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Many businesses turned to email to connect with their customers when pandemic measures sent so many people online. Now with increased privacy concerns for marketers and a need for joined up omnichannel marketing, email is about to be catapulted back into the limelight, finds a new report.

Email marketing in 2022 is more important, more integrated and more mature than ever, but email marketing teams still need to be faster, more efficient and better at personalization. Meanwhile the biggest concern marketers face – privacy – is also email’s biggest opportunity.

That is the snapshot of the discipline provided by a new report, Email In 2022 – The Trends, Behaviors & Benchmarks Driving Email Forward, published by email sending and deliverability platform SparkPost.

The report puts email’s growing role in the context of the recovery in business activity. It found almost a third (63%) of marketing leaders globally saying their budgets reflect pre-Covid levels. However, the pandemic has left its mark. Priorities are shifting, says the report, in that advertising and wide-net marketing efforts are too much of a gamble for organizations. Instead, businesses are investing in branding, CRM and email marketing. Content remains as high a priority as it was last year.

Email shines during lockdowns

Businesses certainly turned to email when pandemic measures sent so many people online.

“Email became a critical tool for organizations of all kinds to contact various stakeholder audiences with the combination of flexibility, speed, precision, and low cost not available through other modes of communication,” says George Schlossnagle, email evangelist and founder of SparkPost.

This crucial role continued into 2021. Three-quarters of marketing leaders (76%) say their email marketing program made a positive impact on the business in 2021, compared to 58% in 2020. And email’s increased importance is reflected in a greater maturity in the way it’s measured. Almost three-quarters (70%) of leaders said they changed the way they measure email marketing last year, compared to half (51%) who said the same thing in 2020.

Just as importantly, the pandemic also accelerated the integration of email with other marketing channels. Almost everyone who took part in the 2021 survey (95%) said their email marketing was aligned with other marketing disciplines, compared to half the respondents in 2020.

Intriguingly, this acceleration has happened despite the massive switch to remote working at the same time. Despite the fact that only 10% of the world’s companies are fully back in the office, almost everyone surveyed said collaboration is the same or better (98%) and that communication is the same or better (96%) than they were before remote working became a necessity.

Greater integration also ties in with the growing importance of an omnichannel approach to marketing. This means talking to customers on the channels they prefer and breaking down the silos between channels in order to deliver a coherent, consistent customer experience across every touchpoint. This is ‘absolutely the future of marketing’, the report says, particularly with the impending demise of the third-party cookie and the rise of first-party data.

The future is private

Indeed, privacy and data are the biggest concerns for email marketers in 2022.

“What we’re seeing now is only the beginnings of a paradigm shift that will continue to drive marketers to rethink data collection and usage practices,” adds Schlossnagle. “Changes in privacy regulations and a shift in consumer perception of personal data are big factors in marketing leaders’ commitment to investing in earned and owned marketing channels.”

The report found that the biggest concerns for respondents were the fear of existing digital marketing assets being unusable in the future; the threat of having to overhaul existing systems; and the need to re-do things from scratch.

More specifically, email marketers are most worried about Apple’s iOS 15 changes (a medium to high concern for 81% of respondents), Google’s third-party cookie tracking (77%), and government regulations and the deprecation of app tracking data (both 72%).

Email returns to centre-stage

Despite these concerns, the report predicts another impact of these changes will be to thrust email marketing even further back into the limelight. Companies leaning more heavily on first-party data and on the channels that are closest to their known customers – like email – creates an opportunity to build better profiles. In turn, these will drive longer term loyalty and engagement, leveraging audience behaviour on the company’s own website or app.

Email has the ability to be the glue between consumers and brands.

“The demise of third-party cookies puts a tailwind behind channels that leverage first-party data – email being the most pervasive,” says Schlossnagle. “We should all be gearing up for more investment in email and SMS because owned data is about to be more valuable than ever.”

Budget pressures demand greater efficiency

All this talk of a bright future for email marketing comes with a downside. The resources to support all this extra work haven’t necessarily arrived just yet. Two-thirds (69%) of leaders say their teams are busier than ever, but only 5% of respondents report having higher budgets in 2021 compared to 2020.

The result is even greater pressure for marketers to be more efficient – email marketers included. It’s one reason for the push for closer alignment of channel teams. Another effect is the increase in the proportion of companies bringing email marketing in-house. In 2020, just over half (55%) of leaders said they relied on agencies for their email marketing. Last year that fell to under a third (29%).

In addition, one of the key trends identified in the report is the increasing use of email design systems. These are pre-created and optimized selections of HTML templates. As the report explains, all the coding is done before marketers start creating an email – which means you can crank out high quality emails quickly. But it also notes that ‘there are clear opportunities for faster, more intuitive martech solutions, streamlined email marketing processes, and improved collaboration between stakeholders within the marketing team.’

One thing is clear. Email has long been seen as boring and unfashionable, but the current convergence of such trends as more time being spent online, increased privacy concerns and the need for joined up omnichannel marketing are just about to catapult it back into the limelight.

To explore this and more findings from SparkPost’s Email In 2022 – The Trends, Behaviors & Benchmarks Driving Email Forward report, click here.

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Sourced from The Drum

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Marketing to businesses requires special strategies and tools.

If your business caters to other businesses, the manner in which you promote your products and services will be very different from the way you market to consumers. This is because customers who are purchasing on behalf of a business or a company have different requirements and buying journeys compared to those who are looking to purchase something for personal use.

As such, businesses that are selling to other businesses need to master the art of B2B marketing and understand the best B2B marketing software to use. When done correctly, this will help you reach key decision-makers and turn them into paying customers.

In this article, we’ll cover the ins and outs of B2B marketing, including what it is and how to implement it. You’ll also learn the different types of B2B marketing and see examples of campaigns in the wild.

Let’s get started.

How is B2B marketing defined? B2B Marketing definition

The definition of B2B marketing is exactly what it sounds like: it’s the practice of marketing to businesses. Simply put, it’s about getting your products or services in front of people who work in the business sector.B2B marketing is different from marketing to individuals. When you market your products to businesses, you’re dealing with clients who buy products or services for their companies. B2B buyers are looking for things that can help them meet a business objective. Examples of such objectives include:

① Increasing revenue

② Improving employee efficiency

③ Saving the business money

Generally speaking, B2B buyers are looking for products or services that can provide a good Return on Investment (ROI) for the companies they work for, as opposed to B2C buyers who purchase products for personal consumption.

B2B marketing companies have also been placing greater emphasis on digital marketing. In 2008, online accounted for only 7% of the B2B marketing mix. By 2020, however, the top area of B2B marketing spending was in digital, with B2B email marketing producing the highest ROI.

When did B2B marketing start?

So, when did B2B marketing start? While trade journals did run ads targeting businesses during the 1800s along with early content marketing-style articles, B2B marketing didn’t really come into its own until the 1930s after the stock market crash of 1929 changed modern buying habits.

As the Great Depression forced consumers and businesses to purchase products based on utility rather than fashion, industrial buyers demanded more data-driven market research. This sparked early “industrial marketing” with marketing materials offering statistics and case studies for industrial buyers.

Over time, new mediums like radio and television provided additional B2B marketing platforms and tools to reach businesses. With the coming of the Internet, marketers gained a way to connect with millions of people on a regular basis. Now, B2B marketers come up with ways to make it easier for businesses to find their companies online.

Today, both small business owners and large companies can access more information on products and services through business and review sites. This requires B2B marketers to provide useful and relevant content that engages prospective clients and helps retain current customers.

Why is B2B marketing important?

woman stood by whiteboard and post-its discussing marketing

(Image credit: Pexels)

B2B marketing is — and will continue to be — important for as long as the business sector exists. Companies, just like consumers, have certain needs; without B2B marketing, businesses that can fulfil other businesses’ needs won’t be able to get their products and services in front of their target audiences and customers.

What is the difference between B2B and B2C marketing?

Slack for Enterprise landing page

(Image credit: Slack)

Although there is some overlap, business-to-business (B2B) and business-to-consumer (B2C) marketing have different strategies and goals. B2B marketing is focused on educating and communicating ROI to key decision-makers, while B2C marketing communicates how a product fits into the customer’s personal life.

There are also some key distinctions when it comes to the channels leveraged by B2B and B2C marketers. And while there is a bit of overlap — e.g., B2B and B2C buyers both use email marketing — the manner in which campaigns are executed is completely different.

Here is a table outlining the biggest differences between the two:

B2B Marketing B2C Marketing
Customers Sells to businesses like retailers, software companies, manufacturers, and suppliers Sells directly to individual consumers
Buying journey Can take weeks or months; B2B buyers often take time to research solutions, work with multiple stakeholders, and engage with sales reps to figure out the best vendor With certain exceptions, the buying journey of consumers is shorter and more direct; often, it simply involves adding an item to a physical or digital shopping cart
Messaging Usually centered on educating buyers and communicating the solution’s ROI Usually focused on communicating how a product or service fulfills a personal need (e.g., entertainment, social status, making life easier, etc.)
Sales and marketing channels Email marketing, TV and radio ads, account-based marketing, SEO, paid search, social media platforms like LinkedIn, Facebook, and Instagram Email marketing, SMS, TV and radio ads, retail marketing, SEO, online marketplaces (Amazon, Etsy), social media platforms like Facebook, Instagram, Snapchat, and TikTok

What are the types of B2B marketing?

