Archive for the ‘sales enablement’ Category

Message Maps Result in Quicker and Easier Content Creation

Friday, March 4th, 2011

This is the fifth blog post in our series designed to make content creation easier for SMB B2Bs. Consistent execution of content marketing and social media campaigns is the critical success factor for SMB B2Bs. These posts, when taken together, will vastly improve your execution and drastically reduce the amount of effort and resources required.

A message map should be created for each solution that a B2B marketer promotes. The maps identify the key messages that must be successfully communicated to target prospects.Man Messaging World 300x199 Message Maps Result in Quicker and Easier Content Creation

Here’s how it’s done:

A brainstorming session is held among sales people, marketers, product managers and external agency people. Once everyone has shared their thoughts, key messages that truly differentiate the solution from the competition are generated. Validation of the messages occurs when supporting facts are delineated. Finally, and most importantly, the benefits to the customer are defined. The benefits should align with the needs of your target prospects. If they don’t, you have a product problem.

When there’s agreement on key messaging, the marketing team doesn’t have to define the message every time it creates new content. A message map provides the basic messaging for everything from articles to blog posts, podcasts to press releases, white papers to webinars.

Message maps make it easier and more cost effective to work with outsiders. If you outsource content creation, message maps give external resources the guidance they need to create material that supports and elaborates on your essential positioning.

Message maps can help keep the sales team on message. Some enterprising sales people may create materials for specific sales situations. By giving them the essential guidance they need in a useful, accessible and approved messaging document, you’ll make it easier for the sales team to create one-off presentations, individual letters and emails that are accurate and effective.

You’ll find that some of the sales team’s improvisations are entertaining and persuasive. The sales team interacts with your target audience on an ongoing basis. They understand the buyer. They know which questions must be answered and objections overcome to close the sale. They may discover information about target prospects’ pains and buying factors that you didn’t have before. By maintaining a common message map and soliciting sales input up front, you can integrate their market knowledge into your messaging.

A message map accelerates content marketing. Time spent up-front in developing the message map will be repaid in full during the content creation cycle.  Fewer iterations and faster content development cycles will support a timely and successful content marketing initiative.

How about you? Have you deployed message maps? Have you experienced increased efficiency when using them?

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Leveraging Internal Company Resources for Content Development

Wednesday, January 26th, 2011

This is our second week of diving down into specific facets of social media to see how we can leverage each to make the content development process more successful. We’ve been blogging about the difficulties that small to mid-sized B2B companies have in executing their social media strategies. This week’s focus area is:

Leveraging Internal Resources

Diverse Emplyees in Office 300x199 Leveraging Internal Company Resources for Content Development

Maximizing Internal Resources for Content Development

Almost all employees at SMBs are stretched to the limit. They have very little time or energy to spare. Yet, they are essential to the success of social media programs. So, how do we maximize their contributions while minimizing their exertion?

Start at the Top

Whether you’re an internal marketing professional, or an external marketing consultant, no social media campaign has a chance of success without the support of the CEO/Owner. Make it clear to that person that there’s no sense in embarking on the campaign unless s/he’s on board and publicly pledges support to the project. Employees need to know that this is important to the boss. Other input needed from the C suite includes the goals and objectives for the campaign. Everyone has to be clear on what constitutes success, so you know:

  1. what you’re all working toward, and
  2. when you’ve arrived.

The nature of social media is that it’s an ongoing process, so you want to develop an over arching long term goal; something like, “An average year over year growth rate of 40% for the next 10 years.” Then develop smaller, shorter term goals (e.g. “One conversion per week from a prospect pulled in via social media.”).

Depending on the executives and their personalities, they may also become contributors of blog posts, tweets, LinkedIn discussion group Q&As, etc. If you can position one or more of these executives as a thought leader in your niche, it could result in a significant increase in the ROI of your campaign.

Sales Leaders

Successful sales people are an extremely valuable resource. They are also typically the most difficult to track down and get information from. In addition to the direction from the CEO mentioned above, you must communicate to the sales people why they should spend their precious time with you, rather than with a prospect or customer. Here’s how:

  • be overt in communicating that you’ll respect their time, you value their contribution, and that the result will help them be even more successful,
  • tell them exactly what type of information you’re looking for (typical questions prospects have, objections that need to be overcome, competitive land mines that need to be defused), and
  • offer to make it as painless as possible – tell them you’ll spend a day with them to observe and learn from their interactions with customers, and to conduct your interviews in the car, as you travel from appointment to appointment.

