Maximizing ROI with Marketo’s Predictive Content: Strategies for B2B Digital Transformation
Marketo is a robust marketing automation platform, instrumental in facilitating personalized, predictive content. Its use of predictive analytics (and content) employs AI-driven insights to predict audience behavior and preferences, delivering targeted content.
This approach is revolutionizing B2B marketing, driving higher engagement, boosting conversions, and providing a more personalized customer journey, enhancing overall marketing strategies.
What exactly is Predictive Content? And how does Marketo enable these new tools at the forefront of B2B digital transformation?
Read on to find out more.
Predictive Analytics: The Future of Content and Marketing
Predictive content is linked to technology-driven predictive analytics that, as the name suggests, predicts future events. It leverages techniques like data mining, modeling, machine learning, statistics, and artificial intelligence to analyze current data and extract meaningful insights. By deciphering intelligence from past patterns, interactions, and correlations in both structured and unstructured data, it forecasts future risks, opportunities, and outcomes. The content generated on this model is predictive content.
Customizing Content Based on Predictive Segmentation
Predictive Content is the new radical approach in today’s B2B marketing world that aims to eliminate human intuition and manual data analysis in defining segments and establishing targeting rules. By utilizing predictive segmentation, also known as "data-driven" or "AI-based" segmentation, it results from using machine learning to define segments, based on your goals and what you want to achieve.
Three primary methods used in developing such content are:
- Clustering: Clustering algorithms, an unsupervised machine-learning method, can help identify and comprehend various user personas or segments based on shared attributes. While this technique is primarily exploratory and doesn't provide ROI or predict responses to diverse experiences, it is an effective initial step for data-driven personalization.
- Classification: Machine learning comprises supervised and unsupervised types, with classification algorithms falling under supervised learning. These use a dataset's "features" (e.g., device type, pages visited, company size) to predict outcomes (like conversions, revenue, or LTV), using various algorithms like linear or logistic regressions, random forests, and neural networks. Employing this method requires a skilled analyst to correctly fit your data into a model, or alternatively, tools like Squark or DataRobot can be used.
- Experimentation + Predictive Segmentation: Identifying profitable user segments can be achieved through controlled experiments and tools that highlight promising segments. For example, Conductrics offers an interpretable decision tree showing conversion probabilities for individual segments per variant tested. Tools visually showing targeting rules, estimated ROI, and success probability are particularly useful. This method provides not only the probability of success, but also the discretion to target a segment based on its value.
Predictive segmentation is the first step in generating predictive content to target audiences based on their past behavior and their forecasted needs for the future.
How is the efficacy of this method measured and analyzed to generate further fine-tuned predictive content?
The next section has some answers.
Measuring and Analyzing Predictive Content Performance
Initiating a predictive analytics project involves clear goal-setting and aligning these with key performance indicators (KPIs) to align the project with business objectives.
Important metrics include precision, accuracy, recall, ROI, customer satisfaction, and employee engagement.
Testing and validating the predictive model before deployment ensures reliability and validity. This can be done through data segmentation, cross-validation techniques, performance assessment on different data subsets, and stakeholder feedback.
After deployment, it's crucial to consistently monitor and improve the model, fix errors, and update with new data as needed. Regular reviews and audits of the model's quality and value are beneficial, and sharing results with stakeholders and end-users is also important.
Case Study: TechConnect and Marketo's Predictive Content
TechConnect, a global software company, had long been recognized for its superior products. However, they faced a significant challenge: their diverse range of software solutions catered to various industries and sectors, making it challenging to reach their equally diverse customer base with the right content at the right time.
Their marketing team had a clear goal: optimize the buyer journey, increase customer engagement, and drive conversions. However, their previous content marketing strategy – which involved manually segmenting audiences and sending generalized content – was not yielding the desired results.
After analyzing their situation, TechConnect decided to leverage the power of predictive content in Marketo to deliver more personalized and impactful content to their prospects and customers.
Implementation and Strategy
TechConnect started by defining its goals, which were to increase customer engagement, boost conversions, and reduce the sales cycle length. They then integrated Marketo's predictive content tool with their CRM and existing marketing technologies, ensuring a seamless data flow.
The company's marketing team set about tagging existing content assets in Marketo based on industry, product, and buyer's stage. The predictive content tool analyzed visitor behavior, including the pages they visited, the downloads they made, and the emails they opened. It also considered demographic details from the CRM. Using machine learning, the tool predicted which content was most relevant to each visitor and delivered it accordingly, whether via the website, email campaigns, or other digital channels.
Results and Impact
The results of TechConnect's predictive content strategy were impressive:
- Increased Engagement: By delivering tailored content, TechConnect saw a significant increase in customer engagement. Their email click-through rate increased by 30%, and the bounce rate on their website reduced by 20%.
