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Posts Tagged ‘CRM’

A little over a week ago I published my latest post on the DemandGen (r)Evolution blog – “Dreamforce 2010: Demand Generation Insights ‘from the Cloud’” – a round-up of my takeaways from this year’s Salesforce.com Dreamforce event in San Francisco.

For those of you who are not familiar with Dreamforce, you might be asking, ‘Why a write-up on what is (at a surface level) merely a technology user conference?  What’s the takeaway for marketers?’

Source: Salesforce.com

An obvious initial response is that Salesforce.com has emerged as one of the dominant – and one of the fastest-growing – CRM platforms in the marketplace.  That alone earns it some attention.

But beyond this, as I note in my post, “Dreamforce increasingly has grown into the annual host of two critical, interdependent and growing ecosystems – and consequently was an event filled with great demand generation insights.  …  On one hand, Salesforce.com serves as the cornerstone for a growing software ecosystem around buyer-centric, demand management software.  …  On the other hand, Salesforce.com has become the leader in cloud-based application infrastructure.  …  [And] it is this cloud-based approach that also is critical to enabling [this] demand management software ecosystem … .”

Dreamforce also is a unique annual event as there doesn’t seem to be any “… other technology-based event that draws such a large group of sales and marketing executives – and the technology vendors that serve them – in one place, at one time for nearly a full week,” as I comment in the blog post.  In fact, “Some of my best conversations each year occur at Dreamforce, and this year was no different.”

So what were my major takeaways?  The blog post focuses on two major demand generation insights:

  • “B2B buyer insight is more-pervasive, more real-time and more-accessible via ‘the cloud,’ and marketers must learn to leverage this dynamic asset.
  • “Our role as marketers must focus more than ever on delivering leadership and visibility to help our organizations tune their demand generation machines and to ensure tight coupling with revenue outcomes.”

I also have embedded in this post a link to my Dreamforce interview w/ the DreamSimplicity video crew in which I talk more about the new impetus for ‘marketing in the cloud.’

Click here to read the full LBM DemandGen (r)Evolution post.

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Just before Thanksgiving I published the second installment in a two-part series on the “Elements of a Modern Demand Generation Plan.”

I’ve done a number of posts over time on the various holistic elements that go into successful B2B demand generation here on Propelling Brands, on the Silverpop Demand Generation blog and more recently on the Left Brain Marketing (LBM) DemandGen (r)Evolution blog.

Yet I note in this new LBM post that despite all the tips and tricks out there in guides, blog posts and Tweets, for a lot of marketers there still seems to be a ‘glaring gap':

How do you build a modern demand generation program? What does that entail? Where do you start? What are the keys to success?

I think this is the real disconnect for many B2B marketers today. They do not really understand what it looks like to architect an entire, modern demand generation program, end-to-end – one that is appropriate for a marketing environment in which power has shifted from sellers to buyers and where Web 2.0 realities predominate. These B2B marketers need a way to sort out how all of these tactical systems and advice in blog posts and through consultants all come together in a real program.

I argue in the first post in the series that starting place should be a thoughtful and comprehensive demand generation plan. I then proceed to outline the initial research and analysis required to start with developing your plan — a first step in the process I refer to as establishing ‘buyer-targeting context.’

Source: Left Brain Marketing; click to enlarge

I then use the second post in the series to explain how you translate this initial research and analysis into actual demand generation programs — a second step in the process I refer to as ‘program translation.’

This is the same process we go through with clients of Left Brain Marketing to help them develop their own demand generation programs, so the content of these two posts is well-grounded in reality.  (I also provide a number of slides right out of our decks as illustrative graphics in part two.)

I end the second post by noting:

There is certainly more to say around the details and best practices of building out your sub models and of operating and refining your demand generation program. … Nonetheless, I hope this post and the previous one represents a good starting place for wrapping your head around how to approach and build a successful demand generation plan.

And I really do believe these two posts are a good starting place — and a comprehensive reference source — for your own B2B demand generation programs.

Click here to read the full part-one post on LBM DemandGen (r)Evolution; and click here to read the full part-two post.

