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Why You Need Marketing Automation
GW (George) Leith
www.georgeleith.com
CONTACTCONTACT
November 25 2015
Product Insider
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that highlights new features, plans and
concepts.
Contact support@vendasta.com if you’d like to
receive Vendasta’s Product Insider.
But first…
You Need This!
The Beta Program
Join by turning it on in
Partner Central.
> Customize
> General Product Settings
> Switch on “Enroll in Beta Program”
Reputation Management
View listing accuracy of Review Generation site suggestions
Social Marketing
Twitter leads moving to new leads tab
Marketing Automation
Why you need it!
2015 and 2016 will be remembered as the
years of marketing automation.
BUT...
Background
“Traditional media companies that fail to actively
restructure and innovate around sales and sales
automation today will see a further erosion of
market share tomorrow, ceding revenue to the
growing list of digital competitors and alternatives
in the local digital market.”
Greg Sterling, VP of strategy
and insights, Local Search
Association
Background
● On average, it takes 59% of businesses up to six months to
fully adopt and implement a marketing automation platform 4
● 61% agree the implementation process is difficult 5
● 85% of B2B companies using marketing automation
platforms feel they’re not using them to their full potential 6
Obstacles that Prevent More Effective Use of Marketing Automation
Budget constraints
Poor integration between sales and marketing
Poor infrastructure to collect/analyze data
Lack of lead data & support from sales
Complexity of marketing automation software
Inability to find trained employees
Poorly defined ROI
Compatibility/interoperability issues
Belief that current methods are ok
Lack of performance standards
Source: B2BOnline, Marketing Automation: Best Practices in a Rapidly Changing World
32%
32%
30%
30%
23%
19%
17%
14%
12%
12%
So basically….
Challenge
Aside from budget, the main
obstacles with marketing
automation are integration,
complexity, and lack of data.
In other words: nothing is easy
or automated about it.
Solutions
What’s needed:
1) Smarter systems
2) Niche platforms that address the unique
needs for different spaces.
Start by thinking of your key stakeholders. What does each of
them need to do their jobs better?
Bob, Sales Manager Vern, Sales Rep Sally, Business Owner
What do Managers want?
● In-premise visits or calls—but how
do they get the appointment?
● Expectation management for the
manager’s team (and the data to
hold them accountable)
● Best sales practices and pipeline
management with robust analytics
What do Managers want?
● Lead analytics: time to connect,
number of connections, etc.
● Ability to track process after the lead
● Easy provisioning and fulfillment
● Marketing after the sale to grow
share of wallet
What do Managers want?
Campaigns that follow best practices:
○ Contact leads 10x for max engagement
○ Alerts upon engagement
■ Responding to web-generated leads
within 5 minutes equals 900% increase in
conversion7
■ The odds of calling to contact a lead
decrease by over 10x in the first hour7
What do Managers want?
● Out-of-the-box resources
○ Pre-written content, templates,
nurture campaigns proven to
produce results, etc.
● System that adapts to his/her pipeline
and doesn’t push more leads or
throttle leads based on availability
What do local businesses want?
● Relevant, prescriptive content
● Education: solutions to the problems they’re
facing (and the ones they don’t know they
have)
■ Marketing is about being helpful
● An agency of record; one login and one
contact for all of their marketing solutions
● To know how they compare to competitors
Local businesses trust their reps
Importance of Having a Dedicated Sales Rep When Making Marketing Decisions
They also want simple solutions
The Core
● Usual suspects: Lead source management, lead scoring, email
systems, rules-based delivery logic, etc.
● Automated, personalized content to drive engagement
● Easy onboarding process, lower cost of acquisition
● Close connectivity between sales and marketing
CommonHardtofind
Uncovering Content
Content is the most critical component for any marketing
campaign. It needs to be relevant, timely, valuable,
personalized and permission-based.
Uncovering Content
Costs for a simple 4 email campaign
Strategy & planning $50/hour/person x 1-2 days
Labour (designer, copywriter, email
testing, etc.)
$50/hour/person x 2-3 days
Images licensing $50 - $100
Opportunity costs ???
Total $5,000+
Provide a Report, Capture a Lead
Tips for capturing a local business owner’s attention:
● Give businesses a report with their grade
○ Embrace the “report of pain” mentality
● Compare them to others in the industry
● Create a rock-solid script that can speak to all
pain points and opportunities when they/you
call
27.4% 31.3%
Open Rates Click-Through Rates
OMG, it’s about me!
Industry Avg: 15.2%8 Industry Avg:
6.3%8
Up to 50% Up to 75%
Take Advantage of the Data
Now that you’re sending relevant and
personalized content, take action on it
immediately!
● See who’s opening emails and engaging with content
● Reach out to the ones who are engaged ASAP
● If at first you don’t succeed, try again (and again and again...)
