Marin Software’s mission is to give advertisers the power to drive higher efficiency, effectiveness, and transparency in their paid marketing programs that run on the world’s largest publishers. Marin provides industry-leading enterprise marketing software for advertisers and agencies to measure, manage, and optimize more than $7.8 billion in annualized ad spend across the web and mobile devices. Offering an integrated SaaS ad management platform for search, social, and display advertising, Marin helps digital marketers improve financial performance, save time, and make better decisions.
It’s always a challenge to find the perfect tradeoff between quantity and quality of B2B leads while strictly managing our budget. Our marketing peers are extremely busy, but using our own technology, we were able to reach them and provide them with a potential solution to manage their online advertising campaigns more efficiently.
Julia Demydova
Social Media Consultant at Marin Software
The Challenges of B2B Marketing
With unceasingly restricted time and budget, digital marketers are always searching for new and better ways to do business. Catching and holding their own attention requires not only relevant content, but also creative and effective online marketing approaches.
The Fertile Ground of Lookalike Targeting
To address the question of how to classify keywords, the brand tested a new approach called Marin ScoreCard. This offering from Marin allows the advertiser to define the variables important to their program, and then makes decisions based on those inputs. In this case, the key performance indicator was historical performance data. Here’s a quick snapshot of the metadata that ScoreCard produced:
Since we already had the Facebook pixel installed and had been using it for some time, we took advantage of Facebook’s powerful lookalike technology to target users who downloaded a Marin white paper in the last 180 days. From here, we launched a 1% lookalike campaign.
In a field of over a billion Facebook users, how do you connect with decision-makers interested in your product without breaking the bank? Plant a good seed, nurture it, and reap the results.
We saw positive results right away. So, we applied a nested lookalike technique and launched a 2% lookalike campaign, followed by the lookalike on fans, lookalike on Website Custom Audiences (site visitors), and retargeting on Website Custom Audiences. We used smart exclusions for each campaign to avoid audience overlap, and to preserve budget through excluding people who downloaded a white paper recently or visited the careers section of our website.
Optimizing for the Weekend
Although B2B activities tend to subside during the weekend, the data revealed that there were a small number of high-intent workaholics to engage during this timeframe—hard to locate, but good to convert into a lead.
For others who were taking the weekend off, Marin’s Managed Rules was a perfect solution that helped us optimize campaigns at a granular level during the weekend. A set of automated optimization rules—activated for the weekend—helped acquire a number of leads at a low CPA, and freed up budget for the following weekdays to bid more aggressively.
When One Plus One Equals Three New Markets
Using the Marin Social platform and its powerful, automated managed rules, combined with Facebook’s Lookalike Audiences, we continuously fine-tuned our B2B lead generation campaigns on Facebook, even during the weekend.
The synergies exceeded expectations and resulted in a whopping 226% increase in the number of leads, and a 43% decrease in CPA. Also, we were able to substantially increase budget for this channel, so that a similar strategy could be used to expand our Facebook campaign portfolio into three new European markets—Germany, Austria, and Switzerland.
Full results include:
226% increase in leads (a record number)
43% decrease in CPA
Expansion into three new markets
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White paper
PPC for B2B: a Performance Marketing Survey Report for 2023
To help you stay on the leading edge of performance marketing, we surveyed over 300 B2B marketers to uncover actionable insights that will help you improve the performance of your PPC investment. Through a Marin and LinkedIn partnership, we sought out to understand what B2B marketers face right now and how they are dealing with a complicated market. Read the full report to get a better understanding of how B2B marketers are changing their approach this year.
What You'll Learn from the Report:
How budgets have changed through the years 2020 to 2023 and how budgeting complexities affect the work of advertisers this year.
What challenges are most prevalent this year and how other marketers like you are adapting.
The critical role audience targeting plays in your success, especially during a recession, and some interesting trends relating to targeting techniques.
The types of content and campaign management techniques are currently helping advertisers move buyers through the sales funnel.
What paid social or PPC channels are providing the best ROAS or conversions for B2B right now.
If you invest time, money, and resources into lead generation, you need to make sure that the leads you’re generating fit your ideal customer profile (ICP). We call these ideal potential customers targeted leads. So, what exactly can you do to generate targeted leads efficiently and effectively? Read on for expert tips and tricks.
