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SOCIAL MEDIA
                IN

                      MEASURABLE
                       B2B MARKETING




MIKKO EEROLA
WWW.AVAUS.FI
@TULENSRMA
2
            
            


            We combine strategy,
            analytics and design with
            technology and outsourcing
            services.
DRIVING
             
BUSINESS
            Focus areas:
            •  Digital transformation
            •  Customer growth
            •  Digital sales and B2B Lead
               management
            •  Business model & service
               innovation
            •  Business process efficiency
SOME GREAT COMPANIES WE WORK WITH:




                                                       92 SPECIALISTS

                                        OFFICES IN HELSINKI, FINLAND
                                             AND WROCLAW, POLAND

                                     REVENUE 10 MILLION € (est. 2012)
CREATING A

    COMPETITIVE
    
 ADVANTAGE
                                                     BASES FOR
                                                     DIFFERENTIATION
It’s difficult to differentiate
based on price or product
characteristics. It might work for
a while, but usually competition          UNIQUE
catches up.
                             PRODUCT

However REALLY KNOWING
YOUR CUSTOMERS and
serving them based on their
individual needs will set you
apart. 
                                              COST

                                                   ADVANTAGE
Traditional B2B selling is NO
LONGER ENOUGH TO
CREATE CUSTOMER                      CUSTOMER
INTIMACY.
                           INTIMACY
THE

CHALLENGE:

 IS NOT REALLY ME
THIS IS WHAT YOU SEE, BUT IT


A LOT OF THE CUSTOMER INFORMATION
COMPANIES CURRENTLY USE ISN’T REALLY
FOCUSED ON GETTING TO KNOW WHO THEY
ARE AND WHAT THEY NEED. 

AND ABOVE ALL IT DOESN’T TELL MUCH ABOUT
WHAT THE SITUATION – THE CONTEXT – OF THE
CUSTOMER IS RIGHT NOW.
THIS IS
ME
               ü  Head of sales at midsize company
               ü  Member of executive team




               ü  Decision maker for sales and
                   marketing related purchases
               ü  Influencer in IT investment decisions
               ü  Gadget freak
               ü  Cigar aficionado
               ü  Time strapped, convenience
                   oriented
               ü  No children, has a cat
               ü  Houseowner
               ü  Lives outside city 
               ü  Loves to travel
               ü  Fair price, not necessary cheapest
               ü  Prefers digital channels
               ü  Read your slideshare presentation,
                   clicked on a link in newsletter, Twitter
                   follower, FB fan
               ü  Only visits your website when
                   prompted
THE HEART OF                                                          Products/
CUSTOMER INTIMACY IS
                                               services in use


RELEVANCE
                                             Customer
                                                       lifecycle
                                                                                       Purchase
                                                                                         history
                                                                                                                IS HELP FROM THIS
                                                                                                              COMPANY RELEVANT 
                                                                                                             IN THE NEAR FUTURE?
                                                                                              Contact                           DAYS TO
                                                                                               history
                         MONTHS


                               Web searches
                         RELATIONSHIP
 IS THIS SOMETHING I
 NEED RIGHT NOW?
                                                    CONTEXT
REAL-TIME
             Visit to webpage



                   Purchase
         IMMEDIATE
                                       CONTEXT
                                                                                                           Expressed
                                                                              PERSONAL                         needs
                       Call to CC
                                                                              CONTEXT
                                                                                                                Area of
                               Weather
                                                                       residence

                                           Location
                Preferences
                                                          YEARS

                                                                                                          Lifestage
       IS THIS IMPORTANT 
                                                                          Attitudes
                                            TO ME IN LIFE?

                                                                                           Social
                                                                                        connections
understanding context


                                            +
  CUSTOMER                                                                         REAL-TIME 
PROFILE DATA
                                                                      BEHAVIORAL DATA




     Contextual marketing is about understanding not just who someone is but where they are,
     what they are doing, and what they are likely to do next. It’s about combining the right
     information about a customer and the context to deliver the right services and communication
     at the precise moment it offers the most value.
Scoring leads in order to find
                                       customers that are ready to buy



Image: Marketo – The definitive guide to lead scoring
CONTEXTUAL
                     MARKETING




