This eBook covers new dynamics in buyer choice modeling, why funnel thinking is limted in the new buyer-driven world, and how business marketing must transform to meet new challenges.
The document discusses how salespeople need to adapt to changes in the buyer/seller relationship due to technology and customer empowerment. It notes that many salespeople are not fully aware of or adapting to changes in how customers research and make purchasing decisions, especially through social media. The research found that while most salespeople recognize the need to develop business knowledge, fewer see understanding evolving customer behavior as essential. It emphasizes that salespeople must partner with marketing, develop strong business acumen, and embrace social media in order to successfully navigate new buying behaviors.
B2B and B2C are two different business modules that people follow. B2C stands for business-to-consumer. In this module, businesses sell their products and services directly to the final consumer.
This document provides an overview of the growing point-of-sale financing market in the United States. It discusses five business models for point-of-sale financing, including integrated shopping apps, card-linked installment offerings, and vertical-focused larger ticket plays. Fintechs have captured most of the market so far, but the document suggests banks could explore entry opportunities to compete. It analyzes trends driving growth, such as increasing merchant adoption and repeat usage among younger consumers.
Understanding how to leverage the customers path to purchase as part of the ThinkBlink process. It can take merely seconds for a consumer to initiate a purchase decision, no matter how large or small they may be. Whether buying a house, a car, or a stick of gum at the grocery store, engaging the customer quickly and effectively can make the difference of whether or not they will buy a product.
The document discusses how technology has transformed the relationship between B2B buyers, marketers, and salespeople. It notes that buyers now complete around 90% of their purchase journey online before engaging with sales. As a result, marketers must rethink how they approach content marketing, nurturing leads, and aligning with sales. The research found that buyers view their relationships with vendors positively overall but want more expertise and knowledge sharing. It also revealed that the number of internal departments influencing purchase decisions varies by industry.
How retailers choose technology and how to get them to choose youFieldworks Marketing
1) The buying process for retailers has changed dramatically, with decisions now made by a wider range of stakeholders across different departments rather than just IT.
2) Retailers are more proactively seeking out and developing their own technology solutions through initiatives like digital labs and hackathons. They want more collaborative relationships with technology partners.
3) To succeed with retailers, vendors must have a deep understanding of the market and target prospects individually, developing relationships with both decision-makers and their influencers through personalized outreach. They must appeal to retailers emotionally in addition to providing rational benefits.
The document discusses how salespeople need to adapt to changes in the buyer/seller relationship due to technology and customer empowerment. It notes that many salespeople are not fully aware of or adapting to changes in how customers research and make purchasing decisions, especially through social media. The research found that while most salespeople recognize the need to develop business knowledge, fewer see understanding evolving customer behavior as essential. It emphasizes that salespeople must partner with marketing, develop strong business acumen, and embrace social media in order to successfully navigate new buying behaviors.
B2B and B2C are two different business modules that people follow. B2C stands for business-to-consumer. In this module, businesses sell their products and services directly to the final consumer.
This document provides an overview of the growing point-of-sale financing market in the United States. It discusses five business models for point-of-sale financing, including integrated shopping apps, card-linked installment offerings, and vertical-focused larger ticket plays. Fintechs have captured most of the market so far, but the document suggests banks could explore entry opportunities to compete. It analyzes trends driving growth, such as increasing merchant adoption and repeat usage among younger consumers.
Understanding how to leverage the customers path to purchase as part of the ThinkBlink process. It can take merely seconds for a consumer to initiate a purchase decision, no matter how large or small they may be. Whether buying a house, a car, or a stick of gum at the grocery store, engaging the customer quickly and effectively can make the difference of whether or not they will buy a product.
The document discusses how technology has transformed the relationship between B2B buyers, marketers, and salespeople. It notes that buyers now complete around 90% of their purchase journey online before engaging with sales. As a result, marketers must rethink how they approach content marketing, nurturing leads, and aligning with sales. The research found that buyers view their relationships with vendors positively overall but want more expertise and knowledge sharing. It also revealed that the number of internal departments influencing purchase decisions varies by industry.
How retailers choose technology and how to get them to choose youFieldworks Marketing
1) The buying process for retailers has changed dramatically, with decisions now made by a wider range of stakeholders across different departments rather than just IT.
2) Retailers are more proactively seeking out and developing their own technology solutions through initiatives like digital labs and hackathons. They want more collaborative relationships with technology partners.
3) To succeed with retailers, vendors must have a deep understanding of the market and target prospects individually, developing relationships with both decision-makers and their influencers through personalized outreach. They must appeal to retailers emotionally in addition to providing rational benefits.
1. The document discusses how the classic economic model of consumer behavior as rational actors seeking to maximize benefits is an oversimplification and does not account for variability and irrationality in consumer decision making.
2. It then outlines the traditional linear consumer purchase process model involving problem recognition, information search, evaluation of alternatives, purchase, and post-purchase evaluation.
3. However, it notes that the modern consumer decision journey is non-linear with multiple touchpoints of influence from various sources, requiring marketers to engage consumers throughout the process through two-way conversations to build loyalty.
“Shopper Marketing” has become jargon: everyone talks about it, but no one can quite agree what it means. Instead of worrying about definitions, our newest white paper shifts the conversation to the broader context: designing better shopper experiences.
Simple? Yes, but with endless adaptive possibilities and implications, we think this take on shopper marketing has got a shelf-life to last.
This document summarizes key findings from a study about Millennials and their shopping behaviors. It discusses that Millennials have surpassed Baby Boomers as the largest living generation in the US. The study found that Millennials are generally more satisfied consumers than Baby Boomers, particularly with utilities, healthcare, and telecom services. Millennials expect good customer service and value for their money. They are also more willing than older generations to share their personal information for targeted offers and services. The document emphasizes that understanding the nuances of the Millennial customer experience is important for businesses.
AS SHOPPER MARKETING CONTINUES TO GAIN
A FOOTHOLD IN CANADA, CONFERENCES LIKE
THIS ONE ARE BECOMING MORE AND MORE
VALUABLE. AGENCIES, RETAILERS, AND
MARKETERS ALL NEED TO UNDERSTAND
NOT ONLY THE UNDERPINNINGS OF THE DISCIPLINE,
BUT PERHAPS MORE IMPORTANTLY,
HOW THE DISCIPLINE IS AFFECTED BY THE
NUANCES OF THE CANADIAN RETAIL LANDSCAPE.
THIS DECK IS AN ENCAPSULATION
OF WHAT WE HEARD OVER THE TWO DAYS OF PRESENTATIONS AND DISCUSSIONS.
Creating loyal omnichannel customers is critical. Retailers who embrace the customer-centric trend and build better shopping experiences will leap ahead of the competition.
