5 key components for establishing and optimizing lead nurturing campaigns
TRANSCRIPT
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5 Key Components for Establishing and Optimizing Lead Nurturing Campaigns
Sponsored by:
April 12, 20121:00 PM ET
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Jen DoyleSenior Research Manager, [email protected]@JenLDoyle
Kaci Bower Senior Research Analyst, [email protected]@KaciBower
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Join the conversation on Twitter
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Research Background1,745 B2B organizations were surveyed on:
• Top challenges
• Barriers to success
• Best practices
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Today, we’re going to discuss
1. Key findings from research from more than 1,745 B2B marketers
2. A case study in which a B2B company increased sales conversions by 190%
3. Five key components you can use to increase the ROI of your lead gen efforts through nurturing
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Key Finding: Challenges are still growing
2009 2010 201138%
39%
40%
41%
42%
43%
44%
45%
39%
44%
45%
Year of Response
Aver
age
Indi
catio
n of
Cha
lleng
es
Source: ©2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
B2B organizations rated the pertinence of several challenges including:
1. Lead quality2. Lead volume3. Conveying value4. Competing in
multichannel lead generation
5. Generating PR buzz
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B2B organizations rated the pertinence of several challenges including:
1. Lead quality2. Lead volume3. Conveying value4. Competing in
multichannel lead generation
5. Generating PR buzz
Key Finding: Challenges are still growing
2009 2010 201138%
39%
40%
41%
42%
43%
44%
45%
39%
44%
45%
Year of Response
Aver
age
Indi
catio
n of
Cha
lleng
es
Average indications of challenges continue to grow
YEARYEAR
Source: ©2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
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Key Finding: Tactics Losing Effectiveness
• External and internal factors influence challenges and perceptions
• Evolved marketplace due to the economic crisis
• Adoption of latest best practices
Print advertising
Social media
Direct mail
Public relations
Telemarketing
Paid search (PPC)
Virtual events / webinars
Trade shows
Email marketing
Search engine optimization (SEO)
Website design, management and optimization
6%
6%
6%
13%
13%
16%
19%
20%
26%
29%
31%
10%
16%
22%
31%
35%
23%
43%
25%
40%
36%
50%
20102011
Source: ©2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
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Print advertising
Social media
Direct mail
Public relations
Telemarketing
Paid search (PPC)
Virtual events / webinars
Trade shows
Email marketing
Search engine optimization (SEO)
Website design, management and optimization
6%
6%
6%
13%
13%
16%
19%
20%
26%
29%
31%
10%
16%
22%
31%
35%
23%
43%
25%
40%
36%
50%
20102011
Key Finding: Tactics Losing Effectiveness
• External and internal factors influence challenges and perceptions
• Evolved marketplace due to the economic crisis
• Adoption of latest best practices
Dramatic declines on perceptions on effectiveness of all tactics
YEARYEAR
Source: ©2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
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“Generating valuable content. Finding the right system, right capabilities, at the right cost to automate lead generation and nurture programs.”
“We lose many of our leads throughout the sales funnel.”
CMOs speak out on toughest challenges
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So what’s really at the root of all these challenges?
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Adoption of latest best practices is sluggish
68% Have not identified their Sales and Marketing funnel
61% send all leads directly to SalesOnly 27% will be qualified at time of conversion
79% have not established lead scoring
65% have not established lead nurturing
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How can I generate more high-quality leads, and improve lead generation ROI?
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Case Study: Background
� Experiment ID: JaspersoftLocation: MarketingSherpa Case Study LibraryTest Protocol Number: #CS31447
Research Notes:
Background: A B2B software developer generated a large database of open-source clients, and needed to convert them to paying customers.
Goal: To segment and nurture open source database to move leads through the funnel.
Primary research question: Which nurturing approach will convert the most leads?
Approach: Implement a lead nurturing effort with segmentation, scoring and automation to progress open-source clients through the funnel to paying customers.
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Case Study: Revamping Lead Gen
“My challenge is not to increase the number of leads, but to get improved conversion rates throughout the funnel.”
