jim darcangelo july 20, 2015 presentation to ny inbound marketing professionals
TRANSCRIPT
Jim DArcangelo July 20, 2015
Presentation to NY Inbound Marketing Professionals
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Booker - 1Q14
Old School Marketing…with Old School Results• Inbound Leads drove ~ 50% of closed deals; cold calling drove the rest• Paid Search Drove Inbound Leads – with CPL of ~$50 and CPA of ~$350• Paid Search Lead Organic Leads by 5 to 1 Ratio• There was no content team or strategy; no product marketing (& no user insights)• The marketing automation system was in a state of disarray
• 90,000 list and other-source-originating leads sat dead or dormant in SF• There was no marketing funnel, no analytics• No process for driving upsell and cross-sell ARPU opportunities
• People, Processes and Partners would be required to reach potential • Content, marketing automation, and site and SEO optimization would be
drivers
Acqu
isiti
on,
Lead
gen
Chan
nel S
uppo
rt
Existi
ng V
ertic
als
Holes/Inefficiencies Addressed, Accountability to External, Internal and Intra-group Clients
Prospect, Client and Market-Aligned – and Built to Scale
Client/Market/Competitive Intelligence & Research
Go-to-Market and Creative Operations
Corp Branding, Reputation and Communications
New
Ver
tical
(s)
Cont
ent
Exec
ution
Content Needs, Concept, and Frame/Fodder
Transition after
Launch Period
Demandgen and Client Comms Management
Critical Baseline Projects/Launches Timeline – 4/19 – 8/8/14
Marketo Initiatives
• 4/15 Blog launch
• 6/19 - Data Clean Up Plan
• 6/20 - Marketo Governance Doc created
• 6/24 - New Marketo Roles
• 6/25 - Campaign Request Process
• 6/30 - Marketo Instance Clean-Up launch – 700+ landing pages and out of date coded lead sources
• 7/1 - Content Assessment and Content mapping additions
• 7/8 - Salesforce Campaigns linked from Marketo launch
• 7/18 - Weekly Campaign Reporting launch
• 8/6 – Uberflip launch
• 8/8 - Persona Development
• 8/18 - Nurture Campaign #1
• 8/18 - Lead Source Consolidation in Marketo launch
• 8/12 - Sales’ Marketo tring
• 8/18 - Lead Scoring Model launch
• 8/18 - Lead Stages launch
• 8/18 - Marketing Funnel
• 9/1 - Persona Finalization
Salesforce Initiatives
•6/1 - New opportunity stages launched•6/15 - Sales forecasting turned on•8/18 – Sales funnel launch•8/31 – Cleaning active fields/ Fixing Data limits•8/31 – PCI Compliance•9/31 –Archiving old data (hundreds of thousands)•In Progress - Overhauling the opportunity process
SEO /
SEM Initiatives
•8/6 -adding URL parameters to every PPC campaign•8/6 – Marketo campaigns for tracking Google Adwords
List Proces
s Initiatives
•8/1 – List purchases tracked through Marketo and SFDC Campaigns launch•8/5 – Launched Datanyze to pull list of competitor clients•8/7 – Retooling the Task-Us project for new vertical lead gen - cost reduction•8/8 – Expansion of list vendors to fit business growth needs.
Marketo Data Clean Up & House Keeping
Issue Initiative Launch Date
Current Marketo database is riddled with duplicates, bad data, invalid leads, missing data – hundreds of thousands of years-old bad data
Data Clean Up Plan – plan created to clean our database up. This will be an ongoing long-term effort
Jun 19, 2014
No standardization in naming conventions, structure, landing pages, or campaign management. Made management of Marketo next to impossible
Marketo Governance Document - a tool to govern the use of the Marketo platform as it has been configured for Booker.
June 20, 2014
Every user was an admin. No controls over anyone's access to make mass changes
New marketo roles - Audited and implemented June 24, 2014
Old Campaigns were still running/never shut down upon closure/completion, campaign structure not organized at all, leads tagged randomly, landing pages with no order or logic, no “key” or roadmap
Marketo Instance Clean Up - a complete cleaning of current system to meet standards outlined in governance document
June 30, 2014
No insights into what was happening in Marketo was reflected in Salesforce. No linkage btween the two so measurement of campaigns converting to opps was hit and miss.
Salesforce Campaigns – Every Marketo campaign now has an accompanying Salesforce campaign to allow us to track opps created, won, lost by campaign.
July 8, 2014
Process Initiatives
Issue Initiative Launch DatePoor Marketo state - campaign requests unstructured so few clear goals for each campaign defined - manual consideration to other campaigns running at same time.
