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June 24, 2008

Wireless Social Networking Poised to Take Over by 2020

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According to iSuppli - an applied market intelligence firm - a revolution in technology is afoot!! In a June 4 article titled, Wireless Social Networking Revolution Poised to Reshape Tech Industry, iSuppli indicates that wireless social networking technologies are poised to generate $2.5 trillion over the next 12 years, and that those companies who jump aboard the wireless social wave now stand to "lead in the technology business," while others may fall behind or become irrelevant.

In the article, iSuppli suggests that, as mobile devices become more embedded in our every day lives, their use as content delivery devices will skyrocket. At the same time, the availability of increased processing power, the expansion of wireless networks, and the ease and speed of wirelessly downloading content will turn the ever-present smart phones, PDAs and cell phones into our primary content viewing devices. And with so many people already turning to their iPhones to download videos from YouTube and following friends via Twitter and Pownce on their cell phones, it's no big leap to think that these devices will soon become central to downloading ALL of our electronic content.

According to iSuppli, the impact of wireless social networking will be felt across all areas of the industry - from semiconductors and processors to memory/storage capacities, devices and software. According to the article, as mobile devices are designed to better accommodate social networking needs, "...semiconductor companies will be compelled to deliver highly integrated processors that combine numerous high-performance, multi-threaded special purpose cores." This means that the expansion of social networking into the mainstream of society and business will generate new business opportunities as companies strive to meet the technological needs of this ever-evolving segment.

So how are businesses that haven't even integrated mobile content-delivery into their business models supposed to stay ahead of the curve when it comes to building wireless social networking into their organizations? The adoption of new technologies can be painstakingly slow, even among technologically-savvy industries; because of this, companies will have to develop a method that simultaneously incorporates mobile marketing and social networking into current business models.

In order to effectively implement wireless social networking, organizations that are currently dedicated to producing, managing and delivering online content need to take social media and social networking with the utmost seriousness. By ignoring the drumbeat of social networks, corporations signal a lack of understanding in regard to the future of technology. After all, social media and social networking are going to go away. The early adopters have already incorporated these technologies into their business models, and it's time for the rest of us to wake up and start letting our users connect to one another on their own terms and via whatever devices they so desire.

June 13, 2008

Content Delivery Methods Matter

mobile_rewvised.jpgAs the digital world changes to incorporate social communities, mobile devices, rich media, and user-generated content into the mainstream, marketers must evolve to meet the ever-changing needs of their users. While many B2B marketers have already heard this call and responded - consider how many podcasts, webinars, eSeminars and even Virtual Tradeshows exist that were unthinkable several years ago - there are advances that still need to be made, especially in how content is created and delivered.

1. Think Niche. Instead of reaching out to mammoth groups of users who may be interested in the topics you're presenting, give your users the change to sort themselves into small, category-specific groups that can be targeted with highly relevant content. Instead of letting users select from a few general categories related to your offerings, give them sub-choices within those categories. Once you know that a user is interested in learning about highly specific solutions within a larger category, they become highly qualified prospects when it's time to really promote your solutions. Users want to personalize their online experience, and offering them the option to define their interests in-depth allows them do this while giving you insight into their needs.

2. Mobile devices will as important as computers for content delivery. As it already stands, 64% of IT decision makers use their mobile devices to access electronic content. This number is only expected to go up as mobile networks become faster and are able to deliver content quickly and to a range of devices. If you're not already developing mobile versions of your website, landing page and marketing materials (enewsletters, email marketing messages), you need to start doing so now. When users try to access your website or open your enewsletter on their mobile devices, do you really want to lose them as a lead because their platform doesn't support your message?

3. Content needs to be convertible. Buzz Marketing (also known as word-of-mouth marketing or viral marketing) is how people are increasingly finding out about your content. People gather data from trusted sources, and their friends and co-workers fall into that category. Because of this, content needs to be packaged so it can be easily passed from person-to-person, regardless of the device they're using. While forwarding a white paper or emailing a URL that points to a video is easy, users will eventually need to be able to pass webinars, podcasts and product demos from device to device without considering that the file won't transfer. If you want your podcasts, webinars and other rich media to play, regardless of the device it's being accessed from, you need to develop these kinds of content with that goal in mind.

