How B2B Companies Can Leverage Events to Build Awareness

Last week, my ability to navigate London was put to the test as I attended four different events across the city. Luckily, I was able to be at most of the activities I needed and wanted to see, and attending them made me think of ways B2B marketers can take advantage of events — either by attending or hosting.

Aaron Pearson and I have written here about the importance of face-to-face time. Here is his post from SXSW. Today, digital helps us bridge the chasm of actually attending events in person by following the social stream, but they both have their advantages and disadvantages.

How are you turning your events into opportunities?

How are you turning your events into opportunities?

Here are some of my thoughts based on last week’s frenzy of events.

Twitter. Keeping on top of events via Twitter in particular can be very beneficial, but there are always limits and challenges. It was very helpful for me to follow the streams from multiple events while I was moving between them last week, but unless there is a regular stream of tweets it becomes difficult. Here are some ideas that I’ve found to be useful:

  • If you want your event to stand out (or if you want to stand out during an event) then make sure you are posting good content. Re-tweeting and adding favorite tags help, but most people are looking for content, so be prepared ahead of any conference and know what you plan to post and when; think of this as your Twitter editorial calendar.
  • If you are adding thoughts into the Twitter stream don’t just think about adding content from the event, but think about the messages and content you already have that can complement the event and topic. We did this effectively last week around a number of our key activities — both talking about the event but then also adding relevant links to information (e.g., research, job openings, blog posts).
  • What makes this easy to do via Twitter is the ability to hashtag each tweet. While hashtags are a great way to join conversations on Twitter and to search for information, I’ve found more than once that some events suddenly have multiple hashtags (which make it difficult to follow) and hashtags can be hijacked as well. Here are some excellent ideas and examples on how to create a useful hashtag.
  • Finally, I like the use of Twitter streams mostly for connecting with people that I either want to meet up with later or follow. If you are managing a B2B event think of ways you can use Twitter to not only push out content but also to connect people at the event and following your activities.

Video. If possible, live-streaming sessions or even having a few of them available to watch after always makes for a good marketing strategy. Last week’s FT Digital Media 2013 Conference did just that, and you can register and view four of the sessions from last week. One thing I noticed in particular among the scores of tweets was that there was very little use of Vine (Here’s my Vine from the FT Digital Media event). The challenge, of course, is that Vine is very limited (six seconds), but thinking of creative ways to use them throughout your event may provide additional ways to promote certain aspects of your initiative. I also found the use of Skype at The Economist Bellwether event a really interesting way to have participation from one speaker who could not attend be interviewed following a panel discussion. This can be a very risky option, but the quality of the video and discussion made it very good on this occasion.

Photography. Another useful way to bring people into your event is through either the use of event photography. The Economist has posted a number of photos online already showcasing speakers and attendees. There were also several Twitpics from people during the event. At the FT Digital Media event there was a live Flickr stream of photos being posted as well as participants posting their own Instagrams and Twitpics. In addition to Twitter, using a social resource like Instagram can give your event more exposure as you can share those photos across multiple platforms. Images provide another way to bring people into your event and visually tell a story, so think about how you can add these to your B2B arsenal.

Networking. The true benefit of conferences ends up in the face-to-face time. I was able to be at our conference booth for both the events at City Week and Profit & Loss and each one allowed me the opportunity to talk with conference participants. If you attend events for your company where you have a booth I encourage you to always take time to play a part in working at it. It’s not as easy as you think and you never know who you may meet. In addition, planning the right types of networking events for participants remains a very valuable part of any event. No matter how large or small of a conference or event you are managing, you should make it a priority to connect people.

Website. One thing that is frustrating by trying to follow an event online is going to the event site and seeing nothing updated. Simple things like adding a Twitter stream and photos are helpful, but more importantly add special announcements, news and links to helpful resources. You want to make sure that you are leveraging your site to keep attendees and non-attendees up to date. Ideally, think of your site as the hub for your event.