What are the types of B2B marketing hero image

(Image credit: Future)

Marketers have a wide range of digital B2B marketing strategies to reach prospective clients. Some of the most effective ones include:

Content marketing. Content marketing offers useful information like business guides and industry studies to prospective clients. The information can be shared via blog posts, podcasts, online videos, and email newsletters. As more people view your content as a valuable resource, your B2B company’s brand awareness, leads, website traffic, and sales will grow.

Lead generation. B2B marketing teams need to identify their ideal potential customers, or “leads,” and convince them to buy from their company. Lead generation can be accomplished by capturing prospect information (usually through the use of online forms and landing pages). Lead generation can also be done at live events like trade shows where businesses market to other businesses.

Email marketing. Email campaigns generate a high ROI, with $42 for every $1 spent. This makes email newsletters a powerful way to share facts, statistics, and studies with leads and convert them into customers.

Social media & viral marketing. Social media posts like an Instagram video of valuable tips and tutorials can be deemed useful by potential B2B clients. These posts are shared on the Internet, increasing your brand awareness. With enough shares, your posts can go viral and reach thousands of potential clients, creating an effective form of viral marketing.

Affiliate marketing and native advertising. Affiliate marketing enables you to get existing clients and other content creators to promote your business on their sites via affiliate links that earn them a commission when someone clicks on the link (pay-per-click) or when you make a sale (pay-per-sale).

Native advertising allows these affiliate links to look like part of the site they appear in. For instance, your ad may appear as content recommendations on an affiliate site, making it more likely B2B clients will visit your site.

Search engine marketing (SEM). SEM is all about increasing your brand presence in search results, typically through the use of paid ads. It involves creating search ads and bidding on keywords. The goal is for your ads to show up whenever people enter relevant search queries.

Mobile (MMS & SMS) marketing. Mobile marketing uses devices like tablets and smartphones to market products and services. This can be done through Multimedia Messaging Service (MMS) which sends enhanced text messages or Short Message Service (SMS).

What are the best examples of B2B marketing?

For more on this, see our article on the 5 best B2B marketing examples of all time.

B2B marketing teams use various platforms for different advertising campaigns. If you want to promote your company on social media, LinkedIn, Instagram, and Facebook are popular sites frequented by potential clients. Many businesses also use WordPress to build blogs for content marketing.

Ultimately, your choice of B2B marketing tools and platforms depends on your objectives and Key Performance Indicators (KPIs) for measuring the success of your campaign.

B2B marketing objectives and measurable KPIs

As you build your B2B marketing campaign, clarify your objectives. Are you looking to increase sales, improve your brand awareness, or retain your current clients?

Have the B2B marketing tools for tracking and measuring your Key Performance Indicators. Important KPIs include:

person writing notes at a desk on marketing strategy

(Image credit: Unsplash)

Example of a successful B2B marketing strategy

Thanks to its strong B2B marketing strategy, Ahrefs, a company that provides SEO software, has managed to become one of the go-to tools in a very crowded market.

Here are some of the components involved in its strategy.

Long-form content. The team at Ahrefs has produced hundreds of detailed tutorials, articles, and opinion pieces on topics that search marketers care about. Because Ahrefs consistently publishes high-quality content, many of its articles rank high on Google, which then helps drive traffic to its website.

Ahrefs B2B marketing blog

(Image credit: Ahrefs)

Ahrefs Academy. The company also set up an educational hub on its website, which is packed with SEO courses and training materials. Ahrefs even offers a certification course designed to teach people how to use its platform more effectively.

Ahrefs Academy for B2B education screenshot

(Image credit: Ahrefs)

Data and studies. In addition, Ahrefs publishes its own research reports based on proprietary data gathered from its platform. These reports shed light on trends and insights that Ahrefs’ audience can use in their businesses.

Pictured: Ahrefs publishes its own research reports to help companies gain insight

(Image credit: Ahrefs)

All in all, the different components of Ahref’s B2B strategy work together to increase brand awareness as well as position Ahrefs as a leading authority in the space. Because of its efforts, Ahrefs has earned the trust of the SEO community, and this has helped it rapidly grow its userbase.

Example of a successful B2B marketing campaign

CB Insights is a company that provides market intelligence on private companies and investor activities to venture capital firms, investment banks, and other companies with a stake in high-growth private companies. Its business analytics platform and global database help companies respond to potential threats, predict emerging tech trends, and uncover competitor strategies.

CB Insights e-newsletter that examining lucrative trends in the business world

(Image credit: CB Insights)

Sounds heavy, but to promote itself, CB Insights offers a fun and informative e-newsletter that examines lucrative trends in the business world — like the profitability of funny GIFS and the popularity of Internet memes.

This strategy gets clients to open their emails and recognize CB Insights as a source of relevant information. Subscribers then have an incentive to go to the company website and become clients, making this the type of effective campaign that wins B2B marketing awards.

Conclusion

By using B2B marketing strategies like content marketing, email campaigns, and social media marketing, you can show how your company helps solve business problems. This lets you connect with lucrative businesses and convert them into regular clients.

Of course, in order to form these connections, you need effective B2B marketing platforms and software.

Learn more about how the right tools can help expand your business by reading additional resources on the best B2B marketing software to help you reach more clients in our guides: the Best CRM software, the Best email marketing software and the Best SEO tools.

Feature Image credit: Getty Images

By

Francesca has over 10 years experience as a B2B writer and content marketeer, creating content about retail, ecommerce, technology, and SMB. And has written for websites such as Entrepreneur.com, The Huffington Post, Lifehack, MediaBistro, Independent Retailer, Retail Touchpoints, and many more.

Sourced from techradar.pro

Most B2B sales and marketing teams typically function in a “serial,” or linear manner. Marketing engages prospective buyers early in their purchase journey, qualifying their readiness and fit for sales rep engagement through digital “content nurturing.” Once those leads have been designated “marketing qualified,” individual sellers take over, pursuing those leads through in-person or virtual interactions. In the middle is the “handoff,” where marketing passes the baton to sales, and online customer engagement gives way to in-person customer engagement.

Even in more advanced “account-based marketing approaches” those linear “physics” remain largely unchallenged. First the marketing, then the sales. Or, more accurately, first scaled digital engagement, followed by targeted seller interaction. And the decades-long pursuit of tighter “sales and marketing integration” has cantered on progressing deals along that journey as “seamlessly” as possible, eliminating “friction” and aligning metrics, data, and sometimes even incentives and reporting structures to ensure the handoff from digital to human selling is as efficient as possible.

The rise of digital B2B buying

For years, however, B2B buying has dramatically evolved to a far more digitally dominant buying behaviour, rendering much of that commercial model not only out of date, but nearly obsolete.

Consider the following data from Gartner research: In a pre-pandemic survey of 750 B2B customer stakeholders involved in complex “solutions” purchase within their organization, customers reported spending only 17% of their total buying time interacting directly with supplier sales teams. Instead, much of their purchase activity comprised independent learning online (27%), independent learning offline (18%), and building consensus across a wide range of internal and partner stakeholders (22% and 11% respectively).

As small as it is, however, that 17% of purchase activity allocated to supplier interaction (both virtual and in-person), represents all suppliers, not each supplier. So, if three suppliers are competing for the same opportunity, one can assume customers divide that time roughly equally across all three, leaving any given sales team with a vanishingly small window of opportunity to interact directly with that customer — perhaps 5% or 6% of total buying time if they are lucky.

For many sales leaders, that dramatically small window of direct interaction represents the single biggest challenge their sales teams face today, an overall lack of access — and therefore lack of opportunity — to materially impact purchase deliberations and bend customer preference toward their company’s unique offering.

As one head of sales put it, “We have very few ‘at bats’ to actually influence customer buying behaviour.” Put another way, today’s typical B2B buying journey leaves supplier sales teams very little “surface area” for actual selling.

Multi-channel buying

Instead, today’s B2B buyers rely heavily on digital information to support progress across their entire buying journey. In a survey of over 1,000 B2B buyers engaged in a complex purchase, respondents reported using digital channels — particularly the supplier’s own website — with nearly equal frequency as the supplier’s sales reps to gather the information necessary to complete a range of buying “jobs,” e.g., Problem Identification, Solution Exploration, Requirements Building, and Supplier Selection. Ultimately, customers have become largely agnostic regarding where they find the information necessary to advance purchase deliberations.

