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example 6
1.
©2014 Marketo, Inc.
Trademarks belong to their respective owners. All rights reserved. Marketo vs Pardot - 062414 WHITEPAPER COMPARING MARKETO AND PARDOT Introduction The advent of cloud-based marketing software allows marketers to programmatically engage customers and prospects. But with so many marketing solutions out there, what functionalities should companies look for when selecting the right one? This technical white paper explores the differences between two marketing systems: Marketo and Pardot. Topics of Market Focus, Marketing Automation, Analytics, Salesforce CRM Integration, and Ecosystem will be highlighted and compared. Market Focus Marketo delivers marketing software built specifically for marketers. Marketers can also build marketing applications and tools on top of the Marketo customer engagement platform, which houses its database, analytics and integration connectors. This allows a scalable, customized approach to solving marketing objectives. Pardot is built around the needs of the sales team. Pardot was inherited by salesforce and is part of the Sales Cloud (not the Marketing Cloud). The Sales Cloud is an online sales platform, which uses Pardot as a CRM add-on for marketing. MARKETO PARDOT EXAM PLE
2.
©2014 Marketo, Inc.
Trademarks belong to their respective owners. All rights reserved. Marketo vs Pardot - 062414 WHITEPAPER Marketo Marketo’s primary focus is to automate the marketing campaign process, saving the marketing team time, allowing them to build more customized programs, and enabling smarter decisions about where to spend their marketing budget. Marketo is designed to make it easy for marketers to perform the activities that will have the biggest impact on their business. Program Library Marketo comes with a library of fully loaded, ready-to- use campaigns, workflows, landing pages, emails, forms, and scoring models based on best practices from the Marketing Nation – Marketo’s marketing community. These templates provide a starting point for users to quickly get up and running without wasting time on basic building blocks. Program Library vs. Nothing Pardot doesn’t offer a program library, or any comparable resource. This means marketers must start from scratch to get their first campaigns out the door. Customer Engagement Engine Marketo runs on the powerful Customer Engagement engine, with a simple UI designed with marketers in mind. With the Customer Engagement engine, marketers can simply drag content into a Smart Stream, and the system will deliver it to the right person at the right time – without sending duplicate content. In fact, it’s even smart enough to know if someone’s already downloaded something off your website, and won’t offer that asset again. Plus, it does something no other nurturing solution can do it makes it easy for marketers to add fresh content by simply dragging it to the top of the stream. Once a piece of content is at the top of the stream, everyone in that stream will receive it next, regardless of which content they’ve seen last. In other words, marketers can focus on building content while the system intelligently delivers it. Pardot Pardot is focused on making a very basic marketing tool that appears easy to use, but quickly limits users due to its lack of functionality. Rather than empowering marketers, it hinders the marketing activities that make marketers more productive. For example, the step-by-step process flow of Pardot’s UI makes it easy to get started, but during later visits, marketers are forced to repeat the same series of individual steps – there’s no adjustment for the marketer’s growing proficiency. Customer Engagement Engine vs. Limited Drip Campaigns Pardot’s nurturing is based on simple drip programs (i.e. send email, wait, send, wait etc.) that each have to be created from scratch and have no built-in intelligence, meaning Pardot cannot automatically tell if someone has already received or downloaded a piece of content. It’s up to the marketer to keep track of who’s received what content, which requires managing multiple lists. Additionally, adding fresh content to your nurture programs is difficult. Pardot only lets you add content to the beginning or end of a campaign. If you add it to the beginning of the drip campaign, anyone who’s moved beyond that step won’t see it. If you add it to the end of a campaign, prospects near the beginning might not see it for months – and by then, the content might not be fresh. If you really want your content seen by everyone in your nurture program, you’ll need to set up another list and send it via email blast. Multiply that across multiple campaigns, and it defeats the purpose of automating your nurture programs. MARKETING AUTOMATION FEATURES EXAM PLE
3.
©2014 Marketo, Inc.
