Customers have "rights!" Marketers optimize them!

Monday, December 7, 2009 by Caryn Gray

Customers have “contact rights!” Unfortunately, not all marketers respect them, let alone optimize them for mutual benefit to brand and individual. Why not? I’m glad you asked, and I’ll start my answer with a very light definition of contact optimization.

 

Contact Optimization: A 1:1 marketer’s use of industry software to centralize business rules, constraints, and priorities and customer preferences that they can apply during a campaign segmentation to ensure the final target audience comprises only the individuals for whom that campaign represents the optimal mix of message, offer, time, and channel to meet current business objectives.

 

Answer: As optimized campaigns typically produce better results, I am somewhat perplexed as to why   we still have industry colleagues who do not use these tools in concert with their campaign management solutions. Here’s my thoughts about why I think they should use contact optimization solutions -- for reasons that benefit the professional, the company, the customer as well as industry peers:

 

       Relevance: Show you know and listen to your customers, or you may pay the price. Yesterday’s overlooked marketing messages are today’s annoyance, as consumer apathy turns to anger and hostility.   Emerging communication venues like social networks can turn a “private” matter public in just a few minutes, weaving and leaving a wrath of brand bashing that will need to be silenced and reversed.

       Accountability: Unwanted messages are, simply put, marketing resource waste. With increasing pressure to cut cost and grow revenue for maximum ROI, we have our marching orders. Management’s accountability mandate gives us license to optimize and an opportunity to move away from defending spend to championing and promoting its value. 

       Responsibility: Keep the industry self-regulated.   We have had only a handful of regulations and restrictions imposed on us over the many decades of 1:1 marketing.   Key to a future with marketing freedom that mirrors our past is an ability to pro-actively adjust and align marketing strategies and tactics for mutual relationship benefit, as the customer perceives it. 

       Reach: Prevent the creation of an email “postage stamp.” The big expense associated with off-line marketing tactics like direct mail and the complexities of a multi-channel marketing may have heavily influenced historical optimization solution use.   As more of us have shifted our emphasis to online communications, a low cost channel, we may not see the “benefits.” This couldn’t be further from the truth, as the email glut continually causes ISPs to develop new ways to filter and block emails. Perhaps they may even begin charging “postage” to reach the inbox.

       B2B marketers are in need, too. As more B2B marketing organizations build marketing automation solutions with field enablement functionality, these firms will need to centralize contact rules and priorities to ensure that Sales and Marketing teams with access to the same pool of prospect and leads are aligned in their messages, offers, and treatments. With their focus on the integration of their demand generation and lead nurturing solution with their SFA tool, most B2B firms overlook the importance of establishing and automating contact management processes.

  

We have the means to not only respect customers’ marketing “rights,” but we have the duty to do so!  I can incorporate easily and efficiently the customers’ “rights” in my marketing strategies and tactics without compromising business performance. So can you! 

Attention CEOs and CMOs, now is the time to invest in your marketing department!

Monday, November 2, 2009 by Gregory Hennessy
This blog may sound like a blatant pitch for investing in enterprise marketing management software, a category that encompasses both multichannel marketing and marketing resource management software.  I cannot pretend that this is a completely "fair and balanced" view given my employer (Aprimo).  However, the concept for this blog came from my marketing clients and prospective clients.  It is not an artificial idea.  It was organically grown.  Read it and see if it resonates with you.

The New Economy gives way to the NO Economy
Remember the New Economy.  It promised that globalization and the rapid movement of ideas, technology, resources, manufacturing, and financing through the power of the Internet was going to fundamentally change the way we live, do business, and market.  It was going to improve everyone's lives. 

Well, the new economy has been foreclosed on, though its structure is still there.  The New Economy is empty, has growing weeds, contains some broken windows, and needs some attention.  What we are left with now is a NEW economy that actually resembles the old economy of the frugal and considerate consumer.  I will call this the New Old (NO) Economy.  The NO Economy is not built on instant financing with no money down, creative investment vehicles, outsourcing everything, and ponzi schemes.  It is an economy based on a frugal, responsible, and value conscious consumer - the NO Consumer.

Marketing in the NO Economy to the NO Consumer
This NO Economy and NO Consumer has changed how company's market as well.  The days of if you build it, the customers will come are gone.  Or, if you offer it, the customers will respond.  Even in this recovering economy, the NO Consumers are more skeptical and less impulsive.  You can see this consumer behavior effecting most every industry - automobiles, hotels, gaming, software, airlines, media, manufacturing, etc.  Economists are seeing this as a fundamental change in the consumer.  This consumer behavior makes it much more difficult to get your prospects and customers to respond to your offers, no matter what you spend in marketing.  In addition, in order to deliver more value to acquire consumers, companies are compressing prices or delivering more for the same price.  This is putting pressure on margins and in turn reducing marketing budgets.  The marketing department is under siege both internally (budgets slashed) and externally (customers not responding).