In this sense, for sales leaders seeking to “regain customer access,” it turns out customers never really wanted seller access in the first place. Instead, they sought out sales conversations not for the sake of the conversation itself, but as a practical means to acquire the information necessary to complete a specific set of buying jobs. Now that much of that information is available online, sales reps are no longer the channel to customers, but a channel to customers. And customers are “voting with their feet,“ leaving many sales reps struggling to provide sufficiently unique value to merit the additional time and effort of person-to-person sales interactions.

Despite individual sellers’ struggle to remain relevant, however, organizational leaders will find in customers’ channel agnostic buying behaviour a critically important lesson for future commercial success: Helping today’s B2B buyers buy isn’t a sales challenge, nearly so much as an information challenge (or, alternatively, an information opportunity). The companies that best provide customers the information they most urgently seek, specifically through the channels they most clearly prefer, are in a far better position to drive commercial success in today’s rapidly evolving digital commercial landscape.

Preference for a rep-free experience

When asked, many B2B buyers of complex solutions express a strong preference for a purchase experience free of sales rep interactions altogether. In a survey of nearly 1,000 B2B buyers, 43% of surveyed respondents agreed that they would prefer a rep-free buying experience. When cut by generation, 29% of Baby Boomers preferred to buy solutions without rep involvement, while remarkably over half of Millennials, 54%, expressed the same sentiment. Clearly, both practical experience and data driven evidence indicates a potentially dramatic generational shift in customer engagement preferences across the coming five to ten years.

In fact, taken to an extreme, one might conclude the “death of sales” is nigh. That interpretation of the data, however, appears unrealistic. On the one hand, commercial leaders argue that many complex solutions require a certain level of collaborative customization necessitating human interaction, effectively rendering sales reps “essential workers” in B2B buying. Simultaneously, most would equally agree that current B2B buying experiences are nowhere near robust, nuanced, or advanced enough to support customers preferring to buy completely on their own.

Still, just because today’s customers can’t buy complex solutions without sales rep involvement doesn’t mean that they wouldn’t prefer to do so if it were possible. In that sense, what’s most dramatic about this data is the degree to which suppliers and customers are increasingly out of sync regarding how they’d prefer to interact. Simply put, suppliers aren’t selling the way many customers prefer buying. And that “preference gap” leaves suppliers increasingly exposed to the risk of a competitor or disruptor finding a way to bridge that gap in new and creative ways — much as taxi drivers found their business nearly decimated when they were unable or unwilling to close a similarly large gap between rider preference and rider reality.

The “Unified” Commercial Engine

What do shifting buying behaviours have to do with organizational structure? Everything.

While once a relatively accurate proxy for the underlying buying behaviour it was meant to approximate, the serial commercial engine is hopelessly out of date — and dangerously out of sync — with how today’s B2B buyers buy. In today’s B2B buying journey, there is no single “handoff” from digital to in-person (or, for that matter, from marketing to sales). Today’s buyers are not only channel agnostic in terms of behaviour, they’re digitally dominant in terms of preference.

As a result, customers may seek sales rep input early in a deal to explore solutions but return to digital to build requirements. Later, as additional stakeholders become involved, they may revisit — possibly even rethink — their initial problem altogether, leading them to then re-evaluate, or even reconsider potential solutions, all both with and without sales rep involvement along the way.

In world like this, simply “aligning” sales to marketing to ensure a seamless “handoff” as a deal “progresses” along a linear buying “process” represents a woefully inadequate solution to a radically new buying reality (similar to a taxi driver hanging an air freshener in the back of their cab and hoping they’ve somehow “fixed” an otherwise deeply flawed rider experience).

What’s the alternative? In the words of Jenna Pipchuk, former head of sales at SMART Technologies, the answer is to “rebuild it from the ground up.”

The case of SMART Technologies

Based in Calgary, Canada, SMART Technologies is a provider of hardware and software solutions to educators around the world.

Eighteen months ago, as the world headed into a global pandemic, commercial leaders hunkered down to weather the storm. Led by Jenna Pipchuk, head of sales, and Jeff Lowe, head of marketing, the team at SMART, however, opted for a completely different tack. Having observed the same shifts in their own B2B buyers, Jeff and Jenna were acutely aware of the growing misalignment between how they were selling and how their customers were buying. The result was not only missed opportunities to drive engagement and growth with both existing and prospective customers, but also costly and inefficient duplicative efforts around messaging, analytics, and even technology housed in traditional silos that no longer made logical sense.

Recognizing the limitations of simply “better aligning” their commercial functions, however, the team completely dismantled traditional sales, marketing, success, and service altogether and reconfigured them into what SMART calls the “Unified Commercial Engine” (UCE). Unlike traditional silos, mapped to internal processes, the UCE is built back from a careful mapping of customers’ buying journeys across a range of predictable “jobs to be done” as part of a typical educational technology purchase.

Through that initiative the team identified five common buying jobs (Learn, Buy, Order/Install, Adopt, Support) and established an internal team specifically deployed to support each one, reassigning nearly every member of legacy marketing, sales, service, and success staff as a result. In all, over 250 team members received new job designations as part of the process.

In addition, SMART created three centres of excellence, where they consolidated otherwise duplicative efforts across traditional functional boundaries, one for data and analytics, and one for customer insights and positioning, and one for creative and digital experience.

Finally, the team then deployed their staff in geographically aligned “pods,” where each pod contains members supporting each of the respective five buying jobs. So, the pod for the southeast United States, for example, is made up of combination of individuals tasked with supporting the entire range of customer jobs from Learn to Support across all relevant digital and in-person channels (including third-party distribution).

Pods are managed by a brand new UCE dashboard, comprising a range of metrics spanning traditional marketing, sales, and service activity. Each pod leader is then tasked with helping the team ensure that SMART provides buyers in that geography with whatever support they might require, through whichever channel, at whatever time, on whatever job.

The results of the effort have been dramatic. In 18 months, lead volume is up 50%, lead acceptance has increased 35%, and most dramatically, year-over-year growth stands at an incredible 48%, all during a global pandemic. Jenna and Jeff, meanwhile introduce themselves today as “the former head of sales” and the “former head of marketing,” simply because, in their words, they no longer have sales and marketing. They have the Unified Commercial Engine.

It is a disruptive and challenging journey, to be sure, but SMART’s story is a fantastic example of the kind of sweeping change likely necessary in most organizations to effectively overcome functional myopia and re-align the old-world commercial engine to a completely new world of B2B buying.

The future of B2B sales and marketing? An end to B2B sales and marketing. Welcome to the world of supporting the new B2B buying.

Feature Image Credit: Henrik Sorensen/Getty Images

By Brent Adamson

Brent Adamson is a Distinguished Vice President at Gartner and a co-author of The Challenger Customer and the best-selling The Challenger Sale.

Sourced from Harvard Business Review

By Debraj Chatterjee

B2B is an acronym for business to business. Therefore, b2b marketing is where you focus on marketing your product to other businesses rather than individuals. Take the example of a company that sells office chairs on wholesale.

Although such a company can sell to individuals, their primary customers will be other companies seeking office chairs. Therefore, when the office chair company reaches out to the other company about their chairs, we call b2b marketing.

Why is B2B Marketing Important?

You might not have decided about whether to consider b2b marketing. While it is essential to stick to what you know for marketing, any business reluctant to embrace change will probably not last that long.

That alone won’t convince most people to give b2b marketing a chance. Here’s what will.

  • It Will Help Market Complex Products

There’s no better way to market complex products than b2b marketing. Most b2b products are usually complex and will therefore require different marketing strategies rather than the usual. That’s where b2b marketing comes in.

  • It is a Way to Adjust to New Marketing Strategies

B2b marketing is a different type of marketing when compared to the usual marketing. Therefore, it will enable you to adjust to the changing demands in the market and thus boost sales.

  • It Will Reach a Wider Audience

B2b marketing uses different marketing techniques to introduce the product to the market. Content creation and social media as some of those techniques. That ensures a business reaches a broader audience.
Easy Ways to Improve Your B2B Marketing Strategy

1. Consider Using Live Videos

According to Livestream, only 20% of people would prefer to read about a product via blogs or other written text. The rest would prefer if they could see the videos instead. If you know anything about marketing trends is that you need to follow the majority.

That isn’t surprising since videos are excellent at conveying emotions than written text. Don’t get us wrong; many people prefer to read social media posts on their phones. But information from videos will be better received by your audience.
So, you’ll want videos and especially live videos to be part of your b2b marketing strategy.

2. Grow Buyer Personas

This is an essential step for any marketing strategy and not just a b2b strategy. It is wise to look into your buyer’s personalities and know what product will appeal to them. The best way to grow buyer personas is to thoroughly research the customers’ needs to understand them so you can offer better solutions.

Buyer personas will enable you to connect with them more personally since you will know them better. Therefore, buyer personas will be an excellent way for you to improve your b2b marketing strategies.

3. Consider Content Marketing

Content marketing is an excellent way to tell potential customers about your products. But it has a catch. It would help if you focused more on speaking about your products and how they will solve people’s problems than about yourself.

