Marketo Secret Sauce: Modern Marketing Case Study - Matt Zilli
Transcript of Marketo Secret Sauce: Modern Marketing Case Study - Matt Zilli
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Marketo Secret Sauce:Modern Marketing Case Study
Matt ZilliDirector of Product Marketing, Marketo
Image of Speaker here
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What is the Marketo Secret Sauce?
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INFORMATION SCARCITY
WE USED TO LIVE IN A WORLD OF
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ABUNDANCEINFORMATION
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Adaptive MarketerImage: Hugh Mac Leod, www.gapingvoid.com
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BUYEVALUATELEARNENGAGE
TRUSTENJOYBUY ADVOCATE
RENEWVALUEUSEOWN
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Marketo’s Guided Journey: A Revenue Cycle
TOFU MOFU
Opportunity CustomerLead
Sale
s Le
ad
Nurturing Database
BOFU
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Sale
s Le
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Nurturing Database
Retain
Advocate
Enable Adopt
Marketo’s Guided Journey: A Revenue Cycle
Drive customer success to keep and grow relationships
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Awar
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s
Web
Vis
itor
A Marketo customer example
In-personAppointment
CustomerCo
nver
ted
Enga
ged
Nurturing Database
Advocate
Attend
Retain
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Why take this approach?
• Because your marketing will appeal to more people
• Because your marketing will keep more people engaged
• Because your marketing will keep in touch with people even when they aren’t looking to buy
• Because your marketing will create more advocates
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Awareness and Top of Funnel
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Rent vs. Own
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Source: Marketo data, Marketo Revenue Cycle Analytics. Does not include all sources.
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Source: Marketo data, Marketo Revenue Cycle Analytics. Does not include all sources.
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Blog, e-books, research data, funny videos, curated lists, infographics, webinars
NO
YES
MOSTLYNO
Thought leadership and enjoyable content to build brand, awareness, and desire
Tools that help buyers find you when they are looking for solutions
Company-specific information to help evaluate and reaffirm selection
Buying guides, RFP templates, ROI calculators, definitive guides, analyst reports
Pricing, demos, services information, 3rd party reviews, customer case studies
Gated?Early Stage
Middle Stage
Late Stage
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Durable Relationships over Time
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BUYEVALUATELEARNENGAGE
TRUSTENJOYBUY ADVOCATE
RENEWVALUEUSEOWN
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Source: The Corporate Executive Board Company, “The Digital Evolution in B2B Marketing,” 2012.
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Purchase ready(Pass to sales)
Source: RainToday
25%
50%
25%
2%
Need More Nurturing
Disqualified
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Nurturing: Building durable relationships with prospects and customers
over time through engaging conversations
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When it comes to marketing, nobody wants to get blasted
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What isn’t an engaging conversation?
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What is an engaging conversation?• Communications
flow one to the next• Listens and responds• Relevant and
meaningful
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A
B
C
D
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Stages
1. BUYING STAGES• Early: Be a Better Marketer• Mid: Why Marketing Automation• Late: Why Marketo• Customer: Success
2. BUYING PROFILES• B2B Marketing• Consumer Marketing• Sales
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A
B
C
D
1 23
Stages
1. BUYING STAGES• Early: Mortgage Considerations• Mid: How to get a mortgage• Late: Why Us
2. BUYING PROFILES• First-time Home Buyer• Re-financer• Home Underwater
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More Targeted Emails are More Relevant
100 1000 10000 1000000
50
100
150
200
250
300
350
400
Email Send Size
Enga
gem
ent S
core
Source: 100s of Marketo campaigns
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ContentStreams
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Standard Nurture Triggered Interests Lift
Open % 21.7% Open % 34.0% 57%
Click to Open % 23.4% Click to Open % 37.1% 59%
Click % 5.1% Click % 12.6% 147%
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Scoring People andManaging Leads
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Scoring Defined
Fit Interest Lifecycle Stage
“Methodology for ranking people in order to determine their readiness to buy”
Nurture DisqualifyNurturePass to Sales Send right offer
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• Early stage content +3• Attend webinar: +5• Visit any webpage /
blog : +1• Visit careers pages: -10• Decay inactivity:
-1, -5, -10
Discovery Behaviors
• Pricing pages: +10 • Watch demos:
• +5 overview • +10 detailed
• Mid-stage content +8• Late-stage content +12• Searches for branded
keyword “Marketo” +8
Buying Behaviors
Get The “Definitive Guide to Lead Scoring”http://marketo.com/DG2LS
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Stars and Flames show priority
Full list of Interesting Moments
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The Customer Lifecycle
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BUYEVALUATELEARNENGAGE
TRUSTENJOYBUY ADVOCATE
RENEWVALUEUSEOWN
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Customer Nurture Streams
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X-S Scoring Based on Product Interest (PIS)
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Revenue Analytics
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Why Measuring Return is Hard
• Unclear success. Measuring campaign success is easy. But what about real success?
• Multiple touches. Seven touches needed to convert a first time visitor into a sale
• Multiple influencers. A B2B buying committee has 5-21 people
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Customer Revenue Cycle
Screenshot: Marketo Revenue Cycle Analytics
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Marketo’s Revenue Cycle
TOFU MOFU
Opportunity CustomerLead
Sale
s Le
ad
Nurturing Database
BOFU
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Revenue Cycle Modeler
Screenshot: Marketo Revenue Cycle Analytics
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Screenshot: Marketo Revenue Cycle Analytics
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Track All Touches Across People
Screenshot: Marketo Revenue Cycle Analytics
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Use Metrics to Set & Justify Budgets
New Targets
60,000
InventoryOf ActiveTargets
131,000
New MQLsScore>100
23,00015.3%
Inventory of Active MQLs
10.5% 20,000
New Opps*
1,000 6 Month Created Opp Inv.
2,000
270
*Opps is bigger than SQLs because includes outbound and partner referrals
SDR capacity driven
Inb
ou
nd
/ P
rog
ram
s
120,000(900K DB Total)
New Names
New SQLs
922
2.4%
1.9%
75%
Win
s35% win
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Use Metrics to Set & Justify Budgets
New Trials
15,000
InventoryOf Active
Trials
50,000
Engaged Trials
1,5009.5%
Inventory of Active Trials
5% 2,500
Engaged Customers
100 Engaged Customer Inventory
5,000
270
SDR capacity driven
Web
V
isit
ors
1,000,000
New Names
New Customers
125
2.5%
2%
90%
Ren
ewal
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90%
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Tweetable Takeaways
1.The way buyers buy has changed forever – the way we market and sell must change as well
2.Marketers must take control and guide each person through a successful journey
3.Most people are not “ready to buy” – nurture relationships over time
4.Use analytics to turn marketing from a cost center into a revenue driver
5.Think big, start small, move quickly
#MKTGNATION14
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When marketers guide the journey…
• More peopleaware & engaged
• Moving faster through their journey
• Advocating for your products & services
• And you canprove it
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Q&A