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PRIVILEDGED AND CONFIDENTIAL1
DIGITAL BODY LANGUAGE
DECIPHERING CUSTOMER INTENTIONS IN AN ONLINE WORLD
TPMA OCTOBER 2009
PRIVILEDGED AND CONFIDENTIAL3
Transformative Shifts in Marketing
Distribution Becomes Free
Content Creation can be Decentralized
Information is Free; Sales is Not Information Conduit
PRIVILEDGED AND CONFIDENTIAL4
What really happened?• Information became free
• Prospects access information online
• Sales is no longer information conduit
• Sales is not able to read body language
• The challenge of reading and understanding the buyer falls to marketing
PRIVILEDGED AND CONFIDENTIAL6
How Should We Interact With the New Buyer
Campaign Management• Use digital body language to
understand buyers• Deliver the right message to the
right person at the right time• Use automation to respond on
his/her timeframe, not ours
Sales and Marketing Alignment• Use digital body language to
understand who is ready to buy• Connect sales with those who
are, nurture those who aren’t
• Use digital body language to understand campaign influence
• Understand the phases of the buying process
Marketing Analysis Data Management• Model the phases of buying process• Use digital body language to see
when a buyer is at which phase• Keep data clean and consistent
PRIVILEDGED AND CONFIDENTIAL7
Campaign Management
Campaign Management• Batch & Blast Communication• Segmentation Marketing• Event-triggered Marketing• One-to-one personalization• Real-time, multi-channel
marketing
• Make your campaigns more successful at driving revenue
Batch & Blast Marketing
Segmentation Marketing
One-to-one Marketing
Real-time, Multi-channel
Marketing
Always on,Always Connected
ProductFocused
RelationshipFocused
CustomerCentric
MarketingAutomation
Event-TriggeredMarketing
SegmentMarketing One-to-One
Personalization
Multi-ChannelMarketing
PRIVILEDGED AND CONFIDENTIAL8
AwarenessAwareness
ValidationValidation
DiscoveryDiscovery
Buying Process
Buying Process
Facilitating Buyers: Plug the Leaky Funnel
• Flying Car: Increase Awareness• Brief key influencers and bloggers• Search: related problems• Content and education efforts
• Wallflower: Be Found• Nurture marketing for top-of-mind• Search: seek to be found• Social media for awareness
• Red-Headed Stepchild: Be Selected• Listening post to understand reasons• Establish buying criteria through nurture
marketing• Engage sales at the right point through
careful lead scoring
Flying Car
Wallflower
Red-Headed Stepchild
PRIVILEDGED AND CONFIDENTIAL10
Thoughts as a Product Manager• How do buyers learn about my product category?• How do buyers discover my company?• How do buyers validate that my solution is the right one?
• Can my product decisions facilitate this?• Do I have market data that can be “talked about”?• Can the product exploit a network effect?• Can the product encourage peer-to-peer awareness?
PRIVILEDGED AND CONFIDENTIAL11
Sales and Marketing Alignment• Get sales and marketing on the same
page for greater sales effectiveness
Prospect/Lead Profiling
Co-Dynamic Lead Scoring,Lead Routing
Real-time Lead Alerts, Nurture Marketing
Coordinated, Real-time
Lead Processes
Sales and Marketing Alignment• Lead Scoring• Lead Routing• Lead Nurturing• Real Time Lead Alerts
Overall Demand Creation Focused
Prospect Data CollectionFocused
Sales EffectivenessFocus
Objective MetricsFocused
Lead NurturingLead Scoring
Sales Handoff
Lead Alerts
Lead Routing
PRIVILEDGED AND CONFIDENTIAL12
Part 1: Sales Alignment• Marketing Qualified Leads
• A common definition agreed to by sales and marketing> Marketing metrics: creating MQLs> Sales metrics: follow-up with MQLs to close
• A process agreement for full lifecycle of a lead> When is a lead passed to sales> How long for follow-up> Does marketing “claw back” leads> Should communication continue when sales is
selling• Nurturing throughout education process
prior to sales> Education and buy cycle can last months or
years
PRIVILEDGED AND CONFIDENTIAL13
Part 2: Sales Enablement• Individual Prospect Visibility
• Digital Body Language guides conversations
• Buying Team Visibility• Understand who key influencers
are
• Territory Visibility• Identify interested companies
PRIVILEDGED AND CONFIDENTIAL15
Thoughts as a Product Manager• What does my sales team need to know about my users?• Are there user actions that indicate a buying event?• How do we stay top-of-mind prior to a buying event?
