by Fronetics | Mar 9, 2016 | Blog, Content Marketing, Marketing
The other day a client called to express his frustration with content marketing. Not only was he disappointed with the number of leads that his company had obtained to date, he was also disappointed with the number of sales. He was ready to call it quits and pull the plug on all content marketing efforts.
This client was not the first to call and express frustration, nor will he be the last. Unfortunately, there is a misconception that as soon as a company incorporates a content marketing into their strategy, they will be flooded with leads — leads served on a silver platter and leads all boxed up and tied with a bow. I wish content marketing could do this — it can’t. That being said, walking away from content marketing is a big mistake — content marketing is an effective strategy that companies should employ.
The buying process for B2B buyers has become more complex and longer. The 2015 B2B Buyer’s Survey Report found that 53% of respondents reported their purchase cycle was longer than it was the previous year. The buying process has gotten longer because the majority of buyers (82%) are using more sources to research and evaluate products and services, and they are spending more time in the research phase itself. A full 80% of respondents reported they spend more time on research alone — this is up from 58% in the previous survey.
Social media and vendor-focused content are two key places where buyers turn to conduct research. More than half (53%) of survey respondents reported that social media plays in their research process, and 86% of respondents reported that content such as case studies and product data sheets influence purchase decisions.
The increased focus on research has changed when the buyers engage with a sales rep. Today, the average buyer progresses nearly 60% of the way through the purchase decision-making process before engaging with a sales rep.
Back to my client. I walked my client through these facts, and then we walked through the metrics we track on the monthly basis. Since my client had started using content marketing, traffic to his company’s website had increased significantly, visitors to the website were spending longer on it than they had before, and they were looking at more pages. Additionally the company’s social reach had grown and engagement — with customers, prospects, and others within the industry — had increased considerably. All of these things, I pointed out, were positive. I then reminded my client that the typical sales cycle for his company and industry was 12-18 months — far longer than the few short months that he had been using content marketing.
I spent the next few minutes going over the company’s content marketing strategy. We decided to make a few tweaks, and then discussed both goals and expectations going forward.
It is important for companies to recognize that content marketing should be a part of their strategy — more than ever, B2B buyers are looking for information and are using that information to make buying decisions. Companies need to be using social media. Companies need to be creating and curating quality content. It is equally important, however, for companies to realize that content marketing is not magic. Content marketing doesn’t shorten the buying process; rather it changes it. Moreover, content marketing doesn’t deliver sales — sales people still play a large role in lead nurturing and closing deals.
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This was originally published on Electronics Purchasing Strategies.
by Fronetics | Mar 7, 2016 | Blog, Content Marketing, Marketing, Social Media
Your content stinks. Here’s why.
Twenty-seven million pieces of content are shared every day — and most of it is crap. To attract readers to your content, you must stand out, and I mean really stand out, among the masses. That’s no easy feat.
You may be spending an enormous amount of time and money as part of a content marketing effort, but, if no one is reading what you’re producing, you’re definitely not achieving your ROI. Consider the following points, and ask yourself if any could be negatively impacting your readership.
Here are the top 10 reasons no one is reading your content.
10. You don’t have a strategy.
Only 11% of companies without a documented content marketing strategy find their efforts to be successful, compared to 60% of companies with a strategy in place. And that number rises to 86% when the company designates someone to lead the strategy. Having a clear vision for your content and a plan for executing that vision is crucial to earning an audience.
9. Your content isn’t search-engine optimized.
Seventy-seven percent of today’s buyers use Google to research information about products. Search engine optimization (SEO) means writing copy for your digital assets so they will be prioritized by Google in web queries related to your business or products. Three of four people will click on the top five search results. So the further you move from those top five results, the less likely someone is to find, much less read, your content. If your content isn’t SEO-friendly, readers may not even have the chance to see what you’re writing because it is so far down in their search results.
8. You are using the wrong channels.
If a tree falls in the woods and nobody is around to hear it, did the tree fall after all? Stop publishing in the empty woods. Who is the target audience for your content, and where are they active? Evaluate your audience (or lack thereof) in each of the channels where you publish, and see if something is amiss. This will vary greatly by business. You can access personalized information on your followers’ social media habits through analytic programs like Google Analytics and sites like Tweriod.
