O slideshow foi denunciado.
Seu SlideShare está sendo baixado. ×

DirectionGroup Nurturing Prospects & Customers - Edge presentation

Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio

Confira estes a seguir

1 de 23 Anúncio

DirectionGroup Nurturing Prospects & Customers - Edge presentation

Baixar para ler offline

Nurturing. Another of those words we hear again and again. What’s so great about nurturing?

With so much of the buying journey unassisted by sales, marketing needs to be able to accompany buyers through their journey with the right content. The delivery of the right content at the right time is the role of nurturing. And that works equally well when we’re nurturing a prospect towards an initial sale – as it does when we’re nurturing customers towards repeat or additional purchases.

In this presentation, we will cover topics such as:
• What the buyer journey looks like, pre- and post-sale
• Ways to maximise customer lifetime value
• What content works at each stage of the buyer journey
• Marketing automation and CRM systems: what are they good for?
• Marketing automation: don’t get carried away by hype
• What should we be measuring and when

Nurturing. Another of those words we hear again and again. What’s so great about nurturing?

With so much of the buying journey unassisted by sales, marketing needs to be able to accompany buyers through their journey with the right content. The delivery of the right content at the right time is the role of nurturing. And that works equally well when we’re nurturing a prospect towards an initial sale – as it does when we’re nurturing customers towards repeat or additional purchases.

In this presentation, we will cover topics such as:
• What the buyer journey looks like, pre- and post-sale
• Ways to maximise customer lifetime value
• What content works at each stage of the buyer journey
• Marketing automation and CRM systems: what are they good for?
• Marketing automation: don’t get carried away by hype
• What should we be measuring and when

Anúncio
Anúncio

Mais Conteúdo rRelacionado

Diapositivos para si (20)

Semelhante a DirectionGroup Nurturing Prospects & Customers - Edge presentation (20)

Anúncio

Mais recentes (20)

