MarketingSherpa Blog

Some fields seem more resistant to social media than others, and the transition strategy isn’t always readily apparent. Marketers in these fields know the benefits social media can bring, but need to find a way to engage their consumers in a way that is familiar and will breed genuine excitement.

Reading, for instance, is usually a solitary pursuit. It is cherished by the people who love curling up in a comfy chair in a sunlit corner with a worn Penguin classic, or who craft their own alone time while in the middle of a crowded subway or city park.

Readers emerge from this private world to connect with other readers in two ways – local book clubs, and lining up to meet authors at book signings.

Penguin Group (USA) found a way to integrate the book world’s most social activities into social media.  Read more…

Originally published on B2B LeadBlog

When you think of the word optimization, you might think of writing keyword-stuffed blog posts for search engine optimization or running split tests for landing page optimization. But, in reality, any marketing process can be optimized. Including lead generation.

On a webinar today for ReadyTalk at 1 p.m. EST — “Planning for 2013: How to best utilize top lead gen tactics in the New Year” — David Kirkpatrick, Senior Reporter, MECLABS, and I will review the basics of the lead generation funnel. We’ll provide a few back-to-the-basics tactics that you can consider as you work on planning your campaigns and budgets for 2013.

Among other things, we’ll take a basic look at conducting a lead generation analysis, to help you optimize your lead generation process, campaigns and programs. It’s really quite simple, but it requires taking the time during an already hectic Q4 close to evaluate what really works while building a deeper rapport with an equally (if not more) busy team of quota-carrying sales reps.

Step #1: Review closed deals

The best way to determine what will work is to look at what has worked. Begin with an analysis of the deals that have closed.

How did these closed deals enter the system?

Here are a few pieces of data you want to record during this review for each channel and specific campaign (and you likely want to add a few attributes that are unique to your company, as well):

• Number of deals won
• Total revenue
• Average deal size
• Buyer persona traits

Step #2: Review new leads

Now that you know what works, take a look at what you currently have. Break down your pipeline by marketing tactic used, and determine:

• Total lead volume — How many leads does each tactic generate?

• Qualified lead volume — How many of these are qualified leads as defined by your universal lead definition?

• Percentage of qualified leads per marketing channel — Determined using the above numbers

• Cost per lead — How much did these leads cost?

• Buyer persona(s) targeted — Which ponds are you fishing in, and whom are you trying to catch?

Step #3: Ask Sales

Check in with Sales to gather feedback on the performance of lead generation campaigns. You want to back up your data with real human experiences. What type of leads works best for Sales in their opinion?

This human interaction might help you uncover that although a certain tactic generates leads that close, they require many more resources from Sales to close the deal, while other leads are much easier to close. (For example, leads from a lead generation vendor may take a lot more work from Sales than leads that came in from a detailed content marketing program that provided all of the necessary info, and they’re much closer to having a discussion about contracts with Sales instead of simply requesting a RFP.)

Step #4: Identify opportunities

Use this complimentary data to identify the most effective channels and campaigns.

Consider what KPIs to optimize for, which may include lead volume, qualified lead volume, percentage of qualified leads per channel, and percentage of closed leads per channel.

Now that you know what has closed and what types of new leads you’re generating, where are there overlaps? Where do you fall short? For example, if you’re investing a lot in a tactic that generates many leads but they never close, you may want to shift some of that money to a tactic that generates a lower volume of leads that are more likely to close.

Not only will this help you optimize your marketing investments and lead generation capabilities, it can help optimize your relationship with Sales. When you have specific reasons to back up why you’re investing budgets in a certain way (which they may or may not agree with), they are more likely to support your decisions.

If nothing else, the human interactions of a Sales-Marketing huddle shows that you’re actively seeking input from Sales to help serve them better, and not allocating your budget and resources in a vacuum.

Related Resources:

Ideal Customer Profiles: 5 steps to ensure your lead generation stays on target

Lead Generation: 5 steps for managing cost and quality of leads (via MarketingSherpa blog)

B2B Lead Optimization: Why cheap leads can be so expensive (via MarketingExperiments blog)

An email recently came across my inbox with an interesting attachment, and I’m really looking forward to sharing it with the MarketingSherpa blog audience, because it’s a positive example for something I’ve seen many marketers struggle with – internal marketing.

