Social Media B2 B

SOCIAL MEDIA FOR B2B MARKETING
ASUTHOSH NAIR & JASPREET SIDHU

TABLE OF CONTENTS
I. WHY SOCIAL MEDIA MATTERS IN B2B MARKETING 3
II. HOW CAN YOU START? BASIC RULES OF ENGAGEMENT 8
I. PLAN YOUR STRATEGY 8
II. DO YOUR RESEARCH 9
III. SET YOUR GUIDELINES 11
IV. GET CRACKING 13
III. HOW ARE OTHERS DOING IT 15
I. PRODUCT LAUNCH 16
II. LEAD/DEMAND GENERATION & CUSTOMER RETENTION 17 www.b2bento.com
III. BRAND BUILDING & MANAGEMENT 18
IV. MONITOR AND MEASURE RESULTS 19
V. NOT THE FINAL WORD 23

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Social Media for B2B Marketing

WHY SOCIAL MEDIA MATTERS IN B2B MARKETING
Business-to-business (B2B) marketing is undergoing a sea change.
Traditional marketing channels like television, the print media, and outdoor
advertising no longer deliver the return on investment they once promised -
for a simple reason: your customers are spending less than 25% of their time
paying attention to these channels. Wondering where all the action is taking
place then?

Here's a clue:†1
- More than 133 million blogs indexed since 2002
- More than 10 million users create 1,500 new "tweets"
every second
- Facebook user growth for the 35-plus demographic has
grown to 12 million users in the first quarter of 2009
Welcome to the world of Social Media. Where conversations, interactions and
consumer-generated content get mashed up into a heady mix that's
potentially marketing elixir. Remember the days when we heard of new
brands and products through either word-of-mouth, press reviews or
advertising? Now, take all these, add loads of opportunities for strong
customer relationships, and what you have is social media. In fact, over 90%
of B2B buyers are already using Social Media tools, often to research and
execute purchases.†2

†1
Source: "A2/M2 Three Screen Report," Nielsen/NetRatings. Q1 2009.
†2
Source: Forrester Research. Feb 2009.
Social Media for B2B Marketing  3 / 24 

Social media defies organizational boundaries. And social media is not something
you would want your "agency" alone to run, like traditional marketing campaigns.
No longer are you bound to "media buys" and agency dictates. You are now
engaging directly with your customer. And far from shying away from or fearing it,
you can now leverage it to its maximum potential by understanding what your
customers are saying, why they are saying it and how their dialogue could impact
your business. Listen to, learn from, measure and engage in their conversations.
Grasp their context and mindset, relevance and sentiment, and you will be able to
gauge your customer's passion in a new and multi-dimensional way.

If that alone doesn't enthuse you enough to buy in to using social media, there are
some very pertinent reasons why social media can play a very major role for B2B
marketing in particular.†1

B2B relationships and transactions are typically high-touch and are mainly established
1. through direct interfacing with customers and relationship building. With social media, you
can interact with prospects and customers using an array of touch points. The two-way,
typically synchronous real-time nature of these tools lend a highly personal dimension to the
relationship. And, unlike traditional B2C marketing channels (ads, campaigns, etc.), social
media allows more people in your organisation to engage and build relationships with
customers and prospects, thereby multiplying the high touch effect.

†1
Source: "Building the B2B Business Case for Social Media" by Christina Kerley. http://bit.ly/2qr76x


The B2B market is far smaller than the B2C market. This fact alone impels expanding your
2. reach to identify new leads. Social media is well-placed to do just that. Just monitoring online
conversations alone can help you glean changing trends and needs and pick out emerging
opportunities a mile way before your competitors do. This could then fuel new offerings and
new revenue channels. With the expanded reach you also get to identify companies with
which to establish-revenue generating partnerships.

The remarkable thing about the B2B arena is how people in it actively network online to
3. share knowledge and build their network of industry contacts. Using social media, they can
now build professional communities online to share insights and solve problems, and
leverage upon these interactions to build brand, reputation and prospects.

B2B buyers rely heavily on third-party feedback in making purchase decisions. They would
4. also like to be part of the product or solution development process. They are also likely to
trust the opinions of colleagues using the products far more than that of the company selling
those very products. Social media channels are great avenues for providing objective, third-
party experiences and feedback, reduces buyer-side risk for big-ticket B2B purchases.


