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Webinar -
         Drip Marketing: Marketers Guide to
            p         g
                  Lead Nurturing


                           Regalix Inc.
                          March 3, 2010




© 2010 Think Innovation                       1
Richa Mehta – Business Manager, Regalix

Leads the Drip Marketing team at Regalix Inc

Strategizing and implementing marketing campaigns for B2B
 and B2C clients

Leverage digital marketing channels like Drip, SMO, SEO,
 Email marketing etc. to achieve their marketing goals &
                  etc
 objectives

Over 5 yrs of marketing experience



                                                             2
Overview

Introduction
Why Drip Marketing
    y    p        g
Drip Marketing
Outcome
Best Practices
Drip Workflow
Case S d
C    Study




       © 2010 Think Innovation              3
Does i W k?
D    it Work?
                                               Is it for Me?
                              DRIP MARKETING


                              What is Drip
                              Marketing?
                              M k i ?



Is it worth it?                     How do I get Started?


                What are the results?


    © 2010 Think Innovation                                    4
Why Drip Marketing

Drivers

 Longer sales cycle
    Only 20% of leads are followed
     up
    Sales typically disqualifies 70%
     of leads based on lack of budget,
                                 budget
     timing, etc.
    80% of those “bad leads” do go
     onto buy within 24 months
 N d f l d management
  Need for lead      t

Benefits
                                                      An estimated 70 90% of leads
                                                                   70-90%
                                                      generated by marketing are
 Lower lead acquisition cost                         never followed-up with by sales
 Increase retention rates
                                                      Source: MarketingSherpa
              © 2010 Think Innovation                                                   5
Drip Marketing

Nurture program that sends out series of messages on a timely basis
 Initiates conversation with prospects and customers over a
  period of time
 Maps Content to the customer decision making cycle
 Scores leads to understand where they are in the decision making cycle
 Reclassifies leads based on engagement
 Keeps the leads warm till they're ready to buy!




According to the Direct Marketing Association, a
prospect will need to see/hear your message 3 times to
recognize you and a minimum of 9 times to make a sale
               © 2010 Think Innovation                                     6
Outcome

 Closes the lead management
  gap

 Improves ROI of marketing
  spend by ‘plugging the leaks’
  in lead management

 Keeps your prospects
  engaged through targeted
  content decision making
  cycle

 Improves quality of leads                       Take Aways
                                                   Increased lead conversion rates
                                                   Shorter & effective sales cycle
                                                   Better qualified leads




              © 2010 Think Innovation                                                 7
Best Practices

 Communicate
    Know your prospects
    Offer new, useful and actionable
       ff           f
     information in every communication


 Plan
    Plan something new every month
    Regulate your frequency


 Measure and Track
    Use tools for automation
    Reclassify leads




                    Ultimately, it s
                    Ultimately it’s all about numbers and conversions!


          © 2010 Think Innovation                                        8
Sample Drip Workflow
                                             MAILER




                                 YES
                                                                 NO      WAIT 15 DAYS TO
                                            OPENED                       SEND NEXT
                                                                         MAILER

             ANALYZE
            BROWSING
            BEHAVIOR




                                 NO    LEAD CLASSIFICATION,           ANOTHER
          CALL TO
                                       SCORING BASED ON               PERSONALIZED
          ACTION
                                       BROWSING BEHAVIOR              MAILER AFTER 7
          FOLLOWED
                                                                      DAYS

        YES

       * LEAD
       CLASSIFICATION,
       SCO
       SCORING, BASED
              G,  S
       ON ENGAGEMENT


                                                                  PLACE IN SALES
     ANOTHER
                                       DEFINE SCORE               READY BUCKET
     PERSONALIZED
                                        THRESHOLD                 AND FORWARD TO
     MAILER AFTER 7
                                                                  SALES TEAM
     DAYS


*Lead classification is defined based on engagement, profile, browsing behavior.

