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Optimizing the Lead
O ti i i th L d
  A data‐
  A data‐driven optimization process 
                 p           p
  that goes beyond lead capture

Brian Carroll
Executive Director, Revenue Optimization
                             p
MECLABS
Session Speaker
                      Brian Carroll
                      Executive Director of Revenue Optimization
                      MECLABS

                      Brian Carroll is Executive Director of Applied Research at MECLABS and 
                      CEO of InTouch, part of the MECLABS Group. Author of the 
                      CEO of InTouch, part of the MECLABS Group. Author of the
                      bestseller, Lead Generation for the Complex Sale, Carroll is a leading 
                      expert in lead generation and he's profiled and regularly quoted in 
                      numerous publications.

     @brianjcarroll   Carroll also speaks to 20,000 people a year on improving sales 
                      effectiveness and lead generation strategies. He has been profiled and 
                      regularly quoted in numerous publications such as BtoB magazine, 
                      Selling Power, The Wall Street Journal, Entrepreneur, Target Marketing, 
                      Selling Power, The Wall Street Journal, Entrepreneur, Target Marketing,
                      Inc., Marketing News, DM News, MarketingProfs, MarketingSherpa,
                      Software CEO and CMO Magazine.




2
Recent Experiments: 10,000+ Paths Tested

                   189%                      137%
      201%
      Conversion
                   Conversion
                                             Conversion



                                124%
                                Conversion                54%
                                                          Conversion




3
MECLABS: A science lab with a consultancy
                             • More than 10 years of research
                             • 1,300+ major experiments
                             • Over 1 billion emails
                             • 10,000 sales‐paths tested
                             • Hundreds of publications and 
                               conferences
                                  f




4
MarketingSherpa: Research and publications

                          MarketingSherpa provides 
                          MarketingSherpa provides
                          B2B and consumer marketing 
                          professionals practical case 
                          studies, research and 
                           t di           h d
                          training on email, demand 
                          gen, search, social and more.
                          The annual research cycle 
                          provides knowledge for 
                          continuous marketing 
                          continuous marketing
                          improvement.
MarketingExperiments: Testing and optimization

MarketingExperiments publishes 
testing and research discoveries, to 
testing and research discoveries to
help marketers learn what really 
works in sales and marketing 
optimization.
We build custom micro research labs within 
    companies around the world
    companies around the world




7
Optimizing the Lead
Optimizing the Lead

   1 Identify the right companies and people
   2 S
     Segment, score and prioritize
     Segment, score and prioritize
                      d i ii

   3 I i i a memorable conversation
     Initiate a memorable conversation
                      bl           i

   4 N
     Nurture regardless of time to buy
                  dl     f i       b
Optimizing the Lead
Optimizing the Lead

   1 Identify the right companies and people
   2 S
     Segment, score and prioritize
     Segment, score and prioritize
                      d i ii

   3 I i i a memorable conversation
     Initiate a memorable conversation
                      bl           i

   4 N
     Nurture regardless of time to buy
                  dl     f i       b
1

What is a lead?

Inquiries are not leads 
   • 5 t 15% f ll i
      5 to 15% of all inquiries are sales‐ready 
                          ii          l      d
1

What is a lead?

Inquiries are not leads 
   • 5 t 15% f ll i
      5 to 15% of all inquiries are sales‐ready 
                          ii          l      d

Sales doesn t need to  accept the leads
Sales doesn’t need to “accept” the leads
   • Confirm whether the lead met the Universal Lead 
      Definition agreed to between sales and marketing
                 agreed to between sales and marketing
1

What is a lead?

Inquiries are not leads 
   • 5 t 15% f ll i
      5 to 15% of all inquiries are sales‐ready 
                          ii          l      d

Sales doesn t need to  accept the leads
Sales doesn’t need to “accept” the leads
   • Confirm whether the lead met the Universal Lead 
      Definition agreed to between sales and marketing
                 agreed to between sales and marketing

Create your very own version of a ULD 
Create your very own version of a ULD
   • Apply it to every lead, and iterate as you close the 
     loop
1

What is a lead?

Inquiries are not leads 
   • 5 t 15% f ll i
      5 to 15% of all inquiries are sales‐ready 
                          ii          l      d

Sales doesn t need to  accept the leads
Sales doesn’t need to “accept” the leads
 CREATE YOUR ULD
   • Confirm whether the lead met the Universal Lead 
      Definition agreed to between sales and marketing
                 agreed to between sales and marketing

Create your very own version of a ULD 
Create your very own version of a ULD
   • Apply it to every lead, and iterate as you close the 
     loop
1

     Identify the right companies and people

                  Action Item: ULD checklist

       What makes a good sales lead?

       •   How can we raise the bar and give your better more actionable leads?
       •   What initiative or need makes this a good fit?
       •   What info is necessary to determine if a lead is worth the follow‐up?
                                 y                                            p
       •   What are the titles/job functions of economic buyers and influencers?
       •   What does this company values? What is its culture like?
       •   What are the common business issues?




14
1

     Identify the right companies and people

                   Action Item: ULD checklist

       What information is required to qualify leads as being sales‐ready?
       What information is required to qualify leads as being sales ready?
       ••   What are the characteristics of the ideal sales opportunity?
            What are the characteristics of the ideal sales opportunity?
       ••   What are the questions sales want answered before getting a lead?
            What are the questions sales want answered before getting a lead?
       ••   What info is must‐have vs. nice‐to‐have?
            What info is must‐have vs. nice‐to‐have?
            What info is must‐have vs nice‐to‐have?
       ••   Which questions tend to gather the most‐needed information?
            Which questions tend to gather the most‐needed information?
       ••   What should we start doing to make leads more actionable?
            What should we start doing to make leads more actionable?
       ••   What things should we stop doing with leads that don’t value?
            What things should we stop doing with leads that don’t value?




15
1

     Identify the right companies and people

                 Action Item: ULD checklist

       Use the ULD to delineate “sales‐ready” vs. “nurture” lead statuses

       • Will there be a time frame to evaluate and implement a solution?
       • Will there be a formal or informal budget in place?
       • Are there specific behaviors or traits you are looking for?
                    p                           y             g




16
1

     Identify the right companies and people

                     Action Item: ULD checklist

          Identify key info a sales rep would value in speaking with a prospect
         Identify key info a sales rep would value in speaking with a prospect

         ••   What fuels interest and how must we focus on it with the solution?
              What fuels interest and how must we focus on it with the solution?
         ••   Where is the best entry point?
              Where is the best entry point?
         ••   Who is involved in the buying process as it evolves? 
              Who is involved in the buying process as it evolves? 
                                       y gp
         ••   Should anyone else be contacted?
              Should anyone else be contacted?
         ••   Where’s the funding coming from and who has authority over it?
              Where’s the funding coming from and who has authority over it?



     Then, only send as many sales ready leads that the sales person can effectively handle
     Then, only send as many sales‐ready leads that the sales person can effectively handle



17
1

     Identify the right companies and people

                     Action Item: ULD checklist



                  FOCUS ON
                  FOCUS ON
          Identify key info a sales rep would value in speaking with a prospect
         Identify key info a sales rep would value in speaking with a prospect

         ••   What fuels interest and how must we focus on it with the solution?
              What fuels interest and how must we focus on it with the solution?



