Our fiscal year end is almost here, and our Eloqua implementation is just over a year old. The good news is that we went from a pre-Eloqua response rate of .5 – 1% and hit 8% on a regular basis and have settled around a 4% average for all of our regions!

I expected to hit 2% at best. Is it the technology or have the people changed because of the technology. I would say it’s a little of both. Technology empowers training, and because Eloqua is a shared system, all of our marketers can learn about the results of other regions. They then take that program and apply it for their region.

Another good outcome is that many regions work together to develop a program and they naturally migrate to the most successful programs. With the implementation of Eloqua we did mandate specific standards to limit the variables that might effect response rates. This has proven to be useful, because we’ve narrowed the variables to the list and the offer. Rarely is the creative the issue as we develop the creative templates centrally. So when we see consistently low response rates from a region we know to first examine the list, the offer and it’s relevance to the audience.

Lessons learned:

  1. Limit variables.
  2. Standardize.
  3. Track and report results to the nation (we provide a monthly report to senior management and marketing directors so they learn from eachother).
  4. Recognize excellence – we’ve developed a 6 month and year end recognition awards program for the best campaigns. On a monthly basis we recognize marketers with strong results and review why others failed.
  5. Train, train, train on best practices.
  6. Set goals.
  7. We require a training and taking a test to earn “Power User” designation. This helps add stature to the program.

At the end of the day, I would say that what has changed the most is the people that are using Eloqua. I would feel pretty comfortable that the “power users” could move to direct mail and would apply the best practices, that apply, that they learned from using Eloqua and being part of the whole program.

3 thoughts on “Eloqua Response Rate Surpasses First Year Goal

  1. Pingback: Tweets that mention Eloqua Response Rate Surpasses First Year Goal [Great tips for marketers on lessons learned] -- Topsy.com

  2. Changing the people is key and one of the most difficult things to do in any organization. Your plan, execution and results speak for themselves. When we help clients get the most out of their marketing automation platform or when selecting one, starting simple and with the goal in mind can be tougher said than done.
    Thanks for sharing as it will benefit us all.

    I have a question for all in Financial Services:
    How important is SAS70 certification when selecting an agency or platform?

    We are about to complete certification.

    Rubicon Marketing Group

    • SAS70 is less important in regards to marketing automation unless you are keeping consumer data in your database. Our firm offers SAS 70 hosting, but we don’t apply it to our Salesforce.com data loads as it is mostly B2B. I could see down the road as we integrate more client data into the system, we apply it.

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