how to use content marketing to improve the sales cycle
TRANSCRIPT
Three Strategies That Together
Will Double Your Sales
Productivity: How to Use Content to Drive More Sales
Webinar 2 of 4: Content Marketing
Tim FureyCEOMarketBridge
Matt HeinzPresidentHeinz Marketing, Inc.
©2014 MarketBridge Corp.– 2 –
“57% of a typical purchase decision is made before a customer even talks to a sales rep.” CEB
“67% of the buyer’s journey is now done digitally” Sirius Decisions
“Only 29% of sales reps, complain buyers, are well prepared to engaged with them” IDC
“76% of customers prefer to receive content unique to their stage in the buying process” Pardot/SFDC
“90% of next year’s revenues will come from existing customers and prospects currently in the pipeline”
MarketBridge
©2014 MarketBridge Corp.– 3 –
Meet
Joe
How Does a Typical Sales Professional Leverage
Technology?
©2014 MarketBridge Corp.– 4 –
Joe has a diverse sales funnel…
Active opportunities+
people Joe is talking to on a regular basis
Used to be in a cycle but went cold
Once joined a couple meetings
Just plain unqualified (today)
No idea what the company does
Attended a webinar once
“Old School” Sales Model
…all opportunities in CRM system but hehas limited time and coverage capacity
©2012 MarketBridge Corp.– 5 –
Traditional Approach to Increasing Sales Productivity
A
B
C
D
E
Traditional Strengths Create “priority-based” pipeline segmentation Focus inside sales and field sales efforts on highest
value opportunities
Improve near-term revenue yield per sales hour by focusing on “hottest” opportunities
Common Weaknesses Ignores C-E opportunities
• Results in lost accounts Emphasizes “in-quarter” Sales
• Fails to nurture longer term buying cycles Uneven Sales team acceptance
• Sales teams rely on own judgment; 3rd party “qualified” leads are weak, not ready to buy
Relies on phone, F2F prospecting and lead qualification• Multiple, costly attempts at customer calendaring
Lacks personalized digital content• Misses growing buyer preference for digital interaction
Prioritize leads and customers based on demographic, BANT profiling……creating a Sales pyramid for account and call prioritization
“Hot”
“Warm”
“LowerPriority”
©2014 MarketBridge Corp.– 6 –
Creating the “Technology-Leveraged Sales Rep”
SocialSelling
Content Marketing
Predictive Analytics
• Rich prospect/customer profiles• Signals of intent & interest• Network connections• Communication via channels other than
email and phone
• Curate, personalized digital content• Tracked response and engagement• Connects Marketing to Sales
• Lead/Account scoring• Cross-Sell Scoring (e.g. next offer)• Loyalty/Retention Scoring• Optimized context-relevant content
©2012 MarketBridge Corp.– 7 –
Redefining the Sales Coverage Model
A
B
C
D
E
Traditional Approach:Priority-based customer
scoring and Sales coverage
Active Deals
Renewals
Cross-Sell
Marketing Qualified Leads
Unqualified Prospects
Breakthrough Approach:Profile-based customer engagement
thru multi-channelSales & Marketing programs
©2012 MarketBridge Corp.– 8 –
Tech-Leveraged Sales Coverage:Digital + Data = Quantum Growth in Sales Productivity
Active Deals
Renewals
Cross-Sell
Marketing Qualified Leads
Unqualified Prospects
Revenue per Sales rep can see >30% increase thru the integration of social selling, predictive analytics, and digital content
❶Social Selling: Deeper Customer Profiling• Social Profiling• Interests and Activity• Network of contacts
❷Predictive Analytics: Targeted Contacting• Customer Segmentation and Personas• Account/Lead Scoring• Cross-Sell/Best Offer Scoring• Personalized Content
❸Content Marketing: Integrated Digital & Sales Coverage• Sales focus on “hot” opportunities• Inside sales w/ digital to focus on
renewals, cross-selling• Personalized digital content w/ Marketing
DigitalEngagement
SalesEngagement
©2012 MarketBridge Corp.– 9 –
Content Marketing for Sales
EnablementContent Marketing Expert – Matt Heinz
©2012 MarketBridge Corp.– 10 –
A direct line to revenue growth
©2012 MarketBridge Corp.– 11 –
My definition of sales enablement
©2012 MarketBridge Corp.– 12 –
This doesn’t write checks!
