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The myth of social media’s
irrelevance in the business to
        business arena

           #MHsem
   Madhouse Associates Seminar
        21 October 2010


                1
10 seconds on us
What we’ll cover today
     Is social media relevant for your business?

     Setting strategy

     How to make the most of Twitter

     How to make the most of LinkedIn

     How will you measure success?

     Next steps for you







                               3
Why bother?
Do you strive for:

   greater share of voice in your industry

   platform to show expertise                95% of new media
                                               users believe
Another route to media relations
                                             companies should
Reputation management                         have a presence
SEO - what does google say about you             on Twitter
Brand loyalty
                                              (Tealeaf&Cone)
Attract and retain customers and staff

Find business partners

Drive web traffic



                                4
Social media is a waste
          of time
36% of B2B execs surveyed said there was low
executive interest in social media in their
company, compared with 9% of B2C marketers
who said the same.

46% of B2B respondents said social media was
perceived as irrelevant to their company, while
only 12% of consumer-oriented marketers had
the same problem.

(emarketer.com)
Oh really...
More than half (53.5%) of marketers surveyed said they currently use
social media as part of their marketing strategy. This is up from
2009, when 45.0% of marketers said they used social media for
marketing. (btobonline.com)

86% of B2B companies using social v 82% of B2C (bizreport.com)

According to an eMarketer study, B2B online marketers focus on lead
generation (38%), retention (34%) and awareness (28%). 
(emarketer.com)

The top applications for the use of social media for b2b marketers
are thought leadership (59.8%), lead generation (48.9%), customer
feedback (45.7%) and advertising on sites (34.7%). (btobonline.com)
It’s not an island
new research shows 70% of
US journalists use social
media to assist in their
reporting - up from 41% in 09
(journalistics.com)

B2B advertisers see cross-
media marketing as most
effective; 78% combine three
or more major marketing
methods. (outsellinc.com)
Creating your content and
         sparking conversations
                            listening

Your stories/
 thoughts/               Microsite news page / your blog
  insights/
  products                      Social media:              social book
                           Twitter/Linkedin - text          marking:
                            Tubemogul - video               Digg etc
         Consumer              Flickr - images
Trade      media:
media       local
          regional
          national      Supplier & partner
        on and offline    websites / blogs
Strategy
Whats your business objectives?

How does your marketing and comms plan
support this?

How do you want SM to integrate?

Think beyond marketing
                                         formulate
                                          strategy
  customer service

  sales

Secure exec buy in

Create your social media policy



                                  11
Who will own it?

60% of B2B firms have no staff
dedicated to social media compared
with 54% of B2C players
(bizreport)
13
Use a social media
dashboard to control,
collaborate and listen
Twitter’s for celebrities


 Wrong!

 Editors & writers from the FT, Building magazine, EN
 magazine, NW Businesses Insider, Thebusinessdesk.com, MEN
 business, The Architect's Journal, Building Design, New Civil
 Engineer and Construction News, PCmag.com

 Quality NOt quantity

 Deeper, more meaningful relations

 Drive web/blog visits

                            15
All ears (as well as eyes
      and mobiles)
 Listen and you will find reward!

 People share links to research/blog posts/podcasts etc

 Use Twitter search to find relevant people

 Attending a conference/exhibition - chances are there
 will be a # tag (official or otherwise) so join in the
 action remotely
Twitter feed
drives trade
media
coverage
Monitoring
     Twitter
     creates sales
     conversations


18
Monitoring
Twitter and
responding to
customer
service issues
20
20
Why use it?
open doors for new business
avoid email fatigue
SEO benefit
increase company profile
enhance reputation
conduct research
position yourselves as thought leaders



                          21
What’s new?
enhanced inbox inc ability to delete and
carry out bulk actions
start discussions in Groups
receive email updates from your Groups
see the ‘top influencers’ in each group




                   22
Do the basics
your profile is highly visible on Google

complete your profile

   use the same key words you optimise your site for

   have a credible business like picture

   personalise your URL (edit public settings)

   give recommendations

   seek recommendations

create a company profile

remember - people on there WANT TO CONNECT

make your updates relevant to your potential clients

Add to your smart phone


                                   23
10 top tips
1. join relevant groups &                6. check who’s following the
   discussions                              company profile/your profile
                                            regularly
2. enhance SEO by editing web
   links in ‘Other’ section (NB          7. Look up clients before pitches
   Public profile setting on Full)           or making new business calls
                                            - get the inside track
3. give information /expertise
   freely                                8. add apps ie presentations via
                                            Slideshare (B2B specifically)
4. run searches by job title -
   connect                               9. check your connections own
                                            connections
5. control what, if anything,
   others see when you view              10.check your rivals connections
   their profile




                                    24
advertising
The rules

network online as you would offline

   be genuine

   don’t sell

   be helpful

   follow up with connections

   do whatever you promise to do




                                   34
Measuring success
34% of B2B marketers said they were not
measuring social success at all versus just 10%
of B2C respondents.
Set KPI’s v objectives like any other medium
Online data is highly measurable and
accountable
 Think beyond value - reach, tone,
engagement, quality, followers, retweets, @
conversations, number of recommendations
etc
Use listening tools
to help you
evaluate
Next steps
review your business               try -don’t be afraid of
objectives and how SM can          making mistakes or asking
help you achieve them              for help

consider what you’re               share your learnings with
already doing and what             colleagues
more you could do
                                   post a comment/feedback
set objectives, timescales         on Twitter using #MHsem -
and budgets (even just time        one will be chosen at
allowance)                         random to win




                              37
Where can I learn
    more?

http://learn.linkedin.com

http://mashable.com

http://econsultancy.com

http://socialmediab2b.com
Evidence based communications


Multi-award winning PR
      consultants
          Contact:
        Rick Guttridge

