Professional Documents
Culture Documents
10. Conclusion 32
Respondent Details 34
LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
EXECUTIVE SUMMARY
1.
Lead nurturing is proven to
LEAD NURTURING: have tangible impact. Nearly
THE BASICS 3 in 4 (72%) of respondents
indicated that they were able
to prove, quantitatively, a
positive ROI for lead nurturing. 2.
The goal of lead nurturing
3. is to qualify leads. 69% of
respondents state that they
51% said that nurtured leads judge the effectiveness of their
are ‘more likely to convert’, lead nurturing programme
indicating that nurtured leads with the amount of marketing
are not just more prepared to qualied leads.
speak with sales, they are also
ready to buy. 4.
Lead nurturing and marketing
automation go hand in hand.
Nearly all (92%) respondents
indicated that they use
marketing automation to
drive their lead nurturing
programme.
5.
Lead nurturing is mature
in the SEA region. 72% of
respondents indicate that their
programme has been running
for at least 2 years.
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
LEAD NURTURING:
IN DEPTH
6. 7. 8.
While SEA marketers run Surprisingly, social media Lead nurturing will
many types of lead nurturing was the channel most continue to grow in SEA
campaigns, nearly 1 in 4 likely to be chosen by in 2020/2021. 80% of
(23%) report that promotional respondents (28%) to respondents stated that their
campaigns are the most deliver the best ROI for lead nurturing programme
essential to their lead nurturing lead nurturing. will either stay the same or
programme. grow over the coming year.
For more details about lead nurturing strategies, challenges, and benets, do read the
whole report.
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
ABOUT CLICKINSIGHTS
Ofce Address
10 Anson Road, facebook.com/CInsightsSG
International Plaza, #36-01,
Singapore 079903 linkedin.com/company/clickinsights/
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
FOREWORD FROM
MARKETO ENGAGE
We are all dealing with unprecedented changes in how we live and how we work. But business
continues, along with the need for our companies to attract new customers.
Our prospects are managing change too. It’s our job keep in touch with them more than ever before
and identify the best ways to add value. Ofine events like conferences and sales meetings are off
the table, posing a challenge for B2B marketers. Many have reinvented their strategy by moving to
webinars, online events and informative content. And although consumers have made a seismic shift
to digital due to the pandemic, they are also starting to show signs of online fatigue.
To help keep prospects engaged, it’s critical they nd the information they need precisely when they
are looking for it. Otherwise, they will look – and buy – elsewhere.
One solution that has helped many companies is lead nurturing. It fosters stronger relationships that
go beyond the pipeline. It empowers marketers with the ability to orchestrate the right engagements
with a prospect throughout their journey in ways that are specic, personal and relevant. From the
initial inquiry through a website to attending webinars, accessing gated content and eventually
building rapport with account staff, lead nurturing offers a measurable way for businesses to grow
business while also supporting prospects and customers throughout the lifecycle.
I also suggest you take a look at Marketo Engage. Yes, I’m biased! But it is a leader in the eld,
having recently featured in the 2020 Gartner Magic Quadrant for CRM Lead. Beyond lead nurturing,
Marketo Engage offers the power of tech and data to differentiate your business like no other. At a
time when differentiating your business matters more than ever, Marketo Engage delivers the tools
to harness the power of data and tech that drives results. Throughout this report, you’ll nd links to
resources which will help you understand everything Marketo has to offer.
Although it’s important to reect on how change has affected us, it’s more important to move forward
and embrace what’s ahead. This time of transition offers a great opportunity – an opportunity for
companies to take stock and prepare to meet the high expectations of the digital B2B buyer in 2020.
NICHOLAS KONTOPOULOS
Regional Head of APAC
Adobe DX Commercial
Marketing, Adobe
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
ABOUT MARKETO, AN
ADOBE COMPANY
8
LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
9
LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
However, nurturing programmes are not the same for every company. Every B2B rm has
their own way of communicating with prospects through the buying cycle.