Event management is an area where I think social media has really changed the landscape for B2B marketers. Unfortunately, I think they are often an afterthought as communicators chase blogs, Twitter, LinkedIn and other platforms to tell their story. But events can be a great tool for connecting people to your brand and driving further awareness across both the digital and analog worlds. If you are simply attending or planning to host your next B2B conference, hopefully you will think slightly different about ways to make it more relevant and personal for your stakeholders.

If you enjoyed this post you may also want to read the following:

Craft work — what’s your B2B expertise?

Do B2B companies need social media?

What is social media success in B2B… and some examples

Social media management

Do most online communities fail?

Social Clutter or Social Clarity?

Is Motivation the Key to Success?

 

Stop Throwing Paint Against the Wall

Social media continues to change the way brands communicate with stakeholders. Its introduction into the our arsenal of tactics has provided many benefits, including the ability to share important information, listen to feedback and connect with others. When I speak at events I continue to be impressed with the growing surge and interest from B2B companies in developing programs leveraging social media.

Last summer I introduced my kids to Jackson Pollack...and then we went and had some fun in the garden.

Last summer I introduced my kids to Jackson Pollock…and then we went and had some fun in the garden.

But the easy path to do go down is building a social media program versus taking advantage of social media to be your brand. There is a difference and the earlier method usually results in the cliche of, “Throwing paint up against the wall and seeing if it sticks.” It’s also very one-way — you throw the paint and it doesn’t come back. The only person I can recall who could do this method well and make it work is Jackson Pollock.

There is nothing wrong with experimenting in social media — it’s cost effective, it can allow you to be more creative, you can learn from your experiences and it should be encouraged at this stage. We’ve experimented many times during the last six years and trust me, not everything works. However, everything we do has a purpose and reason in order to tie into our brand and who we are as a company.

Let me give you an example of what I mean. Our latest effort involves Instagram as a recruiting tool and using photographs to tell our history and for people to gain insight into the company. While more brands are using Instagram, we could have easily opened an account and pushed out stock images of graphics and photos we’ve had professionally taken — our paint against the wall approach. But we thought about “why” we wanted an account and “how” it could help promote our company. Our conclusion was that Instagram helps give us a personal touch through visuals, so we wanted to take advantage of that by leveraging our employees to share photos from inside the company as well as people around the world who visit us. Images tell stories and we wanted ours to help humanize and capture the heritage of our brand. We have also integrated our Instagram account with our Facebook page.

No offense to Pollock. He was brilliant and one of my favorite artists, but moving from experimental/one-way “paint throwing” social media into strategic communications is how B2B companies need to think about.

But don’t stop experimenting. Don’t stop thinking about what you can do to leverage social channels and networks. But do think carefully about “why” you want to use them and “how” they can help you. And be patient. B2B communications is not as far-reaching as B2C and it will take time, effort and consistency to be make it work for you.

I did buy the Tate’s “Art in a Box” kit so our next weekend art project may involve Lichtenstein. Stay tuned.

If you enjoyed reading this post you may also want to read the following:

Craft work — what’s your B2B expertise?

Do B2B companies need social media?

Three areas to focus in 2013

What is social media success in B2B… and some examples

Who are your content superheroes?

Social media management

Do most online communities fail?

Where Does Facebook Fit in Your B2B Communications Plan?

It’s been a media frenzy for Facebook surrounding it’s recent IPO and reaching one billion users around the world. Some now believe that Facebook’s target is on professional users, which is a good thing for B2B communicators.

Facebook has done quite a bit to make its branded pages more useful for B2B companies. FacebookIn particular, the recent changes to add promoted posts and global pages are not just tools that B2C companies can leverage. But can it compete in the B2B space with LinkedIn? And what about new entrants like Pinterest and Google+?

I recently had a chance to answer several questions from Arik Hanson about Facebook and how we leverage the platform. You can read the full interview here: Social media case study: CME Group

 

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The Three I’s of Social Business Media

Five Lessons Learned from Five Years of Social Media

Are you ready for a real-time B2B world?

