Archive for October, 2011

This Is About Business Goals, Not Marketing Goals

Wednesday, October 19th, 2011

Marketing should always serve the business.

It should go without saying, but unfortunately this is not always the case. As marketers, we have been spoiled by years of fast growth and good economy. We have developed marketing strategies and tools, set up internal marketing goals, adjusted our marketing strategy to better meat our marketing goals, and all was well.

Everything changed in 2007. The economy tanked, and the effects of that prolonged recession (whether we’re facing a second recession or not) are still felt. Belts were tightened, budgets slashed, and as marketers, we suddenly faced a demand we never faced before (or at least not as strongly): to align marketing programs with business goals.

The new economy dictates that marketing must now serve the business – its existence can only be justified if it serves to promote the business goals of the entire organization. The toughest demand from marketers? They should be able to clearly demonstrate that their efforts advance the business’ bottom line.

Marketing ROI must be clear, measurable, and it must be shown in business terms, not in marketing terms. In other words, what we marketers now need is not marketing strategy to achieve marketing objectives, but rather marketing strategy to achieve BUSINESS objectives.

This is not a semantic difference.

The good news? Marketing automation helps with marketing accountability. Implementing marketing automation solutions helps marketers not just to get more value out of lead generation campaigns, but also to demonstrate that value to the CEO and CFO. Marketing automation solutions enable us to gain better visibility into our campaigns (whether successful or not) and increase the quality of the leads we provide to sales.

Just as importantly, marketing automation helps us to actually REDUCE the cost of our campaigns by helping us identify the leads that are sales-ready vs. leads that require more nurturing. Making sure that the expensive sales resource gets involved only with leads that are truly sales-ready means significant cost reduction per campaign.

Marketing automation enables marketers to track every lead to every campaign, nurture that lead until they are sales ready, and then follow them through the sales cycle. This creates a clear and demonstrable picture of a marketing campaign’s effectiveness that can be communicated in business terms.

Marketing does not have to be a bottomless cost center, forever engaging in expensive campaigns but failing to demonstrate their effectiveness. Marketing can and should be aligned with the organization’s long-term business goals and use its resources to enable and promote the execution of the organization’s long-term business strategy.

Respect The Customer!

Monday, October 10th, 2011

Respect. It’s always a good thing, in business and in life. When it comes to business, respecting the customer is one of the most important things you can do. It’s true for every level of business, and it’s true for the business of marketing too.

What does respect mean though? Let’s start with what it doesn’t mean – that’s easy enough. Spamming the customer with tons of unwanted emails is disrespectful of their time. It leads to opt outs and gives our brand a bad reputation.

Making frequent cold calls is disrespectful. If your sales rep calls a lead without knowing much about that lead’s needs, then she’s wasting the prospect’s time. She’s wasting her own time too, and your company’s resources, and she’s setting herself up for failure, which – if repeated often enough – will make her feel discouraged and negatively affect her productiveness and energy.

Sending the same content more than once, even if great content, is not very respectful. It’s fine to follow up after sending something, but if a lead has downloaded a whitepaper, and then you send her the same whitepaper via email, that’s a waste of everyone’s time.

How do you respect your customer? You listen to them. Closely. You pay attention. The best way to do that is to start with the customer and their needs, and then see how your solution can fit those needs. Don’t start with your solution (features) and try to convince an unsuspecting prospect that it’s exactly what they need.

Instead, start with the customer’s pain points, and show them how your product or service can benefit them (as always, focus on benefits, not on features!) and solve those pain points.

Of course, as someone who does marketing automation, I know that automating your marketing can greatly help you with getting to know your customers and focusing on their needs. Tools such as prospect activity tracking are invaluable in helping you to get to know the prospect so well, that when you do get in touch with them, it never feels like an annoying cold call, but rather as “Wow, this person really gets what I need!”

Whether you use marketing automation to listen to your customers and get to know them or not, always respect your customers. Ultimately, it will help them respect you too.