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Some of you have already read about my recent departure from marketing automation vendor Silverpop.  This past Friday was my last day as B2B Marketing Evangelist and Director of Field Marketing there.  On Monday I took on a new role.  I am now Vice President of Demand Generation Strategy at Left Brain Marketing, a demand generation agency that is based in Silicon Valley (although I am remaining in Atlanta, in case you were wondering).

Why the change?  What’s on the horizon?

Source:  Left Brain MarketingI’m very excited about working with Malcolm Friedberg, Robert Moreau, Sandra Syrett and the rest of the team at Left Brain Marketing.  I believe this move will put me in a better position than ever to help B2B marketers develop successful, buyer-centric demand generation programs and build their brands in a bottoms-up, grassroots fashion – what I believe are the keys to achieving sustainable revenues in the modern B2B marketing environment.  I also believe that Left Brain Marketing represents the right type of agency at the right time in the B2B marketplace.  Its focus is on demand generation; it blends strategy with execution, partnering with its clients to design and execute programs; it recognizes that process change does not occur over night, establishing long-term relationships with its clients; it leverages marketing automation technology but is vendor agnostic; it believes successful marketing programs emerge from focusing on buyers and working with smart people; and it blends big consultancy brains with small agency touch.

We are at a critical – and challenging – moment in the evolution both of modern demand generation practice and of the discipline of B2B marketing.  More than ever it is critical for us to close the “Technology Innovation Vs. People/Process Stagnation Gap in Modern B2B Demand Generation,” which I noted in one of my final posts on Silverpop’s blog.  There is tremendous potential to leverage modern marketing technology and pressing need to market differently to the modern B2B buyer.  Yet technology alone is not sufficient to address this gap.

Joining the team at Left Brain Marketing gives me the opportunity to better help B2B marketers succeed in this environment and to focus on areas where I believe a demand generation agency can provide key value-add:

> ‘People and process’ remain the greatest barriers today to successful B2B demand generation: There is, indeed, tremendous potential for marketing automation technology today.  A DemandGen Report article summarized Aberdeen research that found, “[N]urtured leads in Best-in-Class organizations delivered 47% higher average order values than non-nurtured leads.”  Yet adoption rates remain low and even when the technology is adopted, it has high failure rates.

Some data to consider (which I covered in a past blog post):

  • Only 7-10% of B2B marketing organizations in the US have adopted marketing automation technology, according to SiriusDecisions at their May 2010 summit.
  • Only 24% of these adopters report they are “generating enough demand (sales leads) to satisfy [their] sales team,” according to a Bulldog Solutions/Frost & Sullivan study.
  • When asked what their top reason is for not successfully leveraging marketing automation, “We don’t have the right or sufficient number of people” and “We don’t have the right processes” came in as the number one and two responses.

There are two points of synthesis from this and related data.  One, there remains only limited examples of successful sophisticated use cases of marketing automation in B2B demand generation today.  Combining some of the data above, it is possible that only about 2-3% of B2B marketers are using automation to power successful demand generation programs today.  Two, the demarcation between sophisticated and unsophisticated use cases is not about the technology adoption, it’s about how these B2B marketing organizations approached their demand generation programs.  It’s about knowledge, strategy, program design and campaign execution.

That’s why I’ve joined an agency that is focused on helping its clients build the right demand generation approach from day one – starting with people and process, and focused on the targeted buyer.

> Demand generation approach and strategy should not be driven by marketing automation vendors’ capabilities (or lack thereof): A corollary we can draw from the adoption data above is that it’s most important for B2B marketers to do what is right for their organization, in their specific business environment when it comes to their demand generation programs.  We see constant feuding between vendors around features and functions – it seems to be the lifeblood of marketing automation salespeople today, but it’s really not where B2B marketers should be spending their time.   You shouldn’t adopt a marketing automation platform because of its ability to transform your organization; rather, you should transform your organization, and then adopt the right technology that will help you amplify this transformation.

That’s why I’ve joined an agency that supports a wide range of marketing automation and CRM platforms but that is fundamentally vendor agnostic – preferring to match the right technology to the right client’s need.

