Posts Tagged ‘execution’

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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B2B Social Media’s Dirty, Big Not-So-Secret

Tuesday, January 4th, 2011

Everybody knows what to do and how to do it. If you don’t, there are dozens of good books on the subject, and hundreds of consultants and gurus (some excellent, others not so much). We know social media marketing is extremely effective, yet (for SMBs at least) it isn’t delivering the results that it should. Why not?

EXECUTION!

Everybody who works in SMB B2B marketing is well aware of this. The agencies, the consultants, the gurus… even the clients know it. From the client side they tell me, “Everybody wants to be a strategist. They come in and set up our blog, develop our content strategy, launch our company profiles on Facebook, LinkedIn and Twitter, and then they go away.”Ghostown4blog 300x220 B2B Social Medias Dirty, Big Not So Secret

What I hear from my fellow marketing professionals is, “The clients won’t invest in the process. Nobody on the inside ‘owns’ social media marketing, so it doesn’t get done. They asked me to develop the content on an ongoing basis, but I can make much more money (and have more fun) developing strategy.”

I’ve worked with three clients so far who came to the same solution; and at first, I thought it was a good idea. They all said, “Let’s find a recent college grad. The kids all understand this social media stuff, and there’s tons of them looking for a job.” Three times tried, and three times failed. Why? The kids do understand the platforms, and the peer to peer communications in a social context. They’re too young to understand business. They don’t know how to have a nuanced sales conversation with a seasoned business person. And they don’t have the industry (for my clients, that’s IT) experience. I’m sure there are exceptions to the rule, but those young men and women won’t work for $15 an hour even in this economy.

So what do we do? Perceptions are changing. The social media gurus are beginning to understand that the land grab is over. It’s time to start homesteading. Less blue sky strategizing (and sky high consulting fees) and more day to day work (which can still be fun and rewarding). There will also be less frustration over perfectly good strategies going to waste due to a lack of execution.

On the client side, people are finally internalizing the message that marketing (including social media) is a PROCESS. It has to be worked on every day. The ROI of social media marketing is mind boggling when compared to print and broadcast advertising. Clients are beginning to understand that they have to (whether by hiring full time personnel, or subcontracting to outside vendors) pay professionals a professional rate.

I think 2011 is the year that businesses get past this social media marketing stumbling block. At least the winners will. If you want to learn more about what acSellerant does in this space, please visit our landing page about ghost blogging. We have similar services for all types of online and offline content development.

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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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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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MSPs Building Trust

Monday, March 29th, 2010

I’m reading ‘The Speed of Trust’ by Stephen Covey Jr. It’s a great book. The basic premise is that everything happens faster within organizations where there’s trust. Time is money, so organizations that don’t engender trust burn through more cash to accomplish the same amount as their more trustworthy competitors.

It got me to thinking about how we at acSellerant might help our MSP clients build trust with their prospects. Using Covey’s universal tenets, I’ve come up with the following guidelines:

Talk Straight

Tell the truth. Be transparent. Work hard to communicate clearly so people understand exactly what to expect. Communications can get foggy for many reasons. What I see most are these three:

  1. You’re rushed – slow down, make the time, think it through. It’ll save time in the long run.
  2. You don’t completely understand the function/process/technology yourself – do your homework. Don’t communicate to the client until you’re confident you understand.
  3. You understand a complex function/process/technology very well – be aware that the client may not be as versed in it. Slow down. Don’t use jargon or acronyms.

Right Wrongs

Mistakes happen. When they do, come clean immediately, apologize, and make it right. See what you can do to prevent the mistake from reoccurring.

Get Better

This is one I think most MSPs do well. They have the systems and the metrics in place, and they’re constantly trying to improve service levels. That’s great, but your clients are probably unaware of it. Think about things from their perspective. You know that fewer help desk calls means more profitability for you. The case can be made that fewer help desk calls also means better profitability (or at least productivity) for your clients. If you have stats that show you’ve brought the number of help desk calls down over time, SHARE THEM with your clients, and connect the dots for them re increased productivity.

How many other metrics that you work to improve can be framed as a benefit to your clients?

Listen First

We all know this is important, but most of us don’t practice it as often as we should.

Covey has thirteen tenets, but I think if you put the four I’ve listed above into practice 100% of the time, the rest will take care of itself.

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How Do You Communicate Value in a Digital World?

