What Top B2B Marketers Do Differently
Jeremy Mays
Chief Marketing Officer | Founder & Serial Entrepreneur | Product Visionary & Strategist
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A knack, a feeling, a finger on the pulse of the market? Call it what you will, B2B marketing experts know how to blend perfect proportions of promotion and information into their communications.
Many B2B strategies necessarily target buying committees with several key stakeholders, each with their own specific interests. Although these complex contexts often raise communications challenges, B2B marketers are dogged researchers, finding robust data sources that help them sway decision-makers with personalized information.
Defining a?Top?B2B Marketer
If there’s one characteristic defining the best B2B marketers, it’s flexibility. With enough imagination to walk in their customers’ shoes, these experts are sensitive to the needs (particularly unspoken and possibly unrealized) of prospective buyers.
While remaining constantly alert to customer needs and preferences, effective B2B marketing also means keeping a sharp eye on the competition. Are any opportunity gaps being left open? Responding quickly to unexpected openings through well-placed B2B campaigns is another characteristic of a top B2B marketer.
Effective B2B Marketing Mindsets
Targeting the needs, interests, and challenges of decision-makers who control purchases for a producer, reseller, government, or institution, B2B marketing focuses on the organization as the customer.
That’s why successful B2B marketers focus on nurturing their customers, rather than just pumping up sales curves or measuring ROI. They showcase qualities such as durability and reliability because there are always competitors out there who are cheaper, faster, or flashier.
Instead, they take a longer-term view, pursuing long-lasting relationships with corporate customers as a whole, especially as decision-makers come and go. This is why two of their main goals – brand recognition and customer engagement – are largely invisible, intangible, and immeasurable.
What’s Different About Top B2B Marketers?
Instead of focusing only on selling goods or services, top B2B marketers devote time and effort to pinpointing prospects and customers, exploring the best ways of reaching out to them as a brand. Here’s a quick checklist that successful B2B marketers complete before drawing up their strategies:
One of the main priorities for effective B2B marketing is to establish thought leadership, often by engaging digital content disseminated through social media networks. This is why top B2B marketers focus on five key aspects in their B2B marketing efforts:
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Top B2B Marketers Retain Customers
This is where B2B marketing really pays off. Every business knows that bringing in a new customer can cost five times more than keeping its existing customers happy. As a rule of thumb, profits can almost double through stepping up customer retention by less than 10%. The chances of subsequent sales can reach 70%, compared to under 20% for first sales to new customers.
In competitive markets, price, quality, and delivery schedules can always be tweaked (although often at hidden cost) to close a deal. However, the best B2B marketers know that these quick wins are best pursued through more direct channels with clear metrics.
Top B2B Marketer Tips
Some people believe high-performing B2B marketers are just naturally talented. But that’s not true – instead, they’ve learned to make smart choices that keep them right in step with market trends and customer preferences.
Like so many other things in life, there’s not just one thing that makes B2B marketers great, rather than just good. Instead, it’s a matter of attitude, doing things the right way, with the right mindset, acting consistently over time to build up confidence.
Here are some of the ways B2B marketing stars stay at the top of their profession, whether interfacing with the outside world or networking at the office.
With?customers, outstanding B2B marketers assign high priority to building up long-term relationships with everyone along corporate procurement chains by:
With?colleagues, notable B2B marketers focus on strengthening their industry-wide connections while spotlighting corporate strengths. To do so, top B2B marketers are often:
Top B2B Marketers Build Trust Before Profits
However, skilled B2B marketers know that building up a reputation as a reputable authority in a specific industry may well be the best way for a company to pump up its profits.
Above all, a top B2B marketer makes a real difference to those crucial bottom lines, particularly in industries where marketing techniques have remained unchanged for decades. Dynamic and even disruptive, creative B2B marketing is a great way for any business to boost sales while spotlighting its brand.