Business to business marketing involves using a variety of digital and physical marketing techniques. These include email, social media, podcasts, influencer marketing, paid search advertising, and more.
B2B customers typically have long-term relationships with a company and may purchase large amounts of product on a regular basis. This makes it a great opportunity for companies to build loyalty and increase revenue.
1. Identify your target audience
Identifying your target audience is the most important part of any marketing campaign. It allows you to focus on the right people and ensures that your message is heard by those who will benefit from it. A poorly defined target audience leads to ineffective marketing that wastes valuable resources and drives low-quality leads.
When identifying your target audience, you should consider demographics and psychographics. Demographics are the characteristics of your target audience, such as age, location, and industry. However, this is only a starting point. You need to understand their motivations and pain points to create a marketing strategy that will resonate with them. You should also know what their values are so that you can offer them value-added content. The more personalized your content is, the higher the perceived value of it will be.
2. Define your buyer personas
Buyer personas are a way to narrow down your target audience. They represent your primary ideal customers and can help guide your sales and marketing efforts. Creating detailed personas can reduce the time you spend on unqualified prospects, which in turn improves your conversion rates.
A buyer persona includes demographic and firmographic data, as well as information about your customer’s goals and challenges. It also includes details about their buying process and the decision-makers they need to run your solution by. Typically, each persona is given a name and face to bring them to life.
Use a sales intelligence tool, like Dealfront, to scout for contact info of people at your ideal target companies. This allows you to reach out directly to them and close deals faster.
3. Develop a marketing strategy
A successful B2B marketing strategy starts with identifying the unique pain points of your target audience and finding a way to offer them a solution. This can be done by conducting user groups or leveraging existing data.
B2B marketers typically use a more sophisticated approach to their marketing, such as case studies or testimonials. This can help build credibility and reduce customer churn.
B2B marketers can also utilize a variety of marketing techniques to increase visibility and generate leads, including search engine optimization (SEO), social media, podcasts, business conferences, influencer marketing, and direct mail. By tracking campaign metrics, you can identify which marketing channels are most effective at driving traffic and converting customers. Then, you can use this information to create future campaigns that are even more effective.
4. Create a marketing funnel
A marketing funnel is a way to organize and automate your marketing tactics. It also helps you nurture leads until they are ready to buy. Without a marketing funnel, potential customers may drop off at any stage in the process, costing you money.
The first step of the marketing funnel is awareness. You can create this with content such as blog posts, infographics, webinars, and PPC ads. This phase is about getting people to know your company and product.
The next stage is consideration. At this stage, you need to show potential buyers that your product is the best option for them. You can use case studies, guides, e-books, retargeting ads, and other lead nurturing techniques to encourage people to move on to this phase.
5. Measure your success
B2B marketers are revenue-focused, and it’s important to track metrics that are indicative of campaign success. These include average sales cycle time, conversion rate, cost per marketing qualified lead (CPL), and cost per sale (CVR).
One of the most crucial metrics for B2B marketers is pipeline velocity. This metric allows you to see how quickly your quality leads are moved through the pipeline from MQL to SQL and, ultimately, to a sales win.
While it’s nice to have a robust social media following, it’s even better to have an impact on revenue. Using tools that help you identify, track and analyze key metrics will make it easier to prove your marketing team’s value. And who doesn’t want that? 😉