– Nick HalseyVP MarketingJaspersoft
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Case Study: Revamping Lead Gen
The goal was to create a powerful combination of:
• Customer profiling• Database segmentation• Automated campaigns• Outbound promotions• Lead scoring
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Case Study: A seven step approach
Merge databases and systems into a unified platform
Segment databases according to profile and activity
Customize outbound communications for contacts’ preferences
Use dynamic registration forms to develop prospect profiles
Create automatic drip campaigns for specific actions
Route leads to the appropriate sales person
Implement lead scoring
2 31 4 5 6 7
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Customer-centric messaging
CMSCMS
Web Analytics
Open Source
Email System Mar
ketin
g Au
tom
ation
Centralized & Segmented
Database
Four Nurturing Tracks
1. Customer2. Community Member3. Corporate North America4. Corporate Europe
Ecommerce
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Applied demographic and behavioral scoring
Collected information through dynamic registration forms
Handed leads off to Sales once the qualified lead threshold was met
Qualification and scoring
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Hand-off to Sales
Triggered nurturing and hand-off
Automated sub campaigns
Actions indicating readiness to buy
Series of five automated emails
Download of 30-day trial version of software
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Case Study: Results
Increase in Sales ConversionsSince implementing the new strategy, the team has achieved
a 190% increase in conversion rate from qualified lead to close.
190%
Highest Close Rate: Prospects who asked to be contacted by sales
Second-Highest Close Rate: Prospects who enter the automated drip campaign for the professional evaluation 30-day trial
Third-Highest Close Rate: Prospects who have purchased something from the ecommerce store
1
2
3
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How can we approach the funnel in a new way?
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B2B Funnel 1.0
Leads enter the system
Leads go directly to Sales
Sales cherry-picks the best leads
Sales spends significant time “checking in” with the rest to see if they are ready to buy
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B2B Funnel 2.0
Leads Scored per Criteria
Qualified leads go to sales
Non-qualified leads stay inmarketing
for nurturing
Qualified lead criteria established
Leads enter system
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What’s the key differentiator?
Not all leads are immediately sales-ready, and require further nurturing
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Organizations using lead nurturing experienced a 35% lift
Nurturing provides the information leads need to progress through the funnel
Average Lead Gen ROI by use of Nurturing
Average lead generation ROI
107%
79%
Currently using lead nurturing Not using lead nurturing
+35%
Source: ©2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
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Funnel optimization demonstrates lifts in ROI
Average lead generation ROI
95%80%
148%
Trial Transition Strategic
• Average lead generation ROI by funnel optimization maturity
• From trial to strategic phases, organizations received a 65% lift in lead generation ROI
+65%
Source: ©2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
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Overall funnel op leads to dramatic lift in ROI
Average lead generation ROI
155%
59%
Currently using marketing automation softwareNot using marketing automation software
• Average lead generation ROI by use of marketing automation software
• Organizations using automation experienced a 163% lift in lead generation ROI
+163%
Source: ©2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
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Audience Question:
“We are just beginning a drip campaign for lead nurturing. How do we distinguish a prospect
from a lead and what is the best way to develop content for both of these audiences?”
- Sara Lambert SlimGenics
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Five Key Components for Nurturing
5. Optimization
1. Segmentation
2. Content
3. Channels
4. Timing
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Five Key Components for Nurturing
1. Segmentation
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Segmentation
Deliver highly relevant content by segmenting based on multi-dimensional traits, and developing unique lead nurturing tracks for segments.
• Buyer personas identify traits, interests and needs
• Balance buyer personas with buying cycle stage
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Audience QU:
“There are multiple ways to segment B2B buyers -- by vertical market, by job title, by size of
purchase, by location, and more.
But which segmentation strategy consistently generates the best results?”
- Michael Thimmesch Skyline Exhibits
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Buyer Persona TraitsCreate research-based, detailed profiles that represent actual, real-life groups of your target audience. Include demographics and behaviors.
