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Social Media Isn’t Just for B2C; the Right Tactics Build B2B Leads

Some business-to-business marketers shrug off social media as a consumer branding and sales channel, sticking to company page branding and PR announcements on social platforms. They are missing a lead source, argues Tessa Berg, vice president of B2B agency Tenlo, in a recent MarketingProfs post. She urges B2B promoters to consider the many ways they can use social platforms to generate leads, and AccuList certainly supports these tactics via its own LInkedIn and Facebook/Instagram marketing programs.

Where to Go on Social Media? Where the Customers Are!

In deciding investment in social outreach to snag leads, start by profiling your target customers and where they gather on social platforms. Here’s a hint: 80% of B2B leads come from LinkedIn, compared with 13% from Twitter. That doesn’t mean B2B marketers should exclusively use LinkedIn. For example, Twitter allows for more direct interaction with prospects. And with the proven effectiveness of video marketing, why not leverage platforms like YouTube and Instagram to stimulate interest via product or branding videos?

Supplement Organic Reach With Paid Ads

Social platforms want to monetize their audiences so the reach of organic social activity has been increasingly subordinated to paid advertising. At the same time, many social platforms have improved targeting options for paid advertising. So it makes sense to pair organic actions with highly targeted paid social ads. Social tracking data will uncover important insights into which content and messaging on which social channels generate the best engagement and site traffic. Clear calls-to-action driving to owned content (website or landing page) will help capture leads better than a generic “Contact Us.” Offers of engaging content, say a video on product installation or an infographic addressing a key issue such as sustainability, also help gather lead contact data, Berg adds. Don’t get stuck in a rut with success, however; Berg prompts marketers to vary the types of ads and the content of ads deployed to avoid losing audience interest over time in the fast-moving social world.

Answer Questions and Leverage Presentations to Make Connections

One of the easiest, most effective ways to create relationships with prospective customers is to address the questions they pose on relevant platforms such as LinkedIn, Quora, and Reddit, Berg notes. Empower social and technical teams to answer in a timely and effective way to position your company as an expert and build audience connection. As a bonus, you will likely boost SEO and keyword rankings at the same time. Also, most B2B organizations already create presentations on industry trends, product updates, and case studies, and this content is prime for boosting engagement, social sharing and viral reach, especially on platforms that are dedicated to presentations, such as LinkedIn SlideShare.

Make Social Engagement a Team Effort

Get company team members involved in a social strategy, urges Berg. After all, people work with people, and a display of your company’s talent and team culture can validate a partnering or purchase decision. Define a theme, outline appropriate content, explain the dos and don’ts of hashtags, make sure to run messaging by legal advisors, and then start with a test of “safe” content, adjusting policies if necessary, she advises. See https://www.marketingprofs.com/articles/2019/41608/seven-ways-b2bs-can-use-social-media-to-boost-conversion-rates-and-generate-leads?adref=nlt080619

2017 Marketing Budgets Set to Shift More Dollars to Acquisition

Balancing marketing budget between acquisition and retention growth is a perennial conundrum. But if you take your cue from respondents to Target Marketing magazine’s annual “Media Usage Survey,” you’ll be more bullish on acquisition efforts this year. Half of the 725 respondents (42% B-to-B, 22% B-to-C and 36% claiming both business and consumer targets) said they would be boosting acquisition spending in 2017. That’s compared with only a third planning to add to retention dollars. Regardless of the choice of “finders vs. keepers,” optimism rules the year ahead; only 5% of respondents foresaw decreased acquisition or retention spending.

Direct Mail & E-mail Lead ROI Expectations

For the second year in a row, the survey found marketers giving direct mail and e-mail top marks for ROI in both acquisition and retention, which means more success stories from AccuList USA’s direct mail and e-mail list brokerage clients. In acquisition, 25% of marketers said e-mail is the method delivering best ROI and 15% cited direct mail, with third place going to search engine optimization. In retention, 46% gave e-mail top place for ROI and 14% chose direct mail, with 10% selecting social media engagement as best for retention ROI. Those 2017 percentage rankings by channel were pretty close to the 2016 survey results, but there were some shifts below the top ROI performers. For example, telemarketing was the top answer for more firms in 2017 than in 2016, especially as an acquisition vehicle (chosen by 8%), while webcasts and webinars, which were rated among the top five for acquisition and retention ROI in 2016, dropped below 5% this year.

More Channels in the Mix

If an expanded channel mix is part of your planning this year, join the crowd. Surveyed marketers embraced more channels for both acquisition and retention in 2017 than in 2016. Of note, some channels traditionally thought better suited to retention (such as e-mail and social media engagement) are now used by a majority of marketers to drive acquisition, with 87% planning to use e-mail and 69% opting for social media engagement. Although retention efforts can’t claim a marked channel preference, some channels are definitely more popular for acquisition than retention in 2017, notably online advertising, social media advertising and SEO, per the survey.

To see details of the survey, go to http://www.targetmarketingmag.com/article/finders-keepers-2017-acquisition-retention-trends/