Subject Matter Experts

These are the engineers and product managers that can give you nuts and bolts information about product/service features, new versions to be released, etc. You want to establish ongoing, symbiotic relationships with these people. The best way to do that (plus give them an understanding of the value of social media) is to do research for them. Use social media to answer questions they have about the competition and the market.

Going forward, maintain an ongoing conversation with them based on the two-way transmission of relevant and useful information concerning your industry, new breakthroughs, what’s on the drawing board (and the likely market reaction), etc.

If you have any other tips re leveraging internal resources in an effective manner to help develop SM content, please share in a comment to this post.

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How to Get Over the Social Media Content Hump

Tuesday, January 11th, 2011

I wrote a blog post a week ago that obviously touched a nerve. “B2B Social Media’s Big Not So Secret” garnered the most traffic of any blog post I’ve ever written. David Meerman Scott tweeted the post – that certainly goosed my traffic. I also received a few comments and a flurry of phone calls and emails. 99% of the feedback was supportive of my premise, which was:

“Small to medium sized B2B companies are not realizing the benefits they should from social media marketing due to problems with execution.”

OK. Fine. I have agreement on the above premise. So what? How does that help the companies affected? Well, admitting to the problem is always the first step, isn’t it?

I’m going to devote the next several blogs to this topic. I think I have some helpful hints for the client companies, and the agencies and consultants working with them. I by no means have all the answers, though. So I invite all to comment with any insights you’ve garnered.

Here’s my editorial content list for this series of posts:

  1. Research – the good news is that social media enables ‘lurking and listening’. It’s easy to find and listen in on the relevant conversations that are occurring. The bad news is that this is time consuming. The conversations evolve and you need to keep up to date. Ideally all stakeholders will have their ears and eyes on the appropriate conversations. A (formal or informal) back channel needs to be established for information sharing.
  2. Involving client personnel in the process. This is a biggie. They’re busy people, and they’re crucial to the success of any content marketing or social media endeavor. They need to understand this (the best way is for the CEO to make it a priority). I specifically target sales people because they know what questions prospects need answered, what objections need to be overcome, and the competitive land mines that need to be defused.
  3. Development of target personas. You can’t create compelling content if you don’t have a clear idea of who you’re speaking to. What’s relevant and useful to one person is irrelevant and useless to the next. Target personas should include current customers, and targeted bloggers/media/PR types in addition to prospects.
  4. Determine your content strategy and who is responsible for executing each task. Include an editorial calendar, deadlines, information sources, etc.
  5. Messaging – what specifically do you want to communicate to each target type, and what do you want them to do (what constitutes a ‘conversion’)?
  6. Include distribution, outreach and socialization… the mechanics of how you’ll get your quality content in front of your target audience.
  7. Develop a feedback loop. We’re back to listening here. Track blog comments and reply to them when appropriate. See who retweets or mentions your content in discussions. Make it somebody’s job to document and enter into the CRM system (there are tools available to automate this process).
  8. Budget accordingly. Social media is an extremely cost effective marketing tool, but it isn’t free or even cheap. Understand that it requires a significant investment of time. Ensure that the people assigned are sharp and experienced enough to make this a successful endeavor.

Please let me know if I missed anything (I’m sure I have). We’ll take one topic at a time and within a couple of months, we should have a blueprint to follow to ensure our carefully developed social media strategies are executed successfully.

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Crucial Components for B2B Social Media Success

Sunday, August 29th, 2010

Success in B2B social media marketing is like success in every other endeavor. It requires thought, planning, time and effort. Your social media plan must:

Social Media Marketing2 258x300 Crucial Components for B2B Social Media Success

1. Include input from Sales. If you haven’t already, align Sales and Marketing. You can’t afford not to. Sales should be immersed in the conversations taking place with prospects offline. That information is critical to success in migrating, extending and amplifying those conversations online.