    © 2010 Think Innovation                                                                9
Case Study – Drip Marketing
Drip Marketing helped the Client, a leading
open source search provider :
   Increase lead engagement                          The graph below shows progress from August
                                                      to January
   Identify hot prospects
   Complete Lead Profiles
   Create touch points
   Develop targeted Collateral

 Table below shows increase in lead
 engagement

    Activities                 August       January
    Program                    608          1368
    Engagement
    (Downloads)
    Hot Prospects              75           358
    Total Leads                1708         5414
    Total Score                6795         24754
    Average Score              3.98         4.57


                  © 2010 Think Innovation                                                      10
Case Study – Drip Marketing

Profile Completeness - The graph shows the progress in profile completion from August to January




               © 2010 Think Innovation                                                             11
Awareness




                   Conversion
                                DRIP         Relationship




                                Automation
                                       i




© 2010 Think Innovation                                     12
Srihari Kumar – CEO,
                       (srihari@leadforce1.com)
                       (srihari@leadforce1 com)
 Serial entrepreneur and co-founder of several successful Silicon Valley
  startups like – InMage Systems, Vxtreme, Yodlee and Ringcube.

 CEO of LeadForce1 – a revolutionary player in the enterprise lead
  generation space.

 Provides leadership on strategy, execution and product strategy

 B.S. from the Indian Institute of Technology (IIT), Chennai, an M.S. in
  Computer Science from Washington University, and an MBA with honors
  from the Wharton School of Business.

 Holds patents, published papers and spoken at several conferences.



                                                                            13
About




Leader in next-generation marketing automation -
 Marketing Automation 2.0.
Game-changing real-time marketing automation
G       h   i      l ti     k ti      t   ti
 solution
  enterprises that converts online visits into qualified sales leads
        p                                       q
  determines website visitor interest and intent
   enables sales teams to reach decision-makers more effectively
   and
  close deals faster using patented business intelligence and data
   mining technology.
Hundreds of Fortune 500 & SMB Customers
                                                                            14
                                                       Copyright © LeadForce1 Inc.
Drip Marketing

Who It's Good For
  Drip marketing is ideal for high-value products with a long
   sales cycle, especially big-ticket items which are purchased at
                            big ticket
   infrequent intervals.

Kissing the Minimum Number of Frogs
  On a percentage basis, drip marketing is not very efficient. It
   requires you to contact a number of people a number of times to
   drive sales.
  Properly done, it can turn up many good prospects. But it does
   mean that you need to carefully focus your drip-marketing
   efforts.
  Paradoxically, while drip marketing uses mass-marketing
   techniques like email, it becomes most effective when the
   messages are customized for specific audiences.


                                                        Copyright © LeadForce1 Inc.
Copyright © LeadForce1 Inc.
Kissing the Least Number of Frogs: Pitfall #1 of
                Lead Nurturing


    The Spam Trap
          p      p
       Too many generic emails, too often.
       Badly done drip marketing will backfire. Prospects will
        surely remember you but will not want to deal with you.
                                                            you




    Solution: Do not bombard prospects with irrelevant or
      uninteresting messages. Understand their intent before
      touching them




                                                    Copyright © LeadForce1 Inc.
Kissing the Least Number of Frogs: Pitfall #2 of
                Lead Nurturing
                             g


     Prospect Fatigue in Filling Out Forms
          p        g            g
        Every call to action has a long form to be filled
        Prospects hate to fill out forms especially multiple
         times

     Solution: Proactive, automated, inferred completion of
       profiles using Data Mining techniques




                                                      Copyright © LeadForce1 Inc.
Kissing the Least Number of Frogs: Pitfall #3 of
                Lead Nurturing
                             g


     Simplistic criteria triggering g
         p                   gg    g generic
      emails
        Every form fill gets an automated email
        Prospects get a bi weekly or monthly generic email
                          bi-weekly
         newsletter

     Solution: Trigger Nurturing Actions Based on Complex
       Criteria




                                                   Copyright © LeadForce1 Inc.
Kissing the Least Number of Frogs: Pitfall #4 of
                Lead Nurturing
                             g


     Asleep at the wheel – Not Detecting When
           p                            g
      the Prospect is Sales Ready
        Sales Ready Leads Still in Nurturing Process
        Prospect s
        Prospect’s Readiness to Buy Goes Undetected

     Solution: Real-time Detection of When the Prospect is
       Ready
       Read to B
               Buy




                                                  Copyright © LeadForce1 Inc.
Kissing the Least Number of Frogs: Pitfall #5 of
                Lead Nurturing


     Delays in Connecting with Prospects who
          y              g          p
      Demonstrated Readiness
        Kellogg Study Showed that Chances of Closing Falls
         Off Exponentially Unless the Salesperson Connects
         within 20 Minutes of the Prospect Showing Readiness
         on the Website

