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The Slow, Necessary Death of the MQL - Gartner

The Slow, Necessary Death of the MQL - Gartner | The MarTech Digest | Scoop.it
By 2016, something profound had happened. More and more clients talked about how they were moving away from MQLs and looking more at opportunities and revenue. Some of this was due to predictive lead scoring , and some of it was probably because of ABM, where you think about accounts, rather than leads. But some of it was simply because CMOs and demand generation leaders had convinced sales and executive leadership that revenue is a far more important metric than leads. And so when clients asked me about how they increase their MQLs by 30% YOY, they were much more receptive to hearing why they were barking up the wrong tree.

If you are a demand gen or marketing leader (or a BU leader or executive who manages them) and the metrics haven’t been set for 2017, I’d think long and hard about some other more important metrics. If you are doing ABM, you can always look to Engagio’s Marketing Qualified Account (MQA) approach or something akin to it. Or you can tie to company or product-line sales metrics like revenue, pipeline, opportunities, deal size, retention etc; At the end of the day, if you blow out your MQL numbers but the company misses on those downstream numbers, you aren’t going to get a huge bonus or promotion. So why not hitch your wagon to the only numbers that truly matter to the company?
Marteq's insight:

Simply put, MQLs are a means to an end. But without a rock solid attribution model, this is approach is meaningless.

 

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MQL to SQL: The Qualification Process [Infographic] - Marketing Insider Group

MQL to SQL: The Qualification Process [Infographic] - Marketing Insider Group | The MarTech Digest | Scoop.it
Marteq's insight:

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"The Leads Are Crap" - ClickZ | #TheMarketingTechAlert

"The Leads Are Crap" - ClickZ | #TheMarketingTechAlert | The MarTech Digest | Scoop.it

Basic/ Digest...


Truth is, leads don't come in wrapped with a bow on top, and if your company is selling at all, not all of the leads are crap and someone knows how to sell. So where's the disconnect coming from? Most often, it's from differing definitions of winning made worse by poor communication.

 

The disconnect most often surfaces when marketing celebrates a strong lead month in the same month that sales is frustrated about a poor bookings (revenue) month. The finger-pointing and name calling starts and the relationship downward spiral begins. Teams win and lose together, not as individuals or departments.

 

The disconnect between marketing and sales can be addressed with better communication and common definition of winning. Cooperation works best when both marketing and sales are aligned around revenue targets. Marketing is rewarded for strong lead quality over volume. Strong lead quality drives strong sales efficiency (ensuring each sales at-bat is in front of the right lead at the right time and ensuring your sales team is only swinging at strikes).

 

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Marteq's insight:

The truth lies a bit deeper: it's about not sending anything over the Sales unless it has been fully vetted and qualified by Marketing aka the MQL. If everyone agrees to the definition of an MQL, then we're all on board.

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