Shama Hyder is CEO of Zen Media, a leading marketing and digital PR firm, a best-selling author, and an internationally renowned keynote speaker.
The B2B buying space is currently undergoing some dramatic changes. I
should know, we work with many B2B companies at Zen Media, and they all
report that their selling process has changed considerably in the last decade
alone.
B2B companies must reevaluate their sales and marketing processes to ensure they’re meeting the needs of today’s buyers.
Shorter sales cycles. Fewer contacts with sales reps. Stronger gatekeepers.
Greater demand for data and evidence, with lower importance placed solely on
singular relationships.
And these are just a few of the more significant transformations that are
occurring. What this means is that B2B companies must reevaluate their sales
and marketing processes to ensure they’re meeting the needs of today’s buyers,
which are starkly different than yesterday’s.
Here are just a few ways B2B companies can win over today’s challenging,
exacting B2B buyer.
1. Be ready to work with a more diverse buying group.
Whereas B2B buying has almost always involved a group of people, the size
and diversity of that group has been increasing—according to the Harvard
Business Journal, the average number of people involved in a B2B purchase
decision has gone up from 5.4 two years ago to 6.8 today. In addition, those
involved are coming from a broadening group of backgrounds, job functions
and roles.
This means that while you may be very well-equipped to engage with a CTO,
you may find yourself working with more people from the marketing
department or people who work in less-senior positions. These members of the
buying group will have different questions and different priorities—and those
priorities will carry just as much weight as the CTO’s.
To prepare, it’s a good idea to do as much homework on each member of the
buying group as possible.
In addition to names and job titles, use social media and Google searches to
learn what you can about each person’s place in the organization and their
professional interests. That way, you can be more prepared to address
everyone’s concerns, rather than only those of the leader or most senior
person.
2.Selectively curate the information you offer to buyers at different
points, to avoid overwhelming them.
Every B2B sales and marketing team knows that today’s buyers have access to
an unprecedented amount of information. With a little research, a buyer can
find reviews of your product or service, social media posts from your company
that stretch years back, social media mentions of you from other agencies...and
that’s just the start.
But while you’d think that this much information would be empowering to the
buyer, it’s actually quite overwhelming, according to the research we
conducted on the modern, connected consumer.
Having so much knowledge literally at a buyer’s fingertips can induce second guessing,
indecisiveness, and even guilt, as they wonder whether they’re
making not just the right choice, but the best possible choice. Research cited in
the Harvard Business Journal backs this up, as researchers found that second guessing
occurred in 40 percent of completed B2B purchases.
The solution, then, is to carefully and selectively curate the information you
bring to the buyer. This way, even if they’re daunted by the sheer volume of
information gleaned from their initial research—which is overwhelmingly
conducted online, starting with a generic search query, according to Google—
you as their sales sherpa will be able to cut through the noise and provide them
with information that will help them move forward along their purchase
journey.
Examples of the kind of information you could offer, in addition to basic things
like product or service descriptions and pricing, include video assets, one or
two reports specific to your client’s needs or industry, and testimonials from
other clients in the industry.
Remember that your client’s information needs will change based on where
they are in the sales cycle, and they’ll also likely revisit various points in that
3.Personalize your approach to the individual buyer and members
of the buying group as much as possible.
If you consider the level of personalization that you expect nowadays when
you’re making an online purchase, engaging with a social media platform, or
browsing Netflix, you can see why receiving generic emails and information
would annoy your average B2B buyer.
After all, B2B buyers are also spending their off-work hours watching Netflix,
shopping online, and scrolling through Facebook. And while offering this kind
of granular, intensely detailed customization may be beyond your company’s
abilities, it’s always possible to improve the way you tailor information to your
particular client—and to each member of the purchasing group.
If you’ve done your homework as mentioned earlier, you’ll have a head start on
this process. The important thing is to ensure that the purchase group is
receiving content that will actually help them make the decision. Is your
content merely prompting more questions, or effectively answering them? Is it
providing value, or is it simply restating the same information they already
have in a new way?
The B2B buying process is undergoing huge changes, but they can be
understood in relation to the larger changes occurring across the B2C space.
Agencies that are able to adapt their sales process to these changes, appealing
to a more diverse buying group with a greater demand for customization, are
the ones that will rise to the top.
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