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The 4 Most Effective Customer/Lead Acquisition Strategies - Paxton Projects

The 4 Most Effective Customer/Lead Acquisition Strategies - Paxton Projects | The MarTech Digest | Scoop.it
1 – Paid Acquisition (I want fast growth)
Paid acquisition tips:
Always add value.
Align your ad, targeting and website experience with your ideal customers
Target your ideal customers first then branch out
Work out your benchmarks (CPA, AOV, LTV)
Be organized and be prepared to do the boring work (rinse & repeat what works)
 
2 – Viral Acquisition (I want huge growth)
This strategy is by far the cheapest way to acquire emails, social followers and more. All you have to do is follow the below steps.
1 – choose a prize that your target audience would get excited about.
2 – build a contest (lots of tools which help you do this)
3 – launch the contest
4 – market the contest
5 – watch the viral growth happen.
 
3 – Join Venture Acquisition (I want guaranteed growth)
Some examples of this:
Joint email promotion.
Joint event and sponsorships (e.g. web summits)
Guest appearance on podcasts
Join contests (what we discussed above)
Joint product launch
 
4 – Content Marketing Acquisition (I want long-term growth)
The best types of content are:
Resource lists
Case studies
Best xxxxx (like this post)
In depth product reviews & comparisons
Personal story (I had this problem & this is how I solved it)
Marteq's insight:

Most B2B marketers reside in #4, but often ignore #3.  Much more detail when you click through.

 

Click/tap to view the original article.

This news comes to you compliments of marketingIO.com. #MarTech #DigitalMarketing

Ryan Alford's curator insight, October 3, 2017 12:45 PM

Most B2B marketers reside in #4, but often ignore #3.  Much more detail when you click through.

 

Click/tap to view the original article.

This news comes to you compliments of marketingIO.com. #MarTech #DigitalMarketing

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Measuring B2B’s digital gap | McKinsey & Company

Measuring B2B’s digital gap | McKinsey & Company | The MarTech Digest | Scoop.it
We looked at B2B versus B2C Digital Quotient scores across the four dimensions and also peered into the survey data for details on underlying practices for each dimension.

Strategy—attention deficit. B2B companies are behind B2C companies in how they use digital tools and data to set strategy. They often treat overall strategy and digital strategy differently. 

Organization—beyond legacy structures. Most B2B players haven’t taken concrete steps to mobilize the organization around digital tools and data. 

Capabilities—skills deficit. With lower levels of strategic focus and organizational discipline, it’s not surprising that B2B companies are behind those in the B2C sector in digital capabilities. 

Culture—a firm base. On average, across cultural DQ measures, B2B companies aren’t far behind their average B2C counterparts in core areas such as trust and internal and external agility.
Marteq's insight:

Well, #4 is heartening. Need to get off the hamster wheel, folks.

 

marketingIO: MarTech for B2B Marketers. Strategy, Software, Services, Support, Staffing.  Go here to submit RFQs. #MarTech #DigitalMarketing

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CMOs Are Behind On Disruptive Growth [Research] - Marketing Insider Group

CMOs Are Behind On Disruptive Growth [Research] - Marketing Insider Group | The MarTech Digest | Scoop.it
According to the Accenture research, disruptive growth is defined as “driving the disruptive growth agenda and generating new value for the business.”

There appears to be a misalignment on business priority and accountability. Only 37% of the CMOs surveyed by Accenture viewed disruptive growth as very important and are committing time and resources on innovation. And yet, three in four CMOs say they have total or a significant control of levers that drive disruptive growth at their organizations.

To get started with leading disruptive growth initiatives at their organizations, the Accenture research points out that CMOs need to first make their marketing priorities disruptive. They need to develop their disruptive growth strategy around these objectives:

Focusing on an outcome-driven orientation rather than product or service orientation
Improving and eliminating any friction from the customer experience
Tapping into customers’ unmet needs and creating new needs
Marteq's insight:

marketingIO.com bridges the gap between your MarTech and your in-house experience. Contact us. #MarTech #DigitalMarketing

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CMO Spending is on the Rise (Again!) - Gartner

CMO Spending is on the Rise (Again!) - Gartner | The MarTech Digest | Scoop.it
Marketer's have allocated 12% of company revenue to the marketing expense budget to last year’s 11%.

