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6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
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6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
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6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
Publicité
6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
6 degrees of Demand Generation
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6 degrees of Demand Generation
6 degrees of Demand Generation
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6 degrees of Demand Generation

  1. 6 Degrees of Demand Generation The essential guide to delivering leads 6 Degrees of Demand Generation 1
  2. Rethinking the sales cycle Today, marketing is more than simply about doing some communications and throwing leads over the wall to sales. It is a discipline that touches every part of the sales cycle – attracting new customers, making them sales-ready, helping close the deal, converting new customers into advocates, delivering long-term repeat sales. Fundamentally, this means the marketing sales cycle is now both longer and more complex than ever before. It requires a more holistic view of how to take someone from cold prospect to active evangelist. And it demands that marketers must deploy a wider range of strategies and tactics – understanding what to use and when to use it to deliver the best results. Today, marketers must have access to expertise in every aspect of generating demand. It is no longer enough to think just in terms of direct or brand or even digital. To do so significantly limits the results you can achieve. Of course, we are now used to hearing about the latest developments in social and mobile and all the other bright shiny new things. But you can’t simply jump on the bandwagon and hope it will magically deliver the result you need (no matter what some ‘social media gurus’ tell you). Demand generation today is as much about science as it is about art. It requires that you intelligently mix and blend different approaches. It’s about measuring results (in all their varied forms). And it means adapting to changing circumstances, tuning your activity to take advantage of new opportunities. 6 Degrees of Demand Generation 2
  3. Aligning sales and marketing The war is over. Today, the most important word in ‘sales and marketing’ is and. It’s now more important than ever that the two groups work closely together. Silos kill results, fostering a ‘them and us’ culture which works against generating long-term profitable demand. Marketing must gain an ever- deeper understanding about how sales convert opportunities into customers. They have to understand both the triggers and barriers to a sale. And they must use their own skills to tip the odds of a successful outcome in their salespeople’s favour. Effective communication is vital. Together, sales and marketing must have a clear picture of what a qualified lead looks like. They should agree on the core stages of the sales funnel. And they must map out the entire workflow, including who is responsible for what. What does success look like? Objectives should begin with the overall business strategy. Unless they can be tied back to this, serious questions must be asked about whether you have the right objectives in the first place. They should be SMART (Specific, Measurable, Achievable, Realistic and Timely). Specific – what exactly do we want to achieve? How many leads will we need to convert to final sales? Who precisely are we talking to? Where are they? Measurable – what are we going to track? What are the benchmarks we should measure ourselves against? Can we test different approaches? How will we know when we’ve succeeded? Achievable – is what we want to do achievable? Or do we need more time, more money or a different set of objectives? Can we develop a must-intend-like approach of tiered objectives? Realistic – are we looking at the world as it is or as we’d like it to be? Have we avoided taking a distorted view of the market? What assumptions are we making (and are they reasonable)? Timely – how long do we have? Is now the best time? What stages can we break the task down into? 6 Degrees of Demand Generation 3
  4. Thinking through the funnel There is a tendency to look at the sales funnel in a very narrow way – all too often it means doing some basic activity to generate leads at one end and then additional activity to drive these leads towards a sale. While this isn’t wrong, it misses much of what it takes to deliver exceptional results. In this guide we’ll be focusing on the core sales funnel itself but it is perhaps better to think about the sales cycle in three stages: Pre-funnel – the activity that targets the pre-customer and helps build brand and reputation so that they become receptive to more overt demand generation tactics Funnel – creating and sustaining momentum with relevant content and offers – nurturing leads over an extended sales cycle Post-funnel – creating brand advocates from new customers and generating ongoing profitable relationships It is also vital to think about those leads that fall out of the funnel along the way (those that relapse). We should not give these up for dead. There must be strategies and tactics to reengage with them. 6 Degrees of Demand Generation 4
