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Buyer Persona Myth Presentation Final

  1. createmarketingservices.com ©UBM Tech. All rights reserved. createmarketingservices.com The Buyer’s Journey is a Myth Jonathan Vlock Vice President, Client Marketing Strategy
  2. createmarketingservices.com ©UBM Tech. All rights reserved. The Create Organization  Born from a media company with over 30 years of technology experience and complex marketing campaign execution.  A pioneer in the development of Demand Generation best practices for BtoB technology marketing  A collaborative partner with the resources and expertise to deliver the complete, scalable solution that will meet your company’s business and marketing objectives Experience ― Developing best-in-class demand gen strategies and frameworks ― Developing award winning global demand gen programs ― Integration with industry- leading marketing automation platforms In 2013 Alone…. ― Produced 2,600 programs for 330 clients ― Generated 800,000 leads ― Executed 50 lead nurture programs ― Created 500 original content pieces ― Hosted 225 custom events with 17,700 registrants
  3. createmarketingservices.com ©UBM Tech. All rights reserved. This Session  How Customers Actually Purchase • The Buyer’s Journey vs. Organizational Change Process  How to Align Content with That Purchase Process • One Dimensional vs. Comprehensive Content Categorization  Empower The Champion  Sales and Marketing Alignment
  4. createmarketingservices.com ©UBM Tech. All rights reserved. Caution Head Exploding Zone
  5. createmarketingservices.com ©UBM Tech. All rights reserved. Myth #1 No Silver Bullet Seeking a proactive approach to marketing efforts that will maximize the effectiveness of customer engagements
  6. createmarketingservices.com ©UBM Tech. All rights reserved. createmarketingservices.com Real Life Purchasing
  7. createmarketingservices.com ©UBM Tech. All rights reserved. Myth #2 The Buyer’s Journey The Buyer’s Journey is the active research process a potential buyer goes through leading up to a purchase
  8. createmarketingservices.com ©UBM Tech. All rights reserved. Enterprise Purchase Decisions Involve Up To 21+ Influencers . 7.2 Average number of individuals involved in the entire decision-making process 6.7 months Average time from identifying business need to purchase decision 57% Of the buying decision is complete before that prospect’s first contact with a supplier
  9. createmarketingservices.com ©UBM Tech. All rights reserved. Organizational Change Process The Greatest Opportunity For Influence Is In The Early Stages Implement How do we successfully deploy and manage the selected system? Approve Does this really help us solve our problem? How will we measure ROI? Select Which solution will we use? Evaluate & Recommend What are the available solutions, and which best fit our requirements? Define Requirements What are the business, technical and architecture considerations? Determine Need What is the business problem we need to solve? 61% 58% 64% 46% 25% 44%
  10. createmarketingservices.com ©UBM Tech. All rights reserved. The Change Process Begins When An Organization Identifies A Need To Change. Be There. We have to save on energy costs—and running our servers is a big part of the bill. We want to integrate disparate customer databases across all of our different business units. Our supply chain needs to be more agile and responsive to changing market conditions. Business Need: Financial Need: Technical Need: Understand Your Customers’ Pain Points – And Deliver Solutions You can better connect with buyers if you address the issues and pain points faced by companies in specific vertical industries, with different organizational sizes, or with different business models.
  11. createmarketingservices.com ©UBM Tech. All rights reserved. Organizational Change Process Multiple Roles, Varying Levels of Involvement Implement This process will ensure the fastest adoption Approve This investment aligns with our strategic objectives Select Which vendor will we use? Evaluate & Recommend What are the available solutions, and which best fit our requirements? Define Requirements What are the business, technical and architecture considerations? Determine Need We need to solve a problem or avoid a future issue ROLES/INVOLVEMENT
  12. createmarketingservices.com ©UBM Tech. All rights reserved. createmarketingservices.com Content Alignment
  13. createmarketingservices.com ©UBM Tech. All rights reserved. Myth #3 Content Alignment Content asset types align to individual stages in the Buyer’s Journey.
