Marketo for Mid/Ent level companies, who SME knowledge, and don't want to pay 2x for Eloqua
September 08, 2017

Marketo for Mid/Ent level companies, who SME knowledge, and don't want to pay 2x for Eloqua

Salem Honey | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Software Version

Standard

Modules Used

  • Marketo Lead Management
  • Marketo Sales Insight
  • Marketo Revenue Cycle Analytics

Overall Satisfaction with Marketo

All digital marketing campaigns flow through our Marketo instance. We manage email programs, paid-advertising (with form data ingesting), and various hookups for lead intake, scoring, and delivery to SalesForce.
  • Design studio works fairly well, but lacks version control.
  • Nurture campaigns for automated programs are intuitive.
  • Strong community forum and offerings for examples, and question assistance (contrasted to Eloqua, which is light).
  • Complex segmentation is more difficult to perform. Marketo thrives better in standard lists, versus mass customization.
  • Since Marketo was acquired, the paid consultants, and support quality has dropped dramatically - especially support.
  • Server issues with Marketo cause actions to need to be performed 2-3x at random. While tickets are always opened, it is always a "speed issue with our servers."
  • Product Launches
  • Upsell
  • Customer Service
  • Lead Management
  • Prospecting / New Business
Our specific use case is prospect nurturing in long B2B sales cycles.
HubSpot is the most "easy" as far as getting going and fits its niche of low-complexity business use-cases (and their UI for design is great, with good version control). HubSpot is like an "easier" and less sophisticated Marketo.

Marketo is a great mid-company to large company sized platform, with a large support base of community members (their support is lacking). Pretty intuitive list management for nurture, newsletter, operational, ad hoc campaigns (but the segmentation complexity gets convoluted). Easier than Eloqua to get up and running for new clients/companies.

Eloqua is about twice as expensive as Marketo (as I've seen decision making come down to price in 3x clients/customers in the past, and its "Eloqua is a bit better, but, budget wise, Marketo fits better). The segmentation and canvas are far superior (in my opinion), and much more customizable on the backend for data manipulation and management.
The Design/Email space is similar in my opinion to Marketo and works fine.

Marketo does do a better job of new feature release and being "ahead of the curve" versus Eloqua.

IBM Campaign is worse [than] Eloqua, but can do much more database manipulation on the backend. I only have experience with eMessage, and not their new acquisition SilverPop, so I can't comment on the new email design/template system.
Summary:
Choose Marketo if you have domain knowledge (existing Marketo working experience), and do not want to pay for the cost of a larger enterprise toolset (Eloqua for example).

More detail:

Well suited for mid/larger sized companies where you have a Marketo technical expert. Not having an SME in Marketo when the instance is newly deployed will cause a lot further frustration down the road for choosing incorrect ways of setting up custom fields, working with Milestones, Budget/Costs, etc. Configuration at the early stages definitely causes headaches in the future, if you start to get more sophisticated.

Marketo does not allow very good "developer" style tools (such as back-end server logs, you need to open a ticket or pay for consulting hours), which means you should be wary of things outside of Marketo's scope.

Marketo works well for mid-complexity Nurture campaigns and segmentation. You do not have the complexity of IF/THEN/ELSE type of segmentation (you can, it just requires some logic workarounds).

It seems to be more intuitive to those Jr/Mid in Marketing Automation Software (as opposed to Eloqua, or IBM Campaign, Adobe, etc.)

Most companies choose Marketo due to domain knowledge, or cost.

Adobe Marketo Engage Feature Ratings

WYSIWYG email editor
4
Dynamic content
3
Ability to test dynamic content
4
Landing pages
5
A/B testing
6
Mobile optimization
7
Email deliverability reporting
7
List management
3
Triggered drip sequences
7
Lead nurturing automation
7
Lead scoring and grading
6
Data quality management
5
Automated sales alerts and tasks
7
Event/webinar marketing
6
Dashboards
3
Standard reports
3
Custom reports
3
API
3
Role-based workflow & approvals
5
Customizability
2
Integration with Salesforce.com
4