Awareness E-Book Raises the Bar on Social Measurement

Posted on July 29, 2011 by Paul

The question of how to measure social media performance, particularly in a marketing context, continues to be one of the industry’s hottest topics. Although many people are aware that traditional metrics like page views, visitors, followers and likes are poor indicators of success, the vast majority of marketers I speak to still focus on these overly simplistic criteria. These numbers may be of little value, but at least they’re understandable.

The more sophisticated practitioners are turning toward metrics that indicate engagement. Examples include comments, retweets, shares and subscriptions. Now Awareness Networks has contributed some important new thinking to this topic with a free e-book entitled “The Social Marketing Funnel: Driving Business Value with Social Marketing.” (Full disclosure: I am quoted in the book but did not contribute meaningfully to the methodology and received no compensation.)

Awareness outlines five priorities that companies should define in becoming a best-in-class social marketer:

Measure and Grow Social Reach
Monitor Social Conversations
Manage Social Content
Practice SEO
Measure and Analyze Social Activity

Not surprisingly, the company has tools that help in many of these areas, but that’s one reason its research is so useful: The recommendations are based upon the experiences of more than 100 customers.

The most successful of those are reporting direct correlations between social media marketing and sales, and they have certain practices in common. Most use at least three major social media channels, compared to less than two for the average company. They also have multiple presences within each channel, such as product-specific pages on Facebook. And they measure like crazy.

Nearly 80% of the companies Awareness surveyed use social media channels to identify and respond to customer service issues and two-thirds use them for prospecting. Remarkably, only 18% said they have “formal tracking process in place to manage processes and better understand success criteria.” In other words, a lot of social media is still being done with seat-of-the-pants justification.

That’s going to change as more sophisticated metrics emerge, however, and here’s where this report has particular value. It describes four measures of content effectiveness that take into account multi-channel activity: Content-to-Contact Ratio, Comments-to-Content Ratio, Comments-to-Profile Ratio and Content-to-Share Ratio. I won’t describe these metrics in detail – you can find that in the e-book – but each speaks directly to the value of engagement.

As businesses spread their wings across increasing numbers of social communities, they need to get a better handle on what’s working and what isn’t. The cost of maintaining an effective presence is only going to go up as the market gets crowded, and it won’t be acceptable for only one in five companies to have meaningful measurements in place.

As I have noted elsewhere, our current obsession with counting fans and followers is an artifact of old media thinking. Online marketing provides much richer options for understanding how people interact with our content. Awareness’ e-book is an important attempt to try to nudge marketers toward realizing the potential of the information they gather.

Two B2B Social Marketing Initiatives Worth Checking

Posted on June 29, 2011 by Paul

A couple of notable B2B efforts have caught my eye recently that I wanted to share. One is Element14, a social community for engineers sponsored by an electronics distributor of the same name. I wrote in B-to-B magazine early this year about a Make magazine-like video series they started last fall that appeals to engineers’ passion for tinkering as well as for fun. Other new stuff that they’re doing (and this comes directly from the press release):

The industry’s first online design hub – the element14 knode – designed to help engineers accelerate design and development and bring products to market faster than ever before.

RoadTests – Allowing members to actually try out the latest new products for free and share their reviews with other engineers

Focused sub-groups – scores of technical forums ranging from LEDs, robotics, FPGAs, engineering student design teams, etc.

Over the last quarter alone, more than 500,000 people visited the online community, spending over 65,000 hours researching, collaborating and communicating with fellow engineers.

Element14 is trying to position itself as “Facebook for engineers,” and they’re doing a heckuva job. This is a commerce play, incidentally. The whole community is linked to an underlying catalog site. One of the innovative things about the Ben Heck Show is that each of his video hacks is accompanied by a parts list that you can order right on site.

When I first learned about Element14 a couple of years ago, it was a rather unremarkable document exchange engine. Over the last year, it’s evolved into a multimedia experience that bristles with value and fun. No doubt this wasn’t cheap, but it’s impressive to see a B2B community demonstrate this kind of ingenuity.

Update 12/6/11: Premier Farnell just announced that “The Ben Heck Show” has attracted more than three million views since its launch.

Also, check out Social Media Quickstarter, a tutorial site aimed at small businesses and launched just this week by Constant Contact. The site is organized in “chapters” by platform – Facebook, LinkedIn, Ratings and Reviews, QR codes and the like – and presents really useful tutorials in a step-by-step format, many including video. There are more than 70 chapters, all of which can be downloaded and printed.

