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Insight Marketing
Shaping Customer Decision Criteria
to Your Advantage
Though growth indicators
are positive, customers
STILL CAUTIOUS
remain cautious in their
spending. Recent Indicators of Stability in B2B Spending
From the MARKETING LEADERSHIP ROUNDTABLE ™ 1 Manufacturers’ total new orders for durable goods, seasonally adjusted.
of the SALES, MARKETING, 2 Source: http://www.nytimes.com/2010/06/25/business/economy/25econ.html?src=busln; IT Spending and Staffing Benchmarks 2010/2011,
AND COMMUNICATIONS PRACTICE
www.marketingleadershiproundtable.com
Computer Economics; Marketing Leadership Roundtable research
2
Buyers’ cautious
purchase behaviors are
LOSING TRACTION
forcing suppliers to
compete head-to-head Challenges Emerging from Buyer Behavior
on rigid buying criteria.
“We don’t identify opportunities The average buyer receives six “Procurement organizations and
until they are 70% done with the event invitations in a week, which is purchase agents are rising in
purchase process…compared to more than they attend in an entire prominence as companies look
40% only a few years ago.” year. to contain costs and reduce
intangible spend categories.”
Source: Siemens Corporation Source: Enterprise Decision-Maker
Index Source: Procurement Strategy
Council research
Competitive Gridlock
Suppliers become aware of buyers
late in their purchase process, and
must compete under conditions that
constrain their ability to differentiate.
3
Suppliers are expanding
into thought leadership
CASTING THE CONTENT NET WIDE
to engage buyers
earlier with the aim of
being included in the Common Thought Leadership Topics Example of Thought Leadership Content
consideration set.
Original and third-party content dealing with:
■ Many marketers seek to ■ Market trends
establish thought leadership
by having a point-of-view, ■ Technologies
and supporting content, for
all issues and topics. ■ Regulatory activity
Fifty–eight percent of B2B Marketers claimed that among their top objectives was to position
their firm as a thought leader.
Seventy–seven percent of Marketers consider thought leadership marketing one of the most
important tactics for 2010.
4
Despite some success,
most suppliers struggle to
MOST CONTENT EFFORTS FALL SHORT
directly impact sales
performance with thought Effectiveness of Typical Content Approaches
leadership content.
■ Thought Leadership
content has yielded much Buyer’s Purchase Experience
success in the past in terms
of engaging the market, but
today there is a lot of content
Goal #I: Develop Prospect Pool Goal #2: Facilitate Selling Process
from many different sources,
reducing any one supplier’s Success metrics Success metrics
ability to stand out with this
practice. ■ Awareness ■ Prospect “Velocity”
5
Effective content teaches
customers something new
CHANGING THE GAME
and important and
establishes clear links Core Requirements of Successful Marketing Content
back to the supplier’s
advantages.
+
■ Content must also present
Stands out from other messages Links back to the nature and Reframes customers’
information that helps
with targeted, value of your decision criteria to
buyers re-think their
relevant, important, and unique capabilities and your benefit
framework for evaluating
unexpected information competitive advantages
suppliers, by presenting
new information about the
nature and worth of your
competitive advantages.
6
Messages that resonate
amidst the glut of
CUTTING THROUGH THE CLUTTER
content in B2B markets
adhere to five key Principles for B2B Marketing Content Resonance
principles.
7
To avoid competitive
gridlock, content must
CONNECT TO DIFFERENTIATORS
lead customers to
appreciate the supplier’s Depiction of Unique Versus Non-Differentiating Benefits
unique benefits.
Common
■ The best content leads Benefits Focusing on common benefits
back most directly to the only encourages comparison
areas where the supplier Competitors’ and reduces perceived
Company
outperforms competitors. Capabilities Capabilities
contrasts.
8
Teach customers
something unexpected
UNEXPECTED CONNECTIONS TO DIFFERENTIATORS
about how your unique
benefits help in adjacent Visual Depiction of Topics Explored in Insight Marketing Content
customer issues.
