June 9, 2010
eCRM Guide
Marketers Look to Improve Customer Support With Real-Time Chat

June 8, 2010
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Demandbase and LivePerson partner to launch customer engagement app

May 13, 2010
ClickZ
New B2B Service Acts Like Facebook's 'Instant Personalization'

Demandbase In the News

Jason Stewart

Mr. Stewart leads demand generation programs for Demandbase and is a recognized marketing technologist and thought leader in the B2B lead generation and lead management space. He founded and leads the Salesforce.com user group in San Francisco and was one of the first 500 people to complete the Salesforce.com Certified Administrator process. He has spent 12 years in B2B telesales, demand generation, lead management and marketing operations with a variety of public and privately held software companies. He earned his BA in English from Rutgers University.

View Jason Stewart's profile on LinkedIn

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Chris Golec

Mr. Golec is CEO of Demandbase – a provider of On Demand Software and Services to improve demand generation at B2B companies. Prior to founding the company in 2005, he co-founded Supplybase in the mid-90’s. Supplybase was a successful supply chain software company that created significant customer value before being acquired by i2 Technologies in 2000 as part of the largest software merger in history. Before entering the software industry, Mr. Golec spent the previous 10 years of his career with GM, DuPont, and GE serving in engineering, sales and marketing roles. He holds a B.S. in Chemical Engineering and an M.B.A.

Is The "Marketing Qualified Lead" All Wrong?

by Jason Stewart

That person may be from an excellent prospect company, and may be all over your website and responding to everything that you send, but there is are two important questions to ask:

  1. Are they the only person from that company responding to your campaigns? 
  2. When is the last time you sold to one person (and not a committee)?

Maybe we should adjust our scoring and rating to focus less on MQL's and more on MQA's (marketing qualified accounts), because when there are multiple visitors from the same account, then that is the company that is actually in a buying cycle.

What would get you more excited, one person at an account hitting your high-value content or 4 people from that company hitting high value content?

Lead Management with Steve Woods - Week 5 of Best Practices That Need to Die

by Jason Stewart

The series continues on Tuesday 9/21 with Steve Woods, CTO of Eloqua and author of Digital Body Language. When I approached him for the series, he decided to take on lead management -- discussing best practices to live by (as well as a few that need to die) ...

9/21: Winning By The Numbers | Analyzing Your Marketing Database Lead Hand-Off
with Steve Woods
register | details

Mike Damphousse (CEO/CMO, Green Leads) took on inbound marketing dogma in our webinar this week. If you build it, they very well might come...but then what?

Inbound + Outbound = ROI Bound with Mike Damphousse | on demand recording

Two sessions left! Follow the series online:

Summer Webinar Series: http://www.demandbase.com/b2b_marketing_webinars.html

LinkedIn Group: http://www.linkedin.com/groups?mostPopular=&gid=3282019

Twitter: #bestpracticesdie

Best Practices That Need to Die Week 3: Lead Scoring Demystified

by Jason Stewart

This week's recording is now available! Special thanks to Jep Castelein from LeadSloth for allowing me to re-record the event due to some user error (my fault!) that prevented the live event from being recorded. Seven Steps to Finding Untapped Revenue in Your Lead Database is now on-demand.

Next week features David Lewis, CEO of DemandGen, on Lead Scoring Demystified - The definitive guide to implementing a lead scoring system.

As marketing transforms from art to science, lead scoring has become a priority for aligning sales and marketing to improve sales efficiency. However, the “recipe” and real-world examples haven’t been widely published demystifying how to successfully design and implement a lead scoring system within your firm.

Register here.

We also filled our two "TBA" dates this week with some fantastic content:

Follow the series online:

Summer Webinar Series: http://www.demandbase.com/b2b_marketing_webinars.html

LinkedIn Group: http://www.linkedin.com/groups?mostPopular=&gid=3282019

Twitter: #bestpracticesdie

Best Practices That Need to Die Week 2

by Jason Stewart

Yesterday's webinar, Best Practices That Need to Die, was fantastic, and is available for viewing here.

The series continues next week with Jep Castelein from LeadSloth -- Seven Steps to Finding Untapped Revenue in Your Lead Database. Here is the description:

Many B2B marketers have too many leads in their database who have never been followed up on. Essentially, there is a lot of untapped revenue in those databases, that can be extracted with improved lead nurturing processes. The result: you generate additional revenue from your existing leads.

This session will present a 7-step process to create a lead nurturing program. The 7 steps include sales & marketing alignment, database segmentation, persona development, content development, attractive offers, campaign workflows and campaign metrics.

Register here.

