Archive for Manticore Technology

Z47 Note:  This interview originally appeared in Manticore Technology’s Funnel Focus blog.  We have posted here as well.

In the B2B market, long, complex sales cycles come with the territory and can last anywhere from 6 months to 3 years. Therefore, lead nurturing is a critical part of many organizations’ sales processes. In the Lead Nurturing Cookbook, we offer a recipe for building long-term lead nurturing processes marketers can implement using their marketing automation platform. Brian Hansford, Founder and CEO of Zephyr 47, an agency that specializes in helping organizations implement and improve their lead management processes, participated as an “Guest Chef” on this recipe offering marketers advice on how to successfully execute a long-term lead nurturing program.

I caught up with Brian and asked him to expand on the insight he offers in the Cookbook and help you understand what factors are important to consider when building a long-term lead nurturing program.

In an extended lead nurturing program where you might be engaging with buyers six months to a year before they are sales-ready, how do you ensure they are getting the right message, at the right time?

I like Rules of 3 when tackling an opportunity. There are three factors to help B2B marketers effectively engage with prospective buyers over an extended period and win the business.  First, develop the profiles of the buyersand influencers involved in the buying process. Profiles or personas are incredibly important in lead nurturing success because they will help steer content and lead management. These profiles should outline the roles, responsibilities, points of pain, and messages that prospective buyers care about.

Secondly, develop a content strategy that provides the information for these contacts at the various stages of buying process.  The buyer personas will help focus a content strategy on the right audience with the right information. In addition to the content focus, the content strategy should identify the channels to publish and serve the content. A buying process begins when buyers research the problems and the solutions, transitioning to vendor evaluation, purchase decision, decision validation, and ongoing loyalty. As buyers move further into their process, marketing automation solutions help marketers provide the right information to the right people over a given period of time.

Thirdly, B2B marketers should have their lead management strategy.  This takes into account the workflow, contact cadence, campaign themes, and definitions that move leads through the buying process and a qualified handoff to Sales.  Marketing automation systems integrated with a CRM solution are very important and enable this entire lead nurturing process.

What are some mistakes you’ve seen b2b marketers make in building a long-term nurturing program?

Many B2B marketers fly blind with their lead nurturing because of inadequate or poorly developed content. Actually, I think many still follow more of the old ‘drip marketing’ model where every database contact gets peppered with the same content at random intervals.  Here we are in 2011 and I still get unfocused and irrelevant emails, calls and offers from various B2B companies!

Marketers must think long-term and cater nurture programs to potential and existing customers based on their stage in the buying process, their role, the need, and the timeframe. The spray and pray scattergun approach just doesn’t work anymore. Just as important as nurturing new business opportunities, B2B marketers should nurture their existing customers! This entire process requires heavy lifting in analyzing data, speaking with customers to profile what information helps them, testing campaigns, and involving Sales in the nurturing process.

Companies with extended product lines can improve nurturing performance with targeted messaging, relevant content and offers.  Providing the same content in a random fashion for all potential contacts misses the mark.

A study by Gartner states that 45% of leads that enter your website will purchase from either you or a competitor within 12 months. What can b2b marketers do to help ensure these leads purchase from them not their competitors?

Statistics like Gartner’s show there are amazing opportunities for B2B marketers to engage buyers and drive revenue. B2B marketers can use marketing automation solutions to engage the gold in ‘Gartner’s 45%’ and minimize the risk of lost sales to competitors. Lead nurturing strategies that engage prospective buyers with content, timing, and workflow provide a tremendous competitive advantage.  Just increasing the number of sales of those 45% can have a dramatic and incremental positive impact on revenue.

I may sound repetitive, but my message is consistent!  A lead management and content strategy that helps B2B marketers engage prospective buyers with the right content at the right time can cause a dramatic increase in conversions. B2B marketers cannot solely rely on capturing contact information and sending random forms of content irrelevant to the recipient and sending generic messages solely through email. Nurturing with lead scoring provide focus and help deliver marketing qualified leads to Sales that should have an accelerated decision cycle. Without the nurturing by Marketing and Sales, supported by a marketing automation platform, the competition will win.

How does marketing automation help you track where leads are in their buying cycle and how should this impact your content offerings?

