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Lead	
  Qualifica,on	
  (Scoring)	
  and	
  Nurturing	
  
Tips	
  and	
  Tricks	
  	
  



Presented	
  by:	
  	
  
Derek	
  Grant,	
  SVP,	
  Sales	
  

	
  
Introduc,on	
  

       I’m	
  Derek	
  Grant	
  
       	
  
       •  I	
  manage	
  sales	
  at	
  Pardot	
  

       •  MoDo:	
  
         Be	
  Brief,	
  Be	
  Brilliant	
  
         and	
  Be	
  Gone	
  
Lead	
  Qualifica,on	
  (Scoring)	
  
Iden,fy	
  Excep,onal	
  Prospects	
  
Does	
  This	
  Sound	
  Familiar?	
  
Should	
  All	
  Leads	
  Go	
  To	
  Sales?	
  
•  80%	
  of	
  all	
  leads	
  never	
  
   have	
  a	
  meaningful	
  
   conversa=on	
  with	
  a	
  
   sales	
  professional	
  	
  
                         -­‐Forrester	
  
                                     	
  
•  Only	
  17%	
  of	
  leads	
  
   convert	
  to	
  qualified	
  
   opportuni=es	
  
                 -­‐Bridge	
  Group	
  
The	
  Grim	
  Reality	
  
•  A	
  large	
  number	
  of	
  
   assigned	
  leads	
  should	
  
   have	
  never	
  crossed	
  
   over	
  to	
  the	
  Sales	
  team	
  	
  
                                            	
  
•  70%	
  of	
  mishandled	
  
   leads	
  will	
  buy	
  from	
  a	
  
   compe;tor	
  within	
  
   24	
  months	
  
The	
  Need	
  for	
  Objec,ve	
  Qualifica,on	
  
Prac,cal	
  Steps	
  
•  Define	
  “Marke=ng	
  Qualified	
  
   Lead”	
  (MQL)	
  
•  Have	
  a	
  Service	
  Level	
  
   Agreement	
  (SLA)	
  
•  Measure	
  and	
  Improve	
  

Qualifica,on	
  Leads	
  to:	
  
•  Prompt	
  follow	
  up	
  
•  Higher	
  conversion	
  rates	
  
•  More	
  closed	
  deals	
  
Tradi,onal	
  Lead	
  Qualifica,on	
  
Have	
  You	
  Tried?	
  
	
  
•  BANT	
  (Budget,	
  Authority,	
  
     Need,	
  Timeline)	
  
	
  
•  Explicit	
  Qualifica=on	
  
	
  
•  Implicit,	
  Ac=vity-­‐based	
  
     Qualifica=on	
  
	
  
•  “Eyeball	
  Approach”	
  
	
  
Example	
  of	
  Implicit	
  Qualifica,on	
  
Ac,vity	
                                            Value	
  
Form	
  	
  /	
  Landing	
  Page	
  Submission	
      +50	
  
Email	
  Open	
                                         0	
  
Email	
  Link	
  Click	
                               +3	
  
Page	
  View	
                                         +1	
  
Pricing	
  Page	
  View	
                             +25	
  
Search	
                                               +3	
  
Opportunity	
  Created	
                             +100	
  
Interest	
  v.	
  Intent	
  

Interest	
  (Researching)	
         Intent	
  (Buying)	
  
    Views	
  25	
  Pages	
        “Contact	
  Me”	
  Form	
  
    Downloads	
  Two	
               Searches	
  for	
  
     Whitepapers	
                  Company	
  Name	
  
   A_ends	
  a	
  Webinar	
          Product	
  Trial	
  


           Excep,onal	
  Prospects	
  
Finding	
  the	
  Right	
  20%	
  
    Implicit	
  –	
  What	
  they	
  do	
  
    	
  
