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Measure Value, Not Activity

30 Aug

Are You Measuring the Right Results?
Business People Meeting Growth Success Target Economic Concept

Open rates, click through rates (CTRs), and conversions are just a few of the metrics most B2B marketers tend to use when determining the results of their work. But are those really the best metrics for determining success?

According to new data from Forrester, not necessarily. More and more B2B marketers are now struggling to tie these results to revenue. The truth is that while the metrics described above do a good job in a vacuum of helping marketers determine whether their marketing is working, they don’t necessarily shed light on whether or not the marketing efforts are generating real dollars for the business as a whole.

Increasingly, it’s not just CMOs who are looking at marketing results, it’s the CEOs. They want to see a direct correlation between marketing spend and sales generation. If the numbers don’t work out, then the marketing department or creative agency might not work out either.

Despite the demand for revenue-based results looming above them, B2B marketers are still struggling to deliver these types of results. So what is complicating their efforts? According to the article, there are several main challenges:

  •  Internal data is difficult to collect, connect, and analyze given the silos that exist in many workplaces.
  • Too much data! Marketers have access to more than ever before, and sometimes it is difficult to cut through the clutter.
  • Marketers aren’t always “numbers people.” Think of the best ones you know—they’re usually creative types who may not have developed the analytical skills necessary to excel—no pun intended.
    Marketing is a subjective field, but by looking at the right numbers and presenting them to the right people, B2B marketers can convert numbers into usable information that can drive real results for the business. (For some fabulous tips about presenting results to others, read this blog by an account service professional at ER Marketing, Matt Bartlett.)

Testing subject lines and measuring open rates and CTRs is great, but only insofar as it improves your approach to your marketing goals. If it helps you fine tune your approach, all the better. To prove your worth as a B2B marketer, you need to start measuring the value of what you do, not just the activity.

To read the full article about the Forrester findings, click here.

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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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Take Your B2B Offense Up A Notch

8 Jul

How to Create Effective Presentations and Repurpose Content

Home Run

I am a big Kansas City Royals fan, and I love the game of baseball. The other day while I was watching a game, I realized just what it was that made the Royals such a relentless team. Although it may be better known for its defense, the Royals are also known for keeping the line moving on offense and putting the ball in play. This had me thinking about how the approach to putting out content can be very similar in strategy.

Today’s B2B marketers are faced with an increasing amount of presentations and content that they have to create in order to match the efforts of competitors. In fact, 76% of marketers will produce more content in 2016 than they did in 2015. With such a high rate of content being produced, your audience is looking for digestible content that will hook their interest and keep them engaged throughout your presentation and their experience with your brand. In this post, I will explore how keeping it simple, having a direct call to action, and repurposing content can enhance your marketing strategies and make you an all-around smarter B2B baserunner.

Getting On Base:

Whether it’s by bunting, hitting a single, or simply being selective with pitches and getting walked, the most important thing is to get on base. Simplifying your message is one of the best practices when presenting, and is sure to get you out of the batter’s box and on to the bag. You want to avoid overwhelming your audience with too much information on one slide. Keep your points direct and simple, allowing only a one point or two per slide to stay on message. This is key because your audience will process information in an organized sequence that will help them to understand your most important points. In fact, during his presentation for the iPhone, Steve Jobs only used 19 words in 12 slides, resulting in one of the most memorable and effective sales presentations, landing him in the metaphorical presenter Hall of Fame. While it is proven that visuals increase retention levels, visuals should only be used to illustrate a point and not just to fill space. It is okay to leave some whitespace, as you do not want to distract your audience from the message’s main takeaway.

Stealing Second:

Any good baserunner will tell you that reading the signs is crucial. Reading your audience is as important as timing the pitcher’s throw to home, and with the average attention span being only 8.25 seconds, you have only a short window to hook their attention. The best way to keep your audience engaged is to end each presentation with a clear call to action. Implementing a strategic ending is crucial and your strategy should adjust to get your audience engaged with your brand. For example, on a webinar I gave recently, I used the last slide of the presentation, which would normally consist of a thank you message, to advertise one of ER Marketing’s whitepapers with information on how to download it. This slide was effective because it stayed on the screen throughout our entire Q&A portion of the presentation, and converted a lot of attendees into people who downloaded and subscribed to our content. By using this slide as a direct CTA, we took a usually worthless slide and converted it to a runner in scoring position.

