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Digital marketing 2021

The Bigger Picture of Digital Marketing in 2021

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I have a good website and products.  My social media marketing is not resulting in sales.  Do I need a media expert?

Analyse past sales patterns

My view is that whether your social media drives sales or not depends on your industry and your target audience.

For the vast majority of businesses, social media does not result in direct sales. This is because customers are not in “buying mode” when browsing social sites.

And so here’s a quick check which you can do – share it here as well if you want more feedback.

  1. List all the sales you made in the past month(s)
  2. Rank them by value highest $ down to lowest
  3. For the top 20% by value, write down against each one how the customer came to buy from you
  4. Is there a pattern?

So for example in (3) above – you might say they came from your mailing list, they might be a previous customer, word of mouth recommendation, or walked into your shop or know a staff member.

It may pay to do some follow up calls if you can – or to ask every January 2021 customer how they found out about you and see if the pattern develops in the same way.

Know your customers

From this, you will begin to learn more about your existing customer base. What their patterns of behaviour are and how your business gets its sales.

Now, if you think this type of customer ALSO uses social and might be persuaded to buy from you via that channel, this is the time to review your marketing strategy and see if social media could bring you sales.

The Bigger Picture of Digital Marketing in 2021

Three things for you to check first

The vast majority of social “sales” come from paid advertising or retail shop listings on social sites. So you need to review your margins and your advertising budget for 2021 in your marketing strategy before deciding to launch into social media marketing in a big way. Can you afford to both hire a social media marketing expert and buy advertising on social? Or would your money be better spent on the channels you already have which bring in customers from your analysis in the steps 1-4 above.

Content marketing is more than just “social media”. The things you are posting on your social channels could also be put to use in newsletters, website blogs and in-store. So don’t only talk about social media – go broader to review whether content marketing is right for your business.

Consult experts to get yourself quickly up the learning curve. BUT be cautious about hiring people who have worked in big enterprise firms – a client of mine got badly burned using an expert who just spent a lot of money with only $800 return for their multi-month investment in their services. Yes they did take up references – and you should too. Become an expert in how to brief a marketing agency first – this will clarify what they do and set expectations. Below are links to articles which you should read first.

How to write an awesome creative brief

https://creativeagencysecrets.com/tag/how-to-brief-a-freelancer/

What does a modern creative brief look like?

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education electric tariff differences

Effective social media tips for B2B

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Business to Business marketing is my specialism. The key to robust B2B social media marketing return on investment is persistence, diligence and flashes of genius!

Having said that, you need more that just posting regularly to enable social media ROI. Allow me to explain.

Your customer pipeline

Building authority and demonstrating empathy are the messaging goals that will start prospects moving up the sales pipeline.

LinkedIn updates need to have a balance of product/service information combined with industry discussions.

I set up Google Alerts for key words which are triggers for my client’s industry. One is “Tax” and so we can track that against mainstream news. Here in New Zealand we just had an election and so adding “Tax + election” we can either start discussion threads about this OR answer other people’s questions.

Another is “Health & Safety” and we can look at newsworthy situations where failures happened and start a discussion about lessons and learnings.

Following hashtags can also be beneficial for niche industries.

What B2B marketers get wrong on social

The key for businesses who sell advice is not to give advice on social media.

They should ONLY demonstrate expertise.

The key for businesses who sell products is not to push their products – only to demonstrate the key features of good products (which of course they supply).

The inference is that you are experts and prospective customers should seek you out if they see relevance in what you write and it aligns with their immediate area of interest.

Is this a selling opportunity? Case Study

I posed a question on LinkedIn and garnered a lot of views and comments.

electric car electric tariff

Electricity tariffs for electric cars in NZ

Is this a selling opportunity? Yes for sure.

I got responses in public from Mercury, Meridian Energy and Our Energy Limited and in private I messaged Electric Kiwi, Power Compare and ChargeNet. So about one sixth of the local retail electricity supply industry brands.

The discussion was really interesting and a mix of industry insiders and consumer remarks, including this gem from the CEO of Our Energy Ltd – a disruptor startup in the energy supply industry.

education electric tariff differences

Comparing tariffs is only one part of the EV power story

So electricity companies are all watching, tracking and listening to customer conversations.

And you should be too.

Social selling is not a silver bullet

Many advisers will counsel using “social selling” an irritating phrase meaning sell your services on social media. This is such a problematic term for B2B because when on social, most people do not want to be sold to. They aren’t in “buying” mode on social.

Creating negative brand perceptions is to be avoided.

Having a robust, well-rounded tactical marketing and brand building programme will give you ample opportunity to sell. But only after you have built brand credibility and trust. Therefore multi-touch and multi-channel campaigns are the best route forward for B2B brands. Use with care, is my advise. Oh, yes and do ask an expert what they think about “social selling” BEFORE you hire them.

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Followers on LinkedIN, How to use LinkedIn, Social Selling, B2B marketing

Who’s your LinkedIn Follower?

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LinkedIn hides some of its best features – deliberately.

So here is my quick tip of the week to help you grow your connection base.

Do you know about your followers and following feed?

Thought not.

Log into your LinkedIn. Then paste this into your browser and take a look at this URL.

It lists everyone who is following you. The image below shows Philip Goffin – he’s following me. But I’m neither connected to him, nor following him.

Woo Hoo – lots of followers, Famous fellow.

Now for the inverse, Following. These are the people you are following.

What’s the use of following on LinkedIn?

Well, many times you want to see the News Feed updates from people, but you don’t actually know them and so connecting isn’t appropriate.

Or you just think you will see their updates for a while before approaching for a connection request.

Or you are hoping to quietly bring yourself to their attention without being too pushy – so follow them in the hope they notice you and send a connection request.

Go forth…. try it for yourself.

P.S. You can no longer export contact information from LinkedIn and so I’m advising clients to build contact lists outside of the platform for every new contact they make.

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Follower Count , LinkedIn, B2B marketing, social media marketing,

Advance your LinkedIn focus

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Many B2B marketers and brands are using LinkedIn intensively as a channel to market, building awareness and interest in your offering.

LinkedIn is NOT EFFECTIVE a direct marketing channel – it’s for brand marketing.

Today I have a challenge for you. Followers.

Follower Count , LinkedIn, B2B marketing, social media marketing,
Follower Count on LinkedIn.

Who follows you?

Go to your LinkedIn page and log in. Then navigate to your followers page. The link is the same for everyone.

  • Following – these are your connections. [Note: it’s not who YOU are following – a bit confusing]
  • Followers – people who follow your updates. This includes all your connections.

Below each person’s profile and job title is a check box showing if you are following then or not; and the number of people who are following them.

This makes it easy to filter. And one click to follow them back.

Check boxes to show if you’re following people on LinkedIn

What to do about LinkedIn Followers

Three things to do:

  1. Browse the list for people who you’d like to connect with and who are following you
  2. Decide on your criteria for following people – everyone, only those with key attributes, people who could be clients; people with high/low followers themselves etc
  3. Make a diary log to check back regularly for new followers

LinkedIn works best as a business development platform if you have a clear client persona; have a clear content writing strategy [topics, frequency, audience]. Targeting the right audience with good content, regularly.

Unlike Twitter, LinkedIn does not have a ratio of following to followers throttle. And remember, following someone is a great way to get their insights, to become acquainted with their perspectives as a precursor to connecting.

Famous people have lots of followers. If you are trying to break into a marketplace and build a solid profile, my recommendation is this.

Follow people whose follower count is low-to-medium. Their news feed won’t be too cluttered and your content stands a better chance of getting noticed and commented.

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