SmartTouch Interactive Launches New Lead Adapter to Integrate with Third Party Real Estate Marketing Lead Sources

February 6th, 2012

New Enhancement to SmartTouch Real Estate Marketing Automation Platform
Boosts Lead Management Capabilities for Real Estate Builders and Developers

Austin, TX – February 8, 2012 – SmartTouch® Interactive, an interactive real estate marketing agency and real estate marketing automation and CRM software development company, today announced that it has made available the new Smart Lead Adapter™. The new software solution enables leads from third party sources, including New Home Source, New Home Guide and New Condos Online, to auto populate leads into SmartTouch®, eliminating double data entry and leveraging the SmartTouch Platform® lead scoring and nurturing capabilities.

“We continue to push our development efforts forward to create the most effective Real Estate Marketing Automation and CRM solutions available in the market,” said Alan Daniel, CEO and Co-Founder, SmartTouch Interactive.”

“There is tremendous value for builders and developers to have lead data going directly into a CRM solution from a third party source,” said Peter Brumme, Vice President and General Manager, BDX. “This will not only save time and money, but gives sales team the knowledge they need to act in real-time.”

The Smart Lead Adapter empowers builder and real estate sales teams with a complete view of lead activity from these popular real estate listing sites through SmartTouch CRM® and Marketing Automation, optimizing lead management and lead nurturing efforts and ensuring no leads are left behind.

Oscar Maria, General Manager, New Condos Online, commented, “By populating a CRM solution with leads gathered from a site such as ours, builders and developers will be better able to leverage the data for improved lead scoring and deploying more targeted automated nurturing e-mails.”

“We were the Beta client for the new Smart Lead Adapter and I absolutely love that these leads go directly into our SmartTouch CRM and I no longer have to forward them to the sales team to follow up on. They know immediately that there is a new opportunity,” said Natalie Bowers, Director of Marketing, MileStone Community Builders. “Plus, now we can see which leads are making it into our traffic pipeline and we are able to easily nurture these leads with our automated e-mail campaigns.

For builders and developers without a current lead management system in place, this gives them a turnkey solution to gain visibility into their advertising investment on these third party websites. More importantly, for real estate builders and developers using the SmartTouch Platform, they are able to use this information to achieve a higher ROI by leveraging lead nurturing campaigns, which have been proven to reengage 20-30 percent of leads and potential buyers that typically go untouched.

Robert Cowes, President and Co-Founder of SmartTouch® Interactive added, “The new lead adapter is a turnkey plug and play solution that further strengthens the SmartTouch suite and assures that leads from some of the top real estate listing sites are captured, scored and nurtured. The tool gives real estate builders and developers a competitive advantage and helps them ensure their sales and marketing teams stay in front of leads and never leave a lead behind.”

To learn more about the Smart Lead Adapter and the SmartTouch Platform, visit with SmartTouch CEO, Alan Daniel at the International Builders Show 2012 this week in Orlando. He will be available throughout the conference. Please call 214-662-4008 or e-mail adaniel@smarttouchinteractive.com to schedule a meeting.

About SmartTouch Interactive®
SmartTouch Interactive is an interactive marketing agency that provides proven lead generation programs and lead management system, SmartTouch® Platform. The SmartTouch team’s expertise in lead generation and online marketing helps firms that require a multi-touch sales cycle create demand for products and services and grow their business with customized, interactive lead generation programs and a lead cultivation. Backed by 30 years of experience in developing lead generation programs for 100s of clients, SmartTouch sets a new standard with lead generation programs and a single solution that integrates CRM, Marketing Automation, E-Mail Marketing and Inventory Management in one platform, SmartTouch. www.smarttouchinteractive.com

Brohn Homes Signs with SmartTouch Interactive For Its New Real Estate Marketing Agency and to Provide Real Estate Marketing Automation

January 24th, 2012

Growing New Homes Austin and New Homes San Antonio Builder Gears Up to Launch New Website Integrated with Real Estate CRM and Marketing Automation Platform

SmartTouch Interactive®, an interactive real estate marketing agency and real estate marketing automation and CRM software and services company, today announced that Brohn Homes, the well-respected New Austin Homes and New San Antonio Homes builder, has selected SmartTouch Interactive as its agency of record to improve its marketing prowess.