                  EFFICIENCY
         ••   Where is the best entry point?
              Where is the best entry point?
         ••   Who is involved in the buying process as it evolves? 
              Who is involved in the buying process as it evolves? 
                                       y gp
         ••   Should anyone else be contacted?
              Should anyone else be contacted?
         ••   Where’s the funding coming from and who has authority over it?
              Where’s the funding coming from and who has authority over it?



     Then, only send as many sales ready leads that the sales person can effectively handle
     Then, only send as many sales ready leads that the sales person can effectively handle



18
1

        Experiment: Background
                 Experiment ID: (Protected)
                 Location: MECLABS Leads Group Library
                 Test Protocol Number: TP1214
                 Test Protocol Number: TP1214

        Research Notes:
           Background: An industrial testing equipment manufacturer engaged the 
           B k       d A i d     i l     i      i          f              d h
           MECLABS Leads Group to follow up on leads generated through tradeshows 
           and a PPC campaign offering a free book.
           Goal: To understand when to stop calling a teleprospecting list.
           Goal To nderstand hen to stop allin a teleprospe tin list
           Primary research question: At which point does the value of sales‐ready 
           leads from a calling campaign no longer outweigh the costs?
           Approach: Record and analyze teleprospecting campaign data to discover the 
           point of diminishing returns




19 19
1

     Experiment: Campaign path

                                          Re‐engagement




                                                                                   eads 
         Leads 
         Leads




                                                                         ualified Le
       Generated
          Tradeshows
         PPC campaign 
         PPC campaign




                                                                        Qu
        Primary research question: At which point does the value of sales‐ready 
        leads from a calling campaign no longer outweigh the costs?




20
1

        Experiment: Results

      Days        0      1     2    3      4     5    6      7    8     9     10    11    12    13    14
      Leads      412    57    14    4     11    12    8     10    6     5     1     2     2     3     10
     Percent    61.3% 8.5% 2.1% 0.6% 1.6% 1.8% 1.2% 1.5% 0.9% 0.7% 0.1% 0.3% 0.3% 0.4% 1.5%
    Cumulative   412   469   483   487   498   510   518   528   534   539   540   542   544   547   557
   Cumulative % 61.3% 69.8% 71.9% 72.5% 74.1% 75.9% 77.1% 78.6% 79.5% 80.2% 80.4% 80.7% 81.0% 81.4% 82.9%

      Days        15    16    17    18    19    20    21    22    23    24    25    26    27    28    29
      Leads
      L d         7     5     3     5     2     3     5     3     4     2     3     3     2     3     6
     Percent    1.0% 0.7% 0.4% 0.7% 0.3% 0.4% 0.7% 0.4% 0.6% 0.3% 0.4% 0.4% 0.3% 0.4% 0.9%
    Cumulative   564   569   572   577   579   582   587   590   594   596   599   602   604   607   613
   Cumulative % 83.9% 84.7% 85.1% 85.9% 86.2% 86.6% 87.4% 87.8% 88.4% 88.7% 89.1% 89.6% 89.9% 90.3% 91.2%

      Days        31    34    36    37    38    39    40    42    44    46    47    48    49    51    53
      Leads       3     2     1     1     1     1     1     1     1     1     1     4     1     2     1
     Percent    0.4% 0.3% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.6% 0.1% 0.3% 0.1%
    Cumulative   616   618   619   620   621   622   623   624   625   626   627   631   632   634   635
   Cumulative % 91.7% 92.0% 92.1% 92.3% 92.4% 92.6% 92.7% 92.9% 93.0% 93.2% 93.3% 93.9% 94.0% 94.3% 94.5%



         !    Point of diminishing returns: Consider the value of a lead against your 
              campaign cost to discover the point at which ROI is no longer favorable



21 21
1

     Experiment: Results
     Analysis of the calling and lead generation data showed that 90% of 
     successful leads were converted within 28 days of first contact
         • 60% of conversions happened on the first day
         • Another 30% take place over the next month
     • Conversions dropped off significantly after 28 days
        Conversions dropped off significantly after 28 days

     Looking for a decision point:
     • 30 d
        30 days i h
                 is when conversions stop increasing every day 
                                 i         i       i        d
     • 15 days is the last point at which at least 1% of conversions occur
     • 9 days is where you reach 80% of conversions
     • 2 days is where you reach 70% of conversions

     *The last conversion in this data set took place on 343rd day (672 total conversions)



22
1

                     Experiment: Results 

                    450
                                                             15 days
                                                             15 days
                    400                               last point at which 
                    350                                  at least 1% of 
                                                      conversions occur
                                                                                                       30 days 
               ds




                    300
 ales‐ready lead




                                                                                                     conversions 
                    250
                                                                                                   stop increasing 
                    200                                                                               every day 
Sa




                    150

                    100

                     50

                      0

                                                               *                                         *
                          1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44


                                                                          Campaign days



23 23
Optimizing the Lead
Optimizing the Lead

   1 Identify the right companies and people
   2 S
     Segment, score and prioritize
     Segment, score and prioritize
                      d i ii

   3 I i i a memorable conversation
     Initiate a memorable conversation
                      bl           i

   4 N
     Nurture regardless of time to buy
                  dl     f i       b
2

     Sample Marketing and Sales Process


         Lead            Segment and         Qualify and            Sales            Analyze 
        Capture           Score Leads         Nurture            Engagement          Results


                       Segment leads             ULD            Overview deck      Analyze data
     Capture leads 
                        by potential                                              Close the loop
     Normalize data
     Normalize data                        Qualify phone‐
                                           Qualify phone‐        Opportunity
                      Apply lead score: 
                      Apply lead score: 
                      Apply lead score:     ready leads
                                               d l d                              Leads converted
                                                                                  L d           d
      Enrich data
      Enrich data                                               Approach deck
                          lead data 
     Merge de‐dupe
     Merge de‐          lead behavior
                        lead behavior      Distribute sales‐
                                           Distribute sales‐   Proposal and LOA    Sales pipeline
                                             ready leads
                                             ready leads                           Sales closed
                                                                    Close




25
2

     Step 1. Lead Capture

           Subscribers                         External     
                                            firmographic
                                                  g p
                                                 data    
          Web inquiries
          Web inquiries


          Social media
          Social 
          Social media
            Inquiries
                                Normalize          Enrich      Merge and 
        Event registrants 
        Event registrants         data              data        de‐
                                                                de‐dupe
         and attendees
           d       d

             Webinar 
      registrants / inquiries
                                                               Unusable
                                                                 data
         Sales generated
         Sales generated                                        store




26
2

     Step 2. Segment and Score Leads

     Segment for      Targeting/Messaging/Calls‐to‐
                      Targeting/Messaging/Calls‐to‐Action
     next action
     next a
                               Data Hygiene,  
                               Data Hygiene,                    Segmentation 
                        Enhancement and Consolidation             based on 
                                                                  potential 
                          Explicit User supplied Data
                          Explicit User‐supplied 
                          Explicit User‐supplied Data           (quantitative)
                                                                (            )
                             (e.g., Registration Forms)
             Lead 
            scoring               Touch Points
                      (e.g., what content have they engaged?)
                      (       h           h     h         d?)



