We've been spending a lot of time this year analyzing different Email
Marketing solutions for customers and prospects. On Thursday, Mathew
Sweezey, of Pardot Marketing Automation, talked to a group of us about
marketing automation.
To my surprise, Mathew took a historical approach back to 1999 when
marketing automation was, more or less, just a mythical creature. In
doing so, we were able to see how far marketing automation has come and
the depth of where we are with it today.
10-15 years ago many businesses were just beginning to use websites,
email marketing and customer relationship management (CRM) systems. It
seemed a feat just to get all these technologies up and running
effectively. In today's world, these technologies are common place and
the challenge exists in getting them all to talk to one another, and
flow seamlessly back and forth.
The advances in these technologies have actually enhanced the
relationship between sales and marketing departments in many
organizations. For example, back in the day I would create a call to
action on our website and when a prospect filled out a form, I would
immediately toss it over the wall to sales. Good luck, lead! Odds are
that first form submission was not a warm lead, yielding a discouraged
sales person and lackluster continued follow-up, if any additional
follow-up occurred at all.
At that rate, why would sales care for marketing at all? At the root
of it, marketing is the 1st step in the sales process; therefore, the
relationship between the two is of great importance.
With the birth of marketing automation, this relationship was
immediately strengthened. From a marketing perspective, we now have the
ability properly nurture a prospect for a great length of time (if
necessary) before passing the prospect off to our sales team.
At a time when a great portion of business and research is done
online, allowing prospects to search for what they truly find important
to them, we need to take a stronger behavioral marketing approach and
marketing automation is key.
Nurture marketing is one way to attack a big, or little, prospect list. Nurturing is behavior based and has the ability to be very engaging. Once you uncover a prospect's interest, you have the ability to talk to them about what they want to be talked to and potentially, when, and how, they want to be talked to. Here's an example of a Pardot nurture marketing workflow:
You now have the ability to send prospects specific emails, at
intervals you choose, depending on what they click on in the previous
email. You can also add them to non-email lists. For example, if you
have a call-to-action on an email that indicates the lead would be a hot
lead, you can immediately add them to a call list for your sales team
to reach out to.
Another great thing about marketing automation is behavioral
tracking, in essence, scoring. Within your email marketing tool you have
a scoring system, allowing you to assign specific scores to links,
downloads, etc. For example, if a prospect clicks on a specific link
they get a certain score, if they visit a certain webpage they get
another score and if they download a white paper they get an additional
score. You can set it up so that when the prospect score reaches a
certain number, workflow will alert your sales team to call into them.
This omits the entire issue of throwing potentially very cold leads over
the wall to your sales team, allowing them to spend more time
concentrating on warmer leads. This generally makes sales happier, in
turn making marketing happier, creating a more effective team.