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#COSeries
Welcome – We’ll Be Starting at 11:00 AM (ET)
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• For other technical issues, please access the Help widget (?) at the bottom of the screen
• This webcast will be recorded, and you will receive a link to the on-demand version via email
• Stay tuned for Q&A at the end. Please use the Q&A widget to ask your questions at any time
• Please download today’s available resources by clicking on each item in the Resource List
Thank You for Joining Us
#COSeries
What’s Not Working In B2B Marketing:
5 Things To Learn From The Fyre Festival Fail
SPONSORED BY:
#COSeries
Follow This Webinar on LinkedIn & Twitter
#COSeriesDemand Gen Report: @DG_Report
Andrew Gaffney: @Agaffney
Klaudia Tirico: @Klaudiatirico
Brian Anderson: @BranderSays
Alicia Esposito: @Alicia_FioEspo
Elise Schoening: @Elise_Schoening
#COSeries
#COSeries Prize Pack: Register & Attend to Win
Sign Up For & Attend All #COSeries Webinars
For Your Best Chance To Win!
• $5 Starbucks Gift Cards – 1 Winner Per Session
• Free Pass to #B2BSMX 2019 or #B2BMX20 – 1 Winner Per Day
• Apple AirPods – 1 Winner Per Series
Earn 1 automatic entry when you register and a
second entry when you attend each webcast live.
#COSeries
Questions, Tweets & Resources
Submit your
questions here
Download
today’s resources
Join the conversation
#COSeries
#COSeries
Panelists
MODERATOR:
Andrew Gaffney
Editorial Director
@Agaffney
Klaudia Tirico
Features Editor
@KlaudiaTirico
Brian Anderson
News Editor
@BranderSays
Alicia Esposito
Sr. Content Strategist
@Alicia_FioEspo
Elise Schoening
Assistant Editor
@Elise_Schoening
#COSeries
#COSeries
Process & Planning
Sometimes "thinking big" can be a big problem.
#COSeries
Billy McFarland
had big dreams.
#COSeries
In 2016 and 2017,
McFarland secured
$26.4 million
from more than 100 investors.
And people bought in to his vision.
#COSeries
But did he have
the plan and
processes in
place to make
his vision a
reality?
#COSeries
Not so much.
#COSeries
What made Fyre Fest
go off the rails?
•
•
•
•
•
#COSeries
This is not a plan!
The key to success?
Having a tactical plan
that all team members
are bought in to...and
can execute.
#COSeries
Strategic alignment, from beginning to end
CAMPAIGN STRATEGY
SALES PRODUCT
DEMAND
GEN
CONTENT
MARKETING
OPERATIONS
#COSeries
REINFORCES
MARKETING
STRATEGY
ENSURES ALIGNMENT
TO STRATEGIC GOALS,
PRODUCT RELEASES,
ETC.
SETS METRICS/KPIS PROCESSES BUDGETING/REPORTING
TOOLS TO HELP
OPTIMIZE
PERFORMANCE
Marketing Ops keeps everyone in check
#COSeries
Don't have a Fyre Fail. Follow these tips.
1. Bring in all stakeholders – Get early buy-in and do frequent
check-ins.
2. Develop an overarching campaign strategy based on
goals for the year.
3. Drill down into content creation
needs, promotion/amplification tactics, sales alignment
and involvement.
4. Craft your timeline, working backwards from goal
launch dates or other key milestones.
5. Support each other every step of the way.
6. Measure against objectives.
7. Learn and improve.
#COSeries
Employee Advocacy & Support
#COSeries
Fyre Festival
failed its
employees.
#COSeries
Don't underestimate the power of your employees.
• 65% of buyers rely on peer
recommendations & 54% use social
media to research vendors &
solutions
Source: 2018 B2B Buyers Survey
• Employee advocacy programs can
increase visibility (79%), boost
inbound web traffic (45%) and
improve brand loyalty (34%)
Source: Hinge Research Institute
#COSeries
— Donna Peeples, Pypestream
“If you’re going to think
about the customer first,
think employees always.”
#COSeries
10X
Increase in shared
posts
70%
Increase in
organic reach
360%
ROI from
employee advocacy
Employee advocacy done right.
• Fujitsu rolled out a formal employee advocacy program using Oktopost
• The program made it easier for employees to find and share content with
their networks
• Within 6 months, the company started to see results
Source: Demand Gen Report
#COSeries
1. Customers are critical, but your company will
go nowhere without a strong team to identify,
nurture and support them.
2. Create long-term, positive relationships with
your employees, just as B2B brands aim to do with
their customers and influencers.
3. Make sure your employees are aware of
major happenings in the company & aligned
across departments.
4. Encourage your employees to share content on social
media and equip them with the tools to do so.