Content Management Lessons Learned

Please, no more references that content is king. I’ve lived in London long enough and have read my children’s school lessons to know that kings don’t last and the rule usually ends poorly. Yesterday, I spoke at the Financial Services Social Media conference organized by Haymarket Conferences in London and presented on the belief that content is an asset. And even assets are protected and valued by kings.

You have many choices to shape your brand with content; which is right for you?

You have many choices to shape your brand with content; which is right for you?

Content that is valued by the end user, organized well, made shareable and pulled together in multiple formats can shape opinions and drive conversations. But this isn’t an easy task. In fact, it’s one of the more difficult things to manage since so much content about your brand is published out of your control by the news media and on social media. And to add to this challenge you have to get through the never-ending sea of content that comes your way. Yet, done correctly, you can use content to drive the messages that you want to be discussed by others.

More and more we are seeing content take over as the key driver of branding and communication. With more ways to share information today it’s critical that communicators understand the value of content and why it needs to be constantly looked after. I ended my presentation with a list of lessons learned and here are some of those key points:

  • Don’t separate your content from your brand: When I was growing up the warning was, “You are what you eat.” The same can be applied today to brands in terms of content, “You are what you publish.” If your content is not reflecting what you want your brand essence to be than you are not only wasting your investment in branding, you are actually confusing your stakeholders. If you want your company to be known as the greatest at “xyz” then your content needs to be about “xyz”. This will require you to think differently not only about what you publish, but what you read, how you write, what you retweet and how you think.
  • This is not a one person job: No one person can manage all that is said by and about a brand. If you’re trying to do this, stop. Make sure you actively reach out to the people who can give you the most help, whether in HR, products, research or marketing. The bigger circle of influence you can create the better you will be at developing checks and balances for ideas.
  • Repetition is not just okay but required: Social streams continue to grow with more content. More platforms are being developed. More brands and people continue to use social networks. All of this means that if you are posting your content once you are not grasping the power of social sharing. My suggestion is that you review your distribution strategy (if you don’t have one, develop one) and start to put it to use. You can accomplish this by staggering the times to post to networks, re-posting content with unique headlines and, most importantly, re-posting your content later when news happens (making sure it’s still relevant of course).
  • Maintain a consistent presence: The Internet doesn’t sleep. News doesn’t sleep. You have to sleep — at some point. Think about how you can develop a plan where your content lives online every day of the week. If you are thinking in a “Monday through Friday” mentality that may be a very safe way to let your audience know when they can reach you. Just keep in mind your competition will take care of them on the weekends. I don’t mean you need to work 24/7 personally, but as an organization you need to think of ways to feed content around the clock.
  • Leverage partners and vendors: Your company buys a lot of products and services from vendors (or you’re a vendor with lots of customers); are you leveraging them to help you share your stories? There is a clear win-win here for you both and if you have not built those bridges to your most relied upon external resources you are clearly sitting on the sidelines waiting to be put in the game.
  • Measure your success (and failure): This is pretty easy to explain — you need to know what works and what doesn’t. If you don’t have a measurement dashboard in place you are just guessing, and guessing is not a strategy.

No matter what you do in the communications mix, you need to figure out how you can take control of your content management. If you can develop this asset for your brand and harness its power you too will become a valuable asset.

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Social Media Management — My Point of View

Trying to manage content, technology and time today is a never-ending battle (and one that we always end up losing). So what can you do to manage all that you have to do? I was asked to contribute my thoughts for CorpComms magazine last month and share my ten tips for how I try to stay on top of content, news and information.

Managing social media shouldn't always be a battle; here are some ideas to help

Managing social media shouldn’t always be a battle; here are some ideas to help

You can read the full story here: Managing Social Media

We’d love to know your good ideas and tips as well so add them in the comments below. You can also follow CorpComms on Twitter and their staff.

If you enjoyed this post you may also want to read:

What drives your social media strategy?