Blogging is a powerful marketing tool if you adopt it. A potential customer could only be a Google search away. But that will only be possible if you’re willing to improve your b2b marketing strategy with content marketing.

That’s why it could be critical to you building a successful business, thanks to excellent marketing.

4. Collect Feedback

not having a way to get customer feedback is akin to pulling yourself down. You will be going in blind as far as your client’s needs are concerned. Collecting feedback will enable you to create a better relationship with existing customers.

Most relationship experts will tell you that good communication is vital if you want to create meaningful relationships. But what can you use to collect feedback from your customers?

You could start by having a feedback form on your website for buyers to fill in after getting their product or service. Qualaroo is a tool that will enable you to carry out surveys on your website and get their feedback.

5. Create a Brand Story

Ultimately, human beings will often associate more with brands that can trigger their emotions. Customers need to know that they can trust your brand to deliver. Gaining customer trust is easier said than done for businesses. However, creating a brand story will enable you to tug on people’s heartstrings and allow them to relate better to you.

A brand story will enable you to connect with people in b2b businesses on a personal level and thus drive sales for you. A brand story allows people to see the human face behind your products and relate easily to your company.

If your market is predominantly millennial or modern generations, you will need a brand story more than you think. Millennial’s and later generations have seen so many different marketing strategies and yearn for something fresh
A brand story will be perfect in sparking their interest.

6. Influencer Marketing

Ever considered influencers in your marketing strategy? If not, then you need to reconsider that. Influencers are online personalities with a large following. They can convince their many followers to follow or buy a certain product,
Even if you are selling to businesses, you will need to show that most people prefer your products. So, influencers are one way to improve your strategy and have your marketing reach a wider audience.

7. Customer Testimonials

Research shows that people are more likely to purchase something when they hear other people speak positively about it. Although a b2b business aims to make its products more visible to other companies, you first need to connect with the people running those businesses.

Therefore, having customer testimonials on your website will enable you to convert potential clients into loyal customers. It’s that simple. People want to associate with things that delight and impress other people.

Final Thoughts

A competent b2b marketing strategy could be the difference between growing to be among the richest Indian companies or a lowly player in the financial market. The amount of business you do will significantly depend on your marketing strategy, and these tips we have shared will help you massively improve it.

By Debraj Chatterjee

Debraj is a Founder of Cryptonidea, Coinvouge, CryptonBinary blog Services and oversees strategic, operational, and invest Peng aspects of the company’s wide-ranging digital content & digital revenue activities.

Sourced from readwrite

 

 

By Colby Cavanaugh

There’s never been a better time to be a B2B marketer — that seems to be the prevailing sentiment these days. The pandemic has accelerated innovation and digital adoption, creating opportunities for marketers to seize the moment, convert leads and accounts more quickly to revenue, and demonstrate marketing’s return on investment. But the data show a much different side of the story.

The reality is that marketers are burned out, stretched to the breaking point, and currently mulling over the right time to submit their resignations. Just how bad is it? According to Sitecore, nearly 80% of marketers described 2020 as “the most challenging time in the history of their careers.” What’s more, the Rosie Report found 70% of marketers working across freelance, B2B brand and agency disciplines plan to leave their jobs this year.

While much of this stress is environmental, the old ways of working are contributing to these issues. To be a marketer today is to be on a never-ending rollercoaster. New platforms and new approaches put marketers in a constant state of flux, and they rarely have a fundamental understanding of what is expected of them and how their work aligns with business goals.

In a recent study conducted by Heinz Marketing on “The Future of Marketing Work,” nearly 60% of B2B marketers are not entirely confident that their marketing strategy, technology and team structure effectively support their marketing goals. And a further breakdown of that data finds that number jump to 87% for ABM teams and 74% for revenue marketing teams.

B2B marketers are suffering under the internal issues that have plagued marketing departments for years without being addressed: siloed organization structures, tangled tech stacks, and dated strategies that do not account for the way customers buy today.

However, organizations can take steps to lessen the burden on marketers and create more positive experiences for them. So how does it get fixed? By redefining marketing’s dated org structures, broken processes and tech stack messes to align with the essential tenets of effective, buyer-centric, omnichannel B2B marketing.

Only through re-evaluating their teams through a clear, mature, omnichannel lens — optimizing organizational structures, integrated technology and connected strategies — can organizations reclaim a meaningful focus while motivating their employees.

Step 1: Rethinking the Marketing Org Structure

One of the most foundational steps B2B marketers can make is to take a hard look at their existing organizational structures. Many marketing departments remain in antiquated org charts where individuals are siloed in individual channels. Meanwhile, we now live in a robust omnichannel world where teams must work together and share best practices to appeal to their most valued customers wherever they are consuming information.

Gone are the days where you knew the five or so places you were most likely to reach and capture the attention of buyers. The advent of social media, apps, programmatic advertising, and the pandemic-forced break from event-based marketing means customers are reachable in more places, but it is harder to connect.

In addition, the world changes so quickly that static structures can never adapt quickly enough to achieve the first-mover advantage of reaching customers through new channels or opportunities.

The world is embracing agility — it is high time marketers did as well. But they will not be successful unless they exist within a new structure that enables better sharing of information and flexibility of individual roles, which in turn enables marketers to create cross-channel buying experiences for their buyers.

Step 2: Connecting Your Martech Stack

As reaching customers has grown more complex, companies that fail to equip their marketers with innovative tools to identify, target and monetize customers will fall quickly behind the competition. While poor structure often causes the many organizational silos that impede success, this is exacerbated when marketers don’t have a tech stack that securely maintains valuable customer data to provide a single-pane-of-glass view.

Technology that connects your data across channels and systems ensures you’re measuring the right metrics of success across the entire department. It will free up your employees from manual data collection and tedious analysis processes that are rife with errors.

By having that data immediately accessible and tied to targeting and outreach tools, marketers can identify and message in-market buyers before the competition. The right tech stack — which connects data, channels and campaigns — makes it easier for marketing teams to collaboratively reach the organization’s buyers during every step of the customer journey.

Step 3: Adopting a Buyer-Centric, Omnichannel Strategy

Connecting channels, breaking down silos within organizations, and meeting the buyers where they are on their journey allows for a more precise, agile, buyer-driven approach. Here are the five tenets of a redefined marketing strategy to benefit and empower your employees:

  1. Target: Identify and target the right buyers, accounts and buying committees with precision, using intent data and data intelligence to inform your cross-channel campaigns, including display advertising, content syndication, event marketing, digital events and social media marketing programs.
  2. Activate: Configure and activate cross-channel demand campaigns to scale your demand marketing programs and orchestrate personalized buyer and account experiences. Activation must happen across multiple channels to serve your customers better.
  3. Connect: Connect your martech stack through programmatic integrations to amplify your reach, boost pipeline generation, and increase conversion opportunities in real-time with unparalleled access to thousands of ready buyers.
  4. Measure: Gain real-time visibility across your demand channels to understand and optimize program performance, refine account-based tactics, monitor budget, track ROI, and defend your marketing spend. Use every interaction with your customer as an opportunity to learn and optimize.
  5. Govern: Ensure your data is protected, compliant, and ready for actioning across your marketing programs with an air-tight governance wrapper. Remember, unless your data is accurate and compliant, it is extremely difficult to execute marketing campaigns.

Putting It All Together

Marketers must evolve to survive and thrive in the current environment. We marketers have an opportunity to reinvent ourselves and by doing so, serve the needs of our buyers.

This precision demand marketing approach enables marketers to retain high-performing, sustainable teams, empower richer connections with evolved B2B buyers, and accelerate lead-to-revenue conversions.

But marketers cannot change if their dated strategies, tech stacks and organizational structures remain the same. It requires a rewriting of the rules of engagement with the new B2B buyers, their partners, and most importantly, their talent.

In this new era, marketers must master these core functions to build and retain high-performing, sustainable teams, empower richer connections with evolved B2B buyers, and accelerate lead-to-revenue conversions for meeting their businesses’ demanding goals.

The old ways of doing things will not return just because the pandemic is over. B2B marketers are overwhelmingly requesting a new way of doing things. They just need a map. Being thoughtful about your approach, where you are in the journey, and putting your customer at the centre of everything you do can be the very thing to set B2B marketers free. Free to align their work to reachable and meaningful goals and minimize or eliminate the stress that has many B2B marketers looking for other opportunities.

Feature Image Credit: Guilherme Stecanella on Unsplash

By Colby Cavanaugh

Colby Cavanaugh is the Vice President of Product Marketing at Integrate where he is responsible for leading the strategy and execution for go-to-market product launches, messaging and positioning, pricing and packaging, sales enablement, and competitive analysis. Prior to leading product marketing at Integrate, Cavanaugh was the VP of Business Development & Alliances at Integrate, where he led the creation of the Demand Acceleration Platform Ecosystem, consisting of hundreds of partnerships with marketing technology companies, data partners, services companies, and agencies.

