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If I Were a Realtor
You know that I believe in the power of social marketing. However, I have some issues.
1. Not all of the people I want to reach are pounding the Internet every day. Some of my potential customers are business execs who either don't have the time to chat in Twitter or forums or who think that is simply a silly waste of time.
2. Establishing and maintaining a social presence is EXPENSIVE. Let's take Scott Monte of Ford, for example. I don't know how Scott is paid but I must believe it is significant. Not only that, it takes considerable time to make your presence known.
3. I would love to promote social marketing to my clients and potential clients. But I need more proof that it works. I FEEL that it works and it DOES work for me when I offfer my services. But selling products (hard, brick and mortar products) is another animal.
I think we can find better ways to help people sell their products using what we know and building on that.
It`s the age old art of the con. I knew some people that built up a relationship with some phone cards sales warehouse. The warehouse built trust for 5 years, and started getting money up front from their reps on good bulk deals, and then they fled the country with hundreds of thousands of dollars.
Overall though, sage advice as usual Chris. I still say buyer beware though.
This kind of insight is definitely helpful in that regard, though. Thanks!
Great Post Chris!
What I run into with clients is that they are always worried about the time it takes. Blog, how much, how long, who's going to do it? Twitter - why? Isn't that just a bunch of people talking about what they had for lunch? Ning community? Facebook? - my daughter has a Facebook account but she doesn't want me to have one. Just a bunch of college kids.
Maybe it's the way I explain it (I've tried just about everything I can think of) but they don't really get it. And then when they turn around and try to "sell" internally to their team or the CEO, they don't get it as well. And they just tell me, "Maybe next year."
I think this economy is going to be great for the digital market. Not because the traditional marketers will suddenly understand, but they will be replaced or removed and a new kind of marketer will rise up.
The "kid" that understands that all these digital conversations do add up. They do get people to respond. They do build relationships and trust. And they can prove it.
And the traditional guys will be working for them. Putting together the brochures/flyers/handbills in the basement and wonder how that "kid" got a office right next to the CEO and CFO.
Just my two cents.
Your post raises some good points and a fine solution. More and more, e-mail marketing, in particular, has become a new brand of push marketing — it pushes people away. More and more, consumers like me are becoming afraid to opt-in because it means being bombarded with the next phase of the list pounding (eg. never buy candy from the girl trying to win a trip).
Suddenly, we're a number and being crunched and crushed. And eventually, we develop a negative impression of the company.
That's not to say I agree 100 percent with what sometimes becomes a single solution. In fact, there might even be a case made that lead generation is fine, provided you know how to engage people without becoming intrusive. The Web is one great tool, but there are several more that can be used together.
Simply put, it's almost never the tools that are failing companies. It's how they are used.
All the best,
Rich
Thanks for the great post!
I have to tell you - I have witnessed two examples in our office in the past DAY, where this type of 'lead generation' has worked. Our relationship guy isn't on Twitter, but he is EVERYWHERE, involved locally in real life social groups where our prospects are hanging out. I have passed things on that I see on Twitter or other online social hangouts, and our social paths have crossed, where he has recently met, talked or lunched with a person I have connected with on Twitter. It is proving to have amazing results ...
What needs to change now is the content. It's getting to know ME, and in getting to know me you get to know my expertise and offer.
Anyway, this is perfect. I mean, I have been trying to say this for a while, I am just not good at putting it to words. Basically, join your community, your customers or clients. Allow them in, and help them. You will have a customer for life, done..
What's with the "a" down below, some sore of test? I see some others doing it as well.
For as long as businesses have been using email marketing, there's still a ton of companies that just don't get it. They look at it as they have great products, the ad looks pretty, why isn't it converting. It couldn't be because your link tied to a specific product just took me to a generic landing page, or a bad link or a non-existent link. You get the picture.
The companies that are willing to experiment whether with social networks or podcasting may not see everything stick, but at least they're trying. I think the book "Who Moved My Cheese" is very applicable in this respect. But at the same time, this approach to marketing shouldn't be taken simply because "everyone else is doing it." If twitter doesn't make sense for your business, then don't use it, but maybe podcasting would work instead.
