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You are here: Home > Business > Marketing > B2B Marketing Accountability: 5 Ways To Prove Your B2B Marketing Efforts Are Paying Off |
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Will You Add? - B2B Marketing Accountability: 5 Ways To Prove Your B2B Marketing Efforts Are Paying Off
Sample Company File in QuickBooks - Valuable Tool for Self-Study icating the improvements that have been made in cost per impression, cost per inquiry, cost per attendee or cost per qualified lead.Have you ever wondered what would happen in your QuickBooks file if you performed certain operations, but were too afraid to try? Did you know that you can experiment with your ideas, and not make a mess in your QuickBooks file?When you installed your QuickBooks file, you also installed Sample Company files. Intuit designed these so that you could experiment with any idea or concept you have, and not take a chance messing up your own file.Best Way to Experime List all the marketing projects your marketing team completed Marketers often don't think about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site. Pointing out the number of marketing projects completed It's 2006-Do You Have a Human Resource Strategy Your boss wants to see evidence that the money and resources invested in the company's business-to-business marketing activities are really paying off. You start to sweat.This new century demands that management have adaptive skills working across the generation diversity that exists in today’s workplace. No doubt people are an organization’s most precious asset. Today, unlike any other time in history, that asset is filled with generational diversity. This diversity sits side-by-side, shoulder-to-shoulder, cubicle-to-cubicle and warehouseman to warehouseman. This generational diversity can create tension, mistrust and conflict and negate loyalty to t Relax. It is surprisingly easy to prove that B2B marketing is contributing to your company's bottom line. Here's how. Show the relationship between your marketing and your revenue Start by looking for sales and revenue that can be linked to marketing activities. Simply compare lists of new customers or invoices to companies or prospects in your marketing database and look for matches. You don't have to find every sale that resulted from your marketing activities. Sometimes all it takes is one big sale to justify a campaign. If sales haven't closed yet, count the number of qualified leads and use estimated conversion rates and average sales size to quickly determine the sales potential of those leads. Or look at the forecasted sales in the company's CRM system and compare them to the database of prospects, inquiries or qualified leads. You can also send "Did you buy?" surveys to inquirers and qualified leads, using their answers to show that the prospects being targeted by your marketing are buying from you or the competition. Ask if they bought, and if so, from whom. Ask why and how much they spent. If your sample size is large enough, you can also use the answers you receive to estimate the number of sales and the amount of revenue that are represented by all the inquiries and leads you've generated. Show how much you saved the company Just give it some thought and you'll probably come up with a list of things you've done to save your company money or time. For example: - Printing and postage savings after cleaning the mailing list or delivering the company newsletter by e-mail. - Savings accomplished by offering electronic versions of literature. - The money you saved by eliminating non-productive marketing activities - Time and money saved by automating the capture of Web forms and eliminating some manual data entry. Show other ways your marketing is more effective This can range from showing how many more prospects you reached with your marketing messages to indicating the improvements that have been made in cost per impression, cost per inquiry, cost per attendee or cost per qualified lead. List all the marketing projects your marketing team completed Marketers often don't think about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site. Pointing out the number of marketing projects completed, Behavioral Interviews - A Great Showcase for You look for matches. You don't have to find every sale that resulted from your marketing activities. Sometimes all it takes is one big sale to justify a campaign.When you go into an interview, you need to leave your nerves at the door. The best way to prepare is to develop beforehand, your own story (or stories). This is especially great for the "behavioral" or "competency"-based interview being used more today. A behavioral interviewer will spend about half the interview on your job skills, and about half on your behavioral competencies. He or she will be looking for evidence of how you have acted in real situations in the past. So having If sales haven't closed yet, count the number of qualified leads and use estimated conversion rates and average sales size to quickly determine the sales potential of those leads. Or look at the forecasted sales in the company's CRM system and compare them to the database of prospects, inquiries or qualified leads. You can also send "Did you buy?" surveys to inquirers and qualified leads, using their answers to show that the prospects being targeted by your marketing are buying from you or the competition. Ask if they bought, and if so, from whom. Ask why and how much they spent. If your sample size is large enough, you can also use the answers you receive to estimate the number of sales and the amount of revenue that are represented by all the inquiries and leads you've generated. Show how much you saved the company Just give it some thought and you'll probably come up with a list of things you've done to save your company money or time. For example: - Printing and postage savings after cleaning the mailing