Archive for the ‘Marketing’ Category

Is the term Marketing Automation Mainstream? And Does It Really Matter?

Monday, April 18th, 2011

I attended a networking event here in Austin on Thursday night sponsored by my friend and colleague Randy Meriwether. The attendees were a mix of entrepreneurs, CEOs, sales and marketing professionals, investors and professional service providers. As usual, the conversation was stimulating and the crowd lively, as this is a very smart, high energy group with their finger on the pulse of what is happening in technology. As is the case at these events, each new introduction is followed by, “So, what do you do?”

My general response is that I run a marketing automation company. I noticed that this was usually met with a quizzical look and the follow-up question – “What is marketing automation?”  Now, perhaps it was just this crowd, but I had expected more recognition of the term from this gathering.  When I said “Manticore”, most were aware that we provided a marketing software, and some could even describe what our software does and that we deliver it via SaaS. Others were aware of the basic functionality and a few of the vendors in our industry, so there was a general awareness of our market and the value that we deliver. Still, I was puzzled by the notion that the label we use for our market clearly doesn’t mean anything to a mainstream yet technically-aware audience. I am certain that everyone in that room could tell you what CRM is, or ERP, or even possibly EDA (Electronic Design Automation, for the technical software challenged). Yet, only hardcore marketers knew the definition of marketing automation.

So, what does this mean? My biggest takeaway is that we’re still in a very early phase of the market. Among b2b marketers, it is well known what marketing automation is and the business benefits it provides.  However, those business benefits and the associated label that defines them are not well known to the broader business community. It could also mean that we haven’t found a label that resonates in the CXO suite. Some vendors have tried to remedy this with the creation of Revenue Performance Management, but my informal poll says that doesn’t have traction yet either. It could also mean that my sample set is bad – perhaps this was just an unaware group. But based on the discussions I heard about social selling and content marketing, I have to say this is very unlikely.

Does that fact that marketing automation hasn't caught on as a generally known business term really matter?  Today, I’d say no. But if a year from now, an average CEO or CFO doesn’t know the meaning of the label we’ve ascribed to the technology that helps efficiently move leads through the pipeline and turn them into revenue, than I’d say that as an industry, we have a problem.

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Jeff Erramouspe

Gartner’s MarketScope for CRM Lead Management – An Observation on Analysts’ Ratings and the Factors that Drive them

Saturday, March 26th, 2011

“MarketScope for "CRM Lead Management" http://bit.ly/gISNVP Wonder which Positive ones are Gartner customers. And which Caution ones aren't.”

-          Tweet from @KurtMW, aka Kurt Weisenberger, Sr. Marketing Manager at Planview

I saw this tweet from one of our customers earlier this week and thought to myself, “Hmmm, I had the exact same question”. Of course, I think the answer is pretty obvious. Anyone who has played the analyst evaluation game understands the score – in order to be rated favorably, it really helps to also be a client. I’m not suggesting it is the only criteria, but I’m certain there is a very strong correlation in this report between a having a Positive rating and being a Gartner client and having a Caution rating and not.

Perhaps I’m just being overly defensive, but it isn’t clear to me (nor most of the readers I’ve talked to) exactly why we’ve been given a Caution rating. They could be concerned about our relative size, but regardless of size we have grown consistently over the past three years and 2011 is off to our best start in that time.  The report indicates that we only provide support in the US, yet we’ve got many international customers and partners, including Yamaha (Japan and Germany), HighDeal (France, recently purchased by SAP), AXA (Australia, through our distribution partner PRM), and Naseba (Bangalore and Dubai ), to name a few. We also serve customers who have complex lead management requirements, including Dell, Aetna, Jefferson Wells (a division of Manpower) and UPS, so the implication that we are only for those with “simple lead management requirements” is insulting to both us and the customers who count on us for their marketing automation and lead management needs.

Some of our prospects have said that our competitors who are Gartner clients are using this report against us.  Fortunately, most marketers have played the game and understand the caveats that go along with such reports.  I’d encourage all who are using this report as part of their decision process to dig behind the data.  Make sure that you talk to existing users of your considered vendors to get the full story.  You might find that caution is required where you wouldn’t expect it.

