• Share
  • Email
  • Embed
  • Like
  • Private Content
Marketing Automation Clinic
 

Marketing Automation Clinic

on

  • 2,461 views

 

Statistics

Views

Total Views
2,461
Views on SlideShare
936
Embed Views
1,525

Actions

Likes
0
Downloads
36
Comments
0

6 Embeds 1,525

http://www.marketo.com 1481
http://uk.marketo.com 24
http://eu.marketo.com 12
http://au.marketo.com 4
http://asia.marketo.com 2
https://www.marketo.com 2

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…

Comments are closed.

Edit your comment
  • Please note that today’s webinar is being recorded. It will be available on-demand soon after the conclusion of the webcast.We will conclude today’s event with a Q&A session. Please feel free to submit your questions throughout and we will get to as many of your questions as we can. You can enter questions by typing your question in the box on the left-hand side of your screen.
  • Let’s begin with a definition…
  • Automation Makes Personal Conversations ScalableHaving a conversation with one subscriber at a time is easy, and you can even do it manually. You could probably even manage dozens of consumer conversations manually, in fact. But there is a real scalability issue when your subscribers start to number in the hundreds, thousands, or millions, because you still want to have relevant, personalized conversations with each and every one.Some companies try to implement these processes using the wrong tools. Remember the “I Love Lucy” episode in which Lucy took a job working at a candy factory? She could handle packaging when it involved just a few chocolates, but as the volume increased, things got messy (and funny!). When your subscriber volume increases, it’s as if your conversations are on a fast-moving conveyer belt. Without the right technology to keep you up to speed, your marketing could become a mess, and no one will find humor in that! That’s why automation is critical to customer engagement — there is no other way to have one-to-one conversations with your customers on a large scale. Automation allows you to be relevant to each and every one of your customers, and let them feel listened to and respected. Remarkably, in this new digital era, we’re back to the good old-fashioned business ethic of putting the customer first!\
  • Also web visitor tracking
  • Email marketing is the often the most important online marketing channel.Marketing automation systems can usually replace an email service provider (ESP).
  • Email even more powerful when combined in a single platform with landing pages and forms. Create landing pages and forms, rich with social elements, using simple drag-and-drop
  • Amplify reach across all channels with integrated social  sharing, engagement and promotion
  • Events are a specific time of program. Completely automate the event process, including personalized invitations, registration, reminders, and post-event follow-up. They can also provide analytics, so know how many people have registered, how many attended, and so on. Integrate with tools like Cisco WebEx®, Adobe Connect, Citrix GoToWebinar, ON24, and Readytalk to streamline the process further. (In fact, this is how Marketo will be able to send you a follow-up to today’s webinar so quickly!)
  • And nurture! And lifetime value / engagement
  • This is what takes marketing automation beyond email and web marketing, extending the workflow engine to integrate with the CRM system to create complete lead lifecycleworkflows that ...
  • Improve sales effectiveness through real-time lead intelligence delivered through the CRM
  • Clearly demonstrate ROI of marketing programs through highly visual, closed-loop reportingReporting and analytics reside at the intersection of marketing art and marketing science. They give you the ability to prove the impact of your marketing efforts. All vendors provide some level of marketing measurement and analytics, but the depth of functionality – especially in terms of measuring impact on revenue and ROI – varies greatly, from extremely basic to extremely deep.One area to look at specifically is Multi-Touch Revenue Attribution.Customers do not purchase your product because of just one campaign. Rather, marketing usually impacts a sale multiple times across multiple people. Multi-touch attribution is the ability to allocate credit (pipeline, revenue) among all the marketing activities that have successfully touched a sale as it moves through the revenue process. Some systems also provide a visual way to see all the marketing programs and touches that influence the contacts associated with a sale as it moves through the funnel.
  • We’ve talked about what it is, now let’s talk about what it’s not.Automate as a word sounds mechanical.
  • So how can we be more relevant and engaging?You can’t be relevant if you’re broad.We know batch and blast does not work – it is simply less engaging. One way is to be more targeted – smaller sends = more engaging. Engagement Score enables marketers to quickly judge how effectively each piece of content is engaging prospects and customers over time… combines open, click, unsubscribe, conversion, and so on into a single metrics.
  • The key to relevance is behavioral targeting.So you want relevancy and engagement – but this requires sophisticated targeting that combines online body language (web traffic, search behavior, email response) plus transactional data plus with lifestyle and demographic data (personas)When behavioral cues are not used, email can be experienced as a dissonant interruption. What the sender considers a coordinated "drip campaign" may feel more like water torture to the receiver.
