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FUEL that Powers B2B Marketing from
Lead Generation to Sales Conversion

March 17, 2011
FUEL that Powers B2B Marketing from
     Lead Generation to Sales Conversion

     March 17, 2011




Sponsored by:
Introductions
                • Jen Doyle, Senior Research Analyst, MarketingSherpa
                        @JenLDoyle
                        Jen.Doyle@MECLABS.com




                • Kirsten Knipp, Director Product Evangelism, HubSpot
                         @kirstenpetra
                         kknipp@hubspot.com




Sponsored by:
Today’s agenda
    •   Setting the stage for B2B Marketing Success | FUEL that powers marketing
        effectiveness from lead generation to sales conversion

    •   Building a foundation for lead generation and nurturing programs
         • Persona-based messaging for killer content

    •   The effectiveness of lead generation tactics

    •   Secrets to High ROI Lead Generation
         • Which tactics drive more leads for less money?

    •   Lead nurturing strategies
         • Content delivery based on stages of consideration




Sponsored by:
Research Background
    • Over 900 B2B marketers surveyed on:
       • Top challenges
       • Best marketing tactics
       • Lead scoring, nurturing and management
       • Marketing automation
       • Marketing analysis
       • Marketing operations
    • Key finding: The B2B marketing environment is changing and becoming
      increasingly challenging
    • Result of this study – MarketingSherpa’s FUEL methodology to power
      marketing effectiveness from lead generation to sales conversion




Sponsored by:
The Growing Challenges facing B2B Marketers
                                                  2009                             2010


           Generating high-quality leads
                                                                                          69%         • B2B marketing challenges
                                                                                                78%
                                                                                                        are becoming more
      Generating a high volume of leads
                                                                      35%
                                                                            44%
                                                                                                        pertinent to organizations
                                                                                                        over time
                                                                       39%
   Marketing to a lengthening sales cycle
                                                                         41%


          Generating perceived value in                               37%                             • Balancing quality and
         “cutting-edge” product benefits                              37%                               quantity of leads
                                                                   33%                                  generated
      Generating public relations “buzz”
                                                                      36%


    Competing in lead generation across
             multiple media
                                                                27%
                                                                      36%
                                                                                                      • Sales cycles becoming
                                                                                                        more complex
    Marketing to a growing number of                               33%
   people involved in the buying process                            34%

                          Source: MarketingSherpa B2B Marketing Benchmark Survey
                          Methodology: Fielded Aug 2010, N=935




Sponsored by:
Sponsored by:
Sponsored by:
FUEL Up…….. and Drive Effectiveness
       Find and attract        Uncover qualified      Establish automated
                                                                                Lift results
            leads                   leads             marketing processes


              Building a
                                   Bridging the gap          How to select
         foundation for your                                                      Lead generation
                                  between Marketing           marketing
           lead generation                                                            analysis
                                       and Sales          automation software
              programs


                                                               Marketing
                                   Identifying the
         Mastering essential                                  automation
                                   Marketing-Sales                              Automation analysis
          lead generation                                 implementation and
                                       funnel
                                                                upkeep




          How to select your       Identifying and
                                                                                Metrics that matter
         lead generation mix       qualifying leads




                                                                                Delivering marketing
                                   Harvesting high                              value to the C-Suite
                                    quality leads                                   & marketing
                                                                                     leadership




Sponsored by:
Who are you Targeting? Identifying Buyer
    Personas
    • Why do we need buyer personas?




Sponsored by:
Who are you Targeting? Identifying Buyer
    Personas

    • What is a buyer persona?

           A detailed profile that represents an
           actual, real-life group of your target
           audience. It includes common interests,
                               1
           motivators and expectations, as well as
           demographic and other behavioral
           characteristics.




Sponsored by:
Who are you Targeting? Identifying Buyer
    Personas
    • Isn’t that the same as a target market?



           A target market is a profile typically
           based on demographics, such as
           location, company size, annual
           revenue, etc. Buyer personas are
           more in-depth profiles that include
           behavioral characteristics.




  Target market dictates the list, buyer personas dictate what
               content is delivered to that list.
Sponsored by:
Key Buyer Persona Traits
    Demographic traits                  Behaviors
       • Job title & responsibilities      • Key concerns for purchase
       • Organization size /               • Interests
         department size                   • Motivation
       • Primary market                    • Expectations
         (B2B, B2C, B2B2C)                 • Decision-making authority
       • Industry                          • Approvals needed for purchase
       • Location                          • Urgency
       • Budget                            • Goals
                                           • Familiarity with product / service
                                           • Pain points & challenges
                                           • Validation needed for purchase


Sponsored by:
10
    Researching Buyer Personas
                • Step 1 – Ask customer-facing departments
Qualitative     • Step 2 – Ask prospects
Research
                • Step 3 – Ask customers
                • Step 4 - Mine in-house database
                • What to look for:
                   • Common traits for ideal customers
Quantitative
Research               • Large deal sizes, short timeframes to purchase, most
                          repeat purchases, etc.
                   • Common traits for undesirable customers
                       • Returns or refunds, smallest deal sizes, longest
                          timeframes to purchase
                • What’s the difference?
                         TIP: DOCUMENT YOUR RESEARCH
Sponsored by:
Sample buyer personas
  Ideal customer - The B2C retailer with ample resources
  in house, seeking a comprehensive platform to deploy
  promotional emails to a large list of over 100,000
  contacts. They tend to have a solution in place but are
  seeking a more in-depth product. Their organization has
  over 500 employees. This buyer “gets it” and has a clear
  understanding and value for the benefits of the product.
  This buyer has ample resources both financial and
  departmental.

