by tradesmeninsights | Mar 9, 2011 | Marketing Trends, Social Marketing
Some people still don’t see the advantage of Twitter as a B-to-B tool. According to ExactTarget’s “Subscribers, Fans and Followers” report, it concludes there is influence on customer loyalty between e-mail, Facebook and Twitter.
- Daily Twitter users who follow a brand were twice as likely as daily Facebook users who “likes” a product to purchase it.
- A third of Twitter followers said they were more apt to recommend a brand that they follow.
This would make Twitter followers more attractive to marketers. That’s the good news. The better news is that these Twitter followers currently represent a small base (3% in the US), so as they grow, so do your opportunities.
Are you using Twitter, and are you finding success with it?
by tradesmeninsights | Feb 17, 2011 | Marketing Trends, Social Marketing
Content is the most important asset in using social media for new business.
I think we all agree that one of the main reasons we’re in the social media scene is to generate new business. What we need to do is put our brand out there along with original content so our thought leadership will come through no matter what business you’re in. So when you’re planning your content this year, make sure to focus on what your readers want to know.
According to a social media study by King Fish Media, HubSpot and Junta42, original content, both branded and expert, is by far the most employed tactic for social media.
“Next year [2011], marketers will need to rethink their approach to advertising and marketing and intensify their focus on creating magnetic content that will naturally attract consumers, rather than relying solely on the interruption model of advertising, which consumers are responding to less and less. Think pull vs. push.” Geoff Ramsey, CEO, Co-Founder of eMarketer
Here are some Content Marketing resources that will provide you with some best content creation practices along with unique insights, practical advice and tips:
Tips on How to Get the Most out of Social Media Marketing.
More Corporations are Blogging: Is Yours?
5 Helpful Hints to Attract New Business Using your Blog.
7 Ways to use Twitter to Generate Traffic and Leads.
5 Ways to use Content Marketing to Attract New Business.
Click on the following link for a downloadable copy of the study by King Fish Media, HubSpot and Junta42, 2010 Social Media Usage, Attitudes and Measurability: What Do Marketers Think?
by tradesmeninsights | Feb 16, 2011 | Marketing Tools, Marketing Trends, Social Marketing
According to a recent article in eMarketer.com, interest is high for smart phone users who are relying more on their phones when they are out and about. They use their phone to get pricing information and check their status on loyalty programs for coupons or to access their points.
Now it may be a bit premature for manufacturers who are targeting the professional tradesmen to focus all their efforts on this medium, but I think it would be a mistake not to include them in current or future loyalty programs. Consider these facts from a survey conducted in October 2010 for Hipcricket by Zoomerang:
- 35% of those surveyed would be interested in a mobile loyalty program
- Only 9% currently participate in such a program.
There was even greater interest in loyalty programs members could join via brand’s pages like Facebook. That’s the good news. The bad news is that most brands are not letting them participate in this manner.
The bottom line here is to keep this option on your radar screen because the trend is moving that way.
If you like this post, you may like:
QR Codes: Are Manufacturers Missing an Opportunity?
White Paper: Trends in Mobile Media
by tradesmeninsights | Feb 10, 2011 | Marketing Trends, Social Marketing
Social media is beginning to make an impact on businesses, and a friend of mine, Michael Gass, shared with me a recent study by SmartBrief that recently surveyed 6,000 of their readers on how they use social media in a business environment.
To effectively use social media for business development, it is important to know who is using social media, how they are using it, what social media channels are being used, what goals are being pursued and tactics deployed that are providing measurable results. The State of Social Media for Business 2010 report, released at the beginning of 2011, provides information on the biggest trends and challenges.
Here are eight select themes and data points from the survey (purchase the full brief for more in-depth details):
- Most companies surveyed have adopted social media in the past 18 months. About half of the companies in the sample have been using social media for only the past year, with nearly 20% starting in the past 13 to 18 months.
- Companies are focusing their energies on Facebook, Twitter, LinkedIn, YouTube and blogs. The concentration on “the big 5” hints at companies being able to find their customers on these sites. With lower awareness and/or usage of other sites, including platforms such as Flickr with large numbers of users, companies might be missing out on more niche groups.
- It takes time for companies to incorporate social media effectively. More than 25% of companies with two-plus years of social media activity state that those tools and platforms have been fully integrated into their companies’ business models. In addition, more than 50% have a well-developed or fully developed social- media strategy, which is further evidenced by the use of multiple platforms.
- Brand building is currently the primary purpose for business social-media usage. Despite the primary goals of increasing brand awareness and building communities for customers and fans, the majority of companies surveyed use social media to broadcast information instead of creating two-way conversations.