  • Here’s an example of how Marketo created even more relevance.Topic of interest nurturing: Nurture tracks based on four different topics that we thought our customers were interested in (email, social marketing, marketing automation, and Microsoft Dynamics). We listen for signs that may be interested in this (events attended, web visits, keywords used etc.), and if so assign them to the specific track nurture track. If they get to the end of that specific track, we put them back to regular until they do something else specific.
  • Result: Big lift!More on our blog about this: http://blog.marketo.com/blog/2013/06/topic-of-interest-based-nurturing.html
  • Email service providers traditional don’t help much. ESPs tend to only track email behaviors (open, click) in their local database. Lacking connection to other buyer touch points, standalone email services are unable to inform communication with more personal behavioral cues.But for more sophisticated targeting, they rely on technical databasesThese lists come from complex queries written by technical experts, not marketers. This includes API calls, SAS queries, and some email providers even tout the fact that their queries can be written in “good old fashioned SQL” (they even provide functionality for handling situations where the SQL-queries time out!)Don’t use dumb lists, use a smart database – easy!!And easy to change
  • While this may be straightforward for programmers, it’s a foreign language to most marketers…This makes the marketer reliant on technical resources for anything that’s not simple, especially anything that incorporates behaviors beyond email open and click
  • Short history of email:Commercial email first evolved from a traditional direct mail mindset: lists, promotions, offers. Big campaigns. Send the same message frequently and rapidly to many. 1-2% response rates. Sent on your schedule, not theirs. One of email’s biggest “benefits” was its low cost compared to direct mail. But email was too easy. When companies combined the ease of sending large quantities emails with the low cost of doing so, it resulted in a recipe for a sender's dream but a receiver's nightmare. “Batch and blast” was off and running.But the problem was this: Nobody wants to get “blasted”.Think of the word blast....what do you imagine? It's a shotgun. Wide pattern, random spread, unfocused (for the most part) and an imprecise tool whose end result is one that sometimes leaves more damage than any benefit you might have gained. .. It hurts. Casualty of war.Terms like “hit the database” or “e-shot” are just as bad.
  • Every interaction is a link within the context of a communication supply chain.Don’t look at each discrete message, or even each campaign, as a unique event. Marketing is not a candy machine.
  • 18 triggers11 batches19 campaigns to manage the whole thing
  • There are three core benefits to marketing automation:Save time and moneyMeasure and optimize marketing investmentsFaster revenue growthHere are some more of Nucleus Research’s findings on the effectiveness of marketing automation:By instituting marketing automation capabilities, companies can expect to achieve an increase in marketing staff productivity between 1.5 and 6.9 percent. The biggest boost, of course, will come to companies transitioning from a labor-intense manual marketing system.Enabling marketing automation can reduce administrative overhead to a savings of 3.4 percent (on average), with most companies saving between 1.5 and 5.2 percent.Sales productivity can be expected to increase by an average of 4 percent, with two-thirds of companies experiencing sales force productivity gains between 1.6 and 6.4 percent. Marketo Benchmark dataLots of tools on Marketo’s website to help build a business case.
  • Sometimes, your executive team won’t immediately see the value of a marketing automation investment. To convince them, you’ll need to understand their priorities—and what challenges stand in their way. Then, you can connect the dots for them and position marketing automation to address their specific concerns.
  • The Importance of Easy You want to select a solution that’s easy to buy, easy to own, and easy to use.Fast to get results. It should be easy to get started quickly, so you see initial results in days. Buying marketing automation shouldn’t require a leap of faith on your part. Make it easy to accomplish marketing tasks faster. Marketers aren’t mechanics, so they shouldn’t have to spend time managing the machine.When a solution is easy to use, it frees up your marketers’ time for more strategic and creative aspects of their job. Don’t spend your time training a power user. Instead, go with a modern platform that makes all of your users powerful. This lets you distribute usage across all the marketers in your organization.Easy is what drives flexibility and agility. When the solution is easy to use, your team can quickly turn ideas into implemented reality – so you get great results faster. The Importance of PowerfulWhile you absolutely don’t want to deal with unnecessary complexity, it’s crucial that you make sure you won’t outgrow your solution either. Going too small or cheap—without aligning to your future requirements—is a clear path to failure. Think about how embarrassing it might be to select a solution, only to have to replace it later? Instead, choose a vendor that is powerful enough to solve your real-world challenges now – and as you move up the maturity curve. Ideally, your solution will let you unleash the power when you need it, but that power doesn’t result in complexity that gets in the way when you just need to get something simple done and out the door.
