MarketingSherpa Blog

Last November, we published a how-to article in the MarketingSherpa B2B Newsletter titled, “CRM How-to: Tactics on Marketing/IT alignment, database strategy and integrating social media data.” As you might guess from the title, the article covered a range of customer relationship marketing concepts. To get the insights presented in the piece, I spoke with six industry experts.

With all of this great information at hand, I faced a common “problem” that crops up when researching multi-source MarketingSherpa articles – after writing a thorough how-to article, I still had a huge amount of great material that just didn’t make it into the piece. The solution? Offer those insights in a couple of additional blog posts.

Here on the MarketingSherpa Blog, we published, “Defining CRM: Thoughts from three experts,” a deeper look into how different industry experts actually define the term “customer relationship management” (and a fascinating group of opinions that might change the way you think of CRM), and another on the B2B Lead Blog, “Sales and Marketing: The technology behind CRM.”

Today, I’d like to offer more insights into CRM, and also add another industry expert to the entire mix, Lou Guercia, President and CEO, Scribe Software, a data integration and migration software company.

4 doors into the company

One key distinction covered in the post on defining customer relationship management was between CRM as simply a technology piece of software that might be as narrowly defined as the software utilized by Sales, or CRM technology embracing marketing automation and email technology as well, compared against CRM as a holistic customer lifetime experience that takes into account marketing activity, sales actions and customer service.

Even though he is coming from a very data-centric perspective, Lou said he sees CRM from the customer lifetime perspective.

He explained the four touch points, or “doors,” for customers interacting with your company:

• Marketing
• Sales
• Support (customer service)
• Finance

“What can we do to do support customers better?” Lou asked. “Think through what would be the data requirements and the workflows that would allow our business to service those customers through those four doors to the company in a way that would make those customers happy and more likely to continue to use our product or service.”

In the list of “doors,” I found it very interesting Lou added finance. Customer service is often mentioned in the holistic view of CRM, but from a customer touch point perspective, and maybe even more importantly from customer data perspective, how that person interacts with the finance department is a very important piece of the customer lifecycle.

The largest section of the original how-to article we published was on the database, and whether companies should keep separate databases for Marketing and Sales.

The opinion was mixed, with one expert, Brian Vellmure, Founder, Initium LLC/Innovantage International, splitting the difference suggesting one, or two, databases should be determined on a case-by-case basis, even though he did suggest there needed to be some way to merge all data for the ability to perform end-to-end data analysis.

Lou said a CRM implementation strategy should include integrating the Marketing and Sales databases if those are not already in sync, but the next stage would be to integrate the accounting and financial data into that overarching database as well.

With this total insight into the individual customer, if a database record changes for any reason at any point in the customer lifecycle – as a database prospect, after the handoff to Sales as a qualified lead, or at the account level post-conversion to a customer – the database everyone is using contains the correct information.

This means Marketing and Sales continuing efforts in up-selling, cross-selling and ongoing brand awareness understand, and can react to, changes in that customer’s status – maybe their phone number, job title or possibly even company changed over time.

The cloud and big data

As a marketer you might be thinking, “Oh man, first I have to get aligned with Sales and get all of us playing in the same data sandbox, and now I have to think about adding Finance to the mix?”

Lou suggested any CRM implementation strategy should be handled incrementally, and there’s no need to “boil the ocean” and try to do everything at once. At the same time, there needs to be an overall plan for the implementation.

He said, “If you think it through from a process level:

• What are we trying to do?
• What can we improve on?
• What feedback have we heard from these customers?
• How can improve the way we work with those customers and prospects?
• What are the data elements that we are going to need to do that and then have an actionable, prioritized plan?”

The implementation should be based on an overarching plan, and he said to avoid being so tactical that urgent problems get fixed without a framework in place for the entire process.

From a data perspective, one relatively new technological solution is out there.

“One factor that is impacting the market for adopting this kind of strategy is the rampant growth of cloud services,” Lou said.

He added the cloud provides the ability to link data from sources ranging from sales and marketing automation technology, call center systems and even accounting and finance.

Lou said one school of thought regarding another hot term right now – big data – is the idea of “give me every bleeping piece of data under the sun, and I will have smart algorithms that will figure out where to get some patterns.”

“I think that’s great for IBM,” he explained. “What I am about is relevant data sets. What are the types of data that you would want that can be reasonably well parsed through and used by organizations.”

He added big data is about finding patterns in unstructured data that will be helpful to the business, and marketers probably know what data they want for better access into customer insights. The challenge is managing big data in a coordinated way.

