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Secrets Flat Out Stink - Let's Reveal Marketo's Secrets to Demand Generation
Secrets Flat Out Stink –
Let’s Reveal Marketo’s Secrets
to Demand Generation
Mike Madden
Secrets Flat Out Stink - Let's Reveal Marketo's Secrets to Demand Generation
Agenda
What is A/B
Testing?
1
Testing
Methodology
2
Marketo’s
Demand
Gen Secrets
3
Conclusion
4
Why A/B Testing is Critically Important
A/B testing increases
engagement with
your buyers
A/B testing enhances
campaign
effectiveness
A/B testing
makes you a
better
marketer
Marketo’s
A/B Testing
Methodology
1. Choose
one element
to test
2. Ask a
question / write
a hypothesis
3. Decide on the
sample group
4. Define what
success looks
like
5. Set up the
test
6. Analyze the
test results
7. Determine
the winner
8. Implement
the new
control
Use Statistical Significance Calculators!
A/B Testing
Email Send Time
What’s the best time of day to send
marketing emails?
The Time Test Set Up
Total Audience
All marketable
names, last
engagement date in
past 1 year,
marketing job titles
5am (Control)
10am
1pm
Details:
• Split total audience 3 ways
• Backed into numbers to see at least
1,000 opens per test (for sig.)
• Sent each email from a different
campaign to ensure exact timing on
the send
• Tested the time testing over 7
different email campaigns
• Over 200,000 emails sent
• Tested in early, mid, and late buying
stages
The Time Test Set Up
Email Sent Delivered % Delivered Opens % Opened Clicks CTR CTO Unsub. Unsub %
5am Control 70,128 68,791 98.1% 5983 8.7% 306 0.4% 5.1% 98 0.14%
10am 68,034 66,763 98.1% 6227 9.3% 342 0.5% 5.5% 112 0.17%
1pm 68,067 66,754 98.1% 6642 9.9% 356 0.5% 5.4% 102 0.15%
20% higher
click
through
rates
5% higher
click to
open rates
14% higher
open rates
1PM IS THE WINNER
Your Website
Using Triggers to Drive Revenue
Why use triggers? Because they drive 3x
more engagement than batch/nurture
emails
Secrets Flat Out Stink - Let's Reveal Marketo's Secrets to Demand Generation
Secrets Flat Out Stink - Let's Reveal Marketo's Secrets to Demand Generation
Secrets Flat Out Stink - Let's Reveal Marketo's Secrets to Demand Generation
Secrets Flat Out Stink - Let's Reveal Marketo's Secrets to Demand Generation
Secrets Flat Out Stink - Let's Reveal Marketo's Secrets to Demand Generation
Secrets Flat Out Stink - Let's Reveal Marketo's Secrets to Demand Generation
Ex: Email Product Page Campaign Flow
Wait 4
Minutes
If a known
subscriber
visits the
Email
Product
Page…
Organic Behavior Segmentation Action – Send Email
And that subscriber is:
• Marketable
• Target Status (Target)
• Not was sent any
email in past 30
minutes
• Meets vertical specific
criteria
Ex: Email Product Page Campaign Flow
Trigger Results vs. Standard Batch / Nurture Emails
7,675% more
efficient at
generating an
opportunity
261%
higher open
rates
157%
higher click
to open
rates 833%
higher click
through
rates
Content Strategy
Who Likes What, When and Why
Our MQL Model
𝑀𝑄𝐿 = 𝑇𝑎𝑟𝑔𝑒𝑡 𝑆𝑡𝑎𝑡𝑢𝑠 (𝑇𝑎𝑟𝑔𝑒𝑡) + 𝐵𝑒ℎ𝑎𝑣𝑖𝑜𝑟 𝑆𝑐𝑜𝑟𝑒 (> 19) + 𝐴𝑐𝑐𝑜𝑢𝑛𝑡 𝑆𝑐𝑜𝑟𝑒 (> 29)
• Right Job Title
• First/Last Name
• Valid Email/Phone
• Company Name
• Email Clicks
• Form Completions
• Visited Booth
• Attended Webinar
• Attended Demo
• Downloaded Analyst
Report
• Scoring decay to
capture inactivity
Predictive Account
Score powered by
Leadspace
Looks at:
• Annual Revenue
• Employee Size
• Industry
• Location
• Technologies Used
• Other signals like
hiring trends, funding
levels, social media
activity, etc.
Job Title/Function
Demo
Score
Marketing/Ops -
Practitioner
30
Marketing/Ops -
Manager
38
Marketing/Ops –
Dir/VP
45
Marketing CMO 50
We Have 3 Types of Buyers
Behavior
Score = 0
Early
Stage
Behavior
Score 1-29
Mid
Stage
Behavior
Score > 29
Late
Stage
Buyers Plotted Out by Behavior Score
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
Early Stage Mid Stage Late Stage
Total Audience
Who registers for our webinars? Who
attends them?
An Early Stage Webinar
After the 1st Invite, Here’s Who Registered…
5
185
1037
0
200
400
600
800
1,000
1,200
Early Stage Mid Stage Late Stage
Total Audience
Another Early Stage Webinar
And Yet We See It Again!
