What tactics do you use when early opps aren’t progressing into qualified pipeline?
I've used a number of different tactics to progress early opps that aren't progressing. From a Marketing perspective, there are usually two overarching goals you can help with in this case - one is just creating continued awareness of your brand (be front and center / top of mind) and another is getting a meeting setup.
Typically to drive awareness in these cases you'd leverage display advertising. If you have a way to do that at an account level even better - and if you can personalize it that's even better!
For meetings, I've seen direct or dimensional mailers work, as well as getting face-to-face with a client. Take them to dinner or out for drinks. Go see them! It's a lot easier to get a deal done in person, especially in this post-COVID world where that just isn't happening at the same pace!
I usually think it's a matter of education. You might be doing great at the top of the funnel with awesome, entry-level content, or maybe you're using channels that bring in colder leads, like content syndication. But the question is: how do you get those leads more engaged and create a sense of urgency?
One thing I'd do (if cookies were still a thing at Sentry!) is go all-in on retargeting. But retargeting doesn't have to be creepy! You can get creative and use it like a way to keep the conversation going – almost like email nurturing, but with ads. You can even create different stages and engage people at each stage.
Of course, email nurturing is still super valuable. It's a great way to introduce your company and product and really focus on how you solve your target's pain points.
Another tactic is to see if you can connect with other leads at the same account. Think about adjacent ICPs, like your ICP's manager or a colleague on a different team. It's like "meeting the family" and getting them on your side.
Depending on your target audience, you could also try direct mail or event invites to try and speed things up.
When early opportunities aren't progressing into qualified pipeline, a few tactics that can be deployed consist of:
- Review targeting: Are you generating the right types of opportunities?
- Reevaluate the qualification process and pitch. Can the sales team better refine their qualification process?
- Provide additional value. Are you nurturing the opportunities in the best way?
Ultimately, you have to identify where the breakdown is happening to be able to identify the remedy.
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