How to evaluate Marketing Automation Platforms

Michael Tucker

The right tool to use in your Marketing Automation strategy depends on many different factors, not all of which are listed in the company's marketing materials.

“You don’t go to the hardware store to buy a shovel, you go because you need to dig a hole.” Is how Michael Berger, then VP of Product Marketing at Marketo told us back in 2015.


Deploying Marketing Automation software is much more complicated than just digging a hole, but the analogy still fits. What is the business problem that you are trying to solve relative to your marketing and which product helps you meet those needs in the most efficient manner?


Once you identify the switching costs to move to Marketo are justified, the next step is to plan for the migration. In a 2020 Marketo User Group we talked with 4 Marketing Leaders about their migration strategy towards moving to a new Marketing Automation platform. Watch the Marketo Migration panel discussion. While it’s easy to look at the feature sets and the list price on the software itself, there are additional factors to consider when evaluating a marketing automation plan. Here are some additional factors to consider into the equation:


  • What is the Total Cost of Ownership (TCO) including labor costs, optional features, or training for your internal team?
  • What other tools are connected to Marketing Automation in your entire technology stack such as your CRM? How will the new system change the data those systems receive?
  • What is the breakeven point for the existing marketing automation platform versus the new system?
  • What is the incremental value of the improvements created by adopting the new marketing automation platform? 

Slides

Add your custom HTML here

Subscribe to our Blog

Read the latest updates and insights about how to make the most of your marketing technology to meet your business and revenue goals.

By Michael Tucker 07 May, 2024
Shifts in marketing technology vendors like Adobe moving towards large scale enterprises with proprietary cloud technology means big trouble for the middle market executive. Here are 3 trends with cloud vendors that hurt mid-size marketing departments and the steps you can take to help future proof your marketing tech stack.
By Michael Tucker 24 Apr, 2024
With controversy and a potential lawsuit between 6Sense and RB2B the competition over your overall intent data solution has never been hotter. But with economic turbulence in the forecast, how should you respond to escalating competition in your industry?
Share by: