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SPE SOCIAL MEDIA
    PRESENTATION
1   B2B Social Media & Strategic Partnerships
    January 19, 2012
INTRODUCTION
                        Creating websites for 14 years
                        Participating in Social Media
                         for 7 years
                        MBA in Marketing
                        Certificates in
                            E-Business Marketing
                             Management
                            Project Management
Pam Aungst                  Google AdWords
E-Commerce Manager
E&T Plastics                Advanced Social Media
                                                          2
ABOUT SOCIAL MEDIA
3   How The Rules of Marketing are Changing
4
• 1 out of every 6 minutes online is spent on Facebook
                                       Source: ComScore, 6/15/11


  • Twitter has 100 million active users & 230 million
                                       tweets per day
                                      Source: Twitter CEO, 9/9/11

          • Users spend 3x the time on blogs & social
                          sites than they do on email
                                           Source: Nielson, 11/10


                 • Companies that blog get 55% more
                                     website visitors
                                           Source: Hubspot, 2010


                 • B2B companies that blog generate
                     67% more leads per month than
                                  those who do not
                                          Source: Hubspot, 2010



                        • Companies that use Twitter
                    average 2x more leads per month
                                                                    5
                              than those who do not
                                           Source: Hubspot, 2010
WHAT TO DO ABOUT IT
6   Pull instead of push
WHAT IS INBOUND MARKETING?


               “Inbound Marketing is the
               practice of bringing warm,
               qualified leads into your
               sales funnel rather than
               reaching outward to cold,
               questionable targets”
               – Clay Schossow




                                            7
DIFFERENCES: INBOUND VS.
       OUTBOUND
Outbound         Inbound
Marketing        Marketing
•Telemarketing   •Blogging & SEO
•Trade Shows     •Video & Social Media
•Direct Mail     •Webinars
•Email Blasts    •White Papers
•Print Ads       •eBooks & Guides
•TV/Radio Ads




                                         8
9
HOW TO “PULL”
     INSTEAD OF “PUSH”
10
     1)   Publish
     2)   Spread
     3)   Converse
PUBLISH “GENUINELY USEFUL”
INFORMATION

What to Publish        Where to Get Ideas

 Blog Posts (EASY!)      Customer FAQ’s
 “How-to” Tutorials
                          Record what you’re already doing
 White Papers
                          Summarize latest industry news
 E-Books
                          Lists! “Top 10” Tips For…
                          Review an industry publication
 Videos
                          Interview someone
 Webinars
                          Repurpose old content (newsletters,
 Planning Tools
                           case studies, etc.)
 Guides                  Repurpose new content

                                                           11
SPREAD (VIA SOCIAL MEDIA)




   Helps content get found by “warm” prospects

   Social presence gives impression you’re ready,
    willing & waiting to become their trusted        12
    advisor
ALL THAT SPREADING IMPROVES
SEO sharing brings in links to your website
 Social

 Links to your website boost your SEO
 Easier for that “warm” prospect to find you on Google




                                                          13
CONVERSE – IT’S LIKE A TRADE
SHOW
   LinkedIn = Giant virtual show floor
      Prospects are there asking technical
       questions - Answer them!
      Point them to your resources
       (that genuinely useful content you made)

   Google Plus = Trade Show Sponsorship
     Easy way to get your name out there
                                                   “The mouths are
                                                    already moving.
   Facebook = Brochure on tabletop               You need to decide
      Visually show off your capabilities        if you want to be a
                                                       part of the
       (Pictures, pictures, and more pictures)
                                                     conversation.”
                                                        - Scott Stratten
   Twitter = Cocktail party after the show
      Converse to build relationships                                 14
LET THEM DISCOVER YOU

Sales Funnel               Social Funnel




       Manufacturers can pass the          15

     lead to a distributor at any point    15
SOCIAL MEDIA DIFFERENCES: B2B
VS B2C
        Audience Personas  Length of
          Size            Interactions
           Large        Overall,     Short, One-time
  B2C   (Speaking to
                        General

        the Masses)
           Small       Individual    Long, Ongoing
  B2B    (Group of a
        Few Decision
                       Salespeople

          Makers)




                                                       16
BUSINESS RESULTS FROM SOCIAL
MEDIA




                               17
HOW TO GET STARTED &
     SUCCEED
18   Plan, Measure, Revise, Repeat
WHERE TO START?

 Define objectives
 Design a plan

 Choose your tools
     Social Media is not one-size-fits-
      all
     Better to be good at a few
      than be everywhere
 Implement plan
 Measure results

