We often see Sales & Marketing departments working from different planets. Over 90% of marketing support tools and training goes unused by sales people, who spend 40 to 60 hours a month of selling time (!) re-purposing customer communications. The one accuses the other for low lead conversion rates. Sales mostly blame Marketers to be out of touch with customers. In short, they don’t get along. Isn’t this remarkable?
For Senior Management, it is often difficult to quantify the impact of poor alignment on corporate performance. But let’s face the facts: what does a stop to the battle between Sales & Marketing have on offer?
- Sales cycles get shorter
- Market entry cost goes down
- Lower Cost of Sales
Apart from considerable cost decrease opportunities, working together as a team directly impacts revenue. Think of aligned brand and product messages enhancing the company’s reputation in the market. Or increased profits when Sales follow up Marketing campaigns more effectively.
Everybody will agree that Sales & Marketing are supposed to work towards a common goal: maximising the company’s potential. Now what to do to close the gap between the 2 departments? Here are a few tips to get started:
- Introducing a common language is an absolute must
A common language enables development of goals and messaging that will be shared over departments and which every individual agrees upon. Also, it will become much easier to introduce aligned quantification and qualification criteria, e.g. for leads and campaign goals/results. Sales & Marketing will be able to correct and enhance each other’s work, and work together to achieve shared business goals.
- Aligning Sales & Marketing with customers’ readiness to buy
Most often, Sales & Marketing are driven by internal processes rather than the customer’s buying cycle. They will be giving company and product presentations, demo’s, sending proposals, etc … too often without any result. Sales & Marketing should learn together to understand the mental phases your customers are going through to come to a buying decision. These common insights will support Marketing to deliver sales-ready materials and Sales to better perform in the field.
- Introducing an experience sharing platform
Sales will learn from each other and Marketing will get a better grasp of what is really going on in the field. The platform consists of a small set of sales-ready deliverables which are kept up to date per segment and key-contacts in the buying process. Regular sales meetings with best practice sharing and assisted by marketing are the starting point. Ask your sales to send a blackberry style email with the summary of meetings (especially on pains, challenges and capabilities) and make sure marketing has access to that information in order to keep the best practice up to date.
Curious to learn about your experience with Sales & Marketing battles!
More than ever, this generation experiences the world as a rafting trip rather than a rowing-contest. This makes it impossible to tackle problems one at a time. A holistic approach, adapted to the specific environment, is the best way to a lasting solution. The marketing field is no different.
I see more and more companies seeking salvation in isolated short term plan of actions. Unfortunately these will only keep them out of the danger zone for a short while. Typical examples are: searching new target markets, one-off lead generation efforts hoping to find prospects that are ready to buy. This last one is a typical returning strategy in an attempt to find the famous needle in the hay-stack (lead generation).
Furthermore, today, more than ever, we have a multitude of tools and -techniques at hand. Numerous studies, amongst others the study delivered by the Aberdeen Group , have shown that optimal ROI can only be reached by using the correct mix of tools at all times.
Let me drill down on this new method of influencing your target market based on your own strengths (LEAD-NURTURING) rather than using lead-generation as a means of attracting new business. Lead nurturing means entering into a 1:1 conversation, on a continuous basis, with decision makers in your target market. This means communicating about the pains and the possible solutions your products and services can offer to solve these pains looked at it from the viewpoint of each decision-maker. The most common channels to market for lead nurturing are: email, website, blogs, whitepapers, documentation, speeches, 3rd party articles, follow-up by phone, webinars, podcasts.
Let me emphasize the most important advantages:
- The number of qualified leads will be at least doubled
- Cost of sales will be lower because your prospects will specifically seek your strengths
- Average revenue per order will be 57% higher (see Aberdeen study)
- Salespeople will succeed in winning more deals
- Next to your product-differentiation, your sales approach will also differentiate you
- A higher ROI of your marketing investments.
- Furthermore, these methods are cheaper than traditional promotional and advertizing campaigns.
Important to note is that the ROI is directly linked to the level in which you succeed to be perceived different. In order words: be different from your competitors instead of trying to be better.
Find more info on the Perpetos website:
To close off, some practical tips:
- Adapt the content of your message to the buying mindset of your prospect (meaning: Being interested, probably needing your solution or in the process of evaluating different suppliers)
- Define your product/market combinations directly linked to your your product-differentiation
- Make sure your website is optimized with the correct web key words (Search Engine Optimization – SEO). The website content must use language for all three mental stages
- Make use of Search Engine Advertising (SEA) to attract more traffic to your website
- Initiate a company blog. This is the ideal way to communicate with your customers and prospects. Don’t communicate about your products and services
- Use personalized landing pages to your website in emails. These will allow you to get more information about the click-behavior and the interests of each individual person
A step by step implementation of the above combined with follow-up by phone and email will guarantee your ROI.
Good Luck!
