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Social Media
  for B2B/Enterprise
               Dr. Augustine Fou
               http://linkedin.com/in/augustinefou
               Marketing Science Consulting Group, Inc.


May 21, 2012                                              1
Top Marketing Challenges
in B2B




May 21, 2012               2
Empowered customers…
         • Research products online

         • Find information via search

         • Trust peers most

                         Source: Forrester Research Q3 2010
May 21, 2012                                                  3
Generating Quality Leads

      “Carpet Bombing”         “Surgical Strike”
      using traditional        enabling the right
      advertising like print   potential customer
      ads, hoping the right    find exactly the info
      person would see it.     they need to inform
                               their purchase.


May 21, 2012                                           4
Very Long Sales Cycles
      If sales cycles are “years” and not months,
      how do you effectively cultivate valuable
      prospects during their long “consideration”
      phase?

      In-person sales calls are costly; self-serve
      social media is less expensive and longer
      lasting.
May 21, 2012                                         5
Adding Perceived Value
      Beyond the features and
      functionality of the product itself ...

      … timely and relevant service and
      support through social channels
      adds perceived value.
May 21, 2012                                    6
Case Examples

May 21, 2012    7
B2B – Software/Services
   Client Challenge:
   Client sells commodity trading software
   platforms. Traditional marketing using
   trade journals, tradeshows, and in-
   person sales force was limited and not
   measurable.

   Solution Overview:
   Use social media combined with search
                                             [X]
                                             Client Name Withheld
   insights to identify and cultivate
   prospective buyers and allow new ones
   to self-identify over very long sales
   cycle.


May 21, 2012                                                        8
B2B – Information Services
   Client Challenge:
   Sales of company profile reports were
   declining drastically. SEM and SEO
   were already maxed out. Company
   needed to identify new products/services
   with high margins.

   Solution Overview:
   Leveraged their historic reputation to
   create a trust community of member
   businesses, enabling them to move away
   from selling information to selling trust.



May 21, 2012                                    9
B2B – Medical Devices
   Client Challenge:
   Physicians were increasingly turning to
   online resources to find information about
   these products; there was a lot of negative
   content from a prior recall that was
   dominating search results.

   Solution Overview:
   Use analytics to identify what physicians
   were looking for; create new content
   including demo videos that could be used
   to “jump to the head of the line” in search
   results.


May 21, 2012                                     10
B2B – Pharmaceutical Drug
        Client Challenge:
        The Client’s new drug was being
        launched into a mature market
        dominated by 2 main competitors’



                                                 [X]
        drugs. Salesforce and in-person events
        were being scaled back.

        Solution Overview:
        Use search and social media to
        understand physician’s information       Client Name Withheld
        needs. Created iPad app which educated
        physicians on the specific points they
        were asking about (helped make limited
        sales calls more impactful).


May 21, 2012                                                            11
B2C – Fashion Wholesaler
   Client Challenge:
   Client has been a fashion wholesaler
   and has never directly interacted with
   consumers. It needed to jumpstart
   direct sales through ecommerce.

   Solution Overview:
   Use ecommerce website to get a real
   time pulse on what consumers
   demand, in order to inform supply
   chain and retail partners.




May 21, 2012                                12
B2B – Intel Enterprise
      Client Challenge:
      Reach hard-to-find IT professionals
      more frequently than once at year at
      their developer conferences; provide
      enough detailed, technical information
      to support large purchases.

      Solution Overview:
      Use video demos with properly SEOed
      transcripts on YouTube to allow super-
      technical IT professionals to find
      specific content to address their
      questions.


October 20, 2011.                              13
So what?
   “It is more critical than ever for b2b
   companies to leverage digital channels and
   tactics to reach customers and let the right
   customers reach them in very long-lead-time
   sales cycles and big ticket purchases.”

                            - Dr. Augustine Fou

May 21, 2012                                      14
Dr. Augustine Fou – Chief Digital Strategist
  Dr. Augustine Fou is an industry-recognized thought
  leader in digital strategy, search and social media
  marketing and former Group Chief Digital Officer of
  Omnicom's Healthcare Consultancy Group. Dr. Fou has
  over 16 years of management consulting and digital
  strategy consulting experience, advising CMOs,
  marketing executives, and global brands. He pioneered
  the application of the Unified Marketing™ framework
  to optimize marketing across both traditional and
  digital channels and tactics.

