SMB Marketing Blog

Nancy Nardin over at SmartSellingTools.com wrote a great blog post last week, entitled ‘99% of Businesses are Being Stiffed! And You’re Probably One of Them’ that is highly relevant to sales and marketing tools for small to medium size business (SMBs).

The essence of the post is that most SMBs are either overpaying for the software they’re using or using software that is built for mid-to-large companies but that is crippled for SMBs. What is more telling, is that the companies selling it to us are saying their ‘primary’ market is larger business but that the software is applicable for smaller companies too.

How can this be true? How can your under 100 employee firm have the same support, feature needs, and budget as a 500+ employee company that has a marketing department and a sales team of 40? Or how you the same as 50 person hi-tech venture capital backed startup that lives and breathes social media?  All the features those companies will insist upon can become a burden for you to use (or not even be a good fit altogether), not to mention the manpower and support issues you will have trying to keep it running smoothly. It’s no wonder that a lot of software becomes ‘shelfware’ after the vendor has sold the customer on all the whiz bang features 6 months previously.

We haven’t even gotten to budget! Some vendors will discount their software to give you a ‘great deal’, without ensuring you are a ‘great fit’. Or sell a ‘lite’ version or give a free version so that you will invest your time on their platform, so they can upsell you later. Again, will it fit your company is not their primary concern. What you pay today may not be what you pay when you renew, or have taken into consideration implementation costs.

As Trish Bertuzzi (a well-known expert on sales strategies) comments on the post, ‘Our advice to all our clients, don’t talk to vendors or do any research on marketing automation until you have defined your requirements. Then, once you have defined them, sit back and take a long hard look at what it will cost you in time, effort and energy to implement.’

So don’t get stiffed. Don’t buy a tool that is built for large companies and get short changed later. Buy what you need  – you can always upgrade later (if you need to) if it’s a monthly software-as-a-service (SaaS) product which most are. Gone are the days of buying all you will ever need, because its no longer a one-time license purchase.

Most importantly, choose based on what your requirements are, not based on what some large companies requirements are. There’s many reasons why SAP and Oracle ERP software don’t fit SMBs, and Intuit accounting software doesn’t fit large companies.

While a well designed and well promoted website can create leads for a company, it goes without saying that most companies will not rely on it entirely.  They will also supplement inbound marketing with outbound targeted calling; they will take a look at who their customer base is and why, develop a list of other companies that are similar, and start calling.

Success at this point will usually sound like “…interesting, send me an email with your info in it and I’ll get back to you”.  The big question is did they say it to be nice,  to get you off the phone?  Or are they genuinely interested? If they are not interested, you may have just set yourself up for a waste of time following up with them.  What you really want is insight into who on the “send me an email” list really is interested, who is actually engaged with your message.

One path to this insight is through a combination of a content-rich website, and marketing automation like ActiveConversion.  When they ask for the “more information email”, the email itself contains links that lead to the information/content.  With the ActiveConversion Outlook plugin installed, if they click on any of those links, you’ll see if they clicked through and what they looked at.

If they said they were interested, but didn’t click through on any of the informational links, well, not as qualified.  However if they clicked through and looked at multiple pages, and even more significantly, if they returned later for a second look at your website, notch them up as having passed qualifying test #1.

Keep in mind this same approach is useful when re-engaging with customers and old prospects.  Even deep into a relationship sell, being able to gauge how interested and engaged a prospect is with the new message you’re delivering is invaluable.

The days when all you needed for online marketing was a nice website have long passed.  In order to be effectively represented online, you’ll need effective campaigns on several critical platforms.  The platforms vary depending on the type of business you are in, but for those of you still finding your footing; here is a short checklist of platforms you should consider.

Stable Content

• Website: Since its 2010, you should have professional website.  If you don’t have one, get on it.
• Bonus Points Wikipedia Entry: Businesses haven’t fully embraced Wikipedia but it is the authority for information reference.  Having a Wikipedia entry will become increasingly important for online credibility and exposure.

