The World’s First Site Devoted to the Deplorable Problem of Lead Leaks

By | B2B, Demand Generation, Integrated Marketing, Lead Gen, Web Marketing | No Comments



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Our goal is to make marketing so useful that people not only seek it out but stick around once they visit.  Toward that end I'm proud to announce our latest effort aimed at helpfing businesses solve the deplorable problem of lead leaks. What the heck are lead leaks? 
Essentially they are the places in your sales and marketing process where
you are losing potential customers to competitors because your marketing,
website, or follow-up isn’t up to par.  Or stated another way, the places where you are throwing away customers and revenue. 

Two quick examples of lead leaks:

  • What percent of your website
    visitors leave without contacting you? Not having a fresh, professional,
    conversion-friendly website is like turning away potential customers at your front door.
  • How many of your calls go to
    voicemail or are after hours? Waiting too long to follow up with new contacts
    (even just more than an hour) usually means they choose someone else.  

These are just a couple of common lead leaks, but there
are so many more.

Anyway, it was driving us crazy to see so many businesses
waste so many of the leads they’re working so hard to get – without even
knowing it. So, we created an entire website dedicated to educating the world
about lead leaks and helping businesses get more customers from their marketing.

Check out the site at www.dontleakleads.com for helpful info
like:

  • Candid “leaks on the street” videos with real
    consumers that will open your eyes to the problem
  • Ebooks, articles, infographics, and
    presentations explaining the most common ways businesses leak leads (and what
    to do about them)
  • A Marketing Math calculator that enables you to
    calculate the number of customers and amount of revenue you could get by fixing
    lead leaks
  • Other fun stuff like videos and memes you can share

Great Workplace = Stunning Colleagues – The Netflix Approach to Corporate Culture

By | B2B, Brand | No Comments

As I sit here writing performance reviews for my team it begs the question of who to reward and who I should encourage to move on.  That led me to this really interesting presentation by Reed Hastings of Netflx.  

While his approach might too agressive for most companies I really like the fact that they take their culture of performance seriously. And they continously refine the team by hiring all-stars and cutting not just the under performers but those who are adequate.  

 

To Control, or Not Control your Brand That is the Question

By | B2B, Brand | 2 Comments

The "Bad" – allowing employees to build their own brand at the expense of the company brand

 
BrandingIron The leading analyst firm Forrester announced last week that their analysts can no longer have stand-alone "off-site" blogs but rather need to blog on Forrester's official blogs.  There is a lot of chatter about this decision and Josh Bernoff provided a semi-official response on the popular Groundswell blog.  In summary, as an intellectual property company, Forrester believes blogging is an extension of their product which is intellectual property, and which they pay the analysts to create.  Therefore it is sub-optimal to have popular analysts build their own brand which they can then easily take with them should they decide to quit Forrester.

I am facing the exact same situation in my company and am struggling with the decision.  Should I allow all our field personnel to create their own blogs and market themselves under their own names?  Or should I get them to blog on our platform under the company brand?   There are pros and cons of each approach but I think I'm coming to the same conclusion as Forrester.  These folks are under our employment and as such are paid to promote the company and differentiate us from the competition.  The little brand benefit we get from all of their individual promotion is offset by confusion created in the market by 500 different brand voices. 

I need to explore a solution in more depth but my initial thought is that we need to create a standard company branded platform from which the field representatives can market themselves.  This is the approach that many real estate and financial services firms take.  I'm not saying it is perfect but the pros appear to outweigh the cons.  Let me know how you dealt with this issue. 

MarketingSherpa does it again!

By | B2B | No Comments

The "Good" – collecting and assembling hundreds of marketing best practices and lessons learned, then sharing them for free

Sherpawisdom2009
 The good folks at MarketingSherpa just released their 7th annual edition of the 'Wisdom Report'.  Quoting their intro, "…this report compiles the shiniest gems of wisdom chosen by Sherpa's editorial team from hundreds of submissions by your colleagues. Many of these words of wisdom are not big-sky ideas.  Many are simple and straightforward tips you can plug into your marketing plans right now."

I am honored that they selected one of my submissions on building a simple, inexpensive dashboard to measure PR and Media Relations effectiveness (page 70). I originally wrote about our homegrown dashboard in this post last year. It has been a very useful tool that I would be happy to share so shoot me an email if you'd like a copy.

To push or not to push, that is the question

By | B2B | One Comment

The “Good”– shifting from “push” marketing to “missing link” marketing – meeting the modern customer’s expectation of finding the right information at the right place at the right time.

 

Missing link2Check out the article “Beyond Targeting in the Age of the Modern Consumer by Augustine Fouin ClickZ.   It focuses on consumer advertising and targeting but the lessons definitely apply in the B2B space.   Fou points out the futility of the push or interruption model, even when the target is very narrowly defined. 

 

“So in a simple game of odds, if the advertiser starts with a small target and intersects that with near zero recall or very low response rates, the probability of success (driving the sale) is a rounding error to zero.”

 

This point really hit home with me since a while back we realized our team’s traditional direct marketing model was no longer working.  We sell enterprise security to a very select group of IT executives in F1000 companies (e.g. CIOs in top banks).  While we created some very strong integrated marketing campaigns to reach these highly sought after customers, the messages were probably never received  since our targets have stopped reading emails, answering calls, attending events, reading trade journals and opening mail.  Even in the few cases where we did get their attention, I’m sure we were quickly forgotten in the crush of other marketing messages.  Given this new market reality we shifted the majority of our marketing efforts from traditional direct marketing to what Fou calls missing link marketingdelivering the right bit of information to the right person at the right time through the right medium (when they're searching for it). This solves many of push marketing’s shortcomings since the customer finds information that is relevant to them at their particular stage of the buying cycle. 

 

For example, we put this approach into practice in our marketing efforts to the aforementioned IT execs in large banks.  One of their primary pain points is compliance with identity theft regulations (FFIEC, Red Flags, etc.).  Rather than bombarding them with direct mail/email/calls about our products, we created unique content for each stage of the decision-making process:  a whitepaper on the issue, a podcast, a buyer’s guide to help customers write their RFP, and a webinar with a customer testimonial.  We placed that content on our websiteand on key banking industry portals.   Of course we drove visibility of the content with PR, blogging, SEO, Google Adwords and sponsored links on keywords associated with those regulations.

 

Now we aren’t hitting every single prospect over the head with our messages, but instead are getting the right information to the few who are actively researching solutions in our space.  And I’ll take quality over quantity any day!

B2B Marketing Then and Now

By | B2B | No Comments

The "Good" – looking back to see how you've evolved and learned over the years

In the spirit of New Year's and being retrospective, I took a quick look back at my 8 years at Entrust and how we approached marketing then and now.  We've certainly learned a lot since 2001 and are more effective than ever…I just wish we had the same budget as back then ;)  I couldn't figure out how to create a table in this new TypePad editor so you'll need to click on the graphic to view the lessons in larger format.

 B2B marketing then and now