Start with valuable lead magnets
A lead magnet is a piece of content designed to capture lead information and get potential customers into your CRM system. You can develop high-quality, value-driven lead magnets and give them out to potential customers for free in exchange for their contact information - usually their email address.
While everyone loves free stuff, the fact that a lead magnet is free is not enough to incentivize potential customers to take action. Lead magnets must be genuinely valuable to inspire them to download them and offer their contact info.
Here are some types of lead magnets you should consider creating:
An excellent example of a high-value lead magnet is Onnit's "8-Week 8-Pack Plan", a PDF detailing an 8-week workout plan people can download for free. All they have to do is provide their email address. Then, they’ll receive the guide right in their inbox.
Although Onnit isn’t exactly a B2B marketer, there’s a lot we can learn from this guide.
Of course, this lead magnet gets potential customers onto Onnit’s email list. But more importantly, it’s full of helpful images and step-by-step explanations that a reader can easily understand and follow. Since it’s easy to use, potential customers will find value in it immediately. This improves brand credibility and increases the likelihood that leads who download the 8-week plan can be upsold paid offerings, like a monthly workout plan subscription.
So, how can you create a highly valuable lead magnet? By making sure it's chock-full of helpful information and easy-to-follow steps towards a concrete result. Onnit’s goal is to get people in shape and help them adopt a fitness mindset. When creating your lead magnet, think: What would you like your customers to achieve? And then help them achieve it.
Once you’ve crafted your lead magnet, share it on various marketing channels like organic social, paid social, and paid search. More on that next.
Use paid search advertising to reach the right people
Getting your brand to the top of the search engine results page (SERP) is a great way to build visibility and provide a quick solution to customers' needs. Of course, paid search ads can drive traffic to your product pages, but it's also good to showcase your lead magnets in paid ads targeting relevant search terms. If your content answers a question that your ideal client is searching, that's a great way to grow your lead pipeline.
Here are some paid search tips for B2B marketers looking to generate high-value leads:
1. Use High-Intent Keywords
High-intent keywords are terms that potential clients use when they're getting closer to making a purchasing decision. Incorporate keywords that reflect specific needs, like “enterprise project management software” or “commercial insurance quotes.” Analyze your search terms report to find terms your target audience uses when they’re ready to engage and add those to your campaign as keywords.
2. Create Sitelinks for your Lead Magnets
Paid search is a great way to promote your best lead magnets. Create sitelinks that link to your different pieces of content. Using strong call-to-actions (CTAs) like “Download the Free Whitepaper” or “Watch our Webinar” as the sitelink text will drive users to engage with your lead magnets. Call extensions are also useful for B2B companies looking to increase inbound inquiries.
3. Optimize Landing Pages
Ensure that your ad’s landing page is optimized for conversions. It should provide high-level, digestible information about the product or lead magnet and include a simple, straightforward form to capture lead details. Keep the design clean and navigation easy, and ensure the messaging aligns with your ad copy to maintain consistency.
4. Focus on Quality Over Quantity
When it comes to B2B lead generation, the quality of the lead is often more important than the quantity. Optimize your campaigns to attract leads that are most likely to convert into paying customers. This means bidding higher on a small collection of more competitive, high-intent keywords rather than placing mid-tier bids on a large group of more vague keywords.
Craft personalized social media messages
Without a doubt, LinkedIn is the best social platform for generating targeted leads and connecting with decision-makers. To do LinkedIn outreach right, start by researching your ideal connections. Craft messaging that will resonate with your ICP by first understanding the types of problems they might be trying to resolve.
Here's an example of two outreach messages. Which one would you be more likely to act on?
I think we can all agree that the second is more compelling!
Once you identify a common problem for a targeted group of prospects, you can reach out with a message telling them how your product will resolve that problem. This message should be complemented by a quick overview of your track record and a call to action. Remember to include a link to one of your lead magnets!
Test Paid Social Ads
Paid advertising on social media will put your brand in front of a highly targeted audience, but you have to deliver a powerful message to inspire people to click. The combination of captivating visuals and a clear call to action will get people to click on your ad to check out your products and offers. When you combine this with a powerful landing page, you have a high chance of turning them into a lead on the spot.
