on	
  revenue	
  growth,	
  response	
  rates,	
  lead-­‐to-­‐sales	
  conversion	
  percentages	
  and	
  number	
  of	
  
qualified	
  leads.	
  According	
  to	
  CMOs	
  surveyed	
  by	
  Gleanster,	
  the	
  top	
  marketing	
  priorities	
  for	
  2014	
  
were	
  to	
  1)	
  increase	
  revenue,	
  2)	
  retain	
  profitable	
  customers,	
  3)	
  reduce	
  costs,	
  and	
  4)	
  leverage	
  
customer	
  data	
  to	
  better	
  understand	
  who	
  is	
  buying	
  their	
  products	
  and	
  why.
	
  
Here	
  are	
  7	
  best	
  practices	
  from	
  2014	
  top	
  performers	
  that	
  you	
  should	
  consider	
  as	
  you	
  plan	
  for	
  
2015:	
  
1. Continually	
  cleanse	
  and	
  augment	
  prospect	
  and	
  customer	
  data	
  
The	
  most	
  successful	
  marketers	
  are	
  five	
  times	
  more	
  likely	
  to	
  cleanse	
  and	
  enhance	
  their	
  
prospect	
  and	
  customer	
  database	
  at	
  least	
  twice	
  per	
  year.	
  	
  Clean	
  data	
  allows	
  for	
  more	
  
laser-­‐focused	
  personalization	
  and	
  messaging,	
  and	
  augmentation	
  reduces	
  the	
  amount	
  of	
  
information	
  you	
  need	
  to	
  ask	
  propects	
  to	
  fill	
  out	
  on	
  forms.	
  	
  These	
  companies	
  leverage	
  
data	
  from	
  thier	
  customers	
  to	
  understand	
  who	
  buys	
  and	
  why	
  and	
  tune	
  their	
  messaging	
  
accordingly.	
  Consider	
  sharing	
  budget	
  for	
  these	
  ongoing	
  data	
  projects	
  among	
  marketing,	
  
sales	
  and	
  IT.	
  
2. Invest	
  in	
  and	
  optimize	
  marketing	
  automation	
  tools	
  
There	
  is	
  continued	
  growth	
  in	
  the	
  adoption	
  of	
  marketing	
  automation	
  tools.	
  However,	
  top	
  
performers	
  are	
  four	
  to	
  five	
  times	
  more	
  likely	
  to	
  implement	
  and	
  optimize	
  native	
  features	
  
such	
  as	
  lead	
  scoring,	
  trigger	
  campaigns	
  for	
  lead	
  nurturing	
  and	
  multi-­‐channel	
  attribution.	
  
3. Segment	
  your	
  audience	
  and	
  develop	
  buyer	
  personas	
  
Stay	
  laser-­‐focused	
  on	
  key	
  verticals	
  and	
  buyers	
  to	
  get	
  the	
  most	
  out	
  of	
  your	
  budget	
  and	
  
resources.	
  Develop	
  buyer	
  personas	
  to	
  help	
  you	
  get	
  inside	
  the	
  head	
  of	
  your	
  best	
  
prospects	
  so	
  you	
  can	
  create	
  engaging	
  messages	
  and	
  relevant	
  content.	
  For	
  tips	
  on	
  
creating	
  personas	
  and	
  customer-­‐ready	
  messaging,	
  visit	
  Mike	
  Gospe’s	
  blog,	
  theMarketing	
  
High	
  Ground.	
  	
  
4. Broaden	
  campaign	
  programs	
  beyond	
  lead	
  generation	
  
In	
  addition	
  to	
  programs	
  for	
  lead	
  generation	
  and	
  prospect	
  nurturing,	
  top	
  performers	
  
spend	
  50%	
  of	
  their	
  budget	
  on	
  influencing	
  continued	
  customer	
  growth	
  via	
  up-­‐selling	
  and	
  
cross-­‐selling	
  programs.	
  	
  Adjust	
  your	
  budget,	
  if	
  needed,	
  to	
  support	
  customer	
  marketing	
  
programs.	
  
5. Use	
  a	
  mix	
  of	
  inbound	
  and	
  outbound	
  tactics	
  
B2B	
  companies	
  use	
  a	
  mix	
  of	
  inbound	
  and	
  outbound	
  marketing	
  tactics	
  to	
  attract,	
  engage,	
  
nurture	
  and	
  retain	
  prospects	
  and	
  customers.	
  Inbound	
  (or	
  “pull”)	
  tactics	
  allow	
  your	
  
company	
  to	
  be	
  found	
  when	
  prospects	
  are	
  looking	
  for	
  solutions.	
  These	
  include	
  pay-­‐per-­‐
click	
  (PPC)	
  ads,	
  search	
  engine	
  optimization	
  (SEO),	
  blogs,	
  landing	
  pages,	
  content	
  
marketing	
  (including	
  white	
  papers,	
  infographics,	
  videos	
  and	
  webinars),	
  and	
  social	
  media.	
  
