Four Rules for Communicating with the “Crazy-Busy Prospect”

The title of a recent blog post by Brian Carroll, “Learn the New Rules for Selling to Crazy-Busy Prospects,” got my attention.

In this post he invites his readers to a complimentary Webinar on Thursday, June 24 at 2:00 PM CST (that’s tomorrow) featuring Jill Konrath, author of “SNAP Selling: Speed Up Sales and Win More Business with Today’s Frazzled Customers (May 2010).” I’m sure it will be a valuable and informative event.

The focus of Brian’s blog and expertise which he shares on B2B Lead Generation is B2B selling and the complex sale. It’s an important topic.

But the title of his post hit me for a different area of marketing.

For marketing to generate a lead — or nurture one — we need to “communicate” with prospects in writing. Whether it’s an email, a direct mail letter, a product brochure, Web site, data sheet or any other communication, we must remember that the folks reading our B2B communication are crazy-busy.

How do we communicate in writing with these folks? I follow these four tried-and-true rules:

1. Make sure the reader/prospect gets the entire message by reading only the headlines and subheads, without having to read a word of body copy. A quick scan of the message should communicate the topic, big benefit(s) and the call to action.

2. Never write any paragraph, anywhere, that is longer than four lines.

3. Communicate the message as quickly as possible. The crazy-busy don’t have time to read, and if the message looks long and wordy, they’ll stop reading it and move on. Email marketing messages should be 250 words or shorter. Direct mail letters should fit on one page.

4. Always include a strong, clear prominent call to action. All communication, including Web pages, must tell the reader/prospect exactly what they are to do and when they are to do it. Yes, adding the words “now” or “today” makes a difference.

The crazy-busy don’t have time to wade through complex messaging. To reach this group, marketers should always keep B2B communications short, clear and direct.

The dollars and sense of inbound vs. outbound marketing.

The economic downturn over the past few years has driven many talented yet unemployed people to start their own businesses. These folks take their years of experience and offer it to other businesses through their own specialty consulting or service firm — a firm that they must then market.

Just such an individual contacted me last week. He wanted to generate leads and business via outbound email marketing; however, after learning that he has a few clients, a relatively short buy cycle and a very limited budget, I recommended that he use inbound marketing and supplement it with personal outbound phone calls to his highly targeted B2B market.

OUTBOUND
Email marketing is relatively low cost when a company has built a pipeline of leads and handles its own email distribution via marketing automation. But for outbound marketing (that is going to a targeted B2B list) the costs add up fast.

Quality outbound email marketing lists (those that are made of real subscribers to an online publication and are therefore fully opt-in and have been profiled) cost from $400-$700 per thousand. Most of these top-quality lists require a 5000-name minimum, which raises the list cost to $2000 to $3500. Marketing professionals, including me, recommend testing more than one list at a time. Testing allows marketers to learn which list performs best and gives them the insight to improve the success of each subsequent marketing effort. Testing just two lists brings the cost up to $4000-$7000. If a marketer wants to maximize the success of the program, the message should be written and designed by professionals, which adds to the cost as well.

As a result of these higher upfront costs, many marketers avoid the outbound direct mail channel. Yet it is still one of the most powerful channels for B2B lead generation if done according to best practices. That means that, for lead generation, the mailing quantity must be large enough to deliver a response rate that is statistically valid so the results are repeatable on future mailings. In the B2B world this could be a minimum of 10,000 prospects at a typical cost of $1 each and up. For companies selling high-end enterprise systems, this approach is affordable and productive. But not for small start-ups.

INBOUND
Inbound marketing, on the other hand, is very affordable for the small and start-up business. Good-quality Web site SEO can be obtained for as little as $250 per month. Pay-per-click ads — depending on the market, keywords, etc. — can range from as little as $250 to $1000 per month or more. The same general costs apply to content syndication. Social media costs little in dollars but can cost much in time for a one-person business if done properly. There are many other elements in a comprehensive inbound marketing program, but, for small start-ups, it’s a cost-effective option.

OUTBOUND AGAIN
In addition, however, I recommended that this new business owner not wait exclusively for inbound efforts to make his phone ring. I advised him to identify companies that meet his very targeted profile and pick up the phone and call them or send them individual letters.

