Showing posts with label Email Marketing Companies. Show all posts
Showing posts with label Email Marketing Companies. Show all posts

Thursday, May 17, 2018

Does Social Marketing Really Make Dollars and Cents?

Digital marketing is an investment. It takes time to mature before it can pay you back.


Opinions expressed by Entrepreneur contributors are their own.
This is a question that has plagued us for years and we have spoken to many “experts,” but they seemed to be speaking in another language. We are not the professional online marketers they usually have as students. 

We are regular small business owners looking for advice we can understand and apply. We decided to ask Claudia Sheridan, a social marketing practitioner who specializes in small and medium-sized businesses like ours. After our initial meeting with Claudia, she was able to explain the various facets involved in digital marketing and how they work together to produce results -- in terms we could understand!

does-social-marketing-really-make
Source : http://aiesec.be/ktun-social-marketing-ngo/


1. The Big Picture
Michael & Bonnie: We've spent hundreds of thousands of dollars over the years on social marketers. We found that generally speaking, they understood one or two parts of the puzzle but didn't have a comprehensive picture and certainly couldn't deliver all the details necessary to make it happen.

Typically, they would create and charge us for a funnel and put a lot of emphasis on landing pages but could not get many people into the funnel. 

Can you outline for us the various different aspects of social marketing that have to be in place to make it work?
Claudia: Social marketing is a part of a much larger concept, that isn't really talked about. We think about social media and lead generation but rarely do marketers talk about all of the different aspects involved with Digital marketing, which is what businesses, in my opinion, really need to focus on.  It's not one aspect of the available websites and tools, but rather how to make the different components work together in an effective and efficient manner that produces the desired results.

When looking to work with a marketer, look for one that understands the digital marketing landscape and can identify how the elements can best work for the goals you're trying to accomplish.  For example, a company may want to utilize a social media channel, such as Facebook, to generate awareness and build their brand. They may decide to place an ad and make an offer but they rarely consider the stages at which the prospect is within the buying journey.

This reminds me of a stranger on a street corner who offers to sell you a fake watch from the lining of his coat.  It may capture your attention, or you may walk away. There is no friendship here, no relationship, no trust. 

What there is, however, is doubt. And, who wants to build a business relationship based on doubt? 

So then, what does this process look like?  

And, the answer is that it varies on the strategy that is being used.

Related: 7 Creative Ways to Boost Your Social Media Strategy

2. Metrics vs. Results
Michael & Bonnie: When we've dealt with social marketers in the past, they have tried to tell us that the likes, clicks, and shares, somehow resulted in increased business. But we found that it actually increased our overhead to maintain a current and interactive online presence. Further we've seen no substantial increase in business as a result of our investments in social marketing. 

What would you say to a client who has had that unfortunate experience before coming to you?
Claudia: I think that entrepreneurs are always on the lookout for that one thing, that silver bullet, that will generate a large amount of business for them.  In 2011-2012, commenting, liking and sharing would have done the trick, but today, that is no longer the case. 

Today, to be successful on Facebook, it means that you need to play within Facebook's rules and adapt accordingly. More importantly, it means that you need to have a clear marketing strategy that can be executed, tested, measured, optimized and is able to adapt to Facebook's changes. This isn't a linear strategy, but an iterative one that is constantly evolving.

Related: How to Build a Social-Media Strategy That Works

3. Changing Rules
Michael & Bonnie: It seems like every six months the rules change on social marketing. Just when you get set up, it seems like the rules change and you have to go back and reorganize. 

How can you anticipate and mitigate these changes?
Claudia:  The rules do change, and although the changes seem to be significant, they're really not.  If a business has actively been participating in Facebook marketing, executing their strategy and making adjustments along the way, then as we learn of a new Facebook change, it just becomes a slight adjustment in the strategy.  

Facebook's changes, however, can appear colossal to companies who are not actively monitoring their Facebook marketing or do not have a solid strategy in place that they're following.   
It's kind of like joining the gym every January.  If we had just stuck with the workouts that the fitness trainer laid out for us on day one, and we committed to working out a few times a week and eating right, then going to the gym after the holidays would be just another day.  But if we joined in January, stopped going in February, only to join back up 11 months later, the goal of getting into shape is much more daunting.  

We don't expect to walk into a gym on day one and walk out two hours later with six-pack abs, do we?  
Yet with Facebook, we expect immediate return with very little effort and get frustrated when the work-out has changed.

Related: Social Media Marketing Is a Lot Tougher With Trust in Social Media Plunging

4. Overload
Michael & Bonnie: Don't you think people are getting too many emails from social marketers? I know that I now have a setting on my Outlook that can take all those emails and put them on a lower priority profile. 

