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  • Added for You - B2B Marketing Accountability: 5 Ways To Prove Your B2B Marketing Efforts Are Paying Off

    Taking it to the Bank
    I was watching an episode of Grey's Anatomy the other night and one of the characters had received a check from a patient that had died. The amount of the check was $8,700,000. Throughout the entire show her roommates kept encouraging her to deposit the check but she kept procrastinating taking it to the bank. Although she kept telling people she was now a millionaire, she was not. Being a millionaire was certainly within her reach, but she just never could take the final step ne
    ink about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site.

    Pointing out the number of marketing projects completed, and all the work steps involved, can be a real eye-opener to others who are completely unaware.

    Always be ready to make your case

    I recommend that you block out a couple of hours to create your business-to-business marketing accountability reports every month so you'll always

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    There's a lot of hype about the medical transcription industry being an easy career choice. Some people even believe all that hype. It is a great career and you'll make good money. The hype comes from people selling correspondence courses telling you how easy it is. But the only question you should ask yourself is, is this a good career for you and would you enjoy it? Medical transcription just might be a good career for you. I want to go over the pro's and con's of the medical trans
    Your boss wants to see evidence that the money and resources invested in the company's business-to-business marketing activities are really paying off. You start to sweat.

    Relax. It is surprisingly easy to prove that B2B marketing is contributing to your company's bottom line. Here's how.

    Show the relationship between your marketing and your revenue

    Start by looking for sales and revenue that can be linked to marketing activities. Simply compare lists of new customers or invoices to companies or prospects in your marketing database and look for matches. You don't have to find every sale that resulted from your marketing activities. Sometimes all it takes is one big sale to justify a campaign.

    If sales haven't closed yet, count the number of qualified leads and use estimated conversion rates and average sales size to quickly determine the sales potential of those leads. Or look at the forecasted sales in the company's CRM system and compare them to the database of prospects, inquiries or qualified leads.

    You can also send "Did you buy?" surveys to inquirers and qualified leads, using their answers to show that the prospects being targeted by your marketing are buying from you or the competition. Ask if they bought, and if so, from whom. Ask why and how much they spent. If your sample size is large enough, you can also use the answers you receive to estimate the number of sales and the amount of revenue that are represented by all the inquiries and leads you've generated.

    Show how much you saved the company

    Just give it some thought and you'll probably come up with a list of things you've done to save your company money or time. For example:

    - Printing and postage savings after cleaning the mailing list or delivering the company newsletter by e-mail.

    - Savings accomplished by offering electronic versions of literature.

    - The money you saved by eliminating non-productive marketing activities

    - Time and money saved by automating the capture of Web forms and eliminating some manual data entry.

    Show other ways your marketing is more effective

    This can range from showing how many more prospects you reached with your marketing messages to indicating the improvements that have been made in cost per impression, cost per inquiry, cost per attendee or cost per qualified lead.

    List all the marketing projects your marketing team completed

    Marketers often don't think about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site.

    Pointing out the number of marketing projects completed, and all the work steps involved, can be a real eye-opener to others who are completely unaware.

    Always be ready to make your case

    I recommend that you block out a couple of hours to create your business-to-business marketing accountability reports every month so you'll always

    Business Card Printing Costs II
    You can even improve on that figure in the long run, if you're willing to invest a little bit of money at the start. A good laser printer can handle card stock, and the Avery corporation manufactures business card printing kits that include pre-perforated card stock sheets and software plugins for standard word processing and desktop publishing software. This allows you to lay out and design your card yourself, print it, and finish it without taking your business to the copy store
    esulted from your marketing activities. Sometimes all it takes is one big sale to justify a campaign.

    If sales haven't closed yet, count the number of qualified leads and use estimated conversion rates and average sales size to quickly determine the sales potential of those leads. Or look at the forecasted sales in the company's CRM system and compare them to the database of prospects, inquiries or qualified leads.

    You can also send "Did you buy?" surveys to inquirers and qualified leads, using their answers to show that the prospects being targeted by your marketing are buying from you or the competition. Ask if they bought, and if so, from whom. Ask why and how much they spent. If your sample size is large enough, you can also use the answers you receive to estimate the number of sales and the amount of revenue that are represented by all the inquiries and leads you've generated.

    Show how much you saved the company

    Just give it some thought and you'll probably come up with a list of things you've done to save your company money or time. For example:

    - Printing and postage savings after cleaning the mailing list or delivering the company newsletter by e-mail.

