How can you unify your sales and marketing teams, a challenging task that is made very easy in this article. In the last few years, there has been a radical shift in the traditional roles of Sales and Marketing. In experts’ opinion, it is the onset of the Age of the Customer that has made it a mandate for all organizations to unify their sales and marketing. In the words of Ellie Mirman –‘’ Miscommunication between sales and marketing has started working as an anchor in the company’s growth rate. Companies who have not aligned their sales and marketing teams have experienced a revenue decline by 4%. Further, organizations who have accomplished this challenge have witnessed a marked difference – 20% revenue growth (approx).’’
In consideration to the above statement along with statements of other business experts, it is clear and proven: unified sales and marketing is necessary for every organization who wishes to move up the path of growth and revenue. Result: organizations (big and small, local and international) have started working towards the accomplishment of this goal. However, the success rate is not so high.
While many organizations have implemented ways to generate better communication between sales and marketing, cracks between the two groups have continued to develop. Resultant to which – there is a cry among organizations regarding the right sales and marketing business process management.
So the question is: How can companies unify sales and marketing teams? How can they streamline their activities to ensure they work together and share a common goal?
Below enlisted, are a few ways to unify your sales and marketing teams:
There is often a discrepancy between the sales and marketing professionals regarding the number of stages a lead passes to convert into a customer. Surprisingly, both teams have different terminologies to describe the stages. To get your sales and marketing together, firstly you need to remove this conflict of understanding. Your sales and marketing reps should have one combined picture of the sales funnel/cycle.
For this they should understand:
Lead Quality: Remember this is a crucial hand-off point between sales and marketing. There should be a defined set of parameters to judge whether a lead is ready for sales follow-up. It is advisable for marketing reps to categorize leads before passing them on to the sales reps:
Based on the above-mentioned matrix, marketing and sales team together can form the MQL (marketing qualified lead) definition. Remember doing this will put a stop to the accusations of the sales reps about low quality of leads forwarded.
Using the lead scoring option in most CRM software, marketing reps can make it easy for the sales reps to understand the importance of working upon a lead. For instance, a lead with a high score can define the urgency with which the sales rep should work upon it.
Factors to be used by marketing reps for scoring leads:
Note: several industry experts have advocated the use of lead scoring mechanism. Resultant to which, most renowned organizations use lead score facility in the CRM as a crucial part of their lead filtration process.
The SLA can talk about sales and marketing teams’ activities such as quantity and quality of leads, specific number of contact attempts and so on. In sum, it can formalize the commitment of both the team to share the information and work together collaboratively.
According to Thom Weerd, using the CRM, most organizations execute the below-mentioned tactics under the SLA program:
Creating a list of all campaigns (webinars, demos and trade shows) implemented
Needless to say, data is the most important element to align sales and marketing. Without having the combined data on hand, it will not be possible for you to measure marketing ROI, lead conversion, lead quality and so on. Precisely why, you need an enterprise software application that acts as a unified repository for your sales and marketing data, brochures, collaterals and other essential documents.
It should have all the indispensable functionalities of sales and marketing by which the reps of both the team can use it as a shared platform. From lead generation, to contact attempts and lead conversion, the entire process should be mapped within the single system.
ConvergeHub CRM serves as one central platform for Sales, Marketing, Service and Collaboration to give you complete visibility into your business. Instead of investing in separate best-of-breed systems (which needs to be cobbled together) ConvergeHub CRM acts as one combined platform (CRM + Marketing + Sales) to grow leads, identify opportunities, close deals and support customers.
Below mentioned are a few of the benefits that you can garner through ConvergeHub CRM:
Using ConvergeHub CRM, you can align your company’s Sales and Marketing efforts to grow your base of customers. Additionally, sales and marketing reps can use it as a common platform for managing leads and prospects and can collaborate well on –