by Fronetics | May 4, 2015 | Blog, Marketing, Social Media, Talent
Here’s why your employees should use social media.
“Come here Mr. Watson, I want to see you.” Those were the words yelled by Alexander Graham Bell over the world’s first telephone connection. Bell had no way of knowing that a little more than fifty years later there would be more than 30 million telephones in use. To be sure, the telephone served as one of the greatest tools of business communication for over a century, but we are now in the midst of a new kind of technological revolution – one that puts social media directly in the spotlight.
The proliferation of social media has spilled into every facet of our daily lives, and the business implications are complex and far-reaching. Even though 74% of online adults are reported to use social media, a study commissioned by Robert Half Technology found that about half of companies block employees from using social media websites at work. Interestingly, 92% of companies indicated social media as a priority in a 2014 study by Social Media Examiner. With most companies managing all social media at the corporate level for functions like marketing and communications, businesses are missing an opportunity to empower employees to be strong brand advocates while making them more productive, more satisfied, and more connected. That’s why businesses should consider extending social media participation beyond their marketing departments.
Social media transforms communication into content, and vice versa. While email still remains a primary vehicle for the transmission of ideas and information for many workplaces, its very nature inhibits collaboration – it’s ideally used as a tool for private two-way communication. On the other hand, social tools capture ideas and conversations of employees and create a public database of employee-generated content. Openly sharing this content, which was previously hidden behind the privacy of email, fosters inclusion and creates a culture of connectedness.
Responding to a fundamental shift in buyer behavior, sales and marketing professionals are increasingly turning to social media to drive growth. No longer are buyers responding to interruption-based sales tactics; instead, they’re listening to online conversations, engaging with peers, and performing their own research to find solutions to their problems. Companies have taken note and in doing so have transformed the way buyers and sellers now connect. Underscoring the importance for companies to adapt to this new way of connecting to potential customers is HubSpot’s finding that 73% of sales professionals using social media outperformed their colleagues who were not on social media networking sites.
While social media has transformed marketing and sales functions, it’s rewritten the rules for human resource functions. Hiring managers now have public access to a wealth of professional and personal information about potential job candidates, making recruitment efforts more comprehensive than ever. Likewise, candidates are increasingly placing more value on soft compensation like social policies and work flexibility when considering employment offers. The parameters of work and personal life are becoming more and more blurred, and employees are finding companies that embrace their use of digital technology most attractive. Companies with rigid tech policies stand to lose out on top talent.
Social media is proving equally as powerful as a tool for employee retention. Employers that choose to ban social media risk alienating Millennials, a group for which oscillating between real life and the digital world comes naturally. Staying connected is so important to this group that a 2011 study by McCann Worldgroup found that 53% would give up their sense of smell rather than their phone or laptop. Considering the increasing number of businesses actively seeking to attract and retain employees from this generation, finding a way to incorporate and leverage social media would likely prove a much better strategy than blocking access altogether.
Businesses that permit – and even encourage – employee use of social media are able to innovate quicker by monitoring and engaging in the online conversations of customers and potential buyers. With over 58% of the entire U.S. adult population on social media, you can be sure there are conversations happening about brands whether or not they choose to participate in social media. Beyond just monitoring what’s being said about a company or brand, active participation in social media allows for nimble adjustments to marketing messages and potential new product development.
Of course, in order to derive value from employee participation on networks of social media, employers must thoughtfully consider the implications of providing access and set clear expectations for employees about its use (or misuse). Rather than arbitrarily opening access to social media, Cheryl Connor, business communications expert and author of Beyond PR: Communicate like a Champ in the Digital Age, recommends managers take a more thoughtful, structured approach. She suggests managers talk through the concept of open access to social media with employees. Knowing how employees feel about social media makes it easier to accommodate their needs. It’s true that unregulated workplace access to social media won’t work for every business or every employee, but companies that manage to find a way to integrate social media into functions where it makes sense will create value and drive profitable action.
by Fronetics | Feb 26, 2015 | Blog, Marketing
Different marketing efforts produce different customer conversion rates. Here’s what you need to know so you can maximize your marketing efforts.
Deciding where to focus your company’s marketing dollars to attract leads and convert them into customers can be a tricky endeavor. The key to a successful marketing strategy requires evaluation beyond what’s anecdotally “working” to a more evidence-based approach. Here we pull the curtain back to reveal how certain marketing activities stack up against one another when it comes to customer conversion rates.
Tradeshows
While tradeshows continue to be a staple of most marketing departments in the logistics and supply chain industries, the return on investment can be disappointing. Implisit reports the average opportunity to customer conversion rate for all marketing channels to be 48%, but less than 30% of opportunities generated by tradeshow activity are converted into customers. Tradeshows don’t have to be a total bust, though. Turn tradeshow activities into robust lead nurturing campaigns and use social media to keep the conversation going with customers and prospects. Use your company blog to dig deeper into the issues your prospects had and turn their questions into answers addressed in-depth in blog posts. By driving tradeshow activity back to your company blog and social media accounts, you create more intimate, meaningful relationships with prospects that are far more likely to result in customer conversions.
Lead Lists
Conversion rates for lead lists are among the poorest for all marketing activities. In addition to being one of the highest cost per lead marketing approaches, lead lists can damage the credibility of marketers with target prospects and email service providers alike. Akin to a credit score, marketers who use email to reach prospects should protect the credibility and reputation of their email sender score. If you load up emails and blast them out to anyone and everyone like you would a t-shirt gun at a basketball game, your score will suffer and future emails will be less likely to reach their intended recipient. Similarly, sending generic, uninspired emails to unsegmented lists can undermine your efforts to reach high-value prospects. Work smarter with your lead lists by creating highly segmented mini-lists. Send relevant and specific material to each segmented list. Building hyper-focused lead nurturing campaigns and creating real value for 250 leads is much more likely to generate real opportunities than sending 500 leads a groan-inducing, delete-immediately email.
Webinars
On the surface, webinars seem to pack a big punch for marketers. Having a captive audience in front of which to visually promote your services or products is what marketers live for, right? Not exactly. When it comes down to closing deals and winning customers, webinars don’t live up to expectations. In fact, less than one third of webinar-generated opportunities will convert to customers. One reason for such a meager conversion rate is that most marketers tend to hold webinars as a one-off product or service promotion. Trying to produce a speedy sale by presenting and closing with a webinar turns leads cold or worse, closes deals with customers who aren’t a good match for your products or services. Building a solid, lead nurturing webinar strategy can improve your conversion rates for this marketing channel. Creating a webinar funnel and aligning webinar topics to lead positioning within the funnel builds rapport and ensures your company has the attention of the right audience.
Websites
Leads generated via a company’s website not only have a higher than average lead-to-deal conversion rate (1.5%), but also a faster average time to closing. Other marketing channels – email marketing, social media, print – often link back to a company’s website where the actual conversion will take place. Because of this, special attention should be given to the wording of calls to action, the formatting, and the ease of use of your website. Further, a robust, consistent publication and distribution strategy for website content and resources will ensure the return of visitors and increase opportunities for lead and customer conversions.
Social Media
HubSpot reports that social media has a 100% higher lead-to-close rate than outbound marketing, making it a worthwhile marketing activity for many companies. Social media allows for a more personal and nimble engagement with leads and prospects. Optimize your lead and customer conversion rates via social media by aligning content with platform etiquette, encouraging the promotion of your content by making it easy for followers to share your resources, and not limiting your engagement to leads and prospects.
Surprisingly, marketing activities that generate the most leads often don’t produce the best conversion rates. Do you see that reflected in your own marketing efforts? Which marketing channels have proven the most successful for your company?
by Fronetics | Feb 26, 2015 | Blog, Marketing
Different marketing efforts produce different customer conversion rates. Here’s what you need to know so you can maximize your marketing efforts.
Deciding where to focus your company’s marketing dollars to attract leads and convert them into customers can be a tricky endeavor. The key to a successful marketing strategy requires evaluation beyond what’s anecdotally “working” to a more evidence-based approach. Here we pull the curtain back to reveal how certain marketing activities stack up against one another when it comes to customer conversion rates.
Tradeshows
While tradeshows continue to be a staple of most marketing departments in the logistics and supply chain industries, the return on investment can be disappointing. Implisit reports the average opportunity to customer conversion rate for all marketing channels to be 48%, but less than 30% of opportunities generated by tradeshow activity are converted into customers. Tradeshows don’t have to be a total bust, though. Turn tradeshow activities into robust lead nurturing campaigns and use social media to keep the conversation going with customers and prospects. Use your company blog to dig deeper into the issues your prospects had and turn their questions into answers addressed in-depth in blog posts. By driving tradeshow activity back to your company blog and social media accounts, you create more intimate, meaningful relationships with prospects that are far more likely to result in customer conversions.