    - Savings accomplished by offering electronic versions of literature.

    - The money you saved by eliminating non-productive marketing activities

    - Time and money saved by automating the capture of Web forms and eliminating some manual data entry.

    Show other ways your marketing is more effective

    This can range from showing how many more prospects you reached with your marketing messages to indicating the improvements that have been made in cost per impression, cost per inquiry, cost per attendee or cost per qualified lead.

    List all the marketing projects your marketing team completed

    Marketers often don't think about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site.

    Pointing out the number of marketing projects completed, and all the work steps involved, can be a real eye-opener to others who are completely unaware.

    Always be ready to make your case

    I recommend that you block out a couple of hours to create your business-to-business marketing accountability reports every month so you'll always

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    Ask if they bought, and if so, from whom. Ask why and how much they spent. If your sample size is large enough, you can also use the answers you receive to estimate the number of sales and the amount of revenue that are represented by all the inquiries and leads you've generated.

    Show how much you saved the company

    Just give it some thought and you'll probably come up with a list of things you've done to save your company money or time. For example:

    - Printing and postage savings after cleaning the mailing list or delivering the company newsletter by e-mail.

    - Savings accomplished by offering electronic versions of literature.

    - The money you saved by eliminating non-productive marketing activities

    - Time and money saved by automating the capture of Web forms and eliminating some manual data entry.

    Show other ways your marketing is more effective

    This can range from showing how many more prospects you reached with your marketing messages to indicating the improvements that have been made in cost per impression, cost per inquiry, cost per attendee or cost per qualified lead.

    List all the marketing projects your marketing team completed

    Marketers often don't think about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site.

    Pointing out the number of marketing projects completed, and all the work steps involved, can be a real eye-opener to others who are completely unaware.

    Always be ready to make your case

    I recommend that you block out a couple of hours to create your business-to-business marketing accountability reports every month so you'll always

    Business Card Communication II
    This strategy works equally well with artists of any kind: a painter might include a picture of his or her best painting; a dancer might include a photograph of one of his or her dance performances. Even people whose business doesn't directly relate to the visual arts can benefit from an image-centric strategy when designing a business card. A musician might include a photo of a performance, or a photo of a room filled with musical instruments: the perfect picture of someone who kn
    ering electronic versions of literature.

    - The money you saved by eliminating non-productive marketing activities

    - Time and money saved by automating the capture of Web forms and eliminating some manual data entry.

    Show other ways your marketing is more effective

    This can range from showing how many more prospects you reached with your marketing messages to indicating the improvements that have been made in cost per impression, cost per inquiry, cost per attendee or cost per qualified lead.

    List all the marketing projects your marketing team completed

    Marketers often don't think about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site.

    Pointing out the number of marketing projects completed, and all the work steps involved, can be a real eye-opener to others who are completely unaware.

    Always be ready to make your case

    I recommend that you block out a couple of hours to create your business-to-business marketing accountability reports every month so you'll always

    Why Mentors Matter To Your Career
    Mentoring is not a common business practice these days. That's too bad - whether you are looking for a job or simply managing a burgeoning career, a mentor can be of assistance.A good mentor will provide impartial advice, coach you and answer questions, help prepare you for unfolding career challenges, and may teach you new skills. For example, he or she may use role playing to prepare you for tough interviews. A mentor may even be able to help open some doors, enabling you to
    ink about their own productivity when justifying the money the company invests in marketing. Unfortunately, people quickly forget what happened last month or last quarter. Or they simply have no idea what's involved in creating a mailing or designing a new Web site.

    Pointing out the number of marketing projects completed, and all the work steps involved, can be a real eye-opener to others who are completely unaware.

    Always be ready to make your case

    I recommend that you block out a couple of hours to create your business-to-business marketing accountability reports every month so you'll always have up-to-date results at your fingertips. If you're pressed for time, use an intern or temp to do it for you.

    Your results may vary, but consider this ...

    A marketer I know recently reported to her management that awareness of their company and products among target prospects more than doubled, the cost per qualified lead delivered to sales by marketing dropped by nearly 40 percent, 58 percent of the opportunities in the sales pipeline were found first by marketing, and 48 percent of the sales closed and 62 percent of the revenue during the past 12 months came from marketing-generated leads.

    The result? She received a bigger marketing budget and senior management executives no longer doubt marketing's contribution to the company's success.

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