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WEBINAR Boost Your B2B Marketing Success With Advocate Marketing
Laura Ramos, Vice President, Principal Analyst March 2, Call in at 12:55 p.m. Eastern time
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Image source: Goodwill (yourgoodwill.org)
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Image source: Gainsight (http://www.gainsight.com/)
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Agenda Why the digital age increases importance of customer goodwill How advocate marketing turns goodwill into business value Four steps you can use to put advocate marketing to work
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Agenda Why the digital age increases importance of customer goodwill How advocate marketing turns goodwill into business value Four steps you can use to put advocate marketing to work
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Buyer empowerment creates a new age of competitive advantage
Source: “Winning In The Age Of The Customer” Forrester report
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Digital shifts the balance of power to your customers
Source: “Winning In The Age Of The Customer” Forrester report
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Image source: Entrepreneur (https://www.entrepreneur.com/)
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Advocate marketing is . . . The use of marketing strategy, budget, and resources to encourage customers, employees, or partners to do something on behalf of your company, with or without the expectation of mutual benefit. Source: “Advocate Marketing Creates B2B Customer Relationships That Last A Lifetime” Forrester report
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Agenda Why the digital age increases importance of customer goodwill How advocate marketing turns goodwill into business value Four steps you can use to put advocate marketing to work
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AoC heightens importance of advocacy
“Why is advocacy more important in B2B marketing today?” Base: 26 B2B marketing professionals or technology providers (Qualitative research, open-ended responses, top 5 shown) Source: “Advocate Marketing Creates B2B Customer Relationships That Last A Lifetime” Forrester report
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“Social proof can't come from the company; it must come from customers
“Social proof can't come from the company; it must come from customers.” – Howard Tarnoff, SVP of customer success, Ceridian
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Greater brand reach at lower cost
Advocates Reach ENGAGE ASK USE BUY EXPLORE DISCOVER
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Advocacy has measurable impact
1,400 advocates tweet 400 to 500 times a week. Generated 800 reviews from customers and partners. REV* = $250 million in closed/won deals. Influenced additional $500 million in pipeline. Source: “Forrester Groundswell Award Winners Provide Hope To Struggling B2B Marketers” Forrester report *REV = Reference Engagement Value
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Personal, engaged customer relationships
“Now I know what business books he's reading and we chat about those. The program helps our web of influencers work with every account in this way.” – Holly Zoba, SVP of sales, Signature Worldwide
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Advocacy delivers relationship value
“What benefits have you realized from your advocacy programs?” Source: “Advocate Marketing Creates B2B Customer Relationships That Last A Lifetime” Forrester report
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Relationships That Last A Lifetime
Strategy Program tactics
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Agenda Why the digital age increases importance of customer goodwill How advocate marketing turns goodwill into business value Four steps you can use to put advocate marketing to work
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No. 1: Decide what advocacy should achieve
Which business goals can you impact most with customer goodwill? Reach and educate. Validate claims. Generate business. Collaborate. Source: “Advocate Marketing Creates B2B Customer Relationships That Last A Lifetime” Forrester report
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Successful advocacy programs focus on participants
Keep the focus here. What’s in it for them? What’s in it for us?
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Advocacy marketing prerequisites
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No. 2: Use the IDEA cycle to plan programs
Source: “CIOs: Use Your BT Agenda To Support eBusiness Strategy” Forrester report
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Identify: Understand advocate motivations
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Be thoughtful about selection criteria
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Design: Shift from siloes to strategic
Source: “Establish Your B2B Advocate Marketing Goals Before Choosing Tech Suppliers” Forrester report
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Engineer: Three basic levels to consider
Relationship Advisory board Key influencers Depth References and case studies User conferences and online communities Reach Referring Sharing Educating
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Reach: Bomgar uses holiday fun to increase membership and activity
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Depth: FireEye uses education to drive leads and revenues
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28 feedback contributions
Depth: Aerohive boosts engagement by focusing on participant wish lists 29 IT tool tips 28 feedback contributions 6 product reviews “I never thought PR would be expected to bring in leads now I can.” — Jenni Adair, director of corporate communications and customer advocacy, Aerohive Source: Aerohive (
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Relationship: Blackbaud Champion reviews reposition its products
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Exclusive: LexisNexis brings IT and business execs together; ends up driving new revenue
Intimate session: facilitated dialogue, track sessions, and demonstrations Customers present own case studies. With participating members: Sales cycle decreased from nine to four months Closed more deals in one quarter than prior two years Moved LN from vendor to partner Source: Geehan Group (
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Analyze: Get clear on what you want to measure and report
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Use reciprocity to balance scope against program scale
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No. 3: Develop your recruitment process
Identify/approve member selection criteria. Make the recruitment process continuous. Set clear expectations: Be crystal clear on rewards and membership criteria. Have a process for reinvigorating dormant members, or culling them out. Create a way to stay in touch with alumni.
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To increase engagement, make it easy
Fit in their daily workflow. Entertainment and engagement count. Measure to make results tangible (inside and out). Staff to recruit well.
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Master links between advocates, engagement, and value
Get involved to keep advocates involved. Make participation valuable. Express heartfelt gratitude. Build relationships at scale. Keep it strategic!
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No. 4: Know your technology/service options
Focus on outcomes/goals. What do you have? What might you need? Run the program without technology first to make sure it “works” — then invest to scale.
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Address advocate program dependencies
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Recommendations Audit your customer goodwill
Secure executive commitment to tapping into the potential value of goodwill Link goals to explicit measures of success Review dependencies Start small but keep it strategic
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=
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To learn more: Report: Advocate Marketing Creates B2B Customer Relationships That Last A Lifetime Report: Establish Your B2B Advocate Marketing Goals Before Choosing Tech Suppliers April 26-27, New York May 23-24, London
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Laura Ramos @lauraramos
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MARKETING 2016 April 26-27, 2016 • New York Hilton Midtown • New York As digital technologies empower independence and fragment attention, modern marketing teams must deepen their understanding of their rapidly evolving digital customers. Marketing professionals will learn how to master available options for technologies, agencies, and suppliers in today’s complex marketing ecosystems and orchestrate powerful marketing campaigns and tactics across multiple channels and platforms.
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MARKETING EUROPE 2016 May 23-24, 2016 • Lancaster London • London As digital technologies empower independence and fragment attention, modern marketing teams must deepen their understanding of their rapidly evolving digital customers. Marketing professionals will learn how to master available options for technologies, agencies, and suppliers in today’s complex marketing ecosystems and orchestrate powerful marketing campaigns and tactics across multiple channels and platforms.
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