3 Steps to Prove Social Media ROI

3 Steps to Prove Social Media ROI

Daunted by the idea of proving social media ROI? These 3 steps will give you the structured framework you need to show the results of your efforts.

We all know social media is effective — but do we really know it?

Social Media Examiner’s 2018 Social Media Marketing Industry Report found that only 44% of marketers agree that they know how to measure social media ROI. That means two-thirds of you don’t know whether or not, or how much, your marketing efforts are paying off when it comes to the use of social media.

[bctt tweet=”Only 44% of marketers agree that they know how to measure social media ROI. That means two-thirds of you don’t know whether or not, or how much, your marketing efforts are paying off when it comes to the use of social media.” username=”Fronetics”]

Managing your business’ social media is no small task. It can be a time-consuming and laborious process, so you want to make sure you’re doing it right. That means having a systematic framework in place to prove social media ROI. These three steps will get you started.

3 steps to prove social media ROI

1) Set goals

It may seem obvious, but too many businesses approach social media marketing with vague goals or none at all. Deciding that you want to “grow your business” through social media is great — but it does little to set you up for success.

As you think about goals, keep the SMART principle in mind: Your objectives should be specific, measurable, achievable, realistic, and timed. So for example, instead of shooting to “generate more leads,” set a goal to “generate 10% more leads over 30 days.”

2) Track and measure

Once you’ve set your goals and identified your key metrics, it’s time to implement a system that will track and measure your metrics. At the very least, you should be tracking your metrics on a monthly basis.

We’ve created this monthly marketing reporting template just for supply chain and logistics businesses. It can help you measure social media ROI, as well as track your content marketing efforts, all in one place.

3) React

This is your endgame. While proving your ROI is a great outcome of tracking and measuring your metrics, the real object of your efforts should be reacting to what you discover. Look at your metrics in the context of your goals and objectives. Which efforts are moving you forward? What’s not working?

Trying to prove social media ROI is far from impossible when it’s supported by a solid framework. With a data-driven approach, you can prove ROI and use concrete tools to take steps to improve it.

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Infographic: How Digital Natives are Changing B2B Purchasing

Infographic: How Digital Natives are Changing B2B Purchasing

Digital natives are changing the landscape for B2B purchasing. Here’s what you need to know about the new B2B buyer.

Long gone are the days of men and women sitting around a conference table listening to a sales pitch over a free lunch. Today’s B2B buyers are younger, more technologically savvy, and more independent — they’re a generation of digital natives. And they’re making waves across the B2B buying landscape and changing how marketers must work to reach new customers.

[bctt tweet=”Today’s B2B buyers are younger, more technologically savvy, and more independent — they’re a generation of digital natives. And they’re making waves across the B2B buying landscape and changing how marketers must work to reach new customers.” username=”Fronetics”]

Who are digital natives?

The term digital native describes a person that grows up in the digital age, rather than acquiring familiarity with digital systems as an adult. So, unlike the previous generation, digital natives grew up understanding how to work a computer and a mobile phone instead of picking up these skills (slowly) in our 20s, 30s, or even later.

Having grown up in a time of rapid technological advancement, digital natives are very comfortable online. These skills have carried over to their professional careers, as millennials descend upon the workforce. Organic searches have become the starting point for researching products and services, instead of looking for specific brands.

Ch-ch-changes

This new reality means marketers trying to reach new customers must make big changes in the way they target and engage today’s buyers. Marketers have had to shift their focus from outbound marketing to inbound tactics, like content marketing, to engage and connect with their target audiences.

Here’s what you need to know about digital natives and how their tech-savvy ways have changed the B2B purchasing process.

Infographic: How digital natives are changing B2B purchasing

How Digital Natives are Changing B2B Purchasing

(Made with Canva)

Final thoughts

With so much content available on the internet, first impressions are everything. Your website needs to be informative and visually pleasing. Your social media posts need to be engaging. Your blog posts need to be enlightening. Make sure your online presence accurately depicts who you are as a brand and what you stand for. Digital natives will be more likely to find and connect with you.

Have digital natives had an impact on your business? Tell us about it.

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Content Marketing vs. Your Sales Staff: Who Does What?

Content Marketing vs. Your Sales Staff: Who Does What?

When your content marketing and sales forces align their efforts, they form a powerful symbiotic relationship that grows your brand and your bottom line.   

There’s a big misperception out there that content marketing represents some kind of threat to the job security of sales personnel. It’s absolutely true that content marketing is an inbound approach, contrary to the traditional outbound approach of a B2B sales force. But make no mistake: Content marketing is not a substitute or replacement for an expert sales staff.

