Rethink Your Approach to Customer Testimonials: Mobilize Your Advocates

This was a post I originally created for Kapost's Content Marketeer Blog.

“I’m too busy.”
“I’m travelling."
“It’s end of quarter.”
“I never got your email.”

How many excuses like these have you seen when you’re asking your customers for a testimonial? How many letters, emails, calls, texts, tweets etc… do you normally have to send before you hear back from your customers? It’s been proven that B2B buyers see their peers as the most trusted source of information so you need to get these customer quotes but why does it have to be so difficult? Until you change your approach, this cycle will continue.

Photo credit: megawatts86

You need to stop treating your customers like they are an ATM of testimonials that you can always bank on.

You know that’s not sustainable. Let’s take the example of a farm. Farmers can’t just magically harvest their crops season after season. They need to plant the seeds correctly, nurture their crops, and practice proper crop rotation to avoid destroying the land. This same concept applies to how you interact with your best customers to get the customer testimonials that you need.

Advocate Marketing: Mobilizing Your Biggest Supporters 

The first thing you need to do is to identify which of your customers are your biggest supporters – these are your advocates. Search through various social media channels and take note of which of your customers have positive things to say about you. If you run a feedback or NPS survey, collect the names that provide positive feedback. Ask your customer-facing teams who your happy customers are. Now you are on the right track. You then need to mobilize and motivate these advocates. Start off by focusing your advocates on small missions that will help spread the word of your brand. For example, you can ask them to follow you on Twitter, comment on a blog post, or respond to a discussion on LinkedIn. Next, seek out their feedback and learn more about them. Consider asking advocates these questions:

What is something they accomplished with your product this week?

What new features would they like to see?

What are their interests and how would they like to be recognized?

This is part of cultivating the relationship with your advocates that is similar to the example of following proper farming techniques. Many of your customers are looking to be acknowledged or would like a spotlight to talk about what they love about your product or service. You need to create these opportunities to properly harness the power of your biggest supporters.

This means that you will need to invest some time in planning out your advocate marketing strategy. By creating this interactive, two-way conversation with your advocates, you are creating real, reciprocal relationships that result in customer BFFs (Best Fans for Life). This process will also generate a larger pool of potential customers that you can seek testimonials from. You are now creating an extended marketing arm that will gladly speak on your behalf as well as provide references and case studies when needed. Stop the excuses and start mobilizing and nurturing your advocates today. Your customers and your company will thank you for it. 

 Looking for justification of this approach? Learn about how Robyn at Xactly mobilized hundreds of their satisfied customers using their Influitive AdvocateHub.

Chad H.

@chadhorenfeldt

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The Rules of Lead Generation Defined – Book Review

For years I’ve been helping B2B marketers execute on their marketing strategies and at times I felt like I was working from scraps of information here and there that I have learned over the years. The issue was that there really wasn’t a guide for B2B marketers. We now have one: The New Rules of Lead Generation: Proven Strategies to Maximize Marketing ROI by David T. Scott. David was kind enough to send me on a copy and I will provide a short review of his groundbreaking work.

There are many smart marketers out there that have provided a bunch of insightful resources but there really wasn’t a straightforward starting point for someone new who was just breaking into the field. David’s book has helped bridge that gap by creating the B2B Marketing bible for demand generation marketers. I have not seen another book out there that is ambitious enough to include the majority of marketing tactics covering both offline and online formats.

Who Should Read This Book: Anyone New to B2B Marketing or Wanting to Improve

David makes it very clear whom he is targeting – it’s not the mom and pop shop businesses. He’s trying to help those marketers that are looking for information on principles and strategies of enterprise level lead generation. If you are someone that wants to get an introduction into some of the tried and tested tactics as well as the basics on putting a lead generation strategy together, this book is for you.

Besides those that may be new to B2B marketing, I would also recommend this book to those that are trying to put the various pieces together and may have been thrown into the role or volunteered without a full background in this area. Have a look at this book – you will benefit from it.

 

What Did I Like? A Focus on Strategy, Testing and Metrics

Definitions & Strategy. I love this quote from David “You can’t build a strong house without a string foundation”. The book is split up into two major areas: definitions and strategy of lead generation and lead gen tactics.