- Improved Conversion Rates: With personalized content that addressed each buyer's unique needs, TechConnect increased its conversion rates by 15%.
- Reduced Sales Cycle: Personalized and predictive content also meant that potential buyers found what they needed faster, reducing the sales cycle length by 25%.
- Efficiency: Automating the delivery of personalized content saved the marketing team countless hours previously spent on manual segmentation and selection.
This case study highlights how predictive content in Marketo can truly transform a company's marketing strategy. TechConnect's experience demonstrates the potential for predictive content to increase engagement, improve conversions, and optimize the buyer's journey, especially in a B2B context. It's a testament to the power of personalization and the role that data-driven strategies can play in driving business growth.
Step-by-step Guide to Installing Predictive Content in Marketo
You will find these Predictive Content features in Marketo:
- Predictive Content Summary
The Predictive Content Summary provides a quick overview of your predictive content, featuring tables, graphs, and the latest statistics.
This area displays the current count of content and views, and the quantity of activated pieces. You can choose to see data from the past 7 or 30 days for the whole page in the top right corner.
This section lets you view your top 10 discovered content pieces, their views, direct leads, and conversion rates.
Here, you can assess your conversion rate by juxtaposing total clicks with direct leads, and contrast the performance of various sources.
Content Trend by Views
Compare how your views of all content match up with your predictive content.
You can also check out the top categories of most engaging content in a graph.
- Define a Smart List for Predictive Content Activities
Predictive content activities can be employed in triggers and filters while setting up a smart list in a smart campaign. An action can be triggered for any user who interacts with predictive content through the Rich Media template, the Content Recommendation Bar, or in an email.
- Go to the Smart List tab within your smart campaign.
- Look for the trigger, then drag and drop it into the canvas area.
- From the Name drop-down menu, choose an operator.
- Establish the trigger.
- Incorporate the Type constraint.
- Choose the required source for your smart list.
- If you're utilizing the email source for your predictive content, include the Clicks Link in Email trigger. Pick your email and apply the Is Predictive constraint, set as true.
- Introduce any other necessary filters.
- Predictive Content Analytics Overview
Leverage content analytics to delve deeper into your current content, understand (based on AI and Predictive algorithms) what content resonates with your audience, and amplify the ROI of your marketing initiatives.
On the Summary page, select Analytics.
Analytics encompasses several sections: Top Content by Views, Top Content by Conversion Rate, Trending Content, Suggested Content, and Content.
Hover your cursor over the question mark in any section header for more information.
Press the export button to download the results of that section into an Excel file.
You can filter results by different characteristics (like ABM Account List, Country, etc.).
Use the calendar icon to modify the dates for the displayed data. Select a fixed time span or a specific date range.
Top Content by Views
This shows the most viewed content pieces for the selected date range.
Top Content by Conversion Rate
This highlights the highest converting content by conversion rate for the chosen date range.
This section indicates the surge in popularity of a content piece by comparing the rise in views in the last two weeks to the same preceding period.
This displays content we recommend for promotion in your Marketing Activities based on your specified filter. Hover over an image in Suggested Content to view available options.
Enabling Predictive Content
It's advised to activate more than five pieces of content per category and source (email, rich media, bar) before testing and implementing Predictive Content. Greater content availability leads to more accurate predictions.
- Enable Predictive Content for Web Rich Media
Predictive content uses machine learning and predictive analytics to offer the most pertinent content to your website visitors. By employing Web Rich Media, you can enrich your content with textual descriptions and images, and integrate several predictive content suggestions on your site.
After preparing the content title, description, and image for Rich Media, you can activate individual or multiple pieces of content.
- To activate a single title, click on a title to bring up the editor. Click on Rich Media, then tick the box for Enabled for Predictive Content in Rich Media and click Save.
- To activate multiple pieces of content, go to the Predictive Content page and check the boxes next to the title(s).
- Click the Content Actions drop-down and select Enable for Web Rich Media.
Template1: Three horizontally arranged content pieces with images, header, and description
Template2: Three vertically arranged content pieces with images, header, and description
- Enable Predictive Content in Emails
Personalize your emails by making one or more images predictive, thereby customizing the experience for each recipient.
Incorporating Predictive Content with the Email 2.0 Editor
- Select Marketing Activities.
- Choose your email and hit Edit Draft.
- Click the image you wish to make predictive. When the gear icon pops up, click it and select Enable ContentAI (ContentAI was the old name for Predictive Content).
- To pick one or more categories, hit the Categories drop-down, make your selection(s), and click Apply.
- Your image is now predictive. Repeat steps 3 and 4 for additional images (if needed).
- To see a preview of your email, click Preview in the top-right corner.
- To view alternative potential images, click Refresh.
