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Secrets of an Award-winning
Marketing Automation Ninja
June 18, 2013
Steve Susina
Director of Demand
Generation Services
Crain Communications /
Business Insurance
Magazine
Page 2 | © 2013 Business Insurance
• Publisher of Business
and Trade Publications
– Business (Crain’s Chicago Business)
– Healthcare (Modern Healthcare)
– Marketing (BtoB, Advertising Age)
– Manufacturing (Automotive News)
– Financial Services (Business Insurance)
• Industry trends
– Declining marketing budgets
– Print a smaller proportion of mix
– Emergence of Content Marketing
– Shift to mobile devices
About Crain Communications
Business Media still plays a vital role in
educating the customer universe
Page 3 | © 2013 Business Insurance
1
2
3
Traditional Demand Generation:
supporting our advertising sales
Audience Development: Growing our print
subscribers and registered online users
A technology platform to support
Demand Generation services
How we use Marketing Automation
Page 4 | © 2013 Business Insurance
How has Marketing Automation
helped us?
• A 43% increase in registered online newsletter subscribers
• A 2% increase in paid print subscribers
• A 71% increase in registrations for
the annual Virtual Conference on Workers Compensation
• Nearly $550,000 in new advertising revenue for
Demand Generation Services
– 12 Customers running 23 total programs.
– Average deal size of $26,550
• External Programs for customers that
delivered & qualified 12,454 leads
• Internal lead generation program that
generated 4,115 Advertising/Marketing leads,
and qualified 564 that were passed to sales
• Strong conversion of anonymous website
visitors (over 3,900/day), with a conversion
rate of 2.6%
Marketo Revenue Performance Award-winning
performance – Most Dramatic Business Impact
Page 5 | © 2013 Business Insurance
How business used to sell . . .
• Buy or rent lists
• Sort by region/rep
• Assign
• Make reps spend their days cold calling
• Profit
Page 6 | © 2013 Business Insurance
How business used to sell . . .
• Buy or rent lists
• Sort by region/rep
• Assign
• Make reps spend their days cold calling
• Profit
Supported by Brand
Advertising & Public
Relations
Customer Buying Journey
Early Stages Middle Stages Late Stages Purchase
Create willingness to
consider changing
Status Quo
Consider alternative
solutions (not vendor
specific)
Consider alternative
vendors
Commit, renew and
repurchase
Awareness/SEO Content Audience Database
Social, Syndication,
SEO Promotion, Event
Sponsorship
300+ years combined
editorial experience
45K Print
225K Known Online
680K Anonymous
Marketo Lead
Scoring across six
profiles
Business Insurance Investments
Print & Online Advertising
Webinar & Events
Demand Generation Services
Content & Marketing Services
Page 8 | © 2013 Business Insurance
Page 9 | © 2013 Business Insurance
Page 10 | © 2013 Business Insurance
• Top Of Funnel Audience Generation: 1180 Leads Generated
– 1180 leads into campaign (webinar attendees, white paper downloads)
• Nurture to Marketing Qualified Status: 102 Leads Qualified
– Content Offers aligned to buying stage
– Scoring based on engagement (clicks, downloads of campaign and
onsite content)
– Transfer when combined engagement reaches Lead Score threshold
• Sales Accepted Leads: 25 Matched Sales-Qualification Criteria
– Fits client target audience to engage a sales person (specialty broker):
– Average Deal Size: $2 million
– Pipeline: 25 x $2 million = $50 million
– Customer has identified one likely prospect (to date)
Campaign Value:
$50,000 Investment $2 Million potential revenue
from a $50,000 investment
Lead Nurturing Performance example:
Page 11 | © 2013 Business Insurance
Early Stage
• Audience Acquisition
– 16,093 Page Views w/ad
– 132,522 Newsletter Views*
– 271,123 Email Invitation
Messages delivered
– 14.1% Open Rate
– 1.1% Click through rate
Late Stage
• Nurturing Campaign
– 4,585 Messages delivered
– 34.7% open rate
– 12.9% click through rate
Deeper Engagement In Later Stages of
Campaign
• 246% increase in Email Open Rate
• 1172% increase in Click Through Rate
* 13x in Specialty Risk Newsletter distributed to 10,194 emails
Nurturing Effect on Engagement:
Page 12 | © 2013 Business Insurance
Reduce Registration Friction
• Studies: there is an inverse relationship between
number of fields and number of completions
• Marketo Progressive Profiling Example
– Reducing form from 9 fields to 5 field significantly increased
form completion rate – 45% improvement over baseline
• Theoretically, if we have enough information we
can we eliminate registration form altogether
– Data exists in Marketo (Name, Company, Job Title, Phone,
etc.)
