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More contact. Less effort.
Real-world lead nurturing from the inside
About Silverpop
• Email marketing and
  B2B marketing automation
  software

• 1,400+ customers

• Across 38 countries

• 425 employees

• UK headquarters since 2005
Why are you reading this?
Because only 5% of leads
 you and I generated in last month are ready to buy NOW.
This presentation’s takeaways
•   An understanding of funnel challenges we face
•   A candid look at the challenges we have faced
•   Five nurtures Silverpop use to tackle these challenges
•   Some results and data points to arm your arguments
We faced two primary challenges



                   Changing
Funnel waste         buyer
                   behaviour
We were wasting leads
Our old funnel (and perhaps yours)
65% of leads went to waste.
B2B buyer decision cycle
            Reconsideration   Satisfaction




Selection                                    Acknowledgment




Investigation                                Decision




                                                Source: R. Jolles
            Measurement       Criteria
Emerging buying cycle gap...
            Reconsideration   Satisfaction
                                   5%



Selection                                    Acknowledgment
                                                   79%




Investigation                                Decision




                                                Source: R. Jolles
            Measurement       Criteria
Emerging buying cycle gap...
            Reconsideration   Satisfaction
 problem


Selection                                    Acknowledgment
    2%




Investigation                                Decision
    2-3%



                                                Source: R. Jolles
            Measurement       Criteria
The buying cycle was also changing
Prospects narrowing the field...
“During the initial research phase, the survey
showed 42% of B-to-B buyers evaluate four or
more suppliers, but as they move closer to
procurement, only 26% get quotes from four or
more suppliers.”

                           Source: Chief Marketer, “Adjusting to the Web-
                                    Influenced Buy Cycle,” 22 March 2010
Almost entirely on their own ...




     Source: ITSMA, “How Customers Choose Solution Providers, 2009.” Global data.
How we began curing ourselves
We realigned Sales/Marketing
around a common language – revenue.
Introduced a new lead scoring model
• Began scoring leads on 3 sets of criteria:
  – BANT data
  – Demographic data
  – Behavioural data
We created ranks and buckets
Began routing leads based on scoring




Marketing became lead-traffic-controllers
Began routing leads based on score
Introduced nurture programmes
• With goals to:
  – Improve follow-up with leads.
  – Offload follow-up to not-yet-sales-ready leads.
     • Freeing up costly resources
     • Improving lead follow-up times
  – Guide leads through a longer buyer cycle and
    towards an opportunity.
Introduced nurture programmes
• The initial programmes:
  – Automated Media Nurture
  – 6-Month Email or Marketing Automation Nurture
  – 90-day Email or Marketing Automation Nurture
  – Dead/Lost Nurture
  – Silverpop on Silverpop
Automated Media Nurture
• Automated Media Nurture
  – 6 month programme
  – Aimed at following up on whitepaper downloads
  – Goals:
    • Driving to additional thought capital download
    • Driving to a web-based demo
    • Ultimately leading to a live demo
6-Month Nurtures
• 6-Month Email and MA Nurtures
  – Sales or Demand Gen initiated
  – Aimed at staying top of mind
  – Goals:
     •   Driving to additional thought capital download
     •   Driving to upcoming webinars
     •   Conveying points of differentiation in latter stages
     •   Ultimately leading to a web-based or live demo as the
         buying cycle progresses
90-Day Nurtures
• 90-Day Email and MA Nurtures
  – Sales or Demand Gen initiated
  – Aimed at prospects coming to market in near-
    term
  – Goals:
     • Driving to additional thought capital download
     • Strongly conveying points of differentiation
     • Offering web-based product demos and feature
       highlights
Dead/Lost Nurtures
• 11-month Dead/Lost Opportunity Nurture
  – Sales or Demand Gen initiated
  – Aimed at prospects in opportunities that went
    dead or were lost
  – Goals:
     • Stay top of mind
     • Provide months of thought leadership and industry best
       practices
     • Drive to a webinar, web demo or live demo as contract
       term nears renewal
Silverpop on Silverpop
• 6-week Highlight Nurture
  – Sales or Demand Gen initiated
  – For Prospects in latter stages of an Opportunity
  – Goals:
     • Educate customers on the benefits of marketing
       automation through real-world experience
     • Highlight clear differentiators in the product and
       service offering
     • Drive to an opportunity close
The results we saw
• Reduced non-contacted leads from 65% to < 10%
• Increased lead conversion rates by 2x in 12-
  months
• Increased marketing-generated revenue by more
  than 100% in 12-months
• Removed sales from the lead qualification
  process altogether
• Other less precise measures of success:
  – Increased opportunity creation by 40% year-on-year
  – Decreased time from first contact to close
What tools are needed?
CRM System                            Marketing Automation Platform
• Database of record                  • Lead management
• Lead and opportunity tracking and     • Lead Scoring
  reporting                             • Lead Ranking
• Sales process management              • Lead Routing
                                        • Lead Alerts to Sales
                                      • CRM integration for sales-initiated
                                        campaigns
                                      • Publishing and outbound marketing
                                        • Nurtures and email marketing
                                        • Landing pages for lead generation
                                      • Reporting
                                        • Sales view into marketing activity
                                        • Sales view into lead score, rank and
                                          behaviour
Summary
It is likely that less than 5% of the leads you generate are ready to buy.


The buying cycle has changed and it has grown even more complex.

Sales and marketing MUST be aligned to the same numbers; the same
vocabulary; and the same units of measurement.

Technology is not the cure-all. You must also have the right structure; the
right processes; and the right content.

