Borenstein Group

Washington DC’s Expert Top B2B|B2G Digital Branding Agency

Advertising

What is Influencer Marketing and 4 Tools to Kick-Start Your Campaign

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inlfluencermarketingInfluencer marketing is one of the hottest topics in the marketing world today. Many marketers are clamoring to start their own campaigns working with the world’s biggest social media stars. But what is influencer marketing really? And what tools can you use to find and connect with powerful influencers?

An influencer is someone who can affect the perceptions and actions of others. They can convince their many followers to read a book, try a recipe, or buy a product. In the context of influencer marketing, an influencer is advocating for a product or service on behalf of a company or organization. You are borrowing their reach, in a sense, by having the influencer share your message with their social media followers in exchange for free products, money, or other forms of compensation.

Influencer marketing is so effective because consumers trust third-party endorsements of brands more than messages directly from the brands themselves. They have built up a relationship with the influencer, so they trust their opinions on products and services, even if it is a paid sponsorship. Influencer marketing also gets around the tricky problem of ad blockers. Ad blockers prevent people from seeing banner ads on the internet. Even with ad blockers in place, potential customers would see influencer marketing posts alongside regular editorial content.

BuzzSumo is a popular tool for connecting with influencers. You can find the most popular content around a specific topic and identify who shared it. You can also search for influencers using keywords and hashtags. Another feature of BuzzSumo allows you to filter by different types of influencers such as bloggers, journalists, and companies.

Klout is a useful influencer marketing tool to help you gauge the influence of your influencers. The platforms give everyone on social media a score from one to 100 based on how influential the individual is. The higher the score, the higher the influence. An average person has a score of 40. Celebrities have Klout scores over 90. You will likely want to work with influencers who have a Klout score of 60 or above.

Traackr is an influencer marketing tool that helps you create, manage, and track your influencer marketing campaigns. You can use Traackr to search for new influencers to become your potential partners and see in-depth metrics about the influencer’s online activity. Traackr helps you monitor how well each of your influencer marketing campaigns is performing, including the mentions and engagement they generate.

Famebit is an influencer marketing tool owned by Google that connects brands with YouTube creators. To use Famebit, you submit your creative brief about your product or service. Then, YouTube creators will send you pitches about what kind of video they would create about your company’s offering. You select the proposal that works best for your organization.

Is your company interested in trying influencer marketing? Partner with the Borenstein Group, a Top DC marketing agency. We can connect you with top social media influencers to get your campaign off the ground right away.

Top 5 Recruitment Advertising Trends to Attract the Best Talent

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recruitment advertisingYour company is only as strong as your employees. That’s why recruiting is an essential process for every company. You want the best and the brightest on your team, and you can only achieve this through effective recruitment advertising. If you have never worked in recruiting before, you may not know where to begin. Here are the top five trends in recruitment advertising to get you started.

  1. Social recruiting is one of the most important trends in recruitment marketing this year. Social recruiting refers to using different social media networks, such as Facebook, Twitter, and LinkedIn, to recruit qualified candidates. As a first step, this means posting open job advertisements on your company’s social media channels. Social recruiting also includes searching for candidates and encouraging them to apply for open positions via social media.
  2. Remarketing ads are another recruitment marketing trend to consider in your recruiting toolkit. You may have seen remarketing ads as you shop online and see an ad following you. Say you found a sweater on a website but did not make a purchase. Later on, you may see a remarketing ad for that sweater as you browse a different website. The same principle can apply to recruitment advertising. Remarketing ads can appear to candidates who showed an interest in your careers website but have not yet applied for open positions.
  3. Artificial intelligence (AI) is also on the rise in the world of recruitment advertising. Instead of spending hours on end sorting through cover letters and resumes, recruiters can outsource some of these more rote tasks to AI technology, saving them time and effort in the recruitment process. Recruiters can also deploy chatbots as part of the hiring experience. Candidates can ask routine questions to chatbots to quickly learn valuable information without needing an actual recruiter to jump in.
  4. Search engine optimization (SEO) is an important trend this year for recruitment advertising. A key component of SEO is making sure your careers website is optimized for mobile devices. As more and more people search for jobs on mobile phones, search engines and potential candidates alike will appreciate a mobile-optimized website. SEO also involves keyword research as well as the creation of top-notch content, such as blog posts about open positions.
  5. Texting is another recruitment advertising trend this year. Recruiters can send text messages to potential job candidates at various stages throughout the recruiting process. With everyone spending so much time on their phones, it is no wonder that texting is an effective way to reach job applicants.