As I’ve said many times before, no single marketing approach can stand on its own, B2B marketers. That’s why dollars and sense enter into our marketing decisions.

Subject testing: Hate it in the classroom, love it in B2B marketing.

Sitting in the classroom on test day was always a painful experience. “Do I know the materials?” “Did I read the right chapters?” “I should have spent more time studying.” “What will happen if I fail?” Back then, testing was a bad thing full of questions.

Today, as a B2B marketer, testing is a good thing that delivers answers. Testing, in fact, is the thing that keeps us from failing and allows us to continually improve the success of our outbound marketing efforts.

Direct marketing has always been about testing. Without testing, how can a B2B marketer know which marketing channels, offers and language will work for his or her particular company, product and market?

Yesterday I sat in on part of a MENG Webinar by Beth Harte, Client Services Director, Serengeti Communications on “Strategies for Integrating Traditional Marketing With Social Media.” She spoke about the importance of using the right language. Her point was that, if a company’s market is “gear-heads,” then the person communicating with that market via social media better be a “gear-head” or the social media strategy will fail. She’s so right. Having the right “voice” is critical in all B2B marketing.

Unless our market is very vertical (such as “gear-heads”), figuring out which “voice” will best resonate with our prospects is best determined by testing.

Since smart B2B marketers use emails to nurture their pipeline leads in an effort to move them through the buying cycle, subject lines are at the top of the list of items that should be tested. The question arises, “What should we test?”

Fortunately there was a great discussion recently on LinkedIn about subject lines. Started by Ben Bush of The Crocodile on the B2B Technology Marketing Community, the 26 participants shared great insight.

Here are some of the approaches that have worked for others and are, therefore, worth testing:

John McMillan at McMillan Technology Ltd.:

• Eye-catching benefit subject lines going to strangers — the equivalent of a “cold call”
• First names in subject lines (he notes that it works in the U.S. but can be seen as rude in other cultures)

Sandra Nangeroni, Director of Interactive Marketing:

• Include in the subject line “what” they get if offering a white paper or Webinar
• Who it comes from carries a lot of weight as it identifies the sender as a trusted, credible source
• Words or phrases that resonate with the target and industry
• Use themes like “Top 10 Tips for . . .” or “5 Reasons Why . . .”

Graeme McKee at API Software and AudoRek:

• A phrase or sentence that summarizes the email content — no more, no less

Karen Dove, at DEX Imaging:

• Simply the company name in the subject line is very effective
• Sometimes, after the company name, put a colon and then add detail

Sokol Nikolov at EL MEDIA:

• Use specific technology-related words in the subject line

These are some of the elements B2B marketers may want to consider when conducting email subject line testing. There was much other good advice as well.
Jason Ball, Specialist B2B Copywriter, for instance, uses Litmus to check whether subject lines would get tossed by spam filters before sending. This is an excellent idea, as a test result is not very valid if one of the two lines being tested never makes it to the prospect’s inbox.

The best testing approach, of course, in an A/B split. That is sending the two options at the same time in a half-and-half split.

The lesson today is that testing is good and, in B2B marketing, it can end with more than an A+ grade. It can result in learning how to generate more click-throughs and more prospects being moved down the buy cycle and into the hands of sales for conversion.

Making B2B marketing personalization personal

I have often written about the top-line needs that should be addressed in messaging when marketing to the buyers of B2B products and services.

Terri Rylander’s post “My 3 Wishes from the Marketing Genie” goes deeper into the minds of buyers and explores what they want, not just from a solution, but from the provider of that solution. She clearly explains some of the ways buyers will determine whether a company can deliver on these three wishes.

1. I want a real relationship with you.
2. I want you to help me be successful.
3. I want to be able to find you when I need you.

Terri talks about the value of social media and educational content to project a personal image for a company, and it’s solid advice. But how does relationship-building fit for the many B2B marketers who are using email systems such as Eloqua, Silverpop, and Marketo to automate their marketing communications to their pipeline of sales leads?

Fortunately all of these systems and services are built to do just that. They give marketers extensive options for personalizing, from the salutation all the way into tracking the behavior of prospects and selecting specific messaging to be sent to them based on their behaviors.

