B2B Marketing automation can add significant value. Introducing omnichannel marketing automation is often a revolutionary and innovative way of thinking about the companies’ marketing efforts, and good intentions may be sabotaged by the dangers that lurk behind most revolutions. This is not a surprise. As with many other revamped projects, it is necessary for employees to change their mind-sets and behavior, so that the culture in the company changes and is re-wired across the departments, and that silo thinking is quashed – all to place focus on the customer’s needs and requirements.
What is preventing the companies from getting their marketing automation to fire on all cylinders? Where is the weakest link in the preparatory work? And which prerequisites are missing in the endeavors to ensure a consistent omnichannel program that creates the most value possible?
The seven deadly sins that need to be avoided are examined below…
1. LACK OF STRATEGY
Most customers have a strategy during the time of procurement, but often it is too all-encompassing and is thus not supported by a coherent set of objectives that the marketing automation system will be delivered into. Instead, there exists incoherent activities where the system becomes the lead for the strategy instead of vice versa.
A concrete manifestation of these deficiencies in the strategy is the absence of a plan for commercial data, as well as the insight and value that this can (and must) add to the automation activities. The companies know that they need a plan, but the problem is that they do not have the tools, skills and resources for this. Some try to solve the problem by creating a Commercial Data Officer position. The absence of a plan for commercial data creates several difficulties in relation to e.g. choice of data model, choice of systems that need to support automation, unclear integration requirements, unclear partnerships between marketing and e.g. IT, as well as demands to suppliers.
All of this reduces the possibility of success and lengthens processes.
2. CHALLENGES WITH DEPLOYMENT
These are some of the typical challenges in the start phase due to a lack of strategy:
- Implementation becomes more expensive and takes longer than expected
- TCO is underestimated
- The need for technical skills and resources is underestimated
- The general need for resources is underestimated
3. POOR COOPERATION BETWEEN MARKETING AND SALES
You will often see Sales and Marketing behaving like two ships passing in the night, or even appear to be shooting torpedoes in each other’s directions.
Cultural differences and objectives that are not aligned, reduce the exchange of the marketing automation system. This is especially true for B2B companies, where substantial value can be created in the interaction between automation (owned by Marketing) and CRM (owned by Sales).
4. LACK OF CONTENT
The task of producing content for content marketing is underestimated. This means that – even in a situation with a clear strategy and communication plan – it becomes difficult to provide the customers with relevant and personal content. Lack of content to support an intelligent dialogue that gives the customer more knowledge, means that the customer will be hit by messages that echo what the customer has already done.
Content marketing is a “beast that needs to be fed” and that is quite a task.
5. THE GLORIFIED EMAILS SYNDROME
All of the above may reveal our industry’s ‘dirty little secret’: that the system can really only be used for sending emails with little relevance and personalization, and which therefore does not represent omnichannel automation, i.e. a value enhancing cross-channel execution with the customer in the center.
6. VALUE MODEL FOR MARKETING
Defective model for measuring, managing, forecasting and improving the marketing pipeline. Just as important as sales generally are to pipeline management, it is equally as significant for pipeline management to have access to marketing. It is very difficult to assess the automation efforts when the model for lead generation – the volume, flow and speed through the marketing pipeline – is not clearly defined.
7. MARKETING IS FOCUSING ON THE WRONG KEY FIGURES
It may be tempting to base the automation activities on only the systems’ pre-existing key figures – typical standard CPI’s such as open rate, click through rate, conversion rates, etc. But this is not enough. For example, should the marketing activities’ resulting sales and the marketing expenses be included in the equation? If they are not included, it can be difficult (if not impossible) to relate to ROI – which then makes it difficult to continuously improve the efforts and optimize the use of the automation system.
Marketing automation creates value for the customers because it makes the companies’ messages relevant and personal. The companies earn money on this, but there is more to it than just that. Marketing automation is also a fantastic catalyst that companies can use to tune their organization and prepare themselves to meet future challenges and possibilities.
Good luck to you!
JAKOB HUUS ANDREASEN
Director of Sales
Hos Alpha Solutions arbejder vi med rådgivning, eksekvering og teknologi. Vi hjælper med processen fra A-Z. Vores forretningsmæssige rådgivning er uafhængig af den enkelte tekniske platform. Når det kommer til implementeringen er vores ekspertise Salesforce. Her har vi erfaring med kommercielle løsninger for en række kendte virksomheder.