Obedience v Compliance : Getting Sales & Marketing Talking the Same Language
-
Upload
john-watton -
Category
Marketing
-
view
103 -
download
0
description
Transcript of Obedience v Compliance : Getting Sales & Marketing Talking the Same Language
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Obedience v Compliance : Getting Sales & Marketing Talking the Same Language
John Watton | Director, Digital Marketing EMEA, Adobe | @jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton2
Selling has changed. A lot.
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
2014’s Buyer has more CHOICE & CONTROL, more points of contact
4The number of online sources the average B2B customer uses when shopping for a business purchase
The average number of searches performed by the average B2B converter
of purchase cycle in B2B is completed before getting in touch with a vendor
70%
5+
Source: Google & Compete B2B Customer Study,
@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Noise
The average consumer is exposed to
30,000marketing messages per day.
Source: Mashable Email Infographic, Nov 2012@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Problem: Noise
In the time it took you to read this sentence,
20 millionemails have been sent.
@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Marketing has changed. A lot.
6
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton7
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Right message
Right time
Right place
@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
The need to get personal
B R O A D C A S T T A R G E T I N G S E G M E N T I N G P E R S O N A L I S I N G
relevant
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton10
Selling
BuyingBuying
Selling
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Marketing needs to evolve
11
Brochures Leads Qualified Leads Pipeline Closed Business
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton12
Sales & marketing alignment?
Sales wants obedience
Marketing wants recognition
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Forget big data
13
• Revenue Target• Pipeline Needed• Marketing’s Contribution• Length of sales cycle
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Most B2B Marketing
14
Marketing Sales
“Leads”
Business card drops
List buysWeb enquiries
Seminar attendees
“Junk”
No budgetNot ready
Too big/smallWrong industry
Just lookingCan’t get hold of
them
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Some B2B Marketing
15
Marketing SalesQualification
In-house telesalesOutsourced
telesales
“Leads”
“Less Junk”
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Emerging B2B Marketing
16
Sales & Marketing
Inquiries Leads Opportunities Revenue
Collaborative Approach
Continual ProcessHandshakes
R&RsNo lead left untouched
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton17 @jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Connect with sales in the funnel
18
MQL
SAL
TQL
INQ
TAL
WON
SQL
Marketing-Sourced
Hand-off b/w Functions
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Put Numbers on the table
Impact Visibility Predictability =Credibility!
$$ Marketing sourced revenue
Won Opps
SALs from telesales
MQLs from marketing
Inbound Inquiries
$$ New Business Target
Channels
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Automation is key
Customers are more demanding The buyer is in control The comms space is crowded
Transparency & accountability No way to show pipe maturation
20
• Personalized• Relevant• Sync’ed to behaviours
• Fact-based marketing• A way to manage the funnel
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Why automate?
At best, a typical B2B supplier can expect to get 12% of a client’s total share of attention across the purchase process. CEB Research 2012/Forbes Magazine.
The average B2B client is 60% of the way through the purchase decision before engaging supplier sales reps. CEB Research 2012/Forbes Magazine.
The average attention span of a consumer is now 4 seconds. Fournaise Group study, 2013.
21
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Category
Value 1 Value 2 Value 3 Value 4
Industry Marketing & Advertising Services
Corporate Services
Computer Software
Financial Services
Leisure , Sports & Entertainment
Media Retail Travel &
Travel Agencies
Hospitals & Healthcare
Computer Hardware
Real Estate Services
Telecommunications
Food & Beverage
Energy & Environmental
Insurance Schools &
Education
Charities, Foundations & Non-Profits
Consumer Services (not Travel & Travel Agencies)
Consumer Products
12 8 6
Has CRM System
Unknown/Other Salesforce.com MS CRM
5 15
Has Web Analytics
Omniture Core Metrics Webtrends
Google Analytics/Other/ Unknown
8 2
Title Level
CXO/SVP VP/Director/Manager
Specialist/CoordinatorAdmin/Support
4 10 3
Function Marketing Sales IT/MIS
10 4 1
Profile
22
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Behaviour
23
Category Value 1 Value 2 Value 3 Value 4 Value 5
Live Event Registered Event Attended Event Visited Booth Qualifying Convo Attended/3rd Party Event
3 9 2 15 2
Online Event Registered Event Attended Event Registered/3rd Party Event
Attended/3rd Party Event
2 7 1 2
Website Activity Download
2
Demo Viewed Demo
15
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Lead Rank Thresholds
24
Behaviour
Profile 1 2 3 4
A 32+/15+ 32+/10-14 32+/6-9 32+/0-5
B 20-31/15+ 20-31/10-14 20-31/6-9 20-31/0-5
C 10-19/15+ 10-19/10-14 10-19/6-9 10-19/0-5
D 0-9/15+ 0-9/10-14 0-9/6-9 0-9/0-5
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Prioritize “sales-ready” leads
25
Behaviour
Profile 1 2 3 4
A 32+/15+ 32+/10-14 32+/6-9 32+/0-5
B 20-31/15+ 20-31/10-14 20-31/6-9 20-31/0-5
C 10-19/15+ 10-19/10-14 10-19/6-9 10-19/0-5
D 0-9/15+ 0-9/10-14 0-9/6-9 0-9/0-5
Great Fit
OK fit
HeavyInteres
t
LowInteres
t
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
SOCIAL
ECOMMERCE
B E H AV I O U R A L D ATA B A S E
WEBSITE
LOCATION
CRM
One, multi-channel, view
26
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Creating relevant experiences for the individual
27
1
By Profile
2
By Preference
3
By Now?
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton© 2013 Adobe Systems Incorporated. All Rights Reserved. 28
Key performance indicators - Pipeline
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Funnel metrics
Stages Inquiries Marketing Qualified Leads Sales Accepted Leads Sales Qualified Leads %Pipeline %Closed Revenue/Bookings/ACV
Conversion rates MQLs % INQs SALs % MQLs SQLs % MQLs
29
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton30@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Fact-based marketing
80% of CEOs don’t trust marketers, 70% thought they’re not connected to business results and 69% thought they’re living in a social bubble. Fournaise Group study, 2013.
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Simple Planning Model : Marketing forecast based on past performance
32
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Web (new)PPC (new)Data Build (new)Media (New)Events (New)
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton© 2013 Adobe Systems Incorporated. All Rights Reserved.
6 recommendations
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
1. Understand the 4 metrics that matter
@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
2. Put numbers on everything
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
3. Establish a routine
@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
4. Be consistent
@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
5. Pimp your successes
@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
1.6. Automate
@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton@jwatton
© 2014 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. @jwatton
Obedience v Compliance : Getting Sales & Marketing Talking the Same Language
John Watton | Director, Digital Marketing EMEA, Adobe | @jwatton