    Explicit	
  –	
  Who	
  they	
  are	
  




      Implicit	
             Explicit	
  
Lead	
  Nurturing	
  
Stay	
  Top-­‐of-­‐Mind	
  With	
  Prospects	
  
The	
  ROI	
  is	
  Staggering	
  
                  •  9%	
  higher	
  average	
  
                       deal	
  size	
  
                  •  23%	
  shorter	
  deal	
  =me	
  
                  	
  
                  The	
  Value	
  of	
  Your	
  DB	
  
                  •  Each	
  lead	
  has	
  a	
  cost	
  
                  •  Time	
  erodes	
  the	
  value	
  
                  	
  
Rule	
  1	
  –	
  Know	
  Your	
  Audience	
  
                   Segments,	
  Personas	
  &	
  Interest	
  
                   •  No	
  “One	
  Size	
  Fits	
  All”	
  content	
  
                   •  Prospect	
  v.	
  Customer-­‐Focused	
  	
  
                   •  Granular	
  segmenta=on	
  is	
  key	
  
                   	
  
                   Rule:	
  	
  If	
  the	
  message	
  “fits”	
  
                   everyone,	
  it	
  probably	
  isn’t	
  
                   specific	
  enough	
  for	
  anyone.	
  
Rule	
  2	
  –	
  Start	
  With	
  the	
  End	
  in	
  Mind	
  
                          What’s	
  Your	
  Goal	
  
                          •  Begin	
  at	
  the	
  end	
  	
  
                          •  “Mission	
  Statement”	
  
                              •  Educa=on	
  
                              •  Green	
  to	
  MQL	
  
                              •  Brand	
  Building	
  	
  
                          Example	
  
                          •  Nurturing	
  during	
  a	
  product	
  
                             trial	
  should	
  convert	
  prospect	
  
                             to	
  customer	
  
Rule	
  3	
  –	
  Know	
  When	
  to	
  Stop	
  &	
  Start	
  
                       Start	
  
                       •  Not	
  Yet	
  an	
  MQL	
  
                       •  Non-­‐responsive	
  to	
  Sales	
  
                       	
  
                       Stop	
  
                       •  How	
  was	
  “Success”	
  defined?	
  
                       	
  
                       Transi,on	
  
                       •  Start	
  a	
  more	
  specific	
  one	
  
Rule	
  4	
  –	
  Be	
  Mindful	
  of	
  Timing	
  
                    Send	
  at	
  the	
  right	
  ,mes	
  
                    •  Suppress	
  weekends	
  or	
  
                         afer	
  hours	
  
                    •  Send	
  during	
  business	
  hours	
  
                         improve	
  response	
  rates	
  
                    	
  
                    Frequency	
  
                    •  S=ck	
  to	
  a	
  cadence	
  
                    •  Don’t	
  be	
  a	
  nuisance	
  
Rule	
  5	
  –	
  Send	
  Appropriate	
  Content	
  
                    Go	
  Green	
  with	
  Content	
  
                    •  Mul=-­‐use	
  content	
  
                    •  Dust	
  off	
  old	
  content	
  
                    •  Blog	
  Post	
  	
  
                       	
  

                    Don’t	
  get	
  too	
  specific	
  too	
  soon	
  
                    •  Whitepapers	
  =	
  General,	
  Broad	
  
                    •  Webinars	
  =	
  Feature	
  Specific	
  
                    •  Case	
  Studies	
  =	
  Pain	
  points,	
  ROI	
  
                    •  Opportuni=es	
  =	
  Eliminate	
  Risk	
  
Rule	
  6	
  –	
  Mix	
  It	
  (Content)	
  Up	
  
Rule	
  6	
  –	
  Mix	
  It	
  (Content)	
  Up	
  
Examples	
  of	
  Nurturing	
  
Prac,cal	
  Campaigns	
  For	
  Any	
  Organiza,on	
  
Educate	
  Non-­‐Sales	
  Ready	
  Leads	
  
                 Premise	
  
                 •  Retain	
  early	
  stage	
  leads	
  as	
  
                    marke=ng	
  assets	
  
                 •  “Put	
  the	
  pebble	
  in	
  the	
  shoe”	
  	
