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Cross Over Marketing: B2B and B2C Strategies that Work for Both Online Marketing Show, London 30 th June, 2010

B2B B2C Marketing Strategies That Work for Both

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The marketing divide is diminishing. B2B scores leads and B2C sends offers. B2C incorporates dynamic content while B2B nurtures prospects from interest to conversion. Both sets of marketers can learn from each other. Silverpop conducted a survey of B2B and B2C marketers to find out which tactics work best. Discover some of the best segmenting techniques used by both groups, and the kinds of email marketing campaigns that drive the best results. You’ll learn: • How B2B marketers can benefit from sending messages at just the right time • How B2C marketers can use lead scoring methodology to enhance sales and ROI • The benefits both can receive from incorporating social media into the mix Presented by Will Schnabel, Silverpop at the Online Marketing Show in London, June 30. 2010.

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Page 1: B2B B2C Marketing Strategies That Work for Both

Cross Over Marketing:B2B and B2C Strategies that Work for Both

Online Marketing Show, London

30th June, 2010

Page 2: B2B B2C Marketing Strategies That Work for Both

Agenda

• Era of Engagement

• B2B vs. B2C: Similarities and Differences

• Learning from Each Other

Best practices that drive results

• Making it Work

Page 3: B2B B2C Marketing Strategies That Work for Both

Era of Engagement

Page 4: B2B B2C Marketing Strategies That Work for Both

How Are you Engaging with

Customers?

Page 5: B2B B2C Marketing Strategies That Work for Both

The real result.

Page 6: B2B B2C Marketing Strategies That Work for Both

Era of Engagement

• Consumer is king

• Inboxes are crowded

• Listen as much as you speak

• Creativity alone is not enough

Page 7: B2B B2C Marketing Strategies That Work for Both

Why Engage?

• To increase customer lifetime value?

• To increase the value the company

delivers to the customer?

• Answer is: Both

Page 8: B2B B2C Marketing Strategies That Work for Both

Do

llars

Ge

ne

rate

d p

er

Mo

nth

(in

thousands)

$159

$540

$664

$840

$40

$185$239

$306

0

200

400

600

800

1000

No Targeting Website Analytics Targeted Social Targeting

Monthly Revenue

Monthly Net Profit

Source: Q1 2009 Global Email Marketing

And On-Site Targeting Online Survey

Relevancy is Key (and actually delivers)

Page 9: B2B B2C Marketing Strategies That Work for Both

Expectations are Increasing

Page 10: B2B B2C Marketing Strategies That Work for Both

B2B vs. B2C:

Similarities and Differences

Page 11: B2B B2C Marketing Strategies That Work for Both

B2B vs. B2C

Differences

• Length of purchasing cycles

• Comfort level with lead scoring techniques

• Knowledge of sophisticated email techniques

Similarities

• Cluttered inboxes

• Tighter budgets

• Email a valuable, cost-effective tool

Page 12: B2B B2C Marketing Strategies That Work for Both

Top Marketing Goals

Source: Silverpop Survey: Exploring the Differences and

Similarities of B2C and B2B Marketing Tactics

Both B2B and B2C marketers want to:

– better leverage new marketing channels

– improve analytics to strengthen campaigns

– upsell or cross-sell to customer base

– increase contact database

But B2C marketers are focused also on:

– increasing customer loyalty

While B2B marketers want to:

– move prospects/leads faster through the sales

pipeline

Page 13: B2B B2C Marketing Strategies That Work for Both

Learning from Each Other

Page 14: B2B B2C Marketing Strategies That Work for Both

Listen as Much as you Speak

Source: Silverpop Research

Page 15: B2B B2C Marketing Strategies That Work for Both

• What types of content do users

want?

• And how do they want to receive it?

Let Customers Shape Marketing

Page 16: B2B B2C Marketing Strategies That Work for Both

Offer Choices During Registration

46%

33%

0

10

20

30

40

50

U.K. North America

U.K.

