The rules of B2B marketing are constantly changing. What worked yesterday won't necessarily work today. . .or tomorrow. This blog presents information, opinion, and speculation about where B2B marketing is headed.
(The political backlash against ESG and other aspects of so-called "woke capitalism" is creating a conundrum for some marketers. On one hand, the backlash is real, and marketers would rather not attract the attention of anti-ESG partisans. On the other hand, recent research continues to show that a majority of people are concerned about the environment and generally support actions aimed at improving sustainability. In this post, I'll discuss the current state of support and opposition to ESG, and in my next post, I'll describe how marketers can make sustainability messaging more effective.)
The ESG Backlash is Real . . .
The political backlash against ESG, the practice of using environmental, social and governance factors to assess a company's performance and impact on society, is undeniable.
Earlier this year, President Trump issued an executive order requiring federal agencies to shut down diversity, equity and inclusion (DEI) initiatives, and end DEI performance requirements for federal contractors and grant recipients.
At least 21 US states have enacted anti-ESG laws in some form.
Several high-profile US companies - including Meta, Walmart, Target, McDonald's, Ford, Citi, Harley Davidson, and Tractor Supply - have scaled back or otherwise modified their ESG policies.
While various versions of "corporate social responsibility" have existed for decades, the modern ESG construct entered the business mainstream following the publication of an influential 2004 UN report titled "Who Cares Wins."
In the following decade, numerous research studies were published showing that sizable majorities of consumers and business buyers were placing great importance on the environmental and social track record of companies when making purchase decisions.
As a result, some marketing leaders became enamored with "purpose marketing" and began incorporating environmental and social claims and themes into their marketing campaigns.
It's not surprising that the current political environment is causing many marketing leaders to question the wisdom of using ESG-related messaging in their campaigns.
While a healthy dose of caution is warranted, most companies should not abandon ESG-related messaging altogether. That's because not all ESG-related marketing messages are equally polarizing.
But It's Not Universal
ESG is an umbrella concept that covers a wide range of issues and initiatives, and public attitudes toward those issues and initiatives vary greatly. So far, the most intense public opposition to ESG has tended to focus on social initiatives such as DEI.
In contrast, several recent research surveys have shown that most people are concerned about environmental issues and want to buy products and services that are environmentally sustainable. One of the more recent and most robust surveys I've reviewed is the "2025 Conscious Consumer Report" by Public Inc. (the "Public Inc. Survey").
The Public Inc. Survey
The Public Inc. Survey was an online survey of more than 3,000 adults (ages 18+) in the United States and Canada conducted by Ipsos on behalf of Public Inc. The survey was conducted July 11-24, 2004 among a nationally representative sample of 1.510 US adults and 1,508 Canadian adults. Survey data was weighted by age, gender and region using the latest available census data for each country.
The report states that the precision of the survey was measured using a credibility interval and that the survey is accurate (overall) to within +/- 2.0 percentage points, 19 times out of 20.
The results of the Public Inc. Survey reveal broad interest in environmental issues and widespread support for sustainability.
76% of US respondents agreed that climate change poses a serious threat
70% of US respondents said that companies should be doing more in terms of sustainability and ethical best practices
79% of US respondents believe that being purposeful in how they spend their money is one of the best ways to motivate companies to change
68% of all respondents agreed that sustainable products improve the health and well-being of their children and family
65% of all respondents agreed that sustainable products improve their own lives
58% of all respondents said they would pay more for products and services that are ethical and sustainable
Perhaps most important, fully three-quarters of the respondents identified themselves as environmentally conscious consumers.
At first glance, these survey findings suggest that using sustainability claims in marketing should be an easy decision. Unfortunately, however, these findings don't tell the whole story.
First, it's important to recognize that these findings may overstate the breadth (or at least the intensity) of public support for sustainability. And second, other findings in the Public Inc. Survey suggest that the sustainability claims marketers have been using have not been all that effective at driving increased sales of sustainable products and services.
I'll address these issues in my next post, and I'll describe four attributes that will make sustainability claims more effective at driving revenue growth.