What went wrong? Craig has done exactly what he was trained to do - establish BANT (Budget,
Authority, Need, and Timing) with prospective customers – and Jenna, quite reasonably, called sales
to get more information.
But Jenna wasn’t ready to have a sales discussion and Craig’s questions were not appropriate for
a new prospect - so the conversation went nowhere, and perhaps even lost a future customer for
Craig’s company.
What could Craig’s company do to avoid this unfortunate situation? Read on…
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
To answer these questions and many more, ClickInsights recently surveyed more than
800 B2B marketers whose companies have lead nurturing programmes. They were asked
dozens of questions about how they keep prospects engaged through the buying cycle.
This report offers an exclusive local perspective on lead nurturing as it was produced using
responses from SEA marketers only.
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
A marketing-led and
43%
managed initiative
A company-wide strategy
with C-level support
27%
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
The most popular type of lead nurturing programme at SEA rms was a “marketing-led
and managed initiative” (43%). While undoubtedly appreciated by the whole organisation,
a marketing-led lead nurturing programme will probably be planned, funded, and executed
almost entirely by the marketing department.
Yet that is not the only model. Other models include lead nurturing programmes which are
“sponsored by sales with signicant input from sales staff” (31%) as well as “company-wide
strategy with C-level support” (27%). Because lead nurturing requires extensive marketing,
planning will almost certainly manage of a lead nurturing programme (Figure 1).
Lead nurturing also requires active participation from marketers. More than 4 in 5 (84%)
respondents indicated they spend at least one day per week working on their lead nurturing
programme, with nearly 1 in 4 (23%) saying that it takes even more time. Clearly, lead
nurturing is a priority for SEA marketers (Figure 2).
Despite the investment required, lead nurturing has become well-established with
companies in the SEA region. Nearly 3 in 4 (72%) regional marketers have been running
their lead nurturing programme for at least 2 years, with 1 in 5 (20%) stating that their
programme has been active for more than 5 years (Figure 3).
Figure 3 - How long have you been developing lead nurture campaigns
within your organisation?
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
Lead
All prospects
1. Data Enrichment Emails 2. Contact Segmentation
MQL
Marketing qualied leads - Leads who
have been evaluated and deemed
‘sales ready’ by marketing
SQL
3. Additional Sales qualied leads - Leads who 4. Swift and
have been accepted by sales for
Opportunity Creation more formal engagement
Unfeigned Follow-ups
Customer
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
As with any marketing programme, it is essential to know what you want to accomplish with
lead nurturing before you begin. This means setting lead nurturing goals.
To discover what goals experienced companies set for their lead nurturing, we asked
marketers to share their methods for measuring effectiveness: What exactly are they trying
to achieve with lead nurturing?
More than two-thirds of respondents (69%) said their set goal was the number of leads
who achieve a “lead score” (Figure 4). Lead scoring is a shared sales and marketing
methodology for ranking leads to determine their sales-readiness. Leads are scored based
on the interest they show in your business using attributes like company size or job title as
well as their behaviours, like web visits and email opens.
Once a prospect’s lead score crosses a set threshold, they are passed to sales for further
discussions. As marketing typically decides when prospects with high lead scores are
handed over to sales, they are often called ‘marketing qualied leads’ (MQL).
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
LEAD INTEREST Site visit frequency, number of page views or documents downloaded
LEAD
Attending a webinar, watching a video
BEHAVIOUR
Many marketers in the region (57%) also consult sales to sign off on leads sent over during
the nurturing process. In this case, the prospects are called “sales qualied leads” (SQL).
In both cases, the goal of the lead nurturing programme is to inform and engage prospects
as well as monitor leads’ activities. Both accrue points until they qualify as either marketing
or sales qualied. It is difcult to manually manage lead scores even for a medium-sized
organisation. That is why most lead nurturing programmes rely on marketing automation
systems for lead scoring (see Tactics: Marketing Automation below).
