B2B and social media
A simple strategy to convert blog visitors into sales leads
Sep 6th
If you’ve read {grow} with any consistency you’ll recognize Jon Buscall as one of the most vibrant intellectual voices in our community. Today Jon tackles the tough issue of monetizing a blog community in our next installment of Community Week:
So many people (including Mark!) have written about the SEO benefits of blogs that I’m not going to repeat that here. But one thing that rarely comes up is how B2B blogs help businesses convert readers and traffic into sales. Or whether they actually don’t!
Repeat Visitors & Conversion Apathy
If you’ve drunk the business blogging Kool-Aid and worked hard over time to build a strong, vocal community on your blog you might well find that repeat visitors don’t convert into sales. Go on, check your stats!
Regular visitors are there for something else: the community, the discussion, or even the friendships that forms around a successful blog.
As a business blogger it can be worrying to see that even if you’re putting highly visible call-to-actions above the fold the stream of regular visitors to your site forget about your propositions.
Maybe it’s because:
- regular visitors get used to your site and go straight to the content
- you don’t vary the call-to-actions often enough so they become “invisible”
- you don’t maximize the content space you’ve got to pimp your services
- regular blog readers often read your site with a news aggregator like Google Reader or NewsFire.
Why I Love First-time, Unique Visitors
My own experience is that it’s easier to covert first (or second) time visitors into clients with a B2B blog.
Yup, without going into the nitty-gritty of my own site stats, the biggest groups that make enquiries about our services at Jontus Media are, in fact, first timers. They’ve googled something, clicked through to our site and, low and behold decided to contact us (and Oh, boy do I love it when that happens!).
Google Analytics tells us this, but so do our customers when we ask them.
Now this isn’t to say that we’ve got spectacular landing pages or catchy call-to-actions littered across our site; but it does seem to suggest that all that our effort to build a community might be wasted! That in fact, the trust and thought-leadership that regular b2b business blogging generates is spotted by a cursory glance.
Google Analytics tells us that it only takes first time visitors a matter of minutes (or seconds) to convert organic search traffic into sales.
Give Me More !
Now I’m not knocking first time conversions. But I do want more business from that 30 percent of visitors who come back to our website on a daily basis. Even if it’s just a percentage or two.
So when it comes to B2B blog strategy I’ve got a few suggestions for those of us in the B2B business blogosphere who aren’t converting repeat visitors to customers. And want some of it.
Ask Yourself:
- Are our call-to-actions strong enough?
- How is the site working to remind the community that this is a business and that services (or products) are for sale?
- Is the overall site design geared towards conversion?
- Could we refresh the site design more frequently to stop visitors getting blind to our call-to-actions?
- Could we be making more use of our RSS feed to generate leads?
Finally, just to throw the baby out with the bathwater, maybe I’m wrong. And as I write it occurs to me that quite, possibly I am. Maybe I’m going after the impossible. Hell, maybe I shouldn’t think of a B2B blog as a conversion channel for repeat visitors in the first place?
Perhaps a B2B blog could / should just be a means to a different end. A great way of funneling visitors to an email list, for example, to be used for direct marketing.
Or perhaps it’s a word-of-mouth tool to help spread the news that you’re a kick-ass company with creative, insightful, quirky, talented staff.
So go on, help me out here! What can we do to really make a B2B blog a conversion engine? Or are B2B blogs for entirely different things?
______
Jon Buscall is head of Jontus Media, a creative content & communications agency working out of Stockholm, Sweden. You can follow Jon on Twitter.
An interesting interview with SAP’s social media director
Jul 21st
I pleased to present today an interview with William Robb, Director, Social Media Marketing for SAP.
SAP is the world’s largest provider of business software and the social media role is extremely complex. In addition to being a true B2B company, the many software users within these client companies act as consumers of the software and are essentially a B2C audience. Although a global powerhouse, more than two-thirds of SAP customers are classified as small businesses and midsize enterprises (fewer than 2,500 employees).
If you want to see the social web serving communities in a powerful way, I’d encourage you to visit their site. In my recent corporate blogging webinar, I cited SAP as best practice and the company is also a pioneer in user-driven training and support videos and the establishment of diverse and vibrant user communities. Here’s Bill:
Bill, you hold a premier social media marketing position with one of the world’s largest companies. What’s your background and how did it prepare you for this role?
