B2B: Customers are in charge – and so what?

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B2B: Customers are in charge – and so what? Forget the funnel and cultivate the eco system Kristoer Okkels, Digital Business Consultant Lars Elkjær Andersen, Director, Clients & Sales, Aarhus morgenbriefing

Transcript of B2B: Customers are in charge – and so what?

Page 1: B2B: Customers are in charge – and so what?

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B2B: Customers are in charge – and so what? Forget the funnel and cultivate the eco system Kristoffer Okkels, Digital Business Consultant Lars Elkjær Andersen, Director, Clients & Sales, Aarhus

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morgenbriefing

Page 2: B2B: Customers are in charge – and so what?

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Agenda

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Four major trends Cases

The modern B2B buyer

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Four major trends

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Speed of Change

1

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Every new technology cycle supports

10 times more users and devices.

KPCB/Mary Meeker

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Social technologies are adopted at an increasing speed.

McKinsey Global Institute

http://www.mckinsey.com/insights/high_tech_telecoms_internet/the_social_economy

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Connectivity 2

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75% of all businesses use social collaboration tools in 2013.

eConsultancy

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Top-PowerPoint menu 96% of B2B tech buyers engage with one or more social media site and service.

IDG Research Services

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Big Data 3

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Companies embracing big data are

4% more productive and have

6% higher profitability McKinsey Global Institute

© Creuna http://www.mckinsey.com/insights/high_tech_telecoms_internet/ten_it-enabled_business_trends_for_the_decade_ahead

Page 12: B2B: Customers are in charge – and so what?

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Top-PowerPoint menu B2B marketers can use big data to drive more targeted and effective campaigns.

Lisa Arthur, author of ’Big Data Marketing: Engage Your Customers More Effectively and Drive Value’

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http://www.forbes.com/sites/lisaarthur/2012/04/17/b2b-marketers-use-big-data-new-tools-to-evaluate-execute-evolve/

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Organizations that fail to be transparent will have it forced upon them.

Harvard Business Review

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see opportunities adaptive communication utilize your data keep your door open

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Four major trends Cases

The modern B2B buyer

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The nature of B2B buying is changing

The buyer perspective:

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Page 18: B2B: Customers are in charge – and so what?

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1. Who’s involved? 2. Where does the research

and purchase happen? 3. What influences the process?

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Page 19: B2B: Customers are in charge – and so what?

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Who’s involved in the buying process?

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Centralization

Sharing

Involvement

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In most large organizations,

decentralized buying is dead.

John O’Gorman, author of “The B2B Sales Revolution”

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http://buyer.sellerinsights.com/2013/06/13/why-decentralized-buying-is-dead/

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more than 25 people. CMO Council

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DemandGen Research

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Business buyers are people, not faceless companies.

Forrester Research © Creuna

http://blogs.forrester.com/laura_ramos/08-10-24-will_b2b_marketing_become_obsolete_part_ii

Page 24: B2B: Customers are in charge – and so what?

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Where does the buying take place?

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Multiple touchpoints

Omni-channel

Online sales

Online loyalty

Personal interaction

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The business-from-business buyer is already much more multichannel than the business-to-business sellers are.

Forrester Research

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Page 26: B2B: Customers are in charge – and so what?

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3-5% of B2B eCommerce sales 7-10% of B2B eCommerce traffic

Forrester Research

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http://www.forrester.com/The+New+And+Emerging+World+Of+B2B+Commerce/fulltext/-/E-RES90701?al=0

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Several important touchpoints

Forrester Research

http://www.forrester.com/How+B2B+Marketers+Use+Social+Now/fulltext/-/E-RES94263

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40% of corporate buyers spend at least half of their procurement budget online.

© Creuna http://www.acquitygroup.com/news-and-ideas/thought-leadership/article/detail/stateofb2b

59% of those who buy online make purchases of $5,000 or more.

Acquity Group

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Online-only and omnichannel customers…

•  Are more likely to make repeat purchases

•  Have higher average order value

•  Are more likely to add items to orders and order in bulk

© Creuna http://www.hybris.com/en/news-events/press-releases/131030-b2b-market

Forrester Consulting

Page 30: B2B: Customers are in charge – and so what?

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Top-PowerPoint menu Even in the digital era, personal interactions with sales reps remain the most influential factor for B2B customers.

McKinsey Quarterly

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Page 31: B2B: Customers are in charge – and so what?

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What influences the modern buyer?

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Content Relationships

Price and convenience

Transparency

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99% of buyers place high emphasis on the

trustworthiness of the content they view, but only 9% trust

content from vendors DemandGen Research & CMO Council

© Creuna http://bit.ly/1kxDB5P & http://www.cmo.com/articles/2013/6/3/b2b_buyers_don_t_tru.html

Page 33: B2B: Customers are in charge – and so what?

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87% of all customers say online content have high or moderate influence on their vendor selection.