Interestingly, only 1 in 4 (25%) respondents use “periodic sales gures or revenue” as the
goal of their lead nurturing programme (Figure 4). It seems that qualifying leads using lead
scores acts as the primary goal of lead nurturing programmes.
Marketers interested in lead nurturing should therefore review the attributes of lead scoring.
Talk to sales to understand what is most important to them when setting goals for their lead
nurturing programme. This includes identifying the information required from prospects to
compile a meaningful lead score.
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
DEVISING A LEAD
4
NURTURING STRATEGY
First, marketers must choose which prospects they are going to nurture. How
do marketers in the region pick leads for their nurturing programme?
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
More than 2 out of 3 (69%) marketers in the region consider “everyone who lls out
a contact form” as a viable prospect (Figure 5). Someone who has gone to the trouble to
provide their details to you is highly likely to be shopping in your category and will want
to know more about what you can offer. Additionally, having a prospect’s contact details
makes it much easier to personalise and automate your lead nurturing across channels.
A contact form is not the only way to select leads. Many (61%) survey respondents also
said that they nurture “everyone who visits our website”, meaning that a single visit to the
company site starts off the nurturing process.
STRATEGY: SEGMENTATION
Not all leads are the same, so communicating with them as a single group can be
counterproductive. To help marketers provide relevant information to prospects, leads are
often classied into distinct groups or “segments”.
In SEA, marketers stated using different methods for creating lead segments. This includes
the individual’s location (geographic, 65% report using this method) (Figure 6), personal
characteristics (demographic, 62%) and as well as information about his or her company
(rmographic, 46%).
47% 46%
Psychographic Firmographic
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
STRATEGY: CAMPAIGNS
Once leads are chosen and segmented, marketers must then decide how to get to know
their prospects better. They need to plan campaigns for lead nurturing.
Our survey found that marketers in SEA plan lead nurturing campaigns around engaging
with customers at each step of the sales funnel.
More than half (54%) send welcome emails when the prospect is at the “awareness” stage.
A similar amount (56%) create personalised campaigns for nurtured leads and provide
educational or informative material (54%) to increase interest in the brand’s products or
services at the consideration stage.
Once the prospect signals intent, around 2 in 5 (41%) of respondents provide leads with
‘competitive differentiation’ material to help with the decision-making process. Finally, to
encourage leads to purchase, a majority (58%) of SEA marketers offer promotional pricing
as part of their lead nurturing programme (Figure 7).
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
TACTICS: CHANNELS
When evaluating their lead nurturing tactics, marketers
need to choose the best channels for their campaigns.
It may be tempting to stick with familiar channels, but
marketers should select the most suitable channels for
lead nurturing.
Afliates Advertising
27% 23%
Ofine /
Traditional Events
16% 13%
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
Fortunately, most marketers are already familiar with the most popular channel in SEA for
lead nurturing: the web. More than 7 in 10 (71%) of marketers in SEA use their company’s
website as the focal point for lead nurturing (Figure 8). Delivering content via their site
allows marketers to educate leads as well as track their behaviour. Knowing which pages
leads are viewing helps marketers understand what content is resonating with their
audience and “score” the lead.
Social media is also popular with SEA marketers, as 3 in 5 (60%) indicated that they use it
for lead nurturing. With marketing automation, marketers can combine similar leads into a
specic social media audience and ensure they see appropriate content for their stage in
the customer journey.
Email is the third most popular channel for lead nurturing, with slightly fewer than half (48%)
using it for engaging their prospects. This is surprising as email has always been a popular
channel for B2B companies, yet less than half use it for lead nurturing. With marketing
automation, marketers are can both track and deliver content to its audience via the
company website, email, and social media to leverage best of all worlds.
Other channels, including search engines, traditional media, and events, are still used by
B2B marketers but appear to be less popular for lead nurturing than the three listed above.
Unsurprisingly, nearly all (92%) marketers with a lead nurturing programme said they use
marketing automation (Figure 9).