Are you recruiting job candidates to your company? You can receive expert advice and support from the Borenstein Group, a Top DC marketing agency. We can help you have excellent recruitment advertising for all stages of the recruiting process.

How to Produce Effective White Papers for Public Sector Marketing (B2G)

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In Business to Government marketing, the virtues of white papers are well known. Government buyers don’t buy from direct marketing campaigns. They buy based on educational materials and logical case studies that can be used as foundational concepts to build out their procurements and programs. But alas while it sounds easy, the deployment strategy too often goes off course. Many white papers become semi-sell sheets posing as white papers. When this falls short, lack measurable results are sure to follow.
A successful B2G white paper distribution strategy really only requires five steps:
1. A marketable topic that provides important content to potential buyers.
Just because your engineers are excited about a technology doesn’t mean this topic will generate enthusiastic readers. Research your topic and make sure you’re really filling a market niche and supplying needed content. If this step is not dead on, how can the program be successful?
2. Structure and content that delivers on the promise of valuable information.
This step can do one of two things. It can build on the credibility of the company that develops the white paper. Or it can damage your company’s credibility if the reader goes to the trouble to download your data, only to find the information is poorly organized, badly written, and/or hopefully week on good content. There’s a middle ground in there too, but that falls short of motivating the prospect to do business with you.
3. Visual appeal that contributes to the positive perception the reader has of the company.
White papers are marketing pieces and should fit with the overall corporate brand. Charts, graphs, screen captures and other visual depictions should be handled by an experienced graphic designer, as should all parts of the white paper. Not everyone who can design a white paper should design a white paper. After all, you want this document to be read by your audience. Visuals are important.
4. A distribution strategy of reaching potential buyers, customers, etc.
Writing the white paper is the easy part. Really. As difficult as it can be to extract important information out of your subject matter experts and convince your C-suite and peers that you’re not giving away trade secrets at every turn, the most difficult part of any white paper strategy is distribution. Take the time and allocate the budget to do this step properly. Before you embark on developing the white papers, research white paper search and syndication services, as well as more niche-focused services.
Also, determine how you will continue to nurture those leads once they are in your pipeline.
5. Benchmarking and measurement methods to determine and define success.
Before you begin, determine what success looks like. Realistically. Is it the number of qualified downloads, qualified additions to your social media, marketing database, inbound leads, search engine optimization, synergy with a PR program, etc.?
Want to learn more? Contact The Borenstein team to learn how to make your white papers a strategic marketing asset.

Six Ways to Increase Quality Referrals in Business-to-Business Marketing

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The end of the year is a good time to take inventory of your customer, partner and colleague referrals. It gives you a chance to look back at the referrals you’ve received and put plans in place to receive even more in FY 2017. Are you getting as many referrals as you would like? A better question is: are you getting as many qualified referrals as you would like. It’s always surprising to us how many firms are disappointed in the quality of referral business they receive.

But there’s good news here. And as is often the case, it’s made possible by marketing.
If you received fewer referrals than you projected, or you would like to improve your organization’s referral program, read on.

Referrals come from three sources: current and past customers, business partners and other colleagues. Employees, too, are a lead source that should never be taken for granted. But like sales, referrals don’t just fall out of the sky. As marketers, you have to help make them happen. Referrals take solid strategy and well-executed tactics.