Building a blended customer experience isn't easy. Need some help getting started? Check out our latest in retail trend research.
Ratera & van Galen is an independent market research and retail consultancy firm that specializes in shopper research and trade marketing strategy. They use various methodologies like in-store intercepts, focus groups, video monitoring, and traffic flow analysis to understand shopper behavior. Their services help clients with category definition, category layout, ideal product ranges, promotions, and point-of-purchase communication to drive profit through an improved shopper experience.
Your cognitive future in retail industryTero Angeria
Cognitive + retail = the future
Welcome to the age of cognitive computing, where intelligent machines simulate human brain capabilities to help solve society’s most vexing problems. For retail,cognitive computing has already arrived, and its potential to transform the industry is enormous. Cognitive systems are driving more personalized
shopping experiences and helping unearth customer trends. Our research reveals that retail leaders globally are poised to embrace this groundbreaking technology more holistically and, by doing so, will redefine the future in retail.
Chiec luoc Marketing tap trung vao Khach Hang trong thoi dai InternetMoore Corporation
The document discusses different marketing strategies, including product-centric vs. customer-centric approaches. A product-centric strategy focuses on offering generic products at low cost to gain market share, while customer-centricity aims to offer differentiated products that meet customer needs and build long-term customer relationships. Research findings show referred customers are more profitable and loyal than those acquired through other means. To maximize value, companies should understand customer wants and identify the most valuable customers using metrics like RFM, then find more customers like them and reduce defection through fair solutions and customer knowledge.
The glorious summer of 2012 is over and we have all taken a collective deep breath and asked ‘so, what next?’
Post-Olympic blues, EuroZone crisis, technological convergence & EcoEthic shoppers among many other topics are weighing on our minds... but what on earth does it all mean?
In the next few slides we cut through the jumble of ideas and reveal what will really affect shoppers in the UK and Europe in the coming year and how we, as Shopper Marketers, can make the most of the future.
Read on and enjoy!
Undergraduate Major Project Lauri KarvonenLauri Karvonen
The document provides a literature review on customer loyalty in e-commerce. It discusses key concepts like the importance of developing customer loyalty and retention strategies, how satisfied customers differ from loyal customers, and factors that influence loyalty like value, trust and emotional attachment. The review examines approaches from companies like KPMG and PwC on developing loyalty through omnichannel experiences, social media, and loyalty programs. It also discusses challenges in creating loyalty online and the need for personalized service and communication across channels to build strong customer relationships.
Shopper marketing encompasses a wide array of delivery mechanisms and promotional tactics that can be used to reach consumers along the path to purchase, from demand generation through the entire shopping process to post-purchase relationship management.
Customers are becoming less loyal and increasingly likely to use multiple banks. The proportion of customers planning to switch banks has risen from 7% to 12% globally since 2011. Dissatisfaction with high fees is the primary driver of increased attrition rates in several major markets. Additionally, customers are intensifying their search for the best rates and products by using more banks - the number with only one bank has dropped from 41% to 31%, while those with three or more banks has increased from 21% to 32%. This trend towards "multi-banking" is being seen in mature markets and is even higher in emerging markets.
This document discusses trends in customer loyalty in retail banking globally. Key points include:
- Customers are conducting over 50% of banking interactions through digital channels like mobile apps and websites in most countries surveyed. Mobile is the most used channel.
- "Omnichannel" customers who use both digital and physical channels have higher loyalty and purchase more products than customers relying on a single channel.
- However, over 1/3 of customers purchased a new banking product from a competitor in the past year, showing potential for banks to improve sales through digital channels.
Inbound Marketing: Buy-In, Budgets and Best PracticesKuno Creative
You may have heard of inbound marketing, but how can you use it to effectively market your products and drive revenue? This presentation will show you how to get other stakeholders in your company on board with inbound marketing, how it will impact your bottom line and how it has worked for others.
Request a Consultation: http://enterpriseinbound.kunocreative.com/inbound-services-quote
Today small businesses are facing a number of unique challenges when trying to grow business.
From shorter attention spans, higher expectations, and a need for instant gratification amongst customers ― even down to market clutter from the waves rising competition.
Here's a few big tips every small business should know to help you rise to the challenge and grow business.
This document discusses a study on shopper marketing conducted by the Grocery Manufacturers Association (GMA) and Booz & Company. Some key findings from the study include:
1) Shopper marketing investment is growing rapidly for many consumer packaged goods companies as they shift spending closer to the point of purchase.
2) Digital deal hunting by shoppers is on the rise as they conduct more online research before shopping trips.
3) Shopper marketers are using an expanded set of digital vehicles like search, social media, and mobile apps, requiring greater collaboration between sales, marketing, and retailers.
4) The study identifies 49 shopper marketing vehicles organized into 7 platforms, finding varying adoption levels of
PureProgression – Email marketing in a post GDPR world, email list growth & p...Pure360
Our 2nd PureProgression workshop of 2018, was held in London on 16th May 2018.
This workshop focused on email marketing in a post GDPR world. We discussed areas you should be considering, how to grow your email lists and we took an in-depth look at the increasing importance of intelligent email personalisation.
Our Customer Success and Account Management team were on hand to help work towards our customers objectives. We outlined best practice and gave valuable insight into how to utilise personalisation and grow our customers email list, whilst adhering to the new GDPR legislation*.
The workshop covered:
- Tactics on how to optimise sign up forms and grow your email lists organically post GDPR
- Expert advice on how to grow your email list
- How to use personalisation to add real value to your customer experience
- Practical examples of next level personalisation any business can implement
- Plus much more hands-on strategy and practical advice
*Please note that our advice on GDPR compliance is only for best practice and should not be considered legal advice.
The document discusses the evolution of customer relationship management (CRM) strategies over time, including targeted marketing, database marketing, event-driven marketing, and loyalty and retention programs. It then defines CRM as an integrated business strategy focused on acquiring, retaining, and growing profitable customer relationships through coordinated policies, processes, technology, and people. The key aspects of a successful CRM program are also outlined.
How Buyer Trends are Impacting the Future of Business ThinkingCintell
This free eBook looks at how future buyer trends are challenging conventional business thinking and offers a guide to modern business thinking in the hyper-competitive Social Age.
1. The document discusses how the classic economic model of consumer behavior as rational actors seeking to maximize benefits is an oversimplification and does not account for variability and irrationality in consumer decision making.
2. It then outlines the traditional linear consumer purchase process model involving problem recognition, information search, evaluation of alternatives, purchase, and post-purchase evaluation.
3. However, it notes that the modern consumer decision journey is non-linear with multiple touchpoints of influence from various sources, requiring marketers to engage consumers throughout the process through two-way conversations to build loyalty.
“Shopper Marketing” has become jargon: everyone talks about it, but no one can quite agree what it means. Instead of worrying about definitions, our newest white paper shifts the conversation to the broader context: designing better shopper experiences.