I do agree with Greg Digneo, though. The old way is easier - at least at first. Perhaps it is because we are accustomed to it, maybe just because it exploits the mental laziness of both the marketer and the masses. But revving the conversation engine up in multiple venues, being human while being measured in sales and empowering others while converting conversations into transactions requires mental and emotional muscle that puts the social media marketer in their own league. Having said that, when it works, it is far more fun.
I marvel at the resistence this topic provokes. With the worst recession since the Great Depression on our hands and many economic thought leaders discussing real threats of a new Depression, I think the online customers will hold their money hostage until we learn how to engage them on their terms more so than at any other time in our modern history. You approach is VERY helpful and practical. I hope you'll follow up with more gold nuggets on this topic.
I believe that we as marketers need to open our minds a bit and look beyond the tangible ROI. I don't think that Chris is saying to completely ditch the "old way" and dive completely into the "new way"; but there's so much value in the latter that we can't afford to ignore it. Who's to say that you couldn't use some combination of both ways to generate interest and keep the conversation going?
We have to stop thinking like it's 1999 and start thinking 2009 and beyond. It's not about trying to force your customers/target audience into tools/technology they don't understand or want to use, it's about simply talking with them instead of at them.
Back to my comment:
I believe that consumers are tired of "In Your Face - Cram It Down Your Throat" marketing, I know I am! (maybe I am speaking out of turn...) I think that with the research tools and conversation platforms that are widely available on the web, that consumers are forcing companies to alter how they approach their marketing plan. Consumers now direct how they want to consume their media and marketers have to learn how to not PISS them OFF.
I don't believe that most companies are ready to make a commitment to this "foreign" marketing channel because leaving what they THINK works is scary, especially in these times. It is crucial that "old school" marketers begin to adopt these current marketing principles and get on board. People need to wake up! Newspapers are going belly up, Magazine are close behind (the environmentalist in me is happy about that - such a waste of paper), People have DVRs and fast forward past commercials.
What do marketers not get about this? Pretty soon the generation that subscribes to the paper etc. will pass on and the thirty somethings and below, that will soon take their place, will be on their iPhones, Blackberries, computers. They probably will not be walking outside in 30 degree weather to pick up the paper. The point is that the consumer is moving towards conversation, reading reviews, consuming BLOGS, VLOGs and Podcasts in order to get feedback on products or services they are considering purchasing. This is where the focus needs to be. People are pressed for time. People are seeking new forms of entertainment. People want to talk.
Lead generation must make a shift. Sales pitches must make a shift. I totally agree that marketers should empower their users instead of listing 10 amenities that their product has that the other product does not.
Tell me how your product will help me save time, make better pancakes, and reduce my stress through creative VIDEO techniques that I can consume quickly, a clever, snappy blog post, a great podcast interview, and most importantly - REACH OUT and CONVERSATE with me! ( there are plenty of tools out there)
I am working on shifting how I market to my customers (thanks to our conversation at Gnomedex in the halls Chris) Its time for me to simply LISTEN & THEN TALK with people. Its important to have a GENUINE conversation with people, instead of looking for an "in" to spam your URL over to them. There will always be an opportunity to tell someone about your business, but it's your TIMING that is key. It's also important to CREATE new - fun - interactive ways to communicate ( just look at Gary Vaynerchuk: brilliant) with your audience.
ENGAGE with people and help them catch the BUZZ!
INFECT them with your genuine character and great conversation.
instead of trying to SELL them your product, SELL them on YOU!
Bottomline....ITS TIME TO GET CLEVER!
Don't bore your audience.
Don't annoy your audience
Don't try to control the conversation.
Rework your agenda.
Care about people first
Give them something to think about
Reach out to them with a solution and you wont need a lead because you will have made a customer.
All my best,
JP Taylor
Brogan rocks. Learn from him.
Scalability can be achieved, as long as you focus on the way you want to do it, rather than the tools. If you focus too much on the tools, you lock yourself out of building that next great thing.