Here’s the formula for receiving quality referrals:

Provide excellent services and/or products + Stay at the top of prospects’ minds + Enjoy good relationships + Provide Motivation = Receive High Value, Sustainable Referrals

How to Earn More Referrals

You should be getting lots of referrals. If you don’t have a program in place that’s working for you, now’s the time to begin implementing. Follow the tips below, and by the end of FY 2012, you will be reaping measurable returns:

1. Institute a Formal Referral Program
Measurable results start here. There is absolutely no substitute for having a structured program with incentives in place to encourage your customers to refer you. You must stay top of mind. For a good example of this, think about your real estate agent. He or she knows that referrals are a major part of their business. They are always incentivizing by giving away restaurant and movie certificates and other gifts. They know we have plenty of options and understand the value of being at the fore of our thinking.

Define what the program “payout” will be based on the sale that’s closed. The amount of money you spend on a referral program should be consistent with the dollar value of what you’re selling. If you’re a low margin reseller, the referral gift will be very different than if you’re making product sales of $50,000 and up. You must pick a referral gift that is to scale.

As for the payout, it’s recommended to only give these referrals gifts upon close of the sale.

2. Look Outside Your Customer Base
The program should apply to more than your current customers. You should also open it to past customers, as well as business partners and other colleagues. Anyone who has interaction with prospects you’d like to add to your roster is a candidate for the program. If you have a board of directors, they should be bringing you leads. If they’re not, find out why.

3. Promote the Program
Without promotion, your referral program is like a tree falling in the woods. Your customers and partners won’t always be thinking of you. They certainly won’t go out of their way to identify opportunities to bring you business. But if they respect your organization, know you appreciate referrals and have incentives for bringing you good ones, then you’re on the right track.

It’s essential to continually remind clients and partners of your services and value proposition. Tell them you value their referrals. You can promote the program through newsletters, invoice mailers, special direct mailers, or when sales representatives or project managers meet with your customers. Special events to thank customers for their business are a powerful way to build good will and encourage them to provide you with qualified leads.

4. Give Them Something of Value
It’s always recommended to give your customers standard referral gifts, particularly if the product or service you’re selling is a standard item. People talk. If one customer finds out that they got a $20 gift certificate, and another got a gift of 10 times the value for the same type of referral, you could burn bridges, all in the name of trying to build relationships.

If your organization has clients on maintenance contracts, think about giving “gift certificates” that can be applied to service contracts, additional services or sponsored company events, such as customer conferences. This is a gift that benefits both the customer and your company. We have seen this company gift certificate approach work well time and again. It’s well received by the client base, costs the company soft dollars, and improves your relationship with your client. There aren’t any losers with this type of program.

5. Arm Sales to Gather Referrals
Your sales people understand the value of referrals. Make sure they are part of the program. If sales is integrated into this program, they can use it as a tool to touch base with your customer base, warm up leads that have cooled, or resume contact with a customer who hasn’t purchased from you recently. In this way, your referral program is an integral part of your sales and marketing strategy, not a bolted on after-thought. Integration is essential!

6. Measure the Success
The only way to know if your program is successful is to measure its results. Results of this program should be relatively straight forward and easy to measure. Since your client or partner will be receiving a gift for referring you, they will help ensure that the lead is traceable back to them. Otherwise, how do they get their gift? If you are promoting the program and your customers are talking to other qualified leads, you should notice an increase in the numbers of referrals you’re getting and the number of sales closed. The only way to be sure of this impact is to measure it.

Referrals can be a valuable part of the growth strategy for your business. If you need more motivation, think of the opportunities you’re missing by not putting a program in place.

For more information on creating a successful B2B Marketing Referral program, contact us at The Borenstein Group at 703-385-8178 or via our web site’s contact us page.

 

“Butts-in-Seats” or “Brains-in-Seats”? That’s How Your Federal Small Business Might Be Valued.

