Why Digital Media Outreach Shouldn’t Be Ignored

I recently found myself in a conversation with a woman who was in charge of redoing the website for her company, an electrical distributor. At one point she explained how they were not offering email contact information on the new site, no change from their current site. The company’s decision was based on their desire to suggest (force?) people to pick up the phone and call them.

As I had just met her and we are in casual conversation, I refrained from commenting, but I couldn’t help thinking about how darn limiting this mindset was.

The truth is though, it’s a pretty common justification and not only concerning just providing email, but also not using any form of social media outreach whatsoever.

To some extent, I can see the line of thought behind this decision.  When you’re in more traditional industries – ones that rely primarily on contact via phone and have not yet shifted to other forms of communication – there’s a tendency to fear change in terms of how relationships can be developed and managed (we won’t even get into the general stigmas around using email and social networks in this context, as that’s certainly a big barrier for many).

Additionally, if you’re part of a long supply chain, there’s a reliance on long-term relationships, and there’s an understanding that they’re built with the blood, sweat and tears from in-person and phone contact. Connecting digitally or using social media platforms is usually considered to be impersonal and definitely can’t foster long-term strong relationships.  Right?

Wrong. This mindset needs to change and it needs to change quickly.  Here’s why.

It doesn’t consider the long-term process of building relationships.
Just as people value the above mentioned long-term relationships, they’re forgetting that they’re just that, long-term.  Each of those usually involved several points of contact, a mix of different methods of outreach (is a fax more personal than an email?), and an ongoing strengthening of the relationship.  They didn’t occur just because someone called.  They occurred because an opportunity presented itself and it was nurtured over time.  So to have someone’s first point of contact be a phone call or an email is rather inconsequential, wouldn’t you say?  It’s the effort you put into the whole process that will make or break the relationship.

It’s a missed opportunity to offer an easy way for customers to reach you, and an easier way for you to address smaller issues.
Essentially, you’re shutting off entire channels of communication for both current and potential customer to reach you.  Did you hear that?  ENTIRE CHANNELS.  That translates into straight numbers.  You’re losing potential leads.  Period. Some people just plain want to email at first.  Would you rather they request a quote from four other competitors that allow them to do so quickly on their website and not request one from you because you made it difficult?

Additionally, some current customers, the ones you already have a relationship with, and the ones whose lives you want to make as easy as possible, might find it so much easier to just contact you via email, or bop you a message on Twitter or something.  Why would you want to force anyone to call you every time they need something?

This choice ignores strategic thinking.
To take these points a little further, by dismissing the opportunity without considering how you might handle a digital point of contact is really taking the easy way out.  But easy isn’t always best.  Using the above example, let’s say you were deciding whether to start using Twitter as a way to get quote requests.  This doesn’t end up being a a one-step process.  It isn’t as easy as “but that means they won’t call.”  What are your plans after you get a request?  You could just as easily nurture direct phone contact by having your salesforce follow-up with a phone call (step-by-step option: direct message the person, thanking them for the quote and requesting a phone number to reach them at… then pick up the phone and call).  There’s absolutely truth in the power of human voice in customer relationships, but thinking that it’s one or the other just isn’t logical.  Since the whole process is several steps, you can still have your cake and eat it too.

It’s doing nothing to enhance your website.
Your SEO or your inbound traffic will not benefit from people just having to pick up the phone.  You want people to interact with your site, use your forms, get there from your Facebook page.  You want inbound links out there, directing people to your website.  If you’re in the “phone only” mentality, it likely also means you’ve limitations on your site as a whole, discouraging people from using it as a tool.

It’s backwards thinking.
Sorry to be blunt, but you just wouldn’t be thinking progressively at all.  And competitors that choose to introduce digital tools into their communication and sales mix will get ahead.  They’ll be accessing people you’re not.  They’ll be getting their message in places you’re not.  Most importantly to this discussion, they’ll be nurturing points of contact and developing relationships that you’re not. Why would you allow them to do this?

