Good business
marketing is like the global positioning system (GPS). Any organization operating in the world of business-to-business (B2B) transactions experiences the increased pressure in securing sales in B2B commerce as compared to securing sales in business-to-consumer (B2C) commerce. Navigating through all the offers and the endless negotiations in order to get to the destination is not easy. However, business
marketing is providing the adequate guidance in showing your customer how your products or services are paving their route to business results. Once you made a sale to a company, chances are that you have gained a customer – a private company, a governmental agency, or an institution – that will drive to you again and again for years since contracts with business customers are usually made for longer periods of time.
There are a few crucial differences between the B2C and B2B commerce, and a good business
marketing provider can help you transform those differences into opportunities for your increasing profitability and brand awareness for your company.
First, a key characteristic of the B2B commerce is the relatively smaller number of clients. This leads to a lot of effort that has to be put in both gaining and maintaining customers and also makes the negotiations between B2B suppliers and customers tend to be more personal. Moreover, since the quality of the product or services you provide to them will further impact their sales and profits, customers from B2B tend to pay a lot more attention to technical characteristics of the products and services they purchase, many of them even having established special departments such as Procurement, which makes advertising based on rational arguments more effective for them than advertising based on emotional appeal. A
marketing company will be able to help you develop a strong
marketing campaign that uses rational arguments that directly gets to the pocket rather than the heart of your target audience.
Second, you are dealing with a derived demand - the demand for your products and services depends on the demand for your customers’ products and services - a specialized
marketing company can help you in understanding that demand and how to increase it, so that you increase the demand for the items you commercialize, your sales volumes, and your profits.
Third, while the
marketing mix for B2B transactions is the same, each component has a different level of significance in impacting the customer’s purchasing decision and a specialized company can help you become cost-efficient by investing in programs addressing the components of the mix with the highest return on investment and the highest impact on increasing your customer base and sales volumes.
Furthermore, the main
marketing tactics under the umbrella of business
marketing including the ones commonly used in B2C
marketing – advertising, public relations (PR), branding, and sales – but place a lot more weight on direct mailing, e-mail
marketing, website design, search engine optimization (SEO), social media
marketing, trade show support, and sales collateral. A company providing specialized business
marketing services can significantly increase your profits by designing a customized campaign employing the tactics that would be the most effective in getting your company in front of your current and potential customers and getting them to make purchases. Additionally, business
marketing providers, when using tactics such as e-mail
marketing and SEO, can also illustrate their value creation by showing you the measured correlations between your
marketing budget they manage for you and the business results it led to.
Other Articles of George Meszaros
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(Feb 16, 2012)
Good business marketing is like the global positioning system (GPS) Any organization operating in the world of business-to-business (B2B) transactions experiences the increased pressure in securing sales in B2B commerce as compared to securing sales in business-to-consumer (B2C) commerce
(Feb 16, 2012)
Designing logos, promotional materials such as brochures or letters, and even designing the website for a company are important in improving a company’s sales but what a company actually needs in order to boost its sales is to develop a corporate identity that will differentiate it from its competitors, allow it to have a strong positioning in the minds of the target audience, and increase its market share
(Feb 16, 2012)
“To be or not to be” is NOT the question anymore There was a time when being online meant a lot
(Feb 16, 2012)
Most businesses struggle to differentiate themselves for the competition Why not use your website to stand out
(Feb 08, 2012)