Social media engagements are a good platform to consistently
5. demonstrate thought leadership. Thought leadership is fast
emerging as a must-have in B2B marketing to have real impact,
lead and stand out. It helps strengthen your market positioning,
enhance your perceived value to clients, build trust and loyalty,
and generate more business overall.†1
Thought leaders can also expect greater recognition, demand and
reach in the market.†2 And what exactly is thought leadership?
When you help people frame the way they think about key issues
or guide them to smarter decisions, by presenting insightful,
compelling and often provocative perspectives, that's when you
are likely to be acknowledged as a thought leader - the "go to"
business (or person) for a particular interest area.

Social media is cost-effective. Some would say, the most cost-effective ever.
6. That is not to say it's free. It does require investment of budget, professional
resources, and most crucially, time. But all these combined is nowhere close
to the cost associated with other media. In tight economic times like these,
it's social media that can be utilized most effectively to gain competitive
advantage. And as the cost of sales acquired through social media is
significantly lower, ROI and profit margins can increase.

†1
Source: Britton Manasco. (2009, December 21). Want to Build Trust? Want to be a Market Leader? Be a Thought Leader. http://bit.ly/68wFCG
†2
Source: Mike Schultz and John Doerr.Professional Services Marketing. 1999. Wiley.

B2B offerings tend to be complex and B2B purchase decisions are not by any stretch impulse-
7. driven or low-risk. Sales cycles are long and buyers will spend a lot of time on upfront research.
So why not be a part of that process? Social media offers unprecedented and abundant avenues
for knowledge sharing that can help educate prospects and facilitate faster sales cycles. You
get to communicate information and answer buyer questions about your offerings more
quickly. By providing this almost real-time, two-way communications, you not only inform, but
also build trust and credibility that can work to increase sales in shorter periods.

Furthermore, in lessening the confusion around your offerings, the information exchanged
and relationships built through these conversational media can help position you as a trusted
advisor and decrease the concerns associated with high learning curves. In turn, these could
help increase purchase rates of your products, services and offerings.

Using social media for B2B marketing is not without its rewards. Socially
engaged companies are in fact more financially successful, according to one
study.†1 And engagement refers to going beyond mere presence. It involves
interacting with others, setting off discussions, and responding in a timely
manner during conversations. This can be a challenging transition for
traditional marketers used to having control over their channels.

†1
Source: "Ranking the Top 100 Global Brands" www.engagementdb.com. July 2009

At the same time you would not want multiple interactions from people in your company
responding randomly without coordination. Keep in mind too the need for transparency in all
outreach activities. Lack of genuineness is a sure-fire way to slide down the social media ladder.

With these considerations in mind, let us take a look at how you can kickstart social media
marketing in your own company.

HOW CAN YOU START? BASIC RULES OF ENGAGEMENT
PLAN YOUR STRATEGY
The first thing an organization needs to do to kickstart their social media
marketing campaign is to draw up a social media strategy. The social
media strategy is an extension of the overall marketing strategy. It needs
to be commensurate with the business and the market you are targeting.
This keeps your brand identity unified across the board. The question is
not how to make money from it, but rather, how you can use the various
social media channels to facilitate prospecting; and how you can cultivate
relationships and integrate ways of communicating and selling to buyers.
To begin you may want to choose to focus on a few of your overall
marketing goals e.g. lead generation, customer retention, establishing
yourself as the experts, or increasing your brand awareness and equity.
Depending on your goals you may choose different social media
platforms to best suit your purposes.


“
Another key point would be to communicate this strategy to your entire
38% of all media on the internet
organization and involve everyone. Get everyone onboard and actively
participating in blogging, tweeting or interacting with your consumers on is consumed on social platforms
forums. Put together a roster to schedule participation or set a weekly/ so we as B2B marketers need to
monthly minimum contribution from each person. This enables your
be there.
organization to be 'heard and seen' from all the perspectives.
Patrick Krane
VP of Marketing & Advertising, LinkedIn

DO YOUR RESEARCH
Once you have your social media strategy in place you will need to invest
some time on research to find out where your audience spends most of its
time. From LinkedIn, Twitter, blogs, forums, to YouTube and Facebook there
is an increase in users across all age demographics. The Forrester report on
Facebook demographics reports the increase in the over 35 age demographic
and predicts that 75% of its worldwide users will be out of college.

