5 Steps for Better Lead Nurturing [Guest Post]

This is a guest post from our friends at Kapost – The Content Marketing Software Platform

Your company blog is stellar, social media channels are active, website visits are up, and good leads are entering your marketing automation system. So what happened? Everything seems just grand–well, at least at the top of the funnel. But once you start “nurturing” those leads with email blasts and product announcements, your conversion rates start to slip. The most promising prospects unsubscribe. All those leads you worked so hard to attract turn into missed opportunities.

Well, let’s start with the definition of nurture:

nur·ture 
1. to feed and protect
2. to support and encourage, as during the period of training or development; foster
3. to bring up; train; educate.

When buyers at the middle of the funnel aren’t quite ready to buy, it’s the modern marketer’s job to nurture them. How? Feed them a regular dose of content they care about, help them overcome their challenges, encourage them to engage further with relevant content, foster a relationship of trust and thought leadership, and educate them on how to be more efficient and successful.

Each person is different, with different needs and concerns. Modern marketers must read the signs, tailor campaigns to specific interests and goals, and most importantly, treat each lead like a human being.

With that in mind, here are five key steps you should consider before creating any nurture campaign:

1. Know Your Buyer

Before you can persuade, you need to know who you’re talking to. That means creating detailed persona profiles for each type of customer.

You have to know who your buyers are and what they’re looking for before you can get them interested in your organization.

And you need to go beyond job titles and company size. What are they struggling with? What do they care about? What keeps them up at night? The answers to these questions will become your guide for creating engaging, interesting content that keeps leads coming back for more. As Dave Lewis, president and CEO of DemandGen, said in a recent interview, “the content that really resonates best … is personable, conversational, educational, and entertaining.”

2. Set Clear Goals

Nurturing isn’t just about entertaining your leads, though. If it were, you could just send them pictures of kittens.

In addition to engagement, you also need to move your leads further down the sales funnel. That means you need a step-by-step plan to get them from A to B.

Each nurture campaign should have a specific goal. Think about how you want your relationship to develop during the course of the nurture. For instance, if your lead doesn’t know much about your organization, your goal might be to build trust and brand awareness. For people more familiar with your brand, you might want to educate them on how your product can solve their problems.

3. Create Targeted Content

Now that you understand your buyers and goals, you’re ready to start creating content. Engaging, targeted content is the heart of any nurture campaign. High quality content is so important for nurturing leads that there’s an entire content marketing eBook devoted to it.

Every time you send a communication through your marketing automation software, you need to provide the recipient with something relevant, timely, and valuable. If you’re not giving them content they care about, you can bet they’ll be hitting the “unsubscribe” button faster than you can say “spam.”

Nurture content should have a logical flow. You want people to feel they’re part of a conversation, not being blasted with a series of disjointed emails.

You’re not just chatting, though. Keep buyers moving down the funnel by including a clear and subtle call to action in each piece of content, such as clicking a link or watching a video. That way they always know how to take the next step when they’re ready.

4. Make Multiple Tracks

People enter your nurture tracks from a lot of places and are looking for different types of information. In order to get the right message to the right leads, you need multiple nurture tracks.

Someone who has only visited a how-to article on your site, for example, might not even know who your organization is and what it does. A nurture track for those people might focus on introducing your brand and establishing yourself as an expert in your area.

If you’re not sure how many tracks you need, creating one for each of your buyer personas is a good start. For other ideas, Meagan Eisengberg, VP of Demand Generation at DocuSign, recently suggested creating nurture tracks based on where the buyer is in their journey.  That allows you to create a hierarchy of nurture programs that protects the buyer from too much communication or communications they’re not ready for.

5. Plug the Leak

You’ve carefully led your prospects step by step down the funnel, they’re showing the right signs and it’s finally time to turn them over to sales. Mission accomplished?

Before you kick back with a celebratory glass of champagne, answer this question: what happens if the lead still isn’t ready to buy?

Buyers that get all the way to sales are top quality. They already know your brand and have a need for your product. But if you don’t have a plan to stay in touch when they aren’t ready to buy, you’re letting some of your best leads leak out of the system.

Plug the leak by creating a nurture track just for this special group. That way, your organization has a chance to stay in touch until they’re ready to buy.

To get more great tips on lead nurturing for content marketers, we sat down with experts like Todd Wheatland, VP and Head of Marketing at Kelly OCG and Dustin Grosse, Senior VP and CMO at DocuSign and asked their advice on how to use content marketing to nurture leads.  Watch the video below to hear their advice on guiding your leads to the sale:

Just like with any content marketing effort, the key to lead nurturing is thinking strategically and remembering to focus on your buyers’ needs. It takes a lot of up front work to create a successful nurture campaign, but once it’s plugged into your marketing automation software, you’ll get to sit back and watch as your leads make their way down the sales funnel.

