What’s it worth to you to show and improve Marketing’s contribution to revenue?
- AUTHOR Susan Habernigg
- July 2, 2013
- No Comments
Giving without attribution is a noble act, unless you are in today’s modern digital marketing world, where giving without attribution can be your downfall (and ultimately lead to your untimely demise in the workplace).
We all assume Marketing influences more revenue than is shown in our information systems, but just how large a role does marketing play in driving sales? Our Marketing Automation, Business Intelligence, and CRM systems show some of what Marketing influences, but in reality, Marketing is driving much more . . . and it’s probably not being captured unless you’re leveraging a Marketing Performance Management system native to your CRM solution (shameless plug – just like Full Circle CRM inside of salesforce.com).
Industry leaders like Eloqua, Marketo, Birst, GoodData, and Salesforce do an excellent job showing part of what Marketing is influencing, but the way your Marketing data is measured and then communicated between all the other systems can leave an incomplete picture. This is why at Full Circle CRM we believe in tracking and measuring all your demand generation programs inside of your CRM solution – it provides one source of truth for Sales, Marketing, and your executive team and shows Marketing’s influence on all demand generation programs, including Sales or Telesales campaigns, so you get a more complete picture.
In today’s age of digital marketing with the ability to accurately associate revenue with Marketing programs and accurate measure campaign influence, there should be no assumptions, only facts. Facts you need to better understand what campaigns influence the most revenue, drive the most net new responses, or whatever your KPIs are so you can make informed decisions about where to position your programs, how to plan your budget, and more. It’s why smart (and noble) marketers pay a little bit more for those additional solutions that provide them the ability to show all of Marketing’s influence on revenue and streamline their marketing mix.
If you’re interested in hearing more about how we do this in salesforce.com check out our webinar on Weighted Campaign Influence.