B2B Demand Generation Benchmark Report: 2013 Marketing PrioritiesJanuary 28, 2013
This fall, Software Advice kicked off the 2012 B2B Demand Generation Benchmark Survey–a study that would enable marketing professionals to compare their lead generation performance to their peers’.
Our mission was to identify the most effective channels, content and offers, as well as forecast where marketers will prioritize their demand generation spend in 2013. Today, we are excited to reveal the results with our partners, Eloqua and CMO.com.
Expert Video Discussion of the Survey Results
To help digest these figures, we’ve also created a video discussion with Eloqua’s Marketing Programs Director, Elle Woulfe. She discusses the survey group’s opinions about channel, content and offer performance, as well as other factors that impact lead quality and quantity.
And below are the detailed results of our survey.
Percentage of Marketers Using Each Channel
The graph below illustrates the percentage of marketing respondents that use each channel for demand generation. Digital channels have largely surpassed traditional media, with the exception of trade shows and events.
Perceived Quantity of Leads by Channel
We asked marketers whether they would describe each channel they use as producing a high, medium or low quantity of leads. The chart below is ranked from highest to lowest percentage of marketers identifying the channel as high volume.
Digital channels received the largest percent of votes for producing a high volume of leads. Again, trade shows and events were the exception.
Perceived Quality of Leads by Channel
We asked marketers whether they would describe each channel they use as producing high, medium or low quality leads. The chart below is ranked from highest to lowest percentage of marketers identifying the channel as producing high quality leads.
The two most popular channels–in-house email marketing and search engine optimization–were identified most often as producing high quality leads.
Perceived Lead Cost by Channel
We asked marketers whether they would describe each channel as having a high, medium or low cost-per-lead. The chart below is ranked from highest to lowest percentage of marketers identifying the channel as low cost-per-lead.
Social media (not ads) received the most votes for being low cost and it was one of the most popular channels, despite marketers not seeing the channel as producing a high quantity or quality of leads. Trade shows and events are the most expensive channel.
Perceived Quantity of Leads by Content or Offer
We asked marketers whether they would describe each content or offer as producing a high, medium or low quantity of leads. Here’s how each content or offer ranked from the highest to lowest percentage of marketers viewing them as high volume.
Perceived Quality of Leads by Content or Offer
We asked marketers whether they would describe each content or offer as producing high, medium or low quality leads. Here’s how they ranked from the highest to lowest percentage of marketers viewing the content or offer as high quality.
Percentage of Marketers Using Each Content or Offer
The graph below illustrates the percentage of marketing respondents that use each content or offer for demand generation. Unlike marketer’s opinions about channels, popularity didn’t coincide with success in producing high quality or quantity of leads.
Demand Generation Performance: Marketing Automation Users vs. Non-Users
We asked marketers whether they use a marketing automation program for demand generation, and then filtered the results by those who answered yes or no to that question. The chart below compares marketing automation users and non-users for demand generation performance relative to their expectations for the program.
About 56 percent of marketing automation users rated their demand generation performance as in line, above or far above expectations. This compares with just 41 percent of non-marketing automation users.
Overall Demand Generation Spend Plans for 2013
We asked the group about their demand generation spend plans for 2013. The chart below shows how marketers will adjust their spending plans relative to what they allocated for programs in 2012.
The majority of respondents plan to spend more on demand generation in 2013. Just 3 percent of the sample said they will spend less or stop spending on demand generation next year. Another 3 percent selected “not sure” to this question.
Demand Generation Spend Plans by Channel in 2013
We also wanted to evaluate demand generation spend plans by channel. The chart below reveals how marketers will adjust their spending plans by channel in 2013 relative to 2012.
Three channels that did not receive high marks for producing quantity or quality of leads–retargeting advertising, social media (not ads), and social media ads–came in first, second and third, respectively, for channels marketers will spend more on next year. (Check out our video interview at the top of this post for a discussion on possible reasons for this trend.)
About the Sample
We collected 155 responses from Sept. 26 to Nov. 12, 2012. Below is a breakdown of the sample by industry, business size, marketing budget and seniority.
Sample Demographics by Industry
Sample Demographics by Number of Employees
Sample Demographics by Marketing Budget
Sample Demographics by Seniority
The thumbnail image was created by StockMonkeys.com.