Business-to-Business
Marketing
By: Davin Sutak
What is B2B
Marketing? B2B: buying and selling goods and
services between businesses
B2B Marketing: activities aimed at
generating inquiries, leads, and direct
sales, as well as assisting organizations
in establishing and maintaining their brain
presence among the other companies
with which they deal
Primarily Local
Marketplace Marketing to companies
entails focusing on a small
number of consumers or
prospects.
Because small firms still
benefit from sourcing their
suppliers locally, the majority
of such enterprises are likely
to be local.
Buying
Process
The larger the company, the
more individuals participate in
the decision-making process.
Decisions are made based on
more reasonable and
objective criteria.
The purchasing choice might
take considerably longer.
B2B Complexity
BUSINESS-TO-BUSINESS
PRODUCTS/SERVICES ARE LIKELY TO
BE MORE COMPLICATED THAN
BUSINESS-TO-CONSUMER
PRODUCTS/SERVICES.
-EVEN WHEN THE ITEMS ARE MORE
COMPLEX, A BUSINESS'S PURCHASING
CHOICE MAY BE BASED ON WHOLLY
DIFFERENT FACTORS THAN A
CONSUMER'S.
BUSINESS BUYERS ARE
ANALYTICALLY DRIVEN, ASK A LOT OF
DIFFICULT, DETAILED QUESTIONS,
AND WANT EXTENSIVE, TECHNICAL
ANSWERS.
B2B Markets
• Types of markets include;
-Resellers
-Institutions
-Manufactures/service providers
-Government
• The most visible types of business-to-business transactions are those in which
manufacturers and service providers sell to other businesses
Market
Research
When making a
transaction through
B2B, one must
consider the features
of the B2B industry
and build a
marketing plan that
responds to the
investor.
-Begin by
segmenting existing
clients.
-If it is possible to
identify groups with
similar features, it will
be possible to build
products and
services to meet their
demands.
Marketing may be
tailored to each
individual in order to
focus on what is of
personal interest to
them and what they
seek from a provider
or product.
B2B Buying Process
Need
Recognition
Product
specification
RFP process
Proposal
analysis,
vendor
negotiation,
and selection
Order
specification
Vendor
performance
assessment
using metrics
B2B
Decision
Makers
While consumers frequently make
decisions as individuals, corporate
purchasers typically operate as part of a
group.
If one wants anyone in a company to be
an advocate, one must first discover who
could be beneficial and then supply them
with the necessary information to make
the product appear to be the ideal choice
for their specific goal.
Conclusion
• To fit the way businesses function, B2B marketing needs a one-of-a-kind
strategy.
• The marketing emphasis is on segmentation-based prospecting and referral
connections.
• Maintain up-to-date and easily available client and prospect information records.
• Improve retention and lifetime value by cultivating trust and loyalty
• Recognize the operation of business-to-business marketing and design
marketing strategies accordingly.

Business-to-business Marketing

  • 1.
  • 2.
    What is B2B Marketing?B2B: buying and selling goods and services between businesses B2B Marketing: activities aimed at generating inquiries, leads, and direct sales, as well as assisting organizations in establishing and maintaining their brain presence among the other companies with which they deal
  • 3.
    Primarily Local Marketplace Marketingto companies entails focusing on a small number of consumers or prospects. Because small firms still benefit from sourcing their suppliers locally, the majority of such enterprises are likely to be local.
  • 4.
    Buying Process The larger thecompany, the more individuals participate in the decision-making process. Decisions are made based on more reasonable and objective criteria. The purchasing choice might take considerably longer.
  • 5.
    B2B Complexity BUSINESS-TO-BUSINESS PRODUCTS/SERVICES ARELIKELY TO BE MORE COMPLICATED THAN BUSINESS-TO-CONSUMER PRODUCTS/SERVICES. -EVEN WHEN THE ITEMS ARE MORE COMPLEX, A BUSINESS'S PURCHASING CHOICE MAY BE BASED ON WHOLLY DIFFERENT FACTORS THAN A CONSUMER'S. BUSINESS BUYERS ARE ANALYTICALLY DRIVEN, ASK A LOT OF DIFFICULT, DETAILED QUESTIONS, AND WANT EXTENSIVE, TECHNICAL ANSWERS.
  • 6.
    B2B Markets • Typesof markets include; -Resellers -Institutions -Manufactures/service providers -Government • The most visible types of business-to-business transactions are those in which manufacturers and service providers sell to other businesses
  • 7.
    Market Research When making a transactionthrough B2B, one must consider the features of the B2B industry and build a marketing plan that responds to the investor. -Begin by segmenting existing clients. -If it is possible to identify groups with similar features, it will be possible to build products and services to meet their demands. Marketing may be tailored to each individual in order to focus on what is of personal interest to them and what they seek from a provider or product.
  • 8.
    B2B Buying Process Need Recognition Product specification RFPprocess Proposal analysis, vendor negotiation, and selection Order specification Vendor performance assessment using metrics
  • 9.
    B2B Decision Makers While consumers frequentlymake decisions as individuals, corporate purchasers typically operate as part of a group. If one wants anyone in a company to be an advocate, one must first discover who could be beneficial and then supply them with the necessary information to make the product appear to be the ideal choice for their specific goal.
  • 10.
    Conclusion • To fitthe way businesses function, B2B marketing needs a one-of-a-kind strategy. • The marketing emphasis is on segmentation-based prospecting and referral connections. • Maintain up-to-date and easily available client and prospect information records. • Improve retention and lifetime value by cultivating trust and loyalty • Recognize the operation of business-to-business marketing and design marketing strategies accordingly.