 

Christine is a writer, content marketer, and recovering attorney. Before joining the Marketing Team at Kapost, she worked at a law firm on employment issues. Born and raised in Florida, Christine’s still getting used to the sight of mountains outside her window. She lives in North Boulder with her boyfriend and two giant cats. In her spare time, she can be found hiking, biking, and teaching herself to program.



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3 Key Enterprise Marketer Challenges


Ask any Enterprise Marketer, and they will tell you that they are busier than ever.  If you peel back a few layers, you will find that a good chunk of the marketer’s time today is still spent on tasks that can and should be
automated. A key issue that Chuck Schaeffer of Customer.TV and CRMSearch and Marketo CEO Phil Fernandez discuss in this video is the significant fragmentation of platforms and tools for marketers. The marketer’s world today is quite unlike the world of back-office staff (SAP) or sales (Salesforce).

As a result, it is super-critical for marketers to consider platforms and tools that address broad problem areas in a comprehensive way. They will want to replace “point tools” and “point solutions”. That way, there is less for marketers to learn, as they go about their business. Any platforms or tools they will want to add need to “play nice” with the ones  they already have in-house. Out-of-the-box integration with existing systems is critical.

Here are 3 key challenges that marketers face today, and some areas where we are bringing innovative solutions to address those challenges:

Generate more top-of-funnel leads. Yes, marketers want more leads, of higher quality. Banners ads and text ads have been around for sometime. The new opportunities here are around expanding lead capture well beyond a Company’s own website landing pages to significantly grow lead conversions. Your prospects are everywhere, and it’s harder  than ever to catch their attention. So why not convert them right where they are, from unknown visitors to known prospects? Have you seen Kwanzoo’s in-banner lead forms? Capture just enough  information to start engaging with them.  Then gather more insights over subsequent interactions. Plan on short forms with 3 to 5 fields of data, and augment the rest with a data service that ties into the lead capture process, or separately cleans and augments data, inside your lead management system.

Increase prospect response rates. So you have a large database of prospects. But are they paying attention? Why are your email click rates flat? Yes, you need to offer interesting and relevant content. But beyond that, are there new tactics or approaches you could use to drive response rates way up? And as you catch a prospect’s attention, can you gather insights, while simultaneously delivering something of value to your prospects? We have focused on this specific problem, and give you new ways to increase response rates, with rich media polls inside emails, as display ads and across the web, that integrate with marketing automation.

Deliver one-to-one relevance to the individual buyer. Relevance in advertising is a well-known concept in the B2C world. There are many advanced ad targeting tactics available for reaching end  consumers. The new opportunity here is similar targeting for B2B companies. By applying intelligent targeting, based on prospect data inside your marketing automation and CRM systems, you can now personalize marketing messages, content offers and call-to-actions, using rich media and dynamic banners that are served out to B2B prospects everywhere, across the web!

Finally, as you look at new tools, think about what it means for you to be able to run campaigns quickly and easily across all your online channels (email, web, social, display, re-targeting, mobile). Does the platform or tool address this critical need? The savings in time and cost can be significant. We get it, that life is way too busy for marketers today! Let us help make it just a bit easier for you. Have questions? Contact Us.

Move Your Landing Page Actions to the Top of Your Funnel

Landing pages are the bedrock of both B2B and B2C marketing campaigns today. As a marketer, you spend a good portion of your time and budget building landing pages. You then spend more time testing the page to maximize conversions. Your attention goes next to all of your different touch points for prospects. These range from your website pages, to your blog, Facebook page(s), community sites, search ads and display ads. You approach your touch points with one goal: drive new prospects, no matter where they are across the web, to your landing page!

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Applying 80-20 Principles To Marketing Automation ROI

 

Marketing Automation – The Basics

If you are like most Enterprise Marketers, your Company has implemented marketing automation within the past couple of years. You have your first set of lead nurturing programs in place. Your landing pages are built and are capturing inbound leads. You may be the 1 in 4 marketers who have implemented some type of lead scoring. You are starting to think about the ROI on your marketing automation technology investment. That’s bound to come up at budgeting time for next year. You also want to know, are you spending your limited time and resources on the right priorities? Are you asking all the right questions to maximize your ROI? Are you optimizing the right knobs, and pulling the right levers?

