SlideShare ist ein Scribd-Unternehmen logo
1 von 23
B2B vs B2C Marketing Automation Platform. What’s the Primary
Difference?
What is a Marketing Automation Platform? (both B2B and B2C)
Why do B2B and B2C have different marketing automation platforms?
1. Channels
2. Data
3. Key features
4. Process vs experiment-based
5. Pricing
What is a Marketing Automation Platform? (both B2B and B2C)
● Marketing Automation doesn’t have a unique or scientific definition that you can fall back on to qualify a certain marketing tool
as a marketing automation solution.
● Most definitions over the internet that you may find would be either vague or molded to suit the interest of the company
publishing it. For instance, without naming anybody, resource posts by ESPs would make you believe that marketing
automation is all about creating automated email workflows which is a total misleading definition.
● Eventually, amid the clutter of definitions, I hit the one by Scott Brinker and found peace.
What is a Marketing Automation Platform? (both B2B and B2C)
● A marketing automation platform encompasses a comprehensive range of specific marketing technologies that are aligned
together such that your marketing program can be put on autopilot.
● So a certain company, independent of B2B or B2C, has requirement of various marketing technologies throughout the user’s
life-cycle for various reasons like lead nurturing, lead tracking, lead scoring, run campaigns etc.
● A solution which lets them automate and manage all these programs from a single dashboard is essentially called a marketing
automation platform (hereby referred to as MAP for simplicity).
● Obviously, there is no software which could accommodate absolutely 100% of your marketing program within its realm. Even
in best cases, there are going to be some outlier activities. We liberally choose to call even those solutions as MAPs that cover
70-80% of marketing for you.
● I understand it’s going vague but basically, you cannot create a checklist to qualify a certain tool as MAP. It’s just that some
MAPs can be more MAPpy and some can be less. For instance, take this definition of marketing automation by Marketo in
their guide and notice the usage of ‘including’
● Some of these practices are possible at small volumes without marketing automation, but technology becomes
essential with any scale.
● Moral of the story is that we don’t have a scientific definition for MAP, not yet.
Why do B2B and B2C have different marketing automation platforms?
• Since customer behavior in B2C and B2B domain are different, their business goals are going to be different too. With
differing business goals, their choice of marketing technologies is going to vary.
• Ultimately, with varying technologies, the kind of marketing automation platform that caters to their interest are going to
be different.
• Automating these processes requires different types of data collection, analytics, and engagement which are served by
MAPs differently.
• Having discussed why the two MAPs are different let us understand how they are different by evaluating them on the
basis of following parameters.
1. Channels
Key takeaway- The number of engagement channels in B2C MAPs exceeds way larger than that of B2B.
● Email is still the unspoken official mode of communication which explains why it is still the primary engagement
channel in the B2B sales process. In a B2B sale, the life-cycle stage of the user may progress but the medium of
communication remains consistent- email. Face time in succeeding stages.
● However, in case of B2C, the stress is on multi-channel and lately omnichannel engagement. A brand is invariably
required to reach the customer at the channel that is most convenient to him at the moment. Email is just one
component of the channels pool that they employ.
● Consider two B2C and B2B MAPs like Hubspot and WebEngage and compare the number of channels in their
offerings.
● Comparison of Hubspot and WebEngage
2. Data
Key takeaway- The kind of data that you save in B2B and B2C MAPs are tremendously different. Plus, B2B MAPs sources
data mostly from CRM while B2C builds the database from scratch.
● In B2C the user is required to perform some interaction on your platform for you to be able to initiate a communication.
● Since the B2C sale is largely driven by emotional impulse the quality of the data is centered around user’s browsing behavior
and lifestyle attributes. Data around age, gender, purchase history, most visited category etc. basically anything that could
influence the purchase of an individual.
● They track all the users who engage with the product in any way, on the web via cookied browser and on mobile via
combination of unique identifiers found on the device. Their extensive reliance on cookies is the reason why in a web-based
B2C product the user is required to perform some interaction on your platform for you to be able to initiate a communication.
● The data they collate is then leveraged to analyze the triggers and segments that contribute to higher purchasing behavior.
● On moving from B2B to B2C the quality of the database changes. Attributes that you capture for the end customer in B2C
varies tremendously in B2B.
● B2B marketers, for the obvious reason, would have little to do with the age, color preference, gender etc. of the user. They
need data like company size, the position of contact, industry etc which browsing data points wouldn’t reveal. So B2B MAPs
primarily source their data from CRM, like Salesforce, Oracle etc. or whatever they are using.
● They further complement this data with browsing behavior and landing pages to grade the lead. This way they don’t have to
build their database from ground up like B2C and can begin working immediately post integration with CRM.
The following image is from Salesforce. Compare the contrast in the labels with the one above:
3. Key features
Key takeaway- B2B’s pain point is lifecycle management while that of B2C is retention. The contrast of priorities translate to different
key features in the two MAPs
This would be little longish so bear with me.
● The target audience in B2B is niche. They need to restrict their marketing to a very smaller base of prospects whose
number only in rare cases would touch 5 digits. B2C, on the other hand, caters to a relatively large audience.
● In B2C it’s just one single individual trying to make a purchase, in B2B, it’s whole company that you are after. So, a visitor
from Verizon is going to mean two totally different things to a B2C and B2B company.
● B2C marketing aims to elicit the emotional response of the user while B2B marketing seeks a rational, informed
response. So, although branding has an importance invariably in all transactions it plays a much pivotal role in B2C than
it does in a B2B sale.
● B2B products carry a higher risk because of the number of levers it controls within the product. This is why things like
competitor analysis or proof-of-concept are a major step in the B2B process. Those things while buying a bike or
toothpaste or even insurance are simply non-existent.
Click on the link below to
view full infographic:
B2B VS B2C Marketing Automation Infographic
● A B2B product becomes intrinsic to the business’ infrastructure. Replacing them is like reinventing the wheel. So they have
higher stickiness than consumer products. Due to this B2B transactions are recurring in nature while B2C are one time
purchases.
● The above factors coupled with the inherent risk and deal size makes B2B sales cycle long and consultative in nature.
● All the points discussed above entails that the larger pain in B2B is not acquisition but effective life-cycle management that
would lead to conversion. They need tools which let them create a volume of high qualified leads and compresses the sales
cycle.
● For B2C, the biggest pain is retention. Their primary metric is LTV (B2B got it covered because of its recurring nature) which is
a function of customer retention. Saying that they require tools which let them handle their campaigns that aim to re-engage
their user.
● Due to the differing pain points, the kind of features that the corresponding MAPs provide to address them are different:
● B2B MAPs– Lead scoring, Lead nurturing, CRM integration,
● B2C MAPs- Retargeting, Reputation management, Retention marketing, Multi-channel engagement
4. Process vs experiment-based
● Key Takeaway- B2B marketing is more like a process. B2C on the hand stress on tests and experimentations and
need tools that let them create powerful segments.
● Marketing in B2B is one-to-one. The emergence of account-based marketing is the product of the same need.
● B2C marketing on the hand stresses majorly on branding. One-to-one marketing is simply beyond the realm of B2C marketers
because of their inability to create extensive user profile like B2B marketers can with the help of CRM. Furthermore, even if
they build the profile, holding 1:1 communication with such volume is only an idealistic thought. So, for B2C marketers, the
success lies in their ability to create micro-segments and creating personalized offerings for each of them.
● Therefore B2B marketing is more like a process. The reason being that they solve a problem which is experienced by entities
displaying certain common traits in terms of size, industry type, revenue, use-case etc. Since the discipline of marketing is
based on first identifying the consumer and then strategizing accordingly, in B2B, understanding your users is not a recurring
or exhaustive affair.
● For most companies, there are established rules and portfolios and scope of creativity is only limited to how the quickly and
efficiently the concerned individual can execute it.
● While B2C is largely dependent on tests and experimentation. To accomplish that they need products that are capable of
making sense of the enormous data dump that shoots up every day and lets them use that data to create powerful
engagement campaigns.
5. Pricing
Key Takeaway- In B2B the pricing is based on the number of contacts. In B2C it’s the number of volume of data they
capture mostly quantified by the number of Active Users.
In B2B each lead is contactable, for only then they are going to be qualified as lead, and like we discussed, the function of the MAP is
lifecycle management of each lead. B2B MAPs are therefore priced on the basis of the number of contactable leads that you want to
manage via the platform.
Some examples
● Hubspot
● Autopilot
● Hubspot
● Autopilot
Because of this contract-based pricing,
B2B MAPs can get extremely expensive for B2C companies.
Mike Templeton is the CEO of a Utah-based marketing company
- Foxtail Marketing.
In web-based B2C product there are millions of
users and approximately only 10-30% of them are
contactable. In mobile products this number would
be between 40-80% (for opt-out rate of push is
increasing).
But since the number is still beyond the scope of
one-to-one communication they collate data to
create high definition atomic units of users also
called segments and engage them with right
incentive .
The B2C companies thus charge on the basis of the
number of unique users you want to track and
engage. The industry term to quantify such users is
MAU(Monthly Active Users)- the number of users
who engages with the product in a month.
● WebEngage
Several companies define MAUs in their own way, which is also explicated in pricing page of Localytics. “Some other platforms
consider any user you send a message to as an MAU, even if the user never actually opens your app. With these platforms, you’ll
need to purchase a larger number of MAUs if you want the ability to re-engage inactive users.”
But ultimately boils down to the number of users you wish to engage. Like Urban Airship prices on the basis of reachable users or
addressable users.
● So basically both B2B and B2C charges on the basis of the number of users but one considers the number of contactable
ones and other does the number of trackable ones.
● ‘Number of contacts’ is the fundamental scale on the basis of which pricing is done but it is not the only condition. Almost all
the platforms club the features together and create several slabs of pricing depending on the requirement.
Conclusion:
Both the platforms are learning from each other and the definitions are converging. For instance, B2C features like retargeting, multi-
channel engagement are showing up in B2B.
On the flipside, lead nurturing, close loop reporting etc that were earlier in the territory of B2C are now being picked up by B2B
platforms.
In a few years, there wouldn’t be much difference between them to warrant a post like this. Until then :)

Weitere ähnliche Inhalte

Was ist angesagt?

Defining and Measuring B-to-B Buyer Engagement
Defining and Measuring B-to-B Buyer EngagementDefining and Measuring B-to-B Buyer Engagement
Defining and Measuring B-to-B Buyer EngagementMani Iyer
 
Intelligent Sales Execution with SAP Sales Cloud for Smarter and Faster Sales
Intelligent Sales Execution with SAP Sales Cloud for Smarter and Faster SalesIntelligent Sales Execution with SAP Sales Cloud for Smarter and Faster Sales
Intelligent Sales Execution with SAP Sales Cloud for Smarter and Faster SalesAshish Saxena
 
The BFSI Marketer's guide to leveraging marketing automation & analytics
The BFSI Marketer's guide to leveraging marketing automation & analyticsThe BFSI Marketer's guide to leveraging marketing automation & analytics
The BFSI Marketer's guide to leveraging marketing automation & analyticsNetcore Solutions
 
The Complete Guide to B2B Marketing
The Complete Guide to B2B Marketing The Complete Guide to B2B Marketing
The Complete Guide to B2B Marketing Jennifer Simon
 
Marketing Automation and Your CRM
Marketing Automation and Your CRM Marketing Automation and Your CRM
Marketing Automation and Your CRM Jennifer Simon
 
Multi Channel Customer Management
Multi Channel Customer ManagementMulti Channel Customer Management
Multi Channel Customer ManagementCustomer Centria
 
Customer Relationship Management Unit-5 IMBA Osmania University
Customer Relationship Management Unit-5 IMBA Osmania UniversityCustomer Relationship Management Unit-5 IMBA Osmania University
Customer Relationship Management Unit-5 IMBA Osmania UniversityBalasri Kamarapu
 
Building Detailed Marketing Profiles to Drive Better Sales
Building Detailed Marketing Profiles to Drive Better SalesBuilding Detailed Marketing Profiles to Drive Better Sales
Building Detailed Marketing Profiles to Drive Better SalesJuliann Grant
 
Protecting Margins and Creating Value in Telecom
Protecting Margins and Creating Value in TelecomProtecting Margins and Creating Value in Telecom
Protecting Margins and Creating Value in TelecomLightwell
 
8 steps for excellent B2B CX (customer experience)
8 steps for excellent B2B CX (customer experience)8 steps for excellent B2B CX (customer experience)
8 steps for excellent B2B CX (customer experience)B2B Marketing
 
CRM Strategies PowerPoint Presentation Slides
CRM Strategies PowerPoint Presentation SlidesCRM Strategies PowerPoint Presentation Slides
CRM Strategies PowerPoint Presentation SlidesSlideTeam
 
Customer Relationship Management unit 5 trends in crm
Customer Relationship Management unit 5 trends in crmCustomer Relationship Management unit 5 trends in crm
Customer Relationship Management unit 5 trends in crmGanesha Pandian
 
Malthouse final http://www.cheapassignmenthelp.co.uk/
Malthouse final http://www.cheapassignmenthelp.co.uk/Malthouse final http://www.cheapassignmenthelp.co.uk/
Malthouse final http://www.cheapassignmenthelp.co.uk/Assignment Help
 
IBM Protecting Margins and Creating Value in Communications, Media, and Enter...
IBM Protecting Margins and Creating Value in Communications, Media, and Enter...IBM Protecting Margins and Creating Value in Communications, Media, and Enter...
IBM Protecting Margins and Creating Value in Communications, Media, and Enter...Lightwell
 

Was ist angesagt? (20)

Defining and Measuring B-to-B Buyer Engagement
Defining and Measuring B-to-B Buyer EngagementDefining and Measuring B-to-B Buyer Engagement
Defining and Measuring B-to-B Buyer Engagement
 
Intelligent Sales Execution with SAP Sales Cloud for Smarter and Faster Sales
Intelligent Sales Execution with SAP Sales Cloud for Smarter and Faster SalesIntelligent Sales Execution with SAP Sales Cloud for Smarter and Faster Sales
Intelligent Sales Execution with SAP Sales Cloud for Smarter and Faster Sales
 
The BFSI Marketer's guide to leveraging marketing automation & analytics
The BFSI Marketer's guide to leveraging marketing automation & analyticsThe BFSI Marketer's guide to leveraging marketing automation & analytics
The BFSI Marketer's guide to leveraging marketing automation & analytics
 
The Complete Guide to B2B Marketing
The Complete Guide to B2B Marketing The Complete Guide to B2B Marketing
The Complete Guide to B2B Marketing
 
Marketing Automation and Your CRM
Marketing Automation and Your CRM Marketing Automation and Your CRM
Marketing Automation and Your CRM
 
Crm cycle
Crm cycleCrm cycle
Crm cycle
 
Multi Channel Customer Management
Multi Channel Customer ManagementMulti Channel Customer Management
Multi Channel Customer Management
 
Customer Relationship Management Unit-5 IMBA Osmania University
Customer Relationship Management Unit-5 IMBA Osmania UniversityCustomer Relationship Management Unit-5 IMBA Osmania University
Customer Relationship Management Unit-5 IMBA Osmania University
 
Brief points on crm
Brief points on crmBrief points on crm
Brief points on crm
 
Analytical crm and social crm
Analytical crm and social crmAnalytical crm and social crm
Analytical crm and social crm
 
The CRM Buyer's Guide
The CRM Buyer's GuideThe CRM Buyer's Guide
The CRM Buyer's Guide
 
Building Detailed Marketing Profiles to Drive Better Sales
Building Detailed Marketing Profiles to Drive Better SalesBuilding Detailed Marketing Profiles to Drive Better Sales
Building Detailed Marketing Profiles to Drive Better Sales
 
Protecting Margins and Creating Value in Telecom
Protecting Margins and Creating Value in TelecomProtecting Margins and Creating Value in Telecom
Protecting Margins and Creating Value in Telecom
 
8 steps for excellent B2B CX (customer experience)
8 steps for excellent B2B CX (customer experience)8 steps for excellent B2B CX (customer experience)
8 steps for excellent B2B CX (customer experience)
 
CRM Strategies PowerPoint Presentation Slides
CRM Strategies PowerPoint Presentation SlidesCRM Strategies PowerPoint Presentation Slides
CRM Strategies PowerPoint Presentation Slides
 
Customer Relationship Management unit 5 trends in crm
Customer Relationship Management unit 5 trends in crmCustomer Relationship Management unit 5 trends in crm
Customer Relationship Management unit 5 trends in crm
 
Malthouse final http://www.cheapassignmenthelp.co.uk/
Malthouse final http://www.cheapassignmenthelp.co.uk/Malthouse final http://www.cheapassignmenthelp.co.uk/
Malthouse final http://www.cheapassignmenthelp.co.uk/
 
IBM Protecting Margins and Creating Value in Communications, Media, and Enter...
IBM Protecting Margins and Creating Value in Communications, Media, and Enter...IBM Protecting Margins and Creating Value in Communications, Media, and Enter...
IBM Protecting Margins and Creating Value in Communications, Media, and Enter...
 
Digital Marketing.pptx
Digital Marketing.pptxDigital Marketing.pptx
Digital Marketing.pptx
 
Crm ppt
Crm pptCrm ppt
Crm ppt
 

Ähnlich wie B2b vs b2c marketing automation - Monk - WebEngage

B2B Commerce - how to become successful
B2B Commerce - how to become successfulB2B Commerce - how to become successful
B2B Commerce - how to become successfulDivante
 
B2B Ecommerce through Magento and how integration will help
 B2B Ecommerce through Magento and how integration will help B2B Ecommerce through Magento and how integration will help
B2B Ecommerce through Magento and how integration will helpAPPSeCONNECT
 
Anatomy of-account-based-marketing
Anatomy of-account-based-marketingAnatomy of-account-based-marketing
Anatomy of-account-based-marketingAman Bhandari
 
Importance of Digital Transformation for B2B
Importance of Digital Transformation for B2BImportance of Digital Transformation for B2B
Importance of Digital Transformation for B2BWorld of Digits
 
Mobile-First Selling
Mobile-First SellingMobile-First Selling
Mobile-First SellingJason Kreiter
 
The Number One Digital Challenge Facing B2B Today
The Number One Digital Challenge Facing B2B TodayThe Number One Digital Challenge Facing B2B Today
The Number One Digital Challenge Facing B2B TodayImran Choudhary
 
Prove and Improve Your Marketing Impact in 2021
Prove and Improve Your Marketing Impact in 2021Prove and Improve Your Marketing Impact in 2021
Prove and Improve Your Marketing Impact in 2021Marketo
 
Trends in marketing.pptx
Trends in marketing.pptxTrends in marketing.pptx
Trends in marketing.pptxNithyaJeevan1
 
content_marketing_comes_of_a_271566
content_marketing_comes_of_a_271566content_marketing_comes_of_a_271566
content_marketing_comes_of_a_271566Ali MacDonald
 
Best_Practice_for_B2B_Customer_Satisfaction_Surveys
Best_Practice_for_B2B_Customer_Satisfaction_SurveysBest_Practice_for_B2B_Customer_Satisfaction_Surveys
Best_Practice_for_B2B_Customer_Satisfaction_SurveysJohn Coldwell
 
B2 b marketing measurment
B2 b marketing measurmentB2 b marketing measurment
B2 b marketing measurmentSachit Arora
 
Data Driven Advertising
Data Driven AdvertisingData Driven Advertising
Data Driven AdvertisingKwanzoo Inc
 
A customer obsessed organization
A customer obsessed organizationA customer obsessed organization
A customer obsessed organizationBucur Oana
 
Report: B2B Loyalty, The B2C Way‏
Report: B2B Loyalty, The B2C Way‏Report: B2B Loyalty, The B2C Way‏
Report: B2B Loyalty, The B2C Way‏Mohamed Mahdy
 
B2B Marketing Report 2023
B2B Marketing Report 2023B2B Marketing Report 2023
B2B Marketing Report 2023Social Samosa
 
Digital marketing strategy overview for dealers
Digital marketing strategy overview for dealersDigital marketing strategy overview for dealers
Digital marketing strategy overview for dealersRalph Paglia
 
Account based-marketing
Account based-marketingAccount based-marketing
Account based-marketingLake B2B
 
A Deep Dive into Account Fit: How to build the perfect account list & targeti...
A Deep Dive into Account Fit: How to build the perfect account list & targeti...A Deep Dive into Account Fit: How to build the perfect account list & targeti...
A Deep Dive into Account Fit: How to build the perfect account list & targeti...RollWorks
 
More effective & future proof channel sales operations
More effective & future proof channel sales operations More effective & future proof channel sales operations
More effective & future proof channel sales operations Qollabi
 

Ähnlich wie B2b vs b2c marketing automation - Monk - WebEngage (20)

B2B Commerce - how to become successful
B2B Commerce - how to become successfulB2B Commerce - how to become successful
B2B Commerce - how to become successful
 
B2B Ecommerce through Magento and how integration will help
 B2B Ecommerce through Magento and how integration will help B2B Ecommerce through Magento and how integration will help
B2B Ecommerce through Magento and how integration will help
 
Anatomy of-account-based-marketing
Anatomy of-account-based-marketingAnatomy of-account-based-marketing
Anatomy of-account-based-marketing
 
Importance of Digital Transformation for B2B
Importance of Digital Transformation for B2BImportance of Digital Transformation for B2B
Importance of Digital Transformation for B2B
 
Mobile-First Selling
Mobile-First SellingMobile-First Selling
Mobile-First Selling
 
The Number One Digital Challenge Facing B2B Today
The Number One Digital Challenge Facing B2B TodayThe Number One Digital Challenge Facing B2B Today
The Number One Digital Challenge Facing B2B Today
 
Prove and Improve Your Marketing Impact in 2021
Prove and Improve Your Marketing Impact in 2021Prove and Improve Your Marketing Impact in 2021
Prove and Improve Your Marketing Impact in 2021
 
Trends in marketing.pptx
Trends in marketing.pptxTrends in marketing.pptx
Trends in marketing.pptx
 
content_marketing_comes_of_a_271566
content_marketing_comes_of_a_271566content_marketing_comes_of_a_271566
content_marketing_comes_of_a_271566
 
Best_Practice_for_B2B_Customer_Satisfaction_Surveys
Best_Practice_for_B2B_Customer_Satisfaction_SurveysBest_Practice_for_B2B_Customer_Satisfaction_Surveys
Best_Practice_for_B2B_Customer_Satisfaction_Surveys
 
B2 b marketing measurment
B2 b marketing measurmentB2 b marketing measurment
B2 b marketing measurment
 
Data Driven Advertising
Data Driven AdvertisingData Driven Advertising
Data Driven Advertising
 
A customer obsessed organization
A customer obsessed organizationA customer obsessed organization
A customer obsessed organization
 
Report: B2B Loyalty, The B2C Way‏
Report: B2B Loyalty, The B2C Way‏Report: B2B Loyalty, The B2C Way‏
Report: B2B Loyalty, The B2C Way‏
 
B2B Marketing Report 2023
B2B Marketing Report 2023B2B Marketing Report 2023
B2B Marketing Report 2023
 
Casa Pitch Deck
Casa Pitch DeckCasa Pitch Deck
Casa Pitch Deck
 
Digital marketing strategy overview for dealers
Digital marketing strategy overview for dealersDigital marketing strategy overview for dealers
Digital marketing strategy overview for dealers
 
Account based-marketing
Account based-marketingAccount based-marketing
Account based-marketing
 
A Deep Dive into Account Fit: How to build the perfect account list & targeti...
A Deep Dive into Account Fit: How to build the perfect account list & targeti...A Deep Dive into Account Fit: How to build the perfect account list & targeti...
A Deep Dive into Account Fit: How to build the perfect account list & targeti...
 