When you have identified the platforms where your audience spends most of
its time its important to begin listening to your customers and find out what
kinds of conversations they are having about your brand. Some social media
tools you can use to help you do this would be Monitter, Social Mention,
Google Alerts, Alltop etc. Many of these services are provided free and let you
listen in on the conversation about your brand by using their sites to search www.socialmention.com
using your brand name or a contextual theme. Real-time social media search and analysis


From analyzing these conversations you will be able to identify and learn
what your brand perception is as well as that of your competitors, what drives
your brand and identify white space which possibly will provide opportunities
for you to improve and grow your brand perception. Listening to your
customers and being critical in your analysis of their conversations gives your
organization an immediate advantage as you can leverage on the positives in
these communications and work on what your consumers perceive to be the
negatives of the brand. Researching into your brand conversations will also
help you to identify your evangelists and detractors and see how influential
they are based on their reader base.

Primary Objective for Social Media Use in B2B †1
BtoBonline reports that B2B marketers are making their presence felt on 5%
social media platforms such as LinkedIn, Twitter, Facebook and Youtube.
Each of these platforms has specific advantages over the others and you may 9%
want to use a combination of these for your social media campaign. Twitter
provides you with an avenue to engage and interact with your consumers,
both starting and joining conversations, by routinely providing information,
54%
updates and even discounts to the follower base. BtoBonline further reports 32%
that the use of viral video, through sites such as YouTube, is being primarily
used for customer/demand generation (58%) and the building and
management of the brand (35%). The primary objectives for blogs on the
other hand are customer retention (33%) followed closely by brand building/
Brand Building / Brand Management
management (29%) and customer demand/generation (25%).
Demand Generation
Customer Loyalty / Retention
†1
Source: BtoB and the Association of National Advertisers (June 2009) Cross-Selling / Up-Selling


SET YOUR GUIDELINES
As a good social media campaign involves all parts of your organization, from sales
to PR to technical support, its unrealistic to assume that everyone will know just
how to dive in and start working on making your brand social. It is helpful and
indeed important to set some basic rules for your staff to follow when blogging,
tweeting or responding to comments on forums. The guidelines should cover how
the post/tweet/response should be written. It is important to keep in mind that the
one of the key objectives of any social media campaign should be to add value for
your consumers through the information you distribute. The use of social media is
not to preach to or only advertise to your audience but to engage and participate
with them in conversations. When responding your staff should speak in the first
person, be mindful of the tone of what they are posting, and have care to exercise
their best judgement when responding to negative comments.

Some guidelines used by companies already using social media are

- Don't pick fights, be the first to correct your own mistakes, and don't alter
previous posts without indicating that you have done so.
- IBM's brand is best represented by its people and what you publish may
reflect on IBM's brand.


- With conversations, participate online. Don’t “broadcast” messages to users.
- With moderation, only police where we have to. Trust our users where we don’t.

- Be external. You don’t have to be 100% internally focused. Link to other
blogs, videos, and news articles. Retweet what others have to say
- Post frequently. It’s a lot of work but don’t post to your blog then leave it for
two weeks. Readers won’t have a reason to follow you on Twitter or check
your blog if they can’t expect new content regularly. Social networks/media use among B2B

LinkedIn 81%

Twitter 70%
- Separate opinions from facts, and make sure your audience can see the
difference.
YouTube 49%
- Be engaged and be informed. Read the contributions of others. Know what
the current conversations are and what people are saying in order to see if,
Facebook 60%
and how, you may be able to contribute a new perspective. Participation is
the fuel of social computing.
Source: BtoB and the Association
of National Advertisers (June 2009)


- Always pause and think before posting. That said, reply to comments in a
timely manner, when a response is appropriate. But if it gives you pause,
pause. If you're about to publish something that makes you even the
slightest bit uncomfortable, don't shrug it off and hit 'send.' Take a minute
to review these guidelines and try to figure out what's bothering you, then
fix it. If you're still unsure, you might want to discuss it with your manager
or legal representative. Ultimately, what you publish is yours - as is the
responsibility. So be sure.
- Perception is reality. In online social networks, the lines between public and
private, personal and professional are blurred. Just by identifying yourself
“ B2B buyers have very
high social participation

