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How can RevOps make marketing more measurable?

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January 7, 2024||
How can RevOps make marketing more measurable?

Answer

How can RevOps make marketing more measurable?

Revenue Operations (RevOps) plays a crucial role in supporting marketing efforts by facilitating collective process design, reporting, communication, and incentivization between sales and marketing teams.

The first objective of RevOps is to enable a collective process design that allows information to flow seamlessly between marketing technology (MarTech) and the sales stack, typically facilitated through a Customer Relationship Management (CRM) system. This shared source of truth ensures that both sales and marketing teams have access to the same data, eliminating discrepancies and fostering collaboration.

RevOps also focuses on creating, assigning, and showcasing opportunities for sellers, including defining next steps. By standardizing this process, RevOps helps bridge the gap between marketing-generated opportunities and sales execution. This alignment ensures that marketing initiatives translate into tangible results, and the feedback loop allows for continuous improvement.

The second objective is to enhance communication and incentivization. RevOps serves as a mediator between sales and marketing, aligning reporting practices and metrics. This alignment eliminates the need for subjective arguments and externalization of failure, fostering a collaborative environment.

To achieve this, RevOps managers work towards scoping out processes that enable effective communication between MarTech and the sales stack. This includes defining communication channels, input metrics, and output metrics that support reporting on both marketing and sales initiatives.

One of the critical roles of RevOps is to drive the technical implementation of these processes, involving stakeholders and ensuring that the necessary technologies are in place. The emphasis is on creating a single source of truth, often the CRM system, which becomes the central hub for accurate and real-time data. This not only streamlines communication but also allows for automation, reducing the risk of errors associated with manual intervention.

RevOps serves as a catalyst for breaking down silos by focusing on the technical implementation of processes that facilitate collaboration. The guide stresses the importance of removing emotional arguments and subjective assessments, emphasizing that if an action or data point is not recorded in the system, it essentially didn’t happen.

The example provided illustrates the impact of misaligned process designs. In a scenario where marketing organizes an event and shares attendance data via Excel, sales faces challenges in identifying clients, using pitch decks, and creating opportunities in the CRM. This disjointed process leads to frustration, blame-shifting, and a lack of insight into the actual revenue generated from the event.

In contrast, an aligned process design, facilitated by RevOps, leverages technologies such as APIs to automate the creation of opportunities with attendance data and pitch decks directly into the CRM. This not only saves time but also ensures that both sales and marketing have clear visibility into the success of the opportunities generated. The shared report becomes a valuable tool for measuring the impact of marketing initiatives and improving future strategies.

The guide acknowledges that achieving this level of alignment might seem utopian for some organizations. However, it emphasizes that the success of these initiatives is not solely dependent on the complexity of the technical implementation but also on the willingness of the organization to address cultural barriers, departmental ego, and historical issues.

RevOps managers play a pivotal role in driving these changes by identifying requirements for processes, collaborating with stakeholders, and overseeing the technical implementation. The guide encourages organizations to recognize the feasibility of these changes and suggests that the main roadblocks often arise from a lack of willingness to address the underlying issues.

In summary, Revenue Operations serves as a linchpin in supporting marketing efforts by driving collective process design, ensuring accurate reporting, and facilitating communication and incentivization between sales and marketing. By leveraging technology and aligning processes, RevOps contributes to breaking down silos and creating a collaborative environment that enhances the effectiveness of marketing initiatives.

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