As the world around us takes an unprecedented turn, the instinct for many marketers will be to play it safe. But as Albert Einstein once said, “In the middle of difficulty lies opportunity.”
The B2B companies who will thrive in this new climate are those with a growth marketing mindset; who are willing to bend, flex and try new things.
No one expected 2020 to turn out quite as it has. As the coronavirus pandemic continues, we are all finding ourselves adjusting to a new, strange normal. And the impact of COVID-19 is being felt by every business across every sector.
As marketers try to maintain revenue flow and keep customers engaged during this exceptional time, they will be battling with a number of different questions.
How much should we talk about the coronavirus? What should we say? And how we should say it?
Do we carry on our marketing activities as normal? What if we come across as insensitive or opportunistic?
Business-as-usual might feel surreal at this moment in time. But marketers need to be thinking long-term. They need to keep building their brand and engaging with their audience.
So here are our top tips for managing your marketing activity during this period of uncertainty.
New research by Gartner predicts that by 2023, companies will reduce their budget allocation for influencer marketing by a third.
In their latest report, Gartner reveal that consumers are losing trust in brands and entities they don’t personally know and are instead turning to family, friends and local businesses to provide advice and information.
Most companies struggle to talk about what they offer in a clear way.
Donald Miller’s StoryBrand framework helps businesses simplify their messaging by taking a story-driven approach to communication that places the customer at the centre.
Nothing causes people to stop and listen like a great story. Stories can be used to teach, inspire, clarify and mobilise. In a world of information overload, stories can cut through the noise and influence people.
But according to Miller, the most crucial thing in telling your story is what your customers hear - not what you’re trying to say.
Conversational marketing; is it just the latest buzzword? Perhaps you’ve heard that a conversational strategy can be valuable for your business.
But what does it mean exactly?
What are the benefits?
And how does it tie in with inbound marketing?
We are in a digital era of marketing where increasingly impersonal interaction takes place online and marketing automation is seen as the answer to a range of issues.
In contrast to this, customers and marketing pundits are driving the need for personalisation and customisation of content and customer experience.
These two driving forces in contemporary marketing are, at first glance, seemingly irreconcilable and imply a potential future in which customers relate only to pre-programmed algorithms.
Voice search is growing at a rapid pace. By 2020, 50% of all search queries will be initiated by voice.
This trend is hardly surprising. Voice search is fast (3.7 times faster than typing) and convenient. Plus, with the best systems now operating with 95-97% accuracy, it’s becoming increasingly reliable.
Most smartphones are equipped with some form of voice-assisted search function, such as Siri, Alexa and Google Assistant. At home, smart speakers like Amazon Echo and Google Home are becoming integrated into family life.
Influencer marketing has become one of the big buzzwords of recent times. The rise of social media has changed the marketing landscape.
All types of buyers – both consumer and B2B, now make decisions based on information and opinions supplied by their peers, by websites and blogs and by influencers on social media.
Influencers have become particularly important with the rise of social media channels such as Instagram, where conventional marketing is difficult, if not impossible to undertake.
For a B2B business, there are two broad marketing strategies you can follow for gaining sales. You could pursue a traditional inbound strategy that involves creating a small number of buyer personas – fictional profiles of typical buyers. These buyer personas then form the target for all your content and marketing efforts, ensuring that your creations are attractive to your target market in order to bring in leads and engagement.
B2B Marketing can be tough.
Finding new leads, engaging them and converting them isn’t easy.
It requires a lot of work, a significant budget and a massive amount of time.
But what if you could double your sales force? Triple it? And all without spending huge sums of money too?
This is not a fantasy, it’s achievable. And it’s a goal you should definitely set your business.
In the past, the roles of Sales and Marketing have been fairly well-defined, understood and respected, but the changing nature of the market and buyers' behaviour has brought them into inevitable conflict.
If we go back a few years, most companies had two, distinctly separate departments – Sales and Marketing.
In simple terms, Marketing would create all the sales materials and handle the brand positioning of the business. And sales would deal with the prospects and turn them into customers. It was more or less cut and dried.
