Friday, September 11, 2009

Capitalizing on Campaign Management = Yikes, We Need More Content!!

One of the greatest demand generation challenges that I have seen with every software company is the company’s ability (or lack thereof) to continuously develop compelling content to support campaigns. In many cases, lack of content is ‘thee’ showstopper.

And now, as more companies invest in campaign management systems such as Oracle, Eloqua, Aprimo, Unica, Market2Lead, etc., (refer to Gartner Magic Quadrant for Multitchannel Campaign Management 2009 for an entire list), many of these companies have the ability to (1) automate campaign generation, (2) better (or in some cases, start to) segment their market(s) and target audience(s) and (3) nurture leads (for the first time!), which will further exasperate the ‘content’ problem.

Consider these “as is” scenarios - before campaign automation.

(1) Before automation, we manually launch all campaigns, however simple or complex.
(2) Before (improved) segmentation/targeting, we don’t segment or we segment at the highest (limited number of) levels (e.g., target IT professionals versus LOB managers).
(3) Before nurturing, we don’t know where a prospect is in the ‘marketing pipeline’ so we treat all prospects equally and throw the same campaigns (and content) to everyone without regard to their interest level.

Consider these “to be” scenarios - after campaign automation.

(1) After automation, we can schedule campaigns to execute automatically, freeing up headcount to work on developing and executing more complex campaigns. By default, we can run more campaigns with the same resources, maybe even less.
(2) After improved segmentation/targeting, we can better profile a prospect by title, industry, interests, behavior, preferences, etc. and execute campaigns that are more specifically tailored to an individual (by grouping or segmenting like-kind prospects). This increases the number of campaigns.
(3) After nurturing, we know where a prospect is in the ‘marketing pipeline’ because we can ‘score leads’ and identify what campaigns/content to provide along the way from prospect first contact thru close (and beyond if we are up selling/cross selling into our existing customer base). Now, we can execute campaigns specific to the target, segment AND lead score, increasing the number of campaigns by another x factor.

Let’s look at an example. Let’s assume we are targeting IT professionals. In the “as is” scenario, we develop a number of campaigns with messaging and content that is the same for every IT professional regardless of industry, title, interest level, etc. In the “to be” scenario, we segment IT professionals in Financial Services/Insurance from IT professionals in the Manufacturing segment or the Health care segment and so on. Instead of a one-size-fits-all message to all IT professionals, we can now tailor each campaign to talk to the strategic issues each IT segment experiences (and hopefully play into how our software product/solutions address those issues). With Financial Services – it may be compliance. With Manufacturing, it may be ERP. With Health, it may be integration and so on.

We can further segment based on 'title' executing campaigns that talk to more operational benefits targeting managers and campaigns that talk to more strategic benefits targeting the VP level. Once we execute lead scoring, we can further segment and develop separate campaigns to first time visitors, xx time visitors, etc. and nurture that lead along.

Yikes! We need more content says the head of the demand generation team and begins dialoguing with Product Management, Product Marketing and outside consultants to line up campaigns and the unique content that is required.

Next post provides some ideas on how we can generate the content we need to support an increasing number of demand generation campaigns….

Some interesting links:

Top Ten Marketing Automation Software Vendors
Set Expectations by Scoring Your Lead

2 comments:

Maria Pergolino said...

When I did not have marketing automation and was just trying to regularly blast my prospect list it was much harder to develop content. I had to find something fresh to send to a large audience every week or two to keep my audience engaged.

After implementing marketing automation I found that I could make better use of the content I had. Each new prospect could be nurtured with content already created, delivered in the order I thought best. This meant I didn't need new content for these leads. It also meant that all leads were educated about my product and/or industry before speaking with sales.

Leads that had been through this nurturing know about the value my product brings, so the content I share can be less frequent that in the original nurturing program. Also, I have learned from my nurturing program which assets work best, so I can focus my content efforts on pieces more likely to be of interest.

I know it can be a lot of work to get lead nurturing and marketing automation set up and then optimized, but once done, it can really help with relieve some of the need for new content so frequently.

Unknown said...

Maria, You make an excellent point and one which I will also make on the next post. You can certainly capitalize on the content you currently have and use it in a more predictable, organized way. My thoughts were more aligned with your comment about "focus my content efforts on pieces more likely to be of interest". With enterprise software, the sales cycle can be 9-18 months - the timeline of the marketing funnel is not currently measured (as far as I know but I'll research that) but to nurture those kinds of propects, I have found that we need more content over the lifecycle.