Which are the technologies that are dominating the Marketing Automation space?
Did you know that when it comes to marketing automation, just six technologies hold more than half of the market share? Well, now you do – courtesy of competitive intelligence and lead generation company SimilarTech and inbound marketing agency Bold Digital Architects.
The two companies recently teamed up to create a report on the State of Marketing Automation in 2017 and managed to draw up a couple of interesting conclusions.
Before we go into further detail, here’s a short overview for your convenience:
Six biggest technologies hold a total of 57 per cent of the market share.
A total of 482,765 websites have been using marketing automation technology last year, representing an increase in usage.
With more than a fifth of market share (21 per cent), Hubspot has the single largest market share.
B2B companies are most inclined on using marketing…
Chart of the Day: Don't forget your Lead Scoring
We all know about Email Marketing Automation, but what is Lead Scoring?
In the chart, we can see that Email Automation is the most popular at 65.50%, which is expected. The chart also shows how little people either know or use lead scoring, as it's only at 11.80%.
Lead scoring is an excellent way of ranking prospects using a scoring method. These scores will help sales teams to prioritise leads or which should be nurtured by marketing more.
In the beginning of the process, marketing and sales need to work together to decide on what their ideal prospect is and what we want them to do on your site. And then assign or detract points from the prospects score for doing those activities. For example:
Visited Pricing Page = 20 points
Visited Blog = 1 point
Visited Careers Page = -20 points
Each time a prospect visits one of these…
Simple recipes and tips to get you started with your Marketing Automation
Are you still sending out blanket e-shot campaigns to large, anonymous lists? The latest research from the Smart Insights - GetResponse Email Marketing and Marketing Excellence research 2017 shows that many businesses aren't yet tapping into marketing automation. More than half (54%) rated their use of marketing automation as limited including around 20% who weren't using it all. If this describes you, then the 'shot' part might turn out to mean 'shot in the dark.' In an age where PPC and SEO let you reach a target audience actively looking for companies like yours, blunt emails are rapidly becoming a thing of the past or should be.
Most companies already have all the ingredients - an email platform, a CRM full of client data, and an incoming source of leads gives you everything you need. Getting started can seem daunting,…
Is the Marketing Automation Industry about to be disrupted?
Marketing Automation software is on the rise. In today's digital landscape, most marketing departments have to automate tasks such as emails, social media, and other website actions. The technology of marketing automation makes these tasks easier, by enabling companies to connect with their various customer segments or personas at designated times, based on set parameters that respond to a customer's relationship or previous interactions with a brand.
As marketing teams are required to establish more frequent and bespoke conversation with customers and other potential clients, marketing automation software has fast become a staple of most marketing teams.
HubSpot and Marketo are the pioneers in this field, and remain the most widely used marketing automation platforms on the web, with tens of thousands of companies using them to optimize and automate their inbound marketing…
SMEs needn't be left behind by new Marketing Automation technology
A dismal 37 percent of shoppers say that the average retailer “gets” them. It’s perhaps for this reason that consumers spend a lot of time researching online before making a purchasing decision offline. And for the first time ever, - as data shows - there are more online sales than in brick and mortar stores in some sectors.
The difference is that the new kids on the block - the ecommerce guys - are making use of technology to improve the customer journey, which is one of the most critical factors to keeping customers and attracting more business.
In fact, C-suite executives reckon four particular technologies will be key for marketing success in the future:
Cloud computing and services
The Internet of Things
This article examines the top marketing trends for 2017 that are specifically related to these four technologies,…
Chart of the Day: What makes you choose your marketing automation platform?
There is so much choice with marketing automation platforms now, with nearly every Email Service Provider (ESP) adding them to their grades. But what are others choosing their platforms for?
Marketing Automation platforms aren't cheap, even the ones that are rather simplistic. So these are expensive investments, but what would drive a business to choose one platform over another?
In the chart below we can see that the most important reason why a business goes with a specific marketing automation platform. 54% said that it was the ease of implementation. Now, I have implemented a fair few marketing automation platforms and ESPs, and yes they are a ball ache and can take a lot of time and planning. But is this really a fair reason to go with a specific platform and spend all that money? Just because it's easy? I…
Chart of the Day: Setting Up for Success With Email Automation
How much revenue per person, per campaign, can email automation generate for you?
The below chart covers 4 activities, winback, browse abandonment, welcome series and abandoned cart emails. It's then split into average orders from under $50 to over $200.
The best performing in 90% of the activities is the abandoned cart email, displaying from nearly $3 per person, per transaction to over $14. The only anomaly is when the order value is under $50, where the welcome email series has $2 per person, per transaction.
Source: How segmentation and automation drive email marketing success
Sample Size: U.S.–based companies sent in Q4 of 2016 — a total of 1.5 billion emails
Recommended Resource: B2B Marketing Automation Guide
Marketing Automation was one of the top trends of 2016, here is how to use it in 2017
Anyone who has run an online business, even for a short time, knows that digital marketing offers a wide range of possibilities. A survey of marketers by Regalix tells us that website and email are the most effective channel of online communication. For every retailer email is the primary tool for bolstering sales, however sending generic newsletter campaigns tends to be less and less appealing to subscribers. FreshMail’s research shows that highly personalized campaigns achieve better results and that’s our subject here.
It’s important to get to know the real needs of your customers and to send interesting, engaging content based on advanced personalization and optimization of email marketing campaigns. The potential of Email Marketing Automation (EMA) helps marketers send effective messages suited to the needs of subscribers in a defined contact or…
Chart of the Day: What are the most popular automated emails?
Marketing automation is a great way to make email marketing more effective and the email marketer more efficient. This week's chart, that is displaying 2016 and 2017 data, is asking, "Do you send out automated emails based on the following triggers or behaviour?"
The most used trigger, "Subscription or sign-up to website" is at 44%, however, it's down by 2% compared to 2016. The trigger with the highest growth is the "Subscription due for renewal" which has grown to 18%. What's interesting is that 7 triggers were more used in 2016 and 3 in 2017.
So it's fair to say that more than half of these email marketers either don't have these triggers at all or they have to do them manually. I have done manual versions of all of these triggers over the years and it's fair to say that they…
AI isn't going to take your job. It's going to make you better at it.
When Deep Blue beat Garry Kasparov in 1996, it was a testament to the incredible number crunching power of a computer. Deep Blue was capable of evaluating 200 million moves per second, and no one since built a more powerful chess computer. That's right - even though it was built in 1996, it's still the most powerful chess computer ever built. Can you think of any other type of computer for which processing power peaked in 1996? No, I didn't think so.
So why has no one ever built a more powerful chess computer? Because advances in AI mean you simply don't need that hardware anymore. Today it's possible to get your old laptop to beat the best chess player in the world by installing some chess software, and even though your rusty old machine is only…