32 Reasons to Embrace SMarketing for Accelerated Sales Growth

Last Updated: Thursday, January 5, 2017 by Robb Sands
street signs with sales and marketing pointing different directions

Updated: January 5, 2017

 

Executive Summary

 → what is SMarketing (according to some)  → what SMarketing really means  → steps to quickly implement SMarketing in your company  → why you need the SMarketing advantage for your growth Approx. Skim Time: 0min 50sec ~ 165 wordsFull Read Time:4 min 10sec~ 925 words

32 Reasons to Embrace SMarketing for Accelerated Sales Growth

What is SMarketing?

According to some, like HubSpot, SMarketing is "the process of aligning the sales and marketing teams around common goals within a business or organization, focused on improving revenue".

Unfortunately, one way HubSpot gets it all wrong is with the ongoing focus on Marketing Qualified Leads (MQL's) when company revenue depends on Sales Qualified Leads (SQL's).  Thousands of poor quality MQL's will not fill the company coffers with cash!

To some, SMarketing is co-ownership of the same old goals and objectives we've always had guiding us.

traditional marketing and sales funnels

What SMarketing Really Means

SMarketing should be thought of as combining company forces in which sales and marketing work as a single team, focusing on generating sales through co-ownership of lead generating goals, while eliminating targets having no direct relationship to sales deals.

In other words, it's sales and marketing working together to bring suspects to the website, engage with them, scoring then nurturing them based on their sales readiness until they are good candidates for a conversation directly with the sales team. It's all about getting fully qualified, sales ready leads in the hands of people who can help them become customers - and owning this process by sales and marketing teams.

Sales quotas and qualified lead generation need to be co-owned by sales and marketing so that when sales are below target, there is no more blame game in which salespeople blame poor lead quality or volume and no more blaming salespeople lack of skills for their inability to close a higher percentage of leads.

SMarketing is all about Sales Qualified Leads, and the nurturing tasks which facilitated them - without a blame game.

new combined marketing and sales funnels

Steps to Implement SMarketing

Developing a shared vision about what is a qualified lead, when one is sales ready and how to score leads as they engage with the company - these are key to implementing an effective SMarketing strategy.

1) Marketing must drop vanity metrics from their KPI's, goals and reward systems.
     example - website traffic (traffic moves independently of revenue and lead counts)
     alternative - organic UK traffic to key pages from key phrases (conversion paths)

2) Focusing marketing on Sales Qualified Leads - agreeing on qualification criteria:
     role - manager, director, VP, c-level exec
     geo - United Kingdom based
     size - companies with 51-200 employees, 201-500, 501-2000+
     type - B2B or B2C
     readiness - interest in a solution fit for their situation within near term

3) Marketing needs to nurture until a 'sales ready lead' then hand over to business development reps (BDR's) who can continue to qualify and pass to closers.

4) BDR's / sales team needs to pass back to marketing any leads which are not sales ready or who they are unable to successfully close, for ongoing nurturing and trust building.

5) More direct communication between marketing, business development and sales.

6) Agreed scoring of leads, particularly the value of key page visits, content downloads, social interactions, enquiries, demos, etc.

banner
See It In Action
Find out how top performing sales organisations are using Target Dashboard to gain a competitive advantage.

Why It Matters

2010/2015/2016 research by Aberdeen Group found that companies embracing a shared view between sales and marketing objectives:
     32% faster growth was achieved from 2015 to 2016
     20% faster growth was achieved from 2009 to 2010
     Note the increasing value of integration over time!

32% faster growth in sales revenue is an average achievement through SMarketing integration.

The Top 20% of Sales Organisations Use Best Practices 

Best of Class sales organisations who are integrating sales and marketing as:
     59% collaborate to define lead qualification
     52% have marketing-led nurturing
     41% have lead scoring

Integrated sales and marketing use lead scoring, nurturing and collaborative lead qualification.

What this means to organisations practicing SMarketing integration

Targets Achieved:
     72% beat target (integrated)
      vs
     37% beat target (non-integrated)

Deal Size Increased:
     +7.4% larger deals (integrated)
      vs
     -5.7% smaller deals (non-integrated)

Sales Cycles Faster:
     +6.7% faster deals (integrated)
      vs
     -5.7% slower deals (non-integrated)

Turnover of Sales Staff Reduced (1 turnover costs 25,000 GBP and 7.2 months to replace):
     1.2% reduced turnover (integrated)
      vs
     7.2% more turnover (non-integrated)

Double the number of staff beating targets, bigger deals, faster deals and lower turnover in integrated sales & marketing teams.

Now is the Time

Sales organisations can no longer afford to think of marketing as a luxury, of marketing goals as being counter to their sales team objectives and must see this as the time to integrate sales and marketing teams so that shared objectives are a part of every day life.  32 reasons (each 1% sales acceleration) should be reason enough to act.

Drop Marketing Qualified Leads and other vanity metrics that don't really tie directly into sales revenue and start reaping the benefits of a single-minded team which is focused on the Sales Qualified Leads, the buyer journey that gets them there and most of all - the sales success of the organisation.

man writing qualified leads on a board

Read more from the Target Dashboard Blog and find out how you can create a competitive advantage for your company.  Take the lead then outpace the competition with a minimum of time commitment on your part...

Find out how we can help you build your competitive advantage, today, with an online tour of Target Dashboard.