● Talk to the SMB’s pain points based on the content they
interacted with
Prepare
Tip #379: Have a talk-track for every scenario
Tying content to automation
Personalized content
automatically generated
Customer interacts
with content
Assigned sales rep
receives an alert
Sales rep follows up
with the hot lead
1 2 3 4
You’ve got a Hot Lead!
● Tie your real-time
engagement data
into notification
system
● Create a culture
of responding to
qualified leads
immediately
(within 5 minutes)
Connecting is Tough
● In 2007, it took an average of 3.68 cold call attempts to reach a prospect; today, it takes 8
attempts.9
● Only 2% of sales are made on the first contact, while 80% of sales are made on the fifth
to twelfth contact10
○ 44% of sales people give up after one "no", 22% give up after two "nos", and 14% give
up after three "nos"11
● The average salesperson makes 8 dials an hour and prospects for 6.25 hours to set one
appointment9
Best Day
Do you know your best
sales day?
Best Time
Do you
know your
best sales
time?
Evergreen Marketing
What is evergreen marketing?
Continually marketing to prospects on
an ongoing basis until they have
signed up for all relevant products and
services.
In a perfect world, this is a never-
ending campaign that delivers
automated content to your customers
based on which products they don’t
have.
Modesto Bee Case Study
730
Prospects
359
34% Open
49% CTR
49.2%
Prospect > Lead
Conversion
$55K+
In Revenue
Onboarding
Don’t forget about Bob the sales manager.
He’s looking for:
● Smooth onboarding
● Easy provisioning
● Marketing after the sale to
grow share of wallet
Tracking & Analytics
For marketing automation to be successful, it must be
closely tied to your CRM.
● Simple reports and to-dos for reps
○ Make it easy to see how their
pipeline looks and what they
have to do next
● Remove as much manual reporting
from your process as possible
Questions?
George Leith
Vice President of Sales
Premium Sales Team
Ches George Jed Jackie Song
Lorie Blair Michael Chris Darren
Inside Sales Team
Todd Ryan Landon Rylan Simon
RafJeff Justin Michael Taylor Michael
Cameron
Sales Success Team
AmyMandi Michelle
Partner Success Team
CherylRichard
Sales Development Team
Julia Tim
GW (George) Leith
Vice President of Sales
306-955-5512 Ext 128
306-715-4664 Cdn. Cell
702-701-2556 US Cell
gleith@vendasta.com
220 3rd Ave. S.
Saskatoon, Sk Canada
S7K 1M1
CONTACTCONTACT

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Why agencies need marketing automation to succeed

  • 1. Why You Need Marketing Automation
  • 4. Product Insider The Product Insider is a weekly newsletter that highlights new features, plans and concepts. Contact support@vendasta.com if you’d like to receive Vendasta’s Product Insider.
  • 7. The Beta Program Join by turning it on in Partner Central. > Customize > General Product Settings > Switch on “Enroll in Beta Program”
  • 8. Reputation Management View listing accuracy of Review Generation site suggestions
  • 9. Social Marketing Twitter leads moving to new leads tab
  • 11. 2015 and 2016 will be remembered as the years of marketing automation. BUT...
  • 12. Background “Traditional media companies that fail to actively restructure and innovate around sales and sales automation today will see a further erosion of market share tomorrow, ceding revenue to the growing list of digital competitors and alternatives in the local digital market.” Greg Sterling, VP of strategy and insights, Local Search Association
  • 13. Background ● On average, it takes 59% of businesses up to six months to fully adopt and implement a marketing automation platform 4 ● 61% agree the implementation process is difficult 5 ● 85% of B2B companies using marketing automation platforms feel they’re not using them to their full potential 6
  • 14. Obstacles that Prevent More Effective Use of Marketing Automation Budget constraints Poor integration between sales and marketing Poor infrastructure to collect/analyze data Lack of lead data & support from sales Complexity of marketing automation software Inability to find trained employees Poorly defined ROI Compatibility/interoperability issues Belief that current methods are ok Lack of performance standards Source: B2BOnline, Marketing Automation: Best Practices in a Rapidly Changing World 32% 32% 30% 30% 23% 19% 17% 14% 12% 12% So basically….
  • 15. Challenge Aside from budget, the main obstacles with marketing automation are integration, complexity, and lack of data. In other words: nothing is easy or automated about it.
  • 16. Solutions What’s needed: 1) Smarter systems 2) Niche platforms that address the unique needs for different spaces. Start by thinking of your key stakeholders. What does each of them need to do their jobs better?
