As we were trying to put together some interesting facts about social media for B2B marketers, we discovered this interesting video. Then, we decided why would we tell you something, when we can show you instead. So, enjoy it.

B2B companies are ahead of their B2C rivals when it comes to social media adoption

• 81% of B2B companies maintain company-related accounts or profiles on social media sites versus 67% of B2C
• 75% of B2Bers participate in microblogging (eg. Twitter) versus 49% of B2Cers

Source: Business.com – 2009 B2B Social Media Benchmarking Study (http://www.emarketer.com/Article.aspx?R=1007404)

And the FTSE 100 are just plain running scared of Twitter

• Just 16 of the FTSE 100 companies are using Twitter, despite the fact that 20% of Tweets contain a reference to a product or brand

Source: Virgin Media Business (http://ow.ly/1gDTf)

But CIOs could well be the biggest blocker to social media adoption

• 54% of CIOs prohibit use of social networking sites, such as Facebook, MySpace and Twitter, while at work

Source: Robert Half Technology (http://rht.mediaroom.com/index.php?s=131&item=790)

Use of social media by B2B companies is validated by B2B buyer perspectives

• 93% of business buyers believe all companies should have a presence in social media
• 85% believe companies should not just present information via social media, but use it to interact and become more engaged with them

Source: Cone Inc – Social Media in business (http://ow.ly/1dLqJ)

And that’s because the B2B buying process is fundamentally changing

• 9 out of 10 buyers say that when they’re ready to buy, they’ll find you

Source: DemandGen Report

• Over 70% of purchases are restricted to established vendors or are heavily dependent on Word of Mouth recommendations

Source: Buyersphere ebook, Enquiro (http://ow.ly/YbQm)

• More than 8 out of 10 IT decision-makers said word of mouth recommendations are the most important source when making buying decisions

Source: Forrester Research, How to take B2B relationships from Indifferent to Engaged: Jan 2009

• 59% of B2B buyers engaged with peers who addressed their challenge, 48% followed industry conversations on the topic and 37% posted questions on social networking sites looking for suggestions

Source: Genius (http://www.genius.com/marketinggeniusblog/2767/a-glimpse-inside-the-mind-of-the-new-b2b-buyer.html)

Yet there are differing opinions as to where search comes into play in the buy cycle

• 7 out of 10 buyers say that they start their buying process at vendor sites, not Google

Source: DemandGen Report (http://ow.ly/1d82N)

Versus

• 93% of B2B buyers use search to begin the buying process

Source: Marketo (http://bit.ly/9O6pix)

If you think C-level executives aren’t active online, you’re sorely mistaken

• The Internet is the C-Suites top information resource (74% of C-Level executives say it’s very valuable)
• 53% of C-level executives said they prefer to locate information themselves
• The C-suite first turns to mainstream search engines (63%) to locate information
• 6 out of 10 C-Suite executives conduct more than six searches a day
• Executives in IT are the most prevalent users of the Internet for information gathering

Source: Forbes Insight – The Rise of the Digital C-Suite (http://www.forbes.com/forbesinsights/digital_csuite/index.html)

Client marketers are warming to the idea of social media, but many are still to act

• While 92% of client marketers agree that it would be unwise to ignore social media, 63% do not have a social media strategy

Source: The B2B Barometer (http://www.b2bbarometer.co.uk)

The relationship between Marketing and Sales in B2B organisations still remains fractious

• Sales generate 53% of their own leads and marketing contributes just 24%

Source: 2009 CSO Report (http://bit.ly/7EbaHS)

• 90% of marketing deliverables are not used by sales

Source: The New Rules of Sales Enablement (http://tiny.cc/jXRxX)

• 49% of B2B marketers confess to not measuring ROI

Source: The B2B Barometer (http://www.b2bbarometer.co.uk)

And if you still don’t get the whole social media thing, it’s worth bearing in mind…

• 89% of journalists make use of blogs while conducting their online research and 96% turn to corporate websites
• 56% said social media was important or somewhat important for reporting and producing stories

* Note: We have used and abused the above information, as the author insisted. A special thanks for the folks at Earnest Agency.

