Archive for the ‘Social Media’ Category
Wednesday, December 8th, 2010
My fiancé and I met with a travel planner this weekend to help us plan our honeymoon in May. She has been in the business for over 30 years, has traveled all over the world, and makes travel arrangements for many corporate clients as well as individuals. We spent over an hour and half discussing our preferences and getting her recommendations on how to get the most out of our trip. After we’d left the meeting and were walking back to the car, my fiancé turns to me and says, “She had some good suggestions, but I’m going to do some more research before making any decisions.” I promptly agreed with him that we should do our own research – using the Internet as our only search mechanism, which was so implied it didn’t need to be stated.
The experience got me thinking about how drastically buying behavior has changed. Granted, her personal experience was helpful to us in narrowing down destinations, but when it came to booking, neither of us were comfortable using her as our sole information source – we needed the validation of online sources. In fact, I can’t even remember the last time I made a major (over $1000) purchase without first researching it online – and I’m not alone. Forrester estimates that $917 billion worth of retail sales last year were “Web-influenced.” It also estimates that online and Web-influenced offline sales combined accounted for 42 percent of total retail sales and that percentage will grow to 53 percent by 2014, when the Web will be influencing $1.4 billion worth of in-store sales.
While these are statistics and scenarios refer to b2c buying behavior, the b2b buying process has gone through similar changes in the last 5 years. Modern B2B buyers are using online sources to conduct independent research before ever speaking to a sales rep, and turning to the Internet to confirm or verify information throughout the buying process. The result – your online presence and interaction has become increasingly important. So how should Marketing and Sales adjust to reach the modern b2b buyer?
In The Left Brain Model: The Right Demand Generation Model for the Brave New World of B2B Marketing, Demand Gen expert Malcolm Friedberg sums it nicely when he states, “The evolution to a buyer-centric buying process represents a paradigm shift that requires Sales and Marketing to redefine established roles. In this environment, Sales is increasingly focused on the final, downstream decision-making process, while Marketing is playing an expanded role managing upstream buyer education and lead qualification.” A few things to think about when addressing the modern buyer:
1. The sales cycle is a joint effort between Marketing and Sales: Gone are the days of Marketing filling the top of the funnel with leads and dumping them into Sale's lap. Since modern buyers are turning to online sources for information throughout their entire buying process, your online content and lead nurturing should add the right value at the right stage of the buying process.
2. Your website is the first sales-call: Your website should help guide prospects through their buying cycles and present a clear problem-to-solution content path. When prospects gets on the phone with a sales rep, they’ve most likely already gone through their website thoroughly. A sales rep should be able to add value beyond what’s on the website.
3. Buyers Respond to Noise: With b2b buyers researching options on the Internet long before contacting a sales reps and continuing to reference online sources throughout their buying cycle, the louder your organization is online, the better. Search engines are posting results from social media sources - such as blogs, community forums, user reviews or twitter feeds, mentions or links on other websites, published articles, etc. When a modern buyer turns to a search engine and types in a phrase, they are looking for someone to respond. Whoever responds the loudest (produces the most results) with the most relevant, valuable content wins their attention.
Buyer behavior is constantly evolving, and to be effective marketers, we need to be refining the way we communicate to evolve with it. Nothing can replace human interaction, but your organization's online presence is a powerful player in the b2b sales cycle and most likely your prospects' first and last impression of you. Similar to my fiance and I needing online sources to validate our travel agents recommendations, today's b2b buyer wants independent research to confirm their sales rep has given them the facts and that they're making an informed decision. Where are they going to turn to get that validation? The Internet.
Thursday, November 18th, 2010
In Tuesday's webinar Social Media Integration into Marketing Campaigns – Does it Drive Leads?, Manticore Technology Demand Generation Manager Emily Mayfield examined her own successes and failures with social media in a recent, multi-touch marketing campaign featuring The Quintessential Marketing Automation Guidebook. In this Q&A excerpt, Emily Mayfield and VP of Marketing Christopher Doran will answer audience questions regarding integrating social media into a marketing campaign to successfully drive leads.
