Tag: ITSMA Research

There is no social media strategy, only marketing strategy

February 24, 2010 by Chris Koch

: Image via Wikipedia

I’ve been working with my colleagues at ITSMA on another survey on social media for B2B marketers that I hope you’ll take by going here.

As we put together the questions, we struggled with the issue of social media strategy. I resisted treating it as a standalone in the survey. I’m hoping that all the articles, books, and blogs I’m seeing that look at B2B social media strategy in isolation are a function of our excitement over this new channel (and don’t get me wrong; it is really, really exciting).

I’m also hoping that the excitement (and the needs of social media consultants and authors to drive their businesses) will not drive us to distraction. B2B marketing lays the path to a sales discussion and supports relationships with existing customers. Social media is another channel—one of many—for making the connection and building the relationship with customers.

Social media is no silver bullet. Other channels are more effective for reaching high-level B2B buyers—and that situation may never change. I say this even after discounting ITSMA’s recent research showing that marketers don’t see social media as being very effective components in their marketing strategies. It’s clear that social media are still new and most B2B marketing groups haven’t gotten the hang of them yet. It’s too early to reach any definitive conclusions on effectiveness.

It’s tempting to say that because B2B sales are highly dependent on relationships, social media will eventually reign supreme. But I think the nature of B2B makes it harder for companies and customers to have a satisfying relationship that’s entirely virtual than it is for B2C companies.

We all know that B2B decisions take a long time and are made by committee and logic rather than individuals and impulse. It’s hard to imagine that kind of a complex, long-term, multi-person relationship ever happening entirely or even mostly in social media. At the C-level especially, face-to-face remains the killer app for everyone involved.

What’s been proven to work in B2B is for marketers to reach out to prospects with smart, engaging, educational content that leads to trust. The trust leads to a more personal relationship and hopefully, a purchase.

Looking at social media in isolation distracts us from the real revolutionary trend, which is that marketing strategies need to shift to an emphasis on content and relationships.

Social media simply makes starkly plain what we’ve known for some time but haven’t had to face yet: We don’t have a lot of content capable of generating trust and relationships.

Trust comes from buyers deciding that providers are as interested in their concerns and needs as they are in selling stuff. The only way we can do that is by providing a range of different content—thought leadership, news, education, training, support—in a range of different channels—events, white papers, communities, private meetings—at all phases of the buying cycle.

If you look at social media in isolation, you’re not going to see the larger strategic issues until they slap you in the face—blogs with nothing to write about; LinkedIn groups with no substantive conversation; Twitter streams that link to nothing but brochures and press releases.

That’s why I’d love to see the social media conversation turn more towards integrating social media into the overall marketing mix and arming marketers with the additional skills they need to make it happen. It’s why I left strategy and metrics out of the four components of social media management. The strategy is a marketing strategy and the metrics should happen across everything you do. I’m trying to get at the issues of integration in our survey, and will report on our findings.

What do you think? Are we overemphasizing social media strategy at the expense of overall marketing integration? Please let me know.

Social media isn’t enough. We need a marketing transformation. (christopherakoch.com)
Why B2B marketers hate social media (christopherakoch.com)

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Tags: B2B marketing, Business, Business-to-consumer, ITSMA Research, LinkedIn, marketing, Marketing and Advertising, Marketing Strategy, Mass media, social media strategy, Twitter
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Social media isn’t enough. We need a marketing transformation.

January 15, 2010 by Chris Koch

During one of the first few days I went to work at CIO magazine in 1995, I had what we called a “vendor visit”—one of many I would have in the coming years. The idea behind the visits was to avoid having us journos become isolated in our ivory tower. We needed to hear from marketers who were out there day-to-day listening to CIOs’ problems and aspirations. Plus, many were advertisers, so the visits made it seem like we weren’t completely ignoring what they had to say.

But mostly we were.

Back then what marketers had to say was all about their offerings. And why not? The IT industry was on fire and the stuff was flying out the doors. Marketers and salespeople didn’t have to do much coaxing to get CIOs to buy, so why get complicated?

But a quick read of our magazine showed that we didn’t write about products. We wrote about the typical concerns of a C-level executive, such as strategy, leadership, organizational design, and change management. Kind of a Fortune magazine for IT executives.