  
                 Strategy	
  
                 •  Heavy	
  HTML	
  from	
  Marke5ng@	
  
                 •  Whitepapers,	
  broad	
  webinars	
  
                 Goal	
  
                 •  Create	
  an	
  MQL	
  
Recycle	
  Dormant	
  Leads	
  
          So	
  They	
  Don’t	
  Want	
  to	
  Talk	
  
          •  Recycle	
  non-­‐responsive	
  leads	
  
          •  Automa=on	
  can	
  reclaim	
  	
  
          Strategy	
  
          •  Revert	
  to	
  broad	
  content	
  
                (Whitepapers,	
  Webinars,	
  etc…)	
  
          If	
  Successful	
  Sales	
  Engagement	
  
          •  From	
  “Assigned	
  User”	
  &	
  Light	
  HTML	
  
          If	
  No	
  Sales	
  Engagement	
  
          •  Heavy	
  HTML	
  from	
  Marke5ng@	
  
          Goal	
  
          •  A	
  more	
  responsive	
  MQL	
  
          	
  
Stay	
  Top	
  of	
  Mind	
  
      Stay	
  Top-­‐of-­‐Mind	
  	
  
      •  Stay	
  in	
  touch	
  
      •  Non-­‐responsive	
  leads	
  
      •  Re-­‐acquain=ng	
  the	
  prospect	
  with	
  
         key	
  features	
  
      Content	
  
      •  Light	
  HTML	
  from	
  the	
  sales	
  rep	
  
      Goal	
  
      •  Faking	
  sincerity	
  un=l	
  re-­‐engagement	
  
Automate	
  Trial	
  Messaging	
  
          Try	
  it	
  before	
  you	
  buy	
  it…	
  
          •  Product	
  trials	
  
          •  Consistent	
  messages	
  
          •  Defined	
  end	
  point	
  
          Content	
  
          •  From	
  Marke5ng@	
  &	
  Heavy	
  HTML	
  
          •  “How	
  To”	
  videos,	
  KB	
  ar=cles,	
  
             ROI	
  info	
  
          •  Align	
  =ming	
  with	
  trial	
  =meline	
  
          Goal	
  
          •  Convert	
  from	
  =re	
  kicker	
  to	
  customer	
  
Re-­‐Engage	
  aier	
  a	
  Loss	
  
          They	
  Bought	
  From	
  Who???	
  
          •  Nurture	
  Closed	
  /	
  Lost	
  Opportuni=es	
  
          •  Prospects	
  using	
  a	
  compe==ve	
  
             product	
  
          Strategy	
  
          •  From	
  “Assigned	
  User”	
  	
  
          •  Light	
  HTML	
  
          •  Wait	
  several	
  months	
  to	
  start	
  
          •  Align	
  =ming	
  with	
  contract	
  term	
  
          Goal	
  
          •  Another	
  chance	
  to	
  make	
  a	
  first	
  
             impression	
  
Do’s	
  and	
  Don’ts	
  
                                     DO	
  
                   Do	
  
                  Do	
  
                       	
  
                                                          Don’t	
    	
  
	
                                            	
  

•  Use	
  segmenta,on	
  &	
                  •  “Nurture”	
  your	
  en,re	
  
   personas	
                                    database	
  
   	
  
•  Start	
  with	
  the	
  end	
  in	
        •  Send	
  “one	
  size	
  fits	
  all”	
  
   mind	
                                        content	
  
•  Be	
  mindful	
  of	
  ,ming	
             •  Assume	
  that	
  newsleDers	
  
•  General	
  to	
  specific	
                    nurture	
  

•  Know	
  when	
  to	
  stop	
               •  Do	
  it	
  manually	
  
                                              	
  
	
  	
                                        	
  
	
  
