Steps to implementing a marketing program that drives new business

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Follow these steps to tune up your B2B marketing program and drive new business.

Goals

art-b2b-marketing

  1. Determine your corporate revenue goals. I suggest you set three goals at three levels:
    1. Minimum
    2. Target
    3. Stretch
  2. Determine percentage of your company’s revenue that needs to come from new business.
  3. Determine the percentage of your company’s new business revenue needs to come from marketing generated leads.
  4. Determine the definition of a “qualified sales lead” that sales and corporate management agrees with
  5. Determine how many qualified B2B sales leads are needed to meet these revenue goals
  6. Determine how many new inquiries are needed in order to identify enough qualified B2B sales leads that can close during the period.

Strategy

  1. Determine the “pain” your products and services address
  2. Determine the “pain relief” your company can provide
  3. Determine your company’s competitive advantages and how best to articulate them
  4. Determine the best companies and contacts to target with your lead generation efforts

Tactics

  1. Determine where to find these companies and contacts
  2. Determining the B2B marketing resources already available
  3. Determine and prioritize how best to communicate with your target companies and contacts
  4. Determine and prioritize tactics for eliciting inquiries from these companies and contacts
  5. Determine and prioritize tactics for identifying qualified sales leads
  6. Determine and prioritize tactics for nurturing your “not-yet-qualified” leads until they are determined to be qualified

Sales tools

  1. Determine and prioritize the sales tools needed by your salespeople to
    1. Demonstrate the pain relief offered by your company (both products and services)
    2. Demonstrate the advantages of selecting your company instead of its competitors
    3. Propose
    4. Close sales

Metrics

  1. Determine how best to measure the effectiveness of your B2B marketing programs designed to
    1. Generate inquiries
    2. Identify qualified sales leads
    3. Nurture not-yet-qualified inquiries
    4. Provide sales tools for your salespeople
  1. Determine how best to communicate the results of your B2B marketing programs to management

Resources and Budget

  1. Determine the resources and budget needed accomplish the above and meet
    1. Minimum goals
    2. Target goals
    3. Stretch goals
  2. Use your B2B marketing plan to justify the budget
  3. Get budget approved

Implementation

  1. Determine the best schedule of B2B marketing activities, designed to
    1. Generate some short-term results to demonstrate competence and ROI
    2. Generate a steady stream of qualified sales opportunities and sales tools for your salespeople
  2. Determine resources needed to implement these activities
  3. Assign responsibilities
  4. Start implementing!

2 Responses to Steps to implementing a marketing program that drives new business

  1. John Kaylor March 13, 2017 at 12:28 pm #

    Mac, once again you prove that you know what you are talking about. Now this is an objective plan! You definitely can’t go wrong following this. Do you offer B2B lead gen like these companies out there leadgenius, bant.io, callbox? I’m looking to outsource this and read about you. Thank you and congrats on most inspiring leaders of 2016.

    • M. H. "Mac” McIntosh
      M. H. "Mac” McIntosh March 13, 2017 at 1:24 pm #

      John,
      LeadGenius is basically a more qualified, targeted database of prospects. Bant.io uses email conversations to semi-qualify prospects so sales can pickup the conversation. Call Box uses people to review your recorded calls to find missed opportunities. Acquireb2b.com is a full-service demand generation marketing agency using the latest strategies, tactics, technology and media to generate qualified, sales-ready leads. Sales-Lead-Experts.com is a consulting company that focuses on helping clients to design, implement or improve their sales lead development and management.

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