While experts continue to dispute the state of the economy and how to define a recession, companies are deep into 2023 planning. What will the next year bring? Should you maintain, cut expenses, or plan for growth? Inflation moderated slightly over the summer, indicating that we may have passed the peak, but it’s still sky-high. Although this is not the time to make rash decisions, marketers should keep the future under scrutiny and forecast accordingly.
More often than not, the first expenses cut in times of a recession are marketing and advertising, as they are seen as discretionary costs. It may not be shocking that we’d beg to disagree. The second you cease marketing and advertising efforts, you’re leaving the door open for aggressive marketers to consume more market share. Now is the time to differentiate if you can afford to do so. After months of neglecting your brand, consumer awareness will decrease significantly. Recessions create huge opportunities; take advantage, or someone else will.
The Content Marketing Institute reports that 70% of marketers believe that content marketing has become more critical to their organization over the past year (Stahl & Kalinowski, 2022). While planning for 2023, marketers should focus their attention on two places; the trends high-growth companies are adopting and what companies with declining revenue are doing to plan for growth. This article will detail some of the inbound marketing trends that should be in your 2023 B2B marketing plans:
It’s the channel B2B companies neglect the most, usually because of the high level of effort. With 21% of emails going missing or getting tagged as spam, it’s very difficult to stand out in the saturated inboxes of recipients (Why Are My Emails Going to Spam Folders?, n.d.). It’s even more challenging to create valuable content that keeps the reader on your email for longer than a few seconds.
What kind of email content should you create to nurture relationships and move those leads down the funnel?
LinkedIn has been around since 2002 but has recently seen record growth and engagement. The professional social network is expected to account for 25% of advertising dollars spent on B2B marketing by 2024 (Voss, 2022). It’s a great time to get active on the platform before its popularity causes saturation.
Thought leadership drives brand perception, compels decision-makers to take action, and provides your audience with a basis for determining your company's trustworthiness, competence, and credibility. Executives should utilize the platform to share their opinions to position themselves as thought leaders in their industry. People connect with people. If decision-makers are used to seeing the faces of your company each day on LinkedIn, they’re more likely to connect with them and engage in a relationship.
We recommend starting with posting 2-3 days per week, during the weekday. Sit down at the top of the week for one hour and plan a few posts. Share an article with your thoughts, share a tweet that inspired you, or start a poll. LinkedIn News is a great place to start searching for articles worth sharing. The most impactful post you could make is in the form of a video. LinkedIn will be the most popular video channel for B2B marketers in 2022, followed by TikTok. It’s the easiest way to communicate relatability, but making it seem organic and effortless isn't easy.
Here are a few questions you can ask yourself to get the creative juices flowing:
Creating content can seem daunting for a busy executive, but it pays dividends. It only takes one post to spark massive engagement. Once you create engaging content, follow up with your engagers through a LinkedIn direct message or personalized email. Just a couple of hours each week keeps you top of mind for potential clients and builds credibility for the entire company.
In 2023, 42% of B2B marketers will increase their spending on case studies, surpassing their spending on other marketing efforts (Decker, 2022). Case studies are one of the most effective forms of social proof as they show that your services have the potential to provide value and demonstrate a return on investment. They can be needle movers in closing deals for high-value services with a long sales cycle. This form of content is multipurpose. You can send them in a nurturing email to a prospective client or share them on social media. The possibilities are far-stretching.
The case study structure guides the reader to the most impactful qualitative and quantitative bits of information. It’s crucial to nail the organization of these articles. Here’s what we recommend:
Take a look at one of our case studies for our client, K9s For Warriors, for a visual example.
This is not a new or complicated concept; however, it’s a powerful one if you’re looking to build trust and credibility with potential clients. Here are a few ways to incorporate client feedback into your marketing strategy:
It can be challenging to get a client to send a testimonial; the timing has to be right. We suggest asking for a testimonial via email the minute you’ve completed a successful project with a client. This is when their confidence is the highest, and the details of your level of service are fresh. It’s important to get specific in your ask. Testimonials that speak to the benefits and value of your products or services are much more effective than generic or overly-positive feedback.
One of the most powerful and cost-effective strategies to build key relationships for business development is an Employee Ambassador program. Leverage employees with a vast knowledge of your brand and trending industry topics and an affinity for the industry to generate quality leads.
This marketing strategy crosses over a bit with the Thought Leadership section above, but some distinct differences exist. Employee Ambassadors don’t have to be executives. They should be well-connected on social platforms and open to training on thought leadership guidelines. They should be incentivized to evangelize for the company. While some employees may be happy doing this without being rewarded, motivation will eventually dwindle. Incentives help.
Use these steps as a starting point to build your Employee Ambassador Program:
These are just a few of the inbound marketing trends that businesses should be watching in 2023. By staying on top of these trends and incorporating them into your marketing strategy, you can create more effective and engaging campaigns that drive results for your business.