Archive for the ‘Marketing’ Category

LoopFuse OneView 3.27 Released!

Sunday, August 29th, 2010

Enhancements in this Release:

New Email Campaign User Interface

In this release, we have completely redesigned our Email Campaign user-interface, adding new features in the process. The entire user-interface was redesigned from the ground up, in an effort to improve usability, deliverability, minimize test cycles, and provide eye-popping real-time analytics on your awesome email creations.  Enhanced usability and testing capabilities makes it easier than ever for you to test your email content rendering as you are working on it. Real-time email campaign analytics means you no longer have to wait to measure results of your awesome creation.

Changes in this Release:

  • New Email Campaign Wizard: Our new Email Builder Wizard enables marketers and content creators to send and launch email campaigns quickly and easily with a 5-step process.
  • Live Testing: No need to use a “Test List” anymore for your email campaign testing. Simply type in an email address to send a test message to, and we’ll remember it every time you create a new campaign.
  • Enhanced Personalization: Personalize any field in the email headers (Subject, From Name, etc…) using contact information or CRM Lead Owner information.
  • Increased Deliverability: Simply flip a switch, and experience increased deliverability rates for your email campaign, using our new Auto-Authentication Feature.
  • Real-Time Email Campaign Analytics: Get immediate results from your email campaign launch with eye-popping charts and an increased level of detail down to a prospect’s activity across an email campaign.

Using a Prospect’s Latest Data in Email Personalization

This is a significant change in the way we handle email personalization. As of this release, LoopFuse OneView will use the latest contact information to personalize email content. In the past, LoopFuse used the contact information that was associated with a particular list member.

Special thanks to our customers for submitting these and other feature requests via the LoopFuse Community!

Marketing Automation for the CEO

Thursday, August 12th, 2010

Over the past couple years I have spent a considerable amount of time on the road meeting with customers to learn what they liked and didn’t like about LoopFuse. One of the more surprising discoveries for me is how many of these companies’ CEOs log into our product. Candidly, our product was never designed specifically for the CEO but rather for the marketing and sales teams. Primarily the CEOs are infatuated with the visibility provided by the real-time dashboards. It can be kind of hypnotic, like watching the stock ticker on CNBC because the dashboards automatically refresh themselves every few minutes (configurable). One of the executives I met with kept the LoopFuse dashboard running on his 2nd monitor throughout the day during large campaigns or major announcements to track the buzz generated throughout the day.
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The Last Mile : Required Fields for JavaScript Illiterati

Tuesday, August 10th, 2010

As marketers we are always building and tweaking lead capture forms. Refining which and how much information to capture based on our percieved value of what we offer in return (whitepapers, free trials, etc.). Building lead capture forms in HTML is not particularly difficult, but unfortunatley HTML provides no standardized way to validate form fields (at least not until everyone is on HTML5 compliant browsers). Therefore, to enforce required fields on forms we must resort to JavaScript. Typically this requires the assistance of a JavaScript developer who must be re-engaged each time the form fields are tweaked. Not anymore.

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Tracking the Effectiveness of your Banner Ads

Tuesday, August 3rd, 2010

I am only a few months into my new job here at LoopFuse, heading up their marketing team, and it has been full steam ahead with the exciting announcement of FreeView, the first and only free marketing automation solution. Being a previous user and advocate of LoopFuse, I found it easy to jump in feet first and start developing new marketing programs utilizing our own tool to create and track their successes.

As I continue to ramp up the marketing efforts here I wanted to share my experiences with everyone. Personally, I relate better to a product when I understand how I can use it to make my job easier on a daily basis. I am a marketing user just like you and I am going to discuss real-life use cases for using marketing automation in this post and future posts.

One of my first projects was to manage the launch of our new website and the messaging around it. The homepage was getting a makeover and one of the biggest changes was the addition of some scrolling banners. We wanted to get our audience’s attention with graphics that popped and content that was simple and to the point. Today we have four rotating banners.

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Who is following your digital footprints?

Thursday, July 29th, 2010

There is a natural trade-off that each of us makes everyday between convenience and privacy. You can drive through the toll booth and sit in line with everyone else waiting to deposit your anonymous quarters or you can drive through the SpeedPass lane at 80 MPH and have your wireless toll tag charge your credit card. For pragmatists, this decision is easy. But consider for a moment all of the information that has been generated about you and with whom that information may be shared.

