Matt Heinz

Ten marketing lessons from DemandCon

comments 0 comments  |  953 reads

Two packed days of great content, sharing, networking and learning just wrapped up in San Francisco at the first DemandCon. Impressive quality of people and thinking here focused on B2B demand generation, marketing automation and sales funnel improvement. You know a good conference when the word "firehose" is used often.

My notes from the past 48 hours are vast with much left to think about, but here are 10 immediate lessons for marketers worth sharing.

1. Define the process first, invest in tools later
Tools without strategy are a waste of time and money, and at best will represent unfocused shots int he dark. Tools are built with a specific purpose and function, and until you have a sense for your marketing strategy and process, you really don't even know which tools you'll need, and how you'll use them. Draw up the process first, then seek the right mix of tools to help you enable and automate that process as much as possible.

2. The sales process must mirror the buying process
It doesn't matter what sales process worked at your last company. It doesn't matter what you're most comfortable implementing. What matters most is how your buyer wants to buy. The path they take, and how you build a process around that to create a frictionless sale when the prospect is ready to move forward. Anything less than this creates friction, frustration from the buyer, funnel abandonment and lower conversion rates.

3. Lead nurturing does not require expensive tools
There are some fantastic tools available to marketers to automate their lead nurturing, but you don't need them to get started. Again, strategy first, then decide what tools will help you given the time, resources and budget available. If you don't have the ongoing bandwidth to manage marketing automation software, think twice before making that investment.

4. If you're feeling behind on all this, you're not alone
Some amazing companies, experts and consultants shared their marketing automation success stories this week. What they've accomplished and implemented is far beyond what most companies are doing today or have in their near future. But don't let this intimidate you from getting started, mapping out a more buyer-centric sales process, and thinking about the immediate steps you can create to begin generating, nurturing and fulfilling a larger pipeline of business that extends much farther back into the buyer's decision-making process.

5. The funnel concept isn't as relevant as it used to be
The buying process isn't linear. It doesn't go station to station. And it doesn't end after the first sale. Buyers enter and leave the buying process at will, often randomly and without notice. They move two steps forward, and then one back. They stall but refer you to others. Use the concept of a funnel, perhaps, to guide your overall thinking about the sales process, but map your specific customer's actual purchase behavior without a shape, format or linear process in mind.

6. Marketers need to think like salespeople
Your job as a marketer isn't to create collateral. Or build the trade show booth. Or find new lists for the sales team. Your job is to help buyers buy. Educate future buyers. Provide value at every stage of the buying process in a manner that's measured and evaluated based on opportunity creation and closed business. Should marketers be compensated like salespeople? Should they have a quota for new qualified opportunities passed to sales? Maybe. But at minimum, they need to think, act and prioritize their work based on funnel growth, movement and conversion.

7. Marketing stories need to remain consistent through the entire funnel
Great marketers tell stories. They create visceral reactions among prospects, and paint a picture of success that's compelling beyond the bells and whistles of what they're actually buying. Too often, that story ends when a qualified lead heads off to the sales team. It is the marketing team's responsibility to ensure message and story consistency through to the close. Because if the sales team tells a different story, if they wake the prospect up from their "vision of the future" dream, it's like starting the process all over again.

8. Marketing metrics need to tie to revenue, not activity
Email volume is interesting but secondary. Twitter followers is great, but a means to an ends. Marketers need to be better at identifying, tracking and communicating their performance based on revenue-focused metrics. Not every marketing activity directly leads to revenue, but it's contribution, the causality of marketing activity in accelerating the path to sale, needs to be clear.

9. None of this works without great content
Great systems, automation, a well-defined sales process - it all falls apart if you cannot effectively communicate with prospects, with the right message at the right time. This requires great content that's relevant to your audience, segmented as necessary to keep them engaged and attracted to your brand and your story. Most of this content will deliver value, differentiate, build preference, and not explicitly sell.

10. Your ROI from a good conference is you to you, not the conference
It's up to you to meet new people, make connections, find the ties between what you're learning and what you can do back at the office to do your job better. A good conference organizer gives you all the tools to do this - great content, cocktail receptions, relevant vendors. But it's up to you to make eye contact, meet new people, share and receive ideas, and walk away with that firehose of fresh perspective, insight and inspiration.


Republished with author's permission from original post by Matt Heinz.

Matt Heinz

Matt Heinz is a national speaker and author, and his most recent book is Successful Selling. He is President of Heinz Marketing Inc, a Seattle area Marketing Agency focusing on Sales Acceleration. Matt's career has focused on delivering measurable results for his employers and clients in the way of greater sales, revenue growth, product success and customer loyalty.
0
No votes yet
 

0 comments »

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.

MarketPlace

Global Customer Experience Management (CEM) Certification Program

[May 30-31, Frankfurt; July 25-26, Hong Kong] An internationally recognized program with proven track record of success - being run for 34 times in 13 cities with attendees from 50 countries, the program is developed based on the U.S. patent-pending Branded CEM Method which aims to drive customer loyalty and brand differentiation with quantifiable business results. Limited offer: USD300 early bird discount.

Register today for Confirmit’s Mobile Research Roadshow!

Join us on May 29th in New York City. Stuart Ryder, SVP, Mobile Research Lead for Ipsos IOTX & Roxana Strohmenger, a leading Forrester analyst, will be in attendance to share best practices and new trends in mobile market research.

Register today for Confirmit’s San Francisco VoC Roadshow!

[June 12, Sir Francis Drake Hotel] Gregson Siu, Vice President, Ariba Business Operations, Ariba and Bob Thompson, CustomerThink, will be in attendance to share best practices, new trends and latest research to help you develop your customer experience program.

Social Networking and sCRM International Congress in Colombia

[June 25-26, Bogota] Thirteen international thought leaders will present, from different perspectives, the trends, the uses, and the magic - as well as the reality - of Social Networking and how it impacts the way customers are doing/will do business.

Driving ROI With VoC

Walker has identified multiple ways to measure ROI – there is not a one-size-fits-all solution. This paper will address each and conclude with some recommendations to help B-to-B practitioners evaluate which ROI approach will work best for their particular business need.

Featured Links

Salesforce CRM

The leader in customer relationship management and cloud computing.

Strategic Roadmap for Digital Marketing

Free e-book (no reg required). 15 articles by digital marketing thought leaders.

Get your event or resource listed in the MarketPlace, reaching 200,000 business leaders monthly.
For more information, contact CustomerThink advertising sales.