The More B2B Marketing Changes, the More It
Stays the Same
By Robert W. Bly
I
am sometimes asked, ÒHasnÕt B2B marketing completely transformed since you got
into it in the late 1970s?Ó
The
answer is: yes É and no.
ÒYesÓ
because there have been some sea changes in marketing over the past four
decades É and ÒnoÓ because the essential core of marketing has always been the
same and remains unchanged.
The
changes involve both the environment in which B2B prospects work as well as the
methodologies of marketing to these prospects. And
there is no denying that B2B marketing is in fact much changed since I got into
it 4 decades ago.
To
begin with, back then sales reps played a much more important role: After prospects
responded to your ads in the industry trade journals, you would fulfill the
inquiry with a sales brochure. After that, the sales rep would connect with the
prospect to answer questions, guide them through the evaluation process, and
close the sale. When prospects needed product or application information to aid
with their purchasing decision, they turned to the sales rep for it.
Today,
the search for B2B products most often begins with Google or another search
engine. By the time the prospects reach out to the manufacturer, they have
already done a large amount of their product research and comparison.
Sales
brochures are no longer the primary vehicle for
communicating product information. In todayÕs increasingly content-driven B2B
marketplace, prospects see slick color sales brochures as sales hype.
White papers are now perhaps the dominant piece
of collateral today. They integrate some product features and data with a more
objective and educational discussion of the problem addressed by the product as
well as how to use the technology to improve process or manufacturing results.
The vast majority of white papers are published
not as print documents but instead as downloadable PDFs, readily found on the
companyÕs website. To capture a lead from the white paper download, the
document is often gated, meaning the prospect has to provide certain
information before they gain access to the paper – things like name,
title, company, phone, email, and other data points typically collected in lead
generation.
Back in the day, planning a B2B marketing campaign was simpler,
involving a standard set of promotions: a trade journal ad to generate
inquiries; a press release; a feature article ghostwritten by the marketer for
the trade magazine; a sales brochure; some other collateral such as application
briefs or data sheets; and trade show exhibits.
There were a few more, but these were the
standard elements in almost every campaign: only half a dozen or so marketing
vehicles. The big planning was media planning for print ads: size, frequency,
schedule, and publications. And usually only the bigger
players had the budget for significant print ads because of the cost.
Today B2B marketing is truly multichannel
marketing. There are dozens of different marketing communications – from
YouTube videos and webinars to social media and Facebook advertising.
Well, with all these changes, why then would I
say the essential core of B2B marketing has always been the same and remains
unchanged?
Reason: the success of all marketing revolves
around human psychology, in particular the psychology of persuasion. And while
marketing methods have evolved and proliferated, human psychology has not
changed in ten centuries, as Claude Hopkins and others have noted.
It takes quite a bit of testing and thought to
figure out marketing strategies and funnels in the multichannel marketing world
– there are so many digital communication channels available today, and
almost all of them much more affordable than expensive trade journal
advertising.
But with the low cost, every company in your
industry basically has access to the same tools and techniques, and your
methods are somewhat transparent to competitors. For instance, with a few
clicks, you can discover the keyword phrases used most often by other companies
in your marketplace.
Once you unlock, through testing, the optimal
marketing and sales funnel strategy, then you and your competitors are, to a
large degree, on the same playing field.
Therefore, you have to get your leverage not
from technology, but elsewhere. And that leverage typically comes with a
superior knowledge of human psychology – getting inside the mind of your
prospects to understand their core buying complex.
What element of your marketing campaign best
targets and appeals to the human psychology?
It is the copy.
Some marketers like to delude themselves into
believing that no one reads copy anymore, copy is unimportant, and copy should
be kept as minimal as possible.
The problem is that strong, persuasive copy may
be your edge and the most powerful weapon in your arsenal for pulling customers
to your product line and away from your competitors.
And in my observation, while todayÕs marketers
often have a superior grasp of the digital world – social media comes
immediately to
mind – they often lack the training, knowledge, and
experience to write copy that hits buyer hot buttons in a way that increases
clicks, conversions, leads, orders, and sales.
There is an abundance of proof to support the
importance of copy in both B2B and consumer marketing.
For instance, simply by changing the limited
number of words in an email subject line, you can boost open and click-through
rates 25 percent or more.
Through testing of elements on landing pages
– most importantly the headline, subheads, lead, visuals, and placement
of forms – you can double or triple your conversion
rates É and sometimes even do better than that. In the same way, you can
double or triple response to paper direct mail simply by changing the outer
envelope teaser, sales letter headline and lead, and offer.
So while bright shiny objects are fun, remember:
good, old-fashioned, hard-hitting copy may be your best chance of outmarketing
and outselling your competitors – even in the digital age.
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About
the author:
Bob Bly is a freelance copywriter with nearly 4
decades of experience in B2B marketing. Clients include IBM, AT&T, Praxair,
and Intuit. He is the author of 95 books including The Digital Marketing Handbook (Entrepreneur Press). You can find Bob
on the web at www.bly.com, email him at rwbly@bly.com, or phone 973-263-0562.
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