[recording] new techniques and technologies to grow pipeline faster

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Page 1: [Recording] New Techniques and Technologies To Grow Pipeline Faster
Page 2: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Housekeeping • This webinar is being recorded • Slides and the link to the recording will be emailed to you after the webinar • Post your questions in the chat box at the bottom of your screen for a live

Q&A session at the end of this webinar • Help us make these webinars better by filling out the short survey at the end

of this webinar • Feeling social? Use #mktgtech

#mktgtech

Page 3: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Paul Albright CEO, Captora

#mktgtech

Jon Miller Co-Founder, Marketo

Page 4: [Recording] New Techniques and Technologies To Grow Pipeline Faster

New Techniques and Technologies To Grow Pipeline From Inbound Marketing

Page 5: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Source: The Economist, 2015

2015 Marketing Priorities

Page 6: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Top 4 Digital Marketing Initiatives

1. Insane focus on ARR growth

2. Overt goals and role definitions tied to compensation

3. Build marketing outside-in (inbound- AND content-focused)

4. Improve your website reach and power

Page 7: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Insane Focus on Revenue Growth

Marketing-Driven Acceleration: Grow Pipeline Faster!

Page 8: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Growth + Productivity = Success

• 50 cents in Marketing for every $1 in Sales • 85%+ of revenue directly sourced by marketing • 30%+ of each month’s bookings from slow leads

CAC Productivity

SaaS Average

Page 9: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Agree On Marketing’s Contribution Goals

SMB Enterprise

% Marketing-Led 80% 70%

% Inbound 50% 30%

% Outbound 25% 15%

% Teleprospecting 0% 15%

% Referral 5% 10%

% Sales-Led 20% 30%

Page 10: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Amplify Marketing Productivity

Seminal Metric: Digital Marketing Campaigns Per Marketer

Digital Campaign Lifecycle: Identify, Create, Launch, and Optimize

Page 11: [Recording] New Techniques and Technologies To Grow Pipeline Faster

All

Nam

es

Pros

pect

&

Recy

cled

Lead

AWA

REN

ESS

Enga

ged

Opportunity Customer

Sale

s Le

ad

MQL SAL

SQL

Nurturing Database

Marketing SDR Sales

Full-Funnel Goals, Compensation & Technology Stack

Page 12: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Know Your “Math of Marketing”

Opportunities 200 / mo ($1,860)

New Customers ($5,000)

Leads 3,700 / mo

($101)

Prospects 6,500 / mo

($57)

19% Active Prospect

Database

4.5%/mo 75%

Paid Names ($14)

10% Unpaid Names

24%

Inactive (Last 6 Months)

81%

• Lead to Sales Lead: 10% • Sales Lead to Opp: 74%

1,000 Leads = 54 Opps

27,000 / mo

319K Total 55K Prospects

36% engaged x 66% qualified

Page 13: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Leverage Technology To Scale Revenue Growth

LEADS

CRM

Find & Capture New Buyers

“Captora is delivering 26% of our digital leads and millions of dollars in pipeline contribution.” - Janelle Donovan ServiceMax, Sr Director of Marketing

LEADS Marketing Automation

Page 14: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Demand AnalyzerTM Campaign EngineTM Performance AdvisorTM

See Do Win

Access real-time buyer and competitive intelligence

Scale and optimize digital campaigns and associated

content

Report success across channels, content and the

entire funnel

Page 15: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Deliver Value At Record Speed

M1 M2 M3 M4 M5 M6 M7 M8

20 40 60 80 100 120

100 200 300 400 500 600 # of Organic

Campaigns

# of Organic Leads # of Paid Leads

Time

# of

Cam

paig

ns

# of

Lea

ds/m

onth

- You can produce Paid Search Application new leads in <2 months Strategy: Optimization…increase blended conversion rates by >20%

- You can produce Organic Search Application new leads in <4 months Strategy: Expansion…700 Organic Campaigns (new landing pages)

Page 16: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Deliver Value At Record Speed Organic Campaigns – 120 Days

1. Launch Campaign Day 1 2. Ranked & Visitors Day 90 3. Lead Flow Day 120 4. Deals Day 150

Paid Campaigns – 60 Days 1. Launch Campaign Day 1 2. Optimize/Testing Started Day 30 3. Increase Conv. Day 60 4. Deals Day 90

Goals: Pipeline (leads) <$100 CPL +X Deals +200 Leads/Month +200 Leads/Month (10-50% + X Deals improvement in conv rates)

Page 17: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Top 10 Digital Marketing Metrics 1. Members - total names captured by program (new AND existing names) 2. Cost per Member - # of members divided by program cost 3. New Names - total number of names new to the database 4. % New Names - new names divided by members 5. % Engaged - new names which clicked follow up email, visited the website,

spoke with sales, or engaged with some measurable way, divided by new names

6. Prospects - number of new names who fit a buyer profile 7. % Prospect - prospects divided by new names 8. Cost Per Prospect - prospects divided by program cost 9. Program Cost - $ amount invested in program 10. Cost Per Form Fill (Lead)

Page 18: [Recording] New Techniques and Technologies To Grow Pipeline Faster

300% Better Conversion Rates

Highlights

ServiceMax identified, launched, and optimized over 800 organic campaigns Improved conversion rates by >300% ServiceMax has seen millions of dollars of new business using Captora

Page 19: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Over to Jon!