   Worst customer - The small business owner with limited marketing resources
   and experience. This buyer thinks email marketing should be inexpensive and
   they want to deploy messages to a list with fewer than 10,000 subscribers.
   This buyer is relatively unfamiliar with the benefits of the product over their
   current free email system.




Sponsored by:
Plotting the Buyer Persona Quadrant
                           Additional persona                                                      Ideal customer
            The B2B2C marketer who is fairly educated with the benefits of           The B2C retailer with ample resources in house, seeking a
             the product. They often have a solution in-house that they are      comprehensive platform to deploy promotional emails to a large
            unhappy with. This buyer has a medium to large sized house list        list of over 100,000 contacts. They tend to have a solution in
                           of 30,000 to 100,000 subscribers.                            place but are seeking a more in-depth product. Their
                                                                                  organization has over 500 employees. This buyer “gets it” and
                                                                                     has a clear understanding and value for the benefits of the
                                                                                    product. This buyer has ample resources both financial and
Potential                                                                                                  departmental.
deal size

                              Worst customer                                                   Additional persona
             The small business owner with limited Marketing resources and       The B2B marketer with limited resources in house, seeking a cost
                 experience. This buyer thinks email marketing should be           effective, user-friendly system to deploy monthly newsletters
               inexpensive and they want to deploy messages to a list with         and promotions. This buyer has a clear understanding of the
            fewer than 10,000 subscribers. This buyer is relatively unfamiliar    benefits and hopes to make a quick purchasing decision. They
              with the benefits of the product over their current free email      may say they “needed a solution yesterday.” Their organization
                                         system.                                                     has less than 100 employees.




                                       Education / understanding of key benefits

Sponsored by:
Creating the Killer Value Proposition
    • What is a value proposition?


                         Your value proposition should define the
                            key reason why you become the best
                         choice for your ideal customer. It should
                         clearly communicate what your company
                          does and the unique benefits you have
                                   over the competition.




Sponsored by:
Questions to Consider in Developing Value
    Propositions

    1.   What does our company do?
            - Provide a clear and concise explanation of the product or service
            your company provides

    2.   Why should buyers that meet our ideal customer profile buy from us and
         not one of our competitors?
             - What key differentiator makes your solution unique and better
               than your competition for your ideal customer?




Sponsored by:
Sample Value Propositions
     “(Company A) executes proven tactics that guarantee an increase in qualified traffic
     from organic search”
                                                               -SEO agency



     “(Product B) is a premium accounting software solution that enables organizations
     to streamline all of their accounting processes from payroll to receivables.”

                                            -Accounting software solution provider



     “(Company C) is the office supply solution standard and a true must-have for today’s
     busy organization.”
                                                       -Office supply provider



Sponsored by:
Delivering the Message with High Quality Content
      Repurposing and
        reformatting                                                                           64%
                                                                                                     • Best practices in
      existing content                                                                                 developing marketing
        Encouraging
                                                                                                       content
       customers to
                                                                                         53%
    submit testimonials
      and case studies
                                                                                                     • Repurposing and
    Recruiting authors
      internally from                                                              48%
                                                                                                       reformatting existing
    other departments                                                                                  content
      Outsourcing to a

                                                                                                     • Recruiting authors
       consultant or                                      27%
          agency

                                                                                                       internally from other
     Utilizing social
   media to encourage
                                                  20%
                                                                                                       departments
   brand advocates to
    produce content


                          Source: MarketingSherpa B2B Marketing Benchmark Survey
                          Methodology: Fielded Aug 2010, N=935
                                                                                                     • Outsourcing to an agency


Sponsored by:
Supporting Content Development with Research
    Research
    • What subject matter is going to be both interesting and valuable to our
       audience?
    • What topics does our audience want to learn about?
    • Are there any opportunities for us to fill a void?
    • What language do they use in their discussions
       related to our product or service?
    • What formats do they prefer?
        • Articles
        • Videos
        • Podcasts
        • Images
        • Etc.


Sponsored by:
Supporting Content Development with Research
    Start by developing a list of targeted key terms including:
        •   Products
        •   Services
        •   Industry sectors
        •   Technologies
        •   Competitors
        •   Brands
        •   Key issues
        •   Industry experts
        •   Key employees
        •   Recent press releases
        •   Key needs and concerns of your audience


    Where can we find this information?


Sponsored by:
The Effectiveness of B2B Marketing Tactics
                                    Very effective          Somewhat effective               Not effective
Website design, management and                                                                                 • The importance of website
                                                      50%                              43%                7%
          optimization
                                                                                                                 design, management and
       Virtual events / webinars                  43%                             48%                   9%
                                                                                                                 optimization
                Email marketing                   40%                             55%                     5%

Search engine optimization (SEO)                36%                              57%                      7%

                  Telemarketing               35%                            53%                     12%
                                                                                                               • Growing trend of utilizing
                 Public relations             31%                            60%                        9%
                                                                                                                 inbound marketing tactics
                    Tradeshows              25%                       52%                        22%

               Paid search (PPC)           23%                        56%                           20%        • The effectiveness of social
                     Direct mail          22%                        56%                          21%            media
                   Social media         16%                        59%                           25%

                Print advertising     10%                    56%                              34%

                        Source: MarketingSherpa B2B Marketing Benchmark Survey
                        Methodology: Fielded Aug 2010, N=935




Sponsored by:
The Allocation of B2B Marketing Budgets
Website design, management
     and optimization
                                                                                                    13%   • The expense of website
                 Tradeshows                                                                       12%
                                                                                                            design, management and
            Email marketing                                                                      12%        optimization
  Search engine optimization
                                                                                           11%
            (SEO)
           Paid search (PPC)                                                          9%
                                                                                                          • The expense of trade shows
                  Direct mail                                                    8%