                       Phone Qualification and Discovery
                       Phone Qualification and Discovery            Human 
                                                                    H
                                                                interpretation 
                                                                 (qualitative)
                       Sales Qualification and Discovery
                       Sales Qualification and Discovery


27
2

     Step 3. Qualify Leads
                Explicit Information
                Explicit Information                         Inquiry comes 
                                                                into DB

                           Ideal
                         Customer
           Contacts                   Companies              Assign to rep




                            $
                                             Hand off    
                                             to sales 
                                             possibilities      Rep call 
                                                               to qualify
                      Sales‐ready Leads



                Implicit Information
                I li i I f       i                           Does it meet 
                       Touch points
                                                              the ULD?
                  User‐tracked behavior 
                 What have they engaged?



28
2

     Step 3. Qualify Leads


                                    NO
                               Does not meet ULD

                                                        Interest
       Critical ULD Factor 1
       Critical ULD Factor 1
                                                      Timeframe
       Critical ULD Factor 2
                                                        Budget



            Mark as                                Mark as nurturing 
           disqualified                                 Email 
             Not a fit
             Not a fit                              Call quarterly
                                                    Call quarterly




29
2

     Step 3. Qualify Leads


                                  YES
                               Meets ULD



                             Prospects willing
                              to speak with 
                                  sales?


              YES                                     NO
         Set appointment
         Set appointment                         Mark as nurturing
                                                 M k        t i
         Hand off to Sales                          Email/Call




30
2

     Cycle back to improve your DB
           Webinar 
     Registrants / Inquiries


         Web Inquiries                       John Smith Touchpoints:

                                             02/08/2012 ‐ Attended Workshop “Advanced Event 
         Social Media
         Social Media                        Marketing Practices”
                                             10/18/2011 ‐ Email Opened “TODAY: How marketers are 
           Inquiries                         transforming change”
                                Database     10/18/2011 ‐ Downloaded Tradeshow checklist tool
                                             10/18/2011 ‐ Attended Webinar ‐ B2B Mkg BMR: Marketers 
       Event Registrants       Touchpoints   10/12/2011 ‐ Email Link Clicked “Three ways to increase leads 
        and Attendees
        and 
        and Attendees                        g
                                             generation at tradeshows and events”
                                             10/12/2011 ‐ Email Opened “Three ways to increase leads 
                                             generation at tradeshows and events”
                                             09/20/2011 ‐ Downloaded Q3 Event Summary whitepaper
      Downloadable Tool                      09/19/2011 ‐ Attended Webinar – “Event budget planning”
                                             09/05/2011 ‐ Called – Spoke with Inbound Inquiry team
                                             09/02/2011  Message: Your question about services
                                             09/02/2011 ‐ Message: Your question about services
                                             09/01/2011 ‐ Web Lead – Web – Contact Page

        Sales Generated
        Sales Generated




31
2

     Progressive Profiling
     Capture a little more information each time you provide value

      First‐time download lead gen form       Subsequent download progressive profiling




32
2

     Sample Marketing and Sales Process


                         Segment 
         Lead                                Qualify and           Sales             Analyze 
                         and Score 
        Capture                               Nurture           Engagement           Results
                           Leads


                       Segment leads             ULD            Overview deck      Analyze data
     Capture l
     Capture leads 
                        by potential                                              Close the loop
     Normalize data                        Qualify phone‐
                                           Qualify phone‐        Opportunity
                      Apply lead score: 
                      Apply lead score: 
                      Apply lead score:     ready l d
                                            ready leads
                                               d leads                            Leads converted
                                                                                  L d           d
      Enrich data
      Enrich data                                               Approach deck
                          lead data 
     Merge de‐dupe
     Merge de‐          lead behavior
                        lead behavior      Distribute sales‐
                                           Distribute sales‐   Proposal and LOA    Sales pipeline
                                             ready leads
                                             ready leads                           Sales closed
                                                                    Close




33
Optimizing the Lead
Optimizing the Lead

   1 Identify the right companies and people
   2 S
     Segment, score and prioritize
     Segment, score and prioritize
                      d i ii

   3 I i i a memorable conversation
     Initiate a memorable conversation
                      bl           i

   4 N
     Nurture regardless of time to buy
                  dl     f i       b
3




      Relevance
         Timing
     Memorable
35
3




      Relevance
     TIMETiming
     TIME YOUR 
          YOUR
      TOUCHES
     Memorable
36
3

      Lead Generation Model

       INQUIRY                      CUSTOMER


Identify                       Make 
 Need
 N d                          Decision




 37
3

      Lead Generation Model

       INQUIRY LEAD                 CUSTOMER


Identify    Research           Make 
 Need
 N d        Solutions
            S l ti            Decision




 38
3

      Lead Generation Model

       INQUIRY LEAD           SALES‐READY          CUSTOMER
                              LEAD

Identify    Research    Develop               Make 
 Need
 N d        Solutions
            S l ti      Short List
                        Short List           Decision




 39
3

      Lead Generation Model

       INQUIRY LEAD           SALES‐READY          QUALIFIED          CUSTOMER
                              LEAD                 PROSPECT

Identify    Research    Develop               Review             Make 
 Need
 N d        Solutions
            S l ti      Short List
                        Short List           Proposals          Decision




 40
3

      Lead Generation Model

          INQUIRY LEAD                     SALES‐READY               QUALIFIED          CUSTOMER
                                           LEAD                      PROSPECT

Identify        Research             Develop                   Review              Make 
 Need
 N d            Solutions
                S l ti               Short List
                                     Short List               Proposals           Decision


       Branding            Events                    Lead 
      Advertising       Tradeshows                  Nurture
                                                                                       Follow‐up
          PR             Webinars                   Opt‐in 
                                                     Email
             SEO                      Outbound 
                                         calls                   Conference 
             ebs te
           Website                                                  Calls
          Direct Mail                  Inbound 
                                         800#                    Face to Face




 41
3

    Lead Generation Model

        INQUIRY LEAD                     SALES‐READY               QUALIFIED          CUSTOMER
                                         LEAD                      PROSPECT

 Identify     Research             Develop                   Review              Make 
  Need
  N d         Solutions
              S l ti               Short List
                                   Short List               Proposals           Decision


     Branding            Events                    Lead 
    Advertising       Tradeshows                  Nurture
                                                                                     Follow‐up
        PR             Webinars                   Opt‐in 
                                                   Email
           SEO                      Outbound 
                                       calls                   Conference 
           ebs te
         Website                                                  Calls
        Direct Mail                  Inbound 
                                       800#                    Face to Face



Broadly Targeted
Broadly Targeted                                                                 Narrowly Targeted
                                                                                 Narrowly Targeted
Less Interactive                                                                  Highly Interactive
Less Measurable
  42                                                                             Highly Measurable
3

     Multi‐modal Lead Generation




43
Optimizing the Lead
Optimizing the Lead

   1 Identify the right companies and people
   2 S
     Segment, score and prioritize
     Segment, score and prioritize
                      d i ii

   3 I i i a memorable conversation
     Initiate a memorable conversation
                      bl           i

   4 N
     Nurture regardless of time to buy
                  dl     f i       b
4

     Case Study
              Experiment ID: IT desktop management firm
              Location: MECLABS Leads Group Research Library
              Test Protocol: LG4028
                          l G 028

 Research Notes:
     Background: An IT management firm engaged MECLABS for lead generation
     Background: An IT management firm engaged MECLABS for lead generation
                 $80 million annual revenue
                 100 channel partners
                 27 sales people, 10 marketers
                 27 sales people 10 marketers
     Objective: To determine if basic lead management can improve pipeline

     Test Design: Creation of a ULD, lead qualification, lead nurturing, clear lead 
                            f                  f
     handoff and feedback process.



