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Secrets of B2B Social Media & WOM Marketing

Zuberance Webinar

September 21, 2011

2

Justin Dorfman, support engineer, NetDNA

Generated over $300K+ sales for CDW as result of his WOM recommendations

CDW has paid Dorfman: $0

Recommends CDW because of reliable, personalized service

Meet CDW’s Best Marketer

►81% surveyed CDW customers are Advocates

3

1. Share secret of B2B social media marketing success

2. Real-world B2B case studies

3. Practical tips to get social media marketing results now

Today’s Objectives

4

Today’s Special Guest

Really smart person

Laura Messerschmitt, VP Marketing, Outright

5

Award-winning online WOM marketing company

Focus: Turning Advocates into powerful marketing force

Customers: Leading B2B & B2C brands

Brought to you by...Zuberance

Energize Brand Advocates

6

Zuberance WOM Marketing System

“How likely are you to recommend us?”

Identify Brand Advocates

Advocate Reviews

Advocate Stories

Advocate Answers Advocate OffersTracking & Insights

Social, Digital, Mobile

7

Where Zuberance Fits In

Listen Social media

listening tools

EngageFacebook,

communities, reviews

Marketing Value

Marketing ROI

Social Media Products & Services

EnergizeGenerating

leads & sales

Zuberance

8

How to Find & Energize your Advocates

EnergizeHow to Turn Fans, Followers, and Enthusiastic Customers into Social Media Marketing Machines

rob@zuberance.com

Coming in 2012...

9

You Have a Tough Job

50%

46%

44%

Generating more leads

Reaching decision makers

Improving lead

quality

Source: Forrester, MarketingProfs

Top 5 B2B Marketing Challenges

10

CMOs’ Online Marketing Woes

Only 5% CMOs rate their companies’ online

marketing performance as excellentSource: CMO Council, 2011 State of Marketing

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Average CMO Tenure: 23 Months

Source: Spencer Stuart

12

Secret B2B Marketing Weapon

Your “Brand Advocates”

13

WOM Marketing is 10X more

effective than traditional marketing

Tweet This

90% buyers trust WOM; 14% trust ads

WOM 20 to 50X more influential than ads

50% or more of business comes from WOM

Sources: Nielsen, McKinsey

14

WOM Mktg vs. Traditional Mktg

30%

Conversion Rates

WOMM

2.5%

OnlineMarketing

LeadsPer 100K Emails

WOMM

6K

70K

BrandeMail

CustomerAcquisition Costs

WOMM

$25

$100

TraditionalMarketing

15

WOM Champions = Brand Advocates

Highly-satisfied customerswho pro-actively recommend brands or products without being paid to do so.

►Beyond like, loyalty, or satisfaction

16

Advocates

Fans

Followers

Loyal Customers

Engaged Customers

Advocates are Different & Powerful

5X more trusted than ads

50% more likely to influence purchases than other customers

2X more active content creators

4X more likely to share great product experiences

#1 Motivation: Help others

Sources: Nielsen, Comscore, Yahoo!; University of Rhode Island research study

17

Surprise! B2B’s have lots of Advocates

Category Company Type or Product Category % of Advocates

B2B IT Reseller 81%

B2B Accounting software 76%

B2B Software for SMBs 73%

B2B Internet file transfer service 71%

B2C/B2B Security software 70%

B2C/B2B Graphic design software 62%

B2C/B2B Security software 50%

B2B Email marketing services 59%

B2B Project management software 54%

B2B Web design software 51%

B2B Graphic design software 51%

B2B Video editing software 40%

B2B Cable services for business 39%

B2B Telecommunications 24%

Source: Zuberance

18

39% of loyal customers are “WOM Champions”

Loyal Customers are Advocates

Source: Colloquy

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Decision Maker

Influencer

Gate-Keeper

End-User

Manager

Champion

Technical Buyer

Economic Buyer

Consultant

One Account, Thousands of Advocates

20

Secret to B2B Social Media Marketing?

21

Generate qualified leads and sales

Cut customer acquisition costs by 50%

Amplify positive WOM

Fight negative WOM

Turn likes into leads

Get more success stories

Measurable Benefits Fast

Turn Advocates into Marketing Force!

22

Identify Your Advocates

How likely are you to recommend our brand or products to your friends?

“Ultimate Question” for Customer Loyalty

23

Microsoft SMB Identifies Advocates

Microsoft SMB Advocates

24

Ask Ultimate Question in Many Places

Email

Web

Social

Call Center

Product

Packaging

25

How B2Bs Energizing Their Advocates

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CDW Advocates Write Reviews

39% of CDW Advocates Write Reviews

27

YouSendIt Advocates Write Stories

4,000 stories in 3 weeks!100% CTR for stories shared by Advocates

28

Advocates’ Social

Networks

• FB

• Twitter

• LinkedIn

• Google+

Shopping Sites

• Amazon.com

• CNET

• BestBuy.com

Other

• Advocate’s Email

• Brand’s Website

• Blogs

Amplify Advocates, Reach Prospects

Advocate Reviews, Stories, Answers, Offers

Put Recommendations Where You Want Them

29

Webroot Amplifies Advocates

Double Conversion Rates by Putting This on Buy Pages

30

Ooma Advocates Answer Qs

2. Prospect asks question 3. Opted-in Advocates get email with question

4. Answers sent to Prospect with offer

1. Prospect clicks on banner

5. Prospect places order

31

Microsoft Advocates Generate Leads

80% CTR for offers shared by Advocates

Adobe Mobilizes Advocates

32

Increases Ratings from 3.5 to 4.25 for Black Friday

33

1. Don’t pay Advocates

2. Make Advocate/WOM marketing part of ongoing marketing mix

3. Get an Advocate system (scale, tracking)

3 Best Practices

34

Today’s Special Guest

Laura Messerschmitt, VP Marketing, Outright

35

80% Intuit Sales Driven by WOM

$3.1

$0.8

WOM

36

Negative WOM Costs Intuit Sales

37

Intuit Identifies Advocates

68% are Advocates

EmailNewslettersIn-product

38

Intuit Energizes Advocates

Average star rating 4.8/5.0Advocate Reviews

39

Intuit Turns Advocates into Sales Force

40

Intuit Expands Advocate Army

500,000+ Intuit Advocates

41

What % of your business comes from WOM?

Results of Real-Time Poll

a. Less than 25%

b. About 25%

c. About 50%

d. More than 50%

42

Download This Now...

43

Learn More

44

Q&A

rob@zuberance.com

Energizing Brand Advocates

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