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@jeremywoolf @jeremywoolf Social Media: B2B Moving Beyond the Hype iStrategy, London 26 November 2012

B2B Social Media – Moving Beyond the Hype

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B2B companies are looking beyond conventional marketing communications and using social media to engage directly with their audiences, build trust and gather customer insight. But many companies are struggling to do this in a meaningful way. They’re prioritising marketing rhetoric over content creation, community building, and problem solving. This means that businesses are missing the opportunity to turn prospects into customers and customers into advocates. In this workshop, Text100’s Global Digital and Social Media Lead Jeremy Woolf will present the case for B2B social media and methodology for driving results. The delegation will then be split into four groups, each tasked with creatively responding to aB2B social media brief. Text100 experts will guide the groups, with each presenting their strategy back to the delegation.

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  • 1. Social Media:B2B Moving Beyond the HypeiStrategy, London26 November 2012@jeremywoolf

2. Jeremy Woolf text100.compublicrelationships.blogspot.com linkedin.com/in/jeremywoolf@jeremywoolf www.socialmedia-mba.com @jeremywoolf 3. Social Media: Moving Beyond the HypeBeyond conventional B2B comms Engage directly with audiences, build trust and gather insight Marketing rhetoric vs. content and community Turn prospects into customers and customers intoadvocatesBuyers and their journeysWorkshop exerciseSkype!@jeremywoolf 4. Theres going to be anopportunity over the nextfive years or so to pick anyindustry and rethink it in asocial way...we think thatevery industry is going to befundamentally re-thoughtand designed aroundMark Zuckerberg, CEO, Facebookpeople.Mark Zuckerberg - World Economic Forum Annual Meeting Davos 2009,World Economic Forum, http://www.flickr.com/photos/worldeconomicforum/3488879012/@jeremywoolf 5. 1. Who do you sell to?2. How do they buy?@jeremywoolf 6. Buyer Personas @jeremywoolf 7. Meet Dave (Not his real name)BACKGROUND: Head of IT in digital advertising agency Worked at the same company for 10 years; workedhis way up from senior systems engineer Married with one child (11)DEMOGRAPHICS: Skews male Age 40-50 Dual HH Income: 220,000 UrbanIDENTIFIERS: Calm demeanor Small team, jack-of-all-trades Very active online@jeremywoolf 8. Meet DaveGOALS: Support business goals Reduce storage costs Improve data access speedsCHALLENGES: Getting everything done with a small, dispersedstaff Rolling out changes across the entire company Keeping pace with innovationHOW WE HELP: Offer storage and services via the cloud Integration with existing systems@jeremywoolf 9. How Does Dave Buy?(Obligatory social medianumbers bit) @jeremywoolf 10. Hesgotthepower@jeremywoolf 11. Hes social@jeremywoolf 12. Hes hungry for contentConsumers gather 60% ofinformation needed tomake purchase decisionsbefore contacting vendors @jeremywoolf 13. Hes hungry for contentMost tech buyers become aware oftechnology products by talkingwith their peers/colleagues(followed by industryinfluencers and web search) @jeremywoolf 14. Hes hungry for contentAn average of 9 informationassets are downloadedduring the purchase process @jeremywoolf 15. Sales is evolving1950s-Sales teams find and persuade buyers, supported by1990s advertising and public relations1997 Buyers start to search online, find product informationfrom multiple vendors2006 Buyers start to confer with each other via online socialnetworksSales uses online tools to prospect, generate and qualify2009 leadsSales uses social networks and diverse content to engage2012 with prospects before they contact you@jeremywoolf 16. How do we reach Dave? Relevant, useful and entertaining Enhance social status Reaction and fun Connect him with peers Enable participation Direct behaviour by understanding and directingthe buyers journey@jeremywoolf 17. The buyers journey RESOLVE AWARENESSReduced cost of RETAIN customer CONSIDERATIONacquisition PURCHASE INTENTELECTInfluence othersDECISION buying journeysSELECTSUPPORT RECRUIT LOYALTY CREATEADVOCACY@jeremywoolf 18. Content directs the buyers journey TRADITIONAL OWNED / SOCIALEARNEDPAID AnnouncementAWARENESSTweet Third party blog Display adrelease CONSIDERATION Case study Blog postDiscussion forum SEM / SEOINTENTWhitepaper Video Q and A siteEmail offers DECISIONSocial supportSurveySupport forumDiscussion forum SUPPORTplatformLOYALTY Win releaseGuest blog post Third party blog Satisfaction survey Trade show P2P Advocacy ADVOCACYVideo blog post Blogger site visitpresentationProgram@jeremywoolf 19. EARNED OWNEDSOCIALPAIDProduct / news Press release / Facebook / Banner adpress / blog case studies on TwitterBuyer: coverage website updates SEM RealizesCase studyFlash demosQuora /problem or media / blogLinkedInOutdoorbusiness needcoverageAnswer Blog posts responses Doesnt yetBroadcastunderstandAnalyst papers Social gamesLanding page and Printsolutions Feature articles competitions Needs product about technology /Tip sheets Trade showand industrytrendsinformation Commitment is SearchInfographicslowContent informs, demonstratesunderstanding of the problem and vendorexpertise @jeremywoolf 20. EARNEDOWNED SOCIAL PAID Expert Facebook /SpeakingFree webinars interviews Twitter engagementsBuyer:media / blog updatescoverageWhitepapers PerformsDiscussion SEMresearch Case studyPodcasts forum /media / blog LinkedIn Has determinedcoverageGroup Telemarketingtech needs eBooksinteractions Asks moreAnalyst papers Quora /educated Spec sheets LinkedInReviewquestions websites Answerresponses Email isBuyers guidesfrequently Expertpreferred Gamification interaction insocial channels Commitment is Email fromlow to mediumContent reinforces vendor suitability,sales rep and ability to solve problems@jeremywoolf 21. EARNEDOWNED SOCIAL PAID Case studyFree trialsExpertmedia / bloginteraction inBuyer:coverage social channels Product demos EstablishedAnalystDiscussionmust haves outreach Consultationsforum / Price, qualityLinkedInetc. GroupSpec sheets interactions Narrow downvendorsProduct Concerned whitepapersabout missingdetails Commitment ismedium-to-high Content defines and meets custom requirements@jeremywoolf 22. EARNEDOWNEDSOCIALPAID ROI calculatorsExpertinteraction inBuyer: social channels Compare ConsultationsvendorsProofs of Detail is conceptimportant 4.2 technologyproducts /solutionsexaminedbefore decision Commitment ishighContent arms buyer to make / endorsedecision @jeremywoolf 23. @jeremywoolf 24. Helping buyers buy: Ninefold EARNED OWNED SOCIAL PAIDWebsite Twitter FoursquareBar tab Trade showSales engagementProof of concept Case study@jeremywoolf 25. Helping buyers buy Not usually a linear process Cross over between phases Many people involved in decisions Buyers armed to sell products internally Create relevant content for each person involved in theprocess Deliver content where, when and how it will have thegreatest impact on the buying decision Understand the signals that indicate readiness to movebetween phases of the purchase process Simplify the buying process for customers @jeremywoolf 26. Summary1.Understand your buyer2.Understand your buyers journey3.and the content that helps them4.Not all content is created equal5.But it can drive decisions @jeremywoolf 27. Discussion @jeremywoolf 28. Jeremy Woolf text100.compublicrelationships.blogspot.com linkedin.com/in/jeremywoolf@jeremywoolf www.socialmedia-mba.com @jeremywoolf