155
687
2716
0
500
1,000
1,500
2,000
2,500
3,000
Early Stage Mid Stage Late Stage
Total Registered Leads
Total Audience
Here’s the 8 Biggest Mistakes Attendee List
23
184
889
0
100
200
300
400
500
600
700
800
900
1,000
Early Stage Mid Stage Late Stage
Total Attended Leads
Total Audience
8 Biggest Mistakes Attendance Rates
15%
27%
33%
0%
5%
10%
15%
20%
25%
30%
35%
40%
Early Stage Mid Stage Late Stage
Attendance Rates
Let’s go back to first email invite for the
3 Hacks to Boost Open Rates webinar…
Mid/Late Was Better Than Early Stage
131% higher
open rates
1,320%
higher click
through
rates
984% higher
click to open
rates
47% lower
unsubscribe
rates
8,965%
higher
landing page
conversion
rates!
Final 3 Hacks Webinar Breakdown
207
726
1745
53
253
544
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Early Stage Mid Stage Late Stage
Registered vs. Attended by Stage
Registered
Attended
26%
attendance
35%
attendance
31%
attendance
What We Learned
 Content is all about investment
 Give people what they want, when they want it
Operations
How to Use Triggers to Boost Email Deliverability
Continuously Bouncing Emails Are REAL
Sender Reputation
Sender
Reputation
Unique
Clicks
Open Rate
Positive
Engagements
Spam
Complaints
& Spam Trap
Hits
Hard
Bounces
Blacklists
Negative
Engagements
Soft Bounce Management Campaigns
Soft Bounce: A soft bounce is a temporary problem with email
deliverability, usually due to an unavailable server or a full inbox.
We created two campaigns:
 Batch clean up: For any email that has soft bounced a minimum number of
10 times in the past 90 days, mark it as invalid.
 Trigger clean up: For any email that soft bounces a minimum number of 6
times in the past 30 days, mark it as invalid.
Bounce Type Audit
Bounce Category Management
We built campaigns to clean up specific soft bounce categories that
could be detrimental to our sender reputation in the future.
We created two more campaigns:
 Batch clean up: Scrub all existing emails that have poor soft bounce
categories (3, 4, and 9)
 Trigger clean up: Clean up poor soft bounce categories in real time
Deliverability vs. Open Rates
10%
11%
12%
13%
14%
15%
16%
17%
90%
91%
92%
93%
94%
95%
96%
97%
98%
99%
100%
Jan 2016 – Sep 2016
% Delivered
% Opened
Deliverability vs. Open Rates
10%
11%
12%
13%
14%
15%
16%
17%
18%
90%
91%
92%
93%
94%
95%
96%
97%
98%
99%
100%
Jan 2016 – Jun 2017
% Delivered
% Opened
Bounce
Mgmt.
What We Learned
 There is a direct correlation between deliverability rates and open
rates
 Deliverability rates went from 93% -> 99%, which boosted open
rates from 13.5% -> 17.3%!
 Something as simple as email deliverability can be an ENORMOUS
revenue driver!
Secrets Flat Out Stink - Let's Reveal Marketo's Secrets to Demand Generation

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Secrets Flat Out Stink - Let's Reveal Marketo's Secrets to Demand Generation

  • 2. Secrets Flat Out Stink – Let’s Reveal Marketo’s Secrets to Demand Generation Mike Madden
  • 5. Why A/B Testing is Critically Important A/B testing increases engagement with your buyers A/B testing enhances campaign effectiveness A/B testing makes you a better marketer
  • 6. Marketo’s A/B Testing Methodology 1. Choose one element to test 2. Ask a question / write a hypothesis 3. Decide on the sample group 4. Define what success looks like 5. Set up the test 6. Analyze the test results 7. Determine the winner 8. Implement the new control
  • 9. What’s the best time of day to send marketing emails?