Lead Lists
Conversion rates for lead lists are among the poorest for all marketing activities. In addition to being one of the highest cost per lead marketing approaches, lead lists can damage the credibility of marketers with target prospects and email service providers alike. Akin to a credit score, marketers who use email to reach prospects should protect the credibility and reputation of their email sender score. If you load up emails and blast them out to anyone and everyone like you would a t-shirt gun at a basketball game, your score will suffer and future emails will be less likely to reach their intended recipient. Similarly, sending generic, uninspired emails to unsegmented lists can undermine your efforts to reach high-value prospects. Work smarter with your lead lists by creating highly segmented mini-lists. Send relevant and specific material to each segmented list. Building hyper-focused lead nurturing campaigns and creating real value for 250 leads is much more likely to generate real opportunities than sending 500 leads a groan-inducing, delete-immediately email.
Webinars
On the surface, webinars seem to pack a big punch for marketers. Having a captive audience in front of which to visually promote your services or products is what marketers live for, right? Not exactly. When it comes down to closing deals and winning customers, webinars don’t live up to expectations. In fact, less than one third of webinar-generated opportunities will convert to customers. One reason for such a meager conversion rate is that most marketers tend to hold webinars as a one-off product or service promotion. Trying to produce a speedy sale by presenting and closing with a webinar turns leads cold or worse, closes deals with customers who aren’t a good match for your products or services. Building a solid, lead nurturing webinar strategy can improve your conversion rates for this marketing channel. Creating a webinar funnel and aligning webinar topics to lead positioning within the funnel builds rapport and ensures your company has the attention of the right audience.
Websites
Leads generated via a company’s website not only have a higher than average lead-to-deal conversion rate (1.5%), but also a faster average time to closing. Other marketing channels – email marketing, social media, print – often link back to a company’s website where the actual conversion will take place. Because of this, special attention should be given to the wording of calls to action, the formatting, and the ease of use of your website. Further, a robust, consistent publication and distribution strategy for website content and resources will ensure the return of visitors and increase opportunities for lead and customer conversions.
Social Media
HubSpot reports that social media has a 100% higher lead-to-close rate than outbound marketing, making it a worthwhile marketing activity for many companies. Social media allows for a more personal and nimble engagement with leads and prospects. Optimize your lead and customer conversion rates via social media by aligning content with platform etiquette, encouraging the promotion of your content by making it easy for followers to share your resources, and not limiting your engagement to leads and prospects.
Surprisingly, marketing activities that generate the most leads often don’t produce the best conversion rates. Do you see that reflected in your own marketing efforts? Which marketing channels have proven the most successful for your company?
by Fronetics | Feb 4, 2015 | Blog, Data/Analytics, Marketing, Social Media, Strategy
Inbound marketing costs less than outbound marketing. And it works.
The internet has empowered customers. It has provided customers with new methods for finding and researching companies. It has also provided customers with new methods for finding, researching, and buying products.
The internet has changed marketing from a one way street to a two way street.
Customers no longer rely solely on TV/newspaper/magazine ads, billboards, direct mail, email, banner ads, and other traditional outbound marketing channels to learn about new products. These methods are now viewed as too intrusive, especially among younger consumers who regularly tune out the tactics.
Customers want to find YOU (not the other way around)
A study conducted by the Corporate Executive Board’s (CEB) Marketing Leadership Council found that the average customer progresses nearly 60 percent of the way through the purchase decision-making process before engaging with a sales rep. How are they able to do this? By going online. Customers are using websites, blogs, and social media.
A study by Pardot found that 72 percent of B2B buyers begin their research with Google. Other starting points for research: personal networks (15.58%), Yahoo (5.53%), Bing (2.76%), LinkedIn (2.51%) and social networks (2.01%).
What is inbound marketing?
Inbound marketing focuses on consumers finding you.
Inbound marketing meets your customers and prospects where they are, with the information for which they are looking, and at the right moment. Inbound marketing provides value, builds trust and authority, which ultimately result in increased leads and higher conversion rates.
The components of inbound marketing are pretty simple: Create and distribute fresh, relevant, targeted content specifically designed to reach a target audience.
Strategies include:
- Social media marketing
- Blogging and content marketing
- Podcasts
- White papers
- ebooks
- Infographics
- Search engine optimization (SEO)
- Case studies
What is outbound marketing?
