BtoB Online - The Leading Source of B2B Marketing
SEARCH  
CURRENT ISSUE
The leading business to business marketing magazine
 
FEATURES
 
GUIDES
 
RESOURCES
 
MEDIA BUSINESS
 
ABOUT US
 
Create Measureable Action With Online Survey Solutions
How to Produce Successful Lead Gen Webcasts
Each issue of CMO Close-up features an interview with a CMO, as well as other marketing executives answering that issue's "Big Question."
This week's feature:
Close-up with Laura Howard, CMO, ECI Telecom
Follow Us On:
Twitter
Twitter
LinkedIn
LinkedIn
Facebook
Facebook

EMI: Feature
 
3 tips to convert prospects to sales

Story posted: September 10, 2009 - 6:01 am EDT



Since e-mail marketing managers aren’t mind readers, they need all the help they can get to figure out which subscribers are close to making a purchase and which are still just checking out the brand. Often the most successful marketing managers are those who can identify the most promising customers and give them the boost needed to get them to make a purchase, said Stephen Webster, chief strategy officer at e-mail service provider iPost.

“You have to fall somewhere in the middle of one-to-one marketing and e-mail blasts to everyone,” Webster said. “Marketers have a million priorities, so they need creative strategies that will drive the results they need without spending too much time on it.”

Webster offers the following tips to engage different groups of customers on your e-mail list so they ultimately make that purchase:

1) Use Web analytics to track behavior. E-mail subscribers often give inaccurate survey responses, and prospect-reported data gets old fast, Webster said. Instead, track prospects’ “body language” by watching what they do with their e-mails and on your Web site. Using tools such as RFM (recency, frequency and monetary value) analysis will help you find that 10% on your list that’s highly engaged.

“You’re letting the e-mail behavior of your subscribers directly communicate to your salespeople who needs a call today,” he said.

2) Replace e-mail blasts with life-cycle messaging. Avoid sending the same e-mail blast to everyone; the churn rate of finding new subscribers will cost you more than identifying the most interested people on your list.

Instead, craft more-targeted messages to subscribers by knowing what stage of the sales cycle they’re in. To gain those data, you need tools that count the “clickers” and the “openers,” Webster said.

“Today’s disinterested prospects are tomorrow’s customers, so you have to talk to them the right way to move them on in the cycle,” he said.

3) Personalize for higher engagement. When you show your prospect you’re listening to their needs, their level of engagement typically rises, Webster said. Personalize the content of the e-mail based on prospects’ level of interest, such as information on specific products, vertical industry or where they’re located, Webster said.

“If you’ve got someone who’s raised their hand, convert them to a sale by giving them a name of someone on the sales team to call or a link to their e-mail,” he said.


3 Comments


Stephen Webster
CSO, iPost
September 10, 2009 04:36 pm

Neil, behavioral models are a great tool! Most marketers are making and using behavioral models without even realizing it, every time they think about the kinds of prospects they have or how to drive a second purchase from one-time buyers.

A balance usually needs to be struck, between the difficulty of implementing the model (collecting the data at each touchpoint, personalizing the outreach, tweaking the model) and its real incremental benefit. In many businesses, a completely off-the-shelf behavioral model and simple implementation can drive large ROI multiples.

For example, iPost clients use a behavioral modeling tool based on RFM (recency, frequency, monetary) analysis. RFM is amazingly adaptable to different industries because it fundamentally relies on human nature, rather than any particular way of doing business. And it only requires data from two touchpoints to achieve 90% or better predictive accuracy.

2300639
 
Neil Capel
sailthru.com
September 10, 2009 11:42 am

Behavioral email is the future, crafting targeted emails that are sent to segmentation is time consuming.

Why not use behavioral models to automatically select subject line and content?

And do it in every touchpoint, why not offer that dress at a sale price in their reset password? You know that dress they've been looking at for the past 6 weeks....

2300574
 
John Gibb
http://www.johnsgibb.net
September 11, 2009 12:01 pm

Good article - unfortunately too late for the perpetrators of the emails this article was based on:

http://theeventmarketinginsider.blogspot.com/2009/09/dm-should-not-desperation-marketing.html

2300801
 

Post a Comment

  Delicious Bookmark this on Delicious
Digg This!
Share on Facebook Share on Facebook
Subscribe to FREE BtoB Newsletters
  Share on LinkedIn
   

RELATED STORIES

 
 
 
 
 
 
 
 
 
 
 






Read the new issue:
The leading business to business marketing magazine




 

SITE MAP   |   MEDIA KIT   |   CONTACT US   |   SUBSCRIBE   |   NEWSLETTER   |   WHITEPAPERS
 
BROWSE OUR NEWSLETTERS
BtoB - Daily News Alert
Email Marketer Insight
StraightLine Direct
Hands-On / Hands-On Search
Inside Technology Marketing
Rollout Advertising Newsletter
CMO Closeup Newsletter
Media Business Newsletter

BtoBonline.com Privacy Policy. Copyright 2006, Crain Communications Inc.
Information  |  For advertising information contact Robert Felsenthal.