(This month's Research Round-Up discusses the 2025 B2B content consumption report from NetLine Corporation. NetLine publishes this report annually, and it consistently provides a wealth of real-world insights about how business professionals actually consume marketing content.)
Source: NetLine Corporation
Virtually all B2B companies now use content marketing in several forms, so understanding how business professionals consume content has become critical to marketing success. The 2025 State of B2B Content Consumption & Demand Reportby NetLine Corporation provides valuable insights on this vital issue.
NetLine operates a content syndication platform, and this report is based on data from 7.9 million content registrations on the platform in 2024. The NetLine research is particularly valuable for two reasons.
First, it captures the real-world consumption behaviors of business professionals. The data used for the report was not derived from surveys or interviews, but from actual engagements with B2B content.
And second, the report is based on first-party data. The business professionals who use the NetLine platform voluntarily share information about themselves and the organizations they work for in exchange for access to the content resources available on the platform.
For these reasons, the report contains a wealth of detailed information about content consumption behaviors, and I encourage you to review the full 36-page report.
Content Consumption Continues Rising
As measured by registrations on the NetLine platform, overall B2B content consumption in 2024 increased 27% compared to 2023 levels. NetLine's data shows that total demand for B2B content has grown 84% since the 2019 edition of the research.
Content consumption by C-level executives is also still on the rise, growing 27% year-over-year. In 2024, C-level executives accounted for 13% of the total demand on the NetLine platform.
Demand for content about artificial intelligence grew dramatically in 2024. The explosive growth began in 2023 when demand for AI-related content increased 6.6x compared to 2022. In 2024, demand for such content increased 2.9x compared to 2023.
Most Popular Content Formats
The ten most requested content formats in 2024 were:
eBooks
Guides
Cheat Sheets
White Papers
Articles
Research Reports
Tips and Tricks Guides
Book Summaries
Webinars
Newsletters
In 2024, content registrations for eBooks increased 71% year-over-year, and the report observes that eBooks represented more than half of all content formats requested on the NetLine platform.
The report also notes that eBooks are a very efficient content format. Every eBook asset uploaded to the NetLine platform in 2024 generated 983 registrations. In contrast, white papers generated only 60 registrations per asset.
The Consumption Gap Widens
One of the more useful insights provided by the report relates to the consumption gap, which NetLine defines as the time between the moment a content resource is requested and the moment it's opened for consumption. This data point is important because it provides a guide for timing follow-up contacts with potential buyers. After all, it makes little sense to contact a potential buyer about a content resource before he or she has reviewed the content.
In 2024, the average consumption gap was 39 hours, up from 31 hours in 2023. The consumption gap has varied over the years. Before 2024, the largest gap recorded by NetLine was 33.3 hours in 2021, and the smallest was 27.1 hours in 2018. The lesson here is that you should wait at least two days before you try to follow up with people who have requested your content via NetLine.
Content Consumption and Buyer Purchase Intent
For the past few years, NetLine's research has suggested that the content format a potential buyer chooses to consume is a good indicator of purchase timing. In the latest analysis, NetLine identified five content formats that are more likely to be associated with a buying decision within the next 12 months - playbooks, infographics, case studies, trend reports, and buyer's guides.
One format that is notably absent from this list is eBooks. Despite being the most frequently requested type of content last year, eBooks were not strongly associated with shorter-term purchase intention. This shouldn't be surprising because most eBooks are designed to appeal primarily to potential buyers who are in the earlier stages of their buying journey.
*****
Again, the NetLine report contains several other valuable findings, and I recommend you take the time to review the full report.
Many marketing pundits are advising B2B marketers to connect with potential buyers on an emotional level. And at first glance, this advice appears to be sound.
In their often-cited paper, "The Long and Short of It," advertising effectiveness gurus Les Binet and Peter Field wrote: "Emotional campaigns . . . produce considerably more powerful long-term business effects than rational persuasion campaigns."
But emotional messaging alone is not a guarantee of marketing success. While most successful marketing messages will evoke an emotional or psychological response in potential buyers, not all messages that induce an emotional response will produce desired business outcomes. Here's why.
