by Fronetics | Jun 29, 2016 | Blog, Content Marketing, Marketing, Social Media
Participating in social media is not about earning followers; it’s about building relationships.
Posting content to social media is a great way to earn followers. But a follower doesn’t necessarily equal a customer. That’s why it’s important to keep in mind that participating in social media is not only about earning a large following; it’s about building relationships with those people.
An article published in Entrepreneur says it best, “Content equals marketing; conversation equals a relationship.” Using social media to converse with people and form relationships is what will ultimately drive sales.
Research from Social Sprout shows that social media messages to brands from customers rose 110% between 2014 and 2015. And that number keeps going up.
So, don’t just hand out your content like a business card and walk away. Customers increasingly expect businesses to converse with them through social networking, so it is critical that your business is online and ready to respond.
Here are five tips to build relationships on social media:
1) Be the person representing a brand.
Represent your company, but be a real person to whom your customers can relate. Do not appear as a brand who is a person; show up as a person who has a brand.
2) Be a real person.
Be personable and real. Open yourself up to conversations that show a bit of the real you. Nothing builds a relationship better than making a genuine connection. In other words, be a real person, not a personality.
3) Show who you are.
In addition to sharing information and knowledge related to your business, don’t be afraid to sprinkle in a bit of what matters to you in your posts. Photos of bring-your-child-to-work day, pets who regularly visit the office, or even your extra-large coffee during a particularly busy week tell a story that your followers can relate to. These kinds of things are excellent starting points for conversation!
4) Show that you care.
To build a relationship of trust, people need to feel that you care about what is important to them. Go beyond just liking, retweeting, or leaving an encouraging message on your followers’ posts. Actually put yourself out there and respond, invite dialog, and demonstrate that they are someone you value.
5) Be a regular.
Show up on a regular basis to interact with your audience and answer questions. And make sure to respond quickly when someone reaches out to you. Don’t underestimate the power of being there when a customer needs you. Remember 7 in 8 messages go unanswered for 72 hours, so if you can be the brand that is always there, you’re head-and-shoulders above the crowd.
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by Fronetics | May 2, 2016 | Blog, Content Marketing, Marketing, Social Media, Strategy, Supply Chain
Image credit: startbloggingonline.com
Here are three of the top benefits of social media for businesses in the supply chain and logistics industries.
We know that the majority of businesses participate in social media — in fact, a dominant 88% of B2B marketers report using these platforms as part of their marketing programs. Large corporations, small businesses, and those in between are promoting their brand and engaging with customers online. Even companies within the logistics and supply chain industries are joining the bandwagon and reaping the benefits of social media marketing.
The truth is, if your company is not participating in social media, you are at a disadvantage. Your customers, your employees, and your competitors are taking advantage of these technologies to conduct business in new, more efficient ways.
Why are so many companies using these tools?
Here are just three of the top benefits of social media for business:
1) Communicate and engage
By participating in social media, your business has at its fingertips a highly efficient, sophisticated platform for engaging customers, employees, potential hires, industry peers, and the general public. You can announce a new product launch; share small or sweeping changes in service, supplies, practices, locations, etc.; respond to questions or complaints; weigh in on industry discussions happening on online forums; and celebrate employee milestones and accomplishments.
2) Generate and nurture leads
Social prospecting is the process of using social technologies to identify and pursue potential customers that may be interested in your company but that don’t yet know about it. Your business can prospect from the 2.3 billion worldwide social media users, engage them with relevant content, and form and build relationships that you otherwise would have never encountered were it not for the World Wide Web.
3) Reduce marketing expenses
It’s free to set up social media accounts for your business. The real cost comes with dedicating resources to maintain and monitor the content on each channel, and those needs will vary from business to business. Even if you do chose to upgrade and pay for premium benefits and services, like ads, the cost is significantly lower than using many traditional mediums. One recent study suggests that the cost per thousand impressions (CPM) could be as low as $2.50, while traditional tactics, like direct mail ($57 CPM) and TV ads ($28 CPM), remain significantly higher.
Learn more about social media for business in Fronetics’ new white paper, Social Media and the Logistics and Supply Chain Industries. The paper defines social media and social technologies, identifies users and usage patterns, and describes more benefits companies within the logistics and supply chain industries can realize through participation.
