The most significant takeaway: The definition of a lead varies by company, business model, industry, approach and audience.

All said, here are some thoughts to help you ensure your definition, data collection and pipeline management process are aligned for maximum effectiveness.

1. Determine the minimum information required. Typically we need a name and some contact information:

• Name
• Address
• City
• State
• Postal Code
• Country
• Telephone
• Mobile Phone
• Email
• Social Media

Minimum is important. You want to make sure it is as easy as possible for your target audiences to provide information. Also think in terms of communications platforms. How does your audience prefer to be communicated to? Email? Direct Mail? Telephone? SMS? What about connecting via Social Media? (Now there’s an idea! However, I’m not sure if we will get to the point of: “Please check here if we can ‘friend’ you on Facebook.” By the way, does a Twitter ‘follow’ constitute as an Opt-In?) Think about how your organization typically communicates as well, within the current marketing campaign, by your sales teams, customer service and beyond. There are also advantages and disadvantages to each communications channel. Think about the differences between interactivity, engagement, interruptive vs. collaborative, one-way vs. two way, static vs. dynamic, etc. The platform you choose determines the contact information you need, and says something about your brand and customers as well.

2. “Opt-In” is not just the law, it is a strategic weapon. Think carefully about how you want your audiences to participate. There are several types of Opt-Ins:

• Specific Marketing Campaign
• General Company
• Specific Product or Service
• Partner Offers

Interestingly, how you present Opt-In questions is just as important as what types of Opt-In questions you choose. Studies have shown this is a balance between quantity and quality of leads. Negatively-framed questions (Opt-Outs) receive higher participation rates than positively-framed questions (Opt-Ins). Pre-selected choices also receive higher Opt-In rates, however the quality of these leads tends to be lower than those where participants are required to select the option. Copy treatments and page positioning have also been shown to effect participation quantity and quality.

3. BANT Qualification has two inherent strengths. BANT Qualification, or understanding a prospects Budget, Authority, Need and Timeframe (hence the BANT acronym) assists you in understanding whether or not a prospect is a viable customer. For example, a prospect’s budget is too low for your product or service, or they don’t have the authority to make the purchase decision. It can also help your sales teams in prioritizing leads. Should a prospect be looking to purchase a product or service in the near-term (Timeframe) of have more than enough Budget to purchase your offering(s), they could be considered a ‘hot’ lead.

So how do you get BANT information? Here, you have some choices. You can either address BANT with your marketing approach, leave it to your sales teams or adopt a hybrid model. Here are some examples:

• Budget: (formulaic) “What is your annual household income?”, (direct) “What is your company’s annual budget for X?”
• Authority: “Are you Head of Household?”, “Are you the final decision maker or do you recommend or influence purchase decisions for your company?”
• Need: “Do you own a home?”, “Does your company outsource your IT?’
• Timeframe: “When are you looking to purchase a new car?”, “When does your company’s fiscal calendar end?”

As you can see, these types of questions can be asked through a marketing campaign, as part of an initial sales or outreach (telemarketing) campaign, or across both.

4. Conditioning leads is good or you and good for them. Conditioning leads is the art and science of collecting additional demographic, psychographic and technographic information from your audience, while educating them about your brand and products. Conditioning allows brands to learn more about their audiences, and their audiences to learn more about them. It’s a courtship of sorts that will (hopefully) lead to a long-term relationship. Think about what additional information you’d like to collect about your audiences over time. This can inform your current pipeline, futures sales and marketing efforts, and provide some incredible opportunities for your customer service organization to drive retention, expansion, loyalty and advocacy.

Think of conditioning questions as the “nice-to-know” information about your audiences. This information, while not required for the sales process might help hone your future marketing efforts or give your sales teams an edge in establishing and building relationships with prospects. Some examples: “Do they participate in social media?” “What publications do they read?” “How many people are in their family?”

Similarly, understanding what additional pieces of information your audiences would like to, and need to know about your products or brand can help optimize your marketing, sales and service efforts. Here we include what audiences “need-to-know” about our brands and products in order to make a purchase decision, as well as the “nice-to-know” information that may drive audiences from the consideration to preference stages of the pipeline. “Does your organization align to your audiences moral and ethical compass?”, “Is your brand fun and playful, or more serious and straightforward?”, “How engaging and personal is your company?” Every communication with your audiences should tell a part of the story. People do business with brands they know, like and trust. Frequency and cadence of communications is important here. Understanding the balance between too much, too often and just right takes time and practice.

You can also use the conditioning process as a strategic tool to control the speed at which prospects move through the sales cycle. For example: for complex products or solutions, more conditioning may lower return rates and increase overall customer satisfaction. Or, if you have a smaller sales staff and a marketing campaign is wildly successful, conditioning can be used to keep prospects in a holding pattern until your sales teams can address them.

