Sina Falaki

AMA: Motive Head of Industry Marketing, Sina Falaki on Product Marketing KPI’s

November 23 @ 9:00AM PST
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Sina Falaki
Sina Falaki
Motive Head of Global Product Marketing | Formerly ProcoreNovember 23
Great question - Because I am so focused on Industry Marketing right now, I have it divided between Product Marketing KPIs and Industry Marketing KPIs: For Product Marketing: * Conversions NARR * Attachment rates - new logo and cross selling * Product ASP - the sales price, keep a close eye on this Industry marketers on the other hand look at: * Industry/Segment NARR * Gross Pipeline * Win/close rates
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Sina Falaki
Sina Falaki
Motive Head of Global Product Marketing | Formerly ProcoreNovember 23
Messaging and revenue. But to be clear, here are the specifics: * Drive pipeline and top-line revenue growth, inclusive of new logo and cross-sell / up-sell (land & expand growth) * Partner with enablement to ensure quota-carrying teams know what to say to whom and when * Bring customer feedback into the product and technology team in order to inform product roadmaps. * Prioritize, open, and adapt to new markets and industries * Drive home differentiated and unique value
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Sina Falaki
Sina Falaki
Motive Head of Global Product Marketing | Formerly ProcoreNovember 23
Naturally you want to look at how your content and its assets have touched the sales cycle. Typically here are a few ways I tend to look at metrics with long sales cycles (upmarket): * Conversions NARR * Attachment rates - new logo and cross selling * Product ASP - the sales price, keep a close eye on this * Industry/Segment NARR * Gross Pipeline * Win/close rates
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What advice would you give a junior product marketing manager who is the first product marketing hire?
I don't want to just be a launch project manager or a new releases copywriter.
Sina Falaki
Sina Falaki
Motive Head of Global Product Marketing | Formerly ProcoreNovember 23
Product Marketers should always be thinking of ways to contribute directly to revenue. In my mind, if it doesn't move the needle, its not meant to be worked on. Prioritization needs to be ruthlessly put into check. Product Marketers should always key in on: * Driving pipeline and top-line revenue growth, inclusive of new logo and cross-sell / up-sell (land & expand growth) * Partner with Enablement to ensure quota-carrying teams know what to say to whom and when * Develop strategic sales plays
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Sina Falaki
Sina Falaki
Motive Head of Global Product Marketing | Formerly ProcoreNovember 23
In a proper program, Industry Marketing & Campaigns have joint ownership so we both look at the same metrics in order to build pipeline and win NARR. I say this as a preface because Industry and Campaign leadership should work together to: * Establish business objectives * Set targets, goals, and key intiiatives * Help with cross-industry efforts This should then yield to: * Pipeline generation * Open Pipe * NARR As such, we should always be looking at broad metrics that lead to: * Global NARR * Rep Productivity (monthly) * ASP (monthly) * Close Rate (monthly) * Cycle Time (monthly) * Market Penetration (quarterly)
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