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Monthly Archives: May 2012

The Big Reveal

Marketing Automation Software ChoiceWhere we last left off, I was debating between two final marketing automation solutions- one we could get for a very reasonable price, and another, more advanced system that would cost us 2-3 times the price. While we’d done a basic cost-benefit analysis, it was hard to say how much having any marketing automation solution would benefit us, much less the additional benefit we’d get from one solution over another. I was having trouble making a final call, and everybody else at the office was kind of split on their decision, as well.

Then our COO asked me a question that put it all into perspective…

He said, “For 2-3 times the price, it would mean a difference of tens of thousands of dollars each year. For that price, we could potentially hire another person in marketing. What do you think is worth more: the extra MA functionality or another human to help execute our campaigns?”

Once he put it that way, it was a no-brainer. Of course I’d rather have a person to help write emails and coordinate campaigns! Would it be nice to have the added MA functionality too? Perhaps. But we’re just getting started with marketing automation, after all. The likelihood that we would “hit the wall” with the more economical solution in the first couple years and need a more advanced system that quickly is very unlikely. Plus, even if we didn’t hire another person in marketing right away (which we don’t plan to), I would still feel silly putting all that money into software that we couldn’t get the full benefit from for many months or even years to come.

So I picked up the phone and called the vendor with our final decision. Read the rest of this entry »

 
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Posted by on May 29, 2012 in Uncategorized

 

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Is That Your Final Offer?

Three months ago, we set ourselves a goal tSoftware Negotiationo have a final marketing automation decision by the end of this month. Well, here we are, less than a week away, and we are down to two final contenders. Contracts in hand, references called, wish list consulted… but which one to choose?

Rewind 1 week …
We had done our five demos and thought we had a pretty good idea which one we ultimately wanted. Based on our research, the chosen solution seemed reasonably priced for all the functionality it offered.

Then, out of left field, another marketing automation vendor calls and says that they saw this blog and thought we should at least consider their solution before making a final decision. Humph. But they weren’t on our short list for a reason, right?

After some initial debate, Besa and I decided to do a quick demo (if only to help us learn more about the MA software industry, even if we didn’t like what we saw). Unfortunately (fortunately?) we did like what we saw. Plus, the company is a leader in the industry and was very eager to win our business.

On the one hand, we had a bargain-priced option with all the functionality we needed, and on the other hand, we had a very robust system that we could use in more dynamic ways, but would cost 2-3x more annually.

Hmm… But maybe it wouldn’t have to cost us that much? Read the rest of this entry »

 
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Posted by on May 22, 2012 in Uncategorized

 

10 Questions to Ask a Marketing Automation Reference Customer

Marketing Automation DetectiveAt Capterra, we always recommend that software buyers do some detective work by getting references from existing customers (preferably from companies with a similar business model or from within the same industry). While most marketing automation vendors will be more than happy to connect you with a few of their referral contacts, it’s always a good idea to seek out your own, as well. Why, you might ask? Well, if a customer has volunteered to be a reference for the software company, it’s likely they’re one of the company’s best customers and “drinking the Kool Aid.” Your own connections (and even strangers) are probably more willing to give honest feedback about their experience with the software- the good, the bad, and the ugly.

So after completing our Marketing Automation wish list for Tech last week, Besa and I had finally narrowed down our MA decision to just two remaining contenders. That’s when we decided it was time to call some of their reference customers.  I wasn’t quite sure what I was going to say, so before I picked up the phone, I jotted down this list of ten questions…

Read the rest of this entry »

 
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Posted by on May 16, 2012 in Uncategorized

 

Make A Wish (or a few dozen) for Marketing Automation

Every time I talk to our tech team, I’m amazed by the simple questions that they ask. This time it was, “what do you want the marketing automation program to do?” By this point in the process we all know the answer to that, right?! Obviously, we want it to automate our marketing. You know… automatically. And do all that other marketing-ey stuff.

Ok, so maybe it’s time to think about this a bit more. Tech needs to know specifics about the types of emails we want to send, what landing pages we would host on the MA, which fields we need to integrate with our CRM, what we hope to do with the information the MA tool gathers, and a long list of other questions that we really should ponder before making a decision.

Katie and I called a meeting to hash it all out, but with so many people involved in the purchase (Sales, Marketing, Tech, our CEO), our meeting was going on too many tangents, so we decided to start a shared spreadsheet instead. Each team could list what they wanted the software to do, and tech could ask questions to determine which of the four remaining systems would work best with our existing business processes and tech infrastructure.

We gave ourselves a week to finish this step in the buying process. Read the rest of this entry »

 
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Posted by on May 15, 2012 in Uncategorized

 

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