Need Marketing Automation — Now What?

[dot_recommends] June 30, 2020 Manufacturing Trends

Need Marketing Automation — Now What?

A Marketing Automation Platform has the ability to quantifiably and unambiguously turn a marketing organization from a cost center into a revenue center. However, choosing the “right” platform is critical because the credibility of the marketing team rests in how it delivers on the expectations.

We all want to tame the beast to our advantage. Yet more often than not, I run into clients who lack a structured approach to go about selecting the “right” platform that not only addresses their needs, but also optimizes the spend, minimizes the learning-curve and scales with the organization.

So in that vein, the following is a 50K-foot view of a process to think through when rolling out a MAP:

A. Analyze the legacy business processes –

  • Determine which ones stay, which ones go, and which ones need altering
  • Map the desired processes across all departments (Marketing-Sales, Marketing- Exec Staff, Marketing – IT Staff)
  • Prioritize which ones need implementing first to get some quick wins

B. Business Objectives/Requirements –

  • How will marketing be gauged in the short-term?
    Map out a short-term and a long-term goal
  • Get a buy-in from all parties (Sales ,IT, Exec Staff) on-board
  • Set clear expectations with appropriate teams –
    Exec Staff – wins, ROI
    Sales – definition of a sales ready lead? Volume of leads, etc.

C. Audit all existing databases –

  • CRM Systems
  • Prospect Databases/External Lists –
    Completeness of data fields?
    How recent is the data?
    Level of engagement with the prospects?
    Buyer Personas?

D. Marketing Plan –

  • How many campaigns?
  • Which channels?
  • Frequency of prospect touches?
  • Time frame?

E. Tracking and Metrics –

  • Custom dashboards to determine:–
    Lead Velocity through the process
    Revenue Performance
    Engagement behavior across the channels, etc.

F. Stay away from analyses-paralyses

Remember…a Marketing Automation Platform, like marketing, is a journey and not a magic wand. So explore, evaluate and scale …

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With over two decades of experience, Parin leads an expert demand-generation agency, StratMg, that helps industrial manufacturing clients achieve unambiguous and quantified organic sales growth across the US, EMEA & APAC.

Parin has built & positioned StratMg to be a value-added marketing services provider that strives to create a culture of quantified sales-driven marketing initiatives leading to sustained business growth through channel management, diversification, new customer acquisition and retention strategies and tactical execution.

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