How do you get your clients prospects to open the emails in the campaigns you organize for them?
Claudia: If marketing was a pie, then email marketing should make up another piece of that pie. There are some companies who are amazing at email marketing and others who could use a little refinement. To get a prospect to open emails, you need to send them the right message at the right time. 

The question then becomes, how do you know when that is?  
Well, with a good email system, you can segment your audience to deliver messages that best resonate with their needs.  Often with email marketing, businesses will craft a single message and broadcast it to their entire list, without consideration to where each person is within the customer journey.  But, if the email message aligned with the stage the customer was in, then the email is more likely to be opened and valued.

Related: 3 Ways to Avoid Creepy Marketing Practices and Build Trust With Your Customers 

5. Expense or Investment?
Michael & Bonnie: What advice can you give to our readers so they will have a better understanding of what to expect from social marketing? 
Claudia: I think the most important thing to remember is that social media marketing should never be the only method of marketing a company engages in. Work with someone who understands the digital marketing landscape and how the different elements fit together to accomplish the goals you're trying to accomplish. Digital marketing should be viewed as an investment, not an expense. And as with any investment, it often takes time to mature before it can pay you back. Finally, make sure that there's a strategy and work that strategy.

6 B2B Marketing Campaign Ideas to Power the Middle of Your Funnel

Ah, the often overlooked middle of the marketing funnel — even the most thoughtful marketers often fail to create dedicated content that speaks to the unique needs of buyers in this critical step between helping your audience realize they have a problem and that your company has the best solution.

In this second post in a three part series, we are diving into B2B marketing campaigns that will help you activate buyers already in your orbit and push them down to the bottom of your funnel and into the hands of your capable sales team.

First, let’s remember the job of middle of the funnel contnet in relation to other content and campaigns in your marketing mix:

Top, Middle, and Bottom of the funnel
  • Top funnel: Light, widely-appealing, brand-building campaigns that appeal to an audience that has the potential to be interested in what you’re selling.
  • Miss the first piece in this series? Check out campaign types and examples to power the top of your funnel here
  • Mid funnel: Campaigns that connect the dots between the prospect’s pain and interests and your product’s benefits.
  • Bottom funnel: The potent, high-converting stuff. Case studies with compelling statistics and super-relevant, industry-specific scenarios.
  • Foundation set, let’s jump in…

    The Marketing Funnel : B2C vs B2B
    6-Middle-Funnel-B2B-Marketing-Campaign-Types
    Source : https://www.google.com/imgres?imgurl=https%3A%2F%2Fwww.snapapp.com%2Fsites%2Fdefault%2Ffiles%2FB2C%2520vs%2520B2B.png&imgrefurl=https%3A%2F%2Fwww.snapapp.com%2Fblog%2Flead-generation-funnel&docid=aEls8wma38vT6M&tbnid=-QTnrgd2XmdGuM%3A&vet=10ahUKEwizmJnD_4rbAhXJdn0KHf91CxkQMwhQKAwwDA..i&w=3507&h=1920&safe=active&bih=529&biw=1280&q=6%20Middle%20Funnel%20B2B%20Marketing%20Campaign%20Types&ved=0ahUKEwizmJnD_4rbAhXJdn0KHf91CxkQMwhQKAwwDA&iact=mrc&uact=8

     
    With top funnel content bringing in leads that resonate with your demand gen material, the middle funnel content is where you start tying those needs and pains to your product or service.
    Middle funnel marketing talks directly to your audience, and convinces them you’re the only solution for them.

    For this reason, competitor comparisons and qualification campaigns are used to facilitate the hand-off between marketing and sales; a prospect with more knowledge of your product benefits is a prospect more likely to buy.

    Here are some of the most effective middle funnel B2B campaign types.
    • Competitor comparison campaigns
    • Competitor comparison campaigns aim to position your company ahead of the competition by providing one-to-one feature/ benefit comparisons.
    • The KPIs to track include demo requests, lead quality, and attribution by source.


    The SaaS form market is a crowded space, with many established names vying for dominance both against each other and against widely-used free incumbents like Google Forms.
    Jay Baer shares the strategies behind this great middle funnel tactic in a detailed blog post. 

    In it, he advises:
    “Don’t just create landing pages that shout “We’re better than they are!” Another page that hypes your benefits doesn’t differentiate this campaign from the rest of your site. Instead, research the real differences between your product and its competition. Then, share your findings.”

    Here’s the variation for Google forms…
    …But when it comes to how the company stacks up against Survey Monkey, Jay took a different approach:

    Both snippets from these two related landing pages use the same structure, but agitate the lead’s pain points in different ways.

