25 more 13 53 Outbound calls % via email 31 Inbound response · respond to appointment setting...
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What works when selling to marketersLead generation best practices for marketing technology and services vendors
A noisy, cluttered marketplace makes it difficult for marketing technology vendors to find the right tactics and messages that will get noticed by marketers. However, traditional lead generation practices are very successful in reaching this target.
Data is based on a study by LeadJen of lead generation campaigns targeting lists of marketers over a three and a half year period, from 2010-2013. These records included 1.45 million outreach attempts, included more than 20,000 conversations with marketing professionals, and generated 830 appointments resulting in nearly $4.8 million in revenue generated.
LeadJen 1311 W. 96th Street, Suite 250, Indianapolis, IN 46260 leadjen.com
Marketers are 8% - 30% more receptive to lead generation efforts
Midweek/Midday most productive
appointments set in first call
25% more appointments set
with marketers
MON
12
6
111
210
39
48
57
TUE WED THU FRI
Appointment per lead
MarketingAll Industries
2.0%2.5%
17%30%
20% 20%13%
13%Marketers
53%Outbound calls
31%1 call
11%2 calls
20%Inbound response
via email
14%Inbound
response via phone call
13%Follow up
email or call
10-12%Other professionals
6%3 calls
5%4-6 calls
Appointments set by time (Eastern time zone)Appointments set by day
How appointments are set 14%14%
9%
8%2%
12 % 16%
10%
10%
5%
13%
appointments set after
following up on“no interest”
response
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LeadJen Marketing White Paper
One of the most successful marketers of all time, P. T.
Barnum was innovative not only in his ideas, but also
in how he promoted those ideas. The businessman
and founder of Ringling Bros. and Barnum & Bailey
Circus was famous for noting that “without promotion,
something terrible happens...nothing!”
Yet, even a visionary like P. T. Barnum would be amazed
at the changes taking place today in marketing. What
once was the practice of trying to get as many people
as possible to purchase a product or service, today is
a targeted consumer-driven process that requires
marketers to reach potential customers with the right
information at the moment they are making a buying
decision.
Fueling this process and adding to its complexity is a
constantly changing technology landscape. Less than
two decades after Newsweek published an article
titled The Internet? Bah!, online marketing is a crucial
component of most marketing plans.
To understand how quickly technology is changing,
consider that just 10 years ago social media platforms
Facebook and Twitter were not even around. Today,
more than a billion people have Facebook accounts and
Twitter boasts more than 500 million registered users.
To keep pace, a growing crop of tools has been
introduced to marketers, including CRM, data
analytics, content marketing, email marketing and
search optimization, to name just a few.
Marketing technology providers are tasked with
breaking through all the clutter and reaching marketers
with tactics and messages that will get noticed. It may
be surprising, then, that traditional lead generation
practices are very successful in reaching this target.
What works when selling to marketersLead generation best practices for marketing technology and services vendors
Marketers are more receptive than many professionals to lead generation efforts
That’s where this white paper comes in. LeadJen, a
B2B lead generation company, studied how marketers
respond to appointment setting tactics, and has
developed best practices for selling to marketing
professionals. The study found that:
• Marketers are 25 percent more receptive to lead generation efforts than most professionals.
• Certain lead generation efforts are very effective in reaching marketers and driving sales revenue.
• Marketers consume information uniquely and have preferences in how they respond.
This white paper will discuss the findings of
the LeadJen study and offer best practices for
selling to marketing professionals.
All industries:
All industries:
Marketing Marketing
2.0% 4.0%2.5% 4.5%
Appointment per lead Appointments per account
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LeadJen Marketing White Paper
Study Methodology
LeadJen reviewed records for lead generation
campaigns targeting lists of marketers over a three
and a half year period, from 2010-2013. These records
included 1.45 million outreach attempts, including
both phone calls and emails.
The campaigns included more than 20,000
conversations with marketing professionals, and
generated 830 appointments resulting in nearly $4.8
million in revenue generated.
Key Findings
Marketers are more likely to respond to lead generation efforts than other professionals.
In this study, the average connect rate for lead
generation efforts directed to marketing professionals
was 13 percent. That’s 8-30 percent higher on average
than other professions.
This doesn’t mean that marketing professionals are
necessarily easier to reach by phone. What it does
show is that marketing professionals who are not
reached live by phone are more willing to respond
either to an email or by calling back when a voice
message is left.
This willingness to respond may be due to marketers’
unique understanding of what goes into a campaign.
Since marketers design lead generation programs, and
are used to being marketed to themselves, they are
more likely to respond.
Email is particularly effective in reaching marketers.
