The Drum Awards for Social Purpose 2022

Live in -h -min -sec

Modern Marketing Brand Strategy Industry Insights

B2B: from engagement to impact

Author

By Rob Mitchell | ceo and co-founder

January 6, 2022 | 6 min read

Sponsored by:

What's this?

Sponsored content is created for and in partnership with an advertiser and produced by the Drum Studios team.

Find out more

Exceptional B2B content goes far beyond just getting noticed by the audience or informing them about business trends. It creates tangible value for the brand, enhances reputation and nurtures future customers.

Newtons Pendulum Image

The best campaigns don’t just inform audiences or get themselves seen – they influence and inspire them too.

But because these outcomes are difficult to measure, most of us resort to metrics such as downloads, open rates and bounce rates. These might be tried and tested, but they are a blunt instrument to measure the impact of B2B content. The best campaigns don’t just inform audiences or get themselves seen – they influence and inspire them too.

Think long term

It is easy to see why marketers reach for these inadequate measures. Most sectors have very long sales cycles that can last several years. This means that at any given time only a small percentage of our target audience is ‘in market’ and might consider buying from us. So the impact of B2B content might only become apparent in one or two years’ time, after a sales cycle has completed.

Despite these difficulties, we are selling ourselves short if we focus on easily quantifiable, short-term marketing KPIs. Instead, we need to think about how our content influences the audience and gets them to think differently, and then look for ways to measure that.

The basis of influence is trust

But securing influence is not easy, and is founded on a relationship of trust between our brand and our audience. Writing in Harvard Business Review, Frances Frei and Anne Morriss list the three elements of trust as authenticity (giving the audience the real us), logic (having sound reasoning behind what we say) and empathy (showing that we care about others’ success).

Influential content balances these three elements. Too much content in B2B is heavy on logic and light on empathy. It can feel remote and abstract because it leans too heavily on research and doesn’t build a connection with the audience. Logic is important – because there must be solid reasoning behind the change we want our audience to make – but it must be balanced with empathy. And too few campaigns are authentic. It is important to let our brand personality shine through.

The real test of influence is whether it leads to tangible impact. Measuring influence, as opposed to engagement, is challenging. But it is possible. Typically, it needs a combination of quantitative research methods: brand surveys, social media sentiment analysis, media/PR metrics and qualitative input such as anecdotes and examples from client-facing teams.

How we measure influence and impact

There are numerous metrics we can use to track influence, such as marketing contribution to pipeline and perception of expertise, and numerous indicators that can suggest content is having a positive impact by encouraging tangible outcomes, such as meetings generated and customer lifetime value.

One strategy is to think about four key dimensions of influence and then find the best ways to assess performance in each:

  1. Expertise: The audience trusts our knowledge and ability to solve their problems.

  2. Empathy: The audience sees us as an ally and has a positive, open relationship with our brand.

  3. Practicality: The audience is confident that we can solve their specific problems.

  4. Brand strength: The audience wants to work with us, and they feel comfortable about that association.

In B2B, we need to be more confident that content can have genuine brand and commercial impact by influencing audiences. Focusing on what is easy to measure, rather than what matters, limits us to obsessing about short-term metrics.

It is not easy to escape this pitfall. But if we can understand the real impact of B2B content on reputation, growth and profitability, we will be taken more seriously by business leaders. They will be less likely to think of content as a cost that they have to control, and more likely to see it as an investment – one that could have a measurable effect on their business.

This was the goal behind Longitude’s recent ebook, which looks to behavioral science, persuasion experts and advertising for ways to create influential content that has real impact. Download your copy of ‘Influence and impact’ here.

Modern Marketing Brand Strategy Industry Insights

Content by The Drum Network member:

Longitude

"Real thought leadership. For brands with big ideas. Longitude is a specialist thought leadership agency that is majority owned by the Financial Times"

Find out more

More from Modern Marketing

View all

Trending

Industry insights

View all
Add your own content +