The magic words for marketers to make a personal connection with their prospects are “data” and “versioning.”

By creating multiple versions of email communications, B2B marketers can make sure that every email addresses each prospective buyer’s area of interest. Marketers first set up business rules that outline specifically which message and content offer should be sent based on a previous behavior.

If a prospect downloads ABC White Paper, the system looks at the marketer’s business rules and send the prospect the next appropriate offer message:

Dear James,
Hope you enjoyed ABC White Paper, you may also want to read XYZ Case Study and learn more about how one of your peers . . .

Terri nicely presents the wishes of today’s buyers. What they want is a real connection with the companies they do business with. To make that connection, it’s time for B2B marketers to make their personalization personal.

My 5 favorite B2B marketing numbers.

Everyone, except perhaps the creative folks in advertising agencies, knows that marketing is a numbers game. Numbers such as click-thrus, cost-per-lead, cost-per-sale and ROI dominate the landscape of marketing discussions.

I like numbers. They measure the real market success (or failure) of B2B marketing campaigns, they support the argument for following best marketing practices, and they give marketers real insight into the cost and potential value of various marketing approaches.

So, it makes sense to share my 5 favorite numbers to help other marketers experience the confidence and the joy that numbers bring to the strategic process. I didn’t devise these numbers. But after years of knowing them, I cannot honestly remember whose testing and research discovered them in the first place. They are:

1. The value of following up with leads immediately: 88% of people are happy to hear from the B2B vendor within 24 hours of downloading informational content. Waiting 96 hours drops that percentage to the 40s.
2. The reason nurturing leads is critical in maximizing sales: 45% of new leads generated will buy from someone in the industry category within 12 months.
3. One big argument for integrated outbound marketing: Qualified B2B direct mail lists consistently provide 60% more records, business profiles and demographics than email marketing lists.
4. Making sure the results of marketing tests are statistically valid: When testing one list or channel against another, the results of the test can be considered minimally statistically valid only if the response to each individual test cell is 85 responses or higher.
5. Where to focus efforts in B2B marketing campaigns: Out of 100%, the elements that affect the outcome of a B2B marketing campaign carry the following weights List/Media/Data = 40%, Offer = 30%, Design = 15% and Copy = 15%.

Marketers building strategies and plans for the remainder of the year and beyond should let the numbers be their guide.

Three Questions All B2B Marketing Should Answer in Eight Seconds or Less

B2B marketers who are interested in how to improve the performance of their email lead generation and nurturing will find no dearth of posts, white papers, studies, and reports on the subject. Many are excellent and informative.

But this morning Alex Madison and Lisa Harmon, posting for Media Post’s Email Insider, pared the insight and best practices down to three simple steps: “Three Questions Your Email Should Answer In Eight Seconds Or Less.”

Their focus is on emailing subscribers, but their advice applies to all B2B email marketing.

1. What is this email about?
2. Why should the prospect, customer, subscriber care about it?
3. What should they do about it?

The post then goes on to give examples of each of these important points in different types of email marketing messages.

Madison and Harmon state that “subscribers spend just eight seconds on most messages before clicking through or navigating away.” That’s why it’s so critical that prospects and customers quickly understand what is being offered and what they can do to get it.

What Madison and Harmon have presented, however, goes way beyond email marketing. It’s advice that should be applied universally to B2B marketing messages in all channels — direct mail marketing, banners and search engine advertising, print advertising, and yes, even social media.

Business buyers are busy. They don’t want to be wooed or romanced. They want information and they want it fast. By following Madison and Harmon’s advice, B2B marketers can improve the performance of ALL their marketing efforts.

If B2B marketers do nothing else, they should follow these 9 rules.

The Sales Lead Management Association recently invited its members to vote for the 50 Most Influential Sales Lead Management Professionals. Jim Obermayer, host and author on the Association’s blog, has been conducting a series of interviews, each featuring one of the “winners.”

As a member of the Association and subscriber to its blog, I have been reading and learning from each interview. Recent interviewee Joe Lethert of Perfomark gave two answers that were so on-target for B2B marketing best practices that I feel they are worth sharing.

In the area of lead generation, when asked, “Which 4 basic skills or process steps do you recommend,” he answered . . .

