Archive for the tag 'Eloqua'

Today The Funnelholic is pleased to introduce Jesse Noyes, the in-house journalist at Eloqua, who covers the trends, surprises, events and the movers and shakers of the marketing industry. Guest posts don’t often appear here, but Jesse came to The Funnelholic saying he was dying to spit some “funnel” game, and he thought this would be the place to do it. Now, that is my kind of opportunity. He sent over what he wanted to post and it was great — far better than what I can do. So, now The Guestpost-aholic is lucky enough to have a great post from Jesse. I hope everyone enjoys it as well.

Quick question: How many different illustrations of a funnel are floating around in your sales and marketing departments? Two? Ten? Too many to count?

Marketers will tell anyone within earshot to “visualize the funnel.” What they usually mean is to imagine the steps, content and definitions you need to move a prospect through each stage of an integrated of sales and marketing cycle — an important element of a functional lead management system. They aren’t typically referring to a literal, graphical manifestation of the funnel.

That’s too bad. Visuals matter. They give people a common, physical framework to map out thoughts. And in the case of the funnel, having too many flying around your offices can result in a lack of consistency. We sought out to address that internally at Eloqua, which is why we had our graphic designer punch up a classy version that could serve as a building block for anyone in the company. “One funnel to rule them all,” so to speak.

With that in mind, I thought I’d take you on a short tour of some of the sample funnel concepts we’ve used at various points over the years. Enjoy the evolution!

I call this one the Tron because it has about as much sophistication as an early Atari game.

As far as funnels go, it’s pretty basic: three stages and simple trajectory. In fact, it’s too basic and doesn’t convey the complexity of a modern marketing and sales process.

Here we get more detail. The stages a buyer goes through, as well as how the leads progress, are more clearly defined and explained.

Marketing Qualified Leads and Sales Qualified Leads are addressed. While it provides greater detail, it still lacks that visual “umph” quality.

Now we’re getting warmer. The stages are all there, but this time there’s even more detail.

The roles of lead scoring and lead nurturing in directing prospects progressively through the funnel have been introduced. But this looks like a figure you might see in a college textbook. Let’s move on, shall we?

This may well be the Avatar of funnels.

It’s visually appealing and gets the point across. We see how top-of-funnel prospects emerge from the shadows, revealing their digital body language, as they move deeper down the funnel. The downside is that, for all its visual splendor, you can’t play with it as easily as the previous concepts. It’s more difficult to customize with additional layers of behaviors or content that influence buyers. Sure is pretty though.

Ah, yeah…that’s the stuff. Here’s what we came up with. It’s simple, clear, and eye-catching without being flashy.

This image takes the best from previous iterations of the funnel, including the most heavily employed stages of the buying cycle, and lays it out in an immediately understandable fashion. Additionally, it provides wiggle room. Depending on your needs, you can easily adapt it based on a particular company’s business model.

It’s not going to win any artistic awards, but it delivers the perfect mix of consistency and coherence. How about your business? Are you working on one vision of the funnel or relying on many different images?

Jesse Noyes

Written by Craig Rosenberg - The Funnelholic
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I promised myself I wouldn’t make predictions, year-end lists, Christmas wish lists, New Year’s resolutions and so forth. Then I was forced to answer the question: “What do you see for b2b marketers in 2011?” I was asked twice: in an interview with Maria Pergolino from Marketo, then while considering predictions about b2b marketing trends for 2011 on Focus.com.

Here is my 2011 sound-bite: Live boringly.

From 2008 to 2010, it was basically a “content bubble” for marketers. All of us in the blogosphere have been riding high; talking about lead scoring, lead nurturing, content marketing, social media, sales and marketing alignment. So much sizzle and sexiness, it’s been a fantastical ride as marketers ate it up. Everyone in the world of marketing had endless new toys to talk about, and talk we did. But now, marketers must live boringly. Not to be a sensationalist, but our survival is at stake.

How to Live Boringly

Focus on execution and how to get it done, or said another way: Stop talking about it and just do it. I love this article by Carlos Hidalgo (Funnelholic all-time fave) on marketing automation. As Carlos mentions, in the case of marketing automation, less than 25 percent of us have implemented marketing automation to its full potential. In other words, a lot of hype and nothing to show for it. Create simple goals for next year, let sales and the C-suite know what they are, and hit them. Just as a VP of Sales must hit his or her metric, marketing does too. All the social media, lead nurturing and so forth are means to an end. An example of a metric might be pipeline-created qualified leads, appointments or revenue. I don’t care, but all the really “bright shiny things” have to align with achieving goals that the organization cares about.

Do This, or Else

Do you really want marketing to end up back where you started before the Marketing Content Revolution? The marketing automation vendors are trying to help you now. Look at market leaders Marketo and Eloqua. Their marketing has switched from tactics and techniques to revenue. Marketo’s Jon Miller likes to say, “More marketers are getting a seat at the revenue table.” This may be true, but that seat is hot. The revenue table is a “you’re-either-helping-or-you’re-getting-in-the-way” spot. If you’re helping, you get to stay. If you’re in the way, you are gone and won’t be back.

So, take my advice and live by my 2011 mantra: Live boringly.

Sincerely,

The Bore-aholic

Written by Craig Rosenberg - The Funnelholic
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Continuing with our series of interviews with contributors to Focus Experts’ Guide: Sales and Marketing Pipeline and Funnel Models, today we interview Steve Woods, Chief Technology Officer of Eloqua and author of the blog Digital Body Language.

Steve co-founded Eloqua in 1999 and has held the position of Chief Technology Officer since that time. He is a prolific writer on topics related to demand generation and the current transitions within the marketing profession, and is the author of the book Digital Body Language - Deciphering Customer Intentions in an Online World.

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Written by Craig Rosenberg - The Funnelholic
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A few weeks ago, I wrote a pretty popular post about the blogosphere wars in the marketing automation space: Who’s Going to Run This Town. I didn’t plan to post on this again, but with a new breakout of marketing-automation-vendor-on-marketing-automation-vendor violence, I had to jump in. Actually to be clear, this should be defined as marketing-automation-vendor-on-marketing-automation-reseller-(with-another-marketing-automation-vendor-jumping-in) violence.

If you live in a hole, here is my timeline (note: I may not know everything and am open to “timeline” changes):

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Written by Craig Rosenberg - The Funnelholic
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