In my corporate experience and with clients now, I have seen time and again how marketing automation solutions enable B2B marketers to track activity-based behavior and user-provided information to help score prospective buyers as leads, or not. From there, leads can be guided through a nurturing process where the ultimate benefit is a shortened sales cycle and accelerated revenue generation. This is done by following a strategy that involves scoring leads and escalating them to Sales at the right time, based on previously agreed definitions.  Scoring models implemented with marketing automation platforms are critical in helping B2B marketers deliver and serve the right content through the right channels at the right time. The beauty of this entire process is how Sales can be involved by serving content and passing leads back to Marketing for further nurturing if needed.

Marketing automation solutions enable nurturing programs by providing the right content to prospective buyers based on their scores which determine where they are in their buying process.  Content throughout the nurturing process includes detailed white papers, case studies, performance tests, RFPs, entertaining videos, product demos, and more. Marketing automation solutions like Manticore enable the entire process of serving this content to the right people at the right time. B2B marketers will achieve strong conversion and revenue results with rich content that effectively addresses each stage of a buying process, delivered through multiple channels and formats.

In creating lead nurturing programs, one of the biggest challenges marketers face is creating enough valuable content. What are some techniques for repurposing existing content effectively?

This has to be one of the biggest areas of pain that I saw both in my corporate life and with clients or companies in the B2B realm. So many organizations struggle with this and it’s an ongoing battle to produce relevant, interesting content.

There are all kinds of different forms of content that can be targeted to audiences, depending on where they are in their buying cycle. It’s not just the job of the marketing manager to create all the content. All organizations is have subject matter expert in some area within their four walls that can help produce some content.

It’s important to look past just the marketing manager and the product manager. Maybe there’s a sales rep or an engineer that can provide expertise on a subject, which could then be turned into a three-paragraph blog, for example.

A technique that we’ve used successfully is actually working with partners to develop content, and jointly publishing offerings. If you have a channel organization, recruit their subject expertise to develop content.

There may already be even an existing library of content that can be updated or repurposed, or refreshed.  Just because a white paper is three years old doesn’t always mean that it’s outdated. Many times they can be updated and refreshed pretty easily, and you can repurpose and incorporate them into some campaigns.

Zephyr 47′s Brian Hansford is honored to participate in a Focus Marketing Roundtable March 18.

Join us for our roundtable teleconference on March 18th, 2011 at 1pm PT/ 4pm ET with Ardath Albee, Brian Hansford, Craig Rosenberg, Emily Mayfield, Jeff Erramouspe, Michael Damphousse, and Tibor Shanto where we will discuss ingredients, techniques and timing b2b marketers need to effectively execute lead nurturing programs.
Based on Manticore Technology’s Lead Nurturing Cookbook,  we will share our “recipes” for creating proven-effective nurturing programs that B2B marketers can implement in real-world scenarios.
Topics Include:
1)    What 3 basic ingredients you need to successfully build and implement a lead nurturing process
2)    The optimal number and timing of touches for different types of lead nurturing processes
3)    How to integrate human touch points into lead nurturing and maximize call-connect rates
To follow the conversation and to submit your own questions use keyword FocusMarketingRT on Focus.com and #FocusRT on Twitter.
Moderator
  • Emily Mayfield, Director of Marketing, Manticore Technology
Panelists
  • Ardath Albee, CEO and B2B Marketing Strategist, Marketing Interactions Inc.
  • Brian Hansford, President, Zephyr 47
  • Craig Rosenberg, Leader, Focus Expert Network, Focus.com
  • Jeff Erramouspe, President, Manticore Technology
  • Michael Damphousse, CEO/CMO, Green Leads
  • Tibor Shanto, Sales/Marketing, Renbor Sales Solutions, Inc.

REGISTRATION INFORMATION HERE

Note: Zephyr 47 partner and Marketing Automation leader Manticore Technology made the following announcement today regarding their new integration with Microsoft Dynamics CRM 2011 and 4.0.  Versions supported include Online and on-premise. Here is the Zephyr 47 and Manticore Technology partnership announcement. More information on Manticore and Zephyr 47 Datasheet. (no form required)


Marketing automation leader builds direct integration with Microsoft Dynamics to ensure outstanding customer experience. Integration brings enterprise class marketing automation to Microsoft Dynamics customers around the globe.

