It sounds so promising. Create compelling content (consistently). Share and promote the content. Prospects engage, download stuff and become qualified leads.
Those leads are passed on to the sales team, who instantaneously reach out and are immediately welcomed into the prospect’s world. The meeting quickly turns into a bona fide sales opportunity. Proposals are requested, immediately acted upon and sales are made.
Sure, that scenario may be a little bit overstated, but isn’t this story the fundamental promise of inbound marketing? All of the data and statistics shared by inbound marketing practitioners talk of increased lead generation, lower costs per lead and higherROIs.
The answer to the question is a qualified, “Yes.” Inbound marketing is instrumental in building predictable, sustainable and scalable sales growth, but it does not solve the entire problem.
The Chasm Between Leads and Sales
There’s a chasm that exists between sales and marketing. While effective inbound marketing does drive a higher volume of leads and qualified leads, that doesn’t mean that these leads are sales ready when they’re created.
Additionally, the very nature of inbound means that many of the leads you create, while qualified, won’t naturally move into a buying cycle with you. Gleastner Research identified that as many as 80% of the leads you create are caused because someone was looking for valuable content to answer a question or to solve a problem… not because they wanted to buy something.
What makes the chasm so nasty is that unless you have the right tools in place to manage and measure it, it is invisible to most executives. They can see that leads are being created, and they can see that the investment isn’t translating into high volume sales success. The phenomena is the primary reason that research done by CEB found that 87% of the words used by sales and marketing professionals in one discipline to describe the other are negative.
This chasm has two adverse consequences:
- The marketing function is often undervalued (or even overlooked), put off to the side to work on case studies, trade shows and “arts and crafts.”
- Far too much of the weight and pressure falls on the sales team. This was fine years ago when prospects needed to talk with sales people, differences between offers were clear and life was much simpler. Today, the world of sales is simply too complex to be left to the sales team alone.