Generating Lower Cost Leads With Social Media Kipp Bodnar  – Hubspot Christine Whittemore  – Simple Marketing Now MarketingProfs B2B Forum 2011 - Boston
Introductions  Kipp Bodnar Inbound Marketer, Hubspot Twitter:  @kbodnar32 eMail:  [email_address] Blog:  Blog.HubSpot.com Christine (CB) Whittemore Chief Simplifier, Simple Marketing Now Twitter:  @cbwhittemore eMail:  [email_address] Blog:  SimpleMarketingBlog.com
Lead Generation?
Image: Programming By  JPDaigle Jean -Philippe Daigle
Social Media?
Image: Take Time While Time Doth Last By  spratmackrel Paul  Walker
What is a Lead? Hubspot
Image Source: Cold Calling By  Jon  Curnow Jon  Curnow
Does This Sound Familiar? “…  My local reputation keeps my door swinging. I am totally clueless how to attract new biz and am afraid to spend money on traditional media b/c I cannot afford not to have an ROI.  Social media makes sense to me but I cannot find the time to do it well.” Anonymous
And This? “ Lead generation is difficult to track. Often customers don't remember how they originally came across your company and often [what they] cite is not correct.” Bill Buyok Owner, Avente Tile
How About This? “ The challenge, especially for smaller companies, is  measuring the results from social media activities.     For example, if an individual clicks through to our website from a tweet and buys something, that’s easy to measure.  But in most B2B situations, differentiation on features, complex sales cycles, multiple decision-makers, significant service component— means this typically doesn’t apply.    In B2B outreach, if John Doe is influenced to buy from us based on a blog post or a tweet—but completes the purchase through another unrelated channel—there’s no easy way to assign the value of that sale to our social media outreach.”  Valerie Fritz VP Marketing RTLS Division TeleTracking
 
How Do You Generate Leads? Most Effective
Social Media For Lead Generation Most Effective
 
The 5 Steps of Social Media Lead Generation Step 1: Get The Basics Right Step 2: Maximize Content Discovery Step 3: Create Conversion Ubiquity Step 4: Test and Fail Fast Step 5: Optimize For Maximum Lead Flow
Case Study
Content Marketing Institute
 
CMI’s Goal Get  an email address  to start the relationship! Image source:  http:// www.salesdnaltd.com /blog/sales-prospecting-by-email/
A CMI Case Study
A CMI Offer
CMI Landing Page
CMI’s Lead Generation Flow Become  Readers  of CMI content  At least 6 months Subscribe to other content products 3 or more  Easy conversion Contact form, email, Twitter
Calls To Action
From CMI Recent Post
Maximize Reach, Discovery Twitter Facebook LinkedIn Contact Us Email
Daily
Weekly Email
CMI Results Traffic: 40,000+ visits/month Leads: 30 to 50 signups per day Revenue:  2011: up 300%+
CMI’s Advice For Generating Leads “ Find a niche where you can be the leading expert in the world, and then think of yourself like the trade magazine for that niche and “cover” the market.” Pam Kozelka Content Marketing Institute
Social Media Advertising Advice LinkedIn & Facebook ads: Strong calls to action  Personalize AMAP:  by region or job title specifically   Keep it fresh, simple, social
Case Study
 
Lead Generation Flow Daily blog content Pushed out through social media Higher value content How-to articles Case studies  behind lead-generation forms Confirmation email Lead nurturing email series Paid sources    5 part email series Don’t annoy!
 