So, whether it’s offering your email as a point of contact, getting on Twitter, or allowing people to interact with your company through some other new fangled digital way, don’t fight it…..

Channeling Your Inner CIO

Ever since I was introduced to CIO magazine several years ago I was immediately drawn to the similarities faced by both CIOs and chief communicators. Perhaps it’s just me, but I read CIO magazine not necessarily for the IT information (which I also enjoy), but with every article I substitute CIO with CCO or CMO. Go ahead and try it. Here’s one that recently caught my eye:  From the CEO: 5 Questions CIOs Need to Answer.

cio-logo_180x109

I’ve taken those five items and listed them here, but with viewpoint of someone in communications:

1. Do we understand what we broke, and what is our plan to fix it?

If you have the perfect communications team than you can skip this point. If not, keep reading. Most discussions with CEOs revolve around helping the business and with communications that’s no different. CEOs always challenge us to improve, to be better than the competition and to find solutions to win customers. This also can apply to your company’s reputation. How do your customers view you positively and where can you improve? These are issues CEOs look to us to fix.

2. How do we get full potential from discretionary spending?

How often do you review your budget and make changes? Are you maximizing that discretionary spending? And where can you improve your budget in order to help the organization achieve its business goals. In today’s economy in particular, CEOs want to ensure every department across the enterprise is getting the best return on investment. Are you?

3. How will we drive unnecessary complexity out of IT?

This point obviously speaks to complexities of software and hardware, but this still applies to communicators. Where is complexity in your department? Are  you sharing metrics? Are you maximizing events? Is social media a cross-department effort? We all have complexities that we can tear out of our marketing and communication systems, but finding them and fixing them takes time and effort.

4. How will we take better advantage of “good enough” solutions?

Yes, your news release is good enough — you saw the stories. Your web site too since people are visiting. And I’m sure your advertising is good enough as well. But you’re competitive, right? What will you do to take the risks to really make your brand stand out? We all have a lot of “standard” communication tools available to us, and no where is this more evident than with social media. We all have these “free” tools but where are you excelling?

5. How do we make outsourcing more strategic?

That new agency you hired — are you tapping into their best resources? Do you go with size and depth of the big agency or lean and nimble from the small agency? These are key decisions we all need to make as the playing field becomes more competitive for us. If your agency isn’t constantly challenging you to do the right/best thing, actively reviewing your activities and asking you tough questions than maybe it’s time you need a more strategic partner.

I am a huge supporter of working as close as possible with your IT team (my earlier post on working with InfoSec) and I encourage you to work more closely with them as well. I think you will be surprised at the number of similarities.  There’s an entire list of email newsletters available at CIO and I would encourage you to sign up and read CIO Leader and CIO Insider, but read them from a communicators perspective. I think you’ll find yourself thinking differently and developing some new ideas for implementing your strategy.

Let us know your thoughts. And if you happen to pass your CIO in the hall offer to take him/her to lunch. They can probably learn a lot from you as well.



Show me the CNNMoney!

Yes, I’m riding the coattails of Jerry Maguire, but when it comes to marketing and communication sometimes we really do need to show management the money. After all, they’re running a business and we need to help them do that — whether that’s driving revenue or building our reputation (Shannon Paul has a great post on this topic Social Media and the C-Level). One growing area where all of us in B2B communications continue to learn is in the area of social media, and sometimes I think we forget that showing good examples doesn’t mean we have to create them.

I blogged on B2B Voices last year about the value of StockTwits as an investor relations tool. Well, once again the team over there has given another example of how to show the value of Twitter to monitor what is being said. Last month the company partnered with CNN Money to integrate a real time stock conversation widget powered by StockTwits. Check it out for yourself - CNN Money Real Time Tweets.

There are some key takeaways from this if you are at an agency working for a publicly traded company or work for a B2B company this is a listed company:

1. You should create an account at StockTwits and learn how to use the platform. As a side note, I often find the StockTwits platform more reliable than Twitter or Tweetdeck.

