“Revenue generation” describes the marketing-to-sales transition process that provides the most efficient and effective means of closing B2B sales. The use of marketing automation in your marketing and sales practices leads to revenue generation more quickly than traditional sales and marketing practices. Through the automated features that nurture leads and score their progress through the buying cycle, the hottest leads are moved to the front of the line for sales calls. This prioritization leads to faster revenue generation – a goal of every B2B sales team.
The primary reason marketing automation has taken off recently is specifically because it helps revenue generation practices for companies of all sizes. After all, B2B companies are in business to generate revenue, right?
Marketing automation allows you to manage B2B leads gathered through digital channels such as email, social media, and web forms and through traditional channels such as trade shows, direct mail, and cold-calling. Once leads enter your database, they can be segmented and organized by region, channel, size, and other factors. These leads can then be assigned a score based on attributes (company size, revenues, etc.) and behavior (website visits, downloads, etc.). Once leads have been scored , your sales department will have a prioritized list of hot, warm, and cold leads. This increases sales productivity by automatically providing qualified, scored, nurtured, and prioritized selling opportunities.
Marketing-Qualified to Sales-Qualified
Marketing automation digitally advances leads from a status of being a marketing-qualified lead following a sufficient level of digital engagement with marketing assets to a sales-qualified lead, where the most active leads are ready for a sales contact. Sales agents generally appreciate being given quality leads. Through traditional processes up to 80% of leads are discarded, lost, or ignored, often because sales agents don’t trust the quality of the leads being distributed. Marketing automation can help limit the number of poor quality leads that the sales department receives by selecting only leads that pass a scoring threshold for lead distribution. Leads can be handed off to direct or indirect sales channels for action and closure.
Marketing automation streamlines the process of preparing leads for sales contact. Marketers can determine whether certain marketing campaigns have been effective at generating interest in your solutions. And leads can be distributed to the sales department according to lead scoring metrics that put the most likely buyers at the top of contact list.
Sales and Marketing Alignment
Sales and marketing departments often do not work closely at lead management and demand generation. Marketing automation supports sales and marketing alignment through integration with CRM software. This boosts the productivity from each department by providing a seamless, automated transition from marketing to sales. Marketing can determine if campaigns are driving the best leads from your digital assets and sales can determine if the leads received are of sufficient quality to be contacted quickly.
Sales agents have a clearly defined view of available sales opportunities as marketers generate demand through targeted messaging that can be automatically distributed at scheduled intervals. Marketers can have a clearer picture of which campaigns have provided quality leads based upon close rates.
Research has shown that marketing automation provides a more efficient transition from marketing to sales. This leads to better revenue generation practices. Is that what your company is looking for?
If you’d like to learn how our Lead Management Automation™ software can make your enterprise more effective at revenue generation contact Lead Liaison at 888 895 3237 or firstname.lastname@example.org.