Just my humble 2 cents.
Apolinaras "Apollo" Sinkevicius
Social Media is forcing companies to say 'am i fulfilling your experience' before they have the deal done. We're all into selling something Guy Kawasaki has been perfect with Alltop.com at doing this.
I also agree that marketers should include this in their mix but will get burnt if they go at it with a linear or digit mindset. The higher purpose is a guiding principle in social media lead generation...
Good article.
I'm not sure this goes along with your theme of lead generation.....but I think you've hit the nail on the head when you say "being a human". I've been selling IT and Professional Development services for over 10 years and The initial way to get started in that industry is to call.....email......fax as many people as you possibly can and generate that interest.....although..I'm now seeing how social media is playing a huge role in meeting people you normally wouldn't. But in the end, clients that stay with you are usually the ones you've bonded with or basically become friends. Spending as much face to face time pays big dividends as you are only strengthening that friendship.
I'm anxious to read this post: “love your blog” into “want your product.” :0)
Thanks!
Jeff
Thanks for the great post and excellent comments!
@mwyn
The old ways aren't impotent, but their results are very lack luster if not used in conjunction with interactive authentic relationship marketing actions.
When old school rules like "the customer is always right" and "create raving fans for your product or service" get blended with new school tools like blog comments, posts, Twitter tweets and experiences that inspire customers to write blog posts and articles about you the integration generates exponentially better results.
For example, we write a lot of sell-sheets for firms. Sell-sheets are typically used in a belly-to-belly transaction with a prospect or customer. That's the channel. And right now, it's the most comfortable channel. Sure, you can turn a sell-sheet into a video presentation, and you can mail or email it to someone, but it's still one of the more effective visual/tangible tools in a sales person's arsenal when they're sitting directly across from a prospect. Sell-sheets are by nature consumed in person.
White papers, however are great when incorporated as a digital download and tracked for follow-up later. No prospect wants to sit in front of a sales person and have the guy/gal read such a communications tool to him/her. Boring.
The communications tool has to fit the audience, and the audience needs to get it/understand it/use it for it to BE useful.
I love Twitter, because it allows me to get to know people I would normally never meet, and learn from people with a knowledge I don't yet possess. I do see interest from clients in what we do through our use of Twitter, but almost more importantly at this point, at least, I can learn things that are important to our clients by following and focusing on people who "play" in those verticals. If I take on a client that operates in the hedge fund sector, what better way to learn about what's going on in their world, then to follow folks who work for hedge funds? The learning aspect of Twitter is tremendous, and as a result, we become excellent resources for our clients.
But, alas, not everyone uses Twitter, so as a company we have to use other means of communicating with those audiences. Same goes for our clients. If you're selling a million dollar tool and die machine, and need to find ways to generate leads for that machine, you're not likely to find them online using Twitter.
The communications tool always needs to speak to the audience, and marketing/sales teams should always be asking for the tools they know work for their prospects. The marketing and communications teams, likewise, need to be aware of all the tools available to them now (and what's coming) in order to play the game effectively. This, I think is where we see the biggest gap. . .not all marketing folks are staying ahead of the curve enough to pick up on the new communication tools available to them, so some lead gen efforts are falling on deaf ears. Read. Read. Read.
Awesome post, Chris. Thanks.
Cheers,
Doc
B2B marketing has always been about understanding your potential customer and where their problems lie. Solve a problem. People buy solutions and benefits, not products. And for the folks who think that "executives" don't troll the internet for solutions... you miss the point. If the executive is not capable of trolling the internet for a solution then they have staff who can and will. The net is probably where 90% of all problem solutions are researched today. The medical world has certainly figured that out.
Where people look for answers has changed. Traditional media is less effective, if it's still in business at all. There are too many choices of media for you to spend your time and precious marketing dollars on all of them. Sometimes, when you're lost, the best thing to do is stand still, shout, and wait for somebody to find you.
We agree in principle. Lead generation is about being visible (audible?) to your potential customer when they are looking to acquire the solution you provide. There. That wasn't so difficult, was it?