More effective & future proof channel sales operations
More effective & future proof channel sales operations More effective & future proof channel sales operations
More effective & future proof channel sales operations
 

Kürzlich hochgeladen

social media optimization complete indroduction
social media optimization complete indroductionsocial media optimization complete indroduction
social media optimization complete indroductioninfoshraddha747
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar CManojkumar C
 
A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainBanyanbrain
 
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...Hugues Rey
 
Codes and Conventions of Film Magazine Covers.pptx
Codes and Conventions of Film Magazine Covers.pptxCodes and Conventions of Film Magazine Covers.pptx
Codes and Conventions of Film Magazine Covers.pptxGeorgeCulica
 
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfResearch and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfVWO
 
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...CIO Business World
 
Understand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMUnderstand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMsearchextensionin
 
15 Tactics to Scale Your Trade Show Marketing Strategy
15 Tactics to Scale Your Trade Show Marketing Strategy15 Tactics to Scale Your Trade Show Marketing Strategy
15 Tactics to Scale Your Trade Show Marketing StrategyBlue Atlas Marketing
 
Master the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfMaster the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfHigher Education Marketing
 
SEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise SuccessSEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise SuccessLiv Day
 
Understanding the Affiliate Marketing Channel; the short guide
Understanding the Affiliate Marketing Channel; the short guideUnderstanding the Affiliate Marketing Channel; the short guide
Understanding the Affiliate Marketing Channel; the short guidePartnercademy
 
Prezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsPrezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsCristian Manafu
 
Fiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFarrel Brest
 
Michael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisMichael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisjunaid794917
 
McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)DEVARAJV16
 
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...Ahrefs
 
Infographics about SEO strategies and uses
Infographics about SEO strategies and usesInfographics about SEO strategies and uses
Infographics about SEO strategies and usesbhavanirupeshmoksha
 
Best digital marketing e-book form bignners
Best digital marketing e-book form bignnersBest digital marketing e-book form bignners
Best digital marketing e-book form bignnersmuntasibkhan58
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project VideoSineadBidwell
 

Kürzlich hochgeladen (20)

social media optimization complete indroduction
social media optimization complete indroductionsocial media optimization complete indroduction
social media optimization complete indroduction
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar C
 
A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | Banyanbrain
 
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
 
Codes and Conventions of Film Magazine Covers.pptx
Codes and Conventions of Film Magazine Covers.pptxCodes and Conventions of Film Magazine Covers.pptx
Codes and Conventions of Film Magazine Covers.pptx
 
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfResearch and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
 
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
 
Understand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMUnderstand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMM
 
15 Tactics to Scale Your Trade Show Marketing Strategy
15 Tactics to Scale Your Trade Show Marketing Strategy15 Tactics to Scale Your Trade Show Marketing Strategy
15 Tactics to Scale Your Trade Show Marketing Strategy
 
Master the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfMaster the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdf
 
SEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise SuccessSEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise Success
 
Understanding the Affiliate Marketing Channel; the short guide
Understanding the Affiliate Marketing Channel; the short guideUnderstanding the Affiliate Marketing Channel; the short guide
Understanding the Affiliate Marketing Channel; the short guide
 
Prezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsPrezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media Trends
 
Fiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview Assignment
 
Michael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisMichael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysis
 
McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)
 
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
 
Infographics about SEO strategies and uses
Infographics about SEO strategies and usesInfographics about SEO strategies and uses
Infographics about SEO strategies and uses
 
Best digital marketing e-book form bignners
Best digital marketing e-book form bignnersBest digital marketing e-book form bignners
Best digital marketing e-book form bignners
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project Video
 

