Business marketing, called sometimes B-2-B marketing is the practice of selling one certain business, products, services to other companies. In their turn, these companies can sell the bought stuff for the higher prices or use them in their work.
Marketing is not one of the components of a business. Marketing is business.
The task of marketing is to minimize sales efforts. This is the entire business considered from the point of view of the Client. Ideally, marketing should create a ready-to-buy consumer.
MARKETING NEEDS from a good life. Its sole purpose (as, by the way, many other “functions” of the company) is to create profits, increasing sales and reducing costs. If this does not happen, then marketing is useless. And even harmful, because it does not pay for it.
For example, one of the secrets of online marketing from the organizers of the III National Conference of Effective Internet Marketing UADIGITALS 2013:
“People who have spent a huge pile of money on advertising still think that the Internet is like television and radio, and newspapers and magazines, and outdoor advertising, and other ways of ordinary advertising. They think the Internet is good for creating demand. And they continue to spend money in their vain efforts.
Secret: The Internet will not be as good at creating demand as regular advertising, but it will be really good at meeting demand.
Marketing of insurance companies or financial services works quite well with a context or lead generation, and even consumer electronics are relatively lucky, but what, for example, should a milk producer do? Or powders? Or any product that has not yet been introduced to the market? You will learn about this and many other things on February 19. We accept applications until 18:00 February 15
Marketing was conceived as a business management technology that maximizes profits by aligning the interests of the company and customers. However, in the 1950s – 1960s, traders and financiers managed to largely subordinate marketing to themselves. In essence, by making it a function in an organization that is alien to him. Technology began to prevail over market innovation, and marketing has ceased to be the essence of the business and has become just one of the procedures, subject to a financial or manufacturing strategy.
At the same time, a real marketer is a “representative” of the Client in the company, who subtly understands and feels the Client. This marketer understands that marketing is done in the mind of the Client, often indifferent, busy with his own affairs, cynical, incredulous, filled up with offers, tired of information noise, confused loyalty programs, and CRM, and also armed with the Internet.
Companies that operate in the B2B segment sell their goods and services to legal entities. Imagine you are selling industrial woodworking machines. The other companies will buy them.
Business marketing features in Digital Agency London
When you are doing advertising that is aimed at corporate clients it is necessary to emphasize that you will increase the profits to your client. For example, in order to sell machines, you need to tell the buyers that they will help their business to expand sales, increase production, earn more.
In business marketing advertising it is important to identify the target audience correctly, and specialists of Adrenaline Studios know it well. When you sell machines, the target audience can be the head of the purchasing department, the development manager and the general director himself. In large companies, the CEO is unlikely to deal with such issues, and in a small firm, he can do it.
Purchases in this business are serious steps. For the company, the quality of the product is very important. The buyers here are rational, so all kinds of sales, promotions and funny ads do not work — mind it when you deal with business marketing. As a rule, business buyers do not spend their own money. Even if you are talking to the owner, there is a difference between personal expenses and business expenses. Therefore, most purchases are required to be financially justified.
The process of making a purchase is often complicated. These are adherence to accepted formalities, rigid pricing models, fiscal policy, terms of the deal, and analysis of the proposal. Business buyers need complete information to make a decision, and often too much time.
Sometimes you need to negotiate at different levels of the company, including decision-makers. You may not always know for sure who is who in the company. In addition, your written message, before reaching the goal, often must overcome the “secretarial barrier”. Business buyers are especially cautious about new products and services. The price of their errors can be too high. However, the actions and opinions of colleagues and competitors can affect them. They remember unsuccessful experiments for a long time.
Business buyers do not like calls from unknown companies. They can just read mail, and sort it quickly. However, if they are interested in something, they will read it, although they want to get to the point quickly.
Business marketing is really different in pricing, planning, life cycles, and so on. However, the development of commercial proposals for it should not generally differ from selling offers for the consumer market.
Marketing important points
When you need success in this work, just consider these moments:
- Talk about product features in terms of benefits and concretize it in numbers;
- Segment profit;
- List all features;
- Provide a “long life” to your sales proposition;
- Forward correspondence to multiple recipients in the firm, affecting the decision on the deal;
- Clearly position your offer;
- Use positive feedback and experience from other buyers;
- Give warranties where possible;
- Make more contacts;
- Take advantage of self-mailers;
However, business buyers are ordinary people with the same fears, feelings, and dreams, like any other. They simply experience all these problems in their offices, not at home. Basically, business buyers respond to the same motivators and tricks as ordinary consumers.