Watch this #COSeries webinar on-demand here: http://dg-r.co/2o4Azk8
Marketing's scope of responsibilities continues to increase—while the tools to help surface actionable insights are not on pace with all the added responsibilities. Marketers need help cutting through all the noise on their way to focused, prioritized metrics that help them make valuable business contributions.
This session will feature real world examples of how gathering and applying actionable insights at key stages of marketing execution can lead to stronger campaign results and more informed decisions. Four core areas, along with use cases, to be addressed include:
Planning – Key metrics needed to effectively plan tomorrow’s marketing activities;
Achieving – At-a-glance key performance metrics relative to marketing goals;
Optimizing – Priority operational metrics for marketers, including sales rep and lead quality insights; and
Evaluating – Focused metrics to help evaluate strategic program performance and contributions to the organization.
The metrics in each of the four dashboards provide powerful, actionable insights—based specifically on day-in-the-life activities and the needs of today's most successful marketers.
8. Today’s Agenda
• A Day in the Life of a Marketer with Sean McVey
• Key Challenges in Marketing Measurement
• Full Circle Insights and the Four Pillars of
Marketing Measurement
• Q&A
8
9. Introducing Sean McVey
9
• Director, Demand Generation at Virtru
• Responsible for full funnel growth,
projections, and measurement
• Full Circle Insights Customer for 6 months
• Response Management
• Campaign Attribution
11. Four Key Measurement Challenges
11
1. Different Systems Speak Different Languages
2. Different Audiences Want Different Insights
3. Lumping Data Together Distorts Insights
4. Ensuring Accurate Data for a Specific Channel
12. Challenge 1:
Different Systems Speak Different Languages
12
Examples:
• 1 opportunity in Salesforce equals 3 opportunities in Hubspot
• A contact in Hubspot can only be one lifecycle stage (lead, MQL, etc.)
• Opportunity amounts somehow never match up between the two systems
Is it just me? Or do you all experience frustrations like this all the time?
13. Solution 1:
Choose One Version of the Truth
13
• At Virtru, we report on the entire funnel in Salesforce. We don’t look at Hubspot for
conversion funnels and opportunity metrics.
• We still use Hubspot for many top of the funnel insights such as email performance, lead
scoring, and collecting lead source information.
14. Challenge 2:
Different Audiences Want Different Insights
14
Audience Ask
Board & CEO Are we on track to hit our Q2 pipeline goal?
CMO Which programs/offers are contributing to marketing sourced
pipeline this month?
Channel Marketer Which channel is producing more demos? Adwords or LinkedIn?
SDRs How many more meetings do I need to book to hit my daily and
weekly goals ?
15. Solution 2:
Different Dashboards for Different Purposes
15
Dashboards for the board
use longer timeframes
and report on broader
segments of the business
CMOs want to know which
campaigns and lead
sources are contributing to
booked meetings and
pipeline
Channel marketers need to
evaluate the lead funnel for
each channel and also
granular campaigns within
each channel
SDRs want to know how
they are performing
against the metrics driving
their compensation
16. Challenge 3:
Lumping Data Together Distorts Insights
• Different segments of your business have different demand funnels. If you
analyze them all together, you will draw misleading conclusions.
• Examples of ‘buckets’ you could break out:
• Big Bucket Lead Source – Marketing vs. Sales vs. Resellers
• Marketing Lead Source – Inbound vs. Paid Search vs. Events
• Employee Size – Small vs. Mid-Market vs. Enterprise
• Campaign & Campaign Type – Hot Leads vs. Content Leads vs. Webinar Leads
18. Challenge 4:
Ensuring Accurate Data for a Specific Channel
• Greatest challenge on the channel level is pulling the right data. This is
never easy and never perfect.
• The challenge with UTMs – 30% of conversions happen on a different page
• The challenge with marketing automation lead source – only the original source captured (in Hubspot)
• Need to pull both UTM and marketing automation lead source, using an
‘OR’ filter in Salesforce:
19. Solution 4:
Get it Close by Using Multiple Data Sources
19
*partial data in April
20. Recap
1. Choose One Version of the Truth (Salesforce Recommended)
2. Build and Customize Different Dashboards for Different
Audiences/Purposes
3. Segment Your Reports and Dashboards by Size, Lead Source, Campaign
Type or Other Important Buckets
4. Get Crafty with Channel Reports to Prove ROI
20
21. Introducing Bonnie Crater
21
• President and CEO of Full Circle Insights
• 5x VP of Marketing and executive for software
companies throughout Silicon Valley
• Co-founded Full Circle Insights in 2010
22. Current Challenges: The Great Data Divide
22
Marketing
Automation
Salesforce CRM
Impact: Marketing execs don’t have the visibility they need
23. About Full Circle Insights
23Native marketing analytics inside Salesforce
Campaigns / Leads / Contacts / Accounts / Opportunities
24. Four Pillars of Marketing Measurement
24
I need to review
what’s happened
in the past to plan
for the future.
Am I achieving
the goals we
established?
Where are my
processes performing
well—and where can
they be improved?
How have I
impacted revenue
and what should I
do more of?
Planning Achieving Optimizing Evaluating
27. Pillar #3: Optimizing
27
Optimizing
Sales Has Questions About Quality of Leads from Marketing
• Disposition reasons by sales rep
• Aggregate disqualification reasons by time cohorts
• Lost opportunities by reason
29. Key Takeaways
• Maintain a single source of truth, regardless of
technologies used and sources of data
• Set up processes and technology that enable
granular insights into your unique sales cycles,
channels, and segments
• Focus on reports and dashboards that are
insights-driven (not just data-driven) to help inform
decisions
29