Who (or more precisely which vehicle) was driving on which highway at what toll booth traveling in a given direction at an exact point in time. If the trip passes through multiple toll booths then a driver’s route, progress, and even his/her speed can be calculated. Applying analytical processes to all of the historical data for an individual allows us to generate a profile of the driver. For example, based on the time of day that the driver passes through certain tolls, educated guesses can be made about the location of his/her work. And remember, this data can be combined with the existing demographic data already on file to improve the accuracy of these guesses. For example, the driver’s home address is already on file for billing purposes. Using this home address services like Zillow.com can determine the cost of the home and therefore the driver’s likely household income. If that the driver goes through the airport toll road towards the airport on average twice a week and returns the next day and you might begin to suspect that this person works in sales or is an executive and travels extensively for short overnight trips to visit clients. With every data point collected this profile becomes more and more accurate; correcting false assumptions over time.

Of course, this kind of profiling can be used for many purposes, some mutually beneficial, some downright creepy. For example, the toll plaza could flash traffic warnings to you when you pass through based on your historical driving route. City planners could use the data to justify the installation of so-called “Lexus Lanes” based on segmentation of the income level of drivers on a particular highway. Or an unscrupulous individual could use this information to target homes for burglary when it appears the owner is out of town (remember the airport toll road). The possibilities are endless.

Online marketers are using a similar approach to profile their prospects in order to better measure level of interest and to segment and qualify prospects before handing them over to their sales department. Marketers who leverage this technology effectively can provide a more targeted and relevant evaluation and purchasing experience to prospects who truly show interest in their offerings and avoid annoying those who are “just browsing”.

Let’s review the kinds of information that marketers can collect online to build this profile:

Behavioral
The moment a visitor lands on my website, his/her browser is “tagged” with a unique ID that allows me to recognize him/her upon return visits to my site (or even across multiple websites depending on the situation). Now every click the visitor ever makes on my website(s) can be associated with his/her anonmyous profile.

Implicit
In addition to click stream data, the visitor’s web-browser shares certain information about his/her environment including his/her operating system, browser type, screen size (iPad anyone?), and IP-address.

Here is what YOUR browser is telling us about you:


3rd Party Data Enrichment

This IP-address can be used to help identify (with varying degrees of accuracy) both location and company affiliation of the visitor. The company affiliation is based on who actually owns the IP address assigned to the visitor’s machine. Consumers surfing from home will just show their ISP, but companies who are researching potential solutions from their corporate network will likely expose their company name just by viewing a webpage.

For example, this is what we have just learned from YOUR IP address :

Once a marketer is armed with a company name there are dozens of popular tools that can be used to enrich the data associated with that company including Google, Jigsaw, Hoovers, ZoomInfo, LinkedIn, etc. Also, location information can be used to personalize the web experience to highlight things that are geographically relevent to the visitor (relevant local events, locations near them, etc).

Demographic

Of course, the only way to get truly personal data is by trading something of value (whitepaper, free software, webinar, etc.) in exchange for unmasking the visitor’s anonymity. Every piece of data entered into a webform is linked to the prospect profile and is used in conjunction with the behavioral data and 3rd party data to construct a 360-degree view of that prospect that continually evolves as more data points are collected over time.

Email Interactions
Once the prospect is associated with an email address we send personalized email campaigns designed specifically for that prospect’s market segment and track every open, click, and forward of that email message by utilizing a combination of images and hyperlink rewriting.

The ease with which this data can be collected online and the power that marketing automation platforms like LoopFuse can provide to leverage this information creates an extremely compelling opportunity to move marketing from a “spray and pray” methodology to a highly targeted engagement model that treats each prospect as an individual. Of course, individual web surfers who are adamant about their anonymity must pay a “convenience tax” by disabling cookies in their browsers, disabling images in their email clients, using anonymous proxies for surfing, and using throw away email addresses when signing up for things. The same inconvenience tax that must be paid by sitting in line at a toll booth. Anonymity is not extinct online, but marketing automation technology has put it on the endangered species list.

Freemium and OpenSource Funnels

Thursday, July 22nd, 2010

In my last blogpost titled “Why Free? Why Now?” I provided some background on the impetus and the reasoning behind LoopFuse’s move to provide a free marketing automation offering. It has been only three weeks since our launch of FreeView, but the response has already been overwhelming. One of the most interesting changes that comes with a move into a freemium model is the shape of the funnel. Over the past several years I’ve studied the funnels of dozens of companies and I’ve noticed that those companies based on freemium models (including opensource) show some very distinctive and interesting patterns.

The Mouth of the Funnel

The first distinctive feature of a freemium-based funnel is obviously that the funnel’s mouth becomes extremely large. Providing anything of significant value for free will attract a large number of people. The number of people attracted is directly related to the amount of value provided for free and inversely related to the “friction” in obtaining that value. For example, when Ben and Jerry’s offers a free ice-cream cone a line will form. But as the line grows the “friction” to obtain the free ice-cream becomes a disincentive for people who realize that waiting an hour in line for a $3 cone may not be worth the effort. However, if the free item were an iPhone instead of an ice-cream cone then the length of the line would naturally extend much farther as people weighed the value of their time against the inconvenience.