CRM is the foundation, but you need marketing automation tools to
manage the entire lead to opportunity process.
Resources
• Resource Centre
  at silverpop.co.uk
   –   White papers
   –   Webinars
   –   Blogs
   –   Case studies
   –   Newsletters


                       Related Tip Sheet:
            9 Tips for Creating a Successful Scoring Model
Thank you for your time!

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Real World Lead Nurturing and Lead Scoring

  • 1. More contact. Less effort. Real-world lead nurturing from the inside
  • 2. About Silverpop • Email marketing and B2B marketing automation software • 1,400+ customers • Across 38 countries • 425 employees • UK headquarters since 2005
  • 3. Why are you reading this?
  • 4. Because only 5% of leads you and I generated in last month are ready to buy NOW.
  • 5. This presentation’s takeaways • An understanding of funnel challenges we face • A candid look at the challenges we have faced • Five nurtures Silverpop use to tackle these challenges • Some results and data points to arm your arguments
  • 6. We faced two primary challenges Changing Funnel waste buyer behaviour
  • 8. Our old funnel (and perhaps yours)
  • 9. 65% of leads went to waste.
  • 10. B2B buyer decision cycle Reconsideration Satisfaction Selection Acknowledgment Investigation Decision Source: R. Jolles Measurement Criteria
  • 11. Emerging buying cycle gap... Reconsideration Satisfaction 5% Selection Acknowledgment 79% Investigation Decision Source: R. Jolles Measurement Criteria
  • 12. Emerging buying cycle gap... Reconsideration Satisfaction problem Selection Acknowledgment 2% Investigation Decision 2-3% Source: R. Jolles Measurement Criteria
  • 13. The buying cycle was also changing
  • 14. Prospects narrowing the field... “During the initial research phase, the survey showed 42% of B-to-B buyers evaluate four or more suppliers, but as they move closer to procurement, only 26% get quotes from four or more suppliers.” Source: Chief Marketer, “Adjusting to the Web- Influenced Buy Cycle,” 22 March 2010
  • 15. Almost entirely on their own ... Source: ITSMA, “How Customers Choose Solution Providers, 2009.” Global data.
  • 16. How we began curing ourselves
  • 17. We realigned Sales/Marketing around a common language – revenue.
  • 18. Introduced a new lead scoring model • Began scoring leads on 3 sets of criteria: – BANT data – Demographic data – Behavioural data
  • 19. We created ranks and buckets
  • 20. Began routing leads based on scoring Marketing became lead-traffic-controllers
  • 21. Began routing leads based on score
  • 22. Introduced nurture programmes • With goals to: – Improve follow-up with leads. – Offload follow-up to not-yet-sales-ready leads. • Freeing up costly resources • Improving lead follow-up times – Guide leads through a longer buyer cycle and towards an opportunity.
  • 23. Introduced nurture programmes • The initial programmes: – Automated Media Nurture – 6-Month Email or Marketing Automation Nurture – 90-day Email or Marketing Automation Nurture – Dead/Lost Nurture – Silverpop on Silverpop
  • 24. Automated Media Nurture • Automated Media Nurture – 6 month programme – Aimed at following up on whitepaper downloads – Goals: • Driving to additional thought capital download • Driving to a web-based demo • Ultimately leading to a live demo
  • 25. 6-Month Nurtures • 6-Month Email and MA Nurtures – Sales or Demand Gen initiated – Aimed at staying top of mind – Goals: • Driving to additional thought capital download • Driving to upcoming webinars • Conveying points of differentiation in latter stages • Ultimately leading to a web-based or live demo as the buying cycle progresses
  • 26. 90-Day Nurtures • 90-Day Email and MA Nurtures – Sales or Demand Gen initiated – Aimed at prospects coming to market in near- term – Goals: • Driving to additional thought capital download • Strongly conveying points of differentiation • Offering web-based product demos and feature highlights
  • 27. Dead/Lost Nurtures • 11-month Dead/Lost Opportunity Nurture – Sales or Demand Gen initiated – Aimed at prospects in opportunities that went dead or were lost – Goals: • Stay top of mind • Provide months of thought leadership and industry best practices • Drive to a webinar, web demo or live demo as contract term nears renewal
  • 28. Silverpop on Silverpop • 6-week Highlight Nurture – Sales or Demand Gen initiated – For Prospects in latter stages of an Opportunity – Goals: • Educate customers on the benefits of marketing automation through real-world experience • Highlight clear differentiators in the product and service offering • Drive to an opportunity close
  • 29. The results we saw • Reduced non-contacted leads from 65% to < 10% • Increased lead conversion rates by 2x in 12- months • Increased marketing-generated revenue by more than 100% in 12-months • Removed sales from the lead qualification process altogether • Other less precise measures of success: – Increased opportunity creation by 40% year-on-year – Decreased time from first contact to close
  • 30. What tools are needed? CRM System Marketing Automation Platform • Database of record • Lead management • Lead and opportunity tracking and • Lead Scoring reporting • Lead Ranking • Sales process management • Lead Routing • Lead Alerts to Sales • CRM integration for sales-initiated campaigns • Publishing and outbound marketing • Nurtures and email marketing • Landing pages for lead generation • Reporting • Sales view into marketing activity • Sales view into lead score, rank and behaviour
  • 31. Summary It is likely that less than 5% of the leads you generate are ready to buy. The buying cycle has changed and it has grown even more complex. Sales and marketing MUST be aligned to the same numbers; the same vocabulary; and the same units of measurement. Technology is not the cure-all. You must also have the right structure; the right processes; and the right content. CRM is the foundation, but you need marketing automation tools to manage the entire lead to opportunity process.
  • 32. Resources • Resource Centre at silverpop.co.uk – White papers – Webinars – Blogs – Case studies – Newsletters Related Tip Sheet: 9 Tips for Creating a Successful Scoring Model
  • 33. Thank you for your time!