Tools of the Trade - Marketing Automation Tools Part 1 of 4

What are they and why do you need them


Marketing Automation tools, also called Engagement Marketing, are more than just lead nurturing tools. They enable you to define, execute, automate and measure your marketing programs. That’s the simple answer. But what are they really, why do you need one and how do you choose the right one for your company?


Marketing automation tools are systems that help nurture leads and turn them from suspects to prospects. These tools enable you to generate, track and manage leads. They make it possible for you to provide relevant information to each of your prospects, basically enabling you to perform one-to-one marketing easily and efficiently. You can optimize lead flow, drive ROI and move your leads through your pipeline quickly. What’s that you say? “This is too good to be true!” Maybe, but here are some of the main benefits:


· Optimize marketing spend - through analysis of campaigns and programs you can start to see monetary impact

· Target and reach the right prospects - provide them information that is relevant to them, spend the right money on the right leads, e.g. don’t spend the money to send a white paper on lead gen to a developer

· Optimize lead flow – nurture and qualify leads through lead scoring and better lead management

· Develop relationships that build loyalty and increase ROI – through drip marketing and one-to-one marketing you can essentially engage your prospects on their terms, thereby increasing response rates and further qualifying them

· Access and leverage data to measure and report information which allows you to quickly assess impact and change programs as needed

· Once you have identified successful marketing approaches, programs and campaigns, you can scale up your efforts—applying them to a wider range of prospects, or begin to segment different

· Align marketing and sales – simplify lead management and lead scoring, and deliver the best leads to the salespeople, therefore shortening the sales cycle


Still not sure what the heck I’m talking about. Come back tomorrow and I'll have some examples.

One of My Biggest Mistakes

Where to start….


Well, let’s say this blog is a long time coming. I should have started it awhile ago, but didn’t feel I had the time to update it so as to add value to folks. Now I’ve decided to make the time. Hopefully you’ll find it useful.


What makes me qualified to be a marketing pundit? Well, I’ve been in marketing for over 25 years. Lead gen, strategy, marketing programs, corporate marketing, PR, management - you name it, I’ve done. I’ve worked for small and large companies, for start ups and established companies. Okay, you get the point.


I hope to provide you with ideas, lessons learned and tools to help you continue to be a successful marketer.

(I should also put in a disclaimer at this point to let you know I am the supreme embellisher (I think that blog name was already taken), so take some things with a grain of salt.)


Let’s start with one of my biggest mistakes. Back in the 80’s, while working at Stanford, I was introduced to the World Wide Web (as we called it way back then). I had to use it as part of my job in working with government contracts. I thought, “Holy shit, this thing could be huge!!” So I told my friends (who are no longer my friends I might add), that I was going to buy www.coke.com and www.oreo.com (my favorite meal). At that time buying domains cost thousands of dollars and my friends convinced me it was insane to make that kind of investment. So I didn’t. Which is part of the reason I’m not retired today. But I digress.


The lesson I learned was to embrace technology. Also that being the first one out of the gate or being an early adopter (of technology in particular), can be tough, and expensive if you’re wrong. But in this business, in this day and age, you have to take some risks and try things. Hopefully you work for a manager and company that is willing to try new things..


Okay, enough for now. Next up, marketing in a down economy, tools of the trade, and so much more.

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