Bibles, vacuums, and boxes
But the vendors had little need to engage with CIOs at that kind of level. And the guy that showed up to see me that day was a representation of the times. Big, stony-faced and intimidating, with a lapsed football player’s gut and a big school ring buried into one of his fingers. He wasn’t a marketer, but he had been sent by a marketer, who hadn’t bothered to accompany him or even send an agency PR person for translation and kind supplication. So much for hearing about the latest strategic trends affecting CIOs.

This guy was a salesman. Could have been bibles or vacuum cleaners, but they didn’t need sales guys for that stuff anymore. They needed guys to take orders for these boxes. He swung his expanded briefcase up onto the table, pulled out a media kit bulging with press releases about speeds and feeds and plunked it down on the table in front of me. “That’s for you,” he said. Then he launched into a pitch, delivered in a tone and with an expression that made it clear that this time could be money in his pocket if it wasn’t for me.

For my part, I made sure I conveyed the same body language, while choosing the chair nearest the door. I counted the minutes (these things go even more slowly when you have to listen).

Michael Jordan and the baseball bat
When it finally ended he said something that I’ve never forgotten. As he grandiosely snapped the buckles on the briefcase and dragged it off the table, he snorted, “CIO magazine, huh? Why don’t you have CIOs writing it?”

At that moment, I realized that I wasn’t just wasting his time. In his mind, I shouldn’t even have been working there. Given my minimal knowledge of IT at the time, I guess he had a point.

But it was clear that he had no concept of how difficult it is to write clear, compelling content about complex subjects. Assuming CIOs would be willing to accept the pay cut, and smart and determined as they are, I’m certain that few have the talent for or interest in the publishing process.

What am I paying for?
Marketers today are in the same position I was with that sales guy in 1995: Wondering how to explain the value and difficulty of creating clear, compelling content about a complex subject.

Except that today many of those sales guys are gone. Today, more salespeople are able to have business and strategy discussions with customers and take the time to listen to their needs. Thus, their skepticism becomes sharper and more justified. If I can do all this in a sales call now, why do I need you?

At ITSMA, we’ve seen investments in the things that we used to identify as the key contributions of marketing—like advertising, brochures, events, and trade shows—shrink consistently. And today we’re seeing marketing budgets as a percentage of revenue dipping to their lowest levels ever—at or below 1%.

Businesses are asking if you’re not doing all these things you used to do anymore, why should I give you more budget? And if I do, what am I paying for?

The model needs transforming
Pledging to do more with social media isn’t the answer. What we need to be telling the business is that we’re going to transform marketing completely. Getting into social media really means getting into publishing. It means creating a constant stream of idea-based content that keeps buyers interested and engaged. That’s hard, and it means a real shift in skills for many marketing departments.

I think the suspicion that we see of social media, which is justified, is mixed with fear. Let’s identify that fear so that marketers will have an easier time making the transition. I think it’s fear that the hardest aspect of marketing, content development, is ascending to become marketing’s most important role, as advertising, traditional PR, and events shrink and fall away.

The content engine
Marketing departments are going to have to transform themselves into content development engines. And just as important, they are going to have to sell the value of that engine to their businesses to prevent further cuts to the budget. As McKinsey consultant David Edelman said at the ITSMA annual conference last November, we can’t make social media an add-on to a system that isn’t adding the value that it once did. We need to look at how to do things differently.

Here are some of the key aspects of that transformation:

Marketing is becoming data. We couldn’t measure the effectiveness of ads in the old days, but the CEO saw the ads and signed off on them, so that made it okay. We couldn’t measure the effectiveness of events and trade shows, but sales people saw the crowds at the booth and the bar and so it didn’t matter. But as we shift to a content focus, it is all online and its impact is invisible. There is no visual, visceral confirmation of its impact. But a white paper isn’t just content; it is data. It can be tracked and measured.
Automation creates metrics. We tear our hair out trying to devise metrics that we can’t report on because we don’t have the data. If we automate the processes that matter, the metrics we need will be staring us in the face.
The funnel becomes electric. The impact of our content will be visible if that content is linked to an automated, closed-loop lead process. Getting agreement with sales on a sales-ready lead is critical. And with all the SaaS-enabled software available today, there’s no excuse for not automating the lead management process—at least up to the point where marketing hands over sales-ready leads. You don’t even need to involve IT anymore. And the excuse that these systems don’t integrate with old CRM systems is becoming less and less valid. If the vendors can’t help with the integration, IT can. Marketing needs a better relationship with IT.
Content creates relationships. It isn’t enough to develop idea-driven content and ship it out; we have to redesign the creation and dissemination processes so that readers are lured into conversations and relationships. This is where social media tools are helpful. But developing and disseminating content that builds relationships—think publishers and subscribers—takes different skills.
Buyers become approachable. After consolidating their power for years through internet search, B2B buyers are beginning to emerge from behind their firewalls and show up in places where marketers can find them. We have to meet them halfway. That requires a culture shift in the company and new skills for marketers and employees.
PR becomes conversation. We’re all PR now. Employees, subject matter experts and marketers all need to represent the company, but in a way that is transparent, constructive, and cordial. PR people meanwhile should use their thick skins and relationship skills to help build the conversation in social media. But it means shaking up the PR department and our relationships with PR agencies.

