#PardotProTips using Salesforce and Pardot

Your prospects don’t just come to your website and click buy. The modern customer journey involves a lot of research before the first contact, multiple marketing touches and several interactions with sales. This is even more true for complex products which have longer buying cycles and usually involve multiple decision makers.

Which campaign will receive credit when multiple marketing campaigns touch the same prospect resulting in an opportunity creation?

You want to measure how your marketing initiatives are tied to business results. However this is not a straightforward process. There are more ways to credit marketing activities which impact sales and there are a couple methodologies which you can use.

Marketing is not just money down the drain. Marketers have a real impact on the organization’s bottom line. You just need to use these attribution models to prove it. You also need a marketing automation platform like Pardot to track everything. This blog post will walk you through those examples and how you can use Salesforce to measure that.

Data-driven marketers should continue to ask the following questions:

  • In which marketing campaigns should I continue to invest?
  • Which marketing campaigns should I abandon or what should I change?
  • Which campaign helped you acquire new prospects?
  • What is the cost per new name for each type of campaign?
  • Which campaigns influenced the most Opportunities, pipeline and revenue?
  • How much pipeline credit is last quarter’s webinar getting?

Definitions

Understand the following concepts is crucial when measuring marketing’s impact on sales.

  • Pipeline Credit – When sales opens an Opportunity in Salesforce
  • Revenue Credit – When sales successfully closes an Opportunity in Salesforce
  • Attribution – Method of crediting Opportunity value to one or many marketing activities

Salesforce Campaigns

are essential in tracking all your marketing activities and touch points. They can have both Leads and Contacts as members. You can categorize your marketing activities, measure the success of each activity and tie them into Opportunities.

Pardot

In Salesforce Pardot you can use Pardot Completion Actions for emails and forms to change the Salesforce Campaign member status of your Leads and Contact prospects. This will indicate they successfully performed your call to action in your marketing campaign.

Example

Date Department Activity Campaign Cost
January 2016 Marketing Prospects Registers for Webinar Campaign WBN 2016 Learn About Us $3000
February 2016 Marketing Prospect Performs the Call to Action in Email Blast EB 2016 Infographic $1000
March 2016 Sales Opportunity is Created for $100,000
April 2016 Marketing Prospects Downloads Whitepaper from the Website WC 2016 Advance Tech Specs $5000
May 2016 Sales Opportunity is Closed Won for $80,000

In Salesforce it will look something like this:

Campaign View

Salesforce_Campaign_View

Opportunity Stage History

Salesforce_Opportunity_Stage_History

Opportunity Campaign Influence

Salesforce_Opportunity_Campaign_Influence

First- Touch (FT) Attribution

Simply means giving credit to the campaign that acquires a prospect.

Pipeline Credit

Which campaign should receive Pipeline Credit for that opportunity? The initial campaign will receive 100% Pipeline Credit for that Opportunity, simply because the opportunity was created.

Campaign Cost Pipeline Credit
WBN 2016 Learn About Us $3000 $100,000

Revenue Credit

Which campaign should receive Revenue Credit for that opportunity? The campaign that acquired the prospect gets 100% of the Revenue Credit if that opportunity closes.

Campaign Cost Revenue Credit
WBN 2016 Learn About Us $3000 $80,000

Your Pardot Campaign Report is a good place to monitor FT attributions:

Salesforce_Pardot_Campaign_Reporting

Multi-Touch (MT) Attribution

Simply means giving credit across all campaigns evenly when a prospects achieves success in multiple campaigns. The prospect must achieve a successful responded campaign status for all the marketing activities they participated in.

Pipeline Credit

Which campaign should receive Pipeline Credit when multiple campaigns touch the same prospects resulting in an opportunity? Only the January Webinar and February Email Blast will split the credit because they occurred before the opportunity was created. The Web Content campaign does not receive any credit because it happened after the opportunity was opened.

Campaign Cost Pipeline Credit
WBN 2016 Learn About Us $3000 $50,000
EB 2016 Infographic $1000 $50,000

Revenue Credit

Which campaigns should receive Revenue Credit when multiple campaigns touch the same prospects resulting in an opportunity? The revenue credit is split among the January Webinar, February Email Blast and April Whitepaper Download.

Campaign Cost Revenue Credit
WBN 2016 Learn About Us $3000 $33,333
EB 2016 Infographic $1000 $33,333
WC 2016 Advance Tech Specs $5000 $33,333

Summary Comparison

You shouldn’t have to decide on which method to use. You can’t always use one or the other. Both methodologies are very beneficial and you must be comfortable with the differences between them so you can make sound decisions when allocating your marketing dollars.

First-Touch (FT) Multi-Touch (MT)
Pardot Campaign or the initial Salesforce Campaign determines marketing influence. Responded Status in multiple Salesforce Campaigns determines marketing influence
Salesforce Campaign Responded status is not required Salesforce Campaign Responded status is required

What are some of the ways you measure your marketing return on investment (ROI) using Salesforce? I love bringing together both marketing and sales executive to discuss measuring marketing’s impact on the sales pipeline. Let me know what you think in the comments below or email me at CRMexpert@Macromator.com if you are looking for advance marketing tracking in Salesforce.

Dan Radu is a Certified Pardot Consultant who helps companies get better results from their Pardot marketing automation system. His passion for better B2B sales and marketing is the core foundation for the consulting practice.

Dan Radu, Certified Pardot Consultant on Macromator.