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Why Marketing Must Nurture Leads for Maximum Sales Success Loren McDonald VP, Industry Relations Silverpop January 13, 2009
Speaker/Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Vtrenz, a Silverpop Solution ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
From Too Many “Leads” … to Not Enough?
Recession: The Question is For How Long?
What Does a Recession Mean to B2B Marketers? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Does This Mean? – Opportunities for B2B Marketers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Marketing’s Opportunity & Responsibility ,[object Object],[object Object],An estimated 70-90% of leads generated by marketing are never followed-up with by sales Source: MarketingSherpa
Leaky Sales Funnel  Increases Customer Acquisition Costs Mature Marketing Processes Close the B2B Lead Management Gap
So…Marketing’s Role Has to Change ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Keys to Maximizing the Sales Lead Process ,[object Object],[object Object],[object Object],[object Object],[object Object]
What is a Lead? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Agreed upon  Lead Qualification Definition Suspect, Prospect or Lead?
Score Leads Based on Sales Readiness   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Route to  Strategic Sales Nurture Discard 1 2 3 Route to  Inside Sales 2 Lead Definition  Sales Ready Now High Score Unqualified  Low Score
Lead Scoring- Explicit Data ,[object Object],[object Object]
Lead Scoring- Implicit Data ,[object Object],[object Object],[object Object]
[object Object],Interaction  Create Interest- Whitepaper Edu-sell communications- Case Studies Purchase and Validate- Free Trial, Discount Offers 1 3-X X+ Consider Solutions- Webinars & Demo 2 Lead Scoring - Now What? Search for Solutions Evaluate Solutions Recognize Need Justify Solution Purchase Evaluate Decision
Routing: Ensure Follow-up Within 48 Hours ,[object Object],[object Object],[object Object],*Vtrenz Marketing Research Survey 2005 Communication  Effectiveness % Reaction Time In Days 1 2 3 4 5 6 7 20% 40% 60% 80% Slow reaction time, decreases response effectiveness Florida Lead  East Sales Rep Nebraska Lead Central Sales Rep California Lead West Sales Rep
What is Lead Nurturing ,[object Object],[object Object],[object Object],[object Object]
Utilize Rules-Based Marketing to Eliminate “One and Done” Marketing ,[object Object],[object Object],Well-executed multi-channel marketing campaigns generate a sales lift ranging from 7-34%. Source: Internet Advertising Bureau
ControlScan’s Typical Drip Campaign Campaign Objectives: Increase compliance rate for Partner’s merchants and the marketing team’s productivity Bring in campaign members based on defined criteria Email #1 Intro to program Direct Mail #1 Intro to program Email #2 Reminder Direct Mail #2 Reminder Email #3 Reminder Outbound Call Campaign Contact removed from campaign once compliance is achieved 2 weeks 2 weeks 2 weeks 1 week 2 weeks 2 weeks Achieved 14% compliance rate in 2 month pilot – average compliance rate is typically ~1% - in one year! 2-3 touch points within first month
Drip Campaign Contents Email #1 Email #3 Email #2 Call to actions became increasingly more urgent. All action is directed to the Partner’s microsite.
Drip Campaign Contents Direct Mail Content
Drip Campaign Contents Campaign Microsite Call to action is to enroll in mandatory program.
Lead Nurturing Tip #1 ,[object Object],[object Object],[object Object],[object Object],[object Object]
Message Creation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Lead Nurturing Tip #2 ,[object Object],[object Object],[object Object],[object Object]
Lead Nurturing Tip # 3 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Usher the Lead Through the Sales Cycle Lead Nurturing supports all stages of the lead management process Marketing Qualified Inquiries Sales Qualified Sales Accepted Impressions Marketing Sales New Business
Stay Involved ,[object Object],[object Object]
Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],And focus on converting the  70 percent long-term leads,  to near-term opportunities!
Q & A ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],www.silverpop.com www.vtrenz.com

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Lead Nurturing Best Practices in Tough Times

  • 1. Why Marketing Must Nurture Leads for Maximum Sales Success Loren McDonald VP, Industry Relations Silverpop January 13, 2009
  • 2.
  • 3.
  • 4. From Too Many “Leads” … to Not Enough?
  • 5. Recession: The Question is For How Long?
  • 6.
  • 7.
  • 8.
  • 9. Leaky Sales Funnel Increases Customer Acquisition Costs Mature Marketing Processes Close the B2B Lead Management Gap
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20. ControlScan’s Typical Drip Campaign Campaign Objectives: Increase compliance rate for Partner’s merchants and the marketing team’s productivity Bring in campaign members based on defined criteria Email #1 Intro to program Direct Mail #1 Intro to program Email #2 Reminder Direct Mail #2 Reminder Email #3 Reminder Outbound Call Campaign Contact removed from campaign once compliance is achieved 2 weeks 2 weeks 2 weeks 1 week 2 weeks 2 weeks Achieved 14% compliance rate in 2 month pilot – average compliance rate is typically ~1% - in one year! 2-3 touch points within first month
  • 21. Drip Campaign Contents Email #1 Email #3 Email #2 Call to actions became increasingly more urgent. All action is directed to the Partner’s microsite.
  • 22. Drip Campaign Contents Direct Mail Content
  • 23. Drip Campaign Contents Campaign Microsite Call to action is to enroll in mandatory program.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28. Usher the Lead Through the Sales Cycle Lead Nurturing supports all stages of the lead management process Marketing Qualified Inquiries Sales Qualified Sales Accepted Impressions Marketing Sales New Business
  • 29.
  • 30.
  • 31.