Marketers, do you think you’re doing enough to help sales close business?
Last year at Turtl, we conducted some research with Forrester to find out what sales really thinks about marketing and the state of content-driven outcomes. We found some pretty interesting results…here’s a few of the big ones:
So we thought who better to let us know how to fix these figures than professionals who work closely with both sales and marketing? And wouldn’t it be great if these professionals had a wealth of experience working in ABM for companies like DXC and Capita?
Here are the top 3 things which Dorothea Gosling, director of marketing programs, pursuits & ABM at DXC technology, and Kate Owen, director of strategic client marketing and industries at Capita, advise marketers do to close the marketing-sales gap and improve account-based marketing.
These comments were made during a recent webinar hosted by Turtl titled: ABM Experts on Content Insight: How to Prove Marketing Value and Close More Deals. If you want to watch the full webinar, you can view the recording for free here.
“Do we have a business that has a parallel marketing universe and a parallel sales universe, or are they joined up?”, asks Dorothea Gosling about the disconnect between marketing and sales.
Let’s not beat around the bush anymore. It’s about time marketing and sales talked about their differences and stopped pretending to live in parallel worlds. As shown in the Forrester study, sales can consider marketing to be useful in supporting the early stages of the funnel, but less efficient when it comes to driving the final stages of deals. The task for marketing is to join up with sales to ensure that it’s a team effort. That doesn’t necessarily mean agreeing on everything – but it does mean working towards a common goal.
Both Kate and Dorothea agree that the way to move forward is to have a less polarizing view of the marketing and sales departments. At Capita, Kate describes how the marketing team is built to have revenue targets – not just marketing-qualified and sales-qualified leads. This helps keep sales and marketing stay on track and view their efforts as cumulative.
“It’s not about speaking numbers on return on investment, it’s about translating the data into something sales can use”.
Every marketer knows the value of collecting data and statistics. Click-through rates and engagement statistics are definitely worth paying attention to – but translating these metrics into real insight is where it gets tricky. A way to bridge the gap between sales and marketing is by thinking about how marketing can turn data into actionable insights for the sales team to use for their outreach.
“[Marketers] face challenges because it’s extremely difficult to make the jump from data to meaningful information. We’ve been experimenting with this [at DXC] for 5 years, it was hard to do anything meaningful with it. This client scores a 95 – what does that actually mean? How can sales action that?”, questions Dorothea.
“Building [content] marketing that has credibility is a longer-term play,” comments Kate on the importance of creating the right content for your highly specific audience in ABM. She argues that the co-creation of content is key to this, but building relationships with people who can produce the kind of content you need can take time.
ABM has become such a buzzword because content created specifically for targeted account strategies can be tied directly to business goals and objectives, something content marketing has historically struggled with.
Dorothea summarizes that “It’s an opportunity for marketers to get more business savvy in terms of the language they use to talk about top and bottom-line impact. And it helps create materials that resonate with our customers. That increases the credibility of marketing with our sales partners and then that trust is built with the realization that they [marketing] actually add value, they do something that helps us shorten the sales cycle, and this leads to a more successful organization.”
Kate and Dorothea’s top tips for marketers who want to prove marketing value and close more deals:
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