What Makes Business-to-Business Marketing Different?
What Makes Business-to-Business Marketing Different?
What Makes Business-to-Business Marketing Different?
Précis:
1. (on why vendors fail) deficits in the B2B sales process strongly impact vendors’ chances of success
2. (on a sales process) key questions are how good it is, how well it is used, and how it benefits the
organisation.
a. systematically analyse wins and losses
b. (on loosing) considerable resources are wasted pursuing sales opportunities with a low probability
of success
c. (on loosing) lack of contact with the real decision makers
d. (on a formal win/loss process) Learning from wins and losses is the best way to improve the sales
process and prevent mistakes from being repeated.
e. (on understanding the sales cycle) Relationships with the right people are often an issue of timing
– late entry into customer’s evaluation cycle is quoted by 47% of vendors as a reason for losing.
3. (Customers say) salespeople’s subject matter expertise now tops their list of expectations.
a. knowledge of their own offering, and the understanding of the customer’s business
b. greatest need for improvement is in salespeople’s understanding of their customer’s business,
industry and specific needs.
c. Salespeople without sufficient expertise about their products cannot address customer needs
d. Brevity and clarity on solution and price
e. Ensuring customers actually get what they buy
f. (on listening) vendors dramatically underestimate the importance of how well the customer feels
understood during the meeting.
g. (on presenting a solution) potential questions and objections should be prepared in advance and
incorporated into the presentation to prevent them being raised at all.
h. (on gaining attention) “frequently” grant a first meeting if the vendor can refer to a concrete need
4. (on CRM) maximum return-on-investment from many CRM systems has not been realised.
5. (CSF for success) that project team members are not involved in the sales process or that their advice
is not taken into account.
6. customers say that the most frequent reason for refusing a vendor’s proposal is the superior solution
offered by their competitor
7. (on Managing Strategic Accounts) The customer’s experience with a vendor during contract fulfilment
heavily influences their desire to entrust the vendor with more business.
a. (on exploiting success) value propositions are mainly used as a sales tool for winning business, but are
rarely shared with or reviewed by the operations staff that are responsible for delivering them.
8. The customer is a company, not an individual. Vendors who lack the skills to contact the real decision
makers have difficulty tailoring their offering to meet the specific needs of each individual.
a. (on Winning Complex Sales) selling to a company involves a number of decision makers, each of
whom must be convinced of the advantages of the same product or solution. Decision makers at different
levels do not necessarily have the same needs and requirements.
b. (on influencing the buying process) correctly identifying and potentially influencing the decision criteria
should play a more important role in the vendor’s sales process.
c. (on the importance of a "relationship") a factor effectively beyond the vendor’s control is rated higher
than factors they can influence, such as understanding customer needs, proposal quality, presentation,
and references.
9. (why move vendors?) The number one reason customers feel motivated to move away from their
existing supplier despite a longstanding relationship, is a superior solution offering from a new vendor.
a. (on changing vendors) customer’s impression that their current supplier’s product or service is not up-
to-date
In the interview, Kevin nailed the top thing that every single business should have on the top of their to do list:
"We’re seeing at many, many retailers that the amount of people that say they came to make a purchase today is
20% or higher. Yet, those people’s conversion rates are nowhere near 20%. So, there’s a massive gap there, and a lot
of that gap can be attributed to usability issues. "
Kevin is talking retailers, but developing a core usability practice should be a no brainer for any type of business, no
matter what their online objectives are. It just doesn't make sense to spend all that time, money and effort driving
leads to a website that then lets those leads slip through hundreds of cracks. I'm a big believer in picking one thing
and doing it really, really well. For online marketers, that one thing should always be delivering a great user
experience. If you have to make a sacrifice to do it, do it. Nothing is more important than this.
This is one of those things that falls into the common sense category, but very very few companies do usability well.
There are a lot of really horrible user experiences out there. Here are 5 usability acid tests to hold yourself to:
Have you crawled inside your customer's minds? The percentage of companies I know that have done robust
research into understanding how their prospect's brains tick is almost nil. This is the first place you have to start. Why
are they coming to your site? What do they want to do? Like I always say, a good place to start is just to stand over a
prospect's shoulder when they're on your site and start asking why. Sure, it's not sophisticated usability testing, but
it's a beginning. The important thing is just to start doing something!
Can they find what they're looking for? Prospects are coming to your site because they're looking for something.
Everybody is looking for something. And the vast majority of your visitors will be looking for a handful of common
things. Make sure they find them. Make sure the cues and paths are easy to find, clearly lit and simple to follow.
Provide site wide assistance in the form of clear sitemaps and internal search tools that don't suck.
Can they do what they want to do? Again, prospects come to your site with an objective – something they want to
do. The better you understand that objective, the more successful you can be in helping them meet it. Your job - your
only job as the site designer - is to understand the paths your visitors want to take and remove any possible friction on
those paths. You'll have business objectives (i.e. capturing lead information) but these should never take priority over
your visitor objectives.
Do You Make Your Visitors Do Too Much Thinking? (thanks Steve Krug!) - We do very little thinking when
we navigate websites. Most of our online wayfinding is done subsconsciously. The minute you make a prospect stop
and think, you've introduced friction and reduced their site experience. You should be able to get to where you're
going on the site quickly and intuitively. It's not a puzzle to be solved. It's a tool to be put in the hands of your
prospects to help them do the things they want to do.
Do you have a servant based site philosophy? - This final point sums up all the previous ones. You don't own
your website..your customers do. Your goal is to meet their needs. Call it a servant based site design philosophy.
Never make them sacrifice their objectives to meet yours (as in collecting lead information in a long form before they
can get to where they need to get). If you provide enough value, they'll meet you half way, but never force the issue.
This acid test for usability, if answered honestly, will help you understand how far you are away from a robust
usability discipline. Assess and then make it a priority for 2010. There is no better place to spend your time!