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00
The Revenue Imperative.
Meet The Revenue Driven
Marketer
1
ThereisagrowingbuzzaboutRevenueMarketingThispresentationincludesacompilation
of recentresearchresultsfromover1000B2Bcomp...
2
1. TheRevenueImperative –MeetTheRevenueDrivenMarketer- TheBig Picture
onRevenueMarketing-HowtoSetYourMarketingRevenueStr...
33
Why Become a
Revenue Driven
Marketer?
4
THE BIG
PICTURE
The Revenue Imperative
Roughly 50% of all B2B marketers
currently have direct revenue
accountability as ...
5
THE BIG
PICTURE
The Big Picture
B2B marketers are reaching prospects
earlier in their life cycle, remaining the
primary ...
6
THE BIG
PICTURE
The Big Picture
You manage what you measure. B2B
marketers are experiencing one of the
most rapid change...
7
THE BIG
PICTURE
The Big Picture
• Marketers are under pressure to producemore
and more contentand activities with a grow...
8
THE BIG
PICTURE
The Big Picture
• Marketers must measure
programs in more channels
across multiple device types
• Big Da...
9
THE BIG
PICTURE
The Big Picture
MOVING FROM COST CENTER TO
REVENUE CENTER
Redefining marketing's role within
your organi...
10
New SLA’s
Between Marketing,
Sales, Finance and IT
The Revenue Imperative
It’s time to redefine your
relationship with ...
11
THE BIG
PICTURE
The Big Picture
New Revenue Oriented roles
emerging. Solidify your role,
create a new title…
• Chief Re...
12
MAPPINGTHECUSTOMERJOURNEY
Only 12% of
Marketers
feel they are
sophisticated
in their
alignment &
measurement
of Content...
13
MarketersAreDrivingActivitiesButWhereistheRevenueImpact?
14
LimitedTrackingOfRevenueImpactBeyondTheClick
15
SalesEnablement
But not tracking
to revenue
16
Agency’sPlayingAGrowingPart
17
IncreasingMeasurementofQuantitativeMetrics
1818
Developing Your
Revenue Marketing
Success Framework
19
The Revenue
Marketing
Success
Framework
The Big Picture
1. DefineYour Revenue Strategy
2. BuildAlignment Withthe C-suit...
2020
Developing Your
Revenue Marketing
Strategy
21
Executive/
C-Level Support Is
Critical!
The Revenue Imperative
Execs need to buy into the
marketers transformation in
o...
22
Define Your
Revenue
Strategy
Revenue Strategy Development
Strategy &Accountability
What are you ready willing and able
...
23
The Revenue
Marketing
Alignment
Imperative
The Revenue Imperative
Setting your Revenue
Marketing strategy into
operatio...
24
Define Your
Revenue
Strategy
Revenue Strategy Development
Strategy &Accountability
• Engage key stakeholders from
acros...
2525
Develop Alignment
across the
Enterprise
26
OneUnifiedRevenueModel
The strongest
unifying
message in any
for profit
company is
REVENUE!
27
Define an
Ownership,
Expectations
&
Accountability
Model
Revenue Strategy Development
Strategy &Accountability
Marketin...
2828
Define Your
Organizations
Revenue Marketing
Skills
29
Define the
Marketing
Skills
Required
Revenue Strategy Development
Strategy &Accountability
Conduct an audit of your mar...
30
AligningMarketingWiththeBuyer’sJourney
31
THE
CUSTOMER
IS STILL
KING!
Building Your Revenue Marketing Team
FORRESTER RESEARCH – 4 PHASES OF CUSTOMER
JOURNEY
32
MAPYOURSPECIFICCUSTOMERJOURNEY
33
CUSTOMER JOURNEY MAP EXAMPLE
Forrester Research
3434
Develop Your
Revenue Marketing
Roadmap
35
Build Your
Revenue
Marketing
Roadmap
The Revenue Imperative
New Metrics for a new model
Aligning The Company Around One...
36
The Revenue Imperative
The Road To Revenue
Rick McPartinfrom the CMO ChallengeBlog put
together a nice visual on how Ma...
37
The Revenue Imperative
The Road To Revenue
7FACTSABOUTREVENUEROADMAPS
1. Thereisarevenueroadmapforeverycompletedsalestr...
3838
Building Your
Revenue Engine
Platform
39
Embrace
Marketing
Technologies
TheRiseoftheMarketingTechnologist
The new role of
“Marketing Technologist”
is quickly ta...
