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True or False: It’s easy for
publishers and content producers to generate leads.
False. Actually it’s really hard.
Why? Because people don’t like to be leads. People don’t want to
register and be followed up with by a salesperson. They want to learn
about your product in their own way and if they are interested, they
will contact you. We find that more than 50% of the people who are
interested in reading your white paper will turn away when they realize
that they have to register and agree to be followed up upon. This makes
it hard for content producers to generate your leads.
True or False: People like it when
your salespeople phone them up after reading your White Paper.
False. People hate being
interrupted by a phone call from a salesperson — don't you? In surveys
across SD Times, Systems Management News and Software Test & Performance
magazines, fewer than 2% of the respondents wanted to be contacted by
phone.* So instead of annoying your prospects with phone calls, consider
following up with e-mail and perhaps an offer to subscribe to your
company newsletter. In addition, requiring your Lead-Gen provider to
collect phone numbers will drop your response by at least 30%. Those are
people who want to learn about your company and solutions, but are
turned away by the hard sell.
* Readex Studies: Nov 15, 2008, SD
Times; July 2008, Software Test & Performance, July 15, 2008, Systems
Management News. Question was: “How so you prefer to be marketed to by
software tool companies?” Multiple choice listing.
True or False: All you need is
White Paper Leads.
False. Most busy IT and software
development managers don’t have time to educate themselves randomly. By
the time they get to reading white papers they are pretty serious, at
least about the technology, if not in making buying selections. But if
all you do is lead-generation programs, you are missing many customers —
customers that your competitors are selling.
Let’s say you have a white paper on
virtualization… or static analysis. Frankly, most white-paper topics are
well covered by your competitive set. Busy technical managers aren't
going to read every vendor-written white paper on a topic. Instead,
they’re generally going to read technical documents from companies they
have heard of, and about products they are comfortable with. And that
means companies that have increased their brand awareness among their
target audience using brand preference-building media like print
advertising along with their lead gen programs. You need a balanced
meal, not just protein or dessert.
True or False: If you just generate
2,000 Leads per quarter, your job will be safe.
False. You are a marketer.
Marketers market. An over-obsession with lead generation without
integrating other forms of media would be like eating all your meals at
McDonalds (oh, that’s been done). You may think you are being fed, but
long-term your company’s business is going to suffer. Many people don’t
want to become “a lead” and will go to great lengths to avoid becoming
“actionable,” to you and your sales team.
Prospective customers want to learn about
you the way they want, at their own speed in their own way. That means
many good prospects will not be in your lead pool and you will not be
reaching them. You need to make your product offering available to
prospects in a balanced, integrated manner using targeted print,
face-to-face exhibitions, banners, newsletter sponsorships and webinars
along with the ubiquitous White Paper programs to reach your prospects
and increase sales. When sales drop, so does marketing headcount.
True or False: Branding and
awareness have little to do with Lead Generation.
False. Thinking of cutting our
branding and awareness programs to spend it all on lead generation?
Think again. Your marketing effort may survive the short term but it
will underperform and be malnourished. Why? Because prospective buyers
don’t know who you are, what you stand for, what you make, whether you
are a solid company or a fly-by-night operator. So many prospect will
skip it and wait until the information they need comes to them from a
trusted supplier, a vendors that they know they can count on to be in
the business for the long term.
Size doesn’t matter either! If no one has
seen an ad from Compuware in the last 18 months you can bet Compuware is
no longer on buyers' minds. (Oops, did we say Compuware?). Buyers want
to know that you are committed, before they’ll commit their precious
time to your white paper. Awareness and preference-building need to be
used hand-in-hand with lead gen to reach your best prospects.
True or False: A Lead is a Lead is
a Lead.
False. Sure. just like bingo-card
names are great leads. Which would you prefer? A lead that knows who you
are, has been following your company and seen your print ads, your
banners and your presence at shows? Or some random tire-kicker with time
on his hands to read white papers from strangers? Lot of unemployed
people out there reading white papers to prep for job interviews…
By using targeted print advertising,
face-to-face exhibitions, banners, newsletter sponsorships and webinars
along with your white paper lead-gen program, you’ll reach better
informed prospect who know why they are reading their white paper.
Rather than curiosity seekers, they know exactly who you are and why
they are reading: because they’re serious.
True or False: You customers and
prospects like to read white papers.
True and false. Yes and no.
Prospects get information from a variety of sources. Just as in real
life different people prefer mysteries to romances to comedies, your
prospects have a variety of ways they may want to be marketed to. For
example, in an August 2008 survey of SD Times readers, 66% said they did
NOT want to read vendor-written white papers. That means that by just
doing white-paper lead generation you are missing are large number of
potential buyers In fact, here is how this buying sample does want to be
marketed to by you:
62% Print Advertising
44% Vendor White Papers
42% Trade Shows
32% Webinars
28% Analyst Reports
15% direct postal mail
0% phone call from salesperson
True or False: The content of your
white paper isn’t that important. A data sheet will do, as long as you
get those dang leads.
False. BZ Media has executed
hundred of white paper lead generation programs for companies and the
quality of the content makes a difference. Not only are these programs
more difficult to fulfill, but a sloppily created white paper or a sales
data sheet is a poor reflection on your company. Essentially it’s a
bait-and-switch and your sales team is likely to be met with hostility
after someone went to the trouble to register and was presented with
specs and a price instead of the useful technical information they were
promised. That's a lousy way to make a first impression with a hot
prospective customer, isn't it?
Lead generation is a wonderful tool
— but it is just one piece of an integrated marketing program. For more
information on how BZ Media can help you achieve your marketing goals
using print, lead generation, face-to-face, banner and e-newsletter
marketing, please contact Ted Bahr at
ted@bzmedia.com |