Marketing Automation - BtoB Magazine
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Transcript of Marketing Automation - BtoB Magazine
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© 2013 B2B Fusion Group / Proprietary & Confidential
DatePrepared for
© 2013 B2B Fusion Group / Proprietary & Confidential
June 2013
Jon Russo, Founder
B2B Fusion Group
Generate. Optimize. Close.
Marketing Automation – areas that are overlooked
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© 2013 B2B Fusion Group / Proprietary & Confidential
A Our data is incomplete, inaccurate, or missing the right ongoing hygiene processes
B Our sales and marketing lead definitions are not agreed upon or consistently used in automation
C Our existing marketing automation deployment is vastly underutilized
D We don’t know how to prove marketing ROI
E None of these – we have other issues
What is your single biggest challenge of pulling of a successful marketing automation deployment?
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© 2013 B2B Fusion Group / Proprietary & Confidential
B2B Fusion: Providing the ‘HOW’ in Marketing ROI
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CMO - Marketing
What is the ROI of our Marketing Investments?
How do we produce more sales ready leads?
CSO –
SalesHow can we maximize sales rep selling time?
How can we minimize sales rep distractions via
our CRM data processes?
How do we track, trend, and improve our performance as a combined sales & marketing revenue machine?
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© 2013 B2B Fusion Group / Proprietary & Confidential
• Data and its business impact:• High quality data correlates to 39% more closes & 66% more revenue• 25% of a field sales rep’s selling TIME is wasted with incorrect data
• How the selling environment has changed:• For every 650 leads, 1 deal is closed in 19 months • 43% of B2B companies indicate that sales cycles have lengthened over
the past three years
The Situation
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Gartner 2013, IDC 2013, Alinean 2013, Discover.org 2013, Data.com
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© 2013 B2B Fusion Group / Proprietary & Confidential
Data hygiene processes: Not Sexy yet critical
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© 2013 B2B Fusion Group / Proprietary & Confidential
Nurture
Fuzzy Sales & Marketing Definitions = Fuzzy ROI
Define your lead lifecycle within your systems and with your sales and marketing teams
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Inquiries MQL LGQL SQLCustomer
s
Prospect & Recycled(Marketing Qualified Lead)
Sales Accepted Lead
Sales QualifiedOpportunity
SALESMARKETING
All Names
Lead GenQual. Lead
SAL
LEADGEN
INSIDESALES
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© 2013 B2B Fusion Group / Proprietary & Confidential
43% of Business IT investments not living to full potential
85% of companies that have purchased marketing automation not living up to full potential
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Description XYZ TodayAnnualized
Estimated USD Cost
People 33 Sales People $3,300,000
2 Inside Sales People 200,000
9 Marketing People 900,000
Programs Marketing Programs 900,000
Technology CRM: 132 Enterprise Licenses 198,000
Marketing Automation Enterprise License: 30k records 36,000
10 data source License: $.42/record 15,000
Annual Total $5,549,000
Gartner 2013, SiriusDecisions 2013
...Accelerate progress by augmenting skills
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© 2013 B2B Fusion Group / Proprietary & Confidential
Marketing ROI – Harder than it looks, yet doable
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© 2013 B2B Fusion Group / Proprietary & Confidential
• Invest time in (unsexy) data processes
• Define lead stages with sales & marketing and then your systems
• Accelerate your own learnings to avoid the 85% underutilization syndrome
• Anticipate Marketing ROI as a journey, not destination
Key TakeAways
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© 2013 B2B Fusion Group / Proprietary & Confidential
Contact Information
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Jon Russo
@b2bcmo
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© 2013 B2B Fusion Group / Proprietary & Confidential
Our Customers
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Referenced by Forrester Research: 2011, 2012, & 2013
Best B2B Best Practices,KPIs, and Buyers Journey
Referenced in Forbes 2012