COMMENTS
It is my perception that enablers are not particularly a good thing. So I will not address that question. Rather I would speak to the over all question of the integration of Marketing and Sales into the delivery of products or services to our clients. As the speed of communication increases and the ability to ferret out information and data becomes virtually instantaneous the silos of Marketing and Sales and yes their was a time when they would never talk to each other other than copies of ads and articles in the media, has to become a Unified Strategy of Marketing and Sales. This is necessary to get the buyers attention with branding and aconsistency of message and potency of solutions. The time for wooing does not exist. It is all about discovery. What does this client need, what are his internal road blocks and can I provide a solution for that need at a competitive price and best in class show of services? In my career much to my frustration have found solutions 50% to 90% less expensive than mine and better suited to the clients requirements. Which I have referred the client to. Marketing would say it is a coup to have a story that says you are more committed to the clients requirement than making a buck and sales (especially management) thinks you are nuts and might even fire you for handing off your research to the client.
Bye the way this was a million dollar deal I handed off which they could get done for around 87K. With less risk and ten times faster.
Later that client approached me with a 12 million dollar solution we could deliver.
Yes there are two heads one presents the professional image and branding of the company and represents its business philosophies. Marketing presents its products, staff and services in their best light.Sales is on the front lines propecting for golden nuggets and the fine dust that generates revenue and the seeds of future business.
Customer loyalty can not be bought and paid for. It is something earned by mutual trust and respect and through these non monetary connections relationships are built.
Enablers? No I think Marketing should be on every sales call to hear what the client says about competitors, the company, and what they have heard about it's services and performance. I have lived my sales career as one who believes that to do the right thing, the just thing is more important than just getting the deal.
Call it SMARKETING :-) In 2008, HubSpot was featured in a Harvard Business School case where we actually used that term to describe being on the same page. Sales & Marketing departmental distinctions are a carry over from the 20th century - artificial distinctions that have little to do with new customer acquisition. Lead generation characteristics can be defined in an SLA (service level agreements) based on the financial requirements of the company and leading to customer acquisition targets. It can be as detailed or as broad as necessary, but if sales teams aren't connected to marketing in 2010 then you may be at a competitive disadvantage.
I have seen instances of companies that allow sales leads to become stale by not transitioning them to sales quickly enough to develop interest on the next level.
If you have to err on one side or the other, keep in mind that the "premature" hand-off can be managed to have little to no downside. If the lead is not ready, they can always be cycled back into nurture mode. Such is the beauty of CRM, e-marketing, and social media.
An important underlying issue here is that both sides need to be speaking the same language from a positioning perspective.
Great question! Our philosophy is that this is neither a marketing or sales problem. The problem is the gap between marketing and sales that must be filled by an additional functional area. This functional area moves prospects (scored or not) through a process that results in leads that are ready for sales (if you don't want to use the phrase "sales ready"). This involves qualifying, nurturing and in some cases reheating opportunities for sales. Many will say that companies will not add another functional area because it is expensive and inefficient. I say that the process is so inefficient the way it is run in most companies today that you will actually save money and increase revenue by tearing apart what you are currently doing and putting it back together the right way.
Is Marketing being forced to assume too much of the sales process?
I don' think there is anything wrong with marketing assuming the initial phases of the sales process and providing warm leads to their sales team. Does this mean that sales reps should no longer cold call and prospect? No...
I think it is important to do both in order to build a healthy pipeline. I think where it becomes most important for sales and marketing to be on the same page is when it comes to marketing driven campaigns in order to agree on who to send it to and when. I also think Marketing should look to Sales for help in the messaging since we sit on the front lines in terms of what is resonating with our prospects. I agree with the above post, that Marketing should also be involved in sales calls in order to better understand the value prop, messaging and feedback from prospects and customers.
Are pipelines at risk because our Sales people are waiting for perfection as opposed to getting out there and converting interest to opportunity?
No way....Any sales rep who is sitting back and waiting for marketing to deliver the perfect warm lead should not be in sales. Inbound leads are great and help to build a healthy pipeline, but you need to be continually building new pipeline as those opportunities close or fall apart. Let's face it, not all inbound leads are created equal.
Having worked for both small and large sales/marketing orgs, I have seen a lot of different nuances when it comes to the relationship between sales and marketing.
I have been extremely impressed with my current organization in our ability to generate quality leads from various marketing driven campaigns. I think with the right messaging at the right time to the right prospects along with constant communication and feedback from sales to marketing and vice versa, outbound marketing can be highly effective. Much of that can get lost in the larger sales/marketing organizations.
Marketing in 2010 also needs to take a more active role in leveraging sales 2.0 techniques(social media(Facebook and Twitter), linkedin, blogging, etc) in order to improve brand awareness, thought leadership and help foster the inbound lead process.
I look forward to others feedback and the rest of this post.
-Brian
Great discussion! To me, the bottom line is not that sales & marketing are converging - and, whatever we do let's NOT call it Smarketing =) - but that marketers are rightly being held responsible for proving the contribution of marketing to revenue.
"Sales-ready" leads, lead scoring, and other terms are simply tools to assist in measuring marketing results. If the systems and processes are too rigid so that leads get silo-ed away and hidden from a Rep until some magical formula is reached, that's the wrong approach.
