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Welcome to Revenue Rockstar Unplugged
© 2011 Marketo, Inc.
Radisson Blu Royal Hotel- Dublin
Agenda 10.00am-10.45am – Sales & Mark Alignment – Darragh Quinn
10:45am-11:15am – DEMO – Andrew Connell
11:15am-11:30am – Break
11:30am-12pm – Customer Greatest Hits – Colm Mulcahy
12pm-12:30pm Measurement & Analytics– Darragh Quinn
12:30pm- 12:40pm – Q&A – Darragh/Andrew/Colm
12:40pm-1:30pm – Lunch/Networking
© 2011 Marketo, Inc. All rights reserved.
Sales and Marketing Alignment – Accelerate your Revenue
© 2011 Marketo, Inc.
Darragh Quinn: Account Manager Ireland
Meet Marketo
Salesforce - Best Marketing Automation
Marketing Automation and Revenue Management Cloud based solution that helps companies
Expand lead flow
Increase sales effectiveness
Optimise sales and marketing investments
>1800 customers; 140% YOY growth New EMEA HQ to support growing European base
Best Marketing Solution
Best Marketing and Sales 2.0 Solution
Who’s Who in BtoB Marketing Solution Winner
Marketo Impact Spans All Markets Manufacturing &
Hardware Healthcare Business & Pro Services Communications Finance &
Insurance
Non-Profit and Education Software
Buying Has Changed Forever
SALES REP SALES REP
BUYER
OLD DAYS: INFO SCARCITY 1960s – Recent
TODAY: INFO ABUNDANCE
Increase Revenues by 40% Half of which flows to bottom line
Customers Succeed Across Every Major Metric
22% Increase in qualified leads
21% More leads convert to opportunities
Grow number of opportunities
15% Reduction in customer acquisition cost
Optimize ROI
2011 Survey of over 250 customers.
17% Increase in win rate
12% Increase in deal size 7% shorter sales
cycle
Improve Sales Productivity
Marketo’s Revenue Cycle
All
Nam
es
Pros
pect
&
Recy
cled
Lead
AWA
REN
ESS
Enga
ged
Opportunity Customer
Sale
s Le
ad
MQL SAL
SQL
Nurturing Database
Marketing SDR Sales
Marketo’s Revenue Cycle
All
Nam
es
Pros
pect
&
Recy
cled
Lead
AWA
REN
ESS
Enga
ged
Opportunity Customer
Sale
s Le
ad
MQL SAL
SQL
Nurturing Database
Marketing SDR Sales
Names are just names.
Marketo’s Revenue Cycle
All
Nam
es
Pros
pect
&
Recy
cled
Lead
AWA
REN
ESS
Enga
ged
Opportunity Customer
Sale
s Le
ad
MQL SAL
SQL
Nurturing Database
Marketing SDR Sales
Meaningful interaction with us.
Marketo’s Revenue Cycle
All
Nam
es
Pros
pect
&
Recy
cled
Lead
AWA
REN
ESS
Enga
ged
Opportunity Customer
Sale
s Le
ad
MQL SAL
SQL
Nurturing Database
Marketing SDR Sales
Qualified, engaged potential buyers.
Marketo’s Revenue Cycle
All
Nam
es
Pros
pect
&
Recy
cled
Lead
AWA
REN
ESS
Enga
ged
Opportunity Customer
Sale
s Le
ad
MQL SAL
SQL
Nurturing Database
Marketing SDR Sales
Showing buying signs or significant engagement.
Marketo’s Revenue Cycle
All
Nam
es
Pros
pect
&
Recy
cled
Lead
AWA
REN
ESS
Enga
ged
Opportunity Customer
Sale
s Le
ad
MQL SAL
SQL
Nurturing Database
Marketing SDR Sales
Qualified as sales-ready by a human.
All
Nam
es
Pros
pect
&
Recy
cled
Enga
ged
Lead Nurturing
Why Lead Nurturing: Stay in Touch
“The art of maintaining permission to stay in front of your buyers as they educate themselves”
Building relationships with qualified prospects regardless of their timing to buy, with the goal of earning their business when they are ready.