91%
as an Intel employee, you are creating perceptions about your expertise and
about Intel by our shareholders, customers, and the general public-and
perceptions about you by your colleagues and managers. Do us all proud. Be
of these technology
decision-makers were Spectators.
sure that all content associated with you is consistent with your work and
with Intel's values and professional standards

GET CRACKING 55% of these decision-
makers were in social networks.
You have a strategy, you know from your research where and in which

58%
direction to focus and have some basic guidelines for everyone to follow. The
only thing left is to implement your action plan.
are Critics, reacting to
content they see in social formats.


Its not enough for an organization to just make itself visible on a social media
platform. You have to create value through the content you make available for your
readers and consumers and you have to be regular and consistent with your
content creation and distribution. Offer insight into your expertise through well-
written and meaningful articles on your corporate blog. Establish your position as
thought leaders and the proven experts as it increases customer confidence. Any
organization that embarks on a social media campaign needs to actively participate
in conversations relevant to the brand and its goals.

The organizations that succeed using social media are transparent and
genuine with their reader base.
One way to do this would be to start your own community through blogs and
forums. Its important to remember that the organizations that succeed using social
media are transparent and genuine with their reader base. They offer information
that has value for their consumers and welcome the participation of these
consumers on how to better improve the products and services offered as
compared to the brands competitors. Cultivating your own community is also a
great asset as these online conversations can be used as focus groups for new
offerings as well as enhancements on the brands current products and/or services.

When publishing and creating your brand content its useful to create and maintain
the social identity of the brand as a stand-alone. This is easy enough with a blog or
forum where the branding remains that of your organization but with multiple
contributors.


For those brands that want to leverage on Twitter you can use applications
like Co-Tweet or HootSuite to manage your organizations Twitter account
and allow multiple contributors. Brands that have video content can use
applications like TubeMogul to push their video content to multiple user
generated content (UGC) sites such as YouTube amongst others to track views
and other consumer engagement metrics.

HOW ARE OTHERS DOING IT
Every organization which has successfully launched a social media campaign has used a
combination of social media platforms to achieve their objectives. This is due to the fact that
every organization has multiple marketing goals in varying degrees of importance. It is also due
to social media platforms differing in their functions as content and conversation platforms
which serve their purposes as stand-alones but are most effective when used in combination.


PRODUCT LAUNCH
HP devised a creative strategy when launching their Z-series workstations which
were to directly compete with Apple who were the dominant players in that arena.
HP's social media strategy was to identify the biggest influencers within agencies
who were heavily interactive and participative in online technology and hardware
conversations. HP also created a character, the superhero Mr Z, to anchor this
campaign. HP loaned the 12 selected influencers a Z-series workstation and got
them to use and talk about their experience of using the product in creative ways.
These 12 individuals were asked to make short animation clips which were posted
to YouTube. Blogs on the z-series experiment were created both on the agency
websites and independent blogs. The winners had their clips on the Mr Z website
and HP continued the conversations on this product via Facebook and Twitter.

†1
Source: HP uses social media to out do competition From www.b2bm.biz

LEAD/DEMAND GENERATION & CUSTOMER RETENTION
AMEX's strategy was to drive their pull marketing by "having something
differentiated to say, get influencers to say it, and use social media to allow it
to scale". AMEX embarked on this campaign after their research identified
that the use of social media was increasing amongst the older and more
mature small business owners in the running and promoting of their
businesses. The site "Open Forum" is divided in two sections; the idea hub
and the connectodex. The idea hub is a space for business owners to blog
about the topics they are passionate about without first investing the time and
resources to develop their own corporate blog. These posts and the resultant
conversations in the community give AMEX a first hand sneak peek into what
their consumers are looking for. It also provides AMEX an opportunity to
drive conversions to their additional products and services from their
participation and conversations with the consumers via the forum.