All said, capturing and qualifying leads can be a far more complex process than “name, address and phone number”. If you adopt a strategic approach to your lead process that is aligned to your sales, marketing and service efforts, you can manage your pipeline with great effectiveness and efficiency, build stronger and deeper relationships with your customers and drive long-term business success. Think beyond the lead.

Do you have any thoughts on defining a lead or managing the process? Please share!

Demand Generation: The Anatomy Of A Lead is a post from: Experiential Marketing 2.0

One way to advance the conversation around using Twitter for event and experiential marketing is to leverage third-party applications. There are literally hundreds of Twitter applications available. A case could be made for using any and all of them for your event marketing program. I’ve spent some time reviewing some of the more interesting applications which can complement your events beyond creating buzz. In some cases there are alternate tools which perform the same function as those listed below. Feel free to explore. These are some of my favorites.

Twellow: The Twitter yellow pages. This directory searches the profiles (bios) of Twitter users when you enter a keyword. This application can be used to identify potential attendees, speakers, exhibitors, suppliers, etc. Its very simple to use, and ranks search results by number of followers.

Icerocket Twitter Search: There are several Twitter search tools out there. This is one of my favorites. Its a real time search engine and searches for keywords used within tweets. For events, Icerocket can be used to find trending topics, monitor hashtags, or find people of interest based on what they tweet. Bonus: Icerocket also searches blogs.

Tweet Later: This is one of my favorites for event marketers. If you plan ahead of time, you can schedule some of your tweets to coincide with the event schedule. Great for reminding followers of speaking sessions, or promoting your booth and other activities throughout an event. The perfect tool for press releases of new product launches, etc. I’ve used this tool for tweeting key points of my presentation while I was giving it. With rehearsal and timing it can work out pretty well. Keep in mind, while you can schedule some of your tweets ahead of time, its important to stay connected and be a part of the ongoing conversation live.

Tweetdeck: Monitoring the conversation around your event is critical. Tweetdeck makes this simple by allowing you to monitor several keywords, hastags, and people at once. Consider using Tweetdeck to monitor the conversation around your event in realtime. You can also set up Tweetdeck on large format monitors for attendees to see what content is buzzing in the twitterverse while they’re at an event. Bonus: Tweetdeck also integrates with Facebook and MySpace.

Tweetbeep: A very useful tool that monitors keywords and links and sends activity alerts by email every hour. Imagine having trending topics about your event, sessions, speakers, etc. delivered to you as they happen. Deploy Tweetbeep in addition to Tweetdeck to monitor hot topics.

Twtvite: a free event management tool that helps you organize and promote local Tweetups (informal social gatherings of people with like interests). You can use Twtvite to organize tweetups around your event. If you are using Tweetdeck or Tweetbeep to monitor conversations around your event, Twtvite can be the perfect tool to organize adhoc discussions to complement planned event curriculum based on what topics are trending.

Poll Everywhere: Need an audience response system on the cheap? Poll everywhere allows audiences to submit messages or answer multiple choice questions via tweet, SMS or the web. The best part: their feedback is instantly embedded into your live Powerpoint presentation. This tool has some amazing applications for hybrid events. Here you can get feedback from both face-to-face and virtual audiences during a presentation that is also streamed live via the internet.

Twtpoll: Simple polling application that allows you to submit a question to the twitterverse. You can choose form 17 types of questions and set a time limit for answers. This is great for gathering information for presentations before an event, or getting feedback after an event. Bonus: You can share Twtpolls across any social network.

Twitpic: This tool allows you to share pictures via Twitter – complete with geotagging. Share live pictures of your event with the world! Encourage attendees to share their event pictures as well. You might even incorporate a photo scavenger hunt into your event using Twitpic.

Twitvid: Like Twitpic but for video. Super easy to use. Share videos of speakers, entertainment, demonstrations, etc. via Twitter. Encourage attendees to participate. Bonus: autosharing to Facebook, MySpace and Youtube is integrated.

Twitcam: Create a live twebcast! Broadcast your event via this simple, instant streaming video application. This is great for speaking sessions, demonstrations, etc. Integrates with a twitter window so observers can comment / ask questions during the presentation. Its a good idea to have a moderator and a decent webcam / mic hooked up to your computer.

Tweetchat: Very cool application that allows users to conduct  live chat over twitter via #hashtags. I participate in the #eventprofs tweetchat as often as I can. You can organize tweetchats during your event on trending topics, or schedule these as part of you planned curriculum. Tweetchats can also take place off hours or for virtual participants.

