How does Inbound Marketing relate to Revenue Marketing?

I had experiences with two clients  that reinforced my beliefs in Revenue Marketing™; these both relate to Inbound Marketing.

At one client, we discussed how the events marketing team and the website people didn’t really see themselves as Revenue Marketers and didn’t measure themselves in revenue terms, despite having an annual revenue goal.

At the other client, who is in the middle of a major shift to Revenue Marketing, the regional marketing teams continue to spend most of their time on events because that is what sales expects of them. In both cases, giving these folks annual revenue goals has not been sufficient to bounce them out of their ruts.

Inbound Marketing has to change to Inbound Revenue Marketing. What would you do to alter the behavior of these teams?

Here is what I would do:

I would tell the event people, the website people and the regional marketers that they are no longer measured on the number of net new leads in the database.

Their new MONTHLY metric is the number of sales qualified leads (SQLs). Their first reaction will probably be, “YIKES, how are we supposed to ensure that a new web lead or event registrant gets nurtured to marketing qualified leads (MQL) readiness and is safely routed to sales?”

My answer would be, “Well, you better get on that with your lead nurturing team, because if your leads aren’t going into the perfect nurturing program for them, you won’t hit your SQL number.”

What just happened here? We forced the inbound marketers to take a broader view of what they do and to work with the nurture team to ensure they are maximizing the MQL and SQL counts. It is something they can influence more directly. We are forcing them to stop looking for the cost-center-related “nice event” kudos from sales, and instead to start getting the revenue center “nice SQL boost” kudos from the business line manager.

Related: Have your team make sure Google Analytics is reporting exactly what you need

This culture change is one that can be accelerated through the use of goals that align to more bottom-line business objectives. And it can strengthen other processes, too – for example, if the team is afraid sales won’t determine some of their leads are SQLs when they should be, it will force them to work on fixing this underlying issue in determining what is an SQL. And that only leads to greater sales and marketing alignment!

Have you had issues in changing the behaviors of your inbound marketing team? If so, start by examining their goals and see how you can use this to modify behavior. You may be surprised how quickly you see change!

You may also like: Our keys to a successful lead management process or our inbound marketing consulting.

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