Trademarks belong to their respective owners. All rights reserved. Marketo vs Pardot - 062414 WHITEPAPER Scoring Scoring is a methodology for ranking customers and prospects in terms of their likelihood to take certain actions – such as making a new purchase, renewing, or seeking out an additional product or service. Scoring allows marketers to identify the best action to take with these leads (e.g. which customers or prospects should be nurtured, and which should be sent to sales for follow up). Marketo allows marketers to assign both positive and negative scores based on any attribute, including: • Demographics (e.g. location, role, industry) • Behavior (e.g. visited key web page, opened a specific email, clicked on a specific link within an email, attended an event) • Timeframe (e.g. the lead took specific actions within a specified period of time, such as visiting your pricing page 3x in one week) • Inactivity • Product-specific scoring (e.g. interest in product A vs. product B) By allowing for this flexibility in lead scoring, marketing is better equipped to effectively nurture leads based on interest and fit, and to send the best leads to sales for prioritized follow up. Flexible Lead Scoring vs. Numerous Scoring Limitations Single lead score. Pardot can only associate a single score with each lead or contact in the CRM. If a lead is very interested in product A, and not very interested in product B, a single lead score won’t indicate where his or her really interest lies. Furthermore, a single lead score won’t let you nurture people differently depending on product interest. One size fits all scoring. With Pardot, all behaviors and actions are scored the same. So a student researching your company for their college project that fills out a form to receive a whitepaper is going to be scored the same as a real buyer filling out a form tied to a trial offer. No ability to determine how deeply someone is engaging with you. With Pardot, if a VP visits your page, and a student visits the same page, they will receive the same score. So the lead for the VP will show up to the sales rep as being equal in quality as compared to the student, making the entire scoring framework very suspect in terms of it being truly meaningful. Also, Pardot can’t score, or trigger based on the depth of a behavior such as a web visit. So you can’t trigger campaigns or alerts based on someone visiting specific pages a certain number of times over a specific period of time. So the only option is to trigger a campaign or alert based on a single page visit which isn’t valuable to alert sales of every time. Cloning and Tokens Most marketing campaigns, such as webinars, have many moving parts. There are invite, reminder, and follow-up emails, landing pages, forms, and workflows. With Marketo, users can copy – or “clone”— all of these at once with a single click. More importantly, dynamic information such as the title, location, and date can be automatically populated across all emails, landing pages, forms, and workflows using tokens. This means users can replicate not only webinars, but any successful campaign in just minutes. Cloning & Tokens vs. a simple “copy” feature With Pardot, you have to copy every email, landing page, form, and workflow individually. Then you have to go into each and every email, landing page, form, and workflow to modify the copy for each to change the information to reflect the new campaign. Instead of taking minutes, it takes hours. EXAM PLE
4.
©2014 Marketo, Inc.
Trademarks belong to their respective owners. All rights reserved. Marketo vs Pardot - 062414 WHITEPAPER Marketo Marketo’s analytics help marketers to measure and prove marketing ROI, understand the organization’s true revenue potential, and optimize marketing processes. The Marketo platform offers marketing metrics that marketers can’t get elsewhere, on-demand, without requiring hours of spreadsheets and number crunching. Pardot Pardot offers basic analytics and reporting for marketing. Out of the box, Pardot offers a few hardwired, one- size-fits-all reports. Obtaining more customized reports, especially about multi-variables, is not possible or requires third-party integration and connectors (at additional cost). Report Customization In Marketo, there are a number of ways to quickly customize and filter reports. New columns can be added to reports with the click of a button, and placed in the order desired. And reports can be easily filtered to show only the data that you want. For example, you can create separate reports to show performance for email campaigns sent to customers vs. prospects, or filter out your own employees from a landing page conversion report. If the data is there, marketers can use it to create and filter a report, making the reports more meaningful for their specific needs. Non-customizable Reports With Pardot, reports are hard-wired and cannot be customized. More importantly, the ability to filter reports is based on a completely manual and extremely error-prone process. In Pardot, you must label every campaign and asset with a “tag,” in order to filter those campaigns and assets in and out of reports. Multi-touch Revenue Attribution Research shows that marketing typically “touches” a deal between 7 and 30 times before a deal closes. Only Marketo allows marketers to accurately attribute each touch, so that every marketing effort is given credit for a deal. Let’s say the first campaign a person engages with is a PPC ad – that lead would be attributed to that PPC campaign. If the lead disengaged, but then reengaged a year later to watch a webinar, download a whitepaper, attend a tradeshow and eventually turn into a customer, Marketo will show you the impact and influence all of those marketing efforts had on revenue. Single-touch Attribution Pardot can only give the marketing campaign that created the lead credit. Without multi touch attribution, marketing can’t see the whole picture of how a program performed compared to others. In the previous example, in which a person originally engaged with your PPC ad, but then disengaged for a year before returning to explore more content and become a customer, the PPC ad would get all of the credit for the new customer. You might even think those other campaigns aren’t working, which may lead to some very misinformed bad decisions about how to spend marketing dollars in the future. Pardot’s Good Data connector gives marketers more sophisticated report formats to choose from, but it still doesn’t allow for multi- touch revenue reporting. ANALYTICS AND REPORTING EXAM PLE
5.