View the entire Webinar.
Question: How do you explain the importance of how social media generates revenue to someone at the executive level, who doesn’t know much about it or see the value of it?
Christopher: Buyer behavior has changed. Ten years ago, if you were planning on purchasing a new car, you might look in the paper or read consumer reports – now the first place you would probably go is an internet search engine. Social media is an important part of that shift. When a buyer is looking to purchase a product and goes to the internet for information, blogs, discussion forums, and online reviews (all social media outlets) are the results that pop up. Social media is just another tool in a marketer's tool belt. When a buyer is searching for your product or service, you want your company to be the first and most frequent result they see. Social media is another outlet to accomplish that – and it’s free.
Question: Have you discovered any variances in social media success by audience type?
Emily: Yes, social media success does tend to vary by industry and audience type. Typically, marketing and communication roles in industries, such as high-tech, retail, and business services, are more active social media participants than other audiences, therefore those target audiences may produce a better response.
However, as noted in the answer above, modern buyers across industries and roles use search and the internet as their number one source of information. Social media – blogs, discussion forums, twitter feeds, reviews – shows up in search results. Participating is these outlets will increase your exposure and drive leads across all industries and roles.
Question: Based on the results you showed earlier - where most of the opportunities (deals in the pipeline) were driven from social media – would you say that your target audience CMOs and directors of marketing ARE using social media heavily?
Emily: The results of this case study certainly point to that. Last year, Business.com published B2B Social Media Benchmarking Study – a report which analyzed the use of social media across roles and industries. The results of this study point toward the same conclusion - marketing and communication professionals at the executive and senior management level are the heaviest users of social media.
Question: How did you convert blog visitors to leads for this campaign?
Emily: For this campaign, we posted a summary of each section of the eBook and did follow-up interviews with the authors. Visitors could download the section without registering on a landing page. In each section, we embedded a link to a Manticore Technology prospect page (our term for landing page). The reader had the option to download the complete 50-page eBook in exchange for registering on a prospect page and providing us with their demographic information – name, title, phone number, company, revenue, etc. We used the information entered to assign the registrants a lead score, and if their score was high enough, they were passed to sales as a lead.
Friday, October 29th, 2010
Join us in this webinar to find out.
In the last couple years, there's been such a buzz around social media. Every b2b marketing conference seems to offer at least half a dozen sessions on how to use social media effectively. But when it comes to using it for demand generation, there are only a few things that are really important:
- Does it drive leads?
- Which tactics work well and which are a waste of time?
- How do I integrate it into my next campaign?
In this candid evaluation, I'm going to examine my own successes and failures with social media in a recent, multi-touch marketing campaign featuring The Quintessential Marketing Automation Guidebook. I'll answer the above questions, share my step-by-step process, and reveal lessons learned along the way. At the end of the hour, you will have a solid dos and don’ts roadmap to building an effective, integrated campaign.
Attend this webinar to learn:
- Which social media tactics proved most effective – and which didn’t
- The optimal number and frequency of touches for lead nurturing
- What metrics you should track to determine success and measure ROI
- How to create campaign momentum through social media channels
Find out our #1 recommendation for effectively integrating social media into your campaign, and what simple tactics can improve your results dramatically. If you’re looking for straight-forward advice backed by experience, this webinar is for you.
Register Now
Webinar Details:
Date/Time: Tuesday, November 16, 2010. 9am Pacific/12pm Eastern
Duration: 1 hour
Featured Speaker: Emily Mayfield, Marketing Manager, Manticore Technology
About the Speaker: Emily is responsible for planning and executing demand generation campaigns and outbound marketing initiatives for Manticore Technology. In Funnel Focus, Emily explores best practices in demand generation, lead nurturing, and online marketing. Prior to joining Manticore in 2008, she was Director of Marketing at AHR, Inc., an online real estate education provider. Emily holds a B.S. in Public Relations from the University of Texas at Austin.
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