A common lead generation practice is to continue
calling targets until reaching a point of diminishing
returns. While every industry is different, a rule of
thumb is no more than eight calls.
Who responds to lead generation campaigns?
Other professions Marketers
10-12%13%
How appointments are set
Inbound response via
20%
Inbound response via
phone call
14%
Follow up email or call
13%
Outboundcalls
53%
However, when targeting marketers, email is a
particularly effective tactic, resulting in a whopping 20
percent of appointments set with marketers.
When targeting marketers, a good practice is to start
with a maximum of three email and call combinations.
Appointments typically are set with the first call and
email combination, and then drop off significantly.
Making more than three phone calls isn’t productive
with marketers.
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LeadJen Marketing White Paper
Marketers are quick to say no. Professional persistence is important.
Because of the growing market for technology
solutions aimed at marketers, marketers tend to get
a lot of phone calls. A by-product of this is a tendency
to quickly brush off the caller. We call these “hasty
nos” because the marketer may not even completely
understand the option they’ve discarded.
However, lead generation campaigns that are
professionally persistent pay off with sales down the
road.
template email saves sales reps time and makes this
extra step highly profitable.
If after sending a follow up email the prospect doesn’t
respond, it’s a good practice to keep the name on your
list but to focus time and energy on other targets.
These names can be retargeted with another campaign
using any additional information callers have been
able to discover to help make the next campaign more
targeted.
Messaging is critical to break through the noise.
When a marketer receives a sales call or email, they
tend to break them into categories: technology, public
relations, promotional companies, etc. If they don’t
have a need based on one of these categories, the
solicitation is quickly discarded.
Messaging is critical to making a phone call or
email stand out. A good message will show that you
understand the prospect’s business; have insight into
the companies, brands and technologies they already
work with; and will demonstrate how your company
complements or compares to these companies.
Some of the most successful messages position against
other brands without necessarily selling against those
brands. For example, a marketing technology company
can reference an industry leader, such as Salesforce.
com, to demonstrate how the technologies can work
together. The assumptive statement is a jumping
off point for a conversation, even if the prospect
doesn’t use Salesforce.com, and gives the sales rep an
opportunity to gather even more intelligence about
the prospect for future campaigns.
Lead generation campaigns that follow up a “hasty no”
response with an email often can snag an appointment.
In the study, 13 percent of all appointments set came
from an email sent to a target after a “hasty no”
response.
That 13 percent translates to almost $700,000 in revenue.
Follow up emails work because they give the prospect
more time to think about the message. Setting up a
How appointments are set
2 calls
11%
3 calls
6%
4-6 calls
5%
1 call
31%
Inbound response
34%
Follow up call/email
13%
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LeadJen Marketing White Paper
Sample calling script:
We work with marketing executives in
organizations that use Salesforce.com and
are being challenged by sales management to
improve rep adoption and gain better insight
into prospecting activity. With our solution,
marketers can answer what is or isn’t working
with prospect lists, messaging, calling cadence
and rep performance – increasing productivity by
over 50% and improving conversion by 20%.
Midweek, midday is the sweet spot.
The day and time that lead generation efforts are
conducted can play a significant role in the success
of the campaign. While it’s always best to test to
determine the best day and time to reach prospects,
our study provides some insight.
The best day to set an appointment with a marketer is
Tuesday; the worst is Friday. This makes sense when
considering that Fridays and Mondays frequently are
part of long weekends, and Mondays often are the
days that marketing teams meet to plan their week.
The best time to set an appointment is 2-3 pm Eastern,
which brackets the lunch hour in all U.S. time zones.
Marketing executives are more likely to be at their
desks catching up on email and social media before or
just after their lunch break.
The worst times to call are before 9 am and after 5 pm
Eastern.
Contact LeadJen 1311 West 96th Street, Suite 250, Indianapolis, IN 46260 Phone: (877) LeadJen LeadJen.com
Across the globe, LeadJen has developed partnerships and supplied services that increase sales growth through database building,
marketing campaigns and appointment setting. These advances enable any company in any industry to improve marketing campaigns
and grow sales revenue. LeadJen is consistently blazing past phenomenal benchmarks of appointment generation and pipeline growth.
Appointments set by day
Appointments set by time (Eastern time zone)
Monday
17%
Tuesday
30%
Wednesday
20%
Thursday
20%
Friday
13%
Summary
Marketers are challenged more than ever to keep
up with changes in the industry, which can present
both challenges and opportunities to lead generation
campaigns. While marketers are looking for solutions
to help them perform their jobs better, getting through
to them can be difficult. Understanding the best ways
to reach marketers can significantly increase the
success of a lead generation campaign.
14%14%
9%
8%2%
12 % 16%
10%
10%
5%