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LEAD NURTURING
                                           ELO[Q]UTION
                                               LESSON




 NURTURING ELO[Q]UTION LESSON
                           February, 2012




Copyright MarketOne 2012                             1
LEAD NURTURING
                                                                ELO[Q]UTION
                                                                    LESSON




WHAT WE’RE GOING TO TRY TO COVER TODAY
     What lead nurturing is
     When and when not to automate
     Where to start
     How to build a business case
     What kind of content works
     How to personalize and profile
     Which pages to drive people to
                                        STEVEN ELLIOTT
     What to score and where to route   Managing Director
                                        MarketOne Digital




Copyright MarketOne 2012                                                  2
LEAD NURTURING
                                               ELO[Q]UTION
                                                   LESSON




“Building a relationship with prospects,
   regardless of their timing to buy.”




Copyright MarketOne 2012                                 3
LEAD NURTURING
                                                             ELO[Q]UTION
                                                                 LESSON




            PRM
(Prospect Relationship Management)
 A systematic process for guiding and accelerating
prospects from initial inquiry to sales accepted lead.
LEAD NURTURING
                                                                         ELO[Q]UTION
                                                                             LESSON




                           EBD
                 (Experience Based Differentiation)
          Make the process of researching and buying your
        product or service a competitive differentiator in itself.




Copyright MarketOne 2012                                                           5
LEAD NURTURING
                                                        ELO[Q]UTION
                                                            LESSON




                 STORES


             APPLICATIONS


                MAC O/S


              HARDWARE


By integrating its entire stack, Apple is able to
      consistently delight its customers.
LEAD NURTURING
                                                           ELO[Q]UTION
                                                               LESSON




                 [your brand]

              TELEMARKETING
               / INSIDE SALES

                 DIGITAL
              COMMUNICATION

                 MARKETING
                TECHNOLOGY

                  PROSPECT
                    DATA


Providing a great prospect experience requires tight
    integration of the demand generation stack.
LEAD NURTURING
                             ELO[Q]UTION
                                 LESSON




Choose from many flavours!
LEAD NURTURING
                                                         ELO[Q]UTION
                                                             LESSON




1. Welcome & Education
2. Acceleration (Inquiry to MQL)
3. Keep Warm (Sales Rejected Leads)
4. Claw Back (Sales Neglected Leads)
5. Win Back (lost opportunities)
6. Re-engagement (with stale leads)
7. Process Automation (Trial Conversion, Freemium Upgrade,
      Licence Renewals)




Copyright MarketOne 2012                                           9
LEAD NURTURING
                             ELO[Q]UTION
                                 LESSON




BUILDING THE BUSINESS CASE
LEAD NURTURING
                     ELO[Q]UTION
                         LESSON




WIDE & SHALLOW
      or
NARROW & DEEP
LEAD NURTURING
                                                                                                                 ELO[Q]UTION
                                                                                                                     LESSON




               HOW LONG IS A PIECE OF STRING?
                                                                                           EMAIL Ac9
                                                                         EMAIL Ac8
                                                         EMAIL Ac7
                                          EMAIL Ac6
                     EMAIL Ac5
EMAIL Ac4                                                                                                       RE-ENGAGE
                                                                                                                 PROGRAM




       VOIP                 VOIP                 VOIP            VOIP              VOIP              VOIP
     LANDING              LANDING              LANDING         LANDING           LANDING           LANDING
      PAGE 4               PAGE 5               PAGE 6          PAGE 7            PAGE 8            PAGE 9



                            ACCELERATION
                              EMAIL Ac10


                                                                                           ACCELERATION
                                                                                             PROGRAM
                                                                     TELE-QUAL
                            ACCELERATION                             CALL 2
                              EMAIL Ac11
   LEAD
 SCORING                                                                                               OPPORTUNITIES
                                                                                                       TO SALES via CRM

               Copyright MarketOne 2012                                                                                   12
LEAD NURTURING
                                        ELO[Q]UTION
                                            LESSON




DON’T AUTOMATICALLY
AUTOMATE

 It’s not always possible
 Scheduled campaigning
 Don’t rely on content that dates
 But fresh content pulls well
 Don’t “set-and-forget”
LEAD NURTURING
                                      ELO[Q]UTION
                                          LESSON




HOW MUCH IS TOO MUCH?

      Newsletters?
      Outbound campaigns?
      Major announcements?
      Event invitations?
      Multiple nurture streams?
      Customer service emails?




Copyright MarketOne 2012                      14
MAKE A PLAN TO FEED THE MACHINE
LEAD NURTURING
    ELO[Q]UTION
        LESSON




                       ES
                     GU
                  EA
           LL       D
        CO       TE
             IN A
          OM
      SN          ES
    LE         DE
 SA         EN
         TT
       TA       CT
                   S
   EN        TA
 EV       ON
      NC           DS
                EA
  OW        BL
KN       WE
       W
    NE
LEAD NURTURING
                                                ELO[Q]UTION
                                                    LESSON




   “Every time you send a prospect an
irrelevant email, you’re telling them you
        don’t understand them.”




