In Recession, Marketing and Sales Alignment More Important Than Ever
Tuesday, August 10th, 2010Marketing and sales alignment is always important, but even more so during this prolonged recession. Recent research findings support what we’ve been saying for a long time now: When your marketing and sales departments are able to collaborate and work together, your business thrives.
Companies whose marketing and sales departments are aligned show better performance in all important business parameters, including qualified leads, conversions, acquisitions, retention, average billing per customer and revenue.
So how do you make sure your marketing and sales are aligned? An easy way to do that is to use a good marketing automation system. Such a system makes it very easy for marketing and sales to collaborate because it enables important data to flow between the two departments, including information about leads. It also enables and encourages both organizations to agree on what constitutes a qualified lead, and to keep communication with leads consistent with the company’s general marketing messaging while allowing sales reps to personalize their messages to prospects.
Considering the importance of marketing-sales alignment to the bottom line of businesses, we find it surprising that the 2010 Miller Heiman Sales Best Practices Study shows that only about one-third of surveyed sales executives said their sales and marketing departments work collaboratively; another one-third reported a “state of neutrality” between sales and marketing; and one-third reported no alignment at all.
To us, this is such a hugely missed opportunity for companies to make the most out of this recession and emerge from it as strong as they can.
On the flip side, for companies in the Marketing Automation space, this means that while we still have a lot of work to do to get the word out there about our solutions, there’s still so much we can do and so many companies we can help. So in a way, this is good news.