Here are some B2B-specific tips for paid social campaigns:
1. Target Precisely
Use the detailed targeting options available on social platforms to hone in on your ideal customer profiles. This includes job titles, industries, professional interests, and company sizes. The more specific you can get, the more likely you are to reach decision-makers.
2. Create Engaging Ads
B2B doesn't have to be boring. Create content that captures attention and engages viewers. This can be through informative videos, eye-catching infographics, or thought leadership posts that position your company as an expert in your field.
3. Utilize Lead Generation Forms
Many social platforms offer lead generation functionalities, like LinkedIn’s Lead Gen Forms, which auto-populate with the user’s profile data when they click your ad. This reduces friction in the lead generation process, making it easier for users to sign up or express interest without leaving the platform.
4. Showcase your Lead Magnets
Not every ad should ask users to 'book a demo' or 'buy today'. Instead, promote some of your best lead magnets to cement yourself as a thought leader in the eyes of your ideal customer. Whether it’s an industry report, a sponsored article, or just a good old-fashioned whitepaper, driving traffic to your lead magnets is invaluable.
Build landing pages that inspire action
Your ads will only deliver the desired results if they link to equally powerful landing pages. When a potential customer clicks on an ad, they need to land on a page that delivers valuable information that is relevant to them.
For example, if a person searches for the best wireless security cameras, and your ad pops up, you want to make sure that it leads them to wireless cameras specifically. A common and costly mistake would be to lead them to your entire security camera selection, not a filtered landing page.
That's a big no-no.
With that said, what does a great landing page look like? Check out DoorDash, whose landing page gives you everything you need to take action immediately above-the-fold, along with added information and options as you scroll down.
Or how about Marin's very own performance marketing and automation landing page?
The above-the-fold part of the page has everything from a video intro to a short text explainer, as well as a clear CTA and some social proof sprinkled in at the bottom. As you continue to scroll, you get to know the specific features of the platform and the ways it can streamline your digital marketing campaigns.
Optimize Your Lead Generation Forms
When it comes to lead generation forms, brevity is your friend. Lead gen forms should be short, sweet, and to the point, and they should offer some value to the visitor (like a lead magnet). Make sure the user has to fill out no more than 6 info boxes to complete the form. Just two or three is ideal.
Here are some types of lead gen forms to add to your site:
Newsletter signup
Email in exchange for a discount code
Account Registration in exchange for access to resources
Lead magnet signup
Here's an example of a good lead gen form:
On Expat.com, the signup form is straightforward and concise, with color simplicity and contrasts to emphasize the call to action as well as other signup options.
Track Every Micro-conversion
The B2B sales cycle can be long and convoluted, with many different micro-conversions occurring along the way. A micro-conversion could include a form fill, a demo request, a phone call, or downloading a lead magnet. It’s critical to track every step of the customer journey to understand what’s driving sales and where customers are dropping out of your marketing funnel.
Marin attribution was built to do just that. It’s ideal for B2B businesses because you can view every micro-conversion side by side, and even calculate the conversion rate from one micro-conversion to the next. It’s critical to implement a multi-touch attribution tracking system so you can understand the full picture.
Over to You
Generating targeted leads starts with creating high-quality lead magnets that bring potential customers into your conversion funnel. Potential customers want to connect with brands on a more personal level, so it’s critical to position your brand as a thought leader in your industry.
Paid search and social advertising for B2B brands can be complex. Tracking the customer journey is no easy task. And with many sales cycles taking over 6 months, it can be difficult to determine which ads and lead magnets were the true needle movers that drove a lead to convert. With Marin’s cross-channel campaign management and attribution software, the process becomes streamlined and simple. Speak with a Marin rep to learn more!
Alumni Ventures doubles lead volume and reduces CPL by 33% with Marin budgeting optimization
Background
Alumni Ventures is the #1 most active venture firm in the US and America’s largest venture firm for individual investors. They believe in the power of networks, and their network is uniquely broad and deep. The 600,000+ members of their community are the source of their capital, deal flow, and value-added services to their portfolio of companies. Alumni Ventures relies on performance digital media to generate leads for their sales team.