“Maybe I am not about ‘big data’ in the classic sense, but more [about] relevant use of bigger data, not vast data,” Lou explained.

Brian Vellmure, the advocate of allowing corporate culture to determine the database strategy, provided another perspective on actually handling big data for marketers:

Big data will allow us to obviously understand our customers better.

If we can understand who they are, who they are interacting with, where they go, what they are interested in beyond our products and service offering, and what their normal day in a life is, then obviously, we have a potential to bring them the right message at the right time.

It is not intrusive. It is not annoying, and it also allows us to find patterns that we didn’t even know to look for before.

Read more…

In the MarketingSherpa 2013 Email Marketing Benchmark Report, we asked email marketers how they use automation capabilities …

Q: What type of automated, event-triggered, lifecycle email messages does your organization deploy? Please check all that apply.

As always, we asked the MarketingSherpa audience for their actionable advice based on this data. We received two interesting tips from Richard Hill and one from Chris Hexton …

Nurture current customers

Most marketers use automated triggered emails to strengthen relationships with early-stage buyers (i.e., for ‘lead nurturing’).

However, one of the most under appreciated opportunities is to use triggered emails to strengthen relationships with current (and recently lost) customers:

• Advocate social referral
• Contract renewal reminder
• Product education/training
• Customer service issue management
• Low product usage alert
• Upsell/cross sell
• Win/loss
• Net promoter score segment migration
• Win-back campaigns

All of these “customer nurturing” programs represent great ways for modern marketers to re-balance their approach, and use trigger emails (and marketing automation tools) to more consistently support the whole buying journey.

Read more…

If you’ve been a reader of the MarketingSherpa Blog for a while, you know I think passion is an important part of a marketing job. After all, how can you really sell a product to potential customers unless you are passionate about it, too.

That said, a marketing job is still, well, a job. If we were all independently wealthy, we might not be as motivated to take the morning train to a marketing department every day and leave our families.

So, today’s blog post is about filthy lucre. Or, to be more specific, marketing salaries.

Wendy Weber, President, Crandall Associates, Inc., has allowed us to post the 2013 Digital Marketing National Salary Guide  for free download for readers of the MarketingSherpa blog. Just click that link and the PDF will instantly download. There is no squeeze page or form fill of any kind required.

I asked Wendy about what she learned while conducting research to put together the company’s 2013 salary guides. Here is what she had to say …

MarketingSherpa: Why the new addition of social media positions?

Wendy Weber: Many companies initially held back on hiring social media marketers. They questioned whether social media was a passing fad, and since it can be difficult to quantify and monetize, they chose not to devote resources towards it.

However, social media has only grown as a marketing tool, and at this point we can conclude that it is most certainly here to stay. Big corporations, as well as your local pizza parlor, want “likes” on Facebook, and most companies of any size now have the capability to respond to customer service issues through Twitter.

The actual resources being devoted to social media vary tremendously from one organization to another. Some companies are allowing interns to maintain the corporate social media presence, and others are paying six-figure salaries to social media teams.

Just as companies who didn’t establish a website back in the 1990s eventually accepted the online channel as a new order of conducting business, companies who didn’t accept social media as a marketing channel that is “here to stay” are now realizing that they need one or more dedicated social media professionals on staff.

A truly experienced social media professional is hard to find; many fancy themselves social media pros, but few can deliver.

Job descriptions vary widely; in some organizations social media is more focused on blogging. In others, it may be more focused on Facebook contests or Pinterest … and pay varies significantly, also. Read more…

With a new upscale product line, Michaels Stores decided to look toward harnessing the considerable power of its 150,000 followers on Pinterest, where the marketing team fosters “tremendous engagement,” according to Robert Freeman, Director, Digital & Social Marketing, Michaels.

This was the challenge for Michaels – to use those followers to build awareness on the platform for its new upscale line of frames, the “Platinum Collection from Studio Décor,” as well as driving engagement within their Pinterest audience.

Michaels decided to capitalize on its social media audience by launching a contest on Pinterest to users in both the United States and Canada – the “Pin It to Win It” campaign.

Freeman said Michaels chose Pinterest as the platform for launching this contest because it made sense on three levels:

1. The new frame collection seemed like the right type of product to bring to this audience because, “First, Michaels has seen = Pinterest users are looking for project inspiration and are highly engaged with inspirational content on Pinterest,” he said.
2. Michaels found Pinterest users enjoy engaging in promotions, especially those that are compelling and easy to enter.
3. Pinterest provided an environment in which Michaels could showcase its products “both contextually and visually, to increase interest in the product,” he concluded.

