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The Science of
Predictive Lead Scoring
2#predictiveleadscoring
Housekeeping
If you can see the slides and hear me
please raise your hand in the GoToWebinar
Dashboard
Your speakers
Dan Chiao Jessica Cross
3#predictiveleadscoring
Today’s Webinar Agenda
1. Conventional lead scoring
2. Flaws with conventional lead scoring
3. What is Predictive Analytics
4. How does it apply to B2B organizations
5. Q&A
To submit questions during the webinar, please tweet them:
#predictiveleadscoring @fliptop
4#predictiveleadscoring
Benefits of Lead Scoring
• Increased sales efficiency and
effectiveness
• Increased marketing effectiveness
• Tighter marketing and sales alignment
5#predictiveleadscoring
Lead Scoring
6
Source: www.marketo.com
All Names
Engaged
Prospect & Recycled
Lead
Sales Lead
Opportunity
Customer
Behaviors
• Early stage content: +3
• Attend webinar: +5
• Visit any webpage/blog: +1
• Visit careers pages: -10
• Pricing pages: +10
• Watch demos: +5
• Mid-stage content: +8
• Late-stage content: +12
Demographics
• Job Title +20
• Generic email -5
• Industry +10
• Technology +5
#predictiveleadscoring
Target persona
VP of Sales
7
• Job Title: +20
• Attend webinar: +5
• Visit any webpage/blog: +1
• Visit careers pages: -10
• Possible Score = 16
Lead Score
#predictiveleadscoring
Target persona
Social Media Manager
8
• Early stage content: +3
• Attend webinar: +5
• Visit any webpage/blog: +1
• Watch demos: +5
• Mid-stage content: +8
• Late-stage content: +12
• Possible Score = 34
Lead Score
#predictiveleadscoring
Flaws with conventional lead scoring
94% of all MQLs
will never convert
9#predictiveleadscoring
Flaws with conventional lead scoring
10
52% of sales reps
will not make their quota
#predictiveleadscoring
Conventional Lead Scoring
• Based on assumptions and intuition
• Implementations take time
• Accuracy is limited
• Requires quarterly evaluations
• Assumes lead has to visit site to be qualified
11#predictiveleadscoring
What is predictive lead scoring
12
Lead Scoring
Predictive
Lead Scoring
#predictiveleadscoring
Questions we’ll answer
• What is predictive lead scoring?
• Why can’t I do it in Excel?
• Why do I need so many data points?
• Why do I need machine learning?
• How do we put it all together?
13#predictiveleadscoring
What is predictive lead scoring?
14
Traditional Lead Scoring Predictive Lead Scoring
Based on intuition Fitted to historical outcomes
Linear weighted sum Statistical methods
Limited by causation Identifies correlations
Unbounded numerical score Probability of close
Expected revenue amount
Expected sales cycle
#predictiveleadscoring
• The application of statistical methodology to historical sales
results to determine the likelihood a new lead will close.
Why can’t I do it in Excel?
• “I can do statistics with pivot tables…”
• In customer cases so far, we’ve found it takes an average of
230 raw data points to build a model that will effectively
predict sales lift.
• So, no, you can’t
15#predictiveleadscoring
Why do I need 230 data points?
16
Hiring
Need / New
budget
Previous
Purchase
Willingness to buy
Social Profiles
Seniority / Size
Stage / Industry
#predictiveleadscoring
Why do I need machine learning?
17#predictiveleadscoring
The classic process
18#predictiveleadscoring
Visit website: +5 points
The SpendScore process
19
Historical Sales
3,000+ Signals / 40+ Data Sources
Machine Learning
Model Tournament
Scored Lead
#predictiveleadscoring
20
Intuit’s Results
57% Decrease in time to close for
new business deals
Increase in new business
pipeline
Amount spent on new
headcount to achieve results.
75%
$0
#predictiveleadscoring
Norman Happ
Vice President of Sales
Want to learn more?
Contact us for your own
predictive lead scoring model
21
Q&A – 10 Minutes
Thank you.
