A New Place To Face-to-Face: B2B Social Networking

I recently saw a study by the market research firm, Keller Fay Group which was sponsored by experiential marketing agency Jack Morton Worldwide that concluded that word of mouth is the #1 influence on business purchase decisions and is best leveraged through face-to-face marketing efforts. The study’s conclusion was based on the fact that 50% of the respondents polled reported that they were highly likely to buy a product or service based on word of mouth; while 49% passed on what they’ve heard to others. The study goes on to say that “Business decision-makers most value communication channels that provide two-way dialog.”

I am not going to dispute that general claim that people are influenced by others and, more often than not, that communication comes in the form of a conversation. That seems totally reasonable. In addition, I do believe that people want engagement through a two-way dialog. However, I am not convinced as the study claims, that “face-to-face marketing efforts” are the primary method required to influence purchasing decisions.

I believe that there is a new way to initiate a two-way dialog (i.e. word-of-mouth) with others and share ideas and opinions in an open and engaging manner that does not require face-to-face marketing efforts. In fact, we see it all the time today, just not as frequently in a B2B environment. They are called social networking sites and they are one of the fastest growing channels on the Internet.

While their application is not yet mainstream in the B2B world, marketers are starting to leverage them. In fact, a study conducted in March of this year by B2B Online found that 26% of those polled indicated that they have in fact used a social networking site as a marketing channel, while another 22% indicated that they plan to do so this year. Another study conducted by iProspect found that the top reasons for placing content on social networking sites include driving traffic (51%); creating brand awareness (32%); direct selling (25%); and influencing a purchase decision (15%).

While I believe that we will never see the adoption of social networking sites for purposes of B2B marketing like we will for BtoC marketing, I think there is much we can learn from these sites in creating an open and engaging two-way dialog with your target prospects online without having a face-to-face discussion with someone.

If you believe that people want to engage with, and trust other people that share their common interests, then why can’t social networking work for B2B marketers? Social networking sites are really just communities of like-minded individuals that want to engage with others and share ideas and opinions.

In fact, I recently read about a good example of how B2B companies can leverage social networking sites. The site, called ITtoolbox Community Hub, is a recently-launched site of IT professionals that, among other things, allows users to share and compare information with peers who have similar interests including evaluating IT vendors This site allows its 1.5 million registrants post to blogs, join topic-based groups and check up on recent postings from their Connections, the site’s version of MySpace friends.

In an interview, George Krautzel Co-founder and President of ITtoolbox noted that online social networking for IT “is going to facilitate a lot more knowledge-sharing between [users] since people will be more familiar with each other.” He then went on to say that when presented in a “professional sense,” people will use networking sites like his “for real value and knowledge exchange.” And that this will translate to real value for advertisers who reach out to them there.

It seems logical to me. It does not require any face-to-face marketing efforts, but provides an engaging two-way dialog that many seem to desire.

Now before you run off and start participating in 100 different social networking sites, there are a few rules to abide by. First make sure you are only participating in those sites that are truly relevant to your product or service. Second, participate in a transparent fashion. Let people know who you are and be open and honest. Third, be prepared to accept the good with the bad. Don’t get defensive if people don’t love your product or service. Use this as a critical R&D feedback loop.

Finally, don’t assume you can visit a site once a month and post a few comments. You need to become part of the community through consistent and honest participation. If you can’t commit to that do not get involved. If you violate any of these rules the community will turn their back on you.

Again, I am not minimizing the value of a face-to-face recommendation or reference. I just believe that we can use the Internet to create communities of people that can share opinions and ideas via one-to-one conversations in a more efficient and scalable manner.

Robert J. Murray is president of search engine marketing firm iProspect and can be reached at rob.murray@iprospect.com. The Strictly Business column appears Wednesdays at Search Engine Land.

Opinions expressed in the article are those of the guest author and not necessarily Search Engine Land.

Related Topics: B2B Search Marketing Column | Channel: Social | Social Media Marketing

Sponsored


About The Author: is president of search engine marketing firm iProspect and can be reached at rob.murray@iprospect.com.

Connect with the author via: Email



SearchCap:

Get all the top search stories emailed daily!  

Share

Other ways to share:

Read before commenting! We welcome constructive comments and allow any that meet our common sense criteria. This means being respectful and polite to others. It means providing helpful information that contributes to a story or discussion. It means leaving links only that substantially add further to a discussion. Comments using foul language, being disrespectful to others or otherwise violating what we believe are common sense standards of discussion will be deleted. Comments may also be removed if they are posted from anonymous accounts. You can read more about our comments policy here.
  • http://foxadv.blogspot.com personalchef

    Yes they have pretty good tools too, Their News letter Daily-Briefing, White papers are pretty awesome for IT and related Industry. Their Alerts are pretty handy and got a lot of useful information. Just like Search engine land,it delivers Daily Briefing to your inbox.
    Thank Danny
    Suresh

  • http://foxadv.blogspot.com personalchef

    Yes they have pretty good tools too, Their News letter Daily-Briefing, White papers are pretty awesome for IT and related Industry. Their Alerts are pretty handy and got a lot of useful information. Just like Search engine land,it delivers Daily Briefing to your inbox.
    Thank you
    Suresh

  • http://www.gowholesale.com Kari

    There are some other B2B networking sites that don’t just target IT professionals. I came across an interesting one that targets small business owners, entrepreneurs, marketers, etc. called Free IQ. Members can post their own content in the form of videos, podcasts, and PDFs. It’s not a social bookmarking site, although IMO that’s what it should evolve into so it’s not just a place for people to blatantly promote themselves.

    Robert – it’s interesting that you mention that when participating at social networking sites, that one should be honest and transparent about who they are in order to be accepted. I’ve always heard the opposite – members don’t want to be marketed or sold to, so one should not portray themselves that way. I guess it’s different when it comes to B2B – if someone is using the site to find and share content having to do with their business, then they want to receive what the B2B marketer is sharing; however, marketers should become a part of the community at the same time in order to open channels of communication with prospects in a more personal fashion.

  • http://www.craftcentral.com stevebrocons

    Yes I agree that B2B decision are not 100% influenced by face to face interaction but with face to face interaction there is always an element of doubt. Decisions are influenced more by unknown members in the community whom we feel are sharing experience rather interacting to evoke a particular response. We run B2B portals on various industries and have followed their buying behavior over a period of time.

 

Get Our News, Everywhere!

Daily Email:

Follow Search Engine Land on Twitter @sengineland Like Search Engine Land on Facebook Follow Search Engine Land on Google+ Get the Search Engine Land Feed Connect with Search Engine Land on LinkedIn Check out our Tumblr! See us on Pinterest

 
 

Click to watch SMX conference video

Join us at one of our SMX or MarTech events:

United States

Europe

Australia & China

Learn more about: SMX | MarTech


Free Daily Search News Recap!

SearchCap is a once-per-day newsletter update - sign up below and get the news delivered to you!

 


 

Search Engine Land Periodic Table of SEO Success Factors

Get Your Copy
Read The Full SEO Guide