Download - Modern Marketing Automation Overview

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Page 1: Modern Marketing Automation Overview

MARKETING AUTOMATION MODERN MARKETING

APPLICATIONS

Page 2: Modern Marketing Automation Overview

WHAT IS MARKETING AUTOMATION?“Marketing automation focuses on the lead acquisition and demand generation activities within a marketing group, as opposed to the sales activities, where CRM systems as a whole tend to focus. Simply put, these tools automate marketing processes — everything from strategic planning and campaign design to customer segmentation, lead generation, nurture campaigns, prospect scoring, and closed loop analytics”

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WHY USE MARKETING AUTOMATION? Many B2B and recently some B2C companies, have large databases of prospective customers they need to manage•Marketers often wear many hats, it’s impossible to look at each individual lead•Automation allows marketers to set rules for what happens to each lead that enters the database

Marketers want insight into the overall big picture, the demand funnel•What campaigns are performing well, where am I seeing a positive ROI?•Am I meeting my demand generation goals?• Lead volumes• Sales conversions• Budget

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EXAMPLES OF AUTOMATION TOOLSA few popular platforms..•Marketo•Silverpop•Eloqua•HubSpot•Pardot

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A FEW THINGS TO CONSIDER Cost of initial investment• Often increases as the size of your database expands

Switching costs• Integrating a marketing automation system with your existing CRM and marketing is no easy task• Can takes months of work with many stakeholders including sales, operations, engineering, IT and the

marketing teams

Data integrity• Do you trust the data your company has already collected? What about now?• When you automate tasks, there is always a chance for disaster. You need to be sure of what you are

doing, the outcomes and how it is going to affect your prospect and customer databases

Reporting• Everyone will want to know what you are doing, the net effect of your results and how much it costs!

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LEAD MANAGEMENT Lead Scoring – behavioral and demographic fit for your organization•Can assign point values based on desired attributes•Can be different for different product or sales groups•Assign a threshold value that makes logical sense, and then adjust based on feedback

Lead Lifecycle – understanding the typical progression of a lead, conversion times, recycled leads, bad fit, nurture You need to be able to quickly investigate a history of any given lead at a moments notice, being able to understand the progression of a lead, and how your company has interacted with them in the past, can help create trust and a strong foundation with your prospective customers

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SALES LEAD IDENTIFICATION What defines a good “sales lead”? What types of things are important for the sales and marketing teams to collaborate on?

What does a sales driven organizational model look like? Marketing driven?

What are the common goals of your sales and marketing organization?

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SERVICE LEVEL AGREEMENTS (SLA) One of the most important, if not most important aspects of being a successful demand gen marketer• Explicit level of service you and your team agree to supply qualified lead to sales team• Demographic factors• Company Size• Industry Verticals• Job Level• Job Role• Behavioral factors• Content Downloads• Contact Request

• Lead Routing based on sales organization hierarchy

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HOW ARE WE MEASURED? Modern marketers are ultimately responsible for their contribution to the their organization’s top line revenue (bookings)•We look at what happens at the top of the demand funnel through pass over to sales, qualification, opportunities and ultimately bookings• Inquiries, AQL, TAL, TQL(MQL), SAL, SQL• Number of opportunities, new logos

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LEAD NURTURE Leads are expensive! Cost per lead (CPL) can range anywhere from a few dollars to over $100 just for one lead!•Hopefully, when you pay for a lead, they will be the right fit and ready to purchase• This isn’t always the case, automation allows for strategic email nurturing to move leads through your marketing funnel•Can be based on different behaviors, or desire actions and outcomes•Often content-centric, awareness and consideration assets

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FUTURE OF MARKETING, TODAY? Modern marketers are for the first time being measure on what effect they have on top-line revenue at organizations. The days of marketing being an art and less of a science are fading away

Being able to know what your demand pipeline looks like, and how you can improve conversions, opportunities and closed/won business at any point in time is paramount

Most companies have no clue! Yes, they have the software, they’ve signed the contracts, but their data is a mess, and they have no idea how to fix it

All of these skills are learned on the job, no one comes out with a degree in marketing or an MBA and is expected to be an expert in these tools

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SNEAK PEAK… SHHH