    Google Forms users are looking for more form field types (“Do more than Google Forms with Formstack’s 15 field types”), whereas a Survey Monkey user might be frustrated with the rigidity of the tool (“Formstack lets you do so much more than just surveys. Streamline your department’s workflows by…”).

    Social Proof retargeting campaigns According to AdRoll, only 2% of prospects convert when they first meet your brand.So what can you do to re-engage the 98% of lost opportunities?
    Short answer: retargeting.

    Retargeting allows you to reach prospects that have shown some sign of interest in your content or website. While they might not strictly be 100% ready to buy, they’re more qualified than someone who found you through top funnel campaigns because they’ve already shown enough interest to engage with your brand.

    How much more qualified, you may ask? According to Criteo, website visitors that are retargeted with displays ads are more likely to convert by 70%.One powerful driver of conversion is social proof.The social proof psychology principle says that when people are uncertain, they’ll most likely look to others for behavioral guidance — Angie Schottmuller BrightLocal found that 88% of people trust the opinion of your consumers as much as they trust recommendations from personal contacts. 

    Social proof retargeting campaigns leverage this element of human psychology and trust by association. Example: Pipedrive 

    This Pipedrive ad lays the social proof on thick with reference to its 50,000 customers and claim that it’s the leading sales management tool for small teams.Any small teams that are also evaluating bigger, more expensive CRMs would be more inclined to give Pipedrive a closer look after seeing it reframed as a tool for a business of their size.
    Example: AdEspresso 

    AdEspresso used facebook ads to retarget people who had already visited the website. The ads use customer testimonials to build social proof and move leads further down the funnel to a free trial:

    There are a couple things I really like about this mid-funnel campaign example:
  • The social proof directly addresses the friction points of potential customers
  • The user can get a free trial without entering their credit card information

  • The ad builds trust, clearly communicates the value proposition and overcomes objections.
    This campaign generated 38,456 impressions, 181 clicks and 40 conversions with a budget of $98.18!

    Opportunity-to-close Campaign
    Just because you’ve piqued a lead’s interested doesn’t mean you can give up the marketing and let sales take care of the rest. Similar to retargeting, there’s a lot to be gained from turning your attention towards your existing database instead of chasing more new leads.

    Recommended for You
    Webcast, May 22nd: How to Hit a Home Run Competitive Brand Audit
    Equipped with CRM data, you can create more personalized campaigns that improve response rate and guide the lead to your sales team.

    An opportunity-to-close campaign uses your existing open opps as a custom audience to get re-establish mindshare and build credibility.To measure the campaign, you’d look at whether the leads who have seen the ads or content have been in touch with sales again, or signed up for a demo. Example: Sumo 

    This campaign targeted a very specific set of users — those that have tested Sumo and have under 5,000 visits per month. Perhaps the low traffic to their site put them off, but Sumo’s here to sell a solution for 40% off when you buy an annual plan.

    This ad is effective because it’s targeting such a tiny segment of Sumo’s audience with messaging that would appeal to small, conversion-hungry businesses that have already made an investment by installing Sumo on their site.

    Self-Qualifying Campaign
    Leads are often happy to share more information about themselves, especially if it’s framed in a way that benefits them. That’s where self-qualifying campaigns come in.The goal is to get some kind of input from the lead which indicates their current stage in the buying cycle. 

    With that information in your CRM, the marketing team will be better equipped to serve the right nurturing campaign, and your sales team go in for the close only when the lead is hot. 

    Examples of self-qualifying campaigns include calculators, assessments, or even email marketing campaigns asking the reader to click a link that best describes an aspect of their business.
    Example: Iron Mountain 

    This calculator is ideal middle funnel content to help ease the hand-off between marketing and sales. It gathers specific information about the lead’s recurring costs, office size, and staff salaries before presenting the user with a savings estimate.

    This helps overcome the lead’s ROI doubts, and asks them to share their email address before redirecting to a slide deck download.

    The deck is packed full of hard benefits and the phone number of Iron Mountain’s sales team, which will help guide prospects to purchase more quickly and with less friction.

    Soft Qualifier
    Want to generate more leads with viral content and collect invaluable data your sales team can use to close deals? Use a soft qualifier in your campaign, such as a quiz. These campaigns generate wide awareness and qualify prospects without the friction of long-form gated content.

    To judge how successful a soft-qualifying campaign is, look at both middle funnel metrics like sign-ups and demos, but don’t ignore awareness KPIs like social shares and page views.
    Example: Paradigm Life 
     
    Paradigm Life is a digital wealth management firm with clients all over the US and Canada. The company uses SnapApp to create “soft-qualifying quizzes”.