  5. The 6 essential tactics of successful demand generation There are, of course, a multitude of different approaches and tactics you can use to generate and sustain profitable demand. In fact, it’s this hyper-fragmentation that causes many marketers sleepless nights as they try to determine the best way forward for their brands. It’s been compounded by an increasing focus on media (i.e. where we should put our message) rather than strategy (i.e. how we should approach the market). This has led many marketers to get caught up in whether they need something like a social media campaign, without getting the foundations in place of how best to profitably acquire new customers. In the following pages we will take a step back and look at the six core elements to focus on when developing a successful demand generation programme – these are: 1. Getting inside customers’ heads 2. Behavioural targeting 3. Content marketing 4. Guaranteed success 5. Marketing automation and lead nurturing 6. Messaging channels We’ll look at each in turn and give some examples of how we’ve used these approaches to drive demand for some of our clients. 6 Degrees of Demand Generation 5
  6. 1. Getting inside customers’ heads There was a time when targeting B2B customers was all about demographics – job title, location, company size, etc. While this can provide some interesting information, it is insufficient to unlock the opportunities that will really deliver standout results. Today, you need to go deeper and understand the attitudes and motivations that are making your customers and prospects act the way they do (and which will encourage the behaviour you want to see). The move is from demographics to psychographics. But short of getting everyone on the psychiatrist’s couch, how do you do this? You start by listening. More people than ever are sharing their thoughts online – whether on blog posts, in comments, on support forums, in tweets. They are giving powerful clues about how the market as a whole (or at least large sections of it) is feeling. Monitoring tools, such as Radian 6 and Vocus, can be also used to give a more nuanced, insightful result. Of course, your prospects are searching too. The keywords they use give clear pointers to areas of confusion and gaps in the market – after all, if they knew the answers, they wouldn’t need to search. This information gives you a powerful indication of the kind of content and programmes you should be creating. It is now easier than ever to conduct simple online research to get many of the answers we need (providing, of course, we ask the right questions). By paying attention to all these factors, we can build up powerful buyer personas that will help us determine the most profitable approach to generating demand. And, as it works on an individual level, it works equally well for B2C marketing. In B2B, however, we rarely focus on a single buyer. More typically, we have to deal with a group of people with varying degrees of power and influence. Understanding and mapping these influences means you can take a more intelligent approach to communicating with your customers. Again, some intelligent research can help you map the relationships. And with the growth of networks such as LinkedIn, you can now target people who exactly match your audience at a time and place where they are in the right head-space to receive your message. 6 Degrees of Demand Generation 6
  7. This ultimately means that you’ll be able to talk to customers and prospects about what really matters to them. You’ll be able to influence both their thinking and behaviour, and drive higher results for your business. Case study: Adobe – CS5.5 Upgrade campaign Challenge Adobe Creative Suite is the market leader in graphic-based software solutions. With incremental product updates, Adobe research identified that slow adoption of new product suites across EMEA resulted in SMB customers running outdated software. Research showed customers had a “good enough” attitude to their existing older CS suites. Banner was tasked with developing a campaign to motivate users to upgrade, re- register and acquire new Creative Suite licences. Solution Given the target audience covered a wide range of market verticals and industry sectors, Banner determined the campaign would need to have an overarching theme, while providing tailored messaging to key decision makers. The “What If?” messaging encouraged the recipient to see the benefits of the new Creative Suite in light of their own business application. Creative Directors, IT Administrators and Procurement Managers were targeted with tailored email messaging navigating them through to a role-specific page on the microsite. 6 Degrees of Demand Generation 7
  8. Banner developed a series of online copy platforms for use across existing Adobe social platforms as well as customised creative “skins” for social networks. To support the digital materials, co-brandable DM booklets, posters, product cheat-sheets and event collateral were also developed. The flexibility of an Eloqua microsite allowed for multiple entry points based on job function or interest while still leaving access open to all other areas. Supporting content such as pre-filled emails and upgrade guidelines were available and tracked so that Adobe would be notified of both target activity and areas of interest. This allowed for accurate profiling and increasingly relevant targeting. 