40
Building Your
Marketing
Revenue
Engine
The Revenue Engine Elements
Key MarketingRevenue Engine Components include a
hol...
41
SitecoreCustomerExperienceMaturityModelExample
CRM >>>> CMS >>> MARKETING AUTOMATION >>> DATA
4242
Does Your
Organization Have a
Revenue Metrics
Mindset?
43
Develop a
Revenue Results
Measurement
Mindset
The Revenue Imperative
Activity Based Metrics such as
Impressions, opens ...
44
Develop a
Revenue results
Measurement
Mindset
The Revenue Imperative
Business & revenue impact vs.
activity & actions!
...
45
Define Your
Success
& Metrics
Revenue Strategy Development
Define your Success KPI’s
Determine what your success
metric...
46
Define A
Common
Revenue
Language
Revenue Strategy Development
The Revenue Language
Thefunnelusesconversionnumbersbetwee...
47
Measure
What
Matters
The Revenue Imperative
Key Revenue Metrics:
• Leads produced
• Close rates
• Revenue per new custo...
48
DEFINE WHATA
LEAD IS USING
BANT OR
OTHER
CRITERIA
Revenue Strategy Development
Define a Common Definition of a Lead
Sir...
49
DEFINE YOUR
LEAD FLOW
& A UNIFIED
TERMINOLOGY
Revenue Strategy Development
Define a Common Definition of a Lead
50
DEFINEYOUR
BUSINESS
FUNCTIONS
AND PROCESS
Revenue Strategy Development
Define a Common Definition of a Lead
CENTRALIZED...
51
Tightly align With Sales andIT
& build your process and
Service LevelAgreement with
eachother
Revenue Strategy Align Fo...
52
Define Your
Revenue
Strategy into
achievable steps
With clear
ownership &
accountability
Revenue Strategy Development
D...
53
Connectwithus
1-877-339-6264
www.edynamic.net
contact@edynamic.net
twitter.com/edynamic
youtube.com/1999dynamic
faceboo...
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The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 1 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 2 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 3 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 4 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 5 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 6 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 7 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 8 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 9 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 10 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 11 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 12 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 13 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 14 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 15 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 16 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 17 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 18 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 19 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 20 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 21 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 22 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 23 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 24 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 25 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 26 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 27 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 28 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 29 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 30 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 31 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 32 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 33 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 34 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 35 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 36 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 37 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 38 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 39 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 40 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 41 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 42 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 43 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 44 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 45 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 46 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 47 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 48 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 49 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 50 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 51 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 52 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 53 The Revenue Imperative – Meet The New Revenue-Driven Marketer Slide 54
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The Revenue Imperative – Meet The New Revenue-Driven Marketer

Learn how revenue-focused marketing can create measurable revenue performance and drive new customers to your business.

The Revenue Imperative – Meet The New Revenue-Driven Marketer

  1. 1. 00 The Revenue Imperative. Meet The Revenue Driven Marketer
  2. 2. 1 ThereisagrowingbuzzaboutRevenueMarketingThispresentationincludesacompilation of recentresearchresultsfromover1000B2Bcompaniesacrossarangeofindustries conductedbyarangeofcompaniesincludingthefollowingcompanies: Raab Associates RevenueDrivenMarketingResearch-Lot’sofBuzzaboutRevenueMarketing
  3. 3. 2 1. TheRevenueImperative –MeetTheRevenueDrivenMarketer- TheBig Picture onRevenueMarketing-HowtoSetYourMarketingRevenueStrategy&Roadmap— Keytrends,culture&operating shifts andopportunities 2. TheRevenueMarketing MeasurementFramework- Measuringrevenue drivers andKPI’sthat demonstrateyourmarketingrevenuePerformanceimpact.New SLA’swithSales 3. The RevenueMarketing EnginePlatform–Thepeople,processandtechnologies neededtobuildyour"RevenueEngine" framework 4. TheAutomatedMarketingRevenueEngine- ThepowerofleveragingMarketing Automation asakeycomponentto yourMarketingRevenueEngine TheRevenueDrivenMarketer Series
  4. 4. 33 Why Become a Revenue Driven Marketer?