    For users, these quizzes combine the fun of knowledge tests with a learning experience. Marketers love the quizzes because they provide information that helps educate and nurture the lead, helping the sales team by convincing the user of the benefit of the services:

    With an average click rate of 50%, and lead conversion rate of 40%, interactive content like quizzes work on autopilot, feeding you the contact details of leads that come educated, qualified, and ready to buy.

    Competitor direct mail campaign
    Email marketing is the standard, proven way to nurture leads and generate sales, but in the age of inbox overload it’s the marketer who isn’t afraid of getting personal that stands out.

    Let’s face it, in this climate it’s unlikely your competitor is trying to engage and convert leads with direct mail.

    So, why not use that open opportunity to give your target market the attention they’re missing?
    A competitor direct mail campaign agitates common pain points, and its goal would be to direct recipients to a custom landing page URL which they’ll find printed in the letter.
    Example: Workfront 

    This is the perfect example of a brave company seizing a big opportunity. When one of Workfront’s competitors announced it was closing down, the management software company ran a targeted direct mail campaign using predictive analytics to identify premium prospects.

    The campaign wasn’t something simple like a postcard, though. It had a Valentine’s day theme.
    “Many of the premium prospects enjoyed receiving the flowers, especially as these were unexpected. The biggest problem with DM is getting people to open it, but who’s going to ignore a big bouquet of roses on their desks?” explains Workfront’s marketing director, Jada Balster.”
    The DM referred recipients to uniquely-named URLs and used the Valentine’s day metaphor to make prospects feel like they were being ‘dumped’ by the competitor.

    The campaign was a smash hit. From the 2,000 recipients (500 with flowers, 1,500 with Valentine’s day cards), Workfront generated 7 qualified sales opportunities with a pipeline value of over $370,000.

    The Power of the Middle of the Funnel
    Planning to incorporate some of these middle of the funnel B2B marketing campaign ideas into your strategy will help your buyers connect your solution with their pain points.
    But remember, the middle of the funnel, while critical, is only one step for your buyers.

    Email Marketing Companies

    New Research: 59% of B2B Companies Do Not Use Email Marketing!

    Email-Marketing-Companies
    Source : https://venturescannerinsights.wordpress.com/2014/09/19/company-in-spotlight-totalsend/

     

     

    SuperOffice, Europe's leading Customer Relationship Management (CRM) provider, has conducted a new study in which it discovered that a large number of B2B companies do not utilize the whole potential of email marketing. While almost two-thirds of all companies surveyed are not using email marketing at all, the remaining 40% that do, do not follow best practices in email marketing.

    OSLO, Norway (PRWEB) May 15, 2018
    In its recent study, SuperOffice has found out that 59% of B2B companies do not send out email marketing campaigns to their subscribers.

    Email marketing delivers a $40 return for every $1 spent. No other marketing channel comes even close. In fact, 87% of B2B marketers use email marketing to generate new leads, while 31% of B2B marketers cite email marketing as the channel that makes the biggest impact on revenue.

    Given how important email marketing is for B2B brands of all shapes and sizes, SuperOffice wanted to explore the state of email marketing to understand how it's being used today.

    With this new study, which analyzed 1,000 B2B companies, SuperOffice wanted to find out exactly how companies are using email to communicate with their audience.

    "The importance of email marketing cannot be underestimated. Or, at least we thought so! In order to evaluate the current state of email marketing practices in the B2B world, we decided to conduct our own research, which turned out to be a real eye-opener. 

    Without over exaggerating, this study is a must-read for all marketing experts out there," says Jennifer Lim Lund, Chief Marketing Officer of SuperOffice AS.

    To conduct the research, SuperOffice created a new email address and then used it to sign up for newsletters from a mixture of small, medium and large B2B organizations.

    Before the study, SuperOffice assumed that email is an important marketing channel for B2B companies, and that all companies would send at least one email within the 90-day test period.

    Yet, the results of the study demonstrated a different picture. Only a handful of companies offered email marketing communication that reflected standard best practices.

    Here are the key findings from the study:
  • 59% of B2B companies do not use email marketing
  • 8% of all email campaigns failed to include an unsubscribe link
  • The average send-out frequency for email campaigns is 1 every 25 days
  • Nearly 1 in 5 email campaigns was not optimized for mobile devices
  • 89% of all B2B email campaigns were sent from a company name

  • This unique report offers a detailed analysis of the findings and comes up with 7 best practice email marketing tips, based on the best performing B2B companies.

    Read more about the new research, its findings and implications here.

    About SuperOfficeDriven by a passion for Customer Relationship Management (CRM), SuperOffice makes award winning CRM software for sales, marketing and customer service. As the leading European CRM provider, SuperOffice is trusted and used by more than 6,000 companies.

    For the original version on PRWeb visit: http://www.prweb.com/releases/2018/05/prweb15485150.htm