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Archive for the ‘B2B Marketing’ Category

Content Marketing Generated a 5,100% ROI for Health Care Innovator Optum

July 27th, 2016

The promise of content marketing is that all that’s needed to provide value is creating high-quality material that gets noticed. The material then does all the pre-selling for you so your company closes more deals with greater efficiency.

No need for cold calls, pushy sales tactics, or throwing money at direct mail.

But the question since the beginning has always been, “does it ROI?”

According to Karen Thomas-Smith, VP Provider Marketing and Reference Management at healthcare giant Optum, it absolutely does. She led a team in a pilot program at Optum that completely turned the company’s traditional campaign-based strategy on its head.

“We literally flipped all the roles on their side,” she said.

“We don’t even want to talk about campaigns. We want to first look at a list of all the content, all the topics we need to be talking about, then build a campaign.”

It worked. Swimmingly.

Thomas-Smith’s strategy generated $51 for every $1 spent on her pilot program, alongside the following results:

  • 12 million impressions
  • 10,000+ downloads of gated content
  • $120+ million in sale pipeline

Watch the video to see the full strategy below:

Time Stamps:

1:00 – Quick look at the preliminary results

2:20 – Background on Optum

3:16 – Evaluating the team based on a marketing maturity model

6:00 – Why content marketing is important

8:15 – Aligning the organization around content

12:32 – Building customer personas

17:36 – Creating a content strategy

20:36 – How Optum takes care of their client champions (for content)

22:25 – Creating compelling content

25:45 – How Optum maximizes its content production with content nuggets

28:00 – The overall content machine and how it works

31:25 – How marketing works with sales in Optum’s model

33:43 – Optum’s four lead nurturing phases

37:45 – Optum’s results to-date

38:19 – Thomas-Smith’s top takeaways

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MarketingSherpa Summit 2017 | Aria, Las Vegas | April 10-13

How maurices Increased ROI by the Strategic Use of Omni-channel Marketing

May 27th, 2016

“The real challenge is that the path to purchase isn’t just a single step anymore,” said Ali Wing, Chief Marketing Officer, maurices.

The clothing retailer has addressed this in two ways, Ali said.

  • Putting in place attributions in order to organize which channels receive credit
  • Transitioning analysis of those attributions from a transactional approach to that which includes well-rounded customer data

“We’re attaching customer data so we get a long-term value in understanding the customer we’ve acquired, versus the transaction we just acquired,” said Eric Bibelnieks, Vice President of Enterprise Analytics, maurices.

 

Many marketers struggle in a transition of this nature with understanding which data points are important when it comes to understanding your customers, and Ali has a specific approach that helps her and her team.

“I don’t care as much about absolute precision in any one of the channels. I care about a criterion that I consistently apply and then watch for patterns, because patterns tell us more than the nominal amounts in any one of the channels right now,” she said.

Read more…

From 0 to 233,000 Members: 7 steps to running an effective LinkedIn group

March 4th, 2016

LinkedIn groups are one of the many helpful aspects of the professional community available on the platform. It can help you to build connections, get questions answered, share your expertise and demonstrate thought leadership.

With this in mind, I started the B2B Lead Roundtable Group to be a community for people to learn and discuss the many facets of B2B lead generation. However, over time, I noticed that our group discussions started to look more like Twitter feed. Discussions became overrun with blogs, articles and other content sharing and hyperlinks but there was no discussion happening.

B2B Lead Blog Conversations

 

It was time for a change. As I was researching I came across Eric Blumthal and his group “Sales / Marketing Executives Forum” which boasts over 233,974 members and was voted “Best LinkedIn Group for Sales / Marketing Executives” by several publications. And this group is 100% discussion, no link sharing.

Read more…

Content Strategy Versus Content Volume: How HR tech company, WorkCompass, wrote less content, but increased leads by 300%

January 29th, 2016

Content marketing is a lot of work. Any company doing content marketing has to also run a media business on the side of their regular business.

But what if you could do less writing and still increase your leads by 300%?

That’s exactly what Alan O’Rourke did at HR performance management software company, WorkCompass, with a small marketing team.

