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Make your Marketing Automation Investment Count
Micky Long, Vice President and Practice Director, Lead Nurturing
Arketi Group
The good news…• Companies that excel at lead nurturing
generate 50% more sales ready leads at 33% lower cost. (Source: Forrester Research)
• Companies that automate lead management see a 10% or greater increase in revenue in 6-9 months. (Source: Gartner Research)
• Businesses that use marketing automation to nurture prospects experience a 451% increase in qualified leads. (Source: The Annuitas Group)
And the bad…• 79% of marketing leads never convert into
sales. Lack of lead nurturing is the common cause of this poor performance. (Source: MarketingSherpa)
• Up to 70% of Marketing – generated leads are never followed up by Sales
• 50% of survey respondents claim they have not realized the full value of their marketing automation investment…
• …less than 25% use their platforms to their full potential
How to get the greatest return
1 Data
2 Content
3 Process
Data
Who are you kidding?
Your data – How good is it?
What Jigsaw found
Incomplete Need Updates Dead Duplicate
90% 74% 21% 7%
“Lack of quality customer data is one of the top causes of CRM failure” -- Gartner
Source: Best Practices for Keeping Your Data Clean - Salesforce
Your data – How good is it?
Incomplete Need Updates Dead Duplicate
90% 74% 21% 7%
What Jigsaw found
“Lack of quality customer data is one of the top causes of CRM failure” -- Gartner
Source: Best Practices for Keeping Your Data Clean - Salesforce
How to practice good data hygiene
1. Build a plan
2. Agree on standardization
3. Invite everyone to participate
4. Be ruthless
Content
Building a whitepaper is NOT a strategy!
Why your content needs to get better
Given the above…if Sales doesn’t, who does? Marketing must make up the difference.
• Everyone’s solution promises the same value:• Make me money, save me money, make my
life easier
• Prospects are in control of the process• Up to 75% of buyers reach a decision on what
to buy before talking to Sales• 30% reach the decision before the “official”
sales process begins• By 2020, customers will manage 85% of their
relationship without talking to a human.
Completed buyer persona map“I have 3 concerns when I sit down at my desk: ‘what’s our cash flow?’ ‘what is revenue/customer?’ and ‘how efficient is our plant running?’”
Brad the CFOAge: 45Education: Bachelor’s (Finance) with most likely an MBA
CFO Message• “Our plant solutions can bring immediate ROI
through reduced inventory.”• “We enhance compliance through advanced
reporting.”
About Brad• Reports to CEO• Has financial responsibility for firm• Spends too much time on compliance/risk
mitigation/SOX• Must see fast ROI
Influencers• Peers• Case studies with
ROI• Current clients• Analyst firms
Goals• Efficiency• Less expenses• Proven ROI• Better financial
ratios
Proof Points• Avg.20% decrease
in inventory• 30% less waste
Words-phrases that resonate• ROI• Proven• Financially stable• Integrated
Objections• Cost too much• Burdensome
implementa-tion
Top Persona-building methods
Customer/prospect interviews
Sales interviews
Customer/prospect survey
Mining in-house database
0% 10% 20% 30% 40% 50% 60% 70%
64%
56%
47%
43%
Persona-building methods
Buyer-centric marketing
Develop Prove Close ServiceQualify Target
Advocate
Vet
Narrow
Evaluate
Research
Interest
Aware
Unaware
Purchase
Negotiate
AdvocateBuyer-centric marketing
Develop Prove Close ServiceQualify Target
Vet
Narrow
Evaluate
Research
Interest
Aware
Unaware
Purchase
Negotiate
Buyer-centric marketing
Decision makerAddresses pain Credibility Benefits Feature/function Trust Issue resolution
InfluencerEase workload Not overly complex Peer reference Easy training Support
Check signerCost/ROI Reputation Confirmation of decision
Advocate
Develop Prove Close ServiceQualify Target
VetNarrow
Evaluate
Research
Interest
Aware
Unaware
Purchase
Negotiate
Content to conversionAdvocate
Narrow
Evaluate
Research
Interest
Aware
Unaware
Purchase
Negotiate
Check signer
Decision maker
Influencer
Media coverageSocial mediaViral videoInfographicNews Release (thought leadership)
Curated listsSurvey campaignsOrganic searchPrint AdsNurture campaignsIndustry white papers
Bylined articles Trade showsRetargeted adseNewsletterNews release (product)eBooksGuides
WebinarsPPCWhite paper (product)News release (corporate)Quicktours3-D mailersFirst strike PPT
Data sheetFeature comparisonProduct comparisonCase studiesAnalyst reportsNews release (case study)ROI calculator
TrialLive eventInteractive demoDrip campaign
Customer support videos
Case studies candidate
Ease workload Not overly complex Peer reference Easy training Support