 Revise plan

 Repeat

                                           19
TOP 3 WAYS TO FAIL
  IN B2B SOCIAL MEDIA
2.Push   out the same old sales info

3.Actdifferently online than in
 person

4.Be   inconsistent

                                       20
DEALING WITH
  FEAR OF SOCIAL MEDIA


Marketing   communications are
 less controlled on social
Usemistakes as an opportunity to
 humanize your brand
                                    21
AVOID SOUNDING TOO “SALES-Y”
   Talk about yourself LESS than you talk about
    others (At least 60/40…some say 80/20)
     Less of “We are awesome, our stuff is great”
     More of “Hey, our friend over there is pretty great”


   Here’s where partnerships come in
     Customers
     Vendors / Distributors
     Trade Associations
     Charitable Associations


   Highlight what they are doing, and ask them to
    highlight what you are doing.                            22
STRATEGIC PARTNERSHIPS –
BENEFITS
   Makes it easy to keep self-promotion to a minimum

   Strengthens existing relationships

   Allows for sharing of resources




                                                        23
RECIPROCAL PROMOTION –
PROSPECTS
                Works great with prospects
                More effective and
                 memorable than a cold call
                “People love to be made to
                 feel special.” – Scott Stratten, UnMarketing
                Drives traffic to your site



          “Hey, look, E&T wrote an
             article about us!”
                                                            24
HOW TO MEASURE
     SUCCESS
25
HOW TO MEASURE SUCCESS

   Big debate about Social Media ROI

   Some say you can’t measure ROI on a
    communications tool (phone system, email
    server, social)

   Some do have social media ROI formulas (p. 210)

   Either way, there are metrics that can and
    should be used to measure your efforts

                                                      26
METRICS & OBJECTIVES
   Measurable Social Media Metrics:
        Number of fans/followers
        Engagement level
         (comments, “likes”, mentions, retweets,
         shares, etc.)
        Post impressions
        Monthly active users
        Conversation/Update Ratio
        Network Influence, Amplification Probability,
         True Reach
        Increases in website traffic from social
         sources
        Number of inbound links gained
        Number of inquiries/leads
   Use metrics to define objectives & analyze success
        Example: “Increase follower base by 5% per quarter”
        Example: “Increase social-driven website traffic by 10% per year”   27
•Recommended             Reading
             •Social Marketing to the Business Customer:
             Listen to Your B2B Market, Generate Major
             Account Leads, and Build Client
             Relationships
             by Paul Gillin & Eric Schwartzman
             •eMarketing Strategies for the Complex Sale
             by Ardath Albee




     THE END
28   Questions?

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Social Media & Inbound Marketing for B2B Companies with Long & Complex Sales Cycles

