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Archive for the "Measurement" Category

Not all leads are created equal

April 1st, 2011 | Colleen Marinelli

I recently came across this article in B2B Magazine about how marketers should target their most profitable accounts.  http://www.btobonline.com/article/20110120/FREE/110129994/how-should-marketers-target-their-most-profitable-accounts

The article mentions that marketers are paying little attention to identifying, marketing and selling to their organizations strategic accounts.  While a lead can be identified as a contact wanting to learn more about a vendor, a named account program provides multiple contacts at the account level.  Why is this so important?  It’s those strategic accounts that are responsible for growing the business and gives sales the opportunity to connect with these accounts.  Named accounts are typically large organizations with multiple departments.  A named account programs provide sales with multi-level relationships at the account level for maximum return on investment.

The key to these account programs is to customize your email marketing and advertising plans to only target those accounts.  This can be done by sharing the account list with advertising vendors who can create customized lists guaranteeing the return on investment.  As a marketer, do you see the value in this type of marketing strategy?  What are some of the market proven methods you have used to develop and manage a named account program?

Nurture your leads with success using an intelligent messaging program

March 30th, 2011 | Sandra Sandoval

It seems every technology company has their own processes established for lead follow-up.  Some companies employ a team to pre-qualify leads before being passed on to Sales.  Other companies route all of their leads directly to Sales for immediate follow-up.  Then there’s the concept of email nurturing.   A recent article titled, Lead Nurturing: The New Tech Marketing Frontier talks about how to build a lead nurturing program that will deliver results.  This involves an active process of targeting the prospect with messaging that is relevant and consistent.

Great content is also key to a successful nurturing program – according to the article, “it should be educational in nature, promote thought leadership, and go deep.  Great content gets responses and gets you invited into deeper conversations with prospects.”  You want to persuade your leads to take next steps that create transitions forward in their buying journey.  Naturally, you should have appropriate content that speaks to prospects at every phase of the decision making process.

I always recommend to clients based on experience that having an intelligent content strategy means having content available that speaks to users in all phases of the buy cycle.  This means you need to have content that’s classified into the following three buckets – Awareness, Consideration, and Decision.  The key to successful email nurturing is to message prospects with content that will lead them further along the buy cycle.  For example, take a prospect early on in doing their research – they downloaded an Awareness piece of content. The appropriate next step is to offer up content that may speak to actual product comparisons, for example.

One of my clients, AMD, currently has a Custom Activity Nurturing program in place with TechTarget.  Their strategy originally began with the simple principle of nurturing prospects with content based on respondent’s purchase timeframe responses. So for example, if a prospect said their purchase timeframe was “immediate,” we messaged them with content that late-phase product-oriented.  Click through rates seen were about average in terms of what we saw across other Custom Activity Nurturing programs, right at around a 2.44% CTR.

AMD has since renewed that program, but made a slight tweak to how the nurturing works.  We incorporated a new custom question into their mix, asking prospects if they are open to considering solutions from another vendor.  If the prospect answered yes, we messaged them with “Decision” content (example: “AMD Opteron 6000 Series Platform and Microsoft Windows Server 2008 R2 Platform for Next Generation of Smart IT”).  If the prospect answered “maybe,” they were messaged with “consideration” content (example: “Frequently Asked Questions about Virtualization and the Microsoft/AMD Solution”).  If the prospect answered “no,” we then looked at how they responded to the purchase timeframe question, and messaged similar to how we did in Phase I of their program. This program saw a dramatic increase in the CTR seen from re-messaging emails sent after the change had been made, with the CTR increasing to 3.39% CTR.

If your organization is currently brainstorming ways to fine-tune your nurturing strategy, consider putting in place a program similar to how AMD is messaging their prospects. This is great way to persuade your leads to take the next steps that create transitions forward in their buying journey!

