MarketingSherpa Blog

One of my favorite proverbs is “Change yourself and you change your fortunes.”

Making changes that increase the bottom line starts with marketers making a commitment to change how they engage customers effectively with their tools at hand.

Tools like customer relationship management (CRM) and marketing automation systems that track user activities allow marketers to leverage behavior insights gained from captured analytics to engage both return customers and potential prospects.

But, according to Jermaine Griggs, Founder, Hear and Play Music and AutomationClinic.com, some marketers fail to put these tools to good use.

“Instead of better understanding ‘who’ or ‘what’ and letting the captured data talk to us, many of us are using CRM to send static time-based follow-ups,” Jermaine said.

Jermaine was a presenter at MarketingSherpa Email Summit 2013, and one of the key takeaways from his session at Summit was a hypothetical litmus test for marketers to self-assess their CRM and marketing automation usage.

Today’s MarketingSherpa blog post will present Jermaine’s litmus test as five questions every marketer should ask themselves about how they use CRMs and marketing automation to drive email campaigns. Our goal is to share peer insights you can use to aid your email marketing efforts.

But first, let’s take a look at a case study that provides a little backstory on how Jermaine discovered he was not using his CRM and marketing automation platform to their full potential.

Jermaine explained Hear and Play underwent a transformation when it started using its CRM and marketing automation platform to focus on personalizing its automated email marketing campaigns. The change resulted in a 416% increase in lifetime customer value and product purchases per customer from an average of 1.5 to 12.46.

“Our transformation came when we stopped using our CRM merely as a glorified autoresponder and started to really harness the power of behavioral and personalized marketing,” Jermaine explained.

Question #1: Do I have email campaign steps users can’t influence?

Jermaine suggested marketers assess their email campaigns using a ratio he calls an S2D score, or static vs. dynamic ratio.

In Jermaine’s S2D ratio:

• Dynamic sends are influenced directly by customer action
• Static sends are steps in a process that are not influenced by any customer action

Jermaine accredited increased use of dynamic sends over static sends as a driver of success in Hear and Play’s email marketing strategy reformation and suggests marketers take the time look at their data and acknowledge past customer behavior.

“It will go a long way, and there is an exponential impact on how customers respond,” Jermaine said.

Read more…

At MarketingSherpa Email Summit 2013, I was asked about the top three things marketers should do to make more effective emails by Jim Ducharme, community director, GetResponse Email Marketing …

Live blogging from MarketingSherpa Email Summit 2013 in Las Vegas, I had the opportunity to catch Loren McDonald, VP of Industry Relations, Silverpop, speak on using buyer behavior in email campaigns. His presentation was titled, “Let Buyer Behavior Be Your Guide! Delivering Communications that Convert.”

Loren opened his talk by explaining three approaches to email marketing:

• The mass market approach treats all customers as a single audience, what he described as a “hope-based” marketing approach.
• The segmented audience approach treats customers as many audiences, a marketer informed and defined approach.
• The personal marketing approach that treats customers individually and is a behavior-based marketing approach.

From this framework, he explained customer behavior drives the actions in email campaigns with the personal marketing approach.

To illustrate this approach, Loren offered a number of case study examples, including a look at a wedding invitation email series from Paper Style. In this example, Paper Style changed its approach to email marketing. Previously, it used a “batch and blast” approach with no targeting, which resulted in reduced response rates.

In implementing the behavior-based approach, Paper Style’s team analyzed website behavior from visitors, purchase patterns of its customers, mapped the wedding process to understand when typical behaviors happened and finally used this information to create a wedding timeline.

This analysis also uncovered two separate audiences – brides and friends of the bride who are helping with the wedding planning.

To segment those two audiences, Paper Style used website and/or email click behavior to drop prospects into either the “your wedding” or “friend’s wedding” email nurturing tracks.

Each track received a separate email series with content specific to each group. Brides’ email included information on invitations, bridal party gifts and thank-you notes. The bride’s friends’ track email included details on planning bachelorette parties as well as gifts for the bride and groom.

The result of analyzing its customers and developing email nurturing tracks based on behavior from its prospects led to impressive results for Paper Style: 244% boost in open rate, 161% increase in clickthrough and most importantly, revenue per mailing increased 330%.

Loren’s 10 tips for success

Along with real-world examples of behavior-based email marketing, Loren also gave the audience his 10 tips for personal marketing success:

Read more…

Originally published on B2B LeadBlog

Customer relationship management (CRM) is defined a number of different ways. However, the most expansive definition takes a total end-to-end look at every interaction a person has with a company from simply becoming aware of the company at the very top of the sales funnel, all the way through customer service contact after the final conversion to a closed deal.

With a complex sale, many personal touch points in customer relationship management are present — such as directly answering a question posted on social media or an online forum. At the same time, the real engine driving CRM and keeping prospects moving through the sales funnel is technology.

The first technology that comes to mind is CRM software, such as Salesforce.com or Microsoft Dynamics. However, CRM technology potentially includes multiple pieces including email software and marketing automation (MA) solutions.