     Solution: Real Time Connects to Hot Prospects Who
       Demonstrate Readiness




                                                  Copyright © LeadForce1 Inc.
Prospect
                       Intent
                    Tracking for
                      Relevant       Proactive
                     Messaging      Completion
                                    of P
                                      f Prospectt
                                    Profile Using
                                    Data Mining
  Real Time
Connects to Hot   Successful Drip
Prospects Who     Marketing MUST
 Demonstrate
  Readiness           HAVE
                                         Trigger
                                        Nurturing
                  Detection of           Actions
                   When the             Based on
                  Prospect is           Complex
                   Ready to
                         y               Criteria
                      Buy

                                     Copyright © LeadForce1 Inc.
Companies /
Individuals
I di id l
interested in
“Automatic
Investing”
                  Prospect
                  P        t
                    Intent
                Tracking for
                  Relevant
                 Messaging
Who is
Interested in
“Automatic
Investing”?




                               Copyright © LeadForce1 Inc.
Enterprise Visitors with Titles Containing “Litigation Support”
Are Interested Primarily in “Storage Optimization” &
“Scalability Performance
 Scalability Performance”




                                           Prospect
                                            Intent
                                         Tracking for
                                           Relevant
                                          Messaging




                                                    Copyright © LeadForce1 Inc.
Visitor Intelligence

                                     Proactive
                                    Completion
                                    of Prospect
                                    Profile Using
                                    Data Mining




   Prospect Filled
                 LeadForce1 Completed the
   out Only the F ll
                 Following:
                         i
   Email Address Company Name, Location
                 •
                 • Full Name, Title, Phone Number
                 • LinkedIn Info, Photograph
                 •DDegree of S
                           f Separation t Convert
                                     ti  to C    t
                 to Warm Introduction

                                      Copyright © LeadForce1 Inc.
Geography
     Industry
     Vertical
           Size of
           Company
             Intent

           Time
           Spent
  Repeat
  Visits




                          Trigger
                         Nurturing
                          Actions
                         Based on
                         Complex
                          Criteria


                      Copyright © LeadForce1 Inc.
Inside Sales / Sales dials their personal bridge and specifies the list to be called
and hits the “Call Selected” button.



                                                            Real Time
                                                          Connects to Hot
                                                          Prospects Who
                                                           Demonstrate
                                                            Readiness




                                                                       Copyright © LeadForce1 Inc.
Melissa Diemert demonstrated seriousness by clicking through on an email and filling
out a form deemed to be “Sales Ready”. LeadForce1 pushed Melissa to the top of the
calling list to be called next. As a result, salespeople are able to connect to a serious
prospect within minutes of their demonstrating interest



                                                            Real Time
                                                          Connects to Hot
                                                          Prospects Who
                                                           Demonstrate
                                                            Readiness




                                                                       Copyright © LeadForce1 Inc.
About Regalix

 Forefront of Online Marketing, Research and Web 2.0 portals

 Multi-disciplinary Leadership Team
  Multi disciplinary

 Fortune 500 and Venture-Backed Customers (B2B and B2C)

 Global Operations: HQ in Silicon Valley, 4 Offices
                                   Valley

 150+ Team, Built on 8+ years of research

 Recognition




                                                                29

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Drip Marketing: Marketers Guide to Lead Nurturing

