One of the best ways a small business owner or sole trader can compete with the big businesses in your industry is through digital marketing. Even with a smaller budget, through digital marketing you have the ability to level the playing field if you have a good B2B digital marketing strategy.
However, to create a good B2B digital marketing strategy and execute on it, can be tricky as there are so many options and marketing channels available. The pace at which the digital world shifts and changes is also a consideration to keep in mind when creating a strategy. And when it comes to execution, business owners can often themselves in a time sink when it comes to creating content, posting content, and responding to online comments across your digital marketing channels.
For B2B businesses, it can also be much harder to see what the best strategies are for digital marketing when most of the content you'd see online is for B2C businesses. However, our team at The Entourage, Australia's leading training and business coaching provider, are here to show you how you, as a business, can market to other businesses, through the power of digital marketing.
When creating a digital marketing plan for your B2B business, you need to understand who your target audience is. With a B2C campaign, you’re going after customers, consumers, and people who want to purchase your product or service to improve their lives.
However, B2B marketing is aimed at the organisation itself, and in particular, the person in charge of making purchases for their business. Whether that's the business owner, the CEO, the head of a certain department, it's important that you're aware of your different customer avatars and who your ideal customer(s) might be so that you know exactly what to say to them to influence them to buy from you.
Once you've finalised who your target audience is, then it's time to see which digital marketing channels your target audience will be on the most.
LinkedIn is arguably the best digital platform for B2B marketing. According to The B2B House, 4 out of 5 LinkedIn members drive business decisions. These are the people you want to connect with through your B2B digital campaign.
Some more stats from The B2B House on LinkedIn marketing include:
Email marketing is still a highly effective communication channel for your customers and leads. Hubspot tells us that 93% of B2B marketers use email in their digital strategies. What's some best practices to keep your email list healthy and engaged?
The best email systems and software will help you better segment your email list into different target audiences, so you can focus your emails more effectively. You can also schedule for a later release and receive comprehensive statistics on open rates and click-through rates. It's helpful to measure the success of your digital marketing strategies.
The higher up on Google, or other SERPs (Search Engine Result Pages), you are, the more likely you are to have someone click through to your website. Think about it this way, do you ever go past the second page of Google?
There are two ways you can achieve this.
Good SEO is a combination of what content you've put on your website, how useful it is to people who come on your page, how your website is formatted for Google and other search engines to read it, as well as how many other websites are referring back to you.
Our friends at StudioHawk specialise in this and their pro tip is this: SEO can take a while to start returning results which is why it's vital that you continually work on it and optimise your website for visitors and search queries. By doing this, you will be able to soon see your website pages rank higher on search engine result pages and start bringing organic leads to your website too.
Often abbreviated as PPC (Pay Per Click), this is where you use the Google Ads platform to bid for search queries. Unlike organic SEO where you have to put in the work, time and effort to start seeing if your pages will rank higher on search engine result pages, on Google Ads, instead, you pay money to rank on the SERP. So, when someone puts a keyword into the search, your page could be ranked in the first few results.
Depending on the keywords you’re bidding for, it can get expensive. You need to do some solid keyword research and understand the words and phrases your target audience is using, so you don’t waste money with little Return-On-Investment (ROI).
It is a quick way to get your page ranking, however, once you stop paying, you will no longer be shown in the results page.
In a B2B digital campaign, content marketing serves up content for your audience. Content can include things like articles and white papers, helpful videos, or a podcast. A good content campaign focuses on brand awareness and can help your brand stay in the mind of your target market for a long time. Some important things to keep in mind include:
Digital Public Relations (P.R.) is a digital strategy similar to content marketing however on different channels and through other people outside of your organisation. You, or your P.R. agency, will create content to distribute to the media all around the topic of what you, your business, or your product/service is doing in your industry. Focused around the achievements that your business is doing and interesting stories that the media will be interested in. Doing P.R. can reap you some huge rewards in a brand awareness perspective.
This social media channel might not seem like the most logical place for B2B digital marketing, but understand that those who make the purchasing decisions for organisations, are often on Facebook and Instagram as well as LinkedIn.
The options for digital B2B marketing can be many, but some will have lower ROI than others, and some channels just won't be appropriate for your business's target market. It's up to you to ask questions and test channels include thinking about where your audience is. Are the business people you’re targeting really going to be on Instagram looking to buy? Would a social media influencer actually help you find B2B leads?
It's easy to get caught up in the latest digital trends so don't throw your marketing budget onto any and every social media channel hoping for some results. Be strategic, test, review results, and see what works well for your target market and business.
Need more help from experts with been-there-done-that experience? Reach out to our team at The Entourage to see how we can give you a free business coaching session today and help you start building the business of your dreams.