Share |

It never ceases to amaze me how business leaders perceive marketing.

The other day on a flight from Los Angeles, I had an interesting conversation with Greg, a CEO of a growing company. Greg’s company offers B2B business intelligence software and has revenues of just under $50 million. The extent of their marketing investment has favored SEM and is augmented with a sprinkling of events and partner activities. As we taxied down the runway, the information Greg gave me made it pretty clear his business had performed extremely well, even lacking a thoughtful, well-defined marketing plan.

So with a marketing guy held captive 30,000 feet in the air, and a board of directors demanding the company take “it” to the next level, Greg wanted answers. The conversation ensued, punctuated with the question seasoned marketers hate hearing: “What is the ONE thing I can do to double the number of qualified leads in my sales funnel?”

Rather than bore you with the details, I’ll jump to the conclusion of Greg’s in-flight attempt to extract the secret marketing algorithm. You marketers know which one I’m talking about. For non-marketers, spoiler alert! You won’t like what you’re about to hear.

Small and mid-market businesses that have grown revenue organically by executing basic, but effective, marketing tactics are already harvesting the low-hanging fruit available in their market. Refinement of those tactics can improve results, but sadly there isn’t ONE thing that magically doubles the flow of high-quality sales leads.

As a business expands into more sophisticated markets, strategies and execution also must evolve in sophistication. Campaigns must recognize that a complex sale is made up of the many unique interests of multiple buyers who influence the final decision. Only by taking a holistic approach of exploiting a combination of marketing disciplines will a business experience continued growth and success. Given the complexities of moving up-stream and targeting enterprise customers, leveraging true market experience and valuable insight should be the foundation of any marketing action.

As the plane touched down, I noticed the agonizing expression of disappointment on Greg’s face. And in that moment I enjoyed a mental visual – that created an uncontrolled chuckle – of the day Greg learned the truth about Santa Claus, the Tooth Fairy and the Easter Bunny.

Related posts:

This entry was posted in MarketStar Direct and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 
Tracy Thayne

Tracy Thayne

Director of Marketing

Over the past 20 years, Tracy has directed business development, sales, and marketing efforts in the high-tech industry for companies like WordPerfect, Novell, Hewlett-Packard and inContact. Tracy started his career in sales before transitioning into an acknowledged marketing powerhouse. His vast experience in field sales has given him the insight and expertise to evolve marketing methodologies into revenue engines that creates trusted partnerships with sales. Tracy’s passion for marketing keeps him at the forefront of go-to-market strategy and in line with innovations behind buyer influence.

Specialties

Go-To-Market Strategy, Product Marketing, Product Planning, Contextual Inquiry Studies, Business Planning, Demand Generation, Branding, Communications, Advertising

Recent Posts By Tracy