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Top 5 B2B Social Media Marketing Myths

26 Jul

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Social networking is a large part of most people’s lives. But we don’t always know how to make it a part of our lives as B2B marketers. If you are not on social media or if you are not having strong results, you may have fallen prey to one of these common social media myths.

  1. Social media marketing isn’t for B2B. 

There are social networks that are expressly for B2B communication, such as LinkedIn, SlideShare and, to a lesser extent, Quora. There are also social networks that you should consider just because they are a huge part of most people’s day-to-day lives, such as Facebook and Twitter. Remember that businesses are made up of people; go to the networks your people are most likely to be on and you will find a way to connect.

  1. You need to be on every network.

Joining every social network that comes up will lead to burnt out employees, too much money spent networking and not a lot to show for it. Every network is different and has a different audience. LinkedIn is a place where professionals gather. Quora is a good place to hang out if you have a lot of knowledge to share about your industry. YouTube and Instagram are great for sharing visual content. There are many customers for building materials on Pinterest. Pick two or three networks and work on building out robust presences there. Don’t worry about the rest.

  1. It’s never okay to automate.

Automation can give you a chance to connect with people who you might not otherwise reach. If you have an international customer base, automating a few posts to show up while you are in bed and your prospects are up and at the office or job site can mean access to people you might otherwise miss. Automation can also allow you to keep posting consistent even when you are away from the office or otherwise tied up with other tasks.

  1. Automate everything!

It’s easy to go too far in the other direction. Have you ever posted on Twitter and immediately been hit by an @ message from a Twitter bot triggered by a phrase you used? No one else likes this any more than you do.

  1. Social media marketing doesn’t work.

Every year, hundreds of think pieces come out claiming that social media just isn’t the place for business. The figures prove these people wrong. According to HubSpot, two out of three companies with a presence on LinkedIn have gotten a customer from there. Businesses that use Twitter have twice as many leads as those that don’t. The benefits of a social media presence are measurable and powerful.

Social media marketing success does not come overnight. It can take a while to find your niche and your audience on social media. When you have gotten into the groove, you will find that you have better relationships with customers, a better-known brand and more business by using social media well.

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3 Tips for Using Video to Market Building Materials

21 Jul

Film Industry

Video can be a highly effective element in your digital marketing efforts. Why try to tell your customers about your building products when you can show them? Technology is also driving the trend in video. With more and more customers accessing the web through mobile, video has become increasingly important.

To get the best results, keep these video marketing tips in mind:

  1. Choose the right length for the medium and the customer.
    Videos that are too short may not provide enough information. When videos are too long, there is a risk of prospects getting bored and navigating away before they are finished. Videos intended for prospects new to your brand should be short. Experts say that videos for Facebook should be two to three minutes. On YouTube, you can gain traction with videos anywhere from one to five minutes in length. To reach customers further down the sales funnel, try in-depth videos that thoroughly explain the value and applications of your products
  2. Get to the action quickly.
    You only have seconds to gain prospects’ interest. Instead of starting with a long introduction, consider jumping straight into the action. Begin with an arresting visual or a surprising fact about your product. By drawing people in quickly, you get the chance to keep them watching and convince them to check out your brand.
  3. Use a mix of video types.
    How-to and explainer videos can show your customers how your products perform in the real world. Testimonial videos allow your prospects to hear for themselves what your happy customers have to say about your products and services. Product showcase videos allow your customers to get a better look at what you are offering than they can get with still photos and text descriptions. By including a range of types of content, you can give prospects more of the information that they are looking for.

Video gives you a chance to connect with busy professionals who don’t have the time to read marketing materials or who prefer to get information in an audio/visual format. By adding this type of content to your marketing mix, you can reach a wider array of prospects and show them just how your products can work for them.

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Swim Against the Tide

14 Jul

Avoid the Trendy Inbound-Only Approach

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Although inbound marketing has become quite the buzzword recently, B2B marketers need to strengthen their outbound marketing efforts for lead generation as well. Inbound marketing can be a great tool for short term results, but the only way your organization can generate successful leads is if you have a balanced combination of both inbound and outbound marketing efforts.

According to a report from Act-On Software and Demand Metric, B2B marketers should focus equally on growing their inbound and outbound marketing tactics in order to optimize their revenue. With 43% of revenue generation coming from outbound approaches and 41% coming from inbound approaches, it is quite clear that marketers cannot solely rely upon the trending inbound efforts.