David makes it clear that you need a firm strategy in place or your tactics will fail and you won’t be able to convince your executives to get the funding you need. He provides you with the details you need to start the planning process so even a newbie can get this in place in no time. David starts off by defining some of the basic concepts of lead generation as well as focus on targeting and segmentation (My comment: YES!). Without these foundations, it can be difficult for marketers to get their bearings and execute on their strategy. This is something I have emphasized to many marketers over the years and it’s nice to see something in writing with a hard cover that that outlines this. Don’t miss David’s “5 Steps of a Lead Generation Campaign”.

Testing. A number of resources will tell you what you need to do. David emphasizes throughout his book that you are never done tweaking your tactics. You need to constantly test as a best practice for one organization may produce the opposite effects for another. You never really know what works best unless you test in lead generation. He covers testing techniques from emailing to cold calling. David believes that there are no mistakes in testing lead generation – you need to experiment to find out what works best to reach your target audience.

The Importance of Metrics. So you don’t consistently measure the effectiveness of your campaigns. David gets you. Marketers are really behind in this area and David documents in laymen’s terms how to measure the overall Return on Marketing Investment (ROMI) of your campaigns as well as some of the basic metrics. Running some campaigns and hoping for the best is not a smart option. Metrics should be part of your overall strategy and something that you present to executives on a regular basis. This book will help point you in the right direction. He has included a good example of comparing the success of display ads vs. a tradeshow and how to measure the impact to demonstrate which tactic is better.

There are also many small tips that you’ll take from this book from where to setup your booth at a tradeshow to best practices on messaging for your Google Adwords campaigns. You will definitely walk away with something from this book that you can use in your day-to-day marketing campaign execution.

Where it Comes up Short

In this book David admits that lead generation is in a constant state of evolution. There is no way he can cover everything that is out there as well as all the emerging trends. There is just too much going on and David has done an admirable job. I would have liked David to have focused more on these areas:

• Marketing Automation. David makes a passing reference to some of the vendors out there including Eloqua and Marketo. I’m a bit biased here but marketing automation is a major force in lead generation today and should have had a bit more space allotted to it.

• Content Marketing. David dismisses search engine optimization as “passive marketing” and not a large aspect of lead generation. I disagree with his opinion here, as content marketing is instrumental in attracting viewers to your materials and assisting in generating leads and moving buyers through the sales and marketing funnel. This is probably an area that can be covered in a follow up in the next volume.

• Mobile. There are a lot of opportunities here that should be better acknowledged when it comes to Iphones and Android.

Another consideration for the next volume is to cover the area of advocate marketing. David dismisses the area of “word of mouth marketing” but advocates today are generating leads through referrals. These are solid leads that have a much higher conversion rate then some of the other tactics out there.

The book also could have used more illustrations and practical examples. David has done well to focus on the various social media tactics such as Twitter and Facebook but there are some good examples that could have been included to help the new marketer grasp these concepts. Again, only so much that can be fit into this book. I also disagree with the book’s emphasis on list purchases when it comes to email. I would recommend spending the time to build your lists organically then wasting money and time on list purchases that can get you in hot water with your email or marketing automation vendor.

 

My Takeaway: Read it, Live it

Let’s face it - B2B Marketing is a newer concept that is still emerging. We’ve moved beyond the traditional type of brand marketing that you see in Mad Men and marketers need to understand these new frameworks. Another name for this book should be “Lead Generation 101”. The New Rules on Lead Generation will help marketers get to that next level and should be standard reading for those studying marketing in business school and those that are newer or less experienced in this area. Happy reading!

Chad H.

@chadhorenfeldt

PS: The last chapter on integrated campaigns is a must as it ties together many of the concepts and has some good examples.

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Advocate Marketing: An Introduction

Very recently I made the decision to shift to a different aspect of marketing that involves mobilizing your biggest fans or your advocates. This was a bigger shift then I thought it would be after specializing in marketing automation for almost eight years. But it's been extremely exciting to be part of building a new frontier in marketing.

