Already raking in $3.2 billion by 2010, the marketing automation industry is expected to grow to $4.8 billion in 2015. The leaders in this field are Marketo, Pardot (Salesforce), Eloqua, Silverpop, and so many more.
First, what is a marketing automation platform?
“Marketing automation refers to software platforms and technologies designed for marketing departments and organizations to more effectively market on multiple channels online (such as email, social media, websites, etc.) and automate repetitive tasks.”
Even if we all understand the general concept behind this definition, we are less sure what they can truly do for a business. Here are the top 5 benefits a marketing automation platform can deliver:
1. Segment your customers and create targeted marketing campaigns
The key success for your marketing campaign is to deliver the perfect piece of content at the perfect time. Isolate customers into segments to know where they are in the purchase funnel and deliver a piece of content most likely to inspire them to take action. Studies show that on average, companies that have adopted this approach see a lift of more than 400% in their conversion for EVERY funnel stage.
2. Smarten your email programs
How is your current email marketing program? If the answer is “just a few email blasts a month,” it means that you need to create new email drips that will facilitate your desired results.
Here are two ways that an automation platform can help you:
3. Nurture leads until they’re ready to buy
This is possibly the biggest advantage of marketing automation. When you create your customer segments and targeted assets for each of them, you can start moving the needle for customers who are “not ready to buy” to “I am interested to know more” to “your product/service answers my problems and/or needs” to finally, “I am ready to buy.” Marketing automation tools let you automate this full process. How amazing is that!
4. Gain valuable insights for all your marketing efforts
You need to understand how your leads and customers behave on your site and outside your site. Start gathering information on everything they do, interact with, comments they make, other behaviors, and shape these into “insights” that will help define your future digital strategies.
5. Become a Customer-Focused company
When marketing automation only implies the automation of repetitive marketing tasks, it’s difficult to see how you can become a customer-focused company. But, this is exactly what marketing automation is capable of helping you become. By collecting and using behavioral information about your customers and leads, you can create such advanced segmentations that targeted information you share with them will seem TAILORED to one customer or lead. This what we call a Massive Marketing Initiative for a tailored customer/lead experience.
Vincent Cevalte, Digital Account Director, Prove, www.prove.it
Prove is a new kind of customer acquisition, retention, technology and analytics agency. We are redefining the way marketing works, by having a single-minded focus on results. Our approach minimizes marketing risk and maximizes short-term and long-term results through a disciplined process. Our philosophy is to leverage the power of Mass Personalization to increase ROI while reducing marketing costs.
We call it Acqretention™, the process of converting an anonymous audience that is always just a click away from the competition into Connected Prospects. In this way, we support direct response results, but we retain the engagement of prospective customers who are earlier in the buying cycle.
Our approach involves a framework that ensures marketing success we call Little Bets. We get into market quickly and generate learnings through extensive testing, then go big with the winning ideas, messages, offers, channels and technologies. We'd like to do that for you.
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