There are several aspects of this ever that I like:

Minimal branding – Constant Contact intentionally keeps the focus on the content rather than its brand. In fact, the company name is in almost comically small type at the top of the home page. One smart move was to prominently note that the resource is “Powered by KnowHow,” which is a training service the company offers. It’s a low-key approach to branding that uses the quality of the content to validate the service.

Value – Constant Contact says it surveyed small businesses to discover that many didn’t know how to get started in social media, but you didn’t need research to figure that out. There is a crying need for this kind of basic education. The value of Social Media Quickstarter isn’t as much in the content itself as in the fact that it’s all in one place. You can Google around and find much of this advice elsewhere but the company has conveniently aggregated it in one spot.

Simplicity without Condescension – Quickstarter manages to walk that fine line between teaching basic skills and talking down to its audience. Quickstarter doesn’t pretend to be a resource for the digerati. It answers the basic questions that millions of small business owners are asking, and it does so in plain language with lots of pictures and video. It respects its audience.

Two impressive B2B social media efforts by two companies addressing very different audiences.

Linked In Overview, from Social Media Quickstarter from Social Media Quickstarter on Vimeo.

My Video Interview About B2B Social Media on CMO Advantage with Ed Gaskin

Posted on April 22, 2011 by Paul

I spent a fun half-hour chatting it up with Ed, who’s a good friend and fellow media enthusiast. He told me how he spends most of his time these days working with inner-city gang leaders to mediate disputes. It makes social media marketing seem rather unimportant.

We Like Readers Like This

Posted on March 31, 2011 by Paul

Bernie Goldbach posted a nice comment in the For Immediate Release FriendFeed room about Social Marketing to the Business Customer.

“I like Social Marketing (Gillin & Schwartzman) so much that I bought a copy for every day of the week,” he wrote, along with the picture below.

Music to our ears, Bernie! Although we know from your comment on FIR #592 that you really bought six copies because you’re using the book in your class. That’s good, too.

B2B Blogging Gets Publishing Discipline

Posted on March 24, 2011 by Paul

Drill Sergeant I’ve spent some time over the last week judging the finalists in BtoB magazine’s annual social media awards. This is a great chance to take a snapshot of best practices in the field, and I was struck by this year’s entries in the corporate blog category.

Blogs may be declining in importance in the consumer realm as Facebook and Twitter grow in popularity, but they are still the most valued social platforms for B2B marketers as evidenced by recent research (see p. 27 of the PDF). It’s clear to me that the best B2B companies are taking their blogging to the next level.

In every one of the entries I reviewed, marketer had applied a disciplined approach to planning and execution, leveraging editorial calendars, careful topic selection and professional communicators to deliver the message. I was also struck by the attention they paid to avoiding the temptation to use blogs as a promotional channel. (For obvious reasons, I can’t identify the finalists).

“[The] mission was to shed the traditional corporate mantra of being a marketing page by providing compelling, journalistic pieces that encouraged visitors to be a part of the discussions,” read one finalist’s entry.

Another defined the blog’s mission as being “to provide actionable and thought-leadership content for customers and prospects on…topics the company’s product helps optimize.”

Two of the four finalists had hired professional journalists to oversee content. This is an excellent idea, especially given that devastation in traditional media has put a lot of fine talent on the streets at bargain prices. All were using Twitter and LinkedIn to amplify their messages and some had negotiated syndication deals through vertical websites devoted to their industry. That’s another great idea.

Another characteristic all finalists shared: editorial planning. One entry described the process:

A topical editorial calendar was created that assigned each day of the week to a different type of blog post and topic.

A monthly editorial meeting was scheduled to review blog topics and assign writers.

A blog post and a writer were assigned in advance to ensure the creation of the content.

Holy cow! What do these people think they are? Publishers?

Well, yes, and for good reason. The Internet has obliterated barriers to entry in publishing and smart marketers are realizing that, with persistence and a good keyword strategy, they can beat the top business publications in search results. Why spend time and money influencing the media if you can become the media instead?

This isn’t nearly as simple as it used to be, though. As I’ve pointed out here as well as in BtoB magazine, the social media space is getting mighty crowded. Just planting your flag isn’t enough anymore; you have to do something that your audience finds remarkable.

Which means that the old disciplines that have served publishers for many years suddenly have new relevance.