  • 1. Webinar - Drip Marketing: Marketers Guide to p g Lead Nurturing Regalix Inc. March 3, 2010 © 2010 Think Innovation 1
  • 2. Richa Mehta – Business Manager, Regalix Leads the Drip Marketing team at Regalix Inc Strategizing and implementing marketing campaigns for B2B and B2C clients Leverage digital marketing channels like Drip, SMO, SEO, Email marketing etc. to achieve their marketing goals & etc objectives Over 5 yrs of marketing experience 2
  • 3. Overview Introduction Why Drip Marketing y p g Drip Marketing Outcome Best Practices Drip Workflow Case S d C Study © 2010 Think Innovation 3
  • 4. Does i W k? D it Work? Is it for Me? DRIP MARKETING What is Drip Marketing? M k i ? Is it worth it? How do I get Started? What are the results? © 2010 Think Innovation 4
  • 5. Why Drip Marketing Drivers  Longer sales cycle  Only 20% of leads are followed up  Sales typically disqualifies 70% of leads based on lack of budget, budget timing, etc.  80% of those “bad leads” do go onto buy within 24 months  N d f l d management Need for lead t Benefits An estimated 70 90% of leads 70-90% generated by marketing are  Lower lead acquisition cost never followed-up with by sales  Increase retention rates Source: MarketingSherpa © 2010 Think Innovation 5
  • 6. Drip Marketing Nurture program that sends out series of messages on a timely basis  Initiates conversation with prospects and customers over a period of time  Maps Content to the customer decision making cycle  Scores leads to understand where they are in the decision making cycle  Reclassifies leads based on engagement  Keeps the leads warm till they're ready to buy! According to the Direct Marketing Association, a prospect will need to see/hear your message 3 times to recognize you and a minimum of 9 times to make a sale © 2010 Think Innovation 6
  • 7. Outcome  Closes the lead management gap  Improves ROI of marketing spend by ‘plugging the leaks’ in lead management  Keeps your prospects engaged through targeted content decision making cycle  Improves quality of leads Take Aways  Increased lead conversion rates  Shorter & effective sales cycle  Better qualified leads © 2010 Think Innovation 7
  • 8. Best Practices  Communicate  Know your prospects  Offer new, useful and actionable ff f information in every communication  Plan  Plan something new every month  Regulate your frequency  Measure and Track  Use tools for automation  Reclassify leads Ultimately, it s Ultimately it’s all about numbers and conversions! © 2010 Think Innovation 8
  • 9. Sample Drip Workflow MAILER YES NO WAIT 15 DAYS TO OPENED SEND NEXT MAILER ANALYZE BROWSING BEHAVIOR NO LEAD CLASSIFICATION, ANOTHER CALL TO SCORING BASED ON PERSONALIZED ACTION BROWSING BEHAVIOR MAILER AFTER 7 FOLLOWED DAYS YES * LEAD CLASSIFICATION, SCO SCORING, BASED G, S ON ENGAGEMENT PLACE IN SALES ANOTHER DEFINE SCORE READY BUCKET PERSONALIZED THRESHOLD AND FORWARD TO MAILER AFTER 7 SALES TEAM DAYS *Lead classification is defined based on engagement, profile, browsing behavior. © 2010 Think Innovation 9
  • 10. Case Study – Drip Marketing Drip Marketing helped the Client, a leading open source search provider :  Increase lead engagement The graph below shows progress from August to January  Identify hot prospects  Complete Lead Profiles  Create touch points  Develop targeted Collateral Table below shows increase in lead engagement Activities August January Program 608 1368 Engagement (Downloads) Hot Prospects 75 358 Total Leads 1708 5414 Total Score 6795 24754 Average Score 3.98 4.57 © 2010 Think Innovation 10
  • 11. Case Study – Drip Marketing Profile Completeness - The graph shows the progress in profile completion from August to January © 2010 Think Innovation 11
  • 12. Awareness Conversion DRIP Relationship Automation i © 2010 Think Innovation 12
  • 13. Srihari Kumar – CEO, (srihari@leadforce1.com) (srihari@leadforce1 com)  Serial entrepreneur and co-founder of several successful Silicon Valley startups like – InMage Systems, Vxtreme, Yodlee and Ringcube.  CEO of LeadForce1 – a revolutionary player in the enterprise lead generation space.  Provides leadership on strategy, execution and product strategy  B.S. from the Indian Institute of Technology (IIT), Chennai, an M.S. in Computer Science from Washington University, and an MBA with honors from the Wharton School of Business.  Holds patents, published papers and spoken at several conferences. 13
  • 14. About Leader in next-generation marketing automation - Marketing Automation 2.0. Game-changing real-time marketing automation G h i l ti k ti t ti solution enterprises that converts online visits into qualified sales leads p q determines website visitor interest and intent  enables sales teams to reach decision-makers more effectively and close deals faster using patented business intelligence and data mining technology. Hundreds of Fortune 500 & SMB Customers 14 Copyright © LeadForce1 Inc.
