The complexity of the B2B sale and the increasing sophistication of B2B buyers is demanding that organizations that sell to businesses build and grow sales and marketing systems that are equally sophisticated. A B2B sale has always been about the relationship. Now those relationships are developing and blooming online. Do your systems help make that happen? Or are they preventing it from happening? Is your marketing and sales teams firing on all cylinders?
Take this for an example in just one industry: According to this IDC Report, IT buyers are spending up to 4.8 hours of every week evaluating future IT purchases. They need information to support their decisions. Do your systems let you supply them with what they need to know, when they need to know it?
Direct marketing is a numbers game. Mail out one hundred thousand flyers, get a one to five percent response rate, close about ten percent of those. Test, refine, do it again. But B2B marketing and sales isn't a numbers game at all. It's about understanding needs on one side and measuring value on another. That takes time and effort. If your systems aren't helping you do this, then you're at a competitive disadvantage.
A good B2B website is only one side of a system. It helps to initially establish a relationship, to deliver information and value, but also to collect information. Behind the scenes, that information is collected, analyzed, and acted upon. A coordinated sales and marketing effort recognizes the "touch points" for buyers and has the right information to deliver at the right time. A well-designed system knows when to send the right mailer, email a white paper, or to connect a fully qualified prospect with a live salesperson.
As these systems mature, they'll help marketing and sales, working together, to better understand the sales cycle, react to changes and competitive pressures, and adapt over time. Marketing owns the broad branding and market relationship while sales owns the individual customer. Together, they form an integrated, realistic picture of the market and what future prospects will need and react to.
Ideally, everything is fed from a single system, but even when not ideal, a single system can coordinate all sales and marketing efforts. Your website, search, social media, physical media, events, absolutely everything fully integrated.
If that doesn’t sound like what you have today, it’s time to talk about how to make that happen inside your organization.
For more information on how Minds On can help your company with B2B sales and marketing needs, feel free to call us at (740)548-1645 or email us at info@mindson.com