Table of Contents intelligent Lifecycle Marketing Bluenose. All rights reserved 1 Table of Contents Introduction Definitions Nurturing the Customer Journey through Intelligent Lifecycle Marketing Requirements for Implementations Intelligent Lifecycle Marketing Process Conclusion 2 Introduction Successful organizations have a rigorous, operationalized, and quantifiable marketing approach to the pre-sales motion. There’s a highly defined process on how businesses can nurture opportunities to a high level of qualification. But many companies don’t apply the same level of structure to the post-sales process. From the moment the customer relationship commences, businesses need to develop strategies for growing adoption, closing renewal and upsell opportunities, and creating customer champions to serve as advocates. Currently, many organizations approach customer marketing through hightouch interactions with account administrators and sponsors or via mass messages to end users based on marketing priorities. Both approaches carry significant drawbacks. The first doesn’t deliver true account insights because it usually lacks visibility of end user engagement. Furthermore, this approach doesn’t efficiently scale as a business ramps up its customer base. Since the second approach lacks proper targeting and relevancy, it can lead to messages that appear like spam to end users, which damages the overall customer experience. In order to better extend the marketing function beyond leads and opportunities to paying customers, organizations need to utilize lifecycle marketing. While lifecycle marketing involves delivering value throughout the customer journey, this paper introduces the concept of “intelligent” lifecycle marketing. Intelligent lifecycle marketing involves programmatically engaging with every end user of every customer in order to better build a base of advocates and drive adoption. Intelligent lifecycle marketing is much more than simply communicating with customers, as it must be personalized for every account and end user. Just like the pre-sales approach, a lifecycle marketing framework must be built with scalability, structure, and quantifiable 3 metrics in mind. The purpose of this white paper is to assist companies in developing an operational framework for intelligent lifecycle marketing. We explore the requirements for this initiative and include some example campaigns to illustrate its value to businesses with a subscription model. Definitions In this section, we’ll define certain words in the context of intelligent lifecycle marketing. Customer Most businesses define “customer” at the account level. By doing so, businesses often rely on anecdotal information from administrators or executive sponsors. This approach doesn’t provide true visibility into the health of a customer. In the B2B software world, the “customer” must mean every end user for every account. This is the only way to truly understand a customer base. Product Adoption Many organizations think of product adoption as a binary metric for each end user. They then classify customers as having “X% product adoption.” A more robust definition is needed in order to properly measure this 4 important business metric. Adoption should encompass: core feature usage, differentiated feature usage and new feature usage. Furthermore, the number of usage events (defined as a designated type of activity) should be measured for every feature category. Core feature usage gives organizations an indicator of whether users have effectively been onboarded and are gaining a baseline level of value. Differentiated feature usage gives your organization insight into whether the product is being fully utilized and the potential risk of customers moving to another vendor. New feature usage adoption helps to gauge if product investments are paying off. Advocacy Advocacy is crucial in the enterprise software world because advocates buy more, refer more and can meaningfully reduce the cost of acquiring new customers. Advocates are happy, passionate customers who are willing to say great things about your brand and product – often without asking. It’s important to segment the champions of your brands into “active advocates” and “passive advocates.” Active advocates are the ones that appear in your social media pages, webinars, case studies and other marketing material. There are a variety of tools and programs to identify, nurture and engage these active advocates. Passive advocates are end users who utilize your product every day and enjoy it but don’t evangelize your brand in a meaningful way. Passive advocates tend to be just as valuable as active advocates due to their in-depth understanding of a product. Analyzing data is the only way organizations can discover passive advocates. 5 Nurturing the Customer Journey through Intelligent Lifecycle Marketing Below, we’ll list a few examples of intelligent lifecycle marketing campaigns that SaaS organizations should use to nurture the customer journey. These campaigns are focused on onboarding, growing adoption, nurturing upsell and cross-sell business, and driving advocacy. Onboarding Business Objectives An onboarding lifecycle marketing campaign should have the following objectives: To efficiently enable end users of an account with an organization’s solution at scale. To identify and educate end users who are lagging in product adoption. To provide a smooth transition to subsequent campaigns focused on more in-depth adoption initiatives. Criteria for Success Organizations should use the following metrics to monitor the quality and efficiency of onboarding: 6 License utilization within an account. Base level feature adoption per end user. Average time to license activation. Average time to base feature