As a B2B marketer, one of your goals should be to make content as accessible to as many people, and with as little ease on their part as is humanly possible. This may mean re-tooling your product offerings to include mobile content delivery options, offering instant updates via micro-blog messages, or developing content that is accessible regardless of the device on which it's played. You may need to refine your focus when it comes to building eNewsletters, and consider sending more newsletters to fewer people so you get a smaller pool of more highly-qualified leads at the end of the day.

Developing new strategies for delivering content is challenging, but is essential to staying current in this evolving digital marketplace. When you do develop new products, you'll be better suited to meet your users needs and you may even attract new users when they see the cutting-edge content-delivery options that your company offers.

May 12, 2008

Presidential Campaigns and the B2B Buying Process

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The Presidential candidates seem to have adopted the same marketing techniques used by online marketers, specifically B2B marketers. As strange as it sounds, it's possible to compare the Presidential electoral cycle to the complex sales cycle.

While the Presidential election is a high-stakes race for control of this country's government, candidates still have to rely on marketing techniques to get their voices heard and their faces in front of the masses. The Presidential campaigns are lengthy - lasting from 6-18 months - are education-intensive, and involve long-term nurturing of their target audience (voters). With so many people tuning into the race this year, B2B marketers may want to pay attention to how candidates have attracted, retained and nurtured their supporters, and how they plan on keeping them engaged from now until November.

Branding
To be a viable Presidential candidate, contenders have to create recognizable brands that appeal to potential supporters all over the country. In building their brands, candidates have a limited period of time to introduce themselves, educate the public on their policies, and prove that they can be trusted. By reaching out to voters with consistent messaging (signs, literature, buttons, commercials), providing a steady stream of high-quality educational materials (issue statements, press releases, online content, literature), and repeating their campaign's key themes at every opportunity(Change You Can Believe In; Straight Talk Express, Making History Together), the candidates have effectively created recognizable brands that seem to appeal to voters.

Building recognizable brands is also an essential component to running a successful B2B marketing campaign. When sending out marketing materials, B2B marketers work to establish themselves as trusted advisers that can be relied upon and turned to over the course of the buying cycle. To do this, marketers reach out to prospects with educational materials that are meant to facilitate the research phase of the buying cycle. By sending these kinds of materials early in the buying process, marketers build brand awareness, provide valuable research materials and hopefully establish themselves as trusted advisers.

Research & Education
With so much riding on the outcome of the Presidential Election, voters are increasingly educating themselves on the policies, backgrounds and beliefs of the Presidential candidates. To help voters learn about their issues, candidates have developed content that outlines their policies, highlights their voting records, and explains how they plan to proceed if elected. Voters can download issue statements, read press releases, watch videos and study the text of speeches on candidate websites. Campaigns also send out eNewsletters and text message updates to blast their supporters with information about the candidates.

With lengthy sales cycles involving expensive, and often highly technical products, B2B marketers have to provide a stream of educational materials to their prospects that will answer their questions as they progress through the buying process. And because different prospects have different requirements (the technical decision maker vs. the financial decision maker, for example), marketers need to develop content that will reach each kind of buyer at the appropriate point in their buying process. To do this, B2B marketers create white papers, case studies, webinars, product demos and podcasts that users can acces with ease when they're ready.

Nurturing
With an election cycle that started in early 2007 and will end in November of this year, Presidential campaigns have to nurture voters throughout the entire process. By reaching out to users with eNewsletters, text messages, events, and editorial content, Presidential candidates continuously strive to connect with and engage voters. Adding to this difficulty is the need for candidates to raise money from their supporters and motivate their base to volunteer their time, organize events and make phone calls on their behalf. So while candidates nurture voters through the process, they also have to engage people with Calls to Action.

Research on lead nurturing shows us that prospects are most likely to respond to your marketing message after you've engaged them with multiple touches (email messages, phone calls, eNewsletters, etc), and that 95% of initial leads are "green bananas" that need to be nurtured and ripened over time (with thanks to Brian Carroll). Because of this B2B marketers engage in "drip marketing" techniques that allow them to engage and re-engage prospects by reaching out to them over time and building their brand and their image as a trusted adviser. B2B marketers continuously reach out to prospects with eNewsletters, email marketing messages, engaging content and Calls to Action - though these Calls to Action generally invite users to participate in events, download trial versions of their products or watch multimedia content.