Sourced from CMS Wire

 

By Lane Ellis.

What will successful B2B marketing look like in a post-pandemic world, and what can marketers do today to be ready?

B2B marketers are facing daunting and unprecedented challenges — not unlike a Rubik’s Cube — during the global health crisis. Each impediment, however, also offers valuable lessons that can help us as we transition to 2021 and the future opportunities that await.

Let’s begin unraveling the mysteries of the post-pandemic marketing world, with six dynamic tactics B2B marketers can use today to prepare for the future business landscape.

1 — Influencer Intensification: Subject Matter Experts

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Post-pandemic marketing will likely feature a noticeable intensification when it comes to the use of B2B influencers. As one of the most pandemic-proof marketing practices during the global health crisis, B2B influencer marketing is poised to continue growing in 2021 and beyond, due in part to the value industry experts bring to everyone involved.

“Traditional marketing channels are drying up and even trade shows are imperiled in 2021,” Mark Schaefer, chief operating officer at B Squared Media observed. “The influence marketing trend will be amplified as businesses seek trusted voices to join industry conversations,” Mark added.

Mark’s prediction is among dozens of insightful influencer marketing statistics in our recent 2020 State of B2B Influencer Marketing Research Report, and the following data points speak to the strength of industry influencers and point to increased use as we move into 2021:

  • 90% of B2B marketers expect their influencer marketing budget to increase or stay the same
  • 78% of B2B marketers believe prospects rely on advice from influencers
  • 74% of B2B marketers say that influencer marketing improves customer and prospect experiences with a brand, and 90% plan to increase their budget in the near future
  • 63% agree that marketing would have better results if it included an influencer marketing program

“Digging into the results, one can quickly see a trend in B2B marketers who are optimistic about influencer marketing yet not confident about their ability to execute,” Shama Hyder, chief executive at Zen Media recently observed in her Forbes interview with our co-founder and chief executive Lee Odden, “New Report Says B2B Influencer Marketing Still Has Massive Room For Growth.”

“With the pandemic causing a loss of in-person B2B tactics — field marketing, in-person trade shows, and experiential marketing efforts, for example — much of where buyers focus for information are digital channels,” Lee noted.

“This is exactly where influencers provide valuable and trusted perspectives. Trust, reach and engagement are always challenges for B2B brands, and collaborating with trusted industry experts that have the attention and respect of buyer audiences has proven to be an effective solution,” Lee added — a sentiment also expressed by Sarita Rao, senior vice president of marketing at AT&T Business*.

“Working with credible B2B influencers helps to build brand authority through real, human conversations and interactions.” — @saritasayso of @ATTBusinessCLICK TO TWEET

Sarita Rao Image

According to research conducted by Forrester the pandemic has seen new opportunities for influencer marketing, as 63 percent of U.S. consumers have spent more time using social media platforms, 58 percent have noticed more content from influencers, and 51 percent have had a positive attitude about influencer content and found it valuable.

Additionally, between March and July 2020 sponsored influencer posts saw a five-fold increase in interactions, reaching 57 million in July, according to report data from Shareablee.

Among U.S. and U.K. consumers who follow social media influencers, 72 percent said they have spent more time using social platforms during the pandemic, and 64 percent also said that they are likely to continue the same level of usage during post-pandemic times, according to GlobalWebIndex survey data.

Aside from its resilience during the pandemic, influencer marketing has for some time been poised to see more mainstream B2B usage, a move that is likely to steadily increase in our post-pandemic marketing world.

To learn more about B2B influencer marketing or beginning a pilot program, here are six additional recent resources we’ve compiled:

2 — Persistent Programs: Always-On Marketing

Always-On Image

Studies have shown the increased effectiveness of always-on marketing programs that replace one-and-done single-use campaigns with ongoing efforts that match the always-on nature of today’s consumer.

The case for a post-pandemic shift to always-on marketing programs is bolstered by compelling recent data from our report, such as:

  • 76% of B2B marketers find that the strategy of working with influencers through always-on engagement or when combined with campaigns delivers results
  • 75% saw increased views of brand content using always-on influencer marketing
  • 60% saw an increased share of voice, 55% saw more media brand mentions, and 50% saw increased brand advocacy through always-on influencer marketing
  • 89% of B2B marketers using always-on influencer programs expect their budgets to increase or remain the same, versus 73% for marketers running traditional campaign-based programs

This all points to persistent B2B marketing programs becoming more widespread among successful B2B marketers in the post-pandemic era, and it’s easy to see why, as the partnerships formed through always-on programs build ongoing brand credibility and trust that can be difficult or impossible to achieve using one-and-done campaigns.

“With brand trust at a low, it’s important for B2B companies to invest in relationships with credible experts that buyers do trust.” — Lee Odden @LeeOddenCLICK TO TWEET

If you’re looking to learn more about why always-on programs achieve better results and how you can implement them, check out the following recent articles we’ve written about a topic that will only become more important in 2021 and beyond:

“Being ‘always-on’ has allowed our team to build meaningful relationships with influencers.” — Garnor Morantes of @LinkedInCLICK TO TWEET

Garnor Morantes Always-On Influence Quote

3 — Shifting Search: New Challenges & Opportunities

Search Image

Like blowing dunes, the sands of the search technology landscape change often, and in the post-pandemic environment marketers will see a shift as Apple seeks to make inroads with its own search experience and whittle away at Google’s long-standing dominance.

Paid and organic search marketing efforts are a vital part of most B2B firms’ strategy, and pandemic or not these efforts would have continued for the majority of businesses. The global health crisis has given us a newfound appreciation of the importance of findability and how valuable a sound search plan is for businesses today, and this will continue into the foreseeable future.

Search strategies no longer involve only a website and traditional search engines, as more people than ever also search for answers and information from within social media platforms’ own often-lackluster search mechanisms, which some see as presenting new challenges, as well through the increasing use of voice search.

66 percent of B2B chief marketing officers said that their 2021 budgets would see an increase in spending on search engine optimization (SEO), with the same percentage also planning to boost spending on paid search, according to Gartner’s annual CMO spending survey.

Marketing Charts Image

I expect a growth in importance and usage of structured data, an increase in predictive search features, and a shift to a more technical SEO ecosystem. @aleydaCLICK TO TWEET

Recently I took an in-depth look at why search is more important than ever, in “SEO Strategy: 5 Reasons Why It’s More Important Than Ever For B2B Marketers,” and we’ve also explored other aspects of SEO in B2B marketing in these articles:

4 — Virtual Variations: Social VR Landscapes

Social VR Image

This year the world has spent more time using both traditional social media platforms and social virtual reality worlds, and when our lives return to some semblance of normal, all flavors of VR will seek to capitalize on an audience that — although no longer captive at home — has come to know and expect that brands use the technology.

51 percent of U.S. adults have increased their use of social media during the global health crisis according to eMarketer, and nearly a third have spent an additional one to two hours of time on social platforms during the pandemic, leaving more time for audiences to explore the new virtual worlds being created by social firms, such as Facebook’s Horizon VR experience.

“The convergence of both the physical and virtual worlds will create new opportunities in the future in the way friends, families, and even colleagues connect,” Cathy Hackl, author and futurist recently noted in Forbes.

By 2022 some forecasts predict over 95 million augmented reality (AR) users in the U.S. alone, including over 60 percent using VR with more than 30 percent using VR headsets, a trend that savvy B2B marketers are keeping a close eye on for post-pandemic marketing spending.

eMarketer AR/VR Image

Other survey data has shown that 39 percent of B2B professionals expect to install new AR and VR technology in the next 12 months.

With in-game, AR, and VR marketing opportunities seeing greater interest in 2021 and beyond, B2B marketers can learn more about the importance of experiential storytelling in the following pieces we’ve written about these and related subjects:

5 — Evolving Marketing Events: In-Person & Virtual

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How will marketing events change in a post-COVID19 world?

There’s no question that in-person marketing events are win-win experiences for the many parties involved, from speakers and attendees to exhibitors, sponsors, and others, yet during the pandemic creative new takes on virtual conferences have presented viable alternatives that are likely to be with us for good, continuing to augment in-person events once the health crisis ends.

The pandemic has seen Facebook begin offering paid event options for businesses, with direct in-stream purchases available for eligible Facebook business pages in 20 countries including the U.S., offering digital marketers new monetization and event marketing options.

Virtual events help traditional in-person conferences expand their reach and gain new online audiences — people who may eventually also attend an organization’s physical events.

Similarly, in-person events such as marketing conferences may — in post-pandemic times — serve as good examples for some of the purely virtual events that have come into existence this year out of necessity, pushing them to begin their own new physical events.

92 percent of marketers have said that they believe putting on successful virtual events will be important until the pandemic ends, and some brands have already chosen to postpone or cancel their events all the way through the middle of 2021, including major players Facebook and Microsoft.

73 percent of B2B event organizers have had to cancel a physical event because of the pandemic, and 81 percent have provided virtual alternatives, according to survey data from The Center for Exhibition Industry Research (CEIR).