Taking Third:

Not every piece of content needs to take you from first to third; in fact, in most cases your past content already has you half way there. Since the need to constantly keep turning out content to keep your audience engaged is rapidly increasing, consider modifying and recycling some of the content you used in your presentation. This will add value to your marketing and further drive home your message. Repurposing your presentation can be something as simple as taking information from your presentation to create a more in-depth whitepaper or using video during the presentation to upload short highlights for your company’s website. You can also repurpose titles and headers from your presentation for Twitter posts with links to a related blog your company has written in the past. The combinations are endless.

The Home Stretch:

Home plate is in sight and you’re getting a good lead down the line, but don’t forget to take into consideration whether or not you will need to go back to tag third. When repurposing content, not only is it important to consider the medium that you want to use, but it is also important to recognize that content needs to be optimized for mobile viewing. According to KCPB, mobile digital media time is now greater than time spent on a desktop. It was also found that more people are viewing email on mobile. It is clear that mobile can no longer be treated as a separate channel, because most of your audience will be interacting with your content through mobile digital experience. Keeping a consistent experience with your content on both mobile and desktop will get you sliding into home safely.

While content and presentation curation may seem daunting, just remember to keep it simple and direct in order to drive home your messaging. As George Brett said, “When you get in that situation you simplify the approach…you play as hard as you can, win a game and come back to play another game.”

For your next presentation or webinar turn to these content tips, or visit ermarketing.net.

 

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Concoct the Perfect Recipe for B2B Personalization

21 Jun

B2B Buyers Seek Personalization Efforts

B2B_mix

It is no secret that personalization is essential when marketing to B2C buyers. In fact, according to a recent article, 80% of marketers believe personalized content is more effective. So then why is there a lack of personalization within B2B marketing? This is something that those in highly personal industries (like building products) must especially consider. One of the biggest challenges facing B2B personalized marketing is that there is no perfect recipe consisting of equal parts strategy, data, and technology usage. But as someone who knows a thing or two about making concoctions, here’s one that virtually any B2B marketer can use:

Take 1/3 Parts Strategy…

It is important to keep in mind that B2B buyers have different needs and desires than that of B2C buyers, and therefore they need to be approached differently. B2B buyers are more understanding as to how the industry works, and they are looking for transparency and recommendations, as well as content that will educate them and solve a problem.

According to an Accenture survey, 54% of B2B buyers want personalization and “personalized recommendations across interactions.” This allows you to establish a relationship with your client before a sale even takes place, creating loyalty amongst clients.

No matter how flashy your marketing ploys may be, they won’t mean anything to a customer if they don’t have a need or desire for it. Knowing your audience and their demographics, purchasing behaviors, motivations, and location can change how you garner content for each client.

Add 1/3 Parts Data…

To help capture useful data and to better understand your target audience, you can create a brief survey for them to fill out. When personalizing content for B2B buyers, including data attributes such as their name, company, and role within their company can be the deciding factor in whether or not your client is initially engaged. This can also be helpful when generating leads or creating a personalized lead-nurture campaign. It can even help you tailor emails to those specific buyers and even include imagery and links that will create a personalized touch.

Mix with 1/3 Parts Technology…

While content and strategy are essential to personalization, so is technology. According to Rapt Media, 94% of B2B buyers say better content technology is crucial to creating personalized content that is measured and optimized. So what does that mean? Technology can be used to simplify your company’s message and can be used across different platforms that relate to your audience. For example, content from whitepapers can be repurposed for short, digestible videos and then the audio from the video can be used to make a podcast for clients who don’t have the time in their day to watch a video.

Shake Well and Serve

Granted, my preferred concoctions usually involve a shaker and a cold glass, but the perfect personalized B2B marketing campaign can taste pretty satisfying. And with a fresh strategy that is geared toward B2B buyers, you can satisfy your customers’ needs while also gaining new revenue and retaining reoccurring revenue. All you need is three ingredients and a shaker.

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