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#LeadNurture

New Benchmarks & Insights
Into Lead Nurturing
Panelists

MODERATOR:

Andrew Gaffney
Editor, Demand Gen Report

Jon Miller

Corinne Sklar

VP, Marketing Content
And Strategy
Marketo
@jonmiller

Global CMO
Bluewolf
@csklar

#LeadNurture
How many “touches” do you include in
your lead nurture programs?

#LeadNurture
What is the typical cadence of your
nurture campaigns?

#LeadNurture
Biggest benefits from lead nurture
campaigns? (check all that apply)

#LeadNurture
How have your nurture campaigns
performed compared to non-nurtures?

#LeadNurture
How have nurtured leads performed within your
funnel versus non-nurtured leads?

#LeadNurture
Greatest challenges in creating lead
nurture programs?

#LeadNurture
Top 5 Challenges In Lead Nurturing
1.

Managing data quality

2.

Getting better engagement

3.

Creating enough content

4.

Creating an emotional connection

5.

Measuring & proving lead nurturing ROI

#LeadNurture
Managing Data Quality
Corinne Sklar
› Bluewolf Global CMO
› Extreme sports lover – including heli-skiing

› Studied Journalism & Visual Arts

›

@csklar
Customer Engagement in the New Bottom Line

bluewolf.com/sosf
The Wide, Messy World of Data
Did You Know….
4 hours

Every…

a business
ownership changes

a judgment is filed
against a business

60 seconds

8 minutes

a business risk profile
changes

a business files
bankruptcy

2 minutes

3 minutes
a business ceases
operations

14 seconds

2 minutes

a directorship (CEO, CFO,
etc.) change occurs

a new business opens
1
6
Read the Full Report: bluewolf.com/sosf
You’re Not Alone
What Tools are you Investing in?

bluewolf.com/sosf
3 Things To DO
› DO NOT Forget About “Non-Form Data”
› Create “Search Before Create”

› DO Implement Data Cleanse, DeDup and Enrichment Processes
› Cleanse – Identify – Enrich

› DO Put Data Standards in Place
› i.e Bluewolf vs. Bluewolf Group, Inc
CREATING AN EMOTIONAL CONNECTION SECTION?
› IS THIS WHERE THIS SECTION STARTS?
› THIS SLIDE WILL BE DELTED.
Top 5 Challenges In Lead Nurturing

1. Managing data quality
2. Getting better engagement

3. Creating enough content
4. Creating an emotional connection

5. Measuring & proving lead nurturing ROI
Page 23
© 2013 Marketo, Inc.

@jonmiller
Getting Better Engagement

© 2013 Marketo, Inc. Marketo Proprietary and Confidential
Hi, I’m Jon Miller

VP Marketing and Co-Founder
1.
2.
3.
4.

My first child was born the
same month that we incorporated Marketo
Born in Ethiopia
Studied Physics at Harvard, captain of high-school
debate team and newspaper staff
I have a Top-Secret “Q” Clearance

@jonmiller
Page 25
© 2013 Marketo, Inc.

@jonmiller
TRUST
Page 26
© 2013 Marketo, Inc.

@jonmiller
If you haven’t earned your
subscribers’ trust, they won’t
open or click your email
@jonmiller

Page 27
© 2013 Marketo, Inc.

@jonmiller
Pros
Implicit
Opt-In

Cons

• Low effort

• Consumer has not asked to receive
email communications

• No place for a subscriber to drop the
ball

• Lowest trust and engagement

Explicit Opt-In
With Welcome

• May be illegal
• Time delay between subscribing and
first message

• No dropped balls

Explicit Opt-In

• Quickly leads to a big list
• Consumer explicitly requests
communications

• Risk of spambots

• Provides opportunity to engage and
set expectations

• Less effort from subscriber may equal
less engagement

• If email bounces, you know to filter
out that address

Page 28
© 2013 Marketo, Inc.

• High engagement – they really want
your email

• Subscriber may miss confirmation
email = lost subscribers

• Filters out spambots

Double Opt-In

• They want your email, asking again
might annoy them
@jonmiller
Page 29
© 2013 Marketo, Inc.
Source: Adbusters,

2011

@jonmiller
Engagement Score

More Targeted Sends are More Engaging
400
350
300
250
200
150
100
50
0
100

1000

10000

100000

Email Send Size
Source: 100s of Marketo campaigns
Page 30
© 2013 Marketo, Inc.

