level up on the future of marketing: marketing insights from marketing nation online
TRANSCRIPT
LEVEL UP ON THE FUTURE OF MARKETING
Marketing Insights From Marketing Nation Online
The growing popularity of virtual events has resulted in a melting pot of knowledge and expertise, accessible from a wide range of professions across
the globe. This diverse and comprehensive information can uncover new trends and insights about marketing, opening us up to a world of knowledge
and helping us better prepare for the future.
Insights from more than 25,000 attendees at Marketing Nation Online 2015 reveal exciting developments in store for the industry.
Let’s Explore
Marketers at Every Level Want to Help Shape the Future
67% of the event’s virtual attendees are marketers, with many in managerial or director roles. Many attended from small-business backgrounds, and are in the business services and so�ware/internet industries.
Where They Work98 different industries were represented, including:
Who They Are
Size of Companies Represented
Small Business
59%
Enterprise
17%
Mid Market
12%
Legend:SB = Up to 500 employees
MM = 501–3,499 employeesENT = 3,500+ employees
Business Services
19%
Software & Internet
18%
Computers & Electronics
9%
Retail
7%
Media & Entertainment
6%
Financial Services
5%
Manufac-turing
4%
Telecommu-nications
3%
24%
7%4% 4% 3%
Marketing Professional
Marketing Manager or
Director
President or CEO Sales Marketing
VP/CMO Agency
27%
Marketers are Diverse
The event drew a crowd from 68 countries, mainly hailing from:
Because of the flexible nature of virtual events, they attract a more diverse attendance base and reveal broader, global industry insights.
AUSTRALIA
INDIA
IRELAND &UNITED KINGDOMCANADA &
UNITED STATES
Let’s Dig In!
The future of marketing will hinge on:
Sales and Marketing Alignment
Mobile Marketing
Marketing Platform Integration
Multi-Channel Marketing
Customer Engagement
Join ForcesSales and marketing need to partner up. According to SiriusDecisions, B2B organizations
with tightly aligned marketing and sales organizations achieved, over a three-year period, 24% faster revenue growth and 27% faster profit growth.
Our data reveals a broad need for better marketing and sales alignment. Nearly half of respondents recognize the need to better align their sales and marketing teams.
How advanced do you consider your sales and marketing alignment?*Numbers are rounded.
Very advanced, we’re tightly knit
Non-existent, we have our work cut out for us
Moderate, we're on the same page
most of the time
Needs improvement, we have work to do
7%
14%
31%
49%
Stronger TogetherFriction between departments often arises from role- and goal-related misunderstandings. But when these are aligned, sales and marketing can determine:
Opposites AttractAlthough sales and marketing departments maintain important separate operations,
combined efforts have a complementary effect. Companies with blended sales and marketing ownership of lead-nurturing and incubation processes report better conversion rates.
Who their ideal customers are
Their customers’ pain points
How to reach out with the right offer,
product, or service specific to them
Neither team can do this alone. But together, they can create an environment that increases the buyer’s propensity to purchase. And when these buyers become customers, everyone wins.
A 10% lead quality improvement can result in a 40% improvement
in sales productivity.
SMS is a great way for marketers
to build an ongoing dialogue with
buyers, who are attached to their
mobile devices.
Here’s the 411: More Mobile, PleaseMore than half of attendees think that SMS and MMS messaging would benefit their organizations.
46% of smartphone owners say
it’s something “they couldn’t live
without.”
Through SMS, marketers can
build a strong brand–buyer
relationship of mutual interest
and continue the conversation
across all their channels.
Brands including Google Adwords,
Target, Macy’s, and Starbucks are
continually looking at new ways to
build their SMS databases.
Why should mobile marketers be thinking about this? And what impact will it have?
Source: “6 Facts About Americans and Their Smartphone” 2015, Pew Research Center
Don’t Fit a Square Peg in a Round HoleMore than 3/4 of our event attendees believe seamless integration across multiple platforms is important.
Your ecosystem needs to be better connected in order to run the marketing organization of tomorrow. Technology and systems that talk to each other don’t just ease ongoing
marketing activities, they also enable marketers to leverage the vast amounts of data available for next-level strategies and results.
Extremely important, must have a strong
ecosystem
Important, but not a deal breaker
I don't think about it
Not a priority, just a value-add
When you are choosing a marketing technology or marketing platform, how important are the partner ecosystem and integrations?
45%
37%
10% 8%
Beyond AcquisitionIt’s time for marketers to think beyond customer acquisition. Now, marketing strategies should focus on nurturing relationships to build an ongoing connection and earn customers’ loyalty.
Typically, marketing hones in on new acquisition, while customer success and sales may focus on retention. But getting on the same page ensures marketers and account managers can work
toward acquiring new customers, keeping them, and earning their loyalty. “THE B2B LOYALTY CHALLENGE,” 2015, CHIEF MARKETER
Acquiring new customers costs 5x more than keeping the ones you already have. “THE COST OF EBUSINESS OPERATIONS AND CUSTOMER ACQUISITION,” 2008, FORRESTER RESEARCH
Why think beyond acquisition?
Engage Throughout the LifecycleNearly half of marketers agree they need to boost their efforts to keep
customers engaged throughout their entire lifecycle.
Do you currently have a marketing strategy to engage buyers across channels and throughout their lifecycle?
*Numbers are rounded.
Yes, it's deployed28%
No, but we need one49%
No, it's not important6%Yes, we need to deploy17%
Are you able to “listen” to customer behavior and respond with relevant content?
Become the Customer WhispererOnly 1/5 of marketers actively observe and react to customer behavior.
If you want to build and nurture customer relationships, you need to be proactive.
Yes, across channels
22%
On some channels, but not all
55%
No
23%
All for One, One for AllDelivering a seamless customer experience is now a business must, and marketers are prioritizing omni-channel marketing as a result.
What does a seamless experience provide the marketer?
Source: “Omni-Channel Customer Care: Empowered Customers Demand a Seamless Experience,” 2013, Aberdeen Group
Companies with strong omni-channel customer engagement retain on average 89% of their customers, compared to 33% for companies with weak omni-channel customer engagement.
It means you’ll be able to hone in on specific customers and communicate to them on a whole new level. You’ll be able to weave yourself into your customers’ lives—becoming a part of their identities.
68% of marketers say it’s a priority for all marketing to be integrated across channels.
By personalizing your content, your customers
will feel more inclined to engage with you.
70% of buying experiences are based on how the customer feels they are being treated.
No Room for the WeakMost marketers agree they need to step up their content marketing efforts and
personalize their messages in order to grow. It’s time to prioritize and specialize.
What skill do you think your team must develop in the next year, if you’re going to successfully elevate your marketing?
Source: “The Moment of Truth in Customer Service,” McKinsey & Company
Branding17%
Personalization35%
14%
Reporting
Content34%
Survival of the Most AdeptThe evolution of marketing is all relative—a couple decades ago, digital marketing didn’t even exist. Today’s ever-changing
digital landscape requires marketers to adapt to new technology to stay relevant. Don’t, and you’ll be left in the dust.
Looking forward, here’s what marketers think will have the greatest commercial impact:
MarketingAutomation
Content Marketing
Big Data MobileMarketing
ConversionRate
Optimization(CRO)
SocialMedia
Marketing
SearchEngine
Optimization(SEO)
Wearables Online PR Paid Search
Marketing
Communities Internetof Things
(IoT)
PartnershipsIncludingAffiliate &
Co-Marketing
Display Including
Retargeting & Programmatic
Source: “Marketing Trends for 2016: Will We Be in a Post-Digital Era?” 2016, Smart Insights
20%
18%
12%
9% 9%
5% 5% 5%
3% 3% 3% 3%
1% 1%
Marketers are gearing up for big things to come. Don’t miss out on the latest marketing trends, topics, and even more insider insights; join us at The Marketing Nation Summit.
Sources“6 Facts About Americans and Their Smartphone” 2015, Pew Research Center
“Are SMS campaigns too intrusive, or not invasive enough?” 2013, Mobile Marketer
“Improving Lead Quality Can Improve Sales Quality,” 2007, Marketo
“Marketo’s 2015 Marketing Nation Online: The New Era,” Marketo
“Marketing Trends for 2016 – Will we be in a post-digital era?” 2016, Smart Insights
“Omni-Channel Customer Care: Empowered Customers Demand a Seamless Experience,” 2013, Aberdeen Group
“The B2B Loyalty Challenge,” 2015, Chief Marketer
“The Cost of eBusiness Operations and Customer Acquisition,” 2008, Forrester
“The Moment of Truth in Customer Service,” McKinsey & Company