marketing horror stories: unmeasured roi (and what to do instead)

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Page 1: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)
Page 2: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Your Hosts

(Innovative Marketing Resources)Max Traylor | Director of Client

Services

@TheMaxTraylor

Danielle Winkler | Inbound

Marketing Consultant

@Dani_Winks

Page 3: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Imrcorp.com/innovative-marketing-

blog

Page 4: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

The State of Marketing Analytics

Page 5: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Only 37% of CMOs have quantified the

short-term impact of their marketing

spending

August 2014 The CMO Survey

Page 6: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

20% of marketers don’t measure ROI at all

August 2014 The CMO Survey

Page 7: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

63% of marketers rank marketing ROI as the

#1 most important measure to gauge

marketing success

IBM’s 2014 Global Chief Marketing Officer Study

Page 8: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Marketers that measure ROI are 12X more

likely to generate greater return year-over-

year than a lower return

HubSpot’s 2014 State of Inbound

Page 9: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

More than half of CMOs feel unprepared to

tackle “ROI accountability” (56%)

IBM’s 2014 Global Chief Marketing Officer Study

Page 10: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

71% of CMOs feel unprepared to manage

the “data explosion”

IBM’s 2014 Global Chief Marketing Officer Study

Page 11: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

What ROI is Not

Page 12: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

ROI = Money

Page 13: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Horror Story Time!

Page 14: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Higher Education (visitors)

Real IMR Client (Higher Education)

300% increase in traffic after year 1. 500% after year 2.

Page 15: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Wow – if we blog we can increase

traffic!

We got fired!

Page 16: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Another horror story…

Page 17: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

65% increase in traffic from sources that generated the highest quality leads.Client attracting HR decision makers

B2B Services

Page 18: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Wow, if we offer whitepapers we can generate

leads!

We got fired!

Page 19: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Ok, we get it… you need

“sales qualified leads”

Page 20: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Or not… we got fired again

Over the 3 months, we got 38 “sales qualified leads” (vs ~90 from organic)

Page 21: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

What we learned

The most valuable thing marketers can do is

MEASURE ROIso that you can improve every month.

Then, you will always be needed…

Page 22: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Visitors – Got it!

Page 23: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Leads – got it!

Page 24: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

How valuable are the leads?

Page 25: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Measure and improve ROI!

Every marketing investment has a different return. Lets measure it so we can improve lead volume and quality for sales!

Page 26: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

How to Measure ROI

IDEAL: # of customers (or final revenue) by

lead source (Organic? Email? PPC?

Events? Referral Relationships)

Track everything!

Tracking URLs are your friend!

Page 27: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

#1 Challenge for Marketers

What if you don’t have access to

customer information?

Page 28: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

YOU NEED TO

GET ACCESS

TO CUSTOMER

INFORMATION

Page 29: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Additional Challenges

• Long sales cycle

• Sales doesn’t follow a process

• Sales doesn’t capture feedback

• Sales never talks to marketing (and they

don’t like each other)

Page 30: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

What you can do today (real world)

1. Identify the marketing and sales process

2. Get the sales team on record (what are

the qualities of your favorite leads?)

3. Measure lead quality (manually or with

software)

4. Identify marketing investments that result

in the highest quality leads

Page 31: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Questions

Do you know of any rich sources of financial

performance data for inbound marketing

programs?

Page 32: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Questions

Can you suggest a method of calculating

ROI for clients that are just getting started

with content marketing that sell very high-

value ticket items ($500K-$1M)? How can

ROI be improved for such transactions

Page 33: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Questions

How do you measure "free" activities

(unpaid media) such as social, webinars,

email blasts vs paid media

Page 34: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Questions

Any others?

Page 35: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Still Have Questions? Get Help

http://www.imrcorp.com/help

This week’s password: iloveroi

Page 36: Marketing Horror Stories: Unmeasured ROI (and What to Do Instead)

Stay tuned for next week’s

webinar…

Topic: Buzzwords and Pitching Inbound

Marketing to Your Managers