Lead
Opportunity
Sale
s Le
ad
MQL SAL
SQL
Lead Nurturing Relevance
A
B
C
D
1 2 3 Stages
2. BUYING PROFILES • Industry: 82% • Role: 67% • Company Size: 49% • Geography: 29 %
1. BUYING STAGES • Early (Pre-MQL) • Mid (MQL) • Late (Opportunity) • Customer
The Value of Lead Nurturing
Fast Leads ( MQL <1 mo)
Slow Leads (MQL >1 mo)
Total Leads (MQL)
Cost / Lead (MQL)
Without Nurturing 20% 6.67% 26.67% €206.00
With Nurturing 20% 20.0% 40.0% €137.50
Source: Actual Marketo data; €55 assumes per prospect
Marketo ROI Results
Results: 50% more marketing qualified leads from lead nurturing
A Framework for Lead Scoring Explicit
What the prospect tells you Inferred
What you observe or infer
Fit Are you interested in them?
• Demographics • Firmographics • BANT
• Data quality • Corporate vs. personal
email • Location
Interest Are they interested in you?
• BANT
• Latent behaviors (engagement)
• Active behaviors (sales readiness)
Interest Scoring - Examples
• Early stage content +3 • Attend webinar: +5 • Visit any webpage / blog : +1 • Visit careers pages: -10
• Pricing pages:
• +10 regular, +15 detailed • Watch demos:
• +5 overview, +10 detailed • Mid-stage content +8 • Late-stage content +12 • Searches for “Marketo” +8
SLA’s - No Lead Left Behind
Day 0 Notification
Day 1 If untouched, reminder
Day 2 If untouched, reminder cc boss
Day 3 If untouched, alert executives
Day 7 If stale, reminder
Day 8 If stale, reminder cc boss
Day 9 If stale, alert executives
Marketo Prospect Generation 1H2011 Source Prospects Cost % Lead Velocity
(Days) Lead to
Opp Index 3rd Party Email Blast 9,049 $36 20% 32 0.5 Trade Show 3,786 $36 22% 29 1.8 Trade Show – Virtual 3,125 $18 17% 48 1.0 Paid Webinar 1,971 $71 26% 33 0.7 PPC 1,494 $135 45% 15 1.8 AppExchange 1,128 $41 72% 3 2.4 Content Syndication 881 $69 18% 29 1.2 Social Media 588 $94 33% 16 0.2 Other Paid 1,645 $45 25% 32 0.9 Website/Inbound 5,133 58% 9 1.9 Referral / WOM 564 21% 32 1.4 Sales Prospecting 349 19% 71 3.9
Key Takeaways 1. 70% of qualified prospects are not ready to buy when
you meet them. Nurturing is critical.
2. Listening to your prospects is key as is relevant content
3. Getting on the same page with sales, agreeing processes so no lead gets left behind
4. Focusing on the entire revenue cycle, not just the top of the funnel
5. Use forecasting to turn marketing from a cost center into a revenue driver
6. Growing revenue by making sales more productive, setting sla’s
eSpatial
Colm Mulcahy Head of Sales and Marketing, eSpatial Ian Stanley Online Marketing Manager, eSpatial
Share our experiences and journey, and how implementing Marketo has:
• Provided valuable new world marketing knowledge • Provided direction for our online marketing thought processes • Provided us with rapid ROI
Why are we here today?
Established mapping software company, serving global clients since 1997
Selling specialised, server- based mapping software
Using the enterprise sales model to sell to a small number of high-value clients
Our Background 1997-2009
Our New Direction 2011
Delivering intuitive, affordable mapping software to the general business market
Leveraging SaaS delivery to provide flexibility & keep prices low
Using the inside sales model to sell to a large number of clients
Implement a high-volume lead generation strategy focused on free trials
“Easy, Affordable Maps & Insights in Minutes”
Business imperatives
Increase sales
Improve customer service
Streamline supply chain
Increase operational effectiveness
Geographic business intelligence applications
• Analyse buying patterns • Locate customers • Understand drive- times • Manage marketing campaigns • Track competitors •Manage sales prospects • Sales territory management
• Support desk: find an agent • Call centre support • Service availability • Customer self- service • Fault reporting • Citizen information
• Site selection (manufacturing, distribution, retail, etc.) • Delivery network optimisation • Logistics planning • Routing • Fleet/ shipment tracking • Emergency planning
• Asset planning • Engineering • Asset maintenance • Work order management • Mobile workforce management • Service delivery • Risk mitigation • Tax planning
Example Business Uses
300% increase in traffic Website traffic went from 300 to 1,200 visits per day
Success Metrics – Website Visitors
980% increase in lead volume Leads went from 5 to 54 leads per day
Success Metrics – Free Trial Leads
What Challenges?