2. Send the CNNMoney link to your investor relations team. While they may not be using Twitter or may think that StockTwits is a fad they should see the value in CNN Money as a key source for the impact of Twitter and real-time conversations. It may spark an interest from them and give you a way to leverage an internal relationship to promote your efforts. I mentioned why getting internal buy-in for social media is important last year.

3. Keep looking for outside sources and third parties to build into your communication plan. We have a great relationship with StockTwits and continue to work with them to meet our objectives. Who are you using?

What are your thoughts? Do you use StockTwits? Have you partnered with outside resources? Tell us your stories.

Finally, a comprehensive B2B social media study

I like studies and research. Maybe it’s the inner economist in me who likes to constantly explore behaviors. Maybe it’s because I like to read various points of view. Or maybe it’s just because I’m always curious and trying to learn.

One thing I continue to notice is the lack of B2B research available on social media. That’s why it’s refreshing to read this study from Business.com entitled 2009 B2B Social Media Benchmarking Study. Written by Ben Hanna of R.H. Donnelley Interactive , It’s a very comprehensive look at social media from 3,000 North American professionals who are using (or not using) social media and why. You can download your copy here after you register.

The study isn’t breaking news (it was released in November 2009), but it clearly focuses on what I want to know. In fact, here’s a listing directly from the report as to what you will learn:

  • To what social media sites do business people turn when seeking the information they need to do their jobs on a day-to-day basis? And what are they looking for?
  • What do people consider to be the most useful social media resources for business information (and, therefore, the most valuable social media sites on which B2B companies should participate in order to reach their target audience)?
  • What are the most popular types of social media initiatives among B2B companies, and is the impact of these initiatives visible in business results?
  • How do B2B companies judge social media success?

[Source: Business.com’s 2009 B2B Social Media Benchmarking Study (http://www.business.com/info/b2b-social-media-benchmark-study)

I won't give away any surprises, but all of us at B2B Voices would be happy to discuss in the comments section your thoughts. In the meantime, you can follow Business.com on Twitter and read their blog here.

Business.coms 2009 B2B Social Media Benchmarking Study

Business.com's 2009 B2B Social Media Benchmarking Study

The New Social Media App: F2F

 

Last week I attended one of the leading events for our industry down in Boca Raton, Florida. It was a four day excursion and the social media landscape has certainly matured in the past 12 months since I was last there. But for as much as I enjoy promoting the exchange on Twitter, Facebook and LinkedIn, there’s just something about not being able to replace face-to-face encounters. Here are three things I’ve learned over the years about leveraging conferences and meetings without the use of social media:

  • Attending Sessions:

My general rule for panel sessions is either sit in the front row or stand in the back. If I sit in the front row I tend to stay tuned in to the discussion and pay close attention to what is said. Since I typically write or type notes from the events this is my best vantage point. It’s also a great location for wanting to talk with the panelists after the discussion (NOTE: Since few people sit in the front it’s also a great place to find an unused power outlet). If I’m not in the front the only other place you’ll find me is standing in the back. For me it’s a great vantage point for eyeing who is in the audience to talk with after. I can also see who is coming and in and going out of the discussion (NOTE: It’s also great for a quick exit).

  • Drive-by Meetings

Probably some of the best meetings I had during the event were the random, out of nowhere meetings in the hallway, lobby or conference tracks. Years ago while working at an agency I learned that walking around the conference center will provide me with more opportunities to find people. One could argue that sitting in one place could accomplish the same thing, but those who know me know that I hardly sit still. I would rather venture into various high traffic areas and find that random encounter.

  • Socialize

After hour events provide a chance to mix and mingle, but who are we kidding — this is all about networking just in a more relaxed setting. I was fortunate enough to spend some time with Jim Binder whom I’ve become friends with. Jim, in turn, was able to introduce me to several people. It was also a time for us to compare notes from the conference. During another time I had the chance to talk with one of the exchange’s directors about both work and family, but I took the opportunity to learn about what is going on in his department.