Simple? Yes, but with endless adaptive possibilities and implications, we think this take on shopper marketing has got a shelf-life to last.
This document summarizes key findings from a study about Millennials and their shopping behaviors. It discusses that Millennials have surpassed Baby Boomers as the largest living generation in the US. The study found that Millennials are generally more satisfied consumers than Baby Boomers, particularly with utilities, healthcare, and telecom services. Millennials expect good customer service and value for their money. They are also more willing than older generations to share their personal information for targeted offers and services. The document emphasizes that understanding the nuances of the Millennial customer experience is important for businesses.
AS SHOPPER MARKETING CONTINUES TO GAIN
A FOOTHOLD IN CANADA, CONFERENCES LIKE
THIS ONE ARE BECOMING MORE AND MORE
VALUABLE. AGENCIES, RETAILERS, AND
MARKETERS ALL NEED TO UNDERSTAND
NOT ONLY THE UNDERPINNINGS OF THE DISCIPLINE,
BUT PERHAPS MORE IMPORTANTLY,
HOW THE DISCIPLINE IS AFFECTED BY THE
NUANCES OF THE CANADIAN RETAIL LANDSCAPE.
THIS DECK IS AN ENCAPSULATION
OF WHAT WE HEARD OVER THE TWO DAYS OF PRESENTATIONS AND DISCUSSIONS.
Creating loyal omnichannel customers is critical. Retailers who embrace the customer-centric trend and build better shopping experiences will leap ahead of the competition.
Building a blended customer experience isn't easy. Need some help getting started? Check out our latest in retail trend research.
Ratera & van Galen is an independent market research and retail consultancy firm that specializes in shopper research and trade marketing strategy. They use various methodologies like in-store intercepts, focus groups, video monitoring, and traffic flow analysis to understand shopper behavior. Their services help clients with category definition, category layout, ideal product ranges, promotions, and point-of-purchase communication to drive profit through an improved shopper experience.
Your cognitive future in retail industryTero Angeria
Cognitive + retail = the future
Welcome to the age of cognitive computing, where intelligent machines simulate human brain capabilities to help solve society’s most vexing problems. For retail,cognitive computing has already arrived, and its potential to transform the industry is enormous. Cognitive systems are driving more personalized
shopping experiences and helping unearth customer trends. Our research reveals that retail leaders globally are poised to embrace this groundbreaking technology more holistically and, by doing so, will redefine the future in retail.
Chiec luoc Marketing tap trung vao Khach Hang trong thoi dai InternetMoore Corporation
The document discusses different marketing strategies, including product-centric vs. customer-centric approaches. A product-centric strategy focuses on offering generic products at low cost to gain market share, while customer-centricity aims to offer differentiated products that meet customer needs and build long-term customer relationships. Research findings show referred customers are more profitable and loyal than those acquired through other means. To maximize value, companies should understand customer wants and identify the most valuable customers using metrics like RFM, then find more customers like them and reduce defection through fair solutions and customer knowledge.
The glorious summer of 2012 is over and we have all taken a collective deep breath and asked ‘so, what next?’
Post-Olympic blues, EuroZone crisis, technological convergence & EcoEthic shoppers among many other topics are weighing on our minds... but what on earth does it all mean?
In the next few slides we cut through the jumble of ideas and reveal what will really affect shoppers in the UK and Europe in the coming year and how we, as Shopper Marketers, can make the most of the future.
Read on and enjoy!
Undergraduate Major Project Lauri KarvonenLauri Karvonen
The document provides a literature review on customer loyalty in e-commerce. It discusses key concepts like the importance of developing customer loyalty and retention strategies, how satisfied customers differ from loyal customers, and factors that influence loyalty like value, trust and emotional attachment. The review examines approaches from companies like KPMG and PwC on developing loyalty through omnichannel experiences, social media, and loyalty programs. It also discusses challenges in creating loyalty online and the need for personalized service and communication across channels to build strong customer relationships.
Shopper marketing encompasses a wide array of delivery mechanisms and promotional tactics that can be used to reach consumers along the path to purchase, from demand generation through the entire shopping process to post-purchase relationship management.
Customers are becoming less loyal and increasingly likely to use multiple banks. The proportion of customers planning to switch banks has risen from 7% to 12% globally since 2011. Dissatisfaction with high fees is the primary driver of increased attrition rates in several major markets. Additionally, customers are intensifying their search for the best rates and products by using more banks - the number with only one bank has dropped from 41% to 31%, while those with three or more banks has increased from 21% to 32%. This trend towards "multi-banking" is being seen in mature markets and is even higher in emerging markets.
This document discusses trends in customer loyalty in retail banking globally. Key points include:
- Customers are conducting over 50% of banking interactions through digital channels like mobile apps and websites in most countries surveyed. Mobile is the most used channel.
- "Omnichannel" customers who use both digital and physical channels have higher loyalty and purchase more products than customers relying on a single channel.
- However, over 1/3 of customers purchased a new banking product from a competitor in the past year, showing potential for banks to improve sales through digital channels.
Inbound Marketing: Buy-In, Budgets and Best PracticesKuno Creative
You may have heard of inbound marketing, but how can you use it to effectively market your products and drive revenue? This presentation will show you how to get other stakeholders in your company on board with inbound marketing, how it will impact your bottom line and how it has worked for others.
Request a Consultation: http://enterpriseinbound.kunocreative.com/inbound-services-quote
Today small businesses are facing a number of unique challenges when trying to grow business.
From shorter attention spans, higher expectations, and a need for instant gratification amongst customers ― even down to market clutter from the waves rising competition.
Here's a few big tips every small business should know to help you rise to the challenge and grow business.
This document discusses a study on shopper marketing conducted by the Grocery Manufacturers Association (GMA) and Booz & Company. Some key findings from the study include:
1) Shopper marketing investment is growing rapidly for many consumer packaged goods companies as they shift spending closer to the point of purchase.
2) Digital deal hunting by shoppers is on the rise as they conduct more online research before shopping trips.
3) Shopper marketers are using an expanded set of digital vehicles like search, social media, and mobile apps, requiring greater collaboration between sales, marketing, and retailers.
4) The study identifies 49 shopper marketing vehicles organized into 7 platforms, finding varying adoption levels of
PureProgression – Email marketing in a post GDPR world, email list growth & p...Pure360
Our 2nd PureProgression workshop of 2018, was held in London on 16th May 2018.
This workshop focused on email marketing in a post GDPR world. We discussed areas you should be considering, how to grow your email lists and we took an in-depth look at the increasing importance of intelligent email personalisation.
Our Customer Success and Account Management team were on hand to help work towards our customers objectives. We outlined best practice and gave valuable insight into how to utilise personalisation and grow our customers email list, whilst adhering to the new GDPR legislation*.