Managing volume Quality, priority, duplication Communication, education Reporting
Making sense of our data Identifying patterns, trends, success Lead profiling and segmentation
There were only two options
People or systems
Legacy Processes
Inefficient, incomplete, unreliable We required advanced, automated workflows and communications
Manual sorting/prioritising
Manual communications
Export, Update, Import
Manual segmentation
Manual data capture
Legacy Systems
Disjointed Systems and Data We required a more holistic view of users, and a more integrated system to manage data
CRM
Webinars / Demos
Email marketing
Identifying quality Communications
Mass updates
Analysis / Reporting
New Requirements
Automated communications Intelligent lead scoring Integrated email marketing Automated segmentation Automated business rules Better insight into user activity Robust, reliable reporting Holistic view of users/lead/opps/customers
Integration was key One source of data based around the lead/contact
Marketo Features
Many of the features we required
Lead Management Lead generation Lead nurturing Lead scoring Applications Email marketing Landing page and email design suite Website monitoring Social media marketing
Marketo Features
Visible to sales in Salesforce
Sales Insight/Salesforce Integration
Behaviour tracking Interesting Moments Anonymous web traffic analysis Automated alerts Automated segmentation
Automated Emails & Alerts
Instant visibility for sales Sales understand leads better, and leads get timely responses from sales.
Automated email
responses
Automated internal alerts
Intelligent Lead Scoring
Automatic prioritisation of leads Based on the rules we define
Based on product
interaction
Based on web activity
…or based on form input, inferred data or any other data source!
Integrated Design Tools
Powerful, but easy to use tools All user entered data is automatically synced to the correct record in Marketo/Salesforce
Design landing pages and emails
With an easy to use visual editor
Webinar Management
Personalised invitations and follow-ups Without having to export from and import to different systems
Workflows that talk to
GoToMeeting
Automated Workflows
Save time and energy for the best leads Allow sales to focus on the high value, high quality leads
Workflows that update Salesforce
fields
Based on data entered
into a web form
Automated Segmentation
Less time segmenting data More time analysing the results and taking action
Identify lead source based on rules Automated dashboard
for “Marketing Channel” conversion rates
Update SFDC “Marketing Channel” field
Measuring Engagement
User behaviour insight Understanding users by tracking how they use our service
User logs in to the trial
Trigger actions
Marketo workflow actions 1. Log an “Interesting Moment” 2. Send an alert to lead owner 3. Count “Total logged in number” in SFDC
Marketo Activity Logs
Complete log synced to Salesforce
Absolute visibility View any interaction with eSpatial.com and emails, any changes to scoring and/or data
Marketo Sales Insight
Same environment, with richer data Sales have access to all of the additional user data within the comforts of Salesforce
Lead score and urgency logged for each lead/contact
Complete activity log of actions we want to track
Marketo Sales Insight
Analyse the entire lead database at a glance View highest scoring leads or most active leads in a single configurable view
Leads organised by “Best Bets”
Integrated Systems Salesforce
*Email Marketing
*GoToWebinar
*Automation *Scoring
eSpatial
*Web & Product Analytics
One user centric source of data View, edit, analyse user data from multiple systems with a range of tools
*Via Marketo
Marketo Impact
Positive ROI in under 6 months Managing 980% more leads More educated leads 2x marketing qualified leads ⅓ cost per opportunity
Every member of Sales and Marketing team is more
efficient and has greater insight into the lead database
Marketo has given us more time to concentrate on generating leads and not managing our database
Top Tips
Quickstart teaches you everything you need to know Marketo’s support team are top class Great support from the online community Loads of great resources available Marketo content rocks!