Making Social Media Work for B2B Companies

Hello everyone, I’m happy to return to posting after an unexpected break! An important project demanded my full attention. Apologies.

When a prospective client speaks with me about developing a plan to optimize the use of B2B social media, I ask ask that s/he name a goal or two. Most say the goal is to increase sales. Next, we talk about the difference between goals and outcomes and I tend to consider generating revenue as an outcome and not a goal. I do consider nurturing a robust sales / marketing pipeline to be a goal and I’ve found that a reasonable approach to B2B social media is to use the resource for lead generation that continually fills the pipeline with prospects.

Other uses for B2B social media include new product or service announcements, brand awareness and enhancement and relationship- building that consists of inviting customers to take a behind-the-scenes look at your organization. YouTube, LinkedIn, Facebook and Twitter can play a role when your company launches a new product or service.  If you’re able, create a 5- 10 minute video so that you and key team members can personally introduce the product and make the case for why it’s useful and which customers will be the best fit.  Post your video to the company website plus social media accounts.

Instagram is ideal for brand enhancement and awareness if your business can be expressed well in visuals.  Through well-composed and lighted photos, business leaders can create a narrative that reinforces product positioning, supports the pricing strategy, touts competitive advantages, introduces a new product, or portrays the company’s commitment to corporate social responsibility through involvement in community or philanthropic events (that you’ve documented with three or four action shots).

Instagram and YouTube can support relationship-building by enabling behind-the-scenes looks into your organization, whether in still photos or videos. Maybe you might want to show how team members unwind on late Friday afternoons, or the celebration of a team member’s work anniversary or birthday?

In the meantime, we can revisit the sales/ marketing funnel that we discussed a few weeks ago and understand how to effectively measure the impact of your B2B social media strategies through easily accessed social media and website metrics.

ToFu: Top of Funnel

Awareness takes place at this stage and a reasonable goal for the business is to expand name recognition and reach. Your newsletter, blog, or social media platform presence will be the likely draws, but keyword and voice searches could also bring interested parties to your door. It’s useful to measure your company’s reach and a good KPI (Key Performance Index) is the number of readers or visitors to each platform plus your website.

MoFu: Middle of Funnel

Casual “day-trippers” to your website or social media accounts at this level have either dismissed you or begun to demonstrate trust and commitment.  Make your content click-bait with a provocative headline that makes readers want to know more and provide content that fulfills the promise. Engagement takes place here and I think it’s safe to call this group qualified leads. Visitors will step it up and follow your blog, subscribe to your newsletter or become a fan. Your ebook is downloaded and they’re reading your case studies.

Useful KPIs include website clicks, time visitors spend on pages, following of embedded links, the number of fans and followers, positive reviews, comments, shares and “likes.”

BoFu: Bottom of Funnel

Leads at this stage of the funnel are looking to confirm details and finalize the decision of whether to do business.  Your prospect is ready to buy, but there’s no guarantee that s/he will buy from you.  Grease the wheels and present an inviting call-to-action that encourages the next step.  A Contact Us form on your website or Facebook Fan page makes a good call-to-action, as it signals a prospect’s desire for more than general information.  The offer of a free 30 minute consultation that can be scheduled by way of a phone call, SMS, or email should appear on the landing page of your website.

A time-sensitive special offer can make a difference. Try offering a tantalizing (and inexpensive to provide) upgrade or add-on to what the prospect has indicated s/he would like to purchase.  Free or discounted installation or a free product trial are also effective. The number of inquiries initiated to discuss your products or services, as well as the conversion rate of those inquiries, are the most relevant KPIs.

It’s useful for company leaders to remember that relationship – building is an integral ingredient of the recipe to reap benefits from social media. Too many business leaders want to dive into lead-gen, but your audience will have no desire to download your ebook until they know who you are and feel they can trust your expertise. Social media success is not an overnight sensation, it is a process that takes some time.

Thanks for reading,

Kim

Photograph: Julia Child on the set of The French Chef  (PBS) in 1964

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