B2B Sales Trends Boost Mobile-Friendly Online Acquisition
With Forrester Research forecasting steady growth in B2B e-commerce, reaching $1.2 trillion in sales, or 13.1% of all B2B sales, by 2021, smart e-commerce marketing is more essential than ever for AccuList USA’s B2B catalog and e-commerce clients. A recent bigcommerce.com blog post highlighted many important trends for B2B e-commerce, but we’ll focus on three marketing-related takeaways.
Acquisition Is the New Online Focus
The days are gone when B2B online strategy could succeed by putting up a website as a customer service portal, a place for existing account re-orders or a passive catalog display. Online selling is becoming a core part of B2B business and sales strategy, argues bigcommerce.com post author Jillian Hufford, marketing analyst at nChannel, a multi-channel integration provider. B2B marketers should start by profiling customers to better target online and offline promotions to find high-ROI traffic. Note that a robust SEO/SEM strategy, coupled with website search tools, is essential given that 74% of B2B buyers report researching at least part of their work purchases online. Easy, seamless cross-channel ordering is another basic of online customer acquisition now. Plus, an investment in online content marketing, coupled with SEO strategy, can leverage educational and expert content on the website to attract searchers and win Google rank.
Online and Print Catalogs Work in Tandem
Five years ago, more than two-thirds of B2B sellers thought they would stop mailing paper catalogs. That hasn’t happened, but many B2B merchants are using an integrated multi-channel effort to balance smaller or less frequent print catalogs with more interactive online catalogs. For success with print-plus-online, the online catalog cannot merely mimic the print version. E-commerce means investing in interactive online tools that allow customizing, sharing, distributing, ordering and tracking, all supported by integrated back-end technology.
Mobile-Friendly Means Revenue-Friendly
Ever-expanding B2B mobile use is driving big marketing changes. Google and BCG research data from 2017 shows why: 80% of B2B buyers are using mobile at work; 60% of B2B buyers report that mobile played a significant role in a recent purchase; and 60% of B2B buyers expect to continue to increase their mobile usage. B2B retailers who are dragging their feet on mobile-friendly adaptation risk dragging down their own revenues; BCG research found that brands that are “mobile leaders” earn more traffic, more leads and more revenue than “mobile laggards.”
For more B2B e-commerce trends, and examples of real-life company online successes, see Hufford’s attached blog post.
Why Direct Mail Still Wins Allegiance of Trade Show Marketers
One of AccuList USA’s oldest areas of expertise is trade show and conference marketing, particularly direct mail lists and support services. A recent survey of exhibit managers and event marketers by Exhibitor magazine shows why direct mail continues as a promotional tool, as a companion rather than a victim of the growing use of e-mail and social media. Here are some insights we gleaned from those comments:
It’s Still All About the List
The traditional rules of direct marketing continue to apply for direct mail success: Quality, targeted data is the most essential response factor. Mike Naples, business alliance manager for the United States Postal Service, reminds event marketers of those basics: “A successful campaign is 60% identifying the target, 30% making a compelling offer, and 10% creating a unique piece.” Dan McAdams, vice president of sales and marketing for McAdams Graphics, is even more specific: “The most effective direct-mail projects start with a solid mailing list. A bad list yields a bad return.”
E-mail Is Mate, Not Replacement, for Snail Mail
While acknowledging the growing use of e-mail, Holly Seese, global marketing communications manager at Celanese Corp., reminds Exhibitor readers that “hard-copy event invites are still more memorable than e-mailed ones.” That can be especially true with an older target audience. “People over the age of 50 have an emotional attachment to letters that people under the age of 50 never developed,” opines Keith Goodman, vice president for corporate solutions at Modern Postcard. More generally, e-mail faces headwinds in crowded, spam-filtered inboxes, while direct mail’s lower volume actually boosts its impact: “Direct mail is back in vogue because few companies are using it. So a creative mailer is more likely to get read,” explains Eugene Maresh, co-owner of Say it With Style Targeted Promotional Solutions. Or as Joy Gendusa, CEO of PostcardMania, sums up: “E-mail is brilliant for lead nurturing, but not for lead generation. If your message is seen as spam, you’re hurting, not helping.”
Creativity and a Multi-Channel Mix Required
At the same time, audiences have become more demanding. Direct mail must be personalized, relevantly targeted and creatively eye-catching to engage response now. Tired tricks are not going to win interest. “An interesting shape is the best way to generate attention. Priority or overnight mail doesn’t cut it anymore. It feels wasteful,” asserts Rhea Cook, president of Ex Machina Design X Marketing. And because audiences also use multiple digital channels daily, they expect to engage with coordinated event promotion and response across channels, so direct mail can’t go it alone if it is to be successful. Or as Jefferson Davis, trade show marketing and sales consultant at Competitive Edge, concludes: “People ask me all the time, ‘What is the single best media for exhibit marketing?’ But there is no single best media. The magic is in the mix.”
To see more quotes about direct mail from event marketing pros, go to http://www.exhibitoronline.com/topics/article.asp?ID=1282
Direct Mail Still Powers Fundraising, Especially Planned Giving
At AccuList USA, nonprofit interest in our direct mailing lists and services for fundraising remains strong despite the growing share of donor dollars collected via online giving. Some of the reasons that fundraising pros remain committed to mail power are cited in a recent article for The NonProfit Times by Mark Hrywna.
Direct Mail Is Vital in a Multi-Channel Mix
It’s true that nonprofit organizations are beginning to see a growing share of donations attributed to online giving, but as Steve MacLaughlin, vice president of data and analytics at fundraising tech firm Blackbaud, stresses in the article, online giving is still less than 10% of all charitable giving. Fundraisers need to avoid confusing the channel of engagement with the channel of transaction, he advises. Direct mail response certainly is no longer limited to mailed donations as many direct mail recipients go online to give; similarly, a mobile-device outreach or e-mail appeal can generate offline gifts. Even in an increasingly digital world, a good multi-channel mix will include direct mail.
Direct Mail Keeps Proving Its Power
Hrywna cites Make-a-Wish Foundation as an example of continued direct mail investment. When Chief Financial Officer Paul Mehlhorn started with Make-A-Wish Foundation in 2009, he recalls that he was told direct mail was a dinosaur that would be gone in five or six years. Yet last year the national office exceeded 2009 direct mail revenue by several million dollars, going from $13.9 million to $15.3 million. “It looks to me like a program that can stay very strong for the next 10 to 15 years,” Mehlhorn asserts to Hrywna. In fact, Mehlhorn says he may expand on that direct mail success: “We continue to increase our investment in online giving. However, we are reconsidering our approach to direct mail and may increase our investment for direct mail in future years. As you get past the low-hanging fruit, [online] becomes almost as costly as direct mail. Unless you enlarge your donor pool, you’re going to be spending about the same.”
Direct Mail Has a Key Role in Planned Giving
Plus, while the revenue ratio of direct mail to online giving has gone from 3:1 to even at Make-a-Wish, there are some areas where direct mail retains an edge, such as planned giving. Make-A-Wish Foundation has seen revenue from planned gifts just about triple during the past four years, growing from about $2 million to $6 million, and Mehlhorn credits part of that success to actively promoting planned giving in direct mail as well as online campaigns. “A lot of the folks now making end-of-life plans are still in that generation that likes getting mail,” he points out.
For more, see The NonProfit Times article.