Content Reach & Discovery
Free Whitepapers
Measure, Adjust, Prioritize Leads flow automatically into CRM Number of leads captured Ratio of leads to sales Average value of sales Average return-on-investment Source: MarketingSherpa - Content Marketing: Inbound strategy pulls in 25% more revenue, 70% more leads
Results Since Early 2010 Higher quality leads vs. paid sources Increased sales 25-40% increase in revenue per quarter ~ 2x average annual revenue per account 70% increase in inbound leads 20% increase in website traffic Source: MarketingSherpa - Content Marketing: Inbound strategy pulls in 25% more revenue, 70% more leads
How To Implement…  5 Steps of Social Media Lead Generation
 
The Magalog Guy
 
People Learn in Different Ways Variety of content formats available Magalog Blog Sample Magalogs Book download Podcasts Free resources Content confirms expertise Blog builds traffic
Two Extreme Lead Paths Immediate need Referral or WOM Longer term Build trust Express personality Critical to have good fit with lead Phone consultation
 
Calls To Action Blog or podcast subscription Free marketing resources Free 130 page book:  lead gen form Free phone consultation
Social Media To show personality Blog & podcasts Facebook LinkedIn Q&A - RSS feed Twitter  Promote articles Benefit from search Monitor keywords
Magalog Guy’s Advice: “ The tempting siren song with social media is that you can reach everyone. But we know "everyone" should never be your target market. You need to   be clear about your ideal prospects ,   then keep pushing out a message that resonates with them with the intent on having a two-way conversation.   Non-business people on social media find each other when they're interested in a similar topic… Yet in business, we sometimes fail to carry that over into our connections with prospects. It becomes a one-way conversation instead of the   natural progression   of friends who came together over a similar interest and then build on that interest over time...”
 
Avente Tile Online tile retailer B2B, B2C Social tools Be human Build trust Add context to products
Avente Tile’s Offers Subscribe to eNewsletter Subscribe to Blog Call or Contact
 
Lead Generation Process Targeted keyword-specific blog content Promoted via social media Twitter Facebook Contact Lead form Email  Phone call Twitter DM
Twitter Chats  to Connect with Designers Search Terms    B2B Leads    Guest posts
 
Referrals To Website Avente Tile Talk Blog:  32% visits, 10.89 pages/visit, 36.43% bounce Because of the Blog: This Old House:  7% visits, 15.31 pages/visit, 30.71% bounce Houzz.com:  4% visits, 20.05 pages/visit, 26.21% bounce Hootsuite:  3% visits, 11.49 pages/visit, 23.21% bounce KitchenAndResidentialDesign.com :  1% visits, 19.36 pages/visit, 18.18% bounce
Detailing Website Events
Detailing Blog Events
Blog Social Sources 35% referrals from Google Images Check your <alt> tags!
 
CompuKol
Calls To Action
Primary Source of Leads:
Lead Generation Process Read & subscribe to blog content After 3-6 months “ Let’s Have Coffee ” Contact Form Monthly newsletter  Keep readers in the loop Use open source CRM to track, follow up
Syndicate Content Socially Facebook Twitter Best:  LinkedIn Groups
 
Awarepoint Healthcare IT company  Enterprise awareness solutions for hospitals Long lead times Complex sale Launched  Awarepoint Blog  February 2010 Establish thought-leadership Broaden awareness
Awarepoint Lead Generation In-person sales team Demonstrations Trade shows Traditional marketing tools White papers Case studies Brochures Presentations at conferences Repurpose Place into greater  healthcare context Promote via  Social channels
Calls To Action Free case studies Learn more: blog posts Subscribe to blog Demonstration Lead form Impact Analysis Meeting Lead form
 
 
Results: Influence the Influencers Raise awareness Beyond healthcare IT stakeholders Part of solution for better healthcare Participate in greater industry discussions Lean healthcare Prevent MRCA New source of traffic 9k visits, 56% new, 1/3 from search
Social Sources of Blog Traffic Facebook 12% visits, 1.56 pages/visit, 76.19% bounce LinkedIn 7% visits, 1.66 pages/visit, 72.04% bounce Twitter 3% visits, 1.62 pages/visit, 65.38% bounce 2/27/10-2/27/11
Social Visibility  RightHealth.com 1.29 pages/visit, 71.43% bounce rate TheRTLSBlog.com 1.54 pages/visit, 53.85% bounce RFIDSolutionsOnline.com 1.88 pages/visit, 62.50% bounce FierceHealthcare.com 1.33 pages/visit, 33.33% bounce
The Healthcare Community As of 3/10/11 The competition!
 