Regularly Updated Content

• Blog: A critical platform for establishing credibility with the online community and search engines.  If your organization doesn’t have a blog, you are missing out on establishing yourself as an online authority in your industry.
• Bonus Points Periodical Press Releases: Press Releases still have their place online, particularly when pushed out with a service like PRWeb.com.  It can do more than just a blog posting or website update as it pushes to many channels, allowing for more exposure and credibility.

Social Networking

• Twitter/Facebook Fan Page: Twitter and Facebook are the kings of social networking and an increasingly important platform to promote dialog between companies and the online community.
• Bonus Points LinkedIn/Foursquare: LinkedIn and Foursquare aren’t for everyone, but depending on the kind of business you do, these maybe valuable platforms to reach potential customers.

Video Media

• YouTube: YouTube continues to be a predominately an entertainment focused community, but its reach is undeniable.  If you have how-to videos, or a business presentation, they are good candidates for YouTube.
• Bonus Points Webinar: Webinars are a great way to interact with customers and the community.  Webinars add great value for any customer base.

Search Engine Marketing

• Google AdWords: This isn’t a must but for those of you who are just starting out, or struggling in competitive markets, pay-per-click campaigns with Google can get you that exposure when you need it.
• Bonus Points Pay-per-click on Facebook/LinkedIn/Yahoo/Bing: Although Google is the most recognized player; pretty much every major platform (Facebook, LinkedIn, Yahoo, Bing, etc) has a similar version of the pay-per-click program.  They may present a less competitive and more targeted environment to push marketing efforts.

Depending on your business and goals, the platforms mentioned may not be critical.  Also keep in mind that just because you are represented on these platforms doesn’t necessarily mean you are being represented well on each platform.  However, how to assess your effectiveness on the various online platforms is the topic for another post.

Do you have other platforms that are critical to your business’s online marketing strategy that you feel should be on this list?  Please share it with us in the comments.

Experience-based marketing is not a new concept, as it has been around for a while and many B2C companies have had a lot of success implementing it. The challenge is for B2B companies to use such techniques to advertise and market. Experience marketing gives the target audience a first hand experience by giving the audience the ability to touch, feel, see and know your offering or product.

Max Lenderman, the author of “Experience the Message“,  says engaging potential customers is more important than shoving advertisements into peoples’ faces. With an attention span of 8 seconds which is equal to that of a goldfish, it is really hard to reach the target audience minds with one or two or even 10 instances of our marketing campaigns. I like two examples that Max Lenderman gave at the Art of Marketing event.

Example 1: In India having a cell phone has become the fifth necessity after food, housing, clothes and electricity. Most of the people in rural places are not educated and their main preoccupation is with farming. Reaching such an audience to promote products is a difficult task. Billboards, TV, newspaper ads or online ads are all off limits. How do companies reach such audiences? The way marketing agencies do that is by implementing experience based marketing. They use pop ups in stores where they engage the audience via a street play, drama or musicals.

Example 2: Charmin, the maker of bathroom tissue, opened up a few free to use washrooms in one of the busy New York areas. People in New York’s Time Square area had resorted to washroom use in Starbucks or nearby restaurants. Now people are happy to see these public washrooms conveniently situated  that also provide an experience nothing like they have ever experienced before. In addition to providing a washroom facility, Charmin has richly decorated that place with fancy chairs, and a stage to dance and sing while waiting. Many people have left with pictures and most importantly praise and promise to use only Charmin from there on. View the video.

Takeaways for B2B marketers:
1.      It is more important to engage with the audience while marketing or showing off your product.

2.      Instead of spending thousands of dollars in billboards, banner ads and other expensive ads, make use of experience based marketing by giving away  free to use products and giving prospects a first hand experience.

3.      B2B marketers can learn from these examples by letting their potential customers experience the product before making a decision like the 30 day free trial by ActiveConversion.

