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Why do most B2B online marketing campaigns that are launched fail?

08/21/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The failure of B2B online marketing campaigns can be due to various factors. Here are some common reasons why most B2B online marketing campaigns fail:

Obscure Objectives: If the campaign objectives are not clearly defined or are too vague, it becomes difficult to measure success and take the right actions.

Lack of audience analysis: If the company does not properly understand the target audience or does insufficient research, the marketing message may not reach or engage the right people.

Ineffective content strategy: The content of a campaign is crucial. If the content isn't relevant, informative, or engaging, it won't resonate with the audience and may not elicit action.

Weak conversion strategy: Driving traffic to the website is not enough. It's just as important to have a clear conversion strategy to convert visitors into customers. If this strategy is absent or ineffective, there will be no success.

Lack of integration of marketing channels: B2B online marketing should integrate different channels such as email marketing, social media, content marketing and search engine optimization to ensure a consistent and effective campaign.

Insufficient budget: If the budget for the campaign is limited, this can limit the reach and effectiveness of marketing activities.

Poor user experience: A confusing website, slow loading times or a complicated checkout process can put off potential customers.

Lack of measurement and analysis: Without thorough analysis and measurement of campaign performance, it is difficult to identify strengths and weaknesses and adjust strategy accordingly.

Strong competitive landscape: In some B2B markets, competition can be very fierce, making it difficult to differentiate yourself.

Seasonality and Market Trends: B2B companies can be affected by seasonal fluctuations or changes in market trends, which can impact the success of their marketing campaigns.

In order to run more successful B2B online marketing campaigns, it is important to consider thorough planning, audience analysis, content strategy, conversion optimization and continuous measurement and adjustment. It's also good practice to monitor and incorporate current marketing trends and best practices in the industry.

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Strong growth in the digital online advertising market in Germany

08/16/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The digital display advertising market in Germany recorded impressive growth of 24.7 percent in 2021 and an increase of more than one billion euros compared to the previous year. This is according to data from the Online-Vermarkterkreis (OVK) in the Bundesverband Digitale Wirtschaft (BVDW). The Corona pandemic acted as a catalyst for this development, driving digitization and increasing demand for digital advertising. In total, digital display advertising revenues amounted to EUR 5.12 billion in 2021.

The OVK's "Paid Content" trend study sheds light on users' willingness to pay for editorial content on the Internet. Only 21 percent of users resort to paid online content. Men (63 percent) and young users between 16 and 29 (27 percent) in particular show an above-average willingness to pay for such content.

The study also shows that paid subscriptions to e-papers and e-magazines are used most frequently, followed by paid access to news portals or online services and paid podcasts. The age structure influences these preferences: Older people aged 50 and over are more interested in e-papers or e-magazines, while younger users prefer podcasts.

Nevertheless, about 37 percent of non-payers believe news content should always be free. Those who would pay for editorial content are open to different access models. For example, about 66 percent could come to terms with agreeing to website cookies as an alternative to pay models, while about 54 percent would accept mandatory registration, provided they could continue to access content for free.

Steffen Bax, deputy chairman of the OVK, emphasizes that advertising revenues are still indispensable for financing journalistic content on the Internet. Both paying users and users of free content see advertising as an accepted method of supporting journalistic content online.

The OVK is committed to the development of a new online media platform.

The OVK continues to expect double-digit growth in the digital display advertising market despite the pandemic effects fading. For 2022, they forecast growth of 11.8 percent to more than EUR 5.7 billion. Programmatic advertising is expected to exceed the 4 billion mark and stabilize at a level of 71 percent. Moving image advertising will also generate revenues of EUR 2.1 billion in 2022. In-page advertising will remain dominant, accounting for 63 percent of revenues.

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Why B2B suppliers and service providers have a hard time generating inquiries via their own website these days, and what alternatives there are

07/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In today's digitized business world, online presence and lead generation are critical for B2B vendors and service providers. Yet many companies face the challenge of generating inquiries through their own website. This article explores the reasons behind this problem and presents alternative approaches to attract qualified leads.

1. Overwhelm due to the multitude of websites:

The Internet is flooded with websites of B2B vendors and service providers. Customers have a seemingly endless choice, making it difficult to stand out from the crowd. Often, websites are not optimized enough to convert visitors into paying customers.

2. Lack of search engine optimization (SEO):

Poor visibility in search engine results can prevent potential customers from finding the website in the first place. Without a targeted SEO strategy, valuable leads are lost.

3. Complex offerings and opaque content:

B2B products and services can often be complex. If the website fails to convey this information clearly and understandably, visitors will lose interest and look elsewhere for solutions.

