Working smarter not harder is the mantra of any good leader. And we have certainly all had to do an awful lot in difficult circumstances in the last 8 months. As 73% of marketers are now saying that they need to focus on improving their lead funnels*, here are my top tips on getting the most out of this with less effort.
Creating the right content
78% of CMOs believe content is the future of marketing.** And content marketing costs 62% less than traditional marketing and generates about 3 times as many leads*** – whether you are providing content for B2B or B2C marketing – content is the fuel that you need to curate ‘fully or semi-bespoke’ journeys that support your sales funnel. Get this right and you will move passive enquirers into purchasers and 1 off purchasers into frequent buyers and eventually your best customers.
In B2B marketing – you might need to think about factsheets, blogs or e-books and in B2C – it will be more style tips, recipe ideas, savings guides (dependent upon your sector) - basically anything that you can do to help the customer to answer the specific challenges or questions that they might have at this stage of purchase – positioning yourself as helping them to make informed choices – not by selling to them, but in the much more subtle support of their needs by answering their questions as they move through the sales funnel.
A B2B consumer looks at 7 pieces of content before making a purchase decision – 60% base decisions on info and recommendations they’ve acquired via digital content****. So, you need to support your sales funnel with content at the top middle and bottom. Applying the same logic to your existing customers – creating content that is relevant for both retention and cross sell – for each audience segment.
Don’t be fooled, whilst this sounds uber simple in principle, creating appropriate tailored content is time consuming – and without extensive marketing teams, you might struggle to distribute this at the right time.
So here’s a 3 step approach to understanding your audience and creating relevant content:
1 Mapping your customer journeys
Dig into your data, gather useful info from your various analytics tools to map your customer paths to purchase. There is software out there that can help you to track these, but if you don’t have the budget to invest, or you are simply trying to establish a ‘proof of concept’ and need to create a ‘minimal viable product’ (MVP) as a test, a simple pen and paper flow chart will help you to map these out.
Now, it would make our lives very much easier if our customers were all alike, with the same needs and wants – but we only have to look at our own friends and neighbours to know that this just isn’t the case. So, you will need to recognise this within your sales funnels – creating bespoke content for the different audiences (segments or customer types). The first step of which is to create some form of customer or audience segmentation
2. Super simple audience segmentation
Remember that for each audience and each stage in the funnel your aim is to create targeted content and the management of this is often a real blocker when it comes to executing and sustaining your plans. My recommendation is to keep your segments to a minimum and concentrate on ensuring that they are highly differentiated. You can become more granular over time – and scale up once you have established processes for recognising and actioning the few that you start with. A good example of highly differentiated segments would be
A) people who cook from scratch
B) people who cook from mainly packets and jars
How they cook informs what they will buy, their level of cooking competence, how much time they might have to cook and budget available – what they browse will help us to identify them online and enable us to chunk them into 2 distinct groups with different needs.
So for group A) you might send complex recipe ideas where you literally start with a range of ingredients that they lovingly prepare and produce, whilst group B) Might need recipe inspiration to try new combinations that can still be mastered with minimum cooking in a short timescale.
These are clearly really different segments with very different needs. But their browsing behaviour alone won’t help you to determine all of this, it will simply say that you have 2 different types of searches (1 for ingredients and 1 for packets and sauces). This is the start of your segmentation – what you now need to understand is the ‘Why’ behind the ‘What’.
If you have never done a segmentation before, then check out my previous post on really simple segmentation .
Once you have a view of the behavioural segments - you will need to understand more about them in relation to their need state at each stage of your journey. Using a variety of available sources such as search criteria, browsing history and qualitative and quantitative research you can now gain a better understanding of each group – enriching your audiences to develop more insightful personas that will help you to develop your segmentation further. Maybe creating some basic pen portraits that will allow you to socialise them more easily to key stakeholders or create briefs to your teams to gather and develop bespoke content for each.
3. Creating a content Plan
Your content plan starts with a quick audit of what you already use at each stage of the funnel, to see if it can be re-purposed to fit the specific needs of your segment, or whether it now needs to be moved into another part of the funnel.
Here’s the fun bit - brainstorm each part of the funnel, asking yourself what is the customer doing, what do they need, how can I help for each stage and each segment.
Make sure you think laterally to explore related topics and different types of content that will best support your audience needs, answer their questions and foster trust. If you are testing this process – you will just need to create a couple of pieces of content for each stage of the funnel – so that you are not making this task too onerous. Over time, you will be able to create a wider library of content – but the clear objective for your test is to establish that a more tailored process is better than a generic one.
Getting this content to the relevant segment at the right stage in the funnel is the final part of this process. Most people have some capability around tailored journeys within their websites, CRM system or email program and you can use this AI to generate your specific journeys. So now you have to write the ‘rules’ that respond to the behaviour flags that will help you to chunk your audiences into their relevant journeys as they move through your funnel.
Don’t worry, if you don’t have capability around all of your channels, you can start where you do have it – usually in your advertising programmatic or email distribution system. Remember you are likely proving the efficacy of your approach, so you can do this in any channel to support your business case for further investment in content writing and system development.
One of the other benefits of providing a more personalised journey is that the value you create in the content you provide gives you the juice to fuel your conversion process. This value exchange of a contact for a download will help you move an ‘anonymous’ to a ‘known’ prospect so you can put them into an automated sales program for conversion.
Converting the B2B funnel – here’s what the above might look like
If you need help analysing your data, segmenting your audiences or actioning this insight to develop audience related content then please get in touch.
Research Sources
B2B process – Acton.com
*Demand Generation Report
**Demand Metric.com
***Demand Metric.com
****Bluecarona.com