How can we then benefit
  from social media?
Social models are emerging from
consumer services into the corporate world.
Yet B2B social media is seen either as
daunting, expensive, all-encompassing…
…or something relevant only for
companies catering to tech buyers.
However, even the B2B buyer is always 
  a person, never a corporation.
Did you know that 60% of the sales cycle is over
 before a buyer talks to your salesperson?
So you should really focus on 
  building a relationship
and creating value for your 
prospects and customers.
You might want to see it as 
having the mindset of a gardener.
You will need to invest in resources, 
content – and a suitable platform.
Also, don’t worry so much about 
not having complete control.
But be ready to react quickly.
Find out what 
                                          motivates your customer
Source: Liz Smyth: Marketo on Marketing – London, September 2012
Engaging visual content helps stand
                                out and encourages sharing
Image: Liz Smyth: Marketo on Marketing – London, September 2012
136,000
                                                                     views
                          3,000
                         tweets


                                             Are you still focusing on
                                                  whitepapers?
Images: Liz Smyth: Marketo on Marketing – London, September 2012
The fastest growing content format is
            infographics
MEASUREMENT




  Go boldly where no
marketer has gone before
B2B marketers are mainly measuring their
number of followers or content engagement
MEASUREMENT
       HOW MUCH
       REVENUE ARE
       OUR SOCIAL
       MEDIA
       ACTIVITIES
       GENERATING?
       
       WITH MARKETING
       AUTOMATION, MARKETERS
       CAN LOOK BEYOND
       TRADITIONAL METRICS
       (CLICKS, OPENS, ETC.) AND
       STARTING MEASURING
       (AND FORECASTING) WHAT
       EXECUTIVES REALLY CARE
       ABOUT: CURRENT AND
       FUTURE PIPELINE, REVENUE,
       AND PROFITS.

Image: Liz Smyth: Marketo on Marketing – London, September 2012
Test & Tune With Social Funnel Metrics




                                 Measuring success – ”The What”
Source: Liz Smyth: Marketo on Marketing – London, September 2012
Test & Tune With Social Funnel Metrics




                               Measuring success – ”The Where”




Source: Liz Smyth: Marketo on Marketing – London, September 2012
Test & Tune With Social Funnel Metrics




                                  Measuring success – ”The Who”

Source: Liz Smyth: Marketo on Marketing – London, September 2012
Test & Tune With Social Funnel Metrics




                                   Measuring success – ”The Beef”

Source: Marketo Revenue Cycle Analytics, 12 months ending 30 April 2012
Thank you!
       Mikko Eerola
      VP Sales / Avaus Consulting
+358 40 5899776 / mikko.eerola@avaus.fi
             @tulensrma
Social media in measurable B2B marketing

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Social media in measurable B2B marketing