“I have tremendous admiration for the Brohn Homes operation”

“We chose to work with the SmartTouch team, because we wanted to work with the best,” said Aaron Boenig, Principal and Founder of Brohn Homes. “The SmartTouch team’s experience and deep understanding of the real estate market and proven sales and marketing performance, accountability, and results while delivering a great customer experience make them second to none in our industry.”

Brohn Homes will deploy the integrated SmartTouch Marketing Automation and SmartTouch CRM solutions and interactive lead generation programs as well as leverage the companies’ deep real estate marketing expertise to execute a digital marketing conversion strategy that will improve the effectiveness of Brohn Homes’ email marketing and website. The SmartTouch team will be redesigning the Brohn Homes website, developing and implementing email marketing campaigns, an SEO strategy, search engine marketing and interactive media listings management as part of the digital marketing programs.

“I have tremendous admiration for the Brohn Homes operation,” said Robert Cowes, President and Founder, SmartTouch Interactive. “Their commitment to quality and integrity is apparent in every aspect of the business; from the elegant design of the homes they build that maximize every available square foot to create smart living spaces to the way the sales team engages personally with each and every customer. We are delighted to have the opportunity to work with the Brohn Homes team.”

“Since founding Brohn Homes in 2002, we have been very successful growing our business organically,” said Adam Boenig, Principal and Founder, Brohn Homes. “As we began to expand the number of active communities we build in Austin, Cedar Park and San Antonio, we knew the time had come to take our marketing efforts to the next level. The SmartTouch team is a bit of anomaly, having both the marketing and real estate expertise that we needed. I look forward to seeing strong results from this team.”

“As a marketing agency and software services organization with a deep background in real estate as well as extensive experience in the markets Brohn Homes serves, our team is uniquely positioned to help, much more so than working with a traditional agency,” said Cowes.

About Brohn Homes

Founded by and for Central Texans, Brohn Homes is single handedly redefining home building from Austin to San Antonio. With over 25 years of combined experience, the company has established a reputation for building luxury homes in some of the hill country’s most sought-after locations. Brohn Homes combines craftsman quality and attention to detail with efficient processes and innovation to create a superior product and tremendous value for our customers. As we expanded into multiple markets over the years, maintaining the integrity of our product, regardless of size or commodity, has remained our guiding principle. www.brohnhomes.com

About SmartTouch Interactive®

SmartTouch Interactive is an interactive marketing agency with expertise in lead generation and online marketing that helps firms that require a multi-touch sales cycle create demand for products and services and grow their business with customized, interactive lead generation programs and a lead cultivation CRM solution. Backed by 30 years of experience in developing lead generation programs for 100s of clients, SmartTouch sets a new standard with lead generation programs and a single solution that integrates CRM, Marketing Automation, E-Mail Marketing and Inventory Management in one platform, SmartTouch. http://www.smarttouchinteractive.com/

Can Social Media or Marketing Automation Help You Convert More Browsers into Buyers in 2012?

January 16th, 2012


The Challenge

Today 95% of home buyers begin their home shopping online.    The challenge that real estate sales & marketing professionals have is the reality that only 8 our 10 of prospects that request information online are not ready to engage in a serious buying conversation – “they are researching.”

So what can sales agents do to figure out who are the 2 that are ready to have a serious conversation?  Answer is quite simple:  “filter the leads by working them aggressively, after all isn’t that sales 101.”  So what does that mean?

A Follow Up Tip

Contact them as soon as possible even if its 9PM at night, acknowledge your receipt of their e-mail and request a call time the next day to discuss their home buying criteria.   If it’s during normal business hours call them.   If a prospect gives you a legitimate phone number it’s because they want to be called, if you opt to use e-mail rather than fire off a canned e-mail with all of the details of the homes or communities you are selling in, give a simple overview and focus on open ended questions to engage the buyer in sharing their needs.