  5. 5. 4 THE BIG PICTURE The Revenue Imperative Roughly 50% of all B2B marketers currently have direct revenue accountability as part of their job and that number is growing quickly. Transformation of the Marketing role
  6. 6. 5 THE BIG PICTURE The Big Picture B2B marketers are reaching prospects earlier in their life cycle, remaining the primary company contact deeper into the buying process, and staying involved even after the prospect has engaged with Sales. The Revenue Imperative
  7. 7. 6 THE BIG PICTURE The Big Picture You manage what you measure. B2B marketers are experiencing one of the most rapid changes in the history of business. The Revenue Imperative
  8. 8. 7 THE BIG PICTURE The Big Picture • Marketers are under pressure to producemore and more contentand activities with a growing pressure to drive revenue. • Marketing transformationis under way, driving marketers to create demand and engagement that crosses over into the pre-sales and post Sales cycles. • New Marketingrevenue performancecalls for new metrics to demonstratebusiness and revenue impact to the C-Suite. The Revenue Imperative
  9. 9. 8 THE BIG PICTURE The Big Picture • Marketers must measure programs in more channels across multiple device types • Big Data causing a flood of data that marketers need to transform into actionable insights • Revenue Metricsare trumping activity metrics • Marketing Technologies are a critical component to success Measure What Matters
  10. 10. 9 THE BIG PICTURE The Big Picture MOVING FROM COST CENTER TO REVENUE CENTER Redefining marketing's role within your organization from an activities- based cost center to a sales -based revenue center. If you want to secure your position and your influence/power within your organization tie yourself to revenue. Measure What Matters
  11. 11. 10 New SLA’s Between Marketing, Sales, Finance and IT The Revenue Imperative It’s time to redefine your relationship with Sales , , Transformation of the Marketing role THE BIG PICTURE
  12. 12. 11 THE BIG PICTURE The Big Picture New Revenue Oriented roles emerging. Solidify your role, create a new title… • Chief Revenue Officer • VP Revenue Marketing • Director of Revenue Center of Excellence New Roles Emerging
  13. 13. 12 MAPPINGTHECUSTOMERJOURNEY Only 12% of Marketers feel they are sophisticated in their alignment & measurement of Content to Results
  14. 14. 13 MarketersAreDrivingActivitiesButWhereistheRevenueImpact?
  15. 15. 14 LimitedTrackingOfRevenueImpactBeyondTheClick
  16. 16. 15 SalesEnablement But not tracking to revenue
  17. 17. 16 Agency’sPlayingAGrowingPart
  18. 18. 17 IncreasingMeasurementofQuantitativeMetrics
  19. 19. 1818 Developing Your Revenue Marketing Success Framework
  20. 20. 19 The Revenue Marketing Success Framework The Big Picture 1. DefineYour Revenue Strategy 2. BuildAlignment Withthe C-suite, Sales, Finance & IT 3. Define The Marketingskills required 4. Conducta Revenue Readiness Audit to determine your gaps 5. Determine where to fill gaps (hire, train or outsource to an agency) 6. Build your revenue marketing roadmap 7. Build your revenue marketing Platform 8. Measure your revenue results Your Revenue Driven Marketing Framework
  21. 21. 2020 Developing Your Revenue Marketing Strategy
  22. 22. 21 Executive/ C-Level Support Is Critical! The Revenue Imperative Execs need to buy into the marketers transformation in order for it be a long term success! Start at the top! Transformation of the Marketing Role
  23. 23. 22 Define Your Revenue Strategy Revenue Strategy Development Strategy &Accountability What are you ready willing and able to do now? What is your vision of the future? What will you need to do to get there? Who and what will need to change ? Who will be accountable?
  24. 24. 23 The Revenue Marketing Alignment Imperative The Revenue Imperative Setting your Revenue Marketing strategy into operations takes a tight alignment of your Marketing, Sales, Finance & Delivery resources. Transformation of the Marketing role
  25. 25. 24 Define Your Revenue Strategy Revenue Strategy Development Strategy &Accountability • Engage key stakeholders from across the organization to get their buy-in • Develop excitement and get commitments • Define joint goals, objectives and a unified strategy • Become the Marketing Revenue Champion within your organization
  26. 26. 2525 Develop Alignment across the Enterprise
  27. 27. 26 OneUnifiedRevenueModel The strongest unifying message in any for profit company is REVENUE!