10
Customers want to be
taught unique, valuable
CUSTOMERS VALUE INSIGHT FROM THEIR SUPPLIERS
perspectives on the
market. Customer-Stated Priorities Across the Purchase Experience
Purchase Experience Loyalty Drivers
consultation
About the Analysis Portrays a realistic picture of
purchase costs and difficulties
Survey sample: 4,960 B2B
customers of 24 companies
Participants: Decision-makers Excels in diagnosing
our specific needs Helps me
and end users/influencers quantify
rated over 100 marketing Helps me improve my financial
Remains readily professional standing value
practices believed to accessible and meet KPIs
contribute to loyalty
Loyalty definition: An attitude Advocates for
me within the
that leads a customer organization
organization to consistent Demonstrates a
repurchase, increased spend, high level of
professionalism
and a greater propensity to Supplier adjusts to
our unique needs
adopt new products and and specifications
Weakest Productively accelerates
services from a given supplier. decision making
Drivers of
Loyalty
Weakest Drivers Greatest Drivers
of Loyalty End Users and Influencers of Loyalty
From the MARKETING LEADERSHIP ROUNDTABLE ™
of the SALES, MARKETING,
AND COMMUNICATIONS PRACTICE
1
From a statistical perspective, senior executives and procurement officials evaluate the purchase experience in almost identical terms.
www.marketingleadershiproundtable.com
Source: Sales Executive Council research; Marketing Leadership Roundtable research.
© 2010 The Corporate Executive Board Company.
All Rights Reserved. MLR6878010SYN
11
Having good content is
rarely enough—there
HAVING INSIGHT-DRIVEN CONTENT IS NOT ENOUGH
are three challenges to
ensuring content is Three Key Challenges to Buyer Acceptance of Content
Marketing Challenges
delivered and received
effectively.
Challenge #3:
Insight delivery undermined by a disconnect in the sales process
12
Sales organizations are
increasingly adopting
SALES EXECUTIVES ARE EMBRACING INSIGHT-LED
insight-based selling. SALES STRATEGY
Sample Quotes from Sales Executives About Insight Selling 1
■ Faced with the evidence for
insight-led selling, Sales has
embraced the methodology.
“You paved the way for a true “We have embedded Insight-Selling “We have embedded the notion of
■ In addition, research paradigm shift in how we sell. More methodology in our completely commercial teaching in all our
shows that reps who teach importantly, we appreciate the customer centric approach. We had ongoing rep development efforts
customers are higher research and thought leadership a nationwide sales blitz and and direct our reps to challenge
performers—bolstering the SEC brought to the table to facilitate presented this commercial teaching their clients with the unique
case for insight at the core this important Sales transformation. deck to 250 partners. We then had insights that we generate.”
of Sales. The fact that we deployed this well over 100 partners sign up for
during a time of success, compared the clinic on our Web site. This Claudia Molina
to looking to fix a big problem, is stuffreally works.” Vice President, Global
evidence of the compelling value Merchant Services,
proposition you brought to the Kevin Hendrick American Express
table.” Vice President, Sales,
ADP
Tom Dameron
Vice President, Sales,
Blue Cross Blue Shield
of Arizona
From the MARKETING LEADERSHIP ROUNDTABLE ™ 1 The Sales Executive Council (sister program to Marketing Leadership Roundtable) is happy to share findings
of the SALES, MARKETING,
around the insight-led approach as it relates to Sales.
AND COMMUNICATIONS PRACTICE
www.marketingleadershiproundtable.com
Source: Marketing Leadership Roundtable research.
© 2010 The Corporate Executive Board Company.
All Rights Reserved. MLR6878010SYN
13
The main challenge with
Insight Marketing lies in
BUILDING THE SYSTEM
ensuring consistent
execution and delivery Operational Demands Created by Insight Marketing Strategy
across the purchase
experience.