It is time to invest in your marketing department
In periods of growth, when consumers were spending as fast as they could refinance their property, your marketing could be as targeted as a shotgun blast and as inefficient as a giant SUV.  It really didn't matter what marketing did, because the consumer was unstoppable.

It is time to invest in your marketing department to change with these leaner times and equip it to better manage this consumer behavior.  Investing in marketing does not mean giving marketing more money to hire more coordinators to send out more marketing messages, more emails, spend more on advertising. etc.  Investing in marketing means putting in the marketing systems, technology, and process improvements that will create a more efficient marketing department.  A good place to start would be an Enterprise Marketing Management (EMM) system.  This investment could be in a complete or even a partial EMM system.  Small incremental improvement with a partial system is better than standing still and doing nothing. 

An EMM system can help your marketing department produce targeted messages more quickly with fewer review cycles.  It can allow marketing to control and track marketing costs for those messages and deliver them to the right customer in the most cost efficient manner (personalized email, mail, web microsite, point of sale, etc.).  EMM systems combine marketing planning, financial and production management along with campaign, offer, and emarketing management all in one platform.  EMM allows you to reduce costs to improve your bottom line while also improving your top line revenue generation with more effective targeting and automated, personalized communication.  An EMM system will allow your marketing to be focused, more efficient, and more persistent to pry the NO Consumer out of his or her anti-spending cocoon. 

Why now?
Well before your marketing department was too busy generating revenue to implement a new marketing system.  Why not use this downturn in the economy to retool your marketing department.  This will allow your organization to survive in this bad NO Economy.  Then later, when the economy steams back, which economies always do, your company will be ready to take full advantage of the opportunities the next new economy will bring.

Inbound vs. Outbound Marketing

Friday, October 9, 2009 by Rob McLaughlin

As a company, Aprimo spent many years in a software category (marketing resource management) that most marketers knew little about.  This category focused on the "back office" of marketing, helping the marketer manage their projects, their budget, and their marketing assets.  However, most marketing organizations 10 years ago did this with spreadsheets and file systems (and many of them still do today!  p.s. we still would like to talk to you!).

When you live in a category for a long time that does not have general awareness, you get addicted to outbound marketing.  This is because you are constantly having to "reach out" to educate someone about what you do, why it is important, and why they should care.

Times have changed at Aprimo, and now we are serving many markets that have ready, willing buyers looking to solve the problems they have today with software we offer.  However, it is interesting that our marketing was slow to change.  We became addicted to outbound.  Even though there are many marketers now looking to solve problems like email marketing, search engine marketing, campaign management, and more, we have built an engine that tries to "call everyone" asking if they want to solve the problem vs. putting up a sign saying "we solve this" and letting them find us.

Ok, a sign is a simplistic example.  However, effective PPC campaigns are just not something we think first about.  For instance, there were 700,000 people looking for "email marketing software" this month.  However, we never seriously tried to win that search term.  Instead, we will place millions into channels calling people about email marketing hoping they happen to be one of the 700,000 that already told us they were looking via search.

Times are changing at Aprimo and so is our marketing approach.  In the coming months, we are going to be investing more and more on inbound channels.  However, habits are hard to break and this change does not come easily.  I imagine we are not the only company struggling to break such habits!

 


Dangers of the "I can figure it out" attitude

Friday, September 25, 2009 by Eric Teitsma
Let's face it, a lot of us feel we are pretty smart and that we can pick up new tools on our own.  That search engine managment tool cannot be that different from Excel right?  Just point us in the right direction and we will figure it out.  I will admit to falling into this trap more than once.  Have you?

Need a hint?  Do you never read the manuals on our home appliances/electronics because you can figure it out by yourself.

But then a friend comes over one day and picks up the remote for your DVR, pushes a couple buttons and makes something happen you did not know was possible.  You are amazed and ask "How did you do that !?!" and your friend replies "I read about it in the manual."

Beware! I have seen how this bit of "ego" can cause real harm when it comes to using demand generation or marketing resource management software applications.  Especially in the more functionally rich features like email and microsite builders, web analytics tools, collateral customization, or marketing project management.

We all want to assume that once we are taught the basics, we can figure out the rest on our own.  So, rather than attend real training or read the help manual, we poke around on our own and see what we can figure out.  The real risk with this is that you probably will "figure out" how to make that content block in an email be a "rules based" dynamic content block. You feel pretty good and give yourself a pat on the back.  What you do not realize  is that there were four other ways to have approached that same problem and three of them were much simpler or better than the way you "figured out" how to do it. 