You will be amazed on how much you impress your serious prospects and how much you will improve your results.   Once the initial follow up is executed and the lead is not engaging or ready to buy what can sales or marketing do to increase the opportunity to nurture the lead?

So what can you do to try to engage and convert the 8 out of 10 that were not sales ready after all they responded your marketing campaign?

Having the opportunity over the last 6 years to manage over 20 million dollars in marketing and advertising budgets that has lead to over 125,000 leads and close to 400 million real estate sale for our builder and developer customers I will share with my fellow NAHB members our experience with these tools to reengage leads and increase the conversion results from your marketing investment.

Social Media

As social media made its emergence in the late 2000s as marketing communication channel we had an opportunity to be amongst the first firms to help builders & developers to leverage this channel that had such hot buzz.    As we approached this endeavor the market was beginning to turn and we had to justify how we would spend each dollar and what was the ROI for our customers.  We were able to justify the effort in developing Facebook & Twitter pages for our customers because at the time it was a variable that had significant weight on search engine rankings.

I’ll share with you a few tips of what you can expect out of a Social Media Marketing Campaign effort.

1)    If you are going to do social media you need to have valuable conversations posted at least 4 days a week.  Otherwise it actually dents your credibility.  It’s the equivalent of going to website news section that has not been updated in months or years.

2)    The amount of effort it takes in man hours to have genuine content and conversations takes in the neighborhood of 4-6 hours a week.  It takes quite a bit of effort so whether you do it internally or outsource it be prepared to justify the ROI.

3)    The voice or personality needs to be genuine and there needs to be a grass roots focused effort on growing the list.

4)    Do not expect social media campaign to be a source of lead generation.   The reality is that potential buyers will search a brand they recognize or utilize Google to search for location and product they are looking for.   Facebook & Twitter will be the last place search for homes in.   People go to those sites to keep up with friends, not to search for real estate.    What do you do when you browse through Facebook?   “Go look at your old friends pictures?”   Yeah…

5)    If you build a significant following or fan base of realtors, these sites can be leveraged to help you manage and boost attendance at your realtor events.

6)    If you want to leverage your fan base to convert leads or cross sale your best shot is to put incentives that are only available on Facebook or Twitter.   “Yeah right”, I have yet to meet a builder that will publicize their most aggressive incentives online.   But if that is not an objective, this can actually be a way to get a true ROI.


Marketing Automation (Intelligent Drip Campaigns)

Historically, broadcast e-mails have been a primary weapon in all real estate sales & marketing programs.  It’s the most economic marketing communication channel.    85% of builders with a formal marketing program use email to broadcast marketing information to potential buyers.   However less than 20% utilize the power of Marketing Automation a.k.a intelligent drip campaigns.

Three years ago we began to follow the emergence of this technology in the B to B arena.   Providers and industry analysts raved about how these automated 1 to 1 emails were increasing their engagement and sales conversion rates by 20-30%.    In addition to being a provider or real estate marketing programs our firm is also a software development company that provides a lead management platform.

So in 2010 we added marketing automation to the Smarttouch® Platform and began using the technology with the objective of helping builders and developers engage more of those leads that went into a black hole or that sales simply gave up on.   What we found was that by automating follow up with well crafted marketing messages we were able to match the same results providers in the B to B arena boasted about – on average 20% of leads engaged and responded to these campaigns and across the board with our customers marketing automation has helped increased net sales by 10-15 percent.

I’ll share some quick tips on some keys to the success in managing a marketing automation program

  1. Content is king.   You must invest the time in developing content that helps your prospects make a good buying decision.   For example, some of the most popular concepts we produce and have high engagement rates are; “8 Reasons on Why Buying New vs Resale,” 10 Fun Things to do in ABC Community”,   “Area Accolades”, “Top 10 Tips to Prepare For a Move.”    Opportunities are endless, but the content needs to be genuine.
  1. 2. Timing. Every 7 or 14 days is a good interval for frequency.  After all you want to stay in front while the idea is fresh on their mind.   You will want to produce at least a series of 5 e-mails that will go off automatically on behalf of your sales agents, to supplement their follow up efforts.  The date and time that gets the best results are Thursday’s at 10am.    In box is clear by that time and folks are making weekend plans.