Cost/ROI Reputation Confirmation of decision
Addresses pain Credibility Benefits Feature/function Trust
Issue resolution
Vet
Customer experience Customer communication
User tipsUser enewsletterUser conferenceUser communityCross sell/Up sell campaigns
Customer testimonialReferencesTech specsNews release (award)
CSR efforts
PricingSupportSLAProposals
Target Qualify Develop Prove Service Close
Content preferences
White paper
Webinar
Case study
Blog post
E-book
Video
Infographic
Presentation
Podcast
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Content type utilized during business search
Source: DemandGen Report, Content Preference Survey
Embracing video as a channel
Embracing video as a channel
Must Haves
Call to action
Transcripts and keyword rich description on video server service
Use YouTube
Do
Scripted
Production quality
Enhanced
90 seconds to 3 minutes
Don’t
Free form
Gritty
Natural
60 minutes
Top content challenges
42%
20%
18%
12%
7% 1%
ChallengesEngaging contentEnough contentBudget Lack of exec buy-in
Don’t be afraid to be green -- recycle
Start with a white paper, run a podcast, create a video
Leverage all options
Partner with an analyst, run a webinar, highlight in a collateral piece
Borrow expertise
Content Curation - is a term that describes the act of finding, grouping, organizing or sharing the best and most relevant content on a specific issue. – Courtesy of Rohit Bhargava, Influential Marketing blog
Five Curation Models:1. Aggregation – “Top five tips for success”
2. Distillation – shorten and simplify
3. Elevation – spot trends from other material
4. Mashup – pulling together items to create new POV
5. Chronology – Pulling together timeline to show trends
Curate for credit
Industry White Paper
Technical White Paper
Vendor Video
Response
Response
ResponseProduct
Datasheet
Product Case Study
Industry Webinar
Response
Response
ResponseProduct
Case Study
Technical White Paper
Industry White Paper
Response
Response
Response
Industry Webinar
Industry Podcast
Response
Return to Pool
Offer/Sales
Y
N
NNN
N N N
N
Y Y
Y Y Y
Y Y Y
Awareness
Discovery
Validation
Response
NN
Y
Well-mapped content can feed highly effective drip marketing programs
Put it all into action
10% Response
20-30% Response
40+% Response
Process
Tame those loose cannons!
Why process?• 64% of CMOs lack a formal process for
managing marketing automation. – Annuitas Group
• Only 33% of execs using both marketing automation and CRM systems say they
integrate well – Experts Bench
• 66% of Marketing execs claim “Fixing broken processes” is a major challenge to effective
automation implementation – Gleanster survey
• 46% of marketers with mature lead management processes have sales teams that follow up on more than 75% of marketing-generated leads. – Forrester
Three steps to a better MA experience• Establish a plan with milestones
– Evaluate custom metrics– Don’t overlook basics– Be realistic– Don’t forget the talent– Do not implement in a vacuum
• Create a learning culture– Always be testing– Implement change– Don’t fear failure
• Make review a part of the process– Be relentless– Invite all stakeholders
Arketi Lead Nurture Healthcheck• Overall lead nurture goal
– Define the objectives identified at the start of the lead nurturing/automation initiative
• Last Quarter Goal Review– Review the 2 or 3 specific goals that were established for the previous quarter and
identify performance against expectations
• Next Quarter Goals– Identify 2 or 3 goals for next quarter and the metrics that will determine their success
• Campaign effectiveness– For each campaign conducted during the quarter, report on all key metrics
• Lead workflow– Review existing lead workflow, Sales handoff threshold and return to marketing points
Arketi Lead Nurture Healthcheck• Lead scoring model
– Review and adjust as necessary
• Content Development– Review content creation/curation strategy
• Website Activity– Review overall web traffic and identify correlation with lead nurture activities
• Thematics/Message– Review marketing campaign messages and proof points against system results from
past quarter
• Calls to Action– Review relevance and effectiveness of offers used in emails and drip programs
Arketi Lead Nurture Healthcheck• Prospect Database
– Review and adjust total prospect database
• System Maintenance– Review Automation tool to streamline and ensure proper functionality
• Next Quarter Campaigns– Review ongoing campaigns for viability and needed changes
• New Outreach Campaigns– Identify new Marketing campaigns/initiatives
Questions?Micky Long
Vice President and Practice Director, Lead Nurturing
[email protected] ext. 214
www.arketi.com
Link to Buyer-centric content infographic:http://www2.arketi.com/buyercentric