Does anyone have a work around for a wait until the x of the month in a wait step?

Thanks again Ellliot! One last question, so for this main sales cycle campaign (20th batch schedule) does it even make sense to track status progression if different leads are coming in monthly? Our sales people are actually trying to convert the leads to paid customers on the first lead nurture campaign that brings them to the sales cycle campaign.  The main lead nurture has the following status: 

sent
open
click link
TMK Left voicemail
TMK Reached
trial request
TMK Follow up Left voicemail (convert to sales)
TMK FOllow up Reached (convert to sales)
Purchased
Declined

I thought maybe for the sales cycle campaign that it probably should track the following progressions below:
Click link (contiue to subscribe)
TMK Follow up Left voicemail (convert to sales)
TMK FOllow up Reached (convert to sales)
Purchased
Declined

So did you ever run a campaign within a program that didn't track any status progressions? My boss just wants to be able to see what's happening in one screen, but there's multiple campaigns that all flow into the main sales cycle and I thought that maybe the main sales cycle campaign is the way to go to track everyone flowing from the campaign.  But then again, after 4 months the leads are removed from the list, and new leads would be coming into the sales cycle campaign.  Hmmm. Help?

This should work as long as your smart lists have a "Not Was Sent Email" filter in each smart list that will ensure that leads that were in that list and were sent the email are "removed" from the smart list, so they won't qualify for it again.  New leads would be added to your first smart list whenever they qualify during the month.  You can change the smart list to include more or fewer leads, but don't remove the "Not Was Sent Email" filter.

The paper clip means that your smart list has been cached and you need to refresh the cached list to see the latest results as described at the bottom of the Cached Lists help article.  In the Does Marketo automatically create cached smart lists? discussion item, I commented "Tech support indicates that In the January release, they implemented a feature where if you export a list, Marketo will automatically cache the list, but it should not persist if you edit the filter or refresh the list."  Also, in the Auto-refresh of a cached smart list discussion item, Marketo indicates that "when campaigns are using membership of these cached smart lists as a criteria in the smart list, the campaign will re-count the membership of these smart lists. However, this won't refresh the smart list itself." 

Quick question guys, so I implemented what you suggested above Elliot, But instead of a static list, I'm using a smart list because I'm pulling leads who converted from different campaigns for the main drip campaign that's batched on the 20th, and the leads will only go through the flow once, and in the wait steps, the first batch of leads will move to another smart list until they are done.  

So my main question is, while the main drip campaign is running, at anytime, can I make a change to the smart list? Also I noticed that the smart list that's being used for this drip campaign has a paper clip icon on the upper right hand side.  I'm assuming that it means that it's attached to an active campaign?  Am I right or am I seriously wrong?

Thanks Rick. 

Thanks for this info Rick!  If would be great if some of this insight could be added to the documentation on the Wait flow action.

OK. I know this is a lot of random testing, but I THINK I've cracked the code. If the wait step begins in the on a day other than the last day on a month with 31 days, it will end on the same number day. BUT if the wait step begins on the last day of a 31 day month and the next month is less than 31 days, then it considers a month to be 31 days. At least this is what it seems like the logic is. Now there are some obvious outliers and lags where the wait step can end anywhere from 4 minutes to 8 hours (and 31 hours in the first example) after the begin time. See below for my tests.

·         Example 1 (+1 day 7 hrs 44 min)
o   Recycle Timeframe to 1 month – Mar 1, 2013 @ 4:14pm
o   Remove from Flow – Apr 2, 2013 @ 11:58pm
·         Example 2 (+4 min)
o   Recycle Timeframe to 1 month – May 1, 2012 @ 10:59am
o   Remove from Flow – Jun 1, 2012 @ 11:03am
·         Example 3 (assuming 1 month = 31 days, +7 hrs 22 min)
o   Recycle Timeframe to 1 month – Jan 31, 2013 @ 1:13am
o   Remove from Flow – Mar 3, 2013 @ 8:35am
·         Example 4 (assuming 1 month = 31 days, +7 hrs 30 min)
o   Recycle Timeframe to 1 month – Jan 31, 2013 @ 1:14am
o   Remove from Flow – Mar 3, 2013 @ 8:44am
·         Example 5 (assuming 1 month = 31 days, +11 min)
o   Recycle Timeframe to 1 month – Oct 31, 2012 @ 8:01am
o   Remove from Flow – Dec 1, 2012 @ 8:12am
·         Example 6 (assuming 1 month = 31 days, +3 hrs 24 min)
o   Recycle Timeframe to 1 month – Oct 31, 2012 @ 2:51pm
o   Remove from Flow – Dec 1, 2012 @ 6:15pm
·         Example 6 (+2 hrs)
o   Recycle Timeframe to 1 month – Feb 22, 2013 @ 4:54pm
o   Remove from Flow – Mar 22, 2013 @ 6:54pm
·         Example 7 (+3 hrs  52 min)
o   Recycle Timeframe to 1 month – Feb 20, 2013 @ 11:24am
o   Remove from Flow – Mar 20, 2013 @ 3:16pm

Thank you everyone and a big special thank you to you Elliott.  That will be my work around.  I was on the right track when I created the static list, but I got stuck with the wait step on the 20th.  So I'm going with your suggestion and test it out. You made my day!

Thanks guys!  But what if my campaign flow looks like this:
After someone completes a conversion from one campaign, they are then added to campaign #2 which has the following set up.  I have to be able to add new leads to the campaign below at anytime of the month.

email 1 - welcome letter

email 2 - website login instructions 1 hour later, same day.
The reason for the 20th day of the month is because new trial subscribers usually get an email from the editor for the current issue of a publication. 

email 3 - 1st publication access follow up trial #1- on 20th day of month

email 4 - 2nd publication access follow up trial #2 - on 20th day of month

email 5 - trial has ended - continue subscrption now,  login access terminated - 1 week after email 4

email 6 - last chance to continue subscription, reactivate login access - 1 week after email 5. 

remove from campaign add to trial effort #3.
Trial Effort #3 will recycle them. 

So does Rick's suggestion mean that I have to assign a month to start a drip campaign so the subsequent wait steps of the 20th will follow?  What if it's the 16tth of the month and someone needs to be added to the campaign?  or what if someone is added on the 25th of the month?

Thanks Rick.  I'm still curious to know how it handles a situation where it is the 31st of the month and you tell it to wait 1 month and the next month has 30 days or 28/29 days.