             Public relations                                              7%

              Telemarketing                                                7%
                                                                                                          • Email marketing
                Social media                                          7%
                                                                                                            effectiveness and expense
Marketing automation / lead
                                                                    6%
        nurturing
            Print advertising                                    6%                                       • SEO – no cost-per-click but
    Virtual events / webinars                          4%                                                   not free
                        Source: MarketingSherpa B2B Marketing Benchmark Survey
                        Methodology: Fielded Aug 2010, N=935




Sponsored by:
Inbound Marketing Workshop
        Secrets to High ROI Lead Generation




Sponsored by:
Effectiveness of Inbound B2B Marketing
                      Tactics                              Very effective                    Somewhat effective                     Not effective
         Inbound Marketing
      Website design, management and optimization                                  50%                                        43%                      7%

                          Virtual events / webinars                           43%                                       48%                           9%

                                  Email marketing                            40%                                        55%                                5%

                  Search engine optimization (SEO)                       36%                                        57%                                7%

                                    Telemarketing                        35%                                      53%                                12%

                                   Public relations                    31%                                        60%                                 9%

                                       Tradeshows                  25%                                  52%                                   22%

                                 Paid search (PPC)                23%                                   56%                                    20%

                                        Direct mail              22%                                    56%                                   21%

                                      Social media           16%                                  59%                                        25%

                                  Print advertising       10%                               56%                                        34%


                                   Source: MarketingSherpa B2B Marketing Benchmark Survey
                                   Methodology: Fielded Aug 2010, N=935




Sponsored by:
Inbound Marketing Workshop
                  What is Inbound?




Sponsored by:
Traditional (Outbound) Marketing . . . is
                    Dying
                                               CALLER ID:
                                              800-555-1234
                                                Annoying
                                              Salesperson




                Interruptions get ignored …
Sponsored by:
Why is Inbound Thriving?




Sponsored by:
29
Inbound Your Way to Lower Cost Leads




                     Source: HubSpot 2011 State of Inbound Marketing Report



Sponsored by:
Fix Your Mix & Optimize for Your Sales
                           Cycle
                               Efficacy                                                                              Budget Allocation
                         Very effective         Somewhat effective          Not effective                Website…
                                                                                                                                                                                 13%
                 Website…                 50%                       43%              7%              Tradeshows                                                               12%
 Virtual events / webinars             43%                       48%                9%           Email marketing                                                             12%
         Email marketing               40%                        55%                5%            Search engine…                                                      11%
           Search engine…            36%                        57%                  7%         Paid search (PPC)                                               9%
           Telemarketing             35%                      53%                 12%                 Direct mail                                          8%
          Public relations         31%                        60%                   9%            Public relations                                       7%
              Tradeshows         25%                    52%                    22%                 Telemarketing                                      7%
        Paid search (PPC)        23%                    56%                    20%                  Social media                                    7%
               Direct mail       22%                    56%                    21%          Marketing automation…                                6%
             Social media      16%                   59%                      25%                Print advertising                             6%
         Print advertising   10%                 56%                        34%                   Virtual events /…                   4%
                   Source: MarketingSherpa B2B Marketing Benchmark Survey
                   Methodology: Fielded Aug 2010, N=935                                                       Source: MarketingSherpa B2B Marketing Benchmark Survey
                                                                                                              Methodology: Fielded Aug 2010, N=935




Sponsored by:
31
Outbound Channels are Most Expensive




Sponsored by:
Inbound Leads Cost the Least




Sponsored by:
Inbound Marketing Workshop
                Executing on Inbound Tactics




Sponsored by:
What do these have in common?


                Website /
                  SEO            Email

                       Webinar

Sponsored by:
35
Create, Repurpose & Publish
                         Everything
•   Blog Posts
•   Photos
•   Podcasts
•   Videos
•   Presentations
•   Webinars
•   eBooks
•   News Releases

Sponsored by:
Increase Frequency to Get More Leads




Sponsored by:
Use Content to Draw People Down the Funnel


          SUSPECT: Just Browsing, Attract Me

                PROSPECT: Learning More
                      LEAD: Interested
                           Nurture & Engage




         1) Different depth & value of content at each stage
     2) Different willingness to share personal data at each stage

Sponsored by:
38
Content for Suspects




Sponsored by:
39
Content for Prospects




Sponsored by:
40
Content for Leads




Sponsored by:
41
Inbound Marketing Workshop
                What works for HubSpot?




Sponsored by:
Lead Generation Vehicles | Test What Works!

                       2010 New
                                           Conversion to
        OFFER            Leads
                                             Customer
                       Generated
 2010 eBooks                     30,000+               Moderate
 2010 Webinars                   25,000+
                                                  Moderate - High
 2010 Kits                       15,000+          Moderate - High
 2010 Free Trials                 5,000+                     High

                       Quality         Quantity

Sponsored by:
43
Elements of a Successful Webinar




Sponsored by:
44
Why eBooks & Webinars are Like PB & J

                • Webinars = Base of an eBook
                  – Transcribe webinars … create eBooks
                    faster
                • Co-Promotion / Serial Promotion
                • eBooks Convert Higher due to
                  lower time commitment – also
                  easy to share


Sponsored by:
45
Consider a Kit for a ‘Full Blown Meal’

        • Kits combine a variety of single-topic
          content in one package
            – Blog Posts
            – Videos
            – Webinars
            – eBooks
            – Etc
        • Great indictor of interests & challenges

