Top 5 B2B digital marketing channels that deliver results!

The B2B industry is embracing digital transformation at a slower pace to B2C industry. However, the current trend is very positive to say that B2B industry has realized the potential of digital marketing, especially the potential of inbound marketing.

With the typical long lead-cash process, B2B businesses are empowering their team to involve in organic customer engagement and education over the transactional engagement. With the affordability and ease of marketing automation, SMEs are coming forward to provide more personalized customer experience than ever before. Content marketing is becoming every marketers favorite.

It’s great to witness a healthy portion of annual marketing budget is assigned to Digital and organizations are hiring the right skill to drive their initiatives.

Here’s is my take on the 5 top B2B digital marketing trends to dominate in 2018.

1) Content Marketing

Content marketing is there and it will be there to grow massive. Content marketing tops the chart of every business as the main digital marketing channel. CM not only proves an organization’s thought leadership in their segment, it also improves the SEO ranking. Every business loves organic traffic to their site. Blending the content strategy with keyword strategy is going to drive immense organic traffic to the site impacting the organic leads and ROI.

Businesses, irrespective of their size putting immense effort to segment and understand their customers, create persona, research the buyers journey and formulate the right content strategy.

Organizations who have adopted content marketing strategy, I am sure they must have seen a positive impact. Businesses are trying to explore and experiment the right content format which suits their target audience. We are going to witness them refining their strategy, focusing more on providing exclusive and valuable content, hiring the right team to source content, creating co-branded content.

Parallel, there is going to be increased expenditure on content distribution., Content syndication ad expenses are going to increase as well.

Content Format

Its very crucial to understand the right format in which your target audience is going to consume the content. With the web getting loaded with text based content blogs and white papers etc, customers are becoming selective. I foresee a slow shift towards video content, which also indicates that the content marketing budget is going to increase further by as little as 20%.

2) Marketing Automation

Adoption of Marketing Automation in B2B industry is growing at fast pace. Thanks to the affordability and simplicity of the web/cloud based MA platforms

Businesses using Marketing Automation are mostly using the email marketing automation feature and yet to harness the full potential of the MA systems to provide seamless customer engagement across the buying journey. On the other hand I foresee more businesses are going to adopt automation, an easy start would be from email marketing.

It’s the right time to segment and classify the customer database, understand customer needs and set up need based or seasonal email marketing campaigns targeting highly specific audience and trigger behavior based emails (Drip email marketing). Businesses need to integrate their content marketing strategy with email marketing for a seamless outcome

3) Account Based Marketing (ABM)

Account based marketing is going to see a drift. Interestingly, start-ups are focusing more on ABM than large businesses. ABM compliments the growth hacking strategies.

ABM is like Key Account Management about focusing 80% of your time and energy in those 20% key accounts which can potentially yield 80% of your revenue. This is slightly in contradiction to inbound marketing where you target a broad audience based on persona, engage and educate them, However, the conversion rate is poor and the closing duration is pretty longer.

With ABM you can develop clean and targeted strategies customized for key accounts and provide a seamless engagement across different touch points.

ABM works best in coordination with traditional marketing and other related stakeholders within the organization though digital marketing plays a major role here. Because of its direct impact on revenue & ROI, ABM is favorite of growth hackers and large businesses have started adopting this as well.

4) Social Media Marketing- LinkedIn is Going to Rule

B2B organizations are not far behind in harnessing the potential of social media. Twitter & Facebook will still remain the favorite with small to medium businesses & start-ups, Instagram marketing will be driven by influencers.

Organizations are going to strengthen their presence on LinkedIn. LinkedIn with 500M users is consistently improving its algorithm and ad interface, it’s going to be one of the favorite among brands.

5) Programmatic Ads

A good shift is expected in adoption of programmatic display advertisement. Organizations becoming more serious about their marketing expenditure and ROI, which is often compromised with manual ad buying process, are going to be addressed by Real Time Bidding-Programmatic ads.

However, higher budget cap to start with programmatic and the complexity with the middle players may limit small business adopt this technology, organizations with higher marketing budget are definitely going to invest behind Programmatic

Digital ideas, trends and more!

Top 14 marketing techniques in 2017

Let’s now drill down into the key tactics and marketing technology within each of these tactics which will be important in 2017.

1. Content marketing trends

Content marketing has been in the top 3 for the last 3 years we have run this post, so we focus a lot on how to create an integrated content marketing strategy through advice in our content marketing toolkit.

Our research with HubSpot, illustrated in the Competing on Content infographic, shows that more businesses are now using a strategic approach (40%), so this is a trend we can expect to see continuing in 2017. We can also expect that there will be more focus on Measuring Content Marketing ROI as the cost and competition within content marketing increases.

At a practical level, Martech Guru Scott Brinker has talked about the 4th Wave of Content Marketing and I’m seeing more and more examples of interactive marketing apps – like our capability graders and also personalisation tools recommending content. Read his article, introducing it, a great read and you can check out the ionInteractive examples of interactive content marketing.

4th_wave_content_marketing_600

2. Big Data

As defined in our question, Big Data marketing applications include market and customer insight and predictive analytics.

The 3Vs of Big Data show why this is a key trend selected by many, who have experienced the increase in volume, real-time data and data formats in their business and want to exploit the value to increase sales through personalisation on websites and through email marketing through predictive analytics – a topic we have covered many times on our blog. It’s also closely tied into machine learning where Big Data is mined to identify propensity to convert given different customer characteristics and behaviour.

Big Data
Image original source from Diya Soubra in a Data Science blog – The 3Vs that define Big Data

3. Marketing Automation (including CRM, behavioural email marketing and web personalisation)

Like content marketing, marketing automation has been in the top 3 for the last 5 years we have asked this question. Many businesses still have potential for improving their automation as our research on the State of Marketing Automation shows.

To help with this knowledge gap, I think I have given more webinars and talks on Marketing Automation than on any other topic in 2016. The most common questions at the end are ‘where do we start’ and ‘how do we get to the next level’. These questions are answered in our Email marketing and marketing automation toolkit which includes a free interactive capability review to score your use of email marketing automation. As businesses progress up the learning curve I expect more businesses to be putting lead scoring in place, or refining it and learning the best places on the journey to feature content through predictive analytics.

4. Mobile marketing (Mobile advertising, site development and apps)

Mobile was in the top 3 three years ago, but as more companies have adopted mobile responsive web design and email templates they have seen less need to focus on it, or at least there are fewer opportunities for growth.

However, research shows that retail conversion rates are significantly lower on smartphone, so there is work to be done for many businesses to optimise conversion on mobile, although they will likely always stay lower than desktop.

Mobile also has a large impact on search marketing as Google vigorously follows its mobile first mantra. To me, it’s a somewhat misleading mantra, since the reality is that many web users are still using desktop, laptop and tablet devices and there is a danger with mobile responsive designs that conversion on higher resolution screens may fall if mobile optimised. Instead, leading companies are looking at adaptive mobile design approaches which have the benefit of serving more relevant, contextual content and CTAs for users and reducing load times.

‘Mobile first’ is also misleading if we look at the overall customer journey since often different devices may be involved at different points. So a better vision for mobile strategy is treating it as part of a multiplatform or multichannel strategy. As this data from comScore highlighted in our mobile marketing statistics research shows, the multiplatform ribbons for all countries are much broader than users who are mobile only or desktop only.

5. Social media marketing including Social CRM and Social Customer Care

When I meet marketers at events and training I find there is still huge interest in social media, thanks to its reach and options to engage audiences and encourage advocacy or ‘social media amplification’ to give it the full treatment.

Our social media research statistics summary shows continued growth in social media usage overall, but with reduced popularity of some social networks in some countries. For example Twitter and Facebook are in decline or plateauing in many western markets while Snapchat, Instagram and Pinterest are still growing in usage.

Trends in social media marketing are often controlled by the efforts of the social networks to monetise and this has seen Facebook and Instagram, in particular make changes such that businesses now need to ‘pay to play’ to get the reach needed to have an impact. They have continued to innovate in their targeting and remarketing options. Jason DeMeyers has these interesting views on social media trends for 2017.

6. Conversion rate optimisation (CRO) / improving website experiences

This is the technique I selected a year ago as the way Smart Insights would see the most growth from in the year ahead. It’s higher in popularity than previous years, but I still wonder whether many businesses are missing out on a more data-driven approach to increase leads and sales from their websites.

I saw this chart of the volume of structured tests presented by a major multichannel retailer who wanted to scale the number of tests they were running. It a great way to show the need to test extensively since only a third have a positive test. It also shows how competitors may be getting ahead if they are testing more extensively.

7. Internet of Things (IoT) marketing applications

IoT is one of the most important marketing technology applications of the last 2-3 years, but it is of most relevance to devices makers and retailers, so it is relatively high-up in this ranking of priorities.

There are expected to be 75 billion connected devices by 2020, meaning there will be ten times as many devices able to talk to one another as there will be people on the planet! The implications are huge and far ranging. All this sharing of data will transform the way we live our lives.

Our article covering opportunities and examples of marketing applications of the Internet of Things has this useful summary of alternative applications:

Smart Products Road Map

8. Search Engine Optimisation (SEO or organic search)

Mobile marketing SEO techniques will be particularly important in 2017 with Google’s recent announcements about the mobile index and AMP. We have seen huge increases in AMP smartphone traffic since September 2016 when Google rolled AMPs out beyond Google News. AMPs are targeted at publishers, but should be considered by businesses with an active blog too in my opinion.

We have been covering these announcements and improvements in our other alert posts:

How Google’s mobile-only index will change search in 2017
Google to start penalising sites that use pop-ups
Stop everything and implement AMP pages
9. Wearables

Wearables are one of the hottest consumer consumable commodities (e.g. Apple Watch, activity trackers, augmented reality)

10. Paid search marketing

Google AdWords is the most important form of Pay Per Click and here Google has been pursuing their ‘Mobile-first’ strategy by building out these features.

11. Online PR (including influencer outreach)

Online PR today is inextricably linked with Content marketing, SEO and Social media, or it should be. But this doesn’t get a top rating since the others are important.

12. Communities

These are branded niche or vertical communities.

13. Display advertising

This includes banners on publishers, ad networks social media including retargeting and programmatic.

14. Partnerships including affiliate and co-marketing

A neglected aspect of digital marketing, perhaps unsurpri