The Yin and Yang of Content and Marketing Automation

April 4th, 2012

Last week, our President, Jeff Erramouspe (@jefferramouspe), sat down with DemandGen Report via Skype to discuss the latest trends surrounding content marketing  and marketing automation.  The focus of the discussion revolved around the symbiotic relationship between content and marketing automation . As more and more emphasis is placed on content, it is necessary to have the means to deliver it to a target audience. Jeff explains how having good content without the technology, or vise-versa is useless.  Additionally, Jeff touches on the recent release of Manticore Winter 2102 —the latest version of Manticore’s marketing automation platform—and how the content marketing trend played into its development. Click here to see the entire discussion.

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Chelsea Wertheimer

5 Tips for Impactful Lead Nurturing Programs

March 26th, 2012

Creating effective lead nurturing programs is a significant challenge for many marketing organizations.  At Manticore, we spend a great deal of time measuring and tuning our lead nurturing efforts to ensure that we are delivering the highest quality leads to our sales team.  While there are many variables to think about, we find that focusing on five key elements has the greatest impact on our overall results.  When you start your next periodic review, think about these five things to focus your overall efforts:

  • Double Check Your Lead Definitions:  Marketing and sales should be in agreement on what constitutes a fully qualified lead.  Definitions of a Marketing Qualified Lead (MQL) and a Sales Qualified Lead (SQL) may vary over time based on market conditions and business objectives. Make sure your MQL and SQL definitions are properly tuned with respect to vertical market, customer size, project timing, budget and buying cycle.
  • Check Your Buying Personas Against Real Sales Results:  Whereas lead definition generally refers to the characteristics of a target customer, buying personas define the different roles inside that customer that drive the purchase process.  The characteristics of the Decision Maker, Influencer, Economic Buyer and others can change, so review your actual closed sales from the previous quarter and adjust your personas accordingly.  For example, we saw a significant increase in the IT department as an influencer when we started selling to prospects with Microsoft Dynamics CRM.
  • Match Your Content to Persona and Purpose: If your personas change, your content must as well.  Review your existing content to make sure that it will still speak to the needs of the specific persona and buying phase.  There is a common belief that new content must be created for each new nurture or persona.  In reality, existing content can generally be refreshed, repackaged, and reconstituted so that it fits your revised objectives.  Our experience says that one major, multi-part content project per year (like the e-book referenced at the end of this blog) along with about one minor project a quarter (like this white paper about content marketing) should keep the content pump primed.
  • Look for Opportunities to Personalize the Nurture:  We like to blend a human touch with our automated lead nurture projects.  This may seem counter intuitive, but we find that inserting our demand generation representatives into a nurture program increases the conversion rate of leads into qualified prospects.  For example, we have placed follow-up phone calls after leads have downloaded a whitepaper simply to offer to answer any questions they might have about the subject matter.  While the connect rate may be low, a non-sales oriented message leaves a positive impression and increases the likelihood of further conversations.
  • Make Sure You're Creating A Journey:  Lead nurturing should engage your prospects in a digital conversation that leads them through their buying journey.  Starting small in order to learn and build off of short-term success is a smart first step.  However, at each period review, you should look to add new steps to the process, building new nurture programs that help resolve sticking points in your marketing/sales process.

Lead nurturing is critical to an efficient marketing/sales process.  It's not enough to just set-up your programs and let them run.  They require periodic review and adjustment, and focusing on the most important elements will ensure your tune-ups are effective. For more lead nurturing guidance, please see our Lead Nurturing Cookbook.

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Jeff Erramouspe

Tips for Getting from No to Yes for Marketing Automation

March 2nd, 2012

In her recent Marketing Automation Software Guide blog post “How To Convince Your Boss to Buy Marketing Automation”, Kim Roman of G5 Search Marketing does an excellent job covering the key business factors that are important to include when pitching the purchase of a marketing automation platform to your boss. She covers everything from KPIs and ROI to possible objections and more.

Kim makes it clear that while marketing automation requires a new plan of operation, training, and upkeep, the benefits to be gained from such a transformative platform are worth more than the direct and indirect costs of implementation. She accurately identifies the combination of hard facts and real buying concerns that will make the case for why your company needs marketing automation.

While Kim focuses on tangible, economic benefits in order to get approval, there are also less tangible, emotional factors that play into convincing management to get enthused about your plans.  Here are few additional things to think about:

  • Look Good to Your Buyers: B2B buyers have dramatically changed the way they purchase products and services.  Resistant to overtures from sales people early in their process, they rely on web research and social media to create a short list.  Marketing automation platforms allow you to create the inbound and outbound programs that engage B2B buyers in digital conversations that match their buying processes.  Without it, your competitors that utilize marketing automation will look much better to your prospects.
  • Look Good to Sales: The flip side to engaging with B2B buyers through a marketing automation platform is that it will dramatically improve the efficiency of your overall sales process.  Tracking the content consumed by a specific prospect, the timing and duration of his web visits, and response to email marketing offers will tell you precisely where a buyer is in his process.  The information allows sales to only be engaged with prospects that are really ready to buy, increasing sales efficiency and decreasing overall sales cycles.  The CMO will look GREAT to his sales counterpart.
  • Maximize Content Marketing Efforts: A 2011 survey by the Content Marketing Institute found that B2B marketers spend an average of 26% of their marketing budgets on content marketing.  Without a marketing automation platform, however, it is difficult to deliver the content to the buyer in the right form at the right time.  If marketing automation is the engine, content is the fuel – spending money on fuel without an engine to burn it makes no sense.  Investing in marketing automation will make the money already being spent on content marketing much more effective.

For further information on investing in marketing automation see: Whitepaper: Five Fast Payoffs for Investing in Marketing Automation  and  eBook: The Quintessential Marketing Automation Guide

 

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Jeff Erramouspe