B2Blog

Business-to-business (b2b) and industrial marketing blog.

Wednesday, July 12, 2006

Guess what is the top B2B marketing tool?

Us poor B2B marketers...the top three things buyers look for in a product aren't under our direct control...price, service, quality. We can add sizzle to these, but ultimately, the buyer will discern the truth.

So what is our #1 marketing tool? Amazingly it is something we've only had for ten years...our websites. Results of a user survey by ThomasNet were summed this way:

"Of course, competitive pricing, good customer service and high quality are a given, but the next single most important thing buyers mentioned is a detailed, user-friendly Web site. "
The article has lots of other handy tidbits from the survey:

Comments by users like this:
"Provide enough information within their Web site for me to make an educated decision-? comparative product details, listed prices, and list of distributors that I can purchase from if they don't sell direct."

This factual gem:
36% of the time users will seek out new suppliers for a new purchase.

Look at the top two of '10 Things Buyers Look For In a New Supplier'
1. Easy-to-navigate Web sites with accurate, detailed product and pricing information
2. Companies that are easy to find and have a strong Web presence

This shouldn't really be news to us B2B marketers...but after ten years, we may have grown complacent about our websites. From the details of this survey, I say our target audience has become even more discerning and faster to pass on poor (to them) websites. We can't become complacent!

Read more: It's Not Who You Know. It's Who Knows You

8 Comments:

  • At July 12, 2006 6:34 PM, Anonymous Anonymous said…

    Dave,

    Thank you for the blog. It is very insightful. I found your site through a search result on Google that showed an entry you had written a few years back: http://www.b2blog.com/2002/08/supplier-respondsgot-email-from.htm

    Related to your entry today and that old one, here is something I found that I thought you and your readers might also find beneficial:
    http://www.seoconsultants.com/marketing/industrial/ . It compares in summary the pros and cons of the major verticle industrial engines (GlobalSpec, ThomasNet, KellySearch, and many others).

    Similar to you, I am a marketing manager for a small B2B industrial components manufacturing company, located just outside of Chicago. I am currently evaluating industrial search engines for positioning our products, and as you can imagine there is much information to wade through.

    Only additions I would make to Mark's article are to include DirectIndustry.com and Alibaba.com to the lists. We advertise on DirectIndustry to promote our products, mostly for our European market -- Have had luke warm response here in the states but our sales guys in Europe like it in large part because our catalog of stuff gets presented in multiple languages. I have not really looking into Alibaba yet though too think it is more geared for non-US markets.

    The insight of your blog has really helped. Keep it going please!

    Thanks,

    Robert J.

     
  • At July 12, 2006 10:22 PM, Anonymous Larry Hendrick said…

    this makes me want to rethink everything.

     
  • At July 13, 2006 10:28 AM, Blogger Dave J. said…

    Robert--great to have you on board as a reader, and not to far away from me in Michigan! I'll have to blog about that SEO article.

    I sell specialized capital equipment and have the luxury of concentrating on North America, so directindustry and alibaba aren't attractive to me. They are interesting, tho.

    Larry--Can I really get you to rethink *everything*? ;-) For your type of business, I wouldn't think this applies nearly as much.

     
  • At July 14, 2006 2:20 PM, Anonymous Nancy Sagar said…

    Hey Dave -- another great article. I just referenced you and recommended your blog to our readers again. Hope they all sign up!

     
  • At July 14, 2006 5:54 PM, Blogger Dave J. said…

    Thanks Nancy. Your blog is growing quickly, according to Bloglines. And it deserves the attention.

     
  • At July 19, 2006 3:41 AM, Anonymous david said…

    We advertise on DirectIndustry to promote our products, mostly for our European market -- Have had luke warm response here in the states but our sales guys in Europe like it in large part because our catalog of stuff gets presented in multiple languages.

     
  • At July 28, 2006 4:57 AM, Anonymous Matt Powell said…

    Dave,

    A very intersting article. In fact, we recently conducted a survey amongst SMEs in the UK and found simliar findings. Corporate websites have become the most important means of promotion for all businesses - a fraction of the cost of other types of marketing, yet with an infinite audience. 90% of all SMEs in the UK have a corporate website - which amounts to around 4 million websites for SMEs alone!

     
  • At August 17, 2006 3:05 PM, Anonymous Salman said…

    Dave,

    Could you please tell me how SMEs (small and medium sized enterprises) of developing countries can increase their export or get new customers through B2B e-commerce?

    This answer will help me a lot.

    Look forward to hearing from you at your earliest convenience.

    Best regards-

    Salman

     

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