marketing automation – generating the desired revenue and a better roi | tinext @ digital...
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Generating the desired revenue and a better ROI
Davide Guzzetti, Managing Director Middle East
Outreach – Digital Marketing Summit
Dubai, 9 March 2015
Marketing automation
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Agenda
• The promise of marketing automation tools
• Status of the market
• What results to expect
• Implementing marketing automation tools
• Reality check. Am I ready?
• Final remarks
Promises and buzzwords
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MARKETING AUTOMATION
28% better sales productivity
33% higher revenue growth
Increase pipeline contribution by 10%
(Forrester, 2014)
#1 bene!t of marketing automation as the ability to generate
more and better leads. (Pepper Global, 2013)
Best-in-Class companies reduced close cycle time by an average
of 49%, compared with a 30% improvement by all other
companies (Aberdeen Group, 2014)
B2C marketers who are using automation [...] have seen conversion
rates as high as 50% (eMarketer, 2013)
14% increase in sales productivity, 12%
reduction in marketing overheads and with
75% of companies who are serious about it,
typically achieve ROI within 12 months.
(Forbes, 2013)
45% of the respondents will
implement marketing
automation in the next 12
months
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To sum up
• Marketing automation promise (translated):
• Generate more sales leads
• Make more sales
• Earn more money
A crowded market: over 200 vendors
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www.g2crowd.com
ActiveConversion, Act-On, Adobe (Neolane), Agilone,
Aprimo, Aptean, BeanstalkData, Bislr, Callidus
Cloud (LeadFormix), ClickSquared, Decision
Software, Distribion, eTrigue, Firstwave, Genius.com,
Genoo, GreenRope, Hubspot, IBM (Unica), Infer,
Infusionsoft, Kali8, Lattice Engines, LeadLife,
LeadMaster, LoopFuse, Lyris, MakesBridge, Marketo,
Microsoft (Marketing Pilot), MindMatrix, Mintigo,
Net Results, Netsuite, Ontraport, Optify, Oracle
(Elouqa), Pitney Bowes, PUBLITRAC, RedPoint,
RightOn Interactive, Sales Engine International,
Salesforce.com (Pardot), SalesFusion, SalesOptima,
SAP, Silverpop, Sitecore, Teradata, Treehouse
Interactive, True In!uence, Velocify, Venntive
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What is marketing automation all about?
• Automates recurring marketing tasks• Triggers marketing actions according to de!ned events
• Allows segmentation (to be used for personalization)
• Link between marketing and sales
• Provides accountability
• Allows better sales funnel management (lead quali!cation by scoring)
Marketing automation platform environment
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Segmentation / Targeting Content Creation Campaign Creation
MARKETING
Campaign execution
LEADS
Lead generation Lead nurturing
Lead scoring / quali!cation
SALES
MARKETING AUTOMATION
CRM
CMS
ANALYTICS
Technologies / software involved
Quali"ed
Unquali"ed
Marketing automation platform environment
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Segmentation / Targeting Content Creation Campaign Creation
MARKETING
Campaign execution
LEADS
Lead generation Lead nurturing
Lead scoring / quali!cation
SALES
MARKETING AUTOMATION
CRM
CMS
ANALYTICS
Technologies / software involved
Quali"ed
Unquali"ed
Customer Journey: software purchase (simpli!ed)
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Bob Smith, CIO, multinational company, manufacturing industry3 devices: 20% desktop, 40% tablet, 40% smartphone
LANDING PAGE DOWNLOAD TRIAL PURCHASE
See online adBrowse content
features
price
references
Fill form
Email con!rmation with link to activate trial
Try online demo30 days
Periodic email communications
(whitepapers, webinars, case studies, support…)
Number of interactions (= level of interest)
Leads scoring
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68% of Best-in-Class companies are using lead scoring, compared to just 28% of Laggard !rms. – Aberdeen Group “State of Marketing Automation 2014: Processes that Produce” (2014)
Impact on revenues
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Source: Aberdeen Group, “Marketing Automation 101: Ensuring Early Success with the Basics; Maturing Your Deployment for long-term ROI”
Leads sent to sales - 22 �
Close ratio +30% �
Revenue per deal +17% �
TOTAL REVENUE +30% �
Time and budget
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• Expect to allocate between 10% and 20% of your marketing budget
• Be prepared of embarking in a 6-months implementation project
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Reality check: some basic questions?
REACH
Do I have enough leads coming in?
TECHNOLOGY
Is my CMS future-ready?
CONTENT
Do I have appealing content?
RESOURCES
Do I have enough quali!ed
resources?
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Reach
• How many leads/contacts do you receive?
• Can your website be found online (SEO)?
• Do you run advertising campaigns (SEM)?
• Marketing automation itself will not bring to you new leads
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Technology / integration
• MA tools are not “technology islands”, expect those tools to be integrated with AT LEAST• CRM
• WCM
• WCM integration needed for:
• Landing page creation (+ forms)
• Tagging
• Content personalization
Time-to-market is key!
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Technology / tags
• MA tools heavily rely on TAGS, HTML markup code to be added to pages
• Need #exibility (and independence from the IT) in managing tags
• Example: Magnolia tag manager
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Content / Managing online customer experiences
• Understand the digital customer journey
• Integrate all the digital touch-points
• Focus on usability
• Make life easier
• Make the page appealing
• Predict and anticipate user’s behavior
• Interact like a human
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Humanizing marketing communications
• Personal communication is more valuable than automated one (specially in the Middle-East)
• It’s crucial that you humanize your marketing at every step of the way and put your clients and prospects !rst, not the software.
• As you focus more on building relationships with your audience, the ROI you’ll achieve through marketing software will become a sustainable and noteworthy reality.
Challenge:automate the processes and keep the interaction human
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Resources
• Marketing + sales: change management
• Copywriting and design
• Business process management: if you can’t de!ne a process, you’ll not be able to automate it
• IT and software: integrate, don’t create “technology islands”
Reality check: are you ready?
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Capacity gap
CAPABILITY SPECTRUM
Bullshit gap
What most enterprise digital team can do
What the software REALLY CAN do
What the vendor SAYS the software can do
low high
Adapted from: Real Story Group, 2015
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A few takeaways
• Assess your capabilities !rst, then assess software’s capabilities
• Integrate with CMS and CRM, make sense of the bigger picture
• Know your customer and customer journey: humanize before automating
• Ultimately you are still the intelligence behind the software
Thank you for your attention.
Tinext Middle East DMCC
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Dubai
United Arab Emirates
+971 4 3908297
Tinext SA
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