4. Lack of personalized targeting:

Websites that fail to capture visitors' needs and interests and provide them with personalized content may have a hard time establishing an emotional connection and building trust.

5. Competition from third-party platforms:

Third-party platforms such as LinkedIn, Xing, and business directories offer B2B companies the opportunity to showcase their services to a wide audience. As a result, they compete directly with their own website for the attention of the target group.

Alternatives to lead generation via one's own website:

1. Content marketing:

By creating and sharing high-quality, relevant content, B2B providers can position themselves as experts and attract potential customers. Blog posts, case studies, white papers, and videos are just a few examples of content that can build trust and convert visitors into leads.

2. Social Media Marketing:

A targeted presence on social media platforms allows companies to engage their target audience directly and build relationships. Interactive content and targeted advertising can capture the attention of potential customers.

3. Influencer marketing:

Working with influential people or companies in the industry can increase a B2B vendor's credibility and reach. Recommendations from trusted sources can pique the interest of potential customers.

4. Webinars and virtual events:

Hosting webinars and virtual events allows B2B companies to showcase their expertise live and engage directly with audiences.

5. Collaborations and partnerships:

Collaborating with other companies can lead to mutual benefits by gaining access to the partner's customers and thus generating new potential leads.

Conclusion:

Generating inquiries through your own website can be challenging for B2B vendors and service providers, but there are numerous alternative ways to attract qualified leads. A smart combination of content marketing, social media marketing, influencer marketing and the use of webinars or partnerships can increase reach and significantly improve the chances of successful lead generation. Companies should regularly review their marketing strategies to find the best approaches for their individual goals and position themselves successfully in the highly competitive B2B landscape.

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How can I promote and sell complex products or products that require explanation?

05/24/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Promoting and selling complex products or products that require explanation can be challenging, but requires a focused strategy. Here are some steps that can help you:

Target audience analysis: analyze your target audience and understand their needs and requirements. Also consider how they prefer information and how they respond to different marketing methods.

Storytelling: an effective way to promote complex products is to use storytelling techniques. Tell stories that focus on your product and show how it can solve your target audience's problems and needs.

Use of videos: Videos are a great medium to explain complex products. You can create step-by-step guides or tutorials to demonstrate your product. Using animations or infographics can help illustrate complicated technologies or processes.

Expert opinions: Use expert testimonials to persuade your target audience. Publish testimonials or case studies that show how your product can solve problems and add value.

Customer feedback: Show feedback from satisfied customers to convince potential customers of your product. Use platforms like social media to collect and share customer feedback.

Personal contact: Offer potential customers a face-to-face consultation or demo to help them understand your products and answer questions.

Content marketing: create relevant content that appeals to your target audience and provides useful information. Use blogs, infographics, podcasts, or white papers to explain complex topics and engage potential customers.

Promoting and selling complex products or products that require explanation can be challenging, but with the right strategy and a well-thought-out plan, you can succeed.

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Search engine optimization: how to optimize your website for search engines

05/16/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Search engine optimization (SEO) is an important part of any online marketing strategy. It's about improving the visibility of a website in the organic search results of search engines like Google or Bing. In this article, we'll take a look at what SEO is, why it's important, and how to optimize your website for search engines.

What is SEO?

SEO is a process that aims to improve a website's visibility and reach in organic search engine results. SEO encompasses a variety of techniques aimed at increasing a website's relevance and authority in order to achieve higher rankings in search results. The goal of SEO is to drive quality traffic to the website and attract potential customers.

Why is SEO important?

SEO is important because most users use a search engine to find answers to their questions or problems. If a website does not show up in search results, it loses potential customers to competitors that rank higher in search results. Through SEO, a website can generate more traffic, increase its authority and credibility, and ultimately generate more sales.

How to optimize your website for search engines

Keyword research: identify relevant keywords and phrases that your target audience would use when searching for your products or services. Use tools like Google Keyword Planner to find keyword ideas and evaluate their popularity and competitiveness.

On-page optimization: optimize your website for keywords and relevant content. Use meta title tags, meta descriptions and header tags to show search engines what your page is about.

Technical optimization: Make sure your website is technically sound. Use a clear and structured URL structure, load your page quickly and make sure it works well on mobile devices.

Content optimization: Create high-quality content that appeals to your target audience and contains relevant keywords. Use different types of content such as text, images and videos to provide users with a wider range of information.

Link building: make sure your website is linked to from other websites. Links from other websites signal to search engines that your website is relevant and trustworthy.

Conclusion

Search engine optimization is an important part of any online marketing strategy. By optimizing your website for search engines, you can generate more traffic, higher rankings in search results, and ultimately more sales.

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