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There's an Alert for That: The B2B Marketer's Edition
There are a handful of obstacles we hear about from B2B brands. Our teams at Rise knew we could solve these challenges—and many others—in real time by building the right data infrastructure and data mining capabilities. Enter: Connex Alerts.
B2B ABM Strategies: A 3-Part Guide
The Right Digital Customer Experience for B2B ABM
B2B marketers are facing digital acceleration and significant pressure to determine how they can shift more of their marketing tactics to online media. For many B2B marketers, this shift has to accommodate an Account Based Marketing (ABM) strategy: a specified list of accounts that serves as the central target audience in order to create more personalized experiences. At its most effective, an ABM strategy can improve B2B marketing efficiency by capturing the leads with highest value and intent, thereby shortening the B2B sales cycle and exploding media ROI.
So what does the most effective ABM strategy look like? For starters, it requires lock-step alignment between marketing and sales to close the loop on qualified leads. Below, we’ll dive into the steps of one essential component to this collaboration: the right digital customer experience for your target audience.
Customer Experience Strategies for Your Target Audience
Mapping the Customer Journey
For acquisition-focused B2B companies especially, the customer journey to conversion through owned media is a key consideration for business growth. Start by asking yourself the following questions:
- What is the journey we want a client to take? Is there one primary conversion point where you want to direct users? If there are multiple, are you accurately and equitably tracking the conversion metrics between those points?
- Where are we strong? Through an audit of your customer’s journey, you may find that certain content pages on your site are more likely to inspire users to click to a conversion page, or users from a specific referral source have higher propensity to convert. Understanding your strengths presents an opportunity to scale that strategy out for more conversions.
- Where are we weak? Similarly, understanding where your site experiences the most significant dropoff in traffic can help you engineer new page paths to correct that deficiency.
- How do we align this to our target audiences? One immediate check you can take on pages and sources with low conversion rates is confirming that your messaging above the fold is speaking directly to the needs of your target audience. Why should your audience choose you? Oftentimes, the most compelling way to answer that question is by first showing you understand the audience’s need. Make that connection with your users in a clear way for a great first impression.
Reducing Friction in the Customer Journey
In addition to communicating your value proposition and understanding your customer’s journey, you need to apply a technical focus to the conversion rate and potential bottlenecks in your brand’s website experience. Optimizing for a data-driven journey flow can propel media spend from merely a supporting growth factor to a leading driver of growth.
Secondly, though many marketers see digital as a separate group, budget, and initiative, those of our clients who are best-positioned for growth simply do not see business that way. We need to ensure the role of digital media is aligned within the larger customer-facing marketing effort. This is done by conducting a symphony of effective marketing engagements driving clients on a compelling and effective path to conversion. Without this alignment, poor customer experience and disjointed efforts will result in wasted media spend and worse: lost potential revenue. Digital can be a leader here by providing the data on your clients’ and prospects’ behaviors, as well as key demand information from channels such as search, which can help reveal prospect intent.
Let Rise help you drive record-breaking business results. In 2020, our B2B expertise brought hockey stick performance improvements to a leading B2B manufacturer. To learn more how a Rise partnership can benefit your brand, reach out to us.
VIDEO | Driving Growth Through B2B Digital Marketing
At Rise, we understand B2B brands are constantly focused on delivering relevant experiences to customers and allocating budgets appropriately. As a full-service digital marketing agency, our Interactive Investment Management (IIM) approach and Connex®, our proprietary media optimization platform, are keys to ensuring our clients are investing every dollar in the most impactful way.
In the video below, Howard Diamond (Chief Strategy Officer) explains how Rise’s approach to B2B digital media drives remarkable growth for clients.
Rise can help you drive a better outcome for your media investments. Reach out to learn how to implement the best strategies and technology for your business.
How We Did It: Redesigning a B2B Digital Identity (Our Own!)
The Right Media Optimization Framework for Your B2B ABM Strategy
B2B marketers are facing digital acceleration and are now faced with the critical decision of how they can shift more of their marketing tactics to online media. For many B2B marketers, this shift has to accommodate an Account Based Marketing (ABM) strategy, a specified list of accounts that serves as the central target audience in order to create more personalized experiences. At its most effective, ABM strategies can improve B2B marketing efficiency by capturing the leads with highest value and intent, thereby shortening the B2B sales cycle and growing media ROI.
So what does the most effective ABM strategy look like? For starters, it requires lock-step alignment between marketing and sales to close the loop on qualified leads. Below, we’ll dive into the steps of one essential component to this collaboration: the right media optimization framework.
The Right Media Optimization Framework
There is an art and science to delivering a strong, relevant customer experience. The art is setting up the right ads within the right media strategy targeting the right audience. The science is making sure you’re using data to tell you if the experience and journey a potential customer went on was good enough to make them convert. Being data-driven and having the right framework in place allows you to feel confident that your artful decisions are supported.
To establish this data-driven framework, your campaign measurement should be aligned to the goals you have set for business growth. Remember that customer experience continues through the web, into further engagements of research, and of course, their experience through both the marketing and sales funnels, all of which need a place in your plan. Establishing a framework that enables both efficiency in spend and efficiency in return is crucial, however, supporting metrics of engagement and experience will yield improvement opportunities through the larger digital experience. Let the data inform you on what is working and be agile to shift strategies to those tactics that are performing well.
Alignment to your CRM is the key. The impact of closed-loop on your marketing efforts through the sales funnel enables you to map efficiency and targeting directly to the dollars that produce closed business instead of solely relying on marketing metrics. This creates a full cycle of optimization, to impact, to conversion, and back to optimization.
