Let's look at the symbiotic relationship between marketing and sales. Marketing has the task of creating content to attract potential buyers. Those leads are then handed over to sales to ensure the "I want that!" becomes "I bought that!" Salespeople need marketers, and marketers need salespeople.
Buyer awareness begins with marketing, but sales often end up with the hard numbers on how much money they brought in. Marketing is often left trying to answer the question of, "what did our efforts generate in terms of dollars for the company?"
The best way to truly (and fairly) measure the effectiveness of both marketing and sales is by using closed-loop reporting. Better still, using this system only strengthens the relationship between both teams in your company.
So where to start? Let's look at some the benefits and which platform we at Rizen recommend you adopt.
The term "closed-loop" simply refers to the connecting efforts made by marketing to that of sales. Marketing passes on leads to sales, and in turn sales reports back on what happened with those leads. Instead of a one-way flow of information and tracking, the pipeline now flows back and forth, allowing both departments to effectively gauge the value of their efforts. Let's look at some immediate benefits closing the loop can have on your company's overall efficiency.
In order to effectively gather data on how customers are interacting with your marketing efforts, you'll need to begin using marketing automation software.
Often, your marketing and sales data use two different, completely unconnected products, and that's not a good framework for communication and collaboration. If you can adopt software that brings both marketing and sales together in one place, your company will benefit greatly.
That's why Rizen recommends you adopt Hubspot to unite your teams and integrate closed loop reporting effectively. We believe in using smart technology and the power of inbound marketing and Hubspot can help you integrate both!
A massive benefit of marketing within the HubSpot ecosystem is that all of your sales and marketing data is housed in one place. With all of that data consolidated into one stack, you’ve got the ability to run insightful and thorough reports that tie marketing and sales performance together in one data-rich environment.
Overall, HubSpot is an all-in-one inbound marketing and sales platform that will help your business close the loop, attract visitors, convert leads, and close customers.
Learn more about other strategies to reach today's digital-savvy customers by checking our our web guide on Inbound Marketing. We cover topics such as developing a company purpose, inbound principles, the buyer's journey, keyword research, content strategy, lead nurturing, and more!