@jonmiller
When it comes to lead
nurturing, nobody wants to get
blasted @jonmiller

Page 31
© 2013 Marketo, Inc.

@jonmiller
Ways to Segment
Early Stage
Thought leadership and
enjoyable content to build
brand, awareness, and desire

Middle Stage
Tools that help buyers find
you when they are looking
for solutions

Late Stage

Company-specific
information to help evaluate
and reaffirm selection
Page 32
© 2013 Marketo, Inc.

% Saying Content Customized By
Category is More Valuable
• By Industry: 82%
• By Role: 67%
• Doers vs. Buyers
• Job Function

•
•
•

By Company Size: 49%
By Geography: 29%
By Product
Source: MarketingSherpa

@jonmiller
Page 33
© 2013 Marketo, Inc.

@jonmiller
Create more
relevance by
customizing by
segments:
• Industry,
• Geography,
• Company Size,
• etc.

Page 35
© 2013 Marketo, Inc.

@jonmiller
The Key to Relevance is Behavioral Targeting
Top Tactics to Increase Email Engagement

Page 36
© 2013 Marketo, Inc.

@jonmiller
Segment by Topic of Interest Triggers
Email
Social
•
•
•
•
•

Content

Attends event
Downloads content
Click email
Fills out form
Score is changed

Page 37
© 2013 Marketo, Inc.

Technology
@jonmiller
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%

Page 38
© 2013 Marketo, Inc.

@jonmiller
Maintain
Your List
Page 39
© 2013 Marketo, Inc.

@jonmiller
Page 40
© 2013 Marketo, Inc.

@jonmiller
Page 41
© 2013 Marketo, Inc.

@jonmiller
Page 42
© 2013 Marketo, Inc.

@jonmiller
Creating Enough Content

© 2013 Marketo, Inc. Marketo Proprietary and Confidential
1. BUYING STAGES
• Early: Be a 3
Better Marketer
2
• Mid: Why Marketing Automation
• Late: Why Marketo
• Customer: Success

2. SEGMENTS
• Marketing, Sales, Exec
Get The “Definitive Guide to Lead Nurturing”

http://marketo.com/DG2LN
Page 44
© 2013 Marketo, Inc.

@jonmiller
The 3 R’s of Content Marketing

REPURPOSE, REWRITE, REUSE

Page 45
© 2013 Marketo, Inc.

@jonmiller
Repurpose Content

Page 46
© 2013 Marketo, Inc.

@jonmiller

Source: Rebecca Lieb
Rewrite and Redesign
Before

After

Page 47
© 2013 Marketo, Inc.

@jonmiller
Reuse (Curate)
• Relevant topic
• Links to a
valuable
resource
• Add useful
commentary
• Subtly suggests
next steps

Page 48
© 2013 Marketo, Inc.

@jonmiller
Creating An Emotional
Connection
Major Commercial Buying Decisions
Business Value vs. Personal Value
Marketing Business Value Is NOT Enough
Move Lead Nurturing to Focus on Elephant – Not Rider
Home Siding Campaign
• 4 segmentations & email programs
–
–
–
–

Promo
Request for Info
Request for Sample
Request for Quote

• No action. Pulled into drip campaign
– 5 emails to tells customer journey
• Consistent CTA of Request a Quote
• A/B testing
• Custom opt-outs to each email
• Geo-targeting for email content
Geo-Targeting Drip Campaigns
3 Ways to Get Started
1. Invest in Your Brand
2. Use Your Customers Language through Social Mining

3. Teach Your Customers Something NEW & Unexpected
Invest In Your Brand: “Connection” leads to
Conversion
Social Mining: Mine the Trends. Mine the Sentiment.
Don’t Add to the Noise
Teach Something NEW or Unexpected
Take Action: Become A Modern Marketer
› The 3 Pillars of Modern Digital Marketing
› Complete the Customer Profile
› Convert from Broadcast to Personal
› Create Customer Intimacy
› Read the Full Report: bluewolf.com/marketo
Measure and Prove Lead Nurturing ROI

© 2013 Marketo, Inc. Marketo Proprietary and Confidential
Importance of various
factors in measuring
the value of email
marketing programs

Page 63
© 2013 Marketo, Inc.

@jonmiller
•
•
•
•
•

Open
Click
Unsubscribe
Bounce
Etc.

Page 64
© 2013 Marketo, Inc.

@jonmiller
Italian Workspace 

Lead Nurturing

Streams

Joe Smith: Acme Inc. 

