If we as buyers do not have a personal experience with a brand, or know someone who has, we generally defer to (and trust) the “wisdom of crowds” and their conversations about a particular brand or product to inform our purchasing decisions.  In the modern marketing world, in which social media and social CRM are moving at break-neck pace, the crowd-sourcing mechanism will be a primary influencer of how, when and where B2B consumers decide to make a purchase. The once-isolated customer is now an active consumer of expert opinions, product comparisons and peer reviews, using the Internet and massive social networking to gather the necessary information for making an informed purchase decision.

The new participatory role of the consumer has fundamentally changed B2B marketing by presenting companies with the opportunity to excite and engage prospective customers in their prevailing platform for conversation. Now that the consumer has control (as discussed in our recent whitepaper, Forget the Funnel – a New Look at the Stealth Buyer), companies who wish to have a voice in the conversation must develop integrated marketing strategies that deliver consumers offers and experiences in an authentic and relevant way.

So how do you generate inbound leads with a social media strategy?  Develop an integrated marketing communications program that strengthens your brand within the conversation, builds referrals, communities and influencers and makes sense of your social footprint – a strategy that will pave the way for attracting highly qualified inbound leads.  Miller rightfully asserts that companies thinking strategically about demand generation must commit a significant portion of their efforts to using social media as a means for tapping the wisdom of crowds and conversations and building trust for their brands and products.  Just as it was in the traditional sales cycle, trust is a critical component to building a customer relationship, and companies can leverage social media to grow their consumer relationships, enhance B2B lead generation efforts and ultimately, convert qualified prospects into revenue for their brand.

Many companies in today’s market might be struggling with the costs of increasing their physical footprint. But with the right strategic approach, companies can afford to increase their digital footprint to reach more prospects, increase engagement and generate highly qualified inbound leads.

Learn how to integrate, manage and maximize your company’s total social marketing universe. Request your Zeitgeist & Coffee demo now.

All are being hailed as social media innovations and harbingers of the death of traditional advertising. More accurately, they are examples of big brands scrambling to cope with consumer empowerment and a fractured media landscape.

Pepsi’s “Refresh Everything” campaign is the most ambitious. At the very least it is a great stunt. The company made the news by deciding to not run Super Bowl ads. That announcement probably generated more media exposure than running Super Bowl ads would have. Beyond the stunt, the campaign is a brave experiment. Pepsi is gambling that distributing $20 million across thousands of bloggers/activists will gain more media exposure than $20 million spent during Super Bowl. They’re gambling on the social media “network effect.” And they are gambling that “do-gooders” will not be embarrassed to attach their ideas to a big corporate brand. We think Pepsi could have given the campaign more of a traditional media push. Regardless, if it works, Pepsi will have succeeded in killing two birds with one stone – they will effectively counter their “big bad global brand” image and multiply their media investment. What is notable about this campaign is that it is all about mission and has nothing to do with product.

Domino’s “Pizza Turnaround,” on the other hand, it is all about the product. It’s the story of how the company changed its standard pizza formula in response to customer feedback. No mission, but very conversation-centric. The launch video struck just the right note. It’s lighter and less ambitious than the world-changing Pepsi campaign, but then again we are talking about soda pop and fast food here. Because it comes off as honest, responsive and relevant to the product, this campaign is likely to connect. It will drive reconsideration and trial. Whether the “new” product can live up to the promise, well … Regardless, as an example of a good conversation-centric marketing campaign, it’s a hot four-cheese success!

Finally, the Taco Bell “Drive-Thru Diet” campaign. Hmm… Rather than leverage the conversation to address the company’s real product issues, like Domino’s is trying, or focus on a mission, like Pepsi, Taco Bell is attempting to use an integrated media strategy to do that old fashioned marketing trick – sell us a counter-factual pile of beans. They’re going to try and get us to believe that stuffing down fatty foods in our cars can help us lose weight. What? Who is going to buy that? I can believe that a Subway lettuce sandwich is a better choice than a greasy burger. But can I really believe that a Taco Bell “diet” will make me skinny?

Yet, despite the critique, I have to applaud all three efforts.

We are living in interesting times. And if there is one truth in our new conversation-centric marketing world, it is that brands need to be fearless and try new things. Cut the strings of caution! Experiment. Even if Taco Bell customers don’t lose weight, Domino’s doesn’t deliver and Pepsi falls flat, there’s little downside. That’s the irony of consumer empowerment. Brands have lost a lot of authority, but they’re no longer expected to be perfect either.

(Serious fans of Glee call themselves “Gleeks.” As far as I’m concerned, Gleek is a Superfriends space monkey. But that’s a debate for another day.)

As Ad Age opines, “There is no other show on TV right now that gets as much free, voluntary social media marketing courtesy of fans.”

So how can your business hit the right notes and bust the right moves to engender this kind of enthusiasm? Short of hiring the glorious Jane Lynch, the lesson to take away from this viral success is that you need to make an emotional connection with your audience – in your stores, in your marketing, at every possible touchpoint.

It all comes back to your brand. Is it conversation-worthy? Frame it right and customers and prospects will happily help sing your praises.

Harness the power of social media. Register for your free presentation today and find out how you can use social media to build your brand and business.