state of b2b marketing 2016

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#CNX16 State of B2B Marketing What the latest research says about the current and future state of B2B marketing Mathew Sweezey Principal of Marketing Insights Author of Marketing Automation for Dummies [email protected] @msweezey

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Page 1: State of B2B Marketing 2016

#CNX16

State of B2B MarketingWhat the latest research says about the current and future state of B2B marketing

Mathew SweezeyPrincipal of Marketing Insights Author of Marketing Automation for Dummies [email protected]@msweezey

Page 2: State of B2B Marketing 2016

Safe harbor statement under the Private Securities Litigation Reform Act of 1995:

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Any unreleased services or features referenced in this or other presentations, press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase our services should make the purchase decisions based upon features that are currently available. Salesforce.com, inc. assumes no obligation and does not intend to update these forward-looking statements.

Safe Harbor

Page 3: State of B2B Marketing 2016

The Question1,158 B2B marketers were surveyed from around the world to answer the question: “What makes a high-performing B2B marketer?”

Kim
Deleted out footnote
Page 4: State of B2B Marketing 2016

Who did we survey? B2B demographics (n =1,158)

Page 5: State of B2B Marketing 2016

Breakdown of B2B Marketing Performance Levels This is a main driver

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Page 6: State of B2B Marketing 2016

@msweezey #cnx16

Page 7: State of B2B Marketing 2016

The AnswersWhat is the difference between high performers and underperformers?

Page 8: State of B2B Marketing 2016

Executive Buy-In is #1This must happen FIRST before anything else will change

Page 9: State of B2B Marketing 2016

82% of high-performing B2Bmarketers have their executive team’s complete commitment to their marketing strategy.

@msweezey #cnx16

Page 10: State of B2B Marketing 2016

Executive Support

High performers are more than twice as likely to have full executive support compared to underperformers.

Gaining buy-in is also the hardest obstacle to overcome, since modern marketing is vastly different than what has been previously done.

This is the main driver

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Page 11: State of B2B Marketing 2016

Budget is #2It’s not just about more, it’s about a different budget

Page 12: State of B2B Marketing 2016

Budgetary constraints is the top reason B2B marketers give for not adopting a customer journey strategy.

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Page 13: State of B2B Marketing 2016

73% of high-performingB2B marketers plan to increase their traditional marketing budgets in 2016, while only 18% of underperformers plan on doing the same.

@msweezey #cnx16

Kim
Added "B2B"
Page 14: State of B2B Marketing 2016

The Breakdown on Budgets

Tools and Technology

High performers plan on significantly increasing their budgets on tools and technology over the next two years, a rate

2.9x greater than underperformers.

Traditional Channels

Underperformers spend a higher percentage of their overall marketing budget on traditional marketing channels compared to high performers (37% vs. 26%).

Social Spending Social spend –

advertising on social platforms, social media engagement, and social media marketing – is where most B2B marketers plan to increase spend over the next 12 months.

Where the money will go?

@msweezey #cnx16

Kim
Added the word "spend"
Kim
added "marketing channels"
Page 15: State of B2B Marketing 2016

The Breakdown on Budgets (cont’d)

7 out of 10 B2B marketers plan to increase their digital marketing spend over the next two years.

22% plan to substantially increase their traditional marketing spend – by 25% or more – over that same period.

Digital marketing spend continues to rise

Digital Marketing Spend

Traditional Marketing Spend

Marketing tools and technology

Marketing consulting

Marketing headcount

70%

39%

59%

39%

39%

Increase in Spending

@msweezey #cnx16

Page 16: State of B2B Marketing 2016

Tools and Technology is #3Tools are a limiting factor to performance

Page 17: State of B2B Marketing 2016

High-performing B2B marketers use, on average, 13 tools and technologies in their marketing execution, compared to only 5 by underperformers.

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Page 18: State of B2B Marketing 2016

Tools Enable a Single Customer Experience

High performers are 19.4x more likely to say they excel at creating a single customer view.

62% of high-performing teams excel at creating a single customer view. This allows them to create an omni-channel customer experience.

This is critical

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Page 19: State of B2B Marketing 2016

High performers are 7x more likely to be able to create a single customer view than underperformers.

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Page 20: State of B2B Marketing 2016

B2B Technology Breakdown High performers versus moderate and underperformers

Marketing analytics

Web personalization

Emerging technology (e.g., wearables, IoT)

Social listening tools

Marketing automation

Guided selling

56%

57%

61%

48%

49%

51%

28%

21%

18%

18%

21%

17%

12%

5%

4%

5%

11%

4%

Percentage who currently use extensively

UnderperformersModerate PerformersHigh Performers

@msweezey #cnx16

Page 21: State of B2B Marketing 2016

Channels and Tactics is #4High performers are gleaning at least 1.4x the value compared to underperformers

Kim
This statement does not work for B2B Marketers. 25 of the channels are able to see 2x the value and 3 of the channels are able to see 3x the value.
Kim
The correct statement would be "High performers are gleaning at least 1.4x the value compared to underperformers"—I've updated
Page 22: State of B2B Marketing 2016

High performers are able to see at least 2X-3X the value from the same channels as underperformers.