Alan Belniak is director of social media marketing at PTC, a very large software company. Last October, the company announced a major overhaul of its product line and its approach to software development. Instead of blitzing the market with press releases following the October 28 rollout, it focused its energies on a multi-author blog, Twitter account and YouTube channel to deliver a steady stream of updates on topics that address a variety of customers ranging from designers to purchasing VPs.

The program is backed by an editorial calendar and a roster of bloggers selected for their communication skills and ability to address different audience segments. The team posted 30 articles in February, along with 10 videos, giving both their audience and Google plenty of reason to come back. Results: “A near vertical rise in viewership,” Alan says, and a high quality of interaction with visitors. I’m sure there was arm-twisting involved in convincing traditionalists to discard multiple levels of approval in replying to a question, but PTC doesn’t seem to be any worse for wear.

The finalists in the BtoB awards have seen similar results, with total traffic in one case growing nearly 14,000% across its blog and syndication channels in a single year from a substantial base. In fact, the most difficult part of judging these awards was choosing a winner. It’s hard to anoint a champion when so many are competing so well.

The Other Social Network

Posted on March 10, 2011 by Paul

Have you checked out LinkedIn lately? If you thought the world’s largest professional network was little more than a place to post your resume, you owe yourself another visit. LinkedIn is set to eclipse the 100 million member mark sometime this spring, and it is quickly becoming the social network of choice for B2B professionals.

LinkedIn gets none of the buzz of Facebook, and no one’s going to make a movie about it. Its format is austere, it has few third-party applications and it doesn’t support chat, photo libraries or videos. What it does have is lots of members who talk about serious professional issues, and some of its groups are becoming massive in scale. For business pros in industries like communications, manufacturing, retailing, financial services and even construction, LinkedIn groups are becoming vertical social networks in their own right.

This is the ideal B2B environment. There’s very little waste because members are there to seek professional opportunities, ask and answer questions and network with their peers. Spamming isn’t a problem, particularly in the moderated groups, and there’s none of the frat boy histrionics that you find on Facebook. It’s not surprising that in research conducted by B2B magazine last spring, marketers picked LinkedIn as their social network of choice by a substantial margin over Facebook.

LinkedIn has evolved far beyond its roots as a professional networking service. It hosts active groups for finance managers, telecom professionals, people in the construction industry, real estate pros, HR managers, pharmaceutical workers and film professionals. And those are just the ones with more than 40,000 members. If you’re in the hospitality industry, there are nearly 1,000 members in The Hospitality Forum. These pain management boynton beach doctors have some of the best medical staff available. Stephanie Sammons posted some great tips on Social Media Examiner early this year about how to make the most of LinkedIn groups.

And they’re busy. Someone asked the Sales Best Practices group a couple of months ago “What is YOUR Best Sales Advice — 20 words or less.” It has 532 responses. A recent discussion in the Cloud Computing, VMware, Virtualization and Enterprise 2.0 Group about whether IT organizations will start discarding their assets has more than 460 responses. Some LinkedIn members answer 300 or more questions every week.

It’s not about the numbers, though. In fact, many LinkedIn groups are kept intentionally small by administrators who want to maintain member quality. Just try to get into CIO Forum. Unless you’re an IT manager, you probably can’t. Facebook is about mass, but LinkedIn is about focus, which is one reason it rocks for B2B.

Here are a few ways B2B companies can leverage LinkedIn for prospecting and promotion:

Ask and Answer. Many of the questions posed within groups and in LinkedIn’s busy Answers section concern requests for expertise. You can subscribe to questions in your domain using an RSS reader, which ensures that you will never miss one that matters to you. If the technical gurus in your organization are intimidated by the prospect of blogging, urge them to instead answer five questions per week. As they grow their profile in the community, people will start seeking them out for business. That’s the reason Vico Software expects its sales reps to become active in construction-related groups in each of their territories. They’ll find out first about new construction opportunities in the forums.

Choose Open Groups. LinkedIn recently gave group owners the option of making their content public so that all activity from that point on would be visible to search engines. This is a good way to make your groups more visible. Also, if you plan to post regularly to groups in your field or industry, consider choosing open groups so that you get the additional Google love.

Promote in Groups. Cross-post new entries from the company blog or new presentations on SlideShare to appropriate groups of which you’re a member. Summarize your content and ask a question. Use a unique URL so you can track activity. You’ll often be surprised at the volume of response.

Use Company Profiles for Prospecting. LinkedIn has a unique approach to company profiles. They’re organized by the people who work there. Salespeople who are having trouble finding the right contacts in an organization can use these profiles as a virtual back door. LinkedIn shows you who works at the company and whether you have direct or indirect ways of contacting them. You might be able to do the same thing on Facebook, but it’s a lot more difficult.

