Are you feeling like your blogs and social posts are shots in the dark, fired out without a clear aim and, ultimately, missing the mark?
Or maybe you feel there are never enough hours in the day to be consistently updating your digital platforms, like you’re always catching up.
There are a number of reasons why your B2B digital strategy might be falling flat.
So, how do you keep the conversation about your brand, products, and services fresh and engaging, without sounding like a broken record? And why does it feel so challenging?
“…58% of businesses don’t have a digital strategy in place…”
It turns out, 50% of businesses don’t have a digital strategy in place. Those that do certainly aren’t immune to avoidable marketing mistakes. And, as Roger L. Martin – strategy and management expert, and author of A New Way to Think – puts it, strategy is NOT planning:
“A strategy is an integrative set of choices that positions you on a playing field of your choice, in a way that you win.”
In essence, strategy is a theory, meaning there is a ‘how’ and a ‘why’. The ‘why’ is the reason you choose to do it. And the how, is the way you plan to beat your competition – playing to your organisation’s strengths to gain opportunities and sidestep risks.
Why do you need a digital strategy?
Every business will have different aims, but here are some reasons you might want to dial up your digital strategy:
Your competition is growing a strong following and gaining market share
Digital platforms give you the opportunity to test what works and what doesn’t, helping you hone your messaging and stay competitive. If your competitor is gaining traction online, it’s likely no accident – you can bet they have a solid strategy in place.
You’re under pressure to do more with less where your marketing budget is concerned
Compared to traditional OOH marketing, TV and print, digital marketing can offer low-cost opportunities to reach even more people – both organic and paid. A robust digital strategy will help you prioritise where you spend that limited budget to maximise returns.
Your sales and marketing teams don’t have enough data to confidently modernise their approach
It’s a misconception that B2B sales are all about meeting rooms, suits and handshakes. In fact, a recent report from Sana found that 58% of B2B buyers prefer placing complex and high-value orders online. By harnessing the power of data in your digital strategy, you can learn a lot about your audience and their preferences. This has the power to transform your marketing communications, your sales patter and direct messaging, and dictate how and where you choose to advertise.
Your audience needs your products or services, but they don’t know it yet
Sometimes an extra step of awareness and education is needed to nurture prospective customers. If you have products or services that require a bit more explanation, digital marketing offers numerous opportunities to build anticipation and understanding, guiding them into the next stage of the funnel. LinkedIn advertising is a particularly effective way to educate a B2B audience.
How will you plan your strategy, to ensure success?
“Invest deeply in understanding the problem before proceeding. You create a strategy; you don’t pick one. Design and imagination are critically important to strategy.”
– Richard Rumelt, Good Strategy/Bad Strategy: The Difference and Why it Matters.
Diving deep into the complexities of your industry and consumer behaviour isn’t just helpful – it’s essential groundwork for crafting your B2B digital marketing strategy.
You’re battling lengthy sales cycles, multi-seat buying committees, and high-stakes transactions. So, it’s crucial to nurture your audience with a well-thought-out digital marketing strategy.
This means catering to every key audience persona, at every stage of the marketing funnel – from awareness, right through to decision.
Equally, business-to-business marketing is a competitive game. Developing an effective B2B marketing strategy requires an in-depth understanding of not only your industry and audience, but your competition.
Once you have your market research in place and a solid understanding of the pain points your audience is facing, you can figure out how you want to position yourself.
Key challenges when developing a B2B digital marketing strategy:
What to do?
1. Choose the channels you want to reach your customers on
Where can you find your audience? How do you want them to engage?
2. Develop a content strategy
Provide content that speaks to your audience in every stage of the buyer journey: awareness, consideration, decision, as well as making it unique and reflective of your brand. What value are you adding to your audience? How is your content going to solve their problems?
3. Use paid promotion to your advantage
Decide where you want to put your budget that will be most effective for you. For instance, do your customers mainly search for your product on Google? In that case PPC may be the most viable option. Or perhaps you offer a product that appeals to Gen Z – if so, consider TikTok, Instagram or Snapchat. Be sure to track your spending and the conversion rate to optimise wherever possible and get the most bang for your buck.
4. Map out the customer journey
Use tools like Hotjar and GA4, and any other analytics tools you’re subscribed to, and map the journey of your customer from awareness of your brand (social media engagement, for example) and first website visits right through to purchase.
5. Decide which tools best meet your aims
Ensure you research marketing tools carefully before subscribing, and select ones that most seamlessly slot into your processes, providing the most efficient and effective support for the least investment.
6. Get your hands on as much data as possible
Use it to evaluate the effectiveness of your digital marketing strategy, which should be flexible enough to adapt with your findings. Then, be sure to make use of A/B testing to find out how your data works in practice.
Not sure where to start?
Chat to us today for a free consultation and we can provide some tips to help breathe new life into your B2B digital marketing strategy, boost engagement and get you those all-important conversions.
Game-changing strategy, creative and technology that means more impact for your marketing. And more power to your business.
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