2. Be no longer than six months. You can’t plan beyond that. The conversations you need to be having with suspects, prospects and leads is influenced to a significant degree by the environment. Things change in a hurry. Your plan should define how you’ll adapt, not predict the future.

3. Develop and define target personas. Who are you trying to reach? What are their interests, needs and wants? If your content isn’t relevant and useful to that person; it won’t be consumed, remembered or acted on. You have to know, specifically, who you’re engaging in conversation. What’s relevant and useful to one person is irrelevant and useless to the next.

4. Include search engine optimization (SEO), link building, and probably paid search, too. Place your QUALITY content where your targets are congregating online; and take the extra step to PULL others to your blog and website. If they can’t find you on Google, you don’t exist.

5. Have a content strategy that doesn’t assume ‘existing resources’ will do the development. Beyond the strategy itself, this is the most important piece of the plan. Hire someone (either permanent staff or an outside consultant) as a dedicated resource… someone who is an expert at content development. That means not only an excellent copywriter, but one who has SEO skills, and one who understands how to deploy multimedia to communicate your messages quickly, clearly and persuasively.

6. Include distribution, outreach and socialization… the mechanics of how you’ll get your quality content in front of your target audience (which includes not only prospects, but influential people in your industry, in the blogging world, in the media, etc.); and give them the tools they need to comment and distribute.

7. Build in an analytics plan. List key performance indicators (KPIs). What are your goals? They should include traffic, blog comments, retweets, and conversions. This last, conversions, are where the rubber meets the road. What action(s) do you want your targets to take after consuming your content? That must be clearly defined up front. Google Analytics will give you reams of data for free. You don’t want reams of data. You want the half dozen or so stats that will give you a good idea of how well the plan is meeting its goals.

8. Serve existing customers. It’s easier to keep existing customers than it is to obtain new ones. Does your social media marketing plan lay out how you’ll keep your current customers informed and happy? Social media isn’t only a marketing tool. It’s also an excellent research, customer service and PR tool. Make sure your plan leverages it across all those departments.

9. Include Facebook along with Twitter, LinkedIn, and Foursquare. There are so many people on Facebook you’d be crazy not to try to reach .01% of them. Also look at niche social networks that may aggregate your targets. Once the content is developed, there are tools that automate the process of distributing to these platforms.

10. Follow through. After the content is distributed, you have to follow through. Your social networks must be monitored; and questions and comments must be answered. That’s the essence of  conversation. Listen.

11. Build your house list. It’s your most valuable marketing asset. Your plan should include integration of the various social media platforms into your Customer Relationship Management (CRM) system.

12. Include a feedback loop. You developed relevant and useful content for your target audience. You distributed it. You socialized it. You listened and gathered intelligence re what your target thinks of your messaging. You’ve seen which content drives traffic and conversions, and which doesn’t. Feed that information back into the plan. Tweak, and repeat.

13. Be reasonable. There’s a perception that social media is low cost. The price of admission is practically zero, but social media marketing is a process. It requires a significant investment of time. You must listen, participate, and converse over time. Budget money and other resources accordingly.

14. Do the math. The easiest way to check on #13 is to do the math. Your social media plan should put a dollar value on a customer, and provide a worst-case cost estimate for acquiring that customer. Your customer acquisition cost, using social media, should be no more than a few percentage points of the lifetime value of that customer. If it isn’t, something is wrong with either your plan or your pricing.

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Enable Your B2B Sales Force with Fresh Info Straight from the Source

Tuesday, July 20th, 2010

The past doesn’t equal the future. Change is pervasive. There’s a major upheaval in how products and services are being bought. This upheaval is caused by:

  • changes in technology,
  • changes in economies,
  • changes in the perceptions of value,
  • a power shift from the seller to the buyer,
  • and a reversion back to the natural human interactions of commerce.

There needs to be a corresponding upheaval in how products and services are sold. Social media is contributing significantly. It enables a natural give and take between people. It’s a paradigm shift that is changing how business is conducted. The last 75 years or so (comprising the rise, reign and fall of the mass media selling model) were an aberration.

