B2B Social Media – Moving Beyond the Hype
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B2B companies are looking beyond conventional marketing communications and using social media to engage directly with their audiences, build trust and gather customer insight. But many companies are struggling to do this in a meaningful way. They’re prioritising marketing rhetoric over content creation, community building, and problem solving. This means that businesses are missing the opportunity to turn prospects into customers and customers into advocates. In this workshop, Text100’s Global Digital and Social Media Lead Jeremy Woolf will present the case for B2B social media and methodology for driving results. The delegation will then be split into four groups, each tasked with creatively responding to aB2B social media brief. Text100 experts will guide the groups, with each presenting their strategy back to the delegation.
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B2B Social Media – Moving Beyond the Hype
- 1. Social Media: B2B Moving Beyond the Hype iStrategy, London 26 November 2012 @jeremywoolf
- 2. Jeremy Woolf text100.com publicrelationships.blogspot.com linkedin.com/in/jeremywoolf @jeremywoolf www.socialmedia-mba.com @jeremywoolf
- 3. Social Media: Moving Beyond the Hype •Beyond conventional B2B comms • Engage directly with audiences, build trust and gather insight • Marketing rhetoric vs. content and community • Turn prospects into customers and customers into advocates •Buyers and their journeys •Workshop exercise •Skype! @jeremywoolf
- 4. “There's going to be an opportunity over the next five years or so to pick any industry and rethink it in a social way...we think that every industry is going to be fundamentally re-thought and designed around Mark Zuckerberg, CEO, Facebook people.” Mark Zuckerberg - World Economic Forum Annual Meeting Davos 2009, World Economic Forum, http://www.flickr.com/photos/worldeconomicforum/3488879012/ @jeremywoolf
- 5. 1. Who do you sell to? 2. How do they buy? @jeremywoolf
- 6. Buyer Personas @jeremywoolf
- 7. Meet Dave (Not his real name) BACKGROUND: • Head of IT in digital advertising agency • Worked at the same company for 10 years; worked his way up from senior systems engineer • Married with one child (11) DEMOGRAPHICS: • Skews male • Age 40-50 • Dual HH Income: £220,000 • Urban IDENTIFIERS: • Calm demeanor • Small team, jack-of-all-trades • Very active online @jeremywoolf
- 8. Meet Dave GOALS: • Support business goals • Reduce storage costs • Improve data access speeds CHALLENGES: • Getting everything done with a small, dispersed staff • Rolling out changes across the entire company • Keeping pace with innovation HOW WE HELP: • Offer storage and services via the cloud • Integration with existing systems @jeremywoolf
- 9. How Does Dave Buy? (Obligatory social media numbers bit) @jeremywoolf
- 11. He’s social @jeremywoolf
- 12. He’s hungry for content… Consumers gather 60% of information needed to make purchase decisions before contacting vendors @jeremywoolf
- 13. He’s hungry for content… Most tech buyers become aware of technology products by talking with their peers/colleagues (followed by industry influencers and web search) @jeremywoolf
- 14. He’s hungry for content… An average of 9 information assets are downloaded during the purchase process @jeremywoolf
- 15. Sales is evolving… 1950s - Sales teams find and persuade buyers, supported by 1990s advertising and public relations 1997 Buyers start to search online, find product information from multiple vendors 2006 Buyers start to confer with each other via online social networks Sales uses online tools to prospect, generate and qualify 2009 leads Sales uses social networks and diverse content to engage 2012 with prospects before they contact you @jeremywoolf
- 16. How do we reach Dave? • Relevant, useful and entertaining • Enhance social status • Reaction and fun • Connect him with peers • Enable participation • Direct behaviour by understanding and directing the buyer’s journey @jeremywoolf
- 17. The buyer’s journey RESOLVE AWARENESS Reduced cost of RETAIN customer CONSIDERATION acquisition PURCHASE INTENT ELECT Influence others’ DECISION buying journeys SELECT SUPPORT RECRUIT LOYALTY CREATE ADVOCACY @jeremywoolf
- 18. Content directs the buyer’s journey TRADITIONAL OWNED / SOCIAL EARNED PAID Announcement AWARENESS Tweet Third party blog Display ad release CONSIDERATION Case study Blog post Discussion forum SEM / SEO INTENT Whitepaper Video Q and A site Email offers DECISION Social support Survey Support forum Discussion forum SUPPORT platform LOYALTY Win release Guest blog post Third party blog Satisfaction survey Trade show P2P Advocacy ADVOCACY Video blog post Blogger site visit presentation Program @jeremywoolf
- 19. EARNED OWNED SOCIAL PAID Product / news Press release / Facebook / Banner ad press / blog case studies on Twitter Buyer: coverage website updates SEM • Realizes Case study Flash demos Quora / problem or media / blog LinkedIn Outdoor business need coverage Answer Blog posts responses • Doesn’t yet Broadcast understand Analyst papers Social games Landing page and Print solutions Feature articles competitions • Needs product about technology / Tip sheets Trade show and industry trends information • Commitment is Search Infographics low Content informs, demonstrates understanding of the problem and vendor expertise @jeremywoolf
- 20. EARNED OWNED SOCIAL PAID Expert Facebook / Speaking Free webinars interviews Twitter engagements Buyer: media / blog updates coverage Whitepapers • Performs Discussion SEM research Case study Podcasts forum / media / blog LinkedIn • Has determined coverage Group Telemarketing tech needs eBooks interactions • Asks more Analyst papers Quora / educated Spec sheets LinkedIn Review questions websites Answer responses • Email is Buyers guides frequently Expert preferred Gamification interaction in social channels • Commitment is Email from low to medium Content reinforces vendor suitability, sales rep and ability to solve problems @jeremywoolf
- 21. EARNED OWNED SOCIAL PAID Case study Free trials Expert media / blog interaction in Buyer: coverage social channels Product demos • Established Analyst Discussion ‘must haves’ outreach Consultations forum / • Price, quality LinkedIn etc. Group Spec sheets interactions • Narrow down vendors Product • Concerned whitepapers about missing details • Commitment is medium-to- high Content defines and meets custom requirements @jeremywoolf
- 22. EARNED OWNED SOCIAL PAID ROI calculators Expert interaction in Buyer: social channels • Compare Consultations vendors Proofs of • Detail is concept important • 4.2 technology products / solutions examined before decision • Commitment is high Content arms buyer to make / endorse decision @jeremywoolf
- 23. @jeremywoolf
- 24. Helping buyers buy: Ninefold EARNED OWNED SOCIAL PAID Website Twitter Foursquare Bar tab Trade show Sales engagement Proof of concept Case study @jeremywoolf
- 25. Helping buyers buy • Not usually a linear process • Cross over between phases • Many people involved in decisions • Buyers armed to sell products internally • Create relevant content for each person involved in the process • Deliver content where, when and how it will have the greatest impact on the buying decision • Understand the signals that indicate readiness to move between phases of the purchase process • Simplify the buying process for customers @jeremywoolf
- 26. Summary 1.Understand your buyer 2.Understand your buyer’s journey… 3.…and the content that helps them 4.Not all content is created equal 5.But it can drive decisions @jeremywoolf
- 27. Discussion @jeremywoolf
- 28. Jeremy Woolf text100.com publicrelationships.blogspot.com linkedin.com/in/jeremywoolf @jeremywoolf www.socialmedia-mba.com @jeremywoolf