Find People. One of LinkedIn’s great strengths is the choices it gives you for selecting members. You can filter by title, geography, group membership, company size and even years of experience. Some members reveal remarkably detailed public profiles of themselves. You can use this information to prepare for a meeting, find skills or identify prospects within a region. When I need to recruit speakers for a panel in Atlanta, for example, the first place I go is my LinkedIn contact list because I can so quickly identify prospects in the area.

Use LinkedIn Signal. One of LinkedIn’s little-known gems is Signal, a real-time search engine that’s listed as “Updates” on the search menu. Use it to monitor what people are saying about any topic. You can also filter by connection, date, company and industry. A search for “Chicago Marketing Jobs” returns 20 opportunities posted in the last 72 hours. You can also get updates on people and groups that interest you.

LinkedIn has recently revealed some visually cool and potentially very useful stuff coming out of its labs. Swarm is a different take on tag clouds that builds on recent company and title searches, jobs posted, blog entries and shared articles. InMaps lets you visualize your connection network. It’s still early-stage but shows promise.

What’s your favorite LinkedIn feature? Do you have a success story to share? Post it here.

Let Your People Speak!

Posted on February 24, 2011 by Paul

IBM engineers celebrate Watson's victory (from a YouTube video)

IBM engineers celebrate Watson's victory (from an IBM YouTube video)

Earlier this week I wrote an article for SocialMediaB2B.com that made the case that last week’s IBM Watson Jeopardy challenge, in which an IBM computer thrashed the two greatest Jeopardy champions of all time, was the greatest B2B marketing campaign ever.

One reason I liked it so much is that IBM let scientists – instead of corporate suits – tell the story of their achievement. This was documented in more than 30 videos that IBM posted on YouTube as well as chat sessions and group Q&A interviews on the website reddit.com.

If you want to see the passion that the IBM scientists brought to this project, watch the 11-minute summary video that was posted shortly after the contest ended. It’s clear that Watson’s accomplishments were more than just a technology triumph. Researchers reacted as if their child had just graduated from Harvard. Their passion was contagious and genuine.

Why don’t more companies let the people who build and support their products come out of the shadows the way IBM did? In part, I believe it’s fear that people will do the wrong thing. It also reflects the time limitations that developers and engineers themselves often cite as a reason to stay in the shadows. Let’s look at each in order.

Tell Stories

Effective communications is about storytelling. Ronald Reagan taught us that. People don’t respond to statistics, feature charts and positioning statements the same way they do to other people. Entrepreneurs excite us when they share their vision, yet successful companies bury enthusiasm under layers of approvals and official spokespeople.

B2B customers have intense information needs, and their questions are often best answered by the people who build and service the products they use. Some companies understand this. One of my favorite stories from Social Marketing to the Business Customer is Indium Corp., which built a constellation of search-optimized blogs that put their engineers directly in touch with the people who buy their highly specialized products. Result: 600% jump in leads in six months. Marcom Director Rick Short (left) says his job is to “get engineers talking to customers and then get out of the way.”

Do unofficial spokesmen sometimes say the wrong thing? Sure. Does it matter? Not really. Corporations are far too sensitive to the indiscretions of individuals, which usually can be sidestepped with an apology or explanation. A couple of hours of media training does wonders.

Blogs Are the New Trade Shows

The issue of time commitments and availability is valid, but usually overstated. Many engineers are only too happy to write papers and travel thousands of miles to deliver presentations, yet writing a 500-word blog entry or recording a how-to video is seen as overwhelming.

There’s a contradiction here. Engineers naturally like to share, and they know that conference presentations are good for their careers. Contributions to the company’s social media programs potentially reach a much larger audience than a presentation at a trade show. They go to the trade show because that’s what’s always been done.

I wish more corporate marketers would adopt Rick Short’s philosophy and see themselves as facilitators rather than spokesman. They should be the ones urging recalcitrant executives to draw contributors out from behind the curtain. They should have the statistics to demonstrate that the blog reaches a larger audience than the trade show. They should be the ones positioning customer communications as a privilege, not a chore.

The best way to encourage individual contributors to participate in your social media programs is to celebrate them. That doesn’t have to cost a lot of money. Recognize contributions to the corporate blog in your employee newsletter, or hand out awards for the most prolific or creative contributors every quarter along with a small gift certificate. When people see that their involvement is good for their careers, they quickly come on board.