2. Behavioural targeting So we know how our customers think. But how can we know when and how they are going to act on those thoughts? And what can we do to improve our chances of influencing them at just at the right time? Fortunately, actions speak louder than words. Customers do a pretty good job of telling us exactly when they are going to buy. As they move across our sites and the wider web, they leave digital footprints. These footprints create patterns of activity that are indicative of what they will do next and how close they are to buying. Of course, if we can spot these patterns, we can serve up the right messages at the right time to have the most profitable impact. And this is exactly where behavioural targeting comes in. By tracking a user’s behaviour, we can score and assess their activity, building up a picture of their ‘digital body language’ (as Eloqua calls it). This profile can then be used to serve up contextual messages and offers designed to drive conversion, either on your site or across the wider internet with media partners. 6 Degrees of Demand Generation 8
  9. By closing the gap between indicative behaviour and marketing message, we can increase a prospect’s likelihood to buy and cut competitors out of the equation. Case study: Sage – All Business campaign Challenge Sage is well known for the accounting software it provides for small businesses. However, many people don’t realise that Sage also has a wide range of offerings for larger companies and enterprises. This means they have tended to lose out to the likes of SAP and Oracle on vendor shortlists. Our challenge was to make Sage more relevant to the large business market. In particular to focus on four key areas: Construction, CRM, ERP and HR & Payroll. Solution Sage had some great video case study content featuring current large business customers talking about how easy it was to implement their software. These became the core of our campaign. Because it can be difficult to drive respondents to external sites (especially if you are less well known) we created an interactive nanosite. Four versions of the nanosites were developed, each promoting a different key vertical market. These vertical- specific nanosites were then served up to the relevant audience through highly targeted site placements and behavioural targeting, ensuring the end-user only saw case studies relevant to their industry. The campaign also expanded into print, mobile advertising and lead generation. Results The nanosites outperformed the industry average in every measure. They created more impact and, crucially, greater engagement. In fact they outperformed the industry average interaction time by almost 300%. The campaign on the whole helped solidify Sage’s presence in the mid-market segment; a survey revealed an improvement in perception of thought leadership and the innovative nature of the firm. 6 Degrees of Demand Generation 9
  10. 3. Content marketing B2B and technology buyers do not generally buy on a whim. Their purchases are not driven by wanting to look cool or eat sugary snacks or drive a fast car. More often than not, they’re looking to solve a tangible business problem. Most business problems are complex and touch every part of the organisation. They ask the big questions: how can I improve supply chain efficiencies? How can I gain a more accurate picture of what’s going on? And how can I respond to threats and opportunities faster? Ultimately, businesses need answers. What this means is that, when they come to your site, they aren’t looking for your products. They want someone who can help them overcome the challenges they face. In the first instance, they’re looking for content. Content that’s about them, their issues and their situation. Content that will help them move forward regardless of whether they go on to buy your products. This is the cost of beginning a relationship. It allows prospects to judge what lies behind the claims, giving them a sense of what the relationship might be like if it progressed. It’s your big chance to earn some major brownie points for being a helpful, knowledgeable business partner. Of course, this is just the ice-breaker – what you want is a deeper relationship. You want to get into a conversation about the issues. A conversation that gives you the opportunity to show how your products and services can deliver the solution. This means sharing your content beyond the firewall, encouraging people to pass it on, discuss it and ask you questions about it. It also means developing a range of content in a variety of formats. Some people will happily read a white paper or ebook while others prefer video or a webinar. Importantly, different content is effective at different stages of the sale. In the early stages and pre-funnel, you’ll need thought- leadership pieces that examine the issues from a high level. Later, you may need the validation of a white paper or analyst report. And, later still, you may need to develop an interactive ROI tool. 6 Degrees of Demand Generation 10