  • 1. SOCIAL MEDIA IN MEASURABLE B2B MARKETING MIKKO EEROLA WWW.AVAUS.FI @TULENSRMA
  • 2. 2 We combine strategy, analytics and design with technology and outsourcing services. DRIVING BUSINESS Focus areas: •  Digital transformation •  Customer growth •  Digital sales and B2B Lead management •  Business model & service innovation •  Business process efficiency
  • 3. SOME GREAT COMPANIES WE WORK WITH: 92 SPECIALISTS OFFICES IN HELSINKI, FINLAND AND WROCLAW, POLAND REVENUE 10 MILLION € (est. 2012)
  • 4. CREATING A COMPETITIVE ADVANTAGE BASES FOR DIFFERENTIATION It’s difficult to differentiate based on price or product characteristics. It might work for a while, but usually competition UNIQUE catches up. PRODUCT However REALLY KNOWING YOUR CUSTOMERS and serving them based on their individual needs will set you apart. COST ADVANTAGE Traditional B2B selling is NO LONGER ENOUGH TO CREATE CUSTOMER CUSTOMER INTIMACY. INTIMACY
  • 5. THE CHALLENGE: IS NOT REALLY ME THIS IS WHAT YOU SEE, BUT IT A LOT OF THE CUSTOMER INFORMATION COMPANIES CURRENTLY USE ISN’T REALLY FOCUSED ON GETTING TO KNOW WHO THEY ARE AND WHAT THEY NEED. AND ABOVE ALL IT DOESN’T TELL MUCH ABOUT WHAT THE SITUATION – THE CONTEXT – OF THE CUSTOMER IS RIGHT NOW.
  • 6. THIS IS ME ü  Head of sales at midsize company ü  Member of executive team ü  Decision maker for sales and marketing related purchases ü  Influencer in IT investment decisions ü  Gadget freak ü  Cigar aficionado ü  Time strapped, convenience oriented ü  No children, has a cat ü  Houseowner ü  Lives outside city ü  Loves to travel ü  Fair price, not necessary cheapest ü  Prefers digital channels ü  Read your slideshare presentation, clicked on a link in newsletter, Twitter follower, FB fan ü  Only visits your website when prompted
  • 7. THE HEART OF Products/ CUSTOMER INTIMACY IS services in use RELEVANCE Customer lifecycle Purchase history IS HELP FROM THIS COMPANY RELEVANT IN THE NEAR FUTURE? Contact DAYS TO history MONTHS Web searches RELATIONSHIP IS THIS SOMETHING I NEED RIGHT NOW? CONTEXT REAL-TIME Visit to webpage Purchase IMMEDIATE CONTEXT Expressed PERSONAL needs Call to CC CONTEXT Area of Weather residence Location Preferences YEARS Lifestage IS THIS IMPORTANT Attitudes TO ME IN LIFE? Social connections
  • 8. understanding context + CUSTOMER REAL-TIME PROFILE DATA BEHAVIORAL DATA Contextual marketing is about understanding not just who someone is but where they are, what they are doing, and what they are likely to do next. It’s about combining the right information about a customer and the context to deliver the right services and communication at the precise moment it offers the most value.
  • 9. Scoring leads in order to find customers that are ready to buy Image: Marketo – The definitive guide to lead scoring
  • 10. CONTEXTUAL MARKETING How can we then benefit from social media?
  • 11. Social models are emerging from consumer services into the corporate world.
  • 12. Yet B2B social media is seen either as daunting, expensive, all-encompassing…
  • 13. …or something relevant only for companies catering to tech buyers.
  • 14. However, even the B2B buyer is always a person, never a corporation.
  • 15. Did you know that 60% of the sales cycle is over before a buyer talks to your salesperson?
  • 16. So you should really focus on building a relationship
  • 17. and creating value for your prospects and customers.
  • 18. You might want to see it as having the mindset of a gardener.
  • 19. You will need to invest in resources, content – and a suitable platform.
  • 20. Also, don’t worry so much about not having complete control.
  • 21. But be ready to react quickly.
  • 22. Find out what motivates your customer Source: Liz Smyth: Marketo on Marketing – London, September 2012
  • 23. Engaging visual content helps stand out and encourages sharing Image: Liz Smyth: Marketo on Marketing – London, September 2012
  • 24. 136,000 views 3,000 tweets Are you still focusing on whitepapers? Images: Liz Smyth: Marketo on Marketing – London, September 2012
  • 25. The fastest growing content format is infographics
  • 26. MEASUREMENT Go boldly where no marketer has gone before
  • 27. B2B marketers are mainly measuring their number of followers or content engagement
  • 28. MEASUREMENT HOW MUCH REVENUE ARE OUR SOCIAL MEDIA ACTIVITIES GENERATING? WITH MARKETING AUTOMATION, MARKETERS CAN LOOK BEYOND TRADITIONAL METRICS (CLICKS, OPENS, ETC.) AND STARTING MEASURING (AND FORECASTING) WHAT EXECUTIVES REALLY CARE ABOUT: CURRENT AND FUTURE PIPELINE, REVENUE, AND PROFITS. Image: Liz Smyth: Marketo on Marketing – London, September 2012
  • 29. Test & Tune With Social Funnel Metrics Measuring success – ”The What” Source: Liz Smyth: Marketo on Marketing – London, September 2012
  • 30. Test & Tune With Social Funnel Metrics Measuring success – ”The Where” Source: Liz Smyth: Marketo on Marketing – London, September 2012
  • 31. Test & Tune With Social Funnel Metrics Measuring success – ”The Who” Source: Liz Smyth: Marketo on Marketing – London, September 2012
  • 32. Test & Tune With Social Funnel Metrics Measuring success – ”The Beef” Source: Marketo Revenue Cycle Analytics, 12 months ending 30 April 2012
  • 33. Thank you! Mikko Eerola VP Sales / Avaus Consulting +358 40 5899776 / mikko.eerola@avaus.fi @tulensrma