> B2B marketers need the right type of partner when it comes to building their demand generation strategy and programs. The early history of B2B marketing automation is dotted with firms that focused merely on technology implementation or that merely operated B2B marketers’ demand generation programs for them.  No one wins with this type of support; you don’t get better as a marketer.  B2B marketers need the right counselor to take them through people and process change, but they also need a partner that is ready to roll up his/her sleeves and help affect change on the front line, in the trenches and over a long period of time.  This stuff doesn’t happen overnight.  This means the focus of demand generation must be on the marketing programs and the results, not merely on the successful adoption of marketing technology.

That’s why I’ve joined a firm that leads with the marketing, that partners with its clients and that looks to technology as a means to an end.

I enjoyed my time at Silverpop; in fact, I want to thank Bill Nussey and the rest of the team there for the opportunity to work with a world-class group of technologists, salespeople and marketers.  (And let me be clear that I believe Silverpop has a world-class marketing platform – one that we are leveraging as part of current engagements with Left Brain Marketing clients.)  We accomplished quite a lot during my tenure at Silverpop, especially building out the B2B Marketing University series, but I believed it was time to roll up my sleeves and get back into the demand generation trenches.

I joined Left Brain Marketing because it was the right time for me to join such an organization and because it’s the right agency for the current era of demand generation.

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I tackled this important topic last Wednesday in a new post on the Silverpop Demand Generation (DG) blog – a post that also was highlighted on the Savvy B2B Marketing blog in their weekly roundup.

Source: iStockphoto

I’ve noticed a resurgence of this question in recent months — or at least I personally find I’m getting asked this question more than ever by B2B marketers.  I think the trend is linked to a new generation of B2B marketers that are adopting marketing automation and that are trying to wrap their heads around the demand generation technology ecosystem.

“CRM and marketing automation have purposes and capabilities that are related and complementary but very different, and these differences are salient to what we’re trying to accomplish with B2B demand generation,” I note in the post.  “The two are integral.  You need both, but you need to understand what each one does for you, and what it doesn’t do.”

So clearly it’s great timing both to be talking about the two types of platforms and for a blog post that digs into the details, comparing them.

The DG post breaks down the two platforms at three levels:

  • A first take: What are some top level similarities and differences, and where do these platforms sit in the larger marketing technology ecosystem?  This section includes a great contributed chart from David Raab.
  • An analysis of the goals of each platform: What is the intended strategic purpose of each platform?
  • A deep dive into features and capabilities: What are the specific things each platform does and doesn’t do?  This section includes some great contributed charts from Malcolm Friedberg with Left Brain Marketing and Jep Castelein, a.k.a. “The Lead Sloth.”

I think the most interesting aspect of the dialogue in this post is around the strategic role of marketing automation – a topic I also covered in a past post on MarketingProfs Daily Fix blog.  I note in the DG post:

Marketing automation — at it’s most fundamental level — was developed to help marketers better target and execute one-to-one communication with key prospects within the context of demand generation efforts, simultaneously orchestrating and tracking marketing resources against this activity.  CRM consolidates a great deal of information about prospects and customers; however, it provides virtually no framework or tools for true nurturing of earlier-stage prospects, and it definitely is not a communication platform.  Marketing automation leverages CRM and addresses these gaps, but it then presents new capabilities for B2B marketers that enable them to take their demand generation programs to the next level.

I think of marketing automation as the technology infrastructure you need to power buyer-centric demand generation.  It is a critical element in scaling and managing a pattern of dynamic campaigning that is buyer led and that engages buyers on a ‘mass one-to-one’ basis.

Honestly, this is a worthwhile post to check out – with great insights from a number of industry luminaries – so I won’t steal any more of its thunder here.

Click here to read the full DG post.

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This week I’m publishing a four-part blog series — based on research I’m doing as part of the updated focus for my marketing book project.  This series takes a look at B2B demand generation today.  The first post provided an introduction to the series.  Parts two through four examine the three major challenges facing B2B demand generation.  The second post identified why technology, alone, is not enough to improve B2B demand generationThe third post explored our continuing struggle as maketers to link marketing tactics to revenue outcomes.  The final post today looks at the third challenge — highlighting our consistent failure when it comes to placing the B2B buyer at the center of our demand generation planning.  ~ABN

So what does that average B2B marketing organization look like today?  And what are the challenges that organizations must overcome to get to best-in-class?