Don't have a Fyre Fail. Follow these tips.
#COSeries
FYRE Starters
Fyre Festival gets in with the in crowd.
#COSeries
FYRE starters
THE PROBLEM?
None of the influencers properly disclosed
that they were compensated for the post.
• Fyre Festival influencer
campaign launched on Dec. 12
• It kicked off with 63 influencers
who posted a vague orange
colored graphic to social media
with the hashtag #FyreFest
• The campaign was said to
reach more than 300mm
people in 24 hours
#COSeries
FYRE starters
Kendall Jenner was paid
$250K for this post! (Yes,
just this one.)
#COSeries
The campaign was a huge success, driving much
hype for the event...But the influencers
were scammed too.
• Influencers were promised
luxury accommodations if they were even
invited to attend at all.
• Some ended up having to stay on a ship
and were later kicked off.
• Major influencers were not even at the
event, including Kendall
Jenner, Bella Hadid, etc.
• They didn't have the resources
to notify the influencers on the ship
about what was happening on the island.
#COSeries
When done right, influencer marketing can benefit
B2B businesses.
• 69% say that their influencer engagement strategy was effective or
got results.
• 59% of marketers are planning to increase their
influencer marketing budgets over the next 12 months.
• 78% of buyers are dedicating more time to researching solutions
and are increasingly turning to peers and thought leaders for
relevant insights.
• 65% rely on peer recommendations and review sites when making
purchase decisions.
• Influencer marketing has been shown to deliver 11X higher ROI
than traditional digital marketing tactics.
#COSeries
B2B influencer program done right.
• Oracle worked with 5 internal influencers
and 7 external influencers to tell a
cohesive story that subtly connected to
Oracle’s engineered systems products.
• Results:
– 4,321 combined blog views
– 134,228 social impressions
– 2,096 social engagements.
#COSeries
Don't have a Fyre Fail. Follow these tips.
• Have a clear influencer strategy in place and communicate it with the
influencer consistently.
• Develop an influencer strategy with long-term relationships in mind.
Not just one-off posts that eat up budgets.
• Don't just focus on influencers with extremely
large followings, micro-influencers can be just as effective.
• Make sure your influencer campaign aligns with both
parties' philosophy to maintain authenticity.
#COSeries
Social Media
FOMO or Uh-Oh?
#COSeries
Social media can generate buzz. Big time.
• The average B2B company is
on 6 social media networks.
— Content Marketing Institute
• 78% of companies now say
they have dedicated social
media teams.
— Altimeter Group
• Almost half (47%) use
social media to browse existing
discussions to learn more
about their topics of interest
— Demand Gen Report
#COSeries
FOMO only goes so far.
• Generating FOMO only works when there is a clear value proposition.
• While an exclusive VIP festival seems tempting, it can only go so far.
• Unclear offerings can lead to unwanted social media attention.
#COSeries
The double-edged sword.
#COSeries
B2B example: Juniper Networks
• One of this year’s Shorty Awards finalists in the
B2B social media category.
• Eight influencers were invited to participate in a
challenge to build the best data center design out
of Legos. The winners of the challenge would be
rewarded with a donation to the charity of their
choice.
• The winner was announced via social media
with accompanying imagery and content from
the influencers. Goal was to fuel conversation via
Facebook, Twitter and LinkedIn.
• Engagements with the brand’s unique content
increased 75.27% during the month of the contest
as compared to the month prior.
#COSeries
1. Follow the three Cs: CLEAR, CONCISE,
COMPELLING.
2. Don't silence your audience!
3. Listen & Learn!
Don't have a Fyre Fail. Follow these tips.
#COSeries
Don't Over Promise
Be in the business of exceeding expectations.
#COSeries
Managing expectations.
• It's critical to set realistic expectations
for both internal and external
stakeholders.
• In both cases, being overly ambitious
could be dangerous!
#COSeries
Don't over promise.
This is what gourmet food wound
up looking like at Fyre.
Remember letting your audience
down could have boomerang
effect.
#COSeries
Deliver on the metrics that matter.
• Focus on quality over
quantity
• Think conversions,
especially at later stages
of funnel
• Adjust for ABM
#COSeries
Thank You!