MultipleConversations Enable Your B2B Sales Force with Fresh Info Straight from the Source

Back to the Future – the Bizarre Bazaar

It may feel like today’s world of transparency, social media, digital relationships and reputation management is something exotic and new. It’s not. Mass media and push marketing (and to a lesser degree brand building) are no longer working because they were an anomaly, brought about by an artificial marketplace. The good news is we are reentering a more human way of conducting business. The bad news is most of us have to unlearn our sales and marketing habits.

So what are we supposed to do?

CONTENT. CONTEXT. CONVERSATION.

Value is communicated over time through a series of interactions between your company and your prospects. However, this value isn’t transferred from business to business. It’s achieved through conversations that individuals from your company have with specific people within an account. B2B sales are the result of many discrete conversations, and value is best communicated when those conversations focus on a common goal: solving the client’s problem.

Strong customer relationships are built over time, through a series of value-added interactions between various people from the buyer and seller organizations. Nevertheless, most B2B companies fail to use key conversations as input to formulate go-to-market strategy for subsequent sales efforts.

Digital versions of these conversations are happening daily, by the millions, in social media (AND THEY LEAVE AN AUDIT TRAIL)! The value of this information is astounding. Participate. Learn how to leverage these conversations. You can bet your business your brightest and toughest competitors are immersed in it.

Here’s what I’ve learned in working with my clients on social media. Common mistakes include:

  • Relegating social media to the most junior person on the Sales team.
  • Investing 10 or 20 hours in it, and declaring it a failure.
  • Treating it as a peripheral endeavor – something not core to the success of the business.

On the surface it makes sense to have a junior (i.e. young) person handle social media. After all, they understand this stuff, right? Yes… they understand the platforms and technologies. The danger is that they typically don’t have a deep understanding of your business, the industries it serves, and (HUGE) the nuances of interacting with clients and prospects. Social media are conversations. What is said, and how information is delivered, are extremely important. Sophisticated people skills are required.

Social media is relatively inexpensive. The price of admission is almost zero; but leveraging social media effectively takes a considerable investment of time. Social media reflects how we interact in the offline world. You must spend time listening and learning about the people you want to interact with; and then you must earn their trust. Plan on spending 10 to 20 person hours a week for a couple of months before you see a tangible payback. Too large an investment? It’s either that or compete on price. You choose.

Social media should be an intrinsic part of your business. It can drastically improve the effectiveness of everything from Customer Service to Marketing (including market research and PR) to Sales. Assign or hire a fairly senior person to manage your social media activities across your organization; and give that person a seat at the table along with the rest of your executives. This person will deliver significant value (more than you can imagine) if you give them the time, resources and respect that they deserve. Expect them to deliver documented, winning go-to-market strategies. Integrate them into the formulation and execution of your business development efforts.

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IT Sales and Marketing Must Adapt

Wednesday, June 23rd, 2010

First it was the Internet; then it was the recession; and now it’s Social Media. They all changed the way IT buyers buy. And each of those changes has created the need for IT Sales and Marketing people to adapt.

Social media and search have irreversibly merged the worlds of Sales and Marketing. Where marketing messages and sales relationship building begin and end is a moving target. So SMB IT providers must adopt a new set of marketing-related behaviors to thrive in this new environment.

SandM Alliance 300x223 IT Sales and Marketing Must AdaptSelling evolved long ago from an act of presenting and closing, to one of educating and consulting; but access to information via online sources (rating sites, filtering social media streams, and tools for competitive analysis) has changed the game.

Over the past five years B2B buyers have learned to research online. They don’t want to see or talk to a salesperson until they’re nearing a buy decision. That means Marketing, specifically online marketing, must create demand, nurture leads and keep them engaged until they’re ready for Sales.

Some businesses are attempting to meet this challenge by expecting salespeople to learn the ins and outs of the internet as a sales enabler, while also carrying a quota, building relationships, managing accounts and internal resources, upselling current customers, and prospecting! That’s a great way to set your salespeople up for failure.

My clients – SMB (20 to 100 employee) IT providers (hardware, software and/or services) have been evolving and they need to continue to do so. My experience with them (MSPs, SIs, VARs), is that they’ve been struggling to transition from a direct sales model to a model that better fits how their prospects want to buy.

