Posts

Content Can Differentiate Industrial Companies When There’s Parity in Value Propositions

A Value Proposition plays an important role in differentiation, which in turn affects lead generation. Yet, if you read the content on most industrial websites, they tend to sound similar within each industry. Most manufacturers and industrial companies make generic claims that are often copied by their competition and lack validation.

How do you rise above the noise when there is so much parity in Value Propositions?

There are experts who are more qualified than I am in crafting a Value Proposition that is so unique to a company that it cannot be easily duplicated by others. However, my clients look to me for answers for overcoming their lead generation challenges using my knowledge and experience in industrial marketing.

One strategy that has consistently produced good results for my industrial clients is using the power of industrial content marketing. You’ve probably heard that before so what’s different about what I’ve just said?

Let me answer that by giving you some specifics:

Read more

Manufacturing Infographics for Content Marketing

Infographics, short for information graphics are hot right now. It seems everyone is creating one these days. Infographics have been around for a while and are used to communicate complex concepts visually and easily. If done right, they can be very effective in content marketing for manufacturers and industrial companies.

In the early stages of lead generation, you are primarily dealing with “suspects” – people who you have not yet qualified as prospects or leads. For top of the funnel content, infographics are very effective because of their focus on educating the reader rather than being product-centric.

Even though suspects may not fit your ideal customer profile, they may be people who will share your content if they find it worthwhile and interesting. Infographics fit the bill the perfectly for this purpose. Shareable content increases awareness about your company and drives more traffic back to your site or blog. Filling the top of the funnel with interested readers is one of the key objectives of content marketing.

Read more

Manufacturers Need Lead Management to Close the RFQ Gap

Talking to manufacturers and industrial companies on a daily basis has convinced me that when they say they need help with their lead generation, they really want more RFQ (Request For Quote) opportunities.

Generating new leads, qualifying and nurturing them until they turn into a RFQ is too much work for them. For a real-life example of this lead generation disconnect, read my post, Manufacturers: Don’t Start a Lead Generation Campaign without Sales.

During my internal discovery process, in nine out of ten cases, I’ll hear the President/CEO/Owner of manufacturing or industrial companies tell me one of their goals is to double the volume of RFQs they generate. To most of these decision makers winning new business is strictly a numbers game. They are convinced that the more they quote, better are their chances of scoring more deals.

I have to politely disagree with them because “activity is not the same as productivity.” It is not an easy sell for me to change this mindset. I have to make a strong business case before I can even get their attention.

Here are the steps I go through to change their minds and have worked well for me:

Read more

Use Content Marketing to Manage Industrial Sales Funnels

B2B and industrial marketers are usually tasked with two main responsibilities:

  1. Fill the top of the sales funnel (ToFU) with high quality leads
  2. Maximize the middle of the funnel (MoFU) for converting more leads into sales opportunities

Achieving those two objectives are difficult enough, now add to that the constant pressure of having to lower the cost per lead at the same time. That’s why more B2B and industrial marketers are turning to content marketing to lift their lead generation ROI.

Several studies have shown that these lead generation challenges hold true across the board in B2B marketing. According to the recent MarketingSherpa’s B2B Marketing Benchmark Survey (June 2011) of more than 1,700 B2B marketers:

52% of the companies reported, “Converting qualified leads into paying customers” (MoFU) as their biggest challenge. This was followed by Lead Generation (ToFU) at 48% and Lead Nurturing (MoFU) at 40% (See chart).

Read more

Why Your Sales Funnel May Run Dry Without a Business Blog

Happy New Year!

Are you leaving additional sales leads and revenues on the table?

Industrial marketers who don’t use a business blog are missing a key component of feeding the top of their sales funnels. By not using every opportunity to generate high-quality leads, they may be leaving money on the table.

You can find lots of online articles about the advantages of using a business blog for building thought leadership, communities and humanizing your company. A business blog will help you do all that but what about finding new leads and more sales opportunities?

The answer is a resounding yes. A business blog is a powerful online marketing tool for inbound lead generation. A continuous stream of high-quality leads to feed the sales funnel and keep it humming is the lifeblood of industrial marketing.

To prove my point about business blogging for lead generation, here is an eye-opening statistic – marketers with blogs generate 67% more leads. The chart below shows the difference between B2C and B2B companies.

Read more

Marketing Automation vs. Inbound Marketing

If you believe everything you read (and lately there’s been a lot) about marketing automation, you’d think it is the killer app to solve all your lead generation problems.

Then there are scores of B2B marketers who swear by inbound marketing as the path to lead generation nirvana.

How do you separate hype from reality, especially when it comes to industrial marketing? Are we comparing apples to oranges when we talk about marketing automation versus inbound marketing?

Let’s take a closer look at both.

How manufacturers are marketing today

“Quality of leads delivered” was considered as most important by 464 respondents from the manufacturing sector as reported in Trends in Industrial Marketing 2010 released by GlobalSpec. It scored 8.6 on a scale of one to ten. This was way ahead of quantity of leads and number of click-throughs to a company’s Web site. Read more