marketing automation - demystifying big data [mumbrella digital school]

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Marketing Automation Demystifying Big Data gregbeazley.com

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Your big data is all of the response and activity generated by your digital marketing efforts. The problem is, how do you integrate all of that data in order to make more effective marketing decisions? In this presentation, I look at best practice in marketing automation and how to better nurture leads through the sales funnel. This presentation was developed for Mumbrella's Digital School (http://mumbrella.com.au/events/mumbrella-digital-school) on the topic of Marketing Automation and Big Data. Presented on Monday 10th March 2014. gregbeazley.com

TRANSCRIPT

Page 1: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Marketing Automation

Demystifying Big Data

gregbeazley.com

Page 2: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

About Me Surfers In A Dress

Page 3: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

About Me

• 6 years Agency & Client-side

• Events > Advertising > Marketing > Consulting

• Datarati

• Marketing Automation specialists

• Data-driven Customer Lifecycle Marketing

• Actionable Insights

• Blog: gregbeazley.com

/surfersinadress

Page 4: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

About You

Page 5: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Why are you here?

Your big data is all of the response and activity generated by your digital marketing efforts. The problem is, how do you integrate all of that data in order to make more effective marketing decisions? We look at best

practice in marketing automation and how to better nurture leads through the sales funnel.

Big Data Marketing Automation

Better Efforts & Decisions

Page 6: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

What is “Big Data”?• Importance of Data• Access to Technology• Visualise & Manipulate• Predict & Automate

Page 7: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

What is “Big Data”?• What/who for?• Complete picture?• What is Big Data NOT?

Page 8: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

What is Marketing Automation?

• Connecting the dots to Automate (API)

• An enabler for data-driven marketing• Behavioural data

CRM Database

Marketing Automation Database

Customers & Prospects

Page 9: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Revenue Cycle Funnel Bridging the gap between Marketing & Sales

Marketing SalesMarketing Automation Database

CRM Database

Page 10: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

What does Marketing Automation do?

Landing PagesForms

Data Management

Segmentations Measurement

Pipeline & Revenue

Cookie Tracking SMS via WebhookPURLs

Page 11: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Traditional Approach• Linear path to purchase• Easy to control• Drop-offs > Re-acquisition ($$$)• Disconnect between Marketing

& Sales

Acquisition Conversion

Conversion

Small Conversion %

Marketing Spend $

Attract

Engage

Convert

Retain

Page 12: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Permission• Permission to Market cross-channel• Build a relationship• Targeted communications (email,

display, social)

Acquisition Conversion

Conversion

Relationship

Permission loop

Permission Capture

Page 13: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Relationship• Market in a known way (targeted)• Drive to first-time purchase• We know who you are and what

you like

Acquisition Conversion

Conversion

Relationship

Permission loop

Permission Capture

Conversion

Welcome Abandonment

Browsing & Reminders

Page 14: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Repurchase• Buy for a second time• Up Sell & Cross Sell other

products• Product life cycle

Conversion

Transaction e.g. Thank you

Repurchase loop

Cross Sell

Replenishment e.g. prepaid, vitamins

Page 15: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Stickiness• Brand Preference• Competitive Differentiation• Rewarding Loyalty

Conversion

Service Alerts e.g. flight delays

Stickiness loop

Ratings & Reviews

Referrals

Page 16: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Win Back• Recapture Customers from

Defection• Avoid re-starting the cycle

Conversion

Win Back loop

Win Back

Page 17: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Re-permission• Maintaining & recapturing

permission across channels

Conversion

Re-permission loop

Relationship Targeted

• Targeted Campaigns throughout the lifecycle to increase conversion

Page 18: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Customer Lifecycle• More prescriptive approach• More effectively map campaigns

against the lifecycle• Automate customer experience to

help generate pipeline & revenue

Conversion

Re-permission

Relationship

Win Back

Stickiness

Re-purchase

Acquisition Conversion

Conversion

Permission

Conversion

Targeted

Page 19: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

Customer Lifecycle Campaign Ideas

1. Engage2. Educate3. Convert4. Excite5. Renew6. Reward

Page 20: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

8 Key Takeaways

1. Buyer’s are now in control, so think about the customer experience

2. Digital fingerprints are being created across email, web, search and social media

3. Marketing must align with sales objective: revenue

4. Connect your Marketing database with your Sales/CRM database for Revenue and ROI tracking

5. Set up a scoring model to track engagement levels to ensure you are following up with those most likely to convert

6. Set up automated campaigns that trigger on specific types of behaviour via email, web, search, social media and purchase activities

7. Report on campaign effectiveness by channel, by frequency, by ROI

8. Test and optimise!

Page 21: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

What next?

• What are your business objectives?

• What campaigns should you be prioritising?

• What data are you capturing and what do you need to capture?

• How healthy is your data?

• What resources would you need to put some level of CRM & Marketing Automation in place?

Page 23: Marketing Automation - Demystifying Big Data [Mumbrella Digital School]

References

• Big Data: • Marketing Technology LUMAscape • Gartner Digital Marketing Transit Map

• Revenue Cycle Funnel: • Marketo Revenue Cycle Funnel

• Customer Lifecycle: • Responsys Customer Lifecycle • Datarati Customer Lifecycle Campaign Ideas