This just-released interview in Sales & Marketing magazine between the EVP of Miller Heiman and Brian Carroll (author of the book “Lead Generation for the Complex Sale” ) makes for good reading for marketers facing the “not enough leads” scenario.
When asked what the common pitfalls are in getting sales and marketing working effectively together, Brian points out that high level consulting and reoganisation is no substitute for a joint go-to-market strategy and getting on with it. “Companies sensing the need for cooperation and teamwork sometimes believe they can perform miracles by reorganizing the sales and marketing departments. But, really what matters most is having everyone on the same page, integrated and viewing each other as pro forma customers.”
He goes on to suggest that it’s often not lead generation that’s the issue, it’s the handover of too many “non-ready” leads which stop salespeople from focusing on the really good ones.
“Ask most executives what salespeople need to help them sell and they will say, “More leads.” I’d say your salespeople don’t want more leads. They want more effective selling time. In my experience, the average sales force spends around 20% of their time actually doing productive selling (up to 40% if you’re great). Don’t get me wrong, lead generation is still extremely important to salespeople. But we need to realize that the extreme time pressure salespeople face—especially those with a complex sale—requires them to ignore “early,” “is not immediately relevant,” and [focus on] ”highly likely” to produce revenue.”
We call this the “knee jerk” effect – short termist campaigning built without a long term, continous approach and no central (and jointly agreed with sales) data or content assets. it produces a quick flow of poor-quality or unready leads. By investing in lead generation for the long term you get a more controllable flow of sales-ready leads, and sales people with more time to spend on selling.
It’s not a quick fix… but the investment in the data, content and joint working approach will bear fruit in the long term whilst driving down marketing costs and increasing reputation and awareness.
A point to note: Miller Heiman’s industry reports, based on their 2008 Sales Best Practices Study, are worth the (free) registration to download. Opportunities to Achieve Revenue Growth in the Technology Industry and Business Services Sales Organisations: Catalpulting off Previous Successes are especially relevant for readers of this blog and feature some interesting sales best practices that marketers can align with.
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