Wednesday, December 2nd, 2009

A client said something to me last week that I want to share with you. He asked me, “How do we communicate value in a digital world?” I asked him what he meant.

He said,  “Our services are virtual. We remotely monitor our customers’ systems and applications, and we fix things before they break. We used to get to play the hero now and then… swooping in when there was trouble and saving the day. How can we communicate that kind of value when we’re invisible?”New Image 150x150 How Do You Communicate Value in a Digital World?

I know the answer, and I’ll share it with you in a minute.

On an earlier visit to that same office, I was asked to wait in the reception area for a few minutes until my client (the VP of Sales) was finished with a con call. So I sat and checked my phone, etc. I couldn’t help overhearing a conversation coming through the open door of their Help Desk area. One of the technician’s was busy relating how he had ‘helped’ a recent caller. She had phoned with a question that this technician considered “stupid”. He recounted (to the amusement of his peers) the conversation during which he solved the problem… and humiliated the caller.

At the time, I decided it wasn’t my place to mention this to my client; but his question was the perfect opening.

How do you communicate value in a digital world?

You make damn sure that every customer touch point is pleasant and reassuring. That Help Desk call was an opportunity for the technician to establish rapport, help the woman with her problem, and make her feel important. She is important. Her company is paying that technician’s salary.

I can divide my clients into two categories. Those who realize that so-called ‘soft skills’ are just as important as technical skills, and those who don’t. Guess who’s more successful?

If you’re remote, and your customer touch points are limited to an occasional phone call, an email now and then, and your website; make the phone conversations, emails and website as high quality as you can. Make them the Ritz-Carlton of phone conversations, emails and websites. If they’re the Holiday Inn Express of phone conversations, emails and websites, that’s how your clients will perceive your business, no matter how sophisticated and skilled your people are.

Evaluate your entire business. Look at every customer touch point and make sure that the employee (or digital entity) involved is not only technically competent, but is delivering Ritz-Carlton level service.

When that’s fixed, start (and maintain) a social media campaign. That’s how you develop digital relationships. More on that in future posts.

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Marketing Defined

Friday, August 28th, 2009

Let me preface by saying this isn’t a textbook definition of ‘Marketing’. It isn’t how the American Marketing Association, or Proctor & Gamble, or even Apple would define it. This is Bob Leonard’s definition of ‘Marketing’ developed over many years of learning what works best for my clients – small to medium sized (SMB), information technology (hardware, software and/or services), business to business (B2B) companies.

Marketing Sign Post 150x150 Marketing DefinedBrand communicates the ‘personality’ of the company and its products and services. Some people mistakenly believe that brand must be communicated through advertising and other promotional activities. Not!

The C suite should define and communicate what a company is about, so employees understand and transmit the brand message. ‘Brand’ is communicated through all customer and prospect touch points.

I define Marketing as “anything that helps Sales close profitable deals”. Branding is a part of that, but only a part. It’s an input to the process of Marketing.

Marketing can be used as a tool to help management develop market strategies (for each product/service) – which are built upon detailed descriptions of target prospects. Once we know exactly who will buy each product and service, and why, we can determine the best

  • messaging (benefit statements, value propositions, etc.)
  • offers (what will make them take action?)
  • vehicles (the most effective ways, online or off, to reach them).

Marketing can inject discipline into the Sales process. It can force the development of a strategy, plan and budget that eliminate one-off, shoot from the hip promotional efforts that do nothing to increase profitable business.

Marketing is a process that is composed of many parts. When conceived and executed properly, the return on investment is significant. Marketing is the planting of a seed, and the nurturing of that seed over time. Just as a farmer must water, weed and feed for months before reaping the benefits, Marketing takes time.

Marketing exists because Sales, by nature and due to compensation plans that reward short-term results, is unable or unwilling to perform that nurturing process. They just don’t have the time. Optimal results are achieved when Sales and Marketing work together. When each:

  • understands what the other is doing and why,
  • agrees on who is responsible for what, and
  • can clearly articulate a mutual definition of a ‘qualified lead’.

Marketing performs demand generation activities, and hands off warm, engaged leads to Sales when the time is right. Sales can then spend its time nurturing relationships with current customers to deliver upsells and repeat business; and developing and closing profitable deals with qualified leads.

Over time, I’ve devised a methodology for developing and executing effective ‘Marketing’ for my clients. The basic format is: ‘Strategy. Content. Design. Tools/Vehicles. Test/Optimize.’ More in upcoming posts.

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