Marketing ROI is more important today then it ever has been. Did you know that Marketing is now a fundamental driver of IT purchasing, and that trend shows no signs of stopping –or even slowing down –any time soon? In fact, Gartner analyst Laura McLellan predicted that by 2017, CMOs will spend more on IT than their counterpart CIOs. The evidence is mounting on how smart B2B marketing executives are connecting to revenue, transforming marketing from a cost to a revenue center, and in the process, helping their organizations outgrow their competition. As we all well know, a marketer's job doesn't stop at lead generation. Have you ever wondered what marketing analytics are important to measure, what will the executive team look for? Will I have a strategy and plan to improve revenue when I’m asked? This session Kim Walsh will leave you with key insights on how to be part of the revenue conversations and justify your marketing ROI.
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
I'M A MARKETER, HOW CAN I JUSTIFY MARKETING ROI [INBOUND 2014]
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I’m a marketer, how can I justify marketing ROI?
Kim Walsh
Head of Enterprise Sales, HubSpot
2. Head of Enterprise Sales
4+ years @HubSpot
Originally from Alberta, Canada and I have sold 1,200 pairs of shoes on air with QVC in 8 minutes.
@kwalsh07
KimWalsh
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33%
of B2B marketers don’t even attempt to measure the financial impact of marketing!!
Source: http://blog.hubspot.com/insiders/marketing-analytics-vs-business-analytics
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We have to find a way to drive repeatable, predictableand scalable revenue.
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1
Understand the metrics of your marketing funnel.
2
Create accountability.
3
Establish achievable goals.
4
Map out your plan.
5
Forecast on return, not on investment.
Agenda
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How many quality leads does the sales team need to make quota?
What % revenue comes from marketing vs. sales-generated leads?
What is the average sales deal size?
What is the average lead to customer close %?
HubSpot’sSLA
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Develop your personas
•
Customized marketing SLA, sales effectiveness, and customer success metrics to persona
Marketing Mary
(100-2,000 employees)
Enterprise Erin
(2,000+ employees)
Owner Ollie Team
(1-100 employees)
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Persona based marketing SLAs
Lead Type
Lead Value
Webinar
$.35
eBook
$.45
FreeTrial
$2.10
Demo Request
$2.75
Marketing Mary Leads
(100-2,000 Employees)
Lead Type
Lead Value
Webinar
$.85
eBook
$1.00
FreeTrial
$4.25
Demo Request
$6.10
Enterprise Erin Leads
(2,000+ Employees)
* Data has been altered from actual HubSpot data for the purposes of this presentation
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Key take-a-ways
1.
Know your visitor metrics
2.
Know your cost per lead metrics
3.
Know your avg. cost per customer
4.
Marketing SLA’s are important and necessary
5.
Reporting will allow you to make real time adjustments