Why Business Development Needs Digital Marketing
Gaurav Yadav
Head of Business Development and Strategic Partnerships | Ex Founder & CEO | Business Accelerator | Business Growth | Digital Marketing | AI & Digital Transformation | Top Business Development Voice | Top AI Voice |
The worst type of digital marketing is the kind that’s completely self-obsessed —memes and viral videos aside, your organization needs to invest in digital marketing that?actually?resonates with your customers.
What better way to get the most out of digital marketing than team it up with business development?
By integrating digital marketing with your sales funnel, you will be able to get more out of both — here’s why you should do it, and how you can make the most of digital when it comes to closing leads and making sales.
It impacts customer experience
A new client or customer is going to judge you based on what they find on your domain and your social media channels — so put your best foot forward.
One of the main things that businesses can do to improve their online client experience is to focus a little bit more on the?story?that they’re telling; and?consistency?is really important in any form of business storytelling.
Online customers are really busy, and they may not be constantly reviewing your online content, but every time they do choose to interact with you, try to make sure that what they see is consistent and upholds your business values.
Maximizing marketing opportunities
Business development often creates a lot of interesting stories.
You might go out to a cool place for a client meeting, or share a really inspirational networking talk with other people.
It’s really important to make a big deal out of these business development moments — digital is the perfect channel to do so. Social media, online video, your blog–—?these are all places to share stories and examples of a great company sales culture.
It helps define your USP
Digital marketing is an absolutely brilliant way to broadcast your unique selling proposition to your entire audience.
Using blogging, web content, and social media is one of the most cost-effective ways that a brand can educate and enlighten their audience about what it is that they do. Using the power of value-led content is an effective, yet simple, marketing and sales strategy.
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This is not about being really self-involved and always talking about yourself, but about being really clear on how & why you offer value to your customers.?Content such as product guides, comparison charts, and in-depth videos are a great way to educate your audience on how you differ from your competitors.
A big part of business development is bringing your brand into context with other similar businesses — a great digital brand can help you stand out.
Your customers are content consumers
Most customers will be consuming online content every day (including some that have been created by your competitors).
To play a part in your customers’ lives, you need to enter the mix and join the conversation.
Don’t assume that your customers are completely loyal to you, and will never ever research or find someone else’s content — your customers are content consumers, and they will know when your competitors are upping their game, putting out better content, and renewing their branding efforts.
It’s really important that you manage to stay competitive by creating consistently good content as well. The best content for your customers is the kind that really addresses their key concerns, even gripes, with your product — this will help create an aura of authenticity and community around your brand.
Authenticity and good advice are some of the key tactics that business development managers and salespeople use. Being open helps disarm people — it makes them extremely susceptible to whatever you do next…
Sometimes, they’re the same thing
Often there is very little difference between strategies like?inbound marketing, and business development. More and more customers are finding their favorite brands online, and making purchase decisions directly through websites. The best digital organizations focus on creating a more holistic sales funnel that takes into account customer experience and content, rather than focusing on old-school sales targets.
Sticky online funnels drive sales
A lot of websites are still glorified brochures, wasting valuable sales opportunities. Make sure that your website works hard for you when it comes to driving conversions and sales.
Business development is at the heart of any business and gets a lot of attention (rightly so), but it’s also important to appreciate all the other activities that go on around sales, and how they contribute to closing that final deal. Digital marketing is an absolutely brilliant place for brands to talk about their offering in a much more customer-focused way. (And remember, business development isn’t the only department that can benefit from some digital integration). What’s your favorite business development story, and why?