To summarize this concept of advocate marketing, it stems from studies today that demonstrate that B2B buyers don't trust traditional forms of marketing like they used to. Online ads, email promotions and other forms of PR have lost the impact that they previously had with all of the noise that exists in today's digital world. Buyers are also skeptical of sales people. They are going to do their own research via their social networks and through other means. Buyers trust people that have the same challenges that they do. Buyers trust people that went through a similar buying process. This is where your advocates come in and can help help bring authenticity and assurance that the buyer is making the right decision. The difficulty for the seller is connecting buyers and advocates together in a mutually beneficial and efficient manner. The key to this is forming an advocate marketing program.

Mobilize your advocates

I've been doing my research on this topic and have listed some resources that I thought you would find useful as a primer on this topic:

• How To Create A Customer Advocacy Program by Jeremiah Owyang of the Altimiter Group. Jeremiah provides a great overview on the need for an advocacy program and best practices on setting it up and making it successful. It's a must read.
• Looking for Advocacy Program Information by Hank Barnes of Gartner.  This is a fantastic example for a few reasons. Hank's post is a call to arms for marketers to be more proactive on social media - don't just listen but act and use advocates as the lightening rod. In addition, this post became a case study for the success of advocate marketing programs influencing industrt analysts. Read the comments and then read this write up: How to Turbocharge Your Analyst Relations Program with Advocates
• Customer Reference or Customer Advocate – Is there a Difference? by Kimberlee Ellis of BMC Software. I wasn't clear what the difference was between a customer reference and a customer advocate when I started my new role. Kimberlee is obviously a pro in this field and passionately clears up this debate if there really was one. Be sure to subscribe to her blog.
• Marketing Is Dead by Bill Lee of the Customer Reference Forum. Bill is the thought leader in the space and his "Marketing is Dead" post probably stopped marketers in their tracks when it was first released. Bill provides a state of the nation of the marketing landscape and then provides excellent examples of how to leverage advocates. His message of helping to build social capital for your advocates is something that needs to be read carefully.
• Elevate Advocate Marketing Into a Core Business Process by Mark Organ of Influitive. Mark provides the necessary background into why advocate marketing is now prevalent but also arguing that it's something that has existed yet in another form. He provides practical examples of how companies can take advantage of their advocates today.  

I hope you have found this useful and if you have other resources that primers for newbies in this area, please add these in the comments.

@chadhorenfeldt

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Survey Shows B2B Marketers Will Prioritize Email Marketing, SEO, Social Media in 2013

This is a guest post from CRM Analyst Ashley Verrill. This is the first ever guest post on this blog in its seven year existence so you know the content is going to be good. Much of this verifies what I've been saying for years but it's always good to see this data for yourself for a sanity check. For example, before you go upload that list of emails that you just bought, read the data below...


B2B marketers will focus their efforts – and dollars – on in-house email marketing, SEO and social media this year, according to recently released survey results.

Research firm Software Advice kicked off the 2012 B2B Demand Generation Benchmark poll last fall. Their goal was to provide marketing professionals benchmarks to compare their lead generation performance to peers.

The survey asked questions about the effectiveness of various channels, offers and content for lead quality and volume. Experts also queried marketers about their spending priorities in 2013, both over all and by channel.

To help analyze these results, CRM Analyst Ashley Verrill interviewed Eloqua Marketing Programs Director Elle Woulfe. In this video, she discusses the survey group’s opinions bout the most effective channels for lead generation.

And below are the detailed results of our survey.

Most Popular Channels

The graph below illustrates the percentage of marketing respondents that use each channel for demand generation.

Volume of Leads by Channel

The chart below is ranked from highest to lowest percentage of marketers identifying the channel as high volume.

Quality of Leads by Channel

The chart below is ranked from highest to lowest percentage of marketers identifying the channel as producing high quality leads.

Cost by Channel

The chart below is ranked from highest to lowest percentage of marketers identifying the channel as low cost-per-lead.

Quantity of Leads by Content or Offer

Here’s how each content or offer ranked from the highest to lowest percentage of marketers viewing them as high volume.

Quality of Leads by Content or Offer

Here’s how they ranked from the highest to lowest percentage of marketers viewing the content or offer as high quality.

Most Popular Content or Offer

The graph below illustrates the percentage of marketing respondents that use each content or offer for demand generation.

Overall Demand Generation Spend Plans for 2013

The chart below shows how marketers will adjust their spending plans relative to what they allocated for programs in 2012.