SMB IT providers are still trying to get their web channel aligned (if they even understand that the web is their de facto channel to market). Now there’s another paradigm shift; and that’s social media. There’s the added challenge of figuring out how to reach prospects through blogs, LinkedIn, paid search, personalized email, and the new question burning up Twitter today – should we buy promoted tweets?

I want to draw an analogy here to earlier forms of media. Books were invented hundreds of years ago and they’re still going strong. Newspapers and magazines were invented later, and they’re still here, maybe not so strong. Radio is still here. So are movies and TV.

With each paradigm shift, the old way wasn’t destroyed, it was added to. That’s the situation with SMB IT providers – there’s still basic selling of boxes going on and that will continue, but there’s no margin in it. There’s still consultative selling of solutions going on, and that will continue, but now the prospect is in the driver’s seat and margins are under pressure. Effective Marketing (content marketing, inbound marketing, online marketing, social media marketing) can reduce the Cost of Sales and help IT providers to maintain margins.

There are no more blind dates. Your prospects can learn just about all there is to know re your company, your products and services, and your personnel. Some of my clients say, “Then let’s not tell them. Let’s leave that information off our website. Let’s not participate in social media. Then they’ll have to speak to our salespeople.” I disagree… vehemently. No SMB IT provider is selling any solution that prospects can’t find elsewhere. If your site doesn’t contain the relevant and useful information that people need to make an informed decision, you’ve already lost the sale.

In order to beat the competition, you need to be playing the social media game, and you need to do it well. There’s a misconception that social media is free. The platforms typically are free. Using them effectively takes time, knowledge (platform knowledge, but also business and people knowledge), and a well thought through strategy.

I have a client who asked me to help him find a recent college grad to do his company’s social media marketing. He figured that there are plenty of recent grads looking for work and they understand this social networking stuff. We couldn’t find anybody. There were plenty of applicants, just nobody capable. They didn’t understand business. They couldn’t discern what was appropriate communication, and what was not. They didn’t know the industry. When a client or prospect engaged them online, they didn’t comprehend the context of the message. They couldn’t reply in a meaningful way.

Social media is conversation. You need to make sure your end of that conversation is interesting, knowledgeable, relevant and courteous.

Social media presents a gigantic opportunity for SMBs. You can engage your prospects where they’re already congregating online, build credibility in your expertise, and (over time) gently persuade them to purchase from you. This takes both Sales and Marketing participation (and cooperation), time, effort, some money, planning, and a willingness to develop processes. It takes a concerted effort over time and across platforms. The payback is orders of magnitude greater than the Sales and Marketing ROI you’re used to.

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Torturing Leads vs. Nurturing Leads

Tuesday, May 4th, 2010

I used to think the worst thing my clients did to qualified leads was to ignore them once they found out they weren’t ready to close this quarter (or even this month).

Complex, high-ticket B2B solutions have long sales cycles. If you have a qualified lead (they have the need, budget and authority), keep them engaged and nurtured. There are right and wrong ways to do this. I’ve seen clients waste time and money on what they think are ‘nurturing’ activities, only to end up with annoyed, tuned-out prospects.

Here’s my list of Lead Torture vs. Lead Nurture:Torture 150x150 Torturing Leads vs. Nurturing Leads

Lead Torture – calling leads just to ‘touch base’ (“Are you ready to buy yet? I need to make my quota.”). Lead Nurture – calling leads when you have something to talk about, something that is of interest to that individual. Having a valid business reason to make the call.

Lead Torture - Tweets about mundane or arcane (too techie) matters; salesy, obviously self-serving Answers and Discussions on LinkedIn; invitations to become a fan of your company page on Facebook. Lead Nurture - a thought through, coordinated social media plan that has an objective, is congruent across platforms, and consistently delivers interesting, meaningful and/or entertaining information.

Lead Torture – sending the same, tired brochure (or case study or white paper) over and over again. Lead Nurture – sending new, relevant and useful information on a regular basis (blogs are a great way to accomplish this AND improve your SEO at the same time).

Lead Torture – sending weekly emails, written by whichever technician wasn’t billed out at the time, containing technology feature dumps. Lead Nurture - sending a weekly email that curates news items from the Net; items that are of interest because they’re related to that prospect’s industry, business role, etc.

If you’re going to do it, do it right. Otherwise you’re training your leads to dismiss your messaging and your company.

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