In fact, when we asked 1,646 marketers their most pressing challenges in MarketingSherpa’s 2012 Executive Guide to Marketing Personnel, here’s what they had to say …

Chart: What challenges undermine your marketing department’s potential?

Click to enlarge

As you can see, roughly three-quarters or marketers said, “either a lack of funding or resources inhibit our growth and development.” So how can you get the resources and budget you need?

Back to that email I was telling you about. It was from Karen Doolittle, Director, Marketing Research, Embry-Riddle Aeronautical University.

Karen said, “While not a member of your organization, I quite often visit your website and attempt to glean information on the current state of affairs of email marketing.”

From the first line alone, I could tell that Karen is, what I like to call, a high-information marketer. The type of marketer that constantly looks for ways to improve her department’s performance. So I’m including her email attachment here, because I think all the other high-information marketers who read the MarketingSherpa blog can learn from it. She called it an …

Email Performance Whitepaper 

As you can see from the above link, what Karen did was quite simple, yet also pretty profound. I’m going to use an old quote that I love from Todd Lebo, Senior Director of Content and Business Development, MECLABS, to explain why, “Business leaders will never storm into the IT department and say, ‘I was taking a shower this morning, and had a great idea for some new PHP code.’ But they will come into the marketing department and say, ‘I was taking a shower this morning and thought of a great idea for an email send or a headline or a print ad.’”

What Karen’s piece says to business leaders is, “Hey, trust us over here; we know what we’re doing. And if you give us the funding and resources we need, we can keep doing it and keep improving.” But it uses data to prove that point, without having to make any claims at all.

Karen was kind enough to hop on the phone with me recently, go over the background of her internal whitepaper, and provide some tips to help you replicate this idea in your own organization. Below are selected edits from our conversation.

Read more…

We surveyed 1,915 marketers for the MarketingSherpa 2012 Lead Generation Benchmark Report, and asked them about the importance of offline lead generation tactics. Here is what the data revealed …

Q: How do you feel the importance of OFFLINE lead generation has changed over the last three to five years?

Read more…

I’ve previously written about using social media contests and sweepstakes to grow your social communities on the MarketingSherpa blog, but today I’m going to write about these promotions from a unique place many marketers dare not tread – from the customer’s perspective.

You see, I just happen to be one of five finalists in a nationwide program now accepting votes on Facebook. One idea will garner $100,000 in funding. (You can read more about my rooftop farming idea, an initiative focused on content marketing for grocery stores, and vote for me, Daniel Burstein, if you like.)

Getting the opportunity to see these programs from the perspective of a customer/finalist, here are a few lessons I learned and relearned along the way that might be helpful to you for your own social media promotions …

Read more…

MarketingSherpa has been covering email marketing for a long time. And, while we’re always interested in the latest tactics, marketers still must never overlook the basics.

For example, email timing. Searching through the MarketingSherpa Article Archive, I found this blog post from 2003, which refers to a case study where time of day helped a marketer garner open rates higher than 70%.

When is the best time to send an email?

This topic is definitely the “Email Marketing 101” question about which any marketer breaking into major email campaigns still wants information.

To take a more quantitative dive into the question of timing email, GetResponse Email Marketing decided to go into its substantial dataset for some research.

This involved analyzing 21 million messages sent from U.S. email accounts during the first quarter of 2012 to determine the top result for the following metrics:

• Open time
• Click-through time
• Recipients’ top engagement time  Read more…

I was a fat kid. Fat kids like cake. Once upon a time, when I was eight years old, I cleaned the entire house to surprise my mother. She rewarded me with a gigantic slice of cake. From that point, I scrubbed the entire floor, organized the pantry and washed the dishes in pursuit of that glorious reward — fresh cake.

The point is, if you do something right, and you recognize the relationship between your actions and the reward, it makes sense to put forth maximum effort to reproduce the action that resulted in being rewarded. The problem with social media efforts is that success usually goes largely unnoticed by businesses.