According to his blog post on Audience Stack, O’Rourke was having trouble getting his content marketing efforts to pay off.

I tried it for a few months but found I was just sending more content to the same people. More was not better. It was just more. Using basic inbound marketing our audience and reach was not growing.

So what he did instead was create an inbound marketing strategy that focused 70% of his team’s effort on promoting his content, and 30% of his team’s effort in actually creating the content.

The results were fantastic. In fact lead capture (my primary measurement of success) jumped by over 300%!

Fortunately, he mapped out his entire strategy in a nice infographic. He calls it the One Month Micro B2B Marketing Plan — although I’m sure most savvy ecommerce marketers out there will be able to apply the same principles to their own content marketing strategies.

Micro B2B Marketing and Promotion Plan - Audiencestack.com
The Micro B2B Marketing and Promotion Plan from AudienceStack.com

 

So what does this mean for your team?

It means you can at least test slowing down your editorial calendar to produce higher quality long form content to promote over and over again.

P.S. I found O’Rourke’s blog post and infographic from a post on Reddit, where he had promoted it. Now I’m writing about it here, giving him links and hopefully sending a significant amount of traffic his way. So he’s doing something right.

 

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How to Engage in the B2B Sphere With Nostalgia

January 15th, 2016

Having lighthearted fun with your customers is probably the most effective way to engage them with your services. Especially when you want to stand out in the B2B sphere.

At data protection company Intronis, a multi-channel campaign was launched around a dimensional mailer with an initial incentive of an Atari game console replicator.

Intronis sells to a very specific type of customer, IT service providers, who is “very busy, they have a lot going on. They have to run their business, they have to help their customers with their problems. So we were looking for a way that we could break through that noise,” Aaron Dun, CMO, Intronis, said.

Aaron’s team discovered that with their targets, traditional tactics like phone calls and email weren’t really getting through. After a challenge by their CEO to do a direct mail piece, they began thinking about what would resonate with customers.

“Our target audience … are, generally speaking, men between the ages of 30 and 50. So with that is insight. We started thinking around, ok what kind of thing can we send to them, that will really get them to engage with us and think about Intronis in a different way,” Aaron said.

 

The team, lead by Richard Delahaye, Director of Marketing, Intronis, began looking into what Intronis could send out that would be distinguishing.

Read more…

B2B External Communications: How IBM conveys the value of complex products, spotlights innovative employees and entrusts employees with social media

October 6th, 2015

B2B companies often face a struggle with communications to the outside world. Regularly, products or technologies are shrouded in secrecy with an occasional blimp on social media.

At &THEN 2015, DMA’s annual event, Jon Iwata, Senior Vice President of Marketing and Communications, IBM, sat down with Daniel Burstein, Director of Editorial Content, MarketingSherpa, to discuss how B2B companies can have a voice in a consumer world.

Simply, Jon talked about how to communicate brands and products, how to establish authority and credibility among employees and how employees can become company advocates on social media.

You can watch the full interview with Jon Iwata here:

 

How to communicate brand and products to the world

Although IBM is primarily a B2B company, for many it remains a household name in technology, innovation and computer science.

“Even though we are a B2B company, we want to be a company that is relevant to millions and millions of people,” Jon said. “You can call them consumers; you can call them future IBMers, future business decision makers, shareholders, neighbors.”

“We still want to be known; recognized; frankly, admired; and relevant to people,” Jon said. IBM is an early innovator in taking some of these complex B2B technologies and communicating them through more B2C means.

Read more…

Personalized Marketing: Choosing your targets wisely

May 22nd, 2015

A recent MarketingSherpa B2B Newsletter case study, “Personalization Marketing: In-trial messages increased online registrations by 15% for a B2B SaaS,” covered Brainshark, a cloud-based B2B service for training, sales conversions and marketing. The case study examined how Brainshark pushed personalized messaging on users of a freemium product that offered a scaled down version of one of its main enterprise products.

These messages took the form of informational and educational tips about using the freemium products and promotions for other free Brainshark products, while offering to upgrade to the paid version.

