Yesterday, I was one of two speakers at a webinar hosted by Target Marketing. During our prep call earlier in the week, the host advised us that over 1,000 people had signed up to attend this free event.
Now I know from past experience that only 50 percent will likely attend, but another 10 percent to 20 percent will listen to the podcast after the fact. But despite providing case studies, facts and figures based on industry best practices, the disappointing reality is that very few “attendees” will ever try to implement the lessons that I shared.
How do I know this? Because I’ve worked with hundreds of clients and have spoken at dozens of conferences and am continued to be amazed at how many companies feel the need to reinvent the wheel.
For example, when presented with a prospect’s particular marketing challenge and we recommend a fully integrated campaign solution that includes online and offline initiatives, the client says “let’s test to learn what will work best.”
I’ve been involved in testing for my entire 30+ year marketing career. And I’ve tested offers, colors, premiums, even signature lines, and those can yield very different results client to client. But here’s the one thing I don’t need to test: A fully integrated marketing campaign will outperform a single medium campaign every time. Why? Because different people consume information differently.
Some spend time online and click through banners, buttons or SEM results. Others gather information at conferences and webinars. Still others open and read email and direct mail.
Net-net, at some point, if they have a need, they will raise their hands in some way, whether they accept an inbound call from your sales rep or make a call into your call center. Perhaps they’ll visit your website and download something? Or visit your booth at a tradeshow?
The source of the “lead” will be misleading if you’re trying to measure and prove ROI, because they were exposed to your message in a number of ways and just because they finally raised their hands, you assign them to one channel and credit it with being the driver of leads. The next thing you know, you’re shifting marketing dollars to that one channel, and yet a year later you’re wondering why lead volume is down.
On the other end of the spectrum, I’ll meet new prospects who say their last (single channel) marketing campaign didn’t work. Therefore the (single channel) is a waste of money.
After digging a little deeper, the prospect didn’t really know where the “list” came from, or what the “offer” was or whether the campaign ran during a hurricane which meant that no one was online searching for their particular product during that particular week.
Here’s the key takeaway: Well planned, fully integrated campaigns usually yield the highest number of leads at the lowest cost. And the key to real sales success is the follow up.
Follow up those leads with an intelligent combination of emails and phone calls based on lead value (oh yeah, don’t forget to ask two or three questions when acquiring that lead so you can score its value to the organization), and—here’s the most important part—actually follow up with emails and phone calls that demonstrate to that prospect that you understand his or her pain and have the experience and solutions that can help solve the problem. In other words, talk to them in a language they can understand.
When prospects complete an online form and complete the box that asks “Industry” by choosing “Manufacturing,” don’t contact them as if they are in healthcare. If the forms asks for “Company Size” and the respondent chooses “1 to 10,” then treat that respondent like the small business it is. Demonstrate that you understand the challenges facing small businesses in manufacturing and you’ll gain far more credibility and brand engagement.
The next time management asks you to reinvent the wheel to solve the marketing challenge, tell them you already know what to do, because you’ve done your homework.