Content
Both Presidential campaigns and B2B marketing campaigns lean heavily on the use of content to get their views across- specifically audio, video and informational articles. There seems to be an overall recognition that eNewsletters and email marketing messages are effective tools for getting a message across to large numbers of people at once. And while B2B marketers are still somewhat lagging in their use of social media, Presidential campaigns seem to understand that the way to engage users is to let them participate in the process, and have widely implemented blogs, social communities, and user-generated content.

By comparing Presidential campaigns and B2B marketing campaigns, we can see how large, well-funded organizations are using the same tools to achieve very different goals. In looking at the similarities of the processes required to attain their goals however, it's clear that we can all learn from each other, and consider how some of the candidates' tactics could work in the B2B arena.

April 17, 2008

What Can Micro-blogging do for Marketing?

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Micro-blogging is a growing phenomenon and may be one of the waves of the future when it comes to reaching out and connecting with plugged-in website subscribers, members and users. Because of the ability to send short, highly targeted messages to users via their cell phones, IM clients or desktops, micro-blogging may be the next best way to deliver content quickly.

According to Wikipedia,

Micro-blogging is a form of blogging that allows users to write brief text updates (usually less than 200 characters) and publish them, either to be viewed by anyone or by a restricted group which can be chosen by the user. These messages can be submitted by a variety of means, including text messaging, instant messaging, email, MP3 or the web.

The most popular of the micro-blogging platforms is Twitter - the social networking service that allows users to send brief messages (140 characters maximum) to their network of "friends." When you use Twitter, you have the ability to let your network in on what you're doing at any given time, and follow what your friends are doing as well. Twitter has gained a large and loyal following of people who constantly answer Twitter's defining question, "What are you doing?"

Pownce is another micro-blogging platform, but this one allows people to send messages, links, files and event invitations to their network of friends. Pownce has developed a range of tools and applications that allow you to send and receive messages on your cell phone, IM client, and even as notes sent straight to your desktop.

Other micro-blogging platforms include Jaiku, Dodgeball and Loopnote.

Micro-blogging's potential as a marketing tool comes from the potential to sign users up for niche-content updates, and send links (to white papers, case studies, podcasts) using a micro-blogging platform. Instead of relying on a general topic eNewsletter when sending out a white paper, you can send a micro-blog message to a self-selected group of highly targeted users. The New York Times, the BBC and Al Jazeera are already using micro-blogging to send headlines and links to stories.

While setting up micro-blog updates for your content may not be at the top of your priority list right now, it's important to start considering where technology is taking online marketing. We already know that 64% of IT decision makers are reading your eNewsletters on their mobile devices. Of these people, how many are already using micro-blogs, and would they be interested in skipping eNewsletters altogether and moving on to white papers delivered via micro-blogs?

For more information about Micro-blogging, check out Mark Glaser's MediaShift post Your Guide to Micro-Blogging and Twitter, Melissa Chang's 16th Letter post, What is Twitter, or this highly informative article, Why We Twitter: Understanding Microblogging Usage and Communities.

January 29, 2008

The Nuts and Bolts of Mobile Marketing

iphonescreenshot.jpgWith more and more IT buyers accessing content on mobile devices such as iPhones, Blackberries and Palms, IT marketers need to turn their eyes toward the future and figure out how to run mobile marketing lead generation campaigns. Already, 64% of IT decision makers view electronic content on mobile devices - that means that 2 out of 3 people that are reading your eNewsletters and email marketing messages are potentially doing so on their mobile screens.

According to the Mobile Marketing Association's white paper, Understanding Mobile Marketing: Technology & Research (May, 2007), there are several factors that need to be considered when launching a mobile marketing campaign that are not relevant when launching traditional email marketing campaigns.

1. How large is your audience - how many people have handsets that support the technology used in your campaign?

2. Have other companies in your market used mobile technology in their marketing campaigns? What worked and what didn't work at all?

3. What kinds of limitations do you face in implementing your campaign? Are there technical limitations? Is the average mobile screen large enough for your creative content to be effective?

4. Do you have partners that can assist you with a mobile marketing campaign? Are there new partnerships you will need to establish for your campaign to be a success?

5. What is your projected Return-on-Investment? Does the cost justify the benefits of running a mobile campaign?

These are just a few of the key points that the Mobile Marketing Association suggests you consider before you place all of your resources into a mobile marketing campaign. Find out more by downloading their white paper here, and make sure you consider the ins and outs of this quickly emerging market before you launch a mobile marketing campaign.

-BH