CMO Council

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81% value interaction with technical experts

38% value interaction with sales reps.

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85% would discard their loyal supplier for a vendor with a lower price.

© Creuna http://www.acquitygroup.com/news-and-ideas/thought-leadership/article/detail/stateofb2b

71% would discard their supplier for a vendor with a more convenient buying process. Acquity Group

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Demand is growing rapidly for web-based self-service eCommerce capabilities that allow customers to research, make, and service their purchases from any device.

Forrester Consulting

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empowered to the bone +digitally engaged

+a collaborative jedi +demands content and expertise

+but still human after all

Your New Customer

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Four major trends Cases

The modern B2B buyer

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New times, new measures

The sales perspective:

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>

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The Customer Journey

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discover

Find

compare

Like Love

search

decision

investigate

use

share

Trust advocate

get support

Purchase/ Desired action

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discover

FIND

compare

Like Love

search

decision

investigate

use

share

Trust advocate

get support

Purchase/ Desired action

Page 42: B2B: Customers are in charge – and so what?

Our five basic colours Yellow, Blue, Red, Green and Grey

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A VELUX Customer Journey

Page 43: B2B: Customers are in charge – and so what?

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VELUX iPad application – a mobile tool belt for VELUX installers. Challenge Support craftsmen in the sales process and help them service customers digitally.

Solution The VELUX Installer app for iPad contains everything a craftsman could ask for: Information, features and intelligent calculations. Through videos and pictures, customers can see what lighting difference the roofing windows will make in their rooms. In addition, the app contains a digital version of all VELUX’s brochures and product information.

Results A higher degree of quality in the craftsmanship and service level creates increased customer loyalty.

Page 44: B2B: Customers are in charge – and so what?

The goal of the app is to inspire end users by visualising VELUX unique selling points

Uses augmented reality to visualise how VELUX windows would change the light in the user own home

Find nearst dealer, see pictures and videos

Experience App

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Maersk Line and the Baltic Sea

http://jonathanwichmann.com/2013/10/07/how-to-generate-leads-in-b2b-social-media/

Page 46: B2B: Customers are in charge – and so what?

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A Layered Approach to B2B Social Media Marketing

© Creuna http://jonathanwichmann.com/2013/10/07/how-to-generate-leads-in-b2b-social-media/

Hot lead

Social Media Article Download

brochure

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Strategy Attract visitors to web site Nurture leads with relevant content Generate warm leads

Fisher Tank Company Inbound Marketing Strategy

http://www.weidert.com/whole_brain_marketing_blog/bid/118737/inbound-marketing-for-specialty-manufacturers-a-case-study

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Success Highlights

12 weeks after launching inbound marketing

Overall web traffic 119% increase

Organic (unpaid) search traffic 70% increase

Traffic from social media 4,800% increase

Lead conversions 3,900% increase

Page 1 keyword rankings 600% increase

Quote requests 500% increase

Value of new qualified opportunities in the pipeline as result of the inbound efforts

$3.4 million

http://www.weidert.com/whole_brain_marketing_blog/bid/118737/inbound-marketing-for-specialty-manufacturers-a-case-study

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discover

Find

compare

Like Love

search

decision

investigate

use

share

Trust advocate

get support

Purchase/ Desired action

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>

> discover

Find

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LIKE LOVE

search

decision

investigate

use

share

Trust advocate

get support

Purchase/ Desired action

Page 56: B2B: Customers are in charge – and so what?

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The Loyalty Constant

“For Maersk Line a 4 point improvement in NPS resulted in 1% increase in cargo volume shipped by customers.”

http://www.beyondphilosophy.com/wp-content/uploads/default/files/users/Maersk%20Line%20Case%20Study%20-%2040%20improvement%20in%20Net%20Promoter%20v%201.pdf

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Digital services as loyalty enabler

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We have the turbines We have the clients We have the real-time (big) data We have the internal tools and calculations We don’t have the customer-facing services

VestasOnline

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Page 59: B2B: Customers are in charge – and so what?

VestasOnline: The Vision

VestasOnline is an app store created by Vestas. The apps are created by Vestas’ domain experts to allow customers to efficiently retrieve, visualize and analyze information about their assets anytime, anywhere to maximize ROI.

Page 60: B2B: Customers are in charge – and so what?

VestasOnline: The Product

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a two-digit million investment +break-even in eight months

+loyalty enabler

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Takeaways

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Four major trends Cases

The modern B2B buyer

Empowered Digital Collaborative Demanding Human

Speed of change Connectivitity Big data Transparency

Find Like Love

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embrace omni-channel +be relevant and accessible

+collaborate closer +engage throughout the ecosystem

Recommendations

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Darker colours You’re basically free to use the different saturations of

the colours, but we still recommend these second to darkest ones

tak :) Kristoffer Okkels, Digital Business Consultant Lars Elkjær Andersen, Director, Clients & Sales, Aarhus

[email protected] [email protected]

+45 22 49 83 39

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