The workshop covered:
- Tactics on how to optimise sign up forms and grow your email lists organically post GDPR
- Expert advice on how to grow your email list
- How to use personalisation to add real value to your customer experience
- Practical examples of next level personalisation any business can implement
- Plus much more hands-on strategy and practical advice
*Please note that our advice on GDPR compliance is only for best practice and should not be considered legal advice.
The document discusses the evolution of customer relationship management (CRM) strategies over time, including targeted marketing, database marketing, event-driven marketing, and loyalty and retention programs. It then defines CRM as an integrated business strategy focused on acquiring, retaining, and growing profitable customer relationships through coordinated policies, processes, technology, and people. The key aspects of a successful CRM program are also outlined.
How Buyer Trends are Impacting the Future of Business ThinkingCintell
This free eBook looks at how future buyer trends are challenging conventional business thinking and offers a guide to modern business thinking in the hyper-competitive Social Age.
The document discusses B2B marketing models and the customer journey. It describes how 57% of purchase decisions are made before contacting a supplier, and 67% of the buyer's journey is now digital. It then discusses various models of how marketing works, including the real customer journey model from Microsoft and McKinsey's consumer decision journey model. The rest of the document discusses marketing fundamentals, a simple model for how marketing works at Soldo today, and strategies for engaging end users versus senior decision makers.
World-class sales professionals are adapting to shifting buyer behaviors by improving how they connect, collaborate, and calculate value for customers. As decision makers increase in number, buying processes become more formalized, and customers demand ROI calculations, salespeople must broaden their knowledge, navigate buying stages, and ensure customer success to influence sales. The document examines trends showing these changes, such as longer sales cycles and improved retention, and how top performers distinguish themselves through behaviors like understanding each customer's buying reasons and context.
The document discusses how business buyers are evolving, requiring salespeople to adapt their strategies. It notes that the number of decision makers is increasing, and salespeople must understand each individual's influences and motivations. Additionally, buyers now have access to more information, expecting salespeople to demonstrate deep knowledge of how products meet customer needs. The document advocates decoding the decision dynamics within a buying team in order to effectively influence the purchasing process.
World-class sales professionals are adapting to shifting buyer behaviors by improving how they connect, collaborate, and calculate value for customers. As decision makers increase in number, buying processes become more formalized, and customers demand quantitative ROI, salespeople must broaden their knowledge, navigate evolving buyer journeys, and ensure customer success. The document examines trends that world-class performers are addressing, such as longer sales cycles and improving customer retention, in order to maintain high performance.
This document summarizes perspectives from various thought leaders on trends in social selling in 2014-2015. Key trends highlighted include: the rise of content marketing and social networks leveling the playing field; social selling tools gaining maturity and a push for ROI metrics; and the need for sales and marketing integration and cultural change among salesforces. Thought leaders predict social selling will go mainstream in 2015 and bring changes to sales training, management, and expectations of sales reps.
The document discusses customer retention, acquisition, and the differences between B2B and B2C sales processes. It notes that customer retention directly impacts profitability and requires organizations to exceed expectations through quality products and services. Customer acquisition requires understanding customer behaviors and effective marketing. B2B sales involve fewer but larger customers and require more research, while B2C sales have a larger customer base but quicker individual sales. Both aim to develop customer relationships through attentive pre-and post-sale processes, though B2B customers receive more post-sale support while B2C customers experience faster pre-sale transactions. Overall customer satisfaction is key to maintaining relationships.
Buyer Experience Innovation: Five Management PrinciplesCintell
The new business landscape is propelling organizations, especially in B2B, to begin thinking about how to create a rewarding buyer experience that fosters engagement and long-term loyalty. Here, I share key management principles that leaders today should consider for being successful in shifting their corporate culture and competencies towards innovative buyer experiences. There are five key management principles applicable to Buyer Experience Innovation.
The double funnel 26.12.12 (final version)brianslider
The document outlines a 7 step strategy called the Double Funnel for improving B2B sales and marketing performance. The strategy involves understanding the market, developing strong messaging and positioning, reviewing the website and visitor journey, implementing inbound marketing tactics like SEO, social media and blogging, establishing marketing and sales funnels, and using measurement and analytics. The Double Funnel recognizes that marketing and sales are interconnected parts of generating qualified leads and sales.
This document provides an overview of how marketers can move buyers from anonymity to revenue generation. It discusses how Buyer 2.0 spends most of their time independently researching options online before engaging vendors. It argues that marketers need new approaches to consistently provide valuable experiences and content to buyers throughout their journey. This includes using technologies that can identify and track anonymous website visitors in real-time to better personalize content for buyers based on their firmographics and interests. The document presents strategies for nurturing buyers across channels, shifting focus to accounts rather than just individuals, and improving data to enhance personalization. The goal is for marketers to impact buyers earlier in their process to increase the chances of revenue.
Assessment of most selling staples & FMCG products in mop & pop stores close ...BHOMA RAM
The document provides an overview of strategic planning in a military context. It discusses how strategic planning begins with proper administration and organization to define roles and responsibilities. This ensures efficient coordination and eliminates overlap. The document also outlines the basic classifications of military strategy - grand strategy, strategy, operations, and tactics - which help structure the chain of command and divide responsibility between levels. Overall, the document emphasizes how effective administration and organization are prerequisites for successful strategic planning in any large group pursuing an objective.
In a new report, titled “Digital Shopper Relevancy,” Capgemini surveyed 16,000 digital shoppers across 16 developing and mature markets about their use of different channels and devices for shopping.
1. There is widespread debate in the industry around defining shopper marketing, with various definitions focusing on different aspects such as reach, activities, and program initiator.
2. The most encompassing definition is "shopper-centric marketing," which focuses on satisfying shoppers' needs through relevant information, store experiences, and ease of purchase, regardless of the specific marketing stimulus or who funds it.
3. Shopper marketing should aim to reach shoppers through in-store and out-of-store activities designed to influence purchase decisions at any point when shoppers are considering a product category.
The B2B Buyers Journey Sales Guide eBookMark Gibson
New eBook on The B2B Buying Process; why you need to understand it and how to facilitate transitions with the buyer through the process.
Will be of value to sales professionals, sales managers, sales enablement and operations professionals, marketers and product managers
- Shopper marketing spending by CPG manufacturers has more than doubled from 2012 to 2014, increasing from 6% to 13.5% of total marketing budgets. However, some of this increase may have come from reductions in other marketing spending areas like trade promotion.
- Retailers find in-store events, retailer-specific coupons, and digital/mobile promotions to be the most effective shopper marketing vehicles for generating sales. However, many shoppers report that shopper marketing has little impact on their awareness and purchase decisions.