B2b vs b2c marketing automation - Monk - WebEngage

  • 1. B2B vs B2C Marketing Automation Platform. What’s the Primary Difference? What is a Marketing Automation Platform? (both B2B and B2C) Why do B2B and B2C have different marketing automation platforms? 1. Channels 2. Data 3. Key features 4. Process vs experiment-based 5. Pricing
  • 2. What is a Marketing Automation Platform? (both B2B and B2C) ● Marketing Automation doesn’t have a unique or scientific definition that you can fall back on to qualify a certain marketing tool as a marketing automation solution. ● Most definitions over the internet that you may find would be either vague or molded to suit the interest of the company publishing it. For instance, without naming anybody, resource posts by ESPs would make you believe that marketing automation is all about creating automated email workflows which is a total misleading definition. ● Eventually, amid the clutter of definitions, I hit the one by Scott Brinker and found peace.
  • 3. What is a Marketing Automation Platform? (both B2B and B2C) ● A marketing automation platform encompasses a comprehensive range of specific marketing technologies that are aligned together such that your marketing program can be put on autopilot. ● So a certain company, independent of B2B or B2C, has requirement of various marketing technologies throughout the user’s life-cycle for various reasons like lead nurturing, lead tracking, lead scoring, run campaigns etc. ● A solution which lets them automate and manage all these programs from a single dashboard is essentially called a marketing automation platform (hereby referred to as MAP for simplicity). ● Obviously, there is no software which could accommodate absolutely 100% of your marketing program within its realm. Even in best cases, there are going to be some outlier activities. We liberally choose to call even those solutions as MAPs that cover 70-80% of marketing for you. ● I understand it’s going vague but basically, you cannot create a checklist to qualify a certain tool as MAP. It’s just that some MAPs can be more MAPpy and some can be less. For instance, take this definition of marketing automation by Marketo in their guide and notice the usage of ‘including’
  • 4. ● Some of these practices are possible at small volumes without marketing automation, but technology becomes essential with any scale. ● Moral of the story is that we don’t have a scientific definition for MAP, not yet.
  • 5. Why do B2B and B2C have different marketing automation platforms? • Since customer behavior in B2C and B2B domain are different, their business goals are going to be different too. With differing business goals, their choice of marketing technologies is going to vary. • Ultimately, with varying technologies, the kind of marketing automation platform that caters to their interest are going to be different. • Automating these processes requires different types of data collection, analytics, and engagement which are served by MAPs differently. • Having discussed why the two MAPs are different let us understand how they are different by evaluating them on the basis of following parameters.
  • 6. 1. Channels Key takeaway- The number of engagement channels in B2C MAPs exceeds way larger than that of B2B. ● Email is still the unspoken official mode of communication which explains why it is still the primary engagement channel in the B2B sales process. In a B2B sale, the life-cycle stage of the user may progress but the medium of communication remains consistent- email. Face time in succeeding stages. ● However, in case of B2C, the stress is on multi-channel and lately omnichannel engagement. A brand is invariably required to reach the customer at the channel that is most convenient to him at the moment. Email is just one component of the channels pool that they employ. ● Consider two B2C and B2B MAPs like Hubspot and WebEngage and compare the number of channels in their offerings. ● Comparison of Hubspot and WebEngage
  • 7.
  • 8. 2. Data Key takeaway- The kind of data that you save in B2B and B2C MAPs are tremendously different. Plus, B2B MAPs sources data mostly from CRM while B2C builds the database from scratch. ● In B2C the user is required to perform some interaction on your platform for you to be able to initiate a communication. ● Since the B2C sale is largely driven by emotional impulse the quality of the data is centered around user’s browsing behavior and lifestyle attributes. Data around age, gender, purchase history, most visited category etc. basically anything that could influence the purchase of an individual. ● They track all the users who engage with the product in any way, on the web via cookied browser and on mobile via combination of unique identifiers found on the device. Their extensive reliance on cookies is the reason why in a web-based B2C product the user is required to perform some interaction on your platform for you to be able to initiate a communication. ● The data they collate is then leveraged to analyze the triggers and segments that contribute to higher purchasing behavior.
  • 9.
  • 10. ● On moving from B2B to B2C the quality of the database changes. Attributes that you capture for the end customer in B2C varies tremendously in B2B. ● B2B marketers, for the obvious reason, would have little to do with the age, color preference, gender etc. of the user. They need data like company size, the position of contact, industry etc which browsing data points wouldn’t reveal. So B2B MAPs primarily source their data from CRM, like Salesforce, Oracle etc. or whatever they are using. ● They further complement this data with browsing behavior and landing pages to grade the lead. This way they don’t have to build their database from ground up like B2C and can begin working immediately post integration with CRM.
  • 11. The following image is from Salesforce. Compare the contrast in the labels with the one above:
  • 12. 3. Key features Key takeaway- B2B’s pain point is lifecycle management while that of B2C is retention. The contrast of priorities translate to different key features in the two MAPs This would be little longish so bear with me. ● The target audience in B2B is niche. They need to restrict their marketing to a very smaller base of prospects whose number only in rare cases would touch 5 digits. B2C, on the other hand, caters to a relatively large audience. ● In B2C it’s just one single individual trying to make a purchase, in B2B, it’s whole company that you are after. So, a visitor from Verizon is going to mean two totally different things to a B2C and B2B company. ● B2C marketing aims to elicit the emotional response of the user while B2B marketing seeks a rational, informed response. So, although branding has an importance invariably in all transactions it plays a much pivotal role in B2C than it does in a B2B sale. ● B2B products carry a higher risk because of the number of levers it controls within the product. This is why things like competitor analysis or proof-of-concept are a major step in the B2B process. Those things while buying a bike or toothpaste or even insurance are simply non-existent.
  • 13. Click on the link below to view full infographic: B2B VS B2C Marketing Automation Infographic
  • 14. ● A B2B product becomes intrinsic to the business’ infrastructure. Replacing them is like reinventing the wheel. So they have higher stickiness than consumer products. Due to this B2B transactions are recurring in nature while B2C are one time purchases. ● The above factors coupled with the inherent risk and deal size makes B2B sales cycle long and consultative in nature. ● All the points discussed above entails that the larger pain in B2B is not acquisition but effective life-cycle management that would lead to conversion. They need tools which let them create a volume of high qualified leads and compresses the sales cycle. ● For B2C, the biggest pain is retention. Their primary metric is LTV (B2B got it covered because of its recurring nature) which is a function of customer retention. Saying that they require tools which let them handle their campaigns that aim to re-engage their user. ● Due to the differing pain points, the kind of features that the corresponding MAPs provide to address them are different: ● B2B MAPs– Lead scoring, Lead nurturing, CRM integration, ● B2C MAPs- Retargeting, Reputation management, Retention marketing, Multi-channel engagement
  • 15. 4. Process vs experiment-based ● Key Takeaway- B2B marketing is more like a process. B2C on the hand stress on tests and experimentations and need tools that let them create powerful segments. ● Marketing in B2B is one-to-one. The emergence of account-based marketing is the product of the same need. ● B2C marketing on the hand stresses majorly on branding. One-to-one marketing is simply beyond the realm of B2C marketers because of their inability to create extensive user profile like B2B marketers can with the help of CRM. Furthermore, even if they build the profile, holding 1:1 communication with such volume is only an idealistic thought. So, for B2C marketers, the success lies in their ability to create micro-segments and creating personalized offerings for each of them.
  • 16. ● Therefore B2B marketing is more like a process. The reason being that they solve a problem which is experienced by entities displaying certain common traits in terms of size, industry type, revenue, use-case etc. Since the discipline of marketing is based on first identifying the consumer and then strategizing accordingly, in B2B, understanding your users is not a recurring or exhaustive affair. ● For most companies, there are established rules and portfolios and scope of creativity is only limited to how the quickly and efficiently the concerned individual can execute it. ● While B2C is largely dependent on tests and experimentation. To accomplish that they need products that are capable of making sense of the enormous data dump that shoots up every day and lets them use that data to create powerful engagement campaigns.
  • 17. 5. Pricing Key Takeaway- In B2B the pricing is based on the number of contacts. In B2C it’s the number of volume of data they capture mostly quantified by the number of Active Users. In B2B each lead is contactable, for only then they are going to be qualified as lead, and like we discussed, the function of the MAP is lifecycle management of each lead. B2B MAPs are therefore priced on the basis of the number of contactable leads that you want to manage via the platform. Some examples ● Hubspot ● Autopilot
  • 20. Because of this contract-based pricing, B2B MAPs can get extremely expensive for B2C companies. Mike Templeton is the CEO of a Utah-based marketing company - Foxtail Marketing. In web-based B2C product there are millions of users and approximately only 10-30% of them are contactable. In mobile products this number would be between 40-80% (for opt-out rate of push is increasing). But since the number is still beyond the scope of one-to-one communication they collate data to create high definition atomic units of users also called segments and engage them with right incentive . The B2C companies thus charge on the basis of the number of unique users you want to track and engage. The industry term to quantify such users is MAU(Monthly Active Users)- the number of users who engages with the product in a month.
  • 21. ● WebEngage Several companies define MAUs in their own way, which is also explicated in pricing page of Localytics. “Some other platforms consider any user you send a message to as an MAU, even if the user never actually opens your app. With these platforms, you’ll need to purchase a larger number of MAUs if you want the ability to re-engage inactive users.” But ultimately boils down to the number of users you wish to engage. Like Urban Airship prices on the basis of reachable users or addressable users.
  • 22. ● So basically both B2B and B2C charges on the basis of the number of users but one considers the number of contactable ones and other does the number of trackable ones. ● ‘Number of contacts’ is the fundamental scale on the basis of which pricing is done but it is not the only condition. Almost all the platforms club the features together and create several slabs of pricing depending on the requirement.
  • 23. Conclusion: Both the platforms are learning from each other and the definitions are converging. For instance, B2C features like retargeting, multi- channel engagement are showing up in B2B. On the flipside, lead nurturing, close loop reporting etc that were earlier in the territory of B2C are now being picked up by B2B platforms. In a few years, there wouldn’t be much difference between them to warrant a post like this. Until then :)