And here is where to follow the series online:

Summer Webinar Series: http://www.demandbase.com/b2b_marketing_webinars.html

LinkedIn Group: http://www.linkedin.com/groups?mostPopular=&gid=3282019

Twitter: #bestpracticesdie

The Top Lead Scoring Tip from the Marketo User Summit

by Jason Stewart

I gave a presentation on lead scoring last week at the Marketo User Summit in San Mateo. Aside from some general background on the differences between demographic scoring (based on things that can be gleaned from a web form like title, department, company size, etc.) and behavioral scoring (based on actions a prospect takes or web pages a prospect visits) I gave a few examples of one-off or periodic lead scoring activities that fall outside of these parameters.

Some of my tips can be found in these previous blog posts, Lead Scoring Should Influence Your Web Forms and Capturing That Shy Prospect.

The number one tip that people spoke to me about after the event has to do with the way that Salesforce.com works, but even if you don't use SFDC your CRM/SFA system might work the same way. When a new prospect fills out a form or gets loaded into Salesforce.com, they usually enter the system as a lead. Once a lead makes a purchase or engages with your sales team in some way, the salesperson has the option to create a sales opportunity to help with forecasting, monitor the sales cycle and track potential revenue.

When a lead is engaged with sales enough to be associated with an opportunity they are converted to what is called a contact. So, for arguments sake, consider a lead to be a prospect and a contact to be either a customer or a highly engaged prospect.

If a lead has been in your system for long enough to have been a part of numerous marketing campaigns (or opportunities to gain lead scoring points based on their behavior) but still hasn't shown enough promise to be converted to a contact, then a lead scoring adjustment should be considered.

At Demandbase, if we have been marketing to a lead for a year and they are still a lead (not a contact), then there is a significant lead scoring penalty. Nothing so severe that they cannot recover, but enough that they need to participate in a fair number of lead scoring behaviors before they can reach the threshold for sales notification via lead scoring alert.

Joint Webinar Next Week with Marketo

We have a webinar coming up next week, a joint presentation with Marketo's VP of Marketing Jon Miller. It's on Thursday, March 19th at 11AM Pacific, and the official title is Turn Inbound Traffic into Leads and Revenue.

Register here.

Sometimes I like to give a little bit more of a "behind the scenes" description of the content than the "official" description shares. On the surface, this looks like a pretty straightforward webinar sharing some best practices both on the lead generation side as well as the lead management/nurturing end -- the two sides of the coin. And that is not a bad thing! When we sat down with Jon to plan out the webinar, however, the idea was a lot simpler and the description only really hints at it ... since Marketo uses Demandbase, and Demandbase uses Marketo, why don't we share some background on how we use each others tools in our demand generation and lead nurturing programs?

So there you have it. Jon's going to be talking about Demandbase and I am going to talk about Marketo. Feel free to join us next week.

Click here to see the full description and register for the webinar.

Are B2B Leads Getting Worse?

Dave had an interesting point in the comments section of the last post...

"I *hate* people who focus on a metric and obstinately disregard that it doesn't signify what it used to."

Let's talk about one metric in particular. Conversions. Is the quest to increase conversion rates on our landing pages sacrificing the quality of our leads? Have our efforts to make it so incredibly easy for people to convert made the actual act of conversion meaningless? Is our effort to lower the cost per conversion increasing our cost per selling opportunity?

On a side note, has increased conversions of lower quality leads single-handedly led to the rise of the ultra-competitive lead nurturing space, due to the need to further qualify our web leads?

Would love to hear your thoughts in the comments section...

Dreamforce 2008 Session Recording: Lead Management 101

The recordings are up!

Here is the session I did at Dreamforce on Monday, November 3rd: Lead Management 101

Dreamforce abstract: Do you understand your entire lead lifecycle? The experts at salesforce.com are here to help! This session features best practices for lead management, such as how to route leads to the right sales teams, build effective qualification and conversion processes, capitalize on workflow automation, and plenty more.

I spoke specifically about the differences between leads, accounts and contacts in Salesforce.com, lead scoring, landing pages and workflow rules.

Access the recording here.

Lead Scoring and Web Forms, Continued

I sat next to Peter Tait, a Marketing VP at Citrix today at the Salesforce.com announcement and he told me an interesting story about lead scoring.

He shared a situation where his sales team told him that leads that scored an "A" after completing an online form were the worst leads coming in, and that the "C" leads were actually performing the best. After some investigation, he realized that people who just plowed through the forms and selected the first item in each question scored an "A" -- when in reality they weren't even really reading the form!

He adjusted the formatting of his forms so that you could only score an "A" if you really answered the questions properly, and voila...his "A" leads were "A" leads again.

Thanks, Peter!

So, What's the Goal of That Campaign Anyway?

By Jason Stewart  - August 6, 2007

I was reminded this weekend of how many times I have sent out a desperate email campaign without really thinking about what I wanted to accomplish with it.

