The Missing Link: Why Your B2B Marketing Tactics Don't Lead to Revenue
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Transcript of The Missing Link: Why Your B2B Marketing Tactics Don't Lead to Revenue
The Missing Link: Why Your B2B Tactics Won’t Lead to Revenue
Confidential | © Demandbase 2014 All rights reserved.Confidential | © Demandbase 2014 All rights reserved.
Sean Carney, Chief Design Officer, Philips
“We’re moving away from the mind-set of trying to figure out what people want to buy and pushing it to them. Now we are looking at real-time engagement opportunities with customers.”
Confidential | © Demandbase 2014 All rights reserved.Confidential | © Demandbase 2014 All rights reserved.
Buyer
Art courtesy of David Lewis
Your buyers need more…
Confidential | © Demandbase 2014 All rights reserved.Confidential | © Demandbase 2014 All rights reserved.
It’s all about their experience
1% of sellersConsistently met experience expectations
*CEI 2011
86% of buyersAre willing to pay for a better experience
Confidential | © Demandbase 2014 All rights reserved.Confidential | © Demandbase 2014 All rights reserved.
But often we don’t deliver the right experience and…
79% of marketing leads never convert into sales. (MarketingSherpa)
68% of companies report struggling with lead generation. (Source: Lattice Engines/CSO Insights)
50% of marketing leads are qualified but not yet ready to buy. (Gleanster Research)
Two-thirds of B2B marketers say their biggest challenge is engaging decision makers. (Forrester)
Confidential | © Demandbase 2014 All rights reserved.Confidential | © Demandbase 2014 All rights reserved.
Sales cycles are lengthening…Because when we don’t understand them, our buyers don’t trust us
Confidential | © Demandbase 2014 All rights reserved.Confidential | © Demandbase 2014 All rights reserved.
And our marketing efforts go to waste
75% of ContentIs not trusted by buyers
36% of marketersFeel they effectively target and reach buyers*Demandgen 2012
To fix the problem you need to know
your buyer and define a
buyer’s journey
Confidential | © Demandbase 2014 All rights reserved.
Discover how your buyers learn about your product
Confidential | © Demandbase 2014 All rights reserved.
Targeted Advertising
3rd Party Research Studies
Partner Authored Best Practices
Personalized sites with Webinar & Video
Blogger Infographic of Vendors in Buyers’
industry
Targeted Vendor Comparisons
Peer Customer Videos
Then, create campaigns that map to their experience
Success Stories
Confidential | © Demandbase 2014 All rights reserved.Confidential | © Demandbase 2014 All rights reserved.
Lithium Increased Win Rates
Challenge: Lithium was challenged in growing market share fast enough in new markets. The BoD and CEO wanted to know why. The CMO and CRO wanted to know how to improve sales and marketing methods to increase ROI.
Action Taken: Customer Journey Mapping, Content Strategy, Sales Enablement Maps.
ROI: Increase win-rates from aligning integrated campaigns to journeys, new messaging, sales re-organization, and new content plan.
Confidential | © Demandbase 2014 All rights reserved.
Docusign generated 22% sales liftCOMPANY-TARGETED ADVERTISING + WEBSITE OPTIMIZATION COMBINE TO MOVE KEY SEGMENTS CLOSER TO BUYING
RESULTS:
22% Boost in Sales pipeline
Increase in page views by target companies
3xLonger than avg. time on site8:00
Higher than benchmark click-through rates3x
The moral of the story is: when your customers have a meaningful experience, you’re successful
Identity +
Intention +
Interaction =
Revenue