Column: Why Demand Generation Shouldn’t Be Focused on Marketing Qualified Leads
Column: Why Demand Generation Shouldn’t Be Focused on Marketing Qualified Leads:
My latest column on DemandGen Report, “Why Demand Generation Shouldn’t Be Focused on Marketing Qualified Leads,” appeared today.
It opens:
We’re at a crossroads in modern B2B demand generation.The column looks at our challenge as B2B marketers aligning with sales and maintaining a strategic focus on revenue, and it examines how this relates to our frequent over-focus on marketing qualified leads (or MQLs, a term coined by SiriusDecisions) in our demand generation programs.
Fifty-eight percent of marketing automation adopters cite “generate more leads” as a key motivator, according to Gleanster. Similarly, 78% of B2B marketers report “generating high quality leads” as their greatest B2B marketing challenge in MarketingSherpa’s “2011 B2B Marketing Benchmark Report.”
Yet a 2011 joint study by Vorsight and The Bridge Group noted, “On average, Sales Reps report that only 31% of all leads generated fit their Ideal Customer Profile. Said another way, Sales Reps believe roughly 70% of the leads they receive have a low probability to purchase.” And data from a recent IDC Technology Marketing Barometer Study indicates that year-over-year, between 2011 and 2012, our marketing and sales alignment around demand generation has actually gotten worse.
What’s going on?
Click here to read the entire column.
As always, I appreciate your feedback on the piece.
Filed under: Demand Generation Tagged: Adam Needles, B2B buying process, B2B demand generation, B2B lead manaement, B2B marketing, buyer-centric demand generation, demand generation, demand process, DemandGen Report, lead generation, lead management, lead-to-revenue, Lori Wizdo, marketing automation, Marketing Qualified Leads, MQL, Sales Developed Leads, Sales Ready Leads
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