by tradesmeninsights | May 15, 2012 | Marketing Tips, Marketing Tools, Marketing Trends, Social Marketing, Traditional Marketing
The reality is you can’t be all things to all people. Pick a side, draw a line in the sand. Your company will be better for it.
Content marketing over the last few years has become the big buzz word and is often associated with social media. While it can be used to foster social media relationships, content marketing goes way beyond that. As a matter of a fact, it defines who you are and what you stand for.
Years ago you had limited ways to communicate your value proposition, not so today. Today specialists not generalists (no matter what field) are the preferred choice when folks are looking for something and they have a multitude of ways to get information about your company. And people like to be associated with leaders.
Let me ask you a question. If you think this assumption is correct, what do you or your company stand for? Have you chosen a niche? Are you considered the leading expert in it? If not, you’d better do it soon or you may not be around in 10 years. So how are you going to define and get the word out about your specialty? Content marketing.
By creating good content and sharing it, you can establish yourself as the thought leader in your niche. You can attract and retain customers by creating and curating valuable and compelling content on a consistent basis.
Ten years ago before anyone heard of social media, companies still stood for something. I believe you’ve heard of IBM or Apple? You knew one was known for main frames and the other for PCs. Today when you think of either brand, what do you think of…computers or other things? IBM may still make main frames, but they got their butt kicked in PCs and are known more now for their consulting services. Apple was defined by the PC, but not today. When you think of Apple, you think phone, tablet and soon TV.
The point is, both of these companies reinvented themselves and used content marketing to help spread the word in different ways. IBM took advantage of both traditional and social media methods to communicate their position. Apple, on the other hand, didn’t rely on social media directly, but worked the social media system by getting great content out to bloggers and others on the social network to create the buzz for them.
What are you doing to spread the word? Are you using content marketing?
I’d like to hear your thoughts.
Here’s a few other posts you might find interesting:
How Are You Managing Your Content Marketing?
Four B-to-B Marketing Efforts That Can Improve Your Results
by tradesmeninsights | May 9, 2012 | Marketing Tips, Marketing Tools, Traditional Marketing
I’ve been around this crazy business for over 35 years, and one of the biggest issues still today is handing off leads from marketing to sales. You would think that with all the technology today it would be easy, right? Not the case!
Several years ago, marketing would generate leads for various sources and pass them onto sales for follow-up. Then one day someone from the C suite asked how much new business are we getting from our promotional efforts? Marketing said we developed X amount of leads and Sales would say they were all crap. Obviously the finger-pointing wasn’t going to solve the question of how much new business are we getting.
Thus started the process of lead management, qualification, nurturing and at some point turning it over to sales with a little more history behind the leads than there were several years ago. Russ Hill from Ultimate Leads calls it the “Transition Zone.” It is the place in time where marketing hands off the lead they so carefully nurtured to sales to close the loop. But in order to do it successfully, you must have a process that everyone is in tune with, and sales needs to make sure to keep info on that lead current in your lead database so we know when a new customer has arrived, from where and what they bought.
A good follow-up marketing system should have three attributes:
1. It should be systematic.
2. It should generate consistent, predictable results.
3. It should require minimal physical interaction to make it run.
What are you doing to ensure you’re getting the most out of your leads?
If you like this post, you might want to read:
Where Are Your New Business Prospects in the Selling Cycle?
How Many Calls Does it Take to Make a Sale?
by tradesmeninsights | May 8, 2012 | Marketing Tools, Social Marketing
Do you know where your customers and prospects are spending their time online? Wouldn’t that be an important part of an overall social media strategy to find and engage them?
If trends continue, social networks will soon surpass internet portals like AOL and Yahoo!
I recently read an article by Phil Mershon in Social Media Examiner that highlighted five ways to use market research intelligence on how consumers behave on social media networks. Although the article is focused more on the consumer side of things, he brings out some points that us in the B-to-B world should take notice of.
Here are some highlights:
- Know where your customers spend their time – Over 21% of internet users spent their time on social networking sites. Do you know where your customers and prospects are spending their time? One way is to ask your current customer base where they find meaningful content.
- Develop content that is relevant to your reader – Content is king and if you want to stand out in the crowd, you need to become a good source for not only product info, but for industry issues. Remember, content isn’t about you but how you can help your customer or prospect.
- Take video seriously – Next to Google, YouTube is the most searched site. Video views have increased 43% and currently over 100 million videos are viewed daily. What are you doing to tell your story and points of differentiation?