  28. 28. 27 Define an Ownership, Expectations & Accountability Model Revenue Strategy Development Strategy &Accountability Marketing Sales IT Finance Delivery Revenue
  29. 29. 2828 Define Your Organizations Revenue Marketing Skills
  30. 30. 29 Define the Marketing Skills Required Revenue Strategy Development Strategy &Accountability Conduct an audit of your marketing, sales, finance delivery and IT department and determine your current state of readiness to become a revenue driven marketing organization. Revenue Marketing Audit & GAP Analysis
  31. 31. 30 AligningMarketingWiththeBuyer’sJourney
  32. 32. 31 THE CUSTOMER IS STILL KING! Building Your Revenue Marketing Team FORRESTER RESEARCH – 4 PHASES OF CUSTOMER JOURNEY
  33. 33. 32 MAPYOURSPECIFICCUSTOMERJOURNEY
  34. 34. 33 CUSTOMER JOURNEY MAP EXAMPLE Forrester Research
  35. 35. 3434 Develop Your Revenue Marketing Roadmap
  36. 36. 35 Build Your Revenue Marketing Roadmap The Revenue Imperative New Metrics for a new model Aligning The Company Around One Unified Revenue Map
  37. 37. 36 The Revenue Imperative The Road To Revenue Rick McPartinfrom the CMO ChallengeBlog put together a nice visual on how Marketing, Salesand Delivery align aroundthe revenue roadmap. • Marketing – Gold Boxes • Sales Blue Boxes • Delivery – Red Boxes -
  38. 38. 37 The Revenue Imperative The Road To Revenue 7FACTSABOUTREVENUEROADMAPS 1. Thereisarevenueroadmapforeverycompletedsalestransaction. 2. Ifthecompanydoesn’tcreatetheroadmap,salespeoplewillhavetocreateanewonefor everyprospect. 3. Withcustomroadmaps,thesalesteamendsupdoingalotofworkintheGOLD,BLUE ANDREDareaswhentheirexpertiseisinBLUE.Thisisveryexpensive,veryriskyand onlyworksasmallpercentageofthetime.Worstofall,itmakesourcompanylook harried,disorganizedandunprofessional. 4. Thesalesteam’sroadmapwilldeliverwhateverkindofbuyeritcangettocompletethe trip,andthatbuyerisseldomthecompany’sidealbuyerorevenaprofitableone.Just becausetheyshowedupatthebeginningoftheroaddoesn’tmeanthey’retherightones totravelit. 5. Customroadmapsdon’tleadtoahighlevelofreferralorrepeatbusiness. 6. Consistent,profitablerevenuegenerationhappenswhentheentireorganizationcreates, understands,andsupportsthesameroadmap. 7. Productsandservicesdon’tsellthemselves! -Source RickMcPartin
  39. 39. 3838 Building Your Revenue Engine Platform
  40. 40. 39 Embrace Marketing Technologies TheRiseoftheMarketingTechnologist The new role of “Marketing Technologist” is quickly taking center stage with the Revenue Marketer
  41. 41. 40 Building Your Marketing Revenue Engine The Revenue Engine Elements Key MarketingRevenue Engine Components include a holistic integration of the following; How PreparedAre You ?
  42. 42. 41 SitecoreCustomerExperienceMaturityModelExample CRM >>>> CMS >>> MARKETING AUTOMATION >>> DATA
  43. 43. 4242 Does Your Organization Have a Revenue Metrics Mindset?
