4. 7 Marketing Habits – Survey
Study of SMBs
Survey Objectives and
Goals
SMB Decision Makers
RESULTS 7 Marketing Habits help successful SMBs grow beyond expectations
www.act-on.com | @ActOnSoftware | #ActOnSW
5. Online vs. Offline
Bottom Performers Seek Security
• Spend on direct mail and print
• 68% perceive online marketing is
equal to offline and
• Online “inappropriate” for their
brand
• Not focused on current/following
quarters
www.act-on.com | @ActOnSoftware | #ActOnSW
6. 1. Emphasize Online vs. Offline Strategies
Online Marketing is the Game Changer
• 32% reach more audiences and
compete more effectively
• 71% choose the marketing
automation online approach
• Use robust reporting and analytics
to optimize campaign efforts
RESULTS Top Performers reach more audiences and compete more broadly
www.act-on.com | @ActOnSoftware | #ActOnSW
7. Cost Cutting
Bottom Performers focus on cost cutting
• Decrease customer acquisition costs
• Maximize impact of marketing budget
• Over-emphasis on reducing key
marketing efforts
• Improve competitiveness and move
focus from funnel
www.act-on.com | @ActOnSoftware | #ActOnSW
8. 2. Focus on new business leads and
lifetime value over acquisition costs
Focus more on getting new customers
• Improve funnel performance
and customer LTV
• Align marketing and sales
and urge collaboration
• Measure effectiveness of
each individual campaign, fine-tune
RESULTS Top Performers improve the lead funnel to effectively attract and convert
www.act-on.com | @ActOnSoftware | #ActOnSW
9. Social Media
Bottom Performers unsure if Social Media works
• 1 in 3 SMBs report SM is
either not working or do not
know if it is working for them
• Uncertain of click-through
rates from new customers
• No insight on real-time multi-
channel optimization
www.act-on.com | @ActOnSoftware | #ActOnSW
10. 3. Execute highly optimized, multi-channel
campaigns
Combination of online marketing tactics
• Utilize email, web, and
social media programs
repeatedly
• Engage with prospects
via multiple touch points
• Reach targeted
customers that subscribe
to select venues
RESULTS Top Performers develop a process for real-time multi-channel optimization
www.act-on.com | @ActOnSoftware | #ActOnSW
11. Lead Nurturing
Bottom Performers pass off leads much earlier
• 43% pass off leads in less
than 1 month
• 25% hold onto leads for
more than 3 months
• Prospects pushed
through funnel pre-
maturely or too late
www.act-on.com | @ActOnSoftware | #ActOnSW
12. 4. Nurture leads carefully, until
the time is right
>50% of Top Performers nurture leads 1 to 3 months
• Nurture before passing them
on to sales
• Cultivate leads and provide
information needed to
evaluate product/service
• Prospects demonstrate key
indicators prior to
reaching sales
RESULTS Top Performers properly cultivate leads prior to passing them off to sales
www.act-on.com | @ActOnSoftware | #ActOnSW
13. Metrics
44% of The Bottom are not measuring anything
• Don’t measure and make
uneducated guesses
• Unable to quantify print
advertising campaigns
• Resort to reactive tactics leading
to no recipe for success
• Uncertain who is visiting their web site
www.act-on.com | @ActOnSoftware | #ActOnSW
14. 5. Collect the metrics that matter
Analyze virtually everything
• Cost per lead and qualified
lead
• Time period of qualified lead
and cost per new customer
• Track and measure real-time
results for actionable
campaign adjustments
RESULTS Top Performers analyze real-time results to optimize campaign performance
www.act-on.com | @ActOnSoftware | #ActOnSW
15. Collaboration
Bottom Performers tend to create silos
• Less likely for sales and marketing teams
to collaborate
• Definition and execution of marketing
efforts are not coordinated
• Sales and marketing deliver on
separate efforts
• Customer insights gained are not shared
www.act-on.com | @ActOnSoftware | #ActOnSW
16. 6. Urge increased collaboration between
sales and marketing
Sales and Marketing teams collaborate
• Set revenue targets, goals and lead
qualification criteria
• Create cross-team communication
• Use shared, real-time intelligence
• Manage sales leads based on behavior
RESULTS Top Performers collaborate and share real-time metrics between sales & marketing
www.act-on.com | @ActOnSoftware | #ActOnSW
17. Cut and Reduce Costs
Bottom Performers cut and await better days
• 56% cut their marketing
budget
• Only 15% increased hiring
to take advantage of
opportunities
• Tend to decrease investments
in partnerships and channels
www.act-on.com | @ActOnSoftware | #ActOnSW
18. 7. Maintain marketing budgets during
a difficult economy
Top Performers are far less likely to reduce spending
• One-third reported a reduction
in marketing budgets
“Be fearful when others are greedy.