AUSTIN, TX – January 25, 2011 – Manticore Technology, the trusted provider of easy-to-use, powerful marketing automation software, today announced App-to-App™ integration with Microsoft® Dynamics CRM. The company has coined the term App-to-App integration to denote direct integration between the company’s award winning marketing automation platform and another application, which in this case is Microsoft Dynamics CRM, without the use of a third party application to enable the integration. The company has found that App-to-App integration delivers a superior customer experience as compared to utilizing a third party integration platform – an approach competitive marketing automation solutions often take.

Deep integration between marketing automation and CRM platforms has proven to be a critical success factor with marketing automation. Manticore Technology made the strategic decision to build direct, App-to-App integration with Microsoft Dynamics CRM when the company found that using a third party integration application like competitive solutions would limit the depth of functionality that Manticore felt was a baseline requirement for success.

“Using a third party integration solution can limit marketing automation functionality and effectiveness,” said Jeff Erramouspe, president of Manticore Technology. “Manticore has capitalized on our five years of integration experience with salesforce.com to build App-to-App integration with Microsoft Dynamics CRM, creating a superior level of integration which positions our customers for success,” added Erramouspe.

Key integration points between Manticore’s marketing automation platform and Microsoft Dynamics include:

  • Bi-directional field sync – Real time synchronization between lead and contact profile details, including unlimited custom field creation and mapping
  • Online lead activity – Synchronization of website, email, search terms and form behavior, delivering insights to sales for increased efficiency.
  • Campaign integration – Improved reporting through delivering lead nurturing and outbound marketing campaign integration directly into Microsoft Dynamics.
  • Lead scoring – Multiple lead scoring models synchronize directly into custom fields in Microsoft Dynamics, enabling prioritization of leads for sales follow-up.

Manticore App-to-App integration for Microsoft Dynamics CRM is available immediately for Microsoft CRM 4.0 On Demand, Microsoft CRM 4.0 Internet Facing Deployments, and Microsoft CRM 2011.

About Manticore Technology

Manticore Technology is a leading SaaS marketing automation solution provider that enables marketers to effortlessly move sales prospects through the pipeline through demand generation, lead management, lead scoring, and lead nurturing, while feeding their sales team invaluable insight about the interests of each lead. Manticore Technology has enterprise customers around the globe, including, CSC, Sharebuilder 401(k) and PGP. For more information visit the company’s website or call 1-866-Manticore. For the latest best practices on Marketing Automation, visit the company’s best practices blog, funnel focus.

We are continuing to receive fantastic expert guest blogs from leaders in B2B marketing and marketing automation.  Below is my interview with Christopher Doran (Twitter @CDoran) who is the Vice President of Marketing for Manticore Technology, a leader in the marketing automation space and new partner with Zephyr 47.  Christopher’s bio is included at the end of his article.  Enjoy!

-Cheers, Brian Hansford with Zephyr 47

Christopher Doran is Manticore Technology's VP of Marketing

1. Christopher, has “marketing automation” reached a tipping point in the market yet?  Or are we still in the early adopter phase?

I think marketing automation has reached a tipping point.  Manticore Technology has seen a nice increase in our pipeline over the last six months and I expect that trend to continue in 2011.  Now more than ever B2B marketers are expected to deliver leads that are actually qualified to sales.  The days of dumping 10,000 tradeshow leads on sales’ desk and saying “good luck” are done.  Marketing execs are being held accountable to business goals and marketing automation makes tracking these goals possible.

2. How do marketing automation solutions help marketing execs get a seat at the CxO table instead of being viewed as functional tacticians?

Within a corporate organization, if marketing is perceived as a critical part of a company’s success they get a seat at the CxO table.  Conversely, if marketing is perceived as a group that goes to tradeshows, throws parties, and creates slicks, then marketing is “nice-to-have”  not “need-to-have”.  Nice-to-have’s aren’t invited to the CxO table.   When a marketing automation platform and the associated business process is implemented properly, marketers are able to drive consistent, measurable revenue.  How can part of the corporate organization that delivers 30, 40 or 50 percent of the organization business not have a seat at the executive table?  Of course they do.  Marketing automation makes this possible.