• Can my product decisions facilitate this?• Am I providing the right user data to marketing/sales?• Are there ways my product can nurture/stay top-of-mind?
PRIVILEDGED AND CONFIDENTIAL16
Data Management• Get a 360 degree view of
your marketing prospectsData Management
• Data Profiling• Data Cleanse/Append• Data Acquisition• Inline/Real-time Data
Mgmt• Segment/Permission
Mgmt
Lists, Segmentation & Permission
Data Profiling & Bulk Cleansing
Data Append & Enhancement
Inline, Real-time Data Mgmt
Data InsightFocused
ListFocused
Data CompletenessFocus
Data QualityFocus
List Mgmt
SubscriptionManagement
Data Cleansing
Data Enhancement
Data Profiling
PRIVILEDGED AND CONFIDENTIAL17
Manage Data• Marketing touches data
constantly• Many are “non-controlled” sources
(lists, tradeshows, web forms)• Most are “continuous” sources
(web forms, registrations, events)
• Data is key to rules• Scoring leads• Routing leads• Analyzing results• Defining segments
PRIVILEDGED AND CONFIDENTIAL19
Thoughts as a Product Manager• What usage data is critical to marketing?• How does usage tend to grow?• What leads to attrition?
• Can my product decisions facilitate this?• Am I providing the right user data to marketing/sales?• What signs of growth are there?• How would upcoming attrition look?
PRIVILEDGED AND CONFIDENTIAL20
Marketing Analysis• Understand where your marketing
spend is most effective
Tactical Measurement
Segment Analysis, Process Analysis
Conversion & Lead Qualification Metrics
Pipeline and InfluencedRevenue Analysis
• Tactical metrics• Segment analysis• Conversion metrics• Pipeline and
influenced Revenue
Marketing Analysis
ROIFocused
Single TacticFocus
Sales EffectivenessFocused
Initiative Focused
DashboardsTacticalMeasurement
ProspectAnalysis
ConversionMetrics
Pipeline/ROIAnalysis
PRIVILEDGED AND CONFIDENTIAL21
Marketing Analysis – Top-Down Framework• Buying Process vs Selling Process
• Buyers progress at their own pace• Digital Body Language can indicate where they are• Campaigns can be targeted to stage
PRIVILEDGED AND CONFIDENTIAL22
Marketing Analysis – Top-Down Framework• Balance Sheet View
• Current state of funnel• Time-based degradation is necessary• Names vs Active Names
• Actions and Decisions• Where to focus campaigns• Market strengths / weaknesses
PRIVILEDGED AND CONFIDENTIAL23
Marketing Analysis – Top-Down Framework• Income Statement View
• Transition in lead funnel during a time period (Quarter)• Both promotion (draining funnel) and degradation decrease• Lead progress can be multiple stages
> Net new> Dormant
• Actions and Decisions• Diminishing success of messages• Warning of upcoming change in lead flow
PRIVILEDGED AND CONFIDENTIAL25
Thoughts as a Product Manager• Where is our marketing funnel weak?• How are buyers moved along their buying process?• What criteria are most critical in the marketing/buying
process?
• Can my product decisions facilitate this?• Can my decisions drive Awareness? Discovery? Validation?• Do my use cases include the marketing/buying process? Or just
using?
PRIVILEDGED AND CONFIDENTIAL26
How can we engage with this new buyer?• Unleash your information;
• Watch prospects’ digital body language
• Think like a buyer• It’s NOT a selling process
• Take your data seriously; • It’s with you for longer
• Build a culture of analytics• Change behavior through culture
PRIVILEDGED AND CONFIDENTIAL27
Thank you
More Information:• Digital Body Language (Amazon)• Digital Body Language blog
• http://digitalbodylanguage.blogspot.com
• Email: [email protected]• Twitter: @stevewoods