Copyright MarketOne 2012                                16
LEAD NURTURING
                                                                   ELO[Q]UTION
                                                                       LESSON




WHAT KIND OF CONTENT WORKS?

                        The
                      Content
                      Chasm
                                         BROCHURES
  THOUGHT                                    &
 LEADERSHIP         INFLUENCING          DATASHEETS


 It varies by client and campaign
 Case studies typically out-perform other assets
 Third party analyst papers & peer perspectives perform well
 Podcasts worst performing, brochures actually OK
 It doesn’t have to be a download or even your content
LEAD NURTURING
                                                                  ELO[Q]UTION
                                                                      LESSON




SIGNATURE EMAILS
  Provides variety and change of pace
  No significant improvement in open-rate or click-throughs
  Subject Line, Content Offer & CTA more important than format


The perils of personalisation
  Don’t over-use – the novelty wears off
  Ensure reply-to addresses are monitored
  Informal subject lines and questions – Can I help?
  Use of Fwd: and Re: in subject lines
  The need to whitelist multiple addresses
  Think about timing
LEAD NURTURING
                                                                       ELO[Q]UTION
                                                                           LESSON




    DON’T BE TOO CLEVER

     N
1                             Email 1: sent to 1,000 contacts 5% CTR
                 N            Email 2: sent to 50 contacts with 10% CTR
          2
                              Email 3: sent to just 5 contacts
     Y                3
                          Y



     Have you got the content to support role-based tracks?
      Don’t use opens to drive program rules (or scoring)
      Limitations on measurement of dynamic content
LEAD NURTURING
                                     ELO[Q]UTION
                                         LESSON




                    CONVERSION
                           vs.

               CONVERSATION



Copyright MarketOne 2012                     20
LEAD NURTURING
                                                            ELO[Q]UTION
                                                                LESSON




 SCORING PROGRAMMES

Do it with the inside sales team
Broad product portfolio? Multiple nurture programmes?
Keep Implicit scoring consistent and vary Express scoring
Do a first pass and review regularly
LEAD NURTURING
                                                                ELO[Q]UTION
                                                                    LESSON




GETTING PEOPLE OUT

     Educate telemarketing agency or inside sales team
     Keep prospects in program until manually removed
     Let all leads through to inside sales (with scoring)
     Close loop on lead quality and adjust scoring




Copyright MarketOne 2012                                                22
LEAD NURTURING
                                                                   ELO[Q]UTION
                                                                       LESSON




SOME FINAL WORDS OF ADVICE

 Nurturing is a long-term commitment
 Set expectations: no return likely within the first quarter
 Build a cross-functional team
 Consider dedicating resource
 Find a partner that can manage complexity on your behalf




