Sales Lead Management AssociationSM Newsletter
In this Issue
►Mid-Year 2008 Marketing Study
Presented by BtoB Magazine and the
Sales Lead Management Association - James Obermayer, Executive Director,
Sales Lead Management Association
►Measuring B2B Lead Generation Campaigns - By John M.
Coe, President, Protocol B2B
►Sales Software - How To Determine If It's Pushing You
Forward Or Holding You Back - by Patrick Cahill: Senior Associate,
Wellesley Hills Group
►Sales Leads are a lot more like Fresh Fish than Fine
Wine!! - By Mark Friedman, Partner, Cerius Consulting Group
►Five
Keys the Marketer Needs for Sales To Work Their Leads - By Chris
Edwards:The
AdTrack Corporation
►CRM, Where is
Your Customer and Your Relationship?- By Bill Rice,Founder and CEO
of Kaleidico
►B2B
Marketers Learn How to Drive Sales Wild!
Mid-Year 2008 Marketing Study Presented by
BtoB Magazine and the
Sales Lead Management AssociationSM
By
James Obermayer, Executive Director,
Sales Lead Management Association
This report contains research and
opinions on marketing spending in the last half of 2008, obstacles
to spending marketing dollars to drive sales, immediate priorities
for the remainder of 2008, the percentage of business from sales
inquiries, and the percentage of salespeople who report on the
disposition of inquiries. These results were published originally by
BtoB Magazine in its BtoB Special Issue S15, Lead Generation Guide
2008. A digital version is available online.
Overview
In May, 2008, BtoB Magazine and the Sales Lead
Management Association surveyed its membership and circulation list
to find out:
1. Are B2B marketers going to spend more or less on
inquiry generating programs from July to December in 2008?
2. What are their obstacles to spending more money on marketing to
drive sales?
3. What are their immediate priorities for the remainder of 2008?
4. What percentage of new business comes from sales inquiries?
5. What percentage of salespeople report on the disposition of sales
inquiries?
The Survey Process
The survey was done via email on Wednesday, May
14th. A total of 20,370 emails were sent to the circulation list
for BtoB and the membership list of the Sales Lead Management
Association. 273 responses were received and the survey was closed
to responses at approximately 6 PM on Sunday May 18th. For some
questions the entire 273 respondents answered, for others a smaller
percentage responded and their response was taken as a weighted
response from their particular group. We did not ask titles and
industry classification.
Read the rest of Mid-Year 2008 Marketing Study Presented by BtoB
Magazine and the Sales Lead Management Association.
Measuring B2B Lead Generation Campaigns By John M. Coe,
President, Protocol B2B
In
the past 50 years and probably in the next 50, the primary role of
B2B marketing communications is to generate inquiries and leads for
the sales groups to follow-up and close. Yes, brand advertising is
important, creating collateral is needed and developing an effective
trade show is always required. But, when it comes time to justify
the marketing communications budget the only result that produces
identifiable revenue are the leads that have been generated and
turned over to the sales groups for conversion.
That's when the problems start. First, what to measure is the first
question? On one end of the spectrum is the recorded data that
marketing communications has on the number of raw inquiries and
qualified leads handed to the sales group. On the other end are the
sales groups who only will point to only a few leads that were
"worth anything". That is, of course, if they will even admit that
there was a lead that they didn't already.
Read the
rest of Measuring B2B Lead Generation Campaigns - By John M. Coe, President, Protocol B2B.
John is President and Founder of the Sales & Marketing Institute.
His background includes experience on both the sales and marketing
side of this important issue. On the sales side, John was a field
sales person, national sales manager and executive in charge of both
sales and marketing for two firms. On the marketing side, he ran a
B2B direct marketing agency for 10 years, was National Campaign
Manager at IBM and Sr. VP of Rapp Collins Worldwide. He has been
measuring lead generations campaigns for a long time and has the
scares to prove it. He can be reached at by calling 480-348-2500 or
by email at [email protected]
Sales Software - How To Determine If It's Pushing You
Forward Or Holding You Back
by Patrick Cahill: Senior Associate, Wellesley Hills Group
Professional service providers can now use sales technology (such as
Salesforce.com) to become lead generating and nurturing machines.
Automated timed e-mails, the distribution of new leads to the proper sales
professionals, follow-up reminders, and
the recording of e-mail communication with leads are just some examples
of how the right sales software can help business developers sell
more.
Unfortunately, some service firms I have worked with look at their
sales technology as a hindrance or as something to train for when
one "has the time." If the talk around your
company's water cooler touches upon such things, it's time to take a step back
and think: Do people like to complain or is our sales technology
slowing business down?
How do you begin to answer this question? Let's evaluate your sales
technology with some key questions and decide if you've got a bunch
of complainers or legitimately frustrated
business developers.
The key aspects:
- Ease of Use
- Time
- Integration
- Accessibility
- Scalability
Before we delve into these topics, note that some issues may not
require new software. You might simply need to train your people or
optimize your software.
Read the rest of Sales Software - How To Determine If It's Pushing
You Forward Or Holding You Back
-by Patrick Cahill: Senior Associate,
Wellesley Hills Group.
Patrick Cahill is a Senior Associate with
Wellesley Hills Group (www.whillsgroup.com),
a consulting and marketing services firm that helps professional
service companies to grow. Patrick can be reached at [email protected].
Sales Leads are a lot more like Fresh Fish than Fine
Wine!!
By Mark Friedman, Partner, Cerius
Consulting Group
Two
recent studies indicate that the process of sending qualified lead
to a company's sales organization is fundamentally broken.