Setup

My Tokens

Community

+

Members

2013

View: Dashboard ▼

Marketo’s Secret Sauce

Streams: All Streams ▼

Summary

Definitive Guide to Events

Help

Members

Lead Nurturing

3,450

65 1.5% 55d
Search…

+

Engagement

Unsubscribe

50

35

Exhausted

Paused

Next Cast
In Track

Lead Scoring Best Practices
Lead Management Best Practic
Practical B2B Lead Generation

Engagement Over Time

Recently Updated
Practical B2B Lead Generation

100

Added Mar 30, 2013

Sent 12,105

82

Sent 12,105

70

Thought Leadership
Email Performance Report

Thought Leadership

80

Edited Mar 25, 2013

Mar 18, 2013
Engagement: 60

Program Performance

Lead Scoring Best Practices

60

Edited Mar 22, 2013

Sent 12,105

Lead Management Best Practice D…

40
Page 65

Search…
© 2013 Marketo, Inc.

Added Mar 18, 2013

Sent 12,105

Lead Scoring Best Practices

Dec

Jan

@jonmiller
Feb
Mar

Apr

May

Edited Mar 10, 2013

Sent 12,105

55
35
9
A subject line is only as good
as the revenue it generates.
You don’t just want Opens; you
want Leads! @jonmiller

Page 66
© 2013 Marketo, Inc.

@jonmiller
Testing
Program
No Nurture
Early
Champion
Refine

Early
Challenger

Test 1: Day of
Week

Mid
Champion

Mid
Challenger

Refine

Test 1: Day of
Week

Late
Champion
Refine

Late
Challenger

Test 1: Day of
Week

Test 2:
Cadence

Test 2: Cadence

Test 3: Time

Test 3: Time

Test 3: Time

Test 4: Content
Priority

Test 4: Content
Priority

Test 4: Content
Priority

Test 5: Content
Mix
Page 67
© 2013 Marketo, Inc.

Test 2: Cadence

Test 5: Content
Mix

Test 5: Content
Mix

@jonmiller
What Testing Can Measure
•

•
•
•
•

Improved
engagement
Higher conversion
rates
Shorter sales cycles
Better win rates
Higher average
selling price (ASP)

Page 68
© 2013 Marketo, Inc.

@jonmiller
Thanks for attending this webinar!
Download and View this
presentation on-demand at:

http://dg-r.co/LNwebinar
NOTE: URL is case sensitive.

#LeadNurture

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New Benchmarks & Insights Into Lead Nurturing