Spend Plans by Channel This Year

The chart below reveals how marketers will adjust their spending plans by channel in 2013 relative to 2012.

About the Sample

We collected 155 responses from Sept. 26 to Nov. 12, 2012. Below is a breakdown of the sample by industry, business size, marketing budget and seniority.

Demographics by Industry

Demographics by Number of Employees

Demographics by Marketing Budget

Demographics by Seniority

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Managing Your Social Network: Top Tools You Should Use

After having my kids I took a step away from social media except for posting adorable pics of my kids on Facebook. That's about all I had time for - so I thought. My thought process was driven by a severe lack of sleep (which still exists) and a desire to focus on my core tasks which included leading my team. Here's the problem: my role is all about helping out customers and providing the best customer experience possible. In addition, establishing relationships on Twitter, Facebook and LinkedIn doesn't mean just setting them up and letting them languish. You can do this but when you need these people, don't expect them to respond. Like any relationship, you need to nurture your social network. This doesn't mean connecting with everyone but there are some tools I've started to use that are easy to use and can quickly turn you into a social media rock star.

Top 5 Tools You Should Use to Manage Your Personal Social Media Network

Before we start, when I refer to social media, I'm mostly referring to LinkedIn, Twitter and Facebook.

1. Buffer. Buffer allows you to setup a bunch of Twitter, LinkedIn and Facebook updates to publish on a set schedule. That way if you have interesting things you want to post, you don't have to do it all at once or use another tool where you delay the posting. Just post items to Buffer and they will be published based on the schedule you've setup. In addition, you can use Buffer with other tools like Tweriod or Socialbro (recommended) that will tell you the optimal times to post your updates. That way your posts will get the largest possible audience. You can download a Buffer app for your Iphone or get the browser extension.
   
   Since using Buffer for only two months, my Klout score has jumped more than 5 points. I can't give all the credit to Buffer as I do have some cute kids and they do get a bunch of likes on Facebook but Buffer is a goldmine. When I have time, I find interesting pieces of information that I hope my audience will like and I post them using Buffer. It allows me to spend some concentrated time and then have posts setup for the next 2-3 days at least.
2. Flipboard. Flipboard is an app for your Iphone or Ipad that allows you to easily flip through a summary of your social media networks. It allows me to review what others in my network have posted and either like, retweet, +1 or comment on what they have created. I can do it quickly when I'm waiting in line or caught in a subway or flight delay. I see it as the ying to Buffer's yang. Buffer allows me to post more material and Flipboard allows me to better engage my audience. I like it as I can easily listen to what others including friends, colleagues and customers are saying.
   
   
   
   Flipboard has opened my eyes to new people and information that I would never have known about the flipping action of cycling through materials is fun for me. I can setup a number of boards based on my interests (for example, saved Twitter searches) and it also has a highlight reel of top pieces of information from your different social media accounts. I have used it to review my Google Reader RSS feed that I not looked at for 2 years (and never thought I would until my kids went to university). You can even blend Buffer with Flipboard by sending articles you find on Flipboard to Buffer's account email address which will queue up your posts via Buffer.
3. Pocket (Read it Later). Pocket allows you to save web pages and articles to read them later. I typically use the Iphone bookmark plugin or the browser bookmarklet to capture pages. I then read them using the Iphone app typically when I'm stuck without an internet connection (on a plane or subway). This application also works with Flipboard so I can save items I find there to Pocket to read them later. Once I've read the full article (when I have time), I'll then decide if I should I forward it on to my social network. This is another great application that helps me feed my buffer stream.
4. Rapportive (or Xobni). Rapportive is a Gmail plugin that allows you to easily social network with people you email to or who you receive email from. When you receive an email or type in an email you'll see their social media profile pop up on the right side and you can see which social networks they're associated with and if you're currently connected. If you're not connected, you can easily connect with them which quickly helps you grow your network. Xobni does basically the same thing for those that use Outlook and there is a version called Smartr for Gmail but I didn't like it as much as Rapportive. I do have Smartr on my Iphone as it does have all of the social media profiles for contacts that are on my phone but I haven't found a use for it just yet.
   