Just having a space to blog would not necessarily drive traffic to that site and
thats where the second part of the forum comes in. The connectodex is a
community of business owners who have been approved for an AMEX
business card. AMEX validates these businesses through their open
endorsement of them as credit worthy organizations and gives businesses a
forum and community within which to connect to one another to grow their
business networks and opportunities.

†1
Source: AMEX Social Media Forum from socialmediab2b.com by Jeffrey Cohen

BRAND BUILDING & MANAGEMENT
IBM started their social media experiment in 2006 with videos on YouTube.
They started with their mainframe program and had sufficiently creative and
compelling stories to which got them success which they also built on to tell
more stories. They exercised some creative license in their story telling with
dashes of humour while keeping in mind the need to engage their audience
and spread their brand message. IBM wanted to communicate the
mainframe's new value proposition and reach a younger college age audience.
By using YouTube they managed to easily embed their videos on the IBM blog
and greatly increased their blog traffic. The increase in eyeballs benefitted the
company as a whole as it brought a larger audience to the IBM blog and gave
them exposure to other products, articles and expertise.

Cisco Systems put an innovative twist to marketing their ASR9000 servers by
using the concept of Retro Valentines in which the ASR9000 server features
as the perfect romantic gift every woman cannot live without. These are just
some of the many examples of how social media can be used to virally
promote a well thought and executed marketing campaign by organizations
and how it is not in any way restricted to consumer products.


MONITOR AND MEASURE RESULTS
Monitoring (or listening) means to find out what is being said about your company,
where, and by whom. You need to know who is driving conversation share, what
are the top issues that matter, where your customers live online, how you can add
value to your customers, when you should engage the community, and why
customers are passionate about certain topics. Some tools that can help with this
are:

- Social Mention: a social media search and analysis platform that aggregates
user generated content from across the universe into a single stream of
information.
- Google Alerts: free tool to monitor millions of blogs and new sites using target
keywords; receive streaming or batch reports.
- Radian6: a robust social media monitoring tool with configurable dashboards,
broad and narrow topic definitions, and features such as custom alerts and
engagement workflow management. Licensing fees apply.
- TweetDeck: a free desktop app that combines Twitter and Facebook monitoring
with search for a multi-dimensional social application that also allows for
publishing.
- Viralheat: a social media monitoring tool tracks hundreds of video sharing sites,
twitter, blogs, social networks, groups and forums in real-time. Viralheat now
offers the capability to restrict your profiles by location. A great way to power
regional marketing and monitoring campaigns!

†2
Source: Forrester Research. Feb 2009.

Now that you are monitoring and responding, you are likely to hit the perennial
bugbear of any marketing initiative: measuring ROI. Tracking the ROI on social
media tools is indeed quite tricky. How do you measure the profit you make on
something so fuzzy? This is where most B2B social media marketing initiatives run
antithetical to conventional ROI goals that focus on numbers. For B2B, less is
usually more. You don't want gazillion fans, subscribers and followers, when your
target market is usually far less. Bear in mind that social media is an opportunity to
scale relationships, involve in direct customer engagement, get real-time survey
data, and experiment with ideas. It is not an extension of traditional marketing
(television ads, media buys, etc.) where you are looking for individual engagement
numbers, eyeballs, immediate sales and sign ups. On it's surface social media may
appear to be a marketing and sales driver. Scratch a little under it and you will
realize it's a customer engagement model encompassing product feedback
gathering mechanisms, integrated support models, product launches, procurement
planning, among others.†1 Lionel Menchaca, Digital Media Manager for Dell,
recently said about their social community development initiatives, "I frankly don't
care that we've done $3 million in revenue through Twitter - but I do care that (we
are) out there answering questions and engaging with customers."

Quite simply therefore, there is no "standardised" model (yet) to measure ROI in
social media. Every company is different - has different goals, different customers,
different cultures, different budgets and tools and channels. The key then is to
decide what you want to measure and what goals you are looking to achieve
through the social media marketing initiative.