  14. createmarketingservices.com ©UBM Tech. All rights reserved. Content Alignment Maximizing Performance Through Content Relevancy and Delivery Demonstrate Technical Superiority and ROI Provide Technical Reasons for Deficiencies Highlight Risk of Maintaining Status Quo Introduce Optimal Path to Overcoming Challenge Messaging Intent Solution Exploration Stages Educational Stages Vendor Selection Stages Process Stage
  15. createmarketingservices.com ©UBM Tech. All rights reserved. createmarketingservices.com Empower the Champion
  16. createmarketingservices.com ©UBM Tech. All rights reserved. Myth #4 Persona Based Marketing Persona based marketing requires an organization to develop individual campaigns designed to attract, engage and convert each of the different stakeholder types.
  17. createmarketingservices.com ©UBM Tech. All rights reserved. Finding & Empowering the Champion  What is the Champion? • “A central stakeholder who is very interested in new or different ways of doing something, and is determined to make changes happen.”  How to empower the Champion • Providing that stakeholder with the information he/she needs to drive the decision forward.
  18. createmarketingservices.com ©UBM Tech. All rights reserved. Empowering the Champion Select Which vendor will we use? Approve This investment aligns with our strategic objectives Evaluate & Recommend What are the available solutions, and which best fit our requirements? Define Requirements What are the business, technical and architecture considerations? Determine Need We need to solve a problem or avoid a future issue Executive Stakeholder Information that appeals to Champion and will help make the case to that stage's "key” stakeholder
  19. createmarketingservices.com ©UBM Tech. All rights reserved. createmarketingservices.com Sales and Marketing Alignment
  20. createmarketingservices.com ©UBM Tech. All rights reserved. Myth #5 Marketing involvement ends with the sales handoff
  21. createmarketingservices.com ©UBM Tech. All rights reserved. Current Customer Engagement - Disconnected Communications LeadGenerationPrograms Marketing Engagement Sales Engagement Enormous gap in customer communications Marketing Engagement ends with sales handoff
  22. createmarketingservices.com ©UBM Tech. All rights reserved. Future Customer Engagement – Consistent Communications LeadGenerationPrograms Marketing Engagement Sales Engagement Connecting the engagement between marketing and sales produces a much more consistent and effective customer engagement Marketing Engagement continues throughout sales cycle
  23. createmarketingservices.com ©UBM Tech. All rights reserved. createmarketingservices.com Thank You!
  24. createmarketingservices.com ©UBM Tech. All rights reserved. Relevant Content Focus On The Things That Matter To Tech Pros – Deliver More Value 0% 10% 20% 30% 40% 50% 60% 70% 80% Does not have 3rd party validation Too great a focus on product features Information is too long Lack of real ROI metrics Does not connect to business benefits Lacks info depth Lack of real world application and examples Too much marketing "fluff" 16% 16% 19% 20% 34% 36% 44% 77% Source: UBM Tech Buyers Research, March 2012 Q: What would you say are the biggest mistakes technology vendors make when producing information? (Check your top three.)
  25. createmarketingservices.com ©UBM Tech. All rights reserved. The Realities of Technology Purchasing Tech Customers Want Long Term Partners  It’s A Journey, NOT One Sales Call…80% of customers begin researching a technology solution at least 6 months before they make a purchase.  Get On Their Radar Early, To Add Value Via Content…95% would prefer to engage with tech vendors when they are defining their technical requirements and evaluating potential solutions.  If You Wait, It’s Often Too Late…61% of stakeholders get involved in the early stages but only 25% get involved in the selection/ approval process
  26. createmarketingservices.com ©UBM Tech. All rights reserved. Marketing’s Clear Charter – Drive Revenue CMO and Their Teams Need to Re-Tool to Deliver • Marketers primary role today is to drive revenue by creating brand demand and accelerating sales pipeline • CMOs biggest challenge – ROI using business metrics, not just marketing metrics • 4 out of 5 CMOs anticipate a high or very high level of complexity, but only half feel ready to handle it1 • Technology marketers perform nearly 7 major marketing functions within their organization2 • CMOs in the most successful enterprises are focusing on relationships, not just transactions1 Pg. 26 1
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