Contact us for your own predictive lead scoring model
22
Dan Chiao
VP of Engineering
Jessica Cross
Dir. Marketing

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Webinar: The Science of Predictive Lead Scoring

  • 2. 2#predictiveleadscoring Housekeeping If you can see the slides and hear me please raise your hand in the GoToWebinar Dashboard
  • 3. Your speakers Dan Chiao Jessica Cross 3#predictiveleadscoring
  • 4. Today’s Webinar Agenda 1. Conventional lead scoring 2. Flaws with conventional lead scoring 3. What is Predictive Analytics 4. How does it apply to B2B organizations 5. Q&A To submit questions during the webinar, please tweet them: #predictiveleadscoring @fliptop 4#predictiveleadscoring
  • 5. Benefits of Lead Scoring • Increased sales efficiency and effectiveness • Increased marketing effectiveness • Tighter marketing and sales alignment 5#predictiveleadscoring
  • 6. Lead Scoring 6 Source: www.marketo.com All Names Engaged Prospect & Recycled Lead Sales Lead Opportunity Customer Behaviors • Early stage content: +3 • Attend webinar: +5 • Visit any webpage/blog: +1 • Visit careers pages: -10 • Pricing pages: +10 • Watch demos: +5 • Mid-stage content: +8 • Late-stage content: +12 Demographics • Job Title +20 • Generic email -5 • Industry +10 • Technology +5 #predictiveleadscoring
  • 7. Target persona VP of Sales 7 • Job Title: +20 • Attend webinar: +5 • Visit any webpage/blog: +1 • Visit careers pages: -10 • Possible Score = 16 Lead Score #predictiveleadscoring
  • 8. Target persona Social Media Manager 8 • Early stage content: +3 • Attend webinar: +5 • Visit any webpage/blog: +1 • Watch demos: +5 • Mid-stage content: +8 • Late-stage content: +12 • Possible Score = 34 Lead Score #predictiveleadscoring
  • 9. Flaws with conventional lead scoring 94% of all MQLs will never convert 9#predictiveleadscoring
  • 10. Flaws with conventional lead scoring 10 52% of sales reps will not make their quota #predictiveleadscoring
  • 11. Conventional Lead Scoring • Based on assumptions and intuition • Implementations take time • Accuracy is limited • Requires quarterly evaluations • Assumes lead has to visit site to be qualified 11#predictiveleadscoring
  • 12. What is predictive lead scoring 12 Lead Scoring Predictive Lead Scoring #predictiveleadscoring
  • 13. Questions we’ll answer • What is predictive lead scoring? • Why can’t I do it in Excel? • Why do I need so many data points? • Why do I need machine learning? • How do we put it all together? 13#predictiveleadscoring
  • 14. What is predictive lead scoring? 14 Traditional Lead Scoring Predictive Lead Scoring Based on intuition Fitted to historical outcomes Linear weighted sum Statistical methods Limited by causation Identifies correlations Unbounded numerical score Probability of close Expected revenue amount Expected sales cycle #predictiveleadscoring • The application of statistical methodology to historical sales results to determine the likelihood a new lead will close.
  • 15. Why can’t I do it in Excel? • “I can do statistics with pivot tables…” • In customer cases so far, we’ve found it takes an average of 230 raw data points to build a model that will effectively predict sales lift. • So, no, you can’t 15#predictiveleadscoring
  • 16. Why do I need 230 data points? 16 Hiring Need / New budget Previous Purchase Willingness to buy Social Profiles Seniority / Size Stage / Industry #predictiveleadscoring
  • 17. Why do I need machine learning? 17#predictiveleadscoring
  • 19. The SpendScore process 19 Historical Sales 3,000+ Signals / 40+ Data Sources Machine Learning Model Tournament Scored Lead #predictiveleadscoring
  • 20. 20 Intuit’s Results 57% Decrease in time to close for new business deals Increase in new business pipeline Amount spent on new headcount to achieve results. 75% $0 #predictiveleadscoring Norman Happ Vice President of Sales
  • 21. Want to learn more? Contact us for your own predictive lead scoring model 21
  • 22. Q&A – 10 Minutes Thank you. Contact us for your own predictive lead scoring model 22 Dan Chiao VP of Engineering Jessica Cross Dir. Marketing