How is Digital Marketing for B2B? What are the considerations to take into account to drive sales in this market? Do we have to treat different the target market than B2C?
In this presentation we will cover the 4 most important stages to drive sales on B2B with Digital Marketing, focusing on the latest trends and technologies.
3. Who am I?
• Maria Jose Serres
• Montevideo, Uruguay
• Degrees in Computer Engineering +
Marketing + Digital Marketing.
• First job with Internet in 1995.
• Worked in B2B most of my life from
development to consulting.
• I’m a Demand Generation Manager at PEER 1
Hosting
• Involved in the latest trends & technologies
related digital media.
linkedin.com/in/mjserres
@mjserres
10. B2B
• Business to Business
• Shift in communication but not totally
– From building emotional connections
– To problem solving
• Normally many points are touched before a
decision is made
11. B2B
B2C
Markets
B2B markets are generally small vertical
markets, often niche in size, comprised of
a few thousand sales prospects to maybe
as large as 100,000 prospects.
B2C markets that are typically large broad
markets of tens to thousands to millions
of sales prospects.
Sales Process
B2B sales require consultative selling
(selling based on understanding a client's
needs and developing a relationship of
trust) sometimes from a two-step level
sales organization including the sellers
sales force and a distribution sales force.
B2C sales are usually direct to the
consumer or involve a retailer. The sales
approach is a traditional product sell of
"convincing the consumer" they need the
product or service being sold.
Purchase Decision
The decision to purchase in B2B sales is
generally driven by need and budgets
therefore; it tends to be a very rationale
decision.
B2C purchase decisions tend to be made
based on want more than need or a
budget and therefore are triggered by
more emotional decisions.
12. But keep in mind…
“73% OF PEOPLE WHO READ B2B BLOGS
ARE PEOPLE.”
Tim Washer
Senior Marketing Manager Cisco
(Tweet this now, mention @timwasher)
13. Definitions
Connect
Reach our
target market,
call the
attention, be
relevant.
Engage
Allow our
target market
to act, give
them good
call to actions.
Measure
Convert
Stats behind
everything,
Generate
show our ROI, leads & sales.
assess your
activities.
16. Connect
• It’s about being with the right message, at the
right time when the target market needs us.
• There are many channels to use, identify your
target market to see what they use and what
is relevant for them.
20. ..and when they don’t
“80% of the traffic on your web site is not from people who will necessarily buy
anything. The challenge is engaging with those visitors who are interested in your
product but are still in the evaluation process.”
Chris Golec, Founder and CEO of Demandbase
28. Engage
• Engage is about motivation:
– How to motivate people to engage with us?
– Why they would like to engage with us?
– What do we have to give them in return?
• Call to actions:
– What are the ways to engage with them?
51. Summary
Connect
Reach our
target market,
call the
attention, be
relevant.
Engage
Allow our
target market
to act, give
them good
call to actions.
Measure
Convert
Stats behind
everything,
Generate
show our ROI, leads & sales.
assess your
activities.
And why me being here to talk you about this? Because I’ve been working in this market since 2001, I’ve been seeing the change and I’m part of it.
Why am I here talking about this? Because there is more investment on marketing for B2B, mainly digital and you need to know where to stand when you start looking for a job.
Which one area is the single most exciting opportunity for your organisation in 2014?These are the areas that business are going to invest more this year, how much do you know about them?
The game is changing and the target market shares what they like
Businesses are competing on attention to their target markethttp://www.youtube.com/watch?v=S0Or1f_RxKQ
linkedin.comThe survey revealed that the average customer had completed more than one half of the purchase decision-making process prior to engaging a supplier sales representative directly
90% of business buyers say when they’re ready to buy, they’ll find US.
As businesses need to reach the target market with slight different channels than B2C, each channel should be properly used, have a strategy to anticipate, to be reactive
Show what they need
There are many magazine ads talking about the issues that companies have. And this is a good way to catch the attention: talk about their issues, solve their problems.
Owned Earned and Paid – the key elements of strategy convergenceOwned: Website – Desktop – Mobile – Tablet: SEO - Branded Social - Branded Content – eMailEarned: Word of Mouth – Blogger Outreach - Online video - Social - UGC Social - USG TwitterPaid: Video Ads - Branded Content - Display Banners - Mobile Display – Sponsorship – and social / social mobile has a key role to play