3.       What are the main strategic marketing requirements you see from managers who evaluate marketing automation solutions like Manticore Technology?

The biggest mistake I see companies making is failing to develop a process and then purchasing a marketing automation platform that makes the process possible.  They select a marketing automation platform first and then try to figure out the process.  Putting the cart before the horse can lead to significant problems.  The second thing (and equally important) thing to consider is support.  Marketing automation isn’t easy.  Be sure to understand how your vendor will support you.  Interview the support person.  They’ll play a significant role in your success, so make sure the right fit is there.

4. What are the marketing trends you feel will emerge in 2011 and how will marketing automation enable them?

In some regards I think 2011 will  be a back-to-basics year for some marketers with marketing automation.  Many organizations have chosen solutions that fail to deliver on the business value that marketing automation offers. They weren’t able to develop the process necessary for success because they chose a solutions that was either too weak (glorified email) or too difficult to use.  Manticore’s focus on “simply powerful” marketing automation continues to resonate with marketers looking for an ideal combination out there.  In 2011 expect other vendors to continue to follow Manticore in this direction.

About Christopher Doran: As vice president of marketing Christopher is responsible for all marketing efforts for Manticore including corporate communications, product marketing, demand generation and business development. Christopher joined Manticore Technology in 2003 as the company’s second executive hire. With 9 years of B2B marketing experience, Christopher has become a recognized thought leader in the area of marketing automation and marketing processes. Christopher explores insights and best practices on marketing automation and managing the marketing funnel on the company’s Funnel Focus blog.

Related Entries:

Manticore Announces App-App Integration with Microsoft CRM 2011

Evaluating Marketing Automation Vendors

Manticore’s VP of Marketing on Marketing Automation

Austin, TX (Vocus) November 2, 2010

Manticore Technology and Zephyr 47 today announced that they have entered into a strategic partnership, establishing Zephyr 47 as a Manticore marketing automation consulting partner.

Marketing process is a critical success factor in realizing the value of marketing automation. Without a predefined process to manage and measure the marketing funnel, the value of marketing automation can be elusive. Through this strategic partnership, Manticore customers will now benefit from Zephyr 47’s deep, proven knowledge of sales and marketing process to help ensure their success with marketing automation.

“With its proven business impact, demand for our SaaS marketing automation platform continues to grow year over year,” said Christopher Doran, vice president, marketing and business development, Manticore Technology. “Marketers are hungry to learn best practices around marketing automation and lead nurturing. Through this strategic partnership, marketers can help ensure their success in lead management and lead nurturing by working with a team like Zephyr 47 that has a proven track record of turning the vision of marketing automation into reality.”

Around 125 customers around the globe in financial services, technology, and business services have benefited from the power and usability of Manticore’s SaaS platform. The latest release of the company’s platform, Manticore Technology VII, delivers a wealth of robust functionality without sacrificing usability. Key capabilities include:

  • Multi-track lead nurturing to engage prospects in an on-going dialog, increasing the number of sales qualified leads and opportunities.
  • Email & landing page editors with both drag-and-drop and HTML support, providing marketers with both usability and flexibility to control the look and feel of their deliverables.
  • Lead scoring to identify the most qualified leads for sales follow-up, optimizing valuable sales resources.
  • Unmatched CRM integration with leading CRM software solutions like Salesforce.com and Oracle, enabling deep sales and marketing alignment.

“Our clients are looking for a trusted marketing automation provider that understands the importance of delivering a robust, scalable platform designed for the unique needs of B2B marketers,” said Brian Hansford, president of Zephyr 47. “After looking at a wide variety of marketing automation solutions, Manticore Technology, with their deep commitment to customer and partner success, became the obvious choice for Zephyr 47. As one of their strategic consulting partners we’re excited to offer our expertise to Manticore’s customers looking to enhance their success around their feature-rich platform. “

About Manticore Technology
Manticore Technology is a leading SaaS marketing automation solution provider that enables marketers to effortlessly move sales prospects through the pipeline through demand generation, lead management, lead scoring, and lead nurturing, while feeding their sales team invaluable insight about the interests of each lead. Manticore Technology has enterprise customers around the globe, including, CSC, Sharebuilder 401(k) and PGP. For more information visit the company’s website or call 1-866-Manticore begin_of_the_skype_highlighting              1-866-Manticore      end_of_the_skype_highlighting. For the latest best practices on Marketing Automation, visit the company’s best practices blog, funnel focus.

