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The Role of Content In An Account-Based Marketing Strategy

Posted by Doug Davidoff

May 27, 2019 2:00:00 PM

content-marketingFew things are as misunderstood as content. In many ways content, and by extension content marketing, experienced a rebirth with the creation and mainstreaming of Inbound Marketing and the growth of marketing automation. As an executive shared with me many years ago, “Don’t spend money on marketing automation if you don’t spend a multiple of that on the content to use with your automation.”

In an Inbound Marketing context, content is a critical linchpin for the dominant Inbound tactic - search engine optimization (SEO). Content, laced with keywords, enabled people to find you. The more (good) content you created the more traffic you gain and the more leads you’d generate (at least that’s what the theory says). In a world where SEO is important, identifying the most important role for content generation and utilization is pretty easy.

In our work with companies that work in more highly defined industries/verticals selling fairly large ACV solutions, we’ve noticed that their approach to content is still being driven by the same guideline and expectations. But, it’s not effective.
Here’s why:

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Topics: Marketing, Sales Enablement, Content

The 3 Biggest (& Most Common) Mistakes Made With AI

Posted by Doug Davidoff

Mar 1, 2019 12:02:00 PM

AI in MarketingFOMO: The Fear of Missing Out

It was Bill Gates who said, “We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten.” Nowhere is the outlook more on display that when it comes to the topic of artificial intelligence (AI).

Make no mistake, technology in general and AI specifically are having a major impact on the work growth-focused organizations are taking. AI is absolutely something you should be aware of, and, to some degree, keeping track of. It is not, however, something that should be at the top of any small or mid-market growth company executives attention or worry list.

What Is Artificial Intelligence

Part of the difficulty with addressing AI is that it often means a bunch of different things to different people. What’s more, the term AI is often used to infer things that are not necessarily in place. AI is very confusing to many, so I turned to my friends at HubSpot, who published a nice piece on important definitions surrounding AI. Here are some of the key terms:

Artificial Intelligence: In the most general of terms, artificial intelligence refers to an area of computer science that makes machines do things that would require intelligence if done by a human.

Machine Learning: In short, machine learning is the ability of a program to absorb huge amounts of data and create predictive algorithms.

If you’ve ever heard that AI allows computers to learn over time, you were likely learning about machine learning. Programs with machine learning discover patterns in data sets that help them achieve a goal. As they analyze more data, they adjust their behavior to reach their goal more efficiently.

Deep Learning: On the far end of the AI spectrum, deep learning is a highly advanced subset of machine learning. Deep learning can find super-complex patterns in data sets by using multiple layers of correlations. In the simplest of terms, it does this by mimicking the way neurons are layered in your own brain. That’s why computer scientists refer to this type of machine learning as a “neural network.”

Natural Language Processing: Natural language processing (NLP) can make bots a bit more sophisticated by enabling them to understand text or voice commands. On a basic level, spell check in a Word document or translation services on Google are both examples of NLS. More advanced applications of NLS can learn to pick up on humor or emotion.

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Topics: Lead Nurturing, Marketing, Strategic Planning

5 Necessary Elements for a Successful Account-Based Marketing Approach

Posted by Doug Davidoff

Jan 18, 2019 4:01:00 PM

5 Elements of Account Based MarketingOne of my favorite things from 2018 was the opportunity to join Ryan McInerney’s podcast to discuss the pros, cons, and myths surrounding Account-Based Marketing (ABM). Ryan also hosted Sangram Vajre, the founder and CEO of one of the very first ABM applications, Terminus. The conversation was so engaging that one episode quickly turned into two. (You can listen to episode one here and episode two here.)

There’s no question ABM is still hot. The good news is that, as account-based approaches have matured and technology has evolved, the opportunity to implement effective account-based programs is better than it has ever been.

But, realize that merely saying that you’re adopting such an approach does not change anything. If you’re changing your strategy, you must change your behaviors.

In our work with companies implementing or embarking with ABM, we’ve identified five overlooked or weak elements that are often the cause of failure. If you’re considering implementing such an approach, be sure you address these items.

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Topics: Sales Development, Marketing, Sales

The Real Buyer's Journey, Part 2: Manufacturing Revenue

Posted by Doug Davidoff

Nov 19, 2018 9:00:00 AM

Manufacturing Revenue Blog-2Welcome to part two of our series on understanding the real buyer’s journey. In the first session, I shared the findings of our in-depth analysis of how buyers progress through their journey and take actions that lead to buying. In this session I'm focused on the other side of the equation, how sellers can align with buyers to increase the likelihood of generating engagement, entering conversations, and yes, successfully making sales.