  • 1. #LeadNurture New Benchmarks & Insights Into Lead Nurturing
  • 2. Panelists MODERATOR: Andrew Gaffney Editor, Demand Gen Report Jon Miller Corinne Sklar VP, Marketing Content And Strategy Marketo @jonmiller Global CMO Bluewolf @csklar #LeadNurture
  • 3. How many “touches” do you include in your lead nurture programs? #LeadNurture
  • 4. What is the typical cadence of your nurture campaigns? #LeadNurture
  • 5. Biggest benefits from lead nurture campaigns? (check all that apply) #LeadNurture
  • 6. How have your nurture campaigns performed compared to non-nurtures? #LeadNurture
  • 7. How have nurtured leads performed within your funnel versus non-nurtured leads? #LeadNurture
  • 8. Greatest challenges in creating lead nurture programs? #LeadNurture
  • 9. Top 5 Challenges In Lead Nurturing 1. Managing data quality 2. Getting better engagement 3. Creating enough content 4. Creating an emotional connection 5. Measuring & proving lead nurturing ROI #LeadNurture
  • 11. Corinne Sklar › Bluewolf Global CMO › Extreme sports lover – including heli-skiing › Studied Journalism & Visual Arts › @csklar
  • 12.
  • 13. Customer Engagement in the New Bottom Line bluewolf.com/sosf
  • 14.
  • 15. The Wide, Messy World of Data
  • 16. Did You Know…. 4 hours Every… a business ownership changes a judgment is filed against a business 60 seconds 8 minutes a business risk profile changes a business files bankruptcy 2 minutes 3 minutes a business ceases operations 14 seconds 2 minutes a directorship (CEO, CFO, etc.) change occurs a new business opens 1 6
  • 17. Read the Full Report: bluewolf.com/sosf
  • 18.
  • 20. What Tools are you Investing in? bluewolf.com/sosf
  • 21. 3 Things To DO › DO NOT Forget About “Non-Form Data” › Create “Search Before Create” › DO Implement Data Cleanse, DeDup and Enrichment Processes › Cleanse – Identify – Enrich › DO Put Data Standards in Place › i.e Bluewolf vs. Bluewolf Group, Inc
  • 22. CREATING AN EMOTIONAL CONNECTION SECTION? › IS THIS WHERE THIS SECTION STARTS? › THIS SLIDE WILL BE DELTED.
  • 23. Top 5 Challenges In Lead Nurturing 1. Managing data quality 2. Getting better engagement 3. Creating enough content 4. Creating an emotional connection 5. Measuring & proving lead nurturing ROI Page 23 © 2013 Marketo, Inc. @jonmiller
  • 24. Getting Better Engagement © 2013 Marketo, Inc. Marketo Proprietary and Confidential
  • 25. Hi, I’m Jon Miller VP Marketing and Co-Founder 1. 2. 3. 4. My first child was born the same month that we incorporated Marketo Born in Ethiopia Studied Physics at Harvard, captain of high-school debate team and newspaper staff I have a Top-Secret “Q” Clearance @jonmiller Page 25 © 2013 Marketo, Inc. @jonmiller
  • 26. TRUST Page 26 © 2013 Marketo, Inc. @jonmiller
  • 27. If you haven’t earned your subscribers’ trust, they won’t open or click your email @jonmiller Page 27 © 2013 Marketo, Inc. @jonmiller
  • 28. Pros Implicit Opt-In Cons • Low effort • Consumer has not asked to receive email communications • No place for a subscriber to drop the ball • Lowest trust and engagement Explicit Opt-In With Welcome • May be illegal • Time delay between subscribing and first message • No dropped balls Explicit Opt-In • Quickly leads to a big list • Consumer explicitly requests communications • Risk of spambots • Provides opportunity to engage and set expectations • Less effort from subscriber may equal less engagement • If email bounces, you know to filter out that address Page 28 © 2013 Marketo, Inc. • High engagement – they really want your email • Subscriber may miss confirmation email = lost subscribers • Filters out spambots Double Opt-In • They want your email, asking again might annoy them @jonmiller
  • 29. Page 29 © 2013 Marketo, Inc. Source: Adbusters, 2011 @jonmiller
  • 30. Engagement Score More Targeted Sends are More Engaging 400 350 300 250 200 150 100 50 0 100 1000 10000 100000 Email Send Size Source: 100s of Marketo campaigns Page 30 © 2013 Marketo, Inc. @jonmiller
  • 31. When it comes to lead nurturing, nobody wants to get blasted @jonmiller Page 31 © 2013 Marketo, Inc. @jonmiller
  • 32. Ways to Segment Early Stage Thought leadership and enjoyable content to build brand, awareness, and desire Middle Stage Tools that help buyers find you when they are looking for solutions Late Stage Company-specific information to help evaluate and reaffirm selection Page 32 © 2013 Marketo, Inc. % Saying Content Customized By Category is More Valuable • By Industry: 82% • By Role: 67% • Doers vs. Buyers • Job Function • • • By Company Size: 49% By Geography: 29% By Product Source: MarketingSherpa @jonmiller
  • 33. Page 33 © 2013 Marketo, Inc. @jonmiller
  • 34.
