Buyers sit squarely in the drivers seat of the purchase process - with steering wheel in-hand and a foot on a pedal (brake OR accelerator). They are busy and driven to distraction by information overload. What is a B2B marketer to do? Four simple ways to improve the performance of your content marketing:
1. Remember that B2B prospects are people too. Your content needs to catch their attention; even entertain them. Surprise them with a little humor, creativity, or something unexpected: a. If a picture is worth 1,000 words, then consider an infographic or short-video clip instead of a traditional 14-page whitepaper. b. A little humor has the potential to increase the share-ability of your content. I forwarded Eloqua’s Juan Eloqua series to many of my marketing peers. 2. Repurpose your content into different mediums and smaller “bites”. For example, take sections of a webcast and publish them as short podcasts. Prospects may not have an hour to invest in a webinar but they may give you 15 minutes for a podcast. 4. Identify the next step for your prospects. Don’t close the door on future engagement. In other words, make sure to point your prospects to other marketing content, groups, and sources of information as they educate themselves.
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Content marketing has evolved as a critical component to support the B2B purchase cycle. B2B marketing, in contrast to B2C marketing is characterized by:
1. Longer purchase cycles than B2C 2. Requiring more content to support the decision - as making a purchase decision for a business is riskier for those involved. Making the wrong choice can cost an organization in many different ways. A poor decision could cost a decision maker his/her job. 3. Multiple people who influence the purchase decision Content Marketing became increasingly critical as organizations implemented Marketing Automation Tools such as Eloqua, Marketo, and Pardot in the past decade. The success of these tools is dependent on leveraging a library of marketing content. Operating under the old mantra “Content is King” marketers published webinars, podcasts, white papers, case studies and comparison guides. The purchase process of B2B prospects is changing dramatically: 1. Recent research by TechTarget shows that the IT B2B sales cycle has shrunk significantly in the past year. Implication: · It is imperative to deliver marketing content to support a compressed purchase cycle. 2. Usage of mobile devices as tools to research and to stay connected via social media (LinkedIn, Twitter, Facebook) has exploded. Prospects are more connected and dependent on their social media groups. Implications: · Content needs to be available in smaller bites and optimized for smaller screens. · Content Strategy needs to be designed to engage prospects - not just educate them. 3. Prospects are deluged with marketing content and are increasingly: · Adept at tuning out marketing messaging. · Seeking unbiased content shared by peers or influencers (via Twitter, LinkedIn Groups, Blogs) · Making purchase decisions based upon what others are saying (versus outbound marketing messaging). Implications: · Existing customers are your best sales people. Exceeding their expectations goes a long way in earning their support. · Marketing Content must be worthy of sharing. · Products/solutions must meet customer expectations - because more than ever before, they will be evaluated and judged in open forums. The race is on. B2B marketers must evolve their Content Marketing Strategy to compete. The word “Lead” is tossed around in every sales and marketing organization. Generally, there is agreement on what a lead looks like in terms of industry, business type, job title, company size and ideally – a big budget. Demand Generation and Inbound Marketing teams work to generate a flow of new leads to feed the marketing funnel. There are times when the sales team complains that they need new leads. A common response to this issue is to buy a list of “leads”. These “leads” are passed to the sales team for cold calling. The results of these campaigns can usually be described as abysmal and a complete waste of time because:
1. These lists do not include leads. They are lists of contacts based on simple demographic (job titles) and firm-graphics (industry, company size, type-of-business). A lead is much more than a job title at the right company. Simply stated – a lead is a hand raiser who has indicated they are seeking information to solve a problem that you can help with. 2. Contact information is generally poor due to the economic downturn causing so much volatility in the workforce. The results from the above described investment in cold-calling a list often involve: · Finger pointing between marketing and sales · Wasted time · Wasted marketing budget · Frustration Take 3 steps to avoid falling into this trap: 1. Create consensus between marketing and sales on the definition of a lead. At the highest level, it is important to define a marketing qualified lead by the types of solutions the lead is researching. At some point in the purchase process, figure out what makes a lead “sales qualified” and ready for personal follow-up. Ultimately, a full lead scoring system can be developed to integrate both marketing automation and CRM systems. 2. Figure out the average number of sales touches (X) that were required to convert a lead to an opportunity for your business. The average number of touches is likely to be higher than you think (easily 5-10 sales touches). It will vary by company, product type, sales cycle, etc. Task your sales team to reach out to every single lead at least X times before they bother with cold-calling contacts. 3. Arm your sales team with educational content and recommend places to find real leads. When they have time to cold-call – encourage them to engage with leads that are seeking solutions via forums, twitter, and online communities. |
AuthorPhyllis Stewart- Archives
April 2015
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