The Acelera Group
newsletter is back after a year's
hiatus. As always, the goal of this
newsletter is to spur thought and
discussion on the issue of marketing and
sales effectiveness.
We're starting
this new round of newsletters by
exploring what may be one of the three
activities most important in growing a
healthy company - demand generation. And
at the end of this letter we're going to
offer something to help you with your
demand generation activities.
Demand generation is the fuel for
company growth.
Done well,
companies enjoy healthy sales pipelines
and strong revenue growth. Done poorly,
marketing and sales engage in the blame
game rather than focusing on growing the
business:
These leads
stink!
Sales
You couldn't
close a paper bag, let alone a qualified
lead!
Marketing
We've
found that a lead choreographer
is critical to success in demand
generation. This choreographer ensures
that the activities undertaken by
marketing and sales are both
complementary and integrated - a true
ballet in the office. He or she works
with the marketing organization as it
conducts the typical net-throwing and
name gathering activities designed to
put new names in the sales funnel -
sponsoring trade shows, collecting
leads, renting lists, placing
advertisements, conducting webinars and
seminars, etc.
The choreographer
also ensures that the information
gathered by individual sales people
while cold-calling, networking and
mapping out their accounts is captured
and the names put into the marketing
engine.
The choreographer
works with the marketing organization to
document the profile of the "ideal"
prospect, to ensure that the leads are
reliably delivered from marketing to
sales, to insist that the sales people
document what they learned about their
accounts and that sales passes the
additional names back to marketing. The
choreographer puts the process in place
and monitors it over time to ensure that
all leads are properly cultivated and
engaged, and that marketing and sales
are dancing in harmony.
Pull all this
together and you've got a healthy
pipeline and growing revenue stream.
So
what's it take to succeed in demand
generation?
First, as
mentioned before, a skilled
choreographer can coordinate the
activities of the marketing and sales
organizations so that they are working
together. Second, the choreographer can
ensure that the appropriate marketing
assets and sales force automation tools
are available. And importantly, the
choreographer can set the appropriate
expectations on the part of senior
management.
Effective demand
generation takes time. New leads must be
nurtured before they're ready to be
handed off to the sales organization, no
matter what the board says or whether
the sales team is willing to take "raw"
leads. Who's going to tell the CEO that
it takes six, twelve or eighteen months
to cultivate a lead for your complex
product or service offering? Not the
sales VP, he's got a quota to meet
this month. And while marketing
people have not been accountable for
revenue in the past, now is not a good
time for them to keep leads from a
hungry sales organization.
Who owns demand generation in your
business?
Does that person
have the cooperation and support of the
marketing organization? The sales
organization?
If you'd like to
know where your demand generation
processes are strong and what could be
improved, please
contact us for a complimentary
analysis of your demand generation
processes.