Presentation for MBA students at Southampton University about what is to do Digital Marketing for B2B today...it is mainly lead generation: Connect, Engage, Monitor and Convert
2. +
Who am I?
Maria Jose Serres from
Montevideo, Uruguay
Degrees in Computer Engineering +
Marketing + Digital Marketing.
First job with Internet in 1995.
Worked in B2B most of my life from
development to consulting.
I’m a Demand Generation Manager at
PEER 1 Hosting, Top 5 Hosting
Worldwide
Involved in the latest trends &
technologies related digital media.
linkedin.com/in/mjserres
@mjserres
4. +
Online and Mobile are Transforming
B2B Commerce
Research by Forrester Consulting
Overall, the “Online and Mobile are Transforming B2B
Commerce” research yielded three key findings:
Selling online and on mobile devices represents a
significant new opportunity for B2B companies.
B2B companies that wait too long to implement
eCommerce assume a big risk.
Self-service tools are changing the way in which B2B
customers interact with companies.
10. +
B2B
Business to Business
Shift in communication but not totally
From building emotional connections
To problem solving
Normally many points are touched before a decision is
made
11. + B2B B2C
Markets
B2B markets are generally small vertical
markets, often niche in size, comprised
of a few thousand sales prospects to
maybe as large as 100,000 prospects.
B2C markets that are typically large
broad markets of tens to thousands to
millions of sales prospects.
Sales Process
B2B sales require consultative selling
(selling based on understanding a
client's needs and developing a
relationship of trust) sometimes from a
two-step level sales organization
including the sellers sales force and a
distribution sales force.
B2C sales are usually direct to the
consumer or involve a retailer. The sales
approach is a traditional product sell of
"convincing the consumer" they need the
product or service being sold.
Purchase Decision
The decision to purchase in B2B sales is
generally driven by need and budgets
therefore; it tends to be a very rationale
decision.
B2C purchase decisions tend to be
made based on want more than need or
a budget and therefore are triggered by
more emotional decisions.
12. +
But keep in mind…
“73% OF PEOPLE WHO READ B2B BLOGS
ARE PEOPLE.”
Tim Washer
Senior Marketing Manager Cisco
(Tweet this now, mention @timwasher)
14. +
Definitions
Connect
Reach our target
market, call the
attention, be
relevant.
Engage
Allow our target
market to
act, give them
good call to
actions.
Measure
Stats behind
everything, show
our ROI, assess
your activities.
Convert
Generate leads
& sales.
17. +
Connect
It’s about being with the right message, at the right
time when the target market needs us.
There are many channels to use, identify your target
market to see what they use and what is relevant for
them.
21. +
..and when they don’t.
“80% of the traffic on your web site is not from people who will necessarily
buy anything. The challenge is engaging with those visitors who are
interested in your product but are still in the evaluation process.”
Chris Golec, Founder and CEO of Demandbase
29. +
Engage
Engage is about motivation:
How to motivate people to engage with us?
Why they would like to engage with us?
What do we have to give them in return?
Call to actions:
What are the ways to engage with them?
38. +
What to measure?
Visits
Clicks
Campaigns
Sources
Conversions
Bounce rate
Time on page
Pages visited
Flow
ROI
Lifecycle Metrics
Lead Generation Metrics
Whatever you need for your specific
objectives/target market/campaigns
53. +
Summary
Connect
Reach our target
market, call the
attention, be
relevant.
Engage
Allow our target
market to act,
give them good
call to actions.
Measure
Stats behind
everything, show
our ROI, assess
your activities.
Convert
Generate leads
& sales.
And why me being here to talk you about this? Because I’ve been working in this market since 2001, I’ve been seeing the change and I’m part of it.
Why am I here talking about this? Because there is more investment on marketing for B2B, mainly digital and you need to know where to stand when you start looking for a job.
Which one area is the single most exciting opportunity for your organisation in 2014?These are the areas that business are going to invest more this year, how much do you know about them?
The game is changing and the target market shares what they like
Businesses are competing on attention to their target markethttp://www.youtube.com/watch?v=S0Or1f_RxKQ
linkedin.comThe survey revealed that the average customer had completed more than one half of the purchase decision-making process prior to engaging a supplier sales representative directly
90% of business buyers say when they’re ready to buy, they’ll find US.
As businesses need to reach the target market with slight different channels than B2C, each channel should be properly used, have a strategy to anticipate, to be reactive
Show what they need
There are many magazine ads talking about the issues that companies have. And this is a good way to catch the attention: talk about their issues, solve their problems.
Owned Earned and Paid – the key elements of strategy convergenceOwned: Website – Desktop – Mobile – Tablet: SEO - Branded Social - Branded Content – eMailEarned: Word of Mouth – Blogger Outreach - Online video - Social - UGC Social - USG TwitterPaid: Video Ads - Branded Content - Display Banners - Mobile Display – Sponsorship – and social / social mobile has a key role to play