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Are you getting the most out of your marketing budget? The only way to know for sure is to take a close look at how your marketing and sales teams are performing. Dig into the data in your CRM system, and you’ll find a wealth of information. Even if you’re satisfied with the fruits of your labor, you may learn that you’re actually leaving ROI on the table. Here are five ways to find out if your organization has more ROI just waiting to happen:

1. Low closure rate
If you are swamped in highly qualified leads but aren’t putting many of them in the “win” column, you’re probably not getting the return you should be on your marketing efforts. This is a red flag and should be followed with a hard look at why so many leads aren’t turning into sales. This can require some tough conversations, but the outcome will be worth it for all involved. Your sales team will enjoy better numbers, and company revenue as a whole will increase.

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A decade ago, the CRM sector was hitting its stride. The commericialization of the web made it possible for businesses to keep better track of their customers, marketing initiatives and the revenue associated with each, with the evolution of software as a service (SaaS) making it even more accessible and powerful. The next iteration in the maturity of CRM is social media. Beyond the nebulous benefits of connecting with existing and new clients via this increasingly popular channel, there are steps you can take to use tools like Twitter and LinkedIn to extend your CRM capabilities.

The stakes are high, of course. Forrester Research estimates that around 75 percent of adults online in the United States use social media platforms, so there’s a decent chance that a meaningful portion of your target market can be found in this environment. The challenge then becomes … what do you do with this access?

Like Forrester, I agree that you need to dodge the hype and get right down to business. There are plenty of specific ways you can extend your CRM capabilities into the social media space, from monitoring client satisfaction trends to identifying pain points that can be used in pursuing new business. The potential is easy enough to identify — execution tends to be the tough part.

So, here are five suggestions from Forrester on how to get started … with an enter:marketing twist:

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Tell a prospect that he needs virtualization, and he’ll ask why. Ask him how he plans to cut costs and increase IT operational efficiency, however, and he’ll invite your ideas. IT manufacturers and resellers spend far too much time pitching systems, and not nearly enough time understanding their clients’ businesses. The latter is what leads to near-term sales and long-term relationships … not to mention referenceable projects and referrals.

Don’t think about selling technology – that’s what your competitors do. Instead, become a true “solution provider.” Take a consultative approach through the sales process. Work with your clients to understand the business problems they face, and you’ll have the opportunity to develop and implement technology solutions that solve problems inside and outside the datacenter. The key is to get as specific as possible and show how the pain can be alleviated in a manner that improves the business operation while reducing costs or increasing revenue.

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