Are you interested in learning B2B consumer secrets that can help you grow your sales and revenue? If so, check out this SlideShare deck by Jamie Turner, internationally-recognized author and CEO of 60 Second Marketer and 60 Second Communications.
9. That said, there are some distinctions
1. Fewer, larger buyers: The fate of Goodyear is in GM’s hands
2. Close buyer-customer relationships: A paper company may
sell to a chemical company which is also a supplier to the paper
company
3. Professional purchasing: Requests for quotations, purchasing
contracts and proposals are not typically part of the B2C world
4. Several buying influences: More people typically influence the
buying decision
#B2BSecrets
10. That said, there are some distinctions
5. Multiple sales calls: Sales cycle is much longer
6. Inelastic demand: Shoe manufacturers aren’t going to buy
much more leather if the price of leather falls
7. Geographically concentrated buyers: More than half of U.S.
business buyers are concentrated in 7 states: NY, CA, PA, IL,
OH, NJ, MI
8. Direct purchasing: Business buyers often buy direct from a
manufacturer
#B2BSecrets
11. Secret #2:
Sometimes people don’t know why
they prefer one brand over another
Baylor University proved this with a blind taste-test with Coca-Cola and Pepsi.
18. What are people really buying
when they purchase a cup of coffee?
19. Secret #6:
There are 10 questions you should
ask before you launch your next
B2B marketing campaign
20. 1. Who buys our product or service?
2. Who makes the decision to buy the product?
3. How is the purchase decision made? Who assumes what role?
4. What is the customer really buying (e.g., what are the hidden reasons for
purchase)?
5. Why do customers buy our brand?
6. Where do the go or look before buying our product?
7. When do they buy? Are there seasonal factors?
8. How is our product perceived by our customers?
9. What other factors might influence the purchase decision?
10. How do personal or demographic factors influence the purchase decision?
10 Fundamental B2B Questions
#B2BSecrets
22. • Initiators: Those who request
something to be purchased
• Users: Those who will be using the
product or service
• Influencers: People who influence
the buying decision
• Deciders: People who decide on
product requirements or on suppliers
• Approvers: People who authorize
the proposed actions of deciders or
buyers
• Buyers: People who have formal
authority to select the supplier.
• Gatekeepers: People who have the
power to prevent sellers or
information from reaching members
of the buying center
Go Away
#B2BSecrets
23. mid-sizedA small business isn’t a businesses
Secret #8:
Don’t lump small and mid-sized
businesses together into SMBs
24. 1. Don’t think of a small business as a mid-sized business:
There’s a big gap between $1 million in revenue and $50
million in revenue
2. Don’t waste their time: No entertaining sales shows or sales
pitches over long lunches
3. Do keep it simple: One point of contact
4. Do your homework: The realities of small or midsize business
management is different from those at large corporations
How to Do Business with a Small Business
#B2BSecrets
26. 1. Price-Oriented Customers: Price is everything
2. Solutions-Oriented Customers: They want low prices but will
respond to arguments about lower total cost or more dependable
supply or service.
3. Gold-Standard Customers: They want the best performance in
terms of product quality, assistance, reliable delivery, and so on.
4. Strategic-Value Customers: They want a fairly permanent sold-
supplier relationship with your company.
Four types of business customer
28. 1. Compared to consumer markets, business markets generally
have fewer and larger buyers, a closer customer-supplier
relationship, and more geographically concentrated buyers.
2. The B2B buying process involves initiators, users, influencers,
deciders, approvers, buyers and gatekeepers.
3. Business marketers must form strong bonds and
relationships with their customers and provide them added
value.
29. About 60 Second Communications
We create mobile, social, content, online display and lead
generation campaigns for some well-known brands