I worked at a full-service interactive agency for many years. We excelled in online direct marketing especially in B2B tech (Oracle & Sun were my main clients). I took a position at Cisco in 2005 in Global Demand Generation but while my colleagues were building traditional direct marketing programs, I was tasked with building the case that we could get greater return if our direct marketing was more customer-centric.
One of the guiding principles was to put our customers in control of our marketing. I built Relationship Email Marketing program that was more personalized, targeted, and often 20 times more effective than our traditional efforts.
With that guiding principle in mind, it’s not difficult to figure out how I ended up in social media marketing when a small team was assembled in 2007. Brand listening, crowdsourcing, etc. are all manifestations of that same idea. It didn’t hurt that personally I was a (relatively) early adopter and active participant in the social web. It’s much easier to understand your customers’ experiences when you’re familiar with the environment yourself.
You could connect to so many possible constituents through the social web. Customers, obviously, but also developers, partners, suppliers. How do you focus your efforts?
I sit in Marketing so end customers are the priority but “customers” at a company like SAP can comprise a variety of audiences (from CxO’s to developers). Depending on the product, audience, and objectives, we might focus efforts in technical forums for developers or build a thought leadership blog for a business audience.
The lame but honest answer is: it depends. Partners are also hugely important in B2B tech. Marketing’s role is typically in partner enablement, but at Cisco I developed a partner influencer program for a product group as a way to help amplify their launches.
Measurement is always a hot topic when it comes to social media. How are you held accountable for results at SAP?
We’re in Corporate so we’re responsible for the SAP brand in social. Our team is ultimately accountable for risk management so we’re doing our job well when there are 0 crises (i.e. detecting problems early and making sure they are addressed).
Otherwise, our objectives tend to be at the top of the funnel so we look at a variety of brand metrics such as competitive share of conversation in key solution areas and brand sentiment as a proxy for customer satisfaction.
At a more tactical level, our team manages the SAP brand social sites (e.g. www.facebook.com/SAPSoftware) where we track the typical interaction levels and drive-to-SAP metrics. On that front, we’re launching a pilot with a social media management tool (Sprinklr) that allows us to aggregate metrics for all SAP social sites and social media interactions. I envision this opening the door for some new measures that we’ll track.
Our bigger task is to measure more of the business impact of social and we are working on a unified view of measurement across three of the major groups engaged in SAP social strategy internally (Marketing, PR, and Communities). Stay tuned.
What has you most excited about your job right now?
Social CRM has some fascinating implications for marketing, sales, and service. As a social marketer, I enjoy thinking about how we need to organize and build processes to support it especially across departments. It’s a challenging but very rewarding part of my job. Working for a company that’s a player in the SCRM space adds yet another dimension to my interest.
You told me you really liked my recent post on busting social media myths. What myth would YOU like to bust?
It’s very popular for Social Media Directors at various companies to say this: “If we do this right, I won’t have a job in a year or so.”
OK, I can appreciate the idealism—social media is so important in so many areas of the business (internal and external) that it’s just going to be part of everyone’s job and having a social media “silo” is counter-productive to that end. My career in marketing has shadowed the rise of the web and its offspring (email, search, social, mobile). These have fragmented the marketing mix to a level that requires deep specialization. And they evolve at such speed that it’s hard even for specialized practitioners to keep up.
Many marcoms still struggle with the complexity of online & email yet we’re expecting them to be social media strategists in 12-18 months too. I just don’t see it. You can build social DNA into every employee (and the business itself) yet still require a team of social media specialists who have deep expertise in the discipline — not to mention a more critical eye for bad behavior. I think roles like mine are going to be necessary for the foreseeable future.
Bill can be found on Twitter at @BillRobbSAP and on LinkedIn.
Can the social web play a role in customer retention?
Jun 24th
The recession has culled the weak from the pack but it’s likely that your competition is still fierce. Is there a way to attract and retain B2B customers without lowering your price? And is there a way to leverage the social web to keep your customers … even in the extreme case of a commodity market?
Holding onto customers in a buyer’s market is one of the most extraordinary challenges in business, especially if you’re selling a commodity (Commodity = purchasers view suppliers as identical on all factors but price, i.e. common coal, steel, or chemicals).