Even worse, you are proud of what you learned so you share it with others in your company.  Over time, these bad practices get passed on from one user to another and pretty soon your whole team is doing things inefficiently or even just plain wrong without realizing it.  Everyone thinks that is just the way you have to do it. 

Over the years, I have had many instances where a customer complained to me about how difficult it was do something in our software only to find out they doing it completely wrong and were unaware of the other much simpler options.

Enthusiam and a positive attitude are wonderful when working with software applications but you must be open to asking questions and getting help from the experts when its needed.

Marketing Automation Software: The Agency Dilemma

Wednesday, September 23, 2009 by Bill Godfrey
Marketing agencies develop great creative.  For companies lacking strategic marketing competencies, agencies can also help fill this void.  Many agencies are also highly efficient in managing the outsourced production of marketing campaigns.  Agencies are a tremendous asset to corporate marketers. 

Within agencies, technology is harnessed and pushed to the limits for designing creative, executing email marketing campaigns, and managing interactive marketing activities using online marketing tools for search engine optimization and social media. 

So why have agencies been laggards to adopt marketing operations software, commonly referred to as Marketing Resource Management?  I believe it's because they realize that MRM applications have the potential to disrupt the status quo of their client relationships.  Think about it - why would agencies want to give their clients greater visibilty and transparency into their internal marketing budgets, plans, production workflows, traffic schedules, marketing calendars, digitial asset libraries and communication strategies? 

Aside from a few innovative firms, most agencies have been sitting on the sidelines out of fear that MRM systems will disintermediate the fundamental business relationship with their clients.  In the meantime, corporate marketing organizations are rapidly standardizing on MRM platforms in order to increase their own visibilty, accountability and control across their marketing portfolios, while accelerating their time to market and reducing costs and inefficiencies along the way.  Ironically, the benefits of marketing operations software can be the greatest in the very area of focus for many agencies -- interactive marketing!

The net result is that CMO's are taking outright ownership of their operational platform, inclusive of the intellectual capital and creative assets that were typically maintained within agencies.  Agencies and other marketing suppliers are being required to use these MRM systems as a virtual extension of the CMO's marketing value chain.  Over 70% of Aprimo's customers require their agencies to utilize their Aprimo solution as a collaborative extranet platform.  CMO's are no longer held captive by inordinate switching costs as they're now institutionalizing their marketing knowledgebase as a corporate asset.

Welcome to the 21st century.  Successful agencies of the future will embrace, and in my opinion should actually lead, this marketing transformation.  Interesting times, for sure.  



 

Introduction to Aprimo's Vision

Wednesday, September 23, 2009 by Bill Godfrey

Here we go - my first blog post.  I hope you enjoy reading my musings on marketing automation software.  And yes, I'm naturally a little nervous about freely sharing my thoughts and ideas, but hey, I'm excited to learn from your feedback and dialogue, so don't be shy.

For those who don't know me or my company, I co-founded Aprimo, Inc. with Rob McLaughlin in 1998.  Time flies when you're having fun!  Despite all the nay-sayers chirping "are you out of your mind -- marketing can't be automated, doesn't want to be automated ... marketing is an art, not a science ... don't waste my time," we followed our intuition and passion to build a company to fundamentally transform the way companies would manage marketing in the 21st century.  Looking back, our decision to start Aprimo has been an immensely exciting and fulfilling professional journey that I wouldn't trade for anything.   
 

Since this is the point of origin for my blog, it probably makes sense to start with sharing my vision for Aprimo.  Aprimo's vision is to provide innovative software solutions for companies to automate their marketing value chain; accelerating their marketing productivity and optimizing their marketing return on investment.  It's simple, yet comprehensive.  It's unique, yet relevant.  It's revolutionary, yet overdue.  It's bold, yet achievable.  Our vision and execution over the past decade has created many new categories of marketing automation software - such as Marketing Resource Management and Enterprise Marketing Management, and yet our vision remains an integrated super set of all these sub-categories.  We are still growing into our shoes.  Aprimo's mission is to build a world-class marketing software company whose products become the defacto-standard application platform used by every marketing professional to 'manage the business of marketing.'   
 

Fast forward to today.  Aprimo has hundreds of customers with over 100,000 marketing professionals using our applications in more than 40 countries world-wide.  Did someone say this type of solution was overdue?  We're having a blast teaming with our customers to solve some of their most pressing marketing challenges - encompassing interactive marketing, multi-channel campaign management, lead management, production workflow, marketing planning and financial management.  

I look forward to sharing these experiences with you in my future blogs.



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