How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased...

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Session Title KEN WINCKO Senior Vice President of Marketing PR Newswire How PR Newswire Created an Innovative Demand Generation Engine That Increased Engaged Leads by Over 20%

Transcript of How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased...

Page 1: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

Session TitleKEN WINCKOSenior Vice President of MarketingPR Newswire

How PR Newswire Created an Innovative Demand Generation Engine That Increased Engaged Leads by Over 20%

Page 2: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

Ken WinckoSenior Vice President of MarketingPR Newswire

Page 3: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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About PR Newswire

Page 4: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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About PR Newswire customersGlobal by Geography U.S. by Type of Organization

30k+ Global Customers

58%

18%

16%

6%

2%

18k+ U.S. Customers

Latin Am.

EMEA

U.S.

Asia

Canada

34%

29%

27%

7%

3%

Public

Agency

Private

Other

NonprofitRevenue

Page 5: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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A market with rapidly changing needs

Source: 2016 Edelman Trust Barometer

Page 6: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Challenges

Needed automation

Siloedchannels

Poor data

Page 7: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Execute through a new marketing framework

Data and Analytics

Technology

Processes

People

Lead ManagementSales and Service Channels

Buyers

Page 8: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Activate a buyer insight-focused cycle

A multichannel presence accelerates the buying process

PAID – EARNED – OWNED

Download at MarketingSherpa.com/

SummitSlides

Page 9: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Build on a scalable marketing infrastructure

DATA & ANALYTICS

Content

Org

aniz

atio

nal

Alig

nm

ent

Marketing Technology

Lead Management Process

Multichannel Promotion

Data and Analytics

Page 10: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Build on a scalable marketing infrastructure

DATA & ANALYTICS

Content

Org

aniz

atio

nal

Alig

nm

ent

Marketing Technology

Lead Management Process

Multichannel Promotion

Data and Analytics

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Identify key segments and personas

DATA & ANALYTICS

Growth Segment Examples

Growth Stage Boutique

EXECUTIVESPRACTITIONERS

EXECUTIVESGENERALISTS

PRINCIPALSSUPERVISORS

OPERATIONS

COMPANIES AGENCIES

PER

SON

AS

Page 12: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Identify key segments and personas

DATA & ANALYTICS

Growth Segment Examples

Growth Stage Boutique

EXECUTIVESPRACTITIONERS

EXECUTIVESGENERALISTS

PRINCIPALSSUPERVISORS

OPERATIONS

COMPANIES AGENCIES

PER

SON

AS

PRINCIPALSSUPERVISORS

Boutique

AGENCIES

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Creating content mapped to buyer journeysC

on

ten

t O

ffe

rs

Boutique Agency Principal example

Core Needs

Strategic Priority

Setting the Context

Solution Implication

Trigger Catalyst

Page 14: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Build on a scalable marketing infrastructure

DATA & ANALYTICS

Content

Org

aniz

atio

nal

Alig

nm

ent

Marketing Technology

Lead Management Process

Multichannel Promotion

Data and Analytics

Page 15: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Build an end-to-end architecture

DATA & ANALYTICS

Page 16: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Continually optimize through analytics

DATA & ANALYTICS

Content Download Heat Map

Page 17: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Build on a scalable marketing infrastructure

DATA & ANALYTICS

Content

Org

aniz

atio

nal

Alig

nm

ent

Marketing Technology

Lead Management Process

Multichannel Promotion

Data and Analytics

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Progressively profile buyers and route to sales

PROSPECT ENGAGED

QUALIFIED ENGAGED QUALIFIED LEAD

WARM

HOT

PURSUE

SECURE

CLOSED WON

Lead Qualification Stages (Marketing) Pipeline Stages (Sales)

IDENTIFY (0%)

DEVELOP (20%)

PURSUE50%

(90%)

CLOSED (100% - 0%)

SECURE

Page 19: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Progressively profile buyers and route to sales

PROSPECT ENGAGED

QUALIFIED ENGAGED

PURSUE

SECURE

CLOSED WON

Lead Qualification Stages (Marketing) Pipeline Stages (Sales)

PURSUE50%

(90%)

CLOSED (100% - 0%)

SECURE

QUALIFIED LEAD

WARM

HOT

IDENTIFY (0%)

DEVELOP (20%)

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Examples of progressive elements by stage

What are you objectives? (multi-select list)• Media coverage• Compliance/Disclosure• Content Marketing Distribution• Website Traffic• Search Engine Ranking• Reach an International Audience• Demand Generation• Other (with free text option)

Free Text:• Phone number

Pick List:• List country options

Pick List:• List state and province options

When is your next release or campaign? Pick List:• Within 48 hours• 1-4 weeks• 1-2 months• 3+ months• No planned releases

REQUIRED PHONE NUMBER

GOALS

COUNTRY

STATE/PROVIDENCE

TIMELINE

What is the best time to reach you?Pick List:• Early morning (8-10 AM EST)• Late morning (10-12 PM EST)• Mid-day (12-1 PM EST)• Early afternoon (1-2 PM EST)• Late afternoon (3-5 PM EST)