Demographics Behaviors
Job title / responsibilities Key concerns for purchase
Organization size Interests
Primary market Motivations
Industry Expectations
Location Goals
Budget Preferences
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Exercise: Which types of content have you found to be the most
successful for nurturing?
Submit your answers via the chat tool or tweet us at
#Sherpawebinar
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Early Buying Cycle StagesNurturing Type Buying Cycle Stage Campaign Goal Campaign Examples
Engagement Nurturing
Early Build stronger relationships & increase interest
Thought leadership content
Outreach Nurturing Early to mid Captures new leads, permissions, additional data
Valuable download – whitepaper or report
Ongoing Nurturing All Consistent communications to stay top of mind
SEGMENTED monthly newsletter
Conversion Nurturing
Late Support sales conversion
Buyers guides, ROI calculators
New Customer Nurturing
End of initial buying cycle
Repeat purchases, reputation, referrals
How to info, getting started, support
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Early to Mid Buying Cycle StagesNurturing Type Buying Cycle Stage Campaign Goal Campaign Examples
Engagement Nurturing
Early Build stronger relationships & increase interest
Thought leadership content
Outreach Nurturing Early to mid Captures new leads, permissions, additional data
Valuable download – whitepaper or report
Ongoing Nurturing All Consistent communications to stay top of mind
SEGMENTED monthly newsletter
Conversion Nurturing
Late Support sales conversion
Buyers guides, ROI calculators
New Customer Nurturing
End of initial buying cycle
Repeat purchases, reputation, referrals
How to info, getting started, support
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Early to Mid Buying Cycle StagesNurturing Type Buying Cycle Stage Campaign Goal Campaign Examples
Engagement Nurturing
Early Build stronger relationships & increase interest
Thought leadership content
Outreach Nurturing Early to mid Captures new leads, permissions, additional data
Valuable download – whitepaper or report
Ongoing Nurturing All Stay top of mind SEGMENTED monthly newsletter
Conversion Nurturing
Late Support sales conversion
Buyers guides, ROI calculators
New Customer Nurturing
End of initial buying cycle
Repeat purchases, reputation, referrals
How to info, getting started, support
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Late Buying Cycle StagesNurturing Type Buying Cycle Stage Campaign Goal Campaign Examples
Engagement Nurturing
Early Build stronger relationships & increase interest
Thought leadership content
Outreach Nurturing Early to mid Captures new leads, permissions, additional data
Valuable download – whitepaper or report
Ongoing Nurturing All Stay top of mind SEGMENTED monthly newsletter
Conversion Nurturing
Late Support sales conversion
Buyers guides, ROI calculators
New Customer Nurturing
End of initial buying cycle
Repeat purchases, reputation, referrals
How to info, getting started, support
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Late Buying Cycle StagesNurturing Type Buying Cycle Stage Campaign Goal Campaign Examples
Engagement Nurturing
Early Build stronger relationships & increase interest
Thought leadership content
Outreach Nurturing Early to mid Captures new leads, permissions, additional data
Valuable download – whitepaper or report
Ongoing Nurturing All Stay top of mind SEGMENTED monthly newsletter
Conversion Nurturing
Late Support sales conversion
Buyers guides, ROI calculators
New Customer Nurturing
End of initial buying cycle
Repeat purchases, reputation, referrals
How to info, getting started, support
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Audience QU:
“Interested in learning whether content gating (having users fill out a form before downloading
assets like white papers) really works, and how/why”
-Kerry Skemp SnapHop
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Sample Segmentation Plan
Engagement
NurturingOutreach Nurturing
Ongoing Nurturing
Conversion Nurturing
New Customer Nurturing
Buyer persona 1
Buyer persona 2
Buyer persona 3
Buyer persona 4
Buying Cycle
Pers
onas
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Five Key Components for Nurturing
1. Segmentation
2. Content
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ContentCreate important, relevant and valuable content that will nurture your leads through the buying cycle.