The freemium product, myBrainshark, creates video presentations out of static data, such as presentation slide shows, spreadsheet data, PDFs and other written content. Although Brainshark targets business users director-level and above in sales training, enablement and operations, the freemium product attracted more than just attention from business users. Arthur Gehring, Vice President of Demand Generation, Brainshark, said educators were another main user base.

He explained, “It’s amazing how much kids today are using technology like this in the classroom. It’s really cool. A lot of high schools, elementary schools, use myBrainshark as a learning aid.”

Arthur continued, “Those people — we’re not as interested in trying to sell them an enterprise product.”

At the same time, for Brainshark’s actual target audience, Arthur said the team wanted to know more about those users and used analytics to see what they were looking for. He described it as, “[trying to] help them and hopefully provide more value to them.”

 

Making registration quick and painless

To register for myBrainshark, new users only have to provide a screen name and email and create a password. Arthur said the small number of form fields was to drive as many registrations as possible.

1

Read more…

Inbound Marketing: How a B2B company used a content marketing strategy to improve customer experience

March 23rd, 2015

Originally published on B2B LeadBlog

Inbound marketing is typically a term reserved for B2C companies striving to draw customers in with flashy social media campaigns, witty tweets and beautiful infographics.

B2B companies have the very unique challenge of asserting themselves and becoming a voice of authority in their respective industries, and inbound marketing can be a powerful way to do that – the nuances of which are not just reserved for those speaking directly to consumers.

Starting off, attracting the right people and the speaking to the right audience is essential in a B2B inbound marketing campaign.

Using three simple questions that you can use to structure your own campaigns, see how Stephen Bruner, Marketing Manager of Vertical Markets, Precor, detailed how the fitness equipment company successfully navigated an inbound strategy with a complex sale at Email Summit 2015.

Who are we speaking to?

Before you start sending a message, you first need to understand who it is that you’re communicating with. Different audiences require different perspectives, pieces of information and credibility indicators than others.

In the example below, Precor identified three key industries that it targets as customers. Each industry will demand unique selling points that will best serve the end user.

For instance, a traditional club gym might care more about user-friendly entertainment systems and headphone connectivity – features to distinguish them from competition — whereas an educational facility, such as a university gym, would want to know about longevity and quality of products. 12 month awareness

 

What message are we trying to convey?

Once you’ve established who your audience is, establish how you fit into the conversation. This can best be done by either accentuating the positive elements that they already have or reducing, even possibly eliminating negative experiences.

In the Precor example below, the team focused on reducing a pain point or anxiety that a future gym owner is facing. (Realize that Precor first targets a specific audience before refining the messaging.)

Although the content is from Precor, notice that they are not selling product at this level. The content is simply establishing who the brand is in the mind of the future gym owner. The message being conveyed is simply presenting Precor as a resource for fitness center owners.

Creating this type of shareable and digestible content makes it easy to follow Precor on Twitter, with the understanding that these articles will help owners alleviate pain points throughout their careers – creating an association of credibility with the Precor brand at the genesis of the business. social example

 

What do we want them to do?

Lastly, establishing a year-long calendar for each persona is essential in maintaining a healthy relationship with your customers and followers.

In Precor’s example below, you can see the color-coded strategy for each persona across the year, having “flow-ups” through the second half of the year.

As you analyze the content schedule, you can see a very clear funneling throughout the year, pointing each group toward a purchase. Pointing, that is, but not pushing.

For example, from January to April, you can see the healthy content mix of infographics, videos, white papers, blog posts, with a few promos throughout. Fitness equipment is a complex sale, with expensive equipment and a limited budget. 12 month situational awareness

This is a very intentional use of email and social content, driving the customer down the funnel with informative and sharable content. This plan establishes when a conversation will happen in a logical order throughout the course of a year, focusing on the long-term relationship between Precor and its customer.

By establishing such a plan and creating a hub of content, Precor is not only helping customers make decisions, but also creating fans and building credibility within the industry as a valuable resource.

You can follow Jessica Lorenz, Event Content Manager, MECLABS Institute on Twitter at @JessicaPLorenz.