At ITSMA, we’re calling 2010 the year of marketing transformation. We wouldn’t use such grandiose terms if we didn’t see a real need for change. When she saw the trend in the numbers that we prepare our annual budget study, my colleague Julie Schwartz asked an important question: “Do we want to spend another year doing more with less? Marketing has to do things differently.”

We’re going to offer more specific on how marketers should make this transformation backed up by selected data from the 2010 survey at our webcast, The Year of Marketing Transformation: ITSMA’s 2010 State of the Profession Address on January 26.

In the meantime, do you agree that marketing needs a complete transformation? If so, how would you do it?

Advanced Lead Nurturing Tactics with Ardath Albee (slideshare.net)

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Tags: Add new tag, Advertising, B2B marketing, Customer relationship management, ITSMA, ITSMA Research, Marketing and Advertising, Marketing Automation, Marketing Processes, Marketing Strategy, Sales, social media strategy, Software as a service, Thought Leadership
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Why B2B marketers hate social media

December 18, 2009 by Chris Koch

In a recent post, I offered some hard research data to support the growing importance of social media to B2B. But this time I want to address the legitimate concerns that ITSMA clients give us when we talk about the wonders of social media. The case for social media isn’t just about showing how buyers are flocking to social media. It’s also about addressing the very real concern that in a time of stretched budgets and lean staffs, social media becomes yet another channel to manage.

What’s really different with social media?

The End of Control
The biggest difference between social media marketing and other forms of marketing is control. Most marketing channels are focused on broadcasting tightly controlled messages to audiences that have little opportunity to talk back.

Social media is different. The focus shifts from messages to conversations. And those conversations cannot be controlled. Giving up control of what is being said about your company is difficult for most marketers.

But it becomes less difficult when we realize that we never had control of these conversations in the first place.

When buyers engage their most important sources of information—their peers—most of those conversations (90%, according to a study by Walter J. Carl, assistant professor in the Department of Communication Studies at Northeastern University) occur in private, far from the ears—and control—of marketers.

A loss of control is nothing to mourn when it was illusory in the first place.

Instead, we should be celebrating a new opportunity. Social media is a way to influence those peer conversations by monitoring them, engaging in them, and managing them through peer-based communities.

Why B2B?
The first hurdle for B2B marketers in developing a social media strategy is presenting a case for why their companies should be involved in social media at all. Social media seems better suited to B2C, with its larger scale and simpler buying process.

B2B companies have fewer, more complex customer relationships and are often conservative and protective of those relationships. With good reason. B2B customers tend to be high on the executive ladder and are usually reluctant to discuss their business strategies in public forums. And while B2C marketers can use social media as a cheap channel for running promotions and driving sales, for B2B, social media does not provide a magic link to sales.

But of course, no B2B marketing strategy does that. B2B marketing lays the path to a sales discussion and supports relationships with existing customers. Social media is another channel for making the connection and building the relationship with customers.

The most important factor in the growth of social media is its potential for collaboration. The most trusted information source for buyers has always been each other. As more buyers participate in social media, and as the tools and possibilities for collaboration continue to improve, social media is becoming an indispensable channel for marketers to help buyers find one another and market to them.

But social media is by no means a silver bullet. It is a new and invaluable channel, but it is not effective unless it is integrated with other marketing channels. ITSMA research shows that B2B marketers are most successful when they use social media to drive prospects and customers to more “traditional” marketing channels such as the website and events.

Yet while social media should not become a separate silo within the marketing organization, it does require some new skills and thinking. For example, it requires a change in the culture of the company—which must accede to social media’s demand for more openness and less control over conversations with customers. Social media also comes with new rules of engagement for both marketers and employees, who will need to become spokespeople for the company and its brand.