Page 20: [Recording] New Techniques and Technologies To Grow Pipeline Faster

The Marketo Story

Page 21: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 21 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Page 22: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 22 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Page 23: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 23 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Page 24: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 24 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Nam

e

Awar

enes

s

Frie

nd

Enga

ged

Targ

et

TOFU MOFU

Opportunity Customer

Lead

Sale

s Le

ad

Nurturing Database

BOFU

Page 25: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Top of the Funnel

Page 26: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 26 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Source: Marketo data, Marketo Revenue Cycle Analytics. Does not include all sources.

Page 27: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 27 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Source: Marketo data, Marketo Revenue Cycle Analytics. Does not include all sources.

Page 28: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 28 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Source: Marketo data, Marketo Revenue Cycle Analytics. Does not include all sources.

Inbound creates the best leads by far: high conversion, high velocity

Page 29: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Engage Buyers with Targeted Campaigns

Page 30: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Engage Buyers with Targeted Campaigns

Page 31: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Real-Time Actionable Competitive Insight

Page 32: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Identify Demand Signals for Guided Prioritization

Page 33: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 33 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Source: Marketo data, Marketo Revenue Cycle Analytics. Does not include all sources.

But we also use a Portfolio of programs

Page 34: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Middle of the Funnel

Page 35: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 35 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Page 36: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 36 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Sales Ready

Source: RainToday

25%

50%

25%

2%

Need More Nurturing

Disqualified

Page 37: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 37 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Source: Marketo data, Marketo Revenue Cycle Analytics. Does not include all sources.

Average days to Opportunity: 327 days

Page 38: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 38 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Lead Nurturing: Building relationships with

qualified prospects regardless of their timing to buy

-- @jonmiller

Page 39: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 39 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Relevance Get the “Definitive Guide to Lead Nurturing”

marketo.com/DG2LN

Page 40: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 40 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

2 3 1. BUYING STAGES

• Early: Be a Better Marketer • Mid: Why Marketing Automation • Late: Why Marketo • Customer: Success

2. BUYING PROFILES • Marketing, Sales, Exec

Page 41: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 41 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Page 42: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Revenue Analytics

Page 43: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 43 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Page 44: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 44 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

• Multiple touches. 7

• Multiple influencers. 5-21

Why Measuring Return is Hard

Page 45: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 45 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Track All Touches Across People

Screenshot: Marketo Revenue Cycle Analytics

Page 46: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 46 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Source: Marketo Revenue Cycle Analytics, Apr 2014 * Percentage of all programs in channel that achieve MT Ratio > 5

Page 47: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 47 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Source: Marketo Revenue Cycle Analytics, Apr 2014 * Percentage of all programs in channel that achieve MT Ratio > 5

“Brains” = 58% of (MT) Pipeline “Budget”= 42% of (MT) Pipeline

Page 48: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 48 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Source: Marketo Revenue Cycle Analytics, Apr 2014 * Percentage of all programs in channel that achieve MT Ratio > 5

(MT) Ratio = Pipeline / Investment

>10 is Great and <5 is Fail Sponsored Email = 12.8, Tradeshow = 10.6, PPC = 13.0, Webinars = 25.4, Field Events =

6.6, Content Syndication 7.7

Page 49: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 49 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Source: Marketo Revenue Cycle Analytics, Apr 2014 * Percentage of all programs in channel that achieve MT Ratio > 5

% Programs with MT Ratio > 5 e.g. Tradeshow has good average

but 49% programs “fail”

Page 50: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 50 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Nam

e

Awar

enes

s

Frie

nd

Enga

ged

Targ

et

TOFU MOFU

Opportunity Customer

Lead

Sale

s Le

ad

Nurturing Database

BOFU

Page 51: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 51 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Revenue Cycle Modeler

Screenshot: Marketo Revenue Cycle Analytics

Page 52: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 52 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Filter/Drill into data, e.g. by Program Type, Business Unit, Geography, etc.

Key topic areas: • Balance (Reach) • Flow • Conversion • Velocity

Trends over time

Screenshot: Marketo Revenue Cycle Analytics

Page 53: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 53 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Use Metrics to Set & Justify Budgets

New Targets New MQLs Score>100

23,000

Inventory of Active MQLs

20,000

New Opps*

1,000

6 Month Created Opp Inv.

2,000

270

*Opps is bigger than SQLs because includes outbound and partner referrals

SDR capacity driven

Inbo

und

/ Pr

ogra

ms

120K (900K DB Total)

New Names

New SQLs

922

Win

s

Inventory Of Active Targets

60,000

131,000

15.3%

10.5%

2.4%

1.9%

75% 35%

Page 54: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Page 54 Marketo | © Marketo, Inc. 2/9/2015 @jonmiller

Get the “Definitive Guide to Marketing Metrics & ROI” marketo.com/DG2MM

Page 55: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Jon Miller @jonmiller

[email protected]

Page 56: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Q&A #mktgtech

Page 57: [Recording] New Techniques and Technologies To Grow Pipeline Faster

Thank You! www.captora.com - Free Digital Marketing Scorecard [email protected] [email protected] Twitter: @captora + @paulalbright