   
   What I typically do is provide an item of value (such as a follow up from a meeting) and then request a connection through Twitter and/or LinkedIn using Rapportive. I like this tool as I can expand my social network in the normal context of my working day. If I'm already connected, I may review their latest social media posts and decide to engage with them. I can also refer to this information during meetings etc...
5. An Iphone. Tying all of these tools together is an Iphone (or an Android phone). In order to make it easy to listen, engage, connect with my social network as well as expand it, I need my Iphone as it allows me to do all of this anywhere and with the swipe of a finger.

You don't have to right off social media or let it control you. You just need the right tools. Hope this helps. Do you have any tools you can recommend?

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Marketing Automation Not Just About Revenue (But it's Damn Important)

I've had the following conversation a few times with clients who have implemented marketing automation: "so now that we have marketing automation in place we want to do ROI reporting - TODAY". Jumping into ROI/closed loop reporting right away can be difficult. You need to have the right processes in place including a strong relationship between marketing and sales as well as a focus on revenue metrics to name just a few of the requirements. A recent report by the Lenskold Group and The Pedowitz Group backs this up. Don't try and do everything at once with marketing automation - create a plan that will lead to incremental success but don't stop with just simple automation. Improving your organization's overall reporting structure and focusing on marketing's contribution to top line revenue brings many added benefits.

Show me the ROI?

While companies that have implemented marketing automation demonstrate a higher adoption of ROI type reporting such as sales metrics and revenue metrics, the focus is still on cost efficiency metrics, engagement metrics, lead metrics and response metrics (see the right side of the chart below).

Source: Lenskold Group - 2012 Lead Generation Marketing Effectiveness Study

There is no question that there has been a tremendous improvement in the number of companies that are now using some ROI type reporting (4 out 10 companies according to this report). That said, the biggest improvements with marketing automation are seen in increased quality and quantity of leads. Ensuring that the marketing automation building blocks are in place including automated lead scoring and nurturing help generate trust with sales and the rest of the organization. This can help you buy the influence that is needed when trying to close the loop and gain more insight on leads after they move to sales - especially with the long sales cycles that we see with many B2B companies. ROI reporting requires marketing to create a unified lead management process with sales and to also have support from IT when needed.

Source: Lenskold Group - 2012 Lead Generation Marketing Effectiveness Study

Take it to the Next Level - It's Worth it

The bottom line is that it is worth it to get to ROI type reporting. Those companies that are using marketing automation and ROI metrics are seeing a measurable difference when compared to companies that don't use these similar metrics. For example, companies using marketing automation and ROI metrics have seen a 69% increase in marketing's revenue contribution. I would be rather a CMO at a company where I can demonstrate how my team is impacting sales and revenue growth then a CMO at the other company that has marketing automation but can't demonstrate top line revenue contribution. Marketing Automation gives you the tools to reach the promised land. If you can't see a clear path to get to ROI reporting, talk to your account team with the marketing automation vendor you work with - they should have marketing experts that can help.

Source: Lenskold Group - 2012 Lead Generation Marketing Effectiveness Study

Oh and if that wasn't enough, here are a few of the other key findings from the report for companies using ROI metrics to assess their effectiveness:

• More likely to be outgrowing competitors
• More likely to define their marketing as highly effective and efficient

There is no question that there is some tough roads ahead for companies that go down this path. What this report backs up is what I see every day. The companies that roll up their sleeves and go all in get the best results. This requires patience, determination and proper planning. Good luck to those going down this road and congratulations to those that are already reaping the rewards.

Additional Sources:

• http://www.marketingprofs.com/charts/2012/8955/marketing-automation-drives-b2b-lead-gen-effectiveness#ixzz27S1AHoGN
• http://www.crmsoftware.tv/videos/b2b-lead-generation-key-findings/

Video Wall Displays

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When Lead Scoring Will Fail

Having worked with B2B marketers for many years, it's typically a no-brainer when someone asks me "should we implement lead scoring?". Lead scoring, which is the process of automating the qualification of leads that you generate, is a key stepping stone to get marketers to the next level. Having said that, your company may not be fully ready for it and there are some steps to start moving in the right direction. Lead scoring can't be used as a band-aid for companies that have incomplete processes. I'll outline some items that will prevent your organization from a successful launch of lead scoring. I'm not saying that you need to nail all of these before you start down the lead scoring path. Lead scoring evolves over time. However, you should consider these items.