DirectionGroup Nurturing Prospects & Customers - Edge presentation

  1. 1. © DirectionGroup 2015 | directiongroup.com Nurture prospects and customers to maximise lifetime value Share the love: #DGedge @Direction_grp © DirectionGroup 2015 | directiongroup.com
  2. 2. Nurturing SALE Nurture leads to build relationships and create sales ready opportunities to engage Nurture customers to build relationships and maximise customer lifetime value Nurturing done well can be the B2B marketer’s most effective weapon. Let’s nurture for the sale, but also nurture for lasting, profitable customer relationships. Part 1 Part 2 © DirectionGroup 2015 | directiongroup.com
  3. 3. Only 17% of business to business (B2B) leads are sales- ready when first generated. Pardot Our starting point: the issue As marketers, we’re so keen to generate engagement, often we’re not prepared to deal with situations where the engagement doesn’t equate to a sale. Right there and then. Why wouldn’t they be ready to buy? ▪ Timing (budget availability, other vendors in play) ▪ Business not yet sold on the idea of change ▪ Not entirely sure what they’re look for ▪ Not sufficiently confident in our offering or our ability to help. What’s the answer? Nurture. That’s what. © DirectionGroup 2015 | directiongroup.com
  4. 4. Lead nurturing is the process of developing relationships with buyers at every stage of the sales funnel, and through every step of the buyer's journey. It focuses marketing and communication efforts on listening to the needs of prospects, and providing the information and answers they need. (Marketo) OK, nurture. What’s that? Unfortunately, nurture has become yet another marketing buzz term. That means everyone wants it. Regardless if they have the resources, insight and content to do it right. © DirectionGroup 2015 | directiongroup.com
  5. 5. A drip marketing programme: sends (drips) communications (email, direct mail, etc.) following a timeline set by the marketer. But, it does not take into account their activity and behaviour because it is static and non-adaptive. The difference between nurture and drip A lead nurture programme: takes into account that B2B buyers do not want to be spoken to; instead, they want to be listened to. Nurturing leads is all about building relationships with potential buyers, helping to build trust and allowing them to do their research when, where and how they want to. Are you dripping or nurturing? © DirectionGroup 2015 | directiongroup.com
  6. 6. What does the buyer journey look like? Changes over time Recognition of needs Committing to a Solution Problem defined Justifying the Decision On boarding Changes over time Recognition of needs Problem defined Exploring Solutions Loosening of the Status Quo Committing to Change Defining the problem Early stage awareness Awareness and early need identification Ensure seamless customer on-boarding – minimise time to value OUR TASK Influence how they define their problem and solution Close the sale and maximise the value of the deal. EDUCATION SOLUTION VENDOR SELECTION Demonstrate we have the most compelling proposition Sees an analyst blog on trends Downloads vendor solution guide Attends vendor webinar Visits a supplier website Uses an ROI calculator Reviews some competitive analysis Receives a “welcome pack” Goes to supplier event Downloads analyst whitepaper © DirectionGroup 2015 | directiongroup.com
  7. 7. If we’re going to nurture through the buying journey, we need content. If lead nurturing is the engine, content is the fuel that makes it run. If we’re going to nurture, we need people. We can’t nurture leads we don’t have. We still need to generate the initial engagement and marketing leads. Sending people a succession of marketing messages is not nurture. That’s just spamming. “83% of customers only want to hear from you if you are able to be relevant and contextual.” (IDC and Salesforce, 2015) Three home truths. 1 2 3 © DirectionGroup 2015 | directiongroup.com
  8. 8. 8 | © DirectionGroup 2015 | directiongroup.com What kind of content do we need? 1 Analyst research (IDC, Gartner, Forrester)2 Feature articles about technologies3 Technology news4 Product testing / reviews / opinions1 Product demo/product literature2 Analyst research (IDC, Gartner, Forrester)3 How-to content / information4 Product demo / product literature1 Product testing / reviews / opinions2 Case studies3 4 Analyst research (IDC, Gartner, Forrester) 1 Product testing / reviews / opinions2 Product demo / product literature3 4 Product testing / reviews / opinions1 Case studies & ROI tools & Product demos2 Feature articles about trends / strategies3 4 ROI calculator or other assessment tools 1 Product demo / product literature2 Vendor directories3 4 Feature articles about trends / strategies Loosening status quo Committing to change Exploring solutions Committing to a solution Justifying the decision Making the selection A well-thought out lead nurturing strategy is one way that you can connect more effectively across all phases of the buyer journey. © DirectionGroup 2015 | directiongroup.com
  9. 9. That seems like a lot of content. When can we get off the content creation hamster wheel? We say no more content for content’s sake. Once we know our personas and understand the buyer journey, we can identify the content we need and the content we don’t. Start with a content audit: 1. Create an inventory of existing content 2. Map it to the buyer journey 3. Fill the gaps Content, content and more content “Many companies find themselves grossly underprepared for marketing automation from a content perspective.” Pardot, 2016 © DirectionGroup 2015 | directiongroup.com
  10. 10. Content audit example: Business Centric Data Centre Education Solution Vendor selection Loosening the status quo Committing to change Defining the problem exploring possible solutions Committing to a solution Justifying the decision On-boardingA great deal of “solution stage” content – focusing primarily on product and technical specifications. ▪ This content is useful once the prospect has understood their challenges and explored the marketplace for potential solutions. ▪ Here they become aware of the Fujitsu offerings, and investigate specific capability. Very little content to support the early “education phase of the buyer journey ▪ Here the prospect is self educating about new ways of solving business problems, leveraging new technology or creating competitive advantage by being innovative. Very little content to support the “on boarding” phase of the buyer journey ▪ This content is about maximising the benefit the customer derives from buying a Fujitsu solution. A B C AB C © DirectionGroup 2015 | directiongroup.com
