Path to a Killer Marketing Strategy: Marketo's Secret Sauce for Revenue

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© 2013 Marketo, Inc. Marketo Proprietary and Confidential We will start shortly. Meanwhile, how many words can you find? Each word must contain the central M and no letter can be used twice. The letters do not have to be connected. Proper nouns are not allowed. There is at least one nine letter word. W I E H M L A E N The Path To A Killer Marketing Strategy

Transcript of Path to a Killer Marketing Strategy: Marketo's Secret Sauce for Revenue

Page 1: Path to a Killer Marketing Strategy: Marketo's Secret Sauce for Revenue

© 2013 Marketo, Inc. Marketo Proprietary and Confidential

We will start shortly. Meanwhile, how many words can you find? Each word must contain the central M and no letter can be used twice. The letters do not have to be connected. Proper nouns are not allowed. There is at least one nine letter word.

W I E

H M L

A E N

The Path To A Killer Marketing Strategy

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© 2013 Marketo, Inc. Marketo Proprietary and Confidential

We will start shortly. Meanwhile, how many words can you find? Each word must contain the central M and no letter can be used twice. The letters do not have to be connected. Proper nouns are not allowed. There is at least one nine letter word.

W I E

H M L

A E N

The Path To A KillerMarketing Strategy

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© 2013 Marketo, Inc. Marketo Proprietary and Confidential

Jon MillerSubscribe to blog.marketo.com

@jonmiller

1. Born in Ethiopia2. Can dislocate my thumbs at will3. Studied Physics at Harvard, captain of high-school

debate team and newspaper staff4. My first child was born the same month that we

incorporated Marketo

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INFORMATION SCARCITY

WE USED TO LIVE IN A WORLD OF

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ABUNDANCEINFORMATION

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Nam

e

Awar

enes

s

Frie

nd

Enga

ged

Targ

et

Marketo’s Revenue Cycle

TOFU MOFU

Opportunity Customer

Cont

acte

d

Sale

s Le

ad

Nurturing Database

BOFU

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Processes at scale

@JonMiller

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© 2013 Marketo, Inc. Marketo Proprietary and Confidential

Inbound and Content Marketing

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One Way to Reduce Whisk

#groan

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Research, funny videos, curated lists, infographics, thought leadership, definitive guides

Types of Content

NO

YES

MOSTLYNO

Thought leadership and entertainment to build brand and awareness

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, whitepapers, analyst reports, webinars

Pricing, demos, services information, 3rd party reviews, customer case studies

Gated?Early Stage

Middle Stage

Late Stage

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© 2013 Marketo, Inc. Marketo Proprietary and Confidential

Paid Programs

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Why Measuring Programs is Hard

• Multiple touches. Seven touches needed to convert a cold lead into a sale

• Multiple influencers. Typical buying committee has 5-21 people

• Tyranny of time. The money you invest today will have an uncertain impact at an uncertain point in the future

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Track All Touches Across People

Screenshot: Marketo Revenue Cycle Analytics

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What Generates Pipeline for Marketo?

Source: Marketo Revenue Cycle Analytics, Jan 2013

Nurture Email - CTA

Nurture EmailPaid Online (PPC+Email)

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Re

ach

& E

ng

age

me

nt

Soci

al Li

ft

Soci

al Li

ft

Soci

al Li

ft

Soci

al Li

ft

Soci

al Li

ft

Landing Pages

Website Facebook Pages

Online Ads Email

Soci

al Li

ft

Events

Making Every Campaign Social

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Test & Tune With Social Funnel Metrics

Measure,

Test and

Optimize

Coloring Book Results• 289 participants

shared• 354 registered

downloads• 19.8% increase in

registered downloads

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© 2013 Marketo, Inc. Marketo Proprietary and Confidential

Middle of the Funnel

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But who is ready?You got them to the dance

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Lead Nurturing Relevance

A

B

C

D

1 23

Stages1. BUYING STAGES

• Early (4.1.1 cadence)• Mid and Late• Customer

2. BUYING PROFILES• Industry: 82%• Role: 67%• Company Size: 49%• Geography: 29%

Get The “Definitive Guide to Lead Nurturing”http://marketo.com/DG2LN

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Lead Scoring Defined

“Shared sales and marketing methodology for ranking leads in order to determine their sales readiness”

Nurture Nurture DisqualifyPass to Sales

Pass to Sales

Fit Interest Buying Stage

@jonmiller

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Behavioral Scoring: Examples

• Early stage content +3• Attend webinar: +5• Visit any webpage / blog : +1• Visit careers pages: -10

Latent Behaviors (Engagement)

• Pricing pages: • +10 regular, +15 detailed

• Watch demos: • +5 overview, +10 detailed

• Mid-stage content +8• Late-stage content +12• Searches for “Marketo” +8

Active Behaviors(Buying Intent)

@jonmiller

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One Way to Identify Marketing Qualified Leads

21+ Super-Target Lead Lead Lead

9-20 Target Lead Lead

2-8 Other Lead

<2

Engagement <20 20+ 45+ 90+

Buying Intent <6 6+ 13+ 19+

Fit

Inte

rest

@jonmiller

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Stars and Flames show priority

Full list of Interesting Moments

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No Lead Left Behind

Day 0 Notification

Day 1 If untouched, reminder

Day 2 If untouched, reminder cc boss

Day 3 If untouched, alert executives

Day 7 If stale, reminder

Day 8 If stale, reminder cc boss

Day 9 If stale, alert executives

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© 2013 Marketo, Inc. Marketo Proprietary and Confidential

Revenue Cycle Metrics

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Revenue Cycle Modeler

Screenshot: Marketo Revenue Cycle Analytics

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Filter/Drill into data, e.g. by Program Type, Business Unit, Geography, etc.

Key topic areas:• Balance (Reach)• Flow• Conversion• Velocity Trends over time

Screenshot: Marketo Revenue Cycle Analytics

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Marketing Forecasts

Get The “Definitive Guide to Marketing Metrics & ROI”http://marketo.com/DG2MM

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Key Takeaways

1. The way buyers buy has changed forever – the way we market and sell must change as well

2. Publish / own content to help leads find you

3. Leverage peer-to-peer influence to give every campaign a social boost

4. Most leads are not “sales ready” – nurture relationships over time

5. Use analytics to turn marketing from a cost center into a revenue driver

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Additional Resources

The Definitive Guide to Social Marketinghttp://marketo.com/DG2SM

The Definitive Guide to Marketing Metrics & ROIhttp://marketo.com/DG2MM

The Definitive Guide to Marketing Automationhttp://marketo.com/DG2MA

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Marketo, Inc.901 Mariners IslandSuite 200San Mateo, CA 94404

Direct: +1.650.376-2310

blog.marketo.comwww.marketo.com

JON MILLERVP Marketing

[email protected]@jonmiller

Question and Answer

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© 2013 Marketo, Inc. Marketo Proprietary and Confidential

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© 2013 Marketo, Inc. Marketo Proprietary and Confidential

The Path to a Killer Marketing StrategyMarketo’s Secret Sauce for RevenueJon Miller, VP Marketing and Co-FounderExecutive Editor of Marketo Marketing Blog@jonmiller

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Sales Development Reps (SDRs) Pass The Baton from Marketing to Sales

• Faster, more consistent, & better quality follow-up on leads

• Better economics• The human touch

enhances lead nurturing

• Better data and more metrics

• Talent development for sales

Best place for dramatic improvements in business performance are handoffs between functions