 

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A/B Testing: How adding a second CTA increased clickthrough 291%

February 23rd, 2015

Originally published on B2B LeadBlog

How do you serve “ready to buy” customers and “just looking” prospects on the same page?

You don’t want to alienate one group while speaking to the other. However, you still need to offer both sets of customers the next step they need no matter their level of interest.

To answer that question and more for one B2B SaaS nonprofit, Jon Powell, Senior Executive Research and Development Manager, MECLABS Institute, worked with Shari Tishman, Director of Engagement, and Lauren Wagner, Senior Manager of Engagement, both of VolunteerMatch.

VolunteerMatch was selected as the “client” for this year’s Email Summit live test. The team designed a three-part series of experiments, the first two leading up the interactive live test to launch tomorrow, Feb. 24, here at Summit.

Since today marks the first day of Summit activities I’ll be giving you a behind the scenes look at Test No. 2 of the series. Check out the MarketingExperiments Blog to learn about the test background and call for treatment ideas and to learn about the results and what they mean. VolunteerMatch

Before we get into the specifics of this test, let’s review why this test is important to the series. The solutions page test will help us to understand the most attractive derivative value for actual sales-ready leads to include in the call-to-action section of the email for optimization at the Summit.

Basically, we should be able to take what we previously learned about prospects and transfer it to another channel of testing: email.

 

Experiment background

Primary Research Question: Which call-to-action variable cluster will achieve the highest contact page conversion rate?

Secondary Question: Which call-to-action variable cluster will achieve the highest total page click-through rate?

Test Design: A/B split test

Before the test

Prior to the test and its control, the VolunteerMatch team had already updated the call-to-action (CTA) on the product page. The original CTA read, “Let’s Get Started Together.”CTA1 While the CTA did a good job of attracting customers across the spectrum of motivation levels, it seemed the pipeline became full of leads not motivated enough to move forward. This caused a lot of fruitless time for the sales staff. Motivation   That led the team to create a new CTA, which is the control for this test.

Control

To limit the amount of leads entering the pipeline, so that there are more qualified prospects, the team changed the copy to “Contact Sales for a Quote.”CTA2 Motivation2However, this left no option for those prospects simply trying to learn more. This lead to the creation of the two-option CTA for the treatment.

Treatment

When conducting analysis on the solutions page, click tracking showed that 2.39% of visitors were leaving the page to go to the demo page.

Since that would be a useful place for prospects to learn more if they weren’t ready to buy, the team thought it would make the most sense as a secondary CTA. Instead of letting those lower-motivated prospects blindly stumble around the site, a demo CTA would allow VolunteerMatch to guide them there. CTA3The copy of the Contact Sales CTA was also changed. The team hypothesized that “Contact Sales” could have produced a high-level of anxiety in visitors.

There was also a lack of clarity. What exactly does “contact” mean? And what will a quote consist of? To help answer some of those concerns, the team developed the “Speak to a Director” treatment of the CTA.

Results

Let’s look at the metric results to the secondary research question: overall clickthrough rate. ResultsAs you can see, adding another CTA increased overall clickthrough. The question after that would be if it this impacted the clickthrough to the Contact Sales CTA. However, there was no statistical difference between the control and the treatment.

In fact, no visitor who clicked through to the sales contact form page on the control filled out the form. However, of those who landed on the sales contact page from the treatment, 30% of visitors filled out the form.

Additionally, of the 8.1% visitors to click on the demo CTA, 12.5% of them converted on the demo.

 

What you need to know

It’s possible to serve two groups of prospects on one solutions or product page. There can be fear when adding a second CTA that you will lose clickthrough or leads, but you won’t know if you don’t test.

For VolunteerMatch, that wasn’t the case at all. The second CTA did not diminish clickthrough to the contact form page. Rather, it seems as if the update copy in addition with another option to learn more allowed better qualified visitors to click through, seeing as the rate of completion went up.

Additionally, we were able to better guide lower sales-ready visitors to a page that might be better suited for them: the demo.

Adding the demo CTA allowed us to decrease the need for unsupervised thinking on the part of visitors. If left to themselves, visitors might not have found the demo and could have left the site without gaining information that would have led to an eventual sale.