 
Tools You Need! A blog for great content – “ Think like a publisher” Social networks to share content  Analytics to monitor performance Goals, custom URLs Alerts to monitor conversations Landing Pages to capture lead information CRM to track leads SalesForce.com, SugarCRM Email for lead nurturing Emma, ChimpMail, …
Tools To Track Results
What Makes  Calls To Action  Effective? Meaningful to prospects Top of Funnel Middle of Funnel Bottom of Funnel Image source:  http://matthewneer.com/how-to/marketingfunnels /
http://www.contentmarketinginstitute.com/2011/05/3-keys-to-creating-social-media-content-that-converts/
What About  Testing ?
Resources  Mashable:  HOW TO: Use Social Media for Lead Generation Social Media Examiner:  Startup Company Eliminates the Cold Call with Twitter Kipp Bodnar:  7 Steps to Building A B2B Social Media Lead Generation Pipeline Slideshare/Hubspot:  How to Use Social Media for Lead Generation
 
Contact Us!  Kipp Bodnar Inbound Marketer, Hubspot Twitter:  @kbodnar32 eMail:  [email_address] Blog:  Blog.HubSpot.com Christine (CB) Whittemore Chief Simplifier, Simple Marketing Now Twitter:  @cbwhittemore eMail:  [email_address] Blog:  SimpleMarketingBlog.com