  • 15. Drip Marketing Who It's Good For Drip marketing is ideal for high-value products with a long sales cycle, especially big-ticket items which are purchased at big ticket infrequent intervals. Kissing the Minimum Number of Frogs On a percentage basis, drip marketing is not very efficient. It requires you to contact a number of people a number of times to drive sales. Properly done, it can turn up many good prospects. But it does mean that you need to carefully focus your drip-marketing efforts. Paradoxically, while drip marketing uses mass-marketing techniques like email, it becomes most effective when the messages are customized for specific audiences. Copyright © LeadForce1 Inc.
  • 17. Kissing the Least Number of Frogs: Pitfall #1 of Lead Nurturing The Spam Trap p p Too many generic emails, too often. Badly done drip marketing will backfire. Prospects will surely remember you but will not want to deal with you. you Solution: Do not bombard prospects with irrelevant or uninteresting messages. Understand their intent before touching them Copyright © LeadForce1 Inc.
  • 18. Kissing the Least Number of Frogs: Pitfall #2 of Lead Nurturing g Prospect Fatigue in Filling Out Forms p g g Every call to action has a long form to be filled Prospects hate to fill out forms especially multiple times Solution: Proactive, automated, inferred completion of profiles using Data Mining techniques Copyright © LeadForce1 Inc.
  • 19. Kissing the Least Number of Frogs: Pitfall #3 of Lead Nurturing g Simplistic criteria triggering g p gg g generic emails Every form fill gets an automated email Prospects get a bi weekly or monthly generic email bi-weekly newsletter Solution: Trigger Nurturing Actions Based on Complex Criteria Copyright © LeadForce1 Inc.
  • 20. Kissing the Least Number of Frogs: Pitfall #4 of Lead Nurturing g Asleep at the wheel – Not Detecting When p g the Prospect is Sales Ready Sales Ready Leads Still in Nurturing Process Prospect s Prospect’s Readiness to Buy Goes Undetected Solution: Real-time Detection of When the Prospect is Ready Read to B Buy Copyright © LeadForce1 Inc.
  • 21. Kissing the Least Number of Frogs: Pitfall #5 of Lead Nurturing Delays in Connecting with Prospects who y g p Demonstrated Readiness Kellogg Study Showed that Chances of Closing Falls Off Exponentially Unless the Salesperson Connects within 20 Minutes of the Prospect Showing Readiness on the Website Solution: Real Time Connects to Hot Prospects Who Demonstrate Readiness Copyright © LeadForce1 Inc.
  • 22. Prospect Intent Tracking for Relevant Proactive Messaging Completion of P f Prospectt Profile Using Data Mining Real Time Connects to Hot Successful Drip Prospects Who Marketing MUST Demonstrate Readiness HAVE Trigger Nurturing Detection of Actions When the Based on Prospect is Complex Ready to y Criteria Buy Copyright © LeadForce1 Inc.
  • 23. Companies / Individuals I di id l interested in “Automatic Investing” Prospect P t Intent Tracking for Relevant Messaging Who is Interested in “Automatic Investing”? Copyright © LeadForce1 Inc.
  • 24. Enterprise Visitors with Titles Containing “Litigation Support” Are Interested Primarily in “Storage Optimization” & “Scalability Performance Scalability Performance” Prospect Intent Tracking for Relevant Messaging Copyright © LeadForce1 Inc.
  • 25. Visitor Intelligence Proactive Completion of Prospect Profile Using Data Mining Prospect Filled LeadForce1 Completed the out Only the F ll Following: i Email Address Company Name, Location • • Full Name, Title, Phone Number • LinkedIn Info, Photograph •DDegree of S f Separation t Convert ti to C t to Warm Introduction Copyright © LeadForce1 Inc.
  • 26. Geography Industry Vertical Size of Company Intent Time Spent Repeat Visits Trigger Nurturing Actions Based on Complex Criteria Copyright © LeadForce1 Inc.
  • 27. Inside Sales / Sales dials their personal bridge and specifies the list to be called and hits the “Call Selected” button. Real Time Connects to Hot Prospects Who Demonstrate Readiness Copyright © LeadForce1 Inc.
  • 28. Melissa Diemert demonstrated seriousness by clicking through on an email and filling out a form deemed to be “Sales Ready”. LeadForce1 pushed Melissa to the top of the calling list to be called next. As a result, salespeople are able to connect to a serious prospect within minutes of their demonstrating interest Real Time Connects to Hot Prospects Who Demonstrate Readiness Copyright © LeadForce1 Inc.
  • 29. About Regalix  Forefront of Online Marketing, Research and Web 2.0 portals  Multi-disciplinary Leadership Team Multi disciplinary  Fortune 500 and Venture-Backed Customers (B2B and B2C)  Global Operations: HQ in Silicon Valley, 4 Offices Valley  150+ Team, Built on 8+ years of research  Recognition 29