  11. 11. What stages of the buyer journey are covered off with your current content? © DirectionGroup 2015 | directiongroup.com
  12. 12. You need marketing automation. Why? Because you’ll need to track the interactions you’re generating, and monitor their behaviour, using that insight to drive the relevance and personalisation buyers are looking for. Automated actions Personalising a comms journey for each individual would be too time consuming. Lead scoring You’ll need to recognise when a lead engages to the right point for them to be passed to sales. Automated integration Sales ready leads can be passed automatically into CRM systems. How do I do it though, physically? Businesses with one to two early-stage nurturing campaigns configured in marketing automation estimate the volume of quarterly qualified leads increased an average of 120% Gleanster, 2015 © DirectionGroup 2015 | directiongroup.com
  13. 13. Companies that excel at nurturing generate 50% more sales-ready leads at 33% lower cost per lead Nurtured leads make 47% larger purchases than non-nurtured leads [Forrester Research]
  14. 14. Sorry! You Can’t Automate Marketing You Don’t Have. Data to personalise the experience Audience specific content and info Email and campaign assets Lead definitions and processes So many organisations are sold on the conceptual ideals behind marketing automation and think it will be marketing’s panacea. ▪ The reality is, marketing automation systems are just that – automation systems. ▪ They can replace a great deal of manual effort, but only if you’re currently engaging in the type of marketing the platforms handle. © DirectionGroup 2015 | directiongroup.com
  15. 15. What are your experiences with marketing automation? © DirectionGroup 2015 | directiongroup.com
  16. 16. Designed as a content fuelled campaign to drive sales-ready leads in 5 countries. We identified four messaging themes within the topic of mobility: 1. SECURITY: Securing your mobile data, devices and applications 2. BYOD: Enabling personal choice within the constraints of your corporate IT 3. PRODUCTIVITY: Driving productivity gain through mobility 4. NETWORKING: How the network and security are crucial to mobility Using existing content, we created a short nurture cycle for each of these themes, promoting content to our audience which moves them along the buyer journey: Integrated campaign case study: Citrix Education Solution Product © DirectionGroup 2015 | directiongroup.com
  17. 17. Example content flow: Security Education Solution Product © DirectionGroup 2015 | directiongroup.com
  18. 18. Campaign schematic Email marketing Paid and organic social Targeted advertising 3rd party content promotion Automation Qualified Lead Inside sales qualification Opportunity / revenue pipeline Marketing interactions (Lead scoring) 1. Inbound and outbound marketing tactics used to generate top-of-funnel prospects 2. Marketing automation programmes allow on-going nurture and self- serving of content 3. Lead scoring used to identify Automation qualified Lead 4. Inside sales resource follows up on these warmer, nurtured leads 5. BANT criteria assessed and pipeline figure attributed as appropriate. © DirectionGroup 2015 | directiongroup.com
  19. 19. The power of self serving B2B buyers are going through their buying journey at their own speed. They’re hungry for information, self educating and actively looking for content. Linear campaign journeys are simple to execute and avoid distractions, but are out of kilter with the buying process. We need to support this by allowing prospects to self serve content on our landing pages – allowing them access to what they need. Our experience has showed that prospects visiting campaign landing pages only once have achieved a lead score of over 100. © DirectionGroup 2015 | directiongroup.com
  20. 20. 3rd Party content syndication: 695 manager-level content downloads, contacts entered the nurture programme. Data-driven advertising: 650,000 impressions delivered with a click through of 0.18% Twitter: 800,000 impressions with average 0.85% engagement LinkedIn: 250,000 impressions with average 0.21% engagement rate Email nurturing: healthy open rates across the UK, resulted in 167 contacts reaching the 40 point MQL threshold Results – so far... (we’re only 50% into the campaign) Headline Results Budget: $140K Results: 167 AQLs resulting in $4.4million of opportunities registered in SFDC (195% of target for whole campaign) ROI: 32:1 on opportunities generated © DirectionGroup 2015 | directiongroup.com
  21. 21. It’s an old adage, but it’s true. As tech marketers, our focus is on ‘demand generation’ – it’s all about getting more customers. Why so? 49% say that, pound for pound, they achieve better ROI by investing in relationship marketing over acquisition marketing. Why aren’t we focusing on customers? ▪ Lack of resources ▪ Lack of customer data (single view of customer) ▪ No clear ownership of the customer ▪ No clearly defined customer strategy Do we focus too much on acquisition? 70% of companies say it’s cheaper to retain a customer than acquire one eConsultancy 2015 © DirectionGroup 2015 | directiongroup.com
  22. 22. Especially relevant in a new sales model... Traditional software and hardware Cloud model Revenue Revenue recognition Typical up-front deal Typical sales cycle Billing approach Sales approach One time Up-front Larger than first-year cloud Longer than cloud agreements Get the deal, move on to next One-time licence Recurring Over time Smaller than traditional deals Shorter than software agreements Get the deal, keep the customer Subscription, or usage based IDC: Partner of the future, 2015 © DirectionGroup 2015 | directiongroup.com
  23. 23. Managing the customer – beyond getting the transaction Think: TRAINING, ADOPTION and USAGE Some organisations are splitting out the functions of hunters and farmers. Who owns “customers” in your organisation? How well are customers looked after? “Solution providers must be set up in the future to take care of their customers not just at the point of transaction, but for the life of the customer” IDC, 2015 © DirectionGroup 2015 | directiongroup.com