- There is a question of whether the large growth in shopper marketing spending is true incremental investment, or simply a relabeling of existing trade promotion and account-specific marketing budgets and
9 Experts on Rethinking Demand Generation: Strategically Target Your Content ...Mighty Guides, Inc.
Demand generation content must disrupt the status quo in order to drive change and facilitate sales. Experts provide several tactics for doing so, such as reframing a prospect's thinking to challenge their view of the status quo, creating content that focuses on the pain of sticking with the current situation rather than the potential gains of changing, and helping different stakeholders within a prospect's organization communicate to build support for change. The goal is to convince prospects that maintaining the status quo poses more risks than making a change to a new solution.
Selling to Procurement FINAL MASTER reportHelen Wilcox
This document discusses the results of a survey comparing how sales and procurement professionals interact in 2012 versus 2007. Some key findings:
- Sales professionals have increased their understanding of the procurement process since 2007, but still have room for improvement in strategic thinking.
- Most sales people believe procurement is increasingly important to their clients strategically, but some may overestimate their own importance.
- Sales people have a better understanding of how much of their clients' spending goes to third party suppliers, which is important for gauging the client's procurement capabilities.
- However, determining a supplier's true strategic importance remains a challenge, and sales risks being "deluded" without proper research into the client's business.
Similar to A Matter of Choice: How B2B Buyers Choose in Today’s Complex Markets (20)
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...ABHILASH DUTTA
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A Matter of Choice: How B2B Buyers Choose in Today’s Complex Markets
1. A Matter Of Choice
How B2B Buyers Choose In
Today’s Complex Markets
by Tony Zambito
2. Copyright Notices
A Matter Of Choice: How B2B Buyers Choose In Today’s
Complex Markets
Copyright 2012 by Buyerology and Goal Centric Management,
Inc., All rights reserved.
No part of this publication may be reproduced or transmitted
in any form or by any means, mechanical or electronic,
including photocopying and recording, or by
any information storage and retrieval system, without
permission in writing from the publisher. Requests for
permission or further information should be addressed to
Tony Zambito at: tzambito@goalcentric.com.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 2
3. Legal Notices
While all attempts have been made to verify information provided
in this publication, neither the author nor the Publisher assumes
any responsibility for errors, omissions or contrary interpretation
of the subject matter. This publication is not intended for use as a
source of legal or accounting advice. The Publisher wants to
stress that the information contained herein may be subject to
varying state and/or local laws or regulations. All users are advised
to retain competent counsel to determine what state and/or local
laws or regulations may apply to the user's particular business.
The purchaser or reader of this publication assumes responsibility
for the use of these materials and information. Adherence to all
applicable laws and regulations, both federal and state and local,
governing professional licensing, business practices, advertising
and all other aspects of doing business in the United States or any
other jurisdiction is the sole responsibility of the purchaser or
reader. The author and Publisher assume no responsibility or
liability whatsoever on the behalf of any purchaser or reader of
these materials. Any perceived slights of specific people or
organizations is unintentional.
Copyright 2012 Buyerology and Goal Centric Management, Inc. All
rights reserved.
http://buyerology.com | 1-888-972-8937
Copyright 2012 Buyerology and Goal Centric Management, Inc. 3
4. Table of Contents
Slow Death of the Funnel 6
Revenue Growth by Choice 14
Psychology of Choice 25
3 Ways to Connect with Buyers 34
4 Ways to Transform Business 43
Copyright 2012 Buyerology and Goal Centric Management, Inc. 4
5. Slow Death of the Funnel:
Why Buyer Choice
Matters to Revenue
Copyright 2012 Buyerology and Goal Centric Management, Inc. 5
6. Finding the keys that unlock improving revenue
performance and achieving growth is becoming
harder and harder as we go from a single buyer
model to that of more interdependency among
ecosystems and networks by B2B buyers. B2B
marketing and sales is still predominantly
tethered to traditional ideas, approaches, and
systems that are being dragged into the modern
era. While we have seen modifications, the idea
of the traditional funnel is still at the core of
many B2B organizations today. It matters little
whether you keep it vertical or flip it sideways
and make it horizontal – it is still suggesting a
funnel that winnows down opportunities down
to a “buy” decision.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 6
7. As the modern era rages on with increasing
speed where the Internet and Social Technologies
are converging into new forms, the
oversimplification of the funnel becomes more
and more apparent. Simply put, buyers just don’t
act or behave in that way anymore. Evidence
suggesting that buyers are behaving well out of
the norm of our conventional views of the funnel
as well as the buying process is abundant from
surveys. These behaviors cannot be represented
in the view of a funnel.
DemandGen, for example, reported that B2B
buyers don’t talk to a sales rep until they’ve
conducted independent research 77% of the
time. There are plenty of surveys around showing
buyers acting and behaving differently – yet – the
willingness to snap the tether cord of the funnel
doesn’t appear readily apparent. It does beg the
question of: what is going on?
Copyright 2012 Buyerology and Goal Centric Management, Inc. 7
8. I believe that is still an open question without an
answer. We are about to see an uptick in Big Data
being touted as the next Big Thing. Why? To
figure out what’s going on. My thinking is that if
this Big Data explosion is designed to tell us
what’s going on within the confines of the funnel
– then B2B organizations can find themselves in
the untenable position of explaining why Big Data
is not telling them anything. Here’s why: we will
learn a lot about what buyers purchase and we
will learn a lot about how they are purchasing –
perhaps.
What is missing is the most important question of
all – why. And there are two very important
components to the why question:
First, why are they buying and second, why are
they making the choices they make.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 8
9. Traditional marketing and sales, oriented towards
the funnel, don’t answer these why questions
very well. To get close, it may take years of piling
on data after data to get a clue. This is a very
expensive proposition for companies to take on
today.
Despite the many super hyped concepts coming
to the forefront attempting to address the 77%
who are not getting a sales rep involved until
much later, the funnel – whether vertical or
horizontal or even cyclical – seems to be glossed
over like a sacred cow. The language of these
many new concepts is spoken through the prism
of the funnel – still.
For example, if we take an often used expression
of the first part of a funnel – awareness – many
of the new concepts are really talking about how
to make awareness happen differently in the new
social buyer era.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 9
10. Buyers Explore vs. Become Aware. B2B
buyers are less likely to become aware of
solutions and more likely to explore and find
them. And they are making significant choices
during their exploring based on what they find.
Unlike consumer purchases where there is an
object of purchase desired – for example a HDTV
– B2B buyers are making choices on which path
they will invest more time hiking and exploring.