MODERATOR:
Andrew Gaffney
Editorial Director
@Agaffney
Klaudia Tirico
Features Editor
@KlaudiaTirico
Brian Anderson
News Editor
@BranderSays
Alicia Esposito
Sr. Content Strategist
@Alicia_FioEspo
Elise Schoening
Assistant Editor
@Elise_Schoening
#COSeries
Register for more sessions now thru April 26th
Join Our Next Session: ABM And Modern B2B Advertising:
Reaching The Buying Committee At Your Target Accounts
http://webinars.demandgenreport.com/campaign-optimization-series/2019/
April 22nd
12:00 PM Eastern

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What’s Not Working In B2B Marketing: 5 Things To Learn From The Fyre Festival Fail

  • 1. #COSeries Welcome – We’ll Be Starting at 11:00 AM (ET) • Audio will stream through your computer or mobile device speakers. No dial-in is available or required. Please ensure that your speakers are turned on. • Should slides or video appear to freeze during the webcast, please try refreshing your browser • For other technical issues, please access the Help widget (?) at the bottom of the screen • This webcast will be recorded, and you will receive a link to the on-demand version via email • Stay tuned for Q&A at the end. Please use the Q&A widget to ask your questions at any time • Please download today’s available resources by clicking on each item in the Resource List Thank You for Joining Us
  • 2. #COSeries What’s Not Working In B2B Marketing: 5 Things To Learn From The Fyre Festival Fail SPONSORED BY:
  • 3. #COSeries Follow This Webinar on LinkedIn & Twitter #COSeriesDemand Gen Report: @DG_Report Andrew Gaffney: @Agaffney Klaudia Tirico: @Klaudiatirico Brian Anderson: @BranderSays Alicia Esposito: @Alicia_FioEspo Elise Schoening: @Elise_Schoening
  • 4. #COSeries #COSeries Prize Pack: Register & Attend to Win Sign Up For & Attend All #COSeries Webinars For Your Best Chance To Win! • $5 Starbucks Gift Cards – 1 Winner Per Session • Free Pass to #B2BSMX 2019 or #B2BMX20 – 1 Winner Per Day • Apple AirPods – 1 Winner Per Series Earn 1 automatic entry when you register and a second entry when you attend each webcast live.
  • 5. #COSeries Questions, Tweets & Resources Submit your questions here Download today’s resources Join the conversation #COSeries
  • 6. #COSeries Panelists MODERATOR: Andrew Gaffney Editorial Director @Agaffney Klaudia Tirico Features Editor @KlaudiaTirico Brian Anderson News Editor @BranderSays Alicia Esposito Sr. Content Strategist @Alicia_FioEspo Elise Schoening Assistant Editor @Elise_Schoening
  • 8. #COSeries Process & Planning Sometimes "thinking big" can be a big problem.
  • 10. #COSeries In 2016 and 2017, McFarland secured $26.4 million from more than 100 investors. And people bought in to his vision.
  • 11. #COSeries But did he have the plan and processes in place to make his vision a reality?
  • 13. #COSeries What made Fyre Fest go off the rails? • • • • •
  • 14. #COSeries This is not a plan! The key to success? Having a tactical plan that all team members are bought in to...and can execute.
  • 15. #COSeries Strategic alignment, from beginning to end CAMPAIGN STRATEGY SALES PRODUCT DEMAND GEN CONTENT MARKETING OPERATIONS
  • 16. #COSeries REINFORCES MARKETING STRATEGY ENSURES ALIGNMENT TO STRATEGIC GOALS, PRODUCT RELEASES, ETC. SETS METRICS/KPIS PROCESSES BUDGETING/REPORTING TOOLS TO HELP OPTIMIZE PERFORMANCE Marketing Ops keeps everyone in check
  • 17. #COSeries Don't have a Fyre Fail. Follow these tips. 1. Bring in all stakeholders – Get early buy-in and do frequent check-ins. 2. Develop an overarching campaign strategy based on goals for the year. 3. Drill down into content creation needs, promotion/amplification tactics, sales alignment and involvement. 4. Craft your timeline, working backwards from goal launch dates or other key milestones. 5. Support each other every step of the way. 6. Measure against objectives. 7. Learn and improve.
  • 20. #COSeries Don't underestimate the power of your employees. • 65% of buyers rely on peer recommendations & 54% use social media to research vendors & solutions Source: 2018 B2B Buyers Survey • Employee advocacy programs can increase visibility (79%), boost inbound web traffic (45%) and improve brand loyalty (34%) Source: Hinge Research Institute
  • 21. #COSeries — Donna Peeples, Pypestream “If you’re going to think about the customer first, think employees always.”
  • 22. #COSeries 10X Increase in shared posts 70% Increase in organic reach 360% ROI from employee advocacy Employee advocacy done right. • Fujitsu rolled out a formal employee advocacy program using Oktopost • The program made it easier for employees to find and share content with their networks • Within 6 months, the company started to see results Source: Demand Gen Report
  • 23. #COSeries 1. Customers are critical, but your company will go nowhere without a strong team to identify, nurture and support them. 2. Create long-term, positive relationships with your employees, just as B2B brands aim to do with their customers and influencers. 3. Make sure your employees are aware of major happenings in the company & aligned across departments. 4. Encourage your employees to share content on social media and equip them with the tools to do so. Don't have a Fyre Fail. Follow these tips.