When used correctly, inbound and outbound marketing efforts complement each other and support one another at every step. Outbound tactics make your presence known, and its content motivates leads to invest in a professional partnership with your company. It can allow you to approach anyone within an organization and target influencers within the company. Inbound creates fast results and a clear path to brand visibility because it encourages new leads to come to you; however, they may not have the same level of influence as those approached in outbound tactics.

The combination of inbound and outbound is preferable to simply choosing one approach, because they lend strengths to one another. Outbound efforts require a higher level of research in order to identify customer profiles, which can come in handy when dealing with inbound leads. Conversely, inbound marketing content can be recycled for outbound strategies and repurposed to fit specific customer profiles. This will further engage your outbound leads, and make them feel that you understand their wants and needs with fresh content instead of staunch and more traditional approaches.

Your inbound and outbound marketing mix will depend on how your consumers behave. Some strategies may rely more heavily on lead generation through inbound efforts with a coupling of outbound. Other, larger companies may rely solely on outbound. Some are now looking to incorporate new strategies to keep up with changing demands of the market. In today’s market it is a poor decision to neglect one approach for the other, instead of having a balance of each because the market is seeking more thoughtful and personalized information. This will also effect increased ROI challenges for marketers as the market becomes more competitive and fragmented.

To find the right marketing mix, you must first understand the need. With many B2B marketers growing more towards account-based marketing, outbound efforts will play a more important role than it has been given credit for recently. The way in which outbound will be used, however, will be more direct and original than more traditional, aggressive sales tactics.

Inbound marketing has by far set the standard for personalization and catering to your leads wants and needs. It allows for you to leave them wanting more while also informing them of what they need to know. Whitepapers, emails, and social media content has allowed for more approachable lead generation efforts, but again will be most effective in the long-run when paired with outbound tactics.

While inbound lead generation is the “next big thing,” there have been clear advantages that outbound efforts have proven to turn into revenue. Since we have recently seen success in different and more direct outbound tactics that have led to converting leads into new client relationships quickly, this challenges the notion that only inbound efforts will bring new leads into the sales funnel. Since there is less pressure applied and the viewership is more spread out, inbound is excellent at nurturing new leads, but it is not necessarily faster than the efforts of outbound lead generation. The important takeaway is that a balance of inbound and outbound marketing tactics will provide a more well-rounded lead generation strategy.

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Book Review 3: The Fred Factor (Part 2/2)

12 May

4 Steps to Find and Develop “Freds” in Your Organization

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I recently wrote a blog post on Mark Sanborn’s book, The Fred Factor. While that post focused on explaining what a Fred is (long story short: a passionate employee who delivers an extraordinary customer/client experience) and how to identify one, this blog post will dig into how you can find and develop Freds within your own organization.
But first, why go to the effort? Quite simply, Freds—the most passionate people in your organization—are different. They do ordinary things extraordinarily well. Not surprisingly, Freds are also generally happier because people doing good work feel good, and people doing exceptional work feel, well, exceptional.

Sanborn uses the acronym FRED to explain how to develop “Freds”:

  • Find: There are three main avenues for finding Freds within and for your organization:
    1. Let Freds find you. If you really want your company to be world-class, it must become the kind of place that attracts Freds. To accomplish that, you must empower the Freds you have so their impact will be felt not only in the work your company does externally, but also in your internal culture.
    2. Discover “Dormant Freds.” There are many employees, also known as Dormant Freds, whose inner Fred has yet to blossom. To find them, watch for people that do things with flair (not to be confused with showing off or trying to attract attention)—an exceptionally well-done project, an elegant client meeting, or a clever suggestion are all possible tip-offs that a Dormant Fred is hiding in plain sight. Here are some questions to ask yourself about a potential Dormant Fred:
      • What do I remember about this person?
      • What’s the most extraordinary thing he or she has ever done?
      • How badly would this person be missed if he or she left his or her current position?
    3. Recruit and hire Freds. When you have exhausted your internal Fred pool, you may have to look externally to find them. Here are some great interview questions to find those prospective Freds:
      • Who are your heroes? Why?
      • Why would anyone do more than necessary?
      • Tell me three things that you think would delight most customers/clients/consumers.
      • What’s the coolest thing that has happened to you as a customer?
      • What is service?
  • Reward – Implement a rewards program to make sure Freds are recognized and appreciated, even if you are only recognizing good intentions and not a good final result. While nobody likes to fail, it is important to encourage employees to take chances. When people feel like their contributions are unappreciated, they will stop trying. And when that happens, innovation dies. My company, ER Marketing, recently implemented an award system in which employees nominate each other for exceptional work and attitude. This is meant to encourage employees who live up to the ER Marketing values of Curiosity, Respect, Accountability, and Performance (yes, we know what that acronym spells) with peer and management-level recognition.
  • Educate – Find examples of “Freds,” (both inside and outside of your organization), analyze those examples for commonalities that others can learn from, teach others to act extraordinary everyday—not just when there is a crisis—and set an example (invite others to act similarly).
  • Demonstrate – Set an example by inspiring, involving, initiating, and improvising. Here are some ways you can set an example and inspire employees to better serve your customers, vendors, and fellow employees better:
    • Inspire, but don’t intimidate.
    • Involve by creating a “Team Fred” of leaders in your organization.
    • Don’t wait for the “right” moment. It will never come—you have to make it.