North America

Page 17: B2B B2C Marketing Strategies That Work for Both

• Email address update/password update

• Current email subscriptions– Newsletters, solo offers, company news, third-party offers

• Content or interest preferences– Skiing versus snowboarding, cycling versus running

• Message format– Text, HTML, mobile-optimised HTML

• Frequency (higher and lower)

• Update communication channels– Email, RSS feeds, direct mail, SMS)

• Demographics: gender, locale, birthday, position

• Firmagraphics: industry, company revenues, employees

Types of Choices

Page 18: B2B B2C Marketing Strategies That Work for Both

Unsubscribe > Preference Centre

28%

40%

0

10

20

30

40

50

U.K. North America

U.K.

North America

Page 19: B2B B2C Marketing Strategies That Work for Both

Right Message, Right Time

Source: Silverpop Research

Page 20: B2B B2C Marketing Strategies That Work for Both

• Consumers will receive 9,000+ email

marketing messages a year by 2014

• Email subscriber interest begins to

disintegrate as soon as two weeks after

the opt-in

• Ideal send times vary among recipients

• Send Time Optimization

Right Message, Right Time

Page 21: B2B B2C Marketing Strategies That Work for Both

Emails Received in 30-Days

3%

2%

5%

17%

32%

25%

15%

3%

30%

47%

20%

0 10 20 30 40 50

>30

21-29

16-20

11-15

5-10

1-4

0

U.K.

North America

Page 22: B2B B2C Marketing Strategies That Work for Both

Source: Silverpop Research

Incorporating Social Media

Page 23: B2B B2C Marketing Strategies That Work for Both

Going Social

• Understand your brand advocates

Who they are

What motivates them

How they are different

• Deliver email content they are most likely to

share (‘Sharability’)

• Share-to-Social

Page 24: B2B B2C Marketing Strategies That Work for Both

Normal email campaign

Page 25: B2B B2C Marketing Strategies That Work for Both

Share-to-Social Expands Virally

Page 26: B2B B2C Marketing Strategies That Work for Both

Source: Silverpop Research

Scoring Leads: Enhance Sales and

ROI

Page 27: B2B B2C Marketing Strategies That Work for Both

Lead Scoring

• Monitor readiness to buy

• Listen and watch

• Rank or score appropriately

• Nurture through relevant campaigns

Page 28: B2B B2C Marketing Strategies That Work for Both

Criteria Used for Scoring/Ranking

Source: Silverpop Research

Dem

ogra

phic

Behavio

ura

lF

irm

agra

phic

Page 29: B2B B2C Marketing Strategies That Work for Both

Interest Level Tactics

Interested •Welcome messages

•An educational campaign

•Lead warming activities

•Promotions for first purchase

Engaged •Renewal notices

•Shopping cart abandonment notices

•Service alerts

•Receipts

•Reminders of upcoming events

•Special promotions for top customers

•Targeting based on website activity

Lapsed •Surveys to determine reasons

•Incentives to revisit the website

•Promotions to encourage purchases

Scoring Leads: Enhance Sales ROI

Page 30: B2B B2C Marketing Strategies That Work for Both

Understand Deliverability Data

• Inbox Preview

– What does your message look like

• Spam Assassin

– SPAM scoring

• Inbox Monitoring

– % Delivered to actual inbox

• IP Segmentation

– Sending reputation

Page 31: B2B B2C Marketing Strategies That Work for Both

Making it Happen

Page 32: B2B B2C Marketing Strategies That Work for Both

Marketing Automation: Make it

Happen

Page 33: B2B B2C Marketing Strategies That Work for Both

Leverage an email

marketing platform

to treat millions of

recipients as

unique individuals.

Managing the Dialog

Page 34: B2B B2C Marketing Strategies That Work for Both

Plan Communication Streams

Page 35: B2B B2C Marketing Strategies That Work for Both

Score and Rank

Engagement for each

and every prospect

and/or customer

Managing the Data

Page 36: B2B B2C Marketing Strategies That Work for Both

Conclusion

Page 37: B2B B2C Marketing Strategies That Work for Both

Keys to Success

• Let prospects/customers lead

• Send at the right time

• Embrace social

• Determine engagement level and lead scores

• Automate Nurturing

• Pay attention to email deliverability

• Leverage marketing automation appropriately

Page 38: B2B B2C Marketing Strategies That Work for Both

Thank You

Will Schnabel

Email: [email protected]

Twitter: @wschnabel

Whitepapers and research studies can be found at

www.silverpop.com