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Blogging isn’t supposed to be easy

 

 

StockTwits and PR Newswire Partnership Further Validates Financial Social Media

Last week’s news that StockTwits and PR Newswire are joining forces represents a huge opportunity for B2B social media and financial communications (Disclaimer: We are a customer of both companies). As Howard Lindzon, founder of StockTwits wrote in his blog they are looking for ways to “layer on top of the publishing world for financial people to push, share and pull content” that meet the compliance needs of public companies. This partnership is another step in that direction.

The Social Network for Finance

Two years ago I wrote in this blog that financial communicators need to seriously look at StockTwits as a broadcast and engagement platform. The company has continued to extend its reach by striking content deals with major financial news outlets such as CNN Money Yahoo! Finance and MarketWatch. What I have always enjoyed about our relationship with StockTwits is its relentless passion and focus on community; they have never lost site of the value and importance of their members who contribute 24/7 to the network.

With this latest partnership with PR Newswire, known as Capital Markets Visibility 365, StockTwits continues to tap into the news flow of organizations. At the same time, PR Newswire brings further credibility to the social media landscape for investor relations and helps add value to the trading community that StockTwits values so highly. We have long been doing social media and have achieved some incredible results, and I like this agreement between two companies who understand the value of corporate news and bringing increased transparency to the investor community. This really is a win-win-win-win for both companies involved, communicators and investors.

If you still haven’t looked at StockTwits as part of your company’s or your client’s social media planning or monitoring you should register and learn more about the community. And if you have questions about using StockTwits or PR Newswire you can ask me on Twitter or reach out to Howard Lindzon or Brad Smith (PR Newswire). In addition, post your comments and questions below and I will provide my thoughts.

If you enjoyed this post you may also want to read the following:

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Are you ready for a real-time B2B world?

What drives your b2b strategy?

If You Want to Succeed Online Connect with Your Audience

What if you posted content and no one cared?

If you want to be good at social media in a B2B environment you need to be able to connect with your audience. Passive, one-way conversations don’t work in a social media setting; even if you’re trying to just fill an SEO need. If you really want to communicate your message and make a difference with your communication efforts you have to connect with your audience. This means that you need to plan accordingly for each platform, not only for the content you choose to post but also how they work (e.g. Twitter is more real-time than a LinkedIn group).

Here are some thoughts on how to make those connections.

  • Ask questions that create a dialogue among your followers. If you wonder why no one responds to your posts it may be because they feel you’re not interested in their opinions. The easiest way to get over this is to simply ask a question and seek feedback.
  • Get others to share content and ideas from and about you. There’s nothing wrong with reaching out to your followers to offer support; that’s why it’s called “social” media. Just be careful that you don’t over ask and remember that you’ll need to likely return the favor some day.
  • Bookend your content around topics. If you have news around a product or service you can build further awareness and credibility around what you’re doing by posting third-party content around your news. This can help eliminate the “look at me” image you may be giving by just posting your news release, and in addition helps to show you are part of a broader industry news cycle and on top of the trend.
  • Take the discussion offline. It’s always helpful to network offline and discuss how to create and leverage content to build connections. If you’re not going to at least one conference a year you need to change that. You should also leverage LinkedIn and connect with people in your industry or field. In fact, you should connect with all of us here at B2B Voices: Aaron, Arik, Kate and me.
  • Benchmark against others. There will always be someone doing something better than you or different than you, so follow them and see what you can make work for your brand.

These are just a few ideas on how you can make your brand more valuable to your stakeholders. What is important is that you find a strategy that works for you to make those valuable connections. I’ll be speaking on this topic in June for a panel at the B2B Corporate Social Media Summit in London and will update this post.

 

If you enjoyed this post you may also want to read:

Navigating the Legal Road Map of Social Media

What’s your “I” in social media?

Four spring cleaning tasks for B2B communicators

Why LinkedIn’s Company Pages Now Matter More

Do most online communities fail?