CMOs have taken on responsibility for aspects of sales, IT and customer experience functions in 30% or more organizations.

27% of the marketing expense budget is now allocated to technology, or 3.24% of revenue in 2016 vs. CIO’s tech budget of 3.4% of revenue.

We’re also seeing a strong correlation between a CMO’s willingness to share in the risk and the size of the budget they’re able to command. 

While the majority of marketing leaders expect budget increases again next year, the percentage of marketers bracing for a cut has grown nearly 5X from this time two years ago.
Marteq's insight:

Highlights from the subscriber-available report.

 

Email your comments to joe_rizzo@marketingIO.com. I’ll publish it here. marketingIO: One Source for All Marketing Technology Challenges. See our solutions

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An Existential Threat - Forrester

The way forward is complex, but here are a few hints on how you should manage now. 1) Ask your CIO to parse out how much of his or her budget is IT (internal technology) versus BT. Depending on your industry, you should be in the 70/30 range, with a long-term plan of moving to 50/50. You will drive revenue and customer experience with BT -- guaranteeing your company's future. 2) Assess your CIO as to whether he or she has the capability to actually build and manage BT. If he has a high operational IQ but a low customer IQ, you may have the wrong horse for this race. 3) A noxious idea in the tech space is increasing your risk -- "Bi-Modal IT." This philosophy mandates slow change in core systems -- a risk that could ultimately sabotage your customer-facing systems, as we have seen recently in the Delta Air Lines outage. If your CIO is espousing this approach (versus a speedier strategy), your antennae should go up.

Marteq's insight:

Absolutely, positively applies to the Marketer.

 

NEW: Experience Remarkable Planning Accuracy With New, FREE Growth Hacking Tool. Go here: http://goo.gl/UjcA8x 

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A Critical Shift is Happening in Technology Markets - Gartner

A Critical Shift is Happening in Technology Markets - Gartner | The MarTech Digest | Scoop.it
While investment in new technology for products and services continues to be a priority (55% of the CEOs ranked it in their top 2), a focus on innovating in the way their companies engage with customers was a top priority for more CEOs (58%).      They are recognizing that changing market conditions, particularly more tech-savvy business buyers, requires them to become more industry and business focused, to adapt their sales practices, and to think about new delivery models.

And, more importantly, they feel this shift is paying off where it counts.  42% of the CEOs cited improvements in customer experience and service as the key change that has driven more wins (Incidentally, the combination of new or better products was only 15%).
Marteq's insight:

NEW: Experience Remarkable Planning Accuracy With New, FREE Growth Hacking Tool. Go here: http://goo.gl/UjcA8x 

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How to Make Progress on Your Marketing Excellence Journey [Infographic] - Profs

How to Make Progress on Your Marketing Excellence Journey [Infographic] - Profs | The MarTech Digest | Scoop.it
General Management - What do best-in-class marketers do better and differently in their pursuit of marketing excellence? Find out in this infographic, packed with data from our annual benchmark study.
Marteq's insight:

marketingIO: One Source for All Marketing Technology Challenges. See our solutions.  

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10 secret ingredients of a 10x marketer | Search Engine Watch

10 secret ingredients of a 10x marketer | Search Engine Watch | The MarTech Digest | Scoop.it
They understand the importance of structured data – and build marketing as such

They know vendor weaknesses and tech idiosyncrasies

They automate for the win

They speak multiple business languages – finance, tech and operations

They build great relationships – but don’t treat fools gladly

They can measure their performance – but also know the grey area

They take joy in creative optimisation

They bring energy and urgency to their teams and colleagues

They really understand the customer

They don’t stop learning
Marteq's insight:

And they have a kick-butt product desired by a market, which often makes a fool look like a genius.

 

marketingIO: One Source for All Marketing Technology Challenges. See our solutions.  

