We used to talk to a real person as a first step. To get familiar with the company. To learn more. To create bonds. Not now. Now we talk to a real person as a last resort when we’ve exhausted the supply of Zero Moments of Truth and have a query so specific only a human being can answer it.
This is most egregiously true in a category where the transactional stakes are often the highest: business to business marketing. In 2011 the Corporate Executive Board surveyed 1,900 B2B customers to uncover insights about purchasing behavior and found that customers will contact a sales rep only after independently completing 60% of the purchasing decision process. Sixty percent of the decision is made before the prospect identifies himself. Sixty percent of the decision is made before a call, or an email, or an entry into your lead tracking database. Customers are ninjas now. They are stealthily evaluating you right under your nose.
This has manifest consequences on the role of salespeople, whose job used to be to develop and nurture relationships. No longer. The role of the salesperson is now to answer specific questions capably and quickly, and to close deals that became possible due to the self-serve research performed by the customer. What does that 60% figure mean for marketers? A lot, according to the Corporate Executive Board’s Ana Lapter:
“The 60% mark is in that part of the mid-funnel that is critical in terms of driving the buyers’ consideration of a supplier for a potential purchase,” Lapter says. “Therefore, marketing needs to de-emphasize tasks like thought leadership and white papers, and focus more on advanced activities, such as diagnosing purchasing needs and identifying internal barriers to purchase.”
Marketing needs less top of mind awareness and more Youtility – marketing so useful, people would pay for it. Sounds about right to me.
Life Technologies Offers Self-Serve B2B Product Information Through Interactive Video
Global biosciences company Life Technologies operates in a business category not typically known for its cutting edge use of YouTube, nor its embrace of new marketing principles. But, in 2011, Life Technologies launched the most quintessentially useful video program with the best utilization of video annotations I’ve ever seen. (Annotations are words or phrases embedded in videos that serve as a call-to-action, and sometimes provide a direct link to other videos.)
Their “Interactive Selection Guide to Immunoprecipitation” is actually 42 short videos chained together with an elaborate annotation scheme, giving Life’s customers – working scientists – an easy, self-serve way to determine which products are the best fit for the job.
According to Oslo-based Andrew Green, Life’s Divisional Lead for Video and Interactive Marketing, the original plan was to create a customary, Web-based product finder. Realizing, however, that online arrays of pull-down menus and such are ultimately devoid of personality (and only passively educational), they decided to build it entirely in video, where they could better anticipate some of the questions customers might have, and actively incorporate them.
Mapping the content and determining how the videos would connect and branch was the most difficult part of the project, says Green – who sent me a photo of the wall-sized chart they used to plot it all out.
The videos have accumulated more than 75,000 YouTube views, extraordinary, given their extremely narrow customer target.
Smart B2B companies understand that providing self-serve information and giving customers and prospective customers the opportunity to find answers for themselves, without being burdened by personal, synchronous communication, isn’t shirking their duty as marketers; it’s become their duty as marketers.
Excerpted from Youtility: Why Smart Marketing is About Help not Hype by Jay Baer, published in late June by Portfolio/Penguin. See YoutilityBook.com for other resources.
Photo credit: Flickr