Content marketing is now a way of life for B2B businesses. It’s one of the primary ways B2B marketers generate and nurture leads, establish thought leadership, build their brands, expand their social following, and engage with and retain customers.
If you’re a B2B marketer, this probably isn’t news. We’ve been reading and hearing about the importance of content marketing for years. But it was still good to see the importance of content marketing confirmed in a recent 2013 study by the Content Marketing Institute, which found that 33% of B2B marketing budgets are now allocated to content marketing, which is up from 26% in 2011.
Content marketing has certainly arrived. But with increased budget comes increased scrutiny from executives and higher-ups. And getting management to buy in to the importance of content marketing – and the necessity of increasing their investment in it – can be a challenge. It’s now no longer good enough to create engaging content, you have to be able to prove its ROI, and that requires the right data and tools.
Good marketing teams are able to show how their content is having a positive impact on the following.
Measuring that data is a good start, but while those numbers are useful in understanding the types of content and topics your audience enjoys, they aren’t going to impress most executives.
Better marketing teams can show how their content is having a direct impact on lead generation. Being able to demonstrate that this eBook or webinar generated X amount of leads usually gets an exec’s attention, but this usually isn’t enough to convince them that your content marketing budget is worth increasing (or, in some cases, justifiable as it already is).
That’s why the best marketing teams are the ones that can prove how those leads from content marketing are impacting revenue. For CEOs, revenue is everything.
They need to see the money.
It’s the key figure that will get them not only to buy in to the value of content marketing, but also to approve an increase in your budget.
Being able to prove how content marketing is impacting revenue requires three analytics tools. The first two are a marketing automation tool and a CRM system.
Marketing automation tools like Marketo, Eloqua, or Pardot enable you to capture leads from web forms and to tie those leads to the marketing source that referred them. This means that you can create reports on how many leads each of your eBooks, white papers, webinars, and other content generated, as well as the email, web page, social media post, blog, video, PPC ad, SEO term, or other source the lead used to find you.
What’s more, when you integrate your marketing automation tools with a CRM system like Salesforce.com or SugarCRM, you can track each of those web leads through the sales cycle. And that means being able to prove to execs that your content marketing has generated X amount of web leads, Y amount of opportunities, and Z amount of revenue.
So what tool is often missing?
The data available from a marketing automation tool integrated with a CRM system can be very powerful, but if that’s all you are using to defend your content marketing, you aren’t doing it justice.
That’s because all you are measuring are the opportunities and revenue from web leads. You aren’t capturing the inbound phone calls your content is also generating, and this is problematic for two big reasons:
That’s why the third analytics tool every B2B marketing team should use is a call tracking tool. Call tracking tools enable you to include unique trackable phone numbers in your downloadable and printed content, videos, trade show presentations, emails, ads, and direct mail blasts to measure the calls they generate. Even if a lead visits your web site before calling you, call tracking tools can still tell you how that caller found your site and the web page or blog posts they called from.
And like marketing automation tools, you can integrate call tracking tools with your CRM system to follow each phone lead through to revenue. By using all three analytics tools together, you can share detailed, accurate reports on the impact your content is having on the business’s bottom line. It’s an extremely compelling defense of content marketing that CEOs can understand. Plus you have the more granular data marketing teams can use to understand what content is working and what isn’t in order to make improvements.
Guest Author: Blair Symes from Ifbyphone. To learn more about call tracking and improving your content marketing ROI, you can download the white paper, “Tracking Phone Leads: The Missing Piece of Marketing Automation.â€
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My book – “Blogging the Smart Way – How to Create and Market a Killer Blog with Social Mediaâ€Â shows you how.
It is now available to download. I show you how to create and build a blog that rocks and grow tribes, fans and followers on social networks such as Twitter and Facebook. It also includes dozens of tips to create contagious content that begs to be shared and tempts people to link to your website and blog.
I also reveal the tactics I used to grow my Twitter followers to over 170,000.
Read more about it here where you can download and read it .
Written by Blair Symes
DealerNet Services
And being social creatures comes the need to interact with others to reassure ourselves that we are liked, admired, respected; and noticed.
Then on April, 30th, 1993, it was announced that the World Wide Web would be free to everyone and the rest is history. Since then, the introduction of social network sites such as MySpace, Facebook, Twitter and even AOL in the beginning, to name a few, has transformed the way we communicate.
Along with the Internet Social media will probably go down as one of the major influencers of every generation since the Baby Boom generation and take its place as one of the wonders of modern time.
Between 2000 and 2002 the number of users on the internet grew a staggering 566.4% Nowhere else nor at any time in history has there been a forum even close to the scale of the World Wide Web.
WORLD INTERNET USAGE AND POPULATION STATISTICS
June 30, 2012
World Regions
Population
( 2012 Est.)
