Top Banner
76

Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Jul 16, 2015

Download

Technology

Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: Marketing Transformation: Marketing Today Becomes Sales Tomorrow
Page 2: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Internally facing

operations automation

Cloud = IT Transformation

Cloud = Business Transformation

Externally facing

customer interactions

Business Transformation

Page 3: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Drivers of Digital Disruption:

1. Mass Adoption of Digital Technology

2. The Age of the Customer

3. B2B-> B2C -> The Engagement Economy

Page 4: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Generation C

Page 5: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

5

The Age of the Customer

Source: October 10, 2013, “Competitive Strategy In The Age Of The Customer” Forrester report

1900 1960 1990 2010

Age of Manufacturing

Mass manufacturing makes industrial powerhouses successful

Age of Distribution

Global connections and transportation systems make distribution key

Age of Information

Connected PCs and supply chains mean those that control information flow dominate

Age of the Customer

Empowered buyers demand a new level of customer obsession

Beyond

• Ford• Boeing• GE• RCA

• Wal-Mart• Toyota• P&G• UPS

• Amazon• Google• Comcast• Capital One

• Macy’s• Salesforce.com• USAA• Amazon

Page 6: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

B2B -> B2C

Page 7: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Digital Disruption

Page 8: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Unintended consequences

Page 9: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Digital Disruption = Big Opportunity

Page 10: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Basic Human Needs

Page 11: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Product

Place

Price

Promotion

4P's

Solution

Access

Value

Education

SAVE

Page 12: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Educate

Page 13: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Inspire

Page 14: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Create a sense of urgency

Page 15: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Horizon 10 - 6 months

Horizon 26 - 12 months

Horizon 312 - 36 months

Thinking at 3 Time Horizons

Page 16: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Get it right

Page 17: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Get it wrong

Page 18: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Strategic choices

Page 19: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

What are the key

business challenges

facing your target

customers?

Page 20: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Target Decision Maker

Page 21: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

DelusionalThinking

Page 22: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

#1: Irrational complacency

Page 23: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

#2: Catch the train

Page 24: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

OLD THINKING

NEW TECHNOLOGY

FAIL

X

=

Page 25: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Think outside the box

Page 26: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Think outside the box

Page 27: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

www.flickr.com/photos/12023825@N04/2898021822

Growth strategy

Page 28: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Overcoming change

Page 29: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Destination Thinking

Page 30: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

“Today’s customers are online

explorers, seeking out online ratings,

peer reviews, videos and in-depth

product details as they move through

the buying decision process.”

Page 31: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Move to tomorrow’s battleground

Page 32: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Ride the next wave

Page 33: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

You can’t teach an old dog new tricks

Page 34: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Old dog, new tricks

VP of GrowthVP of Marketing

Page 35: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Rethinking the funnel

Page 36: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Rethinking the funnel

Page 37: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

37

Focus on Selling Above the Funnel

• Prospection

• Qualifying

• Needs

• Proposal

• Negotiation

• Close

Demand

Creation

Demand

Capture

• Market identification

• Requirements analysis

• Demand creating

• Lead Generation and

Management

• Engagement

The Sales Toolkit

Q1 Q2 Q3 Q4 Q1

Demand Generation Campaigns

Page 38: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

The Status Quo is not a Growth Strategy1

Marketing Today = Sales Tomorrow2

Creating Systems of Engagement3

Reasons -> Conclusions. Emotions -> Actions4

5 Creating an Unpaid Sales Force

Page 39: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Drivers of Adoption

Page 40: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

The status quo is not

a growth strategy

Page 41: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Disruptive Opportunity Matrix

ExtendWhiteSpace

Defend ExtendCurrent

New

Current New

Source: Create Marketplace Disruption by Adam Hartung, Pearson Education, Inc. 2009

Products

Customers

Page 42: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Digital reality

Page 43: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Interruption Marketing:

Targeting Audiences with

messages through channels

to drive transactions

The OLD World

Engagement Marketing:

Engaging communities

with shared purpose

through experiences to

sustain relationships

The NEW World

Page 44: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Interruption Marketing

Page 45: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Engagement Marketing

Page 46: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Anticipate change

Page 47: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Business Agility

Page 48: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Adapting to change

Page 49: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Where do I go from here?

Page 50: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

The Status Quo is not a Growth Strategy1

Marketing Today = Sales Tomorrow2

Creating Systems of Engagement3

Reasons -> Conclusions. Emotions -> Actions4

5 Creating an Unpaid Sales Force

Page 51: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

“Customers are completing

57% of a buying cycle before

ever coming into contact with

a sales rep.”