Social Media Lead Generation

  • 1.
    Generating Lower CostLeads With Social Media Kipp Bodnar – Hubspot Christine Whittemore – Simple Marketing Now MarketingProfs B2B Forum 2011 - Boston
  • 2.
    Introductions KippBodnar Inbound Marketer, Hubspot Twitter: @kbodnar32 eMail: [email_address] Blog: Blog.HubSpot.com Christine (CB) Whittemore Chief Simplifier, Simple Marketing Now Twitter: @cbwhittemore eMail: [email_address] Blog: SimpleMarketingBlog.com
  • 3.
  • 4.
    Image: Programming By JPDaigle Jean -Philippe Daigle
  • 5.
  • 6.
    Image: Take TimeWhile Time Doth Last By  spratmackrel Paul Walker
  • 7.
    What is aLead? Hubspot
  • 8.
    Image Source: ColdCalling By  Jon Curnow Jon Curnow
  • 9.
    Does This SoundFamiliar? “… My local reputation keeps my door swinging. I am totally clueless how to attract new biz and am afraid to spend money on traditional media b/c I cannot afford not to have an ROI. Social media makes sense to me but I cannot find the time to do it well.” Anonymous
  • 10.
    And This? “Lead generation is difficult to track. Often customers don't remember how they originally came across your company and often [what they] cite is not correct.” Bill Buyok Owner, Avente Tile
  • 11.
    How About This?“ The challenge, especially for smaller companies, is measuring the results from social media activities.     For example, if an individual clicks through to our website from a tweet and buys something, that’s easy to measure.  But in most B2B situations, differentiation on features, complex sales cycles, multiple decision-makers, significant service component— means this typically doesn’t apply.    In B2B outreach, if John Doe is influenced to buy from us based on a blog post or a tweet—but completes the purchase through another unrelated channel—there’s no easy way to assign the value of that sale to our social media outreach.”  Valerie Fritz VP Marketing RTLS Division TeleTracking
  • 12.
  • 13.
    How Do YouGenerate Leads? Most Effective
  • 14.
    Social Media ForLead Generation Most Effective
  • 15.
  • 16.
    The 5 Stepsof Social Media Lead Generation Step 1: Get The Basics Right Step 2: Maximize Content Discovery Step 3: Create Conversion Ubiquity Step 4: Test and Fail Fast Step 5: Optimize For Maximum Lead Flow
  • 17.
  • 18.
  • 19.
  • 20.
    CMI’s Goal Get an email address to start the relationship! Image source: http:// www.salesdnaltd.com /blog/sales-prospecting-by-email/
  • 21.
  • 22.
  • 23.
  • 24.
    CMI’s Lead GenerationFlow Become Readers of CMI content At least 6 months Subscribe to other content products 3 or more Easy conversion Contact form, email, Twitter
  • 25.
  • 26.
  • 27.
    Maximize Reach, DiscoveryTwitter Facebook LinkedIn Contact Us Email
  • 28.
  • 29.
  • 30.
    CMI Results Traffic:40,000+ visits/month Leads: 30 to 50 signups per day Revenue: 2011: up 300%+
  • 31.
    CMI’s Advice ForGenerating Leads “ Find a niche where you can be the leading expert in the world, and then think of yourself like the trade magazine for that niche and “cover” the market.” Pam Kozelka Content Marketing Institute
  • 32.
    Social Media AdvertisingAdvice LinkedIn & Facebook ads: Strong calls to action Personalize AMAP: by region or job title specifically  Keep it fresh, simple, social
  • 33.
  • 34.
  • 35.
    Lead Generation FlowDaily blog content Pushed out through social media Higher value content How-to articles Case studies behind lead-generation forms Confirmation email Lead nurturing email series Paid sources  5 part email series Don’t annoy!
  • 36.
  • 37.
    Content Reach &Discovery
  • 38.
  • 39.
    Measure, Adjust, PrioritizeLeads flow automatically into CRM Number of leads captured Ratio of leads to sales Average value of sales Average return-on-investment Source: MarketingSherpa - Content Marketing: Inbound strategy pulls in 25% more revenue, 70% more leads
  • 40.
    Results Since Early2010 Higher quality leads vs. paid sources Increased sales 25-40% increase in revenue per quarter ~ 2x average annual revenue per account 70% increase in inbound leads 20% increase in website traffic Source: MarketingSherpa - Content Marketing: Inbound strategy pulls in 25% more revenue, 70% more leads
  • 41.
    How To Implement… 5 Steps of Social Media Lead Generation
  • 42.
  • 43.
  • 44.
  • 45.
    People Learn inDifferent Ways Variety of content formats available Magalog Blog Sample Magalogs Book download Podcasts Free resources Content confirms expertise Blog builds traffic
  • 46.
    Two Extreme LeadPaths Immediate need Referral or WOM Longer term Build trust Express personality Critical to have good fit with lead Phone consultation
  • 47.
  • 48.
    Calls To ActionBlog or podcast subscription Free marketing resources Free 130 page book: lead gen form Free phone consultation