list or delivering the company newsletter by e-mail. - Savings accomplished by offering electronic versions of literature. - The money you saved by eliminating non-productive marketing activities - Time and money saved by automating the capture of Web forms and eliminating some manual data entry. Show other ways your marketing is more effective This can range from showing how many more prospects you reached with your marketing messages to indicating the improvements that have been made in cost per impression, cost per inquiry, cost per attendee or cost per qualified lead. List all the marketing projects your marketing team completed Marketers often don't think about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site. Pointing out the number of marketing projects completed Rev-Up Your Network! sing their answers to show that the prospects being targeted by your marketing are buying from you or the competition. Ask if they bought, and if so, from whom. Ask why and how much they spent. If your sample size is large enough, you can also use the answers you receive to estimate the number of sales and the amount of revenue that are represented by all the inquiries and leads you've generated.Whether you are looking for a job, new clients or feel the need to expand your list of professional contacts, networking is the answer.So what are you saying to yourself right now? “Yuck, I hate networking. I’ll go to a networking event one of these days, if I can figure out where the REALLY good connections are.”Hello? These are all excuses that keep you in the same place and move you no closer to your goals!Guess what? We all hate networking. It’s just Show how much you saved the company Just give it some thought and you'll probably come up with a list of things you've done to save your company money or time. For example: - Printing and postage savings after cleaning the mailing list or delivering the company newsletter by e-mail. - Savings accomplished by offering electronic versions of literature. - The money you saved by eliminating non-productive marketing activities - Time and money saved by automating the capture of Web forms and eliminating some manual data entry. Show other ways your marketing is more effective This can range from showing how many more prospects you reached with your marketing messages to indicating the improvements that have been made in cost per impression, cost per inquiry, cost per attendee or cost per qualified lead. List all the marketing projects your marketing team completed Marketers often don't think about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site. Pointing out the number of marketing projects completed Hair, Medicine and You: The Power Of Emotional Branding ney or time. For example:At times it can seem as though the airwaves (especially late at night) are saturated with commercials touting the latest cure for hair loss. Some of the most ubiquitous advertisements are for hair transplant surgery. Many are familiar with the Hair Club For Men’s famous tagline: "I’m not just the president, I’m also a client." (Incidentally, the company is now named "Hairclub" to indicate its wider focus on the hair restoration needs of men, women and children.)Ha - Printing and postage savings after cleaning the mailing list or delivering the company newsletter by e-mail. - Savings accomplished by offering electronic versions of literature. - The money you saved by eliminating non-productive marketing activities - Time and money saved by automating the capture of Web forms and eliminating some manual data entry. Show other ways your marketing is more effective This can range from showing how many more prospects you reached with your marketing messages to indicating the improvements that have been made in cost per impression, cost per inquiry, cost per attendee or cost per qualified lead. List all the marketing projects your marketing team completed Marketers often don't think about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site. Pointing out the number of marketing projects completed Remove Your Risk When Marketing icating the improvements that have been made in cost per impression, cost per inquiry, cost per attendee or cost per qualified lead.Avoiding Risk When You Steal ShareWhat do you know? What don’t’ you know? What is knowable?Until you fully understand the REAL issues facing your brand, you cannot solve your marketing problem. Your ultimate success is therefore much more dependent upon the questions you ask then the answers you find. The price of success is the risk of unsettling the boat — rocking the very foundation upon which your business currently floats.Committin List all the marketing projects your marketing team completed Marketers often don't think about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site. Pointing out the number of marketing projects completed, and all the work steps involved, can be a real eye-opener to others who are completely unaware. Always be ready to make your case I recommend that you block out a couple of hours to create your business-to-business marketing accountability reports every month so you'll always have up-to-date results at your fingertips. If you're pressed for time, use an intern or temp to do it for you. Your results may vary, but consider this ... A marketer I know recently reported to her management that awareness of their company and products among target prospects more than doubled, the cost per qualified lead delivered to sales by marketing dropped by nearly 40 percent, 58 percent of the opportunities in the sales pipeline were found first by marketing, and 48 percent of the sales closed and 62 percent of the revenue during the past 12 months came from marketing-generated leads. The result? She received a bigger marketing budget and senior management executives no longer doubt marketing's contribution to the company's success.
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