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Posts Tagged ‘generation’

Fishing for B2B leads? Choose the right bait.

Wednesday, October 22nd, 2008

Fishermen (fisherpeople?) choose their bait based on the type and quantity of fish they hope to catch. On the lakes of Minnesota, worms and small leeches are great for catching sunfish, and if find a good spot, you can catch a lot of them in a short time. However, it’s likely that you’ll also end up throwing many of them back because they’re too small to be “keepers.” Bait such as sucker minnows or spinner lures will attract larger, more exciting prey like northern pike. These larger fish are more elusive, so you likely won’t end up catching many, but each one will be larger and more fun to catch than a small panfish.

The same principle holds true in b2b lead generation. Different types of b2b lead generation programs can be used to draw visitors to your landing page, but once there, your incentive for response is the bait that determines the quality and quantity of leads you’ll “catch.” The greater the involvement you require of respondents, the lower the quantity but the higher the quality. Several examples are shown in this illustration:


Sweepstakes require very little involvement; a site visitor gives you their basic contact information in hopes of winning an iPod, a trip to Hawaii, or whatever. They are great for collecting a large quantity of names, but often few actual sales leads.

White papers are a popular and productive incentive for response. They weed out the pure prize-seekers attracted by sweepstakes because anyone willing to take the time to download and (hopefully) read a white paper at least has an interest in the particular technology area addressed. White papers also have far more branding value than sweepstakes. They are one of the most commonly used response incentives because of the balance of relatively high quantity and quality they provide, although sales will still often end up “throwing back” many of these leads.

As the level of involvement required increases, so does lead quality, but the numbers get smaller. A respondent willing to sign up for a free trial and actually use a software product—particularly in a corporate environment where IT approval is needed—has a relatively high probability of becoming a buyer (assuming the software actually works as promised). And at the far right of the diagram above, if the only incentive for response on a landing page is to be contacted by a sales person, the conversion rate will usually be very low, but the leads generated will be serious prospects.

The diagram above shows just a representative sampling of incentives for response that can be used; there are many other creative incentives that can be offered. The point is that the level of involvement required of the visitor is the key to estimating both the probable response rate and quality of the resulting leads in your bucket.

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Fishing for B2B leads? Choose the right bait.

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The 8 Layers of a B2B Web Marketing Plan

Wednesday, October 8th, 2008

One way to think about designing a B2B technology web marketing plan is as a series of layers, like an onion. At the core is SEO—simply making your website “findable” through organic search to buyers who are looking for what you offer. Working out from the center are concentric layers of additional investment and sophistication.

Small companies and start-ups with modest budgets will focus most of their efforts on the inner layers or rings, which are primarily designed for lead generation. As the company and its marketing budget grow, efforts can be expanded to the outer layers, which are aimed more at branding but support lead generation efforts. Ideally, a company eventually reaches the outer layer where pure branding activities (such as print advertising) help to maximize the effectiveness of lead generation programs (such as SEM) near the center of the circle.


This diagram shows how different types of web marketing programs can be prioritized in order to maximize the return from any size B2B technology company online marketing budget. (It also shows why I don’t try to make a living as a graphic artist.)

Starting from the center and working out, a phased web marketing plan can be developed:

Layer 1. Search Engine Optimization (SEO)

Since (ballpark figures) 75% of b2b buyers use search engines to research vendors when making a purchase decision, and 75% of clicks are on organic search results rather than paid links, SEO alone has the potential to expose your company to half of all sales prospects. That makes SEO—keyword research, meta tag and content optimization, and link building—the logical starting point for web marketing.

Level 2: Search Engine Marketing (SEM)

Using the figures from the paragraph above, running text ads on search engines offers potential exposure to roughly another 20% of buyers. Since Google is the dominant search engine, it’s AdWords search program is the place to start. Once the program is fine-tuned and results are maximized there, SEM efforts can be expanded to the AdWords content network, then progressively to Yahoo Search Marketing, Yahoo’s content network, MSN AdCenter, and finally to Microsoft’s content network.

Level 3. IndustryBrains

B2c marketers have a wide variety of ad networks to choose from, but for technology-focused b2b vendors, IndustryBrains (recently folded into Marchex Adhere) is far and away the leader. This networks enables you to run text and print ads across popular technology websites like PC Magazine, Network World, PC World, Intelligent Enterprise, InformationWeek and InfoWorld with a single buy.