 

Challenge #3:  We too often don’t start with our targeted buyer when it comes to developing B2B demand generation programs, nor do we rationalize the content and pacing of our nurturing against the buyer’s decision-making process.

This third point is perhaps at the core of the other two problems.  Our failures with technology and our inability to link activities to revenue outcomes are also linked to the fact that too often we don’t start our marketing thinking, building or planning in the most obvious place.  We don’t start with the buyer, and we certainly don’t take into account the major changes in the nature of the buyer over the last decade.

“It’s a no-brainer: You can’t make a connection with your audience unless you know who you’re trying to reach,” comments B2B marketing consultant Stephanie Tilton on the Savvy B2B Marketing Blog.  “This gets down to marketing basics – you need to develop buyer personas. Yet my unscientific polls show that a fair number of B2B marketers haven’t undertaken the exercise of developing buyer personas.”

So we don’t tend to define and understand buyer personas.  We also don’t leverage them to improve the relevance of messaging and content, and we don’t rationalize the timing and pacing of our marketing activities against them.

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This week I’m publishing a four-part blog series — based on research I’m doing as part of the updated focus for my marketing book project.  This series takes a look at B2B demand generation today.  The first post provided an introduction to the series.  Parts two through four examine the three major challenges facing B2B demand generation.  The second post identified why technology, alone, is not enough to improve B2B demand generation.  Today’s post looks at the second challenge — exploring our continuing struggle as maketers to link marketing tactics to revenue outcomes.  ~ABN

So what does that average B2B marketing organization look like today?  And what are the challenges that organizations must overcome to get to best-in-class?

 

Challenge #2:  We still struggle when it comes to linking our B2B marketing tactics to revenue outcomes; thus, we have a hard time proving (and better targeting) the specific impact of investments in content offers and demand generation programs.

The Web 2.0 world has substantially changed the dynamics between sellers and buyers – changing the information consumption patterns of B2B buyers and resulting in a new era of buyer power.  One dynamic is the emerging importance of content and the impetus to adopt new content marketing processes

But we need to be able see the linkages between content consumption and revenue outcomes – both elasticity and ‘critical path’ – within a given persona’s buying process if we are going to be able to develop sophisticated content-based nurturing.  Yet seeing this type of linkage is in fact the Achilles heel for many B2B marketing organizations.

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This week I’m publishing a four-part blog series — based on research I’m doing as part of the updated focus for my marketing book project.  This series takes a look at B2B demand generation today.  The first post provided an introduction to the series.  Parts two through four examine the three major challenges facing B2B demand generation.  Today’s post looks at the first challenge — identifying why technology, alone, is not enough to improve B2B demand generation.  ~ABN

So what does that average B2B marketing organization look like today?  And what are the challenges that organizations must overcome to get to best-in-class?

 

Challenge #1:  We implement technology to solve our B2B demand generation problems, but we fail to substantially update our underlying processes and roles; thus, we find technology by itself has not really solved our problems.

SiriusDecisions reported at their 2010 summit that the penetration rate for marketing automation platforms among B2B marketing organizations in the US currently is at roughly 7-10%, but they project this will rise to as much as 30% by 2015.  A recent CRM Magazine article further noted, “The percentage of firms that have implemented CRM [has] increased, according to industry research firm CSO Insights, from 53% in 2003 to 75% in 2010 … .”

Clearly the adoption of technology – particularly marketing automation and CRM – among B2B marketing organizations is on the rise.  Yet within organizations that have adopted the technology, we too often see a consistent pattern of doing what it takes to initially implement the technology – creating minimal definitions and scoring models to get going – but falling far short of a complete overhaul of our core processes and roles.  So we never fully leverage this technology.

“Today many B2B marketers are buying into [this] idea: If they acquire a marketing automation solution, then they will wind up with a lead management process,” comments Carlos Hidalgo of The Annuitas Group in a recent post on Silverpop’s Demand Generation blog.  “Nothing could be further from the truth.  Technology adoption must occur hand-in-hand with process evolution.”

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