Marketing Automation for the Inbound Challenged-Part 2: Lead Nurturing

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Marketing Automation for the Inbound Challenged-Part 2: Lead Nurturing

Last week I explored the process of lead scoring, and today I'll focus on the next step of the marketing automation process: lead nurturing. Once your lead has been appropriately scored and has permitted you to communicate with them, the nurturing process begins. Without a proper lead nurturing program, any lead scoring efforts will prove worthless. In Brian Carroll's article Lead Nurturing - Ripening the Ripe Bananas, he says that up to 80% of marketing expenditures on lead generation are wasted due to lack of commitment and discipline. Try to put yourself in your leads' shoes. B2B Marketing Automation WorksWhat kind of attention and information would you want from a prospective vendor? Many buyers look for qualities like trust and credibility. Be sure to provide valuable information that will validate you as a credible source. Make it apparent that you are the best solution to their problem by giving them valuable, accurate information.

Leads don't typically visit a website and decide to buy right away. Actually, longer-term leads represent 77% of potential sales, and are often ignored by salespeople. The average duration of today's complex buying process is about nine months. During this process, leads need to be continuously nurtured, but not driven off. Be sure the messages you send your leads are focused on them and their needs, not about your company and what all you can offer.

Let your leads know you are paying attention to each move they make. If they take any missteps during the buying process (stepping back or jumping forward), it's probably time to take a look at your campaigns and make sure your information is being presented correctly. Lead nurturing programs typically include emails, case studies, white papers and articles.

Ardath Albee suggests drip campaigns as a vital lead nurturing tool. Drip campaigns are automated campaigns that nurture your leads for you. Remember, one size does not fit all. It's important to vary the content at each stage of the drip campaign. For more information on how to maximize your drip campaigning efforts, check out Ardath Albee's Essential Marketing Automation Handbook. As with lead scoring, it's important to constantly audit your efforts and tailor them to fit the needs of your leads. Be sure to nurture not only your leads, but your nurturing programs as well.

Next week, I will begin the first of two blogs focused on marketing automation vendors, and what they can offer you and your business.

 

Elizabeth Reaves, B2B marketing specialist

Elizabeth Reaves is the account coordinator with the Atlanta advertising agency, MLT Creative, which specializes in B2B marketing.

 

 

 

Comments

Elizabeth (and Martine); 
Thanks for posting this great article - good because it focuses attention on the right places within the framework of Inbound Marketing Automation. We find many people believe that the answer to the problem of generating more leads, is to simply install some tools. But the truth is that the process of using the tools, and indeed the process behind your entire Inbound Marketing campaign, is critical. 
And this process must begin with a marketing strategy. May seem “old fashioned” when thinking about Inbound, but unless you know what you are selling, to who, and how and when and where, and something about your competitors and a fair amount about your ideal prospects, your chances of success are not high. 
For example: Choosing the right keywords, the ones which you hope your prospects type into Google, is a marketing exercise. The phrases, after all, are your online brand identity. Armed with the strategy, it may be easier for you to think of your Inbound Marketing Automation as consisting of 4 sub-processes. 
1) Attract more visitors to your website through SEO, Social Media Marketing, and, if needed, PPC 
2) Engage their attention with industry leading content (website copy, white papers, videos, podcasts). When doing this, as you suggest, ensure that you model the content to match your prospect's buying cycle: content to create awareness of your solution at the early stages (as a generic technology and thus not "salesy". And then to design additional pieces of content which become more and more specific about your actual solution. In other words, this later content is aimed at convincing someone weighing up his or her shortlist of companies, why yours is the best. So a very "salesy" document or video. 
3) Convert visitors by getting their names and email addresses in return for your valued content. Grade their profiles (each time they visit ask them a few more questions) and score their digital footprints (their activities on the site), to rack up points. Keep them in your funnel by automatically nurturing them around their buying cycle, educating them automatically with multi-touch drip email campaigns cultivating them from cold lead to hot prospect. This is how you keep the more than 70% of them who are interested in your solution, but who are not now ready to buy, in your funnel. 
4) And when their Grade and Score reach your target levels, automatically feed these prospects directly into your CRM and notify the assigned sales rep (based on product or territory or whatever…). Your sales reps will love this part – no more cold calls as they person they call knows them from the emails, and the sales person knows the prospect from the Profile and activity on site. 
Our website contains a library of white papers, tools, videos and an extensive glossary, all covering the above in more detail. 
www.inbound-marketing-automation.ca 
Posted @ Tuesday, May 11, 2010 4:40 PM by Eric Goldman
Hi Eric, 
 
Thank you for the comment. I have visited your website, and Gossamar has some great tools to help B2B marketers jump into the marketing automation process at all stages. It looks as though you have had experience with marketing automation all over the globe. How does North America compare to other parts of the world in terms of how they’re taking advantage of the marketing automation process? It also looks like you have some similar services as HubSpot. How do you think you compare? 
 
Thanks again for the comment! 
Posted @ Wednesday, May 12, 2010 11:34 AM by Elizabeth Reaves
Hi Elizabeth; 
Thanks for the kind words. I'll answer your questions in this comment. 
1) North America ranks higher than many countries in Europe in terms of implementing marketing automation tools. But if you check out our latest blog post, you'll see that Europe tends to do more online searching than we do here in NA. Which implies that there is more opportunity for marketing automation - but the differences are not large in general terms. 
2) We are in fact a HubSpot reseller and were asked by them to be one because we help people implement the tools which they sell. As I mentioned in my first comment, the process is the key and HubSpot doesn't advise people on this as it has to be tailored to suit each company. One has to analyze the company, its needs and objectives, existing processes and its readiness to change (or the degree of pain leading to a desire to change). And then design the process and tools as a cohesive system to make the whole work better than the sum of its parts. And HubSpot recommends us to people to do all this, using the HubSpot tools. 
Hope this helps - thanks again for the comment.
Posted @ Wednesday, May 12, 2010 11:53 AM by Eric Goldman
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