Friday, October 10, 2014

Repost: Four Cutting Edge B2B Social Media Marketing Best Practices

I like going back and reading some of my old posts. This one, from 2010, seems to stand the test of time.

How much do you think B2B marketing has changed in just the last four years...?

Original post:

Four Cutting Edge B2B Social Media Marketing Best Practices 

http://www.jeffmajka.com/2010/04/four-cutting-edge-b2b-social-media-best.html

Tuesday morning in Chicago, I was perched atop a 38 story building listening to four top corporate marketers talk about how they have responded to the twin challenges of a recession and the impact of social media. No, I didn't parachute in to some secret industry confab- I was attending the BtoB Magazine NetMarketer breakfast being held at the Hotel 71.

And lucky for you, I took some notes...

Belinda Hudmon- Director, Interactive Marketing, Broadband Mobility Solutions, Motorola

60% of sales for the Broadband Mobility Solutions group are in the government, enterprise and telecom markets. That's a heavy B2B focus. And like any good B2B marketer, she says that her main focus is to accelerate the sales cycle and support the customer relationshiplifecycle. I couldn't agree more.

In order to do this, she and her team have spent a great deal of effort modeling the interactive experience and developing content for each stage of the buying cycle. Motorola's strategic planning even includes developing personas for each market segment at various stages of the buying cycle.

Based on data Motorola collects from their web analytics and surveys, Belinda says that:

  • 68% of decision makers go to vendor sites for buying information
  • 66% of decision makers go to search engines for buying information
  • 69% of decision makers go to social networks for buying information

She points out that unlike in the past, they have been tracking and optimizing "off-corporate site" content to develop links and traffic.

As an example of this, they created an "shared experience" website to support event marketing that aggregated content related to a trade show along with corporate info and online product demos. The online demos drew 50% more activity than the in person demos at the show.

Belinda also gave a informative presentation at the Boston NetMarketing Breakfast, as profiled by my colleague Marc Hausman.

Steve Norman- Marketing Leader, Private Company Services, PriceWaterhouseCoopers

Steve presented a case study of his work. The recent financial crisis and recession has created a market for distressed banks, called FDIC assisted transactions. These transactions occur when medium sized healthy banks buy all or parts of bad banks that have gone into receivership at the FDIC (which is the government bank regulator). PWC is very interested in providing consulting and accounting services to the banks doing the buying.

The challenge is that PWC hasn't traditionally marketed to mid-sized banks and the transactions in question tend to coalesce rapidly and move quickly to completion. Speed is important. Identifying leads and moving them ASAP into a sales environment is the key to capturing these deals and driving revenue.

Stripping out any superfluous activity, Steve designed a lead generation program by creating and distributing content on American Banker magazine, in house webinars, amicrosite/landing page along with a Google AdWords program and an keyword optimized section on pwc.com. He can now identify hot leads by the number of hits across those sites and by driving traffic via email and Google to the landing page.

Recently, he had 500 attendees to a webinar, of which 50% were individuals not previously known to PWC. Using polls and surveys during the session, he was able to qualify those most likely to buy and pass them along to the sales team internally. The ROI? Due to the high fees involved, closing one deal pays for the entire program.

Kristin BockiusSLG Relationship Marketing Manager, Microsoft

In the interest of openness and transparency, it's probably worth pointing out that Microsoft is a client of Strategic Communications Group and we worked with Kristin from the beginning to develop, execute and improve the program she presented.

The challenge when marketing to state and local governments is varied and disparate nature of the market. Although 40% of Microsoft's revenues come from the big four states of California, Texas, Florida and New York, that leaves a massive amount of clients and prospects to be communicated with across 46 states.

Due to the challenge of reaching out to this market, it became clear that social media was going to be a central part of any marketing plan. Rather than attempt to build a complicated social media platform right off the bat or just tactically start "doing stuff", she began by developing the strategy that all activity had to support one main brand, "Bright Side of Government." Due to the sheer number of products Microsoft offers, its important to give government IT professionals an organizing idea and position Microsoft as helping them interact with their peers, share best practices and learn how to better support their government entities' missions.

As Kristin rolled out the social media program, the following channels were created...

1. Government Star YouTube channel for user generated content
2. @Microsoft_gov twitter account for information distribution and stakeholder engagement
3. Bright Side of Government blog as a platform for more thought leadership type content
4. Bright Side of Government digital dashboard to aggregate content from various social media channels into one entry point
5. Bright Side of Government Facebook page to distribute content into this important social network

Lastly, in an announcement picked up by several news organizations, Kristen unveiledGov2Social, a Web site where visitors can find state and local government officials using social media. Here is a clip from Government Technology magazine:

Microsoft is counting on users to input their government's social media usage on the website in order to populate it. It's been seeded with as many as 500 pieces of information and is now open for visitors to add more or edit existing entries.
Kristin Bockius, social media marketing manager for Microsoft SLG, said the company believes the website will fill a niche for those who are seeking a directory of social media activity in the state and local government. "We really want to use this site to show how many SLG agencies as well as individuals are using social to reach out to citizens," she told Government Technology on Tuesday.
When the website is populated with enough data, it will be possible to analyze what the top 10 states and cities are for social media, and so forth, Bockiussaid, "so you can start to figure out what sort of agencies it does and doesn't work for as well as who's the best at it."

In future weeks, the website will add podcasts, analytics, examples of highlighted case studies and best practices, Bockius added. The company may also add data on social media usage to the website for the federal government and worldwide governments.
And to be included on the site, a government doesn't have to be a Microsoft customer. "It doesn't matter what tools they're using," she said. "We're just trying to get the word out and trying to get people to use the social media and highlight some of these cool ways they're doing it."


Jody Yeganeh- Senior Director of Marketing, Lawson

Lawson is a distributor of maintenance and repair supplies. Yes, like fasteners and screws. But with $400MM in revenue and publicly traded on the NASDAQ, Lawson is a very successful distributor. Judy's role is to support a massive cadre of 1300 independent sales representatives. These sales reps are generally deep in the trenches, meeting with buyers on loading docks, shop floors and repair departments.

While objectives like brand presence, web traffic and engagement across a variety of channels is important, supporting the sales force (and the huge catalog of products available) with engaging content is a key challenge. Customer videos, product demos, etc are routinely created that are valuable content to the buyer while supporting Lawson's main messaging of "Smarter Maintenance" and "Think Beyond the Bin."

Segmentation is a key part of the process to make sure the right kind of content goes to specific sub-groups of buyers. Jody says listening is important- Analyzing web traffic, Google alerts and email response rates tell her how successful a video is doing.

Friday, October 03, 2014

Is Friday the Best Day for Press Releases?

Interesting blog post here:  Could Friday be the Best Day to Publish Your Tech Startup’s Press Release? Benn Stancil — Chief Analyst at Mode

PR people have been arguing about this forever. Online, stories are posted anytime, so the day of the week might not be that important. However, a lof of publications still have mid-week deadlines, which means that the reporter is likely going to be busier those days working on stories.

However, it's also interesting to note that the data in the above story is from when Crunchbase publishes a funding announcement, which is obviously 1-3 days after company sends out the press release. The author didn't really address that lag.

Still, interesting to read a data-driven analysis about public relations results.