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Key Pointers From The State Of Pipeline Marketing Report 2017

The State of Pipeline Marketing Report
Alignment between marketing and sales has been an ongoing discussion in the business world from the time when corporates have come into existence. Sales professionals have been long complaining that the leads provided by marketers are not good enough and marketers have been complaining that salespeople don’t work properly on the leads. It’s a common accusation that marketers just focus on filling up the top of the funnel with maximum leads, leaving the sales team to put in double the efforts. The only solution for this is, rather than focusing on the top of the funnel the attention should be on impacting the entire funnel based on revenue which is what Pipeline marketing is about.

Pipeline marketing is considered the next phase of lead generation that connects marketing and sales data for better decision-making and achieving goals based on revenue. The lead generation which was earlier considered a method for marketers to generate plenty of leads to pass along to the sales team can be transformed into a more goal-oriented strategic approach based on revenue.

 

Rather than the primitive model where marketers focused on just filling the top of the funnel with leads, pipeline marketing is inclusive of all channels and pipelines.

According to Bizible, “Pipeline marketing is what you’re doing while content marketing, inbound marketing, lead nurturing, and growth hacking are how you do it”.

 

After surveying around 350 B2B and B2C marketers with the sales team, Bizible released their third annual State of Pipeline Marketing Report which gives valuable insights to the stats regarding how marketers drive growth into the business using down-funnel metrics, like sales opportunities, pipeline, and revenue for driving growth.

 

ALSO READ: THE SCIENCE BEHIND PROSPECTING AND PIPELINING CUSTOMERS

Let’s get to the main trends that we have to be aware of in 2017 from the published report.

Converting leads to customers

While considering the overall benefit of the organization, it’s not the question of how many leads have been made or how many deals have been closed but the overall profit that the company is making. For this, the marketers should be focused on generating quality leads while focusing on the overall revenue that can be generated using it.

What is your top marketing priority this year?

This year marketing priority

In 2016 only 34.1% of the overall top marketing priority was regarding converting leads to revenue while generating more leads was up to 45.7%. Now in 2017 converting leads to revenue has turned out to be 42.3% while the priority of generating more leads has gone down to 35.4%.

Email marketing - The most used channel

Even though the number has reduced from 87.5% to 84.5% Email marketing is still topping the list, consecutively for the last three years. Even being used for years Email is still alive & kicking, primarily because of the extra efforts that the marketers are putting in regarding timing, content & design to keep the audience engaged.

Which marketing activities/channels are you currently using?

Marketing activites or channels
Email Marketing is one of the prime examples that methods can be altered according to customer use & behavior can still exist & thrive in the market even with the passage of time.

Alignment of sales & marketing

Sales and marketing have been considered as separate divisions although they are working for the same purpose which is revenue generation. Organizations should make sure that there should be sync in their work to avoid time wastage and for better customer acquisition.

What is your top marketing priority this year?

top marketing priority

Bizible has identified that the priority of sales and marketing alignment in organizations has increased in 2017 to 10.3% from last year’s 6.6%. This shows that organizations are realizing that marketing and sales teams should be mixed together in the work to mutually benefit the overall revenue generation. This process will also help to reduce the confusion which usually occurs within the teams.

Rise of the pipeline marketing

Pipeline Marketing as such is gaining importance in the business world as corporations have realized that lead generation should be focused on connecting marketing or sales data to enable decision making and goals based on revenue. Since Pipeline Marketing is inclusive of all channels and campaigns and only measures success by closed revenue marketers, the world should start focusing on it.

What is your familiarity with pipeline marketing?

Familiarity with pipeline marketing
On a scale of 5, 36.7% have chosen 4 in regards to the familiarity in Pipeline Marketing in 2017 while it was 32.7% in the past year. The numbers are going to increase as marketers will always be focusing on adopting whatever methods they can for improving the results. WANT TO SIMPLIFY THE PROCESS OF PROSPECTING AND PIPELINING YOUR PROSPECTS? CLICK HERE.

Word of mouth - Somethings never change!

Word of mouth has always been a channel that drives revenue to organizations from the beginning of trade. It’s a prime example of the trust factor that will never change the mind of the consumer. Whatever marketing or sales strategies can never change the fact that people will be trusting other people in regards to what’s their experience on the product is.

Which marketing activities/channels make the most positive impact on revenue?

positive impact on revenue

Even though the numbers have reduced from 22.2% to 18.6%, it’s still topping the list above all the outbound and inbound marketing techniques.

 

ALSO READ: THESE B2B SALES STATISTICS WILL ACT AS YOUR EYE-OPENER IF YOU ARE A MARKETER.

Winding up the data

In today’s world, the usage of Data has been critical for analyzing the methods which can be used by organizations for developing their business in relation to all fields, especially marketing and sales. Businesses around the world should push themselves to boundaries to catch hold of any opportunity available for development.

 

To study in detail the full State of Pipeline Marketing Report 2016, click here. The information available can give you further insight into how organizations are planning how their marketing team should perform and what to concentrate on for 2017.

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