Outbound	
  (or	
  interruptive)	
  tactics	
  enable	
  you	
  to	
  “push”	
  your	
  message	
  to	
  your	
  audience	
  
via	
  email,	
  phone	
  calls,	
  traditional	
  advertising,	
  direct	
  mail	
  and	
  events.	
  
6. Develop	
  relevant	
  and	
  engaging	
  content	
  
Content	
  marketing	
  is	
  key	
  to	
  the	
  success	
  of	
  both	
  inbound	
  and	
  outbound	
  marketing	
  
programs.	
  But	
  it	
  can	
  be	
  time-­‐consuming	
  and	
  expensive	
  to	
  produce.	
  Stay	
  focused	
  by	
  
creating	
  2	
  to	
  3	
  pieces	
  of	
  content	
  that	
  are	
  really	
  relevant	
  to	
  your	
  personas,	
  and	
  include	
  
webinars	
  and	
  videos.	
  According	
  to	
  comscore,	
  75%	
  of	
  executives	
  watch	
  business-­‐related	
  
videos	
  weekly.	
  Try	
  to	
  educate	
  and	
  entertain	
  vs.	
  “sell”	
  especially	
  for	
  those	
  early	
  in	
  the	
  
buying	
  cycle,	
  and	
  demonstrate	
  the	
  challenges	
  your	
  audience	
  is	
  facing	
  and	
  how	
  your	
  
product	
  or	
  service	
  can	
  help	
  them.	
  
7. Take	
  credit	
  where	
  credit	
  is	
  due	
  
Marketers	
  are	
  under	
  pressure	
  to	
  prove	
  in	
  the	
  value	
  of	
  their	
  campaigns	
  and	
  programs.	
  
Marketing	
  attribution	
  is	
  a	
  challenge.	
  Measure	
  and	
  compensate	
  on	
  key	
  KPIs,	
  including	
  
marketing	
  qualified	
  leads	
  (MQLs)	
  and	
  closed	
  deals.	
  Consider	
  attributing	
  a	
  percentage	
  of	
  
revenue	
  (such	
  as	
  5%	
  or	
  10%)	
  from	
  each	
  cross-­‐sell	
  or	
  up-­‐sell	
  deal	
  that	
  marketing	
  
influenced	
  back	
  to	
  marketing.	
  This	
  would	
  need	
  to	
  be	
  agreed	
  to	
  ahead	
  of	
  time	
  by	
  the	
  
management	
  team.	
  
	
  
Getting	
  it	
  all	
  done.	
  B2B	
  marketing	
  talent	
  can	
  be	
  hard	
  to	
  find	
  and	
  expensive.	
  Many	
  marketing	
  
teams	
  struggle	
  with	
  creating	
  enough	
  relevant	
  content	
  to	
  attract	
  and	
  nurture	
  prospects	
  and	
  
customers.	
  Consider	
  augmenting	
  your	
  staff	
  with	
  consultants	
  and	
  agencies.	
  For	
  more	
  
information,	
  or	
  help	
  with	
  planning	
  and	
  executing	
  your	
  marketing	
  strategy,	
  contact	
  Mary	
  Gospe,	
  
Co-­‐founder	
  and	
  Principal	
  with	
  KickStart	
  Alliance	
  at	
  maryg@kickstartall.com.	
  
	
  

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B2 b marketing 7 best practices as you plan for 2015