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Proving ROI ahead of the curve, now the next steps…

June 23rd, 2009 | Leslie Hitchcock

A few weeks ago, I was reading the New York Times (the online version, of course) and came across an article that made me say “Huh?” This article, “Put Ad on the Web. Count Clicks. Revise,” showcased advertising agencies that are bringing former Wall Street analysts over to Madison Avenue to help them track ROI on their marketing campaigns.

Now I don’t know about you, but I feel like this is something Online Marketers have had to prove for some time. In my role as an ROI Consultant, I know I feel pressure from clients to help show initial ROI on a regular basis. This is especially true this year, as marketing budgets have withered away and we have had to produce more results with less money. In fact, we’ve tasked ourselves with helping clients achieve ROI for some time, as evidenced by TechTarget’s foray into responding to this pain point.

Aside from congratulating ourselves on how far ahead of the curve we are, what’s next for Online Marketers? You are being asked to innovate and do more with less. As an industry, we have progressed far past click thru rates, conversions and demographics; far past traditional ROI. We need to prove more, see how our lead generation efforts are working; actually watch what our target audience is doing so we can craft content appropriately. Learn what they aren’t telling us by way of registration questions.

One way we are doing this at TechTarget is by transitioning into behavior-based email messaging. As users interact with editorial pieces, vendor-sponsored content, websites and apply for conferences, we watch them to see where they spend their time. That helps us tailor our outbound messaging based on what is important to them now. The response is incredible-but what is most interesting is what we can ascertain from this intelligence.

We are now able to identify “hyper-active” leads and show exactly what they’re touching on our network. With this information we can show “mass activity” around topics so you can be present to influence our users, make recommendations on how to reposition your next program based on hot topics, and identify leads who might be more inclined to purchase based on their activity level.

Armed with this type of information, we push past ROI and into new territory that the New York Times can report on in 2 years.

Why so antisocial? IT marketers use of social media.

February 27th, 2009 | Garrett Mann

Forrester’s much awaited study on B-to-B Social Media participation released this week, giving key insight into just how active IT Buyers are in using social technology. According to the results, 91% of these users are at least “Spectators”, meaning they actively read blogs, watch videos, listen to podcasts, and visit ratings/review forums. 69% of these users indicate they view social media for business purposes. More importantly, 58% (37% business use) are “Critics”, meaning they post comments in blogs, leave ratings/reviews of products, contribute to wikis, etc. Not only are they viewing social media, they are highly active participants. Now that we have covered the statistics, let’s get to the crux of the issue:  If you are a marketer targeting IT Buyers, it is clear that YOU MUST consider social outlets as part of your marketing mix.

So why does most research point to slow adoption of social media among marketers? In working with many clients in the space, we have found that adoption is slow due to a number of reasons, most importantly being lack of insight into prospect’s social behavior, and measurement/ROI.

Forrester’s study provides the insight into social behavior, but embracing social media means adjusting your traditional view on marketing ROI. It is not about generating “leads” or “pageviews” but about ROMO - Return on Marketing Objectives. Before embarking on a social initiative you need to decide as an organization what you are looking to get out of it. Is it thought leadership, is it gaining customer insight/creating a direct pipeline to your customers or prospects, is it monitoring conversations around your brand? Regardless, according to Forrester, you need to start with the audience and not the technology. In other words, don’t just launch a blog, wiki, or forum because you want to get into social media - like traditional media, you need to go where your audience is.

How are you integrating social media into your marketing efforts? If you’re not, what are your main hesitations?

Marketers who measure media are more satisfied

February 9th, 2009 | Chris Olive

I found an interesting recent post on the emergencemarketing blog today summarizing online advertising measurement research published by McKinsey.  For me, the most important finding is that marketers who measure the impact of their online media are significantly more satisfied with their digital marketing than those who don’t. This makes perfect sense, so why is it that only 50% of marketers use basic measurement like CTR?

Are they/we really not accountable for results – as EM suggests?  Do we need better measurement techniques – as McKinsey concludes?  Or is it something more?

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