What's challenging today is how to make yourself visible to that prospect, hold their attention, develop credibility, and convert to a sale. It was ever thus. Good marketing people do it instinctively. It is an art with a dash of science.
I come across businesses every day who are screaming at folks. Screaming so loud there is no conversation to be had.
Chris is right about an important point. Consumers don’t listen to screams any longer. There are too many businesses screaming about their products, their discounts, and the like. Consumers have learned to focus their attention to the necessities and with information so readily available in this day and age, have found a way to consume only what they’re most interested in.
Lead generation is about empowering and equipping your prospects/target market with educational information about products that can enhance their business.
Companies that scream, sit in dark conference rooms dreaming up random products and solutions they think will sell like hot cakes. Know what happens? A few folks respond to their screams and then the company consumes countless resources trying to come up with the next big thing.
Companies that empower, talk with their customers before entering the conference room. They even often bring the customer into the conference room with their product development team. They listen, they solicit and thrive off feedback. The most important question they ask their customer is “what do you want to see next from us? What can make you’re business more successful?” It’s the development of a conversation.
Conversation companies are successful because they listen to customer suggestions about the solutions/products that can improve their various industries. If you can create those solutions/products, you’ll create solutions that are easily scalable to those that aren’t your customers, because you’ve listened to those that are.
More importantly, conversation companies create a culture of trust and build a strong foundation for a long lasting relationship with their customers.
Do you hear the screams? Of course you don’t. You don’t want to.
Do you want to have a conversation about how we can help your company be more successful? Of course you do. Let’s have a discussion and see what we can come up with.
Like @RobLeavitt, I'm working in the enterprise IT space these days. According to the research study that Google and my employer released recently [<a href="http://www.techtarget.com/googletechtargetroadshow/"download it here], 97% of IT buyers are researching their potential purchases online. They're using a wide gamut of media to make up their minds -- webcasts, podcasts, video interviews, white papers, articles, reviews, virtual tradeshows -- some of versions are more social than others.
I include the link above because I think that, with respect to lead generation and understanding the return on investment on digital marketing, we've been a thought leader, much like you've forged a clear space in thought leadership around getting ROI in social media. I hope the research in there will be of use to your readers -- I've certainly learned a great deal from your posts and your audience's comments over the years, so there's a bit of giving back there, even if you have to get through some registration first.
My personal take on the new world of lead generation, taken into the blogosphere and social media world, is that understanding 'permission marketing' will be even more crucial to digital marketers in 2009. As we create our personas on the web, leaving electronic footprints where ever we go in blog posts, tweets, comments and reviews, we give an ever-increasing insight into the products we use, media we consume and people we know. That kind of data is of course a goldmine for marketers (as Mark Zuckerberg hopes to leverage with Facebook Connect) though anything but a light touch will ruin the potential lead.
If you can reach out, human to human, and politely ask "Would [x product/service] interest you?" and include a link to your content, you're way ahead of the game. If you can earn that reader's trust enough to gain a membership and then continue to tailor your message and offering to them, you'll do well. You might even see their peers finding you online and looking to you for advice -- much as we might come here for your insight, Chris.
For me, I actually create what it is that I am trying to sale - many days have passed where I wish that I could just sell something which others have created.
Alas, my reality is that not only do I have to do what I say that I can do, I also have to sell what I have done. Wearing all the hats takes its toll and the only thing which keeps me rebounding and prevents me from quitting is that I like what I do - I just don't like not making any money, which might end up becoming the louder voice one day soon.
Today's lead-generation is not about the same deisng-same message being pushed and pushed upon a monolithic profile of customer. The "elevator pitch" is lofted up and we are set in motion to react and address the needs of what the audience is lofting in return. Instead of it being a "day-in-the-life" analysis of homogenous reaction, each new opportunity is sure to present itself with a new journey that is unlike the last conversation or sales cycle.
1) Lack of "rules" for forecasting ROI: "If I spend $X and Y hours, what can I reasonably expect back from this whole "Social Media" thingy?"
2) Not enough penetration of the medium into the general population: "I've heard only 30% of the population uses the internet, and only 10% of THAT use social media. Why waste my time?"
