Money for Nothing and Leads for Free

Challenge: Turn your customers into your best lead generators.   

Salespeople have very short memories.  Certainly the old adage, “what have you done for me lately” springs to mind.  Unfortunately, lead generation programs often have diminishing marginal returns – meaning that as you look to drive more leads, often the conversion rate to sales will drop.  So just driving more leads will not necessarily drive profitable growth.  So what is a marketer to do?

No one can better advocate for you than your customers.  Leveraging your customers to speak to your prospects is an ideal way to drive new leads.  Current customers understand the challenges prospective customers face and exactly how your solution can address their needs.  The materials coming from your company are ‘discounted’ in terms of their value.  Prospects come to your website for data sheets, demonstrations, solutions and even customer case studies and videos.  However, even case studies sometimes feel ‘produced’ by your organization.  Prospective customers are looking for ‘the real story’ about your organization, and they’d rather get it from other customers.  But how can you systematically gather the details about your current customers in terms of their deployment, usage and benefits?  You need information like industry, geography, use case, competitive comparisons, deployment, integration, value realized and other key dimensions related to your outbound and inbound marketing. 

Gathering data is the first step, and encouraging specific groups of customers to take certain actions on your behalf is the second step.  Both are challenging tasks, especially the latter because these customers are busy and have many other things to do BEFORE helping you!  The solution – make it fun and competitive.  There is a new social media tool that encourages your customers to become advocates – it is called Influitive (www.influitive.com).  This tool uses gamification to make it fun AND easy to be an advocate for your company.  The concept of gamification (gam(e) +‎ -ification) is hot (http://gamification.org/) in B2B marketing.  With Influitive, you create challenges for your customers and reward them with points as they meet those challenges.  For instance, you might reward them for Liking you on Facebook, re-tweeting one of your posts, commenting on a blog post, serving as a customer reference, taking a customer reference sales call, or any number of other actions.  Your customers can use these points for value added items like training, time with executive staff, access to a product roadmap presentation, company apparel or any number of other items.  You’re limited only by your creativity!

The result?  You’re able to create your own competitive environment for customer advocates to earn points by advocating for your company and its solutions.  You turn your best and most loyal customers into an extension of your marketing team.  They can take natural steps and actions that fit within their interest and ability.  This product is currently in beta – so stay tuned to see more developments.

Lesson: Leverage your most valuable asset – your customers – to drive new prospects!

Advertisements

Author: Larry Stein at TechMarketingStrategies

For the last 20 years, I have led demand generation teams supporting high growth technology companies. Now working as an independent consultant, my responsibility is to apply best practices in the creation of these programs. My goal is to enable marketing teams to become self sufficient with a data driven culture of KPI's, test and measurement in service of achieving company revenue targets. My approach is to work with senior management identifying objectives and wildly important goals. With these in mind, we work together to build programs, processes and systems that will reach these goals along with the measurement KPI's to evaluate progress. Along the way we will enable the team to manage and maintain these systems so achieving these goals becomes a natural cadence of the marketing organization.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s