[bctt tweet=” It’s absolutely true that content marketing is an inbound approach, contrary to the traditional outbound approach of a B2B sales force. But make no mistake: Content marketing is not a substitute or replacement for an expert sales staff.” username=”Fronetics”]

In fact, it’s when marketing and sales work in tandem that they’re most effective. They can help each other out to generate more leads, nurture current leads more effectively, and even help close more deals.

Content marketing helps generate a steady flow of quality leads, and it provides targeted information to usher prospects down the sales funnel. But even quality leads don’t turn into sales on their own. This is where a sales staff comes in, to take those leads and cultivate them into new business.

Content marketing and sales: Division of labor

For content marketing and sales to work seamlessly together, it’s important to have a clear idea of the role of each. They provide different touch points for leads at each stage of the buying cycle. Here’s a quick primer:

1. Forming a relationship

In this early stage of the buying cycle, your content marketing efforts go toward opening up a dialogue with potential customers. Often, potential leads’ first engagement with your brand comes when they read one of your blog posts, come across your website while searching for product solutions, or see one of your social media posts through their network.

This is when your sales staff picks up the ball, keeping that positive contact going by developing it into a conversation. It’s your sales team’s job to cultivate an ongoing personal relationship with that prospect.

2. Providing information

Now that you’ve established a relationship and your sales team is continuing a dialogue with your prospect, content marketing can step in. B2B buyers report spending more time than ever conducting research, using expert content such as vendor websites, user reviews, and social media before making purchasing decisions. The content that you share with prospects at this stage of the buyer’s journey should be designed to answer informed questions and tip the scales in your favor.

At this stage, your sales staff should be directly answering questions from prospects. When a potential customer reaches out with a query, it’s likely that he or she has done a fair amount of research. So your sales reps need to speak specifically to the customer’s needs in a way that content alone can’t do, to keep them interested and moving down the funnel.

3. Advocating for your brand

Content marketing increases brand awareness for your business. It helps elevate your brand position within the industry and keeps your business top-of-mind, even at a time when potential customers aren’t ready to make a purchase.

When a customer is preparing to make a purchase, your sales staff is the primary advocate for your brand. They should be proactive in pursuing business when customers show interest in your content or when they reach out with questions. They drive dialogue and get to know customers and how your business can help them.

A match made in heaven

When content marketing and sales work together, you’ll see the results hit your bottom line. Curating and creating great content will generate quality leads for your company. And it also empowers your sales force to build relationships with potential customers — and close the sale.

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Infographic: Delivering Content throughout the Buyer’s Journey to Help Your Sales Team Close Deals

Infographic: Delivering Content throughout the Buyer’s Journey to Help Your Sales Team Close Deals

Repurposed and repackaged, your existing content is a valuable asset for your sales force throughout the buyer’s journey.

If you’re a supply chain marketing professional, it’s likely that you spend a tremendous portion of your day researching, creating, packaging, and disseminating content. Your hard work is all about growing brand awareness and building your reputation as a trusted industry thought-leader — all with the goal of having that work eventually convert leads.

But, consider this: When it comes to engaging prospects and clients, only 20% of salespeople actually use content. When we know that potential buyers are far more willing to engage with someone offering them information and insight, why are B2B businesses abandoning content as soon as prospects are handed over to sales?

B2B buyers prefer content throughout the buying journey

According to DemandGen’s 2018 Content Preferences Survey Report, “Buyers are becoming increasingly more selective in the content they are consuming,” relying more on “trustworthy sources, industry influencers, and their peers to educate themselves.” And furthermore, 88% of those survey respondents want less focus on product specifics and more on the value that product can bring to their business.

[bctt tweet=”Buyers are becoming increasingly more selective in the content they are consuming, relying more on trustworthy sources, industry influencers, and their peers to educate themselves.” username=”Fronetics”]

And on the other side of that coin, according to HubSpot writer and marketing expert Bethany Cartwright, sales reps spend about 15% of their day leaving voicemails, and only about 20% of all sales emails are ever opened. “This means 80-85% of sales outreach efforts are going unnoticed by those prospects you’ve worked so hard to capture with content,” writes Cartwright.

It’s time to start leveraging your content throughout the buyer’s journey by arming your sales force with content. Before you panic at the idea of creating reams of new content, take a breath. It’s more than likely that you can repurpose your existing content, optimized to give your sales force the tools they need to close deals.

So how do you go about repurposing your content and giving your sales force the best possible tools with which to convert prospects to buyers? Web Profits co-founder and author Sujan Patel suggests “mapping content generated by your marketing team to each stage of your customer’s buying journey.” We’ve created the infographic below to help you optimize content for each of the three stages of the buyer’s journey.