About Zephyr 47
Zephyr 47 is passionate about helping organizations gain customers and accelerate sales cycles. The Zephyr 47 team brings clients real world B2B marketing experience in demand generation and lead management strategy and execution. These strategies are implemented and enabled with marketing automation, content development, campaign management, and events. Zephyr 47, a Manticore Technology marketing automation strategic consulting partner, is headquartered in Redmond, Washington. For more information: http://www.Zephyr47.com or call 425-577-6247 begin_of_the_skype_highlighting              425-577-6247

Newsletter Marketing – 4 Tips to Keep Your Audience Engaged!

Tuesday, October 26th, 2010

Email Newsletter communications gives organizations a powerful way to stay engaged with customers, prospects, members, and patrons.  As a general rule, newsletter marketing is based on your audience opting-in or giving permission (explicitly or implicitly) to receive your newsletter.  Respect this permission and provide high value and informative content.

Here are best practices that any size organization can follow to build a successful newsletter marketing program.

1.  Use an email service provider.

Don’t make the mistake of sending mass email from Microsoft Outlook or a free Web-based mail service like Yahoo, Gmail, MSN, AOL, etc.  There are many advantages of using an email service provider (ESP) or marketing automation tool like Manticore Technology or Eloqua.  The main advantages of employing an ESP are deliver-ability, compliance, and security.  ESP’s have done a very good job establishing relationships and agreements with ISP’s to increase levels of legitimate commercial email deliver-ability without being filtered wrongly as spam.  By enforcing user agreements, reputable ESP’s ensure their customers use their services correctly and not maliciously.  In turn ISPs recognize the email from these sources which helps increase the probability of email delivery.  (However, this is NOT guaranteed.)

Commercial email is regulated in many countries.   In the U.S. the CAN-SPAM Act imposes strict regulations on how an email can be sent, who it is sent from, the content, and the options for recipients to opt-out.  Canada and the EU have their own regulations.  While ESP’s enable their customers to be compliant ultimately it is the responsibility of the sender to follow the rules!

2.  Avoid Fatigue: Establish Tempo & Develop a Communications Schedule

Random, infrequent, or too many email newsletters will put your reputation and relationships at risk.  With newsletters, determine a schedule that best suits your audience.  Schedules may be monthly, quarterly or even weekly in some cases.  Beware of communication that is too frequent!  A key advantage of setting a schedule is planning your content!

Don't fatigue your email subscribers with too frequent or irrelevant content

3. Format & Content – KISS

Another key advantage of using an ESP is formatting content in ways that are visually interesting and appropriate for your message and audience.  Provide content in bite sized pieces that are easy to consume.  Keep It Short and Simple.  Don’t send a novel of content that is too much to read and irrelevant.  A good idea for email newsletters are providing a paragraph intro for an article and a <link> to a web site to read more.  Compelling content will encourage click-throughs to web sites which is an important tactical metric in email marketing. Be careful with getting TOO fancy with your HTML emails.  Your email service should provide intuitive ways to create a clean and professional email.  However, if you add too many graphics, photos, banners, etc. the newsletter can look like a mishmash of Red X placeholders.

IMPORTANT:  Microsoft Outlook 2007 and 2010 have significant issues with how they format HTML email.  This is because Microsoft Word is the HTML reader and not IE.  Outlook also reformats certain HTML tags which can make an email look like a Picasso painting.

4. Social Media Integration

Provide ways for your recipients to share your newsletter content through social media channels.

Email newsletters and Social Media channels are very complementary to each other and offer ways to extend content reach.  News can be “shared” with simple buttons where content can be Tweeted, published to Facebook, highlighted on deL.icio.us and more.

Additionally some channels like Facebook can offer ways for users to opt-in or subscribe to newsletter content.  Constant Contact offers a plug-in like this for businesses with Facebook pages.  Zephyr 47 uses this service and it’s quite nice.  (See below) The Zephyr 47 Facebook page is here.