Having a media optimization platform that can scale your optimization strategy is what brings all of this strategy to fruition. Connex is Rise’s media optimization platform that enables granular performance optimization aligned to our client’s business goals. Connex was born from the DNA of Rise’s industry-leading cross-channel Interactive Investment Management philosophy: an agile approach to digital media that operates with your bottom line in mind.
Want to learn more about the power of a B2B measurement framework? Reach out to Rise.
Call Tracking Q&A with Ashmita Chatterjee
For Rise, strategic partnerships are more than just an investment. Along with our clients, our partners drive us to keep innovating and excelling at what we do. One of them is Invoca. Their Call Intelligence Platform provides great insights to understand the role of calls in marketing campaigns which have helped drive customer acquisition and retention strategies.
After partnering with them for 5 years, we can proudly say that winning the Partner Collaboration Award only proves how determined we are to keep integrating the latest technologies with our services for better overall results.
And back in 2016, we were recognized with the Invoca 'Call on me Award', a recognition for top implementers and service providers of call analytics solutions. One of the leaders behind this achievement was Ashmita Chatterjee, our Vice President of Account Management responsible for guiding our talented analytics team. Read on to find out from her how this story started and what we expect to see next for call tracking.
How did this partnership start?
Prior to moving to Rise’s Account Management team, I was the Director of Analytics. Back in 2015, we had just begun our relationship with a few healthcare clients including Nicklaus Children’s Hospital and were setting up sophisticated measurement frameworks for their paid media for the complex healthcare industry.
We’ve all been in a position where we need to call a hospital or doctor’s office to make an appointment; some circumstances make a detailed online form submission increasingly difficult, and there’s a duty to provide appointment access to everyone.
From a business standpoint, however, we ran into questions about the customer journey and close loop tracking. If a user clicks through a Search ad, navigates to a Contact form, and then calls to complete their inquiry/appointment, how do we track that back to media spend? We’re dealing with a crucial digital media question here: where is your media performance streamlining the call-to-conversion process for users?
I led the vendor selection process and was consistently impressed with Invoca. At Rise, a core value of our work is being an accountable extension of our client’s team, and that was the immediate impression I got from Invoca’s team. Not only did they have the sophistication we were looking for in a call tracking partner (third party integrations, data granularity at scale, voice of customer), they were taking our clients’ missions as seriously as we do. That made my decision easy.
How did this partnership change our work?
At that time, the industry wasn’t seeing this level of sophistication in call intelligence. Data was in silos and media impact was often relegated to upper funnel metrics. Few brands had their own call tracking vendor, but it was becoming a cost center rather than a solution, and the opportunity to synchronize call data with digital media was forcing marketers out of necessary budget.
Simply, call tracking data was all over the place—not actionable nor scalable.
We worked with Invoca on an agency contract where the economies of scale allowed us to pass on saved costs. Rise’s customer-centric approach was made possible by Invoca through customized solutions for each client’s unique business needs, allowing us to integrate call data with client CRMs for closed-loop reporting.
We worked closely together with the client's needs in the center not wanting to push any other agenda. The collaboration focused on innovation and problem solving. We became experts with this service but also solved real business problems for our clients. We did a couple of webinars focused on real examples of solving measurement bottlenecks with Call Tracking. We also won the Invoca 'Call on me Award' - also known as the 'Top Industry Thought Leaders' award, based on our leading partnership with them.
This partnership brought conversion data back to focus and empowered Rise marketers and lead gen clients to make data-driven decisions about media spend with the entire journey in mind. Even clients with multi-location data could accurately, and granularly, track those touchpoints.
But now all of this is just table stakes, which is actually really exciting for the industry.
So what’s next for call tracking?
Conversation analytics. I have been a proponent of Voice of the Customer for almost a decade. Conversation analytics is the pull approach to VOC, compared to the survey style which is more of a push approach. It’s all data waiting for the sophisticated infrastructure that can tap into it. Listening to thousands of hours of conversation for feedback just isn’t scalable.
Invoca is really leading the charge in this space with their Signal AI product, and marketers can expect to see more automated intelligence developed for this purpose. Signal paired with Rise’s agile team promises some really exciting business opportunities. Think about granular customer service call data reported automatically with thousands of data points, alerting you to an uptick in shipping delays mentioned by customers (for example). Within minutes, you can have that data back to your fulfillment team to improve the customer experience. At scale, improving your customer experience and reducing these types of calls will inherently improve CPA as more digital media spend can be allocated to the calls driving business results.
Get one of the best teams to help you achieve growth by identifying risks and opportunities on time. Invoca’s technology paired with Connex provides automated optimization that will make the understanding of your data much easier. Contact Rise and learn more about this partnership and how we can work together to keep driving your business forward.
The Incrementality Battle: A 3-Part Solution
At Rise, we routinely encounter the challenge of understanding what paid media is truly contributing to the bottom line for our clients.
Transparent Audience Strategies: The Fuel for Your B2B ABM Strategy
B2B marketers are facing digital acceleration and significant pressure to determine how they can shift more of their marketing tactics to online media.
Reducing Audience Overlap to Improve Multi-Channel Conversion Rates
As digital marketers, we're well-aware that developing a strong media strategy can be a challenging puzzle.
Rise Interactive Wins 8th Award in 2020 for Web Development Services
We are thrilled to share our 8th award win this year for website development.