Webinar – B2B Social Media: Facts, Fictions & Focus Areas for 2010

January 26, 2010

Thanks to all of you who joined today’s live broadcast of the first webinar based on our Business Social Media Benchmarking research, “B2B Social Media: Facts, Fictions and Focus Areas for 2010″.

For those who weren’t able to make it, here’s a link to the recorded version of this B2B social media webinar.

The webinar draws on insights from our recent research on the social media activities of over 3,000 business people and companies to separate fact from fiction in this rapidly evolving space. Social media channels DO offer companies a significant opportunity to engage business buyers online, generate leads, drive revenue and engage/retain customers. However, our business social media benchmarking research and experience over the past year (see our B2B social media case study for more info) suggest B2B marketers are:

  • Having trouble identifying the social media channels that offer the greatest opportunity for building their traffic, leads and revenue
  • Pursuing too many social media initiatives at one time to be successful
  • Confused about where the boundaries for the ‘80/20 rule’ lie for various social media initiatives

To help B2B marketers get on track with their social media plans for 2010 and beyond, the webinar covered key findings about the top social media sites and resources people use for business, including important differences across industries, and the business-related information they’re seeking through these channels.

Our free B2B Social Media Benchmarking Study report is good background reading and provides far more benchmarking stats than we could possibly cover in the webinar.

Needless to say, this is a lot to cover in a 60 minute webinar. For all of you who asked questions I wasn’t able to cover during the webinar itself, look for me to address in upcoming blog posts.

Once again, here’s a link to the B2B Social Media: Facts, Fictions & Focus Areas for 2010 webinar.


Social Media Lead Generation with Q&A Forums

December 23, 2009

Jason Falls of Social Media Explorer wrote a great post today about social media lead generation through participation in question-and-answer (Q&A) forums such as LinkedIn Answers, Business.com Answers, Yahoo! Answers, etc. In it, he provides highlights of our recently-released report covering social media best practices for Q&A forums as well as additional perspective from his own poll asking LinkedIn users how often they answer questions on LinkedIn for lead generation purposes.

A comment on the post from ‘derekedmond’ caught my eye because of how well it reflects some of the Q&A success stories from the study and Business.com Answers I wrote about in a prior post. Here is his comment:

“I have some friends and colleagues absolutely killing it with forums/question-answer-sites (wrote a post on my personal blog about this a few weeks ago). The reason being is that for small niches, if you can find a passionate audience or community your site/product satisfies a need with, it’s amazing the amount of traffic, exposure, and links one can get.

My experience is that you have to dig deeper to find the most value and opportunities – and there is certainly less support/public examples to go by, but with patience and perseverance it can definitely work.”

The core issue he speaks to is “quality” – an online forum in which a dialog quickly forms between people seeking answers to important questions and experts (often vendors) who have answers to those questions delivers a high-quality experience and amazing results for both parties.  This is what lead gen should be: people with real needs connecting with someone who can help them meet that need.

Q&A Forum Characteristics Impact Lead Gen Opportunities

Unfortunately, this quality Q&A experience is often very difficult to achieve in broad, general forums such as Yahoo! Answers which depend on the combination of high traffic volume and the search skills of those asking and answering questions for these high-quality dialogs to form. Macro-niche forums like LinkedIn Answers can deliver a somewhat better experience by attracting a more targeted audience but rely on those with questions and those with high quality answers to find one another. Micro-niche forums like derekedmond mentions are at the other extreme – great, very focused discussions but can be both difficult to find and may not be broad enough to be something most experts would frequently monitor or participate in.

Moderated B2B Q&A with Business.com Answers

Business.com Answers

With Business.com Answers, our own business Q&A site we launched a few months ago, we’re working to combine the best of micro- and macro-niche Q&A forums to make it easier for business people to form high quality dialogs around specific business needs.

Millions of business people visit the Business.com site each month to find something they need for their business – the site combines the most popular B2B online directory with tens of thousands of business how-to guides and, with the introduction of Business.com Answers, the ability to directly post their business questions on the site.

To help people get the best possible answers to their questions, we’re taking a more proactive approach than other large-scale Q&A forums, reaching out to subject-area experts and relevant vendors with specific questions they should be able to answer. This more ‘personal’ introduction to Business.com Answers also helps us reinforce a number of the best practices for participating in Q&A forums that we wrote about in the recent report covered by Jason Falls.