14
INSIGHT MARKETING
Shaping Customer Decision Criteria to Your Advantage
How Do I Deliver Insights How Do I Make Insights Relevant for How Do I Drive Alignment with Sales
So They Are Internalized by Customers? Different Situations and Audiences? Behind an Insight-Driven Approach?
1
Prologue
How Do I
Generate
Insight?
1 Pseudonym.
15
INSIGHT MARKETING
Shaping Customer Decision Criteria to Your Advantage
How Do I Deliver Insights How Do I Make Insights Relevant for How Do I Drive Alignment with Sales
So They Are Internalized by Customers? Different Situations and Audiences? Behind an Insight-Driven Approach?
1
Prologue
How Do I
Generate
Insight?
1 Pseudonym.
16
The market can reveal
unexpected applications
IDENTIFYING UNEXPECTED OR UNDERAPPRECIATED
of your products APPLICATIONS
and capabilities that
create unique value for
customers. Identified Non-Intentional Applications for WD-40
Market-Identified Applications:
■ Removes chewing gum, crayon, tar, and Silly Putty from most
surfaces
17
Outliers within each
segment help Marketing
DOW’S SEGMENT OUTLIER ANALYSIS
identify new ways
customers get value from
their products.
to Customers
product technology
Importance
■ These areas are best developments
because they require
communication of
Technical staffavailable when needed Shares
underappreciated value formulation
rather than capability expertise
change. Prices are predictable
Ease of finding out about
Number of times contacted new products and services
■ Dow tests outliers to see if about problems
Low Reps solve problems quickly
progressive customers find By de-averaging low priority
unexpected value. attributes within each
Negative Gap Positive Gap segment, Dow
Performance Relative to Best Competitor uncovers underappreciated
applications of its
capabilities that it can
“teach” to other customers
Identification of Meaningful Outliers in the segment.
Importance
“Eh…” “Eh…”
Technical
Performance Attributes
StaffAvailable
Low Importance/High
Ease of Finding
Out New P/S Technologist A Technologist B
Formulation
Expertise “Absolutely
“Eh…” critical!”
Solves Problems
Quickly
18
INSIGHT MARKETING
Shaping Customer Decision Criteria to Your Advantage
How Do I Deliver Insights How Do I Make Insights Relevant for How Do I Drive Alignment with Sales
So They Are Internalized by Customers? Different Situations and Audiences? Behind an Insight-Driven Approach?
1
Prologue
How Do I
Generate
Insight?
1 Pseudonym.
20
Insight Marketing
increases the cognitive
SINKING IN
burden placed on
customers. Challenges to Helping Customers Understand Insight Marketing Content
Solution Examples
21
As Cisco pursues a
targeted expansion of its
EXPAND THE FOOTPRINT
core expertise, it must
obtain several levels of Sample Adjacent Conversations
“permission” from
customers.
Adjacent Terrain:
Virtualization
Adjacent Terrain:
Blade Servers
Core Cisco
Expertise
Adjacent
Adjacent
Terrain: Data
Terrain: Cloud
COMPANY SNAPSHOT Management
Computing
Cisco Centers
Industry: IT Hardware
2009 Sales: $36,117 M
Employees: 65,550
22
Cisco systematically
builds credibility and
ENTERING A NEW ARENA
receptivity for its ideas in
a new market. Cisco’s Process for Entering in a New Terrain with a Disruptive Insight
Cisco is Not
Cisco’s Key
Considered
Listen and Earn Build Preserve Insights
Expert in the
Learn Legitimacy Receptivity Credibility Received by
Blade Server
the Market
Market
Observe online Co-author Seed new ideas Amplify advocates
conversations in content with into existing and preempt
the market and established conversations to detractors.
gradually begin thought leaders. build appreciation
to participate. for Cisco’s coming
solution.
23
Acclimating to the
market’s current state
FOOLS RUSH IN
ensures that Cisco enters
existing dialogues at the Depiction of Cisco’s Entry Into Market Conversations Around Blade Servers
right altitude.