Challenge• Creating content is expensive
and time consuming
• Marketers constantly have a need for more quality
Solution• Many marketers have a library
of existing content that has only reached a small portion of their targets
• Audit your library of content assets, then reformat and repurpose for lead nurturing campaigns
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Multichannel messaging, thought leadership and segmentation rated as top engagement tactics
Research audience preferences for subject matter, format, style, etc.
Top Tactics in Creating Engaging Content
Allowing audience to select communication preferences
Sponsoring third-party content
Establishing buyer personas
Testing the timing and delivery of content
Testing and optimizing value proposition
Incorporating social media
Segmenting the delivery of content
Improving thought leadership
Using a multichannel messaging strategy
16%
20%
21%
26%
27%
36%
37%
45%
46%
Source: ©2011 MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded June 2011, N=1,745
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Sample Segmentation & Content Plan
Engagement
NurturingOutreach Nurturing
Ongoing Nurturing
Conversion Nurturing
New Customer Nurturing
Buyer persona 1 Best practice article series 1
Whitepaper download series 1
Newsletter 1Updates
Buyer’s guide 1Comparison 1
ROI Calculator 1
Getting started series 1
Buyer persona 2 Best practice article series 2
Whitepaper download series 2
Newsletter 2Updates
Buyer’s guide 2Comparison 2
ROI Calculator 2
Getting started series 2
Buyer persona 3 Best practice article series 3
Whitepaper download series 3
Newsletter 3Updates
Buyer’s guide 3Comparison 3
ROI Calculator 3
Getting started series 3
Buyer persona 4 Best practice article series 4
Whitepaper download series 4
Newsletter 4Updates
Buyer’s guide 4Comparison 4
ROI Calculator 4
Getting started series 4
Buying Cycle
Pers
onas
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Five Key Components for Nurturing
1. Segmentation
2. Content
3. Channels
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Channels
Lead nurturing often begins with email, but channels can be expanded for greater results.• Consider the original lead source - was it email, web form, or
phone call?
• Test new channels for nurturing, like direct mail, teleprospecting, social
• Ask! Survey your audience on channel preferences
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Five Key Components for Nurturing
1. Segmentation
2. Content
3. Channels
4. Timing
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Timing
Deliver relevant content to your audience WHEN they want and/or need to receive it.
• Timing and frequency of delivery
• Combine scheduled and triggered blasts • Make an educated guess for launch,
then monitor and test over time
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Frequency of Lead Nurturing Touches
More than once a month
Once a month
Once every three weeks
Once every other week
Once a week
A few times a week
Once per day
Multiple times a day
11%
12%
8%
17%
18%
20%
5%
9% Majority have a frequency of a few times a week, once a week and once every other week
Start with an educated guess, then test
Source: MarketingSherpa B2B Marketing Benchmark Survey Methodology: Fielded Aug 2010, N=935
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Five Key Components for Nurturing
5. Optimization
1. Segmentation
2. Content
3. Channels
4. Timing
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Optimization
Your lead nurturing campaigns will be a moving target with continual optimization.
All aspects of your lead nurturing campaign should be tested and optimized:
• Segmentation• Content• Channels• Timing
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Optimization – Questions to Ask
•Are there additional segments that can be added?•Do our existing segments need further detail?
Segmentation•Is the subject matter resonating and engaging?•Is the content format preferred?•Is the language / style resonating?
Content
•How are existing channels performing?
•What new channels can we add and test?
Channels
•What time of day, week, month do our nurturing campaigns perform the best?
•What frequency generates the most engagement?
Timing
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Five Key Components for NurturingSummary
5. Optimization
1. Segmentation
2. Content
3. Channels
4. Timing
![Page 56: 5 key components for establishing and optimizing lead nurturing campaigns](https://reader033.vdocuments.us/reader033/viewer/2022060109/55528b23b4c9051f108b457d/html5/thumbnails/56.jpg)
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Jen DoyleSenior Research Manager, [email protected]@JenLDoyle
Kaci Bower Senior Research Analyst, [email protected]@KaciBower
Thank you