In the first study, it was found that 70% of all Trade Show Leads
are never followed up by sales. All the time, effort and money spent
attracting people to the company's
trade show booth was practically wasted. Additionally, in a second study
conducted by Performark, they found that 60% of Business-to-Business
leads took over 60 days for the company to follow up.
Over the years, numerous advertising studies have consistently
indicated that when companies inquire about one of your products or
service, 20% of those end up purchasing
them from someone – either you or your competition - within 6 months and 45%
end up purchasing within 12 months.
So what is the implication for your
Sales Lead Management program?
Speed matters: the first company to respond to a qualified lead
stands a better chance of closing the deal. And this is why sales
leads are a lot more like fresh fish than fine
wine; sales leads do not age well! It is critical that a company optimize
their processes to quickly and efficiently respond to qualified
leads.
Read the rest of Sales Leads are a lot more like Fresh Fish than
Fine Wine!! - By Mark Friedman,
Partner, Cerius Consulting Group
Mark Friedman is an experienced, results - oriented executive with
over 20 years of proven success in managing Sales, Sales Lead
Management, Telemarketing, Marketing and Customer Service. Notably,
world-renown consulting giant Accenture and the Distribution
Research and Education Foundation have recognized one of his
programs as a Wholesale Distribution Industry Sales "Best Practice";
the program overview was published in "Maximum Sales Velocity:
How to Build a World-Class Sales Organization" by David P.
Woodrow. Watch
Mark's Video - "Eliminate the Black Holes in your Sales and Marketing Process and Increase Your Bottom Line Results"
Five Keys the Marketer Needs for Sales To Work Their Leads
By Chris Edwards: The AdTrack Corporation
Perhaps
one of the most frustrating things in the life of a marketing
manager is trying to solve the riddle of how to get a sales rep to
follow up on a lead that they generated. In many ways, it's like
giving a gift to someone that they never open.
Think about it…
And then they don't
even bother to open it or tell you if they liked it (and let's not
get into the ‘thanking' part).
Isn't that how it
often seems to work with sales leads? The marketer…
- Has solicited
feedback from the sales team about the kind of leads they need
- Has created
messages that speak directly to generating interest based on sales
input
- Has done market
research to find the best places to reach this audience
- Has put in place
a lead distribution process to get the lead into the hands of the
rep
And then the rep
either doesn't bother to follow up on the lead or report the result.
So how do you fix
this? It's a question I'm asked on a daily basis, and my answer is
simple, and the five key components are the same regardless of
industry or even channel type.
Read the rest of Five Keys the Marketer Needs for Sales To Work
Their Leads - By
Chris Edwards: The AdTrack Corporation.
Chris Edwards is the Vice President of Sales and Marketing at The
AdTrack Corporation, a full service lead management and literature
fulfillment company.
CRM, Where is Your Customer and Your Relationship?
By Bill Rice, Founder and CEO of Kaleidico
Customer
Relationship Management is the bane of most senior executives'
existence. It has been preached as the silver bullet for most of
their careers, but is rarely executed. Why do 90% of these
implementations fail? Why does sales hate every system? Why does
marketing work around it? The answer is simple--we don't start with
a Customer or a Relationship!
CRM Needs a Little Lead Management
Sales people spend the majority of their productive lives generating
and cultivating prospects. The good ones spend the balance of their
efforts turning them into life long relationship buyers.
Unfortunately, the software that is built for them is deficient. And
the deficiency is cleverly hidden in the name--Customer
Relationship Management.
What helps them manage their efforts in Prospect Management or Customer Acquisition? Prevailing practice would reveal
notepads, spreadsheets, and sticky notes. Not a formula for the GTD
(Getting Things Done) lifestyle.
There is an alternative--Lead Management. Smart sales organizations
are watching their sales pipelines bulge and their pull-through
rates launch with the implementation of simple lead management
processes and software.
Read the rest of CRM, Where is Your Customer and Your Relationship?-
By Bill Rice, Founder and CEO of Kaleidico.
Bill Rice is the
Founder and CEO of Kaleidico, a privately held lead management
software firm focused on making Internet marketing and sales simpler
and more productive. Products include: icoSales, a sales management
solution and icoMatch, a lead distribution platform.
Bill
has been a much sought after speaker at
such events as Leads2007, LeadsCon, the Ohio MBA conference, as well
as the Online Lead Quality Summit. Bill frequently provides insight
on his very popular sales blog, BetterCloser.com and lead market
analysis at LeadMarketwatch.com. Inquiries into scheduling
engagements can be made at sales at http://kaleidico.com
B2B Marketers Learn How to Drive
Sales Wild!
BearingPoint's
Global Director of Integrated Marketing, Paul Dunay, (a FirstWave
customer), recently shared his experience developing a lead scoring
and nurturing system for his organization. According to Dunay, B2B
marketers are reporting a 60% increase in the length of the buy
cycle because of the down economy. By implementing a lead scoring
system, BearingPoint has increased its qualified leads by 78% and
decreased its buy cycle time, from months to weeks.
The Webinar was
moderated by Andrew Gaffney , Editor of Demand Gen Report; both
Gaffney and Dunay stressed the importance of segmenting and
communicating with leads on a regular basis - 5 times on average,
for optimal results. The Webinar was hosted by FirstWave; an
archived version is available on-line at http://www.firstwave.com/webinar/leadscoringandnurturing.aspx.
For more information on FirstWave, visit http://www.leadlife.com.