Corporate investment in SEO
has increased, investment in Pay Per Click has increased but, in almost
every case, the results have begun to plateau and the quality of leads
coming from online channels is in decline.
One of the core functions of any marketing team is to increase traffic
and attract new and existing customers, typically via the corporate
website. With the increase in SEO, PPC spend and now the next logical
step, sustained content marketing programmes, more and more “leads” are
being created by B2B marketing teams. However the explosion in the
number of “leads” or contacts from prospective buyers has created
another problem for sales and marketing operations, not enough
“qualified leads”.
Marketing teams are now creating too many leads! What the Sales team
actually require are qualified sales leads to make sure they invest
their time wisely. Analysis shows that of the increased number “leads”
that marketing are creating, in larger enterprises, 93% are never
followed up effectively or touched and certainly not qualified. A
further 5% don’t buy immediately and are not nurtured effectively to a
successful conclusion. 2% of those “leads” move into the sales process
and, with an average close rate of 1 in 10 it means that for every 500
prospective customers, who download a whitepaper, undertake a survey,
or attend a webinar only 1 ends up buying!!
An interesting statistic from Harvard Business Review
regarding how important it is to follow up leads in a timely manner
when it comes to online leads. “Companies that try to contact potential
customers within an hour of receiving queries are nearly 7 times as
likely to have meaningful conversations with key decision makers as
firms that try to contact prospects even an hour later. Yet only 37% of
companies respond to queries within an hour.”
The above stat is amazing, when you think of the revenue companies are
losing due to a delay in the lead follow up process. What enterprise
doesn't seem to realise is that customers move rapidly, their attention
span is short and they want answers quickly. So how do you make sure
that you’re getting back to customers within that rapidly closing
window?
The Investment to create the interest in any company and their solutions
can run into $millions and is increasing all the time, particularly as
the economy becomes more and more competitive. Despite the increase
in spend, 98% of this investment remains wasted and sales teams are left
with the feeling they are unsupported by the Marketing.
Operatix have identified this disconnect, which is largely due to
Marketing teams being too successful at what they have traditionally
been asked to do, create leads. With the increase in volumes it is
critical to identify, quickly, the real sales opportunities, versus
those prospects that need true nurturing, versus those that do not
justify time and money being spent. When we say quickly we mean minutes
and hours, days and weeks and you have lost your prospect and lost the
opportunity to turn online investment into revenue.
Operatix is a Sales and Business Operations Company built for the way
business is done today. Working with B2B companies to convert the
considerable spend in digital demand generation into sales revenue and
offering qualification services from £15 per lead. It is not good enough
to simply produce "leads", you MUST turn them into revenue!
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