Top Five Reasons Lead Scoring Will Fail

1. Not enough leads. I read a recent Marketing Sherpa article about a company that was able to produce some awesome lead gen results without a CRM or lead scoring. You can get away with this if your a small company starting out and your still ramping up your demand generation efforts. You really need a large supply of leads to justify lead scoring. Lead scoring is disruptive for organizations as your automating the prioritization of how leads should be followed up on. If there are not enough leads then sales or the tele-prospecting team will jump on every lead regardless of the best lead scoring system put in place. People need to make their quotas.
2. There is no end goal. Lead scoring can't be something that you setup just to cross it off your marketing automation checklist. It must be setup with a goal in mind. Typically it has a dual purpose: it helps sales prioritize the follow up of qualified leads and it helps marketing determine the type of offers that should be sent as lead scoring is tied to the different stages of a buyer's journey. Possible goals can include increasing the velocity of leads through the sales funnel, increasing the overall revenue generated by sales, launching a specific lead nurturing campaign that is geared to leads with a low lead score etc...  You also should consider the emotional side (have you read Switch?)- making sales people happy and giving more power and respect to marketing. These aren't as flashy to the CEO but they make things more enticing for both sales and marketing. Besides winning a Markie (special award for marketers), the biggest award I've seen given to a marketer was receiving recognition from the sales team of a job well done.
3. Unrealistic expectations. Lead scoring at the moment is still not a science. It will not slice bread. It will not make your product more attractive. It will not generate more leads (it may reduce the number of leads). Many marketers and sales teams see it as the bright shiny toy on the shelf that they have to have. They think it will solve all of their problems. It won't. It will promote some great conversations and it can help you improve your lead generation engine but this will take time. Because lead scoring is not a science it will require some tweaking and fine tuning. Don't expect it to move mountains after a few days.
   
   I also see sales teams that want to take over the lead scoring discussions and build out very elaborate and complicated lead scoring models that use some of the traditional BANT criteria that sales teams have used for years to qualify leads. I don't recommend that lead scoring be used for that purpose and I'm not alone (See: Why BANT No Longer Applies for B2B Lead Qualification).  Automated lead scoring is best used or doing an initial qualification of leads that meet a minimal level of an agreed upon definition between sales and marketing of a "qualified lead: and then having a tele-prospecting team do further qualification to see if a real sales opportunity exists. At that stage, there are different tools that sales can use to determine if a prospect is really engaged or not.
4. Too many lead scoring criteria at the beginning. I recommend using five criteria to track the profile of an individual (job role, industry, company size etc...) and five criteria to track engagement (recency and frequency of web visits, social media activity, email responses, form completions etc..) to start off with. Test out the criteria and see if it's working after three months. You may find that you can add some additional criteria based on discussions with your sales team. Build in a schedule for a regular review of your lead scoring criteria.
5. Not enough data. I still help review about one lead scoring model each week on average and one of the biggest issues I see is lead scoring programs that are scoring on data points that don't exist. Your lead scoring criteria can't be created in a vacuum. For example, if your going to score leads based on industry, review your web forms to determine if you are collecting that data. Review your live events to see if you ask that question at booths and/or roadshows. The score is only as good as the data you are collecting. You may even require some additional data tools to clean your data and append additional information.
   
   In addition, you need to review your lead scoring model every 3-6 months to ensure that it's still producing enough quality leads. If you don't do this, sales will ignore the lead score and you will be back to square one.

Another  top reason that lead scoring typically fails and a common thread through these five items is the lack of alignment between marketing and sales. These two teams need to work together and have common goals to get the most out of lead scoring. I have seen lead scoring work when the end goal was to help marketing segment their database and serve up different pieces of content but you can only get so far without having a good relationship with sales. The success of your business depends on a close tie between these two groups.

This is not meant to discourage you but it's something to keep in mind when thinking about a lead scoring project. Many companies I work with will concentrate on getting their database in order first as well as creating nurturing paths to help enrich their database before tackling scoring. It comes down to your priorities.

Articles to consider: Lead Scoring Has Drastically Changed – How do You Measure up?

Image courtesy of Beachhead Marketing

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