If you participate in Q&A forums for lead generation purposes today, or are thinking about doing so in the near future, give Business.com Answers a try. And if you’re already using Business.com Answers, we’d love to hear more about your experience and the results you’re seeing!


B2B Social Media Resources

December 2, 2009

For B2B marketers interested in the potential and pitfalls of social media for business, here’s a collection of the best B2B social media strategy advice, tactics, case studies, metrics and more from around the web.

We’ll update this page frequently so make sure to bookmark it!

Business Social Media Benchmarking Research

B2B Social Media Case Studies

B2B Social Media Strategy & Guides

B2B Social Media Metrics / KPIs

Conversations with B2B Social Media Thought Leaders

Social Media User Profiles

Putting Social Media in Perspective

Helpful Social Media Tools & Resources

Please comment below to suggest additional resources for this list.


New B2B Social Media Benchmarking Study Released

November 16, 2009

Want to know if social media is relevant for B2B companies? What about the top social media resources used by people in the Healthcare or Financial Services industries (just to name a few)? Or how B2B and B2C companies differ in the types of social media initiatives they pursue?

See all this and more in Business.com’s 2009 B2B Social Media Benchmarking Study report, available at http://www.business.com/info/b2b-social-media-benchmark-study.

This 57 page research report contains 63 charts and is based on responses from nearly 3,000 North American participants in Business.com’s Business Social Media Benchmarking Survey. The 2009 B2B Social Media Benchmarking Study report covers the stats and facts B2B companies need to reach their target business audience most effectively through social media channels as well as where B2B companies are finding social media success.

Here is the report table of contents for more detail on what the report contains:

  • Introduction
  • Reaching a Business Audience through Social Media
    • Top Business Social Media Resources by Company Size
    • Top Business Social Media Resources by Industry
    • Top Business Social Media Resources for Senior Management
    • Top Business Social Media Resources by Job Role
  • Social Media Initiatives at B2B Companies
    • Respondent and Company Experience with Business Social Media
    • Top B2B Company Social Media Activities 34
    • How B2B Companies Judge Social Media Success
    • Initiative Detail: Managing Business Profiles on Social Media Sites
    • Initiative Detail: Participating in Q&A Sites
    • Initiative Detail: Using Social Media Monitoring Tools
    • Initiative Detail: Sharing Business Content on Social Media Sites
  • Additional Reports Based on this Research
    • 2009 Business Social Media Benchmarking Study
    • 2009 B2B Social Media Benchmarking Study
    • Upcoming Reports
  • About the B2B Social Media Benchmarking Study
  • Contact
  • More Resources from Business.com

To the best of our knowledge, this is the most comprehensive look at the current state of B2B social media available today. Download your copy of Business.com’s 2009 B2B Social Media Benchmarking Study today and tell us what you think below!


Interview: B2B Online Community Insights from Mark Yolton, SAP Community Network

August 3, 2009
Mark Yolton, SVP of SAP Community Network

Mark Yolton, SVP of SAP Community Network

Q: Tell us about yourself and your background – what did you do before running the SAP community?

A: I’m Senior Vice President of the SAP Community Network. I’ve been at SAP for 4 years. I’ve spent 25 plus years in business, mostly technology. Back in the day I was at Unisys, Sun Microsystems, PeopleSoft, Oracle, and then SAP. My background is in marketing – that’s where I spent most of my career. In the mid-nineties, that led me to the web – I did early corporate websites at Unisys. And I helped Sun transition to e-business. Then I was at Sun and PeopleSoft in marketing roles. I’ve been at SAP for four years, since 2005.

Q: The SAP Community Network (SCN) is six years old and has 1.7 million members. How and why did you grow to that level?

A: Core to the success is that we offer specific value to the members. We call them members rather than users. “Members” feels like part of a club – not cold and distant like “users.” We embrace these people as an extension of our company — as important customers and thought leaders – and we treat them respectfully, in a transparent manner.

We provide them value they can get nowhere else – connections to other customers, innovators, and thought leaders in the tech world – but also in their industry as well. Those in banking learn from other bankers, consumer product people from others in that industry, and so on. Read the rest of this entry »