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Presentation from #FlipMyFunnel's account-based marketing roadshow in San Francisco
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Living Without Leads
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Living Without Leads
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© 2015 SiriusDecisions.
All Rights Reserved 2 Customer Experience Is The Key Driver of B-to-B Decisions + B-to-B Buying Decision Drivers From 2015 SiriusDecisions Study of 1,005 Decision Makers Question: What was most significant driver of decision to select vendor of choice? Direct 34% Previous experience with the company 8% Implementation of customer support services were the best 7% Relationship with salesperson 10% Influence of references sourced independently 8% Influence of references provided by vendor 4% Perception of brand with no previous experience Indirect 71% of b-to-b decision drivers are based on direct or indirect customer experience vs. 18% of decision based on promise of offering to meet needs vs. 9% of decision based on the price was the best =
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© 2015 SiriusDecisions.
All Rights Reserved 3 Standard Terminology For Customer Focused Areas Customer Experience: The direct experience a prospect or customer has with your company and your brand. Ideally this is supported by multiple functions and coordinated by a central function. Customer Marketing: The contribution of the marketing function to developing engagement, loyalty, advocacy and retention in the customer base. Some companies include cross/upsell in this area. Account-Based Marketing: Marketing to a defined universe of accounts, either new prospects, existing customers or a mix of both, using insights about the accounts to determine appropriate marketing strategy. Customer Success: Team dedicated to post-sale customer engagement and retention. Renewal: A defined transaction to continue to buy. Retention: The ongoing process of delivering value and engagement in the post-sale lifecycle. Customer Advocacy: Combination of activities that help customers share experience with your brand, formally and informally. Tactics such as case studies, sales references, videos, social media, community posts, events, user groups, analyst relations, investor relations, media/PR support, etc.
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© 2015 SiriusDecisions.
All Rights Reserved 4 Marketing Must Redefine Focus To Meet Customer Needs Opportunity Goals: Where will growth com from in target accounts? Relationship Goals: How will we ensure customer gets value? Buying Cycle EDUCATION NEED SOLUTION EXPLORE SELECTION CHOOSE Customer Lifecycle DELIVER INITIATE DEVELOP PARTICIPATE RETAIN ACTUALIZE GROW ADVOCATE Where Marketing Efforts Need to Be Focused Where Marketing Efforts Focus Today
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© 2015 SiriusDecisions.
All Rights Reserved 5 Customer Marketing Supports Updated B-to-B Charter Opportunity Goals Sales: Quota-bearing roles Marketing: Demand creation/center, field marketing Relationship Goals: Sales/Support: Customer Success, Account Management Marketing: Customer Marketing Buying Cycle EDUCATION NEED SOLUTION EXPLORE SELECTION CHOOSE Customer Lifecycle DELIVER INITIATE DEVELOP PARTICIPATE RETAIN ACTUALIZE GROW ADVOCATE
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© 2015 SiriusDecisions.
All Rights Reserved 6 Customer Marketing Function: What’s In It, and Do You Include Growth? • Customer analytics (or liaison to analytics team) • Customer loyalty/Net Promoter research and supportCustomer Insights • Customer relationship nurture, adoption/usage support • Customer retention/at-risk support • Sales enablement for post-sale roles (e.g., customer success) Customer Adoption/Retention • Cross-sell and upsell • Strategic account supportCustomer Growth • Traditional reference identification and management • Advocacy-based asset and interaction delivery Customer Advocacy/References • Development and management of online community • Support for customer areas on other Web sitesCustomer Community • Annual customer event • Additional events (e.g. advisory boards, user groups)Customer Events • Support for as-needed project delivery to address customer experience needs or join as marketing liaison to other teamsProject Management © 2013 SiriusDecisions. All Rights Reserved
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© 2015 SiriusDecisions.
All Rights Reserved 7 Questions We’ll Cover • Why did Cisco make the shift to customer marketing? • What were your first steps to building this function? • What skills have become important to your team? • How are you measuring the impact of customer marketing? • What surprised you on this journey? • What have been the positive outcomes you’ve seen so far? • What’s next for your work?
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© 2015 SiriusDecisions.
All Rights Reserved 8 What’s the work ahead & what do we need to address it? Campaign Build Program Execution Themes Global Planning Marketing Mix Audience Framework & Personas Messaging and Value Proposition PMO Planned Programs BestPractice Rapid Response Perpetual Leverage Marketing Automation Platform (MAP) Web Sites Lead Scoring Mktg Ops
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© 2015 SiriusDecisions.
All Rights Reserved 9 Choose a Starting Point and…Start
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Questions?
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Thank You
Editor's Notes
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