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The Role of Social Media in B2B Marketing

For those of us who keep an eye on trends in social media, it seems as if EVERYONE is jumping on the social media bandwagon. From Barack Obama and John McCain's use of the technologies in their campaigns, to major IT companies like IBM and SAP's social efforts, one might easily get the impression that social media is everywhere.

world_background_v-.jpgSocial media isn't really everywhere - only 35% of B2B marketers participating in a Forrester Research teleconference currently use social media in their marketing efforts. With so few statistics available to those looking to learn more about social media's effectiveness, and no real way to test social media without investing time and money on pilot programs, B2B firms have little motivation to change how they do business and embrace potentially risky marketing methods.

In B2B Marketers Eye Social Media, Web 2.0 Tactics, , Forrester Research's Laura Ramos addresses the various difficulties faced by B2B marketers when considering whether or not they should incorporate social media tactics into traditional B2B marketing campaigns. Using data gathered from 300 B2B marketing professionals, Ramos outlines the 4 main components of social media that challenge B2B marketers and prevent them from embracing social media:

1. Social Media is still only emerging in the B2B marketing space.

2. B2B marketers don't know how to measure the success of social media.

3. Without an easy way to measure the impact of social media, B2B marketers are playing it safe and sticking with what they know.

4. B2B marketers don't understand how their customers are using social media, how their customers might want to use social media, or how to reach their customers and learn about their thoughts on social media.

Do you have these same issues in deciding whether to incorporate social media into your B2B marketing campaigns? Has your company embraced social media as an effective marketing tool? Have you determined how best to measure the impact of social media on your users, your ROI, your sales and conversions? Do you even know if your customers are already using social media in other areas of their lives, or if they would welcome the introduction of social media tools in their B2B decision making process?

It's certainly important to ask yourself these questions when thinking about how social media might fit into your marketing strategy. At the same time though, you may not be able to answer all of these questions until you take the leap and present your users with social media in your marketing efforts. When people are given the chance to participate in that which interests them, they seem to respond by getting involved.

Consider starting small - here are a few ways to get started with social media without completely overhauling your entire marketing strategy:

1. Add tagging or bookmarking capabilities to your website so users can tag, save and share your content.

2. Start a company blog and encourage user participation through comments.

3. Allows users to access your marketing content (new whitepapers, enewsletters) vis RSS feeds.

4. Create a presence on social networking sites and invite your users to add you to their networks.

5. Incorporate multimedia content (such as videos and podcasts) into your marketing efforts.

If you want to learn more about how companies are implementing social media into their marketing campaigns check out this Social Computing Magazine article, 130 Social Media Marketing Examples from Major Brands. You can also find useful information on social media marketing in SEOmoz's article Social Media Marketing Tactics, or in Marketing Pilgrim's Social Media Marketing Beginner's Guide.

Comments

I've been teaching that social networking can be tested as an extension of existing efforts.

Thank you for touching on some practical ways to implement social networking in that ongoing conversation with prospective customers.

Also, for touching on the importance of understanding how B2B customers are using social media, so many marketers miss the point here and waste time on channels their customers aren't going to see.

Best,

Justin

I integrated a blog into a market expansion promotional package. The strategy was to use it to as a primary way to have a local online presence, leverage radio ad investments and promote an event schedule. http://unislumin.blogs.com/unis_lumin/atlantic_provinces/

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