Newsletter marketing gives businesses of all sizes effective ways to engage a customer base, prospective customers, patrons and more.  With well developed content, a schedule, service provider, and integration with social media channels, newsletters are incredibly efficient and effective.

Undeliverable Email – Soft Bounce and Hard Bounce

Friday, May 28th, 2010

Are your emails bouncing like balls?

Email marketing is still a relatively young practice that many small businesses manage manually.  There are a number of risks and problems that arise if the proper tools and technologies aren’t used to increase email marketing effectiveness.

One of the more common problems is undeliverable email.  Two types of undeliverable email are soft bounces and hard bounces. In the realm of email marketing, these terms are grouped under “Bounce Rates”.

  • A hard bounce is one of the most dreaded occurances in email marketing because it means a contact is likely lost.  A hard bounce occurs when an email address simply doesn’t exist.  This can happen if your contact has left a company or an email account is deleted.
  • A soft bounce occurs when an email is being analyzed are stalled because it may be viewed as potentially harmful with viruses or spam.  The message may still be delivered to the inteded recipient but the process is delayed until trust is verified.

Simply using a desktop email client like Microsoft Office Outlook or email services like Google’s Gmail, Microsoft Hotmail and others greatly increase the problems of email bounce rates.  Risks from poor email management are lost revenue opportunities and a damaged reputation!  Here are some suggestions to help small businesses (and even larger enterprises) manage the valuable email list and reduce bounce rates.

1.  Find the right tools or technologies designed to help with email marketing.  (A service perfect for small businesses is Constant Contact. A fantastic service for larger enterprises is Eloqua. )

2.  Send confirmation emails to contacts who subscribe or opt-in to your emails.  This will help confirm the contact really wants your email and that you have the right address.

3.  Send regular and relevant emails to your contacts.  BUT, don’t OVER-EMAIL!    Sending regularly scheduled email using a recognized service provider like Constant Contact helps prevent soft bounces and keep the list up to date.

4.  Use common sense with subject lines.  We all get spam with terrible grammar, symbols, ALL-CAPS and ridiculous promotions.  Spam filters and junk email folders will commonly block, delay, filter and even delete emails with spam-like subject lines.  Put yourself in your contact’s place.  Would YOU open the email?

5. Provide a method for your contacts to opt out or unsubscribe from your email.  Always remember your contacts have given you permission to email them.  Don’t abuse that honor.  This is a best practice and quite often a legal requirement that follows anti-spam laws and regulations.

6. Provide a “Sent-By” email address that is relevant to your message and business brand.  Again, would you open an email from an unknown person?

Desktop email clients or free services like Yahoo! or AOL make email marketing very laborious for a small business.  Find a reputable, reliable, and economical email tool or service that easily automates the process and increases effectiveness and connections with customers.    Eliminate the BOUNCE!

Additional Resources

White Paper – 10 Keys to Maximize a Marketing Automation Investment

Battle-tested and successful marketers minimize the noise of randomization by planning strategically and executing brilliantly.  This is especially important with managing and executing marketing campaigns.  Campaign planning provides the entire enterprise a vision of what to expect for demand generation and awareness throughout a defined time period.  Desired outcomes and objectives are planned and agreed to.  Behaviors and expectations are aligned across departments.  The sales organization will understand the timing, target audience, and campaign messaging.  The campaign content contributors also know what content to develop and when they need to deliver.  This entire process helps avoid the dreaded peaks and valleys of lead flow.

