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open cycle launches today and is a company to watch »April 16, 2012LinkedIn 4x better for B2B leads than Facebook or Twitter says HubSpot study
I'm presenting at the LinkedIn #B2BConnect 2012 event today - April 17, 2012 - in Mumbai, India.
A few weeks ago as I was preparing my talk, I asked my friends at HubSpot if they had any data on the effectiveness of LinkedIn that I could share with my audience. Rebecca Corliss came through with some awesome new data which I am releasing for the first time here.
In a study of 3,128 HubSpot B2B customers, LinkedIn generated the highest visitor-to-lead conversion rate at 2.60%, four times higher than Twitter (.67%) and seven times better than Facebook (.39%).
The methodology was a data dump of all of HubSpot customers' social media traffic and leads collected through the HubSpot system in 2011. From there, data was segmented to look at B2B companies that had generated visits and leads from social media. Companies that generated less than two leads in the year were excluded from the sample.
Lead generation with LinkedIn
This data clearly shows that LinkedIn is a good lead source. But few B2B companies use LinkedIn to its full potential.
To help you, HubSpot has published a free ebook Learning LinkedIn From the Experts: How to Build a Powerful Business Presence on LinkedIn. In it, five LinkedIn specialists provide insight into how you can use LinkedIn to successfully grow your network and business. Or just check out the HubSpot LinkedIn company page to see the potential of what LinkedIn can do.
Disclosures: I am on the HubSpot board of advisors and I serve as Marketer in Residence for the company. I am being paid to speak at the LinkedIn #B2BConnect 2012 event.
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Posted by
David Meerman Scott on April 16, 2012 |
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I wish several companies I know would read this post. I think Facebook for B2B or corporate environment is as useless as Linkedin for sharing your social life... and as useless as using a fork to eat soup. You must choose the right tool for the right audience (I published some similar ideas on my blog)
Unfortunately Facebook is very trendy, so many think they must use it...without thinking if it will work for their strategy (in the case the had any) or not.
Great post. Thank you
Posted by:
Antonio Calero |
April 17, 2012 at 02:44 AMGreat data that supports what I've been telling people in presentations about building professional profile. Facebook may have a role in B2B, but it's nothing like the go-to resource that LinkedIn is.
I posted on this today on my own blog, theIdeaStudio: http://www.customercrossroads.com/customercrossroads/2012/04/which-social-network-can-get-you-business-linkedin-is-for-b2b.html Thanks for the inspiration!
Posted by:
Susan Abbott |
April 17, 2012 at 11:38 AMI find Facebook and Twitter to be more fun. However, when I'm serious about networking for business, I definitely head for LinkedIn!
Posted by:
Tamara G. Suttle, M.Ed., LPC |
April 17, 2012 at 10:27 PMLinkedIn is seriously under-utilized as a marketing tool. Its groups and answers features give marketers more information than you could ever glean from Twitter profiles or Facebook open graphs. There are people asking questions and telling your their problems every single day! I've consistently found that (for me) LinkedIn converts 10x to 20x better than Twitter. The volume is about half so that still results in a net 5x to 10x increase. It's because the responses are laser-targeted and customized. People don't like to do it because it takes better organizer and more work.
I've just launched a new web business 30 days ago and so far LinkedIn conversions are 12x better than Twitter and 2.9x better than Facebook.
Posted by:
Jon DiPietro |
April 18, 2012 at 08:20 AMHi David,
I'd agree i might be more than 4 maybe 6 or 7 times more effective for B2B. I think it is if you establish some thought leadership their through groups. If your using it as purely Sales tool I think you'll have a tougher time.
My friends Sales friends at Cisco our using it as Sales Channel. I personally think if you are you should give back a bit maybe go pro or establish the leaderships I talked about. I think that will reel people in more.
Thanks
Dara
Posted by:
Dara Bell |
April 18, 2012 at 03:17 PMThanks, David. We've had a lot of success with LinkedIn and I think it's because it's used for professional development. We market software tools for engineers, so there's a symbiosis with our user community: our tools are enhanced by skilled users and skilled engineers are are enhanced by our tools. In other words, without a skilled user we are just dead bits on a hard disk drive. We hosted a Group on LinkedIn so that our community can showcase their skills and develop their careers. They can tag their profiles/resumes with our tag, and attract headhunters who are looking for the skill to drive our tool. It's a win-win-win! PS Thanks also for the mention! :-)
Posted by:
Signalintegrity |
April 18, 2012 at 07:40 PMI think there are practical applications for all the major social media platforms, but LinkedIn has some obvious (and not so obvious) advantages in business. As a corporate blogger, I pay very close attention to who responds to the material I share everywhere but especially on LinkedIn.
Posted by:
Crystal Wiebe |
April 23, 2012 at 10:39 AMI understand that LinkedIn is better for B2B lead generation because it is a professional network. However, that kind of makes the conclusion fall into the category of "Well, duh!" Business people use LinkedIn for maintaining business connections, not Facebook.
However, we should stop thinking of paltry visitor-to-lead conversion rates of less than 3% and start thinking about connecting buyers, sellers and vendors through the power of those networks we all possess and put systems in place to manage it all as a virtual channel. Many B2B products, especially long tail/niche technology products need to be sold. No one will click to buy 40 grand worth of Active Directory utilities off a LinkedIn ad. But sales like that are too small or too expensive for a direct sales force.
Let's look beyond the irrelevant conversation of Facebook vs. LinkedIn for B2B and look at how social networks can be used to get B2B products to market in fundamentally new ways.
Posted by:
Tim Johnson |
April 26, 2012 at 02:37 PMTim, I absolutely agree. And I've been writing about that topic for a decade now (since 2004 on this blog). Nevertheless, I do think this is interesting data. Thanks for jumping in.
Posted by:
David Meerman Scott |
April 26, 2012 at 02:44 PMDavid, would you be willing to have an offline conversation about a system that is just coming on the market that can do just that?
Posted by:
Tim Johnson |
April 26, 2012 at 11:28 PMThanks for the post. Can you define "visits" in the context of this research? Is it one visit to a company page on LinkedIn, Facebook or Twitter? On LinkedIn you could also visit a group or a personal profile, correct? Hence the request for clarification. Thanks!
Posted by:
Curiousbanker |
May 01, 2012 at 09:44 AMThanks for this post, I quoted it on my blog : http://www.mailinblack.com/blog-mib/br%C3%A8ves-mib-%E2%80%93-30042012 ;)
Posted by:Hadia |
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