- Consider the role of Mobile – 8% of all internet traffic comes from mobile devices. Make sure your website is mobile friendly and that content is easy to consume and respond to.
Using key words and investigating sources on the internet, you can find places where your customers and prospects are spending time. Get there and start engaging them.
If you like this post you may like:
Why a Mobile Strategy is so Important in Reaching the Professional Tradesmen
2012 Trends of Smartphones and Tablets
by tradesmeninsights | May 2, 2012 | Marketing Tips, Social Marketing
So what do you do when someone engages you on a social media platform? Hopefully you respond and give them the info they requested, answered their question or directed them somewhere to get an answer. But then what’s the next step? Hopefully you don’t turn them over to your sales force without first determining where they are in your sales funnel.
Does everyone within your organization understand your different stages in the selling cycle? Most sales funnels were set up for developing traditional leads. A question you must ask yourself is whether social media leads fit into your existing process and if so where? As a rule, social media leads take longer to convert because they are engaging you earlier in the process.
Nurturing social leads needs to be handled differently.This will include decision-making content designed to answer questions, overcome objections and provide opportunities that arise during the purchasing process.
I recently read a good post by Nichole Kelly in Social Media Examiner, 5 Tips for Moving Social Media Leads Into the Sales Funnel that I thought might be of interest to you. She makes useful points from understanding the sales funnel to optimizing the path to conversion and explains why social media leads need to be nurtured differently.
What do you think? Have you successfully converted social media fans and followers into revenue? Are you still trying to figure out how to do this?
by tradesmeninsights | May 1, 2012 | Marketing Trends, Traditional Marketing
I just got back last week from the ISA (Industrial Supply Association) Show in San Antonio, and I have to tell you, if I were a manufacturer, I’d have to think about what I was getting out of that show. Since we represent manufacturers that go to these types of meetings, I thought I’d bring up the subject for some serious conversation.
In theory, it’s a place where manufacturers and their distribution counterparts come together via a format of speed dating where the manufacturer requests meetings with distributors (both existing customers and potentials). Like anything else, there are no shows for appointments. The booth program is a two-day affair and while the traffic was light on the first day, it was almost non-existent the second day.
If I was a distributor and could talk to as many suppliers as I could in a period of a few days, I would think they would want to take advantage of it. The manufacturers, as in most associations, foot the bills. They have to bring in product, booths and their associated expenses. What’s most disturbing is that the ratio of manufacturers to distributors is probably 10 to 1.
I don’t have the answer and I’m not trying to pick on ISA. STAFDA, NAED, NAHAD and many more face the same dilemma. There’s got to be a better way in a shorter period of time to make the most out of these meetings. Back in the day, these meetings were a place to showcase new products and programs, but with internet and all the other tools we have, I would hope at least your current customers would know about anything new.
I do recall that the fall meetings in Chicago for a day and a half at the airport were both efficient and successful. I believe it was due in part because the distributors were in the booth and you did your speed dating, but only the roles were reversed. NAED does this at their regional meetings, and as far as I can tell, the manufacturers like the format.
Any suggestions on how we can get these distributor/supplier get togethers to be better for all parties involved?
by tradesmeninsights | Apr 25, 2012 | Marketing Tools, Social Marketing
This month marks three years since I started blogging on Tradesmeninsights.com. With over 500 posts in the system and over 500 followers who are signed up for my monthly newsletter, I thought I’d reflect a bit on what’s come out of all my efforts over the past three years.
If you’re doing a blog or thinking about starting one, make sure you identify the objectives and expectations at the onset.
Our objective when starting the blog was to talk to those interested in reaching the professional tradesmen and ways you could do that. We also wanted to help educate our target audience (manufacturers) on ways they could integrate social media tools into their marketing mix since most of them were very traditional on how they approach things and didn’t like change.
I can remember back in the mid 90s when websites were the big thing and how even back then manufacturers were the last group to come to the party. For those of you who have been around long enough, you will remember those days. Can you image a business today without a website?
To become a thought leader in marketing to the professional tradesmen was our primary goal. We knew that if folks like you (by the way, if you’re a regular, thanks for sticking around) got benefit out of my babblings, we would eventually connect and might even do some business.
We have established dialogs with several folks and have been fortunate to start doing business with several of them. It’s gratifying to be at a trade association meeting or shows and be introduced to people who know who we are because of the blog. And oh, by the way, we are getting business from our blog which was one of our other objectives.
If you do a blog, make sure you have clear objectives and an audience that wants to learn more.
The reality is you can’t be all things to all people. Pick a side, draw a line in the sand. Your company will be better for it.
