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The New World Of Digital, Content And Social Media Marketing And The Relevance To Indian Manufacturers

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The New World Of Digital, Content And Social Media Marketing And The Relevance To Indian Manufacturers

This is an introductory session outlining the reasons manufacturing or B2B services organizations should consider for diving into the digital, content or social world. It identifies some of the popular channels and various content options to consider. There is then, an exploration of how B2B Sales has changed with the influence of social media.

This is an introductory session outlining the reasons manufacturing or B2B services organizations should consider for diving into the digital, content or social world. It identifies some of the popular channels and various content options to consider. There is then, an exploration of how B2B Sales has changed with the influence of social media.

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The New World Of Digital, Content And Social Media Marketing And The Relevance To Indian Manufacturers

  1. 1. SOCIAL MEDIA & CONTENT MARKETING FOR BUSINESS Indo American Chamber of Commerce - Pune 19th January, 2017
  2. 2. • Introduction • Social Media for Business – What – Why • Introduction to some social channels and how they can be leveraged • Introduction to content marketing • How the digital and social world has changed the traditional Sales cycle. • The Entry Barriers Agenda
  3. 3. INTRODUCTION & BUSINESS REASONS TO ADOPT SOCIAL MEDIA
  4. 4. • 97 percent of online adults aged 16-64 say they have visited or used a social network within the last month. (Global Web Index) • 75% of customers say they use social media as part of the buying process. (Biznology) • 56% of engineers are in the second or third stage of the buying cycle before they make contact with a vendor, so they rely on digital resources (GlobalSpec 2013 Digital Media Use in the Industrial Sector) • 53% of manufacturing marketers say they are going to increase their content marketing spend over the next 12 months (Content Marketing Institute 2013 Benchmarks, Budgets and Trends report) • Seven out of 10 small- and mid-sized suppliers are engaging with prospects through social channels (ThomasNet) These NumbersTell a Story
  5. 5. “Social media” is the collective of online communications channels dedicated to community-based input, interaction, content-sharing and collaboration. Websites and applications dedicated to forums, microblogging, social networking, social bookmarking, social curation, and wikis are among the different types of social media. (WhatIs) – Online – Collection of communication channels – Input / Interaction/ Collaboration / Sharing Definition
  6. 6. • Marketing • Sales • Customer Retention • Customer Service • Employee Engagement • Business Operations – For purposes of this session we will focus on Marketing & Sales The Business Use-cases
  7. 7. What should businesses be doing on social?
  8. 8. • Social Listening – Real time insights – Customer sentiment – Drill-down to specific segments • Raise awareness of the brand, the specific problems they are solving – get their messaging seen by their target segments • Highly targeted advertising – More real-time metrics to measure – Much tighter targeting possible, much greater customization of message possible – Engaging with target segment – with intent (for eg. while they are searching, re- targeting etc.) What can businesses do on social media?
  9. 9. • Conversions – Higher quality of leads – since they are coming “with intent” – Engage directly with “decision makers” – Nearly 75 percent of companies that engaged in selling on social media reported an increase in sales in 12 months. (State of Social Selling in 2015) • Customer engagement – Promote 2-way engagement with customers / prospects – Gain trust – from content – Build a relationship – consistency of the experience across channels, in the offline world etc. What can businesses do on social media?....2
  10. 10. • Inbound traffic to website and other web properties – Google loves social media • Competitive Information – Benchmark against competition – Listen to what’s working for them – Engage directly with their customers / prospects on social channels – it’s all public • Visibility for content – Channel for sharing – Immediacy – for eg. offers & promotions What can businesses do on social media?....3
  11. 11. INTRODUCTION TO SOCIAL CHANNELS
  12. 12. What are the options? Wikipedia lists over 200 social media networking sites – an embarrassment of riches.
  13. 13. • Facebook • Twitter • LinkedIn • YouTube • Instagram • Pinterest • Mobile networking – WhatsApp, SnapChat etc. – And many, many, many more………. – We will focus on a few that are more relevant to the B2B Space The top channels?
  14. 14. Twitter • 317 million monthly active users • Generally younger, extremely mobile demographic • Most popular platform for “Influencers” - 84 percent of the world’s heads of state are active Twitter users. Users • Short, sharp updates, several times a day • Sharing content, engaging directly with influencers & decision makers • Live coverage of “Events” Usefulness • Largely for creating awareness of brand or for promoting some specific items - limited time offers, launches etc Advertising Engine • Crowded Timelines • Generating an action • Less developed ad model Challenges
  15. 15. LinkedIn • 106 million • 160,000 posts per week long-form posts generated weeklyUsers • Professional Network • Evolved from a “job seeking” network to a “content sharing” & “social selling network” Key Characteristics • Personal profile – professional networking • LinkedIn company page – website within LinkedIn • LinkedIn groups – join, participate or start, manage Main Areas •Less evolved ad model - trackability issues •Engagement Challenges
