Understanding B2B digital marketing
Did you know that 56% of business-to-business (B2B) organizations invest in digital marketing? To stay ahead of competitors, business-to-business (B2B) marketers like you should have some digital marketing tips and tricks up their sleeves.
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Arguably, conversion rate is the most important metric in B2B digital marketing—after all, your strategy isn’t working unless it’s actually resulting in new customers. Conversion rate is a direct reflection of lead quality and marketing effectiveness, so it’s an important metric to get right!
Digital marketing efforts take time to yield results, and you need to track monthly trends over time to determine if those results are due to your strategy or driven by another cause. As an example, an SEO strategy will start to establish search results over 6 to 12 months.
Since digital marketing includes many different strategies (including email marketing, SEO, PPC, social media advertising, copywriting and more), the cost can (and should!) be unique to your industry, audience and business needs. On average, a mid-size B2B company can expect to an SEO project to cost between $1,000 and $5,000 per month, with PPC running around $15,000 to $20,000 per month.
Absolutely! The key to success in B2B digital marketing with a small team is efficiency—using your marketing budget in the most effective way possible to generate leads and assist your sales team in converting prospects into new paying customers.
The 95-5 rule states that only 5% of your target audience is actively buying right now, while 95% are “out-of-market.” Balance your strategy by investing in both long-term brand building (content, SEO, thought leadership) to stay memorable and short-term tactics (PPC, demos) to capture immediate demand when buyers enter the market.
Start with foundational strategies first: define your positioning and target audience, then build a user-friendly website with basic SEO. Next, layer in content marketing and email nurturing to attract and engage leads. Add paid channels like PPC and social media once you’ve established these fundamentals and can measure what’s working.
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