Delivered a presentation on creating a social media marketing model that drives sales and revenue for a b2b environment, for LEAD Asia, held in Singapore. 6th October 2016.
5. Google & CEB Marketing Leadership Council
“Today's business buyers do
not contact suppliers directly
until 57% of the purchase
process is complete.”
Source – survey of 1500 business leaders involved in purchase for 22 large B2B
organisations
5
@iamkelvinlee
7. 8 foundations of a ‘monetized’ social media
ecosystem which drives sales and revenue
7
@iamkelvinlee
8. Source: UsefulSocialMedia – State of Corp Social Media 2014 Infographic
How social is your CEO?
@iamkelvinlee
9. Vala Afshar,
Chief Digital Evangelist, Saleforce
“Dear business leader, if the
only way people can reach
you is via phone and email,
then you're on the wrong
side of the digital divide.”
9
@iamkelvinlee
10. Aim to have at least one of your senior leads
on board.
10
Opportunities to:
Humanise the organization
Be the industry thought-leader
Demonstrate commitment
Consider:
Training
Play on ‘envy’
Partner up
@iamkelvinlee
12. Social measurement:
Ability to measure social ROI
12
Credit: How B2B Businesses Are Tackling Social Media In 2015
@iamkelvinlee
13. Social Metrics
13
Credit: Salesforce 2015 State of Marketing Report;
Eloqua Content Marketing Grid Infographic
Metrics most commonly used
Range of Key Performance Indicators
@iamkelvinlee
14. Social Listening & Monitoring
It’s a crowded marketplace.
14
@iamkelvinlee
17. Checklist: Content Planning
Define your target audience – reading behaviours, social channels, events, interests,
motivations, pain points, where and when he/she is likely to consume this content
Define a list of your market’s macro themes
Conduct an audit of your competitors’ content
Leverage business and content partners
Listen and involve your sales teams
Implement your brand tone of voice and guidelines
Band together a content taskforce involving cross functional roles (marketing, sales,
data, research teams etc.)
Draw up a content calendar, identify potential authors, design & create visual assets
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@iamkelvinlee
18. The visual is the
18
REUTERS/Daniel Munoz
new headline.
23. “If content is king, then
distribution is King Kong.”
– Luke Kintigh, How IntelIQ does content promotion
23
24. ‘Play’ Across All Channels
24Reuters Institute Digital News Report
University of Oxford - Reuters Institute for the Study of Journalism
@iamkelvinlee
28. Checklist: Organic Social Distribution
Focus on one or two channels which shows the greatest response rates.
Test different copy to identify what creative and copy has the greatest
impact.
Analyze your desired post-click actions, such as subscriptions or bounce
rate, against each social channel that drives it.
Allocate budget and targeting according to the patterns you’re seeing
across time, channel and device.
‘Newer’ platforms such as Snapchat, Instagram Stories, Periscope can’t be
ignored.
Your goal is to discover the top 10% content.
28
@iamkelvinlee
29. 29
10%
90%
The 90:10 rule:
10% of content drives
90% of traffic and
engagement.
– SimpleReach
Content Traffic/
Engagement
30. ‘Paid social’ is getting serious.
30Credit: eMarketer.com, Dazeinfo.com
34. LinkedIn’s Social Selling Index Leaders
34
45%
More
opportunities
51%
More likely to
hit quota
Credit: LinkedIn
35. Checklist:
Rolling out a employee advocacy program
Produce a set of social media sharing guidelines
Obtain buy-in of senior sales managers
Collaborate with team members and sales colleagues to listen and
understand what types of content they would be willing to share with
their prospects
Conduct training sessions, uncover advocates and champions
Distribute a regular ’Post of the Day/ Week’ with approved content.
Leverage and pilot social sharing platforms, such as
35
@iamkelvinlee
37. Collaboration Checklist:
Set up a ‘Social Media Taskforce’ group – a forum to
exchange ideas and gather feedback.
Map social into all other activities, not just online.
Involve sales, PR, IT, Product Development, Legal,
Compliance - and your customers & market influencers
Provide transparency to upcoming content.
Share what’s working on and what’s not – be
transparent on results.
Keep your senior sponsor(s) updated with progress.
Move fast, test, scale.
37
@iamkelvinlee
38. The ‘monetized’ social media ecosystem
which drives sales and revenue
38
Senior Level Engagement
Distribution
Paid Amplification
Employee Advocacy Content Plan
Collaboration
Optimization
Measurement
Start with 1, then leverage on ‘envy’
Obtain agreement on a set of
short term and long term metrics
Find your top 10% performers
Visual is the headline.
Play across all channels - both online and offline.
Bet big on your top 10%
Train, empower, expand
Move fast, test, scale.
@iamkelvinlee
40. Please join my network
40
@iamkelvinleelinkedin.com/in/iamkelvinlee Kelvin Lee
@thomsonreuters @insidefinance @riskmanagement
Notes de l'éditeur
KLM’s 150 social media customer service agents generate $25M in annual revenue
150 people are dedicated to serving clients via social. And each of them represents almost $170,000 in annual revenue.
“Social is more and more becoming a profit center,” KLM’s social media manager Gert-Wim ter Haar told me today in Prague. “It’s first about service, then brand and reputation, but also about commerce … we have to make money.”
10% great working content, and 90% - popularity contest.
10% of your content will drive traffic and engagement.
eMarketeer.com suggests social network ad revenue worldwide will top $36B, with Facebook taking 68% of ad revenue share.
YouTube is best for introducing and selling products
Facebook is best for expanding highly targeted brand awareness
Twitter is best for product promotion in the middle stage of the buying process
LinkedIn is best for B2B businesses to acquire new and qualified leads.
- Based on a global study LinkedIn ran in Q4 2013 of Q3 performance for reps focused on new business and reps focused on existing business. Respondents reported performance; they were matched to their LinkedIn profiles to understand their SSI.SSI leaders have an SSI > 70; SSI laggards have an SSI < 30