Offer > Channel fit
Marketers talk a lot about product market fit. They’re converting inbound leads through referrals but not from cold either through ads, email or social media.
Offer > Channel fit is more important in both testing and getting leads quicker.
Take 2 scenarios:
Scenario A: A marketing manager researches a list of 2000 prospects and sends a cold email they’ve written using a cold email template they found online.
- For the first 500 emails the response rate is 30% but there are no replies, and there was some curiosity from the prospects who opened it.
- The marketing manager makes some tweaks to the copy and sends another 500 and is left baffled as they only get one reply that isn’t interested.
Reason: There wasn’t an offer included so the prospect had no reason to respond.
Scenario B: A marketing manager has a list of 1000 companies and decision makers.
- They segment the 1000 companies in 2-4 sub-segments by job title or sub-industry e.g instead of B2B SaaS, they choose B2B SaaS > Accounting or B2B SaaS > Small business CRM.
- Them they create an offer per sub segment with what benefit it will provide the prospect immediately, rather than post discovery call.
- A response rate from one of the sub-segments then gives them some indication of where they have potential to research and add more leads to that campaign. Little or no response from one of the sub-segment campaigns lets them know they need to improve the offer.
Reason: This immediately creates trust and builds up value before a call is booked.
What a (non-existent) Offer!
Most B2B companies depending on the businesses stage, have grown either through founder led sales or through a strong existing network from people they’ve worked with over the years.