†1
Source: Alex Schultze, Social Media Academy (www.socialmedia-academy.com)

If it's not numbers, maybe you want to look at advocacy rates. Advocates are those
who support your company and products, and visit you at trade shows. This would
be a more effective gauge of social media success than pure numbers. Another way
of looking at it setting a baseline before the social media initiative began, then
measuring the results after it started. And using a standard "MBA" form of
reckoning - "all things remaining equal" - did social media lead to an increase
impact, financial or non-financial.†1 If there was a significant upshot in
transactions, it could well be due to an increased number of positive mentions. For
a more accurate idea of what you want to measure and a strategy that will support
it, ask yourself the following questions†2 :

I. Does this effort help me connect with someone who can purchase my
product?

II. Does this strategy help convert a customer into an advocate?

III. Do the strategies and tactics tie into my sales funnel and CRM system?

IV. Is my strategy leveraging the support of internal and existing advocates?

V. Are measurable objectives that drive transactions integrated into the
entire social media strategy?

The good news is that powerful new tools have emerged to automate and measure
everything you've listened to and analysed.

†1
See Olivier Blanchard's Basics of Social Media ROI http://bit.ly/Ht5Lc
†2
Source: "When Measuring Social Media's ROI for B2B, Don't Chase the Wrong Goals" by Kipp Bodnar. http://bit.ly/1qcMZD

MEASUREMENT METRICS CAN INCLUDE:
Buzz and sentiment - who's talking about your company right now and what's
the tone. Useful if you want to manage your company or brand reputation.
Influence - are compliments/complaints coming from isolated individuals or
people with huge followings and influence? A factor that could lead to financial
impact. In fact, you may want to think about looking at ROI with a different
perspective - Return on Influence!
Reach - how far are your messages spreading; how many users/viewers are
interacting with and consuming the blog-generated or twittered content and
comments?
Virality - the speed at which a conversation moves through the social media
ecosystem.

Tools like Viralheat and Chartbeat are great for monitoring buzz in real time. They
also deliver analytics that help you optimize your outreach and engagement on
social media platforms. Meteor Solutions offers Meteor Tracker, which enables you
to determine the real impact of social media marketing programs on traffic and
conversion by tracking the flow of shared content via links, email, instant messages,
social networks, and Twitter. Jodange monitors word-of-mouth conversations
about your brands or products to give a reading on customer sentiment. Trendrr
lets you set up configurable dashboards to see where conversations about your
brand are happening, and how your industry, sector, or topic is "trending" across
the social web. And Hubspot's Grader Tools provide directional scores and metrics
for channels such as Twitter and Facebook to help you assess the relative impact of
their branded pages and accounts.


NOT THE FINAL WORD
Social media for B2B marketing continues to evolve even as we write this paper.
The best thing about the field is how there are no "right" or "wrong" ways set in
stone yet. But what is clear is the growing role social media will play in B2B
marketing. The direct engagement model it encourages is set to transform
relationships between businesses and customers. No longer will businesses hide
(whether they wish to or not) behind "marcom" firewalls. Transparency and clarity,
sincerity and speed, will become some of the hallmarks of these rejuvenated B2B
relationships. Starting off on this not so well-trodden path may seem daunting at
first but there are great ways to make that initial foray without too many missteps.
The trailblazers have left several clear markers to guide those who are embarking
afresh. However one may start, it would be wise to not lose sight of metrics and
return on investment. How this is done is yet to be clearly defined, but what
is known is that traditional marketing numbers-driven metrics are relatively moot.
Engagement and advocacy are perhaps more appropriate to start with.

We welcome continuing conversations on this topic. Do visit us at http://www.b2bento.com,
or follow us on Twitter at http://twitter.com/b2bento.


www.b2bento.com

B2B marketing requires a different approach from conventional B2C marketing. In fact the B2B marketing
space is evolving continuously, accommodating developments in the social media space, among others.
B2Bento blog serves to capture the essence of this evolution. From the latest developments, reviews, tools
and other cool stuff, to our take on what’s happening from an Asian perspective – B2Bento curates what’s
out there into a neatly presented, healthy mix of stuff you can consume with minimal fuss.

GETIT COMMS
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We are a team of consultants who see marketing programs, campaigns and projects through from
conception and planning to execution and ﬁnal delivery. We provide innovative marketing & communication
solutions for Hi-Tech & Telco companies using interactive digital media (IDM) and social media. We
understand the nuts-and-bolts of our client products & service offerings and know how to best present
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