We live in an age of of a very savvy customer. Instantaneous transactions, multiple touch points, and the merging of offline with digital have combined with a multitude of media outlets (including social media) to create ever-savvier audiences that are harder to find and keep. We need greater clarity so as to move faster, stronger, and better to deliver their messages and capture consumer attention.
Amidst this fast-moving environment is digital marketing. digital marketing is increasingly affording the situational awareness needed to not only know what works in the marketplace, but how to continuously make what works, work better. For many marketers, tracking the digital footprint of the customer is the first step.
While digital marketing makes data readily available, for many of today’s marketing decision-makers, the clutter of information received from the vast array of sources can blur the bottom line rather than bring it into focus. Therein lies the irony: Today’s marketing environment offers a rich menu of options for reaching the customer, and in return delivers a vast amount of data to the marketer, who must capture the meaning, implication, and importance of that data.
digital marketing is very powerful and puts marketing executives in the unique position to leverage technology advancements to gain customer insight and drive ever-new approaches to doing business.
But the benefits of doing it right are enormous. Engaging your customer with personalized messaging and timely communications generates a 2 to 3 times For best in class organizations, average performance in terms of revenue was 59%.
If you look at the industry average, the average performance increase was just 9%
So the question then is how do you there?
The Hunter has become the Hunted. Sales or even the Company is no longer in control. The Buyer is in control: savvy customers today are very good at tuning out commercial noise and being more selective with whom they do business
The truth is, as marketers, we are already wrestling with multiple applications for data, CRM, email, web, social, analytics… and we are having almost parallel, siloed disconnected conversations on these platforms…
Today’s marketers struggle with limited time, money and staff. All of these resources need to be spent wisely to maximize efficiency and keep your marketing pumping out results.
Gartner Research projects that “by 2020 customers will manage 85% of their relationship without talking to a human.” The primary need that leads and customers have in their research is for useful and timely information. Our role as marketers should be to help customers get all of the information they need and ease their decision process.
The promise of the Demand Center is that it can become a Command Center – mission control if you will..
The promise of the Demand Center is that it can become a Command Center – mission control for marketing excellence. It drives new levels of predictability and performance.
Transcript of "Making the Case for an Outsourced Demand Center"
A Digital Solutions Firm delivering
Marketing and Technology Solutions
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The Business Case for an Outsourced
Demand Center of Excellence
Or how to get quick returns on
your marketing automation investment
1. Challenges facing Marketers today
2. Gaps brought about by Marketing Technologies
3. The Demand Center
4. What tolook for inan Outsourced Demand Center
1. Improving engagement: Delivering relevant experiences that
keep customers or prospects engaged withyour
2. Maintaining digital dialog: Two-wayconversations using
multiple channels—web, email, mobile, social media…
3. Nurturing: Move leads through the buying cycle tothe point
at whichthey are ready for sales
4. Scoring and prioritizing: Identifying those high-value
customers or prospects
MAPs: Leveraging the Digital Footprint
Marketing Automation affords us the “situational awareness” to
optimize our ability to acquire and convert customers
Automation is Driving Conversions
Eloqua noted that automated campaigns on average have a
>200% higher conversion rate than batch and blast
The Reward of Higher Revenue
Best-in-Class Organizations deliver a 79% improved company
wide revenue growth
B2B Marketing – a reality check
“Too many B2B marketers … do not experience the full
potential that these platforms deliver. They are held
back because they don’t have the right lead
management process in place, the right contact
information in their database, the right content for
engaging buyers, or the right skill sets for managing the
intersection of these efforts.”
- B2B Marketers Must Better Prepare for Automation,
85 The percentage of b-to-b marketers that describe themselves as
81 The percentage of b-to-b organizations that spend $1,000 or less
per year on marketing skills development.
25 The percentage of organizations that have purchased marketing
automation that are utilizing it to the fullest.
7x The gap in waterfall performance (inquiry-to-close ratio) between
average and best-in-class organizations.
B2B marketing – a reality check
Only 25% of organizations are fully realizing the potential of their
Marketing Automation Platform – Sirius Decisions
- Sirius Decisions
1. Sirius Decisions: The Demand Center is a hub of shared
marketing services, infrastructure and process that
enables organizations to bring programs to market by
leveraging key corporate assets and best practices
Create a Marketing Operations Demand Center
The Function of the Demand Center
A central resource pool of practitioners experienced in MAP,
CRM, Design, Analytics
The Demand Center’s Services
A centralized Demand Center addresses the gaps brought about
by marketing technologies like automation
Day to Day
1. Enabling optimization across the entire funnel
2. Drive new levels of predictability and performance
3. Managing a single set of segments and business rules
4. Providing a data repository for a single customer view
5. Integrating and synchronizing third party applications
6. Knowledge share and best practices across the organization
7. ProgramAssembly and Execution
8. Strategic Guidance and Advisory Services
Benefits of a centralized marketing suite
Marketing must move from a siloed organization to a flexible,
project-based organization able to execute with agility
The Onsite Model
Investment in FTEs, Training and Ramp-up
The Hybrid Model
Implementation and Best Practices provided as a managed
The Outsourced Model
Administration, MAP Campaign Strategy and Best Practices and
all implementation handled by outsourced digital agency
What to look for in
Definition: A Demand Center is a services organization
that centralizes Demand Generation-related skill sets
and capabilities in order to leverage marketing
investment, improve efficiency and impact, and
organize resources around buyer journeys.
The Outsourced Demand Center