  1. 3. Technology. A lot of email marketing programs offer drip campaigns, however true marketing automation technology goes way beyond that.  It enables you do introduce lead scoring to help you rank prospects that engage the most.   In addition, they offer the ability to utilize links to capture additional buyer info.  

After all this is a tool to market to existing leads so chances are you already have all of their contact info.  So why make them go to a landing page and fill out everything all over again?

A key tip if you proceed with that is limit yourself to 3 questions on let us know what you are interested is about as much as you want to ask.    Sample questions that we often use is location preference, timing, number of bedrooms and of course “contact me to schedule a tour.”

Whether you use a regular email service for drip campaign or marketing automation, assure that your calls to action generate notification e-mails to the person responsible for working that prospect.

  1. 4. Response Time. If you are able to set up a notification alert when prospects engage with your automated marketing messages, treat these reengagements with the same follow up urgency we advice on new leads.  

Try it and do a test run in 2012.   If executed properly it will get you a larger ROI from your marketing budget and can be what leads you increase sales by 10% this.   It’s in our arsenal because it WORKS!


Robert Cowes III
President & Co-Founder
SmartTouch® Interactive
www.smarttouchinteractive.com

How to Get More Leads for Less with an Integrated Marketing Approach

January 13th, 2012


Robert Cowes III, President and Co-Founder of SmartTouch comments on this great article.

This article highlights the adoption of a digital marketing strategy to take advantage of the nearly 80% of consumers and business decision makers using the internet to research product.  The key to getting the most out a digital marketing strategy is to put measure all efforts.   From search traffic, investments in search engine marketing, third party website advertising, e-mail marketing and social media.   Establishing a bench mark for cost per lead and cost per sale are key to establishing measuring mechanisms that ultimately will provide visibility to the data to optimize the plan by shifting marketing dollars to what works.    So the game plan needs to have the following components.

1) Establish cost per lead/cost per sale bench mark

2) Put together the tactical plan of where you will advertise and promote your products online

3) Set measuring criteria for all media buys

4) Integrate a lead management (CRM) system in place to gain visibility on the opportunities generated by the digital marketing plan

5) Establish a reporting calendar, assess and adjust the plan accordingly. A key tip is that give each effort 60-90 days before taking action on your conclusions.

6)  Optimize the campaign based on your findings and make this a repeatable process.

How to Get More Leads for Less with an Integrated Marketing Approach

By Biserka Anderson, www.business2community.com

Gone are the days when comprehensive marketing campaigns were the preserve of the super rich corporations. To plan and deploy traditional advertising and all-embracing marketing campaigns, one had to spend tens if not hundreds of thousands of pounds on TV commercials, radio and print adverts, direct mail, trade shows, not to mention the labour needed to handle all these activities that would ‘convince’ consumers to buy your product.

As audiences get increasingly adept at blocking out these ‘interruptive’ – and quite possibly annoying – commercial messages, outbound marketing as we know it is fast losing ground.

So is there a better way to spend your marketing?

Still thinking outbound marketing? Think again

The good news is that with the advent of the internet and the shift in people’s purchasing habits, there is a much more effective – and affordable – alternative to traditional marketing methods. All a business needs to do is open up and embrace integrated digital marketing.

Indeed, with 78% of consumers searching online before buying a product and 66% of these people purchasing on the internet (Hubspot), businesses can’t afford to miss out on the opportunities offered by the internet and ecommerce.

Yes, you may say, but how exactly can I tap into these opportunities when there’s so much to take care of? Making your webpage visible, driving traffic when there’re billions of pages vying for consumer attention, capturing and nurturing leads, converting them into real customers…  Throw regular blogging, search engine optimisation and the need for social media interaction in the mix, and all these processes can appear quite mind-boggling, indeed.