Also to consider: on lightning-fast platforms like Twitter, a miscalculation of timing could be to blame. (See The Best Time to Post on Social Media.)
7. You’re not publishing often enough.
Inconsistent content is one of the primary reasons readers become disengaged with a particular publisher. Even publishing one more blog post a week can significantly boost your readership. Try a little experiment for a few months by playing with the number of times per week you publish — say, three times per week one month, four times the next, and five the next. You’ll find the sweet spot where you get the most engagement but can also handle the production schedule.
The next reasons have to do with the substance of the content itself.
6. You’re publishing a sales pitch instead of content.
Imagine you’re looking to buy a car. Researching different options online, Site A, run by Dealership A, offers expert opinions about various makes and models, while Site B talks about how Dealership B offers top-notch customer service and a no-nonsense negotiation policy. You’d probably never come across Site B in the first place because the content is irrelevant (and trite… and annoying), whereas Site A has exactly what you’re looking for.
Content marketing is your opportunity to provide valuable, expert information to people who are seeking it out. Associating your brand with that sort of expertise attracts customers — not to mention, helps them find you via organic search in the first place. No one wants to read your sales pitch over and over again, and they won’t.
5. You are not telling the truth.
I am talking about two different definitions of truth here.
For one, are you being honest? Today’s consumers can smell b.s. from a mile away, largely because the Internet forgets nothing and forgives nothing. The prevalence of user-review sites and platforms like social media means customers will always have an outlet to share their experiences, both good and bad. If your business does not provide what you promise, people will be upset and take to these forums to complain about it. Trust and transparency are two key assets in earning (and keeping) readership.
Secondly, are you being true to who you are as a business? A recent Harvard Business Review article defines successful marketers as mission-focused, not consumer-focused. Don’t produce content based on what you think your customers want to hear. The beauty of content marketing is that when you put your business mission out into the universe through content, people who are seeking that information find you. In other words, build it, and they will come.
4. You’re not offering anything of value.
DigitalTonto says, “The first step towards engagement is creating value beyond the basic transaction of payment for a product or service.” This is the essence of content marketing: a related offer of value in the form of expertise, entertainment, etc. For example, L’Oreal Paris provides free makeup tutorials on its YouTube channel, Destination Beauty, and, Apple offers free classes, product demonstrations, and tech support from the Genius Bar for product users.
The question to ask is, what is your value to your customers? Can you offer expert advice on a particular topic through a blog? Is there something about your products or your people that would make for entertaining or informative videos? Do you have access to top-of-their-field specialists that could lead a webinar series? Find whatever it is that is unique to your company, and leverage that in your content marketing to attract readers.
Because there is so much content out there, today’s consumers can afford to be partial to publishers who provide information in a way that is pleasing to them. They also have shorter attention spans than goldfish. That means things like format, length, accessibility, and voice can majorly impact whether people read your content or not. Also, be mindful that different platforms should offer different experiences based on reader expectations (e.g., Instagram isn’t the place for lots of text).
2. You’re not heeding performance analytics.
The one certain constant in marketing is that things will always change. What works for you one year will certainly be irrelevant the next. Content marketing won’t allow you to rest on your laurels, either. You should stay on top of your analytics to monitor what kind of content is successful in the present moment, and you should tweak how you’re doing things as people, technology, and events change. Keep testing new ideas to see how they are received, and get rid of old standbys that no longer pull their weight.
1. Your content is bad.
While this seems obvious, it’s worth repeating. If the quality of your content is bad, no one will read it, regardless of what value it offers. The same goes for if you find yourself saying, “it works,” or “it’s fine!” If there are 27 million options, who would choose “fine?”
Do an honest evaluation of your content, or have a neutral outside party do so for you. Is it original, substantial, and well-written? Make sure that your content is edited, and that it is free from grammatical errors, spelling mistakes, and awkward phrasing. And remember that you get what you pay for. Professional writers can be expensive, but there’s a reason for that — theirs is a specialized craft, and very few people can do it well. If you want people to read your content, you should make sure that it’s worth reading.
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by Fronetics | Mar 2, 2016 | Blog, Internet of Things, Strategy
B2B sales must recognize and accommodate buyers at various levels of self-sufficiency in the purchasing process.