Sponsored by:
46
Whichever Tactic | Nurture Those Leads
     • Additional Content is ‘New to Them’
     • Staying in Touch is Proven To:
        –Shorten sales cycles
        –Improve close rates
        –Increase deal sizes




Sponsored by:
47
Harvesting High-Quality Leads with Lead Nurturing
    • What is lead nurturing?
    • Ongoing nurturing
        -Consistent communications intended to
        keep brands on prospects minds
    • Outreach nurturing
        - Captures new leads, permissions,
        additional data, etc.
    • Engagement nurturing
      - Targets early stage prospects to build
      stronger relationships and increase interest
    • Conversion nurturing
        - Targets later stage prospects to convert
    • New customer nurturing…

Sponsored by:
What is Lead Nurturing, and What Isn’t?
     Lead nurturing IS                                        Lead nurturing IS NOT

     Providing valuable, relevant and timely content to       Continually sending promotions to your audience
     your audience

     Segmenting your audience to deliver the most             Sending one monthly newsletter out to an entire
     relevant content to various segments                     database, without any regard to segmentation

     Calling leads to notify them of a valuable article, or   Calling leads once a month to “touch base” and see if
     having another valid business reason to make the call    they are ready to buy



     Offering content of value to your audience, whether      Offering only self-promotional whitepapers or product
     it’s self-promotional or not                             brochures

     Providing valuable content and communications to     Intending to encourage a purchase of your product or
     your audience, whether or not they ever buy from you service with every interaction




Sponsored by:
Six Steps for Establishing Lead Nurturing Campaigns
    Step #1 – Define segments
        • Deliver highly relevant content by segmenting on multiple factors, and
           developing unique lead nurturing tracks for segments
        • Buyer personas identify traits, interests and needs
        • Balance buyer personas with buying cycle stage – ongoing, outreach,
           engagement, conversion and new customer nurturing
    Step #2 – Collect and develop content
        • Audit your library of existing content
        • Develop content that meets the interests and needs of various buyer
           personas in specific buying cycle stages




Sponsored by:
Six Steps for Establishing Lead Nurturing Campaigns
    Step #3 – Add a human touch with teleprospecting
        • Collect prospect information - Outreach nurturing
        • Teleprospecting VS telemarketing
    Step #4 – Further expand the types of lead nurturing touch points
        • Deliver content in the preferred formats of your segments
        • Consider original lead generation campaigns
    Step #5 – Perfect your timing
        • Deliver content to various segments when they need it the most
        • Timing & frequency of delivery
        • Scheduled & triggered nurturing messages
        • Make an educated guess for launch
    Step #6 – Test, test and test again


Sponsored by:
Drafting Lead Nurturing Content
                                                Stage of the buying cycle

                                  Ongoing   Outreach      Engagement   Conversion   New customer
                Buyer persona 1



  Buyer
  personas
                Buyer persona 2




                Buyer persona 3




                Buyer persona 4




Sponsored by:
Key Takeaways

                    • Take a comprehensive approach for
                    greatest results


                    • The importance of segmentation


                    • Developing high-quality content




Sponsored by:
Questions?
                • Jen Doyle, Senior Research Analyst, MarketingSherpa
                        @JenLDoyle
                        Jen.Doyle@MECLABS.com




                • Kirsten Knipp, Director Product Evangelism, HubSpot
                         @kirstenpetra
                         kknipp@hubspot.com




Sponsored by:

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How to FUEL Marketing Effectiveness from Lead Generation to Sales Conversion

