After building a scoring model in Marketo and letting it run for a few months, you will want to make sure it is working properly so that you know that people are getting points for the right activities. We'd then recommend revisiting this every six months or so. Here are four fairly straightforward, if sometimes time-consuming, things you can do to validate your scoring model.
1. Make Sure All Campaigns Are Running
The first step is to simply scan your campaigns and make sure that they are all processing records. You can know whether the campaign is processing data if there are members of the campaign in the campaign overview.
2. Evaluate Your Scoring Footprint
The scoring footprint looks at the impact that your scoring model has on your database. In order to understand your scoring footprint, follow these steps:
These numbers should be taken every 6 months and kept in Excel. Over time, you should see a trending increase in the percentage. If you have a trending decrease, look into what the cause of the decrease is.
Repeat these steps for the behavior score and demographic score as well.
3. Evaluate High Value Attributes and Activities
Use the following steps to look into which attributes or activities are most closely associated with buying behavior:
For each scoring campaign, this report shows the number of members in the campaign and how many of those members became an MQL.Use Excel to calculate the percentages. Next, evaluate which activities / attributes are most notable.
In this example, notice that Searched for a Keyword has the highest rate of bringing in qualified leads, so we would want to make sure that this campaign has a high number of points and may want to look into investing in SEO to increase keyword searches. Adjust your model to reflect your findings.
4. Check Your Values
For demographic scoring, we can use Marketo to understand which values have the highest indication of buying behavior. For each demographic campaign, do the following:
Create a smart list, in this example we will use job title. The smart list should use the attributes Job Title is not empty and Has Opportunity is true.
Export the list into Excel
Copy all of the job titles from the list in Excel
Paste them into some tool like Wordle (http://www.wordle.net/), which is a third party tool that creates a visual diagram for which values appear most frequently in a list.
It's important to not that statistically, you also need to compare how frequently those values appear in your database as a whole. For example, if 50% of your opportunities are created by Managers, but that's also 50% of your overall database, this doesn't tell us much. If however, your database has 20% managers, then there's something more interesting there.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.