How Data, Relevance and Content
are transforming B2B marketing
Data, Relevance and Content
“ ”
How will data drive B2B marketing campaigns in the future?
What’s the impact of relevance based marketing?
Why content is essential in lead nurture and long sales cycles.
•
•
•
””
It no longer makes economic senseIt no longer makes economic sense
to send an advertising message to the manyto send an advertising message to the many
in the hope of persuading the fewin the hope of persuading the few
““
M. Lawrence Light,M. Lawrence Light,
Chief Marketing Officer, McDonaldsChief Marketing Officer, McDonalds
Data
“ ”
•
•
•
•
•
Data enables you to target individual customers who have the highest propensity
to consume your product or service.
Better targeting is achieved through a ‘single customer view’ or SCV.
Every day companies gather information on customers and store it in different
databases, different departments and even different buildings.
An SCV seeks to merge all that data into one point that is accessible by all.
But there has been an explosion in the volume of data (partly due to the increase in
digital marketing) and ‘Big Data’ has an impact on SCV.
According to Bryan Eisenberg, Founder of the Digital Analytics Association, the
world is now generating more data in 2 days than in all the days before 2003.
Data
“ ”
•
•
•
Duncan Stuart, Director at Deloitte Canada, confirms there are compelling reasons
for companies to pursue Big Data...
With SCV companies have a platform that can profile, segment and enhance data
to make the most of the intelligence a unified view provides – and with Big Data
they can do it in real-time.
Big Data and SCV require accurate customer data in order to maximise their
potential and return on investment. Bad data makes the whole system redundant.
“Instead of looking at my customer’s behaviour once a month,
I can look at it every minute of every day. That kind of insight is
very, very powerful. It allows me to serve my customer better.”
Data
“ ”
The impact of bad data on a telemarketing
campaign can be seen in the chart opposite. As the
volume of bad data increases so the response rate
can drop by as much as 28.57%.
The solution is to ensure your B2B customer data
is accurate, and the best tool for data cleansing is
telemarketing.
Telemarketing can be more revealing. Interviewers
can elicit more complete and substantive answers,
as well as ask for clarification and elaboration on
responses. Something that is not possible with
email, direct mail or a web page.
Bad data is an excluded call, i.e. the sales agent made contact and was able
to establish the company did not meet the target criteria (wrong industry
sector, wrong size, etc.)
Source: SCi Sales Group, 2011 n = 53,400
Data
“ ”
•
•
•
EU Data Regulation
The EU are currently discussing a new Regulation that will provide uniform data
protection across Europe. It impacts all forms of direct marketing and includes...
An ‘opt-in’ only regime
The Regulation would prohibit any use of personal data for commercial direct
marketing purposes without consent. Both B2B and B2C.
The introduction of a new ‘right to be forgotten’
Which means individuals can request their data is deleted and not even used for
the purpose of suppression.
Limits on profiling
The Regulation would limit any type of profiling of individuals that has a significant
effect for the individual.
SCi Sales Group has a campaign asking the government to exclude
B2B data from the Regulation. Please sign our official online petition
by visiting www.Not4B2B.com
”
If it’s not relevant to your customers
you don’t just lose a sale, you damage your brand“
Big Data and SCV enable you to send more relevant messages... and relevance is
important.
A recent study* looked at the relationship between customers and companies who
already held some of their personal information. The customers stated:
•
•
would shift their business to a competitor if a company kept
sending them irrelevant offers and communications.80%
86%
88%
would withdraw permission for a company to contact them in
future if it continued to send irrelevant communication.
would refuse to hand over further details on themselves if a
company kept sending offers they found to be irrelevant.
* Source: Transactis, 2012
Relevance
“ ”
Relevance
“ ”
•
•
As well as improving brand relationships, relevance also increases response
on all forms of B2B marketing. The more relevant the message, the more likely
a customer will engage.
Relevance can lift open rates on email by 400% and click rates by 300%.
Source: SCi Sales Group, 2011 n = 8,096
Relevance
“ ”
Unmatched data
Only partially matches profile
Matched data
Fully matches profile
Relevant association
Relevant trade association data
• Relevance also impacts telemarketing. The chart below shows the result of
using relevant data that matches a target profile.
Source: SCi Sales Group, 2011 n = 3,253
Relevance
“ ”
Even the most basic information can be used to add relevance. Here’s an example
of a company targeting car dealers.
During a sales call to a car dealer in St. Albans you might mention the number of
dealers you have nationwide. But it may be more relevant to highlight how many
you have in St. Albans because dealers tend to compete locally.
Segmenting the list also adds relevance. For example, Rolls Royce dealers will
have different sales objections to Fiat 500 dealers. So grouping dealers by car
brand will help maximise objection handling during a telemarketing campaign.
•
•
•
”
The secret of content marketing is to tell, not sellThe secret of content marketing is to tell, not sell
“
Content
“ ”
•
•
•
Content marketing is the delivery of knowledge and opinion to your customers,
helping them to make informed decisions and positioning your company as experts.