– Activity is monitored (Clicks link in Email)
Page 13 | © 2013 Business Insurance
Normal Registration Flow
• Normal process:
– Select target list
– Send Email
– CTA direct to landing page
– Landing page has form
– Completed form represents
registration for download or
event
• Conversion metrics at each
step
– Sent, Opened, Clicked, Registered
Page 14 | © 2013 Business Insurance
One Click Registration Flow
• Normal process:
– Select target list
– Filter for each required field
using “Is Not Empty”
– Send Email
– Include name & email in message
– CTA “One Click Register”
– Post Click processing is a
triggered campaign based on
the click
• Conversion metrics at each
step
– Sent, Opened, Clicked, Registered
Page 15 | © 2013 Business Insurance
Program Flow Differences
• Normal Campaign Flow
– Trigger is “Filling out a Form”
– Then-normal flow:
– Add to a registration list
– Send a confirmation Email
– Etc.
• No form? Can’t use that as a trigger.
– Trigger is now “Clicked Link in Email”
– Then, normal flow:
• Asset (Invitation email) Differences
Page 16 | © 2013 Business Insurance
Changes to my invitation:
Page 17 | © 2013 Business Insurance
Asset Differences 1 – Tokens to
display recipient data
Two reasons to include the recipient’s name &
email in the email message:
• Show that I already have the info– not giving
up additional personal data
• In case the email is forwarded, link will
register the person shown here
Page 18 | © 2013 Business Insurance
Asset Differences - CTA
Links/CTA
• My normal Post registration page
• Included 3 times in different formats
Page 19 | © 2013 Business Insurance
Asset Differences – “Normal” registration
The full registration link
• In case the recipient wants to
invite someone else
• In case the email is forwarded
Page 20 | © 2013 Business Insurance
Results
Page 21 | © 2013 Business Insurance
Comparison: Data Poster Download
Normal Registration One-Click
Sent 9,367 10,608
Opened 1,730 (18.5%) 1,855 (17.5%)
Clicked 369 (3.9%) 353 (3.3%)
Downloads 29 (0.31%) 353 (3.32%)
Rate of Registration > 10X Baseline
Page 22 | © 2013 Business Insurance
Comparison: White Paper Offer
Normal Registration One-Click
Sent 23,982 5,012
Opened 2,631 (11.0%) 761 (15.2%)
Clicked 589 (2.5%) 73 (1.46%)
Downloads 220 (0.92%) 73 (1.46%)
Rate of registration about 1.5X Baseline
Page 23 | © 2013 Business Insurance
Comparison: Webinar Registration
Normal Registration One-Click
Sent 81,503 25,369
Opened 88.9 (10.9%) 1,858 (11.3%)
Clicked 348 (0.43%) 132 (0.52%)
Registrations 128 (0.16%) 132 (0.52%)
Rate of registration > 3X baseline
Page 24 | © 2013 Business Insurance
Challenges
• Forwarded emails or additional staff registrations
– If you only have a one-click for registration, the message can’t
be forwarded or other people invited
• Javascript disabled
– Technical issue with Marketo recognition of “Clicks link in
Email” for triggered email
– Workaround: generate a smart list “was sent email” and
“visited confirmation page” and manually call campaign
• For webinars, watch attendance vs. no-shows
– Initial view was that we’d see a decline in live attendance, but
wasn’t the case.
Page 25 | © 2013 Business Insurance
Lessons:
• There is a different willingness to share
information depending on asset type:
– Low Willingness: Data Posters/Infographics or Video
– High Willingness: Webinars, White Papers
• Still, there is almost always some improvement
using one-click/no-form response
• This won’t work if you don’t use some form of
Marketing Automation for click-tracking
• Good data quality is essential – we used
ReachForce data append before even thinking of
this type of program.