92% use
marketing
automation for
lead nurturing
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
Marketing automation forms an essential part of lead nurturing as it allows marketers to:
• Track prospects across their journey
• Understand the sequence of activities each prospect takes
• Automatically trigger relevant campaigns to prospects once they have demonstrated a
desired behaviour as captured by the marketing automation
• Create audiences based on behavioural and personal data
• Advertise to audiences across ofine and online channels
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
LEAD NURTURE
6
BEST PRACTICE 2020
Promotional 23%
Re-engagement 2%
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
Ofine /
Afliates Advertising Events
Traditional
7% 5% 2%
3%
25
LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
Frequency optimisation was the next popular lead nurturing optimisation technique in
the region. More than half (57%) of respondents indicated that they were testing message
frequency by experimenting with the volume of emails and social media posts
a prospect receives.
A similar number of respondents (57%) said they used A/B testing to optimise content
for lead nurturing. This involves showing existing content to one group and delivering
experimental content to another and then comparing their engagement results.
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
MEASURING IMPACT OF
8
YOUR PROGRAMME
27
LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
Figure 14 -
How do nurtured
leads perform vs.
non-nurtured leads?
The ultimate test of a marketing programme is its return on investment (ROI). Does it
bring in more money than it costs?
Our survey shows it does. More than 7 in 10 (72%) SEA regional marketers stated they
could quantitatively prove their lead nurturing programme achieves positive ROI and a
further 26% have qualitative evidence which says the same (Figure 15).
Figure 15 -
Are you able to prove 72%
a positive ROI for YES
your lead nurturing We can see the benets of lead nurturing quantitatively
programme?
26%
YES - BUT
We only have qualitative evidence so far
1%
NO
We have not yet proved that lead nurturing is
an effective strategy
SEA marketers are clear about their lead nurturing programme’s performance. Simply put,
they provide sales with high-quality prospects and have an overall positive ROI.
28
LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
29% 26%
29
LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
Improving the buyer’s experience was not the only benet. SEA marketers also reported
that lead nurturing helps them with (Figure 16):
• ‘understanding customer needs and pain points’ (56%)
• ‘nding new customer segments’ (47%); and
• ‘discovering cross-sell / up-sell opportunities’(42%).
60%
Understanding
the frequency of
communications
57%
Producing
enough content
55%
Understanding
where prospects are
in the buying cycle
48%
Finding the
right technology
solution
40%
Tracking /
monitoring /
scoring of leads
28%
Analysing
lead nurturing
30 performance
LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
Respondents also noted some of the challenges they faced with lead nurturing.
The biggest concerns involved communications: 3 in 5 (60%) reported that they struggle
with “understanding the frequency of communications”. A similar amount (57%) stated that
“producing enough content” was an obstacle to overcome.
Regional marketers struggle with technology for lead nurturing. Nearly half (48%) said that
‘nding the right technology solution’ was challenging and 2 in 5 (40%) felt that ‘Tracking/
monitoring/scoring of leads’ was difcult. To avoid encountering these types of challenges,
marketers interested in lead nurturing are encouraged to rst research marketing
automation and marketing technology.
Despite these obstacles, marketers in SEA were overall positive about their lead nurturing
programme. The survey indicated 8 in 10 (80%) planned to maintain or grow their lead
nurturing programme in the coming year. This is a strong statement considering the current
marketing landscape (Figure 18).
https://www.marketo.com/
resources/
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
10 CONCLUSION
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
33
LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
RESPONDENT DETAILS
Thailand 14%
Vietnam 17%
Philippines 23%
Malaysia 14%
Singapore 18%
Indonesia 14%
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LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
Manager 43%
35
LEAD NURTURING: THE SOUTHEAST ASIA PERSPECTIVE
9% 8% 7% 4%
Retail Professional Financial services Travel
Services and Insurance
4% 4% 4% 4%
Hospitality Transport Telecommunication Mobile &
Entertainment
3% 1%
Pharma and Other
Healthcare
36