1. “Start with a great database – it will reduce your costs by as much as 50%. If you don’t have one, build it.
2. Shoot for depth in your profiles. People buy from us not for what they know about us, but for what we know about them.
3. Build a comprehensive nurturing program based on delivering only relevant data, at the right time in the buying process, in the prospects’ preferred media, and all based on the prospects’ profile data.
4. Measure everything. Testing and refining should grow your ROI by 10%+ per year even if you’re already an industry leader.”

In the area of lead nurturing, when asked, “If someone wants to nurture sales inquiries, what process would you recommend?” he answered . . .

1. “Become a trusted source of reliable data. Most buyers will not want to engage with sales until they have done their due diligence.
2. All content must be relative to the prospect’s needs, which should be specifically defined in your database.
3. All interaction should be appropriate to the stage in the buying cycle for that individual prospect.
4. Measure the effectiveness of timing, message, offer and media for each type of prospect.
5. Do not buy into the perfect process. Keep continually improving it.”

This isn’t new advice. I and other B2B marketing bloggers have shared this information many times in many forms. But his advice is so direct, so concise and so well-said that I would advise B2B marketers to print it out and use it as a daily reminder to focus on these processes, which have proven to make lead generation and nurturing efforts successful and profitable.

How B2B marketers can help overcome the “no budget” excuse

I just came across a great question posed by Elizabeth Zennadi of Direct Marketing Partners on LinkedIn‘s B2B Lead Generation Roundtable (which group members can access).

She asked, “How are you responding to the ‘budget excuse’?” The responses from other business development professionals come straight out of the real world where sales people live. They range from “Just kiss more frogs” to “No budget usually means ‘I do not see the value.’”

The answer by Keith Finger of Keith Finger Marketing is the one that prompted this post. His comment was, “I believe companies look to vendors to help them make money or save money. Given that, I discuss ROI up front so people understand there’s a benefit.”

Benefits, after all, are what B2B, or any, marketing is all about.

Now I ask — why wait until the lead is passed on to sales before establishing this benefit? Many B2B marketers may have been told, “Don’t talk about cost except in generic statements such as ‘great ROI’ or ‘competitive pricing’ or ‘affordable’ or even ‘low cost.’  But there is a way B2B content marketers can present the ROI story during the nurturing process and that could help move leads closer to being sales-ready.

It’s with an online, interactive ROI calculator. Not all business types can take advantage of this because of their pricing structures, but for those who can it’s a great tool. The online calculator lets the prospect fill in the parameters that fit his or her own company. These might be the number of users, staff involved in completing a task, number of projects or other costs. Once filled in, the calculator automatically reveals an ROI customized to the prospect’s business.

The more personalized a marketing message is, the more productive. By providing an ROI calculator that shows specific numbers to the prospect, marketers deliver much more than a passive message.

Prospects who have calculated their ROI won’t be as likely to use the “no budget” excuse once the lead is turned over to sales.

How marketers can help prevent lost sales.

It’s true that one’s own beliefs are built from personal experiences. When it comes to sales, these are mine:

• I spent eight years selling radio advertising. It was my responsibility to find the lead, pitch the lead, close the lead, handle the client and then sell it again. It was not a complex sale, so there was no marketing department involved, no support sales team, no automated nurturing, no scoring, and no free content offers.
• As a direct marketing consultant and copywriter, my experience with the sales departments at a few of my client companies has been that sales doesn’t want anything to do with a lead until the lead is ready to buy. I know this is not universal, but it’s the situation I have experienced.

On one hand, I think sales should do it all. On the other, I think they are too lazy to do anything except close sales. Obviously, when it comes to sales, I’m a bit confused.

That’s why it was so enlightening for me to read the insightful post and thread “Are Marketers Becoming Enablers?” passed along to me by a colleague.

The discussion began between Trish Bertuzzi, founder of The Bridge Group, and Linda Duchin of PowerSteering Software after attending Silverpop’s B2B University in Boston.

