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Impacting the Buying Process
Via Effective Lead Nurturing
Draw Prospects In
Lead Nurturing Best Practices
Accelerate the Buying Process
©2013 GrowthFusion
Agenda
• Why Do Nurturing?
• Nurture Basics
• Five Different Types of Nurturing
• Programs for Different Buyer Life-Cycle Stages
• Nurturing Best Practices
• Nurturing Examples in an Automation System
2©2013 GrowthFusion
Market Research
3©2013 GrowthFusion
• 84% of qualified leads are not ready to buy
- Aberdeen Group
• Companies that excel at lead nurturing
– Generate 50% more sales-ready leads
– At 33% lower CPL
- Forrester Research
• Nurturing reduces the percent of marketing-generated
leads that are ignored by sales from as high as 80% to as
low as 25%
- Demand Gen Report
More Research
4©2013 GrowthFusion
• Nurtured leads produce a 20% increase in sales
opportunities over non-nurtured leads
• Marketing generated leads experienced an incremental of
7% of win rates and a decrease of 6% points of “no
decisions” rates
- Demand Gen Report
• Nearly 80% of marketing leads never convert into sales.
Lack of lead nurturing is the common cause of this poor
performance
- Marketing Sherpa
Lift in Business Pipeline
Baseline Measurement Difference vs. Control
Pipeline Value +19%
Number of Opportunities +14%
Average Opportunity Size +3%
Opportunities Won +25%
5©2013 GrowthFusion
Dun & Bradstreet achieved strides and quick wins with
lead nurturing. Year over year opportunity experienced a
3-11% lift in new business pipeline after 6 months,
comparing the company's nurtured customers to a control
group.
Goals of Lead Nurturing
6©2013 GrowthFusion
Driven by Systems, Schedules and Programmed
Guidelines:
• Accelerate the Sales Process by Moving Prospects
through a Structured Buying Cycle
• Keep Your Company/Solution Top-of-Mind
• Reveal Your Benefits in Serialized Sound-Bites
• Capture Qualification Profiles
• Measure and Increase the Prospect’s Interest
Nurture Basics
• Common Mistakes
• Key Elements:
‒ Segmenting
‒ Customer Nurturing
‒ Being Customer-Focused
‒ Progressive Profiling
7©2013 GrowthFusion
Lead Nurturing Success
• Understanding Your Buyer
• What Motivates Your Buyer?
• The Ideal User Experience
• Define Your Nurture Program
• Automate Communications
8©2013 GrowthFusion
Lead Nurturing Basics
9©2013 GrowthFusion ref: Waiting for Your Cat to Bark? Bryan & Jeffrey Eisenberg
Start Nurture
Step 1
Nurture
Step 2
Nurture
Step 3
Conversion
Goal
Start Conversion Goal
Macro Action
Micro Action
Nurture Best Practices
• Start Simply
• Look for Opportunity to Automate
• Build and Send a Progressive Message
– From Awareness to Close
• Carefully Manage Exclusions
• Measure Effectiveness
©2013 GrowthFusion 10
Types of Lead Nurturing
• Welcome Campaign
• Educational Campaign
• Accelerating Campaign
• Loyalty/Retention Campaign
11©2013 GrowthFusion
Welcome Campaign
• Introduce Brand
• Reiterate Subscription Benefits
• Spell Out Next Step
• Opt-in to Something Else
12©2013 GrowthFusion
Educational Campaign
• Engage to Further Profile Prospect
• Educate About Value Proposition
• Educate and Get Leads Ready to Talk to Sales
13©2013 GrowthFusion
Accelerating Campaign
• Remove Roadblocks
• Speed Purchase Decisions
• Provide Decision Tools
14©2013 GrowthFusion
Loyalty and Retention
• Reiterate Customer/Company Relationship Benefits
• Seek Feedback
• Tips/Tricks to Get Most Out of Product
15©2013 GrowthFusion
Demand Funnel
©2013 GrowthFusion 16
Source: Marketo
Nurture Assets
17©2013 GrowthFusion
CTAs
Industry Reports
Podcasts and
Presentations
Whitepapers, Datasheets
Wide Demand Funnel
18©2013 GrowthFusion ref: Siriusdecisions.com - Demand Waterfall
CLOSED/WON
BUSINESS
 Total number of handraisers
 Unique metrics for current customers
 Definition through sales/marketing SLA
 Marketing deems ready for handoff
 Basic qualification tenets met
 Sales agrees to work leads
 Opportunity identified
 Now part of pipeline
 Booked revenue
 IDs topline contribution
SALES
QUALIFIED
LEADS
(SQL)
SALES
ACCEPTED
LEADS
(SAL)
MARKETING
QUALIFIED
LEADS
(MQL)
INQUIRIESNurture to Educate
Nurture to Connect
Sales
Nurture to Recycle
Nurture to Lost
Business
Nurture to Onboard/
Upsell
Marketo Example
©2013 GrowthFusion 19
Level One
Marketo Nurture
©2013 GrowthFusion 20
Level Two
Marketo Nurture
©2013 GrowthFusion 21
Level Three
Nurture Advantage
… When Pushed All The Way Through the Channel
• Cost Per Lead Reduced by 30%
• Lead volume Increased by 40%
• Partner Participation Increased by 80%
* This was based on an analysis of two customers
using channel marketing automation.