4.      Make it easier for them to use/try the product. It is easier to make people switch if you change the environment to making ease of use your priority.

To all you B2B marketers, can you bring the flavor of experience into your marketing?

We at ActiveConversion make use of various social media channels – with our presence in Twitter, Facebook, LinkedIn groups, Slideshare, YouTube, Digg, StumbleUpon, Flickr and many more. Keeping track of all these social media channels and updating them on a regular basis is difficult and time demanding, but if we use them smartly they work very well to our advantage. With the advent of Internet and as the web 2.0 matures, the online community is an ever growing powerhouse, and it is quintessential to engage with our audience.

Broadcasting

Traditionally websites were developed as a brochure, with static content, one way communication. But as Web 2.0 matured, websites became more than just a brochure. It was necessary for companies to adapt to this ever changing World Wide Web where two- way communications was more than a necessity for any B2B type company. This communication can be in any form; blogs, forums, and online community etc. Similarly, social media channels started as a means of personal use. Twitter & Facebook mainly started as people to connect with their family and friends to let them know where they were or what they were doing or simply share activities and photos. Now B2B companies can also use Facebook and Twitter, but it is important to know the difference between using these channels to broadcast your message versus using them to engage with your targeted audience.

I recently attended “The Art of Marketing” event and found a very close connection in all the speeches that had a common theme of “Engaging”. It is important to understand that our users or customers, and our audiences are the most powerful and the biggest advocate for our products. For B2B companies, the new way of creating customer relationship is by engaging and knowing who their audience is and what are they talking about. Here are some of the speakers who talked about engaging with the audience:

Mitch Joel, the author of “Six degrees of separation” said the Internet is almost going to be as important and pervasive as the electricity”. In the social media world where B2B marketers are trying to connect with as many people as they can and create a solid followers base, it is important to understand that it is the basis of who is following you more important than how many followers you have.

Engaging

Gary Vaynerchuck, author of “Crush It!” cleverly stated that “Internet is just a baby and it still has to grow up and unleash its power”. Whether you are in B2C or B2B, Twitter, Facebook’s and similar social media accounts are a must have. If you don’t have either of these, it is not too late to jump on the bandwagon. Facebook credits are soon going to be precious currency and if we don’t use Facebook, and there is a big chance that companies might miss out on large opportunities in the future.  Social Media should be used intelligently in a way that we not only broadcast our messages and offers but to engage and be involved with our audience. Having a conversation with our audience, providing opinion, resolving issues on the go and engaging with our audience is a key.

Sally Hogshead, the author of “Fascinate” said, “Create messages for our network’s network”. Don’t ignore the larger network which is linked to our immediate network. Social media lets you connect to this web of networks that you simply can’t ignore.

So go ahead and start engaging in conversations!

If trade shows are an important part of your marketing strategy then you understand that they are one of the best ways to do both lead generation and face-to-face networking with a large group of qualified prospects. After a trade show, companies struggle with following up on a long list of inquiries with attendees, most of whom are not sales ready, and get neglected by the sales team who focus on ‘hotter’ leads.

Yves Matson, Senior Account Executive at ActiveConversion, & Nancy Nardin, President at Smart Selling Tools shared some strategies and tactics around increasing trade show ROI.

Attendees learned how equipping their company with simple and easy to use marketing automation software drives several benefits that increase trade show ROI:

Other topics covered were:

• Who is visiting your website right after a trade show
  - if you are “top of mind” enough for them to investigate you after a trade show, they are your best prospects!
• How to automate an email nurture campaign after a trade show
  - instead of having sales follow up with the entire list, have them focus on those that show engagement, even if that engagement is months later
• Track the effectiveness of various trade shows and compare the return on investment against each other

Download the recorded webinar from: http://www.activeconversion.com/webinar/webinar-june-2010-access.html

Download the presentation from: http://www.slideshare.net/activeconv/activeconversion-increasing-trade-show-roi

Both before and after the Global Petroleum Show, companies seriously interested in you will likely visit your website. Knowing who is interested in your product and services (and especially when), is something that you can use to increase your trade show return of investment substantially.