- Once you've finished previewing your email, hit the Preview Actions drop-down and select Approve and Close. If you still need to edit, click Edit Draft on the right.
After approving your email, it will be outfitted with Predictive Content and ready to dispatch!
Incorporating Predictive Content Without Using the Email 2.0 Editor
If you're not utilizing an Email 2.0 template, add Predictive Content to your email by marking an image in your template as a Marketo editable image element.
- Enable the Content Recommendation Bar
The Content Recommendation Engine employs predictive analytics and machine learning algorithms to offer each web visitor tailored content. The engine forecasts the best-performing content for each visitor. Content for this engine is supervised and managed from the Recommendations page, assisting you in maximizing your content ROI.
Activating and Personalizing the Content Recommendation Bar
- Navigate to Content Settings.
- Select Bar.
- To activate the Recommendation Bar for a URL, just click On and then Save.
- To personalize a URL, choose colors, style, format, arrows for the recommendation bar, and pages to either include or exclude the bar. Adjust it to match your website's branding. Click Save.
Things to Consider for the Recommendation Bar
The Recommendation engine requires at least one piece of content set to 'On' on the Recommendations page to function properly. If no content is activated and the Bar is switched 'On', the Arrow effect will be visible on the bottom right of the webpage, but no suggested content will show.
More content processed through the recommendation engine enhances the algorithm's ability to test and determine the most effective content. We suggest you start with 10 to 20 active content pieces and continue adding new ones.
Working with Predictive Content
- Understanding Predictive Content
Once you've given approval for a title to be used for predictive content, you manage it on the Predictive Content page. This page showcases all the titles that have been given the green light for predictive content use.
Fields on the page include:
Image and Title: The selected image and the content piece's title
Enabled by Source: Indicates whether the title is approved for Rich Media, email, or the Recommendation Bar.
Categories: These are created by you and are used to group your predictive results for web or email.
Clicks: The total number of clicks on recommended content across all sources.
Conversion Rate: This percentage is obtained by dividing direct conversions by clicks. Hover over to see additional data (see below).
Assisted Conversion: These are visitors who clicked on recommended content in a previous visit and filled out a form later.
Content can be filtered by the categories you've set up. Click on the filter icon and under Category, choose one or more content categories.
Filter by each kind of enabled content: Email, Rich Media, Recommendation Bar.
Analytics by Source
Filtering the analytics of enabled content lets you see the performance of each source.
Display Analytics by Date
Select the start and end dates on the right. Click Apply.
Examine Table Data for Predictive Content
Within the table, you can observe which sources are activated for predictive content, from left to right: Recommendation Bar, email, and Rich Media. Enabled sources are highlighted in green. These are activated when you modify the content.
Place your cursor over the bar in the Conversion Rate column to see the conversion rate, direct conversion, and clicked data.
- Edit Predictive Content for Emails
Here's how you can prepare your predictive content for emails.
- Click on a title on the Predictive Content page to open the editor.
- The edit page will appear with Email displayed by default.
- You can add or modify the button label by typing in the text box next to it.
- Click on Edit Image to add or modify the image URL.
- Add the image URL and click on Add.
- Use the slider to alter the image size. Then, move the cropping box to select the area of the image you want to use. Click on Preview when you're done.
- Use the arrows on the sides to scroll and see your content in each of the email layout previews (two options will be displayed).
- You can also add categories to the content by clicking on the Categories field. You can select from the categories you've previously created.
- Tick the box to enable Predictive Content in Email.
- Click on Save.
- Edit Predictive Content for Web Rich Media
Here's the process to configure your predictive content for Rich Media.
- Navigate to the Predictive Content page and select a title to launch the editor.
- Choose Rich Media.
- Observe that you can use different images for Email and Rich Media. To change or add an image, enter the image URL into its corresponding text box.
- Write a Description.
- Optionally, click the Categories box to select or add categories you've previously established.
- Mark the checkbox to activate Predictive Content in Rich Media.
- Finally, click Save.
- Edit Predictive Content for Recommendation Bar
Here's a guide to preparing your predictive content for the Recommendation Bar.
- Go to the Predictive Content page and choose a title, this will open the editor.
- Select Bar.
- Mark the checkbox to activate Predictive Content within the Recommendation Bar.
- Click on Save.
Predictive content in Marketo is using artificial intelligence (AI) to predict the most appropriate content to serve a specific visitor based on their behavior, demographic details, and other related data points. The tool uses machine learning algorithms to analyze these data sets and deliver personalized content, thereby increasing the chances of engagement, conversion, and ultimately customer retention. Leveraging advanced tools and innovative strategies can propel your business to new heights.
Growth Natives is here to help you implement and unleash the power of predictive content in Marketo for your business. Email us at firstname.lastname@example.org or call +1 855-693-4769 and watch how much more you can learn about your customers and their needs.