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10 Lead Nurturing Fundamentals




            #AOWEB
Today’s Presenters




     Jeff Linton               Janelle Johnson
Product Marketing Manager      Director, Demand Gen
      @jeffreylinton             @janelle_johnson
Lead Nurturing Defined


A sustained relationship with
influencers and decision-makers in a
potential customer, through which
relevant and valuable insight is
delivered through integrated channels
in a coordinated process, in exchange
for increasing intimacy and influence.”
- Forrester Research
Why You Can’t Ignore Lead Nurturing



70% of the qualified leads that
make it to sales get disqualified
          or discarded

often because they just aren’t
      ready to buy now
But 80% of those “bad” leads
  will ultimately go on to buy
     from you – or from a
competitor – within 24 months
Nurture them until
they’re ready to buy.
10 Tips for Lead Nurturing
Tip #1


                       Start simply.

Build a simple framework and launch quickly
• You'll see ROI more quickly

For a more complicated plan, launch it in steps
• Analyze the results of each step before executing the next
  Don’t make it more complex than it needs to be; the theory is that

80% of the benefit of lead nurturing is achieved
by the first 20% of effort
Tip #2


 Align with sales so you understand buyers'
         profiles and specific needs.
Agree on what a qualified lead looks like for your company


Establish criteria to determine the difference between an
inquiry, prospect, marketing-qualified lead, sales-qualified
lead, etc.

Understand what signals buyers give as they progress through the
pipeline from stage to stage.
Tip #3


                  Keep score.

Begin to develop a lead scoring model, and assign
numerical values to each characteristic.

Determine which contacts need more education
before taking the next step toward conversion.

Review your established criteria with your sales team
and start with something well-considered...but simple.
Tip #4

 Develop content that addresses the needs
               of buyers.
61% of technology buyers want content that directly addresses
the issues they face at each point in the decision process
 • Knowledge Storm/Marketing Sherpa


Create different types of content

 • Product comparisons, ROI Calculators, Videos, and Case Studies

Address each phase of the education process separately, and fold
those content pieces into your nurturing campaigns
Tip #5


Avoid on-off messaging that serves your own
            short-term interests.
Sending one-off individual emails without considering the
prospect’s recent behavior could get you labeled as irrelevant
Develop coordinated campaigns with a series of scheduled
offers
Then track, evaluate and respond to
opens, clicks, registrants, etc.
Tip #6


    Remember that cadence counts.

Goal is to educate your prospects and, in
turn, accelerating their buying cycle

Develop the right frequency and messaging to place in
front of prospects is critical

85% of tech buyers said they need to encounter at
least three pieces of content before engaging with a
solution provider
• Knowledge Storm/Marketing Sherpa
Tip #7


            Plan for progression.

Build forms and landing pages that allow prospects to
fill in their contact information just once—usually the
first time they download a piece of content

Adopting progressive profiling practices which allow
you to collect a little more information about
prospects each time they engage.
Tip #8


Establish rules for the handoff, and make it
                  two-way.
Plan and establish a speedy, seamless process for passing
nurtured leads to sales


Once a genuine, proven buying signal has been given, it's
critical to pass the lead as soon as possible

Develop a process to send “delayed” leads back to
marketing to be nurtured until they are ready and able to
buy
Tip #9


                 Wake the “dead.”

Don't ignore contacts in your CRM system or marketing
database that you wrote off when they stalled in the
pipeline


Find ways to re-engage those contacts with new content.
Tip #10


            Set up metrics to track progress.

Track measurable indicators

 • How often you get certain data to further qualify or segment leads
 • Click-through rates
 • Conversions through each stage
 • Time to conversion
 • Etc.