Your “First Order” Metrics

As you think of your marketing spend across technology and programs, here are some key measures that you may be tracking already:

  • Top of Funnel: Number of net new leads generated for your revenue funnel this month.
  • Mid and Lower Funnel: How leads are progressing through your revenue funnel, as they move from prospects, to sales-qualified-leads (SQLs) which then turn into opportunities (Opps) and deals-won

Some key metrics you may be tracking already include:

  • raw leads that turn into prospects (paid) by channel e.g. $82
  • raw leads that turn into prospects (organic) e.g. 40%
  • cost per lead by channel, and average across all channels e.g. $120
  • % leads that turn into opportunities e.g. 6%
  • cost per opportunity e.g. $2000
  • opportunity/customer e.g. 33.5%
  • cost per customer (deals-won) e.g. $5,900 on say $30,000 in annual contract value
Are we separating the forest from the trees?

As we work with many enterprise B2B customers, we see a lot of energy that goes into driving for the lowest cost possible for raw leads. But if you really think about it, here is how it all breaks down for the typical B2B demand generation process:

  • Let’s say your raw leads cost anywhere from $30 to $150 for a product or service that generates $30,000 in annual contract value.
  • By the time these leads are nurtured, and turn into an opportunity, your costs are up at $2000 per opportunity.
  • Assume that it takes 6 to 10 additional (say 8 on average) mostly “digital” touches before you can turn a lead into an opportunity.
  • Each lead nurturing “digital touch” of the prospect will therefore cost you around $250. Now factor in the elapsed time between touches, and the number of different nurturing email campaigns and content offers needed to get to a qualified lead that turns into an opportunity. The impact or value of each successful “digital touch” with a prospect is in fact a lot more!

Question:  Are you better off by focusing on new ways to accelerate “digital touches” by your existing prospects? Will that have greater impact on your revenue than focusing on optimizing cost per raw lead? [Our quick take: YES!]

80-20 Principles for Marketing Automation ROI

You have made a significant investment in your marketing automation technology.  We understand that any new campaign strategy or technology that you add into the mix needs to seamlessly extend and dramatically improve what you do today.  Here are a few 80-20 principles for you to think about, as you look to maximize your ROI:

More than 80% of your prospects will never visit your website! It’s just the way it is. They are out on the web, and you need to reach out, engage, profile and capture information about them, right where they are! They are influencers, even decision makers for your  B2B complex sale cycle. They may have a voice in the purchase decision, but may not know your brand at all.  They are the “other 7 people in the room”, and when one of them is in your marketing automation database, you have only reached 1 out of 8 of them, via your own website!

We have thought a lot about this. Instead of waiting for your prospects to come visit you, why not go out to them? Build and deploy branded, cross-channel campaign assets, everywhere. Apply a range of tactics with smart polls and mini surveys with targeted offers, smart banners with content offers, and branded, in-banner lead forms with offers. Catch your prospects where they are, engage, gather insights, have a conversation, and influence them.

Not just 80%, but 100% of your prospects today remain “unknown” to you outside your website, and that is a significant missed opportunity! Just imagine if you could engage with all prospects that are “known” to your marketing automation platform, all across the web. Serve them highly relevant messages, promotions and offers since you know who they are. Then record their interactions back inside your automation system.  You can now accelerate your high impact lead nurturing cycle not just inside your own outgoing email campaigns, but all across the web!

80% and more often, 90+% of your prospects will not click through your lead nurturing email to your landing page. They may completely miss your primary call to action. This is why you will want to drop in a “secondary” call to action such as an in-email poll, where you learn a bit more about the prospect, but then send them on to the same landing page to drive additional clicks and conversions.  You can get not just one, but two “digital touches” completed. One via the poll, and the second on your landing page when you get them to download an asset, or register for a webinar. Again take any insights you can collect back into marketing automation to accelerate lead nurturing.

Not just 80%, but over 99% of your prospects are unlikely to ever click on your banner ad or promotion. Typical banner ad click through rates are well under 0.1%. Since this is a critical channel to reach a new set of prospects, it becomes all the more important that we engage with each prospect effectively. Present targeted promotions with A/B testing, or better yet, personalize the promotion using intelligence on the prospect’s target account, or other attributes of the individual prospect, straight from your marketing automation system. This is the only way to maximize your paid media ROI, and tap this channel effectively.

Not just 80%, but well over 95% of B2B marketers are yet to generate leads from social media. We are seeing that folks are interested in doing this, but very few have taken the steps necessary to make it happen. We have been fortunate, in working with a few B2B “trailblazers” who have had good success with this type of program. SAP, for instance, recently ran a campaign on Facebook that saw a 5X relative to their landing page conversion rates!

There is much to discuss around marketing automation ROI, applying 80-20 principles, and how to keep things simple around measurement and metrics, while executing on the highest impact strategies. Have more questions? Drop us a note. Or please leave us a comment below with your thoughts.