Time
24
Cisco takes a two-
pronged strategy to
COVERING YOUR BASES
engaging individuals in
market dialogues. Depiction of Blogging Network Dialogues
1. Engage Influencer
Engaging and coauthoring
Targeted content with established
thought leaders earns Cisco
Influencer its own claims as a legitimate
Blogger voice in the space.
25
Seeding new ideas into
existing conversations
LEADING THE HORSE TO WATER
gradually builds customer
appreciation for Cisco’s Customer Belief Migration Within the Blade Server Market Dialogue
unique perspective.
26
Having established
credibility in the adjacent
FORTIFY THE DEFENSES
space, Cisco concentrates
on protecting customer Approach to Preserving Customer Receptivity to New Insight
acceptance of its insights.
Constant monitoring of
competitor and analyst
Reframe Objections. Cisco formulates alternative interpretations networks enables Cisco to
to identified vulnerabilities and posts these statements on its own anticipate and neutralize
blog. pushback to its claims.
27
Reshaping market
norms through existing
MORE BANG FOR THE BUCK
customer dialogues
delivers significant Comparison of Key Performance Indicators:
benefits compared to Cisco’s Unified Computing System (UCS) Launch Versus Traditional Launches
traditional approaches.
■ Successful engagement of
Media Impact Number of Customer Interactions
influential bloggers and
adjacent communities
during its Unified Computing 3,950 M
System launch generated
53,843
significant cost savings for
Cisco over traditional
methods.
57 M 6,900
M
28
Several tactics can
encourage a specific
SEQUENCING CUSTOMER EXPOSURE TO INSIGHT
sequence of exposure
that helps customers Spectrum of Approaches for Managing the Sequence Buyers Follow When Consuming Insight Content
absorb insights.
1 Pseudonym.
From the MARKETING LEADERSHIP ROUNDTABLE ™ Rep-guided content
of the SALES, MARKETING,
AND COMMUNICATIONS PRACTICE consumption
www.marketingleadershiproundtable.com
Source: Marketing Leadership Roundtable research.
© 2010 The Corporate Executive Board Company.
All Rights Reserved. MLR6878010SYN
29
Telus uses an interactive
online tool to map
LEAD WITH LEARNING
customers from adjacent
areas of interest to Telus’s Overview of TELUS Online Teaching Tool
unique capabilities.
Emergency Response—Online Tutorial
■ Tool puts a structure Wireless Solutions Road Map
around an ambiguous, * = Top areas of interest for your peers.
high-importance terrain for Business Productivity Safety and Security
customers.
■ Initial framework,
*
topic summaries, and
benchmarking offer
immediate value for * EMERGENCY RESPONSE *
customers. View This Scenario Customer-Centric Content
* TELUS’ online tools engage customers by
organizing content around customer interests,
directing them to most probable knowledge
gaps, and teaching through company agnostic,
interactive modules.
Emergency Response—Self-Assessment
COMPANY SNAPSHOT Which of the following ways do you (or will you) provide your workers
mobile emergency response solutions? (Please select all that apply.)
Telus Corporation Embedded Interactivity
Field incident response Emergency communication
Industry: Telecommunications management devices
Tools prompt customers to assess their current
Services Emergency communication Central site emergency state to reinforce importance and urgency of
infrastructure management applications
2009 Sales: $9153.6 M taking a next step with TELUS.
Other (Please describe)
Employees: 36,400
30
By giving users small,
customized rewards,
REELING THEM IN
Telus builds the
willingness for future
learning in a personal 1. Give Basic Information 3. Give Rep Time to Meet in Person
interaction. Give Give
Get Get
■ Telus’s tool creates a positive
sequence of customer About Me “I see that I’m behind
Emergency Response—Self-Assessment
E-Mail Industry Size
action right in advance of a my peers in emergency
sales interaction, creating response. Can you tell
me more?” “Let’s set
momentum. Which of the following ways do you (or will you) provide your workers mobile
emergency response solutions? (Please select all that apply.)
up some time.”
