What is B2B social listening and how can it help your business meet key marketing KPIs?
B2B companies often question the added value of social media as part of the marketing strategy. We’re here to say that social media should definitely be considered a key part of B2B marketing strategy in 2022!
According to the London Research and ContentCal Marketing Maturity Report, it has been identified that 98% of B2B respondents see social media as their definition of what content marketing is. Also, a Content Marketing Institute report showed that 46% of B2B content marketers are planning on investing more into their social media efforts.
Something called “social listening” is an important investment for all marketers. Partaking in social listening efforts helps shape B2B brand identity and brand perception just like it does for other kinds of businesses.
What is B2B Social Listening?
Nearly two-thirds of marketers agree that social listening has increased in value in the last year. So, what is it?
Social listening is essentially just social media monitoring. It consists of identifying how your brand, product, service, or any other topic of value is being spoken about on social media. It is a method of audience behavior research and involves monitoring everything from forums to websites to social media channels.
Analyzing conversations related to your brand helps you discover new valuable and targeted opportunities to engage with customers. If implemented correctly, you can use the right tactics and queries to identify bigger social engagement opportunities, like industry influencers and overall sentiment analysis.
B2B marketers have begun to see the value of social listening and have begun to implement it into their marketing plan in recent years. And with social media usage up 44% this year and with 90% of consumers stating they are more likely to buy from a business that they follow on social media, social listening can be the differentiator for your brand.
Why is B2B Social Listening Important for Your B2B Marketing Strategy?
Social media marketing is becoming increasingly vital for B2B sales success. With social listening, B2B businesses can partake in social media marketing in strategic ways! You can respond to their customers’ demands and enquiries as they arise, even if these queries aren’t being sent to your business directly.
Below are some reasons why investing time and energy into social listening can boost your B2B business.
Connect With Your Audience
Social listening encourages marketers to use their social media platforms to connect with its audience. It creates a dialogue between the business and the audience, instead of just using it for monologuing purposes. Additionally, it has given businesses another way to showcase, illustrate, and highlight their products and services to target consumers.
Identify and Research Emerging Trends and Important Topics
Social listening is crucial, especially today. The significant and abrupt changes caused by the pandemic has resulted in new trends, shifted expectations, and an uncertain future for many firms. The B2B segment is in the process of adjusting to a ‘new normal’, and simultaneously, buyers are turning to the digital landscape for both consuming and producing business-related content. In our turbulent world, businesses that are willing to listen and adapt are finding methods to preserve and even grow their revenues.
Reduce the Possibility of Sounding Like Your Competitors
By engaging in competitor research, you are not only keeping an eye on the industry and its emerging trends, but this can also help you differentiate your business in the field. Keep an eye on what your competitors are doing and then make a strategic content marketing plan to meet the needs of your target audience that your competitor is missing. Take a step further and evaluate your competitor’s status online to ensure you are avoiding their mistakes!
Connect with Potential Clients and Perform Industry Research
Nowadays it’s more and more common for potential clients and customers to begin their research online to find products and services. In doing so, it’s also more likely that potential customers will search for opinions on companies, products, and services. These leads can include them expressing interest in your industry, products or services like yours, or even asking questions or sharing important feedback about you or your competitors.
Social listening will help your sales team disclose the desires and customer journey pain points that your marketing strategy should target. Doing this research will direct your marketing strategy towards new clients expressing interest in your industry or service/product, starting new conversations and generating new leads!
Evaluation of the Impact of Public Relations
You want to be able to track the results of your PR plan, whether you’re dealing with a crisis or promoting a new brand identity. You no longer need to invest in expensive focus groups and industry forums to see how your brand is perceived or how its performing. Instead, you may listen to people on social media and learn a lot more quickly.
Precise Sentiment Analysis
Social media monitoring can tell you how many mentions you’re getting, whether you’ve gained more followers this month than last month, and other key statistics. These basic metrics can’t directly tell you how customers feel about your company so this is where social listening comes in.
Listening to and interpreting how consumers discuss your company and products online can answer important questions for your business regarding your performance and your products.
Identifying Influential People
These days, the currency of social media power may change hands swiftly. Keeping up with only a few key influencers in your industry will put you behind the curve. You can identify powerful voices at the beginnings of their ascension if you listen carefully. This also puts you in a great position to take advantage of the surge of B2B digital influencer marketing.
Tracking Employee Satisfaction and Emotion
Social listening can also be a good approach to taking a glimpse into your employees’ moods and morale. This can have an impact on how your prospects see you.
Many workers are finding it difficult to work from home now, especially with COVID-19 measures in place. You might be able to get an early warning before problems escalate and end up at HR. Furthermore, for successful talent acquisition and retention, keeping a positive employer brand online is crucial!
Ready to Invest in B2B Social Listening?
B2C have already mastered the powerful tool that is social listening. B2B is only just beginning to adopt it!
With the role of social media growing in B2B in the last few years, implementing social listening for B2B brands can be a key differentiator for your business. It can be time consuming, so ensure you go about it strategically and track your results and performance.
Are you ready to invest in your social media strategy? We would be happy to support you on your journey. Reach out to us at Pace Creative to see how we can help you plan and execute your content marketing strategy that your business needs to build your audience and following on social media!