  11. While content marketing requires a greater commitment to develop ongoing material that can be deployed over an extended time period, it allows you to match your communications far more precisely to the extended buying cycles found in B2B. Case study: Novell EMEA Virtualisation – Content Audit Challenge Novell engaged Banner to launch a European demand generation and lead nurture program for their Virtualisation products. Key to the success of any multi-stage nurture program is content, but Novell had a huge amount of content in many different formats across its website and other content repositories. They didn’t know what content they had and weren’t aware which pieces of content would be best to drive awareness and convert prospects. The negative impact of poorly created content cannot be underestimated: slower decision-making, frustrated customers and lost deals. Something had to be done to bring clarity to the situation and ensure that every piece of Novell content was working as hard as it could. Solution Banner recommended a content audit to Novell EMEA. Working in conjunction with IDG Connect, the content audit reviewed hundreds of pieces of existing content and rated them according to their ability to progress a prospect through the buying cycle. Source: IDG Connect 6 Degrees of Demand Generation 11
  12. IDG identified a five-stage process from initial consideration through to sale. Each stage had been exhaustively researched to uncover insights about audience behaviour and their requirements for content throughout the buying process: 1. General Education 2. Business Case Development 3. Implementation Scenarios 4. Shortlist Creation 5. Final Decisions Through the content audit we scored and mapped the content across these five stages, split the assets by target audience, their effectiveness at meeting audience requirements, how they were linked to other assets and their “shareability”. Ultimately, it created a “goodness” rating of the content. Anything under a certain score would need to be revisited. We put together an exhaustive presentation and recommended how Novell could improve their existing content to increase buyer momentum. A gap analysis showed what new content types would be needed across each buying stage. We also suggested alternative content formats that would create more impact than standard PDFs and made recommendations to ensure that each piece of content was created with a prospect-centric view. Ultimately, we were able to make recommendations that would enable Novell to optimise its content portfolio to increase demand generation performance. 6 Degrees of Demand Generation 12
  13. 4. Guaranteed success Virtually every marketing programme is a leap of faith. No matter how much data you have, how robust your insights or how great your offer, you can never be 100% sure of the results you’ll achieve. Understandably, this can hold you back when assigning scarce budget against ambitious targets. But what if you could guarantee the results you’ll achieve? Such is the promise of a guaranteed lead generation programme. Essentially, this involves creating a piece of content such as a white paper or high-value report and specifying what a marketing-qualified lead looks like (e.g. they have a need, are in the right sector and geography and have a purchase timeframe of 6 months). Then we agree with a publisher that they will commit to delivering X number of leads at an agreed cost per lead. Now, this cost may well be more than you might pay if you were to run a traditional lead generation campaign, but it does mean that you know exactly how much you will pay for every marketing-qualified lead you get. It also places the onus on the publisher to deliver against your targets using all the means at their disposal – this will tend to result in them up-weighting their promotional activity featuring your brand if they are in danger of not hitting their targets. All without any additional cost to you. While this approach is not for everyone, we have seen it deliver standout results for a number of our clients, particularly targeting enterprise decision makers. The secret is to have a high value piece of content, to be very clear about what constitutes a lead and to understand the real value of a lead given your typical rates of conversion. 6 Degrees of Demand Generation 13
  14. Case study: Riverbed – Pan-European Online Lead Generation Challenge Banner was tasked with delivering qualified leads to the Riverbed sales team through white paper promotional activity. Riverbed is ultra-strict when it comes to rejecting leads which don’t meet requirements, so diligent campaign management was needed. Solution Using quarterly budgets, white paper programmes were set up to drive response via email and web promotions. Leads were gathered, checked against the extensive exclusion list and detailed filter list and, if correct, were sent onto the client via secure FTP (to comply with data protection). Leads which did not fulfil the criteria were returned and reconciled with the publishers. Contracts were in place with certain publishers, so a rebate based on volume of spend was applicable and could be rolled into additional activity. To boost awareness via lead gen, a number of live webinars were recorded which delivered leads and promoted the wider Riverbed message. Results We generated 3,570 leads with approx 10% over delivery. The success of the campaign led to the EMEA team extending the white paper programme into more countries across the region – directly indicative of how the white paper programme influences the sales cycle. 6 Degrees of Demand Generation 14