Field incident response Emergency communication devices
management
Customer
Customer
Rep
“I have several
large gaps…
what should I
“I think we
do?”
can help
you…”
31
Qwest captures customer
voice through video and
DIFFUSION THROUGH PROSPECT ORGANIZATION
promotes distribution to
other purchase Qwest Promotes Sharing to Increase Diffusion of Its Messages
stakeholders.
32
Interview videos are
more easily shared with
LESS COSTLY AND MORE EFFECTIVE
prospects and more
relevant to prospect Return on Investment: Qwest Interview Videos
concerns and Qwest’s
differentiated value.
$10 M
■ Interview videos dramatically
reduce Marketing and Sales
time spent in situations calling
for customer
references.
“I really like this tool and once again coming back to it... and seeing the value.. Potential client just devoured
the information twice.. now I can make that phone call to follow up!”
“Though I’d let you know-won the opportunity with references-Great Program!”
“Thank you! I love these. Believe it or not, these actually help ME to better understand the products and
solutions and how to position with customers and their needs.”
From the MARKETING LEADERSHIP ROUNDTABLE ™ Joyce Larkins, Major Account Executive, Qwest
of the SALES, MARKETING,
AND COMMUNICATIONS PRACTICE
www.marketingleadershiproundtable.com
Source: Qwest; Marketing Leadership Roundtable research..
© 2010 The Corporate Executive Board Company.
All Rights Reserved. MLR6878010SYN
33
INSIGHT MARKETING
Shaping Customer Decision Criteria to Your Advantage
How Do I Deliver Insights How Do I Make Insights Relevant for How Do I Drive Alignment with Sales
So They Are Internalized by Customers? Different Situations and Audiences? Behind an Insight-Driven Approach?
1
Prologue
How Do I
Generate
Insight?
1 Pseudonym.
34
Effectively delivering
insight requires that
TAILORING TO YOUR AUDIENCE
content speaks directly
to the context and needs Challenges to Ensuring Relevance of Ideas Across a Diverse Audience
of your target audience.
How do I make
insights relevant for
different situations and
audiences?
Solution Elements
Isolate the core “active Present the same core Equip reps to apply and
ingredient” of your idea with different interpret insights for
insight that applies to positioning to match different audiences
different customers different audiences and
contexts
Solution Examples
35
Connections that are
“hidden” provide the best
DRAW OUT THE CONNECTIONS 1
Adjacent
Customer Issues Alpha identifies
issues that are
important to the
specific customer,
Customer
and links these
Needs back to their
unique cleaning
methodology.
Features
and Benefits
Cleaning Costs
1 Pseudonym.
From the MARKETING LEADERSHIP ROUNDTABLE ™
of the SALES, MARKETING,
AND COMMUNICATIONS PRACTICE Source: Alpha Company; Corporate Visions Inc.; Marketing Leadership Roundtable research.
www.marketingleadershiproundtable.com
36
Marketing and Sales
develop a tool that maps
SETTING SALES UP FOR SUCCESS 1
Topic #1 Topic #2
Cross-contamination increases Cross-contamination increases
staffillness risk of patient illness
37
Different “entry points”
for a rep lead back to
TWO TALES OF ONE INSIGHT 1
Sales Rep: “How do you assess the loss Sales Rep: “How are you assessing
Alpha can begin
in staffproductivity due to workplace customer interactions in whether your after-hour cleaning
illness at your facility?” different contexts and services are contributing positively
lead back to the same or negatively to your patient safety
Customer: “I don’t assess it formally,
underlying insight. objectives?”
but it’s exactly what I’ve been dealing
with this year.” Customer: “I don’t really think those
are related.”