        0161 839 1986

        07887 942 926

  hello@smokinggunpr.co.uk

   twitter.com/smokinggunpr

   www.smokinggunpr.co.uk


              39

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Social media for b2b - Madhouse Associates seminar

  • 1. The myth of social media’s irrelevance in the business to business arena #MHsem Madhouse Associates Seminar 21 October 2010 1
  • 3. What we’ll cover today Is social media relevant for your business? Setting strategy How to make the most of Twitter How to make the most of LinkedIn How will you measure success? Next steps for you 
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  • 4. Why bother? Do you strive for: greater share of voice in your industry platform to show expertise 95% of new media users believe Another route to media relations companies should Reputation management have a presence SEO - what does google say about you on Twitter Brand loyalty (Tealeaf&Cone) Attract and retain customers and staff Find business partners Drive web traffic 4
  • 5. Social media is a waste of time 36% of B2B execs surveyed said there was low executive interest in social media in their company, compared with 9% of B2C marketers who said the same. 46% of B2B respondents said social media was perceived as irrelevant to their company, while only 12% of consumer-oriented marketers had the same problem. (emarketer.com)
  • 6. Oh really... More than half (53.5%) of marketers surveyed said they currently use social media as part of their marketing strategy. This is up from 2009, when 45.0% of marketers said they used social media for marketing. (btobonline.com) 86% of B2B companies using social v 82% of B2C (bizreport.com) According to an eMarketer study, B2B online marketers focus on lead generation (38%), retention (34%) and awareness (28%).  (emarketer.com) The top applications for the use of social media for b2b marketers are thought leadership (59.8%), lead generation (48.9%), customer feedback (45.7%) and advertising on sites (34.7%). (btobonline.com)
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  • 8. It’s not an island new research shows 70% of US journalists use social media to assist in their reporting - up from 41% in 09 (journalistics.com) B2B advertisers see cross- media marketing as most effective; 78% combine three or more major marketing methods. (outsellinc.com)
  • 9. Creating your content and sparking conversations listening Your stories/ thoughts/ Microsite news page / your blog insights/ products Social media: social book Twitter/Linkedin - text marking: Tubemogul - video Digg etc Consumer Flickr - images Trade media: media local regional national Supplier & partner on and offline websites / blogs
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  • 11. Strategy Whats your business objectives? How does your marketing and comms plan support this? How do you want SM to integrate? Think beyond marketing formulate strategy customer service sales Secure exec buy in Create your social media policy 11
  • 12. Who will own it? 60% of B2B firms have no staff dedicated to social media compared with 54% of B2C players (bizreport)
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  • 14. Use a social media dashboard to control, collaborate and listen
  • 15. Twitter’s for celebrities Wrong! Editors & writers from the FT, Building magazine, EN magazine, NW Businesses Insider, Thebusinessdesk.com, MEN business, The Architect's Journal, Building Design, New Civil Engineer and Construction News, PCmag.com Quality NOt quantity Deeper, more meaningful relations Drive web/blog visits 15
  • 16. All ears (as well as eyes and mobiles) Listen and you will find reward! People share links to research/blog posts/podcasts etc Use Twitter search to find relevant people Attending a conference/exhibition - chances are there will be a # tag (official or otherwise) so join in the action remotely
  • 18. Monitoring Twitter creates sales conversations 18
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  • 22. Why use it? open doors for new business avoid email fatigue SEO benefit increase company profile enhance reputation conduct research position yourselves as thought leaders 21
  • 23. What’s new? enhanced inbox inc ability to delete and carry out bulk actions start discussions in Groups receive email updates from your Groups see the ‘top influencers’ in each group 22
  • 24. Do the basics your profile is highly visible on Google complete your profile use the same key words you optimise your site for have a credible business like picture personalise your URL (edit public settings) give recommendations seek recommendations create a company profile remember - people on there WANT TO CONNECT make your updates relevant to your potential clients Add to your smart phone 23
  • 25. 10 top tips 1. join relevant groups & 6. check who’s following the discussions company profile/your profile regularly 2. enhance SEO by editing web links in ‘Other’ section (NB 7. Look up clients before pitches Public profile setting on Full) or making new business calls - get the inside track 3. give information /expertise freely 8. add apps ie presentations via Slideshare (B2B specifically) 4. run searches by job title - connect 9. check your connections own connections 5. control what, if anything, others see when you view 10.check your rivals connections their profile 24
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  • 35. The rules network online as you would offline be genuine don’t sell be helpful follow up with connections do whatever you promise to do 34
  • 36. Measuring success 34% of B2B marketers said they were not measuring social success at all versus just 10% of B2C respondents. Set KPI’s v objectives like any other medium Online data is highly measurable and accountable Think beyond value - reach, tone, engagement, quality, followers, retweets, @ conversations, number of recommendations etc
  • 37. Use listening tools to help you evaluate
  • 38. Next steps review your business try -don’t be afraid of objectives and how SM can making mistakes or asking help you achieve them for help consider what you’re share your learnings with already doing and what colleagues more you could do post a comment/feedback set objectives, timescales on Twitter using #MHsem - and budgets (even just time one will be chosen at allowance) random to win 37
  • 39. Where can I learn more? http://learn.linkedin.com http://mashable.com http://econsultancy.com http://socialmediab2b.com
  • 40. Evidence based communications Multi-award winning PR consultants Contact: Rick Guttridge 0161 839 1986 07887 942 926 hello@smokinggunpr.co.uk twitter.com/smokinggunpr www.smokinggunpr.co.uk 39

Editor's Notes

  1. Which channels? where to start? integrate