Find Out What Motivates the Modern Day B2B Consumer.
It’s easier to get inside the mind of the B2C buyer than it is to understand the B2B mindset.
For one, the psychology that goes into an end customer’s buying decision stems from a one-dimensional perspective; for example, a B2C consumer might ask, “How does this product or service affect my own self-interests?”
Conversely, however, the B2B mindset is multifaceted. The challenge is to step into the mind of the customer. Then posing the hypothetical question, “What products or services do we need that will help our customers meet their self-interests?”
Vendors participating within the indirect channel partner sales funnel are left with an ambiguous marketing obstacle. This is a challenge that requires intuitive, transparent thinking in order to understand the B2B mindset and ways to entice (and maintain) the interest of channel partners.
The current infrastructure of the B2B marketplace has segmented buyers into a much more cynical mindset, resulting in the persuasion of potential leads into conversions a much more difficult game to play. Today’s B2B consumer is more self-driven, self-educated, self-aware, and equipped with the advantage of knowing exactly what he is looking for.
Here is a look into the modern-day B2B mindset and what motivated the B2B consumer:
1.) Not spreading awareness of your brand
The more you try to garner awareness and attention to your own product, the more you alienate yourself from potential leads. Businesses, like end-customers, are mostly (if not always) consumed by one philosophy: themselves. When deploying your B2B marketing strategy, it’s imperative to make perfectly clear that your product will help them.
The B2B buyer not only yearns for a product poised to help him but also something that will disassociate himself away from all the world’s troubles. Don’t just entice his self-interests, lure his delight.
3.) Confidence in you
With the vast amount of junk streaming on the Internet, it’s crucial to angle your marketing strategy on trust. From spotlighting reputable testimonials/clients to featuring “proof of security” badges on your company’s website, establish a sense of security the moment they encounter you.
Today’s landscape of the B2B marketplace is competitive. Even when you dot your “i’s” and cross your “t’s” a once fruitful channel partnership can quickly change into an obsolete rapport. Therefore, you have to find an angle that differentiates you from competitors. Find a marketing strategy that is unique from others, and maintains an exclusivity to it.
As a vendor, no one understands better than you the fragile unpredictability of the marketplace. Entice your channel partners with richly designed, diverse channel incentive programs. Whether it’s deal registration, SPIFF rewards, Co-op funds, MDF programs or a plethora of other sexy promotional opportunities—provide your channel partners with an offer that simply can’t refuse.
Leverage the Power of Automation to Help Manage your Channel Incentive Programs
Founded in 1984, Computer Market Research (CMR) brings years of experience into the indirect channel sales industry. Through our state-of-the-art automated software, businesses can amplify their B2B marketing efforts via a clear and concise platform that robustly and intuitively assists the managerial process of channel partnerships.
Our services help businesses with
- maximizing their marketing efforts with channel partners
- optimizing trade promotions
- customizing unique program
- building effective distribution channels
- establishing transparent and objective B2B communication