9% Increase in Leads in First 3 Months
$200k per month revenue increase in 3 months
$1,000s saved in 6 months
Before HubSpot, The Institute
From a marketing perspective, there was little clarity of information around leads and how to track them. While the website was attracting leads via enquiries, they had no other insights that could be used for lead
From a sales perspective, the lack of differentiation between leads meant every lead was treated the same, as sales weren’t in a position to take the most appropriate action to further opportunities. The team also faced mountains of manual data entry as part of a paper and spreadsheet-based sales process, with no accurate means of data collection or reporting. “Before HubSpot, our sales system could be described as a bit archaic. It was very paper-based and Excel-based, so a lot of manual data entry for reporting purposes. So it was a little bit old-school.”
These issues on a functional level combined to have a negative effect on the business as a whole, where the number of leads generated and the rate at which they were being converted was far less than it could have been.
The company’s initial approach was to find a solution for their marketing
Throughout the consideration process, they tested several tools, including Salesforce and Marketo, but it was the easy-to-use and all-encompassing nature of the HubSpot Growth Stack that impressed them the most.
While senior stakeholders were given insight into the project, the final decision was left with Jean and Kim, who were both happy that HubSpot could meet their marketing and sales needs and act as the best solution for their teams. “HubSpot met our needs better than any other tool. It also made the most sense for us and was by far the easiest to use.”
During the implementation of HubSpot, Jean alluded to the friendly and professional support provided by her implementation specialist as a key driver in developing her understanding of HubSpot. Kim was impressed with the abundance of self-learning resources available to him and his teams, stating that all 20+ HubSpot users on the sales team have completed the Sales Certification. “HubSpot really delivered on the support side of things to help us get up to speed, and the ongoing service has been fantastic. In terms of resources, the sales certification has been really helpful for all our HubSpot users on the sales team.”
On the marketing side, Jean completed her Inbound Certification and HubSpot Marketing Software Certification to become more familiar with everything that the Growth Stack has to offer, and has used her new knowledge to address the challenges she faced. She started by developing more in-depth criteria to determine what a marketing qualified lead (MQL) should look like, ensuring only highly qualified leads were passed onto the sales team. She began to generate more leads through HubSpot’s lead flow forms and used online advertising to drive traffic to HubSpot landing pages to fill out an
Weekly marketing and sales meetings were held throughout the implementation process to provide clarity and ensure both teams were fully aligned. Jean and Kim also continue to meet individually and have both spoken of the benefits they’ve seen at all stages of the pipeline as a result. Sales have a full understanding of what marketing actions are taken and why, and Jean is able to adjust marketing activity in line with the needs of sales to create the most benefit. “Everyone really wanted to understand how they interacted with each other and, as a by-product of HubSpot, it’s changed the way marketing and sales talk to each other for the better.”
Jean and Kim both agreed that the results of using HubSpot have been fantastic for The Institute, starting with the presence of a consistent message and cohesive customer journey. Marketing and sales are more aligned and involved than they’ve ever been, and this has fostered a greater appreciation and understanding of what each function does, and how they can work together to improve along every step of the journey.
The hard metrics haven’t been bad, either. Jean alluded to a 9% increase in leads generated in just three months, also saving tens of thousands of dollars over six months. With more quality leads coming through to sales, Kim cited a 2% increase in conversion rate over three months, which equates to an astonishing $200,000 in additional monthly revenue. This is a phenomenal achievement and means that not only
Going forward, Jean and Kim hope to continue evolving The Institute’s offering through the development of more HubSpot-run projects, getting more users on board and implementing a feature that will allow leads to directly book a meeting with a sales rep and further boost conversion rates. It’s clear that The Institute
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