Author: Patrick Groover
Many organizations employ a wide variety of tactics when it comes to their marketing strategies. Thankfully, a modern marketing automation platform provides enough flexibility to achieve the same outcomes in many different ways.
That being said, while it is possible to take many paths to achieve your objectives, some configurations present a healthier approach than others.
Like most things in life, quality comes in many sizes, shapes, and formats. One team’s definition of healthy may look drastically different than another team’s as initiatives often are unique to a specific organization. Therefore, to define healthy, it is important to look at the principles or leading indicators that highlight whether the sales ends are justified by the marketing means.
As a general rule-of-thumb, healthy strategies leverage balanced communications to deliver results and maximize the use of everyone’s time, both the audience’s and brand’s. A healthy program is customer-appreciated–timely, value-adding, and relevant. Equally important, healthy initiatives are internally supported–efficient, repeatable, and sustainable.
Program health can be measured based on both qualitative and quantitative metrics. For example, a good quantitative metric to track is the amount of time being spent on each campaign or marketing activity compared to the overall ROI. Qualitative metrics include things like employee satisfaction and customer satisfaction.
In this blog, I’ll explain three ways that you can get the most of your marketing automation platform for a healthy, sustainable strategy and how you can measure them:
Your relationships with potential and existing customers are like muscles—properly exercised, they can lead to strong and powerful revenue outcomes. In the same way, overusing and straining them can lead to opt-outs and irritated customers.
As you’re assessing your campaigns, the first question you should ask is “Does this communication provide value to my audience?”
Many times, it can be tempting to overcommunicate when you’re leveraging a marketing automation platform due to the scale at which you can run programs. To overcome this temptation, it’s important to target specific outcomes and objectives within each program. Instead of aiming to send out a weekly or monthly message, define your relationship or education objectives–this is often supported by writing out a value-adding statement while planning your communications.
Applying this to real-world scenarios for a subscription management company:
By targeting specific outcomes and objectives, you’ll be able to clarify the value that you’ll deliver through automated communications. In the scenarios above, the subscription management company wants to educate their audience on available subscriptions and raise awareness about the information within various publications. The value-adding objective is to present relevant content to their audience and highlight information that the contact may not have otherwise known was available through these publications.
Adding value at each touch point is a great way to ultimately deliver on your goals for driving conversions and revenue. By linking together value-adding communication objectives, you can develop an overall nurturing path for each contact. In the example above, the subscription summary page could include a call-to-action to sign-up for the listed publication.
Ideas for measurement: Track unsubscribes, click-through activity, and program successes. The goal is to gauge whether your audience is interacting with your content or potentially avoiding communication. Qualitative customer surveys and internal discussions on content relevance can uncover areas for improvement.
Do your nurture streams or campaign workflows look like a bunch of spaghetti? Do they feel overly complex in their logic? If so, it may be time to take a look at the events, constraints, and logic being used to automate your communications.
With a marketing automation platform, you can leverage information in a number of ways. By listening for behaviors, rather than programming if/then statements for every interaction, you can simplify the process for placing the most relevant information in front of each audience segment based on their interests. This also increases the likelihood that your audience will see content that resonates the most with them.
One example of this is a welcome series for new customers. Rather than stringing together multiple send-wait-send emails and evaluation steps, you can set up a communication series that are based on whether customers exhibit a new or desired behavior. Not only is this a healthier approach, it’s also a great way to avoid overwhelming them and ensuring that your most important messages are consistently connecting with the right audiences.
Here are a few ways you can evaluate this aspect of your marketing automation:
Of course, if you are running up against a wall when it comes to the available triggers, filters, and logic within your current marketing automation platform, it may be time to consider more sophisticated systems. There is a big difference in design logic from platform-to-platform, and the right logic will make it far easier to implement campaigns based on the objectives and responses you hope to achieve.
Ideas for measurement: The average time spent building out nurturing workflows is a great metric to start with. Qualitative monitoring might include a discussion of daily workload, system ease-of-use, and best practices for automating customer interactions.
A final concept for getting the most of your marketing strategy is scalability. Many marketers have come to terms with the daily grind of developing programs, and as such, they may not realize that many repetitive activities can be consolidated. The right marketing automation platform will reduce the number of times that any type of program or content needs to be produced from scratch.
Common examples of repetitive activities:
Features like dynamic content and the ability to clone whole campaigns (with all associated assets) can free up the much-needed time to support your strategic initiatives. Efficiencies designing, implementing, and executing campaigns will allow you to focus more on monitoring results and optimizing.
Another common area where repetitive activities are abound is reporting. If you’re spending hours and hours compiling data to deliver status updates, your marketing automation platform may have untapped, out-of-the-box settings that can visualize results without a heavy amount of manual intervention. Creating an inventory of your marketing reports and a process for delivering updates may result in greater efficiencies.
Ideas for measurement: Excellent quantitative measure include the number of hours spent building reports and reconfiguring or rebuilding previously developed workflows and content. Tying this information to a general survey that evaluates perspectives on the amount of repetitive work is a good way to track qualitative satisfaction with the current systems, processes, and tasks.
The new year is right around the corner, and many of us are planning out what it will look like for our organizations. One of the best things we can do is to pause and reflect on the items that are working and those that can be streamlined. A great way to rally your team to success in the new year is to ask them to participate in the evaluation process and help determine if there are any areas within your marketing strategy that could be streamlined going forward. Of course, it may time to consider a more advanced marketing automation platform if your current solution does not support these capabilities.
What other tips do you have for a healthier marketing strategy? As always, please feel free to share your comments below.
A 3-Point Health Check for Your Marketing Strategy was posted at Marketo Marketing Blog - Best Practices and Thought Leadership. | http://blog.marketo.com
The post A 3-Point Health Check for Your Marketing Strategy appeared first on Marketo Marketing Blog - Best Practices and Thought Leadership.
Powered by WPeMatico