45
4

Case Study: Challenges

•   < 2% lead‐to‐sale pipeline conversion
•   Marketing felt leads were going into a “black hole”
    M k ti f lt l d              i i t “bl k h l ”
•   No closed‐loop feedback process
•   Unable to measure ROI
    Unable to measure ROI




*      More activity but the same results
4

     Case Study: The approach
                          Events, Events, Summits, Guides, Subscribers, Website,  Teleprospecting


                                                  Inquiries (Level 1)                   Not a Fit

               Marketing                         Nurturing (Level 2)
                Pipeline
                                                   Level 3,4,5 Leads
                                                                            Returned 
                                                                            Prospects
                                                                                                         CRM
            Closed Loop
             Feedback
                                                   HANDOFF
                                                                                              Sales 
                                                   Sales Ready                              Generated 
                                                      Leads                                   Leads

                  Sales                                                                      Existing 
                                                                                             Clients
                 Pipeline

                                                                                                    Measure ROI
                                                     Customers



47
4

     Case Study: Results


           375% Increase in sales‐ready leads
           200% Improved lead to sales opportunity
           200% Improved lead‐to‐sales opportunity
           $4.9 M Additional sales pipeline in 8 months




48
4

     Case Study: Results


           375%  Increase in sales‐ready leads
           200%  Improved lead to sales opportunity
           200% Improved lead‐to‐sales opportunity
           $4.9M Additional sales pipeline in 8 months


      *
           What you need to understand:  By actively nurturing 
           and closing the loop, improved lead to sales 
           opportunity and pipeline increases are achieved


49
4

     What is lead nurturing?
     A relevant, consistent conversation with viable potential customers, 
     regardless of their timing to buy.


                                                                                  Track Results
     Understand            Messaging            Organize           Execute 
                                                                                      and 
      Audience              Strategy
                                  gy            Content             Tracks
                                                                                  Engagement




                         Progressive Lead Movement Across Buying Stages


             • Touch                    • Touch                 • Touch              • Touch

       1     • Track
             • Follow‐          2       • Track
                                        • Follow‐           3   • Track
                                                                • Follow‐     4      • Track
                                                                                     • Follow‐
               Up                         Up                      Up                   Up




50
4

     Align messaging to roles and needs
     Multi‐track lead nurturing timeline
        CIO         Q1
      Month 1      Free executive report via direct mail with follow‐up call          Connect with your personas:
      Month 2      Invitation to executive roundtable via email with follow‐up call
                                                                                      • Project Leader
      Month 3      Link to relevant Podcast via email with follow‐up voicemail
                                                                                      • CIO
     IT Director    Q1
      Month 1      3rd party article via email and voicemail                          • Contact Center
      Month 2      3rd party article via email with follow‐up                         • Field Service Center
      Month 3
      Month 3      Link to relevant webinar via email with follow‐up call
                                                                   p
                                                                                      • E
                                                                                        Executive Sponsor
                                                                                              ti S
     IT Manager     Q1
                                                                                      • Stakeholders
      Month 1      Relevant white paper via email with voicemail
      Month 2      Direct mail piece
                               p
      Month 3      Invitation to webcast via email with follow‐up call

          Client Plan for Q1 Audience: 3 Contacts Deep



51
4

     Align messaging to roles and needs
     Multi‐track lead nurturing timeline
        CIO         Q1
      Month 1      Free executive report via direct mail with follow‐up call           Connect with your personas:


                    BUILD YOUR
                    BUILD YOUR
      Month 2      Invitation to executive roundtable via e‐mail with follow‐up call
                                                                                       • Project Leader
      Month 3      Link to relevant Podcast via e‐mail with follow‐up voicemail
                                                                                       • CIO
     IT Director    Q1
      Month 1      3rd party article via e‐mail and voice mail                         • Contact Center



                      TRACKS                                                           • Field Service Center
      Month 2      3rd party article via e‐mail with follow‐up 

      Month 3
      Month 3      Link to relevant webinar via e‐mail with follow‐up call
                                                                    p
                                                                                       • E
                                                                                         Executive Sponsor
                                                                                               ti S
     IT Manager     Q1
                                                                                       • Stakeholders
      Month 1      Relevant white paper via e‐mail with voice mail
      Month 2      Direct mail piece
                               p
      Month 3      Invitation to webcast via e‐mail with follow‐up call

          Client Plan for Q1 Audience: 3 Contacts Deep



52
4

     Repurpose quality content
       Research chart 




53
4

     Repurpose quality content
       Research chart     Webinar         Video clip




         Blog post         Email

                                    Tactical tool download




54
4

     Measure and refine
       Research chart        Webinar            Video clip



                           Registrants          Views
                           Attendees        Likes/Dislikes
                            Replays         Social Shares



         Blog post            Email

                                          Tactical tool download

        Page views            Opens          Downloads
        Comments
        C        t        Clickthroughs     Social Shares
                                            Social Shares
       Social Shares          Shares        Lead Capture




55
Optimizing the Lead
Optimizing the Lead

   1 Identify the right companies and people
   2 S
     Segment, score and prioritize
     Segment, score and prioritize
                      d i ii

   3 I i i a memorable conversation
     Initiate a memorable conversation
                      bl           i

   4 N
     Nurture regardless of time to buy
                  dl     f i       b
Takeaways: Identify

         Collaborate with your sales team to determine 
     1
         and apply your Universal Lead Definition
         and apply your Universal Lead Definition


          What information is required to qualify leads as being sales‐ready?

          •   What are the characteristics of the ideal sales opportunity?
          •   What are the questions sales want answered before getting a lead?
              Wh t     th       ti      l       t          db f       tti  l d?
          •   What info is must‐have vs. nice‐to‐have?
          •   Which questions tend to gather the most‐needed information?
          •   What should we start doing to make leads more actionable?
          •   What things should we stop doing with leads that don’t value?
              Wh t thi      h ld      t d i        ith l d th t d ’t l ?




