driving higher conversion rates through better business data and marketing excellence

27
Driving Higher Conversion Rates Through Better Business Data and Marketing Excellence © 2012 Marketo, Inc.

Upload: marketo

Post on 20-Aug-2015

3.317 views

Category:

Business


0 download

TRANSCRIPT

  • Driving Higher Conversion

    Rates Through Better Business

    Data and Marketing Excellence

    2012 Marketo, Inc.

  • Todays Speakers Jim Sinai

    Sr. Product Marketing Manager, Data.com @jimsinai

    Jon Miller, VP Marketing and Co-Founder Marketo @jonmiller

    #bizdata

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Quick Housekeeping

    Chat box is available if you have any questions

    There will be time for a Q&A at the end

    All attendees will receive a copy of the slides

    Twitter hashtag: #bizdata

  • #RevEngine

    You Cant Be a Great Marketer Without Good Data

    Phone Number

    Social Conversations

    Address

    Title

    Industry

    # of Employees

    SIC - DUNS

    Blog

    Corporate Hierarchy

    Revenue Email

  • #RevEngine

    Bad Data is Expensive and Time Consuming

    Wrong Size

    Business

    Wrong Number

    Moved Jobs

    Duplicate

    Not in Territory

    Gate Keeper

    Data Warehousing Institute

  • #RevEngine

    Data.com: Foundation for Marketing Success

    Automatically in Salesforce

    Unified in the Cloud

    In Your Business Process

    Familiar User Experience

    Unified in CRM

    Real-Time Updates

    Improve CRM Adoption

    Instant Notifications

    Automated Match & Fill

    Real-time Clean Data

    100% Complete Contacts

    Company Profiles

    Social Insights

    Leading Business Data

  • #RevEngine

    Accurate data on

    companies & people

    Tens of millions of records

    uploaded each month

    Best in class technology & algorithms process

    and clean every contact record

    Jigsaw Community updates more

    than 1M records per month

    Patented process for maintaining &

    updating global account database

    Global Data Collection Entity Matching D-U-N-S Number Corporate Linkage Predictive Indexing

    Over 2,000 automated quality

    checks & balances to ensure

    D&Bs high quality standards

    Leading Data Starts with Quality

  • #RevEngine

    Incomplete Web

    Incomplete Web

    Incomplete W

    Incomplete W

    Marketers Transform Incomplete Data Into Actionable Leads

    Backfill Lead Forms to Deliver Complete Leads to Sales Lower Cost per Lead and Improve Inbound Marketing Campaigns Soar with Workflows and Automatic Data Cleaning

    Qualified

    Leads Clean

    Incomplete Web

    Form Da orm Data

    complete Web Form

  • #RevEngine

    Marketers Improve Campaigns With Targeted Data

    Reach the Right People at the Right Companies:

    100% Complete Contact Information

    D&B Accounts for In Depth Market Segmentation

    Data That Starts & Stays Clean

  • #RevEngine

    Enterasys Drives Productivity to a New Level

    $3.2M in revenue sourced from Data.com

    Sales reps get in the door faster with

    access to specific titles

    Increased inbound effectiveness using

    marketing automation with Data.com

    Ben Doyle

    Director of IT Applications

    We get in the door faster

    with Data.com.

  • #RevEngine

    Connect to Success With Data.com

    Source: Reported in a March 2012 survey of 147 Data.com customers

  • #RevEngine

    Data.com Packages Meet Your Marketing Need

    Data.com Lists

    Data.com Clean

    Data.com In Salesforce

    Directly in Salesforce

    Unlimited account viewing

    Unlimited contact viewing

    Real-time data cleaning

    300 Records per month

    Targeted Lists

    Real-time online creation

    Custom with your criteria

    Delivered online or via FTP

    Access to full database

    List cleaning

    Master file creation

    Duplicate data flagging

    Fill in missing information

    Increase CRM adoption

  • Marketos Use of Data.com

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Nam

    e

    Aw

    are

    ne

    ss

    Frie

    nd

    Enga

    ged

    Pro

    spe

    ct

    Marketos Revenue Cycle

    Generate Awareness and Like

    Develop Relationships Until Sales Ready

    (Email, Social, Offline)

    Opportunity Customer

    Lead

    Sale

    s Le

    ad

    Nurturing Database

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Why Middle of the Funnel?

    % new Prospects not sales-ready: 81% Prospect to Lead time: 123 days average % Slow Leads: 66%

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    All N

    am

    es

    Pro

    spect

    &

    Recycle

    d

    Engaged

    Need Quality Information to

    Nurture and Score

    Lead

    Opportunity

    Sale

    s Lead

    MQL

    SQL SAL

    By Industry: 82% By Role: 67% By Company Size: 49% By Geography: 29%

    In Profile? Target?

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    We Use Short Forms

    Short Form (5 fields)

    Conversion rate: 13.4%

    Cost per: $31.24

    Medium Form (7 fields)

    Conversion rate: 12.0%

    Cost per: $34.94

    Long Form (9 fields)

    Conversion rate: 10.0%

    Cost per: $41.90

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Data Augmentation

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Data.com Matching Results

    Matches for 34% of leads and 74% of accounts

    Industry, Revenue, and Employee count populated on all fields

    Graveyard leads and contacts moved to unsubscribe

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Need Outbound Prospecting as Well

    Corporate

    10-100 Mid-Market 101-1,500

    Enterprise 1,500+

    % Inbound 42% 31% 32%

    % Demand Gen 24% 23% 27%

    % Referral 6% 3% 6%

    % Sales-Led 16% 20% 22%

    % Teleprospecting 12% 22% 12%

    Outbound Total 28% 42% 34%

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Target Accounts

    Accounts

    Contacts

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Effective Target-Account Tactics

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Wa

    rme

    r Effective Target-Account Tactics

    Buyers dont care about you answer WYWYN directly upfront

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Wa

    rme

    r Effective Target-Account Tactics

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Marketing Automation Drives a 63% Connect Rate,

    5% Opportunity Rate

    Add Leads/Contacts

    to Campaign Package / Postcards Automatically Sent

    Upon Delivery, Personalized Email

    Task to Call Created in SFDC

    SLA

    Reminders

  • #RevEngine 2012 Marketo, Inc. Marketo Proprietary and Confidential

    Key Takeaways

    1. You Cant Be a Great Marketer Without Good Data

    2. Integrated Data Improves ROI on Marketing Automation and Other Systems

    3. Cheaper to Buy Data than Ask for It on Forms

    4. Inbound: Focus on Data Appending, Outbound: Find Contacts

    5. Use a Multi-Channel Approach to Open Doors

  • Questions?

    Jon Miller @jonmiller

    [email protected]

    Jim Sinai @jimsinai

    [email protected]