Monday, May 12, 2014

Top Ten Demand Generation FAILS (Part 1)


Behold, The Mighty Toaster!

Overview: I call it the “Toaster Syndrome.” I’m sure you can think of many other names for it. It is the condition in which Marketing management is under the impression that automating the marketing and demand generation process is like purchasing a toaster. Buy a toaster, pop in the bread and voila! Two minutes later you have toast. This is the first Demand Generation FAIL: unrealistic expectations.

The toaster analogy is actually perfect, since it is perceived as a simple device, yet is full of complexities the average user can’t comprehend. Behold, the mighty toaster!

What it is: A compact, electrical appliance that sufficiently warms bread products to a crispy, semi-burned texture suitable for adhesions to butter, jelly and other condiments.

What is does: The toaster converts standard electrical current (120V, 60 Hz or 220V, 50 Hz) into controlled heat. By varying the amount of current through the device’s heating element, the user can control the temperature. A timer regulates the amount of time the bread is exposed to the heating element, allowing the user to create a precisely toasted bread product.

What it means: Fast, convenient and safe breakfast preparation.



When we look closely at what the mighty toaster actually does, we begin to understand its complexity. It converts electricity to controllable heat. It automatically regulates the cooking time. It shields the user from heat and electrical shock. It guides the bread product in and out of the cooking area. Most modern toasters automatically adapt to different sizes and shapes of bread products, such as frozen waffles and bagels. The user can generally set and forget a toaster for consistent, properly cooked toast. Oh, and all this assumes the delivery of standard electricity to your toaster and that somebody already baked a perfect loaf of bread with which you plan to make your toast!

A toaster is exactly like automating marketing via a demand center. Above, we identified three distinct requirements for making toast: 1) Already-baked bread, 2) A reliable source of standard electricity, and 3) a toaster. Let’s look at the parallels.

1.     Already-baked bread: this is your marketing data. We looked at Dirty Data last week, and we’ll examine it again in another blog post. Data is critical and without it you have no audience for your marketing and demand generation efforts. If you have old, stale, moldy bread (data), it doesn’t make for very appetizing toast (or marketing results). Again, more later.
2.     Reliable source of standard electricity: this is your process. Again, we’ve looked at process in previous posts. If you don’t have any marketing process to automate, it is just like a toaster with no electricity: no toast. If you have poor or irregular processes to automate, it is just like a toaster with intermittent or non-standard voltages: you might get toast, but it is just as likely to be undercooked or burned as it is to be correct. And you might just burn out your toaster in the process.
3.     And finally, the toaster itself: this is your marketing automation platform (MAP). It is like a deluxe toaster with lots of options with one minor caveat: your toaster came from IKEA and you have to put it together. The more options on your toaster, the more different ways it can be assembled. Like a toaster from IKEA, most organizations will fail here not because the toaster is faulty, but they could not figure out how to put it together in a configuration that works for them. (see this previous blog post).

Notes:

Don’t make assumptions about the quality of your marketing data. Before you attempt to automate marketing and/or demand generation, perform a thorough audit of your marketing data for the ability to segment, score and route leads.

Is your marketing and/or demand gen process documented? Do you understand your demand funnel stages, definitions, actions in stage and triggers?

Does your MAP conform to your documented lead management and campaign execution processes?

In next week’s edition, we will look at Demand Generation FAIL number 2. Close to 100% of all Automated Demand Centers have committed to this one. Ready, Fire, Aim!

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