 

Email Summit live test

Be sure to attend Jon’s session tomorrow after lunch with VolunteerMatch – “Hands-on Live Test Lab: Learn how to improve your already successful marketing” – to contribute to the live test.

If you’re not able to join us here in Las Vegas this week, we’ll be sharing a case study about the Email Summit live test in the MarketingSherpa B2B Marketing newsletter after Summit.

 

If you liked to learn all of the top takeaways from Email Summit 2015, stay tuned to the MarketingSherpa Email Marketing Newsletter. An event recap with everything you need to know will be published in the coming weeks.

You can follow Selena Blue, Manager of Editorial Content, MECLABS Institute on Twitter at @SelenaLBlue.

 

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Lead Generation: How an insurance company reduced acquisition costs in purchased leads

February 16th, 2015

Originally published on B2B LeadBlog

Generating leads organically can ease the qualifying process, throwing “bad” leads out that are simply not worth pursuing. Growing a list organically also allows marketers to know more about a prospect right from the get-go, passing more qualified leads on to Sales.

However, when you start supplementing organic leads with purchased leads from a third party, how can you be sure you are getting the most bang for your buck?

According to the Salesforce 2015 State of Marketing report, lead quality is the No. 2 most pressing business challenge for marketers today.

Plymouth Rock, one of the largest insurance groups offering car and homeowner’s insurance in New Jersey, faced the challenge of ensuring lead quality.

“There are a lot of expenses associated with purchasing hundreds of thousands of leads annually, so we are constantly working to maximize acquisition economics,” explained George Hurley, Director of Marketing Analytics, Plymouth Rock Management Company of New Jersey.

The team at Plymouth Rock needed a way to ensure that the purchased leads were going to be viable with the ultimate goal of lowering acquisition expenses. Lead Generation

Identify “risky” or “bad” leads

With so many leads being purchased by Plymouth Rock, the team determined it would be cost effective to bring on a tool that would help identify bad leads instead of doing it manually.

George and the Plymouth Rock marketing team categorize bad leads, or leads that do not sell, in terms of how that lead was generated.

For example, if that purchased lead was generated in less than five seconds, that would be a lead Plymouth Rock would not want to pursue.

With form fields containing multiple questions and often multiple webpages, George explained that oftentimes, it is impossible for a person to fill one out in less than five seconds.

Concurrently, the fraud detection product can also tell the team if thousands of leads were generated from the same IP address located in a foreign country. If that’s the case, it’s highly unlikely they would be looking into insurance in New Jersey.

 

Change the way leads are purchased

With the knowledge of how a purchased lead was generated, the Plymouth Rock marketing team now prefers to buy leads from aggregators and generators that are also using the tool to identify bad leads.

Using the tool for lead audit and fraud prevention is now a best practice for the marketing team, which has lowered expenses at Plymouth Rock.

“We hope that others in the industry will follow this practice, driving down expenses,” George explained.

The marketing team couples the data now known on how that lead was generated with another tool that provides insights into a particular lead’s authenticity. An example is a lead for “Mickey Mouse” at “123 Main Street” with a phone number of “867-5309,” which is clearly false information.

“There are very different purposes in the two technologies, but both work to eliminate leads that we believe to be bad leads,” he said.

 

Communicate successes across the organization

By better understanding how purchased leads were generated, the marketing team has been able to improve the relationships with the sales team because they are providing better-quality leads.

Results are communicated via monthly meetings with stakeholders, including multiple leadership departments, and the marketing analytics group pulls daily reports to demonstrate how leads are performing on any given day.

“We’re very heavily focused on the acquisition costs, so that’s a conversation piece we’re always having, but with the help of the advanced analytics team … we are also looking into lifetime value metrics,” George said.

Since using the lead audit and fraud detection tool, Plymouth Rock saw a 68.8% decrease in cost per acquisition and identified 528% more fraud.

The team also noted that almost zero percent of medium- and high-risk leads converted, confirming the success of carefully analyzing how purchased leads were generated.

 

You can follow Erin Hogg, Reporter, MECLABS Institute, on Twitter at @HoggErin.

 

Source: LeadiD

 

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