The biggest buzz in the advertising and marketing world this year is the invasion of social media, and how quickly social media has taken a dominant stance in the advertising world. We have seen some successful marketing campaigns centered on Youtube, Facebook and Twitter, which have generated huge ROIs. I have engaged in many conversations about social media, and have been told, repeatedly,  that in the B2B marketing world, we simply can’t ride on the success of the social media as it is in the consumer world. Why is that?

“Because in this business, everyone knows everyone!” Many industries are operating in a small circle with very unique characteristics. In the particular industry that we are in, it is run by the old boys, who swear, smoke, drink and crack wise jokes. At least that is what I’ve heard. The images that pop into my head are the wise guys in “Goodfellas” and “Donnie Brasco”. How do I do business with these wise guys? The way Donnie Brasco did it, to become a wise guy myself.

In the past few decades, the way people do business with wise guys is through their sales force. They march to where the wise guys hangout and make a statement, so formal, so systematically trained, so bureaucratic, just like an army. Do you know what the wise guys are feeling about the army? “Army is about someone you don’t know sends you to whack someone you don’t know. It is not how wise guys do business, wise guys just hangout and have fun!”  So, if you want to do business, you better become a wise guy. How exactly did Donnie do it? Socializing! Laughing at their jokes and listening to what they wanted and giving it to them.

With the advent of social media, it is never been easier to know who these wise guys are, and what they want. Don’t be the one to march to their doors and make a statement, as wise guys resent it so much, they will whack your business on the spot and say “forget about it”. Have fun with them, laugh at their jokes, even if they were not funny. Today, you want to be introduced as, “he is alright, he is a friend of mine”, and tomorrow you want to be introduced as “he is a friend of ours, he is a good fella!” Why, because wise guys only do business with wise guys!

Have you talked to a wise guy today, my friend?

Relationships are critical in a B2B environment. It’s how we have and will continue to endure. We can never become complaisant or take them for granted as they are vital to our success. The way we initiate new opportunities and gain the trust of future clients is however changing and we need to keep pace with this evolution or face further revenue decline or extinction.

Since June of last year we have been fairly aggressive in promoting our company. We’ve issued press releases, had articles published in major magazines, used direct mail, poly bag insertions, e-mail campaigns, personal letters, testimonial campaigns, networked at industry functions, launched a new site, hired additional creative talent, cold called, implemented search engine marketing, utilized Google pay per click ads, put a video on Youtube, created this blog and networked through other available social media such as Twitter, Facebook and LinkedIn.

We’ve done this so that we could knowledgeably recommend the most effective marketing methods to use for our B2B clientele. The answer is that in a cautious economic climate the results are not immediate. No single effort stands out as producing noticeably more results than another and patience is indeed a virtue.

What we have discovered is that through these initiatives we are increasingly staying top of mind with our market. We have been successful in getting asked to participate in more Requests for Proposals and have been successful in winning those requests. It has made us refine our capabilities presentation and dig deeper into what makes us a valuable resource for our customers. It has built our confidence. It has heightened the resulting service we can provide…all good things.

So today when a customer asks us to update their website and they see it as the sole answer to their lethargic sales we have to tell them “It’s just one more arrow in your quiver, one more spoke in your wheel, one more link in your chain.”

Although we truly believe the web is your number one marketing platform, today’s answer is an integrated approach across all media types. It’s being more customer centric and less chest pounding. It’s saying what we do best, what we stand for as an organization. It’s selling one idea at a time that resonates with your target and can be backed up and fully supported.

There are no short cuts or quick fixes. It’s being focused, deliberate and consistent with your message and your commitment to speak to the needs of your clients today. It’s knowing your business and your customers, so you can present solutions their current vendor or in-house experts couldn’t imagine. To quote the favourite line of our new senior creative, Sam Cockcroft, “…it’s blending out not blending in!”

Too many companies are still professing they are the one stop shop, or one call does it all, or the single source solution. We’re not buying it anymore and neither are your prospective customers. There is nothing unique, memorable or compelling about that message. And 99 times out of a hundred it’s just not believable, so you miss opportunity after opportunity…maybe without even knowing.

It’s still tough out there. We are all working harder than ever. Though it takes time to see the benefits, marketing can help. If you have the resources to advertise and you deliver the right message, you will rebound quicker doing it now then waiting till the economy fully recovers. History has proven it. It’s the approach we’re taking and the approach we recommend to our B2B clientele.