Reviewing Our 2010 B2B Social Media Predictions

Before we start looking forward with predictions for 2011 in B2B social media, we thought we would look back at our predictions for 2010. It is worth looking at these predictions not to determine our skill at predicting the future, but to see how quickly or slowly various aspects of social media were adopted or ignored by B2B companies.

1. Sales Staff Get Social Media Savvy
This is something that definitely started to happen in 2010, but not to the extent that we might have thought. The first steps of this occurred, which are the education and awareness of the benefits of social media to a sales force, and a big part of that is through the growing online conversation about sales 2.0 and social CRM.

2. Inbound Marketing Gets Cash
Spending is definitely increasing around areas that bring customers to online destinations, including social media. According to the CMO Survey, social media spend is expected to be around 10% of the marketing budget for B2B companies within one year, and up to 18% within five years.

3. Location-Based Fills In The Gaps
Location did not happen for B2B companies in 2010. The value of the check-in, and even the growth of location-based coupons, did not adapt well to the complex relationship-building process for B2B social media. Even Foursquare, the leader in location-based applications, acknowledges a consumer retail focus and prevents non-retail businesses from claiming their venue on the site by stating “we’re trying to limit foursquare specials to places where people meet, socialize and linger. Think: cafes, bars, restaurants, coffee shops, museums, theaters, etc.” This limits experimentation of non-traditional approaches of checking in.

4. Social Media Lead Generation Becomes Common Place
While social media lead generation is definitely happening across multiple platforms, this is not a common occurrence. Many B2B companies are still challenged how to move beyond engagement to lead generation.

5. Social Media Publishing Gets More Multi-Media
The growth of audio and video content has been huge in 2010. While every successful campaign like the Old Spice Guy encourages clients and bosses to ask for viral videos, causing marketers to cringe (because you don’t make viral, it happens), they do increase the awareness of video as compelling online medium.

6. Influencer Marketing Gets Even More Important
With the decline of traditional media, marketers are looking for other ways to share their messages, and influencer outreach is definitely a growing approach. With sites like Klout to measure online influence, as well as other determinations based on site page rank or offline industry influence, many in the B2B space are learning who to reach out to.

7. Mobile Can No Longer Be Ignored
It is hard to find any statistics that don’t point to the growth of mobile in the US and around the world. Look at growth of smartphones, sales of iPhones, the growing Android platform and even a Gartner report from earlier this year that says the number of mobile phones that can access the web will exceed the number of PCs by 2013. More B2B marketers are understanding the importance of a mobile experience, especially as it relates to communicating on social networks and driving traffic back to their content.

8. Corporate Web Sites Get Social
Some B2B companies who understand the importance of connections through social media have made corporate web sites more social. This is not something that has gotten very pervasive, but there has been a large adoption of social media follow badges and share buttons across many B2B sites.

9. Social and Real-Time Search Drive B2B Social Media Adoption
More B2B communicators became aware of the importance of real-time information and the required response using social media and other outlets. Google, Twitter and even Facebook pushed the notion of real-time to the top of their platforms, which helps B2B companies see the importance of social media adoption.

10. B2B Gets Smart About Social Data
Most B2B companies are still overwhelmed with the amount of user generated content created around their customers, prospects and industries, and there just have not been good solutions for mining this data for actionable information. The beginnings of this are happening with social CRM platforms, but it is very early in that space.

11. The Firewalls Start To Come Down
Many B2B companies started 2010 by blocking access to social sites on their corporate networks. Not much has changed in those instances, but as social media matures, B2B companies will start to understand the business value of employees accessing sites like Twitter, Facebook, LinkedIn and YouTube. If companies are worried about employee productivity or inappropriate online comments if employees have access to social media sites, that is an employee problem, not a social media problem. And with the continuing growth of mobile, employees will bypass corporate networks entirely when searching social sites for business recommendations or polling their networks for information.

How does this compare to what you have seen in 2010 in your B2B companies? Let us know in the comments below. And look for our 2011 predictions next month.

Comments

  1. says

    I think you’re a bit too hard on yourself on 4, 8 and 10. It’s true that these behaviors haven’t gone entirely mainstream, but the companies that have figured them out aren’t broadcasting it. Right now they represent a competitive edge, and they’re smartly reluctant to say they have it.

  2. says

    Robert

    These were predictions from 2010. We’ll see what we come up with for 2011. And social media for lead gen is a goal that many B2B companies have yet to achieve.

    David

    Thanks for cutting us some slack. I would agree on 4 and 10, but 8 would be visible to all visitors to the website. And again, these are trends we predicted, and have found that there just wasn’t the adoption we were expecting.

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