B2B sales professionals see a brighter future for 2010, but closing
deals remains a major challenge and sales professionals see a mix of
traditional and Sales 2.0 prospecting approaches as the best strategy
for accelerating sales cycles. These are the top level findings of a
recent survey of B2B sales professionals conducted by OneSource,
an
Infogroup company (NASDAQ: IUSA) and the pioneer in delivering
business information solutions for sales and marketing professionals.
Pipeline Growth and Sales Cycles
According to OneSource’s
B2B SalesPulse Survey, 47% of respondents reported current sales
pipelines as better than last year, with 11% reporting no change. While
pipeline health shows modest improvement, sales cycles are getting
longer, making it harder for sales professionals to close deals.
Fifty-nine percent surveyed said that current sales cycles were longer
than last year. Only 16% reported shorter sales cycles.
Best Sources of Qualified Opportunities
When asked to rate
various lead sources, sales professionals overwhelmingly rated outbound
prospecting as the best source of qualified opportunities, followed by
the corporate website. Inbound calls, e-mail marketing and events and
trade shows came next, followed closely by social networking and media
sites. Sales professionals surveyed placed the least importance on
direct mail and webinars as sources for qualified leads.
Survey respondents also shared their views about the value of social
networking and media sites for sales prospecting and research. LinkedIn
rated the highest by a wide margin. Following LinkedIn were blogs,
Facebook and Twitter. YouTube came in last and was significantly lower
than the rest.
LinkedIn also showed the most growth with nearly half of all respondents
saying that they are using LinkedIn more now than a year ago. Even
though LinkedIn showed the most growth, nearly a third of respondents
said they are still not using LinkedIn.
Most Valuable for Initial Lead Qualification
When B2B sales
professionals were asked to rate what company information they find most
valuable to qualify inbound leads, the number one answer was location
and geography, followed closely by revenue size and employee size.
Company news and industry SIC codes tied for third. Executive profiles
and assets were rated among the least important types of company
information for qualifying leads.
"Despite healthier pipelines reported by sales professionals taking our
survey, the majority are still facing longer sales cycles, which makes
having the right information to identify hot prospects and accelerate
them through the pipeline more important than ever before,” said Sham
Sao, Chief Marketing Officer of OneSource. "Use of information from
social media sources and web mining is growing as sales professionals
are looking to leverage every piece of intelligence they can find to
help progress deals.”
OneSource’s B2B SalesPulse Survey was concluded in Q1 of 2010, gathering
responses from B2B sales professionals. Press and Analysts can obtain
additional survey information including raw survey results by contacting
Kelly Loontjer at 402-596-7574 or kelly.loontjer@infogroup.com
via e-mail.
About OneSource Information Services, Inc.
OneSource, an
Infogroup company, delivers business and sales intelligence on millions
of companies
and executives
worldwide – optimizing clients’ sales and marketing efforts and
assisting with business-to-business research activities. The OneSource
LiveContent™ platform combines content from over 50 world-class
suppliers and thousands of information sources, providing unparalleled
data accuracy and depth, delivered through the Web, CRM integrations,
and information portals. OneSource has offices in North America, Europe,
Australia, and Asia. For more information, please visit www.onesource.com.
About Infogroup
Infogroup (NASDAQ: IUSA) is the leading
provider of data and interactive resources that enables targeted sales,
effective marketing and insightful research solutions. Our information
powers innovative tools and insight for businesses to efficiently reach
current and future customers through multiple channels, including the
world’s most dominant and powerful Internet search engines and GPS
navigation systems. Infogroup’s headquarters are located at 5711 South 86th
Circle, Omaha, NE 68127. For more information, call (402) 593-4500 or
visit www.infogroup.com.
Statements in this announcement other than historical data and
information constitute forward looking statements that involve risks and
uncertainties that could cause actual results to differ materially from
those stated or implied by such forward-looking statements. The
potential risks and uncertainties include, but are not limited to,
recent changes in senior management, the successful integration of
recent and future acquisitions, fluctuations in operating results,
failure to successfully carry out our Internet strategy or to grow our
Internet revenue, effects of leverage, changes in technology and
increased competition. More information about potential factors that
could affect the company’s business and financial results is included in
the company’s filings with the Securities and Exchange Commission.
