the social bridge to the it committee
DESCRIPTION
comScore and LinkedIn unveil new research showing how social platforms provide a trusted resource for today’s IT purchasing. Presented at TechConnect:13 by Jake Raroque, Research Consultant at LinkedIn and Roslyn Ku, Vice President at comScoreTRANSCRIPT
The Social Bridge
to the IT Committee
Jake RaroqueResearch Consultant
@LinkedInMktg
#inTC13Roslyn KuVice President
comScore
@comScore
The Social Bridge to the IT CommitteeHow trusted content on social media
builds relationships with IT buyers
Commissioned study
conducted by:
Through decision
making process
60%
Buyers are highly informed, savvy, and demanding
Source: CEB, “The Digital Evolution in B2B Marketing”, 2012
First contact
with brand
Tech companies risk being on the
sidelines if they don’t educate and help
TECH
COMPANIES
5
Decrease in lead potential
Implications
Less exposure to client and prospect
projects
Limiting long-term perception as a trusted
partner and thought leader
Social media can help bridge the gap and build
relationships
TECH COMPANIES
Why is it so critical to foster long-term relationships?
There is a scarcity of influential B2B tech buyers – tech
companies can’t afford to alienate them
5X more expensive to gain a new customer
than to retain an existing one 3
1 comScore PlanMetrix US June 2013
2 Forrester Research. Global Tech Market Outlook 2013 To 2014. January 2013.
3 TARP Worldwide
$820 billionUS IT spending2
15 millionUS Tech Decision Makers1
THE IT COMMITTEE
They work
cross functionally
43% Work outside of IT
They include individual
contributors and managers
50% are individual contributors or managers
These scarce influencers include more than the IT
department and the Executive team
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
LinkedIn partnered with comScore, Starcom MediaVest Group,
and Mashwork to understand today’s B2B IT Committee
comScore: Q3 2013
SMG / Mashwork: 2012
LinkedIn data: Q2 2013
What are they thinking?
379 IT Committee members
What are they saying?
3,000 tech posts from public
LinkedIn Groups
What are they doing?
IT decision makers on LinkedIn
Key Findings
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
Make the vendor shortlist by
fostering long-term relationships,
while serving short-term needs via
lead generation.
The vendor shortlist is more
exclusive and critical than you
think.
Social media is not just for
connecting with peers. The IT
Committee actively seeks insights
& conversations with vendors.
The IT Committee actively seeks conversations with vendors on social media
Nearly all of the IT Committee use social networks
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
LinkedIn leads all social platforms
86%
2013
95% 95%
2012
85%
Use social network monthly for business
The reason? Social media – LinkedIn especially – provides
them with trust, efficiency, relevance, and access
Source: Commissioned study conducted by Forrester Consulting in 8 countries on behalf of LinkedIn, Q3 2012
Access
A
Access a
broader network
49%
Relevance
R
Relevant context to
connect with vendors
37%
Efficiency
E
Quickly
find information
40%
Trust
T
Learn from
trustworthy peers
58%
TERA continues to drive even deeper utilization across the
entire IT decision process
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
67%56% 58% 49% 61%
Implement
70%
Select
68%
Plan
74%
Scope
73%
Awareness
79%
Influence of social media at each stage of decision making
YoYIncrease
As tech decision makers use social to learn and debate,
they’re looking to vendors to participate
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
68%Open to connecting with
new vendors on social
Ready to have a conversation
with a vendor on social
76%
The vendor shortlist is
more exclusive and critical
than you think
The IT Committee already have a good idea who they want to
work with
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
vendors make their short listOnly 3
purchased from a vendor that made the short list92%
purchased from a new vendorOnly 1 in 6
How do you make the short list if you are a new vendor?
Old ways of communicating don’t work and can turn off your
audience
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
Top 5 reasons the IT Committee doesn’t connect with a
vendor on a social network
05
Talk too much about
themselves
02
Don’t believe would provide
any credible information
04
Don’t believe would provide any
info that is relevant to my job
01
Don’t want to receive a lot of
marketing materials
03
Not thought leaders in
the category
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
Building relationships with the right content is critical to
being considered
AWARENESS SCOPE PLAN SELECT IMPLEMENT
The IT Committee are interested in a diverse range of topics
– earn more interest with multiple types of content
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
Best practices, how-to’s, checklists
Product / solution demo / software trial
IT industry news / strategy info
Top types of information sought in each stage of IT
decision-making process:
Diagnostic / assessment tools
3,217 IT Decision Makers engaged with
this article on LinkedIn in June
"Windows 8 is gold: Release date just
days away [link] #ITBW for
@computerworld by @richi $MSFT”
Junior Decision Maker, Twitter
"It's nice to hear that Asian companies are
starting to adopt e-learning. [Link] E-
learning going mobile in Asia | ZDNet”
Senior Decision Maker, LinkedIn Groups
Source: commissioned social intelligence research conducted by Mashwork on behalf of Starcom MediaVest Group and LinkedIn, Q1 – Q4 2012
Senior decision makers are 2X more likely to have shared
and engaged with product / industry news
Senior decision makers were 11.5X more engaged with
thought leadership content
Source: commissioned social intelligence research conducted by Mashwork on behalf of Starcom MediaVest Group and LinkedIn, Q1 – Q4 2012
1,345 IT Decision Makers engaged with
this post on LinkedIn in June
Source: commissioned social intelligence research conducted by Mashwork on behalf of Starcom MediaVest Group and LinkedIn, Q1 – Q4 2012
Junior decision makers were 39% more engaged with best
practice content
"An interesting and insightful article elaborating on the
innovative applications of analytics to enhance VAS
revenues.... [Link]"
Junior Decision Maker, LinkedIn Group
Build relationships to make
the short list
Traditional lead generation needs to be blended with social
to earn leads
Sweet Spot
Social
Relationships
Valuable
Content
Traditional
lead generation
Context matters. Credibility and trust drive brand perception
and willingness to consider a vendor for the shortlist
45%
46%
47%
32%
33%
31%
23%
23%
21%
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
% who trust LinkedIn more than other websites
Connecting more efficiently with vendors and relevant companies
Talking about my experience with IT vendors
Receiving information relevant to my IT decisions
LinkedIn Same Other websites
The IT Committee are more likely to engage with their
vendors on LinkedIn than on other social networks
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
Reading a post from their vendor
Following theirvendor
50%more often than other
social networks
LINKEDIN IS
USED
56%more often than other
social networks
IS USED
Likelihood of getting a meeting with the IT Committee
increases as vendors engage with this audience on LinkedIn
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
# of types of engagement with vendor on LinkedIn before purchase
Pre-Purchase Vendor Engagement by
# of Types of Engagement on LinkedIn
Vendors who interact with the IT Committee at a high rate are
more likely to create promoters
Source: commissioned study conducted by comScore in the US on behalf of LinkedIn, Q3 2013
Engagement on LinkedIn Prior To Purchase
Vendor Net Promoter Score
39
NONE
58
1 TYPES
62
2+ TYPES
Engage the IT Committee everywhere they learn
FEED
MOBILE
GROUPS
INMAIL
Earn leads and build relationships with content
SLIDESHARE CHANNEL
SPONSORED UPDATES
SLIDESHARE CONTENT ADS
PERSONALIZED INSIGHTS VIA API
Implications for IT Marketers
01
02
03
04
Target more than IT functions in your campaigns.
Ensure your content is authentic, valuable, timely, and customized by decision stage and seniority.
Start earning leads via social in addition to buying leads.
Focus on building relationships to get on the short list.
Begin tracking how often and for what clients you make the short list.05