Emotional Marketing that Missed the Mark
Budweiser's 2015 Lost Dog Super Bowl Ad
Budweiser's Clydesdales have become one of the most iconic images in U.S. advertising. The Clydesdales debuted in a TV ad during the 1986 Super Bowl, and they've appeared in numerous Super Bowl ads since. Dogs (and puppies) have also been prominently featured in many of these classic ads.
Such was the case with the "Lost Dog" ad that aired during the 2015 Super Bowl. This ad featured the Clydesdales and an adorable yellow Labrador puppy. Here's the ad.
Source: TrueColors via YouTube
The Lost Dog ad took top honors in USA Today's Ad Meter poll for the 2015 Super Bowl and made Budweiser a back-to-back winner. The 2015 ad was a "sequel" to Budweiser's 2014 Clydesdale/puppy Super Bowl ad, which won the USA Today poll for that year.
Given the popularity of the Lost Dog ad, you would think Budweiser considered it an overwhelming success. Well, not quite.
In a 2015 article in Advertising Age(subscription required), Jorn Socquet, then the USA Chief Marketing Officer at Anheuser-Busch InBev, offered this assessment of Budweiser's 2015 Super Bowl ads: "Budweiser aired two very different spots in last February's Super Bowl, and we learned that content focused on the quality of our beer was most effective in generating sales."
Socquet went on to say that while everyone loved the puppies, "they have zero impact on beer sales. Those ads I wouldn't air again because they don't sell beer."
Coca-Cola's 1979 "Hey Kid, Catch" Ad
Coca-Cola's "Hey Kid, Catch" TV ad debuted in the fall of 1979 and was re-aired during the 1980 Super Bowl. It depicted an encounter between the Pittsburgh Steelers' Hall of Fame defensive end, "Mean" Joe Greene, and a young fan. Here's the ad.
Source: stiggerpao via YouTube
This ad ranks high on the emotional content scale, and it was highly regarded in professional advertising/marketing circles. The ad won a Clio Award for being one of the best television commercials of 1979, and it has been listed as one of the top ads of all time by multiple sources. The ad gained international notoriety when it was re-filmed in several other countries using local sports figures.
As with the Budweiser ad, you would think Coca-Cola viewed this ad as successful, but again, this assumption wouldn't be accurate.
Sergio Zyman was the Chief Marketing Officer of The Coca-Cola Company when the Hey Kid, Catch ad was aired. In his 1999 book, The End of Marketing As We Know It, Zyman explained his decision to pull the ad off the air.
"America loves it! People talk about it for weeks. The critics rave about it. . . The ad is so hot that Coca-Cola marketers all over the world want to translate it . . . The company should run it forever, right? Wrong. Coke doesn't run this ad forever. In fact, Coke pulls the ad altogether and launches a new campaign . . . Why would Coke do that? . . . The answer is simple. I know because I am the person who did it. My job as a marketer for The Coca-Cola Company was to get people out of their houses and into restaurants and stores to buy more Coca-Cola products - and the ad just wasn't doing that."
Why Didn't They Work?
What went wrong with these highly popular and critically acclaimed ads? Both were designed to touch viewers' emotions, and they clearly succeeded. So, why didn't they drive increased sales for Budweiser and Coke?
Why Motivation Is Critical
The short answer is that they were high on emotion but low on motivation.
The Budweiser and Coke ads illustrate a principle that is often underappreciated by marketers: Emotion can be a powerful tool in marketing, but emotional messaging without a motivational message won't produce the desired business results.
Basic concepts from the decision sciences explain why motivation is so critical to marketing success.
The Science of Motivation
Recent advances in the decision sciences have established that motivation is the primary driver of all human behavior.
The American Psychological Association defines motivation as "a person's willingness to exert physical or mental effort in pursuit of a goal or outcome." In a business context, a goal can be to solve a problem, satisfy a need, or get a particular "job" done.
As humans, we are motivated to pursue a goal because we expect to receive a reward if the goal is achieved. Neuroscience research has shown that the human brain has a "reward system" that's activated when our brain processes sensory inputs that signal a reward we value.