Thank you!

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Reach Force Marketing Automation Mini Conference - 6/18/2013

  • 1. Secrets of an Award-winning Marketing Automation Ninja June 18, 2013 Steve Susina Director of Demand Generation Services Crain Communications / Business Insurance Magazine
  • 2. Page 2 | © 2013 Business Insurance • Publisher of Business and Trade Publications – Business (Crain’s Chicago Business) – Healthcare (Modern Healthcare) – Marketing (BtoB, Advertising Age) – Manufacturing (Automotive News) – Financial Services (Business Insurance) • Industry trends – Declining marketing budgets – Print a smaller proportion of mix – Emergence of Content Marketing – Shift to mobile devices About Crain Communications Business Media still plays a vital role in educating the customer universe
  • 3. Page 3 | © 2013 Business Insurance 1 2 3 Traditional Demand Generation: supporting our advertising sales Audience Development: Growing our print subscribers and registered online users A technology platform to support Demand Generation services How we use Marketing Automation
  • 4. Page 4 | © 2013 Business Insurance How has Marketing Automation helped us? • A 43% increase in registered online newsletter subscribers • A 2% increase in paid print subscribers • A 71% increase in registrations for the annual Virtual Conference on Workers Compensation • Nearly $550,000 in new advertising revenue for Demand Generation Services – 12 Customers running 23 total programs. – Average deal size of $26,550 • External Programs for customers that delivered & qualified 12,454 leads • Internal lead generation program that generated 4,115 Advertising/Marketing leads, and qualified 564 that were passed to sales • Strong conversion of anonymous website visitors (over 3,900/day), with a conversion rate of 2.6% Marketo Revenue Performance Award-winning performance – Most Dramatic Business Impact
  • 5. Page 5 | © 2013 Business Insurance How business used to sell . . . • Buy or rent lists • Sort by region/rep • Assign • Make reps spend their days cold calling • Profit
  • 6. Page 6 | © 2013 Business Insurance How business used to sell . . . • Buy or rent lists • Sort by region/rep • Assign • Make reps spend their days cold calling • Profit Supported by Brand Advertising & Public Relations
  • 7. Customer Buying Journey Early Stages Middle Stages Late Stages Purchase Create willingness to consider changing Status Quo Consider alternative solutions (not vendor specific) Consider alternative vendors Commit, renew and repurchase Awareness/SEO Content Audience Database Social, Syndication, SEO Promotion, Event Sponsorship 300+ years combined editorial experience 45K Print 225K Known Online 680K Anonymous Marketo Lead Scoring across six profiles Business Insurance Investments Print & Online Advertising Webinar & Events Demand Generation Services Content & Marketing Services
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  • 10. Page 10 | © 2013 Business Insurance • Top Of Funnel Audience Generation: 1180 Leads Generated – 1180 leads into campaign (webinar attendees, white paper downloads) • Nurture to Marketing Qualified Status: 102 Leads Qualified – Content Offers aligned to buying stage – Scoring based on engagement (clicks, downloads of campaign and onsite content) – Transfer when combined engagement reaches Lead Score threshold • Sales Accepted Leads: 25 Matched Sales-Qualification Criteria – Fits client target audience to engage a sales person (specialty broker): – Average Deal Size: $2 million – Pipeline: 25 x $2 million = $50 million – Customer has identified one likely prospect (to date) Campaign Value: $50,000 Investment $2 Million potential revenue from a $50,000 investment Lead Nurturing Performance example:
  • 11. Page 11 | © 2013 Business Insurance Early Stage • Audience Acquisition – 16,093 Page Views w/ad – 132,522 Newsletter Views* – 271,123 Email Invitation Messages delivered – 14.1% Open Rate – 1.1% Click through rate Late Stage • Nurturing Campaign – 4,585 Messages delivered – 34.7% open rate – 12.9% click through rate Deeper Engagement In Later Stages of Campaign • 246% increase in Email Open Rate • 1172% increase in Click Through Rate * 13x in Specialty Risk Newsletter distributed to 10,194 emails Nurturing Effect on Engagement:
  • 12. Page 12 | © 2013 Business Insurance Reduce Registration Friction • Studies: there is an inverse relationship between number of fields and number of completions • Marketo Progressive Profiling Example – Reducing form from 9 fields to 5 field significantly increased form completion rate – 45% improvement over baseline • Theoretically, if we have enough information we can we eliminate registration form altogether – Data exists in Marketo (Name, Company, Job Title, Phone, etc.) – Activity is monitored (Clicks link in Email)
  • 13. Page 13 | © 2013 Business Insurance Normal Registration Flow • Normal process: – Select target list – Send Email – CTA direct to landing page – Landing page has form – Completed form represents registration for download or event • Conversion metrics at each step – Sent, Opened, Clicked, Registered
  • 14. Page 14 | © 2013 Business Insurance One Click Registration Flow • Normal process: – Select target list – Filter for each required field using “Is Not Empty” – Send Email – Include name & email in message – CTA “One Click Register” – Post Click processing is a triggered campaign based on the click • Conversion metrics at each step – Sent, Opened, Clicked, Registered
  • 15. Page 15 | © 2013 Business Insurance Program Flow Differences • Normal Campaign Flow – Trigger is “Filling out a Form” – Then-normal flow: – Add to a registration list – Send a confirmation Email – Etc. • No form? Can’t use that as a trigger. – Trigger is now “Clicked Link in Email” – Then, normal flow: • Asset (Invitation email) Differences
  • 16. Page 16 | © 2013 Business Insurance Changes to my invitation:
  • 17. Page 17 | © 2013 Business Insurance Asset Differences 1 – Tokens to display recipient data Two reasons to include the recipient’s name & email in the email message: • Show that I already have the info– not giving up additional personal data • In case the email is forwarded, link will register the person shown here
  • 18. Page 18 | © 2013 Business Insurance Asset Differences - CTA Links/CTA • My normal Post registration page • Included 3 times in different formats
  • 19. Page 19 | © 2013 Business Insurance Asset Differences – “Normal” registration The full registration link • In case the recipient wants to invite someone else • In case the email is forwarded
  • 20. Page 20 | © 2013 Business Insurance Results
  • 21. Page 21 | © 2013 Business Insurance Comparison: Data Poster Download Normal Registration One-Click Sent 9,367 10,608 Opened 1,730 (18.5%) 1,855 (17.5%) Clicked 369 (3.9%) 353 (3.3%) Downloads 29 (0.31%) 353 (3.32%) Rate of Registration > 10X Baseline
  • 22. Page 22 | © 2013 Business Insurance Comparison: White Paper Offer Normal Registration One-Click Sent 23,982 5,012 Opened 2,631 (11.0%) 761 (15.2%) Clicked 589 (2.5%) 73 (1.46%) Downloads 220 (0.92%) 73 (1.46%) Rate of registration about 1.5X Baseline
  • 23. Page 23 | © 2013 Business Insurance Comparison: Webinar Registration Normal Registration One-Click Sent 81,503 25,369 Opened 88.9 (10.9%) 1,858 (11.3%) Clicked 348 (0.43%) 132 (0.52%) Registrations 128 (0.16%) 132 (0.52%) Rate of registration > 3X baseline
  • 24. Page 24 | © 2013 Business Insurance Challenges • Forwarded emails or additional staff registrations – If you only have a one-click for registration, the message can’t be forwarded or other people invited • Javascript disabled – Technical issue with Marketo recognition of “Clicks link in Email” for triggered email – Workaround: generate a smart list “was sent email” and “visited confirmation page” and manually call campaign • For webinars, watch attendance vs. no-shows – Initial view was that we’d see a decline in live attendance, but wasn’t the case.
  • 25. Page 25 | © 2013 Business Insurance Lessons: • There is a different willingness to share information depending on asset type: – Low Willingness: Data Posters/Infographics or Video – High Willingness: Webinars, White Papers • Still, there is almost always some improvement using one-click/no-form response • This won’t work if you don’t use some form of Marketing Automation for click-tracking • Good data quality is essential – we used ReachForce data append before even thinking of this type of program.