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Remember that feeling of accomplishment you had receiving your college diploma? “I’ve made it,” you probably thought. “I’m finally ready.” Then came the sobering discovery—the realization that post-graduation life from the status of making it in the ‘real world’, has its own challenges and impediments.

It’s the same story for Small Business. Once they’ve graduated from the SBA program in an IT NAIC code, they find themselves competing in a different world. It’s called ‘No Man’s Land’ where titans and gnomes are equally competing for the same RFP capture. So, often we see the smaller companies’ revenues drop; key employees get poached; worst of all, buyers use “comparables” to consistently undervalue their company’s true worth.

According to a study from the Merrill Advisory Group, the four critical components of Government Contractor Valuation are:

1. Business Focus
2. Financial Operations
3. Unique Characteristics
4. Company Brand

But what are Unique Characteristics? That’s the question most Small Business government contractors aren’t prepared to answer. Assuming all things are equal (including past performance, business focus, and financial operations), what makes your company worth more than your competitors?

Often, the answer is rooted in a company’s Strategic Brand Proposition (SBP), or lack thereof.
SBP, like marketing in general, may sound superfluous to most government contractors. But you’ll find it’s intimately and inextricably linked to your company’s growth post-graduation. Buyers and investors have many names for it, “Good Will,” “Intellectual Property,” and “Reputation with Customers, Suppliers, and Partners,” to name a few.

When stakeholders visit your Web site—your digital brand identity—what will they find? User experiences, thought leadership pieces, and collaborative technologies that demonstrate your unique value proposition? Or a hollow, unconvincing mission statement bootlegged from a competitor: “We’re the only company that’s truly customer-focused,” or “We deliver solutions!”

Few Small Business entities have invested the proper time to position themselves for optimal value. The same IT systems integrator can be perceived as an “Architect” (highly skilled strategic partner), or as “Mr. Fix It” (low-cost vendor). Savvy entrepreneurs know that brand equity and the art of strategic communications can make or break perceived value to both Federal customers and potential buyers.

Often, we hear Small Business graduates lament that they can’t afford marketing, advertising, or public relations. It’s the equivalent of bemoaning the need to buy a suit for your first real job interview. Image matters, particularly when you’re building your company for higher valuation. And that, Small Business graduates, is the bottom line.

Ready to chart a different course? Contact us at The Borenstein Group and we can help evaluate what you need to do to make the neccesary changes.

Are You a Trusted Partner or Vendor?

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As the CEO of a digital branding agency, I get the extraordinary opportunity to often meet with many executive managers in Corporate America’s boardrooms. My favorite part is identifying perception gaps that exist between internal and external forces (such as customer vs employees), so I get to interview many key managers that lead operations, delivery and development within both product and service organizations with the goal of identifying their current brand value and name equity for new business, existing business, or when they seek to expand. I work hard to be a trusted partner. What does this mean?

The one question, that seems to consistently impact a company’s brand equity and valuation, is whether the company is thought of as a Vendor or a Trusted Partner?

What my experience has shown me time and time again is, that often, if you want to know if your company will be your client’s partner next year, simply deconstruct the above question and ask, ‘Are we our clients’ vendor/supplier or are we their trusted partner?’ And to be honest, most of us think of ourselves as trusted partners. But are we really? Consider this.

Many of us, in the professional business community, tend to think myopically about our narrow field of service within the giant conglomeration of a service contract or the delivery of a system or products. We count on quality assurance reports, customer satisfaction surveys, and follow-up calls and questionnaires that are supposed to tell us whether the mission set has been accomplished.

I find that often those KPIs are inherently disconnected from what truly matters to buyers when they categorize you between Vendor and Partner. But if you really want to probe and find out, ask yourself or your management team to answer these five self-probing questions. It might hurt a little, but the ultimate gain will be great.

