Tuesday, May 18, 2010

Smarketing: define goals, execute, measure, improve, repeat (or not)

As there are more tools introduce in the marketing world almsot weekly for on and offline marketing, it's important to remember that marketing is not just about execution for execution sake.  Marketing should drive:
  • Awareness
  • Leads
  • Conversions 
  • Business strategy 
And these are just the highlights.  To my first point, "marketing" can't just mearly be around executing on campaigns - if this were the case, marketing would be solely on guess, go.

As businesses continue to struggle (but knock on wood we're seeing some light with more VCs backing companies, acquisitions, and consumers in general getting confidence again), it's important to make sure that the time and money investments we're putting into marketing campaigns are well spent.  For example, doing a PPC campaign that yields100 new leads for $100,000, probably not the best use of spend ($1,000 per lead?  Whoa.)  Doing a joint webinar with a partner that yields 500 net new leads could be great.  If 90% of those leads are junk, though, was the webinar the best approach?  In drip campaigns doing drip emails is necessary and hugely effective.  If you notice that one email is yielding more opt outs than any other, might be time to change that email, eh?

I'll talk more about effective marketing programs.  For now, here are the Clif Notes around how to measure, what to measure, and what to do with the data:

Sunday, May 16, 2010

Social media for B2B marketing - why do it and how to measure it

As people spend more and more time online writing in 140-character snippits on Twitter, or letting the world know what they're doing on Facebook, job searching or showing off career prowess on Linkedin, or arguing (brainstorming) in any of the countless industry forums, it's becoming increasingly important to incorporate social media into the marketing mix.  Here's the deal, though, marketers can't just "do" social media for the sake of trying to see what sticks.  Each outlet needs a purpose, and most importantly, there need to be methods for measurement in place.

Here's a look at the social media mix for my current company:
Looks like a spaghetti diagram, huh?  These could likely be integrated and managed via a single console (ala using an ESB with a Management Console on the face of it), but let's not dive into the Developer geek think just yet.

Some highlights around our social media mix:
Every tool has a purpose - here are the top three:
  • Facebook: engage in "fun" conversations; post events; post use cases and get use cases
  • Twitter: engage in relevant conversations; drive people to your site (in our case, currently we're driving people to our blog); while Twitter has a no follow so can't help you rise the SEO ranks, now that tweets get picked up in Google, posting relevant links with content that people might search on can further help drive people to the site
  • Linkedin: prove thought leadership; get in front of targeted audiences by being part of the "club" on Linkedin (join the right groups)
Social media don'ts:
  • Post the same content on every (social) site
  • Let a group or feed go stale
  • Use social media for blamestorming
Social media dos:
  • Give content that will help people
  • Make it easy for your community to find/follow what they want
  • Give people information they can just find in that outlet (goes to the first point)
  • Talk like a real person!  People surfing Facebook or browsing Twitter don't want to hear from marketers
Measuring social media coos:
There are tools like socialmention.com (a free one) where you can see how social media is moving the needle for your company from a bird's eye view.  Specific things shown here include:
  • Strength: how likely is it that your brand is being discussed in social media?
  • Sentiment: are people saying good things or bad things?
  • Passion: are people going to talk about your brand, and then do it again?
  • Reach: how influential is the social media work?
Here's a chart of other ways to measure, and tools to watch from Altimeter:

And with that, I'm off to tweet!