Paul Greenberg, Managing Principle, The 56 Group, LLC, and author of CRM at the Speed of Light, said although there are some technology suites that attempt to provide these solutions through the entire sales cycle, it is much more common for companies to integrate CRM technology from more than one vendor.

A common example is utilizing marketing automation software on the Marketing side of the funnel from one vendor and integrating that piece with CRM software from another vendor for the Sales side of the funnel, with a common database providing records on each prospect or customer for both pieces of software.

Paul said this creates something of a challenge because a number of different areas in the company are involved in implementing, and utilizing, CRM technology.

Marketing, Sales (and IT) alignment

Marketing and Sales alignment should be a goal for any company to improve the efficiency of the entire complex sale process Bringing multiple pieces of technology into the sales funnel adds another element within the company — the information technology department.

“Who owns [CRM technology] is a matter of the internal culture of a company,” Paul explained. “Could it be joint ownership between two departments? It could be, as we’re seeing increasingly.”

He added, “But, we’re seeing the CMOs are starting to own a lot of IT budgets, so it could be the CMO that owns that [technology].”

At the same time, the IT department traditionally has controlled technology pieces, so the CIO could possibly own the CRM technology, allocate usage, and make functional decisions based on the business outcomes Marketing and Sales are looking for in using CRM tech.

The role of marketing automation

Linda Athans, Marketing Manager, Tribridge, stated the size of the company might dictate how many pieces of CRM technology are deployed. “Ideally, your CRM can ‘do it all,'” she said, “but depending on your organization’s size and how it uses its CRM application, additional MA integration may be necessary to handle specific tasks.”

She mentioned a few areas where MA software can help Marketing:

• Automatically sending large quantities of emails
• Performing split testing on campaigns, such as email subject lines or copy
• Providing performance tracking and analytics on campaigns

Heidi Melin, CMO, Eloqua, obviously has a certain amount of vested interest as a MA software vendor, and she pointed out the value of MA for marketers.

“By integrating marketing automation with CRM [software], companies are able to get a better picture of their buyers and a better picture of how their marketing investments impact their revenue,” Heidi said. “That’s an area where companies are understanding that they can get a competitive advantage in tying a marketing automation solution into their existing CRM implementation to get more out of their investments.”

Brian Vellmure, Principal and Founder, Initium LLC/Innovantage International, added another advantage of bringing more than just CRM software into the customer relationship management technology picture: The nature of B2B sales has changed in recent years. Before, the sales team had a great deal of control over the information flow and education of prospects.

Now, according to Forrester analyst Lori Wizdo, two-thirds to 90% of the buying cycle is completed before a B2B buyer ever speaks with a sales rep.

Marketing automation helps the marketing team track prospects’ behavior, such as website visits and social media interaction, and then respond to that behavior with what the prospect is looking for, at the time they are looking for it and on the channel where they are looking.

“Then, [Marketing] offers an invitation to the next place on the prospect’s journey. I think that’s where marketing automation comes into play,” Brian explained.

How does your company handle CRM technology? What department “owns” each technology piece? We’d love to hear your thoughts and insights in the comments section.

Related Resources:

CRM How-to: Tactics on Marketing/IT alignment, database strategy and integrating social media data

Marketing Research Chart: Social CRM is increasingly important for managing social customer relationships

Defining CRM: Thoughts from three experts

How Technology on the Trade Show Floor Can Help Your Sales Team Work Smarter and Sell More

Lead Nurturing: 9 questions answered on lead qualification, nurturing, and Marketing-Sales alignment

Looking toward the upcoming MarketingSherpa Email Summit 2013 in Las Vegas, February 19-22, I want to present some research on consumer opinions about email marketing conducted by Emailvision and YouGov.

The survey was conducted online in early November 2012 through the YouGov Plc GB panel involving consumers in the United Kingdom. Panelists received emails inviting them to take part in the research. The total sample size of 2,001 adults was weighted to be representative of all Great Britain (GB) adults (defined as 18+ from the UK panel).

To provide insight into what the research uncovered and to offer advice on what B2C marketers can take away from the results, I reached out to Leah Anathan, Corporate Marketing Director, Emailvision.

First, the results of the survey …

The YouGov and Emailvision research sheds light on the missteps marketers might be taking that can bring about brand resentment. After asking consumers for their opinions on marketing correspondence, the study found the following:

• 75% reported they would resent a brand after being bombarded by emails.
• 71% cited receiving unsolicited messages as a reason to become resentful.
• 50% felt getting their name wrong was a reason to think less of the brand.
• 40% remarked that getting gender wrong would have a negative impact.

With better segmentation and targeting, marketers can avoid these pitfalls; however, this is a challenge when consumers remain unwilling to give even basic information:

• Only 28% indicated they would be willing to share their name.
• Only 37% would be willing to share their age.
• Only 38% would disclose their gender.

Read more…

I recently came across research from AWeber that found 68% of small businesses plan on increasing their marketing budget in 2013, and a full 97% plan on at least maintaining their current level of marketing spending.