Widespread access to the Internet has changed life as we know it. Not only are once-token errands like trips to the supermarket and holiday gift shopping increasingly shifting online, but B2B buyer behavior is occurring most often in the digital space, as well. In fact, an Acquity Group study found that 94% of B2B buyers in the U.S. conduct research online to make purchase decisions.
An Internet search can yield thousands of results when a B2B buyer goes to research a specific product or service. What’s more, the buyer can access online sources reviewing and comparing different suppliers’ products, streamline purchasing through self-service shopping portals, and access digital training and support tools without ever talking to another human. Essentially, “buyers can take over many steps of buying that salespeople once cherished as their source of value,” says a Harvard Business Review article.
But this doesn’t eliminate the need for salespeople in B2B sales completely. Rather, the authors suggest that today’s sellers must develop new competencies that better serve customers with more access to information.
How B2B sales are changing
Information technology and digital channels create buyers at various levels of self-sufficiency. While some are able to gather all of the intel needed to make a purchasing decision, some are more overwhelmed than before and need help sifting through all the available information. Most buyers fall somewhere between the two ends of the spectrum. Additionally, customers can be at different levels at different times and for different products.
Therefore, salespeople need to be able to recognize where customers fall on the self-sufficiency scale and match their selling approach to the customers’ needs.
Salespeople must also be competent in various technologies that help manage customer information and outreach. CRM systems, analytics, and various infrastructures are just a few examples of digital tools sales teams have at their disposal.
New platforms like social media and email also supplant the need for traditional face-to-face selling but require an all-together different skill set. Video conferencing, podcasts, and webinars — these are also tools that sellers can use to accommodate buyer preferences and level of knowledge, should the seller be fluent in these technologies.
And with so many options to adapt to customers at various levels of self-sufficiency, salespeople must be able to coordinate communications across multiple channels. “Salespeople need competencies as orchestrators who can ensure an effective and efficient connection,” the authors suggest.
Salesforces, too, must adapt to the information age in terms of structure, training, compensation, and more.
How has your business adapted to B2B selling in the information age?
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by Fronetics | Feb 25, 2016 | Blog, Content Marketing, Data/Analytics, Marketing, Strategy
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The most efficient lead-generation strategy includes a way to capture potential customers’ information.
An effective lead-generation campaign requires several different strategic layers.
Firstly, you must entice potential customers with an exclusive, high-value offer — like ebooks, whitepapers, free consultations, product demonstrations, or discounts. A clear, highly visible call to action (CTA) or two can help ensure they know how to attain it and can encourage them to choose it over your competitors’ offers.
But you’re not done there. Unless you are capturing those quality leads effectively, you could be dropping the ball and missing out on potential customers.
Here are some tips for successfully capturing leads.
You absolutely need to have a landing page for your offer. Your CTA should not take the potential customer to your website’s homepage or anywhere else, but rather to a landing page, which provides your offer and captures the lead information.
Landing pages are one of the most important elements of lead generation and are effective for 94% of B2B and B2C companies, according to research done by MarketingSherpa. A great landing page:
- Describes the offer
- Does not include links to other things on your website that will distract the lead and perhaps send them elsewhere before you can obtain their information
- Is simple and not cluttered with information but emphasizes the benefits of your offer
- Has ways to share the offer on social media
- Has a form to capture the lead information
Capturing leads: It’s all in your form
The last point suggests the next step in your strategy: A good form is how you will successfully capture those leads. It is where your potential customers will provide their contact information in exchange for the special offer you have enticed them with.
So, what makes for a good form?
- Keep it short. The fewer fields you have in a form, the more likely you will receive conversions.
- Avoid using the word “submit” on your form. Nobody wants to submit their information, so use a phrase that demonstrates that they are getting something they want by supplying their information — something simple like “Get it free,” or “Download now.”
- Add a privacy message (or link to your privacy policy) that indicates their email or contact information will not be shared or sold.
Want more leads? Use multiple channels
To generate and capture the most leads possible, completing these steps in just one of your marketing platforms is not enough. Marketers should utilize multiple channels in order to maximize their lead-generation efforts.
The objective is to make it easy for buyers to research, evaluate, and purchase products in any way that is most appropriate for them. Some leads may find you through your blog, some through social media, and some through organic search (which is why all of your content should be SEO-friendly). Thus, you should make sure you are promoting your special offers, effectively placing CTAs, and properly using landing pages and forms in every facet of your digital presence.