Developing these new skills and ways of thinking takes time. This is why every B2B company should be moving into social media to start the process of building the skills and making the broad cultural changes needed to make social media work.

What do you think?

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Social media strategy for B2B: what’s required and what’s optional

November 13, 2009 by Chris Koch

Despite all the breathless hype about social media these days, what I hear most from B2B marketers is frustration. Most of the marketers I talk to are trying to reach a few top executives in big organizations who make buying decisions about big, complex products and services. For these marketers, the pool of customers and prospects is small and many of them do not want to engage publicly in social media or are simply ignoring it altogether.

ITSMA research shows that there are other ways to reach these people that are much more effective than social media, such as small, thought leadership-based events, content-rich websites that are optimized for search, and robust reference programs, to name a few. For these target executives, peer relationships are everything, but for now anyway, most of those relationships are happening offline.

For many companies, this translates into a wait-and-see approach to social media.

I think that’s the right decision—up to a point.

For these companies, there is little reason to twitter into the wind. If you’re strapped for resources (who isn’t?) and you can invest in other things that are more effective for reaching your target audience.

But the mistake I think many companies make is assuming that if there is no reason for actively marketing the company through social media then there is no reason to invest in a social media strategy.

I think that’s short sighted.

Here’s why: In marketing, we have a traditional bias towards being active. After all, that’s how we’ve always done it. We push messages out and try to stir up attention. We could control the public conversation because our audience had few public outlets for giving or receiving information. But social media is a vast public platform where eventually the conversation is going to get around to our companies—if it hasn’t already.

So even if there is no reason to have an active social media strategy, there is every reason to have a passive one. By that, I mean monitoring the cacophony of public conversation on the web to determine whether any of it is applicable to your company—and if it is, what you should do about it. This is why every B2B marketing leader needs a social media participation strategy even if he or she does not intend to actively market through social media.

I divide participation strategy into three pieces (I go into each in more detail in this post):

Monitor. Listen for conversation about your company or about relevant issues for you and your customers.
Engage. Develop a strategy for responding to customers and influencers who talk about your company or relevant business issues.
Manage. Decide whether to take an active role in creating conversations and fostering a community.

Though I will probably get some arguments about this, I think the participation strategy is a linear process—i.e., you need to know how to monitor well before you can engage well, and you certainly need to know how to engage well before you can start building community.

We have reached the point where monitoring is an absolute requirement in any B2B marketing strategy. Even if it doesn’t seem that your customers and prospects are actively conversing on the social web, you need to confirm that fact. And even they aren’t talking, there’s no doubt that someone is having a relevant conversation about business issues that are important to your customers—and that you should be monitoring.

This week, Jeremiah Owyang published a great framework of things that marketers have to do to listen well—including a list of vendors who help marketers listen. The only disagreement I have with his framework is that it is about more than listening. Stages 1-3 of his framework are true passive listening and every B2B marketing group should be doing them—regardless of whether they decide to actively market through social media.

But moving from stage 3 to 4 is moving from passive to active participation. There’s a chasm there that many B2B marketers are unwilling to cross. It seems companies are comfortable (in theory if not yet always in practice) up to Stage 3 but beyond that they are terrified. They see the resource commitment ramping up and the potential for mistakes (risk) amplified because now they have to actively engage with people in social rather than just track and listen.

And there’s good reason to be terrified. As effort increases, resource allocation and ROI become issues. Larger companies can shift budget from dying categories like advertising and trade shows into social media without affecting other programs, but many smaller companies never had much budget in those areas to begin with. So social media becomes a larger strategic decision that some would just rather not make right now—so they don’t do anything.

I think we need to parse that decision more. Listening is a requirement, but active participation remains optional.

What do you think?

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Tags: B2B marketing, ITSMA Research, social media strategy, social media technology
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Want proof that the C-suite is into social media? Here it is.

October 30, 2009 by Chris Koch

There are two rivers of content at conferences. One is the river of planned content—the conference theme, the presentations, etc.; the other is the river of conversation that flows through the event at breaks, meals and receptions. This is where you get the dope on the shared challenges of the attendees.

We just wrapped up our ITSMA Annual Marketing Conference this week and the strongest current driving the river of conversation was social media. Specifically, frustration over how to use social media to reach the C-suite. Most of ITSMA’s clients are B2B marketers from big technology companies that sell big, complex products, services, and solutions. That means that the people buying those services—or at least playing a key role in the decision—tend to be high up on the corporate food chain—the C-suite or just below.