©2012 MarketBridge Corp.– 13 –
People & problems, not products
©2012 MarketBridge Corp.– 14 –
What do your customers care about?
©2012 MarketBridge Corp.– 15 –
The buyer progression
Problem/
PainSolution Objective/
Outcome
©2012 MarketBridge Corp.– 16 –
Prospect Engagement Funnel
Customer Targets (based on persona profiles)
Network / Open CommunityChannels: Twitter, Facebook, Blog, LinkedIn
Goal: Drive Registration
Drip MarketingChannels: Email Newsletters, CRM System
Goal: Drive Active Prospects
Active Sales CycleChannels: CRM, 1:1
Goal: Sell
New
Customer
Next Step Accelerator Ideas
Network-exclusive access to content
Value-added special offers
Discovery events
White papers, top ten tips, etc.
Testimonials, Success Stories
Profile-Specific Messages
New product/service offers
New Opportunity Alerts
1:1 with Existing Customer
In-Market Events
Referral & Tell-a-Friend Offers
Network / Community Invites
©2012 MarketBridge Corp.– 17 –
Enumerating needs by role & stage
Audience
Vertical#1
CEO
IT/CIO
CFO
CMO
Audience
Vertical#2
CEO
Drivers PainPoints ValuePropositions(bulletpoints) KeyMessages
KeyMessagesDrivers PainPoints ValuePropositions(bulletpoints)
©2012 MarketBridge Corp.– 18 –
Getting sales to use your content
1. How does your content help make them
money?
2. Get sales leadership to buy in first
3. Show examples of how it works
4. Teach, train, launch, reinforce, measure &
celebrate
5. Create systems to make it easier
©2012 MarketBridge Corp.– 19 –
8 keys to successful collaboration
1. Common objectives
2. Common definitions
3. Common compensation/objectives
4. Executive sponsorship
5. Up-front planning
6. Daily-weekly triage
7. Offline relationship building
8. Measure before & after team satisfaction
©2012 MarketBridge Corp.– 20 –
How to measure collaboration
1. Focus on fewer metrics (not more)
2. Establish a baseline first, then measure the lift
3. Compare opportunity & sales output to total cost
of resources
4. Measure before and after satisfaction
©2014 MarketBridge Corp.– 22 –
The Technology-Leveraged Sales Rep
SocialSelling
Content Marketing
Predictive Analytics
• Rich prospect/customer profiles• Signals of intent & interest• Network connections• Communication via channels other than
email and phone
• Curate, personalized digital content• Tracked response and engagement• Connects Marketing to Sales
• Lead/Account scoring• Cross-Sell Scoring (e.g. next offer)• Loyalty/Retention Scoring• Optimized context-relevant content
©2014 MarketBridge Corp.– 23 –
Coming Soon!
©2014 MarketBridge Corp.– 24 –
There’s No Reason Not to Become “Tech Leveraged” in 2015!
MarketBridge is advancing the state-of-the-art in
tech-enabled Sales and Marketing teams to help its customers
achieve as much as >30% Sales productivity improvement
Coming in Q1 2015:
A powerful new UI that brings Social, Predictive, and Digital Content to
both Sales and Marketing desktops
We are actively screening for beta clients…interested in learning more? Schedule your 20-minute “glimpse of the future” through the survey at the end of this presentation.
– 25 –
WEBSITE
MarketBridge
Website
OUR COMMUNITY WEBINAR SERIES
www.market-bridge.com www.the-digital-bridge.com
Today: Recap & Content Marketing
3rd Session: Recap & Predictive Analytics
Final Session: Tying it Together –A Breakthrough App
Webinar Series
Thank You !
Matt HeinzPresident Heinz Marketing, Inc.
Tim Furey CEOMarketBridge