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by Fronetics | Apr 27, 2016 | Blog, Content Marketing, Marketing, Social Media, Strategy
Fronetics’ social media training offers basic instructions on how you can help your company get invited, show up, and make a good impression with customers online.
What if you were told that a number of potential customers all visit the same place to chat and get to know businesses like yours before they choose to buy from them? Would you feel there was a strong reason for your business to have a presence there?
The answer is definitively, “Yes, absolutely!” Yet, some businesses are not establishing a social media presence — today’s ultimate social meeting establishment — which puts them in position of severe disadvantage.
Though you may be hesitant to participate, the various social media platforms are the place to meet, greet, and establish trusting relationships with your potential customers before they commit to a purchase. So, either show up, grab a drink, and chat, or surrender opportunities to your competition, who, by the way, is already “liked” by the masses.
How to Make an Entrance at the Social Media Party
Feeling a bit lost as to how to navigate social media? Don’t simply resign yourself to being the wallflower at this gathering. Make an entrance and get noticed!
Fronetics Strategic Advisors has created a social media training, specifically designed for business owners (B2B and B2C), marketers, and employees who are seeking a better grasp on social technologies. Consider it Social Media for Businesses 101: The training offers step-by-step instructions on using your individual social media presence to help boost your company’s social footprint.
No need to be shy. You know more, and can have a bigger impact, than you think. To be sure, the B2B sales process has evolved, but the basics remain: create conversation; educate the consumer; establish trust; and, eventually, generate a sales lead. But now you and your business can conduct this courting via digital platforms.
In this training, learn how social media is an opportunity for building brand awareness and allowing potential customers to get to know your business. See how you can make an impact on your company’s growth through Facebook, Twitter, and LinkedIn. And get a grasp on the fundamentals — as basic as how to “like” or “follow” your company — so that you feel more comfortable using social media in a professional context.
Social media is limitless opportunity for engagement and branding for your company. Participating across multiple platforms is an ideal way to expand brand awareness and establish your company as a thought leader in its industry. Don’t miss out on the party! Download Fronetics’ Social Media Training below so you can participate in the conversation happening online.
Get the free training
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Fronetics Strategic Advisors welcomes your questions about social media, and can advise you on how to best leverage it to your company’s greatest advantage. Contact us for a free social media assessment.
by Fronetics | Apr 26, 2016 | Blog, Strategy
Engage your leads early in meaningful dialogue to improve your chances of conversion.
Your strategic marketing plan is generating a steady influx of quality leads, so closing sales should be easy, right? Only if you are contacting your leads early enough in the sales cycle.
Leads become sale opportunities if they are approached like a garden. Care is needed from the start to cultivate and produce the desired results. So, when is the perfect time to begin nurturing leads? It is earlier than you might think.
When a potential customer first shows interest in a blog post, opens an email, or shares your company’s post on social media, this is the first point of positive contact. You needs to keep that contact going and develop it into a conversation. And we are not talking about starting out with a sales pitch, either. Leads become sales when they are cultivated and grown like a trusted relationship — and the earlier after first contact the better.
According to a study published in the Harvard Business Review, most companies are not responding nearly fast enough to their sales leads. The authors audited more than 2,200 businesses and measured their response time to web-generated leads. While only about a third (37%) responded within an hour, the average first response time was 42 hours. Surprisingly, 23% of companies never responded.
Google and Corporate Executive Board’s white paper on lead follow-up offers some insight on why quick responses are so important. For one, a reported 35% to 50% of sales go to the vendor that responds first. That is largely because today’s B2B customers are nearly 60% through the sales process before they first engage a sales rep. By the time you hear from them, they are close to buying and want answers in a timely fashion to make their decision.
So, how fast of a response is ideal? A study conducted by Franklin Covey found that contact ratios improve 900% if web leads had some form of contact by the company within five minutes of submission. Now, it is probably not possible for your sales team to act upon every lead with that kind of velocity, but it is vital that they utilize proactive sales strategies, rather than reactive.
Reactive is leaving a message and, if they hear back, responding to it. Proactive is going after the sale with confidence and commitment to engaging the lead in real dialogue.
Early dialogue: What it is, and what it’s not
Early on in the sales cycle, you are not pushing to close the sale, but rather you are building a relationship through conversations. You are creating dialogue, not a sales monologue. Be there first, be relevant, and be action-oriented, and your customers will rely on your solutions more often.