Avoiding the one cup approach to social media

 

Four Spring Cleaning Tasks for B2B Communicators

Being caught up in the daily grind often makes us overlook the importance of regular maintenance. And with Spring coming now is a good time to review your programs. Here’s a checklist of things you should be doing as we end the first quarter of business and look ahead to the next nine months.

Spring is in the air...are you ready for the rest of the year?

  • Check your schedule: If you have an editorial calendar of news and events take another look at it to make sure you are on track. If you don’t have one now is a good time to build one. Do you know what events are critical? What is your plan around them? What have you learned from past events so you can improve?
  • Review your accounts: We all have our favorite channel of communication that we prefer to use, and it’s been a great resource for you in the past. Are you sure it’s still the best platform for you? As social networks have grown in size and numbers we now have more options at our fingertips than ever before. Take some time now to make sure you are still using the resources you need.
  • Look through your website: I’m always amazed at the great content I find on our site. You probably will come to the same conclusion. You should build time into your schedule to know the issues impacting your organization and then seeing what you can find on your site. In addition, you should try to make this a regular part of your content management program.
  • Think globally: I’ve written a few times about using the right tools to reach your international audience, so now is a good time to review what’s out there. Here’s the international information I found.

What’s important to remember is that this should be an ongoing process. As much as the theme of “spring cleaning” is a good way to remember to do this, you should build into your planning and strategy a regular routine of building on your programs.

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The most important question you can ask

Defining the Social Enterprise

Two weeks ago,  I was fortunate enough to moderate a panel at the Finextra social media event in London on the “social enterprise” with three people who are helping define and redefine this space.

Jeff Saul is the CEO of Euroinvestor.com and has a long and interesting career in equity research. EuroInvestor.com was founded in 1997 and is today the leading investor portal in Northern Europe with 1.6m unique visitors per month focused on trading & investing, personal finance and lifestyle products. In February they launched the Euroinvestor Cockpit, which allows users to fully customize how they view the most important market data such as Stock, FX and Commodities prices and news.

Christopher Kelley joined eToro in February 2012, where he is currently UK Channel Manager and his CV includes developing a live trading room platform for FX traders as well as earning a Masters in Marketing with a focus on Social Media Marketing. eToro is the World’s largest investment network with over 2 million members registered to date.  The company brings traders together where they use a range of metrics and rankings used to illustrate the performance of traders within the network. While traders have typically had two analytical tools eToro brings the added element of Social Analysis

Your social enterprise success depends on your vision and strategy.

Giles Andrews is co-founder and CEO of Zopa. Launched in 2005, Zopa connects savers who are looking for a better return on their spare funds with creditworthy borrowers who are looking for a better deal. Its network has now lent £200m to approx 40,000 consumers.

But what is a social enterprise? Is it a business that’s integrated social media platforms into its marketing and support functions? Is it all about social CRM? Are we talking about a larger industry shift or a marketing slogan? Is it about making money? Or all of the above? Like so many things in the social landscape today there are varying views and opinions on how to define the space.

The resounding feedback from the panel; however, was that their success as a “social enterprise” surrounds engagement and advocacy from the networks they’ve built. It’s not just looking at ways to internalize the data nor is it making sure that everyone internally is using social media for the company. The focus moving forward from these three examples is that companies shifting to a more social foundation are doing so because they are engaged with their audience — they listen, they act and they react to customer feedback and information. The challenge in doing so, or perhaps the illusion, is that companies need to give up control of their brand. That most likely is the most difficult part to accept, but it’s more about being involved with your customers than sacrificing control as so many companies have discovered. For those of you who manage social media this transition is not easy as this post from DigiDay — Confessions of a Social Media Manager – reminds us.

As you think about ways to engage your company or clients into not just thinking but acting more social some ideas to consider include the following:

  • Benchmark: It’s always best to show examples from in and out of your industry to prove a point.
  • Strategy: I’ve made this point many times on this blog and when I speak, but you cannot be successful in social media (or any media) without a strategy.
  • Measure: It will take time, but measuring your efforts and showing success will further help to improve your chances of success.
  • Adapt: Great communicators and leaders learn to adapt to changing issues, technologies and business goals; your social strategy will need to change with all of these.

