It will not be wrong to say that none of the organizations would have concerned themselves with marketing should marketing not lead to sales. This makes sense to, and so does MarketingSherpa’s effort to understand how B2B companies manage marketing to sales process, for which it conducted a B2B Marketing Benchmark survey.
51% of the respondents said they use some kind of CRM system to manage lead process and 13% said they many not use it, but it is on their high-priority list. 45% said they collaborate with sales to define sales-ready leads, and 44% said they measure lead generation contribution to revenue, whereas, another 44% said they have a system in place to rate qualifying and warm leads. See image for the detail.
Tags: B2b Companies, B2b Marketing, Benchmark Survey, Crm System, High Priority, Lead Generation, Marketing Lead, Marketing Process, Marketing Sales, Marketing Survey, Marketingsherpa, Respondents, Sales Leads
B2B (Business to Business) is a red ocean filled with thousands of hungry sharks pounding every single pound of available meat. This is very competitive environment, and a business faces many challenges in this crazy world. But what bothers B2B marketers most, have you stopped to think? And if you are yourself a B2B marketer, have you thought what others in your industry or related industry or even unrelated industry are worried about?
MarketingSherpa, an online marketing agency, seem to have decoded this in its B2b Marketing Benchmark Survey. And as guessed Generating high-quality leads is the thing that keeps most of the B2B marketers awake at night — 69% confessed this is the most challenging thing for them.
Another 39% lose their sleep over keeping pace with lengthening sales cycle, and 37% worries about adding perceived value in “cutting edge” product benefits. See the image to know what all they are worried about.
So, what is keeping you awake?
Tags: B2b Marketers, B2b Marketing, Benchmark Survey, Business To Business, Challenges, Competitive Environment, Crazy World, Cutting Edge, Edge Product, High Quality, Hungry Sharks, Image, Keeping Pace, Marketer, Marketing Agency, Marketing Survey, Night 69, Online Marketing, Sleep, Worries
Every B2B (business to business) marketers worry about this, even those who do not ask this question openly for the fear of sounding stupid. Every marketing Joe is standing on the street staring at the big giant computer — that once proclaimed that the answer to life, universe, and everything is 42 — for a 42-style answer to this question. Everyone wants to know the time a sales cycle takes to complete – from lead generation to sales conversion.
When everyone was done with the coke they brought with them, and was packing their bag to leave for their home, MarketingSherpa, a leading online marketing company, has come up with a result its MarketingSherpa’s B2B Marketing Benchmark Survey that gave the answer to their question. Timing could not have been better.
The survey showed that a B2B sales cycle can be of any length between 1 month and more than 12 months. More than 50% of the respondents said that their B2B sales cycles are 3 months or less. For 17% marketers it is 1 month, and for another 14% it is 2 months, whereas for 26% of the B2B marketers it is 3 months. (See image for complete survey result).
B2B marketing folks got their answer, and now it is time for them to analyze their own B2b sales cycle and see where they fit in, and what they should do to make the sales cycle shorter. It is strategy-making time folks. Let’s get away from the computer terminal.
Tags: 12 Months, B2b Business, B2b Marketers, B2b Marketing, B2b Sales, Benchmark Survey, Business Marketers, Coke, Computer Terminal, Giant Computer, Lead Generation, Life Universe, Marketing Company, Marketing Survey, Marketingsherpa, Respondents, Sales Cycles, Survey Result, Survey Showed That, Time Folks