Campaign Request Process – formal request process to prevent last minute fire drills, unnecessary work, ensure team on the same page and strategically communicating with clients and prospects.
June 25, 2014
Poor Marketo state - minimal reporting on campaign success or failure
Weekly Campaign Reporting – implemented July 18, 2014
Poor Marketo state - lead source not accurate- open field that sales rep can change(!). Also various forms and old campaigns changing lead source randomly. Too many lead sources (700+ landing pages).
Lead Source Consolidation – consolidated all lead sources into 12 new categories from 32, allowing for more accurate reporting on effectiveness of each marketing channel.
August 8, 2014
Poor Marketo state - lead scoring set up was random and outdated / scoring old items / not used by sales at all
Lead Scoring Model – new model scoring relevant content and passing only leads to Sales over certain threshold.
August 18, 2014
Poor Marketo/SF state - no insight to close rates by timing, related quality of leads – all “leads” went to sales. And marked as “Demo requested.” No nurturing at all!
Lead Stages – Only qualified leads passed to sales, measure velocity of leads by source leading to yield rates, churn, and LTV by channel.
August 18, 2014
No Marketo-driven Marketing Funnel Marketing Funnel! August 18, 2014
Content Initiatives
Issue Initiative Launch Date
Poor Marketo state made manual what content was going out to who. Too many old campaigns and outdated materials being sent.
Content Assessment – complete audit of content being sent out to who and when. Archived outdated materials. Revamping current ones.
July 1, 2014
No Marketo funnel – so content not focused on maintaining engagement, converting readers into leads.
UberFlip -centralized content into one experience, to increase key engagement metrics and generate leads
August 6, 2014
Poor Marketo state - content being sent is not based on stage in buying cycle or personas. Generic content resulting in low engagement
Persona Development – persona’s created. Mapped content to the persona and stage .
August 8, 2014
Due to poor Marketo state, no campaigns in place to move people through the stages once we make the switch to lead stages.
Nurture Campaign #1 – initial general nurture campaign to to move engaged leads through the funnel to marketing qualified and passed to sales.
August 18th
Demand Generation Marketing
Engagement Streams for net new leads created based on buyer stage and persona.
Net new and TOF leads – Engagement Stream
Buyer Consideration Cycle
Sample Personas
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Marketing Tools
Operational
SEO/SEM
Content Platform
Data Intelligence
A/B Testing
Social Media
Future
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• The marketing automation system was rebuilt in nine weeks - June - August• 14,000 nurture leads in pipeline from dead or dormant in SF• Marketing funnel drives daily forecasts and pacing reports • >50% of upsell and cross-sell ARPU opportunities driven by content and marketing
automation team
• Uberflip enabled us to launch completely overhauled, optimized blog in three(!) weeks
• New web site launch - mid-Septembero Blew out content and Marketo/SF linkages
• New web site manifested repositioning of Booker and ignited demangen ramp
The purpose of all work was to stream to drive more ideal contracts more efficiently – by capturing, channeling and monetizing content
Critical, Enabling Milestones
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1.)
Funnel-Shaped Blog
2.)
3.) 4.)
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• January 2014: ~2000 page views~1625 unique views~1.50 minutes spent per page
• March 2015: ~40,000 page views~36,000 unique views~2.58 minutes spent per page
Our Blog – 2014 vs. 2015 Stats
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Video Stats
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Gated Guide Stats
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Social Media & Email Stats
Email Stats● 45% open rate ● 10% CTR
Social Stats● 15,482 reach● 1,461 clicks● Avg CPC - $0.37
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Results! EO1Q15 State
Living the Content2Conversion Dream• Inbound lead volume up 3X versus Dec ’14; Inbound lead spend down 60%• Inbound leads now drive ~100% of closed deals; cold calling non-existent• Organic Drives Inbound Leads – with CPL of ~$20 and CPA of ~$190• Organic Leads Outpace Paid Search by 11 to 1 Ratio• Churn cut in half; LTV up dramatically• Web site traffic up 150+% (UVs)• The content team and strategy thrive and drive the organization – rock stars• Closed Series C – with the Marketing and Sales growth story as a cornerstone
• Foundation laid for Inbound results create launching point for Predictive Lead Scoring, Account-based marketing, and advanced list/personal profiling• Next steps in dramatic Inbound lead leaps
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Critical Enablers and Success Factors
• A fully supportive Board
• A fully supportive CEO and CFO who gave the team a lot of autonomy
• A Marketing team of rock stars
• A great Booker culture that allowed for very different approaches and very different processes to replace all that was before
• A key partner like Uberflip to give us the technical input and capabilities to execute our vision