Level 4. White Paper Syndication and Guaranteed Lead Generation Programs

Guaranteed lead gen programs generally promise X leads for Y dollars, and are offered by individual publications as well as aggregators such as ITtoolbox, TechTarget, FindWhitePapers.com and NetLine. These are also referred to as white paper syndication programs as white papers are most commonly used as the incentive for response (though other assets including case studies, reports, even podcasts and recorded webcasts with some media outlets, are also used.)

Though primarily used for lead gen (as the name implies), these programs provide some branding benefit as well. The quality of the leads tends to improve as more targeted media are used.

Level 5: Banner Advertising

Unlike search marketing and targeted network ads, which are priced on a cost-per-click (CPC) basis, banner advertising is sold on a cost-per-thousand impressions (CPM) basis. While network buys are common in b2c marketing, b2b banner advertising is generally purchased directly from media publishers.

Because of the low click-through rate of banner ads, they are generally viewed as primarily branding, secondarily lead generation. Again, however, this varies with the publisher: broad titles such as InformationWeek are mostly for branding, while banners on narrowly-targted sites like Wall Street & Technology are reasonably effective at lead generation (though this particular publication may not be the best choice at the moment).

Level 6: Email Marketing

Email marketing comes in two varieties: enewsletter advertising and email blasts to targeted, purchased (or rented) lists. Enewsletter advertising is generally the less expensive alternative, on a CPM basis since your ad is “sharing” space with editorial content and, in most cases, with other advertisers. However, these ads may also be better for branding as they are seen as less intrusive and your company benefits from the association with the publication and surrounding content.

Email blasts are more targeted as you can send to only a selected subset of the publisher’s overall subscriber base, filtered by title, company size, industry vertical, geographic location and/or other criteria. In addition, your ad isn’t competing with any other content in the email message.

Because the effective cost per click tends to be much higher than search engine marketing (often by a factor of 10 or more), the value of email marketing is generally viewed as primarily branding with a lead gen component.

Level 7: Webinar Sponsorships

Many publications sell “turnkey” webinar sponsorship packages where the publisher provides most (or all) of the content, promotes the webinar and delivers it; sponsoring vendors are then provided with contact information for all registrants and attendees. Although webinar sponsorship is primarily a lead generation activity, it is in an outer layer of the web marketing bullseye because of the level of investment required: programs generally range from $20,000-$30,000 for a single webinar.

Level 8: Print Advertising

Although various types of “print-to-web” programs are offered, and some publications offer print advertisers comparable space in their digital editions at no extra charge, the value of print advertising is almost strictly branding. Because companies willing to invest in print advertising are often perceived as industry leaders, this activity definitely supports online advertising and other lead generation efforts. However, costs are high and benefits difficult to measure with any precision.

Summing It Up

A “well-dressed” web marketing plan starts with solid SEO, then works outward from direct lead generation programs to more expensive and beneficial-but-difficult-to-measure branding activities. Vendors with limited budgets necessarily begin with core activities that provide easily measurable, short-term payback. As budgets increase, branding activities in the outer layers can be added to enhance the performance of core lead gen programs.

Interactive PR and social media engagement also provide branding benefit by increasing awareness and credibility for vendors. Like outer-layer web marketing programs, these activities have little direct lead generation value but can increase the return on SEM and other lead gen expenditures.

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Contact Tom Pick: tomATwebmarketcentralDOTcom

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The 8 Layers of a B2B Web Marketing Plan

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Average CTR for Banner Ads - New Data

Tuesday, September 16th, 2008

MarketingSherpa just published a short article, Banner Ad Size and Click Rate: Bigger a Bit Better, But It’s Clicks that Count, that includes this chart:


Three observations stand out:

1) The data haven’t changed much since last year, when it was reported here that “The average CTR for banner ads is roughly 0.25%, with a reported range of 0.17% to 0.40%.”

2) Click-through rates are pathetic regardless of ad size, so don’t use CTR as the primary metric for evaluating banner advertising. In the words of MarketingSherpa, “Online ads are branding tools. Direct clicks are simply a happy byproduct.” Banner advertising is most commonly sold on a CPM basis (and with CTR’s like that, it’s no wonder). CPMs on B2B publisher sites typically range anywhere from $30 t0 $120, meaning that a banner advertiser is paying $15-$60 per click based on the average CTR of 0.21%.

3) The best response rates come from 300×250 ads, which are typically positioned in the top right corner of a web page—no suprise, as that is generally considered the most prime real estate on any web page. Both the 728×90 and 468×60 horizontal banners are typically used at the top of a web page, but notice the significant discrepancy in CTR; when buying real estate at the top of a page, size clearly matters. The remaining ad sizes shown in the chart are skyscraper ads, most commonly positioned on the right and left sides of page content well below the top of page, often below the fold. Interestingly, size doesn’t seem to matter much on skyscrapers.