 

I would be remiss to not mention how social media has also changed the way I’ve now approached industry conferences and events.

  • FlipCam

We continue to experiment with FlipCams at the exchange for internal and external purposes. This year Iwas able to quickly interview each person from the exchange who particpated on a panel discussion. On the last day of the conferece we had posted the videos to our intranet for employees (as of the end of business today we’ve had more than 1,000 views of the videos by our approximately 2,000 employees). I have come to appreciate the portability, ease of use, and quickness of these cameras. Kate talked more about how B2B companies can use video here.

  • Blogging

We took the opportunity during the event to officially launch our blog (Open Markets). This was another important step in our social media strategy, and while we made the announcement at the conference we were able to promote in real time to our stakeholders via Twitter, Facebook, LinkedIn and our web site.

  • Twitter

Real-time collaboration is one of my favorite aspects of Twitter, especially when I’m trying to find people like Diane Saucier at an event (she was in the lobby since that was the best WiFi area) or people trying to find me (like John Lothian who knows I respond faster to Twitter than email).  We also used Twitter to promote industry news from the event and provide as much information to our followers as possible. And although I doubted she was actually at the event, I did run into Dorothy Friedman because I saw her tweets and found her.

 

Now here’s the hard part for you: Think way back (months — maybe even a year or two if you’re a veteran) before the days of FlipCams, Facebook and Twitter and share what non-social media tips you have for networking and leveraging relationships at conferences.

Social Media Won’t Kill Your Brand – Just Be Strategic

I wanted to respond to this video from Loren Feldman at 1938 Media, at least from a B2B marketing standpoint. It’s provocatively titled, “Social Media Will Kill Your Brand,” though that isn’t quite what he says.  His premise, however self-serving, actually seems to be that a) social media is only a tool, and b) if you’re driving traffic to Facebook or some other place, you’re not driving traffic to the web site your brand owns, and therefore you’re letting that social network control your brand.

To be sure, Loren is right that social media is overhyped. I suspected we’d see the social media bubble pop a little in 2010 and in fact early signs give me confidence in that prediction. He contends that these various social network channels are just tools.  This is unquestionably true. We have not found a silver bullet to neverending sales and marketing nirvana, to solve all our customer relations challenges, to connect with all potential buyers through the magical bonds of Internet conversation. Yet read the breathless tweets and blog posts of many social media experts, and you’d think it were not so. Suddenly, the 4 Ps of marketing – product, promotion, place and price – have been replaced, as I’ve read, simply by People. It’s kind of an interesting concept (and 4 Ps as a concept is simplistic itself) but it isn’t true.

There’s no silver bullet, my friends.  Especially in business-to-business marketing, accept that different communications sources, different tools, each play a role in moving someone from need awareness through brand awareness and interest, through purchase, and hopefully brand advocate. Twitter might play a role somewhere along that journey, but Twitter isn’t a marketing strategy. A blog isn’t a sales strategy.  You need to start with a strategic assessment of your market opportunity and your competitive position and creatively arrive at an approach that will help you capitalize on that opportunity, and it’s at least conceivable that there’s no social media component.

But I doubt it, and this is where the video rant goes too far.

The fact is that social media should probably find its way into most B2B marketing programs in some way or another. Loren says, “If you are focusing so much on social media, you are making a big, big mistake.”  Now how does he know?  Just because it’s not a silver bullet doesn’t mean social media can  be discounted as a potentially critical component of the communications mix.   

I’m kind of skeptical of Facebook for most B2B environments because Facebook has generally become a place for personal and consumer conversations (though anyone doing B2C should note a real sales corrolation in this Harvard Business Review study resulting from a Facebook site). But it’s not because Facebook destroys brands. New BPO analyst firm Horses for Sources was able to launch itself this week in part because of its powerful 9,000 member forum of BPO experts and executives called The BPO and Offshoring Best Practices Forum.  It’s hard to see how using social media to better listen to your customer needs will send your brand off course.