Create a holistic digital business strategy from the get-go

Luckily, now there is an easy and cost-effective solution to the streamlining headaches many an emarketer experiences. It’s called marketing automation and comes in the shape of an all-in-one integrated tool offered by software-as-a-service providers.

An integrated marketing platform streamlines processes by automating otherwise time-consuming manual marketing tasks, such as lead generation, lead nurturing and conversion, thus reducing turnaround times and minimising cost.

But beware – simply integrating digital marketing software into your business strategy won’t yield the results you hope to achieve. Everything – from lead generation down to that crucial sales call which will convert a lead into a client, has to be thought out before you even incorporate the online marketing software. Technology is no substitute for the power of thinking.

As a rule of thumb, use an integrated approach when devising your digital business strategy, optimise the marketing-sales experience and utilise any software as exactly what it should be – a tool for the execution of your overall strategy.  UK recruitment software company FireFish did just that for their new recruitment software product and achieved a whopping 84% cost saving per lead!

Since adopting an integrated digital marketing model, the company has slashed its cost per lead more than six times, while the cost to acquire a client dropped from £800 to £148. What is more, with nearly a third of all FireFish demonstrations now carried out with overseas organisations, the integrated digital marketing approach has levelled the playing field for a UK SME and placed it on the global map – something which would otherwise have been impossible.

Why the time to adopt an integrated approach to digital marketing is now

Facts pointing to the need for an integrated inbound marketing approach are incontestable:

  • B2B and B2C companies using inbound marketing techniques experience 60% lower cost per lead.
  • Companies which adopt inbound marketing enjoy 60% increase in traffic (MIT Sloan School of Management independent study).
  • Inbound marketing-dominated organisations experience a cost per lead 62% lower than outbound marketing-dominated organizations.
  • Users experience an average of 32% increase in leads per month (Hubspot).

Still, as an Econsultancy study of marketing automation buyers revealed, businesses at large are slow to adopt integrated marketing practices. Surprisingly, the report found that while decision-makers are picking up on marketing automation, 37% of businesses have no plans for using integrated marketing platforms at all.

With a low-cost digital platform, a marginal cost per customer close to zero and a promising return on investment, businesses savvy enough to be among the first to move towards integrated inbound marketing are the ones who will – naturally – be ahead of the pack.

SmartTouch Interactive President, Robert Cowes to Facilitate 2011 Austin Real Estate Marketing Forum Hosted by Home Builders Association of Greater Austin

November 22nd, 2011

Cowes Will Share Expertise and Lead a Real Estate Marketing Roundtable Panel Discussion with Top Austin Real Estate Leaders

Austin, TX – November 23, 2011 – SmartTouch Interactive®, a real estate marketing agency and software development company, today announced that it will co-host the 2011 Real Estate Marketing Forum with the Home Builders Association of Greater Austin.  Robert Cowes, President & Co-Founder, SmartTouch Interactive  will share case study information on what has worked with his clients and lead an interactive marketing round table discussion with Austin’s top real estate marketing leaders on December 7, 2011.

The panel members will each share their marketing experiences and knowledge on what worked in 2011 and where they’ll focus marketing efforts in 2012. Attendees will learn what programs and tactics worked for each of them, gain visibility into how the programs are developed and leave with great ideas for their marketing teams to incorporate into their plans for 2012.

The expert panel for the roundtable discussion will include:

Austin area home builders, developer sales and marketing personnel, realtors, title company marketers and marketing agencies are invited to attend this event.

WHEN: Wednesday, December 7, 2011

8:30am – 9:00am  Breakfast and Networking

9:00am – 10:30am Marketing Round Table

WHERE: HBA Office

8140 Exchange Drive

Austin, TX 78754

www.AustinHomeBuilders.com

“I am delighted to have the opportunity to lead this interactive discussion with some of Austin’s top real estate marketing leaders,” said Robert Cowes, President & Co-Founder, SmartTouch Interactive.  “I look forward to sharing case studies on how effective, integrated marketing automation and lead generation strategies and programs have helped our real estate clients maximize their online marketing potential to win more business in 2011.”