Internet Users |
Internet Users |
Penetration |
Growth |
Users % |
||
1,073,380,925 |
4,514,400 |
167,335,676 |
15.6 % |
3,606.7 % |
7.0 % |
|
3,922,066,987 |
114,304,000 |
1,076,681,059 |
27.5 % |
841.9 % |
44.8 % |
|
820,918,446 |
105,096,093 |
518,512,109 |
63.2 % |
393.4 % |
21.5 % |
|
223,608,203 |
3,284,800 |
90,000,455 |
40.2 % |
2,639.9 % |
3.7 % |
|
348,280,154 |
108,096,800 |
273,785,413 |
78.6 % |
153.3 % |
11.4 % |
|
593,688,638 |
18,068,919 |
254,915,745 |
42.9 % |
1,310.8 % |
10.6 % |
|
35,903,569 |
7,620,480 |
24,287,919 |
67.6 % |
218.7 % |
1.0 % |
|
7,017,846,922 |
360,985,492 |
2,405,518,376 |
34.3 % |
566.4 % |
100.0 % |
With all this connectivity we are now being faced with the loss of our privacy being subjected to Government agencies and even Employers spying on us and collecting information. By putting it all out there for everyone to see one should expect and understand that they are relinquishing their right to privacy to a large extent.
We use all this technology to interact with friends and family, to get the latest news and entertainment, and to research things we want to know about. It was only a matter of time before business saw the opportunities that Social Media offered.
Business saw the opportunity that getting involved with social Media would open up a huge potential resource. Social Media presented Business with ways to reach people in ways that were never possible with other forms of media. It allowed them to put a face to their business and to identify them in new ways.
But this new social medium also comes with risks that if they are not socially responsible in their advertising and communications or have any kind of misstep the consequences could be very costly.
It is all boils down to how you use it to your advantage or disadvantage. We are influenced by, and we are able to influence, people who we know as well as people we never met. We need to look at what social networks hold our interests and decided if the people we are interacting with are the people we want shaping our lives and careers.
We can influence others and gain recognition by posting blogs, getting involved in discussions, participate in forums and even help people by being a tutor online at a language site or any of the many sites available on the World wide Web.
Social interaction can open doors to job or other opportunities. You can meet like-minded people and have discussions with people who can give you new perspectives. The possibilities for whatever we are looking for or want to accomplish socially are limitless.
In the end, we need to take responsibility for how we act socially on the internet because in the end the internet as a social whole will make the final judgment on how it reacts to, responds to and accepts to what it is being disseminated.
Written By Bill Cosgrove
DealerNet Services
I recently read that today the reality is that, whether prospective buyers are in your virtual showroom or your physical showroom, they’re a buyer. Maybe not today, but statistically the Internet customer is highly likely to buy within 90 days.
94% of car buyers begin the process online, according to recent estimates, yet most dealerships attribute less than 30% of actual sales to Internet leads. Why the discrepancy? Most consumers do research online but instead of submitting a lead, they decide to call or walk into a dealership when they’re ready to buy. Because of all the research they can do on their own, though, customers today visit only 1.4 dealerships before purchasing a car, down from 4.5 in 2005, according to J.D. Power.
And, according to a recent study by CAR-Research XRM, only 25% of people leave showrooms because they are “still shopping.†The rest leave because of inventory, financing or some other issue. These customers are ready to buy, the only question is, are they buying from you?
Statistically speaking this means that you have a better than a 50/50 chance of selling 75% of customers that walk through your door. You now have the best odds for conversions than ever before.
So if you don’t have the right sales management, finance management and sales team you are losing sales. Patting people on the back is great and there isn’t anyone that doesn’t appreciate praise but if you want to have the managers and salespeople who are true leaders; that will have the right inventory; Mangers that want to get involved with every customer that drives on your lot and salespeople that know how to deal with customers to get the sale- you need to compensate them. This is the only way you are going to recruit the real talent. In other words you need seasoned people that have a solid track record of consistently exceeding goals and objectives.
Marketing:
As I stated in my blog "Take Back Your Marketing†The technology exists today for dealers to get much better results from their own website. Technology is constantly changing the marketing landscape and dealers today can use smaller more efficient marketing companies that will work for them and cut back on the1000s of dollars they are paying the big classified sites and big marketers (they don’t need anymore) in much more productive ways with much better results.
Once you have built the right sales and marketing team you should have an outside consulting company come in quarterly to audit the performance of the sales and marketing departments who can provide fresh out of the box ideas of new industry developments, potential problem areas that are not being noticed and possible solutions to ongoing problems.
This means that by putting your precious resources to work efficiently in the right areas your ROI will be higher and give you results that will drive more to the bottom line.
Posted By Bill Cosgrove
DealerNet Services
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