One final, important thought from the book: Pull, Don’t Push. You can’t command someone to be a Fred. You can’t require someone to practice the Fred Factor. Command-and-control short-circuits the spirit of the Fred Factor, which is about opportunity, not obligation.

Invite people to join you. The most powerful tool you have to spread the Fred Factor throughout your organization is your own behavior—the example of your life and the effect it has on others. The best “Freducators” are themselves Freds. As John Maxwell says, “You teach what you know, you reproduce who you are.”

 

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When Selling Building Products, Opt for Simple

21 Apr

Lessons Learned from the 2016 ISC West Show

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As building products marketers, are we overcomplicating things? Do we consult with people down the channel—including customers and even our own sales teams—to make sure we are delivering the best information in ways that are easy to consume? Most importantly, who can we look to for simplification inspiration in the building products industry?

I recently attended the 2016 ISC West Show, the largest security industry trade show in the United States, with technical reps from more than 1,000 exhibitors and brands in the security industry. While there, I explored and learned about the rapidly growing segment of the connected home and the integration challenges of hardware and software in the security and door hardware industry.

The attendees of the show are typically security dealers. They sell in consumer homes, similar to a lot of building materials products. And, like a window or siding rep, they have to “win the kitchen table” if they hope to sell their product effectively down the channel.

One of the tours that did a great job of demonstrating how to “win the kitchen table” based on their product offering was the Tektronix® Connected Home booth. There, I learned how their integrated system connects the video doorbell to the alarm, the sprinklers, garage door, network-boosting light bulbs, and so on. Obviously, Tektronix is not the only company doing this, but for manufacturers not thinking about what homeowners want, this is where they need to start looking.

What I found amazing was one of the final items on the Tektronix tour, which displayed their “upsell kit.” It’s what a marketer might call a sales rep kit or in-home kit. Over the years, we’ve probably created dozens of these for clients, ranging from somewhat basic to very complex and expensive to produce. You’ve likely done these as well.

The upsell kit Tektronix showed at their booth is their most requested and used of all time. So what makes it unique? Triple fold-out panels with a wiring schematic that integrates all the cool features? Maybe some electronic component that connects via Bluetooth to the reps phone?

Nope. It’s simply a printed image of all the pieces that might normally go into the kit.Unknown

Yes, you read that right. The sample kit doesn’t have physical samples. It has pictures of them and a call out image on the inside flap of the box. It’s very light, so it’s easy to carry. It’s very cheap to produce so dealers can have several of these for all their reps.

These are home security items—technology items. These are items that protect the homeowner’s family. But even with all that, they don’t require a physical sample. I realize they aren’t picking a color or finish, but compared to what most in the building products industry have always done, many might consider it a “fake” sales kit. But for Tektronix, it works well—and suits both their customers’ and sales teams’ needs just fine.

So, I’ve challenged our team and I’m challenging you to think about this when developing your in-home sales kit and other sales enablement tools. Have you talked to the dealers to see what works or why they don’t use one item or another? Have you ever tried a completely different approach? Have you asked why your company does it that way?

And most importantly, have you asked yourself if there is a simpler way to do this? That’s what drove this change in their upsell kit. We can do this too—find things to simplify in our increasingly complex lives, both as people and as marketers.

 

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