  24. 24. What about the post-sale customer journey? On-boarding Ensure seamless customer on-boarding – minimise time to value OUR TASK POST PURCHASEVENDOR SELECTION Expand and enrich Leverage service, support and sales to deepen engagement and create opportunities SERVICE & RENEWAL ADVOCACY Renew and re-sell Embed and create ability to reference Ensure customer continues consumption and renews Create lasting embedded relationship and use to build future value Receives a “welcome pack” Receives call from account manager Is sent “getting the most from guide” Receives “driving user adoption” guide Attends meeting around solution roadmap Takes part in NPS assessment Asked to create customer case study © DirectionGroup 2015 | directiongroup.com
  25. 25. How do we maximise customer lifetime value? The key to optimising customer lifetime value is to alter the slope of the revenue line. How good is your organisation at finding ways to deliver increasing value, and hence support increasing revenues? ServiceSource, 2015 © DirectionGroup 2015 | directiongroup.com
  26. 26. The same nurturing approach can work for customers Let’s call it ‘customer relationship nurturing’ It starts just after the sale is closed and continues until a contact is no longer a customer (and sometimes after that if we try to win them back!) What we’re trying to do: ▪ Ensure the customer gets the value we promised them in our marketing and sales process ▪ Develop relationships with various contacts inside the organisation ▪ Ensure we remain top of mind and can respond to opportunities or issues We should ensure we don’t turn our nurture into a stream of selling messages. This approach just trains customers to ignore our messages. © DirectionGroup 2015 | directiongroup.com
  27. 27. Three customer relationship nurtures to try... On boarding campaign Automate some of the more repetitive tasks involved in on boarding: • training resources • next steps after purchase • timelines for product kick-offs • frequently asked questions Upsell nurture Capitalise on your existing clients to drive more revenue: • Focus message on benefits • Adopt a friendly tone of voice • Steer clear of customer experiencing any issues Renewal Campaign Remind your existing customers that it is time to renew contracts: • Start early, warning the right people • Continue to drip until renewal date • Liaise with account team on non-responders © DirectionGroup 2015 | directiongroup.com
  28. 28. OK, that’s all very well, but... What about the dreaded sales guys? By lead scoring throughout our nurture process we can hand more, better qualified and ‘sales ready’ leads to sales. By customer relationship nurturing we can build relationships and open up opportunities for sales and account management teams. Both require close collaboration with sales teams: ▪ We don’t want to tread on toes ▪ We need to set expectations ▪ We need to manage roles and responsibilities ▪ We’re trying to help... ... And let’s face it we do have a common goal. Companies with aligned sales and marketing generated 208% more revenue from marketing (MarketingProfs) © DirectionGroup 2015 | directiongroup.com
  29. 29. Let’s be adults about this, have a conversation where we sort out a few key things that will guide our actions and behaviours: We need a marketing and sales SLA ▪ What does a ‘lead’ look like? ▪ How many leads marketing will create? ▪ What does marketing expect sales to do with a lead? ▪ What time frame they should do it in? ▪ What happens to a lead that doesn’t convert? ▪ How can we align marketing activity to sales outcomes? SALEDemand (lead) nurture Customer relationship nurture ▪ Who ‘owns’ a customer? ▪ What are the objectives for customers? ▪ How do we avoid communicating with the wrong people at the wrong time? ▪ What are the specific marketing actions for certain types of customers? ▪ How can marketing support on-boarding? ▪ How can marketing support sales in achieving their goals? © DirectionGroup 2015 | directiongroup.com
  30. 30. About DirectionGroup © DirectionGroup 2015 | directiongroup.com
  31. 31. © DirectionGroup 2015 | directiongroup.com DirectionGroup quick overview Dedicated to the IT & Technology marketing space for over 35 years We’re 55 people strong Working at Global, Regional and Local levels Top 50 UK B2B Marketing Agency #6 in The Drum’s Independent Agencies ELITE agency listing in the UK #8 in the Top 100 Digital Agencies League Table (2017, Wirehive) Client Satisfaction score of 81% in 2017 © DirectionGroup 2015 | directiongroup.com
  32. 32. © DirectionGroup 2015 | directiongroup.com Inspired thinking: leads to revenue DirectionGroup The best marketing lives at the intersection of art and science – and it falls short without input from both. At DirectionGroup, we blend the art and science of modern marketing to drive connection, action and revenue for organisations. We bring together the distributed elements of B2B & B2C marketing into a single, integrated offering © DirectionGroup 2015 | directiongroup.com
  33. 33. © DirectionGroup 2015 | directiongroup.com
  34. 34. Integrated lead-to-revenue approach MAP CRM Web site Lead scoring Data + insight Audience + market insight GTM planning + value proposition Creative and content development optimisation Inside sales Nurture Sales enablement Plan and concept Activate and amplify Pipeline management Sales engagement © DirectionGroup 2015 | directiongroup.com
  35. 35. What we do Digital AccountBased Marketing Sales Enablement 5 business capability areas: 1. Planning & strategy 2. Creative & design 3. Marketing Technology 4. Digital production 5. Print & Production Our Planning, MarTech and digital capability is underpinned by data services 6 services… © DirectionGroup 2015 | directiongroup.com
  36. 36. DirectionGroup Services Content marketing Content that helps, not hypes. Inbound & Outbound Right message, right audience, right place, right time. Sales enablement Aligning marketing and sales to optimise experience. Channel marketing Engage, equip and incentivise channel partners ABM Meaningful communications to an audience of one (or few) Shopper marketing “Sofa-to-sale” programmes to reach, engage and convert. © DirectionGroup 2015 | directiongroup.com
  37. 37. © DirectionGroup 2015 | directiongroup.com Thank You www.directiongroup.com info@directiongroup.com Share the love: #DGedge @Direction_grp © DirectionGroup 2015 | directiongroup.com

×