  16. 16. YouTube •Top social network •87% of the world’s internet users use it •2nd Largest Search Engine processing more than 3 billion searches per month Users •Largely, “How to” or explainer videos, event videos, corporate branding, viral content •Extremely integrated into Google’s ecosystem Key Characteristics •Hard to create quality videos •Hard to maintain regular cadenceChallenges
  17. 17. Facebook • 1.8 Billion active users • 1.66 Mobile usersUsers • Personal space • Highly visual • High virality Key Characteristics • Extreme degree of ad targeting possible Advertising Engine • Signal Vs Noise • Unsuccessful community • Less effective user generated content Challenges
  18. 18. INTRODUCTION TO CONTENT MARKETING
  19. 19. Why Content Marketing?
  20. 20. • Content marketing is a strategic marketing approach focused on creating and distributing valuable, relevant, and consistent content to attract and retain a clearly-defined audience — and, ultimately, to drive profitable customer action. (Content Marketing Institute) – Strategic – Creation & Distribution – Valuable content • Reflect Credibility & Expertise – Not try to sell (directly) Definition
  21. 21. • Textual – Blogs, In-depth Articles – Social Media Updates – Whitepapers, eBooks • Visual – Infographics • Multimedia – Webinars and Podcasts Types of Content
  22. 22. • Share knowledge and expertise • Establish thought leadership through educational content • Provide answers to questions • Get found on search engines Objectives
  23. 23. GE LinkedIn Update Objectives  Create content relevant for each platform  For example:  Twitter – Short, quick, current updates, ongoing conversations  Facebook – Highly Visual  LinkedIn – More professional and formal  Be active on relevant social channels with the right information  Be in the eye line of the target audience when they are looking for the information  Define the right frequency  Define the right tonality inline with your brand image  Maintain consistency Maersk Facebook Campaign
  24. 24. - Authoritative reports, more in-depth than blog - Address specific business issues in detail – depth of research, original point of view, invention / IP - Demonstrate technical knowledge or business information - Generally available on request - Good weapons to use for specific targeted campaigns Objectives
  25. 25. • Highly Visual • Establish Thought Leadership • Create Awareness • Drive Traffic • Start Conversations Objectives
  26. 26. • Generate awareness • Get qualified leads • Move the prospects up in the interest ladder Options - – Interviews with industry leaders on a specific topic – Product training – Quick tips – Panel Discussions Objectives
  27. 27. Leaving you with some thoughts
  28. 28. HOW SOCIAL MEDIA IS CHANGING THE SALES PROCESS
  29. 29. The Good Old Days
  30. 30. B2B Buyer Journey Image Courtesy :B2B Marketing Directions Awareness – Information Gathering Evaluation Selection
  31. 31. • 80% B2B Buyers confirm taking more time to research & 82% view more sources • Out of those in the industry using social media, 69% follow manufacturing companies, while 47% look specifically for product or industry news while they’re online. (Source @MazakCorp) • 53% of them said Social Media played a role in their purchase decision • 52% viewed 2 – 4 pieces of content before making a decision and a further 28% viewed 5 – 7 pieces of content • 83% of B2B Marketers use content marketing for lead generation • 81% of businesses report their blog as “useful” or “critical” to B2B Lead Generation • 65% of companies acquired B2B customers through LinkedIn in 2013…………….. (All stats from CMI & 2015 B2B Buyers Survey Report by DemandGen Report) TheTale OfTheTape
  32. 32. • No one likes to be sold to – everyone likes to Buy • Better informed prospects - sales person no longer the sole controller of information • Level playing field – your content as likely as anyone else’s to be “found” – Answer the Qs. target audience has • Direct access to decision makers – Engage first on social media & prove your credentials – warmer connection What Has Changed?
  33. 33. Shifting Sales / Marketing Boundary
  34. 34. Change Is InThe Air
  35. 35. The New & Integrated Approach Research identifies the area getting funding / budgets allocation - eg. Healthcare Cos. Content Creation: 1. White Papers / User Case Studies – for eg. “Training in Healthcare” strength 2. Email Drafts – “Cold” + “Nurturing” leads Contact Discovery / Database build up – for eg. companies in the “Healthcare industry” area or areas with comparable parameters Outreach – 1. Email campaigns to share content + offer introductions 2. Calling Campaign by Telemarketing” team Integrate into “Sales” process – 1. Follow up for “Leads” generated 2. Feedback Loop for responses received – inputs for Marketing / Content Social Media – start promoting the content in targeted channels – for eg. Healthcare Training focused LinkedIn groups Influencer Marketing – Identify Key influencers, decision makers and start tracking their social media presence + engage with them
  36. 36. • Create a perception of the B2B brand on social media that reflects the positioning – Social Media Strategy – Find and engage with communities of target customers – it’s a conversation • For example: LinkedIn groups – Leverage Content – Build an “Inbound” engine The Dawn OfThe Social Selling Era
  37. 37. It’s ReallyThat Simple! Image Courtesy: Boomity
  38. 38. • Getting started is easier than staying the course – Consistency & Quality • Content Creation for B2B is more difficult • Integration with Sales – Age-old sales process and practitioners – Where to integrate – breaking down the siloes. • Measuring the ROI – What to measure – What impact are you looking for The Entry Barriers
  39. 39. Thank You! @RadhaGiri radha.giri@i-midastouch.com @sanjeevnambudir sanjeev.n@i-midastouch.com

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