adoption. Data Sources In order to deploy an effective onboarding lifecycle marketing campaign, organizations need to integrate with the following systems to collect and update customer data: CRM to assess licensing information. Product usage to track license and feature utilization. Marketing Automation across email, SMS and push notifications to generate and monitor outbound campaign activity, reach, and response. Campaign Example An onboarding campaign can be triggered after a deal closes and immediately after the implementation team conducts its kickoff meetings in order to maintain momentum. Effective onboarding campaigns focus on the benefits of the product for the end user’s everyday business objectives, as opposed to the features or capabilities. Robust Adoption Business Objectives A robust adoption lifecycle marketing campaign should focus on one of 7 the following objectives: Establish adoption for core features in order for users to attain a baseline of product value. Establish adoption for differentiated features in order for users to gain full product value and increase switching costs to a competitive solution. Establish adoption for new features in order to make sure that product investments are paying off. Criteria for Success Organizations should use the following metrics to monitor the quality and efficiency of robust adoption: Core feature usage events by end user. Differentiated feature usage events by end user. New feature usage events by end user. Time to adoption for each feature category. Data Sources In order to deploy robust adoption marketing campaigns, organizations need to connect to information from the following data sources: Time-series usage data allows organizations to gauge feature adoption and determine trends and patterns. CRM data, particularly support information, can signal if there are technical issues that could hinder adoption. Marketing automation solutions can help map outbound campaigns to fluctuations in end user usage activity. 8 Campaign Example A robust adoption campaign can drive adoption for differentiated features by targeting customers who meet any of the following criteria: Those who fall below a usage threshold of the given feature(s). Those without feature engagement within a set time frame. Those with dips in feature usage over a period of time. Separate messaging can be utilized for each of the above customer segments in order to deliver the most meaningful communication possible. Upsell, Cross-Sell Campaigns Business Objectives A campaign designed to drive incremental license purchases of the same product a customer owns (upsell) or license purchases of additional products (cross-sell). Criteria for Success Upsell and cross-sell goals should be set before campaign activity begins by assessing an accounts revenue expansion potential. Depending on an organization’s process, this can be handled by the Customer Success Manager or by Sales. Data Sources In order to deploy robust adoption marketing campaigns, organizations need 9 to extract information from the following data sources: CRM systems indicate the terms of the customer’s agreement, including the licenses assigned, licenses utilized and the renewal date. Usage data gives the vendor meaningful insight into the customer’s product adoption beyond license utilization. Billing systems should be used for revenue assessment since often CRM systems aren’t up to date with the latest financial information. Campaign Example An upsell or cross-sell campaign can be triggered when a customer hits or exceeds their license threshold. It can also be triggered when usage exceeds a certain threshold across the end user base. Depending on the organizational structure, the outbound communication can expose the benefits of a highertier product and/or market the same solution to different groups or teams within the account. Advocacy Business Objectives A strong advocacy lifecycle marketing campaign should have one of the following objectives: Identify advocate candidates within the customer end user base. Nurture engaged users into advocates. Encourage advocate candidates to join a formal program. 10 Criteria for Success Advocacy campaigns should be judged on candidate conversion rates along with the resulting engagement in advocacy and reference programs (e.g. social media outreach, PR references, sales references). Data Sources In order to deploy advocacy marketing campaigns, organizations need to connect to information from the following data sources: CRM data helps to ensure proper timing of campaigns by factoring in an account’s sales cycle. Product usage data helps to isolate “passive advocate” power user candidates. Social media listening tools, surveys and community data provide insights into “Active Advocate” candidates. Campaign Example An active advocacy campaign can be designed to identify individuals who are active on social media and community channels and encourage them to speak at an upcoming customer event. A passive advocacy campaign can communicate with power users for a given feature and encourage them to join a user community as a first step of demonstrating advocacy. 11 Requirements for Implementation A lifecycle marketing framework must include: business objectives, metrics for success, data and tools, customer segmentation to the end-user level, and robust reporting capabilities. Business Objectives Lifecycle marketing can only be effective if there are clearly defined business objectives with specified time frames. Criteria for Success The business objectives and criteria for success on lifecycle marketing efforts must be clearly laid out and made available to all of the stakeholders. For example, the business objective could be “improve adoption of new feature X by 15% in Q1” and the criteria for success would be an adoption measurement of said feature. Data and Tools The minimum technical requirements for a lifecycle marketing framework include: CRM Data. Product Usage Data. Marketing Automation. 