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šµš»āāļø A Deep Dive Into The Dark Funnel
How to influence the dark funnel?
Dear Trencher,
Hereās how B2B companies want their buyers to buy:
Click an ad promoting their product, webinar, or ebook and go to a landing page
Fill in long sign-up forms and wait until somebody contacts them
Meanwhile, an SDR checks the buyer's data. If it fits the ICP, he will follow up and book a discovery call
On that call, the SDR runs BANT qualification and passes the deal to an AE if the buyer is qualified
Then the AE closes the deal, hurrah !!!
How I wish the buying process was that simple!
Well, here is how B2B buyers actually buy:
ā They first consult their peers and colleagues who have already used the product or service before
ā Following that, they conduct their own research, read content from experts and SMEs, and settle on what they believe is the right solution
ā Then they try to find out the proper budget for the product they need, without even speaking to sales representatives
ā After all these steps, they will then book a call. During that call, they want an expert to answer their questions (real quick) and show them how the product/service will benefit them.
Dear Trencher, if your marketing and sales are not aligned with how your buyers are buying, you are leaving money on the table and missing out on huge opportunities.
Not to say that the friction points you create make you lose 50% of the inbound pipeline beforehand. To help you avoid this, Andrei Zinkevich had a talk with Nicolas Vandenberghe and Arthur Castillo from Chili Piper. They broke down the art and science of the dark funnel and explained how to go from a leaky funnel to a revenue flywheel.
In today's newsletter, we'll show you how to influence the dark funnel.
Let's get to the meat of the matter.
How to influence the dark funnel?
Marketing and sales have changed drastically in recent years. Yet, some marketers still cling to some old concepts that reflect the traditional marketing funnel: MQLs, SQLs, and the likes.
Letās see what is wrong with this approach.
In the old days, you could get raw leads by giving someone what interests them and then get their email address in return. Thereafter, you try hard to nurture them until they come back to your website and take action.
The nurturing cycle was central to everything the marketing did. And that has completely changed today. Why? Simply because of the rise of the dark funnel.
In its simplest form, the dark funnel is the fact that people now have access to better sources of information about the vendor than the vendor himself.š
Hereās a quick example of how that is possible.
A member of Trenches, our B2B marketing community, was looking for recommendations about revenue intelligence platforms. Although he visited Gongās website and read everything written out there, he still sought recommendations from peers who had hands-on experience with the platform.
That's how buyers build knowledge around particular problems and solutions.
The company that came up with the idea of the dark funnel is 6sense.
It's an interesting concept because it's dark from the perspective of the vendors. On the prospectās side, it's not dark at all. Matter of fact, the buyer has all the freedom to look for the type of information they need. Theyāre under no pressure and it can be much more pleasant and credible than receiving an email from a vendor.
A study done by Gartner revealed that nowadays, prospects only spend 17% of their time with the vendor when it comes to researching a particular product.
What about the 83%? They spend it meeting with buying groups, researching independently online and offline, and asking questions around.
Donāt take my word for it. Check this out š
Now, let me share with you a short story of when and how Chili Piper started influencing the dark funnel.
A couple of years ago, Chili Piper wanted to launch a new product. As the product was a few months away from being ready, the team did what most marketing teams do: create a page for the product, talk briefly about the product (teasing), and then ask people to join the waiting list.
As a result, over 450 people left their emails and joined the waiting list. But surprisingly, once the product was ready, emails were sent to the waiting list and only 02 people clicked on the productās link.
Thatās 0.45% of all those who expressed interest in the first place.
The moral of the story: prospects move on very quickly. The last thing you want to do is capture an email and say youāll reach out to those contacts later. It doesnāt work. Well, not anymore.
Instead, what Chili Piperās team should have done at the time and what theyāre doing now is called: the Straight-To-Meeting imperative. Booking meetings instantaneously is the new imperative.
If somebody's expressed interest, get to a meeting. Engage with them and do all the discovery work. Otherwise, if you get people to wait either because it's part of your process or because you think it's good to capture emails and wait, chances are you will end up with a leaky funnel.
The straight-to-meeting imperative helps a lot because when people sign up or come to your website, they already know a bit about your product. It's not as if you still need to educate them with tons of emails. Theyāre already aware, and even if they're not completely ready, itās still the perfect time to have a meeting with them, clear all their doubts, and get the chance to influence the dark funnel.
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Upcoming community events
Goldcast is hosting a super exciting virtual event AI Summit: How Marketers Can Harness the Power of AI on October 18th from 12-5 pm ET.
Join other marketers to discover the many ways you should (and should not!) use AI in your everyday work. Hear from experts on:
How to use AI efficiently, creatively, and ethically
Tactical approaches for weaving AI into your daily work
Ways to spark creativity using generative AI
Ideas for using AI to turn your events into a multi-channel content strategy
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