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	<title>Market By Numbers &#187; Economic downturn</title>
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	<link>http://market-by-numbers.com</link>
	<description>High-Tech Marketing and Customer Development</description>
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		<title>Updated Customer Development Image</title>
		<link>http://market-by-numbers.com/2010/01/updated-customer-development-image/</link>
		<comments>http://market-by-numbers.com/2010/01/updated-customer-development-image/#comments</comments>
		<pubDate>Wed, 13 Jan 2010 22:32:28 +0000</pubDate>
		<dc:creator>brantcooper</dc:creator>
				<category><![CDATA[Customer Development]]></category>
		<category><![CDATA[Economic downturn]]></category>
		<category><![CDATA[Lean Startup]]></category>
		<category><![CDATA[Metrics-Driven Marketing]]></category>
		<category><![CDATA[Sales and Marketing Roadmap]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[aarrr]]></category>
		<category><![CDATA[customer development slide]]></category>

		<guid isPermaLink="false">http://market-by-numbers.com/?p=1019</guid>
		<description><![CDATA[Based on input from Steve Blank and others, I updated the Customer Development image I created a few weeks ago.  Steve suggested I attempt to structure the image so that it was business model-independent.  So it is, but with a web-based model serving as an example.  Image has explanatory tool tips, as suggested by Valto [...]]]></description>
			<content:encoded><![CDATA[<p>Based on input from <a href="http://www.steveblank.com" target="_blank">Steve Blank</a> and others, I updated the <a href="/customer-development-slide/" target="_blank">Customer Development image</a> I created a few weeks ago.  Steve suggested I attempt to structure the image so that it was business model-independent.  So it is, but with a web-based model serving as an example.  Image has explanatory tool tips, as suggested by Valto in comments.</p>
<div id="attachment_1020" class="wp-caption alignnone" style="width: 655px"><a href="http://market-by-numbers.com/custdev.php"><img class="size-large wp-image-1020 " title="customer development ii" src="http://market-by-numbers.com/wp-content/uploads/2010/01/customer-development-ii-1024x754.png" alt="customer development ii" width="645" height="475" /></a><p class="wp-caption-text">Click to Enlarge and see tooltips</p></div>
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		<slash:comments>13</slash:comments>
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		<item>
		<title>Quick hit re: lead gen webinar</title>
		<link>http://market-by-numbers.com/2009/02/quick-hit-re-lead-gen-webinar/</link>
		<comments>http://market-by-numbers.com/2009/02/quick-hit-re-lead-gen-webinar/#comments</comments>
		<pubDate>Thu, 12 Feb 2009 20:09:48 +0000</pubDate>
		<dc:creator>brantcooper</dc:creator>
				<category><![CDATA[Economic downturn]]></category>
		<category><![CDATA[Metrics-Driven Marketing]]></category>
		<category><![CDATA[Process-Oriented Marketing]]></category>
		<category><![CDATA[buyer's process]]></category>
		<category><![CDATA[lead generation]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[profit-driven]]></category>
		<category><![CDATA[sales process]]></category>

		<guid isPermaLink="false">http://market-by-numbers.com/?p=95</guid>
		<description><![CDATA[I just got off a webinar about lead gen in today&#8217;s economic environment.   I was pleased to see several process-oriented and metrics driven marketing recommendations, including:

need to be revenue focused, rather than # of leads focused;
marketing taking greater responsibility for pipeline management;
measuring, testing, refining every step of way through pipeline;
identified information and activity overload problem;

A [...]]]></description>
			<content:encoded><![CDATA[<p>I just got off a webinar about lead gen in today&#8217;s economic environment.   I was pleased to see several process-oriented and metrics driven marketing recommendations, including:</p>
<ul>
<li>need to be revenue focused, rather than # of leads focused;</li>
<li>marketing taking greater responsibility for pipeline management;</li>
<li>measuring, testing, refining every step of way through pipeline;</li>
<li>identified information <em>and </em>activity overload problem;</li>
</ul>
<p>A few key points still missing, IMHO.</p>
<p>First, in today&#8217;s environment, business needs to be <em>profits-focused,</em> not just revenue-focused.  This is a critical distinction.   An expensive advertising campaign may add more leads to your pipeline, some of whom eventually buy.  You&#8217;ve increased revenue, but hurt the short-term bottom line.   (Arguably there may be longer-term benefits from raising &#8220;awareness&#8221; through advertising.)</p>
<p>Second, this may just be a language thing, but I&#8217;m guessing not.   Marketing and sales professionals continue to talk about the<em> &#8220;sales process,&#8221; </em>e.g., the necessity to create activities and produce collateral that &#8220;nurture&#8221; customers through the sales cycle.   Despite the fact that this webinar correctly identified information overload as a problem, the end recommendations still pushed for &#8220;getting all the information the sales team needs into their hands.&#8221;  Step back!  This is classic <em>reactive </em>marketing and emblematic of VP of Sales (&amp; Marketing) driven marketing.</p>
<p>Key question to ask:  <em>what is the buyer&#8217;s process.</em></p>
<p>Third, &#8220;who is the prospect&#8221; was asked at the end of the webinar, when it should have been slide 1.   Even if your company was able to handle multiple segments before the economy tanked, you need to <a href="/2009/02/11/who-gets-marketing/" target="_blank">reassess </a>to determine what are your <em>profitable </em>segments <em>now.</em> See point 1.</p>
<p>Comments welcome.</p>
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		<slash:comments>1</slash:comments>
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