  15. 5. Marketing automation and lead nurturing One of the defining differences between B2B and B2C is the length and complexity of the sales process. In B2B, multiple buyers, multiple stages and multiple tiers of distribution all conspire to create an extended process that must be managed over time. This means that you cannot simply dangle a single piece of content like a carrot at the beginning of the process and then expect it to turn into a sale six, nine or twelve months later. Having a well-considered lead nurturing programme that will cover the expected time it will take for a lead to be acquired and finally passed to sales is fundamental to success. Traditionally, these programmes have communicated with prospects at predefined intervals and with a number of touches, each offering further resources or additional content. Every touch is designed to shift the conversation on a little, moving the prospect closer to a sale. So we may begin by offering a free analyst report, followed by a short video giving an overview of how the product solves a particular problem. After that may come a case study and invitation to a webinar (all specific, of course, to the task in hand). While this traditional approach delivers results, there are ways to take it a stage further. A marketing automation system lets you communicate more dynamically, delivering relevant communications based on customer triggers. So a customer downloading a white paper may trigger a follow- up offer. One using an ROI tool may trigger a sales call. And we might decide to offer one view of our website to a certain type of customer and another to a different one based on their behaviour. More than this, using lead scoring we can determine where an individual prospect is in the funnel and use pre-defined rules to automate the whole process. This enables us to have a sophisticated, responsive solution without the crippling timescales such an approach would traditionally take. This also means that we can stop thinking in terms of fixed-length campaigns. Because each action is triggered by a previous one, ‘campaigns’ can run as long as there are products to sell and customers to buy them. Combining marketing automation with intelligent lead nurturing means we can generate demand even for the most extended sales cycle. 6 Degrees of Demand Generation 15
  16. Case study: Colt – Smart Office Challenge Colt had a range of point products designed specifically for the needs of the SME market and sold through a network of European channel partners. The challenge they had was twofold. Firstly, while partners where relatively successful at selling individual products, they struggled in moving beyond this to sell suites of interlinked solutions. Secondly, Colt wanted to get much closer to its partners to help them to succeed. Solution We worked with Colt on the naming of the new suite of products, which was finally christened Colt Smart Office. We developed a positioning around “greater flexibility, more possibilities” to successfully compete against the perceived inflexibility of the national carriers they were competing with. Then we created a suite of communications materials that could be used across Europe. These included EDMs, direct marketing, datasheets and solution guides. We also built an Eloqua-powered microsite and an interactive Flash tool allowing visitors to discover the right suite of products for their individual needs. The website was capable of serving different content based on the visitor profile and their previous interaction with the campaign. All visits to the site were monitored and hot leads were sent as alerts to the Sales and Marketing teams at Colt. All marketing data captured in Eloqua was synchronised with salesforce.com to ensure effective follow-up on every lead. Finally, we developed a full channel pack featuring cheat sheets, proposition guides and telemarketing scripts to get partners on board with the campaign. 6 Degrees of Demand Generation 16
  17. 6. Messaging channels Today there are a multitude of ways to communicate with a customer. We consider over 80 when we’re planning our campaigns (and that’s just the main channels). This presents both an opportunity and a problem. On one hand, there are many more ways to get through to our audiences. But, on the other, they have many more ways to avoid us. Of course, if we get our content right, then communicating becomes less about the interruptive battle for attention and more about engaging with customers where they want, with information and tools to help them get stuff done. Search is key. As we mentioned before, customers are clearly telling us what they want every time they enter a term into Google. Using this information not just in PPC campaigns but also as a foundation for developing tools and content is an obvious (though surprisingly rare) next step. In addition, where at one time all messaging was essentially one way (batch and blast), we’re now in an age that values far greater social interaction. Now this doesn’t necessarily mean that all customers and prospects want to be your ‘friend’, but they do value the opportunity to exchange opinions and have their say – they also appreciate being able to ask questions without a salesperson immediately jumping down their throat. While traditional channels still exist (and continue to deliver results for certain challenges) the move has been increasingly to social and almost wholly digital media. This doesn’t mean that the answer to all marketing problems is a combination of Facebook and Twitter, though both have their place. Just that social components should be built into all your communications. Certainly, everything should be shareable. But this is just the start. Today, you must look to make everything you create remarkable in the true sense of the word – to have sufficient inbuilt interest and usefulness for customers to want to remark upon it. Let’s face it, no one will ever be bored into sharing and spreading your content. There is a glut of dull, self- serving content on the web. You need to think hard about how to lift yours out of the mire. 6 Degrees of Demand Generation 17
