Chart of the week: 64% of B2B organizations have a formal marketing plan, but what do they need to keep in mind for 2020?
Understanding where B2B industries are going with their marketing can help you identify trends, discover the next big thing and keep ahead of the competition. This is especially important as we get ready to head into 2020, as marketing trends are set to change for the new year, which will likely affect your upcoming strategies.
We’ve taken a look at the latest B2B Marketing Mix Report from Sagefrog Marketing Group to see what the state of B2B marketing currently is. We’ve highlighted what we believe are some of the key findings that could help you see more success from your marketing in 2020.
Most organizations have a plan
When it comes to B2B organizations, 64% say they have a formal marketing plan, helping to shape and…
Real-world examples of PR getting an account-based makeover
You ride on the ABM train because your destination is results town.
Life is all about the names on your account list that you’ve converted into customers and the revenue you’ve brought in from doing so. There’s a beauty to this kind of commercial simplicity!
Although the endpoint is succinct and straightforward, that doesn’t mean to say the process will be. You’ll likely have to flip, hack and smash your way through the age-old promotional mix in a way that befits an approach that operates with laserlike focus.
This brings a neat blend of freedom and flexibility when you’re looking at the activities to deploy as part of an ABM campaign. One such area that’s been under the spotlight for me recently in helping companies with ABM strategy is PR: specifically account-based PR. Before we get into the detail on that…
B2C strategies can also be used for B2B audiences, after all, all marketing is human to human
B2B marketing strategies can be hard to get a handle on since reaching potential customers is very different from B2C ones, right?
Or are there strategies that translate from consumer-focused organizations to B2B ones?
In a word, yes...and it is those strategies that need to infiltrate our marketing efforts in the business-to-business world in order to compete in the current and future age. All marketing is, after all, human to human.
In their article (and accompanying infographic), Imaginasium, a B2B marketing agency, demystifies B2B marketing with stats, tips, and strategies you can put to use today.
First, let’s review a couple of those surprising stats about B2B marketing strategies; for more of these, see the full infographic below.
51% of companies don’t have a clear marketing strategy
68% struggle with getting enough quality B2B…
It’s never been easier for B2B businesses to identify and target their ideal customers online.
"I have a great product or service but I just can’t seem to be able to find buyers."
I hear this a lot. It's one of the most frustrating things for a passionate business owner or manager with a solution that can solve a genuine problem for people.
For anyone who says "my product/service is for anyone that wants it", this may be true; but it won’t help you with your marketing strategy.
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Think about a sliding scale. At one end you have people who don’t, and probably never will have an interest in your solution.
At the other end, you have the person who recognizes…
Chart of the week: Half of B2B buyers have incomplete, unclear or poorly defined criteria when considering new vendors
A large number of businesses tend to assume that B2B buyers are only willing to talk to a sales person when they are coming to the end of the buying journey. However, new research from Aberdeen shows that buyers are more likely to contact a vendor at the start of the buying process.
This means that the traditional inbound approach, which is usually driven by SEO, may not be as effective as we like to think. While SEO-optimized content can help get a B2B buyer’s attention, it may not lead them through the buyer journey as well as you hope.
While the content on your site may be based on detailed persona research, as well as keyword optimized and designed to answer the most frequent questions. It might not provide the information a…
Three ideas to help plan your digital marketing in 2019
With the end of the year on the horizon, as inevitable as night follows day, many people will be looking ahead to 2019 with a host of New Year resolutions:
Whilst some claim that these good intentions don’t work, it’s hard to argue that an ambition to get fit, eat well or start a new initiative isn’t a positive way to start the year. New Year resolutions may not always last, but at least people acknowledge that there may be room for improvement in their lives.
Good businesses will also be looking for ways to improve and there is already a range of business-critical trends to bear in mind for 2019. As with personal resolutions, professionals are always looking for an…
How to boost business results by recognizing cognitive biases
In the 1970’s two young psychologists named Daniel Kahneman and Amos Tversky pioneered a new field of study, which eventually became known as behavioural psychology. They were interested in understanding whether humans were rational, economic decision-makers or fallible creatures, vulnerable to mistakes and errors as a result of ‘cognitive load’. Their research suggested that our brains use two ‘systems’ for making decisions:
In the words of Daniel Kahneman, system one ‘runs the show’ but is powered by a range of heuristics, or rules of thumb, which lead to biases and behavioural quirks.
There are now nearly 200 recognized cognitive biases that can affect how we make decisions in a multitude of different ways. Some are fairly well known (e.g. anchoring) whilst others are slightly more obscure (e.g. the false consensus…
How do you know who isn't converting and how can you make the most of the data to bring them back to your site?
Have you ever looked at your website analytics in real-time and watched as people entered the site? To your excitement, some of them filled out a form and converted into a lead. I have, and it’s awesome seeing the 5-6% of people that make it through your website funnel pop out the other end.
But what about the 94-95% of people who don’t convert? Most likely you’ve got a remarketing campaign setup, which is bringing some of them back. But is there anything else you can do?
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Find out the most effective steps that will help you grow your company and generate leads
With software development setting records every year, it is easy to see why SaaS presents a lucrative opportunity for entrepreneurs. But like in every other business, you need to have a sound plan if you want to grow.
Luckily, new technologies allow for the creation of new software and enable companies in this niche to grow more rapidly.
So, what are the marketing strategies that can help your SaaS business get the most out of its lead generation efforts? Take a look at our tips below.
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Everybody knows that content is the king. If that is so, why wouldn’t you use his majesty to attract more visitors to your website?
The thing with content…
“Buyers are becoming more discerning and selective in the content they decide to consume”
As B2B purchases become more complex, it’s important to take a look at some of the latest B2B buyer trends in the market. Buyers are becoming more selective in terms of the content they consume, to make their buying decision.
While B2B buyers continue to rely on trustworthy and credible sources, expert opinions and their peers to inform and educate themselves, their content preferences keep fluctuating over time, with various new content formats being introduced into the market. According to Demand Gen Report’s annual survey on content preferences, B2B buyers are “becoming more discerning and selective in the content they decide to consume”.
Majority of the respondents (88%) said that content producers need to focus less on content around product specifics and more on…