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MarketingProfs  March 17, 2011 Pssst… Do you know The Truth About Leads?
Agenda The Problem The Cause The Cost What to Do What Not to Do “The Marketing Butterfly Effect™” Managing Up From the Bottom Sales Management Best Practices Ten Questions to Ask Ten Actions to Take The Truth About Leads
The Problem Best Practice Results MQL = 4.1% of inquiries/ targeted suspects SAL = 62% of MQL SQL = 47.5% of SAL Close = 22.1% of SQL Lead Leakage Marketing Lead Purgatory—70% Sales Lead Purgatory—20%
The Cause 7 Reasons Why Sales and Marketing are       Not Aligned Lack of standard lead definitions Failure by sales and marketing to accept accountability for influencing each step in the buying cycle Focus on quantity instead of quality Lack of integration between sales and marketing technologies Lack of serious, formal discussion between sales and marketing Failure to measure what matters Silo approach—failure to pass leads back and forth Source: The Aberdeen Group
The Cost Quota trends  since 2006 Quota attainment  since 2006
The Solution: Turn Raw Leads Into Real Opportunities
What to Do: “BANT” vs. “AN”
What To Do: Define Market, Media, Offer
What to Do: Market ,[object Object],1,000 Companies 5%  Lead Rate 32 leads (64%) = 40% of spend 42 leads (84%)  = 60% of spend 50 Leads
What to Do: Media ,[object Object],Touch 5: Email Following Voicemail Touch 3: Email Following Voicemail Touch 7: Email Following Voicemail Touch 8: Overnight Package Touch 1: Navigation Dial Touch 2: Voicemail Touch 6: Voicemail Touch 4: Voicemail Buyer’s Journey
What to Do: Offer ,[object Object]
Condition of need
Fear of Loss
Perceived Risk
Opportunity to Improve,[object Object]
Save Money
Save Time
Improve product or service
Save lives,[object Object],[object Object]
More leads don’t equal more success,[object Object]
What Not to Do ,[object Object],[object Object],[object Object],[object Object]
The “Marketing Butterfly Effect™”
Sales: Managing Up From the Bottom Top 20% The Middle 60% Bottom 20% Can improve results by pushing up from the bottom, not pulling up from the top
Sales Management Best Practices: Science ,[object Object]
Compensate
Train
Deploy
Monitor & Manage
Coach & Counsel,[object Object]
Compensate
Train
Deploy

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The Truth About Leads

  • 1. MarketingProfs March 17, 2011 Pssst… Do you know The Truth About Leads?
  • 2. Agenda The Problem The Cause The Cost What to Do What Not to Do “The Marketing Butterfly Effect™” Managing Up From the Bottom Sales Management Best Practices Ten Questions to Ask Ten Actions to Take The Truth About Leads
  • 3. The Problem Best Practice Results MQL = 4.1% of inquiries/ targeted suspects SAL = 62% of MQL SQL = 47.5% of SAL Close = 22.1% of SQL Lead Leakage Marketing Lead Purgatory—70% Sales Lead Purgatory—20%
  • 4. The Cause 7 Reasons Why Sales and Marketing are Not Aligned Lack of standard lead definitions Failure by sales and marketing to accept accountability for influencing each step in the buying cycle Focus on quantity instead of quality Lack of integration between sales and marketing technologies Lack of serious, formal discussion between sales and marketing Failure to measure what matters Silo approach—failure to pass leads back and forth Source: The Aberdeen Group
  • 5. The Cost Quota trends since 2006 Quota attainment since 2006
  • 6. The Solution: Turn Raw Leads Into Real Opportunities
  • 7. What to Do: “BANT” vs. “AN”
  • 8. What To Do: Define Market, Media, Offer
  • 9.
  • 10.
  • 11.
  • 15.
  • 19.
  • 20.
  • 21.
  • 23. Sales: Managing Up From the Bottom Top 20% The Middle 60% Bottom 20% Can improve results by pushing up from the bottom, not pulling up from the top
  • 24.
  • 26. Train
  • 29.
  • 31. Train
  • 34.
  • 35. Ten Questions to Ask On what basis are those results expected (best and worst cases)? Would you approve the campaign if you knew in advance the results would come in worst case? What were the results of previous, similar campaigns? If the answer is “not very good,” why is it being done again?
  • 36. Ten Questions to Ask If a campaign has never been tried before, has it been tested? If not, why not? How critical is it to do this campaign now? What process is going to be used to qualify, distribute and measure follow-up on response? When and how will you assess the results of the campaign?
  • 37. Ten Actions to Take Agree on market definition (the largest identifiable market with the tightest possible market definition). Agree on offer (enterprise, point, both, priorities?) . Agree on the definition of a lead (“BANT” vs. “AN”…, 10 point system).
  • 38. Ten Actions to Take Agree on expected metrics (MQL to SAL to SQL to Close). Define required reporting and frequency of reports (recognize that what happens during the course of one-quarter is likely to happen the next quarter without driving change).
  • 39. Ten Actions to Take Give your sales force fewer leads – that is fewer, more highly qualified leads. Effectively nurture longer-term leads. Provide the right content to the right person (from the right person) at the right time.
  • 40. Ten Actions to Take Design your touch cycle using multi-touch, multi-media, multi-cycle processes to multiply results. Construct offers that take into account: The three conditions of need The ultimate benefits The personal reasons why people buy things for companies Set realistic actions and timeframes. You cannot solve a sales shortfall when you have a six month sales cycle and you are in Q4.
  • 41. The Truth About Leads Revealing little-known secrets that focus your lead-generation efforts, align your sales and marketing organizations and drive revenue
  • 42. Contact Dan McDade Dan.McDade@PointClear.com 678-533-2722 office @dandade @pointclearpd http://www.linkedin.com/in/danmcdadepointclearllc