They point out that, if marketing takes too much responsibility in the sales nurturing process — and if sales doesn’t have access to the leads until they are sales ready — bad things can happen. Here are just three of them:

1. More aggressive competition may move a prospect ahead in the sales process and win the sale while you are still simply nurturing a prospect .
2. Sales could get lazy and feel they are no longer required to conduct any outbound prospecting.
3. Sales might have time to make more calls, but no access to leads because marketing has not yet deemed them ‘sales ready.’

Not only were their concerns very revealing, but they were followed by comments that shared what I see as very valuable advice. Here are just two things I learned:

Kathy Tito, of Call Center Services, Inc., very nicely removes the fear of going too far in the other direction when she states, “I have seen instances of companies that allow sales leads to become stale by not transitioning them to sales quickly enough to develop interest on the next level. If you have to err on one side or the other, keep in mind that the ‘premature’ hand-off can be managed to have little to no downside. If the lead is not ready, they can always be cycled back into nurture mode.”

Dan McDade of PointClear proposes filling the gap between marketing and sales by adding a layer in between that qualifies, nurtures, and reheats leads to make sure they are being handled by the right area. Many of my clients have in-house tele-sales teams that do just that. Automated nurturing campaigns are great, but, without some human interaction, leads that have progressed further in the buying cycle could be missed.

I propose that marketers consider using the more advanced lead scoring methodology proposed by Bill Herr of Unica and written about by Russell Kern of The Kern Organization for Target Marketing Magazine in “Time to Re-Think BANT.” As you know, BANT (budget, authority, need and timeframe) is the traditional lead scoring method. Bill Herr suggests one that is much more revealing of the lead’s qualification and readiness. He recommends this APNRP approach:

Attributes
Does the prospect company’s size, annual revenue, number of employees, and industry fit the targeted market?

Position
Do the title and job function of the individuals making the evaluation, recommendation or purchase decision match the customer profile?

Need
Has the target expressed any interest in — or taken any action toward — learning how to solve the problem the selling company’s product can solve?

Readiness
Has the lead expressed any interest in learning more about the product or service being sold?

Preferences
Has the lead answered the question of how they want to be contacted in the future?

‘Sales-ready’ is NOT ‘purchase-ready.’ The BANT questions are the ones that should be asked by sales, not marketing; however, this scoring approach helps ensure that leads are passed along to sales before it’s too late.

Thanks to Trish and Linda for bringing up this critical issue, helping us think more about how marketing can help prevent lost sales.

Smart B2B marketing calls to action for 2010.

This morning, reviewing dozens of marketing blogs, I was overwhelmed with post after post about social media. I became worried that marketers were forgetting the channels that got us where we are today.

That’s why I was delighted to see Bill Gadless of B2B Web Strategy pass along advice from Jim Logan in “Try adding a call to action to the end of your white papers.”

Business buyers who are purchasing products and services do not want to be “sold” by high-pressure messages. That’s why social media is working. It’s also why today’s most consistently effective lead generation messaging identifies a challenge that prospects may be facing and offers a free white paper, checklist, guide, case study or other content that allows them to learn about ways to meet their challenge. But as soft as this approach may appear, once a lead is generated, every additional contact made should be followed by a new offer and a new call to action.

The suggestion in Bill’s blog is that the call to action could involve inviting leads to pass the content along to an associate or colleague, asking them to register for a newsletter or other subscription or inviting the reader to contact the business for a discussion.

These are all good suggestions. But to apply these calls to action randomly is not a good strategy. The fact is, there are specific stages in the buying cycle of a complex sale and the call to action or offer made should match the prospect’s place in the cycle.

As covered in Russell Kern’s guide “Direct Marketing’s Five Biggest Hurdles (And How to Get Over Them),” there are four stages in the buying cycle: Interest, Consideration, Evaluation, and Purchase.

As you can see, Mr. Kern’s examples — taken straight from his guide — involve matching the correct content offer to the prospect’s stage in the buying cycle. This approach is critical to enhancing the relationship with prospects and moving them forward to a purchase. Making mismatched call-to-action offers leads to email opt-outs.

There’s one thing that social media cannot do well and that is to “predictably” fill the sales pipeline and then — in a controlled manner — nurture leads until they are ready to be handed off to sales. Adding a call to action to every contact is a proven and effective marketing nurturing approach and businesses selling complex products can rarely succeed without it.