Track the conversion rate at each stage of the funnel to improve
overall performance & quantify marketing’s contribution
Integrated Marketing Platform




    World-Class E-mail                 Complete Set of Tools                Approach & Terms
    Marketing Core &                     on One Platform                        that Work
      Deliverability               •    Drip/Nurturing, Web             •   Start Simple, Automate at
                                        Analytics, Landing                  Your Own Pace
•   Third-Generation Email              Pages, Forms, Scoring, CRM
    Marketing Platform                  Integration, Social             •   Affordable Pricing; Month-
                                        Media, Reporting and More           to-Month Contracts
•   No extra charge for
    deliverability
                                   •    Focus Usability, Simplicity &   •   Live Customer Support – At
                                        Manageability                       No Additional Costs

     #AOWEB               Demystifying Marketing Automation by Design
Ready to Learn More?
    Sign up for a demo:
           act-on.com

  blog.actonsoftware.com

          Can’t Wait?
Call our hotline at: 1 (877) 530-1555
    Email us: sales@act-on.net

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10 Lead Nurturing Fundamentals

  • 1. 10 Lead Nurturing Fundamentals #AOWEB
  • 2. Today’s Presenters Jeff Linton Janelle Johnson Product Marketing Manager Director, Demand Gen @jeffreylinton @janelle_johnson
  • 3. Lead Nurturing Defined A sustained relationship with influencers and decision-makers in a potential customer, through which relevant and valuable insight is delivered through integrated channels in a coordinated process, in exchange for increasing intimacy and influence.” - Forrester Research
  • 4. Why You Can’t Ignore Lead Nurturing 70% of the qualified leads that make it to sales get disqualified or discarded often because they just aren’t ready to buy now
  • 5. But 80% of those “bad” leads will ultimately go on to buy from you – or from a competitor – within 24 months
  • 7. 10 Tips for Lead Nurturing
  • 8. Tip #1 Start simply. Build a simple framework and launch quickly • You'll see ROI more quickly For a more complicated plan, launch it in steps • Analyze the results of each step before executing the next Don’t make it more complex than it needs to be; the theory is that 80% of the benefit of lead nurturing is achieved by the first 20% of effort
  • 9. Tip #2 Align with sales so you understand buyers' profiles and specific needs. Agree on what a qualified lead looks like for your company Establish criteria to determine the difference between an inquiry, prospect, marketing-qualified lead, sales-qualified lead, etc. Understand what signals buyers give as they progress through the pipeline from stage to stage.
  • 10. Tip #3 Keep score. Begin to develop a lead scoring model, and assign numerical values to each characteristic. Determine which contacts need more education before taking the next step toward conversion. Review your established criteria with your sales team and start with something well-considered...but simple.
  • 11. Tip #4 Develop content that addresses the needs of buyers. 61% of technology buyers want content that directly addresses the issues they face at each point in the decision process • Knowledge Storm/Marketing Sherpa Create different types of content • Product comparisons, ROI Calculators, Videos, and Case Studies Address each phase of the education process separately, and fold those content pieces into your nurturing campaigns
  • 12. Tip #5 Avoid on-off messaging that serves your own short-term interests. Sending one-off individual emails without considering the prospect’s recent behavior could get you labeled as irrelevant Develop coordinated campaigns with a series of scheduled offers Then track, evaluate and respond to opens, clicks, registrants, etc.
  • 13. Tip #6 Remember that cadence counts. Goal is to educate your prospects and, in turn, accelerating their buying cycle Develop the right frequency and messaging to place in front of prospects is critical 85% of tech buyers said they need to encounter at least three pieces of content before engaging with a solution provider • Knowledge Storm/Marketing Sherpa
  • 14. Tip #7 Plan for progression. Build forms and landing pages that allow prospects to fill in their contact information just once—usually the first time they download a piece of content Adopting progressive profiling practices which allow you to collect a little more information about prospects each time they engage.
  • 15. Tip #8 Establish rules for the handoff, and make it two-way. Plan and establish a speedy, seamless process for passing nurtured leads to sales Once a genuine, proven buying signal has been given, it's critical to pass the lead as soon as possible Develop a process to send “delayed” leads back to marketing to be nurtured until they are ready and able to buy
  • 16. Tip #9 Wake the “dead.” Don't ignore contacts in your CRM system or marketing database that you wrote off when they stalled in the pipeline Find ways to re-engage those contacts with new content.
  • 17. Tip #10 Set up metrics to track progress. Track measurable indicators • How often you get certain data to further qualify or segment leads • Click-through rates • Conversions through each stage • Time to conversion • Etc. Track the conversion rate at each stage of the funnel to improve overall performance & quantify marketing’s contribution
  • 18. Integrated Marketing Platform World-Class E-mail Complete Set of Tools Approach & Terms Marketing Core & on One Platform that Work Deliverability • Drip/Nurturing, Web • Start Simple, Automate at Analytics, Landing Your Own Pace • Third-Generation Email Pages, Forms, Scoring, CRM Marketing Platform Integration, Social • Affordable Pricing; Month- Media, Reporting and More to-Month Contracts • No extra charge for deliverability • Focus Usability, Simplicity & • Live Customer Support – At Manageability No Additional Costs #AOWEB Demystifying Marketing Automation by Design
  • 19. Ready to Learn More? Sign up for a demo: act-on.com blog.actonsoftware.com Can’t Wait? Call our hotline at: 1 (877) 530-1555 Email us: sales@act-on.net