  18. This is as much about attitude as media. If you begin by looking for ways to engage with your audience rather than just shouting at them, you’re more likely to create campaigns that are both enduring and effective. The one channel that is beginning to radically change the way people access information is mobile. Mobile forces us to be far clearer and simpler in what we say. Even the larger screens are still smaller than we’re used to working with. While this may appear to be a limitation, it is probably no bad thing as it makes businesses focus on their core offering. Fundamentally, mobile makes us far more contextually aware – where are the people we’re communicating with? What are they trying to get done? What’s their appetite for content? Effectively generating profitable demand will ultimately require the skilful blend of paid, free and earned media. This can only be achieved if you have a deep understanding of your customers and their motivations and show how you can help them achieve success. Case study: Autodesk Showcase Challenge Autodesk ® Showcase ® is a real-time visualisation tool producing stunning, high quality renderings of CAD designs. Sadly, it was not well known (apart from among hardcore aficionados) and Autodesk wanted to use Social Media to help educate customers and prospects about the value of real- time visualisation to create demand. Solution Social media and content analytics showed us that a large amount of Autodesk-branded content already existed but was disparate and wasn’t effectively contributing to Autodesk’s marketing. The solution was to create a content destination for Showcase users and 3D design professionals. We worked 6 Degrees of Demand Generation 18
  19. closely with our social media agency partners Content & Motion (C&M*) to develop a bespoke Showcase site for both the UK and Italian markets. This highlighted the best in 3D design by Autodesk customers and provided best practice tips and insights from Autodesk technical experts. We spread the word using display advertising, SEM, a blogger PR programme and other content seeding techniques combined with strong content optimisation, a SEO programme and great search engine visibility. We then went further, introducing competitions and trial downloads as incentives for active participation. Content was generated by C&M* and Autodesk experts who were trained in best practice blogging and online engagement. Agency-side, we collectively managed the weekly editorial and publishing agenda via regular content analytics, trend analysis and content mapping – resulting in a steady flow of highly optimised posts targeted directly to the wider 3D design community. You can read more about how to use mobile and social channels to influence buyers in our B2B Mobile & Social white paper. 6 Degrees of Demand Generation 19
  20. Bringing it all together Today it’s more important than ever to take a holistic view of your demand generation activities. Customers are harder to reach and more resistant to being marketed at. They have no time for empty, claim-based approaches. People want to be treated like the individuals they are. They want brands to engage with them on a human level, to have a conversation about the issues (not just about their products). They want answers, not just ‘solutions’. For marketers, this requires a shift in both thinking and practice. You must understand what’s going on in your customers’ heads, what their real motivations are. You need to be able to affect their behaviour when they are most receptive and likely to be influenced. And you need to think more deeply about content. Content is king – useful, helpful content that helps customers get stuff done or gain fresh insights or discover what’s working (or not) in their market. Companies that are not continually thinking about developing effective content will simply not live up to their demand generation potential. Because B2B sales cycles are typically measured over months rather than weeks, being able to sustain your engagement over the long term is vital. Today’s marketing automation tools can help you take a more dynamic, individual approach to your communications, allowing you to successfully nurture prospects until they’re ready to buy. And finally, the multitude of available messaging channels mean that marketers must carefully pick and blend the ones that will deliver the best results. They must closely track performance. And importantly, they must be able to tune and adapt these channels over time to optimise their effectiveness. There has never been a more interesting time to be in demand generation. While the challenges can appear significant, the opportunities to deliver truly exceptional results are everywhere. All it takes is the right insight coupled to the right tactics. 6 Degrees of Demand Generation 20
  21. Let’s talk We hope you’ve found this guide interesting and useful. If you have any questions or would like to discuss any of the topics further, we’d love to talk. Email Michael Wrigley at michael@b1.com or call him on 020 7349 2266. Follow us on: Twitter: @bannercorp And keep up to date at: www.b1.com/blog 6 Degrees of Demand Generation 21
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