by tradesmeninsights | Jan 21, 2010 | Marketing Trends, Social Marketing
Small businesses must have been listening when it came to PSEO. According to data from WebVisible, search advertising has sharply increased in Q3 of ’09. According to a recent post on eMarketer.com, small business search spending by smaller companies was up 91% year over year. The average number of key words purchased was also up.
Other highlights from the study showed spending shifts among the key search engines with Google losing about 5% and Bing gaining almost 3%. Bing brought the small business owner the highest click through rates than any search engine. (Not a bad stat since they’ve only been around since June of this year.) Most click throughs went to the advertiser’s Web site and the fastest growing conversion action was video viewing.
Vertical Response cites that 45% of small businesses planned to up their spending next year.
So what are your plans?
by tradesmeninsights | Jan 20, 2010 | Marketing Tips, Social Marketing
When it comes to social media, many marketers first concern is on “How” are we going to use social before the “Why.” They should really first consider the “who” are we trying to connect with and “What” do we bring to the party. Although marketing, most of the time, takes the lead in social media, it really involves the whole company starting with those that touch the customers – sales, customer service and tech support are a few that come quickly to mind. Marketing can’t create a spin campaign and push it out to customers. Social isn’t about you, it’s about the customer and what they want and need.
Valeria Maltoni in a recent post, Developing a B2B Content Strategy: Starts With the Who, outlines issues that marketing should consider when developing a social strategy. She notes that to stay ahead you need to adapt and evolve using your experience and expertise to serve your customers. It’s a good read.
What are you doing to get better connected with your audience?
by tradesmeninsights | Jan 19, 2010 | Marketing Tips, Marketing Trends, Social Marketing
For those of us who I will call “Seasoned Veterans” (been in the B-to-B world for more than 15 years), we’ve seen major changes in they way people get info and go through a buying process. Those who are successful today are the ones who have adapted and embraced the changes as they have come along. Let me explain the evolution.
Before the Internet: Product info wasn’t easily accessible, and the only way you could get info is to talk to a salesman. The salesman controlled the buying process and in many cases, they weren’t trusted. It was a one-way conversation where the salesman was doing most of the talking.
Introduction of the Internet: Now customers were able to go on web sites (yours and your competitors) and investigate what was out there to make a better informed decision. They found what they were looking for by going to this new tool, e.g. Google, that allowed them to search by using key words and phrases. Some sites even told you where you could actually buy the product. More advanced sites “in the day” even let you buy the product online. The role of traditional sales was changing. With the introduction of e-mail, people could now ask more questions and make more informed decisions. Marketers had to create content for the web with webinars and white papers trying to convince prospects to buy. The playing field now was more even where the customer had more options and control over the process.
Introduction of Social Media: More and more information is available now, and it’s not necessarily from your web site. People now access LinkedIn, Facebook and Twitter to see what’s been said about your product or ask questions of their peer group on which products are better and why. There are blogs, forums and online communities where you can go and get an honest answer (recommendation) from another consumer. You’ll notice I haven’t mentioned anything about the company sales force being engaged to this point. With social media now on the scene, buyers take control of the buying process and as a result, don’t engage a salesman until they are much farther down the sales cycle.
For those who still aren’t convinced Business.com recent Social media best practice:Question and Answer forum report interviewed over 1400 individuals of which 69% currently work at a business that uses social media.The chart below indicates what social can do for you.
So what does this mean to us old timers?
- It means times are changing.
- It means that the consumer is now driving the bus.
- It means if you don’t jump on in some fashion, the bus will leave without you.
- It means we all have to change.
We as humans don’t necessarily like change. It makes us get out of our comfort zone. Social media is just another way we can do our jobs better. It can be a place to follow market trends, monitor brand sentiment, network and even identify unhappy customers. Don’t be afraid of it and don’t be overwhelmed. Start somewhere, go slow, ask for help. As marketers, we need to adapt.
by tradesmeninsights | Jan 14, 2010 | Marketing Tips, Social Marketing
For those of you who want to get a great overview of ways to build relationships, both off-line as well as on-line, I’d suggest you read Trust Agents, by Chris Brogan and Julien Smith. What you learn are common sense ways to let people get to know, like, and trust you, and hopefully do business with you.
Most of the things you should already be doing in one form or another, but they show you how, by tying them all together, you have a better result. It’s an easy read, and they don’t bore you with the how to get the best out of Twitter or other social tools. They are concerned about the basic processes of building trust which will never change.
Gentlemen, good job.
by tradesmeninsights | Jan 13, 2010 | Marketing Tools, Social Marketing, Traditional Marketing
In an ideal world, every lead from every source would be waiting to hear from you so they can place an order. Please pinch yourself and wake up, this only happens in dreams! People respond for different reasons and it’s marketing’s job to sort out the wheat from the chaff in the lead generating process.
So many programs fail because the leads sent out to the sales force haven’t been qualified. The guys in the field are hunters and gatherers, and if someone isn’t ready to buy, then they are put in the dead file. Just because they aren’t ready to buy today doesn’t mean that they aren’t a prospect.
There are different stages in the selling cycle from awareness to loyalty and advocacy. Each stage requires a different message in order to move them up the development ladder. If you can identify what stage a lead is in, marketing can nurture leads along until they are ready to buy.
by tradesmeninsights | Jan 12, 2010 | Marketing Tips, Social Marketing, Traditional Marketing
We’re all used to doing surveys after the fact to make sure the customers are satisfied and to see if you could be of additional service. Not many of us, though, think of surveys as a way to identify where the prospect is in the buying cycle and what the best way to communicate with them is.
I recently read a post by Stephan Dietrich of Neolane Inc. where he outlined ways to use surveys for this purpose. He suggests that e-mails and surveys can work well together.
One example he gives is that of a user downloading a white paper from your web site. If a few days later you can send him a survey, you can not only find out what their thoughts are on the paper, but also determine where they are in the buying process and maybe give them a limited time discount offer. While most results won’t end this quickly with a sale, it does give an opportunity to continue the conversation with the prospect and nurture them through the sales process.
Social media can be used to both identify and start conversations with potential buyers.
How are you using surveys to help generate leads and sales?