  • 10. The Time Test Set Up Total Audience All marketable names, last engagement date in past 1 year, marketing job titles 5am (Control) 10am 1pm Details: • Split total audience 3 ways • Backed into numbers to see at least 1,000 opens per test (for sig.) • Sent each email from a different campaign to ensure exact timing on the send • Tested the time testing over 7 different email campaigns • Over 200,000 emails sent • Tested in early, mid, and late buying stages
  • 11. The Time Test Set Up Email Sent Delivered % Delivered Opens % Opened Clicks CTR CTO Unsub. Unsub % 5am Control 70,128 68,791 98.1% 5983 8.7% 306 0.4% 5.1% 98 0.14% 10am 68,034 66,763 98.1% 6227 9.3% 342 0.5% 5.5% 112 0.17% 1pm 68,067 66,754 98.1% 6642 9.9% 356 0.5% 5.4% 102 0.15% 20% higher click through rates 5% higher click to open rates 14% higher open rates 1PM IS THE WINNER
  • 12. Your Website Using Triggers to Drive Revenue
  • 13. Why use triggers? Because they drive 3x more engagement than batch/nurture emails
  • 20. Ex: Email Product Page Campaign Flow Wait 4 Minutes If a known subscriber visits the Email Product Page… Organic Behavior Segmentation Action – Send Email And that subscriber is: • Marketable • Target Status (Target) • Not was sent any email in past 30 minutes • Meets vertical specific criteria
  • 21. Ex: Email Product Page Campaign Flow
  • 22. Trigger Results vs. Standard Batch / Nurture Emails 7,675% more efficient at generating an opportunity 261% higher open rates 157% higher click to open rates 833% higher click through rates
  • 23. Content Strategy Who Likes What, When and Why
  • 24. Our MQL Model 𝑀𝑄𝐿 = 𝑇𝑎𝑟𝑔𝑒𝑡 𝑆𝑡𝑎𝑡𝑢𝑠 (𝑇𝑎𝑟𝑔𝑒𝑡) + 𝐵𝑒ℎ𝑎𝑣𝑖𝑜𝑟 𝑆𝑐𝑜𝑟𝑒 (> 19) + 𝐴𝑐𝑐𝑜𝑢𝑛𝑡 𝑆𝑐𝑜𝑟𝑒 (> 29) • Right Job Title • First/Last Name • Valid Email/Phone • Company Name • Email Clicks • Form Completions • Visited Booth • Attended Webinar • Attended Demo • Downloaded Analyst Report • Scoring decay to capture inactivity Predictive Account Score powered by Leadspace Looks at: • Annual Revenue • Employee Size • Industry • Location • Technologies Used • Other signals like hiring trends, funding levels, social media activity, etc. Job Title/Function Demo Score Marketing/Ops - Practitioner 30 Marketing/Ops - Manager 38 Marketing/Ops – Dir/VP 45 Marketing CMO 50
  • 25. We Have 3 Types of Buyers Behavior Score = 0 Early Stage Behavior Score 1-29 Mid Stage Behavior Score > 29 Late Stage
  • 26. Buyers Plotted Out by Behavior Score 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 Early Stage Mid Stage Late Stage Total Audience
  • 27. Who registers for our webinars? Who attends them?
  • 28. An Early Stage Webinar
  • 29. After the 1st Invite, Here’s Who Registered… 5 185 1037 0 200 400 600 800 1,000 1,200 Early Stage Mid Stage Late Stage Total Audience
  • 31. And Yet We See It Again! 155 687 2716 0 500 1,000 1,500 2,000 2,500 3,000 Early Stage Mid Stage Late Stage Total Registered Leads Total Audience
  • 32. Here’s the 8 Biggest Mistakes Attendee List 23 184 889 0 100 200 300 400 500 600 700 800 900 1,000 Early Stage Mid Stage Late Stage Total Attended Leads Total Audience
  • 33. 8 Biggest Mistakes Attendance Rates 15% 27% 33% 0% 5% 10% 15% 20% 25% 30% 35% 40% Early Stage Mid Stage Late Stage Attendance Rates
  • 34. Let’s go back to first email invite for the 3 Hacks to Boost Open Rates webinar…
  • 35. Mid/Late Was Better Than Early Stage 131% higher open rates 1,320% higher click through rates 984% higher click to open rates 47% lower unsubscribe rates 8,965% higher landing page conversion rates!
  • 36. Final 3 Hacks Webinar Breakdown 207 726 1745 53 253 544 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Early Stage Mid Stage Late Stage Registered vs. Attended by Stage Registered Attended 26% attendance 35% attendance 31% attendance
  • 37. What We Learned  Content is all about investment  Give people what they want, when they want it
  • 38. Operations How to Use Triggers to Boost Email Deliverability
  • 41. Soft Bounce Management Campaigns Soft Bounce: A soft bounce is a temporary problem with email deliverability, usually due to an unavailable server or a full inbox. We created two campaigns:  Batch clean up: For any email that has soft bounced a minimum number of 10 times in the past 90 days, mark it as invalid.  Trigger clean up: For any email that soft bounces a minimum number of 6 times in the past 30 days, mark it as invalid.
  • 43. Bounce Category Management We built campaigns to clean up specific soft bounce categories that could be detrimental to our sender reputation in the future. We created two more campaigns:  Batch clean up: Scrub all existing emails that have poor soft bounce categories (3, 4, and 9)  Trigger clean up: Clean up poor soft bounce categories in real time
  • 44. Deliverability vs. Open Rates 10% 11% 12% 13% 14% 15% 16% 17% 90% 91% 92% 93% 94% 95% 96% 97% 98% 99% 100% Jan 2016 – Sep 2016 % Delivered % Opened
  • 45. Deliverability vs. Open Rates 10% 11% 12% 13% 14% 15% 16% 17% 18% 90% 91% 92% 93% 94% 95% 96% 97% 98% 99% 100% Jan 2016 – Jun 2017 % Delivered % Opened Bounce Mgmt.
  • 46. What We Learned  There is a direct correlation between deliverability rates and open rates  Deliverability rates went from 93% -> 99%, which boosted open rates from 13.5% -> 17.3%!  Something as simple as email deliverability can be an ENORMOUS revenue driver!