Twitter is a little different in that it isn’t really a destination and, in my opinion, shouldn’t really be compared to Facebook. It’s a network of people exchanging information via scores of user interfaces and devices. They may not want to go to your web site. But they’re also not so cynical that you can’t establish trusted relationships with them through social media channels.  In fact, taking Loren’s argument to its logical extreme – that you should only work to drive people to your web site – it’s therefore a waste of time to secure a New York Times feature story profiling one of your customers because the traffic goes to NYTimes.com.

Here’s the big issue the video misses, I think: You don’t really own your brand anyway. A colleague of mine reminded me that it’s really customers and employees who own the brand. It’s true, and they can build it up, reinforce it, grow it, or tear it apart and show it to be lacking in integrity or value. Coming up with a brand message doesn’t make it true. Making a cool web site doesn’t mean your customer service is any good. If your employees think your ad campaign is full of crap, their silent abstention from supporting your big mega marketing campaign online will be deafeningly obvious. But if it rings true to them and to your customers, they will heartily, voluntarily reinforce it. Without even asking.

So let’s get over our breathless excitement over social media as marketing messiah, fine. But make no mistake, we can listen to customers and other stakeholders better than ever before, faster, less expensively. Customers can unleash their own power as advocates – or badvocates – far easier than ever before. That’s not something email marketing or Google Adwords campaigns can do.

Curious George Goes to the Office

Who doesn’t love a good story? I’m particularly at my best reading these Curious George books to my kids at night. There’s always something about George getting into trouble and learning a lesson that I enjoy — but I think my kids just like how I goof around and tend to get creative with the plots each time I read them.

While the enjoyment is spending time with my kids, the challenge is always trying to make the same story interesting again and again. Does that challenge sound familiar at your job?

I was lucky enough to speak to a group of Northwestern Univerity IMC graduate students a few weeks ago on this topic of storytelling. I started my discussion by asking a simple question — what are the two things that every business does? The first answer was easy — sell. Obviously to exist companies need to make revenue and they do this by selling. The second took a little longer to get, but as you can tell by the theme of this post the answer is — tell stories.

That’s it? Sell and storytelling? In my opinion, yes. We just don’t call it storytelling. Words like differentiation and branding come to mind as do tactics like case studies and third party influencers.

But those words and tactics are parts of the story. So what is storytelling and how do we use it? Here’s a great post by Kevin Dugan on the topic. You should take a look at what he has to say.

I like stories for a few reasons and try to use them as much as possible. Here’s my line of thinking:

1. Stories make your organization come alive. Telling stories gives depth and perspective to the products and people of your company. While you only make “widget123″ there is a reason you make it, people who make it and customers who buy it. Providing background on how it “widget123″ was invented, examples of how customers use them, and why they are important to your industry (and perhaps the economy) gives your product and company life.

2. Stories give you credibility. While fact sheets and statistics are nice and get to the point they rarely get you anywhere on their own. Stories can demonstrate why there is a need for your company and the things you do. And face it, facts and figures do support your stories — not the other way around. I don’t think I’ve ever had a reporter write a story about my company or clients based on a fact sheet, but giving them a story — buttressed with facts — makes my pitch that much stronger.

3. Stories differentiate what we do. While competition can drive us all bananas (Curious George pun intended) it only forces us to tell better stories. The next time you’re stuck in a competitive situation start asking your product teams about the stories they can tell. You may be surprised at how many ideas you can generate to really stand out from your competitors (and hopefully they’re not reading this post).

Now it’s your turn. How do you develop stories for your company? What stories work for you? And of course if you have any children’s book recomendations I’m open for ideas (so are my kids).