2020 July 24 CEIR Chart

The time is bound to arrive when in-person events return, however, and smart B2B marketers will be prepared to incorporate both virtual and physical conference experiences for learning, networking, and selling.

Having an influencer marketing strategy makes sense for taking full advantage of both virtual and in-person events.

“Partnering with influencers is more important now than it ever has been,” our president and co-founder Susan Misukanis explained. “Targeting the right influencer communities can be the best way to expand virtual event attendance and reach into a broader audience — who may not have planned to travel to your live event or conference,” Susan added.

Partnering with influencers is more important now than it ever has been. Targeting the right influencer communities can be the best way to expand virtual event attendance and reach into a broader audience.” @smisukanisCLICK TO TWEET

To level-up your event game for both virtual and physical conferences, here are six articles we’ve published to help:

6 — Delivery Diversity: New Communication Channels

Communications Image

The pandemic has both driven us apart and brought us together in new ways, and given us creative methods to both tell and hear compelling digital stories.

New communication channels have arisen, such as the virtual worlds of Facebook’s Horizon and others we’ve already explored, along with the huge rise in online video communication through Zoom, Slack, Google Meet, Microsoft Teams and others.

The mass turn to video conferencing has also helped drive a large increase in both mobile app usage and advertising spending, highlighting the importance of making mobile a part of any well-rounded B2B marketing strategy.

Engagement among mobile ads has climbed by some 15 percent during the global health crisis according to survey data, and despite an overall drop in ad spending for the year, mobile ad spend has fared the best, as its 15 percent decrease was less than the 25 percent seen for desktop ad buying, according to additional data.

Business app opens saw a 26 percent year-over-year increase from March through June, report data shows, as seen here.

Marketing Charts Image B

“We’re all the same size rectangle on the Zoom screen.” — Vanessa Colella of @CitiCLICK TO TWEET

A rare pandemic silver lining is how we’ve all found new ways to communicate and  — more importantly — the stories we’re telling. Storytelling will be key in the post-pandemic marketing landscape, and to help you weave authentic messages that audiences will remember here are six recent articles we have available on this important topic:

Don’t Forget Your B2B Marketing Gravity

via GIPHY

The post-pandemic world will see intensified use of B2B influencer marketing, the growth of always-on programs, shifts in the world of search, more social VR, the evolution of events, and new communication channels, and we hope that by exploring these areas here your future marketing efforts will achieve newfound success — even if you’re no closer to solving that Rubik’s Cube.

Succeeding in any of these areas takes considerable time, effort and experience, which is why many firms choose a top marketing agency like TopRank Marketing.

Contact us and find out why firms including Adobe, LinkedIn, AT&T, 3M, Dell, Oracle, monday.com and many others have chosen us for award-winning marketing.

By Lane Ellis.

Lane R. Ellis (@lanerellis), TopRank Marketing Social Media and Content Marketing Manager, has over 36 years’ experience working with and writing about the Internet. Lane spent more than a decade as Lead Editor for prestigious conference firm Pubcon. When he’s not writing, Lane enjoys distance running (11 marathons including two ultras so far), genealogical research, cross-country skate skiing, vegetarian cooking, and spending time with his wonderful wife Julie Ahasay and their three cats in beautiful Duluth, Minnesota.

Sourced from TopRank Marketing

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Information acted upon is power.

Data is a crucial part of any business. Without it, you would be relying on guesswork and trial and error tactics. Everything revolves around data. Even our five senses are data-gathering machines that help us navigate through life.

Big data has become a buzzword these days. Many B2C and B2B businesses are heavily capitalizing on it. There are different ways in which you can use it to gain a competitive advantage. One big area is sales and marketing.

In this article, we will take a closer look at how big data is reshaping the marketing efforts of B2B companies. There are opportunities but also challenges in this new environment. Next, we will examine the connection between big data and the ABM approach which is the most popular B2B tactics these days.

How can “Big Data” help exactly?

If you had to summarize “big data” in one sentence you could say that big data offers a possibility to create both high impact and highly personalized marketing campaigns by offering deep insights into both the market and the consumer.

By having this deep insight, you will be able to create highly accurate and responsive campaigns. Knowing who to target, when, and with what message and price are the key benefits “big data” provides.

How does this function?

Big data is essentially any collection of data that can’t be effectively analyzed by existing traditional models of data. Since data can be in both structured or unstructured formats, and from numerous channels, you first need to make all the data accessible and usable. After, data analytic techniques can be utilized to effectively process and analyze all of the data. These actions are usually achieved by using a big data platform.

Examples of data sources can be competitive analysis and market information, marketing research, product knowledge data, website traffic data, social media posts, press releases, call center logs, customer feedback, device data, 3rd party data, consumer sentiments, and transaction logs.

How can big data affect marketing?

Marketing and sales departments were historically divided, and they still are. They have different targets and often come to a disagreement regarding several topics. For example, is the lead qualified enough and who’s at fault because they didn’t convert to a customer?

This tendency can be seen across the entire ecosystem of the company. Indeed, a company is just a collection of different systems, much like a large Fortune 500 company operates. In the case of an enterprise, these systems can be the ERP, CRM, Product Information Management System, Order Management System, and Marketing Automation System.

This is the old, so-called, silo approach to departments. Big data analytics helps us to turn all these different systems into a unified framework with a precise collective set of goals. All these systems are sources of data that can be used to create a perfect go-to-market strategy, set up different marketing segments and audiences, or to guide targeted advertising strategies and campaigns.

Big data is reshaping the anatomy of a company. In order to leverage the knowledge and data, all departments of the company should be integrated and interconnected.

Knowing where to focus marketing efforts is important. With big data, you can achieve more with precise targeting, lead generation, and increasing sales. Combined with predictive analytics and AI methods, big data can help us determine where the customers will be, how they may act, and what they may “do”. This responsiveness translates to better demand generation, the ability to create new markets and segments, while enhancing and optimizing both multi-channel and omni-channel marketing experiences.

Customer analytics, search engine optimization (SEO), search engine marketing (SEM), email marketing, Push/SMS/mobile app marketing, and digital ad platforms are just some of the areas where big data brings a competitive advantage.

Opportunities for B2B companies

Providing a unified and exceptional customer experience across all channels is the end goal that will increase your b2b sales. Great “above and beyond” customer experience can be achieved through personalization and customization.

Through personalization, we come to relevance and precise targeting. A simple example is a webpage, offer, coupon, or ad that displays a different message for an existing visitor compared to a new website visitor. If you are running an ecommerce business, you can deliver a perfectly timed discount, cross-sell, or up-sell campaign. This strategy or variation thereof, can apply to many types of businesses, webshops and digital storefronts and marketplaces are typically the platforms that get the most out of these personalization marketing strategies.

Another example is the ability to customize the price on a customer-product level. Again, highly valuable for any B2B eCommerce business since each customer is different. This wouldn’t be possible without the automated stream of data. You can also optimize the order and reorder processes by using the information about the previous purchase.

Some companies structure their entire business around data to produce something called the ultimate product. The ultimate product or service is that which came as a direct response to customer insight. By analyzing every piece of information to determine the most beneficial set of features, the product is guaranteed to be a success (if everything else goes well).

Challenges for B2B companies

If you compare a B2B and B2C market you will spot a tangible difference. Whereas you can have millions of users in a B2C market you have a lot less in a typical B2B setting. This in effect is the main challenge for B2B companies.

The number of customers influences the quantity of data, and the quantity of data influences the ability to draw conclusions. However, eCommerce businesses are an exception here. Although still having far fewer customers than a B2C store they can produce a large enough pool of actionable data. Again, this is not a rule.

Big Data and ABM strategy

There is an interesting aspect of a B2B market...

The number of customers is not large, they usually require highly customizable services, and prices will differ from one account to another. The usual approach of segmenting different customers into customer groups starts to lose its purpose since every customer is an island for itself. This line of thought has led to the creation of the ABM approach.

The ABM approach is the most popular B2B tactic. It stands for Account-Based Marketing. If you are not familiar with it, ABM is a business marketing concept that treats every account as a market. This approach represents a shift from the usual MQL (marketing qualified leads) strategy.

The major prerequisite for ABM is to have good, quality data. To identify key accounts and targets companies, while gathering strong firmographic and demographic data. After they have identified their markets they should reach them across a variety of channels and deliver relevant content.

Can you see the pattern? ABM is the most successful approach for small SMEs and other B2B players and it will almost always translate to an increase in B2B sales. However, that’s not possible if you can’t obtain quality data. The kind that big data platforms can generate.

Conclusion

Every company in every age has its own unique challenges and opportunities. We all know what happened to those who acted upon them. Luckily with the aid of the right technology, even the relatively small B2B companies have a chance to compete against bigger players.

The key is to have good quality data. 

The last few years have seen a growing trend among marketers. There is a rising demand for data quality. Each year more marketers list the quality of their data as a determining factor of their go-to-market strategy.