The Video of the Book: Social Marketing to the Business Customer

Posted on January 25, 2011 by Paul

Check out the new video Eric Schwartzman put together for our book about B2B social media marketing!

How B2B and B2C Marketing Are Different

Posted on January 20, 2011 by Paul

My fourth book, Social Marketing to the Business Customer, came out this week. While the purpose of this post is ultimately to convince you to buy it, I hope to also impart some insight I gained from immersing myself in business-to-business social marketing for six months.

Co-author Eric Schwartzman and I wrote the book because we felt that B2B marketers were getting inadequate advice about how to apply social media constructs to their work. We’ve attended scores of conferences over the last few years and heard lots of wonderful stories about how to use everything from blogs to video games people play using servies like CSGO BOOSTING, to even sell blue jeans, potato chips and fine wine. Invariably, someone stands up and asks, “What does this mean to me as a B2B marketer?”

The response is usually something like, “Well, you can do this, too.” I used to take that answer at face value, but the more I thought about the unique characteristics of B2B buying decisions, the more it struck me as dodge. The fact is that much of what works in consumer markets would fail in B2B interactions. There are plenty of opportunities to apply social media tactics, but the context is different.

Download a sample chapter

As Eric and I began to dig into this topic, we put some thought into how B2B and B2C markets differ. We came up with six major areas of divergence, and we were surprised to realize how really different these two flavors of marketing are. Here are the six points we arrived at. I’m sure this list is not comprehensive, so leave a comment with your impressions.

1. Value-driven decision-making. Probably the most important distinction between business and consumer marketing is that nearly every buying decision a business makes is driven by the need to solve a problem, pursue an opportunity or make or company more efficient. There is no room for sex appeal, status, feeling good, tastes great or less filling. A lot of great consumer marketing campaigns sell at the gut level, but B2B buyers base their decisions upon facts and calculated value. If you don’t deliver that, you don’t get considered.

2. Group consensus. Most businesses are inherently conservative, and decision-makers seek validation from many sources, including analysts and their peers. Part of this is simple risk avoidance, but an equally important factor is that decisions made by a group are more likely to be supported by all of the members. The bigger the purchase, the more people are usually involved. Research by marketing Sherpa and TechWeb found that 41% of technology buying decisions involved 15 or more people in the process. These people typically come from many different areas of the organization, and each has different information needs.

3. “Bet the business” decisions. When Federal Express chooses a vendor of hybrid engines for 1,500 trucks or Ford installs a fleet of welding machines on its assembly lines, the decision has the potential to affect the company’s bottom line and its stock price. Even seemingly small decisions, like the choice of an e-mail marketing vendor, can have far-reaching implications if the supplier can’t deliver. Consumers almost never face issues of this magnitude.

4. Long-term relationships. Business executives buy companies as much as they do products. Most prefer to work with a small number of favored vendors who get a large share of their budget in exchange for high-quality service and “one throat to choke” accountability. Consumers make few choices that involve persistent relationships.

5. Knowledgeable buyers. B2B buyers don’t hesitate to bring experts into the decision-making process. These people may have years of in-depth technical experience, certifications and degrees. They want to talk to the people who build the products they are considering, ask detailed questions and gain confidence that the company is a worthy long-term partner. In contrast, consumers may study up for a bit before buying a car or refrigerator, but they rarely bring people with Ph.D.’s into the process.

6. Intense need for information. A B2B decision usually requires information from a lot of sources about a lot of topics. The CFO, head of manufacturing and CIO all have different questions, and all need to be satisfied. The business buyer’s appetite for information also doesn’t end with the sale (see item 4). Users of call routing or process management systems, for example, may spend days or weeks in continuing education classes or at conferences to keep up with new developments. There is virtually no parallel for this in consumer markets.

For these and other reasons it’s shortsighted to tell a B2B marketer to apply the tactics used to sell blue jeans to the task of selling aircraft engines or sales force automation software. The same tools can be applied – and we devote 250 pages to explaining how – but the tools that B2B marketers differ in some pretty basic ways from those liked by their B2C counterparts. We found some wonderful case studies, lots of innovative people and even some very clever campaigns.

So here’s the promotional message: Buy it! Read it! Post your review on Amazon or tell us what you think here or on our Facebook page. If you’re a B2B marketer, this book is for you. Let us know if we hit the mark.

paulgillin.com

Social Media and the Open Enterprise

Category Archives: B2B