  • 1. FUEL that Powers B2B Marketing from Lead Generation to Sales Conversion March 17, 2011
  • 2. FUEL that Powers B2B Marketing from Lead Generation to Sales Conversion March 17, 2011 Sponsored by:
  • 3. Introductions • Jen Doyle, Senior Research Analyst, MarketingSherpa @JenLDoyle Jen.Doyle@MECLABS.com • Kirsten Knipp, Director Product Evangelism, HubSpot @kirstenpetra kknipp@hubspot.com Sponsored by:
  • 4. Today’s agenda • Setting the stage for B2B Marketing Success | FUEL that powers marketing effectiveness from lead generation to sales conversion • Building a foundation for lead generation and nurturing programs • Persona-based messaging for killer content • The effectiveness of lead generation tactics • Secrets to High ROI Lead Generation • Which tactics drive more leads for less money? • Lead nurturing strategies • Content delivery based on stages of consideration Sponsored by:
  • 5. Research Background • Over 900 B2B marketers surveyed on: • Top challenges • Best marketing tactics • Lead scoring, nurturing and management • Marketing automation • Marketing analysis • Marketing operations • Key finding: The B2B marketing environment is changing and becoming increasingly challenging • Result of this study – MarketingSherpa’s FUEL methodology to power marketing effectiveness from lead generation to sales conversion Sponsored by:
  • 6. The Growing Challenges facing B2B Marketers 2009 2010 Generating high-quality leads 69% • B2B marketing challenges 78% are becoming more Generating a high volume of leads 35% 44% pertinent to organizations over time 39% Marketing to a lengthening sales cycle 41% Generating perceived value in 37% • Balancing quality and “cutting-edge” product benefits 37% quantity of leads 33% generated Generating public relations “buzz” 36% Competing in lead generation across multiple media 27% 36% • Sales cycles becoming more complex Marketing to a growing number of 33% people involved in the buying process 34% Source: MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded Aug 2010, N=935 Sponsored by:
  • 9. FUEL Up…….. and Drive Effectiveness Find and attract Uncover qualified Establish automated Lift results leads leads marketing processes Building a Bridging the gap How to select foundation for your Lead generation between Marketing marketing lead generation analysis and Sales automation software programs Marketing Identifying the Mastering essential automation Marketing-Sales Automation analysis lead generation implementation and funnel upkeep How to select your Identifying and Metrics that matter lead generation mix qualifying leads Delivering marketing Harvesting high value to the C-Suite quality leads & marketing leadership Sponsored by:
  • 10. Who are you Targeting? Identifying Buyer Personas • Why do we need buyer personas? Sponsored by:
  • 11. Who are you Targeting? Identifying Buyer Personas • What is a buyer persona? A detailed profile that represents an actual, real-life group of your target audience. It includes common interests, 1 motivators and expectations, as well as demographic and other behavioral characteristics. Sponsored by:
  • 12. Who are you Targeting? Identifying Buyer Personas • Isn’t that the same as a target market? A target market is a profile typically based on demographics, such as location, company size, annual revenue, etc. Buyer personas are more in-depth profiles that include behavioral characteristics. Target market dictates the list, buyer personas dictate what content is delivered to that list. Sponsored by:
  • 13. Key Buyer Persona Traits Demographic traits Behaviors • Job title & responsibilities • Key concerns for purchase • Organization size / • Interests department size • Motivation • Primary market • Expectations (B2B, B2C, B2B2C) • Decision-making authority • Industry • Approvals needed for purchase • Location • Urgency • Budget • Goals • Familiarity with product / service • Pain points & challenges • Validation needed for purchase Sponsored by:
  • 14. 10 Researching Buyer Personas • Step 1 – Ask customer-facing departments Qualitative • Step 2 – Ask prospects Research • Step 3 – Ask customers • Step 4 - Mine in-house database • What to look for: • Common traits for ideal customers Quantitative Research • Large deal sizes, short timeframes to purchase, most repeat purchases, etc. • Common traits for undesirable customers • Returns or refunds, smallest deal sizes, longest timeframes to purchase • What’s the difference? TIP: DOCUMENT YOUR RESEARCH Sponsored by:
  • 15. Sample buyer personas Ideal customer - The B2C retailer with ample resources in house, seeking a comprehensive platform to deploy promotional emails to a large list of over 100,000 contacts. They tend to have a solution in place but are seeking a more in-depth product. Their organization has over 500 employees. This buyer “gets it” and has a clear understanding and value for the benefits of the product. This buyer has ample resources both financial and departmental. Worst customer - The small business owner with limited marketing resources and experience. This buyer thinks email marketing should be inexpensive and they want to deploy messages to a list with fewer than 10,000 subscribers. This buyer is relatively unfamiliar with the benefits of the product over their current free email system. Sponsored by:
  • 16. Plotting the Buyer Persona Quadrant Additional persona Ideal customer The B2B2C marketer who is fairly educated with the benefits of The B2C retailer with ample resources in house, seeking a the product. They often have a solution in-house that they are comprehensive platform to deploy promotional emails to a large unhappy with. This buyer has a medium to large sized house list list of over 100,000 contacts. They tend to have a solution in of 30,000 to 100,000 subscribers. place but are seeking a more in-depth product. Their organization has over 500 employees. This buyer “gets it” and has a clear understanding and value for the benefits of the product. This buyer has ample resources both financial and Potential departmental. deal size Worst customer Additional persona The small business owner with limited Marketing resources and The B2B marketer with limited resources in house, seeking a cost experience. This buyer thinks email marketing should be effective, user-friendly system to deploy monthly newsletters inexpensive and they want to deploy messages to a list with and promotions. This buyer has a clear understanding of the fewer than 10,000 subscribers. This buyer is relatively unfamiliar benefits and hopes to make a quick purchasing decision. They with the benefits of the product over their current free email may say they “needed a solution yesterday.” Their organization system. has less than 100 employees. Education / understanding of key benefits Sponsored by:
  • 17. Creating the Killer Value Proposition • What is a value proposition? Your value proposition should define the key reason why you become the best choice for your ideal customer. It should clearly communicate what your company does and the unique benefits you have over the competition. Sponsored by:
  • 18. Questions to Consider in Developing Value Propositions 1. What does our company do? - Provide a clear and concise explanation of the product or service your company provides 2. Why should buyers that meet our ideal customer profile buy from us and not one of our competitors? - What key differentiator makes your solution unique and better than your competition for your ideal customer? Sponsored by:
  • 19. Sample Value Propositions “(Company A) executes proven tactics that guarantee an increase in qualified traffic from organic search” -SEO agency “(Product B) is a premium accounting software solution that enables organizations to streamline all of their accounting processes from payroll to receivables.” -Accounting software solution provider “(Company C) is the office supply solution standard and a true must-have for today’s busy organization.” -Office supply provider Sponsored by:
  • 20. Delivering the Message with High Quality Content Repurposing and reformatting 64% • Best practices in existing content developing marketing Encouraging content customers to 53% submit testimonials and case studies • Repurposing and Recruiting authors internally from 48% reformatting existing other departments content Outsourcing to a • Recruiting authors consultant or 27% agency internally from other Utilizing social media to encourage 20% departments brand advocates to produce content Source: MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded Aug 2010, N=935 • Outsourcing to an agency Sponsored by:
  • 21. Supporting Content Development with Research Research • What subject matter is going to be both interesting and valuable to our audience? • What topics does our audience want to learn about? • Are there any opportunities for us to fill a void? • What language do they use in their discussions related to our product or service? • What formats do they prefer? • Articles • Videos • Podcasts • Images • Etc. Sponsored by:
  • 22. Supporting Content Development with Research Start by developing a list of targeted key terms including: • Products • Services • Industry sectors • Technologies • Competitors • Brands • Key issues • Industry experts • Key employees • Recent press releases • Key needs and concerns of your audience Where can we find this information? Sponsored by:
  • 23. The Effectiveness of B2B Marketing Tactics Very effective Somewhat effective Not effective Website design, management and • The importance of website 50% 43% 7% optimization design, management and Virtual events / webinars 43% 48% 9% optimization Email marketing 40% 55% 5% Search engine optimization (SEO) 36% 57% 7% Telemarketing 35% 53% 12% • Growing trend of utilizing Public relations 31% 60% 9% inbound marketing tactics Tradeshows 25% 52% 22% Paid search (PPC) 23% 56% 20% • The effectiveness of social Direct mail 22% 56% 21% media Social media 16% 59% 25% Print advertising 10% 56% 34% Source: MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded Aug 2010, N=935 Sponsored by:
  • 24. The Allocation of B2B Marketing Budgets Website design, management and optimization 13% • The expense of website Tradeshows 12% design, management and Email marketing 12% optimization Search engine optimization 11% (SEO) Paid search (PPC) 9% • The expense of trade shows Direct mail 8% Public relations 7% Telemarketing 7% • Email marketing Social media 7% effectiveness and expense Marketing automation / lead 6% nurturing Print advertising 6% • SEO – no cost-per-click but Virtual events / webinars 4% not free Source: MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded Aug 2010, N=935 Sponsored by:
  • 25. Inbound Marketing Workshop Secrets to High ROI Lead Generation Sponsored by:
  • 26. Effectiveness of Inbound B2B Marketing Tactics Very effective Somewhat effective Not effective Inbound Marketing Website design, management and optimization 50% 43% 7% Virtual events / webinars 43% 48% 9% Email marketing 40% 55% 5% Search engine optimization (SEO) 36% 57% 7% Telemarketing 35% 53% 12% Public relations 31% 60% 9% Tradeshows 25% 52% 22% Paid search (PPC) 23% 56% 20% Direct mail 22% 56% 21% Social media 16% 59% 25% Print advertising 10% 56% 34% Source: MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded Aug 2010, N=935 Sponsored by:
  • 27. Inbound Marketing Workshop What is Inbound? Sponsored by:
  • 28. Traditional (Outbound) Marketing . . . is Dying CALLER ID: 800-555-1234 Annoying Salesperson Interruptions get ignored … Sponsored by:
  • 29. Why is Inbound Thriving? Sponsored by: 29