  • 1. SPE SOCIAL MEDIA PRESENTATION 1 B2B Social Media & Strategic Partnerships January 19, 2012
  • 2. INTRODUCTION  Creating websites for 14 years  Participating in Social Media for 7 years  MBA in Marketing  Certificates in  E-Business Marketing Management  Project Management Pam Aungst  Google AdWords E-Commerce Manager E&T Plastics  Advanced Social Media 2
  • 3. ABOUT SOCIAL MEDIA 3 How The Rules of Marketing are Changing
  • 4. 4
  • 5. • 1 out of every 6 minutes online is spent on Facebook Source: ComScore, 6/15/11 • Twitter has 100 million active users & 230 million tweets per day Source: Twitter CEO, 9/9/11 • Users spend 3x the time on blogs & social sites than they do on email Source: Nielson, 11/10 • Companies that blog get 55% more website visitors Source: Hubspot, 2010 • B2B companies that blog generate 67% more leads per month than those who do not Source: Hubspot, 2010 • Companies that use Twitter average 2x more leads per month 5 than those who do not Source: Hubspot, 2010
  • 6. WHAT TO DO ABOUT IT 6 Pull instead of push
  • 7. WHAT IS INBOUND MARKETING? “Inbound Marketing is the practice of bringing warm, qualified leads into your sales funnel rather than reaching outward to cold, questionable targets” – Clay Schossow 7
  • 8. DIFFERENCES: INBOUND VS. OUTBOUND Outbound Inbound Marketing Marketing •Telemarketing •Blogging & SEO •Trade Shows •Video & Social Media •Direct Mail •Webinars •Email Blasts •White Papers •Print Ads •eBooks & Guides •TV/Radio Ads 8
  • 9. 9
  • 10. HOW TO “PULL” INSTEAD OF “PUSH” 10 1) Publish 2) Spread 3) Converse
  • 11. PUBLISH “GENUINELY USEFUL” INFORMATION What to Publish Where to Get Ideas  Blog Posts (EASY!)  Customer FAQ’s  “How-to” Tutorials  Record what you’re already doing  White Papers  Summarize latest industry news  E-Books  Lists! “Top 10” Tips For…  Review an industry publication  Videos  Interview someone  Webinars  Repurpose old content (newsletters,  Planning Tools case studies, etc.)  Guides  Repurpose new content 11
  • 12. SPREAD (VIA SOCIAL MEDIA)  Helps content get found by “warm” prospects  Social presence gives impression you’re ready, willing & waiting to become their trusted 12 advisor
  • 13. ALL THAT SPREADING IMPROVES SEO sharing brings in links to your website  Social  Links to your website boost your SEO  Easier for that “warm” prospect to find you on Google 13
  • 14. CONVERSE – IT’S LIKE A TRADE SHOW  LinkedIn = Giant virtual show floor  Prospects are there asking technical questions - Answer them!  Point them to your resources (that genuinely useful content you made)  Google Plus = Trade Show Sponsorship  Easy way to get your name out there “The mouths are already moving.  Facebook = Brochure on tabletop You need to decide  Visually show off your capabilities if you want to be a part of the (Pictures, pictures, and more pictures) conversation.” - Scott Stratten  Twitter = Cocktail party after the show  Converse to build relationships 14
  • 15. LET THEM DISCOVER YOU Sales Funnel Social Funnel Manufacturers can pass the 15 lead to a distributor at any point 15
  • 16. SOCIAL MEDIA DIFFERENCES: B2B VS B2C Audience Personas Length of Size Interactions Large Overall, Short, One-time B2C (Speaking to General the Masses) Small Individual Long, Ongoing B2B (Group of a Few Decision Salespeople Makers) 16
  • 17. BUSINESS RESULTS FROM SOCIAL MEDIA 17
  • 18. HOW TO GET STARTED & SUCCEED 18 Plan, Measure, Revise, Repeat
  • 19. WHERE TO START?  Define objectives  Design a plan  Choose your tools  Social Media is not one-size-fits- all  Better to be good at a few than be everywhere  Implement plan  Measure results  Revise plan  Repeat 19
  • 20. TOP 3 WAYS TO FAIL IN B2B SOCIAL MEDIA 2.Push out the same old sales info 3.Actdifferently online than in person 4.Be inconsistent 20
  • 21. DEALING WITH FEAR OF SOCIAL MEDIA Marketing communications are less controlled on social Usemistakes as an opportunity to humanize your brand 21
  • 22. AVOID SOUNDING TOO “SALES-Y”  Talk about yourself LESS than you talk about others (At least 60/40…some say 80/20)  Less of “We are awesome, our stuff is great”  More of “Hey, our friend over there is pretty great”  Here’s where partnerships come in  Customers  Vendors / Distributors  Trade Associations  Charitable Associations  Highlight what they are doing, and ask them to highlight what you are doing. 22
  • 23. STRATEGIC PARTNERSHIPS – BENEFITS  Makes it easy to keep self-promotion to a minimum  Strengthens existing relationships  Allows for sharing of resources 23
  • 24. RECIPROCAL PROMOTION – PROSPECTS  Works great with prospects  More effective and memorable than a cold call  “People love to be made to feel special.” – Scott Stratten, UnMarketing  Drives traffic to your site “Hey, look, E&T wrote an article about us!” 24
  • 25. HOW TO MEASURE SUCCESS 25
  • 26. HOW TO MEASURE SUCCESS  Big debate about Social Media ROI  Some say you can’t measure ROI on a communications tool (phone system, email server, social)  Some do have social media ROI formulas (p. 210)  Either way, there are metrics that can and should be used to measure your efforts 26
  • 27. METRICS & OBJECTIVES  Measurable Social Media Metrics:  Number of fans/followers  Engagement level (comments, “likes”, mentions, retweets, shares, etc.)  Post impressions  Monthly active users  Conversation/Update Ratio  Network Influence, Amplification Probability, True Reach  Increases in website traffic from social sources  Number of inbound links gained  Number of inquiries/leads  Use metrics to define objectives & analyze success  Example: “Increase follower base by 5% per quarter”  Example: “Increase social-driven website traffic by 10% per year” 27
  • 28. •Recommended Reading •Social Marketing to the Business Customer: Listen to Your B2B Market, Generate Major Account Leads, and Build Client Relationships by Paul Gillin & Eric Schwartzman •eMarketing Strategies for the Complex Sale by Ardath Albee THE END 28 Questions?