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YourMarketinginAction
How to best utilize top lead gen tactics in the New Year
Todd Lebo, Senior Director of Content, MECLABS Jen Doyle, Senior Research Manager, MECLABS
Cisco Confidential
Cisco Confidential
MarketingSherpas research cycle provides knowledge for continuous improvement of marketing performance
Cisco Confidential
Which lead generation tactics were rated as the most effective in 2011,
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1,745 organizations participated 157 charts and analytical commentary Key marketing insights on: Lead generation Automation Personas Propositions Content
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45%
45%
42%
41%
40%
Lead quality Lead volume Conveying value Competing in multichannel lead generation 5. Generating PR buzz
39%
39%
YEAR-OVER-YEAR, average
Source: 2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
Cisco Confidential
The greatest challenge would be limited resources; my role combines multiple functions as well as requires applying knowledge from multiple discipline areas. My biggest challenge is generating quality leads. Its pretty easy turning on a fire hose of leads for our Sales team, but targeting and generating pre-qualified leads is a nut we haven't been able to crack.
Demonstrating marketing's contribution to revenue. Attribution is always the toughest thing to achieve in trying to demonstrate alignment and attribution to revenue unless its an online portal with a click to purchase funnel metric in place.
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Cisco Confidential
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Capture
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Very effective Website design, management and optimization Search engine optimization (SEO) Email marketing Content marketing Trade shows Virtual events / webinars Paid search (PPC) Telemarketing Public relations Direct mail Social media Print advertising 31% 29% 26% 23% 20% 19% 16% 13% 13% 6% 6% 6% 34% 40% 30%
Somewhat effective 53% 46% 56% 48% 43% 29% 34% 13% 17% 14% 47% 21% 29% 25% 17%
Website optimization,
SEO and email are critical these were top three tactics for 2010 and 2011
31%
Source: 2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
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B2B organizations are prioritizing lead conversion, but struggling to gain maturity
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Lead generation
60% 48%
Converting qualified leads into paying customers Branding, reputation and awareness
57% 52%
Lead nurturing
44% 40%
Priority Challenge
over more traditional marketing objectives like branding, reputation and awareness
36% 37%
sales job
Lead hand-off and management 18% 22%
Source: 2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
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35%
The average lift organizations with a LEAD NURTURING strategy experienced Organizations that SCREENED LEADS from Sales experienced the same
77%
163%
2011 Cisco and/or its affiliates. All rights reserved.
Source: 2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
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Nurture
Consistent, relevant
communications that build relationships and engagement to progress leads through the funnel
with the information they want / need, when they want / need it
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Convert
Deliver conversion
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Continually optimize
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Q. Which of the following tactics will you be increasing your marketing investment in for 2012? Check all that apply.
a. Social media b. Website upgrades c. Content d. Search (SEO / PPC) e. Landing page optimization f. Online advertising g. Email h. Direct Mail i. Print advertising j. Telemarketing k. Broadcast advertising
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Budget will decrease Social media Website upgrades Content creation Search (SEO/PPC) Landing page optimization Online advertising Email Direct mail Print advertising Telemarketing Broadcast advertising -40% -20% -2% -6% -3% -4% -1% -8% -5% -26% -30% -17% -16% 14% 12% 10% 7% 0% 20%
Budget will increase 64% 55% 53% 51% 48% 41% 39%
Organizations
40%
60%
80%
Source: 2011 MarketingSherpa Social Marketing Benchmark Survey Methodology: Fielded Feb ruary 2011, N=3,342
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Experiment ID: Application Security, Inc. Location: MarketingSherpa Case Study Library Test Protocol Number: #CS31636
Research Notes: Background: A B2B database security provider received a 40% budget cut and staff reduction, and needed to optimize their marketing activities. Goal: To evaluate the performance of their marketing activities, make cuts where appropriate, and invest in activities that generated revenue. Primary research question: How can you determine which marketing activities are worthwhile of your marketing dollars? Approach: Monitor, adjust and negotiate spend on various marketing activities, continually testing and optimizating to increase lead volume and opportunities delivered to Sales.
2011 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 22
Measured cost-per-lead
created by each marketing channel It was common for a single opportunity to receive multiple marketing messages The team took the dollar value of the opportunity and divided it equally among each marketing channel
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Expand the use of low-cost, high value activities Dial Back on highcost, low value activities
2011 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 24
Tradeshows produced the highest-cost leads, which also took the longest to become opportunities..
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The team expanded the use of informal email updates, email drip
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limits and get guarantees from vendors for sponsorships or other paid media
They made opportunities available to me that I otherwise wouldnt have known about. -Thomas Vanhorn, CMO, Application Security
2011 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 27
For example: The team set CPL limit for a whitepaper hosting deal
that was lower than the vendors offer, the vendor responded with new options to meet their goal.
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I dont think you can base everything on past results. We spend fair amount of time trying new stuff to see what sticks. -Thomas Vanhorn CMO Application Security
The team ran a contest which asked users to make their own videos Finalists received $500 in prizes
After their initial analysis, the
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Testing
12% Increase in lead volume 65% increase in opportunity value Significant reductions in CPL
2011 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 30
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New leads
deals that have closed How did these closed deals enter the system?
won, total revenue, average deal size, buyer persona traits etc. for each channel and specific campaign
Closed deals
2011 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 32
New leads
tactic first How many leads? How many qualified leads? How much did they cost?
Closed deals
2011 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 33
Lead volume Qualified lead volume Percentage of qualified leads per channel
2011 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 34
Total lead volume Qualified lead volume Percentage of qualified leads Closing rate Qualified closing rate Average deal size Time to close Total investment CPL (cost-per-lead) CPA (cost-per-acquisition) CLV (customer lifetime value) ROI (return on investment)
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Lead Total Qualified % of Closing generation lead lead qualified rate campaign volume volume leads
Time to close
Total investment
CPA (Costperacquisition)
ROI
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performance evaluation and then adjust marketing plans, negotiate new contracts, and test new initiatives
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Upcoming Accelerate! Sessions February 15th - Make Your Marketing Plan a Reality in 2012: Tactical Steps to Increase Online Conversion Full Service Programs in Partner Marketing Central: Lead Nurturing Programs Borderless Networks, Collaboration, UCS Coming Soon! Integrated: Telemarketing w/ Email, Mail & Web Integrated: Telemarketing w/ Email & Web Integrated: Telemarketing w/ Email Stay Connected to Cisco Accelerate! Accelerate! Space
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