KISSmetrics: How Your Sales Team Can Leverage Content Marketing to Close More Leads
KISSmetrics: How Your Sales Team Can Leverage Content Marketing to Close More Leads |
How Your Sales Team Can Leverage Content Marketing to Close More Leads Posted: 15 Sep 2016 11:16 AM PDT There's been a long-standing division between sales and marketing that's frequently discussed but few organizations have been able to resolve. On the ground it might seem like an age-old cultural friction but a survey conducted by Demand Gen shows us this lack of alignment between sales and marketing will directly impact your bottom line. Lamenting over the issue brings to mind sales pointing at marketing, placing blame for poor lead quality on the campaigns and activity of the marketing department. On the flip side, marketing feel like they're generating perfectly good leads, and there's no reason a good sales team shouldn't be able to close them. I've been on both sides of the fence, and while those sound like typical scenarios, the study from DemandGen shows that contention over leads isn't the biggest concern. The main issue is that the departments aren't talking. There's tremendous opportunity for the sales team to leverage content and resources provided by marketing. Likewise marketing can learn a lot about customers, barriers, and pain points from sales. But that's not being effectively deployed. Nearly half of respondents point to communication as the top issue while 43% said the problem has to do with flawed and broken processes. Among sales teams, 37% want more lead nurturing and improved brand awareness. Subsequently, 15% of marketing respondents are seeking better feedback on campaigns and 34% would like to see improved lead follow-up once content campaigns and inbound marketing drive those leads to the sales team. Without strong communication between sales and marketing, it becomes far more difficult for both departments to get their needs met and achieve goals. This is because:
When you begin to close the gap between sales and marketing you'll immediately see an improvement in the data and resources that travel in both directions; sales can provide deeper insights into audience relationships and marketing can use that data to provide sales with a wealth of targeted content. It's a mutually beneficial relationship that makes everyone's job easier. Sales can in turn use that content to delight current customers, build relationships with leads, improve engagement, and close more deals. Here how your sales team can add content marketing to their processes to significantly improve conversions. Transform Sales Representative into Thought LeadersThe first, and arguably most important, step is to change the mindset about the role of sales and how they position themselves with your audience. Traditionally, a sales rep only connects with a lead as part of the buying process and engagement revolves around passing product/service supportive information to close a sale. Filler talk doesn't really count. Nothing about that approach is going to help close the deal unless the lead has made up their mind and they're ready to buy. In most cases the purchases you get have little to do with the sales rep because there's virtually no trust or established relationship. You can change that by transforming sales into thought leaders. As a thought leader they're actively engaging in discussions on social channels like LinkedIn, Quora, Facebook, Twitter and even Reddit. Rather than trying to sell, they're using those social spaces to share expert information and be genuinely helpful. This goes a long way toward building trust and authority as leads see the expertise and value in what is being shared. There's also the added benefit of this social activity generating leads on its own. How to Deploy:
Develop Content Based on Specific NeedsYour audience is likely to share similar pain points or problems that your product/service will solve. Beyond those primary needs, every lead is going to have individual pain points specific to their business. By listening closely and paying attention to connections through social, sales can identify opportunities to share content specific to that unique pain point. For example – a lead makes a post that their company may be hiring a marketing agency but they're open to expanding their in-house team if they found the right candidate – so they're putting feelers out for referrals. In that situation, sales could source a high value white paper or article on how to select a marketing agency, or perhaps an article on the best ways to lure top talent from competitors. If you don't see obvious opportunities like that, but you know of needs, wants, or concerns among your audience then share company content, or curate content, that will bring value to those connections. Sharing this kind of content can strengthen the relationship with your connections and keep your company front of mind for prospective customers. How to Deploy:
Team Up with MarketingThe marketing team works tirelessly to generate an endless stream of leads through inbound efforts like content marketing. Much of their efforts are based on audience research that's part data-based, part speculation. When the communication opens up between sales and marketing your sales representatives can feed a lot of insight, such as the unique pain points and needs they discover through direct social engagement and monitoring. As data is shared, audience segments will become more refined. Don't just limit communication to weekly or bi-weekly meetings. Keep communication constant and flowing between departments. Slack is a great tool for this process and it even has a free option with unlimited use (but limited features compared to its premium plans.) Communication and sharing data improves the relevancy of all content moving forward and gets the right content mapped to the sales funnel. Likewise, marketing can begin producing new content for your sales team to address recurring pain points they've discovered. I once worked with a sales manager who shared his frustration over prospective wholesale customers who complained about budget struggles and the loss of customers to local competitors. Because it was a recurring problem, and not specific to any particular region, I had our internal marketing team create a comprehensive ebook on local marketing. The sales team was able to share this resource with prospective buyers. It strengthened buyer relationships and led to a 15% lift in lead closure for the sales team. In one study from the Aberdeen group, companies that had better communication and alignment between sales and marketing saw a 32% increase in growth. Those still suffering a misalignment saw, on average, a 7% dip in earnings. Sharing information is an important step in getting the right content into the hands of your sales team so they can use it effectively. How to Deploy:
Better Lead NurturingA lot of organizations focus their efforts on lead acquisition, creating content primarily for the top of the funnel. According to data from Content Marketing Institute's 2016 Benchmark, Budget and Trends, 85% of marketers feel that lead generation is their most important goal. Beneath that:
But that engagement and lead nurturing happens on the marketing side, typically via email. That still leaves around 25% of companies that don't believe lead nurturing is a priority. Their marketing stops after the top of the funnel. The work doesn't stop at lead generation, and thinking otherwise will cost your company substantial revenue. In fact, 79% of leads generated will never convert into a sale. The biggest culprit for this poor performance? A lack of lead nurturing. When your sales team actively shares helpful content and nurtures the relationship you're not just increasing the velocity of a lead closure, you're greatly increasing the revenue generated by that individual lead. Companies who excel at lead nurturing generate 50% more sales ready leads at a fraction of the cost, because nurtured leads produce, on average, a 20% increase in sales opportunities. A nurtured lead makes 47% larger purchases than your typical lead, and with a stronger relationship that lead is likely to remain a customer for a longer period, ultimately increasing the lifetime value. This is especially important for a SaaS business with a subscription model. As much as 95% of revenue is generated after the initial sale so it makes sense for your sales team to do everything they can – including leveraging valuable content – to nurture the leads they're working with. How to Deploy:
Become a ConnectorOne of the most effective ways to improve relationships and close more leads is to remember that your prospective customers have marketing needs of their own. Their company needs to produce content and improve brand visibility just like yours, and they've got their own marketing efforts to think of. As your sales team builds connections with leads, partners, and influencers they can share those connections with other people in their network. In the image above my message shows that I'm paying attention to what my contact has going on. I'm also sharing helpful content and trying to connect them with other resources. Here's another example – if your team knows that a lead is working to expand their content marketing efforts, or is interested in leveraging branded content, you can introduce them to an editor for a publication or an influencer who may be willing to provide guest blogging. Make an effort to turn your team into connectors, and help leads hook up with influencers and other businesses that may have similarities or run parallel to one another without being competitive. How to Deploy:
Give Leads the Resources to Close the DealAt some point your sales team is going to convince their lead that you have the ideal solution, and they're ready to make a purchase. If you're dealing directly with a primary decision maker, executive or owner then you've got the sale. Unfortunately, your sales team is more than likely going to engage with someone that can't make the final decision. Once convinced, that lead then has to turn inward and get approval from their leadership. An easy way to tackle this: create a SlideShare or presentation rich that is with data points, benefits, and insights that the prospect can use to sell an idea up the chain. Your sales team has the best insight into the kind of barriers at the C-suite or executive level that can stall a sale. It's critical for sales to communicate those barriers to marketing. Since that internal sale may be out of the hands of your sales team, you want your marketing team to develop high-value content that makes it easier for a lead (or sales team) to sell your solution at the executive level – like the example in the image above. How to Deploy:
Reinforce the Top of the FunnelYour sales team will regularly encounter questions and concerns during the sales process. Leads will ask, "how do I…" and "how does it…" It's natural for your team to address the question and move on with the sales process. Don't let them get away with that – every question is an opportunity to reinforce content at the top of the funnel. When sales communicate those questions to marketing, your marketing team can quickly create new content that provides education and answers. Not only will this answer the question before it gets asked, that newly published content has the potential to generate new leads that are far more likely to close. If those questions come up again your sales team can grab the relevant content and share it with the lead, stating proudly "I'm glad you asked, I've got something that will clear that right up." That same content can be utilized for acquisition in social channels if your sales team comes across a prospect with a relevant concern. It's as simple as sharing that top-of-funnel content. Go Make Those SalesSales teams develop a deep understanding of the buyer's journey putting them in the best position to map the most appropriate content to buyer's journey they move toward a close. When you close the gap between your sales and marketing teams and open the communication pipeline, your sales team will be able to leveraging the right content, at the right time. It's the most effective way to build stronger relationships and develop a lasting trust with prospects – and you're guaranteed to increase the velocity and rate of lead conversions resulting in unprecedented revenue growth. About the Author: Derek Cromwell is a HubSpot certified content marketer and founder of Thunder Bay Media. When he's not wrestling furiously with deadlines he enjoys the art of food, gaming, and being aggressively unfancy. You can read his blog for more content marketing insights and follow him on Twitter @tbaymedia. |
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