Ques,ons	
  
Contact	
  Informa,on	
  
                             Pardot	
  
Derek	
  Grant	
             950	
  East	
  Paces	
  Ferry	
  Rd	
  
SVP	
  of	
  Sales	
         Suite	
  3300	
  
derek.grant@pardot.com	
     Atlanta,	
  Georgia	
  30326	
  
@derekgrant	
  
                             	
  
                             	
  
                             404.492.6848	
  
                             877.3B2B.ROI	
  
                             www.pardot.com	
  

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Pardot Webinar - Lead Qualification (Scoring) and Nurturing

  • 1. Lead  Qualifica,on  (Scoring)  and  Nurturing   Tips  and  Tricks     Presented  by:     Derek  Grant,  SVP,  Sales    
  • 2. Introduc,on   I’m  Derek  Grant     •  I  manage  sales  at  Pardot   •  MoDo:   Be  Brief,  Be  Brilliant   and  Be  Gone  
  • 3. Lead  Qualifica,on  (Scoring)   Iden,fy  Excep,onal  Prospects  
  • 4. Does  This  Sound  Familiar?  
  • 5. Should  All  Leads  Go  To  Sales?   •  80%  of  all  leads  never   have  a  meaningful   conversa=on  with  a   sales  professional     -­‐Forrester     •  Only  17%  of  leads   convert  to  qualified   opportuni=es   -­‐Bridge  Group  
  • 6. The  Grim  Reality   •  A  large  number  of   assigned  leads  should   have  never  crossed   over  to  the  Sales  team       •  70%  of  mishandled   leads  will  buy  from  a   compe;tor  within   24  months  
  • 7. The  Need  for  Objec,ve  Qualifica,on   Prac,cal  Steps   •  Define  “Marke=ng  Qualified   Lead”  (MQL)   •  Have  a  Service  Level   Agreement  (SLA)   •  Measure  and  Improve   Qualifica,on  Leads  to:   •  Prompt  follow  up   •  Higher  conversion  rates   •  More  closed  deals  
  • 8. Tradi,onal  Lead  Qualifica,on   Have  You  Tried?     •  BANT  (Budget,  Authority,   Need,  Timeline)     •  Explicit  Qualifica=on     •  Implicit,  Ac=vity-­‐based   Qualifica=on     •  “Eyeball  Approach”    
  • 9. Example  of  Implicit  Qualifica,on   Ac,vity   Value   Form    /  Landing  Page  Submission   +50   Email  Open   0   Email  Link  Click   +3   Page  View   +1   Pricing  Page  View   +25   Search   +3   Opportunity  Created   +100  
  • 10. Interest  v.  Intent   Interest  (Researching)   Intent  (Buying)   Views  25  Pages   “Contact  Me”  Form   Downloads  Two   Searches  for   Whitepapers   Company  Name   A_ends  a  Webinar   Product  Trial   Excep,onal  Prospects  
  • 11. Finding  the  Right  20%   Implicit  –  What  they  do     Explicit  –  Who  they  are   Implicit   Explicit  
  • 12. Lead  Nurturing   Stay  Top-­‐of-­‐Mind  With  Prospects  
  • 13. The  ROI  is  Staggering   •  9%  higher  average   deal  size   •  23%  shorter  deal  =me     The  Value  of  Your  DB   •  Each  lead  has  a  cost   •  Time  erodes  the  value    
  • 14. Rule  1  –  Know  Your  Audience   Segments,  Personas  &  Interest   •  No  “One  Size  Fits  All”  content   •  Prospect  v.  Customer-­‐Focused     •  Granular  segmenta=on  is  key     Rule:    If  the  message  “fits”   everyone,  it  probably  isn’t   specific  enough  for  anyone.  
  • 15. Rule  2  –  Start  With  the  End  in  Mind   What’s  Your  Goal   •  Begin  at  the  end     •  “Mission  Statement”   •  Educa=on   •  Green  to  MQL   •  Brand  Building     Example   •  Nurturing  during  a  product   trial  should  convert  prospect   to  customer  
