Posts Tagged ‘Lead Nurturing’

5 Ways to Use Marketing Automation to Its Full Potential

Tuesday, June 5th, 2012

I was recently sent this article written by Howard J. Sewell (@HJSewell), President of Spear Marketing Group, on the “Immaturity of Most Marketing Automation Deployments”.  Sewell makes the case that many marketing automation users are not leveraging the technology to its full potential. Rather, these users are simply using marketing automation as a glorified email service provider (ESP) or for basic level reporting. Sewell wraps up his article with 5 keys to marketing automation success: Planning, Processes, Campaigns, Metrics, and Collaboration.

As Manticore is a marketing automation provider, our goal is to ensure that our clients are meeting their business goals by using our platform to its full potential. So, I took it upon myself to take Sewell’s 5 keys and expand on them with some additional resources.

Planning

  • What to read:"You Need Good Technology, But…" , by Jeff Erramouspe (@jefferramouspe)
  • Jeff Erramouspe answers the question, “What can the marketing automation platform help me to accomplish?” When initially implementing a marketing automation platform, marketers need a set of goals and a step by step plan on how to meet them.

Processes

  • What to Read: "Use 3 Components to Create a Lead Scoring Model", Manticore Blog
  • A lead scoring model is a crucial component to lead management. Developing a process to measure potential prospects will go a long way in helping markers meet the goals set out in the planning phase. Use these 3 components to create intuitive and effective lead scoring models that will measure leads accurately and by the standards you deem most important.

Campaigns

  • What to Read: "The Lead Nurturing Cookbook", by Manticore Technology
  • A lead nurturing program goes beyond a simple email campaign. With a marketing automation platform, marketers can design automated nurtures to move buyers through their buying process. The Lead Nurturing Cook Book includes 7 unique “recipes” that cover everything a marketer needs to know about designing successful nurturing campaigns.

Metrics

  • What to Read: "Focus on the Metrics that Matter", by Andrew Gaffney (@agaffney)
  • Andrew points out that we’ve got to move beyond activity monitoring to behavioral qualification and progressive profiling. Marketing automation can provide deeper intelligence that enables marketers to prove influence during the buying process. For additional insight, look for our upcoming blog series on “Quantifying Marketing’s Impact on Revenue”.

Collaboration

  • What to Read: "Candid Letter from Sales to Marketing", by Jill Konrath (@jillkonrath)
  • Marketing isn’t working alone. To use marketing automation to its full potential, marketers must collaborate with their sales team. This candid letter outlines the issues salespeople are dealing with and where marketing can provide some much-needed assistance. For additional marketing-sales alignment advice, check out this post “3 Steps to Aligning Marketing and Sales."

Chelsea Wertheimer

5 Tips for Impactful Lead Nurturing Programs

Monday, March 26th, 2012

Creating effective lead nurturing programs is a significant challenge for many marketing organizations.  At Manticore, we spend a great deal of time measuring and tuning our lead nurturing efforts to ensure that we are delivering the highest quality leads to our sales team.  While there are many variables to think about, we find that focusing on five key elements has the greatest impact on our overall results.  When you start your next periodic review, think about these five things to focus your overall efforts:

  • Double Check Your Lead Definitions:  Marketing and sales should be in agreement on what constitutes a fully qualified lead.  Definitions of a Marketing Qualified Lead (MQL) and a Sales Qualified Lead (SQL) may vary over time based on market conditions and business objectives. Make sure your MQL and SQL definitions are properly tuned with respect to vertical market, customer size, project timing, budget and buying cycle.
  • Check Your Buying Personas Against Real Sales Results:  Whereas lead definition generally refers to the characteristics of a target customer, buying personas define the different roles inside that customer that drive the purchase process.  The characteristics of the Decision Maker, Influencer, Economic Buyer and others can change, so review your actual closed sales from the previous quarter and adjust your personas accordingly.  For example, we saw a significant increase in the IT department as an influencer when we started selling to prospects with Microsoft Dynamics CRM.
  • Match Your Content to Persona and Purpose: If your personas change, your content must as well.  Review your existing content to make sure that it will still speak to the needs of the specific persona and buying phase.  There is a common belief that new content must be created for each new nurture or persona.  In reality, existing content can generally be refreshed, repackaged, and reconstituted so that it fits your revised objectives.  Our experience says that one major, multi-part content project per year (like the e-book referenced at the end of this blog) along with about one minor project a quarter (like this white paper about content marketing) should keep the content pump primed.
  • Look for Opportunities to Personalize the Nurture:  We like to blend a human touch with our automated lead nurture projects.  This may seem counter intuitive, but we find that inserting our demand generation representatives into a nurture program increases the conversion rate of leads into qualified prospects.  For example, we have placed follow-up phone calls after leads have downloaded a whitepaper simply to offer to answer any questions they might have about the subject matter.  While the connect rate may be low, a non-sales oriented message leaves a positive impression and increases the likelihood of further conversations.
  • Make Sure You're Creating A Journey:  Lead nurturing should engage your prospects in a digital conversation that leads them through their buying journey.  Starting small in order to learn and build off of short-term success is a smart first step.  However, at each period review, you should look to add new steps to the process, building new nurture programs that help resolve sticking points in your marketing/sales process.

Lead nurturing is critical to an efficient marketing/sales process.  It's not enough to just set-up your programs and let them run.  They require periodic review and adjustment, and focusing on the most important elements will ensure your tune-ups are effective. For more lead nurturing guidance, please see our Lead Nurturing Cookbook...

Jeff Erramouspe

A Busy January

Tuesday, January 17th, 2012

Is it still OK to say "Happy New Year" when it is already January 17th?  Since this is my first blog post of the year, I'm going to assume that it is still within the bounds of proper etiquette.  So:

Happy New Year!

It is hard to believe we are already seventeen days into 2012.  But, this is what happens when you and your team are heads down working on new and exciting things.  The most important thing we are working on is the next release of our platform.  Manticore Winter 2012 is slated for full availability in mid-February.  It is a major redesign of our product and brings to bear our six-plus years of marketing automation experience and detailed feedback from our customers and prospects.  We've designed Winter 2012 to seamlessly mesh with mid-sized companies marketing operations processes while simplifying the most common marketing activities.  We're receiving excellent reviews from those who have seen it.  If you'd like a quick preview, please contact us.

We're also participating in a couple of industry events this month.  Last week, I was honored to be the weekly guest on the Sales Lead Management Association's weekly SLMA Radio show.  Host Will Crist and I discussed a number of topics, including key prerequisites to implementing marketing automation and the role of content in demand generation and lead nurturing.  If you missed the broadcast, you can listen to it here.

Finally, the end of the month will bring our participation as a sponsor (and me as a speaker) at the 2nd Annual Content Marketing Retreat put on by the Langley Center for New Media.  Held January 26th and 27th in Langley, Washington (on Whidbey Island just north of Seattle), the retreat will allow creative marketers to learn about the latest strategies for designing, developing and executing content marketing programs.  We are very pleased to be participating in this event and encourage all of you to consider attending.  And please contact us for a code to get 20% off the registration fee!

I hope that the year has started off as productively busy for you as it has for us.  We're excited about what the New Year has in store.  Here's hoping that you all have a happy and prosperous 2012!

Jeff Erramouspe