In contrast, outbound marketing focuses on paying to broadcast your message to find consumers who will listen to you.
Outbound marketing is a value-driven numbers game. The more banner ads, print ads, and direct mailings you pay for, the more people see your product, and the more sales you’ll make. However, it is costly. Outbound marketing costs 38% more than inbound marketing. The average cost per lead using outbound marketing is $373. The average cost per lead using inbound marketing is $143.
Outbound marketing strategies include:
- Print ads
- TV ads
- Banner ads
- Telemarketing
- Cold calling
- Press releases
- Trade shows
- Email marketing
- Direct mail
Inbound marketing makes sense
Inbound marketing just makes sense. It is a proven methodology and it costs less. Isn’t it time to meet your customers where they are? Get online. Create content. Distribute content. Engage with customers. Optimize your website.
Fronetics Strategic Advisors is a management consulting firm focused on strategy and inbound marketing. When it comes to inbound marketing we take a different approach than other firms. This is because of our business experience and background. We know ROI is important, so our approach is data driven and produces results.
We understand that developing and implementing an inbound marketing strategy can seem daunting. We are here to help. We are happy to take a few minutes and look at your current strategy and give you ideas on how to start, or suggestions on what you can do to make your current strategy more successful. We are also happy to talk with you about what we can do.
We’d love to talk with you about how you can grow your business through inbound marketing.
by Fronetics | Feb 4, 2015 | Blog, Data/Analytics, Marketing, Social Media, Strategy
Inbound marketing costs less than outbound marketing. And it works.
The internet has empowered customers. It has provided customers with new methods for finding and researching companies. It has also provided customers with new methods for finding, researching, and buying products.
The internet has changed marketing from a one way street to a two way street.
Customers no longer rely solely on TV/newspaper/magazine ads, billboards, direct mail, email, banner ads, and other traditional outbound marketing channels to learn about new products. These methods are now viewed as too intrusive, especially among younger consumers who regularly tune out the tactics.
Customers want to find YOU (not the other way around)
A study conducted by the Corporate Executive Board’s (CEB) Marketing Leadership Council found that the average customer progresses nearly 60 percent of the way through the purchase decision-making process before engaging with a sales rep. How are they able to do this? By going online. Customers are using websites, blogs, and social media.
A study by Pardot found that 72 percent of B2B buyers begin their research with Google. Other starting points for research: personal networks (15.58%), Yahoo (5.53%), Bing (2.76%), LinkedIn (2.51%) and social networks (2.01%).
What is inbound marketing?
Inbound marketing focuses on consumers finding you.
Inbound marketing meets your customers and prospects where they are, with the information for which they are looking, and at the right moment. Inbound marketing provides value, builds trust and authority, which ultimately result in increased leads and higher conversion rates.
The components of inbound marketing are pretty simple: Create and distribute fresh, relevant, targeted content specifically designed to reach a target audience.
Strategies include:
- Social media marketing
- Blogging and content marketing
- Podcasts
- White papers
- ebooks
- Infographics
- Search engine optimization (SEO)
- Case studies
What is outbound marketing?
In contrast, outbound marketing focuses on paying to broadcast your message to find consumers who will listen to you.
Outbound marketing is a value-driven numbers game. The more banner ads, print ads, and direct mailings you pay for, the more people see your product, and the more sales you’ll make. However, it is costly. Outbound marketing costs 38% more than inbound marketing. The average cost per lead using outbound marketing is $373. The average cost per lead using inbound marketing is $143.
Outbound marketing strategies include:
- Print ads
- TV ads
- Banner ads
- Telemarketing
- Cold calling
- Press releases
- Trade shows
- Email marketing
- Direct mail
Inbound marketing makes sense
Inbound marketing just makes sense. It is a proven methodology and it costs less. Isn’t it time to meet your customers where they are? Get online. Create content. Distribute content. Engage with customers. Optimize your website.
Fronetics Strategic Advisors is a management consulting firm focused on strategy and inbound marketing. When it comes to inbound marketing we take a different approach than other firms. This is because of our business experience and background. We know ROI is important, so our approach is data driven and produces results.
We understand that developing and implementing an inbound marketing strategy can seem daunting. We are here to help. We are happy to take a few minutes and look at your current strategy and give you ideas on how to start, or suggestions on what you can do to make your current strategy more successful. We are also happy to talk with you about what we can do.
We’d love to talk with you about how you can grow your business through inbound marketing.