If you don’t know where to start from, we as a digital marketing agency can help you.

We are experts for B2B digital marketing and our main goal is to help you set up a successful ABM strategy, which you can’t do without quality data.

Everything is connected! Do you think you got what it takes to be the winner?

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In a previous series of posts, we have taken an extensive look at the characteristics of Inbound marketing, distinguishing it from Outbound, recounting its history, and identifying the latest developments. The goal was to describe the evolution of a concept, from theory to practice.

In this post, we will look at inbound marketing from the point of view of B2B, looking at why it’s effective, and focusing on the features that make it stand out: the production, management, and strategic distribution of high quality content (content marketing).

What is B2B marketing?

“Business-to-business marketing refers to the marketing of products or services to other businesses and organizations. It holds several key distinctions from B2C marketing, which is oriented toward consumers.” This definition is taken from the Marketing Solutions Blog from, LinkedIn, the world’s largest professional networking site with over 550 million members.

In a broad sense, B2B marketing content tends to be more informative and direct than B2C content. This is because the purchasing decisions of businesses, compared to those of consumers, are based on the impact on profits. The return on investment (ROI) is rarely a consideration of the average consumer, at least in the sense of a purely “material” investment (the ratio between expenditure and immediate economically quantifiable benefit), but it is an absolutely primary objective for business decision-makers.

B2B marketers find themselves managing a complex sales process, where they are called upon to identify the real decision-makers and the main stakeholders of the target company within a corporate landscape that is unique and characterized by specific organizational charts and decision-making flows. It becomes absolutely necessary to acquire a solid and precise knowledge of the company so as to be able to map the people really involved in the decisions by reaching them with relevant and personalized information.

Who is B2B marketing aimed at?

B2B marketing campaigns are aimed at any individual who has the ability to influence purchasing decisions. This can include a wide variety of professional titles, up to the C-level.

B2B marketing in context 

To start getting an idea of the context, let’s take a look at the Sagefrog Marketing Group’s 2020 Marketing Mix Report B2B (download here), which contains data on B2B marketing strategies, competitive trends and emerging tactics:

  • Between 2017 and 2018, at least 40% of B2B companies invested a tenth of their budget in marketing. Since then, that number has risen to almost 50%
  • The total expenditure is distributed across the following: 56% on Digital Marketing, 52% on Website Development and 36% on tradeshows and events
  • Content Marketing (27%) is an area in constant growth

In the 2018 B2B Content Marketing report focusing on Benchmarks, Budgets, and Trends by CMI and MarketingProfs, 91% of companies employ Inbound Marketing  as “a strategic marketing approach focused on creating and distributing valuable, relevant, and consistent content to attract and retain a clearly defined audience — and, ultimately, to drive profitable customer action.”

Of the remaining 9%, 54% said they plan to invest in content marketing within 12 months; 43% have no immediate plans to use content marketing; and 4% have used content marketing in the past.

Quality content: a strong return on investment

The Sagefrog Report highlights that quality content can offer a strong ROI when properly optimised for search engines so that it can be easily found and shared over and over again.  This means that quality content combined with clear and graphically pleasing landing pages and contact forms can help provide qualified leads. To achieve this goal, each piece of content must be designed in such a way that it is informative, relevant, searchable, shareable, not overly promotional, and above all, distinctive from that proposed by competitors.

Where the objectives of marketing and sales meet

Among marketers’ main objectives for 2020, in the first place is the need to convert leads into customers, followed by increasing sales, growth in brand awareness, the creation of “Thought Leadership,” and finally, increased website traffic.

What’s important to point out here is that the two main objectives are in fact priorities that marketing and sales teams share, which suggests the need to harmonize operations between the two departments.

Sales and marketing leads get personal

Referrals are the main source of qualified marketing and sales leads (63%). This is by no means surprising: B2B draws useful knowledge and contacts from the interpersonal networks of professionals, who are more likely to invest their time and money working with a company if they can rely on an existing connection.

In any case, if referrals are the main source of sales and marketing leads, inbound marketing is also gaining traction (33%). In both cases, we can read the strong signal of increasing attention to the personalization of communications.

In fact, the marketing experts interviewed by Sagefrog say that in 2020 they will explore personalization strategies (47%) through Account-based marketing (42%), video marketing, (41%) and inbound marketing (39%), AI and automation (36%), conversational marketing in the form of chatbots (33%) and influencer marketing (27%).

How do I create a B2B marketing strategy? The best B2B inbound marketing tactics

The competition to win the attention of customers gets tougher every day. Building a B2B strategy that delivers results requires considered planning, execution, and management. In the aforementioned LinkedIn article, the steps for planning a B2B marketing strategy are outlined. The steps for getting there, as the aforementioned LinkedIn article describes, are part of any inbound plan because they incorporate two fundamental assumptions:

  • Personalized, useful, and relevant content that authentically conveys the brand’s vision and value system through relevant channels
  • Continuous listening to the feedback of the reference target, previously profiled
  1. Develop a global vision and select specific and measurable business objectives
  2. Define the market, never forgetting that you’re talking to a person. While B2C goods often have a wider and more general audience, B2B products and services are marketed to a set of customers with specific needs related to their sector, department, and the business function. However, potential customers are also individuals with precise demographic data, urgencies, and priorities.
  3. Identify B2B inbound marketing tactics and channels. Once solid information about the target audience has been defined, determine how and where to reach them. The knowledge gained through the previous step should help. In any case, it is good practice to prepare a list of questions to establish time and place, both physical and virtual, in which to try to intercept those who will be the recipients of targeted marketing actions.
  4. Create content, distribute it and organize campaigns. After deciding which channels to use, plan and implement best practices for each one. Each action should, in any case, be built around some critical elements: a message, expressively translated with a creative approach, a series of useful insights, the most accurate targeting possible and some understandable, transparent and persuasive call to action.
  5. Measure and improve. Consult analysis and metrics reports in order to activate review and fine-tuning processes in real time: even with a well-studied basis, the creation of content and campaigns is intrinsically based on hypotheses and forecasts and must be optimized until you have substantial involvement and conversion data to rely on. Observe the channels, topics and media that resonate the most and then enhance them.

Essential elements of B2B inbound marketing tactics  

Truly effective B2B marketing is conversational, focused, and contextually relevant, and a B2B marketing strategy must include a variety of content, most of which is typically inbound: blogs, white papers, social media, email, videos.

Blogs: Regularly updated blogs provide organic visibility and direct inbound traffic to the website, whether institutional or product based. The blog can contain different types of content: copy, infographics, videos, case studies and much more.

Search: SEO best practices must be updated in conjunction with Google’s algorithm, which is changing more and more often, making it difficult to keep up. Lately, the focus has shifted from keywords and metadata to the interpretation of the user’s signals of intent.

Social media: Both organic and paid traffic should always be part of the mix. Social networks allow you to reach and attract potential customers where they are active. B2B customers increasingly use these channels to search for potential suppliers and to inform their purchasing decisions.

White papers and ebooks: Resources containing valuable information can be gated (requiring users to provide contact information or perform another action to download the content) or freely available. Often used as B2B lead generation tools.

Email: Although its effectiveness in recent years has been impacted by the proliferation of spam filters, email is still widely used today.

Video: Content that can be used within many of areas listed above (blogs, social media, e-mail) is becoming increasingly important for B2B strategies

In conclusion: Be human

When it comes to B2B marketing, the biggest mistake we could make is thinking that you are addressing an abstract and impersonal entity. In fact, as it should be clear by now, any marketing action will be aimed at recipients who are first and foremost real people who are driven by emotional and cognitive motivations. Although corporate decisions tend to be more rational and logical in nature, this does not mean that the content communicated must be formal or “robotic” in tone.

For the same reason, campaigns that are too broad will not be able to connect with (or influence) the audience in the same way that those aimed at specific segments can. Defining and segmenting the audience is an absolutely fundamental preliminary step in creating a message that speaks directly to individuals driven by a real need.

Personalization and relevance are essential: “speaking the language” of customers is a valid precondition because it allows us to cross an initial barrier, that of understanding. But it’s not enough: it’s necessary to publish content and ads that thematically adapt to the place where they are displayed. For example, shorter videos with simpler and more immediate narrative hooks work better on social media feeds, while a longer video is probably better suited to YouTube. Put yourself in the end user’s shoes and humanize your relationship with him or her right away. As in any Inbound strategy, even in the case of B2B marketing the starting point—each person’s needs and desires—is unique.

Sourced from doxee

By Lee Odden.

We talk a lot here on Online Marketing Blog about influencer marketing and one of the benefits of incorporating the voices of influencers in brand content is not often covered: customer experience.

What’s the connection between CX and influence? A big part of customer experience is trust and many customers simply do not trust brands or advertising.

That’s where adding credible 3rd party voices to brand content comes into play. Brands that want to deliver the most relevant, engaging and actionable experience for their customers will often incorporate external experts that already have the attention of the audience that brands want to reach.

