importance of digital transformation for b2b

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DIGITIZING YOUR B2B STRUCTURE THE ESSENTIALS

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If its about ecommece mainly > we should specify it (or at least narrow it to a specifc industry like FMCG)

DIGITIZING YOUR B2B STRUCTURE

THE ESSENTIALS

Indubitable evidence suggests that the B2B buying process is slowly, but surely, transforming into an online process.

The following presentation is meant to inform B2B marketers still left in the dark about the enabling effect of digital marketing strategies using actionable insights and suggestions as to how budgets should be spent.

This summary is based on the effectiveness, relevance and ROI for B2B organizations of the suggested top digital trends.

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It is not clear what this presentation is about > The first slide should be simple to understand and very clear about the reader is going to get

> structure should be:- Catching first phrase / it could be a fact- What is the presentation about - why it is important / - why should read it / what you will get as a reader

Introduction

Executive SUMMARY

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Emerging Marketing Tactics 2

Importance of E-commerce / E-business platforms 3

Final NoteTechnology enables, it’s not a panacea 4

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I. Introduction

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B2B Industry Growth1Online sales are not marginal anymoreForrester research, among others, points out that B2B E-commerce will account for more than 12% of all B2B sales by the year 2020.

Substained growth is forecastedPut simply the B2B E-commerce industry will grow ca. 7 to 8% every year

>> It’s time to jump onto the bandwagon!

https://www.forrester.com/report/US+B2B+eCommerce+Forecast+2015+To+2020/-/E-RES115957

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B2B companies’ digital maturity is below par across all industry segments

http://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/how-b2b-digital-leaders-drive-five-times-more-revenue-growth-than-their-peers

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DQ score is calculated on a scale of 0 to 100 as the average score of Culture, Strategy, Capabilities & Organization.

Graph does not sustain the titleTake away from the graph ?

AVERAGE B2B score

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Why the rapid growth?3- Industry “push” > some customers can only be

efficiently supported and found online. For instance, permitting buyers to make all their purchases online is evidently more cost-efficient and can aid growth. Ultimately this allows B2B digital leaders to turn in a stronger financial performance.

- Preference of buyers to buy online. Even B2B? 56% of buyers already do!

To review > should reveal something insightful

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B2B digital leaders’ financial performance across all in industry segments

http://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/how-b2b-digital-leaders-drive-five-times-more-revenue-growth-than-their-peers

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I would change the title to the conclusion:

Digital leaders create new revenue growth while increasing drastically their profitability

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Continuous digitization5Necessitates

- The need to pay attention all the time and stay ahead of the game!

- Adopt smart new digital marketing tactics!

- Utilize transformative digital technologies to radically reinvent E-commerce platforms!

Note > please avoid “:” in titles

Title > digitization is a continuous process

Why ?

- Competition can come from any angle as businesses transform their business models through digital technologies (i.e. google maps + smartphone vs Garmin GPS)

- New digital technologies enable new service levels (i.e. use social networks as customer service / care center)

- Competition will continuously raise the bar of service efficiency and quality (i.e. omni channel experience, automation, personalization, etc)

>> You need to stay ahead of the game, there is no second place in the digital era.

II. Emerging Digital Marketing

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Importance of Content Marketing for B2B Enterprises1A

Content marketing is shaping up to become the most influential & significant digital tactic as

● The sales process is moving more and more online, as people

○ search for new products and services online

○ learn about new trends using blogs and search engines

○ make a first evaluation of a company according to the quality of their digital assets (website, whitepapers, customer experience, mobile,...)

I change the formulation of the slides

Comment: please use bullet point instead of “-”.

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→ The creation of relevant content is one of the biggest obstacles. The most common mistakes are a lack of strategic investment and the absence of a holistic method.

Importance of Content Marketing for B2B Enterprises1B

● New digital technologies enables to nurture leads and convert them overtime into customers using qualitative content (I.e. Hubspot, Selligent)

I change the formulation of the slides

Comment: please use bullet point instead of “-”

I would add a point about video as the preferred content online for product presentation or advertising. Images are worth a thousand words, a video is worth 10 000 words or more…

+ the fact that youtube is the second search engine

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Search Engine Optimization (SEO) for B2B Enterprises2Using SEO to be found is still is as important, BUT the methods used to analyze and achieve top rankings have changed considerably;

● SEO has become less technical but more a question of content. Meta code and the creation of backlinks is not enough anymore. Therefore, has become qualitative blogging essential for B2B.