Finding The Needles in the Haystack
Research on trade shows have shown that serious buyers will gravitate to doing their research online and arrive at your website both before and after the trade show. But trade shows like the Global Petroleum Show can have two huge wins for exhibitors; Opt ins, and after show website visits.

Opt Ins
By virtue of the fact they are going to the GPS show, anyone visiting your booth is qualified in so far as they are in the energy industry. When one of them asks to be scanned for more information they are doing what is the holy grail of  marketing; they are “opting in”.

When someone asks for their badge to be scanned for more info, you can email nurture them  while always leading off with “you are receiving this because you visited our booth”. Then use a new breed of software to notify you as to who keeps coming back to your website, or visited the right pages on your website; it will tell you who to call, who you stand the best chance of building a relationship with.

The Bigger They Are, The Less They Call
Every exhibitor at the GPS hopes for booth visits from big, sought after accounts. But ironically the bigger the account, the less likely they are to call you after a trade show for fear of salespeople chasing them months on end. Regardless though, if these big accounts are interested in your company they will likely visit your website after the show to investigate your company further. Again, knowing who is visiting, who is interested in your company, who you should target over the weeks and months following the GPS show can be a significant competitive advantage.

eHow To Guide
Here’s a quick eHow To Guide from ActiveConversion that further explains what I’ve mentioned above. Good luck at the Global Petroleum Show 2010!

Companies know the value of their assets, things like a building they own, or intellectual property they have developed.   But assets can also include things less tangible, like the business processes they have painfully put in place, and professional sales and marketing collateral they have developed.  You really understand the value of these less tangible assets when you change jobs and go to a company that has inadequate or non-existent processes, or that has no sales and marketing collateral you’d be willing to hand out.

In this list of less tangible assets is the company’s website, usually in the same category as the brochure that it closely resembles.  But what is increasingly expected of websites is that, instead of being a static brochure, that they convey insight; captivating reasons to stay engaged with a website, maybe even follow it on social media.  The standard way a B2B website accomplishes this is with what I will call “website assets”; whitepapers or case studies (and the promise of new ones in a timely fashion), sometimes a nice video, or most effectively, a blog that is updated on a regular basis.  The problem is that developing website assets at all, let alone a consistent cyclical production, requires some not-insignificant commitment and resources to see through.  Most companies, even if they agree that website assets are good ideas, will say that they have little time or money to get these accomplished.

The Easy Path to High-Value Website Assets
So I have an alternative, something easier, something anyone who is even somewhat passionate about what they do for a living can do without breaking a sweat; a webinar.  If you can talk for 30 minutes to a customer or prospect about how you can solve one of their more pressing business problems, then you can do a webinar.  Now many people respond that they are not comfortable doing public speaking, even if you’re presenting to your computer, to them I council “then don’t host it live with an audience, host without an audience and record it”.

Instead of inviting everyone to the live webinar you’re afraid of doing, invite everyone to the recorded webinar they ‘missed’.  Put in the invite that if while watching the webinar they have any questions (answering these live is one key value of live webinars, certainly during the webinar you will answer a few canned ones) they can email them in, and you promise to answer each and everyone one of them.  And the best part is this recorded webinar is now a website asset, you can put a button on your website that engages visitors, maybe even convinces them to give you their contact info:

(this is a webinar I hosted in early May), here’s a link to our full list of recorded webinars.