Conversion rates for B2B ads continue to average about 2.8%. That means, on average, you’d need 17,000 impressions to generate one lead—at an average cost of $1,258! So again: banner ads are branding, not revenue or lead generation. They may very well have a role to play in your marketing mix, but it’s important to understand what that role is.

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Contact Tom Pick: tomATwebmarketcentralDOTcom

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Average CTR for Banner Ads - New Data

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Branding & Entertainment? Web 2.0? Pick an Event, a Coast and a Discount

Monday, August 4th, 2008

Being the most informed and sophisticated marketing and PR executives on the planet, readers of this blog know that WebMarketCentral is the place to find a comprehensive calendar of live and online marketing events. However, in that wealth of content, it’s easy to overlook something. Here are two events that deserve special attention.

L A Office RoadShow Branding and EntertainmentFor brand marketers, the L.A. Office RoadShow runs September 16-18 in Hollywood. There’s no other event like this one for meeting the “players” and making connections in the entertainment industry. RoadShow is a global event that brings brand marketers together with 100 marketing execs from 40 top entertainment companies. Brands of all sizes can discover and capitalize on entertainment tie-in opportunities. It’s a unique annual event where brand marketers can meet the right people and develop valuable industry partnerships for brand promotion.

The people behind RoadShow are offering WebMarketCentral readers extended special pricing on advance registration—a $200 discount to marketers who call (310) 275-2088 and register before August 31st with the promo code RS08-RD. To find out more information about the event, including present companies, current attendees and travel information, check out www.RoadShowHollywood.com.
Web 2.0 Expo New York
On the other side of the country, the Web 2.0 Expo will come to New York City September 16-19. Tim O’Reilly and TechWeb take this event, connecting the builders of the web with the brightest minds, hottest ideas, and most useful tools, to the East Coast for the first time. Web 2.0 Expo will bring together executives from the big brands and big industries in New York with the creative minds behind the next generation of the Internet, to learn, share, network and shape the future. This event will bring together the thinkers behind and builders of the next generation web: designers, developers, entrepreneurs, marketers, business strategists, and venture capitalists. Together, they’ll share experiences, lessons from failure, ideas for what’s next, and how to practically apply new web technologies. Web 2.0 is about creating more business value while providing a more meaningful experience for customers, delivering relevant information and increasing collaboration.

Interested? Use discount code webny08bd17 to receive either $100 off the conference or a free Expo Pass when you register at web2expo.com/ny.

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Branding & Entertainment? Web 2.0? Pick an Event, a Coast and a Discount

Monday, August 4th, 2008

Being the most informed and sophisticated marketing and PR executives on the planet, readers of this blog know that WebMarketCentral is the place to find a comprehensive calendar of live and online marketing events. However, in that wealth of content, it’s easy to overlook something. Here are two events that deserve special attention.

L A Office RoadShow Branding and EntertainmentFor brand marketers, the L.A. Office RoadShow runs September 16-18 in Hollywood. There’s no other event like this one for meeting the “players” and making connections in the entertainment industry. RoadShow is a global event that brings brand marketers together with 100 marketing execs from 40 top entertainment companies. Brands of all sizes can discover and capitalize on entertainment tie-in opportunities. It’s a unique annual event where brand marketers can meet the right people and develop valuable industry partnerships for brand promotion.

The people behind RoadShow are offering WebMarketCentral readers extended special pricing on advance registration—a $200 discount to marketers who call (310) 275-2088 and register before August 31st with the promo code RS08-RD. To find out more information about the event, including present companies, current attendees and travel information, check out www.RoadShowHollywood.com.
Web 2.0 Expo New York
On the other side of the country, the Web 2.0 Expo will come to New York City September 16-19. Tim O’Reilly and TechWeb take this event, connecting the builders of the web with the brightest minds, hottest ideas, and most useful tools, to the East Coast for the first time. Web 2.0 Expo will bring together executives from the big brands and big industries in New York with the creative minds behind the next generation of the Internet, to learn, share, network and shape the future. This event will bring together the thinkers behind and builders of the next generation web: designers, developers, entrepreneurs, marketers, business strategists, and venture capitalists. Together, they’ll share experiences, lessons from failure, ideas for what’s next, and how to practically apply new web technologies. Web 2.0 is about creating more business value while providing a more meaningful experience for customers, delivering relevant information and increasing collaboration.

Interested? Use discount code webny08bd17 to receive either $100 off the conference or a free Expo Pass when you register at web2expo.com/ny.

*****

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