Research has also shown that our brain automatically scans our environment for information that aligns with our goals. So, in essence, our brain causes us to pay attention to information that's closely related to our goals.
Goals can be categorized in several ways, but two categories are particularly important for marketers. First, goals can be functional or psychological.
Functional goals relate directly to the core task or job a potential buyer wants or needs to get done. If my computer printer dies, my functional goal will be to determine what kind of printer I need and acquire a replacement. Functional goals can usually be described in terms of the features or attributes of an existing product or service category.
Psychological goals are more general and arise out of basic psychological needs that humans are always motivated to satisfy. Such basic needs include security (safety, trust, etc.), autonomy (success, superiority, power, etc.), and excitement (adventure, fun, etc.)
Goals are also either explicit or implicit.
Explicit goals are those we set and pursue at a conscious level.
Implicit goals operate at a subconscious level. We are motivated to pursue implicit goals even when we aren't consciously thinking about them.
Implications for Marketing
These principles of human motivation and decision-making have major implications for B2B marketers. The most important lesson is that the ability of any marketing message to resonate with a potential buyer is determined not by how emotional the message is, but rather by how closely the message aligns with the buyer's goals.
Therefore, your most critical job as a marketer is to craft marketing messages that will build mental associations between your company/brand/product/service and the goals of your potential buyers.
Using emotion in marketing messages is powerful because it makes your messages more memorable. That's particularly important in brand marketing because at any given point in time, most of your potential buyers, usually more than 90%, aren't actively engaged in a buying process.
You're communicating with these "out-of-market" buyers in the present, and you're hoping they will remember your message at some point in the future when they're ready to begin a serious buying process.
The bottom line is that effective marketing will convey the right motivational message in an emotionally engaging way.
An Example of Motivation Well Used
W.W. Grainger, Inc., the Fortune 500 provider of industrial MRO supplies, is currently running TV ads that illustrate how marketing messages can effectively tap into the goals that drive human motivation in an emotionally engaging way.
Several Grainger ads use the same overall theme, and some of the ads are available on YouTube. I've included links to a few of the ads at the end of this post, and I suggest you take a few minutes to view these videos. Here's one of the ads.
Source: Grainger via YouTube
To be clear, I have no relationship with Grainger, nor do I have any "inside information" about the strategy that led to the development of the ads. My comments are based on an analysis of the ads themselves.
The most important feature of all the ads is that front-line maintenance personnel are made the "heroes" of the narrative. The visuals show men and women in blue-collar working clothes, usually wearing hard hats, not executives or managers in business suits.
In the above video, the hero is portrayed as someone who always sees the big picture, not just a maintenance job, and who is capable of handling "whatever comes his way and has Grainger on his side."
This narrative appeals directly to the human psychological goals of being viewed as competent and having one's value to his or her organization fully appreciated. The ad also directly links Grainger to the achievement of those goals.
The tagline used in all of the ads - "For the ones who get it done" - captures the central theme of the ads in a memorable, concise, and effective way.
The key point illustrated by the Budweiser, Coke, and Grainger ads is: Emotion will make marketing messages memorable, but motivation is what makes them commercially effective.
Writing has been an integral part of my work throughout my professional career. I can't begin to calculate how many words or pages I've written over the past four-plus decades.
But even now, I regularly have questions about grammar, or style, or some other aspect of writing that I'm not sure how to answer. Over the years, I've assembled a small library of reference books to help me answer these questions.
I still have the Harbrace College Handbook I used in my undergraduate English course, and I frequently turn to Strunk and White's The Elements of Style. And, a couple of years ago, I added Ann Handley's great book Everybody Writes to my collection of go-to reference books.
I now plan to add Alan Barker's new book, The Complete Copywriter: The Definitive Guide to Marketing with Words (Kogan Page, 2025), to my library of writing resources. The Complete Copywriter is an in-depth guide to writing marketing content, and it should be required reading for anyone new to the craft.
Alan Barker is Managing Director of Kairos Training Limited, a UK-based consulting firm focused on developing creativity and communication skills. He also runs the copywriting masterclass offered by The Chartered Institute of Marketing, one of the UK's premier marketing professional associations.
