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Reading The Leaky Funnel from cover to cover rewards the reader with a step-by-step understanding of what is required to change a company so it can adopt to the modern customer focussed world. The hero's of this story are the directors who chose a CEO from the customer base and gave her the time to understand the problems and bring the staff with her in devising the solutions. In Australia, we saw Southcorp do the opposite - to quickly revolutionise without understanding the skills they needed in the business or what was motivating their retail customers, particularly those in the UK. What a pity they did not have the chance to read The Leaky Funnel. Robert Gottliebsen. National Business Commentator, The Australian
Don Schultz. Professor Emeritus-in-Service, Northwestern University, USA
Jennifer Webster. Channel Marketing Manager, Computer Associates, Australia
Michael Ward. formerly VP of Corporate Relations, OzEmail and CEO, ECOS Corporation, Australia
Hugh Macfarlane's recently published book "The Leaky Funnel" offers an engaging and informative perspective on integrating the sales and marketing funnels. His fictional story takes the reader through the process a new CEO encounters with her executive team to make the company more customer focused throughout the sales process. This team's journey unlocks the company's profit potential as they establish a process and mindset that better serves the marketing organization, sales organization, and customer. There are several innovative concepts that Macfarlane presents very well. First of all, his approach of mapping the sales cycle from the buyers' perspective is essential to aligning the efforts and investments that marketing and sales might otherwise develop independently. It is critical to move past the handoff of leads from marketing to sales that too often ends up being a disappointment for both groups. Next, Macfarlane makes it clear that allowing prospects to leak out of the funnel only to be dumped back into the top of the funnel for the next marketing campaign is a missed opportunity. Those leaking out of the funnel must be immediately "recycled" back into the sales cycle. Done right, the investments to motivate customer progression can generate much higher returns as strategies are developed to capitalize on this concept of recycling. Marketing ROI Pathways bulletin - March 2004 issue. Lenskold Group, New Jersey, USA
Mark Braithwaite. Director, Braithwaite Steiner & Pretty
CRM Today - editorial 9 June 2004
The fundamental drivers of B2B and consumer businesses are like chalk and cheese. Any seasoned B2B or industrial marketer will tell you that consumer marketing tactics - the ones that are taught to all newly-minted marketers - just don't cut it in B2B sales. And that's why this is such an important book. Many B2B companies struggle with sales and marketing teams that are on different planets, tactics that are arbitrary and not aligned with the way customers buy, and indicators that don't really measure the most important issue - whether you're really earning more customers or just paddling round in circles. Many B2B companies struggle with sales and marketing teams that are on different planets, tactics that are arbitrary and not aligned with the way customers buy, and indicators that don't really measure the most important issue - whether you're really earning more customers or just paddling round in circles. In The Leaky Funnel, author Hugh Macfarlane argues for a major change in the way businesses organise and manage their combined Sales and Marketing resources. I spent many years in B2B marketing roles with major organisations, struggling with most of the issues raised by Macfarlane in this book, and found his approach both refreshing and simple to follow. Robyn Haydon, The Winning Pitch, Aug 2004 issue
Sales and marketing people taking their profession seriously, should
read The Leaky Funnel to increase their sales and generate happier
customers. It is easy to read and common sense all the way through by
taking the reader on a journey full of examples of how to achieve true
solution sales.
Runi Nielsen-Candido, Managing Director, Pragma Consulting Novel Ideas: "The Leaky Funnel""... an idea is not valuable until it has been shared." Hugh Macfarlane. Macfarlane tells the story of a fictional plastic bead manufacturer called HardBits to demonstrate a valuable lesson in marketing - Good companies build needs. Poor companies pitch products. And in the process, he creates a consulting methodology that can be replicated by almost any company. The journey of the HardBits Executive Team, each created to represent a corporate function (and often a workplace stereotype), is structured to highlight and hopefully resolve a common business dilemma - how to plug a leaky sales funnel (how to stop the progressive loss of potential customers over time as they migrate from a "lead" to a paying client). The answer, according to Macfarlane, is to integrate sales and marketing. Macfarlane turns traditional sales and marketing logic on its head, suggesting that the Sales/Marketing function of any business should build its activities around the buyer, and not the sales cycle. While this may seem common sense, it flies against the general practice of most sales people, who spend their time trying to convince the potential buyer that the solution offered is the best available at that time, rather than focusing on the buyer's problem from the outset, and developing an appropriate solution. This means that marketing professionals should not only spend their time developing leads for the sales people to close, but also recycling the leakage from failed sales by gaining a better understanding of the buyer's needs. Macfarlane would be the first to admit none of his strategies is original. However, what Macfarlane does is create a framework - a model that can be quantified and measured. Macfarlane, in fact, has followed his own advice. While acknowledging all his sources of information, he has positioned himself to offer something both original and useful to his customer (the reader) - a consulting methodology that can be replicated. Issue 5, Anthill Australia - Australian Venture Capital magazine
Mary Rapaport, Global Marketing Director, Minco
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