- Communications, advertising and marketing agencies are the leading adopters of social media. Communications and PR agencies recognized the potential behind social media earlier than most industries. Likewise, advertising and marketing firms have realized the potential of identifying and reaching target audiences relatively early as compared with other industries. Despite their early presence in social media, communications and PR firms are not the chosen source of advice or consultation on social media for companies.
- Lack of management support and confidentiality concerns are atop the list of obstacles to social-media adoption. One-third of the respondents note they are not decision makers. Combined with the 14.7% citing management resistance, this indicates an overall lack of management support. In addition, 33.1% cite confidentiality issues as a primary obstacle. Taken together with the prohibition of social-network use at work, the data show that many companies are concerned about how their staff would use these sites.
- Less than 15% of the businesses using social media are measuring return-on-investment. Connecting social media efforts to bottom-line results is a skill that escapes most businesses that are using social media. Over 33% of the businesses in the sample are not measuring return on investment at all. Among those innovators who are measuring social media, most focus on usage and incoming traffic but not traditional business metrics.
- While 60% of respondents say their companies are using social media, there is low confidence in their social-media strategies. Companies are critical of their social-media strategies, with only 14.2% describing their strategies as “very effective” and only 7.3% describing them as “very revenue generating” on average.
These are a few of the report highlights of where businesses are in their social-media usage, confidence and measurement. The full State of Social Media for Business 2010 is available for sale from SmartBrief: http://www.smartbrief.com/research/ and includes:
- 145 pages
- 213 charts and graphs
- 6 data cuts
- Key indicators of social-media integration
- Comparative data based on company size and industry focus
- Benchmarks to assess where your company is on the social-media adoption curve
- An introduction by social-media expert and SmartBrief on Social Media Advisory Board member, Olivier Blanchard
by tradesmeninsights | Feb 9, 2011 | Marketing Trends, Social Marketing
My blog is an integral part of our total overall marketing program. We use it as the hub of our lead activity and think most B-to-B companies should be blogging as part of their overall marketing efforts. To that point, there’s a new white paper out authored by Tony Karrer and Tom Pick that asks industry leaders (and mine) their thoughts.
Blogging is often viewed as the core component of a B2B social media marketing strategy, and other than discussion forums, it’s the most mature component of social media. Facebook, Twitter and even newer tools like Quora may be sexier and get more attention, but blogs are the workhorses essential to making social media marketing work. Research from HubSpot shows that small businesses with blogs have twice as many Twitter followers as those who don’t. Increased search engine visibility, targeted traffic and enhanced brand image are just a few of the benefits of business blogging.
So what’s next for B2B blogging? What trends are likely to emerge in the coming year? To answer those questions, the founders of the B2B Marketing Zone asked 22 of the most influential b2b marketing and PR bloggers—including Roxanne Darling, Jay Baer, Ardath Albee, Erik Qualman and Chris Abraham—for their prognostications. You can get the whole story in B2B Blogging Trends in 2011, a free (and no registration required) white paper from Aggregage (the software that powers the BMZ site). Among the findings:
- If you don’t have a blog yet, 2011 is the year to start one. As less than half of all B2B companies currently have blogs, there’s still an opportunity to stand out and establish thought leadership in your niche. If your company doesn’t have a blog, you’re not a laggard…quite yet. But time is running out to grab the best intellectual spots of turf on the B2B blogging landscape.
- Blogging helps a company demonstrate expertise, it’s ideal for search, and as Blake Landau points out, “As push marketing becomes less effective, blogs become more important.”
- Blogs are not islands; as pointed out above, they are the central point to social marketing efforts. Blogging is most effective when integrated with other communications efforts including PR and email marketing.
- Although there is still opportunity to get started with a business blog, it’s crucial to do it right. Jay Baer predicts an “explosion of bad B2B blogs” in the coming year as companies scramble to embrace the medium, but many fail to do it well. To stand out and achieve business success with a blog, it’s critical to focus narrowly on the information needs of your customers and prospects, as Kristin Zhivago and Harry Hoover both note.
There’s much more. Again, you can download the complete Aggregage white paper on B2B Blogging Trends in 2011 here.
by tradesmeninsights | Jan 25, 2011 | Marketing Tools, Marketing Trends, Social Marketing, Traditional Marketing
Sonnhalter is deeply involved with the professional tradesmen. We recently completed a market overview on the construction industry. The purpose of this document is to give the reader a quick snapshot of the industry, its players and trends. Markets covered are residential, commercial (light commercial), highway/heavy, institutional and industrial/manufacturing.
Highlights include interviews with editors of top trade publications. Also included are associations, buying groups, trade shows/meetings, industry trends and media publications.
To sign up to receive a copy of the Construction Market Overview, click here.
