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7 Marketing Habits of Today’s
Highly Successful SMBs




           www.act-on.com | @ActOnSoftware | #ActOnSW
Welcome! Thanks for joining us today.




Jeff Linton
Act-On Software
Sr. Manager, Product & Field Marketing
jeff.linton@act-on.com | @jeffreylinton




                    www.act-on.com | @ActOnSoftware | #ActOnSW
Agenda



• Background

• 7 Marketing Habits

• Next Steps




               www.act-on.com | @ActOnSoftware | #ActOnSW
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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

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7 Habis of Today's Highly Successful SMBs

  • 1. 7 Marketing Habits of Today’s Highly Successful SMBs www.act-on.com | @ActOnSoftware | #ActOnSW
  • 2. Welcome! Thanks for joining us today. Jeff Linton Act-On Software Sr. Manager, Product & Field Marketing jeff.linton@act-on.com | @jeffreylinton www.act-on.com | @ActOnSoftware | #ActOnSW
  • 3. Agenda • Background • 7 Marketing Habits • Next Steps www.act-on.com | @ActOnSoftware | #ActOnSW
  • 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

  1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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
  11. 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
  12. 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
  13. 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
  14. 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
  15. 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