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Rescooped by Thomas Faltin from The MarTech Digest
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5 Reasons Sales Should Be Excited About Marketing Automation - Marketing Action Blog - Act-On

5 Reasons Sales Should Be Excited About Marketing Automation - Marketing Action Blog - Act-On | Digital-News on Scoop.it today | Scoop.it

Digest...


When we talk to sales reps at Top Performing companies, here’s what we generally hear about the benefits of marketing automation in the context of sales:

 

1. Accountability for marketing performance.

Marketing can take ownership of generating a sufficient volume of leads that actually meet sales qualification expectations. That means the entire lead lifecycle – from inquiry to customer – can be measured and tracked. Over time, organizations can benchmark conversion in each stage, including estimating the number of qualified leads marketing needs to source and how much it costs to drive that volume based on expected revenue targets.

 

2. Reps have more reasons to reach out and engage prospects.

CRM-marketing automation integration turns CRM into a strategic source of insight for reps who become more likely to log in and use their CRM the way it was intended to be used. Naturally, this means marketing automation can also increase CRM adoption among sales reps.

 

3. Sales doesn’t have to qualify as many leads.

For Top Performing organizations that use marketing automation, lead qualification happens in marketing and opportunity qualification happens in sales.

 

4. Best practices in sales become scalable.

Marketing automation makes targeting buyers scalable because you can set up campaigns to run on autopilot. New prospects enter the correct nurturing campaigns automatically, receiving the right message at the right time, whether you have one or one thousand prospects in the pipeline.

 

5. Marketing automation helps reps stay in touch with prospects that aren’t ready to buy.

Marketing automation allows reps to actively monitor leads they have engaged, including flagging their activity and alerting reps of buying signals. Nurturing a prospect who has already engaged with sales requires entirely different messaging than nurturing a prospect who was just introduced to your brand. Marketers can set up campaigns into which sales reps can drop contact records in order to keep in touch with them over time. If and when a prospect engages with one of those campaigns, the rep can reach out and re-engage at just the right time.

 

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Via Marteq
Marteq's curator insight, August 7, 2014 8:37 AM

Affirmation!!

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We Will Block You - Humans Are Changing So Should Your Marketing - Brian Halligan Hubspot CEO

We Will Block You - Humans Are Changing So Should Your Marketing - Brian Halligan Hubspot CEO | Digital-News on Scoop.it today | Scoop.it

Startups Listen To This
Startups live in a bubble. We believe our ideas will change the world. We are passionate and devoted. Problem is most people have LIVES (lol). To capture attention startups must understand "inbound marketing". Inbound marketing is creating great content and THEN talking to customers who come to you.

The nature of the conversation you can have with "customers who come to you" is very different than cold calling a VC. Reminds me of a Channel Advisor story. In the early days of the compnay Scott Wingo, its founder, couldn't figure out how to get Sand Hill Road VC to call him.

He went out to San Francisco and observed where major VC worked, drove and parked. Then he populated their route with signs with his logo. Sure enough THEY called HIM. When THEY call YOU the deal flow is better by a factor of 10. You give up LESS of your company to get the money you need to change the world.

Hubspot is a powerful "marketing automation" tool. Here Brian Halligan takes you through 4 wise inbound marketing tips (with some easier to execute than others):

* Create amazing content (this would be the hard one).

* Put your content into context (read this carefully).

* Go beyond marketing automation (agree).

* Use Social to create "leverage" and support for your content (AGREE).

I'm working on a post about why startups must have robust social media presence that will discuss inbound marketing's many advantages too. This post is a great primer.  

PS. If you watch the video skip the first two minutes.  Great riff about the "science of marketing" around 14minutes into the video. 


Via Martin (Marty) Smith, Entropic-Synergies
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How NOT to Derail Your New Marketing Platform - Marketo | #TheMarketingAutomationAlert

How NOT to Derail Your New Marketing Platform - Marketo | #TheMarketingAutomationAlert | Digital-News on Scoop.it today | Scoop.it
So, your company has decided to adopt marketing automation. What's the #1 thing that will derail your new platform? If you don't educate your team members, you won't get the most out of your platform.

 

Key excerpt...

 

Education is bigger than the ability to “use” a marketing automation platform. To get the most out of your new platform, your team should be educated in the following ways:

  -- >  Your team must be trained on basic operation of this new platform

  -- >  Your team must learn any new processes (for example, they may not have dealt with lead nurturing functions before adopting marketing automation)

  -- >  Your team should be updated on the most current best practices for all of the platform’s functions

  -- >  Your company must have established a continuing education program, to accommodate new information/best practices as they emerge.