There is usually only one winner in a commodity market — the lowest cost supplier — except in periods of high demand when supply falls short. But there are ways to lock-in customers even in ugly downturns. One strategy I used throughout my career was to create a systematic plan to raise switching costs. By this I mean create obstacles — through valuable benefits — to prevent a customer from leaving you for the competition.
A process to retain customers
This process starts with getting out to your most valued customers and listening. And I mean REALLY listening. We would sometimes have half-day sessions to explore un-met and under-served customer needs that would …
- Improve their competitive position
- Enhance profitability or productivity
- Eliminate waste
- Lower risk
- Increase speed to market
One strategy that uncovered potential points of differentiation was to ask customers what they hated about their job. This always seemed to get people to open up about an idea we could implement to make their life easier! Some other potential approaches to this challenge:
- Solve a customer problem (reporting, data-gathering, analysis/testing) that might add slightly to your cost, but establishes enough value to create a hurdle to switching
- Create a specialized service that would be difficult for competitors to match (we did a specialized truck-return recycling program, for example)
- Work actively with customers to influence specifications and terms that could advantage my company or disadvantage a competitor
- Focus retention efforts on most profitable customer locations
- Look at eCommerce integration options to enhance retention
Notice that all of these ideas go beyond the basics of price, quality and service. Those aren’t strategic initiatives. Those are competitive tablestakes these days.
When customers don’t play nice
This process of listening, reacting and renewal must be continual and integrated through an effective CRM system. But it doesn’t always work.
In the middle of all this great creative marketing work I just suggested is another dynamic. Purchasing may not want you to implement your ideas – even if there is an advantage – because it reduces their flexibility with suppliers. They may even force you to hand over your innovations to competitors. I witnessed this in the automotive market in the 1990s. This ended up hurting customers because when there is no reward for innovation, innovation ends.
Now what about the social web?
Is it possible to develop some distinct value through social media that could create a switching cost? My answer – probably not. The social web might be a tool to listen and tune-in to possible innovations and market needs but I don’t see how social networks can create sustainable switching costs in this part of the sales cycle. It’s free to everyone and easily duplicated by competitors.
However, I do think you can create PRIVATE information networks and communities that create distinct value. For example, one idea that worked really well was a private, unique market information hub for customers who remained in our top tier in revenue.
What are you doing to hold onto your best customers in tough economic conditions? Can you think of any way to leverage the social web for DISTINCT value in a commodity market?
The Great Content Marketing Experiment
May 18th
Here’s a chance for you to participate in a live social media experiment and receive an interesting piece of free research at the same time.
Our friend John Bottom, a regular contributor to the {grow} community, is giving a talk at the IDM B2B Conference in London. To demonstrate the viral power of great content, he’s conducting an experiment over the next 24 hours (May 18-19) that involves YOU!
In preparation for this event, John asked 150 senior marketers attending the conference: “What is the single biggest benefit of social media to your brand – and what is the single biggest obstacle to achieving it?”
He compiled the answers in a snappy little eBook you can download for free by clicking HERE.
In fact, downloading the eBook is the whole point of the experiment. John wants to achieve 1,000 downloads in a single day. It’s free, fun, and there is no obligation whatsoever. So please, go ahead and do it. I’ll wait. : )
Thanks!
A link that is possibly even more interesting is this one – http://bit.ly/bJbrb5 – which provides live blog coverage of the experiment throughout the day (May 19 in case you’re a little behind in your blog reading!)
By the way, I really liked the content in this little eBook. One participant said social media is a chance to demonstrate brand humanity (isn’t that a great term?). Sounds like a potential blog post for somebody.
Thanks for stopping by today and helping John out. Oh yes, it would also be great if you could click the little green tweet button at the top of this blog post and ask your tribe to participate too.
Disclosure: I have no commercial or financial stake in this demonstration. I am simply helping out a friend I met through Twitter with an experiment I believe in.
Update: Results of the Great Content Marketing Experiment from John Bottom -> http://bit.ly/bJbrb5









You’re in marketing for one reason: Grow.
Grow your company, reputation, customers, impact, profits. Grow yourself. This is a community that will help. It will stretch your mind, connect you to fascinating people, and provide some fun along the way. I am so glad you’re here.
-Mark Schaefer