57
Takeaways: Prioritize

     2   Set up a process that allows your team 
         to increase pipeline velocity
            i         i li      l i




58
Takeaways: Initiate

      3     Match your conversation timing and
            relevance with your customer’s stage
              l        ih               ’

       INQUIRY LEAD           SALES‐READY          QUALIFIED          CUSTOMER
                              LEAD                 PROSPECT

Identify 
 d if       Research 
                    h   Develop 
                        D l                   Review 
                                              R i                Make 
                                                                 M k
 Need       Solutions   Short List           Proposals          Decision




 59
Takeaways: Nurture

     4   Nurture leads, regardless of time to buy




60
We continue to test these principles with Research 
     Partners around the world
     Partners around the world




61
So how does MECLABS really work 
So how does MECLABS really work
         with Research Partners?
The research process is supported by the 
     d l         t f              t            hl b
     development of your own custom research lab
                                                       • Scientists
                                                       • Analysts
                                           Research    • Statisticians
                                            Block 1    • Designers
                                                       • Developers
                                                       • Teachers



               Your 
                                               Research 
           Marketing 
         Your  Marketing                        Block 2
             Group
              Group

                              CUSTOM
                            RESEARCH LAB   Research 
                                            Block 3




63
Research Partnership Application Process
  Research Partnership Application Process
       The MECLABS                           The Sciences Team                          The terms of the 
       Application Review 
       Application Review                    reviews the data to determine if           Research Proposal are
                                                                                        Research Proposal are 
       The team looks for alignment in       the initiative fits into our research 
       industry and project focus and        agenda and provides their                  agreed upon and the Research 
                                             recommendation.                            Partnership officially begins.
       potential for growth.




   1          2             3                     4                 5                        6                           7




Submit your             We contact you to                            MECLABS drafts the                   Work begins 
Research                discuss your application                     research proposal                    The MECLABS Research Team 
                                                                                                          The MECLABS Research Team 
                        The goal is to get a better 
                        The goal is to get a better                  which helps articulate, 
                                                                     which helps articulate, 
                                                                     which helps articulate               conducts preliminary forensic data 
Application                                                                                               analysis, summary competitive 
                        understanding of your research               deliverables, timelines, 
                                                                     deliverables, timelines, 
                        challenges and objectives.                   objectives and costs.                analysis and other key deliverables 
                                                                                                          to initiate the research project and 
                                                                                                          to initiate the research project and 
                                                                                                          gain the ‘quick wins’ that will fuel 
                                                                                                          the ongoing discovery.
Submit your Research Application:
       MECLABS.com/contact




65
MECLABS Research Partnership Opportunities
MECLABS conducts rigorous experiments in the new science of optimization. 
We apply our discoveries to help leaders optimize the financial performance 
of their sales and marketing programs.

Learn more about how you may 
be a fit for a MECLABS research 
be a fit for a MECLABS research
partnership: 

•   Select your Research 
    Select your Research
    Partnership area of interest   
    on the post‐webinar survey

• Contact us directly
   info@MECLABS.com                   x
   1‐877‐635‐0565
Questions?
Q ti ?
Optimizing the Lead
O ti i i th L d
  A data‐
  A data‐driven optimization process 
                 p           p
  that goes beyond lead capture

Brian Carroll
Executive Director, Revenue Optimization
                             p
MECLABS

