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The buying process has evolved with digital transformation, making it crucial to adapt and implement a data-driven Digital Sales Engine method. This methodology leverages buyer-driven behaviors, generating qualified leads efficiently and cost-effectively. Align sales and marketing, allocate resources, build competency, and monitor results for sustainable business growth.
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“ …57%of the sales cycle is complete “ before a prospect reaches out to a sales rep. Digital Evolution, Conference Executive Board, 2012
Buyer-Driven Seller-Driven 66% to 90% of a Buyer’s Journey Today is Self-Directed (Forrester, 2014) Buying Decision Buy Turn to community Read blogs Attend webinars Ask for an offer Need
“ “ Dig your wellbefore you’re thirsty. Seth Godin Author, Permission-Based Marketing, Tribes, All Marketers Are Liars
WHAT’S THE ANSWER? DIGITAL SALES ENGINE A holistic, data-driven methodologythat leverages how people buy today
Costper lead at least 40% less than traditional marketing Source: HubSpot, 2014 State of Inbound Marketing
The role of marketing and success criteria have dramatically changed Image Source: https://stevepatrizi.com/
Today the main task of marketing in B2B is to generate qualified leads.
Marketing and sales process (ilustrative) • Advertising • Content marketing • Marketing automation • Analytics • Funnel management Marketing ownership Sales ownership Marketing Process Sales Process Prospects Buyers Buying cycle (time)
Key benefits from implementing Digital Sales Engine • Long-term assets keep generating leads without more investment • Brings qualified leads for sales team • Decrease load of number of unqualified prospects • Improve customer relevancy and build trust • Measurable impact of marketing investments on sales pipeline • Increases company’s overall value with a predictable lead generation method, system, and processes
“ IF YOU’VE GOT MORE MONEY THAN BRAINS, USE OUTBOUND MARKETING. IF YOU’VE GOT MORE BRAINS THAN MONEY, FOCUS ON INBOUND MARKETING. “ Guy Kawasaki Entrepreneur, angel investor, former Chief Evangelist of Apple, Chief Evangelist of Canva, and co-founder of ALLTOP.com Author, The Art of the Start, Enchantment, Reality Check
Next steps • Align sales and marketing objectives • Allocate resources • Build competency: • Train people • Involve external consultancy • Build marketing and sales funnel projection • Assess competitor's digital presence • Build buyers personas and buying journeys • Adjust content and channel strategy • Implement Digital Sales Engine • Monitor, measure, fine-tune
IBD Consulting • Market, coopetition and buyers research • Digital Go-To-Market strategy • Marketing content: • Video • Text • Design • Marketing automation • Reporting, analytics and operations