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How to Win in Business Development
2010 DEALER MARKETING MEETING




               Closed Loop Marketing
2010 DEALER MARKETING MEETING




Our landscape has changed
Since 2008:
• More than 591 trade magazines have folded
• 105 newspapers have closed
• 99% have reduced coverage, print runs and
  distribution
• 15,000+ newspaper jobs have been lost
• Print ad sales have fallen 30%
• 24 of the top 25 newspapers had circulation
  declines between 7-23%
2010 DEALER MARKETING MEETING



The Changing Landscape of Media
Consumption
•   Volume of information has grown
•   Information sources have increased
•   Velocity of information speeds up
•   Times and places to experience media enlarge
•   Attention to information expands and contracts
•   Immersive qualities of media are more compelling
    (Video, Gaming, Augmented Reality, Animation, Infographics)
• Social networks are more important
• More time spent on smartphones and tablets
2010 DEALER MARKETING MEETING




            The Change Agents
2010 DEALER MARKETING MEETING




What is the New Normal?
New landscape benefits brands
    – Worldwide thirst for information and news
    – Changing role of traditional media
    – Personalities and social connections are ever more
      important
    – Advances in technology
    – Reduced trust in business
    – 24/7 news cycle, immediate, global
    – Segmentation of messages, authentication of sources
    – Rise in the importance of the news brand
Closed Loop Marketing
2010 DEALER MARKETING MEETING
2010 DEALER MARKETING MEETING




          46 hours & 53 minutes
2010 DEALER MARKETING MEETING



Database Management
  •   Lead Loss Rates:
      – 40-80% of leads/prospects lost in every step of the sales cycle
          •   Lack of process for handling immature prospects (~20%)
          •   Poorly defined roles and processes (~10%)
          •   Different sales and marketing systems (~15%)
          •   Web, email, fax, phone (~10%)
          •   Poor qualification (~20%)
          •   Wrong territory assignment (~5%)
          •   No control of how lead is sent (~8%)
          •   No measurement system in place (~10%)
          •   Limited lead acceptance and follow up (~20%)
      – 70% of prospects are never contacted the first time
2010 DEALER MARKETING MEETING




          Sales/Marketing Automation

                                Lead Automation
                                   Capture
    Sales Automation                Enrich        Marketing Automation
  Account Management               Qualify           Plan Campaign
   Opportunity Mgmt                 Score                Approve
       Forecasting              Assign/Route        Design/Develop
        Activities              Notify/Deliver          Execution
        Proposals                Track/Alert             Manage
         Quotes                   Reassign              Measure
                                                         Analyze
Data Management: Deep Dive
2010 DEALER MARKETING MEETING




–   How is your data stored?
–   Who has access to the data?
–   What does your sales lead funnel look like?
–   Does the sales force have enough leads in their sales funnel?
–   What is the average sales cycle? What is the close rate?
–   Who is responsible for following up on leads?
–   What are the sources behind the data? Where did they come
    from (shows, events, ads, articles, web site, networking)?
–   What sources generate the most qualified leads?
–   What is considered a qualified lead?
–   Which sources are the most cost effective?
–   How often do you perform quality assurance tests?
Ideal Drip Campaign
2010 DEALER MARKETING MEETING




                                   Nurture
     • Inbound calls                         • Outbound calls
     • Ads                 • Response 1      • Literature
     • Web Inquiries       • Response 2        Fulfillment
     • Email               • Response 3      • Follow Up

          Qualification
                                                    Distribute
            Process
2010 DEALER MARKETING MEETING
2010 DEALER MARKETING MEETING




                     JMGLeadLogic™
2010 DEALER MARKETING MEETING




JMGLeadLogic™ Process
• Target prospects by title, industry, geography
• Vet ‘clean’ record using email qualification technique
• Build ongoing ‘drip’ email campaign to build sales funnel
• Turn-key lead nurture program that turns clicks, opens
  and replies into appointments
• User-friendly dashboard that can act as a CRM system or
  be exported into other systems
2010 DEALER MARKETING MEETING




JMGLeadLogic™ Process


                                          Database
                                Email




                                        800#




                          Lead Management System
2010 DEALER MARKETING MEETING
    JMGLeadLogic™ Process


     Assess Data                            Lead Definitions                          Lead Scoring
     •Clean/De-Dupe                         •Define lead quality                      •Assign scores
     •Determine segmentation                •Determine content                         •Lead quality
     •Assess quality                         attractiveness                            •Lead activity
                                            •Understand sales frameworks




     Content Strategy                              Fulfillment/Response Plan
     •Define content/messages                      •Define response plan
     •Determine email address from ‘whom’           •Email/Direct
     •Develop messages                              •Follow-up call
     •Assign web content landing pages             •Define the lead sharing process
LeadLogic™ Process: Email Campaign


      • Vet & Verify (text only)
  A

      • General information (text preferred)
  B   • Build credibility

      • General information
  C   • Continue to build credibility

      • Narrow content
  D   • Service/product offers

      • Narrow content
  E   • Service/product offers

      • Narrow content
  F   • Service/product offers
2010 DEALER MARKETING MEETING




           JMGLeadLogicTM Dashboard
2010 DEALER MARKETING MEETING




Dashboard
2010 DEALER MARKETING MEETING




Email Campaign Performance
Industry Stats:
• 90-95% delivery rate
• 40% open rate
• 7-10% click through rate
Database: 1,000 records
• Delivery rate: 900
• Open rate: 360
• Click through rate: 36
• Replies: 7
2010 DEALER MARKETING MEETING




2012 Program Case Study
• Contacts client thought they had: 5,900

• Contacts client actually had: 400

• Size of contact database now: 24,000

• Number of replies to initial vetting emails: 550

• Number of leads from initial vetting emails:
  Over 100
2010 DEALER MARKETING MEETING




        For more information on our
       JMGLeadLogicTM tool, call today!

