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Episode 102: How to measure B2B marketing for companies with long sales cycle with Stapho Thienpont

Episode 102: How to measure B2B marketing for companies with long sales cycle with Stapho Thienpont
Jan 31, 2023 ยท 1h 1m 39s

Sign up to all live workshops and podcasts here: https://lu.ma/fullfunnel In this episode we are covering: - The consolidated revenue report that demonstrates marketing impact on pipeline and revenue -...

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Sign up to all live workshops and podcasts here: https://lu.ma/fullfunnel

In this episode we are covering:

- The consolidated revenue report that demonstrates marketing impact on pipeline and revenue
- How to measure different ABM campaigns
- How to measure B2B demand generation and intertwine it with the revenue report.

RESOURCES

On-Demand B2B Marketing Courses: https://fullfunnel.io/b2b-marketing-c

Full-Funnel Insider - A Marketing Newsletter For B2B Marketers: https://fullfunnel.io/marketing-newsl

Join our community for B2B marketers - The Trenches: https://sendfox.com/trenches

Upcoming events: https://lu.ma/fullfunnel/events

Full-Funnel Marketing Content Hub: https://fullfunnel.io/blog

HOW TO MEASURE B2B MARKETING


B2B marketing reporting shouldn't be complex. Here are 3 categories and 11 core metrics I recommend looking at for a B2B company with high ACV and a long sales cycle.
REVENUE METRICS.


1. ๐Œ๐š๐ซ๐ค๐ž๐ญ๐ข๐ง๐ -๐ฌ๐จ๐ฎ๐ซ๐œ๐ž๐ ๐ซ๐ž๐ฏ๐ž๐ง๐ฎ๐ž.


How much revenue came from marketing campaigns? Aim to increase the % compared to sales-sourced revenue. It proves the efficiency of your marketing and growing brand recognition.


2. ๐–๐ข๐ง ๐ซ๐š๐ญ๐ž


If the win rate is low, it means that either you have bad targeting, have low-quality opportunities, or have a misalignment with sales.


3. ๐’๐š๐ฅ๐ž๐ฌ ๐œ๐ฒ๐œ๐ฅ๐ž ๐ฅ๐ž๐ง๐ ๐ญ๐ก.


When the sales cycle length decreases, you are accelerating revenue.


4. ๐€๐‚๐• (average contract value).


5. ๐’๐š๐ฅ๐ž๐ฌ ๐ฉ๐ข๐ฉ๐ž๐ฅ๐ข๐ง๐ž ๐ฏ๐ž๐ฅ๐จ๐œ๐ข๐ญ๐ฒ.


Sales pipeline velocity demonstrates revenue trajectory according to your sales cycle length, sales-qualified opportunities, ACV, and win rate.
If this metric is growing, it proves that you:


- target the right accounts,
- have a marketing message-market fit,
- good buyer enablement
- no friction points in the buying process.


6. ๐Œ๐š๐ซ๐ค๐ž๐ญ๐ข๐ง๐  ๐‘๐Ž๐ˆ.


Demand or brand activities can't be measured by sales opportunities or CAC.
Hence, I recommend holistically looking at marketing-sourced revenue, sales pipeline velocity, and budget spent to calculate marketing ROI.
You need to have a holistic approach.


PIPELINE METRICS


7. ๐„๐ง๐ ๐š๐ ๐ž๐ ๐š๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ฌ.


The more engaged accounts you have in your pipeline, the more sales-qualified opportunities and marketing-sourced pipeline you'll generate.
I also recommend looking at the length of conversion from engaged accounts to sales-qualified opportunities. It will help you to make better revenue and pipeline forecasts.

8. ๐Œ๐š๐ซ๐ค๐ž๐ญ๐ข๐ง๐ -๐ฌ๐จ๐ฎ๐ซ๐œ๐ž๐ ๐ฌ๐š๐ฅ๐ž๐ฌ-๐ช๐ฎ๐š๐ฅ๐ข๐Ÿ๐ข๐ž๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ.


BRAND METRICS.


9. Inbound opportunities.

10. Media invites
Podcast invites, speaking gigs, and featuring in guest posts - all are positive signs that your brand gains traction.


I also recommend looking at the quality of the invites. The more invites you are getting from the industry-leading media, the higher your brand anticipation.


11. Brand traffic and brand mentions.


Pay attention to how often your product is being recommended on social and in communities. The more mentions you gain, the higher your brand recognition.
---
Depending on your business model, you might change metrics by adding churn, LTV, CAC, but the principles will be the same. That being said, every campaign you run should have its own set of metrics.


Stapho Thienpont ะพn Linkedin: https://www.linkedin.com/in/stapho/
Andrei on Linkedin: https://www.linkedin.com/in/azinkevich/
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