Attendees must RSVP for this event at http://www.AustinHomeBuilders.com or on Facebook by Tuesday, November 29. The cost is $25 for HBA Members and $30 for non-members.

The HBA of Greater Austin is made up of more than 800 home building industry firms. For more than 58 years, the HBA of Greater Austin has served as the leading not-for-profit trade organization dedicated to residential construction and remodeling in Central Texas. The HBA works with government, public, business and community organizations in five counties to help foster and grow American Communities.

About SmartTouch Interactive®

SmartTouch Interactive, formerly known as DemandGen Partners, helps firms that require a multi-touch sales cycle create a demand for products and services and grow their business with customized, interactive lead generation programs and a lead cultivation CRM solution. Backed by 30 years of experience in developing lead generation programs for 100s of clients, SmartTouch sets a new standard with lead generation programs and a CRM solution that integrates sales and marketing automation in one platform, SmartTouch.

MileStone Community Builders Taps Real Estate Marketing Experts, SmartTouch Interactive®, to Design New Custom Website

November 21st, 2011

New Homes Austin Builder, MileStone Community Builders, Leverages SmartTouch to Incorporate a Lead Conversion Strategy for its Website and Online Marketing

Austin, TX – November 22, 2011 – SmartTouch Interactive®, a real estate marketing agency and software development company, today announced that it designed and launched MileStone Community Builders’ new multi-community website, mymilestone.com. SmartTouch used its proven interactive conversion strategies to build the new website, helping mymilestone.com see a surge in lead sources from the website since the launch in early October.

The website incorporates interactive maps and content including, virtual tours, photo galleries, community information, a real estate buying guide, and floor plans that buyers can access. The website’s rich design is based on developing a unique look and feel for each community to immediately give buyers an understanding of the location, lifestyle and product.

MileStone Community Builders also signed on with SmartTouch Interactive to leverage the company’s deep real estate marketing and CRM experience, including deploying the SmartTouch Platform, SmartTouch Marketing Automatio, SEO, Text Messaging, SEM, pay-per-click campaigns and lead generation e-mail marketing campaigns.

“The SmartTouch Interactive group provides an A-team approach to all that they do,” said Garrett Martin, CEO of MileStone Community Builders. “Based on our goals for growth, we knew we needed an interactive marketing partner that could help us achieve a greater presence online as well as maximize on the entire online marketing experience. We have already seen an incredible increase in the number of leads since launching the website and we expect much more benefit to come as we leverage the SmartTouch team and their lead generation expertise.”

“We were thrilled to have the opportunity to work with MileStone Community Builders, a name synonymous with quality and innovation,” said Robert Cowes, President and Co-Founder of SmartTouch Interactive. “They recently won the HBA Presidential Volume builder of the year and increasingly gaining ground on market share in Austin due to their innovative products in great communities. We look forward to helping them continue to leverage the power of marketing automation and the company’s online presence to build on its current momentum and close more deals in 2012.”

About MileStone Community Builders

MileStone Community Builders’ mission is to serve our customers by providing a high quality home, doing the right thing every time, and offering innovative design and architecture at a reasonable price. We maintain honest communication throughout the homebuilding process, focus on one customer at a time, and exceed all customer expectations, because we understand that every home we craft is a milestone in each of our customers’ lives.

MileStone Community Builders is here “For the MileStones In Your Life.” www.mymilestone.com

About SmartTouch Interactive®

SmartTouch Interactive, formerly known as DemandGen Partners, helps firms that require a multi-touch sales cycle create a demand for products and services and grow their business with customized, interactive lead generation programs and a lead cultivation CRM solution. Backed by 30 years of experience in developing lead generation programs for 100s of clients, SmartTouch sets a new standard with lead generation programs and a CRM solution that integrates sales and marketing automation in one platform, SmartTouch.

SmartTouch Interactive Supports Local Youth Sports in South Carolina

November 4th, 2011

SmartTouch Interactive supports the West Ashley Rocks youth baseball team. The team plays out of St. Andrews Parks and Playgrounds in West Ashley, South Carolina. They are a 10 and under travel team that was formed after they played as an all-star team and won the Ripken/Babe Ruth 10 and under state championship. The West Ashley Rocks came in 3rd in the South East regional tournament out of 20 teams from across the Southeast.