                  Thank you.
STEVEN ELLIOTT
Managing Director, MarketOne Digital

selliott@marketone.com
Office +44 20 3580 4031
Mobile +44 7831 446 321

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Lead Nurturing

  • 1. LEAD NURTURING ELO[Q]UTION LESSON NURTURING ELO[Q]UTION LESSON February, 2012 Copyright MarketOne 2012 1
  • 2. LEAD NURTURING ELO[Q]UTION LESSON WHAT WE’RE GOING TO TRY TO COVER TODAY What lead nurturing is When and when not to automate Where to start How to build a business case What kind of content works How to personalize and profile Which pages to drive people to STEVEN ELLIOTT What to score and where to route Managing Director MarketOne Digital Copyright MarketOne 2012 2
  • 3. LEAD NURTURING ELO[Q]UTION LESSON “Building a relationship with prospects, regardless of their timing to buy.” Copyright MarketOne 2012 3
  • 4. LEAD NURTURING ELO[Q]UTION LESSON PRM (Prospect Relationship Management) A systematic process for guiding and accelerating prospects from initial inquiry to sales accepted lead.
  • 5. LEAD NURTURING ELO[Q]UTION LESSON EBD (Experience Based Differentiation) Make the process of researching and buying your product or service a competitive differentiator in itself. Copyright MarketOne 2012 5
  • 6. LEAD NURTURING ELO[Q]UTION LESSON STORES APPLICATIONS MAC O/S HARDWARE By integrating its entire stack, Apple is able to consistently delight its customers.
  • 7. LEAD NURTURING ELO[Q]UTION LESSON [your brand] TELEMARKETING / INSIDE SALES DIGITAL COMMUNICATION MARKETING TECHNOLOGY PROSPECT DATA Providing a great prospect experience requires tight integration of the demand generation stack.
  • 8. LEAD NURTURING ELO[Q]UTION LESSON Choose from many flavours!
  • 9. LEAD NURTURING ELO[Q]UTION LESSON 1. Welcome & Education 2. Acceleration (Inquiry to MQL) 3. Keep Warm (Sales Rejected Leads) 4. Claw Back (Sales Neglected Leads) 5. Win Back (lost opportunities) 6. Re-engagement (with stale leads) 7. Process Automation (Trial Conversion, Freemium Upgrade, Licence Renewals) Copyright MarketOne 2012 9
  • 10. LEAD NURTURING ELO[Q]UTION LESSON BUILDING THE BUSINESS CASE
  • 11. LEAD NURTURING ELO[Q]UTION LESSON WIDE & SHALLOW or NARROW & DEEP
  • 12. LEAD NURTURING ELO[Q]UTION LESSON HOW LONG IS A PIECE OF STRING? EMAIL Ac9 EMAIL Ac8 EMAIL Ac7 EMAIL Ac6 EMAIL Ac5 EMAIL Ac4 RE-ENGAGE PROGRAM VOIP VOIP VOIP VOIP VOIP VOIP LANDING LANDING LANDING LANDING LANDING LANDING PAGE 4 PAGE 5 PAGE 6 PAGE 7 PAGE 8 PAGE 9 ACCELERATION EMAIL Ac10 ACCELERATION PROGRAM TELE-QUAL ACCELERATION CALL 2 EMAIL Ac11 LEAD SCORING OPPORTUNITIES TO SALES via CRM Copyright MarketOne 2012 12
  • 13. LEAD NURTURING ELO[Q]UTION LESSON DON’T AUTOMATICALLY AUTOMATE It’s not always possible Scheduled campaigning Don’t rely on content that dates But fresh content pulls well Don’t “set-and-forget”
  • 14. LEAD NURTURING ELO[Q]UTION LESSON HOW MUCH IS TOO MUCH? Newsletters? Outbound campaigns? Major announcements? Event invitations? Multiple nurture streams? Customer service emails? Copyright MarketOne 2012 14
  • 15. MAKE A PLAN TO FEED THE MACHINE LEAD NURTURING ELO[Q]UTION LESSON ES GU EA LL D CO TE IN A OM SN ES LE DE SA EN TT TA CT S EN TA EV ON NC DS EA OW BL KN WE W NE
  • 16. LEAD NURTURING ELO[Q]UTION LESSON “Every time you send a prospect an irrelevant email, you’re telling them you don’t understand them.” Copyright MarketOne 2012 16
  • 17. LEAD NURTURING ELO[Q]UTION LESSON WHAT KIND OF CONTENT WORKS? The Content Chasm BROCHURES THOUGHT & LEADERSHIP INFLUENCING DATASHEETS It varies by client and campaign Case studies typically out-perform other assets Third party analyst papers & peer perspectives perform well Podcasts worst performing, brochures actually OK It doesn’t have to be a download or even your content
  • 18. LEAD NURTURING ELO[Q]UTION LESSON SIGNATURE EMAILS Provides variety and change of pace No significant improvement in open-rate or click-throughs Subject Line, Content Offer & CTA more important than format The perils of personalisation Don’t over-use – the novelty wears off Ensure reply-to addresses are monitored Informal subject lines and questions – Can I help? Use of Fwd: and Re: in subject lines The need to whitelist multiple addresses Think about timing
  • 19. LEAD NURTURING ELO[Q]UTION LESSON DON’T BE TOO CLEVER N 1 Email 1: sent to 1,000 contacts 5% CTR N Email 2: sent to 50 contacts with 10% CTR 2 Email 3: sent to just 5 contacts Y 3 Y Have you got the content to support role-based tracks? Don’t use opens to drive program rules (or scoring) Limitations on measurement of dynamic content
  • 20. LEAD NURTURING ELO[Q]UTION LESSON CONVERSION vs. CONVERSATION Copyright MarketOne 2012 20
  • 21. LEAD NURTURING ELO[Q]UTION LESSON SCORING PROGRAMMES Do it with the inside sales team Broad product portfolio? Multiple nurture programmes? Keep Implicit scoring consistent and vary Express scoring Do a first pass and review regularly
  • 22. LEAD NURTURING ELO[Q]UTION LESSON GETTING PEOPLE OUT Educate telemarketing agency or inside sales team Keep prospects in program until manually removed Let all leads through to inside sales (with scoring) Close loop on lead quality and adjust scoring Copyright MarketOne 2012 22
  • 23. LEAD NURTURING ELO[Q]UTION LESSON SOME FINAL WORDS OF ADVICE Nurturing is a long-term commitment Set expectations: no return likely within the first quarter Build a cross-functional team Consider dedicating resource Find a partner that can manage complexity on your behalf Thank you.
  • 24. STEVEN ELLIOTT Managing Director, MarketOne Digital selliott@marketone.com Office +44 20 3580 4031 Mobile +44 7831 446 321