1. Is your company indispensable to your customer?

Many IT companies assume that because they have a legacy system in place that requires a fork-lift, the cost of removal makes them indispensable. Just imagine how many of them went out of business because of Cloud migration and Software as Service providers, which simply disconnected one cable and migrated entire databases to the cloud. Indispensable means that when your customer is thinking of a change, material or cosmetic, they call you to consult. If they don’t, you’re a vendor.

2. Is your company product-agnostic or product-centric?

Especially in the services industry, many companies tend to rely on one relationship with a major credible supplier such as Staples, Amazon, or Xerox (just examples). But if you are unable to offer your clients the choice of other platforms, solutions, software, and ideas that fit their requirements, chances are that you are a vendor. Yes, maybe the margins are higher in the short term, but long term any disruptive technology, process or system will displace you overnight. Just look at how CRM transformed sales to the embedded base and customer satisfaction again and again, and how Amazon went from selling books to selling data centers, invading the space of large data companies that don’t sell books! In my opinion, if you are a trusted partner, choosing which platform you use is secondary to what your client objectives are. It also shows and presents you as a renaissance and evolved thinker that truly looks out for their client’s interests.

3. Does your company provide its clients with customized education or canned teleprompter demos about ‘what’s next’?

Not everyone can afford producing their own training, but imagine what your client or customers feel like when they receive a canned presentation with a slap-on logo for your company. The CEO is thinking, “You’re a vendor…. you didn’t customize it to my needs.” Or, maybe she’s thinking, “65% isn’t relevant to me.” A trusted partner takes the time to at least edit that product video or PowerPoint presentation and show how relevant it is to the target audience in mind.

4. Does your company truly appreciate its customers or does it hold food-rich customer appreciation days?

Let me be clear – taking a client to lunch or inviting them to an open house where free beer flows, beef burgundy, and Mexican guacamole are plentiful does not equate to providing meaningful value. Yet, in many user conferences, it appears that the food is more valuable than the presentations. A true partner invests in making their customer the subject matter expert by being their shadowed mentor.

5. Does Your Company Say, “YES”, before truly analyzing and understanding the client requirements?

I have interviewed many buyers of products and services that tell me that they test their vendors for a measure of trust by often throwing an impossible-to-fill scenario their way, just to see how they approach their answer. I am not talking about a fake requirement but a real-life simulation of something they really need. A vendor jumps in and responds with, “No problem, how many do you need”; but a partner thinks first and asks why, how, and when they need it and most importantly, does it really make sense given who they are as a customer? There is a lot that a true partner considers before giving a well thought-out response. It can be the budget, it can be the technology, it can be anything. Just don’t say, “YES” and “How many do you need?” because then you lose your license to be their true partner.

The bottom line: Every executive in the role of production, customer satisfaction, or sales and marketing struggles to balance the monthly goals against investing additional time to develop a trusted partnership with their client. It may be a longer-cycle marketing process, but in my experience of surveying and working with hundreds of successful companies, that extra time invested will lead you in the right direction to become your client’s true partner… instead of just their vendor.

About the Author: Mr. Gal Borenstein is a recognized expert and strategist in digital branding, marketing, social media, advertising, online reputation management and public relations matters. He is the founder and CEO of the Borenstein Group, a top digital marketing communications firm in the Washington DC metropolitan area that serves clients locally and globally. He is the author of new business leadership book, ACTIVATE! How to Power Up Your Brand to Dominate Your Market, Crush Your Competition & Win in the Digital Age, available in premiere bookstores and on Amazon, Barnes & Nobles and Apple’s iBooks. Gal has published his first business leadership book What Really Counts for CEOs in 2009. Since then, Borenstein has been featured as a guest commentator on CNN and Fox Business News on strategic marketing and branding issues, as well as, been one of the top digital content contributors to influential business leadership social media networks such as LinkedIn, PR Week’s The Hub, Advertising Age’s BtoB magazine, HR.Com, Smart CEO Magazine, DuctTapeMarketing.com and others. He can be reached at 703-385-8178×28 or email at gal@borensteingroup.com or @galborenstein on Twitter.