Notas del editor

  1. Description:According to a recent report from Forrester Research, companies that excel at lead nurturing generate 50% more sales-ready leads, at 33% lower cost per lead. Similar findings hold across multiple studies; the value of lead nurturing has become clear. Nevertheless, most companies still don’t have well-defined nurturing strategies or processes in place. Nurturing delivers more leads, shorter sales cycles, higher close ratios, less discounting, and more revenue per transaction.In this session, Janelle Johnson and Jeff Linton will discuss ten fundamentals for nurturing prospects from end to end, from that first contact to the closed deal. Speakers: Janelle Johnson, Director of Demand Gen and Jeff Linton, Product Marketing Manager at Act-On Software
  2. Intros.
  3. Janelle
  4. Jeff
  5. Jeff
  6. Janelle
  7. Janelle
  8. JeffStart simply. Lead nurturing tactics can be very sophisticated, but they don’t have to be. You can build a simple framework and launch quickly...which means you'll see ROI more quickly. If you create a more complicated plan, launch it in steps, so that you can analyze the results of each step before executing the next. Don’t make it more complex than it needs to be; the theory is that 80% of the benefit of lead nurturing is achieved by the first 20% of effort.
  9. JanelleAlign with sales so you understand buyers' profiles and specific needs. Work with the sales team to understand and define a buyer persona; get clarity and agreement about what a qualified lead looks like for your company and what the buyer's journey is. Establish common criteria to determine the difference between an inquiry, prospect, marketing-qualified lead, sales-qualified lead, etc. (or whatever segmentation and naming conventions your organization prefers). Understand what signals buyers give as they progress through the pipeline from stage to stage. It’s critical that sales and marketing align on these criteria and definitions.
  10. JeffKeep score. Whether you use prospect-provided explicit data such as BANT (Budget, Authority, Need, Timing), or implicit, observed data such as prospect behaviors, or both, do begin to develop a lead scoring model, and assign numerical values to each characteristic. Scoring leads will help you determine which contacts need more hand-holding or education before they can take the next step toward conversion. Again, this is easy to complicate. Review your established criteria with your sales team and start with something well-considered...but simple.
  11. JanelleDevelop content that addresses the needs of buyers. A recent study from Knowledge Storm/Marketing Sherpa found 61% of technology buyers want content that directly addresses the issues they face at each point in the decision process. It's not enough to have one white paper, and it's not enough to focus on a single channel. Buyers appreciate product comparison breakdowns, ROI calculators, videos, and case studies as they progress through the buying cycle. Start out by addressing each phase of the education process separately, and fold those individual content pieces into your nurturing campaigns.
  12. JeffAvoid one-off messaging that serves your own short-term interests. Too many marketers send one-off individual emails with this week’s sales messaging, without considering the prospect’s recent behavior or areas of interest. This could get you and your offerings labeled as irrelevant. Successful nurturers develop coordinated campaigns with a series of scheduled offers, and then track, evaluate and respond to opens, clicks, registrants, etc.
  13. JanelleRemember that cadence counts. The main benefits of nurturing are educating your prospects and, in turn, accelerating their buying cycle. To do that effectively you have to develop the right frequency and messaging to place in front of them, without being bothersome. Frequency is important. According to research from Knowledge Storm/Marketing Sherpa, 85% of tech buyers said they need to encounter at least three pieces of content before engaging with a solution provider. One of the most successful strategies to accomplish this balance is to develop a content piece you can deliver as a series, e.g. 10 Steps to Transform…, and then deliver a different message around each step over a 10-week process.