Note : Outsourcing to cheaper overseas enterprises is an option but might generate more work in the longterm as content still needs to be checked and edited.

>> Don’t do this properly and you will virtually disappear from Google Search results.

Comment > I can’t find the logic (or flow) between the bullet points you list. Some a recommendations, some are trends…

How does it support the main title “Emerging / new digital marketing” ?

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CRM & Marketing Automation for B2B Enterprises3It is believed that marketing automation is most likely to deliver quantifiable ROI for B2B organizations in the future.

Marketing automation software is a huge investment, especially for small enterprises, making measurable ROI a critical necessity.

Current technologies allow companies to do just that as they are able to track digital investments back to the leads they generate and more. It used to be only available to large corporate conglomerates as they were able to cover the costs but nowadays it is affordable to businesses of almost any size.

> this should talk about the opportunity to do “mass personalization”

I believe we can use some points from this article : http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/marketings-holy-grail-digital-personalization-at-scale

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Notable takeaways4- Email is here to stay. One simply cannot

overlook it’s importance ahead of content marketing, SEO as well as lead nurturing.

- Marketing automation is costly but can best articulate ROI.

- Video might still be seen as inferior to whitepapers and webinars but it is the rising of the moment.

- Lead nurturing is central to any marketing automation software and is predicted to become another important digital marketing tactic.

reformulate according to section title “Emerging / new digital marketing”

Take aways i would put:- Email still has the best ROI on the market thanks to its simplicity, directness, customizability and scalability.

- People still see marketing as a cost center where digital marketing enable to track very precise ROI

- Each stage of the sales funnel requires a different type of content (from awareness, to consideration, to closing, to cross-selling,...)

III. Importance of E-commerce / E-business

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It should also mention E-business as E-commerce only might be to narrow

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Primary Reflections1The B2B buyer journey is more complex as it is more layered than B2C consumer journeys. As we’ve discussed earlier this requires more advanced, read digitized, CRM.

Several principles can logically be adopted from B2C platforms such as;

- Intuitive navigation- Filtering by multiple attributes- HQ visualizations- Product bundling- Responsive design- Easy searching - ...

→ However, B2B E-commerce requires a powerful feature-heavy platform.

DO MORE WITH LESS

It should also mention E-business as E-commerce only might be to narrow.

The point you are trying to make is not clear (same for slide 18) > please review with me.

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Key Features2Running a succesful B2B E-commerce platform requires know-how and expertise. Moving your customers online can and will unlock a huge number of opportunities with huge potential;

- Allows the capture of transparent user identities, simplifies onboarding processes and makes the customer experience more customized and therefore more personal.

- Optimized lead generation and increased customer acquisition through proven visual merchandising and marketing tactics already adopted in the B2C sphere.

- Implements a flawless cross-channel browsing experience, including mobile.

→ Respecting the essentiality of these features is highly likely to lead to an increase in customer loyalty!

IV. Technology enables, it’s not a panacea !

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Here you say: technology enables, it is not a cure for everything.

I believe it should the other way around:

>Technology is not a panacea, it only enables the cure.

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Final Note

Industry leaders have already revolutionized their B2B business through an adoption of the new digital technologies. B2B oriented enterprises should best take both content marketing, E-commerce and marketing automation seriously. The learning curve is steep but never unsurmountable.

As internal and external best practices have been optimized to such an extent, businesses are only able to differentiate through image. This image is supported by the creation of relevant content. This dynamic is the same for B2B ventures and can be reinforced using marketing automation and advanced CRM to adequately link marketing with sales departments.

Technology is valuable. It speeds things up, brings efficiency to repetitive tasks and illuminates patterns too hard to spot with the naked eye. Digitization should be embraced.

But first ask – What is the question I’m trying to answer?

To which part does it relate ?Is is a conclusion for the overall presentation or an extra point?

If it’s a conclusion, I would put the following points:

- B2C digital marketing is flowing over to B2B > some lack to understand that it has become essential

- Additional, customer experience and new (technology enabled) service levels are becoming a major differentiation point in B2B

- Big and smart data represent new opportunities for product development and service design. Besides it lays down the roots for mass personalization of products and services through automation.

WE BELIEVE LIFE SHOULD BE MADE OF GREAT DIGITAL EXPERIENCES

Lorenzo del MarmolCo-Founder & Manager

[email protected]+32 477 720 430

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Written by:Maxime Van der AaDigital Project Manager