Freemium companies must not only ensure that their free offering provides significant value, but also that the “friction” required to obtain that value is minimized. For example what information must the prospect divulge about him/herself and/or his/her organization to access the free offering? What setup and configuration tasks must be completed? How aggressive is the push to migrate from the free offering to the paid upgrade? The value of the free offering minus the total friction required to obtain that value will directly drive the relative size of the earliest stages of the funnel.   Of course, in order for people to consider a free offering they must be aware of it. While word-of-mouth is a key component of the freemium marketing strategy, there is still a very important role for traditional marketing to drive awareness.

Behavior-Driven Funnel Definition

The second distinctive feature of a freemium-based funnel is the segmentation of the funnel based on behavior. Traditionally the progression of a lead through the segments of the funnel has been based on external indicators such as registration, download of collateral, participation in webinars, product trial download, contacting sales for assistance, etc.  However, due to the volume of leads being managed inside the funnel, a freemium model must provide a hyper-efficient means of measuring the progression of a lead towards purchase and must maintain a level of accuracy in that measurement to ensure that we are not overwhelming the sales team with unqualified leads. Therefore, the segments of the funnel may need to become more specialized based on data being collected directly from the usage statistics of the free offering. For example, in our own funnel, LoopFuse knows exactly how many users, leads, forms, lists, nurturing programs, reports, and campaigns are in use by every single FreeView user. These statistics are key criteria for the promotion of a lead inside of our own funnel segments. This type of integration is usually much easier with SaaS freemium models than with pure opensource models because the usage statistics are more readily available.

The Patient Sales Model

The third distinctive feature of a freemium-based funnel is the lack of momentum in the early stages of the funnel. In a former life I worked at an opensource company and we used to discuss the concept of the “patient sales model”. The concept was based on our observations that it often took YEARS before a free user was ready to purchase a premium upgrade. A user would download the software, become familiar with it’s capabilities and limitations, and it would become part of his/her default toolkit. At some point in the future he/she would pull out that software and would run into a limitation that could only be overcome by upgrading into a premium version. At this point the value proposition is clear to the purchaser, the friction of adoption is zero, and the prospect is usually ready to pay for the value they are receiving. However, there is no magic formula that will predict when this circumstance will present itself. Freemium models front-load the funnel with lots of users on the basis that eventually they will run into this situation.  Also, traditional metrics such as days-to-close can become misleading in freemium models unless you start the clock at the point of opportunity creation rather than lead creation.

While the LoopFuse freemium offering (FreeView) is only a few weeks old, we can already see the momentum impact at the front of the funnel. We have already revised our internal funnel segmentation to better utilize the FreeView behavioral data to more accurately identify those prospects who are gaining the most value and are therefore more likely to pay. I am fascinated by the funnels of freemium and opensource companies and look forward to watching the evolution of our own funnel and the subtle patterns and idiosynchrasies we identify along the way. For a great in depth article on the “Fundamentals of a Volume Market Engine” I highly recommend reading Fred Holahan’s article on OpenSource Business Resource.

Welcome Cindy Ryan, Director of Marketing

Tuesday, July 20th, 2010

I would like to welcome Cindy Ryan to the Loopfuse team.  Cindy joins us as Director of Marketing at a time of rapid growth for our company especially with the recent launch of Loopfuse Freeview, the first and only freemium marketing automation offering.  Without question, Cindy’s marketing experience and Loopfuse knowledge will be a huge asset both internally and externally.  Specifically, Cindy led and executed marketing campaigns for JBoss (acquired by Redhat), a highly successful open source software company and where she worked with our founders, and led daily marketing operations for Joe McGonnell at Openspan using Loopfuse OneView.  As a Loopfuse user, Cindy will be invaluable not only to Loopfuse internally but also to our prospects and customers by sharing her Loopfuse OneView experience to help them make marketing profitable within their own organizations.  So if you are a Loopfuse prospect or customer, please expect to hear from Cindy on how she uses Loopfuse to drive opportunities and ultimately revenue.

Cindy, on behalf of the Loopfuse community, we’re glad you joined us to help transform the marketing automation industry.

Are you ready to lead?

Monday, July 19th, 2010

The face of marketing is changing.  Techniques and approaches that worked as recently as 18 months ago will fall by the way side within the next 18.  I’ll paraphrase Gretzky here; the goal is to not be where the ball is, but where it’s GOING TO BE.  To take advantage of the emerging opportunity you need to start preparing today.

While there will be other components to the messaging mix, the most important ones, that I call the Big 6, are going to be key.  Review the following list.

Are you ready, or do you need to get to work?

