“I do precision guesswork, based on unreliable data, provided by those with questionable knowledge to meet or exceed formidable expectations.” -Sound familiar? In the today’s B2B sales world, winning a new deal doesn’t happen without engaging conversations. It…
B2B Marketing Needs MOI Follow-Up Not More Cowbell
Demand Creation • May 15, 2012
On a Saturday evening in April 2000, Christopher Walken, Will Farrell and SNL hucksters doubling as the rock band Blue Oyster Cult delivered what has become one of the most watched Saturday Night Live skits ever – “More Cowbell”
Today’s B2B Marketers are inundated with the hype cycle promoting more marketing cowbell. There are literally thousands of messages daily that promote new marketing automation software technology as the silver bullet that will solve all their ills. But the truth of the matter is, B2B marketers don’t need more silver bullets or more cowbells, what they need are more qualified leads that are sales ready. Realizing this ultimate business objective requires rethinking the lead management process that most B2B organizations have in place today. Simply capturing leads, automatically scoring them, and automatically flipping them off to sales as qualified leads is a huge mistake for B2B marketers. With sales teams under increased pressure of bigger quotas, fewer declared sales cycles, and smaller average deal sizes, they simply don’t have time to pursue anything except “qualified sales-ready opportunities.”
Getting more of those requires tight alignment between sales and marketing and requires each organization to break-down the functional boundaries that artificially separate them. Marketing must develop processes and put people in place that take raw inquiries and vet them against their target market’s buying journey profile…
• Are the inquiries with the right role?
• Are the inquiries even in their ideal target market?
Most of the time, this “vetting” can only take place with a voice-to-voice (V2V) engagement. Short-cutting these engagements takes Moment of Interest (MOI) follow up processes and techniques.
Here is what I mean by Moment of Interest – Studies were conducted in the past few years at MIT Sloan to determine the optimal telephone follow-up period for B2B leads. What they found is that the optimal window for phone follow up is within the first 16 minutes of a prospect’s online activity (email click-through or inbound opt-in). Here at OppSource, we advocate making the investments in the lead management process and operational design to accommodate this level Moment of Interest (MOI) follow up. Our own data suggests that connect rates are 9 times greater when our clients adhere to a 15 minute SLA for lead follow up. How would you rate your organization’s ability to design a lead management process that ensures raw inquiry follow-up within 16 minutes of their digital engagement?
Want to put more MOI in your lead management process, click on the link below and we’ll engage you at your Moment of Interest.