Social Media in the B2B Space: Busting the Myth Buster

Posted by: Mark Palony // April 8th, 2011

Social Media in the B2B space - busting the myth buster

I cut my social media teeth in the B2B space and have an affinity for it to this day. That’s why I found the article at the end of this link both interesting and grating at the same time.  While the author, Merlin Francis, sets out to dispel some of the myths surrounding social media, he does so while clinging to a few of his own. Chief among them is cost.
One of the great struggles is convincing CMOs that social media is neither free nor cheap. To be sure one can get into social for less than the average television commercial, but to do it correctly takes time and effort. Keep in mind, this is part of your marketing strategy and, as such, deserves as much attention as other elements.

With that said, Mr. Francis goes on to make a strong case for why B2B organizations need to be involved in social media. I’m not talking about an all-out assault using all the vehicles available, but, as with any other marketing initiative, a well-planned and thought out strategy that will deliver the results you need.

@MarkPalony


How to Tell if Social Media Can Help Your B2B Sales Funnel

Posted by: Neil James // March 2nd, 2011

How to Tell if Social Media Can Help Your B2B Sales Funnel

“Sure Facebook is fun,” the B2B executive says. “I like to keep up with what my family and friends are doing, but I don’t really want to conduct business there. Therefore, I’m not sure it’s right for us.”

In certain instances, he might be right!

Strategic marketing is all about identifying the tactics that will yield the best returns given limited resources. Is social media a high-yield tactic for B2B businesses? It depends, according to Kim Tasso in an article for Econsultancy, Six Top Tips For Integrating Social Media Into B2B Selling.

Tasso identifies six areas of assessment that can help B2B marketers determine whether social media (and which platforms) can have an impact on the B2B sales funnel. Among her suggestions, Tasso recommends that marketers, if they don’t already, gain a thorough understanding of their brand’s sales funnel and identify the stage in which social media is most likely to have an impact. In addition, Tasso urges marketers to draft standard policies and procedures governing social media to protect the brand and to identify the individuals with the most enthusiasm for establishing a corporate social footprint.

@NeilAndrewJames


The Amazing Facts About C-Suite Executives and Mobile

Posted by: Neil James // January 6th, 2011

Although the public perceives executives as stuffy and out-of-touch, the C-level is populated by an incredibly diverse set of backgrounds, credentials and managerial approaches. But one area in which executives share increasing uniformity is in mobile, particularly smartphone adoption. A recent Forbes survey, as chronicled in the eMarketer article, B2B Possibilities for Mobile, found that 82 percent of C-suite executives had a smart phone compared to 19 percent of the general population. Survey respondents under age 50 identified their mobile device as their primary business communications tool.

Smartphones allowed executives to do more than just make calls and keep up with the Jones; nearly two-thirds of executives reported willingness to make purchases from the mobile web and over half gathered business information via B2B mobile apps. Of particular importance to B2B marketers, 57 percent of executives reported that they had noticed mobile advertising and over half clicked on mobile web ads and paid search ads.

@NeilAndrewJames



There’s More to B2B Social Media than Thought Leadership and CRM

Posted by: Neil James // November 9th, 2010

While social media has been an effective tool for B2B marketers, it has been so primarily in two arenas: thought leadership and CRM. Many B2B marketers have leveraged blogs and Twitter as a means of demonstrating industry expertise and trust. In addition, just as in B2C, B2B has embraced listening to social media channels as a means of providing better customer service. But is that all social media can do for B2B? Not by a longshot says Ben Parr in an article for Mashable, What the Future Holds for B2B Social Media Marketing. According to Parr, video and mobile will be the new frontiers for B2B social media marketers. In addition, Parr says, social media will play an increasing role in helping B2B marketers improve their products and services in response to instant feedback and criticism.

@NeilAndrewJames


Effective Facebook Marketing Tactics for B2B Companies

Posted by: Neil James // March 25th, 2010

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So you were intrigued by the B2B lead nurturing capabilities of Facebook, and you want to learn more. Let’s face it, Facebook is not a commodity understood by most B2B marketers. The better you can understand it and put guiding principles into action, the more pronounced your marketing edge will be over your competition.

While leads are the lifeblood of most B2B initiatives, Facebook can help marketers in all areas of the sales cycle. According to this Peripheral Visions article, eMarketer recently surveyed 643 marketers to determine what they felt were the most effective tactics for Facebook as a marketing tool.

The key to most of these marketing tactics is that they assume a Facebook fan base exists. Facebook users must voluntarily opt to be a fan of your brand’s page. Of these tactics, only buying targeted CPC ads are a means of building your page’s fan base.

Assuming you have a built-in customer base, initially acquiring fans can be somewhat easily accomplished. Integrating Facebook badges or links to all company touch points, such as e-mails or the web site, can drive traffic to your Facebook page and convert fans quickly.

This article from Peripheral Visions shows an example of a B2B Customer Survey that can be posted directly over to Facebook through an application called Survey Monster. Customer surveys can address a wide variety of needs, including gleaning insights for new products and features, addressing problematic areas of customer service and the charting of customer demographics.

If all you’re interested in is demographics, you don’t even need to go as far as a survey. If you haven’t looked, your Facebook Fan Page tracks the demographics of your fans through Facebook Insights. One Russell Herder employee shared the demographics of his band’s Facebook fan page:

Building brand equity by driving traffic to corporate materials is also an effective Facebook marketing tactic. According to a Facetime Communications Survey, 79% used LinkedIn, Facebook or YouTube at work. Fifty-one percent of workers said they used it at least once a day.

Perhaps most important, 52% of surveyed workers reported using social media for research purposes. It’s likely that within this 52% are more than a few key decision-makers. Making sure that your most valuable sales content makes its way to Facebook is an excellent way to widen the prospect pool.

Of course, the heart of the Facebook marketing experience lies in interaction and conversation. Facebook Fan Pages are an opt-in service; your fans may choose to opt out at any time for any reason. Many marketers view their fan bases as captive and receptive ears to their brand’s daily marketing message. Resist this urge.

Behave in a manner that resonates with your decision-making prospects. Speak in a language and tone that is familiar to them. Openly discuss their needs and what your brand can do to fulfill them.

The ultimate goal is to spread word of mouth about your brand through social media. Few vehicles are able to build the trusting relationships necessary to carry out a B2B transaction quite like word of mouth. As the Mayo Clinic’s Lee Aase noted in this interview, social media is simply how word of mouth happens in the 20th century.

@NeilAndrewJames

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