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Optimizing the Lead

  • 1. Optimizing the Lead O ti i i th L d A data‐ A data‐driven optimization process  p p that goes beyond lead capture Brian Carroll Executive Director, Revenue Optimization p MECLABS
  • 2. Session Speaker Brian Carroll Executive Director of Revenue Optimization MECLABS Brian Carroll is Executive Director of Applied Research at MECLABS and  CEO of InTouch, part of the MECLABS Group. Author of the  CEO of InTouch, part of the MECLABS Group. Author of the bestseller, Lead Generation for the Complex Sale, Carroll is a leading  expert in lead generation and he's profiled and regularly quoted in  numerous publications. @brianjcarroll Carroll also speaks to 20,000 people a year on improving sales  effectiveness and lead generation strategies. He has been profiled and  regularly quoted in numerous publications such as BtoB magazine,  Selling Power, The Wall Street Journal, Entrepreneur, Target Marketing,  Selling Power, The Wall Street Journal, Entrepreneur, Target Marketing, Inc., Marketing News, DM News, MarketingProfs, MarketingSherpa, Software CEO and CMO Magazine. 2
  • 3. Recent Experiments: 10,000+ Paths Tested 189% 137% 201% Conversion Conversion Conversion 124% Conversion 54% Conversion 3
  • 4. MECLABS: A science lab with a consultancy • More than 10 years of research • 1,300+ major experiments • Over 1 billion emails • 10,000 sales‐paths tested • Hundreds of publications and  conferences f 4
  • 5. MarketingSherpa: Research and publications MarketingSherpa provides  MarketingSherpa provides B2B and consumer marketing  professionals practical case  studies, research and  t di h d training on email, demand  gen, search, social and more. The annual research cycle  provides knowledge for  continuous marketing  continuous marketing improvement.
  • 6. MarketingExperiments: Testing and optimization MarketingExperiments publishes  testing and research discoveries, to  testing and research discoveries to help marketers learn what really  works in sales and marketing  optimization.
  • 7. We build custom micro research labs within  companies around the world companies around the world 7
  • 8. Optimizing the Lead Optimizing the Lead 1 Identify the right companies and people 2 S Segment, score and prioritize Segment, score and prioritize d i ii 3 I i i a memorable conversation Initiate a memorable conversation bl i 4 N Nurture regardless of time to buy dl f i b
  • 9. Optimizing the Lead Optimizing the Lead 1 Identify the right companies and people 2 S Segment, score and prioritize Segment, score and prioritize d i ii 3 I i i a memorable conversation Initiate a memorable conversation bl i 4 N Nurture regardless of time to buy dl f i b
  • 10. 1 What is a lead? Inquiries are not leads  • 5 t 15% f ll i 5 to 15% of all inquiries are sales‐ready  ii l d
  • 11. 1 What is a lead? Inquiries are not leads  • 5 t 15% f ll i 5 to 15% of all inquiries are sales‐ready  ii l d Sales doesn t need to  accept the leads Sales doesn’t need to “accept” the leads • Confirm whether the lead met the Universal Lead  Definition agreed to between sales and marketing agreed to between sales and marketing
  • 12. 1 What is a lead? Inquiries are not leads  • 5 t 15% f ll i 5 to 15% of all inquiries are sales‐ready  ii l d Sales doesn t need to  accept the leads Sales doesn’t need to “accept” the leads • Confirm whether the lead met the Universal Lead  Definition agreed to between sales and marketing agreed to between sales and marketing Create your very own version of a ULD  Create your very own version of a ULD • Apply it to every lead, and iterate as you close the  loop
  • 13. 1 What is a lead? Inquiries are not leads  • 5 t 15% f ll i 5 to 15% of all inquiries are sales‐ready  ii l d Sales doesn t need to  accept the leads Sales doesn’t need to “accept” the leads CREATE YOUR ULD • Confirm whether the lead met the Universal Lead  Definition agreed to between sales and marketing agreed to between sales and marketing Create your very own version of a ULD  Create your very own version of a ULD • Apply it to every lead, and iterate as you close the  loop
  • 14. 1 Identify the right companies and people Action Item: ULD checklist What makes a good sales lead? • How can we raise the bar and give your better more actionable leads? • What initiative or need makes this a good fit? • What info is necessary to determine if a lead is worth the follow‐up? y p • What are the titles/job functions of economic buyers and influencers? • What does this company values? What is its culture like? • What are the common business issues? 14
  • 15. 1 Identify the right companies and people Action Item: ULD checklist What information is required to qualify leads as being sales‐ready? What information is required to qualify leads as being sales ready? •• What are the characteristics of the ideal sales opportunity? What are the characteristics of the ideal sales opportunity? •• What are the questions sales want answered before getting a lead? What are the questions sales want answered before getting a lead? •• What info is must‐have vs. nice‐to‐have? What info is must‐have vs. nice‐to‐have? What info is must‐have vs nice‐to‐have? •• Which questions tend to gather the most‐needed information? Which questions tend to gather the most‐needed information? •• What should we start doing to make leads more actionable? What should we start doing to make leads more actionable? •• What things should we stop doing with leads that don’t value? What things should we stop doing with leads that don’t value? 15
  • 16. 1 Identify the right companies and people Action Item: ULD checklist Use the ULD to delineate “sales‐ready” vs. “nurture” lead statuses • Will there be a time frame to evaluate and implement a solution? • Will there be a formal or informal budget in place? • Are there specific behaviors or traits you are looking for? p y g 16
  • 17. 1 Identify the right companies and people Action Item: ULD checklist Identify key info a sales rep would value in speaking with a prospect Identify key info a sales rep would value in speaking with a prospect •• What fuels interest and how must we focus on it with the solution? What fuels interest and how must we focus on it with the solution? •• Where is the best entry point? Where is the best entry point? •• Who is involved in the buying process as it evolves?  Who is involved in the buying process as it evolves?  y gp •• Should anyone else be contacted? Should anyone else be contacted? •• Where’s the funding coming from and who has authority over it? Where’s the funding coming from and who has authority over it? Then, only send as many sales ready leads that the sales person can effectively handle Then, only send as many sales‐ready leads that the sales person can effectively handle 17
  • 18. 1 Identify the right companies and people Action Item: ULD checklist FOCUS ON FOCUS ON Identify key info a sales rep would value in speaking with a prospect Identify key info a sales rep would value in speaking with a prospect •• What fuels interest and how must we focus on it with the solution? What fuels interest and how must we focus on it with the solution? EFFICIENCY •• Where is the best entry point? Where is the best entry point? •• Who is involved in the buying process as it evolves?  Who is involved in the buying process as it evolves?  y gp •• Should anyone else be contacted? Should anyone else be contacted? •• Where’s the funding coming from and who has authority over it? Where’s the funding coming from and who has authority over it? Then, only send as many sales ready leads that the sales person can effectively handle Then, only send as many sales ready leads that the sales person can effectively handle 18
  • 19. 1 Experiment: Background Experiment ID: (Protected) Location: MECLABS Leads Group Library Test Protocol Number: TP1214 Test Protocol Number: TP1214 Research Notes: Background: An industrial testing equipment manufacturer engaged the  B k d A i d i l i i f d h MECLABS Leads Group to follow up on leads generated through tradeshows  and a PPC campaign offering a free book. Goal: To understand when to stop calling a teleprospecting list. Goal To nderstand hen to stop allin a teleprospe tin list Primary research question: At which point does the value of sales‐ready  leads from a calling campaign no longer outweigh the costs? Approach: Record and analyze teleprospecting campaign data to discover the  point of diminishing returns 19 19
