Today was my last full day at SxSW and it was once again filled with great discussions. For once I decided to forgo payments panels, and spent more of my time in panels that discussed B2B social media as well as a panel on brand journalism, and yes, one on the future of money.
The brand journalism panel and B2B panels were filled with a lot of insight and tips that will be of interest to our B2B clients and to B2B communications professionals.
First, it is clear that B2B companies are embracing content marketing. According to a survey from Marketing Profs, 49% of companies plan to increase their content marketing spending in the next 12 months. The two biggest content challenges these companies face are: 41% their content is not engaging enough and 20% have trouble producing enough content. As trusted advisors, communications professionals need to find ways to help our clients overcome both of these challenges.
This brand journalism panel, and a solo presentation from Tim Washer, Cisco’s Senior Manager of Social Media, hit on a key issue: B2B companies need to remember to talk to people in a human way.
B2B purchasing decisions are made both on facts and emotions. If you sell on just speeds and feeds in a competitive market, you are at a competitive disadvantage. Communicators need to keep this in mind and call out the human elements inherent in any story.
Following are four other key insights it took from the panels today:
- Gamification is everywhere and is starting to be used to drive B2B engagement. When people hear about gamification they tend to think of consumer brands, Foursquare badges or Scvngr. But Cisco has added badges to at least some of its blogs. Now visitors can receive badges for visiting the blogs, leaving their first comment, leaving 10 comments, Tweeting the blog post, etc. This is a great step. It is an easy and focused incentive to drive the business outcomes a company desires (engagement and awareness). IBM and Xerox also spoke about how they are using gamification, with IBM using it internally to drive activity and identify those most passionate about social media.
- Re-examine how you gather registration information. Cisco and other B2B companies are using Facebook and OpenID to enable social login. Why does this matter? Since Cisco implemented it, they have seen a 40 percent reduction in cost and 20 percent increase in registration.
- B2B Needs to embrace video – If your B2B company is not yet using video as part of its communications strategy you are missing great opportunities. Here is a great video from Cisco about how it is helping in Africa. It does a great job humanizing the story and moving it beyond the basics.
- Look at humor. This one is near and dear to my heart as I do standup comedy in my spare time, and understand the power of humor in business. Humor in B2B can engage your prospects and customers. It is a positive emotion, humanizes the brand, builds goodwill and cuts through the noise. If you don’t have the budget, go to a film school and ask the professor for his best seniors. Offer them an internship and $1000 if you end up using their final product. One example of humor in action comes from this Cisco Valentine’s video. It has almost 200,000 views and drove coverage in the New York Times, Network World, Light Reading and other outlets. See it here.
If B2B communicators start doing just one of these things that they may not be doing today, they will help their brand prosper and their communications programs deliver greater ROI.
The five most quotable observations from Monday at SxSW:
- Content is the new black
- Your B2B story may not be good enough for TV, but it is good enough for YouTube, your clients and prospects
- Information without analysis in the information age is as valuable as stone in the stone age
- We make things complex because frequently we are too insecure to be simple. But look at Apple. Simplicity sells.
- Question conventional wisdom. For Trulia, blogs about sports figures drove 3x the traffic as those about celebrities
Posted by Mark McClennan on March 13, 2012 at 12:10 AM