Theories aside, here are real world ideas to help with strategic marketing campaign planning:

  • What types of campaigns?  (i.e. Demand generation or Awareness?)
  • Identify the objectives and desired outcomes for each campaign and roll up to the strategic plan.
  • Identify the target audience. (i.e. Existing customers? Technical decision makers? Business decision makers? Vertical industries?)
  • Timeframes:  monthly, quarterly?
  • Map campaigns and themes against known milestones or important events. (i.e. Major product launches; Holidays)
  • Provide a 12 month campaign calendar to the internal and partner audiences.
  • Identify the primary content contributors (i.e. Product managers, channel partners, customers, analysts) and proactively manage their contributions to allow for review, edit, and approval cycles.
  • Identify the delivery platforms and content elements. (i.e. Email, hypersites, communities, on-demand webinars, podcasts, white papers, etc.)
  • Map all content with a marketing automation system such as Manticore Technology and Eloqua and perform a pre-campaign test to ensure content quality.
  • Use the marketing automation system to monitor and measure results and make adjustments as needed.
  • Communicate in advance to internal and channel partner audiences of the impending campaign kickoff.
  • Monitor and measure sales effectiveness on lead follow up.
  • Duplicate what works.  Improve what doesn’t.
  • Celebrate success.

What has worked for you?  What hasn’t?  Let me know your thoughts!

Smarter, Faster, Stronger with Marketing Automation

Wednesday, February 24th, 2010

Marketing professionals like me who began their careers well before the Dot-Not Bust have seen a steady evolution with growing demands on what marketing should deliver – along with growing disappointment.

Long gone are the days where a marketing VP or marketing communications director would focus exclusively on agency management to develop meaningless and expensive ego-driven advertising  (i.e. Dot-Not “New Economy” ads) libraries of salesware and brochureware, and tons of tradeshows.  Also gone are the days of relying on the voodoo of junk mail agencies to scatter thousands upon thousands of mail pieces per month (and random email spam) in order to generate a stellar 1.00017% response.

Vast empires of marketing coordinators, traffic coordinators, event managers, inhouse designers, marketing communications directors and others were considered successful if they generated XX-thousands leads per year, depending on what the definition of a lead was at that given moment in time.  During annual business reviews marketing statistics were always tweaked to show a growth in “lead” generation over previous years.  Strangely, revenue would remain flat or decrease.  Finger pointing ensued.  (Hopefully this is familiar to many of you in a past-tense and not currently!!!)

Smarter, Faster, Stronger with Marketing Automation

This is one of the most exciting times for organizations to build strong customer relationships thanks to the rapid innovations in web technologies and social media channels and with marketing automation which ties everything together.

Successful marketing executives will have integral input, relationships and credibility with their peer executives and will help set the strategic direction of an organization.  One of the key resources that rebuilds credibility is a marketing automation system.  Marketing automation systems have numerous benefits that will strengthen the overall strategic focus of both marketing and the firm as a whole.  Some of the most important advantages and measurable benefits are:

Doing WAY more with less. Empire building is over with massive and random headcount.  Organizations with marketing automation can deliver and maintain more high quality customer connections with fewer people and less budget.  (I can sense the twitches and gasps from my marketing friends…it’s time to evolve folks!)  I am personally familiar with a firm that in the 1990′s and early 2000′s had a marketing department of 30 with a heavy focus on classic marketing communications and a massive annual spend with agencies and headcount.  That same firm now has a marketing department of less than 10 and uses a marketing automation called Eloqua to manage and measure ther annual marketing programs.  The quality of their customer connections are higher.  They capture better information to help make strategic product decisions.  The relationship between sales and marketing is strong.  This would not be possible without a strong marketing automation system.  With this company, marketing now has a seat at the table with the executive leadership.

Focus. Scatter gun direct mail with the “standard “1.4% response” is dead.  Marketing execs need tools that help them connect with the right prospects and customers with the right content at the right time.  No more pure guesswork.  A marketing automation system provides the focus to deliver a campaign strategy for a company year after year.

Content is King. Help Customers Find You. Customers are in control for when and how they want to be contacted.  They want information to help them with their buying decision.  Develop and provide a range of high value engaging and entertaining content.  Measure which content is best received and find ways to duplicate your success.

Measure. Measure the right data to help the organization make strategic decisions to identify market opportunites and respond to threats.  The executives must agree on the metrics at the beginning of a reporting quarter, or year.  Measure what works.  Identify what doesn’t.  Hold the entire organization accountable for the information reported.  Don’t just focus on generating more “leads” year over year.

As the economy heals from the economic bruising from the last three years more organizations will re-invest in marketing.  However, expectations are high, as they should be.  The old way of marketing is dead.  Marketing automation systems help organizations be smarter, deliver better results, spend wisely, and establish strong customer connections.

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