Buyers Are Part of Ecosystems and
Networks. The age of the single buyer has come
to a close in complex B2B environments. While
there may be a target buyer per se’, they are
increasingly dependent upon various ecosystem
participants who are directly impacted by
purchase decisions and have a voice in these
decisions. The funnel is very limited outside the
scope of the single buyer.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 10
11. Buyers Just Don’t Make New Buys. In the
complex realities of today, buyers are not
repeating the new buy orientation of the funnel.
There are many choices being made around how
to modify different alternatives. In the age of
just-in-time – and now in the age of real-time,
buyers look ahead into the longevity of
repurchase – or continuous supply that feeds the
ecosystem with little disruption.
Buyer Views Extend Beyond Purchase. The
funnel is based on the short-term view of making
the sale and it is measured in quantities. In
today’s environment, the funnel cannot
accommodate the long term views buyers have
on the overall buying experience and doesn’t
account for many factors that happen well after
the sale.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 11
12. Given these limitations, I believe that companies
today must attempt to understand buyer choices
and adopt a different model. A Buyer Choice
Model that begins to reflect buyer behavior and
provides the language and terminology needed
to understand why buyers choose as they do. It
puts the buyer at the center of B2B marketing,
sales, and service and reflects, more accurately,
that buyers are making multiple choices
throughout their actions as well as behaviors that
ultimately lead to a purchase decision.
But – it doesn’t stop there at the purchase
decision. There is a continuous loop that extends
beyond the purchase decision. The idea of buyer
choice modeling is to understand choices that are
being made in this continuous loop – so as not to
be left out of the loop.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 12
13. Revenue Growth by Choice
and
The Buyer Orbit
Copyright 2012 Buyerology and Goal Centric Management, Inc. 13
14. Growth is getting harder and harder to come by.
With this comes the realization that some of the
embedded thinking about how to reach and
market to buyers are not working well.
Previously, we looked at how the funnel is facing
a slow death and the limitations of so called
funnel thinking. We are entering a new era of the
buyer. Buyer behaviors are shifting yet we know
only a fraction about this shift. One emerging
insight is that of buyer choice. Simply stated,
buyers are making multiple choices prior to as
well as well after buying decisions.
Important to Understand Buyer Choice
Buyers Have Many Options. The floodgates have
opened on channels, social media, old media, the
Internet, and countless other ways to interact,
explore, retrieve, and digest information in this
new era of the buyer. With countless options
available, buyers are making choices on where to
start their exploring.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 14
15. The Buyer At The Center Of Strategy,
Marketing, And Sales.
Conventional funnel thinking has a hard time
doing this. A better way of stating this is that
conventional strategy, marketing, and sales
decisions are funneled through an old paradigm
of the buyer where marketing and sales held the
information cards – cards used to target, sell, and
persuade buyers.
Today, buyers make the choice on which
information cards they decide to deal. B2B
leaders today must find ways to focus strategy on
the buyer, the choices they make, and the
experiences they have with their organizations.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 15
16. Experience Determines Choice. A while back,
I made a choice to attend a Broadway musical –
of which I am a big fan. The pre-show experience
and excitement was plenty of fun with a great
dinner in New York. The musical started and
about 20 minutes into the musical the dread
began to overcome me. I knew this musical
production was going to be – dreadful. We made
the choice to leave at intermission and the choice
didn’t ruin the entire experience of the evening
but it sure changed it. We chose to find a jazz
club and had a great time which meant cancelling
out the plans we had after the show.
Buyers today are taking experience cues well
before the buyer decision journey and well after.
The buyer experience cues they take-in alter their
thinking about the choices they make. And they
could be choices about whether to continue
having an experience with your organizations – or
– find another.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 16
17. Understanding Buyer Choice Helps You To
Make The Right Choices Available
Buyer choice anchors five choice elements that
can be thought of as continuously orbiting buyers
today. A fundamental shift is happening here. In
the conventional DNA of funnel thinking, we are
accustomed to thinking that involves phases or
steps. One phase ends and another phase begin.
What I propose is something we can call the
Buyer Orbit. This is meant to shift the thinking
towards recognizing that buyers are continuously
addressing goals, challenges, issues, uncertainty,
and growth that are in a continuous orbital loop.
This applies to buyer choice:
Copyright 2012 Buyerology and Goal Centric Management, Inc. 17
19. Explore. As mentioned, funnel thinking usually
started with attempts to make buyers aware of a
product or solution. It is still rooted in the
thinking of flashing attention-getting means
before buyer’s eyes as well as push messaging
outwards in the hopes of making buyers aware.
Today, buyers are mapping out deliberate
exploration prompted by the orbital loop of the
goals and etc. that orbit them. Confronted with
many choices, buyers are taking time to map out
where to explore, how to explore, and etc.
Network. As buyers make progression towards
less of a single buyer model to that of a world
that includes ecosystems and open networks,
buyers are making choices to interact with
networks and different ecosystem players to
collaborate on addressing the issues orbiting
them.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 19
21. Decide. The way buyers decide today is
becoming increasingly complex. Choices are
being made on such things as the rules for
deciding, who is included, checking
dependencies, and assessing impact. Buyers
today no longer make decisions in a vacuum.
Buy. The actual buy choice has become a higher
stakes game in the B2B world. Not only are the
rules for deciding more complex, but there are
more dependencies related to buying and
potential impact as well. The experience element
here is now more critical than ever because of
the high stakes. Making the wrong choice, for
example, on a software platform designed to
measure quality of manufactured parts could
have drastic affects downstream with OEMs and
distribution.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 21
22. Relate. The word – relate – has more
applicability in a B2B context than say engage for
example. The higher stakes involved means
buyers needs an organization that can relate to
the high stakes and a relational bond is being
formed. In the example mentioned above, there
may be many discussions before and after the
buy choice to ensure that the software platform
meets an intended goal.
The ability for B2B companies to provide
relational choices and experiences becomes an
important factor. Does the company provide
relational choices whether they are face-to-face,
telephone, or complex networking technology
that involves exchanging design ideas and
specifications?
Copyright 2012 Buyerology and Goal Centric Management, Inc. 22
23. The new era of the buyer is resulting in a
paradigm shift on what is required thinking about
the buyer today. Letting go of funnel thinking is
no easy task – especially when you strip away the
hyperbole and promotion that can surround
strategy, it is still very much about the funnel.
Buyers today have many elements related to
growth, goals, and uncertainty orbiting their
world. Making choices as this orbital loop
continuously impacts their world is changing the
very nature of buyer behavior today. These
changes are rocket propelled by a new world of
hyper-connectivity and hyper-competition.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 23
24. How B2B Leaders Respond
to the
Psychology of Buyer Choice
Copyright 2012 Buyerology and Goal Centric Management, Inc. 24
25. When it comes to understanding the psychology
of the buyer, much has been done in the world of
B2C to get inside the mind of consumers to
understand buying choices. For B2B, it has been
harder to translate B2C research dynamics into
ways that would make the psychology of B2B
buyers readily understood. However, what we do
know is that there is an increasing
consumerization effect happening in B2B buying
whereby B2B buyers have the same desires for
more experiential purchasing.