1.  Website
- Optimizing page structure and wording for SEO
- Setting up tailored landing pages for cross channel campaigns
- Hosting webinars and other rich media destination content

2. Email
- Eliminating acquired list mailings
- Growing list of 1st party opt-ins
- Using for retention campaigns

3. Search
- Building a link back network
- Optimizing all forms of content for specific keywords
- Exploring emergent search engines like Facebook

4. Display
- Incorporating as part of a broader cross channel campaign
- Utilizing highly targeted, verticalized networks
- Tracking all of your referral sources

5. Content Syndication
- Developing content specifically for off-site deployment
- Establishing outlets on YouTube, SlideShare, Scribd, etc.
- Using simple syndication through RSS, Feedburner, etc.

6. Social Engagement
- Targeting specific communities to penetrate
- Actively commenting and publicizing others content
- Growing followings and connections

If you can put a check next to all of these you are in pretty good shape.  You have a strong foundation to work from and are ready to start innovating!

The Value in Free Marketing Automation

Tuesday, July 6th, 2010

End the Status Quo in Marketing Automation

Last week marked a dramatic turning-point for us at LoopFuse and the general Marketing Automation sector, with the unveiling of our Free Marketing Automation offering, FreeView. The release of FreeView and a new low-cost, zero-risk pricing model, marks an almost year’s-worth of work in  planning and infrastructure investment geared to accelerate the adoption of Marketing Automation.

The Value to Marketers

While most in the industry often reference a Forrester report claiming 5% penetration in the Marketing Automation sector, the unusual thing is that no one seems to wonder (publicly) why the rate of growth isn’t much higher given the value Marketing Automation provides.

So allow me to rain on the price-gouging parade. Many of our competitors would have you convinced that Marketing Automation is reserved for marketers with million-dollar budgets, dedicated staff to manage the tools, and a bus-load of expensive professional services representatives to “help” them manage it. “Oh, marketing automation is much too complex for you mere mortal marketers…”, the million-dollar-quota sales-rep claims. In many ways, our competitors are distorting the market by projecting their own enterprise-sales commission structure on to you. The model works for them, at the cost of the consumer (your arm, and your leg). In a market with single-digit penetration, and many competitors continuing to follow Eloqua in to the realm of pricing-out the masses, it is evident that many marketers are simply priced-out of the market. And so now the high price barrier to entry for marketers wanting to adopt marketing automation is lowered to ZERO.

The benefits to marketers under this innovative model are clear:

  • Zero-Risk: Sign-up and use a full-featured marketing automation product for FREE. Forever.
  • Easy-to-Use: A complete wizard-based user-interface will have you up-and-running in minutes, identifying high-quality leads, sending email campaigns, and tracking lead conversion rates.
  • Help at your fingertips: Our comprehensive knowledge base and community site is backed by LoopFuse support staff and community members exchanging ideas and best-practice advice.

The value in “free, forever” to marketers is clear with a zero-risk, easy-to-use, supported, and proven product.

The Value to Partners

As individual marketers benefit from a free offering, so do our Partners. The benefits are actually much more clear to partners, as they are now able to fully-implement a customer for FREE and not have to worry about the product vendor affecting their pricing structure. To a Partner, the relationship becomes pure-profit, and not revenue-sharing, as our competitors would enforce.

Last week, the status-quo of distorting the market with overpriced products ended. Marketing Automation is now open to any and every marketer, to use it for Free Forever. No strings attached, no bait and switch, no credit cards required. Just Sign-up and you’re ready to go in minutes.

Thoughts on the announcement, by others:

LoopFuse OneView 3.26 Released!

Monday, June 21st, 2010

Enhancements in this Release:

The Company Fuse Bar

The Company Dashboard now sports a nifty new feature, we’ve labeled the “Company Fuse Bar”. The Company Fuse Bar is meant to serve as a visual indicator of how your marketing efforts have penetrated a specific company. The key set of metrics used are WebPage visits, Email Campaign opens and clicks, CRM Leads and/or Contacts created, and Lead Capture forms submitted.

Company Dashboard Enhancements

Several new enhancements were made to the Company Dashboard, but aside from a general face-lift, you can now view all marketing touchpoints for a specific company: From Lead Capture Forms submitted to Email Marketing Campaigns opened and clicked…

Current users will see a new set of tabs along the top of the Company Dashboard page. Each of these tabs displays content and charts that focus on a specific set of marketing events or touchpoints your organization has had with a specific company.  Read the Documentation

CRM Lead and Contact Reports with GeoIP

Two new reports were added that enrich the Reports Manager experience. These new reports display daily view of all Leads and/or Contacts created within the CRM. Additionally, we have added GeoIP information to these (and many other) reports.

Special thanks to our customers for submitting these and other feature requests via the LoopFuse Community!