  44. 44. 43 Develop a Revenue Results Measurement Mindset The Revenue Imperative Activity Based Metrics such as Impressions, opens and click through rates will not go away but an entirely new set of metrics based on sales, revenue and financial metricsare now added to the marketers performance tracking. New Metrics for a new model Activity vs. Revenue Measurement
  45. 45. 44 Develop a Revenue results Measurement Mindset The Revenue Imperative Business & revenue impact vs. activity & actions! New Vocabulary of impact on: • Pipeline • Opportunities • Revenue Generation Measuring What Matters
  46. 46. 45 Define Your Success & Metrics Revenue Strategy Development Define your Success KPI’s Determine what your success metrics will be for each department and each role within the revenue driven marketing roadmap Reach agreement across the organization on success KPI’s • MQL’s • SAL’s • SQL’s • Sales Revenue
  47. 47. 46 Define A Common Revenue Language Revenue Strategy Development The Revenue Language Thefunnelusesconversionnumbersbetweenleadstagestohelpdeterminehowmuchyoumustputin thetopofthefunneltomeetacertaingoalatthebottomor,itcandotheopposite–trackhowmuchyou willgetoutofthebottomifyouputacertainvolumeinatthetop. Eitherway,thereisalottobelearned fromtrackinghowtheseleadsconvertfromonestagetothenext.Definethestagesforyourselfusingthe guidelinesbelow: MarketingQualifiedLead(MQL).Acontactwhohasengagedwithyourmarketingeffortsenoughtomeetyour company’sdefinitionasreadytobepassedfrommarketingtosales SalesAcceptedLead(SAL).AnMQLthathasbeendeterminedbyamemberofthesalesteam(likelyaninside salesrep)tobeacceptedandworthexplorationbyasalesperson.Companiesusedifferentmethodstodetermine anSAL;theBANTmethodisapopularone. SalesQualifiedLead(SQL).Aleadthathasbeenexploredbyasalespersonanddeterminedtobequalifiedfor theirpursuit. Thisisoftenconsideredtobethebeginningofthesalesprocess. Makesurethatyousetupawaytotracktheseconversionswithinyourmarketingandsalesautomationtoolsothatit isappliedconsistentlyandhasatime/datestamptocaptureeachconversion.You’llbeabletouseyourown conversionnumberswithinthefunneltopredictoutcomesofyourmarketingprograms. Andyou’llbestunnedathow usefultheinformationis!
  48. 48. 47 Measure What Matters The Revenue Imperative Key Revenue Metrics: • Leads produced • Close rates • Revenue per new customer • Time to close • Cost per close • Customer Lifetime Value Transformation of the Marketing role These metrics provide marketers a clear picture of the value they’re producing and the factors contributing to their results. Putting them in context by adding trends shows whether performance is improving and what is driving any changes. -
  49. 49. 48 DEFINE WHATA LEAD IS USING BANT OR OTHER CRITERIA Revenue Strategy Development Define a Common Definition of a Lead SiriusDecisionsLeadSpectrumandBANTcriteria orsomethingsimilarcanbeusestoensurequalified opportunitiesaregeneratedforsalespeople. Belowarethe5suggestedqualificationcriteriatouseto confirmthataleadisaLEAD: BANT–(Budget, Authority,NeedandpurchaseTimeframe) Criteria1-Inquiryfromanindividualfromamarketingcampaignortradeshow,orsomeonewhohastaken proactivestepstodemonstrateinterestinyourmessage,productorservice. Criteria2-Ameaningfulinteraction(viaphoneoremail)withtheindividualconfirmingthatthecompany meetsqualifyingcriteriaasabonfidetargetprospect. Criteria3-TheindividualidentifiesaspecificNEEDforyourproductorservice.(Application) Criteria4-Theindividualisintheprocessofdefiningpurchaserequirementsforyourproductor service.(Budget&Timeframe) Criteria5-TheindividualhasconfirmedtheyhavetheAuthority,BudgetandadefinedTimeframefor purchase.
  50. 50. 49 DEFINE YOUR LEAD FLOW & A UNIFIED TERMINOLOGY Revenue Strategy Development Define a Common Definition of a Lead
  51. 51. 50 DEFINEYOUR BUSINESS FUNCTIONS AND PROCESS Revenue Strategy Development Define a Common Definition of a Lead CENTRALIZED DATA CAPTURE (Single View of Customer)
  52. 52. 51 Tightly align With Sales andIT & build your process and Service LevelAgreement with eachother Revenue Strategy Align For Success AlignmentAcross The Organization Source: industrialmarketingtoday.com Marketing Sales IT Infrastructure Systems (Web/CMS/CRM) Integration Reporting
  53. 53. 52 Define Your Revenue Strategy into achievable steps With clear ownership & accountability Revenue Strategy Development Define Your Revenue Marketing Funnel
  54. 54. 53 Connectwithus 1-877-339-6264 www.edynamic.net contact@edynamic.net twitter.com/edynamic youtube.com/1999dynamic facebook.com/edynamic.net
  • wraisch

    May. 12, 2017
  • JessicaDasilva7

    Mar. 2, 2015
  • rahulkhosla2

    Aug. 24, 2014

Learn how revenue-focused marketing can create measurable revenue performance and drive new customers to your business.

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