Susan Tatum had a great piece posted to her blog on August 3rd, 10 Questions that Drive Increased B2B Marketing Campaign Results. It reminded me of that old carpenter’s adage, “measure twice, cut once.” Make sure you understand your goals, and what you want to accomplish, before you act. Too often I have received emails or invitations with no clear call to action or incentive for me to act. I bet they didn’t answer any of Susan’s ten questions before they hit “Send.”

Here are her ten, with some comments:

1. Who is the target audience?
Are you really going to just send that email out to everyone in your database? The same email, to everyone, regardless of department or position? Honestly, the COO of the company is not (necessarily) going to be interested in the same things as the Director of Finance or the VP of Sales. Consider sending more frequent, smaller, better targeted campaigns or at least create a few versions of the offer and dictate who in your database gets which one.

2. Where can we find them?
I look at this question in two ways…number one is, of course, where do we find people who might be interested in our goods and/or services that do not exist already in our database? What are they reading? Where do they go on the web? Which events do they go to? Basic marketing…find your audience and get in front of them. But what about the people who are already in your database? Once you figure out the target audience, are you able to easily find that audience in your database?

I would imagine that one thing keeping businesses from controlling the target audience of offers and campaigns is the fact that they have no idea how to pull that audience out of their database. If you are feeling overwhelmed by the prospect of sorting through all those names and titles and finding an easy way to pull all “marketing” or “finance” people out of your database, consider hiring a temp.

Create a new field for department in the contact record, and have a temp pull everyone with the word “sales” in their title and add that word to the new field. Repeat with “marketing,” “finance,” “operations,” etc.  It may take a while, but the payoff is huge. Plus, there are likely some pretty great tools out there to help with the job, like the Excel Connector for Salesforce.com which allows you to pull records out in Excel, make changes and then import those changes right back in.

3. What do we want them to do?
4. What can we offer that will be of great enough value to them to do what we want them to do?
Have you ever written copy for an email campaign and then noticed there was no incentive in it for the prospect to do anything? No complimentary white paper, no registration for a webinar, no chance to be included on the distribution list for the results of that fascinating survey. Occasionally it is good to just get something out there, keep the company name in the front of mind.

Some food for thought though…the email lists I unsubscribe from are the ones that offer me no incentive to stay.

5. How many different ways will we make the offer?
6. How many chances will we give the prospects to respond?

I recently worked on a webinar with a third party vendor. They had a policy to send out at least three email invitations to every webinar, and they found that they got the majority of their sign-ups on that last round of email. When done in combination with a targeted telesales campaign to your most prized prospects, you can drive some decent traffic to a webinar – as long as it has a compelling message and is not just a glorified demo of your product.

Also, how many different ways within the email, invitation, etc. can the prospect arrive at the desired result? How many different places can they click to get to that registration page, or to download that white paper? Keep in mind – that button they are supposed to click on is not always as obvious as you think it is. Also provide a nice, obvious text link. Or two. Make sure there is no way they can miss the call to action.

I’m not saying you should send every campaign three times with the offer presented six different ways in every draft, but you may want to consider that sometimes you’re call to action is not as obvious as you think, or that you are getting to the right prospect but at the wrong time. That’s why that publication gets webinar registrations on every pass, and also why that telesales rep gets you to take his call after they have left their third message.

7. What will we do after prospects accept the offer?
They clicked on the link, or attended the webinar – now what?

Think auto-responders that will send an email to everyone who downloads that white paper with a contact name and phone number. Think quick evaluation of leads before they are either distributed to the appropriate salesperson or thrown back in to the “nurture” pile. Think phone calls from the sales reps within 48 hours (maximum) to see where they are in their process. Without good lead management your efforts are wasted.

8. How many different offers will we need to make in order to get an acceptable number of prospects to become qualified leads?
Just how many campaigns do you need to run? Well, if you have a few years worth of data that question gets easier to at least estimate. If we got 10 sales last year out of 300 leads, and we want to get twenty sales this year we should shoot for 600 leads.

Which campaigns drove the most leads last year? Was it telemarketing? Should we hire another inside rep to generate leads? Do we have enough names in our database to support another rep? And so on…

Look at the history, repeat what works and don’t spend money on the campaigns that tank. We all know the sales guys love trade shows…but how many good leads do you really get, and at what cost per lead?

9. When will we know a prospect is ready to be passed to the sales team?
See our lead scoring entry for some tips on this…

10. How many sales-ready prospects do we need to generate to a) justify the campaign, and b) consider it a success.
Before you act, have you even decided what your goals are? How do you know if that event or webinar was successful if you didn’t have any expectations or goals set in advance?

Salespeople have quotas for a reason. You should have clear goals as well.