  • 49.
    Social Media Toshow personality Blog & podcasts Facebook LinkedIn Q&A - RSS feed Twitter Promote articles Benefit from search Monitor keywords
  • 50.
    Magalog Guy’s Advice:“ The tempting siren song with social media is that you can reach everyone. But we know &quot;everyone&quot; should never be your target market. You need to be clear about your ideal prospects , then keep pushing out a message that resonates with them with the intent on having a two-way conversation. Non-business people on social media find each other when they're interested in a similar topic… Yet in business, we sometimes fail to carry that over into our connections with prospects. It becomes a one-way conversation instead of the natural progression of friends who came together over a similar interest and then build on that interest over time...”
  • 51.
  • 52.
    Avente Tile Onlinetile retailer B2B, B2C Social tools Be human Build trust Add context to products
  • 53.
    Avente Tile’s OffersSubscribe to eNewsletter Subscribe to Blog Call or Contact
  • 54.
  • 55.
    Lead Generation ProcessTargeted keyword-specific blog content Promoted via social media Twitter Facebook Contact Lead form Email Phone call Twitter DM
  • 56.
    Twitter Chats to Connect with Designers Search Terms  B2B Leads  Guest posts
  • 57.
  • 58.
    Referrals To WebsiteAvente Tile Talk Blog: 32% visits, 10.89 pages/visit, 36.43% bounce Because of the Blog: This Old House: 7% visits, 15.31 pages/visit, 30.71% bounce Houzz.com: 4% visits, 20.05 pages/visit, 26.21% bounce Hootsuite: 3% visits, 11.49 pages/visit, 23.21% bounce KitchenAndResidentialDesign.com : 1% visits, 19.36 pages/visit, 18.18% bounce
  • 59.
  • 60.
  • 61.
    Blog Social Sources35% referrals from Google Images Check your <alt> tags!
  • 62.
  • 63.
  • 64.
  • 65.
  • 66.
    Lead Generation ProcessRead & subscribe to blog content After 3-6 months “ Let’s Have Coffee ” Contact Form Monthly newsletter Keep readers in the loop Use open source CRM to track, follow up
  • 67.
    Syndicate Content SociallyFacebook Twitter Best: LinkedIn Groups
  • 68.
  • 69.
    Awarepoint Healthcare ITcompany Enterprise awareness solutions for hospitals Long lead times Complex sale Launched Awarepoint Blog February 2010 Establish thought-leadership Broaden awareness
  • 70.
    Awarepoint Lead GenerationIn-person sales team Demonstrations Trade shows Traditional marketing tools White papers Case studies Brochures Presentations at conferences Repurpose Place into greater healthcare context Promote via Social channels
  • 71.
    Calls To ActionFree case studies Learn more: blog posts Subscribe to blog Demonstration Lead form Impact Analysis Meeting Lead form
  • 72.
  • 73.
  • 74.
    Results: Influence theInfluencers Raise awareness Beyond healthcare IT stakeholders Part of solution for better healthcare Participate in greater industry discussions Lean healthcare Prevent MRCA New source of traffic 9k visits, 56% new, 1/3 from search
  • 75.
    Social Sources ofBlog Traffic Facebook 12% visits, 1.56 pages/visit, 76.19% bounce LinkedIn 7% visits, 1.66 pages/visit, 72.04% bounce Twitter 3% visits, 1.62 pages/visit, 65.38% bounce 2/27/10-2/27/11
  • 76.
    Social Visibility RightHealth.com 1.29 pages/visit, 71.43% bounce rate TheRTLSBlog.com 1.54 pages/visit, 53.85% bounce RFIDSolutionsOnline.com 1.88 pages/visit, 62.50% bounce FierceHealthcare.com 1.33 pages/visit, 33.33% bounce
  • 77.
    The Healthcare CommunityAs of 3/10/11 The competition!
  • 78.
  • 79.
  • 80.
    Tools You Need!A blog for great content – “ Think like a publisher” Social networks to share content Analytics to monitor performance Goals, custom URLs Alerts to monitor conversations Landing Pages to capture lead information CRM to track leads SalesForce.com, SugarCRM Email for lead nurturing Emma, ChimpMail, …
  • 81.
  • 82.
    What Makes Calls To Action Effective? Meaningful to prospects Top of Funnel Middle of Funnel Bottom of Funnel Image source: http://matthewneer.com/how-to/marketingfunnels /
  • 83.
  • 84.
    What About Testing ?
  • 85.
    Resources Mashable: HOW TO: Use Social Media for Lead Generation Social Media Examiner: Startup Company Eliminates the Cold Call with Twitter Kipp Bodnar: 7 Steps to Building A B2B Social Media Lead Generation Pipeline Slideshare/Hubspot: How to Use Social Media for Lead Generation
  • 86.
  • 87.
    Contact Us! Kipp Bodnar Inbound Marketer, Hubspot Twitter: @kbodnar32 eMail: [email_address] Blog: Blog.HubSpot.com Christine (CB) Whittemore Chief Simplifier, Simple Marketing Now Twitter: @cbwhittemore eMail: [email_address] Blog: SimpleMarketingBlog.com

Editor's Notes

  • #57 Twitter: b2b connections, chats, keywords FB: existing customers