  • 35. Create more relevance by customizing by segments: • Industry, • Geography, • Company Size, • etc. Page 35 © 2013 Marketo, Inc. @jonmiller
  • 36. The Key to Relevance is Behavioral Targeting Top Tactics to Increase Email Engagement Page 36 © 2013 Marketo, Inc. @jonmiller
  • 37. Segment by Topic of Interest Triggers Email Social • • • • • Content Attends event Downloads content Click email Fills out form Score is changed Page 37 © 2013 Marketo, Inc. Technology @jonmiller
  • 38. 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% Page 38 © 2013 Marketo, Inc. @jonmiller
  • 39. Maintain Your List Page 39 © 2013 Marketo, Inc. @jonmiller
  • 40. Page 40 © 2013 Marketo, Inc. @jonmiller
  • 41. Page 41 © 2013 Marketo, Inc. @jonmiller
  • 42. Page 42 © 2013 Marketo, Inc. @jonmiller
  • 43. Creating Enough Content © 2013 Marketo, Inc. Marketo Proprietary and Confidential
  • 44. 1. BUYING STAGES • Early: Be a 3 Better Marketer 2 • Mid: Why Marketing Automation • Late: Why Marketo • Customer: Success 2. SEGMENTS • Marketing, Sales, Exec Get The “Definitive Guide to Lead Nurturing” http://marketo.com/DG2LN Page 44 © 2013 Marketo, Inc. @jonmiller
  • 45. The 3 R’s of Content Marketing REPURPOSE, REWRITE, REUSE Page 45 © 2013 Marketo, Inc. @jonmiller
  • 46. Repurpose Content Page 46 © 2013 Marketo, Inc. @jonmiller Source: Rebecca Lieb
  • 47. Rewrite and Redesign Before After Page 47 © 2013 Marketo, Inc. @jonmiller
  • 48. Reuse (Curate) • Relevant topic • Links to a valuable resource • Add useful commentary • Subtly suggests next steps Page 48 © 2013 Marketo, Inc. @jonmiller
  • 51. Business Value vs. Personal Value
  • 52. Marketing Business Value Is NOT Enough
  • 53. Move Lead Nurturing to Focus on Elephant – Not Rider
  • 54. Home Siding Campaign • 4 segmentations & email programs – – – – Promo Request for Info Request for Sample Request for Quote • No action. Pulled into drip campaign – 5 emails to tells customer journey • Consistent CTA of Request a Quote • A/B testing • Custom opt-outs to each email • Geo-targeting for email content
  • 56. 3 Ways to Get Started 1. Invest in Your Brand 2. Use Your Customers Language through Social Mining 3. Teach Your Customers Something NEW & Unexpected
  • 57. Invest In Your Brand: “Connection” leads to Conversion
  • 58. Social Mining: Mine the Trends. Mine the Sentiment.
  • 59. Don’t Add to the Noise
  • 60. Teach Something NEW or Unexpected
  • 61. Take Action: Become A Modern Marketer › The 3 Pillars of Modern Digital Marketing › Complete the Customer Profile › Convert from Broadcast to Personal › Create Customer Intimacy › Read the Full Report: bluewolf.com/marketo
  • 62. Measure and Prove Lead Nurturing ROI © 2013 Marketo, Inc. Marketo Proprietary and Confidential
  • 63. Importance of various factors in measuring the value of email marketing programs Page 63 © 2013 Marketo, Inc. @jonmiller
  • 65. Italian Workspace  Lead Nurturing Streams Joe Smith: Acme Inc.  Setup My Tokens Community + Members 2013 View: Dashboard ▼ Marketo’s Secret Sauce Streams: All Streams ▼ Summary Definitive Guide to Events Help Members Lead Nurturing 3,450 65 1.5% 55d Search… + Engagement Unsubscribe 50 35 Exhausted Paused Next Cast In Track Lead Scoring Best Practices Lead Management Best Practic Practical B2B Lead Generation Engagement Over Time Recently Updated Practical B2B Lead Generation 100 Added Mar 30, 2013 Sent 12,105 82 Sent 12,105 70 Thought Leadership Email Performance Report Thought Leadership 80 Edited Mar 25, 2013 Mar 18, 2013 Engagement: 60 Program Performance Lead Scoring Best Practices 60 Edited Mar 22, 2013 Sent 12,105 Lead Management Best Practice D… 40 Page 65 Search… © 2013 Marketo, Inc. Added Mar 18, 2013 Sent 12,105 Lead Scoring Best Practices Dec Jan @jonmiller Feb Mar Apr May Edited Mar 10, 2013 Sent 12,105 55 35 9
  • 66. A subject line is only as good as the revenue it generates. You don’t just want Opens; you want Leads! @jonmiller Page 66 © 2013 Marketo, Inc. @jonmiller
  • 67. Testing Program No Nurture Early Champion Refine Early Challenger Test 1: Day of Week Mid Champion Mid Challenger Refine Test 1: Day of Week Late Champion Refine Late Challenger Test 1: Day of Week Test 2: Cadence Test 2: Cadence Test 3: Time Test 3: Time Test 3: Time Test 4: Content Priority Test 4: Content Priority Test 4: Content Priority Test 5: Content Mix Page 67 © 2013 Marketo, Inc. Test 2: Cadence Test 5: Content Mix Test 5: Content Mix @jonmiller
  • 68. What Testing Can Measure • • • • • Improved engagement Higher conversion rates Shorter sales cycles Better win rates Higher average selling price (ASP) Page 68 © 2013 Marketo, Inc. @jonmiller
  • 69. Thanks for attending this webinar! Download and View this presentation on-demand at: http://dg-r.co/LNwebinar NOTE: URL is case sensitive. #LeadNurture