 

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Via Marteq
Marteq's curator insight, October 10, 2013 7:37 AM

This is just one aspect of the overall implementation of your MA instance. The WHOLE organization needs to be brought under the tent.


There are two article on btobonline.com by Nick Panayi, director-global brand and digital marketing for CSC, who implemented MA within his organization, which gives you the insight you need to plan out your implementation: go here and here to review them.

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Marketing Automation Trends - Pepper | #TheMarketingAutomationAlert

Excerpt...

 

Marketing automation is a hot topic as more B2B marketers are adopting the technology to generate more and better leads, improve marketing productivity, and increase conversion rates. But what are the current trends, challenges, and success factors for marketing automation? We conducted a comprehensive survey, leveraging the combined wisdom of over 50,000 B2B marketers in the  B2B Technology Marketing Community on LinkedIn to get answers to questions like:
- What are the biggest barriers to marketing automation adoption?
- What marketing automation benefits do marketers expect?
- How do marketers evaluate marketing automation vendors?
- How do marketers measure ROI of investments in marketing automation?

We received over 900 survey responses and distilled the survey findings into this easy to digest, information-rich report. Please feel free to share this survey with your colleagues. Thanks to everyone who participated in the survey!

 

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Via Marteq, Pedro Da Silva
Marteq's curator insight, October 1, 2013 10:02 PM

Another outstanding bit of content to assist you with your 2014 plans and budgets! I was surprised by the quality of work, even though the sample is a flawed.

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An Introduction to Marketing Automation - Building Keystones

An Introduction to Marketing Automation - Building Keystones | Digital-News on Scoop.it today | Scoop.it

Excerpt...


What is marketing automation?

 

Caitlin Marco, Marketing Automation Manager at cleverbridge, says that marketing automation provides, “a 360 degree view of the lifecycle of your customers. It gives your company the ability to communicate to customers from the moment when a visitor is introduced to your brand all the way until they convert into a paying customer and beyond.”

 

But this process is not as simple as creating a landing page, integrating some APIs and watching leads roll into your CRM. To effectively use marketing automation, companies must align internal departments, develop content strategies, qualify leads and continuously monitor results. As Marco warns, “Marketing automation success is a marathon not a sprint.” Ultimately, turning contacts into leads and leads into paying customers is crucial for all businesses, and marketing automation helps do that more effectively and efficiently.

 

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Via Marteq
Marteq's curator insight, August 7, 2014 8:28 AM

This article was a bit of a wake up call for me, as I realized that The Marketing Technology Alert is fairly advanced reading, and we ought to realize that there are many, many newbies out there. Evidence: look at the marketing automation penetration data.

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Customer Experience Matrix: Which B2B Marketing Automation Features Actually Get Used? Here's Some Data | #TheMarketingAutomationAlert

Customer Experience Matrix: Which B2B Marketing Automation Features Actually Get Used? Here's Some Data | #TheMarketingAutomationAlert | Digital-News on Scoop.it today | Scoop.it

Excerpt...

 

As you see, the only answer that’s truly consistent is that the most commonly-used feature is email – although even that wasn’t quite true in Holger Schulze’s report. This is exactly what you’d expect; indeed, my paper was inspired by the lament that many companies use marketing automation as nothing more than a glorified email engine.

The remaining rankings are nowhere near as consistent, either with each other or my expectations. I’d guess that landing pages and Web tracking would be relatively common, since they’re basic features that yield clear value and are easy to deploy. Yet both ranked towards the bottom of the list. On the other hand, nurture campaigns are often considered the most complicated and least used feature of marketing automation but ranked closer to the top. (I'll rationalize that one by guessing that people included simple newsletters and drip sequences along with more complicated nurture programs.)  Lead scoring, another advanced application, was closer to its expected position near the bottom. Analytics ranked somewhere in the middle but that hides a broad variance between surveys, which suggests it meant different things to different people.

 

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Via Marteq
Marteq's curator insight, October 10, 2013 8:35 AM

David Raab does such an excellent job tracking, reporting and analyzing on the inner working of the marketing tech industry, and I cannot wait for this report. Fascinating that Scoring and web tracking are so underutilized!