Partnering with relevant influencers to co-create content can open doors for brands trying to engage hard to reach and increasingly skeptical audiences. Those content collaborations can also help deliver an experience that is more credible and trusted than brand content alone.

Of course, simply including influencer quotes in brand content is not enough. In order to optimize brand content to be more trusted, influencer contributions must be genuine, authentic, and ultimately impactful.

The starting point for influencer collaboration success begins with brands identifying specific topics of influence. Those topics need to be aligned with what customers care about so that when the brand identifies and engages with influencers on those topics, they are authentic to customer interests. Influencers that understand firsthand what buyer goals, pain and interests are in the context of solutions the brand offers can be critical for content collaboration that is genuine and impactful.

Another part of influencer and brand authenticity is disclosure. If the influencer has been compensated in any way, they need to disclose the relationship as sponsored or as an advertisement. If the content is relevant and engaging, the disclosure will not be a distraction.

Boosting the credibility of B2B content with influence can be complemented with making sure that content is findable. That is where the intersection of SEO and influence come into play.

Search engines like Google have realized long ago that delivering the best search experience correlates with successful advertising engagement. That means the left side organic results and ads alike need to be the best answer for customers.

For brands, delivering a great user experience in search means understanding searcher intent and providing content that meets those expectations at the very moment of need. Modern SEO best practices do exactly that: provide highly specific, useful information that is relevant to the purpose of the customer in solving their problem or meeting their need.

For optimal SEO performance, those best answer content experiences should be delivered with relevant, fast loading pages that are mobile friendly and deemed credible by other websites that link to them. Even better, is when that content is optimized for trust with relevant 3rd party experts.

Effective Content Marketing is about delivering useful information where, when and in the formats that are most meaningful to buyers. Optimizing content for effective discovery, consumption and action according to buyer preferences relies on insights for each of those outcomes. How buyers discover solution content, their preferences for content format, device and topic and the triggers that will motivate action are all insights that can lead to corresponding metrics such as Attract, Engage, and Convert.

For example:
Attract: Organic visibility of target topic content with a high click through rate from Google search results to brand content
Engage: On-topic content consumption, interaction, engagement and low bounce or abandon rates
Convert: Visits that result in relevant action: Subscriptions, downloads, trials, demos, inquiries, sales, referrals

While the marketing world is focused on the many obvious approaches to improving customer experience, those that understand the value of content that is optimized for findability and credibility will realize even greater benefits.

By Lee Odden

Sourced from TopRank Marketing

By Nick Nelson

Oh, look. Another death of email marketing headline. All too often, we see posts that lead with this provocative clickbait proclamation, while keeping the contradicting nuances under the surface.

Ironically, this kind of practice is exactly WHY email marketing has seen its reputation tarnished. The focus has shifted too far toward style at the expense of substance. Marketers became so singularly obsessed with compelling opens and clicks, through irresistible subject lines and poppy CTAs, that many of us lost touch with the core value of this digital channel: direct, one-on-one engagement.

I’m here to tell you that this value still exists, and might be more essential today than ever, in spite of (maybe even because of) the waters becoming so muddied. Recipients will welcome a little freshness and clarity in their inbox, from those brands and influencers that are willing to buck the trend.

Dead? No way. Email marketing is alive and well, and it can still be a central component of a successful, customer-centric marketing strategy when done right.

The Rise and “Fall” of Email Marketing

This life experience might be unique to fellow millennials, but I’ll never forget the jolt of excitement I felt as a preteen logging into America Online in the mid-90s and hearing those three magical words: “You’ve got mail!” The internet in general was too new and grand a concept for my young mind to grasp, but anyone could take delight in a mysterious message sent expressly to you — like a present waiting to be unwrapped.

via GIPHY

Fast-forward a couple decades, and the quaint charm of a full inbox has largely disappeared. Irrelevant messages began to proliferate and pile up like AOL trial discs. Spam started running amok, to the point where — as of March 2019 — 56% of all email messages were categorized as such. The sheer volume of messages we receive, and the dread of digging through them all, can cause legitimately troublesome levels of stress and anxiety.

As a result, many emails are now being cast aside, either because inundated human users click delete instead of open, or because increasingly stringent filters are diverting them to the spam folder — especially if they come from a company or unfamiliar sender.

There’s no doubt that trust has been shaken. Anecdotally, I’m sure most people reading this have been scarred by an experience where they had to completely shut down an email address because it became overwhelmed by promotional junk, or where they repeatedly tried to unsubscribe from an unwanted newsletter to no avail.

It is at times like these that well-intentioned, creative, value-driven marketers can answer the call and rise above the fray. Here’s how.

Rejuvenating Your Email Marketing Strategy

A fact that might surprise you: open rates aren’t in a state of steady, ceaseless decline. In fact, according to Super Office, the average rate has generally been increasing (or at least remaining steady) year-to-year over the past decade-plus:

Email Open Rate According to Super Office

Meanwhile, a new Email Usage Study from Adobe finds that the average person spends 5+ hours per day checking email, including 3+ hours at work.

As Adobe’s Sarah Kennedy puts it in a blog post: “The Adobe survey findings solidify how important email still is in the everyday lives of our customers, and this means there is still a big opportunity for marketers to utilize email to engage with people in relevant and useful ways.”

Relevant and useful. Therein lies the key. Here’s how we can pursue these ideals.

Refine Your Mailing List

First of all, opt-ins are essential. If you can’t verify that a person on your list actively volunteered to receive emails from you, remove them. You might even want to consider a double-opt-in (send a confirmation email once a person signs up). It’s better to write for 10 people who truly want to receive your messages than 100 who are ambivalent or worse.

From there, any type of segmentation you can do will help. Can you divvy up your list based on areas of interest or specialization? If so, you’ll be able to create different content (or even slight variations of the same content) oriented more toward the specific individuals receiving it. A little personalization goes a long way.

It’s better to write for 10 people who truly want to receive your messages than 100 who are ambivalent or worse. @NickNelsonMN #EmailMarketing Click To Tweet

Use Email to Build Relationships, Not to Sell

There are multiple problems with salesy emails. One: people generally don’t like them. Two: spam filters tend to be triggered by the terminology used in these messages. Three: they represent a fumbled opportunity.

When someone opts into your newsletter and then starts getting overtly pitched right away, it can feel like a betrayal of trust. As a relatively direct and personal form of marketing communication, email should be used to deliver value and build brand affinity. This is not to say you must avoid any type of lead generation elements in your messages, but make them subtle and sparse.

When someone opts into your newsletter and then starts getting overtly pitched right away, it can feel like a betrayal of trust. @NickNelsonMN #EmailMarketing Click To Tweet

Speak as a Human, to a Human

Your emails should never come from an address that looks like this: [email protected]. Use a real person’s name in the sender field (an executive or marketing manager or whomever you want to use as the face of your outward brand communications) and craft content in a way that feels human and friendly.

Ann Handley, Chief Content Officer at MarketingProfs, has an awesome newsletter called TotalAnnarchy that epitomizes this genuine vibe. At Social Media Marketing World earlier this year, she gave a talk about creating a newsletter people want to read. Among her tips: focus less on the NEWS and more on the LETTER, make it delightful, and write as if your message were only going out to one person.

I love the way Ann frames the present value of this channel as a marketing tool: Email is the only place where people, not algorithms, are in control.

Email, when it’s done well, is like hot fire. It can burn like nobody’s business. Ann Handley @MarketingProfs #EmailMarketing Click To Tweet

Make Your Emails Visually Interesting

This is tricky terrain because different email clients will display images differently (and sometimes not at all) but in general it’s wise to err on the side of making your emails more colorful and lively. Among their examples of powerful B2B marketing campaigns, Campaign Monitor shares this webinar promo email from AdWeek featuring an animated GIF to infuse their content with understated movement.

AdWeek Email Marketing Example

(Example via Campaign Monitor)

Just like on social feeds, compelling visuals can make your emails stand out in a crowded inbox. But make sure you don’t cross the line into gaudiness.

Make Email a Thoughtful Part of Your Overall Strategy

“We need more traffic to our blog post. Do an email blast.” This kind of reactionary thinking is a problematic aspect of email marketing.

As we say repeatedly, promotion should be built into campaigns from the start, and every channel should have a distinct purpose. Connect your email strategy with your goals and give it the proper effort to become a worthwhile standalone piece rather than an obligatory add-on.

Bring Your Email Marketing Strategy Back to Life

The rumors of email marketing’s death are greatly exaggerated. This channel can still be a key fixture in your content strategy if you give it the care and attention it deserves. But like other content channels, in order to maximize its efficacy we need to emphasize quality over quantity, focus on building trust-driven relationships, strike a human resonance, spice up the visuals, and connect it to our larger goals and strategy.

When you achieve this, you just may reignite that “You’ve got mail!” spark of wonder that recipients feel when your messages pop up in their inbox.

 

By Nick Nelson

Sourced from TopRank Marketing