@msweezey #cnx16

Kim
This statement does not work for B2B Marketers. 25 of the channels are able to see 2x the value and 3 of the channels are able to see 3x the value.
Kim
Perhaps we could say, "High performers are able to see at least 40% more value from the same channels as underperforms"
Page 23: State of B2B Marketing 2016

The Channels of High Performers

15 Channels on Average

High performers report extensively using 15 channels to create a seamless customer experience whereas moderate performers use 6 and underperformers use 3.

Traditional + Digital

The shift away from traditional is obvious; yet, the channel will not die. High performers use this channel when it is appropriate to do so, but they rely on digital the majority of the time.

Social Facebook (54%) is

the number one most extensively used social channel by B2B marketers, followed by Twitter (49%), then LinkedIn (44%).

Where to invest and what works

@msweezey #cnx16

Kim
Updated to "15"
Page 24: State of B2B Marketing 2016

Best-in-Class Tactics High performers versus moderate and underperformers

Web personalization

Advertising on social platforms

Account-based marketing

Lean/agile methods

Lead nurturing and scoring

User-generated content

eBooks

Whitepapers or case studies

Infographics

57%

53%

52%

52%

49%

49%

41%

45%

45%

21%

22%

21%

19%

19%

17%

13%

22%

18%

5%

6%

6%

6%

10%

7%

5%

15%

6%

Percentage who currently use extensively

UnderperformersModerate PerformersHigh Performers

@msweezey #cnx16

Page 25: State of B2B Marketing 2016

Tactic To Do Today: Email Onboarding Program(s) Only 50% of B2B marketers use email onboarding of any type. Onboarding costs you $0, and

you already have the tool for it. Create a partner onboarding

program, a customer onboarding program, and an employee onboarding program.

@msweezey #cnx16

Kim
Is this coming from Q28? I don't see where we break out extensive or occasional use—what you mentioned in your email. I do agree that at least 50% use one of the three onboarding types for email.
Page 26: State of B2B Marketing 2016

Tactic to Do Today: Employ Agile Methodologies 52% of high performers say they extensively use agile methods compared to only 6% of underperformers.

Agile Marketing ManifestoThe agile marketing manifesto (expatiated from the Agile Manifesto):

• Individuals and interactions  over processes and tools

• Initial value over comprehensive documentation

• Customer collaboration over subjective opinion

• Responding to change over following a plan

That is, while there is value in the items on the right, we value the items on the left more.http://agilemarketingmanifesto.org/

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Page 27: State of B2B Marketing 2016

Experience is #5Marketing is no longer just a single department

Page 28: State of B2B Marketing 2016

65% of high performers rate themselves as excellent at being able to create a personalized, connected journey, compared to only 1% of underperformers.

@msweezey #cnx16

Page 29: State of B2B Marketing 2016

Customer satisfaction is their most important metric they use to measure the overall effectiveness of their marketing efforts.

85% of high performers say customer journey strategies are critical to the success of their overall marketing.

High-performing marketing teams are 7.8x more likely than underperformers to strongly agree they’re leading customer experience initiatives across the business.

Biggest Business Challenge Customer Journey Cross Department

They lead the company towards it

It is their focus They build tactics around it

Customer Experience is BIG It’s the number one factor

@msweezey #cnx16

Page 30: State of B2B Marketing 2016

Creating a Holistic Experience

High performers are 7.8x more likely to strongly agree they are leading the customer experience across their organization.

Marketing is no longer a department. It is a mindset.

@msweezey #cnx16

Page 31: State of B2B Marketing 2016

Conclusions The big takeaways

Page 32: State of B2B Marketing 2016

The Big Differences

A New Idea and Buy-In

High performers have a new idea of marketing. They believe in creating a holistic experience, and get the buy-in from the top to move in this direction.

Executive buy-in gets you the budget and the approval to create a new idea of marketing.

They Constantly Test

When reviewing the data it’s clear to see high performers are the first to adopt new tactics, and techniques. They have the budget to do so and see the value in reaching new consumers in new ways.

Agile allows them to move at the required speed.

Experience Is a Focus

They focus on how to use channels and tactics to create a cohesive customer experience and collaborate with other areas of the company to ensure all experiences are supporting the goal.

Marketing is more than a department.

Between high performers and everyone else

@msweezey #cnx16