  • 17. Bob, Sales Manager Vern, Sales Rep Sally, Business Owner
  • 18. What do Managers want? ● In-premise visits or calls—but how do they get the appointment? ● Expectation management for the manager’s team (and the data to hold them accountable) ● Best sales practices and pipeline management with robust analytics
  • 19. What do Managers want? ● Lead analytics: time to connect, number of connections, etc. ● Ability to track process after the lead ● Easy provisioning and fulfillment ● Marketing after the sale to grow share of wallet
  • 20. What do Managers want? Campaigns that follow best practices: ○ Contact leads 10x for max engagement ○ Alerts upon engagement ■ Responding to web-generated leads within 5 minutes equals 900% increase in conversion7 ■ The odds of calling to contact a lead decrease by over 10x in the first hour7
  • 21. What do Managers want? ● Out-of-the-box resources ○ Pre-written content, templates, nurture campaigns proven to produce results, etc. ● System that adapts to his/her pipeline and doesn’t push more leads or throttle leads based on availability
  • 22. What do local businesses want? ● Relevant, prescriptive content ● Education: solutions to the problems they’re facing (and the ones they don’t know they have) ■ Marketing is about being helpful ● An agency of record; one login and one contact for all of their marketing solutions ● To know how they compare to competitors
  • 23. Local businesses trust their reps Importance of Having a Dedicated Sales Rep When Making Marketing Decisions
  • 24. They also want simple solutions
  • 25. The Core ● Usual suspects: Lead source management, lead scoring, email systems, rules-based delivery logic, etc. ● Automated, personalized content to drive engagement ● Easy onboarding process, lower cost of acquisition ● Close connectivity between sales and marketing CommonHardtofind
  • 26. Uncovering Content Content is the most critical component for any marketing campaign. It needs to be relevant, timely, valuable, personalized and permission-based.
  • 27. Uncovering Content Costs for a simple 4 email campaign Strategy & planning $50/hour/person x 1-2 days Labour (designer, copywriter, email testing, etc.) $50/hour/person x 2-3 days Images licensing $50 - $100 Opportunity costs ??? Total $5,000+
  • 28. Provide a Report, Capture a Lead Tips for capturing a local business owner’s attention: ● Give businesses a report with their grade ○ Embrace the “report of pain” mentality ● Compare them to others in the industry ● Create a rock-solid script that can speak to all pain points and opportunities when they/you call
  • 29.
  • 30.
  • 31. 27.4% 31.3% Open Rates Click-Through Rates OMG, it’s about me! Industry Avg: 15.2%8 Industry Avg: 6.3%8 Up to 50% Up to 75%
  • 32. Take Advantage of the Data Now that you’re sending relevant and personalized content, take action on it immediately! ● See who’s opening emails and engaging with content ● Reach out to the ones who are engaged ASAP ● If at first you don’t succeed, try again (and again and again...) ● Talk to the SMB’s pain points based on the content they interacted with
  • 33. Prepare Tip #379: Have a talk-track for every scenario
  • 34. Tying content to automation Personalized content automatically generated Customer interacts with content Assigned sales rep receives an alert Sales rep follows up with the hot lead 1 2 3 4
  • 35. You’ve got a Hot Lead! ● Tie your real-time engagement data into notification system ● Create a culture of responding to qualified leads immediately (within 5 minutes)
  • 36. Connecting is Tough ● In 2007, it took an average of 3.68 cold call attempts to reach a prospect; today, it takes 8 attempts.9 ● Only 2% of sales are made on the first contact, while 80% of sales are made on the fifth to twelfth contact10 ○ 44% of sales people give up after one "no", 22% give up after two "nos", and 14% give up after three "nos"11 ● The average salesperson makes 8 dials an hour and prospects for 6.25 hours to set one appointment9
  • 37. Best Day Do you know your best sales day?
  • 38. Best Time Do you know your best sales time?
  • 39. Evergreen Marketing What is evergreen marketing? Continually marketing to prospects on an ongoing basis until they have signed up for all relevant products and services. In a perfect world, this is a never- ending campaign that delivers automated content to your customers based on which products they don’t have.
  • 40. Modesto Bee Case Study 730 Prospects 359 34% Open 49% CTR 49.2% Prospect > Lead Conversion $55K+ In Revenue
  • 41. Onboarding Don’t forget about Bob the sales manager. He’s looking for: ● Smooth onboarding ● Easy provisioning ● Marketing after the sale to grow share of wallet
  • 42. Tracking & Analytics For marketing automation to be successful, it must be closely tied to your CRM. ● Simple reports and to-dos for reps ○ Make it easy to see how their pipeline looks and what they have to do next ● Remove as much manual reporting from your process as possible
  • 44. Premium Sales Team Ches George Jed Jackie Song Lorie Blair Michael Chris Darren
  • 45. Inside Sales Team Todd Ryan Landon Rylan Simon RafJeff Justin Michael Taylor Michael Cameron
  • 49. GW (George) Leith Vice President of Sales 306-955-5512 Ext 128 306-715-4664 Cdn. Cell 702-701-2556 US Cell gleith@vendasta.com 220 3rd Ave. S. Saskatoon, Sk Canada S7K 1M1 CONTACTCONTACT