In the previous section we discussed the Buyer
Orbit and the elements of the Buyer Choice
Model. Each of these now filled with more
psychological aspects related to why B2B buyers
buy. This comes with implications for B2B leaders
to not only understand new buyer psychology but
to also shift business models, operations,
strategies, and interactions that transforms the
way they connect with B2B buyers.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 25
26. Understanding buyer choice has many
implications for B2B strategies and tactics –
whether they are focused on demand generation,
content marketing, or selling approaches.
Addressing new buyer psychology and buyer
choice paradigms, within elements of buyer
choice modeling, can be transformational:
Copyright 2012 Buyerology and Goal Centric Management, Inc. 26
27. Explore
With more and more buyers mapping out
exploration due to the proliferation of content
and information channels, a side effect of B2B
businesses scrambling to be noticed in the 50%
to 70% window of buyers remaining anonymous,
B2B businesses are considering the implications
of buyers taking deliberate action to map out
their exploration.
What this means: predicting and modeling
how buyers map and begin their exploring
as well as what forms of navigation they
usually take specific to their industry.
How to respond: devote more resources to
qualitative investigative means, such as
contextual interviewing and ethnographic
research, to uncover how buyers begin their
efforts to explore and how they are dealing
with content proliferation.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 27
28. Network
As elaborated upon recently, the single buyer
model is no longer sufficient and more and more
B2B buyers operate from the new buying model
of working within ecosystems and relying on
network participation. Codependency is here to
stay and B2B businesses must adapt
What this means: reexamine how buyers are
viewed internally and what forms of
outmoded approaches may be resulting in
missed opportunities.
How to respond: use various forms of B2B
buyer research and begin working with
buyers to understand important ecosystem
and network drivers for their business and
industries. Incorporate important ecosystem
views into strategy and organizational
infrastructure.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 28
29. Decide
The art and science of decision-making is
becoming more complex each year. An increasing
number of variables are being introduced into
decision-making such as globalization,
uncertainty, ecosystem considerations, and more
– shifting how buying is taking place.
What this means: how buyers are buying
today is shifting dramatically and B2B
businesses need to understand the new
rules of decision-making, in addition to the
buyer decision journey, that are being
implemented for purchase decisions.
How to respond: shift internal focus to
understanding new rules affecting decision-
making, acquired through the mix of
analytics and qualitative insight, and support
how buyers are making purchase decisions.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 29
30. Buy
Buying today is a higher stakes game for many
businesses today. The margin for costly mistakes
is the slimmest in decades. The extent of poor
choices can have disastrous effect on many
aspects of a business.
What this means: B2B leaders must not
confuse how buyers buy with why buyers
buy. The focus is on understanding new
buyer psychology in terms of their collective
attitudes, goals, beliefs, and perceptions.
This new collection of mental models are
changing each time new variables, such as
new technologies, are introduced.
How to respond: getting an understanding of
buyer mental models via qualitative
research efforts will become crucial each
year as buyer psychology continues to shift.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 30
31. Relate
With higher stakes involved in decision-making
and purchases today, B2B buyers seek more
assurances post-purchase than ever before.
Unlike the emphasis on engagement in B2C post-
purchase, the need for deeper ties relationally is
affecting long-term loyalty.
What this means: shifting out of funnel
thinking and viewing the entire buyer
experience cycle is a new rule of B2B
thinking today.
How to respond: post-purchase support and
talent can no longer be an after-thought of
organizational planning but be seen as the
gateway to being included in newly formed
ecosystems and networks by buyers.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 31
32. What we are witnessing today is a marked shift
from funnel-thinking to that of focusing on the
total buyer experience that does not fit neatly
into stages or step approach thinking.
The new buyer psychology compels B2B
businesses today to make the buyer the
centerpiece of strategy and respond to the
continuous loops of what confronts them (the
buyer orbit) and the choices (buyer choice
model) they must make.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 32
33. 3 Ways
To
Connect
With Today’s B2B Buyers
Copyright 2012 Buyerology and Goal Centric Management, Inc. 33
34. Connecting with today’s B2B buyers is on the
minds of most CEO’s and their teams today. Not
too long ago, reaching and connecting with B2B
buyers was a straight forward proposition.
Depending on surveys from such sources as IDC,
IDG Connect, DemandGen Report, Forrester, and
more, we know that buyers are remaining
invisible to B2B businesses and spend only a
quarter of their time talking directly to sales
when making purchase decisions.
The idea of connecting to B2B buyers has gone
from straight forward to major league complex.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 34
35. There are plenty of debates regarding the best
tactical means to connect with B2B buyers. The
effectiveness of these tactical means, as reported
by once again the likes of IDC and etc., show that
many B2B leaders believe these tactical efforts
such as content marketing and marketing
automation may only be effective about a
quarter of the time. It does represent a big gap
and it begs for a rephrasing of the challenge –
this a big disconnect with B2B buyers. Enough to
keep any sane B2B CEO and their senior
management team scrambling for answers.
We have pointed out in this book that
conventional funnel thinking is woefully
inadequate in today’s B2B buyer landscape and is
limited in the ability to address new and evolving
complexities.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 35
36. Buyer Modeling To Understand Buyer
Choices and Scenarios
Business executives today are using the concepts
of buyer modeling to understand as well as
visually illuminate buyer choice. Buyer modeling
incorporates the elements of attitudes, beliefs,
values, goals, perceptions, needs, and
motivations. By modeling buyers, buying
scenarios, buyer experience, and decision
journeys, B2B executives can then map strategy
as well as tactical marketing and sales activities
that enable them to connect with B2B buyers on
a relational level.
Buyer modeling is based on qualitative research
that addresses choices being made versus
inadequate interviewing that is done in the
context of the funnel.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 36
37. On The Total Brand and Buyer Experience
B2B businesses are learning how to think outside
the context of the funnel and how to encompass
the total view of the brand and buyer experience.
The invisibility of buyers who are in explore and
network mode of the buyer choice model makes
it an imperative for B2B businesses to better
understand how different buyers interact with
different channels that create impressionable
brand and buyer experience.
The emphasis here is on identifying critical Buyer
Moment of Truth™ impression points that
contribute to the overall brand and buyer
experience. For example, does the web channel
brand and buyer experience stay true to form
when buyers interact with either the social
media, sales, resellers, partner, or service
channels?
Copyright 2012 Buyerology and Goal Centric Management, Inc. 37
38. HP, for instance, has a strong ecosystem of
reseller and partner channels where the brand
and buyer experience has many potential pitfalls
and has several challenging Buyer Moment of
Truth handoff points that can make or break their
involvement.