With simplicity as one of the main objectives for the campaign, there were only a few key steps for users to participate in the contest.

The prize chosen were two $500 gift cards to Michaels to “to build your own display wall!” and the process for entering was threefold:

• Follow Michaels Stores on Pinterest
• Fill out a form asking for name, email address and postal code
• Pin the image of “our new Studio Décor Platinum Collection”

At MarketingSherpa, we are often asked:

• Are my open rates low?
• What is the ideal conversion rate?
• Why do I have a high unsubscribe rate and how can I improve it?

Unfortunately, these are the marketing equivalents of “What’s the meaning of life?” While some blogs might have a pithy response with the perfect solution usually involving the product they sell, much like the meaning of life question, the answer likely varies based on your unique situation.

But … I can help you answer these types of questions for yourself, by answering this question we received from Jim on a recent email marketing webinar …

• What is the biggest mistake people are making in today’s environment?

To me, every marketing campaign (and really, everything we do in life) can be improved by taking these three steps …

1. Learn
2. Test
3. Iterate

In today’s MarketingSherpa blog post, I’m going to focus on the “learn” step, because I sometimes feel marketers don’t cast a wide enough net during this crucial step. And, that’s what we do here at MarketingSherpa – we help you learn.

Of course, once you have new ideas about what might work for your company, test them. In this way, you can try some really radical ideas to drastically improve results while mitigating risk. Our sister site, MarketingExperiments, can teach you more about testing.

And, of course, iterate. Or as the shampoo marketers like to say – repeat. What works now will not necessarily work in the future. The marketplace is not static. You must constantly learn new ideas, and try them out.

Learn

Here’s where MarketingSherpa can help. We can give you examples of what other marketers have learned through case studies and how-to articles, webinars, Benchmark Reports and blog posts such as this one.

When we look for case studies to write, we cast our net far and wide. This is where some marketers struggle. Unless the case study subject is from the same exact niche they serve, sometimes they struggle in finding the transferable principles.

On the flip side, when the case study is about a subject from the same exact niche, sometimes marketers overemphasize whether these lessons will work for them. Even if they are in the same niche, after all, they may have a very different value proposition.

So, as you try to address these challenges, ask yourself:

• How are you learning from other marketers?
• What biases are holding you back from learning from other marketers?
• Are you overvaluing marketing tactics your competitors are doing simply because you’re in the same space?
• On the flip side, do you undervalue tactics your competitor is doing because they “play for a different team?”
• Do you look outside of your particular industry to bring new marketing ideas to your space?
• What biases do you hold against tactics other marketers use outside your industry (B2B vs. B2C, for-profit vs. nonprofit vs. political)?
• What biases do you hold against tactics other marketers use based on your personal opinion of their product, service or cause?

So, let me give you some examples …

In Thursday’s MarketingSherpa Inbound Marketing Newsletter, we distributed a case study called “Search Engine Marketing: E-commerce site turns an 82% bounce rate around for a 400% conversion increase.” I really like this case study because it covers one of those common, all-encompassing questions we often receive:

• Why does my landing page have a high bounce rate?

Learn from marketers in any industry

This case study is about how Tops Products answered that question, and the resulting improvement in conversion rate. If a marketer saw the case study was about an office supply company, and they were perhaps a B2B service provider or a brick-and-mortar store, they might overlook the key transferable principles.

Tops Products was getting a huge bounce rate because the great inbound link it was sending people to the wrong page. After using a 301 redirect, Tops Products reduced bounce rate 39% and increased conversion 400%. That lesson is helpful to marketers in any industry.

Read more…

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…

Game on! There are 120 million people enrolled in travel rewards programs and more than 200 million play reward-based online games, according to Bunchball.

To help you get started with your own gamification app, here are three tips. Since gamification apps are such a new and emerging tactic, we would love to hear your thoughts in the comments section of this MarketingSherpa blog post, as well.

Tip #1: Provide value in game form

For a gamification app to help your content marketing, it should tie into the value your paid products or services offer. All paid products or services do one of two things:

• Help a customer alleviate a pain point
• Help a customer achieve a goal

In content marketing, you translate the value your products have in these two areas into some form of content, like a video or blog post.

With a gamification app, you take that value one step further by making pain point removal or customer goal achievement fun, and add a reward.

There may be many obvious ways to do this if you have a consumer brand. However, B2B marketers often tell me they find it challenging to produce engaging, or dare I say, fun, content.

Let’s take an example. Imagine if you sold manufacturing solutions. To engineers and plant managers. Sounds boring, right?