It is a useful tool for lead generation, but exceptionally good on long sales cycles
and lead nurturing (where keeping the customer engaged is paramount).
Content delivered at the Prospect and Lead stage is very effective, as this is when
Buyers are considering the ‘What’ and ‘Who’ questions.
Content
“ ”
Executives and buyers are bombarded by marketing messages every day. They are
increasingly selective in which messages they act upon.
Content marketing has higher engagement rates as it provides useful information
that can help buyers and executives in their decision-making.
On email campaigns it can double open rates and improve clicks by almost 500%.
•
•
•
Source: SCi Sales Group, 2011 n = 28,082
Content
“ ”
Research* shows that 80% of leads are not followed-up by sales teams. Content
helps to keep leads engaged during long sales cycles, until they are BANT qualified
and sales ready.
Nurture programmes such as LeadNurturePlus are delivering outstanding results.
The chart below shows the effects of nurture and content on a monthly email
campaign.
•
•
Source: SCi Sales Group, 2011
* Source: Sirius Decisions, 2011
** BANT = Budget, Authority, Need, Timescale.
Content contains advice, information, research and facts that can position your
company as experts.
For a company that targets car dealers, content can generate leads but it can also
be used post-Sales as part of a customer relationship programme.
So email newsletters and blogs could be produced containing...
•
•
1. Research on what attracts customer to a car dealer
2. Help on how to read buying signals from customers
3. Advice on positioning point of sale material for maximum effect
Content
“ ”
Content
“ ”
How will data drive B2B marketing campaigns in the future?
The volume of customer data is increasing rapidly. Big Data and a single customer
view will become a standard requirement. The EU Data Regulation will have a
dramatic effect on B2B direct marketing – visit www.Not4B2B.com to see how.
Why content is essential in lead nurture and long sales cycles.
Content-marketing is already improving response on email campaigns. As
executives are bombarded by marketing they are increasingly selective about
engaging with companies. Delivering useful content will become the only way to
maintain contact on long sales cycles and during lead nurture programmes.
What’s the impact of relevance-based marketing?
Relevant data alone can increase response by as much as 8 times, and relevant
messages can deliver response rates over 25%. Adding relevance into the mix also
improves brand relationships.
Established in 2002, SCi Sales Group began life as a
B2B telemarketing agency and has grown to become a
leading sales acceleration specialist within EMEA.
We have added other offline/online marketing tools to
our portfolio, and can act as an outsourced extension of
your sales force or a supplier of insourced sales talent.
www.scisalesgroup.com
For further information, please visit our website or sign-
up to our newsletter – www.scisalesgroup.com/contact

How Data, Relevance and Content are transforming B2B marketing

  • 1.
    How Data, Relevanceand Content are transforming B2B marketing
  • 2.
    Data, Relevance andContent “ ” How will data drive B2B marketing campaigns in the future? What’s the impact of relevance based marketing? Why content is essential in lead nurture and long sales cycles. • • •
  • 3.
    ”” It no longermakes economic senseIt no longer makes economic sense to send an advertising message to the manyto send an advertising message to the many in the hope of persuading the fewin the hope of persuading the few ““ M. Lawrence Light,M. Lawrence Light, Chief Marketing Officer, McDonaldsChief Marketing Officer, McDonalds
  • 4.
    Data “ ” • • • • • Data enablesyou to target individual customers who have the highest propensity to consume your product or service. Better targeting is achieved through a ‘single customer view’ or SCV. Every day companies gather information on customers and store it in different databases, different departments and even different buildings. An SCV seeks to merge all that data into one point that is accessible by all. But there has been an explosion in the volume of data (partly due to the increase in digital marketing) and ‘Big Data’ has an impact on SCV. According to Bryan Eisenberg, Founder of the Digital Analytics Association, the world is now generating more data in 2 days than in all the days before 2003.
  • 5.
    Data “ ” • • • Duncan Stuart,Director at Deloitte Canada, confirms there are compelling reasons for companies to pursue Big Data... With SCV companies have a platform that can profile, segment and enhance data to make the most of the intelligence a unified view provides – and with Big Data they can do it in real-time. Big Data and SCV require accurate customer data in order to maximise their potential and return on investment. Bad data makes the whole system redundant. “Instead of looking at my customer’s behaviour once a month, I can look at it every minute of every day. That kind of insight is very, very powerful. It allows me to serve my customer better.”
  • 6.
    Data “ ” The impactof bad data on a telemarketing campaign can be seen in the chart opposite. As the volume of bad data increases so the response rate can drop by as much as 28.57%. The solution is to ensure your B2B customer data is accurate, and the best tool for data cleansing is telemarketing. Telemarketing can be more revealing. Interviewers can elicit more complete and substantive answers, as well as ask for clarification and elaboration on responses. Something that is not possible with email, direct mail or a web page. Bad data is an excluded call, i.e. the sales agent made contact and was able to establish the company did not meet the target criteria (wrong industry sector, wrong size, etc.) Source: SCi Sales Group, 2011 n = 53,400
  • 7.