These twelve Twitter tools will help you advance your event program beyond the profile, #hashtag and promotional tweet. If used appropriately these applications can drive community engagement before, during and after each event to create real relationships with your audiences across your event program. Use one, use some, use them all, its your choice. Understand your audience and objectives first, then pick the best tools to meet your needs. I’ve only scratched the surface here. Again, there are hundreds of third-party Twitter applications out there, and they come and go daily. If you find something that’s worked for you please share!

12 Twitter Tools Every Event Marketer Should Know About is a post from: Experiential Marketing 2.0

Often event-producer-provided audience descriptions can be somewhat biased and useless from a marketing perspective. Case in point: Aren’t we all “decision makers”? Because of this, I’ve come to respect third-party audits by companies like BPA Worldwide or Exhibit Surveys. Wherever possible, its a good idea to insist on third-party audits to drive true marketing discipline into your program and the event industry at large. All said, chances are you don’t want to attract and start a conversation with everyone who attends a trade show – You want to engage with the folks that really matter, your suspects and prospects.

I’m always amazed at the size and scope of the spend many companies make at major events to drive awareness and audience. I wonder if anyone ever bought anything because of a 24-story building wrap. I’m not saying awareness vehicles have no value. On the contrary, awareness is critical in driving pipeline. My point is: each and every tactic and investment at every event should be scrutinized and prioritized to ensure it is the best tool to accomplish your business objectives with your targeted audiences. Event marketers don’t have to have the largest budget, the biggest booth or the most impressive sign to win. They just need to be strategic in their approach and apply intelligence to their process. Here are some ideas that can help you own the show without breaking the bank.

BYOA – Bring Your Own Audience: The audience is the most important part of any event. Don’t rely on someone else to provide it. Be sure to link with sales organizations and have them personally invite key customers and prospects to the event. Design experiences just for them when they get there. Leverage business partners to participate in your presence and ask them to do the same. Use search (both standard and social media) to identify and invite suspects. Engage in a direct marketing campaign with key media properties to drive awareness for targeted audiences that meet your demographic and psychographic profile requirements. Its a lot easier to catch the right fish if you stock the pond.

Get The List: Negotiate sponsorships with event producers that include the pre registration, registration and attendee lists. Sort and parse the list to ensure you’ve boiled it down to just your target audiences. Communicate with this audience before, during and after the show. Ensure you build a communication stream well-before the event to determine how you will handle opt-ins, hot, warm and cold leads and ensure this process is followed.

Engage The Press And Media Early And Often: An event is not the first time you should contact the press and media. Its imperative you build relationships with key media properties well-ahead of time. Remember, if you can provide content that is relevant to their audience and is easy to execute you will go far. Just like any business relationship, press and media relationships are predicated upon a mutual exchange of value. Make sure your content is newsworthy and you spend time helping them succeed. Its not always about your company, brand or products. Hold a press conference before the event to drive mindshare and monopolize the media. Remember to invite prominent bloggers in your industry who are respected by your target audience – they often have greater pull than mainstream media.

Be Everywhere That Matters: Fill educational tracks with experts that can provide high-value content in sessions relative to your companies niche in the subject matter of the event. Secure a keynote speaking opportunity. Participate in panel discussions and roundtables. Remember, audiences spend far more time in sessions and attending speaking opportunities than they do on the show floor.

Get The Smallest Booth Possible: That’s right, I said smallest. Your largest investment should be in engaging with your audiences. You don’t need to bring every product in every product line. You don’t need 300 signs scattered throughout the booth. You don’t need every employee in your company to staff your booth. What you do need is enough space to manage flowthrough of your targeted audience over the course of the show. You also need space for the appropriate number of staffers to manage these attendees.  Ensure your experiences and demonstrations have enough room to comfortably be executed. Other things to consider include business theater and meeting space. Take advantage of off floor or off site meeting space. The cost per square foot is often less and you can control the experience more effectively. Above all, make sure your booth is open and inviting, and most importantly, efficient.

Use Time As A Competitive Weapon: Create experiences and engagement activities that monopolize the time that your suspects and prospects spend with you. If you have days filled with demonstrations, booth tours, speaking engagements, meetings, etc., audiences will spend more time immersed in your brand and will have less time to spend with competitors.

Leverage Social Media Or Virtual Technologies: “What happens in Vegas…” or more appropriately, “What happens at the event often stays at the event.” This is unfortunate considering the huge investment made. Use social media to enhance, expand and extend the event experience for attendees and outside participants as well. Videos (YouTube), Photos (Flickr), Blogs, Twitter, Linkedin, Facebook, private social networks, etc. can all be potent additions to your strategy. Remember an event is a point in time, relationships are long-term. Engage and interact with your communities both on and off line to improve the ROI of the event.