B2B leaders today can conduct buyer experience
mapping that identifies critical Buyer Moment of
Truth and ensure that the brand and buyer
experience stays true to form throughout.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 38
39. Descriptive Buyer Segmentation Based on
Buying Behavior and Opportunity
By integrating the benefits of predictive analytics
with that of predictive buyer modeling, B2B
leaders are gaining smarts on taking
segmentation to a new level. With the use of
visually illuminating B2B Buyergraphics, buyers
can be segmented descriptively by explore and
buying behavior and also by modeling buying
scenarios that identify where the organization
can reach a “best fit” level with buyers.
This can be especially useful in industries where
there is a strong company or account focus as
well as complex buying scenarios that involve
lengthy buying cycles.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 39
40. Descriptive means of segmentation helps to
illuminate the many elements related to choice,
needs, goals, attitudes, behaviors, values, and
experience. This approach enables both
marketing and sales to focus on resonating with
buyer segments that have similar goals and
buying behaviors where knowledge in doing so is
dynamic and enriched with each company or
account interaction.
In essence, allowing B2B businesses to build
strong connections with B2B buyers in buyer
segments that have higher winning percentages.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 40
41. When B2B leaders can do these three things,
they can be better informed on how to guide the
overall trajectory of their organization. Their
focus is on identifying the buyers and buyer
segments that they can best establish a
connection within the context of understanding
choices being made.
More importantly, they can learn how to connect
with B2B buyers today in ways that resonates and
invites participation into the buyer driven world
of goals, challenges, issues, uncertainties, and
growth objectives that orbit them continuously.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 41
42. 4 Ways the Power
of
Buyer Choice
Will Transform
Business Marketing
Copyright 2012 Buyerology and Goal Centric Management, Inc. 42
43. How buyers make choices today, in large part
driven by empowering new technologies, will
transform how B2B businesses will view buyers
as well as redefine what is meant by business
marketing. The rigid funnel will no longer serve
as a workable means of communicating unique
views of buyers and their buying behaviors.
This not to say that buyer processes, stages, and
steps are no longer relevant but to highlight that
buyers today no longer make choices neatly in
the paradigm of the funnel. A rigid funnel view,
whether it is drawn up horizontal or vertical,
cannot provide the orbital view of choices being
made continuously.
There are four ways that new buyer choice
dynamics will transform the practice of business
marketing and alter the view of what practices
are relevant:
Copyright 2012 Buyerology and Goal Centric Management, Inc. 43
44. Predictive Buyer Modeling And Intelligence
As we covered, many B2B businesses are
wrestling with the unknown and the invisible.
B2B buyers are remaining invisible in their
behaviors associated with exploring as well as
establishing new networks of participants in
decision-making. There will be a rise in the use of
buyer modeling techniques as well as integrating
the use of buyer intelligence, predictive analytics,
and the illuminating aspects of predictive buyer
modeling.
The changes underway in buyer behavior will
cause B2B business marketing to extend well
beyond conventional buyer profiling as well as
simplistic buyer persona creating for demand
generation.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 44
45. Reorient From Business Marketing Teams
to Buyer Driven Marketing Teams
Traditional business marketing has been
historically put together teams that are seller
driven and narrowly funnel focused. The single
buyer model view narrowly shared across all
channels. Leaders in B2B marketing and sales will
soon have to migrate towards buyer segment
teams that are focused on activities that are
focused on the buyer’s entire brand and buyer
experience.
We are beginning to see leading organizations,
such as GE, move towards aligning their
organizations to industry buyer segment teams
focused on deeper understanding and alignment
with buyers.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 45
46. Create Orbital Match With Buyers
B2B is becoming more complex with every
passing month. When informed with deep buyer
intelligence, business marketing can begin to
align to the continuous orbital loop of what
confronts buyers and how they make choices.
The new role of business marketing is to pull
buyers into an orbital loop that mirrors their
own. The new business marketing strategy is to
create the gravitational pull that buyers are
drawn to because it aligns with their own orbital
loops. Conversely, how can your organization get
close to the buyer’s own gravitational pull and be
drawn into their orbital loop?
This is a departure from the seller driven and
narrow funnel view of push messaging. Another
way of positioning this concept in simple terms is
this: either your B2B business becomes part of
the orbital loop or you can watch it from afar
with a telescope – and be out of the loop.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 46
47. Total Brand and Buyer Experience
Business marketing today can take a leadership
role by transforming itself to orient around the
buyer. Historically, in the seller driven view world,
business marketing has been positioned as the
conveyers of getting information in front of
buyers. Producing material that buyers could
read, provide messaging to sales, and putting
together promotional programs with the aim to
get sellers to sell harder. My intuitive guess is that
in the world of business marketing, this
positioning still exists in a large majority of B2B
organizations – perhaps trapped within the label
of marketing communications.
To influence corporate strategy and decision-
making, business marketing must now become
the conveyors of buyer intelligence and
influencing organizations to orient around the
buyer. Conveying that what counts is the total
brand and buyer experience.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 47
48. Business marketing today, by making these four
ways the cornerstone of transformation, can
enhance their leadership role in organizations.
Orienting businesses around the understanding
of buyer choices being made in a new complex
buyer driven world. This is no easy challenge yet
one that business marketing must take up.
Business marketing must demonstrate that it
understands buyers deeply and that a designed
focus on the total brand and buyer experience is
the new business marketing strategy. It is time for
business marketing to come out of the literature
closet and lead.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 48
49. About Tony Zambito
Tony is the originator of buyer persona research and creation. Today,
Tony is breaking new ground in establishing Buyerology℠ as the new
qualitative research means of understanding buyer behaviors and
choices to make better informed decisions.
A seasoned corporate senior executive with Fortune 100 firms and now
entrepreneur since founding Goal Centric in 2002, Tony offers the rare
combination of both executive experience and unique buyer insight
approaches. He is the author of his widely read blog Buyerology Now
Contact: and keynote speaker on the topic of how changing buyer behaviors are
impacting business today. Tony has helped Fortune 100 companies
tzambito@buyerology.com
such as FedEx, HP, and Reed Elsevier to make informed decisions using
Twitter: @tonyzambito buyer personas, buyer insight, and Business Buyergraphics™. He holds
a B.S. in Business and an M.B.A. in Marketing.
LinkedIn: Tony Zambito
Tony and his wife Cindy with their two daughters returned to the east
Blog: Buyerology Now coast after nearly a dozen years living through the boom and bust of
Silicon Valley. He is an avid jazz fan as well as jazz percussionist and you
Web: www.buyerology.com
just may catch Tony playing with his band My Cousin Tone’ somewhere
on the east coast.
Copyright 2012 Buyerology and Goal Centric Management, Inc. 49