Rep: “Did you know that workplace illness Rep: “Well, a recent CDC study
costs American businesses $150 indicated that 1/3 of infections caught
billion each year?” within health care facilities stem from
cross contamination due to poor
Customer: “Yeah, I’m familiar with that
cleaning techniques.”
number. I just don’t know where to
start getting that kind of cost under Customer: “Wow, that’s a lot higher
control.” than I would have thought…”
Rep: “Alpha Company uses flat Rep: “With Alpha Company, you’ll
mops with micro-fiber technology benefit from a multi-color cloth
proven to reduce 99% of bacteria and mop system that helps ensure
compared to string mops at 30%. your cleaners don’t use the same
That can mean a lot in terms of cloth in your bathroom as they do
reducing staffillness.” to wipe your phones.”
Alpha Insight
Customers underestimate the effect that facility cleaning
techniques have on the spread of infection within health
From the MARKETING LEADERSHIP ROUNDTABLE ™ care facilities and the associated costs.
of the SALES, MARKETING,
AND COMMUNICATIONS PRACTICE
1 Pseudonym.
www.marketingleadershiproundtable.com
Source: Alpha Company; Marketing Leadership Roundtable research. Corporate Visions, Inc.
© 2010 The Corporate Executive Board Company.
All Rights Reserved. MLR6878010SYN
38
Cisco’s approach to
content creation enables
EXPONENTIAL MARKETING
it to repurpose insights
across multiple settings. Cisco Framework for Content Use and Reuse
4. Share 3. Reuse
Create an inventory that allows Push content into new media
internal stakeholders (including channels; integrate customer
Sales) to easily access and lift comments and reactions or
content as necessary. content summaries into
ongoing marketing efforts.
39
Spelling out specific
stakeholder concerns
FRAMING THE PROFESSIONAL WIN
equips reps to speak in
customer terms. Components of Functional Bias
40
Aligning the framework
to functions limits the
GETTING PAST “SO WHAT?”
information reps need to
know at any time. Desired Outcomes and Supplier Capabilities Mapped to Functional Roles
supplier capabilities.
TIP
Function-specific
messages for a given
offering should be simple
enough to fit them all on
Source: Solae, LLC; Integrated Sales Executive Council research.
one to two pages.
Solae™ is the trademark of Solae, LLC. Solae, LLC © 2009. All rights reserved.
41
INSIGHT MARKETING
Shaping Customer Decision Criteria to Your Advantage
How Do I Deliver Insights How Do I Make Insights Relevant for How Do I Drive Alignment with Sales
So They Are Internalized by Customers? Different Situations and Audiences? Behind an Insight-Driven Approach?
1
Prologue
How Do I
Generate
Insight?
1 Pseudonym.
42
An insight-led approach
requires specific points of
NOT JUST ALIGNMENT FOR ALIGNMENT’S SAKE
alignment between Sales
and Marketing. Critical Tactics for Aligning Sales and Marketing Behind an Insight-Led Approach
43
Activating insight content
should be an inherent part
COMPOSING THE INSIGHT SELLING NARRATIVE
of how insight
content is designed and Outline of the Most Efficient Sequencing of Content Objects for Insight-Led Content
delivered.
■ Storytelling is a compelling
way of presenting
information to audiences in a Commercial teaching …breaking down the problem …then building back the
way that creates drama and follows boot camp theory behind the unknown… customer’s confidence in
of shocking the customer a new solution.
suspense.
with the unknown…
Positive
■ Deliberately structuring
6. “Our
messages in this way Solution and
heightens customer Implementation
receptivity to insight-based 2. “Reframe” Map”
Map of supplier
“Emotometer”: Level of Customer Excitement
44
Sales rep competition
increases message
CROWDSOURCED MESSAGE CREATION
effectiveness and builds AND REFINEMENT
rep acceptance of and
comfort with an insight-
led approach.
“Neo-Idol” Competition Mechanics
■ Codify a starting point
with tools and collateral to Provide Raw Materials Capture Multiple Approaches Hold Competition Rounds
facilitate insight delivery and
ensure message consistency
across the sales force.