- A CEB study of more than 1,400 customers

Page 52: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

source: www.corporatevisions.com

Marketing Today = Sales Tomorrow

Page 53: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

source: www.corporatevisions.com

1 32

Marketing Today = Sales Tomorrow

• Challenge them

• Destabilise them

• Challenge the status quo

• Get them out of comfort zone

• Take them to the negative

future

• Sell your insights

• Provide evidence

• Cost justify

• Lead them through the

process

• Take them to the beach

• Sell your insights

• Sell your experience

• Take them to the negative

future

• Create a sense of urgency

• Monetise the cost of delay

• Take them to the beach

• Guide them to take action

• Take the order

Page 54: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Sales Transformation

OLD NEWThe IT Buyer The Business Buyer

Selling into CapEx Budgets Selling into OpEx Budgets

Technical Expertise Business Expertise

Geographic Sales Territories Vertical Industry Territories

Selling Features Selling Results

Fixed-Price Contracts Outcome-Based Contracts

Demonstrating Features Business Process Discussions

Your Complexity and

Underlying Architecture

Your Consumption Model

and Service Capability

Maintenance Contracts "Apps Mindset"

Face2Face Sales Skills Social Media Knowledge

Source: Consumption Economics: The New Rules of Tech by J. B. Wood, Todd Hewlin and Thomas Lah, 2011

Page 55: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

The Status Quo is not a Growth Strategy1

Marketing Today = Sales Tomorrow2

Creating Systems of Engagement3

Reasons -> Conclusions. Emotions -> Actions4

5 Creating an Unpaid Sales Force

Page 56: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Capture their attention

Page 57: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Keep their attention

Page 58: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Sales Transformation

Old Sales Model New Sales Model

Page 59: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Systems of Engagement

Page 60: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Demand Generation 2.0

Page 61: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Creating Systems of Engagement

Page 62: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

The Status Quo is not a Growth Strategy1

Marketing Today = Sales Tomorrow2

Creating Systems of Engagement3

Reasons -> Conclusions. Emotions -> Actions4

5 Creating an Unpaid Sales Force

Page 63: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Give your customers the ability to

do what they can’t currently do

but would want to if they only

knew it was possible.

The new Golden Rule in Sales is:

Page 64: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Capture their imaginations

Page 65: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

“Reasons lead to conclusions.

Emotions lead to actions.”- Saatchi & Saatchi

Page 66: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

66

DecisionDrivers

Page 67: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Early Adopter Market Mainstream Market

DANGER - CHASM!

Accelerating Customer Adoption of Cloud Services

TIME

Create capacityto service demand

Technology Vendors Channel Partners

Build the buzz!!!!

Build sales channels

• Distributors• Retailers• Resellers• VARs• Service Providers• System Integrators• Consulting Partners

TechnologyInnovators

2%

Visionaries

14%

Pragmatists

34%

Conservatives

34%

Sceptics

16%

Create a tipping point

Influencer/Adopter Programs

Demand Generation

Influence Generation: Capture the hearts and minds of Tech savvy early adopters, opinion

leaders and influencers

Channel readiness & activation

GTM Strategy & Business Plan

PER

CEN

TAG

E O

F P

OP

ULA

TIO

N

AB

Page 68: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

The Status Quo is not a Growth Strategy1

Marketing Today = Sales Tomorrow2

Creating Systems of Engagement3

Reasons -> Conclusions. Emotions -> Actions4

5 Creating an Unpaid Sales Force

Page 69: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Tipping the Funnel

Page 70: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Clients: Actions:

Tipping the Funnel

Source:Empowered, by Josh Bernoff and Ted Schadler

Page 71: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Audience 2

Page 72: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Typical Conversion Rates

1. Cold calling:

2. External Recommendation:

3. Internal Recommendation:

44%10 X Cold calling

(Between 1-5%) 4%

88%20 X Cold calling

Page 73: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Social Influence

Page 74: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

1. The Status Quo is Not a Growth Strategy

2. Marketing Today = Sales Tomorrow

3. Creating Systems of Engagement

4. Reasons lead to Conclusions

5. Creating an Unpaid Sales Force

Quick Review:

4Ps => S A V E

Start the (sales) conversation

Tipping the Funnel

Emotions lead to Actions

Competing to remain relevant to tomorrow’s customers

Adaptive Mindset

Page 75: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

Get it right

Page 76: Marketing Transformation: Marketing Today Becomes Sales Tomorrow

www.flickr.com/photos/horacio/3781750

David R Ednie

President & CEO

SalesChannel Europe

Ph: +33 676 60 09 25 (FRA)

Email: [email protected]

Website: www.saleschannel-europe.com