  • Speaking of being successful…
  • Finally, we call the highest level revenue performance management. This is characterized by using marketing automation to transform their sales and marketing into a single revenue team that is aligned around continuous measurement and improvement to the revenue process, much like six-sigma was about continuous measurement and improvement to the manufacturing process. I believe Marketo is at this level in our own use of marketing automation, and personally I can attest to the benefits it brings… both to the company, but also to the marketer’s who help drive it, since it enhances their credibility and careers.
  • First, strategy and process.As Bill Gates famously said, “The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.”So, don’t just automate your old processes when you are introducing marketing automation into your organization. New technology requires new ways of doing things. When it comes to automating marketing, the most important thing to understand is that you “still have to think.”
  • Sales and Marketing AlignmentMarketing automation can drive the most results when a company uses it as an opportunity to realign its entire revenue engine around the modern customer’s new buying cycle. Some of the key questions are….Measurement and MetricsWith marketing automation, marketers can look beyond traditional metrics (clicks, opens, etc.) and starting measuring (and forecasting) what executives really care about: current and future pipeline, revenue, and profits. Make sure you think through how you will use the capability to take your measurement to the next level.Data QualityQuality data is an essential underpinning of any successful marketing automation implementation. You can get started with MA if you have data problems, but to achieve the significant levels of success we just talked abuot, you may find you need to invest in your data over time.Remember; thing big, start small, quick wins.
  • If marketing automation is the rocket, then content and lead flow are the fuel. ContentHaving enough content is often the most underestimated challenge for successful marketing automation. Simply put, content is a must-have for consistent lead generation and nurturing. Ideally, this is based on a solid understanding of your buyer personas, so that your content and messages resonate with your audience. Without this, even the most finely crafted marketing automation programs can fail to deliver results. Make sure you have a defined content calendar, andthat you have content for each stage of the buying process, by persona.If you don’t, then you’ll need to make progress in this area as you move up the maturity curve.Lead FlowSome companies, especially new and small businesses, don’t have enough leads. Marketing automation can help leads flow through the funnel more efficiently, and done right, it can nurture leads to make them sales-ready. But if you have nothing coming into the top of your funnel, you will have nothing to nurture. So,if you don’t have enough sales leads, put a plan in place to get more. Fortunately, marketing automation technology can be a key help in this area… Complete systems include functionality for lead generation, including: PAID online and offline events, pay-per-click, social media amplification, online direct response advertising, and tradeshows…. AND organic programs such as social and content marketing.I should take a moment to point out here that MA is NOT just for big, mature companies. At Marketo, we started using our product when the entire marketing department was just me and another person and we only had one or two whitepapers. The key to our success is that we started with what we had, and them we never stopped adding and evolving to our usage.`
  • Mechanic – tool super userData AnalystBusiness Strategist - leaderSmarketer – Sales Marketing AlignmentContent Specialist
  • With limited investment in these areas, you can usually get good (but not great) ROI from marketing automation. And as we saw in Part Five, the more you invest, the higher you move up the curve, and the better your return on investment. The key is to “think big, start small, and move quickly”. In other words, the best results usually come from getting started with what you have today, and then incrementally investing over time to move up the curve.
  • So there you have it: everything you ever wanted to know (and then some) about marketing automation. Whether your company’s annual revenue is $100 billion or $5 million—or even less— marketing automation is the technology that will propel your business into the new era of relationship-based marketing with quantifiable results.
  • So there you have it: everything you ever wanted to know (and then some) about marketing automation. Whether your company’s annual revenue is $100 billion or $5 million—or even less— marketing automation is the technology that will propel your business into the new era of relationship-based marketing with quantifiable results.