3) Doubts regarding whether the message when received would be taken seriously enough: "My neighbor's 24 year old son does that twitter thing and he still lives in his mom's basement...that's NOT my target market..."
You know the same questions and doubts had to be overcome when marketers started using newspaper and then television to "get the message out there." And I think most of you would agree that those mediums worked out okay... for a while, that is.
Growing pains, anyone?
What gnaws at the back of MY mind...what medium are we going to "fuss and fleer" over whether it will work or not in the NEXT 10 years??
Thanks again,
Greg
But this one article turned on a light in my brain and cause me to shift my thinking and my marketing strategies at a crucial time when I am re-evaluating absolutely everything I'm doing. I see something very concrete I can do that I enjoy and will be practical help to those who need it.
Thank you!
As a marketer, it's never been all about one medium and SM is no different. My '09 plans definitely have a shift of dollars and the integration will look different. More importantly, where my time and energy is spent will be different and the execution in traditional channels will also have a new twist.
Yes, developing traditional ad campaigns is less time consuming than staying on top of Twitter, Google Alerts, blogs, podcasts, comments, forums, etc. It's a completely different type of pressure and demand of time. Change is never easy, but necessary to continue to grow. I know some of the tools will not be for us in the long run but I've got to go through the due diligence to figure it out.
If this online social media thing is all it's cracked up to be, all of these nay-sayers will have no choice but to get on board sooner or later. The question is, "Will there be any seats left for them on the bus?
Welcome to the world of Web Filtering! Guess what, large corporations and small are catching on to the novel concept that giving people unlimited access to the Internet -- wherever you want to go and whenever you want to do it -- might not be the best way to maximize productivity. I worked for a mid-size company that instituted web filtering. We could only go to business appropriate sites and we could only spend 1 hour per day. It was tough to get used to, but let me tell you that it worked. I was massively more productive. If I absolutely had to go to a website for an extended period of time, there were several kiosks on the floor. Problem solved. And it's not just about productivity. It's about legal liability and protecting the business practices of your organization.
There is a saying in hockey that says, "Skate where the puck will be." Marketers need to push social networking, but if people don't think there will be more web filtering 10 years from now they are a damn fool. What is the business purpose of Facebook or Twitter for the average person working in a Fortune 500 Company? Your ability to build relationships with your best customers may be permanently revoked. To build relationships, you are going to have to knock on more doors and many of these doors are going to have to be the more in your face conventional methods that we have grown to hate.
Finally, once conventional media firms (newspapers, magazines, TV) start to figure out social networking (and they will), they are not going to play nice.
I'm interested in how you convince the numbers people. What metrics can you show? (I imagine them asking)
Is conversion a trust issue :-)
Matt
I don't think it's possible to convince the numbers people...yet. The power of this social media thing is apparent to those who use it, but, like the Internet before it, there will be MANY late-adopters.
Toby
Of course there will be late adopters and your entire target market may not be riding the community train yet but thats the beauty of online community and social media! It can be a suppliment to the measures that you are already taking to generate those leads - Just beware of canabalizing your existing efforts.
Jen
Like the idea of podcasting as publishing. I recommend people podcast, then send their audio files to Kunaki who will turn it into a CD so you can give them out at tradeshows....cold calls...networking events etc., Repurposing....
I find it interesting that social networking (now social media) is such a buzz, but I think that when dealing with the actual bulk of potential customers, they don't Twitter, or Facebook or FriendFeed, as they are simply too busy, and therefore too disconnected to find someone like Webvantix via networking. So, how do we generate our leads at Webvantix...well that's the secret sauce isn't it? Let it be known, if it were from any of the social networking/social media sites we would be starving, as it seems it's a bunch of gurus speaking to other gurus...the nitty gritty small companies out there that hire us are just too busy to participate, and do appreciate the frontal assault of "are you interested in what we have to offer...yes or no."
Thanks for the opportunity to rant and discuss leads and prospecting--I love it so! Preston Ehrler, www.webvantix.com
Andrew