Such an efficient, multi-layer lead-generation strategy can reduce your cost per lead while delivering higher quality prospects to your sales team.
Want to learn more? Download for a complete list of innovative tips and proven strategies to improve your lead-generation and -nurturing strategy.
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by Fronetics | Feb 24, 2016 | Blog, Content Marketing, Marketing, Strategy
Putting together digital marketing pieces in a way that fully meets regulatory requirements can grow your business exponentially.
There is a misconception that companies within a regulated industry are denied the benefit of digital marketing. These businesses often hide behind their regulations, simply because it is easier than working with them to create new avenues into the digital realm of marketing and company branding.
Is your marketing antiquated and stuck in the past? Could you be using regulations as an excuse to avoid change and stepping into the digital age? Are you really restricted from having an effective social media presence?
The facts say that you are not.
Regulated industries, such as those in the financial management realm, can be creating a very personal connection and presence with their customers, and therefore developing a competitive advantage. But, they must be willing to take the initiative to change how things are accomplished, to re-organize, and to create a cooperative strategy within their organization. Your mission, should you choose to accept it, is to tackle content marketing in a manner that fully upholds your regulatory standards.
It not only can be done, but the companies who successfully adjust can grow their businesses exponentially. In fact, other companies within your industry are probably already proving this to be true. A recent study indicated that that 77% of respondents from companies across industries planned to increase their digital marketing budgets in the coming year.
So, how does a business in a regulated industry — with restrictions on things like publishing, advertising, and even how interviews can be conducted — overcome these challenges and become a content marketing machine? How do you deal with the fact that every piece of content must be reviewed by an attorney or an outside compliance agency? How do you promote your business when there are even restrictions on customer testimonials?
First, marketing in today’s digital environment will require an overhaul of your strategic planning (aka, how you do things, and perhaps how you have always done things) and the release of any fear you have of digital marketing.
Creating an environment conducive to digital marketing
Here are a few tips to support this change:
- You must create a management environment where the swift development of rich content can thrive. In regulated industries, this probably means you need fast and effective access to an attorney, who can read and approve new content for public consumption within a couple of hours.
- You need to create a smooth, reciprocal interaction across these departments, with a focus on a more efficient operation and mutual support of the approval process.
- You need to invest financially in a solid strategic plan for your digital marketing. It takes money to make money, so to speak. Consider teaming up with a firm of talented individuals from outside your industry, who specialize in how to create digital content customized to your target demographic. This team should have the capability to analyze content performance metrics and to guide your digital presence to achieve optimal results. Their services should provide you a customized content plan, increase your customer engagement level, and develop a digital presence for your company that meets regulation standards for your industry.
- Your content writers and management team needs to be well-versed on the latest data and statistics, as well as your overall marketing initiatives, so they can produce content based on the latest facts and figures that will attract new customers. Essentially, they need to know what your new customers want and have the data available that will garner their attention.
Once you have paved the way, your company can begin to benefit from the creation of a blog, eBooks, and other digital presentations.
So how do you make it happen? How do you begin to access these modern marketing techniques in a regulated industry?
- First, your leadership team must be on board, ready to embrace change and to learn to communicate in new ways. If this is not something you can see happening because mindsets are stuck in the 1990s (pre-social media age), then you should educate stakeholders on how social media can impact a business’s growth and success.
- Redevelop the marketing department and provide the resources necessary to stay compliant and obtain necessary legal approvals quickly and efficiently.
- Befriend the legal department. They should be part of your support team, not a challenge you must overcome. Remove old paradigms and replace them with creative solutions, like an interactive spreadsheet shared between marketing and compliance to speed up the social posting process. Make marketing and compliance part of the same team, one that works together to seek solutions, alternatives, and compromises.
- Give it time. This is a big step in the right direction to align long-term strategies to better reach a new set of consumers. But it does not happen overnight. Plant the digital marketing seeds today and reap a crop of new customers tomorrow.
If you are in a regulated industry, the time to embrace change and step into the realm of digital marketing is now. Those who learn to evolve, to think creatively to find solutions, and to face new demands as a team are the ones that will rise to the top of their industry and experience a competitive advantage that supports future success.
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