Free Text:• Phone number

Do you have budget for PR/content/disclosure initiatives?Pick List:• Yes• No

When is your next release or campaign? Pick List:• Within 48 hours• 1-4 weeks• 1-2 months• 3+ months• No planned releases

REQUIRED PHONE NUMBER

TIME TO CALL

BUDGET

SEND A RELEASE

QL Warm – Lead Score: 700 Points QL Hot – Lead Score: 1,400 Points

KEY: Required field Optional field

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Build on a scalable marketing infrastructure

DATA & ANALYTICS

Content

Org

aniz

atio

nal

Alig

nm

ent

Marketing Technology

Lead Management Process

Multichannel Promotion

Data and Analytics

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Integrate promotions across channels

PAID

Banner Ads 3P Events

3P Events Paid Search

EARNED

PR Pickup Social Shares

Blog PostsSpeaking Invites

OWNED

Website Mobile App

Blog PRN Events

PAID

Banner Ads 3P Events

3P Events Paid Search

EARNED

PR Pickup Social Shares

Blog PostsSpeaking Invites

OWNED

Website Mobile App

Blog PRN Events

DYNAMIC LANDING PAGES

Content Offer A

Content Offer B

Content Offer C

Buyer A

Buyer B

Buyer A

Buyer B

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The impact of promotion multichannel coordination and timing

0

100

200

300

400

500

600

700

800

Non-coordinated Multi-channelCoordinated

Performance of Content Offers

Views Downloads

0%

500%

1000%

1500%

2000%

2500%

No Press Release Multichannel(2 weeks)

Multichannel(1 week)

Impact of Distribution Channel and Timing

Views Downloads

© 2015 PR Newswire Association LLC. All Rights Reserved

Page 24: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Build on a scalable marketing infrastructure

DATA & ANALYTICS

Content

Org

aniz

atio

nal

Alig

nm

ent

Marketing Technology

Lead Management Process

Multichannel Promotion

Data and Analytics

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Manage channels based on contribution to results

DATA & ANALYTICS

PPC

House List Outbound

PRNewswire.com

List Rental

Blog

PRN Webinar

CCS

PRN Live Events

Retargeting

Newswire Content Distribution

PRN Sponsored Event

Newswire.ca

PRN Sponsorship

Source versus lead qualification stage

Count of Original Lead Score

Engaged

Qualified Engaged

Qualified Lead – Warm

Qualified Lead – Hot

Opportunity, Pursue, Secure

Closed Won

Closed and Closed Out

Page 26: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Optimize content promotion

Download Date 20K E-CO-1.4.2

Download Date 20K E-CO-2.2.1

Download Date 20K E-CO-1.2.1

Download Date 20K E-CO-1.3.3P

Download Date 20K E-CO-1.3.3P

Download Date 20K E-CO-1.3.1

Download Date 20K E-CO-1.4.1

Download Date 20K N-CO-2.1.1

Download Date 20K N-CO-3.1.1

Download Date 20K N-CO-1.1.1

11,149 Total Downloads

1.41% Closed Won Elasticity

743 Total Downloads, 6.19% Closed Won Elasticity

333 Total Downloads, 12.91% Closed Won Elasticity

530 Total Downloads, 6.42% Closed Won Elasticity

959 Total Downloads, 3.13% Closed Won Elasticity

Quick Tips Demand Gen/Integrated Tracking & Measurement Public Relations

Page 27: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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The impact of data hygiene

48% of people in the database were duplicates or unusable.!

Page 28: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Build on a scalable marketing infrastructure

DATA & ANALYTICS

Content

Org

aniz

atio

nal

Alig

nm

ent

Marketing Technology

Lead Management Process

Multichannel Promotion

Data and Analytics

Page 29: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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It’s all about serving your customers

July 30 – 12:19 p.m.Organic search referral and

downloads offer

July 30 – 2:19 p.m.Browsed knowledge center and

downloaded a second offer

July 31 –2:14 p.m.Attended on-demand webinar

Sept. 3 – 11:30 a.m.Engaged with nurture email

Sept. 3 – 11:45 a.m.Routed to the Marketing Lead Qualification team

Nov. 11 Sale closed with Strategic Sales team

$10,500 1-yr Contract

+210 pts.+100 pts. +150 pts. +25 pts. Qualified Closed

Large Agency Principal Example

Page 30: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

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Results

More than 20% lift in qualified leads

1% incremental topline growth

Shortened the sales cycle by over a third

Page 31: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

DATA & ANALYTICS

Top takeaways

Become buyer-obsessed.

Think big, start small.

Coordinate the promotion/interactions.

Move beyond traditional analytics.

Page 32: How PR Newswire Created an Innovative Demand Generation ...Demand Generation Engine That Increased Engaged Leads by Over 20%. Ken Wincko Senior Vice President of Marketing PR Newswire.

Thank YouKen Wincko@KenWincko