So here they are, the

10 Reasons Your Company Should Do Webinars, because everyone likes lists, heck maybe you just jumped right to the list, so here it is:

1. Webinars are the easiest to achieve high-value content your company can generate; it is the easiest way to capture the expertise and experience of your senior people in a way that can be accessed over and over again by prospects visiting your website.
2. People like to hear things from people, not faceless corporations.  Webinars give you the opportunity for visitors to your website to hear your expertise and experience on specific topics that matter to them, much more so than the generic statements on the website.
3. The invitation to a webinar, and the follow up invitation to download the recorded webinar, are a valid reason to email your entire “in-house” list of contacts at least twice
4. Announcing you are having a webinar increases your credibility on the subject the webinar will focus on.  If you stick to a subject that you know well because of both successful experience and passion, you will likely build credibility.
5. This high-value content is ideal for pushing out to your social media network; the companies winning at social media are the ones contributing content that speaks to their credibility.
6. High-value content like this is very useful to your sales team; when they encounter this business problem they can refer prospects to a webinar recording on the respective subject from your guru.
7. Webinars are easier to sell to the gurus that need to host them; getting them to speak for 30-45 minutes on a subject they are an expert on and passionate about is something they do all the time, and is much more “natural act” than asking for a whitepaper.
8. You can use recorded webinars as “conversion elements” to build your list; gate them behind a form on your website and require a name and email address to access them (have a very good privacy policy very visible, and do an opt in campaign afterwards).
9. You can very effectively increase your brand credibility by co-hosting a webinar with one of your more recognized suppliers or vendors.
10. Webinars can be very nimble; if you recognize a shift in your industry, or an event that is of significance, you can quickly reach out to your audience with your insight on the topic.

Social media is becoming a popular avenue for businesses by creating a voice for their business and attracting prospective leads by distributing details, free offers and news about their product & services. For a long time, social media was looked upon as a personal communication channel, where you could provide your opinion about personal things. Since that time Social Media has greatly evolved into a channel for businesses that want to leverage social networks to share their respective experiences and how others can benefit from their offering.

Many have seen Social Media as a distribution channel, a value add asset for potential leads, and a means to offer promotions that will in turn entice people to follow them and be their customer.

Join Yves Matson, as he shares emerging best practices that effectively integrate Social Media into online marketing.

Webinar Title: How to use Social Media in B2B Marketing

To access the webinar recording, click on the link below:
http://www.foundpages.com/social-media-webinar.html

Topics included:

* Utilizing newsletters, blogging, case study publishing, and webinars for social media marketing
* Using Social Media as a distribution channel for blog, newsletter, or website content
* Case Study: How ActiveConversion uses Social Media Marketing for B2B marketing and how they measure ROI using marketing automation.

You likely must have heard about social media by now.  Social media is not a personal communication tool any more, you can use it for your business as well. You may have noticed that large number of websites have the three most famous; Twitter, Facebook and LinkedIn symbols on them so you can easily follow and broadcast websites that you like.  This has been quickly adopted by those in the ‘know’ because it makes it easy for your social networks to know about websites that you like.

In fact, you can now give the Facebook ‘thumbs up’ for websites, assuming the website has the Like button installed. On April 21, Mark Zuckerberg, founder of Facebook announced that there will be over 1 billion likes across the web in the just first 24 hours of the “Like” button. Over a million websites have added this feature to their websites and blogs in just 48 hours, and the number grows steadily each day.

So why should you care? You now have the ability to harness the power of other people’s virtual networks to bring visitors that might be interested in what you do – without spending a dime or pushing them to react! It also has instant credibility because it was passed by a friend or business associate. And don’t think it’s just about your small network of 100 friends, but also about those 100 people’s networks.

Besides the obvious referral your website might get, there are SEO factors at work in the background, making your website/blog come up more frequently on search engines, that will get search engine and ‘feed’ traffic as well.  You can get heard over the noise by letting your social network endorse your content. Google likes to rank content that is popular with real human beings, and this is an easy way to that.

For those that were still skeptical about social media for business, this should convince you and perhaps make you a believer. For an example of how the like it button works, go to FoundPages or ActiveConversion, to see how it has been implemented on these websites. And remember to click ‘Like’ if you like what you see!