lead funnel bbs_v3-nb

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Lead Generation Quick Start Series Workshop #5 Building a Lead Funnel

Post on 22-Oct-2014

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Cari Baldwin, Principal at BlueBird Strategies, educates marketers on the different phases of a lead funnel and how they should build and measure around these stages. She emphasizes strategies and tactics to address lead progression, lead acceleration and conversion tactics to move a lead to an opportunity.

TRANSCRIPT

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Lead Generation Quick Start Series

Workshop #5

Building a Lead Funnel

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Today’s Speakers: Featuring:  Cari  Baldwin  Principal  BlueBird  Strategies  @caribaldwin  

Moderator:  Andrew  Gaffney    Editor  DemandGen  Report  @agaffney  

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Welcome Webinar Attendees Your  GoToWebinar  A6endee  Viewer  is  made  of  2  parts:  

1. Viewer Window 2. Control Panel

Type your question here

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Build a Lead Funnel to Maximize Acceleration & Conversion

Cari  Baldwin  [email protected]  

@caribaldwin  @bbstrategies  

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What We’ll Talk About

!   The New Lead Funnel !   How to Build and Measure !   Avoiding the Bad Funnel !   Ensure Leads Progress and Convert

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The Traditional Funnel

6 6  

Sales  Ready    MQL  

Pipeline  SQL  

Corp  Website  

Events  Custom  Website   Email  Offers  

ConsideraGon  

Sales  

MarkeBng  

EducaGon  

Awareness  

Social  Media  

3rd  Websites  /  RegistraGons  

MarkeBng?  Sales?  

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Phases of The New Funnel

7

Lead  Nurture  

Lead  Level  1  

Closed  Won/Lost  

Lead  Level  2  

SQL  

MQL  

Opp

ty  

Lost  Leads  

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How to Build and Measure

!   Lead Management – Marketing & Sales Alignment – Lead Scoring – Lead Levels – Lead Process

!   Content Alignment !   Nurturing

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Bridge the Gap - SLA

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Lead Scoring

Qual   Demo   Interest     Lead  Score  

Combine qualification and demographic criteria with observed behavior to prioritize leads.

•  Qualification Criteria –  Budget, Timeline, Pain Point, Current Vendor

•  Demographic Criteria –  Company, Industry, Job Title, Job Role

•  Interest / Behavior Criteria (+/-) –  Action Taken (web visits, email opens and clicks, webcasts

attended)

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Company X Lead Scoring and Levels Lead Score 50 = Marketing Qualified Lead  

Level   DefiniBon   Lead  Score  

Level  1   A  response  to  Company   0-­‐9  

Level  2   Has  a  minimum  of  2  interacGons  with  company  x   10-­‐29  

Level  3   Has  had  a  minimum  of  2  interacGons  with  Company  AND  responded  with  qualificaGon  and  demographic  data  

30-­‐49  

Level  4  -­‐  MQL   Lead  has  reached  scoring  threshold  –  sent  to  SFDC   50+  

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Fine Tune the Lead Process

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Map Content to Buying Stage

Decision  on  Vendor  

Datasheet   Success  stories   Free  trial  

ConsideraBon  of  a  SoluBon  

ROI  Case  Study   TCO     OpGons  overview  

Awareness  of  a  Problem  

Analyst  overview   “I  feel  your  pain”   Thought  leadership  

13

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Avoid The BAD Funnel

14

Lead  Nurture  

Lead  Level  1  

Closed  Won/Lost  

Lead  Level  2  

SQL  

MQL  

Opp

ty  

Lost  Leads  

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Causes of the Buddha Funnel

!   Messaging and content at the wrong stage in the buying cycle

!   Messaging and content not relevant to the lead – Not paying attention to historical activity

and interests

!   Bad hand off between marketing & sales !   Lack of agreement between marketing

and sales on the de"nition of a lead

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How to Identify Issues

!   Construct your lead mgmt. system as a production line with speci"c steps

!   ID where every lead and oppty is on the production line

!   Regular reports –  Is there a normal funnel contraction from

left to right? –  Is there one step or steps causing the

Buddha? Do you have a double Buddha?

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Course Correction !   Change messaging and/or content at that

stage in a nurture !   Do not base on preconceived notions based

on industry or job title !   Target people caught in the Buddha to push

them to the next stage –  Think long term, not band-aid "x

!   Review the SLAs and escalation, look for process problem

!   Review the lead de"nitions. Are they right for your company?

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Just Do It

!   Lead nurturing was a top functional priority for 60% of marketing automation users prior to deployment, but only 31% of respondents in a new DemandGen Report study said they are using nurturing effectively.

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Types of Nurtures – Be Creative!

New  Prospects  

Long  Sales  Cycles  

Score  AcceleraGon  

Cross-­‐sell/Up-­‐sell  

Event  Follow-­‐up  

Customer  RetenGon   Role/Title   Industry  

Company  Specific  

Wake  the  Dead   Remarket   Sales  

AcceleraGon  

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Thank you!

Cari Baldwin

650.464.4028 [email protected]

@bbstrategies @caribaldwin

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1. Viewer Window 2. Control Panel

Questions

Type your question here

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Thank you for attending!  Last  in  the  series:  

#6  The  Science  of  ConverGng  More  Leads  Into  Deals  

When:  June  28  at  1pm  ET    Featuring:    Henry Bruce,  President,  The Rock Annand Group

Spread  the  word!    -­‐>  bit.ly/LeadGen-­‐QuickStart  <-­‐