St. Andrews is a very organized and active local organization that supports many charities with the events they host. One of the programs they are involved in is the Darkness to Light program. It requires all parents of children playing on the youth baseball teams to take training classes prior to the start of the seasons.

SmartTouch Interactive is a proud supporter of the St. Andrews program through the West Ashley Rocks youth baseball team.

5 Key Timing Tips in Engaging Internet Leads

October 26th, 2011

Timing!

1)  To capitalize on Internet leads you must respond to the prospect as soon as possible.  You have a 97% probability to engage in a phone conversation with a prospect that provides a legitimate number if you call them within 10 minutes of the form submission.

2)  We recommend immediate response between 8am-7pm.

3)  After hours an immediate email acknowledging you have received the message, requesting a good time to call the next day.

4)  If you are using a CRM set up tasks to make attempts every other day the first week, every 3 days week two.

5)  If after 5 attempts they don’t take or return your call, add them to your e-mail lead reengagement program.

To learn more about lead reengagement programs click here

Alan Daniel, CEO of SmartTouch Interactive Participates in Marketing Automation Round Table at the Texas E-Marketing Summit

October 24th, 2011

This past Thursday, October 20th, Alan Daniel, CEO of Smarttouch Interactive participated in the Marketing Automation round table at the Texas E-Marketing Summit. The Texas E-Marketing Summit is an interactive marketing showcase within Innotech – The Business & Technology Innovation Conference & Expo.  Alan was invited to discuss in a round table discussion with Kathy Mandelstein, Director of WW Demand Programs, Web & Events, IBM Collaboration Solutions & Social Business &  Joel Granoff, SR. Director, SAP.

Alan entertained questions on the lead nurturing process with marketing automation technology analyzing the chart below.

CRM-Integrated Marketing Automation – 5 Ways to Boost ROI

October 20th, 2011


Commentary by Robert Cowes, President & Co-Founder SmartTouch Interactive.

Without a doubt there is a lot more value in having an integrated CRM & Marketing Automation solution in place. The timing of when event based activities take place are critical to sales in the same realm to instant visibility to the performance of campaigns and different media buys is for marketing. Having sales and marketing with transparency and visibility enriches the organization by improving efficiencies. If you are considering migrating from an old CRM or introducing a marketing automation platform, below are a few factors to consider in your decision.

1) A complete all in one solution or an independent CRM & Marketing Automation platform integrated by API.

2)  Customization:  Most of the solutions in the market place come as a base tool kit that will require an investment in either your time, a consultants or the solution provider to understand your business process and customize the applications accordingly.   You will want to make sure that you budget for this and put in the time and effort to make it work.

3)  Look at cost structure:  Most solutions are priced by a single or combination of users, storage, number of e-mails or contacts.

4)  Put in place an internal champion/owner.   A successful CRM/Marketing Automation implementation will be dependent on the level of service and support provided by the solution provider combined with go to resident expert inside your organization.

5)  Be practical.   It typically takes anywhere from 2-12 months of power using to see a true difference in your efforts and results of an investment.   The most important effort for sales to take the discipline to enter the data and leverage the features/tools.   Marketing uses the platform to nurture and reengage leads.

6)  You want to make sure you understand your terms of service on e-mail and list management.  Beware that most marketing automation solutions provide e-mail service and under their terms of use they may not allow for users to send e-mails to third party lists.   Be sure to READ THE TERMS of MAILING Service.

7)  Be practical #2. Marketing automation mailing systems can provide some powerful 1 to 1 marketing features that can make very personalized communication with your mailing list.   You want to consider the size and profile of your list.   Consider that e-mail marketing is like any other direct marketing, you are playing the law of numbers.   So build out a marketing nurturing campaign that puts the effort involved in creating the content and strategy in perspective with the size of your list.

The Smarttouch Platform is an integrated CRM & Marketing Automation solution.  If you would like to schedule a personalized demonstration click here.