Well, Siemens turned that combination into an engaging game called Plantville. To learn more about it, and get ideas for your own games, read “Gamification: How Siemens got 23,000 engineers to learn about its brand.”

Read more…

At MarketingSherpa Email Summit 2013, I grabbed Manny Ju, Director of Product Management, BlueHornet, and asked him about mobile email marketing for our latest episode of Marketing Research in Action …

Here is a closer look at some research Manny shared. First, Manny discussed research from the MarketingSherpa 2012 Mobile Marketing Benchmark Report (Full discolosure: BlueHornet is the sponsor of this Benchmark Report, and was a sponsor at Email Summit 2013). As you can see, increasing sales conversion/revenue is the top business objective for mobile marketing.

Q: What are your TOP BUSINESS OBJECTIVES for mobile marketing in the next 12 months?

In the MarketingSherpa 2012 Email Marketing Benchmark Report, financial return on investment (quantitative return on email investment) was the most important objective as well …

Q. As CMO or the senior marketing executive in your organization, how important are the following factors in helping you determine and communicate the value of email marketing programs?

  Read more…

Despite Super Bowl ads promoting the misconception that social media marketing is full of clueless hipsters, the social media marketing channel provides a wealth of data marketers can use for analytics to optimize and improve campaigns.

Jay Baer, President, Convince & Convert, in his keynote presentation at the recently held MarketingSherpa Email Summit 2013 in Las Vegas, even made the case that email marketing and social media marketing are similar in three main areas:

• Operations and measurement
• Channel and audience
• Message and content

Jay went on to describe social media as email “with a fresh coat of paint.”

So, if you accept Jay’s analysis – and he makes a very sound point on the topic – email, the elder statesman of digital marketing, and social, the new kid on the block, are more similar than different.

When you take “measurement” from the first bullet point in mind, email metrics are likely fairly ingrained for most marketers – open rates, clickthrough rates, unsubscribe rates, list building, etc.

To take a closer look at social media marketing metrics, I turned to the recently published MarketingSherpa 2013 Marketing Analytics Benchmark Report and found this chart:

And, here is commentary from Brad Bortone, Senior Research Editor, MECLABS, and editor of the report:

HOW ARE MARKETERS TRACKING SOCIAL MEDIA MARKETING METRICS?

Despite the fact that only 48% of surveyed marketers tracked social media marketing metrics, those who did were tracking a wide breadth of social tactics, with social reach (e.g., total followers, “likes,” etc.) being the most reported at 61%. This is likely the highest performer because these metrics are obtainable directly from the social media outlet in question.

This immediacy was beneficial to Mary Morel, Director, The M Factor Pty Ltd, who said social media enabled her the ability to, “concentrate most on regularly providing valuable information to build brand and watch Facebook stats, Twitter followers, Google Analytics, e-newsletter opens, subscribes and unsubscribes, and blog stats.”

Likewise, traffic referral data (49%) is information available from the social media outlet, and from link-tracking tools.

Read more…

In our just-released MarketingSherpa 2013 Email Marketing Benchmark Report, we asked marketers about new email marketing developments for 2013 …

Q: What new developments will affect your email marketing program in the next 12 months? Please select all that apply.

As always, we asked your peers what they thought of this data. Here are three takeaways from their feedback …

Takeaway #1: Use mobile marketing and social media to engage a younger demographic

“In our market, loyal customers are getting older so we are focused on mobile and social as a way to communicate with younger customers to increase their loyalty. Spot on!!” said Randy Kobat, Vice President and General Manager, Strategic Initiatives.

Takeaway #2: Consider mobile design, not just content

“Mobile is dead on with our strategy and focus. We are developing programs with mobile in mind not only through content, but design. How have you faired with responsive design in email? Have you seen engagement go up?” asked Ivan Printis, Email Product Manager, Gannett.

At MarketingSherpa Email Summit 2013, I moderated the Mobile Email Panel, in which Laura Velasquez, Marketing Program Manager, REI, shared the retailer’s experience with responsive email design.

Below you can see how the emails display differently on an iPhone thanks to responsive design.

Default on iPhone

Responsive on iPhone

Results

The above charts show the results of A/B testing the responsive design email versus a traditional email, and you can see how Laura’s team was able to improve open rates with responsive design.

Laura also noted while mobile was slowly increasing as a percent of all opens of REI emails, the largest increase came after the change to a responsive layout.

For those looking to move to a responsive email design, Laura suggested marketers shouldn’t only focus on making mobile-friendly changes and creating a template, but they should also look at change within their organization. She advised marketers to have discussions with key stakeholders so they understand how their email messages will be affected.

Read more…