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Articles for the ‘Marketing Automation’ Category
5 Reasons Why Direct Mail is an Effective Marketing Tool
With the advanced capabilities and highly penetrated use of email and other online channels like video and social media, you may ask… Is Direct Mail still effective? You may even be wondering if the cost is worth it?
Well….according to me, when strategically integrated with these same online channels it certainly is! And, here are 5 reasons why it’s still a very effective and relevant tool for Demand Generation and Lead Nurture.
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B-to-B Marketing & Sales — Two Sides of the Same Coin
Too often companies silo marketing from sales when it relates to goals, strategies and tactics. In reality, they belong under the same roof and need to be collaborative, especially throughout the lead nurture effort.
Prospects today, especially those involved in higher ticket purchases, have longer decision-making cycles because there are more individuals involved in the purchasing decision and they need to build an airtight business case before purchases are approved. As a result you need to allow the purchasing cycle to evolve as opposed to an aggressive “push” effort driven by the sales team.
Marketing Sherpa’s latest CMO Benchmarking Report states that 95% of the prospects who visit a landing page through an incentive-based demand generation campaign are there to research not to buy. That said, about 70% of those who do visit will eventually buy but not necessarily from the site they first visited. Therefore you need to make sure that these non-sales ready prospects are nurtured through content, not aggressive sales tactics because today’s buyers don’t want to engage with sales until the end of the purchasing process.
In today’s post-recession landscape where buyers are in control of the sales process there are three areas where marketing and sales collaboration become critically important:
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A Paradigm Shift in Real-time Response – From “nice to have” to “must have”
Not too long ago marketers were given a grace period when responding to a prospect or customer. Depending on the nature of the inquiry the grace period could range from a few hours to 1-2 business days. The tools were still evolving, it was expensive to respond quickly and quite honestly, no one was expecting it. Not anymore.
If you’re looking for auto insurance, you can visit the GEICO website for a near-instant 15-minute quote. That’s still (far) better than many sites which ask for that same 15 minutes for you to complete a form and then inform you that an agent will call you. Who knows when. GEICO’s “15-minutes could save you 15 percent or more” promise speaks volumes compared to the “an agent will call” promise.
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