CRM-Integrated Marketing Automation – 5 Ways to Boost ROI

By: Debbi Qaqish
destinationcrm.com

ROI as a topic and as a goal for marketers is here to stay. Leveraging tools, people, and processes to effectively contribute to revenue and demonstrate ROI is job number one for all revenue marketers.

While I am passionate about the softer elements of this success equation, it needs to be understood that it is the integration of a full-featured marketing automation tool with CRM that creates the foundation for establishing and reporting on ROI success.

Lead Generation & Marketing ROI, a recent study sponsored by The Pedowitz Group and conducted by Lenskold Group, found the connection between CRM and marketing automation as an enabler of ROI to be critical. In the study, marketers without marketing automation, marketers with marketing automation, but not integrated into CRM, and marketers with marketing automation and integrated to CRM were compared. The study refers to marketers with marketing automation and CRM integrated as “Integrated Marketing Automation.”

One of the key findings in the report is how marketers using both CRM and marketing automation perform better. “Companies using full-featured marketing automation integrated with CRM or sales automation indicate much higher rates of reporting and forecasting metrics.  Compared to marketers with no marketing automation, integrated marketing automation users were more likely to report performance metrics (average 58 percent vs. 36 percent per metric), report financial metrics (average 46 percent vs. 22 percent per metric), and forecast metrics (average 56 percent vs. 35 percent per metric).”

In the study, performance metrics were items such as reporting on number of opportunities, percentage of leads converting to opportunities, etc. For the marketer, these numbers clearly indicate the value of an integrated solution.

And this makes sense. It’s the integration of marketing automation with CRM which creates a complete revenue picture and process. I recently had an interview on Revenue Marketer Radio in which the marketer referred to the joint sales and marketing organization as the revenue team. This type of continuity and clarity can only be achieved with the integration of CRM with marketing automation. This integrated foundation allows for the tracking of every lead from the top of the lead funnel to the bottom of the sales funnel.

With this key finding in mind, here are five ways for improving marketing ROI based on research from Lenskold Group:

1.  Target high value, high potential leads. This is one of the most powerful features in marketing automation in that it allows you to segment during any and every stage of the client buy cycle and do it automatically. With lead scoring, personalization, and automatic segmentation based on behavior, this can be a huge ROI winner.

2.  Improve conversion late in the funnel. For most clients, this is an area of low hanging fruit and huge impact. One recent example is a client we are working with where they only convert 2 percent of all trials. A trial occurs very late in the cycle and a 1 percent uptick in conversion rates has an immediate and incredible impact on revenue and marketing ROI. Using marketing automation, we can effectively nurture the experience and do it dynamically based on response and use or non-use of the program during the trial.

3.  Reduce leakage with better integration. We call this “No Good Lead Left Behind” and with marketing automation, this is an area of big upside. Take the time to map out the life of a lead from lead to close and look at those key areas where leads are leaking out of the process. Once you understand where and why they are leaking out, you can plug those leaks with automatic nurturing through your marketing automation system, especially when it is integrated with your CRM. An example is when a lead is passed to sales and the lead is not ready. Typically what happens is this lead is lost or re-bought at a later date. With marketing automation, either the rep can place that lead back into a nurturing program with two clicks when marketing automation and CRM are fully integrated or marketing can set up an automatic sweep of aged leads back into the nurture program.

4.  Accelerate leakage of low-potential prospects. This means take out the trash, frequently. Taking this noise and distraction out of the system can have huge benefits both in terms of ROI and marketing-sales relations. By working on data quality in both CRM and marketing automation and instituting a highly effective lead scoring program to take out the trash early, you can diminish this noise and revenue drainer.

5.  Gain efficiency and eliminate low impact media. Efficiency and spending money on high return marketing programs is the hallmark of an effective marketing automation program. The number one reason marketers buy marketing automation is for proof of results and decisions. Ever fought with sales in the effectiveness of going to a trade show or on running an ad? With marketing automation and the reporting that comes with it, you can now have a business discussion with proof points.