  FORMER CHIEF DIGITAL OFFICER, HCG (OMNICOM)
  MCKINSEY CONSULTANT
  CLIENT SIDE / AGENCY SIDE EXPERIENCE
  PROFESSOR AND COLUMNIST
  ENTREPRENEUR / SMALL BUSINESS OWNER
  PHD MATERIALS SCIENCE (MIT '95) AT AGE 23


     ClickZ Articles: http://www.slideshare.net/augustinefou
     LinkedIn: http://www.linkedin.com/in/augustinefou
May 21, 2012   646 867 0826                                    acfou@mktsci.com   15

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Social Media for B2B Enterprise by Dr Augustine Fou

  • 1. Social Media for B2B/Enterprise Dr. Augustine Fou http://linkedin.com/in/augustinefou Marketing Science Consulting Group, Inc. May 21, 2012 1
  • 2. Top Marketing Challenges in B2B May 21, 2012 2
  • 3. Empowered customers… • Research products online • Find information via search • Trust peers most Source: Forrester Research Q3 2010 May 21, 2012 3
  • 4. Generating Quality Leads “Carpet Bombing” “Surgical Strike” using traditional enabling the right advertising like print potential customer ads, hoping the right find exactly the info person would see it. they need to inform their purchase. May 21, 2012 4
  • 5. Very Long Sales Cycles If sales cycles are “years” and not months, how do you effectively cultivate valuable prospects during their long “consideration” phase? In-person sales calls are costly; self-serve social media is less expensive and longer lasting. May 21, 2012 5
  • 6. Adding Perceived Value Beyond the features and functionality of the product itself ... … timely and relevant service and support through social channels adds perceived value. May 21, 2012 6
  • 8. B2B – Software/Services Client Challenge: Client sells commodity trading software platforms. Traditional marketing using trade journals, tradeshows, and in- person sales force was limited and not measurable. Solution Overview: Use social media combined with search [X] Client Name Withheld insights to identify and cultivate prospective buyers and allow new ones to self-identify over very long sales cycle. May 21, 2012 8
  • 9. B2B – Information Services Client Challenge: Sales of company profile reports were declining drastically. SEM and SEO were already maxed out. Company needed to identify new products/services with high margins. Solution Overview: Leveraged their historic reputation to create a trust community of member businesses, enabling them to move away from selling information to selling trust. May 21, 2012 9
  • 10. B2B – Medical Devices Client Challenge: Physicians were increasingly turning to online resources to find information about these products; there was a lot of negative content from a prior recall that was dominating search results. Solution Overview: Use analytics to identify what physicians were looking for; create new content including demo videos that could be used to “jump to the head of the line” in search results. May 21, 2012 10
  • 11. B2B – Pharmaceutical Drug Client Challenge: The Client’s new drug was being launched into a mature market dominated by 2 main competitors’ [X] drugs. Salesforce and in-person events were being scaled back. Solution Overview: Use search and social media to understand physician’s information Client Name Withheld needs. Created iPad app which educated physicians on the specific points they were asking about (helped make limited sales calls more impactful). May 21, 2012 11
  • 12. B2C – Fashion Wholesaler Client Challenge: Client has been a fashion wholesaler and has never directly interacted with consumers. It needed to jumpstart direct sales through ecommerce. Solution Overview: Use ecommerce website to get a real time pulse on what consumers demand, in order to inform supply chain and retail partners. May 21, 2012 12
  • 13. B2B – Intel Enterprise Client Challenge: Reach hard-to-find IT professionals more frequently than once at year at their developer conferences; provide enough detailed, technical information to support large purchases. Solution Overview: Use video demos with properly SEOed transcripts on YouTube to allow super- technical IT professionals to find specific content to address their questions. October 20, 2011. 13
  • 14. So what? “It is more critical than ever for b2b companies to leverage digital channels and tactics to reach customers and let the right customers reach them in very long-lead-time sales cycles and big ticket purchases.” - Dr. Augustine Fou May 21, 2012 14
  • 15. Dr. Augustine Fou – Chief Digital Strategist Dr. Augustine Fou is an industry-recognized thought leader in digital strategy, search and social media marketing and former Group Chief Digital Officer of Omnicom's Healthcare Consultancy Group. Dr. Fou has over 16 years of management consulting and digital strategy consulting experience, advising CMOs, marketing executives, and global brands. He pioneered the application of the Unified Marketing™ framework to optimize marketing across both traditional and digital channels and tactics. FORMER CHIEF DIGITAL OFFICER, HCG (OMNICOM) MCKINSEY CONSULTANT CLIENT SIDE / AGENCY SIDE EXPERIENCE PROFESSOR AND COLUMNIST ENTREPRENEUR / SMALL BUSINESS OWNER PHD MATERIALS SCIENCE (MIT '95) AT AGE 23 ClickZ Articles: http://www.slideshare.net/augustinefou LinkedIn: http://www.linkedin.com/in/augustinefou May 21, 2012 646 867 0826 acfou@mktsci.com 15