Lead Generation

  • 6 Rules of Thumb for B2B Social Media Success

    Posted March 10, 2010 By in Lead Generation, Lead Management and Conversion, Strategy With | 6 Comments

    I am working on the Social Media workbook and training for our SalesGen2020 Marketing Program and thought this might be a nice piece of information to share as a reminder to some and new, important information for others.

    So here they are…in no particular order:

    Look. Listen. Learn.

    There are a lot of options and opportunities surrounding social media – so stop asking “How do we get our company on this Tweeter thing?” and focus on “Can this help us provide greater value to our target audience so that we can further differentiate ourselves and do a better job of attracting, engaging, converting and retaining profitable customers?”

    Talk to your target audience about their usage of social media.  Get out there and see what your competition is doing.  Get familiar with what’s out there and how it works – understand the strengths and weaknesses of the technology.  (You don’t need to commit to the technology at this point – but you need to understand it if you want to develop a successful strategic plan.  After all, if the technology won’t let you do something you need to achieve your objectives….)

    This is also known as “Ready.  Aim.  Fire.”

    What are your goals?

    Being on the ‘Tweeter thing’ doesn’t justify the investment of your limited resources – in this case, time.

    How can social media help you attract, engage, convert and retain profitable customers?  And what type of hard numbers do you need to see in these areas in order to evaluate success?

    My suggestion is not to look  at Social Media on its own – when you have objectives in place for attracting and engaging qualified leads, you will struggle to get the information you need for qualification purposes through Social Media channels.  That means you need to incorporate an integrated marketing communications plan that provides the right motivation to individuals for [ex] following you on Twitter but coming to your website to register for a free white paper or webinar, or even ordering product (see Dell Computers as an example.)

    Right Message, Right Person, Right Channel

    You are likely to encounter a variety of your buyer personas relying upon a variety of social media channels for business purposes – so you need to determine the best way to get the right message to those people.

    If Persona A is motivated by low price, is in the Purchase phase of the buying process and relies on Twitter, then do as Dell has done and deliver low price offers.

    If Persona B is in the Identify and/or Search phase, is interested in ‘bleeding edge technology’ and relies upon a handful of bloggers for information, you will want to figure out how best work with those bloggers. Product reviews, interviews with your development team – help the bloggers get the unique content they need to succeed.

    Human and Real

    People buy from people – so be a person when you participate in social media.  Drop the marketing-speak (something I struggle with all the time), and have a conversation.  Put a face and a personality out there.

    Policies, Procedures, Training, Evaluation

    Don’t turn your employees loose on social media – keep to the plan and a key part of the plan is who will do what and how they will do it.  Set up policies and processes so that everyone understands what can and can’t be shared or how to handle certain issues (when does your blogger call in Investor Relations or Customer Service?).

    The social media world changes so figure out how to continually develop the skills.  And, of course, evaluate performance based on your objects as well as adherence to policies and processes.

    Be selective, don’t try to do it all

    There is a natural tendency for businesses to jump into social media rather than step in and gradually immerse themselves.  There is no rush and it’s important to make a strong, positive first impression – and your target audience really is looking for fast, convenient access to accurate information so focus on quality of experience over quantity.

    Well, that’s it from me – how did I do?  Did I miss anything?  If so, click on COMMENT and share with the world so it can become a better place.

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    patmcgraw
    Pat McGraw founded [mcgraw | marketing] in 1999 in order to provide growth-oriented small businesses with hands-on services that increase sales and marketing performance. In addition to offering coaching, consulting and interim executive solutions to businesses, Pat has taught business and marketing courses at several colleges and universities and is a frequent speaker at conferences around the country.

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Love it!!! thanks
www.fortunerentcar.com

Social Media MC,

Thanks for the comment and glad you found the post of value! (I need to really work on the 'keep it short and simple' part - curse of the Irish! We tend to be a wee bit wordy.)

Best,
Pat

Krupa,

Sorry it's taken me so long to respond to your comment - I love the case studies!! Thanks for sharing.

This are all great points, I like that you made them and kept it short and simple. Nice post, thanks for sharing!

Great read! Think you covered most of what I do when I tackle a B2B social media campaign ...You might be interested in some successful social media case studies over on the main B2B Website or similarly this will direct you straight to them http://www.b2bm.biz/knowledgebank/social-media/
- Really indepth and an overall worthy read if you want some additional tips because from these case studies you'll see that the theory behind SM has in fact been put into best practice

Glad you enjoyed the post - and thanks for the link!! Looks like I have more reading to do which is great because I love to learn and those case studies look interesting!

© Pat McGraw 2008-12

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