Thinking Beyond Products

Every now and then I take time to think beyond our product offerings. It’s a nice exercise and usually leads to some unique and creative ways to think about positioning the exchange. One area that we like to pursue and where we have been successful is in the area of technology. I’m sure we’re not alone in this area, but we try to balance talking about technology as well as our people in technology. So what are some areas that go beyond just products in helping to promote your B2B brand? Here are some quick thoughts.

question mark

Technology:

I like talking about technology. I like talking with our technology team. I’m a tech geek like a lot of you. And I do believe that marketing IT matters – I wrote about it here and earlier this year on B2B Voices about the importance of partnership with information security here.

Human Resources:

Have you integrated recruiting into your social media campaigns yet? There are some simple and effective ways to do this, such as starting out with posting exisitng job openings. But you should also think about how to fully leverage LinkedIn for your recruiting efforts. By the way, have you looked at your company’s profile on LinkedIn yet? It may be in need of some help (another easy victory for you with HR).

R&D:

Positioning your research team members can help showcase some of the great minds at work within your company. These are probably the people that already have a blog or read blogs. Getting these people to post on popular blogs about innovation and technology can help position your organization as leader in either very broad or niche topics.

If you need ideas on how you can do this go back and read Aaron Pearson’s post on how to combine tradition and social media in B2B here and Arik Hanson looked at what to do if you hit a social media roadblock here. And of course share your ideas with us on how you look beyond products to promote your company or clients. What are some ideas that have worked? Or failed? And where do you get your inspiration?

#s, $s and @s oh my!

If you use Twitter a lot you’ll know that at times it becomes difficult to write an email or document without catching yourself inserting a #, $ or @ symbol somewhere. I’ve actually caught myself a couple of times doing this. The beauty of using these symbols is that is makes searching and following the vast streams of information easier and more efficient. As a B2B communicator here are a few of my thoughts around these helpful symbols:

#

Some of the favorite # discussions I follow include #pr20, #journchat and #blogchat where there are lively and insightful discussions, and of course I try to use #b2b as often as possible to tag content relevant to this audience.

$

If you’re not using $ signs to at least monitor what people are saying about your company/client than you could be missing out on finding supporters or emerging issues. How does StockTwits work? Here is a cheat sheet from the source itself and I posted earlier about using StockTwits as an investor relations tool here. Essentially the $ works like a # except you are using it in front of a stock, currency or commodity product to create a stream. I obviously follow $CME on StockTwits closely.

We’ve also used the $ to our advantage at CME Group where we’ve created our very own $ for Twitter interviews. Working with the team at StockTwits we created the symbol $ExchTalk to actually interview industry leaders, bloggers, traders and media. You can follow all of these online discussions here.

@

If you’re using Twitter you know that the @ symbol represents your name and identifies who you are talking with. The point I want to make is that I wish people would use the @ symbol more when they talked about brands. If you really want to have a company talk with you than use their @ in your tweet. Afterall, isn’t that one of the key elements of Twitter — to have a dialogue or conversation versus just shouting?

What are your thoughts? Are there other # discussions you like on Twitter? Have you found StockTwits usesful? Let us know.

Predictions for B2B Social Media Use in 2010

As the last in my series of 2010 prediction posts, here are some of my thoughts looking forward to the next year in B2B social media use.

  1. Social media use will grow horizontally in the B2B space. This means there will be a lot more industries that will be represented on social media than there have been thus far.  And we’re talking a lot more industries like cementing or manufacturing.
  2. Because of the horizontal and first-time occurrences mentioned above, it also means there will be some industries that will be under-represented in the social media sphere, but that will develop front runners who will get significant advantages within those respective industries.
  3. While being more accepted, there will be more boundaries placed on how many B2B industries us social media.  There won’t be so much “stuff” to play with because implementers will realize that there are particular tools that are more helpful for B2B purposes, and that there are many tools that just won’t work.
  4. Social media will be used heavily for internal use in the B2B space.
  5. There will be a lot more multimedia uses, specifically video.
  6. As for all social media marketing, it will be a question of how to interact with people rather than simply where.  This goes a long with the idea of strategy trumping tactics, but it really emphasizes putting together a fuller picture of what can be done with social media tools in B2B and applying in a more focused way.

What do you think will happen in the next year?

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