Good news/bad news in BtoB sales


According to CSO Insights. the following statistics were just released.

  • 59.4% of salespeople made quota in 2010. (Conversely, over 4 out of 10 missed quota)
  • But there’s bad news too. 95% of companies plan to raise quotas.

Made Missed QuotaJim Dickie of CSO Insights puts it in perspective using a high jump analogy.

If only 6 out of 10 could clear the high jump bar today, how many will clear it when we raise it? (How big will that red section grow?)

Yet almost every company is raising the bar.

Jim’s point - Doing what we did in the past will not improve sales performance.

Flogging salespeople by raising quotas does not bring improved fiscal results. B2B demand generation does.

  • Companies who focus on world-class demand generation programs will prosper.
  • Those who hand out quota increases by rote will struggle.

CSO Insights agrees obviously, as they are hosting a webinar entitled Optimize Lead Management to Hit Your 2011 Numbers


 

 

What do you think? We love comments and those who share.

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Jeff Ogden (@fearlesscomp) is President of the B2B lead generation consultancy, Find New Customers. He presented “How to Build an Awesome Personal Brand” at the 140 Social Media Conference and appeared to discuss B2B lead generation on Sales Lead Management Radio.To learn more about Jeff, please click on Who is the Fearless Competitor?
Find New Customers helps companies (with between 150 and 5,000 employees who sell complex products to businesses) to implement world-class lead generation programs. As companies struggle to create quality sales opportunities, they turn to lead generation companies like Find New Customers.

How Big is Social Media Today?


Check out how to Win a Free Business book from the B2B lead generation consultancy Find New Customers

Let’s just say porn is now #2. That’s proof just how big social media has become today. Keep in mind however, social media empowers the human desire to connect.

(@fearlesscomp scores a perfect 100 out of 100 in Hubspot’s TwitterGrader.com.)

Watch this great video for an overview of the Social Media Revolution. It explains how massive it has become.

What do you think? We love comments. Enter yours below.

Read my blog on Kindle

Jeff Ogden (@fearlesscomp) is President of the B2B lead generation consultancy, Find New Customers. He presented “How to Build an Awesome Personal Brand” at the 140 Social Media Conference and appeared to discuss B2B lead generation on Sales Lead Management Radio.
To learn more about Jeff, please click on Who is the Fearless Competitor?

Find New Customers helps companies (with between 150 and 5,000 employees who sell complex products to businesses) to implement world-class lead generation programs. As companies struggle to create quality sales opportunities, they turn to lead generation companies like Find New Customers.

“Find New Customers can certainly help your business dramatically improve the flow of sales-ready leads to salespeople.” Paul Dunay, Buzz Marketing for Technology.

Expert Advice for B2B Marketing: 5 Tips from Thought Leaders


B2B Demand Generation | 5 Tips from the Pros

In this terrible economy, business leaders need simple, actionable information to improve revenue results. This post shares that.

Jon Miller, Co-Founder and VP Marketing at Marketo distilled advice from top experts in B2B marketing, I thought we should share it with you, as it’s simple and clear.

It’s is our hope it gives you action items to work on today.

Thanks for sharing it, Jon.

The Top 5 Tips for Better B2B Marketing are:

1. Start with a Solid Base. According to thought leader Paul Dunay, a successful, high-yield B2B marketing program relies on a solid lead nurturing platform. In order to make best use of the leads that come in, marketers need a system that can track, qualify and contact leads regularly in order to effectively nurture and follow-up with prospects. (Editor’s Note: We’ve often compared B2B demand generation to building a house. The quality of the foundation is paramount. This means rock solid buyer personas, agreed lead definitions, strong value propositions and more.)

2. Use Push AND Pull Tactics. Many B2B marketers focus on the push tactics in order to find new customers. While this is a necessary component of B2B marketing, the majority of B2B purchasers seek out a vendor when they are ready to buy. Thought Leader Craig Rosenberg emphasized that the most effective demand generation campaigns utilize a combination of both types of marketing tactics. B2B marketers should ensure they can easily be found by prospective customers through a comprehensive program of website optimization and cultivating an online presence via:

  • Industry Blogs
  • Relevant Social Networks
  • Media Sharing Sites
  • Social Bookmarking sites
  • Paid Search

(Editor’s Note: Find New Customers uses all of these approaches - except paid search. We stay away from paid advertising. We rely on our many fans to spread the word.)

3. Integrate Your Efforts. The previous tip underscored the importance of a varied marketing strategy. Within the different venues a B2B marketer uses to reach prospects, consistent messaging is vital. Thought Leader Dianna Huff highlights integrated messaging as a key component of a successful B2B marketing communication strategy. As prospects seek out and interact with B2B vendors in multiple mediums, an integrated marketing message can ensure a given vendor stands out and is remembered. (Editor’s note: Integrate marketing database, email, landing page, call to action, nurturing messaging, social media approach, etc.)

4. Innovate. It is easy for B2B marketers to get stuck in a rut by sticking to what has always worked. However, in a time where he marketplace is constantly changing, marketer might want to re-think this approach. Thought Leader Hunter Boyle advises B2B marketers to adapt their methods and test bold moves in order to both effectively reach and resonate with prospective clients for demand generation. Whether new ideas work or fail, B2B marketers can use the results to refine their processes and develop even more successful ideas. (Editor’s Note: We agree 100% on the need to test “bold moves.” We suggest marketers “let their freak flag fly.”)

5. Test, Test and Retest. While developing innovative new tactics is important, it is also important to thoroughly test these tactics before jumping in head-first. Thought Leader Mark Klein stresses the importance of testing as a quick and easy way to jumpstart your marketing ROI. An idea may seem promising, however until a tactic starts generating results there is no way to be certain. Even successful tactics can be improved upon, and testing and retesting is the best way to determine which aspects to refine in order to reach the campaign that will yield the highest ROI. (Editor’s Note: Amen on testing. Marketing is all about continual experimentation and testing.)

What do you think of those five tips? We love comments and those who share. Please enter your comment below.

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Jeff Ogden (@fearlesscomp) is President of the B2B lead generation consultancy, Find New Customers. He presented “How to Build an Awesome Personal Brand” at the 140 Social Media Conference and appeared to discuss B2B lead generation on Sales Lead Management Radio. To learn more about Jeff, please click on Who is the Fearless Competitor?

Find New Customers helps companies (with between 150 and 5,000 employees who sell complex products to businesses) to implement world-class lead generation programs. As companies struggle to create quality sales opportunities, they turn to lead generation companies like Find New Customers.