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Does sales really care about leads? Maybe not.
If you ask Bill Binch, VP of Sales from demand generation software provider Marketo, he prefers pipeline and bookings to leads. Ironically, as much as lead nurturing and lead scoring can help generate pipeline and revenue, by framing the discussion around leads too many marketers ignore the equally valid perspective of their sales counterparts. This can lead to diminished success for many marketing-led efforts around lead management.
This is just one of the many disconnects between sales and marketing that we’ve been exploring in the series Sales is from Mars, Marketing is from Venus. This is my 3rd such podcast with Marketo in this area. First we started with a CEO’s perspective then we did a VP of Marketing perspective and now we have the VP of Sales perspective. Getting the Sales viewpoint is critical for marketers since lead management initiatives always require buy-in and support from Sales to be successful.
Special thanks to my friends at Marketo for allowing me to interview their VP of sales for this podcast. They use what they sell to create opportunities for themselves, so there is no better place to look for ideas on how to optimize your own demand generation efforts than by talking with the guys who sell and deliver that for a living. I always learn something I can incorporate into my lead nurturing platform every time I talk with them! I hope you learn something too…
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About Bill
Bill brings 16 years of best practice sales, leadership, and operations experience to his role leading all of Marketo's sales and customer success activities. Prior to joining Marketo, Binch was VP and General Manager, Distribution, at AVOLENT, where he managed the team focused on the distribution market, small & medium businesses, and install base customers. Prior to AVOLENT, Binch developed his sales and operational experience at Oracle, PeopleSoft, and BEA Systems, where he built and managed direct, inside, and channel organizations and ran business units ranging from mid-market business customers to strategic accounts. Bill graduated from Arizona State University with a BS in Marketing.
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Comments
I have to agree with your assessment that there is a disconnect between sales & marketing.
In our case, sales people are under tremendous pressure to produce immediate revenue. They are less than patient with marketing campaigns that may take weeks or months to generate any tangible results.
I'm very interested in following this series Paul. Thanks for the great job you do with these podcasts.
Posted by: Paul Chaney | 07.15.08
Great podcast! It's very refreshing to get a sales perspective as I think it is extremely important for marketing to really understand the dynamics of the sales and marketing relationship. I recently posted a "fun" perspective on my blog that discusses marketing from a sales perspective... http://www.b2bmarketingevolved.blogspot.com/.
At Rubicon we work with many clients that struggle with the "frictionless" relationship as Bill discusses and I thought I would add to some of his points.
First, to truly drive towards that goal sales and marketing must be understand the key objective of BOTH sales and marketing is to generate revenue. AND, that both organizations will be much better off working together than individually.
To accomplish this companies must also look at three key areas:
People
Process and
Technology
I really liked the point Bill made about marketing thinks about numbers. That is absolutely the case with many of the clients we see. Instead of thinking about numbers they should focus on generating "qualified" business opportunities not just leads. This definition is not something that can be defined in a one department or the other it must be an agreed upon definition.
Next, I would encourage marketing and sales to study and gain an understanding of the customers buying process (this is different from the sales process for all you sales people). Bill mentions in the podcast that prospects now can own the dialogue, when and where they interact with your company and whom they interact with. This is a very important point because marketing and sales must understand that the content you provide and when you provide it (as well as to whom you provide it too when you are selling a solution or service that involves supporters, influencer's, economic buyers, etc) should map to the customers buying process. It should almost be viewed as a road map from the point of educating the prospect of your solution through to them becomming a customer.
Finally, I would also add that marketing and sales should define when and where they "own" the communication. I have a slight disagreement with Bill in that many sales teams do not want marketing communicating to prospects in the latter stages of their sales process... While there is always exceptions to this rule companies should do their best to define when and where marketing and sales own the communications.
Thanks for your podcast, it was great.
Robert J. Moreau
EVP Sales, Marketing & Client Solutions
Rubicon Marketing Group
Posted by: Robert J. Moreau | 07.15.08
Another fantastic interview Paul. Those folks from Marketo just keep on giving great insight.
Posted by: Dale Underwood | 07.19.08
Very interesting perspective from the sales side. But, I'm glad to see this message passed along to more marketers. I've learned in my time with my current company that the quantity of leads doesn't much matter if sales can't act on them.
I've had a bit of a struggle but we are getting much better at working with Sales to figure out where to find leads that are going to be the most valuable to them.
Keep up the great podcasts.
Posted by: John Johansen | 07.22.08
I think that this is great. It can really be challenging to make a connection between sales and marketing. Marketing Software also helps a great deal.
Thanks
Posted by: Joao | 09.16.08