  • 20. 1 Experiment: Campaign path Re‐engagement eads  Leads  Leads ualified Le Generated Tradeshows PPC campaign  PPC campaign Qu Primary research question: At which point does the value of sales‐ready  leads from a calling campaign no longer outweigh the costs? 20
  • 21. 1 Experiment: Results Days 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Leads 412 57 14 4 11 12 8 10 6 5 1 2 2 3 10 Percent 61.3% 8.5% 2.1% 0.6% 1.6% 1.8% 1.2% 1.5% 0.9% 0.7% 0.1% 0.3% 0.3% 0.4% 1.5% Cumulative 412 469 483 487 498 510 518 528 534 539 540 542 544 547 557 Cumulative % 61.3% 69.8% 71.9% 72.5% 74.1% 75.9% 77.1% 78.6% 79.5% 80.2% 80.4% 80.7% 81.0% 81.4% 82.9% Days 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Leads L d 7 5 3 5 2 3 5 3 4 2 3 3 2 3 6 Percent 1.0% 0.7% 0.4% 0.7% 0.3% 0.4% 0.7% 0.4% 0.6% 0.3% 0.4% 0.4% 0.3% 0.4% 0.9% Cumulative 564 569 572 577 579 582 587 590 594 596 599 602 604 607 613 Cumulative % 83.9% 84.7% 85.1% 85.9% 86.2% 86.6% 87.4% 87.8% 88.4% 88.7% 89.1% 89.6% 89.9% 90.3% 91.2% Days 31 34 36 37 38 39 40 42 44 46 47 48 49 51 53 Leads 3 2 1 1 1 1 1 1 1 1 1 4 1 2 1 Percent 0.4% 0.3% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.6% 0.1% 0.3% 0.1% Cumulative 616 618 619 620 621 622 623 624 625 626 627 631 632 634 635 Cumulative % 91.7% 92.0% 92.1% 92.3% 92.4% 92.6% 92.7% 92.9% 93.0% 93.2% 93.3% 93.9% 94.0% 94.3% 94.5% ! Point of diminishing returns: Consider the value of a lead against your  campaign cost to discover the point at which ROI is no longer favorable 21 21
  • 22. 1 Experiment: Results Analysis of the calling and lead generation data showed that 90% of  successful leads were converted within 28 days of first contact • 60% of conversions happened on the first day • Another 30% take place over the next month • Conversions dropped off significantly after 28 days Conversions dropped off significantly after 28 days Looking for a decision point: • 30 d 30 days i h is when conversions stop increasing every day  i i i d • 15 days is the last point at which at least 1% of conversions occur • 9 days is where you reach 80% of conversions • 2 days is where you reach 70% of conversions *The last conversion in this data set took place on 343rd day (672 total conversions) 22
  • 23. 1 Experiment: Results  450 15 days 15 days 400 last point at which  350 at least 1% of  conversions occur 30 days  ds 300 ales‐ready lead conversions  250 stop increasing  200 every day  Sa 150 100 50 0 * * 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Campaign days 23 23
  • 24. Optimizing the Lead Optimizing the Lead 1 Identify the right companies and people 2 S Segment, score and prioritize Segment, score and prioritize d i ii 3 I i i a memorable conversation Initiate a memorable conversation bl i 4 N Nurture regardless of time to buy dl f i b
  • 25. 2 Sample Marketing and Sales Process Lead  Segment and  Qualify and  Sales  Analyze  Capture Score Leads Nurture Engagement Results Segment leads  ULD Overview deck Analyze data Capture leads  by potential Close the loop Normalize data Normalize data Qualify phone‐ Qualify phone‐ Opportunity Apply lead score:  Apply lead score:  Apply lead score: ready leads d l d Leads converted L d d Enrich data Enrich data Approach deck lead data  Merge de‐dupe Merge de‐ lead behavior lead behavior Distribute sales‐ Distribute sales‐ Proposal and LOA Sales pipeline ready leads ready leads Sales closed Close 25
  • 26. 2 Step 1. Lead Capture Subscribers External      firmographic g p data     Web inquiries Web inquiries Social media Social  Social media Inquiries Normalize Enrich  Merge and  Event registrants  Event registrants  data data de‐ de‐dupe and attendees d d Webinar  registrants / inquiries Unusable data Sales generated Sales generated store 26
  • 27. 2 Step 2. Segment and Score Leads Segment for Targeting/Messaging/Calls‐to‐ Targeting/Messaging/Calls‐to‐Action next action next a Data Hygiene,   Data Hygiene,   Segmentation  Enhancement and Consolidation based on  potential  Explicit User supplied Data Explicit User‐supplied  Explicit User‐supplied Data (quantitative) ( ) (e.g., Registration Forms) Lead  scoring Touch Points (e.g., what content have they engaged?) ( h h h d?) Phone Qualification and Discovery Phone Qualification and Discovery Human  H interpretation  (qualitative) Sales Qualification and Discovery Sales Qualification and Discovery 27
  • 28. 2 Step 3. Qualify Leads Explicit Information Explicit Information Inquiry comes  into DB Ideal Customer Contacts Companies Assign to rep $ Hand off     to sales  possibilities Rep call  to qualify Sales‐ready Leads Implicit Information I li i I f i Does it meet  Touch points the ULD? User‐tracked behavior  What have they engaged? 28
  • 29. 2 Step 3. Qualify Leads NO Does not meet ULD Interest Critical ULD Factor 1 Critical ULD Factor 1 Timeframe Critical ULD Factor 2 Budget Mark as  Mark as nurturing  disqualified Email  Not a fit Not a fit Call quarterly Call quarterly 29
  • 30. 2 Step 3. Qualify Leads YES Meets ULD Prospects willing to speak with  sales? YES NO Set appointment Set appointment Mark as nurturing M k t i Hand off to Sales Email/Call 30
  • 31. 2 Cycle back to improve your DB Webinar  Registrants / Inquiries Web Inquiries John Smith Touchpoints: 02/08/2012 ‐ Attended Workshop “Advanced Event  Social Media Social Media Marketing Practices” 10/18/2011 ‐ Email Opened “TODAY: How marketers are  Inquiries transforming change” Database  10/18/2011 ‐ Downloaded Tradeshow checklist tool 10/18/2011 ‐ Attended Webinar ‐ B2B Mkg BMR: Marketers  Event Registrants  Touchpoints 10/12/2011 ‐ Email Link Clicked “Three ways to increase leads  and Attendees and  and Attendees g generation at tradeshows and events” 10/12/2011 ‐ Email Opened “Three ways to increase leads  generation at tradeshows and events” 09/20/2011 ‐ Downloaded Q3 Event Summary whitepaper Downloadable Tool 09/19/2011 ‐ Attended Webinar – “Event budget planning” 09/05/2011 ‐ Called – Spoke with Inbound Inquiry team 09/02/2011  Message: Your question about services 09/02/2011 ‐ Message: Your question about services 09/01/2011 ‐ Web Lead – Web – Contact Page Sales Generated Sales Generated 31
  • 32. 2 Progressive Profiling Capture a little more information each time you provide value First‐time download lead gen form  Subsequent download progressive profiling 32
  • 33. 2 Sample Marketing and Sales Process Segment  Lead  Qualify and  Sales  Analyze  and Score  Capture Nurture Engagement Results Leads Segment leads  ULD Overview deck Analyze data Capture l Capture leads  by potential Close the loop Normalize data Qualify phone‐ Qualify phone‐ Opportunity Apply lead score:  Apply lead score:  Apply lead score: ready l d ready leads d leads Leads converted L d d Enrich data Enrich data Approach deck lead data  Merge de‐dupe Merge de‐ lead behavior lead behavior Distribute sales‐ Distribute sales‐ Proposal and LOA Sales pipeline ready leads ready leads Sales closed Close 33
  • 34. Optimizing the Lead Optimizing the Lead 1 Identify the right companies and people 2 S Segment, score and prioritize Segment, score and prioritize d i ii 3 I i i a memorable conversation Initiate a memorable conversation bl i 4 N Nurture regardless of time to buy dl f i b
  • 35. 3 Relevance Timing Memorable 35
  • 36. 3 Relevance TIMETiming TIME YOUR  YOUR TOUCHES Memorable 36
  • 37. 3 Lead Generation Model INQUIRY CUSTOMER Identify  Make  Need N d Decision 37
  • 38. 3 Lead Generation Model INQUIRY LEAD CUSTOMER Identify  Research  Make  Need N d Solutions S l ti Decision 38
  • 39. 3 Lead Generation Model INQUIRY LEAD SALES‐READY  CUSTOMER LEAD Identify  Research  Develop  Make  Need N d Solutions S l ti Short List Short List Decision 39
  • 40. 3 Lead Generation Model INQUIRY LEAD SALES‐READY  QUALIFIED  CUSTOMER LEAD PROSPECT Identify  Research  Develop  Review  Make  Need N d Solutions S l ti Short List Short List Proposals Decision 40
  • 41. 3 Lead Generation Model INQUIRY LEAD SALES‐READY  QUALIFIED  CUSTOMER LEAD PROSPECT Identify  Research  Develop  Review  Make  Need N d Solutions S l ti Short List Short List Proposals Decision Branding Events  Lead  Advertising Tradeshows Nurture Follow‐up PR Webinars Opt‐in  Email SEO Outbound  calls Conference  ebs te Website Calls Direct Mail Inbound  800# Face to Face 41
  • 42. 3 Lead Generation Model INQUIRY LEAD SALES‐READY  QUALIFIED  CUSTOMER LEAD PROSPECT Identify  Research  Develop  Review  Make  Need N d Solutions S l ti Short List Short List Proposals Decision Branding Events  Lead  Advertising Tradeshows Nurture Follow‐up PR Webinars Opt‐in  Email SEO Outbound  calls Conference  ebs te Website Calls Direct Mail Inbound  800# Face to Face Broadly Targeted Broadly Targeted Narrowly Targeted Narrowly Targeted Less Interactive Highly Interactive Less Measurable 42 Highly Measurable