  • 16. Rule  3  –  Know  When  to  Stop  &  Start   Start   •  Not  Yet  an  MQL   •  Non-­‐responsive  to  Sales     Stop   •  How  was  “Success”  defined?     Transi,on   •  Start  a  more  specific  one  
  • 17. Rule  4  –  Be  Mindful  of  Timing   Send  at  the  right  ,mes   •  Suppress  weekends  or   afer  hours   •  Send  during  business  hours   improve  response  rates     Frequency   •  S=ck  to  a  cadence   •  Don’t  be  a  nuisance  
  • 18. Rule  5  –  Send  Appropriate  Content   Go  Green  with  Content   •  Mul=-­‐use  content   •  Dust  off  old  content   •  Blog  Post       Don’t  get  too  specific  too  soon   •  Whitepapers  =  General,  Broad   •  Webinars  =  Feature  Specific   •  Case  Studies  =  Pain  points,  ROI   •  Opportuni=es  =  Eliminate  Risk  
  • 19. Rule  6  –  Mix  It  (Content)  Up  
  • 20. Rule  6  –  Mix  It  (Content)  Up  
  • 21. Examples  of  Nurturing   Prac,cal  Campaigns  For  Any  Organiza,on  
  • 22. Educate  Non-­‐Sales  Ready  Leads   Premise   •  Retain  early  stage  leads  as   marke=ng  assets   •  “Put  the  pebble  in  the  shoe”     Strategy   •  Heavy  HTML  from  Marke5ng@   •  Whitepapers,  broad  webinars   Goal   •  Create  an  MQL  
  • 23. Recycle  Dormant  Leads   So  They  Don’t  Want  to  Talk   •  Recycle  non-­‐responsive  leads   •  Automa=on  can  reclaim     Strategy   •  Revert  to  broad  content   (Whitepapers,  Webinars,  etc…)   If  Successful  Sales  Engagement   •  From  “Assigned  User”  &  Light  HTML   If  No  Sales  Engagement   •  Heavy  HTML  from  Marke5ng@   Goal   •  A  more  responsive  MQL    
  • 24. Stay  Top  of  Mind   Stay  Top-­‐of-­‐Mind     •  Stay  in  touch   •  Non-­‐responsive  leads   •  Re-­‐acquain=ng  the  prospect  with   key  features   Content   •  Light  HTML  from  the  sales  rep   Goal   •  Faking  sincerity  un=l  re-­‐engagement  
  • 25. Automate  Trial  Messaging   Try  it  before  you  buy  it…   •  Product  trials   •  Consistent  messages   •  Defined  end  point   Content   •  From  Marke5ng@  &  Heavy  HTML   •  “How  To”  videos,  KB  ar=cles,   ROI  info   •  Align  =ming  with  trial  =meline   Goal   •  Convert  from  =re  kicker  to  customer  
  • 26. Re-­‐Engage  aier  a  Loss   They  Bought  From  Who???   •  Nurture  Closed  /  Lost  Opportuni=es   •  Prospects  using  a  compe==ve   product   Strategy   •  From  “Assigned  User”     •  Light  HTML   •  Wait  several  months  to  start   •  Align  =ming  with  contract  term   Goal   •  Another  chance  to  make  a  first   impression  
  • 27. Do’s  and  Don’ts   DO   Do   Do     Don’t         •  Use  segmenta,on  &   •  “Nurture”  your  en,re   personas   database     •  Start  with  the  end  in   •  Send  “one  size  fits  all”   mind   content   •  Be  mindful  of  ,ming   •  Assume  that  newsleDers   •  General  to  specific   nurture   •  Know  when  to  stop   •  Do  it  manually            
  • 29. Contact  Informa,on   Pardot   Derek  Grant   950  East  Paces  Ferry  Rd   SVP  of  Sales   Suite  3300   derek.grant@pardot.com   Atlanta,  Georgia  30326   @derekgrant       404.492.6848   877.3B2B.ROI   www.pardot.com