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Jeff Erramouspe

Managing Unhappy Customers on Twitter

Tuesday, May 25th, 2010

Following the conversation on Twitter has become yet another critical “to-do” for us in b2b marketing.  Every day your prospects, customers, employees, and other industry participants are providing musings and insights on your company, product, market space, and your competition.  What they are saying provides deep insight into your overall market, your position in the market, and your competition’s position within the market.  B2B marketers need to be monitoring these conversations to understand several key factors:

1. What customers and prospects are saying about your product and company.
2. What competitors are saying about your product and company.
3. What your competitor’s customers are saying about their product.

From the customer satisfaction standpoint, identifying what your customers are saying about your product and your company is of utmost importance.  Happy, raving customers are great in building brand awareness and reinforcing purchase intent.  No one wants to buy from a company with unhappy customers.
On the other side of the spectrum are unhappy customers.  By leaving them unaddressed, you risk degradation of your brand and hesitation in purchase intent.  As the vendor, you need to know if there are any issues going on.  If there are issues, it’s critical from every aspect of your company and your corporate brand that they be addressed.  There are positive ways of handling the situation – and there are negative ways of handling it.  Let’s start with the negative way with a quick case study based on a Twitter encounter I recently experienced.

Marketing automation is quite a hot topic these days.  From a competitive sales standpoint, I want to know what my competition’s customers are saying about their products.  Are they raving fans, or are they scorned customers looking for vengeance?  Every day our sales teams are fighting it out in the trenches – it’s invaluable to my sales team to know what customers are saying out there.  From a marketing perspective it’s also to my advantage to make this information as available to the marketplace as possible.

I recently saw a post from one of my competitor’s customers, flaming my competition for providing “terrible support” that also included their perception, “very young product needs lots of support.”  Obviously, this is a message that I want potential buyers to hear.  I have no doubt that they would like to hear the same from my customers.  With this Tweet in hand I simply retweeted the feedback to give the message a little bit of amplification.  Buyers are looking for feedback and input.  From my perspective, this is relevant input for them to consider.

Twitter Update Image

Ironically, I didn’t see any responses from my competition to address the initial complaint, or my retweet.  Perhaps that’s coming or they’re having a dialog as we speak – I don’t know.  How were they going to address this unhappy customer?  Were they concerned about it?  There’s no Twitter-trail for the world to see.  While it’s easy to initially easy to see only the negative in a Twitter post like this – it’s also a missed opportunity.  The vendor could have taken advantage of this opening to publically show how concerned they were and that they wanted to make the situation better.

What they did try to do was an example of what NOT to do.  They attempted to control the dialog.  I received a direct message from one of their Directors via Twitter saying:  “Is this the game you want to play?”   (To be honest, I thought this was the game we were playing – free markets, selling against one another, each trying to show why we’re a better solution over one another). 

Twitter Competitor Attempts to Control the Conversation

 The “control the message” approach won’t work.  Actually, to the contrary, the more you try to control the message, the more people want to spread it.  Unhappy customers on social media can’t be ignored, they need to be engaged.  The more you try to control the conversation, the more it will get out of your control, risking your brand and your growth.

So how should you address unhappy customers on Twitter?  First, establish a communication channel with them on the communication channel where the comment originated.  Use it as an opportunity to express your concern and get them to engage off line.  Social media is not the forum to work through specific customer issues.  Can their problem be addressed?  Perhaps there is an opportunity for you to turn this into a winning situation.  If you can address the problem, often the unhappy customer will be tweeting how happy they are with your support.  Expressing that you care and want to make them happy can also help the situation.  Customers want to be heard – are you listening?  Top notch companies focusing on customer service now have dedicated individuals to monitor Twitter for the faintest mention of unhappiness, so that these customers can be addressed.  Extreme?  Perhaps, but what is the cost of an unhappy customer raising hell on social media?  Run the numbers.

While technology in many ways has become b2b marketing’s best friend, it’s also rendered the old way of doing business moot.  You can no longer control the conversation.  Look to influence it instead.  It will be time and money well spent.

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Christopher Doran