©2014 Marketo, Inc.
Trademarks belong to their respective owners. All rights reserved. Marketo vs Pardot - 062414 WHITEPAPER Funnel Report With Marketo, you define the stages of your marketing funnel, and you also define what a lead is versus a prospect. Once you’ve defined those, you can track specific detours from the funnel in order to find and fix leaks. And you can also look at how your conversion rates from one funnel stage to the next are trending over time, which allows you to gain a very deep understanding of how your funnel is performing and where to aim your efforts at improving results. Non-customizable Funnel Stages With Pardot, what qualifies someone to be a lead, prospect, opportunity, and win is hard-wired. You can’t add any other stages, even if your customer’s buying cycle is very different. More importantly, Pardot’s pre-set definition of what constitutes a lead versus a prospect isn’t always meaningful. For example, any name added to the database as a result of a list import or form fill is considered a “prospect” – even though most marketers would not consider these individuals to be prospects at this stage. Pardot doesn’t let you track funnel leaks, making it impossible to target and measure efforts to plug them. Lastly, Pardot can only show funnel conversion rates from one funnel stage to the next for a specified date range. That means that in order to understand trends from month to month, or quarter to quarter, the conversion rates for each date range must be captured, and then manually entered in a separate Excel spreadsheet. Only then it can be graphically reported. Alerts and Notifications Pardot cannot take into account combinations of events that happened within a specified period of time. Only single actions can be seen and alerted, so multiple visits to a website –can’t be consolidated – sales can get separate alerts for every single visit, or nothing at all. This forces marketing and sales to focus on individual customer actions rather than long-term customer behavior. Behavior Tracking and Notification Marketo allows marketers to combine events to show interesting behaviors (e.g. visited website 3 times this week). Program owners can then set alerts to marketing or sales members based on any of these behaviors (or combination of behaviors). This allows real-time notification of lead activity based on any combination of custom criteria.EXAM PLE
6.
©2014 Marketo, Inc.
