Traditional View of Marketing’s Job • Image and Brand Awareness • Market Segmentation and Profiling • Opportunity Development and Support • And That’s ALL! A traditional sales funnel •Contacts / Leads •Qualified Prospects •Sales Pursuits / Proposals •Orders Traditionally, marketing hands contacts and leads over to sales. New Trend = marketing to stay engaged and deliver qualified prospects plus much better sales process support. Why? Sales is not good at cold calling and preconditioning. Marketing needs to be measured on win and hit rates … producing revenue. Old saying “I know we are wasting 50% of our marketing investment but I don’t know which 50%” is no longer acceptable. Marketing must support a new type of model where successful sales is based on value not products or pitches. No one wants to be “sold” anything! Marketing Sales Marketing Marketing & Sales Sales The Ideal World Marketing & Sales Alignment Value MixRELATIONSHIP NAME NAME NAM E PRICE PRICE PRICE SERVICE PRODUCTS Innovation Valuation Recognition ECONOMI SUPPORT ECONOMIC C BRAND RETURN BRAN D REPUTATION MARKETING CONNECTIONS Connections Value Components Product Impact Business Impact Personal Impact Sales Cycle / Buying Cycle Product Impact Dysfunctional relationship between Customers and sales people. They approach things from opposite directions. Business Impact Personal Impact Marketing’s ultimate responsibility is to identify the type of competitor that could put them out of business and lead their company to defeat or become that company. Assistance in Qualifying Opportunities Results Tracking Procedure Conduct Win / Loss Analysis and Implications Craft Value Statements for Ease of Entry Disseminate Results Analysis Guide Sales to Target Market Segments Value Selling Process Pre-Sales Assessing Value Proposing Value Tracking Value Develop Industry Press Releases Post-Sales Craft High-Level Business Impact Messages Precondition the Market Establish Influential Relationships Enable Sales Thought Leadership Collect and Distribute Proven Competitive Counter Tactics 3-Way Product Development Input Compile Successful Value Proposition Templates Identify Competitor’s Strategy and Tactics If Marketing or somebody does not provide these support inputs then Sales will attempt to do so. Marketing Results Tracking Procedure Conduct Win / Loss Analysis and Implications Identify Competitors’ Strategy and Tactics Competitive Positioning Collect and Distribute Proven Competitive Counter Tactics for Ease of Entry 3-Way Product Portfolio Origin and Optimization Value Selling Process Enable Sales Thought Leadership Craft Value Statements Value Tracking Develop Industry Press Releases and Announcements Development Input Precondition the Market Segmentation and Engagement Assistance in Qualifying Opportunities Targeting Industry Guide Sales to Target Leadership Market Segments Value Identification and Articulation Compile Successful Value Proposition Templates Craft High-Level Business Impact Message Sales must accept the responsibility to provide marketing with the inputs needed to create an aligned partnership capable of executing a defined go to market sales strategy. Establish Politically Influential Relationships Disseminate Results Analysis