• One-third have increased
Be greedy when others are fearful.”
hiring to take advantage –Warren Buffet
of opportunities
• Tend to invest in software to
understand precise value of
marketing activities
RESULTS Top Performers run more campaigns with fewer resources
www.act-on.com | @ActOnSoftware | #ActOnSW
19. Review – 7 Marketing Habits
1. Emphasize online over offline marketing strategies
2. Focus on new business leads and lifetime value over
acquisition costs
3. Execute highly optimized, multi-channel campaigns
4. Nurture leads carefully, until the time is right
5. Collect the metrics that matter
6. Urge increased collaboration between sales and marketing
7. Maintain marketing budgets during a difficult economy
www.act-on.com | @ActOnSoftware | #ActOnSW
20. For More Information….
For more information on the eBook
7 Marketing Habits of Highly Effective SMBs
visit:
www.act-on.com/DRIVE
www.act-on.com | @ActOnSoftware | #ActOnSW
Notas del editor
Study of small and mid-sized businesses(n=208)Unclear and challenging economic conditionsUncertain future – growth vs. contractionSurvey objectives and goalsUnderstand effects of economic slowdownSMB vs. Enterprise marketing Impact of forced changes by the economySMB Decision MakersPerceptions of all facets of marketing
Bottom Performers seek security of offline effortsSpend on traditional direct mail and print advertising68% perceive online marketing is equal to offlineSome consider online “inappropriate” for their brand Do not effectively focus on current/following quarters
Top Performers view online marketing as a game changer32% feel they reach more audiences and compete more broadly/effectively71% choose the marketing automation online approach to competeMost optimize campaign efforts through robust reporting and analytics
Bottom Performers focus on cost cuttingDecrease customer acquisition costsMaximize impact of marketing budgetOver-emphasis on reducing key marketing effortsImprove competitiveness and move focus from funnel
Top Performers focus more on getting new customers Improve lead funnel performance and customer lifetime valueAlign marketing and sales and urge collaborationMeasure effectiveness of each individual campaign, fine-tune
Bottom Performers unsure if Social Media works1 in 3 SMBs report SM is either not working or do not know if it is working for themUncertain of click-through rates from new customersNo insight on real-time multi-channel optimization
Top Performers use a combination of online marketing tacticsUtilize email, web, and social media programs repeatedlyEngage with prospects via multiple touch pointsReach targeted customers that subscribe to select venues
Bottom Performers pass off leads much earlier43% pass off leads in less than 1 month25% hold onto leads for more than 3 monthsProspects pushed through funnel pre-maturely or too late
More than 50% of Top Performers nurture leads from1 to 3 monthsNurture before passing them on to salesCultivate leads and provide information needed to evaluate product/serviceProspects demonstrate key indicators prior to reaching sales
44% of Bottom Performers are not measuring anythingDon’t measure and make uneducated guessesUnable to quantify print advertising campaignsResort to reactive tactics leading to no recipe for successUncertain who is visiting their web site
Top Performers analyze virtuallyeverythingCost per lead and qualified leadTime period of qualified lead and cost per new customerTrack and measure real-time results for actionable campaign adjustments
Bottom Performers tend to create silosLess likely for sales and marketing teams to collaborateDefinition and execution of marketing efforts are not coordinatedSales and marketing deliver on separate effortsCustomer insights gained are not shared
Sales and Marketing teams of Top Performers collaborateDefine marketing programs – set revenue targets, goals and lead qualification criteriaEstablish cross-team communication channelsUse shared, real-time intelligence from CRM and Marketing Automation systemsManage, recycle and reassign sales leads based on behavior
Bottom Performers cut and await better days56% cut their marketing budgetOnly 15% increased hiring to take advantage of opportunitiesTend to decrease investments in partnerships and channels
Top Performers are far less likely to reduce spendingOne-third reported a reduction in marketing budgetsOne-third have increased hiring to take advantage of opportunitiesTend to invest in software to understand precise value of marketing activities