I’ve been startled by the lack of willingness of marketing teams to experiment with initiatives outside of traditional email and content marketing.
This default to “do what we know” mentality is a blind spot for businesses that want to grow, especially if they’re competing in crowded or hyper-competitive market segments.
In the past few years, we are seeing some traditional B2B marketers skipping big-budget initiatives of conventional marketing in favor of low-cost options that salespeople love and, that leads to growth and engagement with their customer base.
For example, we helped one of our clients execute a survey to forty of their top customers and prospects to uncover potential needs to support new account acquisition, up-sell and cross-sell of products and services. The survey consisted of four easy-to-answer questions, where the company would submit a $50 donation in their name to the charity of their choice for completing the survey. The results were off the charts, and salespeople engaged in meaningful conversations with more than half of the twenty-five individuals that completed the survey. The initiative itself isn’t what made the difference. Success came from the approach and team they put together to make it happen.
This experiment was designed to test two primary variables – marketing to a small population with a targeted, yet non-traditional message and involving salespeople at a level that is not possible with large scale initiatives.
The volume of leads was barely a blip in the monthly lead volume generated by the company. However, the experiment proved more than just good ROI. The marketing team discovered how significant sales team involvement in marketing campaigns could be, and that lower-budget, non-traditional initiatives have a place in the marketing initiatives portfolio.
Speak with your marketing team and explore if they are conducting marketing experiments. If they are, probe for their learnings and insight. If they aren’t, nudge them to try a few. Remember, the objective isn’t solely to measure ROI!