©2013 GrowthFusion 22
Contact: Rajesh Kadam
rajesh@growthfusion.com
www.linkedin.com/in/kadamrajesh/
Learn More: growthfusion.com
Follow Us: @growthfusion
www.linkedin.com/company/growth-fusion
23©2013 GrowthFusion

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Impacting the Buying Process Via Effective Lead Nurturing

  • 1. Impacting the Buying Process Via Effective Lead Nurturing Draw Prospects In Lead Nurturing Best Practices Accelerate the Buying Process ©2013 GrowthFusion
  • 2. Agenda • Why Do Nurturing? • Nurture Basics • Five Different Types of Nurturing • Programs for Different Buyer Life-Cycle Stages • Nurturing Best Practices • Nurturing Examples in an Automation System 2©2013 GrowthFusion
  • 3. Market Research 3©2013 GrowthFusion • 84% of qualified leads are not ready to buy - Aberdeen Group • Companies that excel at lead nurturing – Generate 50% more sales-ready leads – At 33% lower CPL - Forrester Research • Nurturing reduces the percent of marketing-generated leads that are ignored by sales from as high as 80% to as low as 25% - Demand Gen Report
  • 4. More Research 4©2013 GrowthFusion • Nurtured leads produce a 20% increase in sales opportunities over non-nurtured leads • Marketing generated leads experienced an incremental of 7% of win rates and a decrease of 6% points of “no decisions” rates - Demand Gen Report • Nearly 80% of marketing leads never convert into sales. Lack of lead nurturing is the common cause of this poor performance - Marketing Sherpa
  • 5. Lift in Business Pipeline Baseline Measurement Difference vs. Control Pipeline Value +19% Number of Opportunities +14% Average Opportunity Size +3% Opportunities Won +25% 5©2013 GrowthFusion Dun & Bradstreet achieved strides and quick wins with lead nurturing. Year over year opportunity experienced a 3-11% lift in new business pipeline after 6 months, comparing the company's nurtured customers to a control group.
  • 6. Goals of Lead Nurturing 6©2013 GrowthFusion Driven by Systems, Schedules and Programmed Guidelines: • Accelerate the Sales Process by Moving Prospects through a Structured Buying Cycle • Keep Your Company/Solution Top-of-Mind • Reveal Your Benefits in Serialized Sound-Bites • Capture Qualification Profiles • Measure and Increase the Prospect’s Interest
  • 7. Nurture Basics • Common Mistakes • Key Elements: ‒ Segmenting ‒ Customer Nurturing ‒ Being Customer-Focused ‒ Progressive Profiling 7©2013 GrowthFusion
  • 8. Lead Nurturing Success • Understanding Your Buyer • What Motivates Your Buyer? • The Ideal User Experience • Define Your Nurture Program • Automate Communications 8©2013 GrowthFusion
  • 9. Lead Nurturing Basics 9©2013 GrowthFusion ref: Waiting for Your Cat to Bark? Bryan & Jeffrey Eisenberg Start Nurture Step 1 Nurture Step 2 Nurture Step 3 Conversion Goal Start Conversion Goal Macro Action Micro Action
  • 10. Nurture Best Practices • Start Simply • Look for Opportunity to Automate • Build and Send a Progressive Message – From Awareness to Close • Carefully Manage Exclusions • Measure Effectiveness ©2013 GrowthFusion 10
  • 11. Types of Lead Nurturing • Welcome Campaign • Educational Campaign • Accelerating Campaign • Loyalty/Retention Campaign 11©2013 GrowthFusion
  • 12. Welcome Campaign • Introduce Brand • Reiterate Subscription Benefits • Spell Out Next Step • Opt-in to Something Else 12©2013 GrowthFusion
  • 13. Educational Campaign • Engage to Further Profile Prospect • Educate About Value Proposition • Educate and Get Leads Ready to Talk to Sales 13©2013 GrowthFusion
  • 14. Accelerating Campaign • Remove Roadblocks • Speed Purchase Decisions • Provide Decision Tools 14©2013 GrowthFusion
  • 15. Loyalty and Retention • Reiterate Customer/Company Relationship Benefits • Seek Feedback • Tips/Tricks to Get Most Out of Product 15©2013 GrowthFusion
  • 16. Demand Funnel ©2013 GrowthFusion 16 Source: Marketo
  • 17. Nurture Assets 17©2013 GrowthFusion CTAs Industry Reports Podcasts and Presentations Whitepapers, Datasheets
  • 18. Wide Demand Funnel 18©2013 GrowthFusion ref: Siriusdecisions.com - Demand Waterfall CLOSED/WON BUSINESS  Total number of handraisers  Unique metrics for current customers  Definition through sales/marketing SLA  Marketing deems ready for handoff  Basic qualification tenets met  Sales agrees to work leads  Opportunity identified  Now part of pipeline  Booked revenue  IDs topline contribution SALES QUALIFIED LEADS (SQL) SALES ACCEPTED LEADS (SAL) MARKETING QUALIFIED LEADS (MQL) INQUIRIESNurture to Educate Nurture to Connect Sales Nurture to Recycle Nurture to Lost Business Nurture to Onboard/ Upsell
  • 22. Nurture Advantage … When Pushed All The Way Through the Channel • Cost Per Lead Reduced by 30% • Lead volume Increased by 40% • Partner Participation Increased by 80% * This was based on an analysis of two customers using channel marketing automation. ©2013 GrowthFusion 22
  • 23. Contact: Rajesh Kadam rajesh@growthfusion.com www.linkedin.com/in/kadamrajesh/ Learn More: growthfusion.com Follow Us: @growthfusion www.linkedin.com/company/growth-fusion 23©2013 GrowthFusion