These are not the people we imagine Twittering about their need for complex enterprise IT services. In fact, it’s hard for most of us to imagine these people using social media at all.

CEOs Use Social Media More than Other Buyers
And yet our latest annual survey of 355 buyers of complex IT solutions, How Customers Choose Solution Providers, 2009: The Importance of Personalization, Epiphanies, and Social Media, shows that the door to the C-suite is opening up. (You can download an abbreviated summary here.)

We found that usage of social media among IT and business buyers of technology rose 50% over last year and finally pushed to majority status—55% said they use social media as part of the technology buying process in 2009 versus just 37% in 2008. More importantly, we found that executives in large organizations use social media more than in smaller organizations, and that C-suite executives actually use social media more than their lower-level buying peers. Just 15% of CEOs and directors said they did not use any form of social media at all, while 34% of manager/directors and 26% of VPs/Assistant vice presidents said they ignore the stuff.

This has big implications for marketers. It means that social media is taking hold within your biggest, most valuable accounts at the highest levels. Sounds like a business case for investment to me.

Another surprise was that the big shots use all of the different social media tools pretty evenly. However, CEOs did show a specific preference for the range of social networking sites—LinkedIn, Facebook, and Plaxo—over Twitter or blogs.

Use Social Media to Drive Peer Connections
This makes sense when you consider what our IT buyers have been telling us for years: that their peers are by far their most preferred and trusted choice for information during the buying process. This year, our research showed that most buyers go to colleagues inside their own companies for referrals of people to talk to about a purchase. No doubt, they would like to expand that circle beyond the company—30% say they rely on peers from councils and communities they belong to, and 29% say they speak to colleagues at other companies for referrals.

Right now, I have to believe that the biggest potential for social media within this elite audience is as a tool for expanding the circle of trusted peers that they can call upon when they’re about to make a big purchasing decision.

What do you think?

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Want to launch a new product or service faster? Do some research.

September 25, 2009 by Chris Koch

I helped host an ITSMA round table this week and a near universal complaint from our B2B technology clients was how difficult it is to launch new services in a fast, efficient way. One client summed it up by saying that there are two points of resistance in the process of bringing new things to market. The first comes at the beginning of the process—the “why” battle—where everyone takes pot shots at the new idea. The second comes after everyone signs off on the new offering and they are suddenly confronted with all the things they need to do to make it happen—the “how” battle. The organization goes into a kind of collective amnesia as all the interested parties begin denying that they ever wanted to have anything to do with this misguided thingamajig—what’s it called again?—and complain about not having the resources or the time to make the proposed launch date.

Put more energy into the first battle
Our client said that in the past he has devoted most of his energies to the “how” battle because his company prides itself on seamless delivery. However, this week he said he was going to shift his strategy. “I’m convinced that we put so little into the first battle that we end up spending way more time and money on the second than we need to,” he said.

In other words, companies start trying to deliver new products and services before they’ve adequately answered all the questions about whether this new thing is something customers actually want, whether it’s something that salespeople can actually sell, and whether it is something that operations can actually deliver at a reasonable cost.

Stop relying on human nature
The biggest reason for this lack of investment at the front end is human nature. We’re optimists at heart, and we like to trust that past success will lead to future success. We also like to trust our own instincts and experiences as useful guides. And we don’t like to spend a lot of time weighing our decisions before taking action. Makes us feel weak.

But of course, all we can really ever trust is the data. Good data, that is.

Talk to the right people first
By good data I mean taking a comprehensive research approach during the “why” stage. When we’re thinking about new offerings, we need to consider all the pieces of the business that will be affected by the decision—from customers, to operations, to strategy, to profitability—and factor them into the research.

We need to make sure that we gather the opinions of all the different constituencies that will be affected by the decision. Important stakeholders need proof, through research, as to whether their own experiences, views, and hunches are borne out by the facts. Otherwise, they will fight tooth and nail during the “how” stage because they haven’t really bought into the idea that the new thing is necessary, nor do they want to change what they are doing to accommodate it.

This is why the second fight takes so much time. Those who resist keep going back to the “why” argument and point out that there was never convincing evidence that we needed this new thing in the first place. Meanwhile, the backers of the new thing are convinced that the organization has already invested too much time and money into getting this far and that it’s too late to turn back now. Resistance hardens and it takes much more time and resources to actually implement the new thing—meanwhile, no one’s really sure if it will succeed or not.