This idea of a more social enterprise is one that will continue to be debated and discussed as more business strategies shift to a social environment. Pulling together the items you need to ensure you can move your company in that direction will help better position you against your competition and make you a more valued communicator to management.

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Social business or business communication via social media? — Carol Rozwell

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What’s your “I” in social media?

Why LinkedIn’s Company Pages Now Matter More

Do we need a social index for businesses?

Do most online communities fail?

 

 

Do Most Online Communities Fail?

This is an interesting question. Fortune magazine seems to think they are failing. But the answer is never as easy as the question.

For instance, if you build a community targeting CFOs from the Fortune 100 companies what would determine your success?

  • Would it be 100 percent participation? Probably not since we know most people watch and listen online and getting 100 percent is unrealistic.
  • Would it be an increase in sales from the companies respresented in your online community during the year? Maybe, but they may do that regardless of your online community.
  • How about if you focused on just three CFOs in the group whom you know would receive value from doing more business with you? Bringing in increased sales from two of them could potentially be linked to your efforts.

So determining what you want to get out of a community from the start may not be what you actually get out of it in the end, but that depends on what your objectives are for your community. Adjusting your strategy along the way may help you achieve the results you want, but you may also need to adjust your strategy because the results you desired have changed (You are getting results just not the ones you expected). Yes, communities are complicated, ever changing and complex.

The trading floor community in Chicago

I’ve been lucky that even before the rapid growth in social media I was part of working with a large community — the trading floors.  To get a feel for that you can read some of Jeff Carter’s posts on social media and trading and why he likes Twitter better than Facebook for building his social media trading community.

So what can you do to be successful? One key part of building a good community is letting the community run it. As PR20/20 reminds us, it’s the conversations that make good communities function.  And running a community takes a number of skills – from adaptability to empathy — as the Business 2 Community points out.  Whether you are an experienced community manager or new to it, I would definitely recommend you read Community Spark from Martin Reed.

Having the right resources in place can make a difference in a number of ways for you and your team. Here are some thoughts on what you need to build your success:

  • My suggestion to you is not to spend an overwhelming amount of time choosing what you need. You should have a list of important criteria (e.g., does it have mobile capability, what are the metrics you will receive, etc.) and focus on those. In addition, there are numerous blog posting and online reviews of platforms that can help you speed up your decision process.
  • Not only should you focus on your own content to share, which should be unique, interesting and offer helpful insight, but you should also be a resource to find and distribute third party content that your community may find useful. A good mix of content is challenging but will make you more trustworthy; it also can spark conversations around the topic of choice and should lead you to develop more of your own content. Here were some thoughts on content curation and dealing with social clutter.
  • Have a vision. It’s easy to get bogged down in what you are doing today — posting stories, answering questions, finding new members, etc, but don’t forget to keep thinking forward. Not only will you need to understand changes to social platforms, but you will also need to understand the trends and issues of your business.
  • While not something you can create or build, you will need to enlist the people who believe in what you are doing. I wrote about this concept and motivation as a driver of success earlier. For instance, we’ve found that some people really understand and enjoy LinkedIn vs using another social platform. In this case, we are cultivating the “believers” and getting them to best utilize the platform to meet their needs. Here’s some help about how we use LinkedIn: Don’t Overlook the Power of LinkedIn Groups

Community management is not simple nor is it easy. It takes a lot of hard work, making personal sacrifices and a constant flow of ideas and conversations. In fact the worst thing a community manager can receive is silence. But if done right, a community will grow, network and provide you with valuable insights and relationships.

So what do you think? Are more communities failing? Or are we measuring them wrong? What do you think makes a community successful that I missed?

If you enjoyed this you may also want to read:

Don’t Overlook the Power of LinkedIn Groups

Content Curation: What Does it Take To Be Successful?

Social Clutter or Social Clarity?

Is Motivation the Key to Success?