You begin this dialogue by asking great, open-ended questions, essentially taking the time to get to know the potential customer. This helps you determine what will best suit this prospect’s needs, and it builds confidence and trust and will very often help the prospect consider issues they may never have thought of.
When you get that potential customer thinking outside the boundaries of their initial issue, it provides a bigger opportunity for you to showcase how your services or products can solve several of the customer’s dilemmas. It is also important to consider your products or services in terms of how they benefit the customer; your presentation will then be customer-focused, and that builds trust and respect in the relationship.
There many moving parts to an effective lead-nurturing campaign, and often there are many steps required to cultivate those leads into sales. From the start of the sales cycle, your company should:
- Take the time to discover and understand the potential customer’s needs and wants first, then advise and offer information. Make the move to match and sell the appropriate solution your company can offer.
- Have the ability to listen and offer viable solutions. Your sales team needs to be well informed about the products, services, and solutions that they are selling.
- Your sales team must be able to follow up quickly, consistently, and with an open dialogue to turn leads into customers.
Studies show that the faster you begin dialogue with a lead, the better your chances of conversion into a sale. This means that when cultivating a qualified lead, you don’t want your sales reps to make one phone call and simply leave a voicemail. You want real conversations to happen. If you don’t, your lead-generation efforts were for naught.
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by Fronetics | Apr 12, 2016 | Blog, Content Marketing, Marketing, Strategy
Content drives business growth, builds customer loyalty, and helps nurture leads.
One of the best ways to market your business today is to plant the seeds that will generate new customers tomorrow. Enter, content marketing: a long-term solution that helps businesses build brand awareness, grow their audience, and generate new leads and sales.
Most companies, more than 85% of them, realize that content marketing is a vital component to cultivating growth. But, according to the Content Marketing Institute, less than half of those who use it believe they do it well.
It may be particularly difficult for smaller businesses to justify allocating precious time and resources to a strategy that they are not sure is being executed properly. How can they compete against industry giants that have name recognition and massive budgets working for them already?
Medium-sized to smaller companies need to establish a relationship with their potential customers or clients and drive brand awareness, accomplishing this goal with far less resources. And content is the way a company makes that all-important connection.
With quality content, you become a source of knowledge and advice. Most importantly, it reaches potential customers where they most often look for new information: online. Whether a blog, white paper, webinar, video, or social post, you are creating brand awareness and building trust by distributing content. Establishing your company as a reliable source of knowledge is what makes a customer eventually choose to do business with you.
Content Works Overtime
Through your content strategies, you have an endless opportunity to provide potential customers with information about your business, your services, products, tips, or simply advice. The best part is as long as it is good, quality content, on topics that speak to potential customers’ needs and questions, it will continue to generate sales leads.
According to the Harvard Business Review article on the subject, “In both B2B and B2C businesses, customers are doing their own research both online and with their colleagues and friends. Prospects are walking themselves through the funnel (where they gain knowledge for buying decisions), then walking in the door ready to buy.”
Coined by McKinsey, the metaphor of a “funnel” describes where consumers start with a number of potential brands in mind then methodically narrow down their choices. At the end, they emerge with the one brand they chose to purchase from. With social media and digital marketing, content is now a huge factor in the “customer decision journey”.
Will Content Work for Me?
A successful content marketing allows your business to reach more and more potential new customers each week. However, there are some requirements for content to properly do its job.
- Content needs to be consistent (frequent, fresh posts)
- Content must be engaging (taps into what people really want/need to know)
- Content must be good quality (entertains and informs: potential customers should learn something from it and walk away feeling that your company knows what it is talking about)
According to Inc. magazine, it is best to take a holistic approach to your content marketing plan. First you must write down your strategy and be able to tie your overall business goals and objectives into your content calendar.
This is your path and serves as an ongoing content guide. Statistically, only 11% of companies without a documented content marketing strategy find their efforts to be successful, versus 60% of companies with a strategy in place. Designate someone to lead your strategy, and success rises to 86%. In fact, according to a survey by the Content Marketing Institute, the majority of the most effective B2B marketers (86%) have a designated person overseeing their content marketing strategy; versus the 46% of less-effective marketers who do not.
Also remember, content marketing’s main objective is lead nurturing, not producing instant results. You will slowly develop a loyal following of readers and content consumers who continue to return to you for knowledge and, ultimately, your product or services.
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