Trademarks belong to their respective owners. All rights reserved. Marketo vs Pardot - 062414 WHITEPAPER Pardot Even though Pardot is part of Salesforce, they remain two separate systems and code bases. The breadth and depth of their integration is still limited compared to Marketo’s industry-leading offering, the result of years of both effort and time. Marketo Marketo has developed a deep integration with Salesforce CRM, using the force.com on-demand platform and APIs for complete bi-directional synchronization of data and action. Utilizing the latest cloud connector technology, this best-in-class native integration takes only minutes to set up, and allows marketing and sales teams to quickly get started. Marketo has consistently been recognized as having the best integration with Salesforce by Salesforce customers and the analyst community, and was voted Best Marketing Automation Solution for Salesforce on the AppExchange for the past 5 years. Marketo’s integration is built on the same API that power thousands of integrations across the Salesforce AppExchange ecosystem. Companies like GE, Samsung and Google rely on Marketo’s native integration with Salesforce. Real-time Bi-directional Sync Leads and contacts created in Salesforce are automatically synced to Marketo and continuously kept in sync for any future updates. Marketo’s high-performance native integration can sync tens of thousands of records per hour between Marketo and Salesforce. “Hot leads” scored and created in Marketo are automatically delivered and visible to Sales teams in less than a minute. Batch Syncing Pardot still relies on their connector to Salesforce and can only perform a limited amount of batch syncing between the systems in a given 24 hour period. Self-healing When you first set-up the connection between Marketo and Salesforce, Marketo will automatically recognize and map all of your fields. If you add a custom field in Salesforce, Marketo will continue to automatically recognize those types of changes and update accordingly. Manually Mapping Pardot requires users to manually map fields between the two systems at set-up, and to manually again them again when ongoing changes are made. This is manual process becomes a huge time sink when entire programs require multiple field updates. Sales Insight Marketo Sales Insights presents sales reps with a prioritized list of leads based on lead score, directly from within Salesforce. This native integration provides insight to the sales team based on both interest and fit – all within the Salesforce dashboard. Lead Deck Pardot’s Lead Deck is a tab within Salesforce, but the UI is not designed in a way that reflects how sales people typically navigate within Salesforce. Leads are prioritized based on only recent activity, rather than measures like interest or fit, because they can’t take lead score into account. SALESFORCE CRM INTEGRATION EXAM PLE
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©2014 Marketo, Inc.
Trademarks belong to their respective owners. All rights reserved. Marketo vs Pardot - 062414 WHITEPAPER Marketo Because Marketo recognizes that a complete platform has to integrate with an array of other applications, the company created Marketo LaunchPoint – the first and most comprehensive ecosystem of marketing solutions. Hundreds of technology partners such as SlideShare, GoToWebinar, and Twitter have developed deep API integrations with the Marketo platform. With LaunchPoint, marketers can customize and integrate hundreds of the top sales and marketing applications across all relevant categories, including analytics, customer data, events and webinars, mobile, online ads, social media, and video marketing. LaunchPoint acts as a central hub for marketers to work across their tools and ensure all relevant customer data and analytics gets tied back into Marketo. Pardot Pardot is part of the Sales Cloud and does not have a marketing specific ecosystem. PARTNER ECOSYSTEM Summary Marketo offers a more comprehensive marketing platform that’s built for marketers. Pardot has basic marketing automation tools that are focused on the needs of sales. Marketo’s functionality scales with marketing needs and adds a level of program intelligence Pardot can’t offer. Marketo (NASDAQ: MKTO) provides the leading marketing software for companies of all sizes to build and sustain engaging customer relationships. Spanning today’s digital, social, mobile and offline channels, Marketo’s® customer engagement platform powers a set of breakthrough applications to help marketers tackle all aspects of digital marketing from the planning and orchestration of marketing activities to the delivery of personalized interactions that can be optimized in real-time. Marketo’s applications are known for their ease-of-use, and are complemented by the Marketing Nation™, a thriving network of more than 250 third-party solutions through our LaunchPoint™ ecosystem and over 40,000 marketers who share and learn from each other to grow their collective marketing expertise. The result for modern marketers is unprecedented agility and superior results. Headquartered in San Mateo, CA with offices in Europe, Australia and a joint-venture in Japan, Marketo serves as a strategic marketing partner to more than 3,000 large enterprises and fast-growing small companies across a wide variety of industries. For more information, visit www.marketo.com. Campaign Triggering Marketo can automatically activate campaigns in real-time based on changes in the data value of any Salesforce field, including custom fields. This ensures marketing can quickly react to changes in sales, without having to manually view and activate campaigns. Marketo has over 55 triggers out of the box, and can trigger on any behavior to ensure the right content is delivered at the right time based on interest. Campaign Triggers Pardot has a limited amount of triggers compared to Marketo, making it less flexible when it comes to aligning with your business process. Pardot has no native integration at campaign level, so campaign status has to be manually updated. EXAM PLE
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