  • 43. 3 Multi‐modal Lead Generation 43
  • 44. Optimizing the Lead Optimizing the Lead 1 Identify the right companies and people 2 S Segment, score and prioritize Segment, score and prioritize d i ii 3 I i i a memorable conversation Initiate a memorable conversation bl i 4 N Nurture regardless of time to buy dl f i b
  • 45. 4 Case Study Experiment ID: IT desktop management firm Location: MECLABS Leads Group Research Library Test Protocol: LG4028 l G 028 Research Notes: Background: An IT management firm engaged MECLABS for lead generation Background: An IT management firm engaged MECLABS for lead generation $80 million annual revenue 100 channel partners 27 sales people, 10 marketers 27 sales people 10 marketers Objective: To determine if basic lead management can improve pipeline Test Design: Creation of a ULD, lead qualification, lead nurturing, clear lead  f f handoff and feedback process. 45
  • 46. 4 Case Study: Challenges • < 2% lead‐to‐sale pipeline conversion • Marketing felt leads were going into a “black hole” M k ti f lt l d i i t “bl k h l ” • No closed‐loop feedback process • Unable to measure ROI Unable to measure ROI * More activity but the same results
  • 47. 4 Case Study: The approach Events, Events, Summits, Guides, Subscribers, Website,  Teleprospecting Inquiries (Level 1) Not a Fit Marketing  Nurturing (Level 2) Pipeline Level 3,4,5 Leads Returned  Prospects CRM Closed Loop Feedback HANDOFF Sales  Sales Ready  Generated  Leads Leads Sales  Existing  Clients Pipeline Measure ROI Customers 47
  • 48. 4 Case Study: Results 375% Increase in sales‐ready leads 200% Improved lead to sales opportunity 200% Improved lead‐to‐sales opportunity $4.9 M Additional sales pipeline in 8 months 48
  • 49. 4 Case Study: Results 375%  Increase in sales‐ready leads 200%  Improved lead to sales opportunity 200% Improved lead‐to‐sales opportunity $4.9M Additional sales pipeline in 8 months * What you need to understand:  By actively nurturing  and closing the loop, improved lead to sales  opportunity and pipeline increases are achieved 49
  • 50. 4 What is lead nurturing? A relevant, consistent conversation with viable potential customers,  regardless of their timing to buy. Track Results Understand  Messaging  Organize  Execute  and  Audience Strategy gy Content Tracks Engagement Progressive Lead Movement Across Buying Stages • Touch • Touch • Touch • Touch 1 • Track • Follow‐ 2 • Track • Follow‐ 3 • Track • Follow‐ 4 • Track • Follow‐ Up Up Up Up 50
  • 51. 4 Align messaging to roles and needs Multi‐track lead nurturing timeline CIO Q1 Month 1 Free executive report via direct mail with follow‐up call Connect with your personas: Month 2 Invitation to executive roundtable via email with follow‐up call • Project Leader Month 3 Link to relevant Podcast via email with follow‐up voicemail • CIO IT Director Q1 Month 1 3rd party article via email and voicemail • Contact Center Month 2 3rd party article via email with follow‐up  • Field Service Center Month 3 Month 3 Link to relevant webinar via email with follow‐up call p • E Executive Sponsor ti S IT Manager Q1 • Stakeholders Month 1 Relevant white paper via email with voicemail Month 2 Direct mail piece p Month 3 Invitation to webcast via email with follow‐up call Client Plan for Q1 Audience: 3 Contacts Deep 51
  • 52. 4 Align messaging to roles and needs Multi‐track lead nurturing timeline CIO Q1 Month 1 Free executive report via direct mail with follow‐up call Connect with your personas: BUILD YOUR BUILD YOUR Month 2 Invitation to executive roundtable via e‐mail with follow‐up call • Project Leader Month 3 Link to relevant Podcast via e‐mail with follow‐up voicemail • CIO IT Director Q1 Month 1 3rd party article via e‐mail and voice mail • Contact Center TRACKS • Field Service Center Month 2 3rd party article via e‐mail with follow‐up  Month 3 Month 3 Link to relevant webinar via e‐mail with follow‐up call p • E Executive Sponsor ti S IT Manager Q1 • Stakeholders Month 1 Relevant white paper via e‐mail with voice mail Month 2 Direct mail piece p Month 3 Invitation to webcast via e‐mail with follow‐up call Client Plan for Q1 Audience: 3 Contacts Deep 52
  • 53. 4 Repurpose quality content Research chart  53
  • 54. 4 Repurpose quality content Research chart  Webinar Video clip Blog post Email Tactical tool download 54
  • 55. 4 Measure and refine Research chart  Webinar Video clip Registrants Views Attendees Likes/Dislikes Replays Social Shares Blog post Email Tactical tool download Page views Opens Downloads Comments C t Clickthroughs Social Shares Social Shares Social Shares Shares Lead Capture 55
  • 56. Optimizing the Lead Optimizing the Lead 1 Identify the right companies and people 2 S Segment, score and prioritize Segment, score and prioritize d i ii 3 I i i a memorable conversation Initiate a memorable conversation bl i 4 N Nurture regardless of time to buy dl f i b
  • 57. Takeaways: Identify Collaborate with your sales team to determine  1 and apply your Universal Lead Definition and apply your Universal Lead Definition What information is required to qualify leads as being sales‐ready? • What are the characteristics of the ideal sales opportunity? • What are the questions sales want answered before getting a lead? Wh t th ti l t db f tti l d? • What info is must‐have vs. nice‐to‐have? • Which questions tend to gather the most‐needed information? • What should we start doing to make leads more actionable? • What things should we stop doing with leads that don’t value? Wh t thi h ld t d i ith l d th t d ’t l ? 57
  • 58. Takeaways: Prioritize 2 Set up a process that allows your team  to increase pipeline velocity i i li l i 58
  • 59. Takeaways: Initiate 3 Match your conversation timing and relevance with your customer’s stage l ih ’ INQUIRY LEAD SALES‐READY  QUALIFIED  CUSTOMER LEAD PROSPECT Identify  d if Research  h Develop  D l Review  R i Make  M k Need Solutions Short List Proposals Decision 59
  • 60. Takeaways: Nurture 4 Nurture leads, regardless of time to buy 60
  • 61. We continue to test these principles with Research  Partners around the world Partners around the world 61
  • 62. So how does MECLABS really work  So how does MECLABS really work with Research Partners?
  • 63. The research process is supported by the  d l t f t hl b development of your own custom research lab • Scientists • Analysts Research  • Statisticians Block 1 • Designers • Developers • Teachers Your  Research  Marketing  Your  Marketing  Block 2 Group Group CUSTOM RESEARCH LAB Research  Block 3 63
  • 64. Research Partnership Application Process Research Partnership Application Process The MECLABS  The Sciences Team  The terms of the  Application Review  Application Review reviews the data to determine if  Research Proposal are Research Proposal are  The team looks for alignment in  the initiative fits into our research  industry and project focus and  agenda and provides their  agreed upon and the Research  recommendation. Partnership officially begins. potential for growth. 1 2 3 4 5 6 7 Submit your  We contact you to  MECLABS drafts the  Work begins  Research  discuss your application  research proposal  The MECLABS Research Team  The MECLABS Research Team  The goal is to get a better  The goal is to get a better which helps articulate,  which helps articulate,  which helps articulate conducts preliminary forensic data  Application analysis, summary competitive  understanding of your research  deliverables, timelines,  deliverables, timelines,  challenges and objectives. objectives and costs. analysis and other key deliverables  to initiate the research project and  to initiate the research project and  gain the ‘quick wins’ that will fuel  the ongoing discovery.
  • 65. Submit your Research Application: MECLABS.com/contact 65
  • 66. MECLABS Research Partnership Opportunities MECLABS conducts rigorous experiments in the new science of optimization.  We apply our discoveries to help leaders optimize the financial performance  of their sales and marketing programs. Learn more about how you may  be a fit for a MECLABS research  be a fit for a MECLABS research partnership:  • Select your Research  Select your Research Partnership area of interest    on the post‐webinar survey • Contact us directly info@MECLABS.com x 1‐877‐635‐0565
  • 68. Optimizing the Lead O ti i i th L d A data‐ A data‐driven optimization process  p p that goes beyond lead capture Brian Carroll Executive Director, Revenue Optimization p MECLABS