Infographic: Delivering content throughout the buyer’s journey

Delivering Content throughout the Buyer’s Journey to Help Your Sales Team Close Deals

(Made with Canva)

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Content Marketing Can Work with Account-Based Marketing

Content Marketing Can Work with Account-Based Marketing

Account-based marketing has traditionally utilized outbound marketing tactics, until now.

Account-based marketing has been around for decades, but it has been gaining a lot of attention in the past few years. More and more companies are starting to use account-based marketing to increase their brand awareness with specific audiences and work together with sales teams to close deals.

But what is account-based marketing?

Account-based marketing

Account-based marketing (ABM) is a focused approach to B2B marketing in which marketing and sales teams work together to target best-fit accounts and turn them into customers. Marketers and sales teams focus their efforts on specific accounts — companies, customers, target audiences — and work to get marketing materials in front of them.

Essentially, account-based marketing takes a potential customer and turns them into their own market. “[ABM] is to address the needs of organization by connecting with all of the stakeholders within it. That’s one reason why it works so well in B2B — oftentimes you have to work with five or more stakeholders in a given sale,” writes Sam Balter, HubSpot’s Corporate Marketing Manager.

So how can content marketing help with ABM, which has traditionally been a sales strategy?

Content marketing and account-based marketing

Inbound marketing focuses on audiences finding you. Instead of pushing a message onto buyers, inbound marketing allows you to establish your brand as an industry leader and let interested audiences come to you. This type of marketing attempts to draw in potential customers through interesting and engaging content.

Content marketing is a type of inbound marketing that uses blog posts, social media, infographics, and video to expose target audiences to a brand.

Merging sales and marketing efforts

There’s no reason that ABM and content marketing can’t work together. In fact, you’re missing out on maximizing your marketing efforts if you aren’t incorporating both of these marketing strategies in your overall marketing plan.

[bctt tweet=”Traditional sales pitches are no longer pushing buyers down the sales funnel. Instead, buyers want a personalized experience, where they feel they are getting to know a brand before they make a buying decision.” username=”Fronetics”]

Today’s buyers don’t want to be ‘sold.’ Traditional sales pitches are no longer pushing buyers down the sales funnel. Instead, buyers want a personalized experience, where they feel they are getting to know a brand before they make a buying decision.

What does this mean for your ABM strategy? It means that content marketing can help educate and inform the specific accounts your sales team has identified through valuable, interesting content.

“For example, if you approach any content you create as part of the strategy with both goals in mind, you can create a piece of content that is both incredibly useful from a keyword perspective (and drives a ton of traffic to your site) while also providing all the key information that you’d like to say to your ABM contacts,” writes Stacy Willis for Impact.

When creating content for any marketing effort, the key is to make sure that your content has value. Whether you’re trying to attract a specific account or looking to increase web traffic, content marketing focuses on value and not just volume.

Creating a cohesive account-based marketing and inbound marketing strategy will help maximize your marketing efforts. Though not traditionally used together, it’s time to think outside the box and start seeing the benefits of a joint marketing approach.

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Video: When is the Best Time to Send an Email?

Video: When is the Best Time to Send an Email?

Here’s a breakdown of the latest findings regarding the best time to send an email and what we recommend for getting the most of out of your email marketing efforts.

We are all inundated with daily emails. Whether it’s work emails, special offers from brands you love, or straight-up spam email, we all have inboxes full of emails – most of which will never be opened.

But, on the flip side, “email is the third most influential source of information for B2B audiences, behind colleague recommendations and industry thought leaders,” reports WordStream.

So how do you get your emails to stand out in cluttered inboxes? How do you get readers to actually open — and scroll through — your thoughtfully crafted content?

At Fronetics, we believe there isn’t a one-size-fits-all answer to what works best for email marketing. In order to be successful, you need to take into consideration:

  • Who is your target audience?
  • What job titles do they hold?
  • What kind of devices do they use?
  • When are they commuting to work?

Taking a look at the schedules and habits of your target audience will give you insight into the optimal times for readers to engage with your emails. Here’s Jennifer Hart Yim, director of strategy at Fronetics, with a look at what we recommend when trying to find your optimal time to send marketing emails.

[bctt tweet=”Taking a look at the schedules and habits of your target audience will give you insight into the optimal times for readers to engage with your emails. ” username=”Fronetics”]

Video: When is the best time to send an email?

Takeaway: Trial and error

As with most aspects of content marketing, there’s no universal answer to the best time to send marketing emails. The only way to truly know what works best for your company is trail and error. You’ll have to test dates and times to find the best time to send an email your target audience.

But keep in mind that there are other factors, aside from date and time, that affect open and click-through rates. You’ll also have to play around with frequency, subject lines, length of emails, and the overall look and feel of your email.

Have you tested your best time to send an email? What worked for your company?

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