a new dimension to marketing automation
TRANSCRIPT
June 23, 2015Webinar presented by:
Right On Interactive and marketingIO
A New Dimension to Marketing
Automation
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Mike DavisPrincipal, marketingIO – Asparian LLC
For the past 15+ years, Mike's background consists of enterprise software and technology services, managing the development and integration of major technologies, e.g., Oracle, IBM, Microsoft, and 3rd party cloud application platforms. He specializes in business strategy and process improvement, marketing and technology integration management, project/program management, and end-to-end martech solutions.
Joe RizzoPrincipal, marketingIO – iNeo Marketing
With over 25+ years in digital marketing, Joe Rizzo specializes in multi-vertical B2B and B2C marketing initiatives fulfilling
services for start-ups to the Fortune 1000. Joe is a seasoned SaaS Marketing Automation technologist, as well as a noted
author, speaker, and consultant in digital marketing.
.
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Troy BurkCEO & Co-Founder at Right On Interactive
Troy is a recognized thought leader and speaker on the topics of lifecycle marketing, marketing automation, lead and customer scoring and nurturing. He founded the company in 2006 after a successful early career at ExactTarget.
Lori Grass Vice President of Sales & Alliances, Right On
Interactive
Lori Grass joined Right On Interactive in 2012 with over 20 years of sales experience. Prior to, she was vice president of
sales and marketing for Tri-Auto Enterprises, a national automotive marketing software firm.
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Agenda
Free Stuff and Questions
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Poll Questions
The Current State of MAS
Customer Lifecycle Marketing
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Data
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The Value of MAS
Companies that excel at lead nurturing generate 50% more sales-ready
leads at 33% lower cost (Forrester Research)
63% of companies that are outgrowing their
competitors use MAS (Position2)
Companies that use MAS see 70% faster sales cycle times, 54% improvement in
quota achievement.
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Marketing Effectiveness• Nurturing• Efficiency
50%
Automation• Consistent processes• Sense of urgency
63%
Sales Growth• Engagement visibility• Lead lists
70%
The Challenges of MAS
Only 3% adoption in non-tech companies (VentureBeat)
Only 8% of companies using marketing
automation use it to nurture their existing
customers (SiriusDecisions)
85% of B2B marketers using marketing
automation platforms feel they’re not using
(SiriusDecisions)
Foundation• Data• Personnel resources
3%
Strategy• Glorified email tool• Lead-centric thinking
8%
Execution• Slaying the dragon• Content
85%
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Three Steps to Better Data
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Do Build It• Incent/RTW• Gated content• Events
Do Ongoing Clean Up• Standard format• Must have data• Check-ups
Don’t Cleanse Once• Don’t hire temps to do it• Don’t delay until you are ready
Do Enrich• Append data• Progressive profil-
ing
Don’t Spam• Don’t keep unengaged active• Suppress often
Don’t Buy It• Not opted in• Expensive
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So Why Is Lifecycle Marketing The Answer?
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It’s 6-7x more costly to attract a new customer than it is to retain an existing customer.
80% of your company’s revenue will come from just 20% of your existing customers.
The probability of selling to an existing customer is 60-70%. The probability of selling to a new prospect is 5-20%.
Today’s buyer’s are anywhere from two-thirds to 90% of the way through their journey before they reach out to a vendor.
Your Customers Are Your #1 Revenue Source
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Customer Lifecycle Market-ing
Lifecycle MapAnalytics, Dashboards and
Reporting Profile and Engagement Scoring
Web and Social AnalyticsAutomated Campaigns ToolAudience Segment Builder
Email Tool
Events Email Web Calls Social
KimRegistered to win at eventProfile: 70Engagement: 12
AlexMade first purchaseProfile: 80Engagement: 88
The Journey
ATTRACT CONVERT ONBOARD EXPAND APPRECIATE
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Segmentation: Simple Phases
• Website anonymous, identified visitor re-ports
• Social media engagement and interaction• Tasks scheduled in CRM activities• Alerts to sales inbox • Accept and reject portal• 360 view of the lead
• Start with stages• Prioritize most
important• Utilize dynamic
content
• Engaged• Unengaged• Good fit• Poor fit
• Demographic• Psychographic• Firmographic• Purchase
behavior
1 - Stages 2 - Scoring 3 - Personas
• Qualified leads to ISVs and PSEs• Closed loop reporting and dashboards • Lifecycle map and metrics• API access for dashboards• Visibility into lead flow• Visibility into lead status
Outputs
Attract Convert Onboard Expand Appreciate
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Best Practices: Attract Stage • Don’t sell• Establish thought leadership• Drive opt-ins through register to win
programs• Website should be hub• Engage: events, direct mail, social, inside
sales
Awareness Consideratio
n
Convert Onboard Expand Appreciate
At-tract
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Best Practices: Convert Stage
• Ensure value prop against competition• Evolve from search marketing to discovery• Be found where your prospects search• Engage: email campaigns, digital marketing,
webinars, outside sales team
Realize Value
Attract Convert Onboard Expand Appreciate
Convert
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Best Practices: Onboard Stage • KISS• Consistency• Retention starts now• Ensure success• Engage: customer service, training, how to
videos, product specs
Initial Purchase
Attract Convert Onboard Expand Appreciate
On-board
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Best Practices: Expand Stage • Brand experience• Maximize relationship• Cross sell/upsell the right products• Relevancy by engagement• Lead lists to sales• Engage: customer service team, new
product roll outs, case studies, incentives
See Results
Attract Convert Onboard Expand Appreciate
Expand
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Best Practices: Appreciate Stage • Support brand advocates
• Highlight success stories• Award loyalty• Delight and surprise• Referrals and recommendations• Engage: referral rewards program, loyalty
program, surveys, focus groups
Advocate
Attract Convert Onboard Expand Appreciate
Appreci-ate
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Ten Campaign Questions
1. What’s the objective?2. Who is the audience? 3. What are the key messages?4. What is the value proposition?6. What media channels?7. Where are content assets?8. What is the CTA?9. What results are measured?10.What is the schedule?
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Lori’s Favs
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3Segmentation doesn’t have to be complicated
Lifecycle marketing is the future
Phased approaches with quick wins
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Troy’s Favs
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3Results are bigger than opens and clicks
Lifecycle is a business solution
Don’t forget about the customer
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Free Stuff!
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Recorded webinar
New Lifecycle e-book
Discovery session if desired
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Questions?
Lori GrassFor more information on [email protected]
Mike DavisFor more information on [email protected]
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About Right On Interactive
Right On Interactive (“ROI”) is a customer lifecycle marketing software company that
helps organizations win, keep and grow business. We do this through our lifecycle
marketing solution that builds engagement throughout the lifecycle of every prospect
and customer.
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About marketingIO
Marketing Technologists
+ Marketing Strategists
+ Marketing IT Support, DB & Application Developers = marketingIO
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Thank You!
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