Follow Up Quickly And Consistently: Remember the communication stream? Execute the plan to follow up with and engage opt-ins, hot, warm and cold leads. The reason for investment and participation in the event was most likely to obtain these suspects. Don’t waste the investment by dropping the ball when the event is over. Leads are gold. Covet them. Communicate with them. Build relationships with them. Now.

Creating mindshare and heartshare doesn’t have to be expensive. Recognizing and engaging with a targeted audience is more effective and efficient than betting the farm on broad-based awareness efforts. With the proper alignment of tactics to business objectives, and the discipline to scrutinize and prioritize each and every investment, you’ll be well on your way to building the right share of voice to own the show.

Have other ideas? Please share!

Owning the Show: The Art Of Building Share Of Voice is a post from: Experiential Marketing 2.0

1. Make sure your event has clear objectives. You’d be surprised at major corporations who participate in events because “they always have” or “our competition is there”. Unfortunately, these are not sound business reasons for participation and there is often a great deal of wasted money and resources that go into events that yield no return as a result. Its important to have a business purpose to participate in an event, as well as established objectives. Remember objectives should be SMART.

Specific – Be specific about what you want to achieve as a result of the event.
Measurable – You should be able to measure performance against objectives.
Achievable – Ensure your objectives are achievable and attainable.
Realistic – You should have enough of the right resources to realistically achieve your objectives.
Time-bound – Objectives should be accomplished within a predetermined time limit.

An example would look something like this: “We will go to XYZ event to make 320 contacts which we will qualify into 100 leads by October 22, 2009.”

Its OK to have multiple objectives for a single event, but make sure you have a primary objective, and not many more to ensure you are geared for success. The key here is focus.

2. Create experiences designed to meet your objectives. Setting objectives is the easy part, doing the right things to accomplish them is another. Years ago I had a client who wanted to drive brand awareness with new prospects. This is a fine objective (although not SMART) however, they started by inviting only existing customers to a proprietary engagement, so there was no way to meet this particular objective. If your objective has to do with awareness, do things at your event that drive awareness. If your objective is about nurturing relationships with existing customers, do things that will engage and nurture them. One-size-fits-all events are far less successful than highly targeted, activities rich in experiences designed around objectives and audiences. An example here would be an objective like: “Drive understanding of XYZ product to 400 prospects by the end of XYZ expo.” Then, by creating an interactive, hands-on experience (perhaps a kiosk) to demonstrate features an benefits of a XYZ product to target audiences you’ve moved the needle.

3. Measure performance against your objectives. Measurement should always be based on objective, emphasize outcomes over outputs, and drive a culture of continuous improvement. If you’d like to drive sales, measure sales. If you’d like to increase awareness, survey your audiences before and after the event to see if their awareness of your company or product has increased as a result.

4. Do everything possible to generate the right audience. The most important part of any event is the audience. Its relatively easy to get an audience, but attracting the right audience is a different challenge altogether. Relying on show producers alone is fine, but their focus is to deliver as may people as possible to all sponsors and exhibitors. Its a good idea to supplement this with your own targeted activities. Use internal lists, alliances and business partners, purchased or rented media lists, social media, etc. Promote the event by communicating compelling reasons for your target audience to attend. Talk about those things which will activate their triggers and eliminate their inhibitors. What can they get at your event that they really want or need and cannot get anywhere else?

5. Follow up quickly and consistently. This is a big one. All too often, companies go into an event without a plan for how they will address leads afterwards. Have a process by which you will sort and manage hot, warm and cold leads. Establish different communications streams for each type of lead. Assign the appropriate resources to execute against this plan and make sure it happens. If a prospect is at an event looking for a solution and you do not address them, they will fill their need elsewhere.

6. Ensure there is appropriate funding for everything. Don’t run out of steam at the 80 yard line. Make sure you budget for audience generation, engagement at and around the event, follow up and measurement.

7. Invest in activities that offer the highest ROI. No one ever bought a multimillion dollar solution because of a sign at an event. Branded conference bags, toys, pens, t-shirts, etc. do not convince people to buy your product (unless that is what you are selling.) Once you have the right audience at an event, the most powerful motivators are those things that drive engagement with that audience. Conversations, case studies, networking, speaking, interactive workshops are great ways to engage and interact with your audiences. Invest in these things first.

8. Make your event part of a 360 approach. Remember, it takes more than one date to win the girl. The same goes with business relationships. Every event is important, but what’s more important is how you use that event in the overall marketing mix to court your suspects, prospects and customers. It is this cadence of touches and parts of the conversation which drive deeper, more meaningful relationships.

Eight Common Event Marketing Mistakes is a post from: Experiential Marketing 2.0