That’s a very solid majority of small businesses that are putting more money into their marketing efforts.

“We believe that’s linked to a more positive economic outlook,” says Hunter Boyle, Senior Business Development Manager, AWeber. “There was plenty of uncertainty in 2012, but SMBs are resilient, and 58% said they were optimistic about revenue growth for the 2012 holiday season.”

He adds, “Plus, 47% said they felt the economy had changed positively last year. Looking ahead, when marketers are more upbeat, and seeing the value and returns from channels like email, they’re more confident and, in turn, more willing to invest in effective channels.” (Hunter Boyle will be speaking in an industry perspective session – “Breathing Life (and ROI) Back Into Your Email Marketing” – at MarketingSherpa Email Summit 2013 in Las Vegas).

The AWeber research got me thinking. At MarketingSherpa, our usual goal is to provide examples and ideas marketers of any size company might be able to find “transferable principles” that can help ease their marketing pain points, or shed light on potential marketing opportunities.

Since small businesses are reporting an increase in the marketing budget, this MarketingSherpa blog post (and part two, which will be published on the MarketingSherpa blog tomorrow) focuses squarely on small- and mid-sized company marketers and feature tips and tactics geared for the SMB marketer.

To gain some insight into where SMB marketers should focus in 2013, I reached out to industry experts in the SMB sector.

For today’s post, here is Rick Jensen, Senior Vice President, Chief Sales and Marketing Officer, Constant Contact, on SMB marketing in 2013.

  Read more…

Recently, I had the opportunity to speak with Julie Schwartz, Senior Vice President of Research and Thought Leadership at ITSMA (Information Technology Services Marketing Association), and Laura Patterson, President of VisionEdge Marketing. Both were involved in recent marketing research, 2012 ITSMA/VEM Marketing Performance Management Survey: The Path to Better Marketing Results.

The survey was conducted during the summer of 2012 via email and social media invitation through Twitter and LinkedIn, and included 405 completed surveys.

Here is a chart outlining details of the respondents:

Click to enlarge

All respondents were analyzed by company type, company size and by a self-grading system (grade results included, and note that “D” was the lowest possible grade):

• A – Marketing demonstrates contribution to the business: 25%

• B – Marketing makes a difference, but contribution is not measured (these marketers were considered “middle of the pack”): 33%

• C and D – Marketing may have an impact, but not known if impact is material (these marketers were considered “laggards”): 33% for “C” and 9% for “D”

Click to enlarge

Here are the key takeaways from the research:

• Marketing’s satisfaction with its ability to measure, analyze and improve performance is shockingly low

• Marketers are caught in a downward spiral as they report past performance to continually prove the value of marketing

• A few exceptional marketers have cracked the code; they excel across the board in data, metrics, processes, tools, analytical skills and reporting

• These grade “A” marketers can clearly demonstrate their value and contribution to the business

• The number of “A” marketers has remained relatively constant over time, but we see a decline in the number of “B” marketers

Because the heart of this research was marketing performance management, the self-described grades listed above were created by the key question: What grade would the C-suite give your marketing organization for its ability to demonstrate its value and impact on the business?

Read more…

According to the MarketingSherpa 2012 Lead Generation Benchmark Report (free excerpt at that link), 71% of survey respondents indicated that generating high-quality leads was a top challenge.

So, in today’s blog post, let’s look at lead generation budget trends (hint: money is moving to online tactics) and provide some resources to help you make wise use of that budget.

To help you get the most effective use of your budget, here are several case studies and how-to articles for some of the tactics mentioned in the above chart.

  Read more…

I interviewed a variety of email marketers at Responsys Interact 2012 last week and learned about more tactics than I could ever fit into a blog post. That said, here are three insights I pulled from some of the best interviews I had last week (Full Disclosure: Responsys sponsored my attendance of this event).

Display will rise again

Now that companies can target display ads to individuals across a variety of websites, display is poised to make another comeback, says Scott Jones, General Manager of Display, Responsys.

The reason, Jones says, is that marketers can incorporate display into cross-channel and lifecycle marketing programs and use it to send a targeted message to a single person. He sees display ads improving results for email marketers in the following three ways:

Read more…

Hey marketers of 1985 … imagine if you could overhear many of your potential customers’ conversations in an ethical way. Why, if they had an interest in buying a product or service in your category, you could just reach out and start a conversation of your own. This would be way cooler than a hoverboard or flying car (although not quite as cool as the Mr. Fusion Home Energy Reactor).

Of course, the year is 2012, and we’re now living the dream. On social media, people open up their conversations to the world about what they want to buy, where they want to go, and what they’re trying to crassly self-promote. But how many marketers take advantage of listening combined with proactive social touches to act on these conversations? Here’s a real-life example of how it can work. So I tweeted …

Most people probably just saw my tweet as a crassly self-promotional attempt to brag about the beautiful March weather here in Jacksonville while trying to poach top marketing talent from frigid northern locations and let them know about the job openings here at MECLABS. (wink, wink)

However, one clever marketer saw an opportunity of a different kind …

Read more…