As in Linda's case, we take the approach that all leads get assigned to reps. There are thresholds of qualification, and the Rep receives extra alerts and information when a lead is exhibiting buying behavior (whether that is by reaching a lead scoring threshold or some other pre-defined behaviors that result in a
Conversion Event. However, the sales rep always has access to the data, and if their patch is somewhat dry or they're able to spend more time calling, they can reach out to make a connection and begin converting nascent interest to opportunity.
Trish, as someone who was sitting a table away from you at the event, I wish I had been involved during the actual conversation! Regarding your recent conversation with Linda, I'm most interested in Linda's thought that some sales organizations do not feel like they need to do their outbound prospecting. To me, though I agree with her, that thought is astounding. I'm a drinker of the inbound marketing Kool-Aid, I really am, but I'm still a firm believe that in order to sell to someone, at some point you've actually got to pick up the phone and talk with them.
Regarding your question, "Is Marketing being forced to assume too much of the sales process," I say "no." I agree with Linda, when she said that as Marketers, we're trying to lighten the load for Sales. I believe that with a well oiled teleprospecting or business development team (typically, in my experience, a Marketing responsibility) greasing the skids and qualifying the leads that Marketing produces, Sales will be more freed up to do what they do best. I think if you've got Sales folks who ARE waiting for the perfect lead to come by, the ones that score 100% on your lead scoring mechanisms, then yes, your pipelines are at risk. I also think your VP of Sales should be at risk for having folks like that working for you.
I read through the comments here, and I saw a lot of commonality. 2 key points:
- Get interested people to sales as quickly as possible
- Let the salespeople push them back to marketing nurturing if needed
My company had qualifiers to work some leads, and it only delayed things for sales. You want salespeople talking to clients as often and as much as possible. My experience says we do not have enough time on the phones with people.
Given today's hyper-connected world, you need to connect directly and quickly to customers. More connections are better.
I will add a blog to this topic at
www.sellinghasvalue.com. This is an important topic.
Trish,
you are discussing a very important topic here. It also came up in a podcast I did last year with Brad Trnavsky and Jerry Kennedy on Sales Management 2.0.
You can read about it and listen to it following this link
http://podcast.salesmanagement20.com/2009/11/sales-2-0-and-the-changing-face-of-sales-with-christian-maurer-episode-27/
Thanks to all for your comments! This is a hot topic - I received emails from several clients and prospects stating that they were in the throes of debating this very issue.
@Doug. Agree that Marketing should participate in sales calls. As a matter of fact, we recommend that Marketers spend at least two hours a month following up on the leads they generate. What better way to truly understand their quality?
@Dan. Hubspot generates so many leads. Would love to chat with one or two of your sales reps to talk about their process for conversion. Can you make that happen?
@Brian. Thanks for your input. It is great to hear from a sales guy who thinks his company has done something well!
@Scott. Thanks for the feedback and for the link to Conversion Events - great definition!
@Kathy @Dan @Chris - Always good to hear from vendors who are experts in their field so thanks for reading and participating.
@Craig @Christian - Thanks for providing additional insight into this subject.
Yes, Marketing is responsible for leads and lead hand-off, but lead prioritization is key for a successful relationship between Sales and Marketing.
Knowing when to moving the right leads to the right stage at the right time.
As leads flow into Marketing, it is necessary to determine both a score and temperature and determine which ones are nurtured, which are moved to telemarketing for qualification and appointment setting, and which are immediately sent to Sales.
To do this successfully, Sales and Marketing must work together to determine (to name a few!):
- what constitutes a qualified lead?
- how should we guage the "temperature" of a lead (cold, warm, hot)
- when are leads passed to telemarketing and when directly to Sales
- how quickly will Sales engage qualified leads
- What type of closed loop feedback is expected
- what are the key metrics needed from both departments to determine success
Marketing and Sales may never get a merit badge for working and playing well with each other, but we can try :)
Jennifer Sipala
<a>http://www.unitrends.com
"Are sales ready leads the bullet that moves us forward or shoots us in the foot?"
I have found the "Sales Ready Leads" discussion to be a helpful dialogue. Nothing sharpens focus better than the SLA that outlines what is important to be measured, how it will be measured, and how it can be quickly communicated so the funnel doesn't develop leaks or logjams. All that data gives you the opportunity to focus and tune your organization.
But to err is human; a bigger concern is the extent to which the marketing and sales organization actually exploit the tools to facilitate communication. I'm talking about data quality.
Most sales VPs go batty over the poor quality of information that underlies their dashboards. The space is ripe for better automation. I could go on.
I just joined and find this thread quite interesting. I'm looking forward to Act II. Sometimes, I like to look at things upside down. In this view, instead of Marketing delivering something that a sales rep can grab hold of, what if we look at its role as eliminating the "Noes". Any SLA will likely have some murkiness around the boundaries, but there is distinct and measurable value in reducing the number of sales engagements that never had a prayer of reaching a sale, even if we nurture their brains out.
Of course, this means a solid, agreed-to SLA, and a crisp procedure, but the key element here is trust - trust that each entity is doing his/her job. Once trust is established, the mistakes, whether they are missed opportunities or not-so-hot leads, become focal points for process improvements, not epicenters of blame.