Over the last year I've realized a personal epiphany about lead management using marketing automation for companies of all sizes, even smaller companies.
As a long time seller I've always felt confident of my ability to sell my way to business success.
In the last few years the world has moved from the rhetoric of the internet to the reality of the internet.
Let's look at three changes this new web reality and the availability of marketing automation impacts:
- Selling Scope
- Buyer Behavior
- Competitive Realities
Selling Scope
The web has expanded target markets, even for smaller companies. The reach provided by phone and web communications makes it practical for businesses to expand targets beyond a regional focus previously served by in person meetings as a primary selling method, to national and even international markets.
Along with geographical expansion comes vertical market expansion. This means businesses are now communicating with more and different buyers than ever before.
Buyer Behavior
With this has come a shift in how B2B customers buy. The internet provides access to most of the information buyers need to start their buying process. This means they often operate in stealth mode from vendors far into their buying process.
This raises a significant challenge of finding appropriate prospects, or even being found by new buyers investigating solutions to new business problems.
Previously, buyers viewed sales reps as the access to important ideas and buying information. Today, that is much less the perception. How often do we hear, "I'm not ready to talk to a sales person yet," translated, "I'm not yet ready to buy, to give you an order."
Competitive Realities
While only about 10% of business-to-business sellers have implemented marketing automation to support defined lead management programs, it is clear to those following the results of these initiatives that this is a real game changer.
Lead management programs, supported by good content and marketing automation, fill the top end of the selling funnel more effectively and efficiently than ever before.
Ultimately, they will enable the complete shift of the B2B sales professional from "hunter" to trusted advisor, by providing the time and interested prospects for sales people to engage and support.
Said negatively, those who fail to embrace and effectively implement lead management programs will miss opportunities, discover potential opportunities too late, experience diminished brand, and realize in-efficient selling that will put them at a significant competitive disadvantage.
Could not agree more that the role of sales has changed dramatically. Since buyers self-educate, the need to speak to a salesperson has dramatically been reduced. This means the traditional means of connecting with prospects -- cold calling, email blasting, etc. are far less effective than they ever were.
This means that companies, and salespeople in particular, must embrace lead generation. They must map remarkable content to buying processes and roles. And they must have a well defined process with lead scoring to separate real leads from tire-kickers.
I also have many good articles like this at http://www.fearlesscompetitor.com and at http://www.findnewcustomers.net and I welcome comments there too.
Posted by: www.facebook.com/profile.php?id=751252471 | September 12, 2009 at 09:35 PM
Generating leads and converting it into sales are very crucial . . . there's no exact science or formula but rather it is an art. The process we used today is very effective but in the future is not because time is changing, more ideas and concept arise, technology, and people's expectations too.
Posted by: Sam Orvil | November 26, 2009 at 09:18 PM
Thank you, for such a clear and comprehensive post. Since I’ve been reading you, I feel I have begun to understand more about this topic. Please keep writing. I just hope people are listening to you and reading you.
Posted by: Leads | November 27, 2009 at 01:26 PM