Smartforms-Funnel-Annotated-v3-011713
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Transcript of Smartforms-Funnel-Annotated-v3-011713
1340 LEADS
6%
1000 LEADS
SALES QUALIFIED LEADS
CLOSE
SALES QUALIFIED LEADS
$295K$105K
REACHFORCE SMARTFORMS FUNNEL TYPICAL FUNNEL34%INCREASE
1 DAY100% of customers have expedited lead qualification
MQL/SAL*
80
35% CLOSERATE 30%CLOSE
RATE
50SALs SALs
5%MQL/SAL*
OPPORTUNITY CONVERSION75% 70%NUMBER OF OPPORTUNITIES
REVENUEREVENUE
PIPELINE
60
$844,200 $350,000
35
AVERAGE DEAL SIZE$14,000 $10,000
FEW FIELDS =MORE LEAD CONVERSIONSINQUIRY INQUIRY
20 DAYS MARKETING / LEADSMARKETING / LEADS
*Qualification completeness and accuracyof data drive increase in MQL
SALES QUALIFICATIONSALES QUALIFICATION
Reduced Lead Latency (Speed) and Message RelevanceIncreases Opportunity Conversion
Webtrends' average deal size grew 40% with SmartForms
SPEED MATTERS – AND CLOSES MORE SALES
"Today’s buyers might be anywhere from two-thirds to 90% of the way through their journey before they reach out to the vendor. For many product categories, buyers now put off talking
with salespeople until they are ready for price quotes."- Lori Wizdo Forrester, 10/14/2012
CLOSE
FINALLY, A SMARTER WAY TO CONVERT
GET A BIGGER FUNNEL WITH REACHFORCE SMARTFORMS© 2013 ReachForce
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1. Marketo, a 2nd year, high volume SmartForms customer, recognized a 34% increase in inbound leads through shorter forms and SmartForms real-time appended data
2. Marketo provided a summary of their customer research that states a five-minute lead response yields four times the likelihood to qualify vs. a 10 minute response, and a staggering 21 times than after 30-minute wait.
3. SmartForms customer, WebTrends, compressed progressive profiling qualification from 20 days to one day.
4. More gross leads yields more gross SALs which yields more gross opportunities
Comparing a typical funnel of 1000 marketing leads to a funnel powered by SmartForms, the image above demonstrates the contrast in value a customer can actualize through SmartForms
5. SiriusDecisions says increasing the productivity of salespeople yields more opportunities, shorter sales cycle, larger deal size and higher win rates.
Faster handling speed = fewer lost deals. With a conservative ReachForce estimate of 17%, close rates increase from 30 to 35%.
6. ReachForce projects 7% increase in opportunity conversions due to expedited lead hand-off captures more buyers still considering purchase
SmartForms customer Webtrends recognized a 40% increase in pipeline per quarter with increased deal sizes