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Showing posts with label relationship. Show all posts
Showing posts with label relationship. Show all posts

Sunday, February 13, 2022

Beyond February 14: B2B marketing takeaways from Valentine's Day

Pink hearts photo form freestocks on Unsplash
Pink hearts photo from Freestock on Unsplash

When we think of Valentine’s Day, B2B is not exactly what we think of when we picture candlelit dinners, bouquets of roses, chocolates, gifts of jewelry. and stuffed animals and cards festooned with red and pink hearts. However, if you think out of the heart-shaped box, you can begin to understand that there are quite a number of parallels.


First of all there is the recognition of  important relationships. Sure Valentine’s Day is associated with romantic one specifically, though data tells us that for many people it is also  a day to celebrate their love for parents, children, friends, coworkers,  classmates, teachers, and even  pets. 


This doesn’t mean that you should be shoehorning your own B2B messaging into a heart shape when it doesn’t fit. Instead, think about how you can advance that relationship in authentic ways that relate to your client’s concerns. That means you demonstrate your commitment to meeting their expectations for your products and services. 


It’s the thought that counts for a gift, right? So is it enough to show you realize you are expected to buy something by picking up a gift conveniently set out on display at the drugstore on your way home?  No, the thought that counts is the one that shows you know what the person is about and what they’d like to get.  The question is: what expectations are in place and are they met? 


One interesting revelation from the National Retail Foundation (NRF)  data on holiday spending is the discrepancy that often occurs between the type of gift that people say they want and the percentage that say that is the type they intend to give. To apply this to a B2B context, you don’t want to disappoint your customers by failing to meet their expectations. 


So the first step, obviously, is getting to know them well enough to be able to grasp what they need, what their business goals and pain points are so that you can anticipate them in delivering the solutions. In other words, if you want to show you really care, you have to do better than just the token nod of a one-size-fits-all bouquet of red roses. 


What does it take to deliver on your B2B customer expectations? You have to listen to what they’re saying about  their current needs and wants. That’s not limited to what they tell you directly if you ask them for information in surveys; a lot of it is already out there. It’s possible to tap into the wealth of data, including the record of their purchases, how they place those purchases, what promotions they respond to, where they’re businesses are and where they wish to get to. 


All those data points feed into a complete view of the business that allows you to show you understand them. On that basis, you can build customized communication that is delivered the way they prefer it, whether that is via text, email, snail mail, a video chat, or an in-person visit. While one client may  love the in-person attention, another may consider it a drain on precious time at the office.


The takeaway from Valentine’s Day for building up a happily ever after relationship in B2B is the following:

1.Avoid the one-size-fits-all messages that will disappoint a large number of clients.

2. Put in the effort to get to know what they really want from you.

3. Deliver on those expectations and plan for how to anticipate their future needs and wants.

4. Repeat as necessary.


Acting on wrong assumption in pushing a one-size-fits-all attempt at communication when you should be personalizing doesn't show caring but a lack of consideration for what your recipient prefers. That can be as much a disaster as sending flowers to someone who is highly allergic to them or chocolates to a diabetic because you assumed that the popular choices are the way to go with everyone.


Related: True love meets marketing




Tuesday, January 5, 2016

Algorithm predicts which couples will stay together

“He loves me. He loves me not.” Flower petals predictions have a 50 percent accuracy rate. Marriage
photo from https://en.wikipedia.org/wiki/Wedding_ring
therapists have a somewhat better rate of accuracy, but a computer algorithm beats most of them with nearly 79 percent accuracy. What puts the odds in its favor is measuring the tone of voice in couple interaction.

Read more in 

Algorithm Predicts Relationship Success


Monday, December 16, 2013

Written in the meta-data

Is it possible to identify an individual’s romantic partner on the basis of his/her social networks alone? That’s the question Jon Kleinberg, a computer scientist at Cornell University and Eric Bakstrom, a senior engineer from Facebook, teamed up to answer. After analyzing millions of Facebook data points, they came up with an affirmative response in Romantic Partnerships and the Dispersion of Social Ties: A Network Analysis of Relationship Status on Facebook -- they assert the answer is yes with a 60% probability. 

Read more in Your Romantic Attachments as Predicted by Metadata

Thursday, October 11, 2012

Predictive analytics for relationships

That's at the heart of Dr. John Gottman's approach, which he expands on in his latest book, What Makes Love Last? How to Build Trust and Avoid Betrayal. I wrote about that book  here.

I've written about his earlier work in several posts:

The ultimate marriage manual

 and the 4 part Marriage success between two earthlings