3 Ways B2B Companies Can Leverage Social Media

February 14th, 2012 Nick Stamoulis Posted in B2B marketing, b2b social media, Social & Viral Marketing No Comments »

Social media is not just for B2C companies! In fact, some studies have shown that B2B companies are seeing better results with social media marketing than many B2C brands are. Here are three ways B2B companies can better leverage the power of social media to help their own bottom lines.

Use social media in conjunction with offline activities.
Social media is already a huge component of B2B tradeshows, with conference hashtags making it easy for attendees to stay up-to-date no matter where they are, companies live blogging during presentations and so forth. But social media marketing can be integrated into other forms of offline marketing like direct mail or local event marketing as well. Encourage customers (current and potential) to Like you on Facebook or follow your brand on Twitter even if they aren’t on those sites at that exact moment. You want to remind your target audience about your online presence as frequently as possible to make your message stick, even if they aren’t online when you tell them.

Build a bigger social network.
B2B companies shouldn’t just focus on connecting with existing customers via social networking sites, but also build social relationships with industry leaders, influencers and decision makers, and even competitors. You can never be certain whose influence will grow or wane over the year, and having a large social network greatly increases your chances of your messaging strategy reaching a greater percentage of your target network. Think about it like this—let’s say you’re target consumer is IT Directors for mid-sized companies. Instead of just trying to reach them directly, also focus on connecting with those who work with the IT Director like developers, managers, web designers, etc. These connections might be the first step to getting your brand in front of that IT Director.

Promote everything.
When I say everything, I mean just about everything. Have a webinar coming up next month? Send weekly tweets inviting your followers to signup (don’t forget the link!) for the next few weeks, then post the recorded webinar to your Facebook page for those who couldn’t attend. Use LinkedIn Groups to promote your blog content and post job openings or company news to your company page. Post links to online press releases, white papers, articles your company is mentioned in—everything that can give your network a reason to engage with your brand and build your online brand presence.

Remember that B2B marketing is driven by relationships. The sales cycle is much longer than most B2C interactions, meaning you have that much more time to build strong connections with your social network. B2B sales decisions are much less impulsive than most B2C purchases ($70k piece of equipment vs. $5 sandwich), so you’ll be spending a long time with your customers and staying in touch via social media.

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The B2B Buying Cycle Has Evolved – What Does That Mean for You?

June 30th, 2011 Nick Stamoulis Posted in b2b buying cycle, B2B marketing, b2b online marketing, inbound marketing, touch points No Comments »

When the recession hit, the B2B buying cycle was dramatically changed. Suddenly every penny had to be accounted for, every expense carefully analyzed, every cost evaluated. If it wasn’t necessary to the operation of the business, it was shut down. People couldn’t afford to be frivolous, with either their personal bank accounts or a corporate budget. When there is no easy money, there are no easy buying decisions. It almost felt like it was easier to get a mortgage than get hired by a new client!

It seems to me that when times get rough, marketing is one of the first things that take a hit. Campaigns are rolled back to the bare minimum, new ideas won’t be implemented because they can’t prove ROI, creativity falls flat in favor of cost efficient. But think of it this way, when companies are reluctant to open their coffers, how else are you going to convince them if you aren’t connecting with them? This is especially true for B2B companies. Many studies have said it takes at least 3 interactions with brand before you can get someone to convert. When you pull back on your marketing efforts, you are removing those touch points.

There are plenty of cost efficient marketing techniques that B2B companies (those who always had a small budget and those who had their budgets slashed) can employ to stay connected with consumers. Traditional advertising (radio, TV, newspaper) is expensive (and many claim ignored by the population at large), so many companies turn online. Inbound marketing is the process of getting interested and targeted consumers to come to you, instead of you going to them. Inbound marketing breaks down into three main categories: SEO, social media, and content marketing. While it takes a lot of time and manpower to handle these three techniques effectively, by large, they are free. It doesn’t cost anything to create a Facebook fan page or company blog, unless you hire a web designer to create a custom profile. Optimizing your site for SEO doesn’t cost anything and a few well-targeted PPC ads can be incredibly affordable and effective. Videos don’t have to be made with a Spielberg budget to be done well.

I was recently hired by a client to handle their SEO who had been a subscriber to the Brick Marketing Newsletter for over a year, they followed me on Twitter and had connected on LinkedIn, we had 3 one-hour phone calls, meet in person, they called four of my current clients, checked out Brick Marketing’s BBB rating and what kind of business awards Brick Marketing had won. Then, and only then, did they decide to use Brick Marketing. All in all, I think it took 6 months of actively trying to earn their business before I finally got the contract signed.

The main takeaway is that when you cut your B2B online marketing efforts, you are cutting down on the amount of potential touch points you have out there. The fewer times a possible client has to interact with you, the less likely they are to do business with you.

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