  14. JeffPlan for progression. Make sure your marketing department can build forms and landing pages that allow prospects to fill in their contact information just once—usually the first time they download a piece of content—and then recognize the returning prospect. This alleviates the nuisance factor of having to fill out a form (again), and sends a smart, friendly signal. The next step to consider is adopting progressive profiling practices which allow you to collect a little more information about prospects each time they engage. This is a gentle process that begins with basic contact information, and then gathers more intelligence about needs, budgets, and timelines as the prospect feels more comfortable engaging with your brand. As this dialog progresses, you can exit a prospect from one nurture campaign and enter it in another campaign if it becomes more suitable to this prospect's evolving business needs or timing.
  15. JanelleEstablish rules for the handoff, and make it two-way. Plan and establish a speedy, seamless process for passing nurtured leads to sales. Once a genuine, proven buying signal has been given, it's critical to pass the lead as soon as possible. Statistics show that the likelihood of closing a sale drops off dramatically with even a day’s delay, so a real-time handoff is important for effective follow-through. The handoff must go both ways. Leads that appear to marketing to be sales-ready may be disqualified by sales, based on budget, timing, or some other factor that will eventually resolve. These temporarily disqualified leads must come back to marketing. You’ve already invested in a relationship with them and you may have an opportunity to close them later on. (Statistically, you’ll get that second chance within 24 months.) Develop a process to send these “delayed” leads back to marketing, where they can be nurtured until the issues are resolved and they are ready and able to buy.
  16. JeffWake the “dead.” Are there contacts in your CRM system or marketing database that you wrote off when they stalled in the pipeline? Don't ignore them; find ways to re-engage those contacts with new content. In some cases the dead-lead pile can prove to be very fertile ground for farming new deals. “Nurturing capabilities can be integrated into the sales process to re-engage ‘dead’ opportunities and bring more of them back to life,” suggested Dave Green, co-author of The B2B Refinery and Director of Best Practices, Applied Research, for MECLABS. “For example, survey all the dead leads to find out what’s changed, and use those answers to offer solutions in subsequent email campaigns to get the opportunity back on track.”
  17. JanelleSet up metrics to track progress. Track measurable indicators, such as how often you get certain data to further qualify or segment leads; click-through rates; conversions through each stage; time to conversion; and so on. As you nurture these prospects and measure your results, you can influence the percentage who progress from a prospect to a lead to a sales-qualified lead and ultimately an opportunity. By tracking the conversion rate at each stage of the funnel, you can improve overall performance and ultimately quantify marketing’s contribution.
  18. JeffNurturing is only one part of a bigger piece. Act-On has made it extremely easy – removing the complexity to Marketing AutomationStarting with word class EMAIL – then we give a rich set of tools - all in a single platformThis combination has proven to be very successful in giving back time to the marketer to focus on Increasing Revenue. Next step.
  19. JeffThank you for your time today. I invite you to visit Act-On.com to learn more about how we can help you achieve your marketing goals.