  • 24. #COSeries FYRE Starters Fyre Festival gets in with the in crowd.
  • 25. #COSeries FYRE starters THE PROBLEM? None of the influencers properly disclosed that they were compensated for the post. • Fyre Festival influencer campaign launched on Dec. 12 • It kicked off with 63 influencers who posted a vague orange colored graphic to social media with the hashtag #FyreFest • The campaign was said to reach more than 300mm people in 24 hours
  • 26. #COSeries FYRE starters Kendall Jenner was paid $250K for this post! (Yes, just this one.)
  • 27. #COSeries The campaign was a huge success, driving much hype for the event...But the influencers were scammed too. • Influencers were promised luxury accommodations if they were even invited to attend at all. • Some ended up having to stay on a ship and were later kicked off. • Major influencers were not even at the event, including Kendall Jenner, Bella Hadid, etc. • They didn't have the resources to notify the influencers on the ship about what was happening on the island.
  • 28. #COSeries When done right, influencer marketing can benefit B2B businesses. • 69% say that their influencer engagement strategy was effective or got results. • 59% of marketers are planning to increase their influencer marketing budgets over the next 12 months. • 78% of buyers are dedicating more time to researching solutions and are increasingly turning to peers and thought leaders for relevant insights. • 65% rely on peer recommendations and review sites when making purchase decisions. • Influencer marketing has been shown to deliver 11X higher ROI than traditional digital marketing tactics.
  • 29. #COSeries B2B influencer program done right. • Oracle worked with 5 internal influencers and 7 external influencers to tell a cohesive story that subtly connected to Oracle’s engineered systems products. • Results: – 4,321 combined blog views – 134,228 social impressions – 2,096 social engagements.
  • 30. #COSeries Don't have a Fyre Fail. Follow these tips. • Have a clear influencer strategy in place and communicate it with the influencer consistently. • Develop an influencer strategy with long-term relationships in mind. Not just one-off posts that eat up budgets. • Don't just focus on influencers with extremely large followings, micro-influencers can be just as effective. • Make sure your influencer campaign aligns with both parties' philosophy to maintain authenticity.
  • 32. #COSeries Social media can generate buzz. Big time. • The average B2B company is on 6 social media networks. — Content Marketing Institute • 78% of companies now say they have dedicated social media teams. — Altimeter Group • Almost half (47%) use social media to browse existing discussions to learn more about their topics of interest — Demand Gen Report
  • 33. #COSeries FOMO only goes so far. • Generating FOMO only works when there is a clear value proposition. • While an exclusive VIP festival seems tempting, it can only go so far. • Unclear offerings can lead to unwanted social media attention.
  • 35. #COSeries B2B example: Juniper Networks • One of this year’s Shorty Awards finalists in the B2B social media category. • Eight influencers were invited to participate in a challenge to build the best data center design out of Legos. The winners of the challenge would be rewarded with a donation to the charity of their choice. • The winner was announced via social media with accompanying imagery and content from the influencers. Goal was to fuel conversation via Facebook, Twitter and LinkedIn. • Engagements with the brand’s unique content increased 75.27% during the month of the contest as compared to the month prior.
  • 36. #COSeries 1. Follow the three Cs: CLEAR, CONCISE, COMPELLING. 2. Don't silence your audience! 3. Listen & Learn! Don't have a Fyre Fail. Follow these tips.
  • 37. #COSeries Don't Over Promise Be in the business of exceeding expectations.
  • 38. #COSeries Managing expectations. • It's critical to set realistic expectations for both internal and external stakeholders. • In both cases, being overly ambitious could be dangerous!
  • 39. #COSeries Don't over promise. This is what gourmet food wound up looking like at Fyre. Remember letting your audience down could have boomerang effect.
  • 40. #COSeries Deliver on the metrics that matter. • Focus on quality over quantity • Think conversions, especially at later stages of funnel • Adjust for ABM
  • 41. #COSeries Thank You! MODERATOR: Andrew Gaffney Editorial Director @Agaffney Klaudia Tirico Features Editor @KlaudiaTirico Brian Anderson News Editor @BranderSays Alicia Esposito Sr. Content Strategist @Alicia_FioEspo Elise Schoening Assistant Editor @Elise_Schoening
  • 42. #COSeries Register for more sessions now thru April 26th Join Our Next Session: ABM And Modern B2B Advertising: Reaching The Buying Committee At Your Target Accounts http://webinars.demandgenreport.com/campaign-optimization-series/2019/ April 22nd 12:00 PM Eastern