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How to Gain Focus and Define Your Strategy: A Template - Profs

How to Gain Focus and Define Your Strategy: A Template - Profs | The MarTech Digest | Scoop.it

marketingIO: One Source for All Marketing Technology Challenges. See our solutions

Marteq's insight:

More blocking 'n tackling, i.e., the basics.

Farid Mheir's curator insight, December 8, 2015 3:41 PM

A very simple template to help you create mission, vision, strategy, objectives and tactics - and stay away from most common mistakes

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How Executives Feel About Tech: Top Opportunities and Fears - Profs

How Executives Feel About Tech: Top Opportunities and Fears - Profs | The MarTech Digest | Scoop.it

marketingIO: One Source for All Marketing Technology Challenges. See our solutions.

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CEOs, CMOs, And Executive Recruiters Make Predictions For Marketing Leaders in 2016 - Forbes

CEOs, CMOs, And Executive Recruiters Make Predictions For Marketing Leaders in 2016 - Forbes | The MarTech Digest | Scoop.it

marketingIO: One Source for All Marketing Technology Challenges. See our solutions.

Marteq's insight:

Some insightful, some with a grain of salt, none will take place overnight.

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Avoiding Pitfalls of Go-to-Market Model Adoption - SiriusDecisions

Avoiding Pitfalls of Go-to-Market Model Adoption - SiriusDecisions | The MarTech Digest | Scoop.it

marketingIO: One Source for All Marketing Technology Challenges. See our solutions.

Marteq's insight:

Don't forget about outside constituents: suppliers, partners, shareholders, BOD, VCs, etc.

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You’re Still Modeling Growth Incorrectly - TechCrunch

You’re Still Modeling Growth Incorrectly - TechCrunch | The MarTech Digest | Scoop.it

Predictive Analytics is the next step in Marketing Automation. 

Marteq's insight:

Psssst...the secret is....Work. Backwards. Click through for insight.

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CMOs' Top Goals and Challenges - Profs

CMOs' Top Goals and Challenges - Profs | The MarTech Digest | Scoop.it

MarTech requires constant optimization to continually squeeze ever improving performance. No time for continual CRO? Contact us.

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Innovation Excellence | Peter Thiel’s 4 Rules For Creating A Great Business

Innovation Excellence | Peter Thiel’s 4 Rules For Creating A Great Business | The MarTech Digest | Scoop.it

iNeoMarketing’s Outsourcing delivers the vetted talent you need under your complete management and control. Contact us to see how.

Marteq's insight:

More than just rules: a Theorem. 

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SaaS Companies New Business From Free Trials and Freemium - Marketing Charts

SaaS Companies New Business From Free Trials and Freemium - Marketing Charts | The MarTech Digest | Scoop.it
While 37% of respondent companies do not use freemium offerings or free trials to attract new business, one-third of those who do generate a majority of their new business from the model. That’s according to a study from Totango, which also finds that more companies are placing a high emphasis on new customer acquisition than on customer retention or upsells. Among the metrics identified, the largest share of respondents track unique website visitors (78%), with churn (74%) close behind. With respect to churn, the report notes that 35% of companies see annualized levels higher than 10%, while 31% are in the 5-10% range and the remainder seeing levels between 0 an 10%. Churn rates tend to be higher for high-growth companies.


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Marteq's insight:

You have to combine the no business and very little business (<10%), and you can conclude a 50-50 shot at generating business from this strategy.

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Why Human Capital must fuel Digital Transformation - Enterprise Irregulars

Why Human Capital must fuel Digital Transformation - Enterprise Irregulars | The MarTech Digest | Scoop.it

Excerpt...


This isn’t about waving a magic wand from the CEOs office. This is as much about functional transformation and perhaps even more so. And one of the most critical functions must be Human Resources. Human capital is at the center of this evolution to digital but it will require leadership and a rethinking of what goals and performance means as strategy and execution levers change, the new role of creators, marketers and sellers of digital products, both the need to learn and un-learn competencies, and real-time resource and skills analytics. Today’s very systems-centric discourse on Core HR, Talent Management and creating silo’d networks for employees, customers and partners just doesn’t stack up.