Pitch
Pitch
Pitch
Pitch
Deck
Deck and
and
Deck
Deck and
and
Supporting
Supporting
Supporting
Supporting
Tools
Tools
Tools
Tools
Reps receive content and tools that Reps must submit a short video of Each rep views more than 30 peer
capture the key insights of a new their best pitch for online display in pitches, voting on which should
teaching message. an internal competition. progress to subsequent rounds.
Sales and Marketing arm reps The internal competition Exposure to a large number of
with a common starting point for leverages reps’ competitive variations—whether through
COMPANY SNAPSHOT story development and guidance nature while strengthening their videos, role-plays, or other
Neopost on what a good teaching pitch confidence through activities that iterative learning approaches—
Industry: Industrial Manufacturing looks like. mimic the pressure of a real quickly socializes reps to
2009 Sales: €913.1 M sales interaction. effective insight selling pitches.
Employees: 5,500
45
Lower the barriers for
contributing new content
CROWDSOURCING FRESH CONTENT
by codifying types of
content and promoting Ensure Clarity Around Important Content Objects
collaboration tools.
Blogs provide forums for Wikis serve as a platform Ratings validate the impact
Use sharing personal insight to capture transferable of ideas based on a user’s
and capturing a diversity of knowledge from many and experience.
opinions. arrive at consensus.
Objective Capture and accumulate Iterate on and refine Validate and prioritize
unstructured knowledge. collective knowledge. knowledge.
46
Select practical metrics by
assessing their value in
MEASUREMENT FRAMEWORK AND
gauging effectiveness of EXAMPLE PRIORITY METRICS1
the insight-led approach,
as well as the feasibility
and cost to measure. Marketing
Outcomes
A portfolio of metrics Sales
■ Identification Development
including all key Enablement
Efficiency
measurement areas helps with
clarity of performance across Determining the “right Creating content, Providing tools/materials
topics” and identifying navigation paths and that enable sales to The extent to which
the customer purchase insight is transferred to
target segments for the delivery formats. Doing it successfully employ the
experience. customers in a scalable,
messages “right” Insight Marketing approach
repeatable manner
■ Funnel velocity is a key Sales
outcome metric to consider,
as it is especially inflected by
insight driven Sales and Acceptance Adoption Contribution Effectiveness
Marketing activities.
The quantity, quality and
■ Establishing agreement in Attitudes that indicate Behaviors that Interactions between velocity of interactions
the value of specific metrics Sales understands/ demonstrate Sales has Sales and Marketing that
through the sales funnel
believes the benefits of the bought in to the teaching demonstrate collaboration
across Sales and Marketing
Insight Marketing model. approach. in improving the Teaching
is as (if not more) important
approach
than proving cause and
Customer Engagement
effect.
Sharing/ Purchase/
Permission Consumption Quality
Advocacy Loyalty
47
Get started by calculating
metrics at the level that is
A PRACTICAL MEASUREMENT APPROACH
most cost effective now,
while putting a plan in A Spectrum of Calculation Approaches for Each Metric
place to improve accuracy
over time.
■ While intensive
Wild Calibrated Surveys/ Simulation Statistical Controlled Exhaustive
measurement approaches
Guessing Judgments Sampling Modeling Experiments Quantitative
yield greater accuracy, in
Analysis
many cases a more
moderate approach will
deliver almost as much Good Better Best
value.
+
Conjoint Analysis
Determination of drivers via
customer/prospect discrete
choice options research
48
The MLR has resources
to help you develop an
STEPS TO TAKE TOMORROW
Insight Marketing
Capability. MLR Resources for Insight-Led Sales and Marketing
Metrics Prioritization Tool Insight-Led Sales and Marketing Digital and Social Media Tools
Capability Diagnostic
Prioritize metrics based on value, Assess priority alignment and Learn more about effective
feasibility and cost to your capability gaps relevant to the measurement across digital and
organization with the Metrics insight-led approach across Sales social channels with MLR advice
Prioritization Tool and Marketing by deploying the and case examples.
MLR’s diagnostic.
49