Does your Go-to-Market strategy need a numbers detox? In this conversation, Theresa Anderson champions the idea of shifting away from focusing solely on numerical targets, such as the count of marketing or sales-qualified leads. Instead, she proposes a more organic, intricate approach that values quality over quantity.
Theresa deconstructs popular attribution models, where marketing, sales, and customer success function independently, often leading to unpredictable outcomes, including selling products that customers don't necessarily need. This situation can cause premature customer churn - a critical predicament most businesses face today.
To curb such counterproductive effects, Theresa pushes for a "go-to-market" approach. This strategy fosters a more concerted effort from all departments, working towards a shared revenue goal. This approach spurs the thought that it's not just about reaching the numbers; it is more about finding the right customers for the right products and nurturing these relationships over the long term. Theresa emphasizes the necessity for all teams to share a common incentive - overall growth. To achieve this, there should be consistent information sharing across all departments.
She also underscores the significance of certain marketing activities including A/B testing campaigns that allow marketers to capture well-fitted customers better. Rigorous measurement of these strategies is equally important to keep pace with the volatile market trends.
Webinars stand out as essential tools in successful marketing strategies. Evidence points to an approximate 92% adoption rate by marketing teams. However, in using webinars, the emphasis should be on the quality - gauging its relevance to the attendees rather than the quantity - the volume of the attendees. Another key point is to listen meticulously to the target audience, actively engaging in communities with potential customers, and using this data to tailor the 'webinar' topics.
In the end, it's all about bridging better alignment among the marketing, sales, and customer success teams. There should be a robust feedback loop to ensure everyone is working towards the same goal. Metrics for successful marketing strategies ought to include customer referrals and the value they bring in the long term.
Ultimately, it is crucial for marketers to be adept at speaking a language the leadership understands, especially in terms of return on investment (ROI). This translates to advocating for a go-to-market motion and eventually leading businesses towards a path of sustainable growth.