It’s tough to work your butt off on something that you’re not sure about. That’s the nut of the problem in delivering new services. Instead of focusing on design and delivery, we’re still wondering—and fighting about—whether what we’re doing is worthwhile.

Do research early and save money on the second battle
It seems like a waste of time to stop and ask everyone what they think before plunging ahead with new offerings, but it will save money in the end.

In working with our clients, we’ve found that it’s particularly important to survey both customers and employees when developing an important new service, because it allows you to put the “why” argument to rest using objective data. You can compare employee perceptions about customer needs and the potential new service with the perceptions and needs of the customers themselves. What a concept, huh?

Now getting customer input isn’t as simple as asking them what they want and then delivering it to them. You need to balance their wants with their willingness to pay for those wants and your ability to deliver on them for a reasonable cost. That’s why the research process needs to be iterative. Here’s a typical progression:

Competitive intelligence. It pays to know what’s available from competitors before you develop your own offering.
Influencer research (analysts, journalists, bloggers, academics, etc.). Get help in determining the need in the market and pla around with options before going ahead.
(Concurrent) Customer research and employee/partner research. Using the competitive and influencer research as a base, develop a survey that asks about the market need and a few different versions of the offering.

If our work with clients is any indication, you’ll be surprised at the gap in perception between customers and employees. For example, one company we worked with was considering offering 24×7 support as a new service, which would have meant a huge investment of resources and big changes in its organization.

On the survey, almost two-thirds of employees said that customers wanted 24×7 support, while just a handful of customers actually wanted and were willing to pay for 24×7 support. What they did want was 12×5 support in their local time zone with the option of 24×7 support for critical issues. The data was incontrovertible evidence that the service offering as originally envisioned was off base. Working with development and delivery people (who took the internal survey), the company worked to modify the offering to meet customer needs—while saving millions in the process.

For marketers, the research becomes great fodder for a marketing campaign that offers rich evidence of listening to customers and developing new services based on their actual needs. Makes our jobs that much easier.

What do you think? Will you share your war stories about new product or service launches?

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Tags: B2B marketing, Customer Research, ITSMA Research, Service Development and Delivery
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Want to get along better with sales? Find a way to work together.

May 1, 2009 by Chris Koch

Right now, it seems that the gap between sales and marketing is mostly papered over with technology. For example, the trend towards creating a closed-loop lead generation and nurturing process between marketing and sales is a positive step, but it seems like a bridge across the chasm rather than a true route to collaboration. Sales and marketing create a shared definition of a sales-ready lead, implement software to track leads from marketing to sales and back to marketing, and then go back to doing their respective jobs in isolation.

In typical functional fashion, sales and marketing have gravitated toward things that the other can’t or won’t do. To greatly oversimplify it, sales sells and marketing does that mysterious “creative” thing it does. Few salespeople or marketers feel qualified—or interested—in crossing over to the other side.

Many organizations we talk to are baffled about how to bridge the gap. They try to do it with golf games or off-site team-building exercises. That can help, but salespeople and marketers need more concrete reasons to work together.

It’s all about that basic mammalian instinct: empathy. It’s much easier to see the value of someone else’s work when you’ve tried to do the same thing yourself. You need to find tasks that both sales and marketing have a need for and interest in, but that make sense to share.

Our research on Account-Based Marketing has revealed a few such tasks:

Customer understanding. In B2B, both marketers and salespeople know the value of learning about customers’ business issues and needs. And both know how to gain that understanding. But it makes sense to collaborate. Salespeople are best equipped and most motivated to understand the “now” of the account: what has already been sold to customers and what they are most likely to buy next. Marketers can use those contacts to start building a larger context—the business issues that cross functional, corporate, and vertical boundaries. Marketing needs this information to create thought leadership and marketing materials designed to reach many different clients at once.
Salespeople may have this kind of broader perspective, but more than likely they don’t have time to gather it. However, they know (or can be convinced) that having this deeper level of information will enable them to have more intelligent conversations with executives at prospect companies, spot additional opportunities to add value, and build more trusted relationships. Why? Because it is a deeper, more thorough version of what they already are doing to make the sale.
Sharing what works. Salespeople love to get clear, simple tips on what’s working for others. Marketing can help. By doing research within multiple accounts, marketers gain invaluable perspective on broad customer trends and best practices for reaching customers. Marketing develops an institutional memory that can help salespeople create shortcuts by identifying what has worked in the past and what has not, what resources may be appropriate, and what company assets exist that can help.

What do you think?

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