    Data “ ” • • • EU DataRegulation The EU are currently discussing a new Regulation that will provide uniform data protection across Europe. It impacts all forms of direct marketing and includes... An ‘opt-in’ only regime The Regulation would prohibit any use of personal data for commercial direct marketing purposes without consent. Both B2B and B2C. The introduction of a new ‘right to be forgotten’ Which means individuals can request their data is deleted and not even used for the purpose of suppression. Limits on profiling The Regulation would limit any type of profiling of individuals that has a significant effect for the individual. SCi Sales Group has a campaign asking the government to exclude B2B data from the Regulation. Please sign our official online petition by visiting www.Not4B2B.com
  • 8.
    ” If it’s notrelevant to your customers you don’t just lose a sale, you damage your brand“
  • 9.
    Big Data andSCV enable you to send more relevant messages... and relevance is important. A recent study* looked at the relationship between customers and companies who already held some of their personal information. The customers stated: • • would shift their business to a competitor if a company kept sending them irrelevant offers and communications.80% 86% 88% would withdraw permission for a company to contact them in future if it continued to send irrelevant communication. would refuse to hand over further details on themselves if a company kept sending offers they found to be irrelevant. * Source: Transactis, 2012 Relevance “ ”
  • 10.
    Relevance “ ” • • As wellas improving brand relationships, relevance also increases response on all forms of B2B marketing. The more relevant the message, the more likely a customer will engage. Relevance can lift open rates on email by 400% and click rates by 300%. Source: SCi Sales Group, 2011 n = 8,096
  • 11.
    Relevance “ ” Unmatched data Onlypartially matches profile Matched data Fully matches profile Relevant association Relevant trade association data • Relevance also impacts telemarketing. The chart below shows the result of using relevant data that matches a target profile. Source: SCi Sales Group, 2011 n = 3,253
  • 12.
    Relevance “ ” Even themost basic information can be used to add relevance. Here’s an example of a company targeting car dealers. During a sales call to a car dealer in St. Albans you might mention the number of dealers you have nationwide. But it may be more relevant to highlight how many you have in St. Albans because dealers tend to compete locally. Segmenting the list also adds relevance. For example, Rolls Royce dealers will have different sales objections to Fiat 500 dealers. So grouping dealers by car brand will help maximise objection handling during a telemarketing campaign. • • •
  • 13.
    ” The secret ofcontent marketing is to tell, not sellThe secret of content marketing is to tell, not sell “
  • 14.
    Content “ ” • • • Content marketingis the delivery of knowledge and opinion to your customers, helping them to make informed decisions and positioning your company as experts. It is a useful tool for lead generation, but exceptionally good on long sales cycles and lead nurturing (where keeping the customer engaged is paramount). Content delivered at the Prospect and Lead stage is very effective, as this is when Buyers are considering the ‘What’ and ‘Who’ questions.
  • 15.
    Content “ ” Executives andbuyers are bombarded by marketing messages every day. They are increasingly selective in which messages they act upon. Content marketing has higher engagement rates as it provides useful information that can help buyers and executives in their decision-making. On email campaigns it can double open rates and improve clicks by almost 500%. • • • Source: SCi Sales Group, 2011 n = 28,082
  • 16.
    Content “ ” Research* showsthat 80% of leads are not followed-up by sales teams. Content helps to keep leads engaged during long sales cycles, until they are BANT qualified and sales ready. Nurture programmes such as LeadNurturePlus are delivering outstanding results. The chart below shows the effects of nurture and content on a monthly email campaign. • • Source: SCi Sales Group, 2011 * Source: Sirius Decisions, 2011 ** BANT = Budget, Authority, Need, Timescale.
  • 17.
    Content contains advice,information, research and facts that can position your company as experts. For a company that targets car dealers, content can generate leads but it can also be used post-Sales as part of a customer relationship programme. So email newsletters and blogs could be produced containing... • • 1. Research on what attracts customer to a car dealer 2. Help on how to read buying signals from customers 3. Advice on positioning point of sale material for maximum effect Content “ ”
  • 18.
    Content “ ” How willdata drive B2B marketing campaigns in the future? The volume of customer data is increasing rapidly. Big Data and a single customer view will become a standard requirement. The EU Data Regulation will have a dramatic effect on B2B direct marketing – visit www.Not4B2B.com to see how. Why content is essential in lead nurture and long sales cycles. Content-marketing is already improving response on email campaigns. As executives are bombarded by marketing they are increasingly selective about engaging with companies. Delivering useful content will become the only way to maintain contact on long sales cycles and during lead nurture programmes. What’s the impact of relevance-based marketing? Relevant data alone can increase response by as much as 8 times, and relevant messages can deliver response rates over 25%. Adding relevance into the mix also improves brand relationships.
  • 19.
    Established in 2002,SCi Sales Group began life as a B2B telemarketing agency and has grown to become a leading sales acceleration specialist within EMEA. We have added other offline/online marketing tools to our portfolio, and can act as an outsourced extension of your sales force or a supplier of insourced sales talent. www.scisalesgroup.com For further information, please visit our website or sign- up to our newsletter – www.scisalesgroup.com/contact