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How Automation Works: A Visual Guide - Pardot | #TheMarketingAutomationAlert

How Automation Works: A Visual Guide - Pardot | #TheMarketingAutomationAlert | Digital-News on Scoop.it today | Scoop.it

Marketing automation is a powerful tool for marketers and sales alike. However, with so much functionality and technology powering automation, it can be a little intimidating. This guide will cover major features and workflows of automation in helpful, easy-to-understand visuals. Explanations include:

  -->  Sales and marketing daily workflows

  -->  How 360 degree profiles are assembled

  -->  What lead nurturing really means

  -->  How campaigns are created, launched, and measured

 

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Via Marteq
Marteq's curator insight, October 8, 2013 9:13 PM

And it's free. Sure, it's a compilation of past content, but packaged in one, neat place.

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The Marketing Automation Problem

The Marketing Automation Problem | Digital-News on Scoop.it today | Scoop.it

Via Martin (Marty) Smith
Martin (Marty) Smith's curator insight, March 13, 2013 1:55 AM

Front End or Back End?

There is a problem with Marketing Automation. Content marketing has won the day. We are all creating enough content to drown in daily. And along comes "Inbound Marketing" or "marketing automation" with a "rub this lamp" promise. 

No magic genie is jumping out of that lamp. 

Marketing Automation's Dark Side
I have a friend trying to wrestle the marketing automation pig to the ground. What she doesn't know is the day that tool comes in here is a partial list of the demands that are currently at X and will immediately go to 5x:

 

Email Marketing
List maintenance and CANNED SPAM regulations

Email design


Landing page design

Landing page optimization 

A/B testing 

Creation of Key Performance Indicators (how you know it is working)

Monitoring and tracking of KPIs

Deep dives when KPIs are out of whack (and they will be)

Content marketing principles

Content marketing analysis (what content to create and why)

Creation of personas and segments (to feed the drips)


Developing and testing offers.
Offer performance by segment and persona. 

Offer profitability short and long term.

 

Conversion Optimization

Conversion testing (green or red button, here or there, this text or that).
Conversion analysis (what is converting and why) 

 

And on and on

 
No Silver Bullet & No Time Savings

Do NOT purchase a marketing automation tool thinking your workload or demands will go DOWN. That may be true in year 2 or 3, but year one will be HELLISH as you layer on learning a counter-intuitive tool on top of all of those Internet marketing demands outlined above. 

Where Do You Need The Help? Front or Back 

If you already know what content to create and in what cadence and for what segments and personas then you need a back end nurturing tool. Your front in traffic generation is good to go. Now you just need to know how to keep your traffic generation engine tuned to your conversion engine. 

If, on the other hand, you have NO IDEA what keywords matter, what a persona or a segment is then you need a FRONT END tool. My favorite front-end tool is HubSpot combined with Bronto to manage the email marketing. Bronto is better than ANY inbound marketing email tool, a true easy to drive Ferrari. 

 

My favorite backend tool would be either Marketo or Eloqua. Both are great lead nurturing tools especially if you have Sales Force as your CRM and a WordPress content engine. 

One Last Thought
If you error then error on the side of the front end because you can ALWAYS make money if you add resources to the front end. No front end = no leads to nurture, so bringing in a back end system when you don't have a front end and the new system just STARVES. 

How do you know if you are good to go on the front end? If you have segments defined with personas and are already firing and testing email marketing THEN you are ready for a back end system. If you don't know your keywords from a hole in the wall then you need a front-end system. 

REMEMBER - ERROR on the side of the front end because if you are good and become great at front-end content marketing your efforts to improve generate profits.

 

If you don't have a well mapped front end then no back end tool will help your content marketing (they aren't designed to search keywords, group personas and create segments since most assume those sets are known "inputs" into their systems. 

Some tools may claim equal facility at front and back end. Don't believe it. Those are very distinct sets of Internet marketing skills and tasks such as:

Front End
Mapping Keywords to competition and efficiency.
Creating personas and segments.

Understanding Unique Value Propositions mapped to personas.

Testing offers (headlines, design, time limit, offer itself).

Testing different kinds of content (video, eBook, white paper, email, newsletters, SlideShare, infographics, personalized email, calls, etc.).

 

Back End
Landing Page optimization.

Lead nurturing (drip campaigns, web visits, etc) and scoring.

Follow up systems (drips, calls, events, conferences).

Connect conversion to front end traffic generation (increase efficiency). 


These roles aren't as clean as these list make it sound, but you get the idea. If you have a good sense of your keys and customers then your biggest opportunity is to tune the funnel connecting traffic generation to conversion. If you don't have a robust content engine then start improving your font end.