12 Customer Success Solution. Reporting Capabilities. CRM Data This includes data regarding support tickets and opportunity stages (including renewal stage). CRM data and product usage data are foundational for intelligent lifecycle marketing campaigns because it gives you the baseline information you need about your customers. Product Usage Data Product usage data is one of the strongest signals an organization can get about the health of an account. In the SaaS world, strong usage data correlates with strong adoption and the inverse is also true. Customer Success Solution A Customer Success solution is the only way to get all of the needed data into one, 360-degree view of the customer. These vital bits of information reside in disparate silos but a Customer Success solution creates a unified view that’s actionable. A Customer Success solution can continually assess the customer base end-to-end and extract the relevant customers lists for specific campaigns. Marketing Automation Once a Customer Success solution parses through the data to segment the customer, a marketing automation solution is the only way that a lifecycle marketing process can ramp up. The Customer Success team could set up a call schedule with every single account to gauge their health but that approach doesn’t scale. That manual approach also means that individual end users don’t get touched in a programmatic way. Marketing automation is the only way to deliver personalized messages to all of your customers’ end users. 13 Reporting Capabilities An intelligent lifecycle marketing framework must have robust reporting capabilities. This can reside in the marketing automation or Customer Success solution but it must be able to reconcile spikes in activities with campaigns. An ideal lifecycle marketing process incorporates CRM data, usage data and marketing automation but also includes: Survey Scores. Social Listening. Community Metrics. Billing Systems. Survey Scores This can include Net Promoter Score, Customer Satisfaction surveys and other quantitative results. Incorporating survey scores helps to paint a complete picture of your customer and how they feel about a product. Social Listening Social media can be the first introduction users have to your company and it can also be a valuable signal for how end users are feeling about your product. Tools that mine Twitter, Facebook, LinkedIn and other social media channels can be valuable for understanding the ground-level sentiment for an organization’s products. Community Metrics If your organization utilizes communities for support or for customer engagement, community metrics can be an important data point to include in your lifecycle marketing process. Additionally, any input that helps to give you the “pulse” of the customer can be beneficial in a lifecycle marketing framework. A top-notch lifecycle 14 marketing process should be able to draw from as many customer touch points as possible. Intelligent Lifecycle Marketing Process Investing in a Customer Success solution is the first step in creating an intelligent lifecycle marketing process that delivers personalized, timely messages in a programmatic, scalable fashion. A Customer Success solution enables businesses to connect those disparate data sources into a unified view. From there, a business should implement its segmentation framework, which should include segmentation by account and at the end-user level. Segmenting at the end-user level is important because end users may not respond to account-level messaging. For example, an “unhealthy” account may still have multiple happy end users – the inverse is also true – so intelligent lifecycle marketing processes incorporate that to deliver the right message to the right user. Once the Customer Success solution and marketing automation solution are in place, a rules engine will need to be created to dictate what campaigns are launched. This rules engine should continually scan the end user base for every single account. When the rules engine hits designated criteria, it will trigger specific campaigns. Finally, organizations must have robust reporting of its lifecycle marketing to measure the impact of campaigns. 15 Conclusion Many companies lack an intelligent marketing framework for the post-sales process. Existing post-sales marketing programs generally don’t focus on the end users, won’t scale as a business grows and can damage the customer experience by coming across as spam. Intelligent lifecycle marketing enables businesses to maintain an in-depth understanding of every end user while still having a programmatic way to touch an increasing number of customers as an organization scales. In order to implement an effective lifecycle marketing strategy at scale, businesses must have the right business goals, operationalized process that includes reporting, as well as the proper tools and solutions. When properly implemented, lifecycle marketing can lead to demonstrable positive results for growing adoption, improving upsell/cross-sell, creating advocates, and other businesses objectives that are key to those with a recurring revenue business model. 16 ABOUT BLUENOSE Bluenose is a customer success platform that empowers SaaS businesses to proactively manage customers through complete visibility, a robust early warning system, and built-in playbooks. For more information, visit www.bluenose.com www.bluenose.com http://www.twitter.com/BluenoseInc http://www.facebook.com/Bluenoseanalytics https://www.linkedin.com/company/bluenose-analytics-inc- 17