  • 30. Inbound Your Way to Lower Cost Leads Source: HubSpot 2011 State of Inbound Marketing Report Sponsored by:
  • 31. Fix Your Mix & Optimize for Your Sales Cycle Efficacy Budget Allocation Very effective Somewhat effective Not effective Website… 13% Website… 50% 43% 7% Tradeshows 12% Virtual events / webinars 43% 48% 9% Email marketing 12% Email marketing 40% 55% 5% Search engine… 11% Search engine… 36% 57% 7% Paid search (PPC) 9% Telemarketing 35% 53% 12% Direct mail 8% Public relations 31% 60% 9% Public relations 7% Tradeshows 25% 52% 22% Telemarketing 7% Paid search (PPC) 23% 56% 20% Social media 7% Direct mail 22% 56% 21% Marketing automation… 6% Social media 16% 59% 25% Print advertising 6% Print advertising 10% 56% 34% Virtual events /… 4% Source: MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded Aug 2010, N=935 Source: MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded Aug 2010, N=935 Sponsored by: 31
  • 32. Outbound Channels are Most Expensive Sponsored by:
  • 33. Inbound Leads Cost the Least Sponsored by:
  • 34. Inbound Marketing Workshop Executing on Inbound Tactics Sponsored by:
  • 35. What do these have in common? Website / SEO Email Webinar Sponsored by: 35
  • 36. Create, Repurpose & Publish Everything • Blog Posts • Photos • Podcasts • Videos • Presentations • Webinars • eBooks • News Releases Sponsored by:
  • 37. Increase Frequency to Get More Leads Sponsored by:
  • 38. Use Content to Draw People Down the Funnel SUSPECT: Just Browsing, Attract Me PROSPECT: Learning More LEAD: Interested Nurture & Engage 1) Different depth & value of content at each stage 2) Different willingness to share personal data at each stage Sponsored by: 38
  • 42. Inbound Marketing Workshop What works for HubSpot? Sponsored by:
  • 43. Lead Generation Vehicles | Test What Works! 2010 New Conversion to OFFER Leads Customer Generated 2010 eBooks 30,000+ Moderate 2010 Webinars 25,000+ Moderate - High 2010 Kits 15,000+ Moderate - High 2010 Free Trials 5,000+ High Quality Quantity Sponsored by: 43
  • 44. Elements of a Successful Webinar Sponsored by: 44
  • 45. Why eBooks & Webinars are Like PB & J • Webinars = Base of an eBook – Transcribe webinars … create eBooks faster • Co-Promotion / Serial Promotion • eBooks Convert Higher due to lower time commitment – also easy to share Sponsored by: 45
  • 46. Consider a Kit for a ‘Full Blown Meal’ • Kits combine a variety of single-topic content in one package – Blog Posts – Videos – Webinars – eBooks – Etc • Great indictor of interests & challenges Sponsored by: 46
  • 47. Whichever Tactic | Nurture Those Leads • Additional Content is ‘New to Them’ • Staying in Touch is Proven To: –Shorten sales cycles –Improve close rates –Increase deal sizes Sponsored by: 47
  • 48. Harvesting High-Quality Leads with Lead Nurturing • What is lead nurturing? • Ongoing nurturing -Consistent communications intended to keep brands on prospects minds • Outreach nurturing - Captures new leads, permissions, additional data, etc. • Engagement nurturing - Targets early stage prospects to build stronger relationships and increase interest • Conversion nurturing - Targets later stage prospects to convert • New customer nurturing… Sponsored by:
  • 49. What is Lead Nurturing, and What Isn’t? Lead nurturing IS Lead nurturing IS NOT Providing valuable, relevant and timely content to Continually sending promotions to your audience your audience Segmenting your audience to deliver the most Sending one monthly newsletter out to an entire relevant content to various segments database, without any regard to segmentation Calling leads to notify them of a valuable article, or Calling leads once a month to “touch base” and see if having another valid business reason to make the call they are ready to buy Offering content of value to your audience, whether Offering only self-promotional whitepapers or product it’s self-promotional or not brochures Providing valuable content and communications to Intending to encourage a purchase of your product or your audience, whether or not they ever buy from you service with every interaction Sponsored by:
  • 50. Six Steps for Establishing Lead Nurturing Campaigns Step #1 – Define segments • Deliver highly relevant content by segmenting on multiple factors, and developing unique lead nurturing tracks for segments • Buyer personas identify traits, interests and needs • Balance buyer personas with buying cycle stage – ongoing, outreach, engagement, conversion and new customer nurturing Step #2 – Collect and develop content • Audit your library of existing content • Develop content that meets the interests and needs of various buyer personas in specific buying cycle stages Sponsored by:
  • 51. Six Steps for Establishing Lead Nurturing Campaigns Step #3 – Add a human touch with teleprospecting • Collect prospect information - Outreach nurturing • Teleprospecting VS telemarketing Step #4 – Further expand the types of lead nurturing touch points • Deliver content in the preferred formats of your segments • Consider original lead generation campaigns Step #5 – Perfect your timing • Deliver content to various segments when they need it the most • Timing & frequency of delivery • Scheduled & triggered nurturing messages • Make an educated guess for launch Step #6 – Test, test and test again Sponsored by:
  • 52. Drafting Lead Nurturing Content Stage of the buying cycle Ongoing Outreach Engagement Conversion New customer Buyer persona 1 Buyer personas Buyer persona 2 Buyer persona 3 Buyer persona 4 Sponsored by:
  • 53. Key Takeaways • Take a comprehensive approach for greatest results • The importance of segmentation • Developing high-quality content Sponsored by:
  • 54. Questions? • Jen Doyle, Senior Research Analyst, MarketingSherpa @JenLDoyle Jen.Doyle@MECLABS.com • Kirsten Knipp, Director Product Evangelism, HubSpot @kirstenpetra kknipp@hubspot.com Sponsored by:

Editor's Notes

  1. Q. Which of the following marketing challenges are currently most pertinent to your organization?How many can relate to this challenge?
  2. We hit tough times. The recent financial crisis is considered by many economists to be the worst since the great depression of the 1930s. It has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing markets suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. In the midst of this financial crisis, businesses started worrying about…The financial crisis has contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity.So, organizations started to cut back and then…Unemployment hit record highs, doubling the pre-crisis unemployment rate. People were losing their jobs and Marketing took a big hit. As a result of this financial crisis, marketers have been forced to deliver greater results with limited resources in budgeting and staffing. Although we are now showing signs of potential recovery, the recession has also created a level of uncertainty in consumers, which contributes to B2B buying processes becoming more complex.
  3. The introduction and rapid adoption of social media has empowered consumers…As a result of social media, consumers are expecting more from organizations both on the B2C and B2B side. Because they can access the information they want, when they want it through social media sites, our standards of communicating with our audiences have been elevated.
  4. We won’t have time to discuss all of the steps in the methodology today…
  5. In today’s market, it is essential for all marketing communications to be focused on the buyer, not the organization. Buyers do not want to be addressed as a mass audience, but as individuals with unique needs, concerns, interests and values. A traditional, one-size-fits-all approach will not be effective. By establishing buyer personas, organizations are enabled to deliver unique content to various personas that will attract and nurture new and existing leads.
  6. How many of you feel like you have an idea of who your buyer personas are?
  7. Company culture, early buy-inBe sure to get any necessary approvals to request meeting times first. Explain that you’re developing buyer personas for your target audience to improve the efficiency of your marketing content and messaging, and you know that they will have valuable insights. If you have alignment issues with your Sales department…They will likely be pleased and impressed with the initiative you are showing. Listen in on sales callsOnce you have taken inventory on the experiences of your key customer-facing employees, it is also essential that you gather information directly from your customers and prospects. Now that you have conducted both internal and external interviews, how do your results compare? Did you find any commonalities or discrepancies? How do the results compare to your initial ideas of your buyer personas? Look for commonalities and discrepancies in your internal and external interviews. Don’t rule out discrepancies, your customer-facing departments talk to a lot more prospects and customers on a daily basis than you do.
  8. Why are we identifying our worst customers? You want to learn how to attract more of the customers you want for your organization, and detract any that you don’t want. Bad customers can be very damaging to your reputation, especially now since they can be heard through social media. The decision is up to you – your organization may still find that it’s effective to generate some revenue from their worst customers, however in most cases, attracting your ideal customers will result in maximum revenues and success.
  9. You will need to prioritize the buyer personas you have developed and communicate this prioritization internally. In order to do this, a visual representation of the results of your research can be highly effective. The buyer persona quadrant will provide a visual representation of your ideal customer profile, your worst customer profile, and any profiles that fall somewhere in-between. You will identify two values to represent the X and Y axis of your quadrant. These should be the two key traits that separate your ideal customers from your worst customers. They may include knowledge of your product or service (do they get it?), available budget, urgency to purchase, motivators, expectations, etc. The ideal customer is positioned in the top right to convey that they have the greatest balance of both values. Plot your additional personas accordingly depending on what values they possess.Value prop is next
  10. Your value proposition should define the key reason why you become the best chose for your ideal customer. It should clearly communicate what your company does and the unique benefits you have over the competition. You may have an existing value proposition …“Clarity always trumps persuasion.”-Dr. Flint McGlaughlinManaging Director (CEO) MECLABS
  11. Key differentiators may include your product being the best value, best quality, greatest luxury, a must-have, etc.
  12. As part of our 2011 B2B Marketing Benchmark Study, we asked nearly 1,000 B2B marketers what they have found to be the best practices in developing marketing content. The top response is an excellent tactic to reduce the amount of time and resources required to develop content, and that is repurposing and reformatting existing content.
  13. We know you have already conducted ample research to develop your buyer personas and value proposition, but now you need to identify what types of content and subject matter are going to resonate with that audience and attract more prospects that meet your ideal customer profile. During your research, you will need to uncover answers for the following questions:
  14. Search engines and social media sites can serve as excellent tools in conducting this research. By analyzing keyword search volumes and trends, as well as monitoring behaviors of your audience on social media sites, your will be able to identify answers to all of the questions above.Once you have a list of keywords that are relevant to you company and audience, you can start monitoring conversations that are happening on social media sites on those topics and conducting keyword research.Tools available Innovate, personalize, Test
  15. The top rated tactic is website design, management and optimization, and this is partly due to the growing popularity of inbound marketing tactics. Inbound tactics like search and social media drive traffic back to the hub, or an organization’s website, for conversion. With an increased level of inbound traffic, even marginal gains in website conversion rate can have a great impact on the number of leads generated and an organization’s and bottom line. The top two tactics are inbound and two of the three least effective tactics are outbound. Social media is undervalued in terms of effectiveness — a result of the infancy of this marketing tactic.
  16. The top rated tactic is website design, management and optimization, and this is partly due to the growing popularity of inbound marketing tactics. Inbound tactics like search and social media drive traffic back to the hub, or an organization’s website, for conversion. With an increased level of inbound traffic, even marginal gains in website conversion rate can have a great impact on the number of leads generated and an organization’s and bottom line. The top two tactics are inbound and two of the three least effective tactics are outbound. Social media is undervalued in terms of effectiveness — a result of the infancy of this marketing tactic.
  17. STORY TELLER:So let’s clarify what we mean by “outbound” marketing and “inbound” marketing.Traditional “outbound” marketing tries to interrupt people and get them to pay attention to your marketing message. The problem is, people are getting better and better at ignoring or blocking out this kind of marketing.We have DVRs and TiVo so we can skip through TV ads, iPods and satellite radio so we don’t have to listen to radio ads, blogs and RSS to get our news instead of print newspapers, spam blockers and caller ID so we can ignore any unwanted sales messages. And junk mail doesn’t even make it into my apartment – we have a recycling bin in the lobby of my building for all that wasted paper.So what should businesses do now that outbound marketing is getting so ineffective?
  18. DEMO LEAD:The good news is that Inbound Marketing takes advantage of the way people want to communicate and discover solutions today. In fact, people are searching for your products and services everyday, THE QUESTION IS: whether they are able to find your website, or your competitor’s.People use search engines – to the tune of HUNDREDS OF MILLIONS OF SEARCHS PER DAY – read blogs and tap their social networks to find answers to questions, solutions and even product recommendations.Inbound Marketing is about making it really easy for people to find your site and what you offer online. And since inbound marketing helps you get found by people looking for what you offer, these methods are both more effective and less expensive than the marketing methods of the past.
  19. Survey of more than 650 marketers in 2011 …
  20. Trade shows, PPC, direct mail and telemarketing were most frequently ranked as more expensive.
  21. Survey participants were asked to classify each lead generation category as “below average cost,” “near average cost,” or “above average cost.” Businesses consistently ranked inbound marketing channels as having costs lower than outbound channels. PPC was the only inbound channel that was ranked among the outbound channels. - Blogs, social media and organic search maintained the top slots as least expensive. - Blogs had the highest instance of being reported as “Below Average Cost:” 55% of companies who blog indicated leads from this channel were “Below Average Cost.”
  22. If your blog is underutilized, you are leaving customers on the table. The data shows a direct correlation between blog post frequency and new customers acquired.
  23. Data on our top lead gen vehiclesOn demand vs. liveEbook best practicesWebinar best practicesUsing them together … Then you nurture …
  24. Give great contentUse every promotional angle you’ve got – don’t promote TOO earlyWebinar Tools are not complex … and some very reasonableLet the content live on to generate leads = “evergreen content” be sure to RECORD & use for later on demand …
  25. Not all leads are created equal. Lead nurturing is a process of building and nurturing relationships with ongoing, relevant and valuable communications. Should provide value regardless of purchase.Lead nurturing can be used as an additional channel to drive qualified leads to the sales team. They can also be used to re-engage dormant sales opportunities. Engagement examples include content specific to prospect needs, such as webinars, articles, whitepapers, etc.Conversion nurturing examples include buyers guides, case studies, etc.
  26. If you’re having trouble identifying what buyer persona your prospect is, or what stage of the buying cycle they are in, you will need to collect more information from that prospect. This can be executed through teleprospecting. teleprospecting can be used to alert contacts of new content, or to invite them to a webinar, making this tool valuable for multiple types of lead nurturing campaigns. Scheduled & triggered - timingTo get started, consider the average length of your sales cycle when determining timing, and then make your best educated guess for initial timing. You could also ask you prospects how often they want to hear from you. Your initial timing should be tweaked over time, leading us to our final step.