                       864.272.3018

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How to Win in Business Development

  • 1. How to Win in Business Development
  • 2. 2010 DEALER MARKETING MEETING Closed Loop Marketing
  • 3. 2010 DEALER MARKETING MEETING Our landscape has changed Since 2008: • More than 591 trade magazines have folded • 105 newspapers have closed • 99% have reduced coverage, print runs and distribution • 15,000+ newspaper jobs have been lost • Print ad sales have fallen 30% • 24 of the top 25 newspapers had circulation declines between 7-23%
  • 4. 2010 DEALER MARKETING MEETING The Changing Landscape of Media Consumption • Volume of information has grown • Information sources have increased • Velocity of information speeds up • Times and places to experience media enlarge • Attention to information expands and contracts • Immersive qualities of media are more compelling (Video, Gaming, Augmented Reality, Animation, Infographics) • Social networks are more important • More time spent on smartphones and tablets
  • 5. 2010 DEALER MARKETING MEETING The Change Agents
  • 6. 2010 DEALER MARKETING MEETING What is the New Normal? New landscape benefits brands – Worldwide thirst for information and news – Changing role of traditional media – Personalities and social connections are ever more important – Advances in technology – Reduced trust in business – 24/7 news cycle, immediate, global – Segmentation of messages, authentication of sources – Rise in the importance of the news brand
  • 7. Closed Loop Marketing 2010 DEALER MARKETING MEETING
  • 8. 2010 DEALER MARKETING MEETING 46 hours & 53 minutes
  • 9. 2010 DEALER MARKETING MEETING Database Management • Lead Loss Rates: – 40-80% of leads/prospects lost in every step of the sales cycle • Lack of process for handling immature prospects (~20%) • Poorly defined roles and processes (~10%) • Different sales and marketing systems (~15%) • Web, email, fax, phone (~10%) • Poor qualification (~20%) • Wrong territory assignment (~5%) • No control of how lead is sent (~8%) • No measurement system in place (~10%) • Limited lead acceptance and follow up (~20%) – 70% of prospects are never contacted the first time
  • 10. 2010 DEALER MARKETING MEETING Sales/Marketing Automation Lead Automation Capture Sales Automation Enrich Marketing Automation Account Management Qualify Plan Campaign Opportunity Mgmt Score Approve Forecasting Assign/Route Design/Develop Activities Notify/Deliver Execution Proposals Track/Alert Manage Quotes Reassign Measure Analyze
  • 11. Data Management: Deep Dive 2010 DEALER MARKETING MEETING – How is your data stored? – Who has access to the data? – What does your sales lead funnel look like? – Does the sales force have enough leads in their sales funnel? – What is the average sales cycle? What is the close rate? – Who is responsible for following up on leads? – What are the sources behind the data? Where did they come from (shows, events, ads, articles, web site, networking)? – What sources generate the most qualified leads? – What is considered a qualified lead? – Which sources are the most cost effective? – How often do you perform quality assurance tests?
  • 12. Ideal Drip Campaign 2010 DEALER MARKETING MEETING Nurture • Inbound calls • Outbound calls • Ads • Response 1 • Literature • Web Inquiries • Response 2 Fulfillment • Email • Response 3 • Follow Up Qualification Distribute Process
  • 14. 2010 DEALER MARKETING MEETING JMGLeadLogic™
  • 15. 2010 DEALER MARKETING MEETING JMGLeadLogic™ Process • Target prospects by title, industry, geography • Vet ‘clean’ record using email qualification technique • Build ongoing ‘drip’ email campaign to build sales funnel • Turn-key lead nurture program that turns clicks, opens and replies into appointments • User-friendly dashboard that can act as a CRM system or be exported into other systems
  • 16. 2010 DEALER MARKETING MEETING JMGLeadLogic™ Process Database Email 800# Lead Management System
  • 17. 2010 DEALER MARKETING MEETING JMGLeadLogic™ Process Assess Data Lead Definitions Lead Scoring •Clean/De-Dupe •Define lead quality •Assign scores •Determine segmentation •Determine content •Lead quality •Assess quality attractiveness •Lead activity •Understand sales frameworks Content Strategy Fulfillment/Response Plan •Define content/messages •Define response plan •Determine email address from ‘whom’ •Email/Direct •Develop messages •Follow-up call •Assign web content landing pages •Define the lead sharing process
  • 18. LeadLogic™ Process: Email Campaign • Vet & Verify (text only) A • General information (text preferred) B • Build credibility • General information C • Continue to build credibility • Narrow content D • Service/product offers • Narrow content E • Service/product offers • Narrow content F • Service/product offers
  • 19. 2010 DEALER MARKETING MEETING JMGLeadLogicTM Dashboard
  • 20. 2010 DEALER MARKETING MEETING Dashboard
  • 21. 2010 DEALER MARKETING MEETING Email Campaign Performance Industry Stats: • 90-95% delivery rate • 40% open rate • 7-10% click through rate Database: 1,000 records • Delivery rate: 900 • Open rate: 360 • Click through rate: 36 • Replies: 7
  • 22. 2010 DEALER MARKETING MEETING 2012 Program Case Study • Contacts client thought they had: 5,900 • Contacts client actually had: 400 • Size of contact database now: 24,000 • Number of replies to initial vetting emails: 550 • Number of leads from initial vetting emails: Over 100
  • 23. 2010 DEALER MARKETING MEETING For more information on our JMGLeadLogicTM tool, call today! 864.272.3018