What is Pipeline Marketing

37
WHAT IS the story of how Bizible marketing became accountable to revenue generation PIPELINE MARKETING?

Transcript of What is Pipeline Marketing

Page 1: What is Pipeline Marketing

WHAT IS

the story of how Bizible marketing became accountable to revenue generation

PIPELINE MARKETING?

Page 2: What is Pipeline Marketing

It’s why our marketing team now works toward one goal: revenue.

Pipeline Marketing is our strategy for revenue growth

Page 3: What is Pipeline Marketing

As marketers, we didn’t always optimize for the most-important metric.

Page 4: What is Pipeline Marketing

The metrics we were reporting didn’t allow us to persuasively prove the value of our marketing spend...

Page 5: What is Pipeline Marketing

Fellow marketers experienced our conundrum, but didn’t

know how to fix it...

...We didn’t either.

Page 6: What is Pipeline Marketing

What channels do

our customers

come through?

Burning questions we were asking ourselves…

How can we better target audiences?

Which marketing tactics had the most impact?

Page 7: What is Pipeline Marketing

We really needed to know which marketing strategies were generating revenue for the company.

Page 8: What is Pipeline Marketing

So we went looking for a solution...

Page 9: What is Pipeline Marketing

We tried two things:

1Measure our marketing performance by:- opportunities created- revenue generated- new customers closed

Page 10: What is Pipeline Marketing

We tried two things:

2Collect and use data from the entire funnel when making decisions.

Page 11: What is Pipeline Marketing

Using metrics like...

Revenue by channel Revenue by lead sourceOpportunities by keywordOpportunities by channel

… helped us prove our impact on the bottom line.

Page 12: What is Pipeline Marketing

Using these metrics convinced us of three things...

1. Lead generation should not be our only focus.

2. Marketing doesn’t make sense without a clear connection to revenue and sales.

3. Using and optimizing for top-of-funnel metrics only gives us half the picture.

Page 13: What is Pipeline Marketing

We were shocked by what we learned.

Page 14: What is Pipeline Marketing

Marketers often optimize for the wrong KPI’s.

Getting to know this story…

leadspageviewssocial sharesemail open rates

Lead Conversion

MarketingQualified

SalesQualified

Page 15: What is Pipeline Marketing

...when they should know this story.

opportunitiescustomersrevenue

Lead Conversion

MarketingQualified

SalesQualified

Sales Opp

Customer

Page 16: What is Pipeline Marketing

We realized just how strange marketing sounds without a clear connection

to sales and revenue.

Page 17: What is Pipeline Marketing

Hello, I am a

marketer and

I help grow

companies.

Imagine explaining marketing to aliens...

Ooooooo….How do you

prove the value you create?

Page 18: What is Pipeline Marketing

With pageviews,

bounce rates, &

visit duration

metrics!

Imagine explaining marketing to aliens...

…………….

Page 19: What is Pipeline Marketing

Imagine explaining marketing to aliens...

I’d rather talk to the sales team. They actually make money.

Page 20: What is Pipeline Marketing

Top-of-the-funnel metrics are still useful, but there’s so much more that can be done today...

- more touchpoints- more customer decisions- more content- more channels- more testing

Understanding the customer journey is tough…

...but it’s more important than ever.

Page 21: What is Pipeline Marketing

When marketers can't see a buyer's journey from beginning

to end, they're unable to optimize their marketing dollars

to generate more customers.

Which might be why….

Page 22: What is Pipeline Marketing

Only 1 in 5 marketers earn top marks from the

C-Suite for their ability to prove their value and

contribution, compared to 1 in 4 marketers in

prior years.- Marketing Performance Management, 2015

Page 23: What is Pipeline Marketing

Only 1% of leads turn into revenue for the

average company. And top performers don’t even

get to 2%.- Forrester

Page 24: What is Pipeline Marketing

Only 25% of leads are legitimate and should advance to sales.

- Gleanster Research

Page 25: What is Pipeline Marketing

61% of B2B marketers send all leads directly to

Sales; however, only 27% of those leads will be

qualified.- MarketingSherpa

Page 26: What is Pipeline Marketing

61% of B2B marketers send all leads directly to

Sales; however, only 27% of those leads will be

qualified.- MarketingSherpa

Ah, thatsucks!

Page 27: What is Pipeline Marketing

Pipeline marketing focuses on a comprehensive view of the sales funnel, making decisions based on on the final stage -- revenue.

It’s about optimizing all aspects of marketing to widen the funnel at every stage to maximize growth.

Lead Conversion

MarketingQualified

SalesQualified

Sales Opp

Customer

Page 28: What is Pipeline Marketing

Pipeline Marketing took three steps:

1. Connect sales and marketing data

2. Measure marketing’s performance based on customers and revenue.

3. Expand every stage of the funnel using bottom-of-the-funnel data.

Page 29: What is Pipeline Marketing

And answered some important questions...

How much better are we at acquiring new leads customers?

Page 30: What is Pipeline Marketing

And answered some important questions...

When can we expect leads revenue from our marketing campaigns?

Page 31: What is Pipeline Marketing

And answered some important questions...

Can we show our impact and contribution to the bottom line?

Page 32: What is Pipeline Marketing

Pipeline marketing helped us make important distinctions.

Lead Generation

Contacts creation

Top-of-the-funnel focus

Slows sales

Less efficient budget

Excludes conversion marketing such as

retargeting and nurturing

Pipeline Marketing

Revenue creation

Full - funnel focus

Accelerates sales

More efficient budget

Includes conversion marketing such as retargeting and

nurturing

Page 33: What is Pipeline Marketing

Most importantly, we showed how much value we generated.

We started using the same metrics our sales team was using to measure our performance.

This inspired our organization to make a

complete shift to a Pipeline Marketing strategy.

Page 34: What is Pipeline Marketing

Other organizations have found success, too.

75%said sales and

marketing were more aligned

5xhigher lead to opportunity conversion

87%increased

marketing ROI

Page 35: What is Pipeline Marketing

And that’s Pipeline Marketing.

Page 36: What is Pipeline Marketing

Who else is doing Pipeline Marketing?

Page 37: What is Pipeline Marketing

Join us in the Pipeline Marketing

RevolutionLEARN MORE AT BIZIBLE.COM