the Bredin Report
the Bredin Report
Subscribe | August 2010
the Bredin Report
 
the Bredin Report
 

Frontline View

Selling More to SMBs with Marketing Automation

Most marketers are good at generating leads. The challenge, of course, is converting them. A great deal of time can pass between when prospects first express interest and when they are ready to buy. In that time, sales reps often contact prospects too early – and then let the "unqualified" lead go. Other prospects receive ad-hoc, generic follow-up messages; or don't receive any follow-up at all.

Enter marketing automation. It's an ungainly term for a straightforward concept, which is simply nurturing leads with tailored content until they are ready to buy. Here's how it works:

  • The marketing and sales teams work together to identify the ideal sales candidate, lead scoring criteria and a set of communications for each prospect type and stage in the purchase cycle.
  • Marketing develops a systematic set of communications to nurture the leads – newsletters, articles, white papers, videos, webcasts, etc.
  • Marketing uses a marketing automation tool, such as Eloqua, Manticore or Marketo to respond to individual prospects based on their behaviors. For example, someone who watches a video might be sent an email offering a white paper while someone who registers for a webcast may receive a call from sales.
  • Sales follows up with the leads identified as contact-ready by the marketing automation tool.

The benefits of marketing automation are significant:

  • Prospects remain engaged with your company, via relevant and personalized communications, until they are ready to speak with a sales rep.
  • Sales performance improves since reps make fewer calls to more qualified leads. Your sales team has more information on each prospect so they can close more sales.
  • Your house list becomes more valuable, since you can consistently communicate with all of the prospects in your database.
  • Marketing productivity increases since many manual campaign elements become automated, and campaign metrics are easier to gather and assess. As a result, marketers can improve their campaigns on an ongoing basis.

Interested? BBI and our partner BlueBird Strategies can help you:

  • Identify and implement the marketing strategy solution that increases your lead velocity
  • Enhance your existing marketing automation solution through an expert assessment of your lead scoring, response triggers and content
  • Develop high-quality content to enhance your thought leadership position and maximize conversion at every point of the sales cycle

Contact us to discuss how we can help you rev up your lead generation – and conversion – engine.

 
 
     
     
 
SMB Market News

>> Bank of America Offers $100M Microloan Initiative
Bank of America will offer $10 million in grants to nonprofit organizations that help small businesses in rural communities. The bank says the move could lead to as much as $100 million in low-cost capital for small businesses.

>> Dell Unveils SMB Security Solutions
Dell released new security products as part of its larger strategy to increase sales among small and medium businesses. Developed with Juniper Networks, the new products integrate a suite of advanced network security services into a single appliance to help simplify their security deployments.

>> Amex Debuts Search Marketing Service
American Express OPEN launched a search marketing tool to simplify the process of buying search keywords. SearchManager enables small businesses and agencies to manage paid search campaigns on one dashboard across major networks, including Google AdWords, Yahoo! Search Marketing, Microsoft AdCenter and Facebook Ads. Search advertising firm Clickable powers the solution.

>> AT&T Apps Tap Mobile Payments Space
AT&T and Apriva released two applications that turn smartphones into point-of-sale devices to accept credit and debit card transactions. AprivaPay processes credit and debit transactions through a mobile phone browser, while AprivaPay Professional is downloaded directly onto a smartphone and can be integrated with an optional card reader and a receipt printer.

>> Chase Announces Hiring Incentive
JP Morgan Chase announced an incentive that rewards small businesses for each new employee they hire this year. Chase will lower the interest rate on a new Chase Business Line of Credit 0.5% for each of up to three new hires for the life of the loan.

>> Cloudmark Releases Anti-Spam Solution
Cloudmark Inc. unveiled Cloudmark DesktopOne, an anti-spam solution for small businesses and consumers. The company says the no-charge application will continuously filter email and webmail to eliminate spam and protect users against phishing and email-borne viruses.

>> BigCommerce Integrates Social Media
BigCommerce, a provider of multichannel ecommerce software for online merchants, released several upgrades, including mobile site, eBay and Facebook integration, to help small and medium businesses using its platform to include social media and make mobile traffic more easily.

Send us your news.

SMB Market Research

>> Pepperdine: Limited credit availability constrains small business growth.

>> NFIB: Small business optimism down 3 points to 89; record persistence of below-90 readings.

>> Keybridge Research: Small business credit cards are an important source of credit for small businesses and help boost new job creation.
    Client Spotlight

Webcasts 'R Us
For a leading telecommunications carrier, we develop webcasts to enhance relationships with current customers and to drive new customer acquisition. We recommend the topic, recruit the presenter and develop the presentation, including providing promotional support. Contact us to discuss how we can make you a webinar star.

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BBI
 

BBI helps Fortune 500 and emerging companies achieve their SMB marketing goals through research, strategy, outreach and sales support. Contact us to learn how we can help you.

 
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Bredin Business Information, Inc. | 2 Arrow Street, Suite 200 | Cambridge, MA 02138 | 617-868-6369 | www.bbionline.com