 

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Marteq's insight:

More applicable to the marketing function than any other function, given that marketing tech spending is forecasted to exceed IT spending. HR needs to be a vital partner to marketing as it transitions to data-driven.

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Why You Shouldn’t Hire a Marketing Consultant - QuickSprout

Why You Shouldn’t Hire a Marketing Consultant - QuickSprout | The MarTech Digest | Scoop.it

Digest...


Here’s why you shouldn’t hire a marketing consultant:


Consultants aren’t miracle workers

A lot of small and medium businesses hire consultants because they are looking for miracles. I hate to break it to you, but no consultant is going to take a business that is doing very little in revenue and quickly turn it around. You need to figure out how to create a sustainable business on your own. That’s what being an entrepreneur is all about. If it were easy, everyone would do it instead of working 9 to 5 jobs.

 

You can’t build a skyscraper without laying the foundation

Without a good product or service offering, your business is bound to fail. To prevent that from happening, you need to figure out how to create a business model that allows you to get paid for solving other people’s problems. Don’t worry, your business doesn’t have to be unique. It just has to be different.

 

You need to walk before you run

In essence, you have to try to market your own business first. From optimizing your code for search engines to building your social media profiles and implementing your content marketing, you need to test these initiatives on your own. Here’s what I recommend you do:

-- >  Optimize your code for search engines

-- >  Speed up your site

-- >  Start a blog

-- >  Interact on the social web 

 

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Marteq's insight:

Moral of the story: a consultant can make the good better. A consultant cannot (and should not) make a bad thing good.

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Avoid the Top Four Fatal Startup Mistakes of 2013 - Re/code | #TheMarketingTechAlert

Avoid the Top Four Fatal Startup Mistakes of 2013 - Re/code | #TheMarketingTechAlert | The MarTech Digest | Scoop.it

Advanced/ Digest...


Here are some of the pitfalls to avoid:

  -- >  Focus on managed growth over a hiring frenzy: Always manage growth over aggressive hiring.

  -- >  Innovate or die: Take calculated risks as you adapt and innovate.

  -- >  Shout it from the rooftops: If you’re open to being open, you may well find that customer feedback prevents you from making mistakes, or gives you ideas for features you had not considered. Once you’re visible, you may well hear about potential competitors you never knew existed. You also need to know that being first to market isn’t what it’s all cracked up to be, as your competitors will learn from your pioneering screw-ups.

  -- >  Communicate with your customers: You might not yet have millions of customers to handle, but you should act and respond like you’re a big company. Hopefully, you don’t have too many employees, you believe in openness and frequent communication and, in particular, you can adapt as needed.

 

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Marteq's insight:

For the innovators and entrepreneurs, as well as those in start-up mode be it a new company or a new division.

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CEOs Don’t Trust Marketing – What’s The Solution? - KISSmetrics | #TheMarketingAutomationAlert

CEOs Don’t Trust Marketing – What’s The Solution? - KISSmetrics | #TheMarketingAutomationAlert | The MarTech Digest | Scoop.it

Intermediate/ Summarized...


Seven keys to success in 2014:

1. Create a plan that integrates digital marketing

2. Develop a consistent and relevant brand story

3. Create value: design marketing that serves someone

4. Plan to innovate and re-imagine

5. Set manageable objectives and KPIs

6. Set and maintain a strategy (the most important step!)

7. Optimise, optimize, optimize…

 

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NEW: iNeoMarketing makes content marketing easy with the new Q8 Content. Q8 fills your content pipeline daily with relevant articles that your audience wants to read. Learn more and sign up for the beta program: http://www.Q8content.com.

 

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Marteq's insight:

Strange title for the post, as it is really an article on planning, and a very intelligent one at that. Wouldn't say that it is marketing planning, but more business planning. Excellent material that deserves a click-through for details.

Kevin Rockwell's curator insight, November 27, 2013 5:45 PM

nice infographic for you to use.

Jussara NUNES's curator insight, November 30, 2013 7:15 AM

Metrics, plan, create for digital marketing