Find your hidden cake

I recently conducted a social media audit for a Research Partner. While working through massive amounts of data provided via Facebook Insight reports, I noticed something interesting. When filtering the most frequently syndicated content to reveal the five most viral posts ever produced by that partner, a pattern emerged. Three out of the top five posts were on the same topic, in the same format.

There’s more. The top five most syndicated posts averaged 22,424 stories created per post by users, whereas the bottom half of the top 10 averaged only 6,042 stories created per post by users.

So, not only were the top five posts more effective at causing syndication from users, but they were 371% more effective.

Since no fat kid would knowingly forgo cake, it’s probably a pretty safe assumption that no business would knowingly do less effective social posting if they knew they could be doing something more effective. (After all, cash is better than cake.) That means the company must be unaware of its achievement.

Read more…

Recently, I had the opportunity to speak with Julie Schwartz, Senior Vice President of Research and Thought Leadership at ITSMA (Information Technology Services Marketing Association), and Laura Patterson, President of VisionEdge Marketing. Both were involved in recent marketing research, 2012 ITSMA/VEM Marketing Performance Management Survey: The Path to Better Marketing Results.

The survey was conducted during the summer of 2012 via email and social media invitation through Twitter and LinkedIn, and included 405 completed surveys.

Here is a chart outlining details of the respondents:

Click to enlarge

All respondents were analyzed by company type, company size and by a self-grading system (grade results included, and note that “D” was the lowest possible grade):

• A – Marketing demonstrates contribution to the business: 25%

• B – Marketing makes a difference, but contribution is not measured (these marketers were considered “middle of the pack”): 33%

• C and D – Marketing may have an impact, but not known if impact is material (these marketers were considered “laggards”): 33% for “C” and 9% for “D”

Click to enlarge

Here are the key takeaways from the research:

• Marketing’s satisfaction with its ability to measure, analyze and improve performance is shockingly low

• Marketers are caught in a downward spiral as they report past performance to continually prove the value of marketing

• A few exceptional marketers have cracked the code; they excel across the board in data, metrics, processes, tools, analytical skills and reporting

• These grade “A” marketers can clearly demonstrate their value and contribution to the business

• The number of “A” marketers has remained relatively constant over time, but we see a decline in the number of “B” marketers

Because the heart of this research was marketing performance management, the self-described grades listed above were created by the key question: What grade would the C-suite give your marketing organization for its ability to demonstrate its value and impact on the business?

Read more…

All content is not created equal. For instance, according to a Nielsen report, men spend more than 247 million minutes per month viewing video via social media. Yet, women spend just 228 million minutes, despite the fact that more than 4,000 more women log on to social videos per day. Men just watch longer. If you want to engage men, videos are a superior form of content.

The still photograph remains king of the proverbial hill in terms of generating engagement with fans on social platforms. A 2012 study by ROI research found that 44% of users are likely to engage with brands if they post pictures, against 40% for regular status updates, and just 37% for video. Given that startling piece of information, a reasonable person might be led to ask the question:

Are all photographs created equal?

Do grainy, low-quality photographs thrown into a Facebook stream, more or less as afterthoughts, have the same impact as high-resolution, high-quality photography? Does it matter if the content is only photographic, or do graphical images also generate higher engagement numbers? Let’s look at one industry that is quite popular among the coveted 18-24 demographic on Facebook: entertainment (the companies shall remain nameless).

We begin by dividing the image content of several popular pages into two broad categories. First, there is the professional category. Images in this category tend to be high-resolution, feature-striking photography, be character based and contain only those graphics absolutely necessary to convey essential data. For example, look at the following image:

Click to enlarge

Read more…

Cisco’s social efforts regarding Cisco Live, a popular event the company throws yearly, was recently covered by a MarketingSherpa case study. Kathleen Mudge, Social Media Marketing Manager and consultant, Cisco, agreed to speak further with us on how she views and uses specific social networks.

With the effort featured in the case study, Cisco was looking for a way to extend the excitement that surrounded the event through the entire year using social media channels.

Facebook proved to be the tactic with the greatest reach with Cisco’s audience, above LinkedIn, which was a bit surprising for a B2B effort.

Mudge’s view of the results is that while Facebook pulls in a larger audience, they are both effective in accomplishing her communication goals.

Read more…