The approach I share today is based on decades of direct experience combined with in-depth analysis, interviews, and studies. My promise is that if you take this approach, you'll gain the following five benefits:

  • You'll be able to design and execute strong customer acquisition programs much more easily.

  • You'll gain greater predictability and repeatability in your customer acquisition efforts, and therefore

  • You’ll gain greater scalability.

  • You'll dramatically increase the results from the marketing and sales efforts that you are taking.

  • You'll lower your overall costs for acquisition (CAC) and position yourself for an extraordinarily strong customer success program and your team will be happier and healthier.

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Topics: Lead Generation, Demand Generation, Marketing, Sales

The Critical Role of Intent in Demand Generation, Sales and Marketing

Posted by Doug Davidoff

Jul 12, 2018 1:30:00 PM

intent-video-splash-screenWe've been doing a lot of research over the last year into a critical part of the buying process that seems to get very little attention in the design and execution of demand generation: sales and marketing efforts. Anyone who has ever been involved in attracting or acquiring new customers knows that buyer intent is an important ingredient in the customer acquisition recipe.

Intent varies by person, by market and/or by what you're selling. There are any number of factors that are going to impact when and where intent occurs, but somewhere along the buyer’s journey, buyer intent hits a critical point. Intent, initially, does not necessarily relate directly to buying from any particular vendor. Buyer intent refers to the decision that some level of action needs to take place. If you think about the last major purchase or even decision that you made, you can quickly and easily identify that point that separates pre-intent actions from post-intent ones.

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Topics: Lead Generation, Inbound Marketing, Performance, Demand Generation, Marketing, Sales, Sales Enablement

5 Keys to The Effective Use of Technology

Posted by Doug Davidoff

Mar 13, 2018 10:00:00 AM

hire-technologyLast week I was talking with Jess, our Director of Operations, about the inordinate impact that technology has had on the sales and marketing function. I told her about my first “CRM.” As a new hire with Alamo Rent-A-Car, I was assigned 624 travel agencies in my territory. A couple days after I started, I got a thick envelope with 104 pages of cards (there were 6 cards per page) printed on a dot matrix printer. I separated my cards, placed them into a file box and went to work.

Sales and marketing technology (or, the growth stack) has moved from being a complement to the work that needs to be done, to being at the core of virtually everything that happens.

The Role of Technology in Sales & Marketing

Consider the following:

  • The average company is spending almost $5,000/sales rep/year on sales technology. (source: Gartner CEB)
  • The Marketing Technology Ecosystem had just 120 names when it started in 2011. Today, there are more than 5,000 technology alternatives (and growing). (source: ChiefMarTec)
  • Investment in sales technology over the last two years tops $10 billion. (source: VentureBeat)

What’s clear is the mushrooming growth and impact of technology in demand generation and sales. Equally clear is that despite all of these investments, users are not seeing the returns they expected.

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Topics: Marketing, Sales, Technology Stack

The Most Important Sales Enablement Question for Your Business

Posted by Doug Davidoff

Nov 6, 2017 4:30:00 PM

The Most Important Sales Enablement Question for Your BusinessThe 2001 Oakland A’s had a problem. They’d won their division in 2000, but they were losing the league’s most valuable player, Jason Giambi, to the hated New York Yankees. What’s more, the A’s did not have the money or resources that their competitors had.

The front office, led by Billy Beane, had to figure out how they would replace Giambi and maintain the A’s winning ways. This is where he famously turned to his assistant GM, Paul DePodesta to develop a plan of attack.

This, of course, is the story that led to the bestselling book and movie: Moneyball. While DePodesta and Beane have achieved near hero status and as a result, went on to set a record for most consecutive wins (broken by the Cleveland Indians this past season) and repeat as division winner; they also highlighted essential lessons for every business executive.

In 2016, I spoke at Inbound16 to introduce and define the key principles that have come together to become the growing discipline of Sales Enablement. In that session, I defined Sales Enablement as the ongoing effort of aligning and optimizing all facets of an organization’s revenue generation process. It is focused on increasing the efficiency and acceleration of revenue generation tactics.  

I also highlighted that sales enablement isn't anything new. The world of sports and particularly baseball, have been implementing their version of sales enablement for more than a decade. They called it Moneyball.

So, let’s take a step back and think about the critical question that DePodesta was seeking to answer that led to the breakthrough and in turn, led to the book:

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Topics: Lead Generation, Sales Development, B2B Sales Strategy, Demand Generation, Marketing