  • 1. B2B  marketing:  7  best  practices  as  you  plan  for  2015   by  Mary  Gospe     The  Direct  Marketing  Association  of  Northern  California  hosted  speaker  Ian  Michiels,  Principal  &   CEO  of  Gleanster  Research,  at  its  November  2014  meeting.  The  topic,  “B2B  tactics  that  worked   in  2014  and  how  to  prepare  for  2015.”     Gleanster  gathers  benchmark  data  by  surveying  business-­‐to-­‐business  (B2B)  companies  and   determines  the  marketing  strategies  and  tactics  of  top  performers  –  the  top  25%  of  companies   based  on  revenue  growth,  response  rates,  lead-­‐to-­‐sales  conversion  percentages  and  number  of   qualified  leads.  According  to  CMOs  surveyed  by  Gleanster,  the  top  marketing  priorities  for  2014   were  to  1)  increase  revenue,  2)  retain  profitable  customers,  3)  reduce  costs,  and  4)  leverage   customer  data  to  better  understand  who  is  buying  their  products  and  why.   Here  are  7  best  practices  from  2014  top  performers  that  you  should  consider  as  you  plan  for   2015:   1. Continually  cleanse  and  augment  prospect  and  customer  data   The  most  successful  marketers  are  five  times  more  likely  to  cleanse  and  enhance  their   prospect  and  customer  database  at  least  twice  per  year.    Clean  data  allows  for  more   laser-­‐focused  personalization  and  messaging,  and  augmentation  reduces  the  amount  of   information  you  need  to  ask  propects  to  fill  out  on  forms.    These  companies  leverage   data  from  thier  customers  to  understand  who  buys  and  why  and  tune  their  messaging   accordingly.  Consider  sharing  budget  for  these  ongoing  data  projects  among  marketing,   sales  and  IT.   2. Invest  in  and  optimize  marketing  automation  tools   There  is  continued  growth  in  the  adoption  of  marketing  automation  tools.  However,  top   performers  are  four  to  five  times  more  likely  to  implement  and  optimize  native  features   such  as  lead  scoring,  trigger  campaigns  for  lead  nurturing  and  multi-­‐channel  attribution.   3. Segment  your  audience  and  develop  buyer  personas   Stay  laser-­‐focused  on  key  verticals  and  buyers  to  get  the  most  out  of  your  budget  and   resources.  Develop  buyer  personas  to  help  you  get  inside  the  head  of  your  best   prospects  so  you  can  create  engaging  messages  and  relevant  content.  For  tips  on   creating  personas  and  customer-­‐ready  messaging,  visit  Mike  Gospe’s  blog,  theMarketing   High  Ground.     4. Broaden  campaign  programs  beyond  lead  generation   In  addition  to  programs  for  lead  generation  and  prospect  nurturing,  top  performers   spend  50%  of  their  budget  on  influencing  continued  customer  growth  via  up-­‐selling  and   cross-­‐selling  programs.    Adjust  your  budget,  if  needed,  to  support  customer  marketing   programs.   5. Use  a  mix  of  inbound  and  outbound  tactics   B2B  companies  use  a  mix  of  inbound  and  outbound  marketing  tactics  to  attract,  engage,   nurture  and  retain  prospects  and  customers.  Inbound  (or  “pull”)  tactics  allow  your   company  to  be  found  when  prospects  are  looking  for  solutions.  These  include  pay-­‐per-­‐ click  (PPC)  ads,  search  engine  optimization  (SEO),  blogs,  landing  pages,  content   marketing  (including  white  papers,  infographics,  videos  and  webinars),  and  social  media.   Outbound  (or  interruptive)  tactics  enable  you  to  “push”  your  message  to  your  audience   via  email,  phone  calls,  traditional  advertising,  direct  mail  and  events.  
  • 2. 6. Develop  relevant  and  engaging  content   Content  marketing  is  key  to  the  success  of  both  inbound  and  outbound  marketing   programs.  But  it  can  be  time-­‐consuming  and  expensive  to  produce.  Stay  focused  by   creating  2  to  3  pieces  of  content  that  are  really  relevant  to  your  personas,  and  include   webinars  and  videos.  According  to  comscore,  75%  of  executives  watch  business-­‐related   videos  weekly.  Try  to  educate  and  entertain  vs.  “sell”  especially  for  those  early  in  the   buying  cycle,  and  demonstrate  the  challenges  your  audience  is  facing  and  how  your   product  or  service  can  help  them.   7. Take  credit  where  credit  is  due   Marketers  are  under  pressure  to  prove  in  the  value  of  their  campaigns  and  programs.   Marketing  attribution  is  a  challenge.  Measure  and  compensate  on  key  KPIs,  including   marketing  qualified  leads  (MQLs)  and  closed  deals.  Consider  attributing  a  percentage  of   revenue  (such  as  5%  or  10%)  from  each  cross-­‐sell  or  up-­‐sell  deal  that  marketing   influenced  back  to  marketing.  This  would  need  to  be  agreed  to  ahead  of  time  by  the   management  team.     Getting  it  all  done.  B2B  marketing  talent  can  be  hard  to  find  and  expensive.  Many  marketing   teams  struggle  with  creating  enough  relevant  content  to  attract  and  nurture  prospects  and   customers.  Consider  augmenting  your  staff  with  consultants  and  agencies.  For  more   information,  or  help  with  planning  and  executing  your  marketing  strategy,  contact  Mary  Gospe,   Co-­‐founder  and  Principal  with  KickStart  Alliance  at  maryg@kickstartall.com.