Marketo Linkedin Case Study
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Marketo, a leader in demand generation products and services, transitioned from 100% inbound to combined outbound/inbound sales with aggressive goals. They used LinkedIn Sales Navigator to build connections, gain prospect insights, shorten sales cycles, and exceed their goals. Sales Navigator provided accurate data and seamless Salesforce integration. Marketo's outbound sales revenue contribution quadrupled in one year, and they found over a dozen deals influenced by Sales Navigator.
Marketo Linkedin Case Study
- 1. Sales Navigator Marketo Case Study More insights—and more precise targeting—drive explosive outbound sales growth “ Our aggressive outbound sales goals required a powerful tool. LinkedIn’s Sales Navigator, with the Challenge most accurate data and seamless integration, • Transitionfrom 100% inbound sales to combined helped us exceed our goals—farther and faster.” outbound/inbound sales with aggressive goals • Seamlessly integrate with existing investment in Patrick Donnelly, VP of SMB Sales, Salesforce.com Marketo Solution • LinkedIn Sales Navigator account, including: • Lead Builder When one of the fastest growing companies in Silicon Valley • Team Link wanted to integrate a new outbound sales program with its • InMail successful inbound efforts, they knew they would need the • Profile Organizer right tools to reach their aggressive goals. Marketo – whose • Premium Search Filters business focuses on demand generation products and services for marketing and sales professionals – turned to LinkedIn’s Why LinkedIn? Sales Navigator to build connections, gain insights on prospects, shorten the sales cycle and, ultimately, to grow • Access to a worldwide network of 150 million (and their business. growing) professional members • Integration with existing CRM investment • Trusted, authentic and current profile data Maximizing impact for impressive ROI • Tools for prioritizing, managing and maximizing lead Early on, 100% of Marketo’s sales team was already using development LinkedIn’s standard, no-cost functionality in their individual sales efforts, and several team members were even paying for premium subscription services out of their own pockets. When Results the company began searching for the most accurate data for • Quadrupled outbound sales prospecting and overall sales effectiveness, it made sense to • Increase in win rates leverage employees’ previous experience with LinkedIn.
- 2. The result? According to Patrick Donnelly, VP of SMB Sales Donnelly went on to explain how Team Link and LinkedIn’s rich for Marketo, his company’s outbound sales’ revenue profile data speeds up the sales process. “In the past, there contribution quadrupled from 2011 to the first quarter of was a lot more time needed to do research, hunt down 2012, by engaging fully with LinkedIn Sales Navigator. He prospects or simply trying to get through the receptionist to added, “I can point to over a dozen deals that were either get to decision-makers. Now we know exactly who the people created or positively influenced by our use of LinkedIn are in the positions and areas that we want to reach. We cut Sales Navigator”. out some of the guessing game, saving valuable time.” Reaching decision-makers Knowledge helps level the playing field With Sales Navigator, LinkedIn profiles work even harder. Members of Marketo’s sales team have seen that knowledge – Because LinkedIn members self-author their profile the rich data gleaned from profile information leveraging information, sales reps can trust that it’s accurate and up to relationships – levels the playing field. In today’s social media date. This is crucial, explains Donnelly. “The profile environment, prospects and potential customers have access information on LinkedIn is accurate as of today. That’s to vast amounts of information about companies, products invaluable.” And better profile data means more and services. “They know so much about us even before we connections. In fact, a LinkedIn Charter Customer Survey engage with them,” said Donnelly. “LinkedIn lets us know as showed that 87% of sales reps found more information much about our prospects as they know about us. It levels the about people or companies using Sales Navigator that playing field and starts our relationship in a much better, more they would have found otherwise.1 This difference was productive place.” crucial for Marketo. “Based on the profile information we see on LinkedIn, we can see who really ‘owns’ the different areas within a business. This allows us to target our efforts Perfect integration with existing CRM investment much more precisely and reach just the right person,” Marketo’s sales team manages all aspects of its activities in said Donnelly. Salesforce.com’s sophisticated CRM environment. “We live in Salesforce…everything we do takes place in Salesforce. So having easy access to all the profile information from LinkedIn, The power of InMail plus added functionality such as InMail and the ability to see Sales Navigator includes access to LinkedIn InMail, the connections, is critical,” Donnelly said. “And the process of powerful contact tool that lets you send messages to integrating LinkedIn with our existing processes and decision makers, even if they’re not in your network. technology could not have been easier,” he continued. “A Combined with rich profile data and a 360° view of every couple of clicks and it was done. Simple.” prospect’s connections, InMail became one of Marketo’s go-to solutions in reaching out to leads. “InMails definitely LinkedIn’s Sales Navigator gives companies like Marketo the have a higher hit rate and perform much better than regular insights and the tools they need to leverage social media, email,” said Donnelly. “Combining InMail with the wealth of build connections and, ultimately, maximize sales efforts. information in member profiles has been extremely productive for us.” Visit www.linkedin.com/sales to learn more about how Sales Navigator can help your team meet your sales goals. Visibility into relationships across the company Marketo’s sales team takes advantage of Sales Navigator’s Team Link to get a complete picture of relationships with a prospect company. Donnelly explained, “At Marketo, we do a About Marketo lot of multi-threading, and are very keen on having multiple Marketo, a global leader in Revenue Performance contacts and multiple relationships with a company. Team Link Management, provides marketing automation and sales allows us to see those relationships and really get a good effectiveness solutions to more than 1,200 enterprise grasp of the bigger picture. This saves a lot of time and and mid-market clients, and has been recognized by energy as opposed to some of the usual tactics that can be CRM Magazine as the “2011 CRM Market Leaders necessary to get a foot in the door.” Team Link from LinkedIn Awards Winner for Marketing Solutions,” and the 2010 allows Marketo’s sales reps and managers to automatically CODiE award for “Best Marketing Solution,” among see who on their sales team is a first-degree connection with other accolades. prospects, leveraging existing relationships organically— and successfully. 1 LinkedIn Charter Customer Survey, November 2011 Copyright © 2012 LinkedIn Corporation. LinkedIn, the LinkedIn logo, and InMail are registered trademarks of LinkedIn Corporation in the United States and/or other countries. All other brands and names are the property of their respective owners. All rights reserved. 10-LCS-071-G 0512