What's In the Book
The Complete Copywriter covers a wide range of subjects relating to writing marketing content. The book is structured in six parts.
In Part 1 (Chapters 1-2), Barker discusses the attributes, skills, and habits needed to be a good writer, and he explains how copy (written content) works.
Part 2 (Chapters 3-6) describes the three steps essential to planning any form of copy - understanding and profiling the reader, articulating the argument or proposition the copy will express, and determining what voice the copy will use.
In Part 3 (Chapters 7-9), Barker explains how to structure copy for browsing readers and searching readers, and he devotes a chapter to the use of narratives (stories) in written content.
Part 4 (Chapters 10-1) introduces the reader to the fundamental principles and rules of syntax and grammar.
In Part 5 (Chapters 12-17), Barker describes how to develop a content strategy, and he explains how to create effective copy for several content formats, including websites, email, newsletters, press releases, and longer-form content such as white papers, blog posts, and thought leadership pieces.
In Part 6 (Chapters 18-19), Barker identifies the skills you need to be a successful copywriter, and he concludes the book with a detailed list of additional resources about copywriting and writing in general.
My Take
The Complete Copywriter will be a valuable resource for both beginning and experienced marketing writers.
For beginners, the book provides a thorough introduction to the craft of "marketing with words." Alan Barker writes clearly, and he makes the material in the book accessible to readers who don't have prior copywriting training or experience. He also includes numerous exercises throughout the book that should be particularly valuable for beginning copywriters.
The Complete Copywriter is also well-suited for beginning copywriters because it takes a broad approach to the subject. In the book's Introduction, Barker observed that most books about copywriting focus almost exclusively on advertising or sales copy, while marketing writers are now expected to produce several other types of content. This book focuses first on how to be a good writer and then discusses several specific content formats.
For experienced marketing writers, The Complete Copywriter will be an excellent reference book. Barker's treatment of content strategy and specific content formats is fairly basic, but I've found the chapters on syntax, grammar, and content structure to be useful.
So, whether you're a beginning or experienced marketing writer, The Complete Copywriter will be a useful resource.
Over the past several months, I've come to believe that we need a new operating model of B2B marketing, one that more accurately reflects how businesspeople actually make buying decisions. My conclusion is based on four proven truths about B2B buying.
At any given time, only a small percentage of a company's potential customers are actively engaged in a buying process for products or services like the company provides.
A buying trigger is almost always required to prompt potential buyers to initiate a buying process, and marketing activities alone usually won't be sufficient to trigger a buying process.
When a buying trigger occurs, most business decision-makers will create a mental list of potential vendors they believe are worth considering. This initial consideration set is formed before any research is done, and it's based on the mental impressions a buyer has formed from past interactions and experiences.
Most business buyers make most of their purchases from companies in their initial consideration set. (Bain & Co. and Google, 2022)
These ground truths reveal some of the major disconnects between current B2B marketing practices and the real-world behaviors of business buyers. Today, for example, many B2B marketing programs are designed to persuade potential buyers to begin a buying process, even though the evidence shows such programs are largely ineffective.
Companies are also spending substantial resources on programs designed to engage decision-makers who have already begun a buying process. In contrast, B2B marketers are investing far less in programs designed to get their company into buyers' consideration sets, even though that's often decisive for winning business.
The Real Goal of Marketing to "Potential Future Buyers"
If marketing can't usually persuade out-of-market buyers to begin a buying process, what should marketers try to accomplish with these individuals, and what kind of marketing works best for this purpose?
Numerous studies have shown that a strong brand will significantly influence the future decisions of out-of-market buyers, but marketers need more specific guidance to create effective programs for this audience.
To achieve success with out-of-market buyers, the starting point is to recognize that the people we call out-of-market buyers aren't actually "buyers" in any meaningful sense of that term. They may become buyers in the future, but they aren't buyers today. Therefore, they shouldn't be expected to behave like people who are actively engaged in a buying process.
In these circumstances, your ultimate objective when marketing to potential future buyers is to have your company included in their initial consideration set when they become active buyers.
To increase your odds of achieving that objective, you need to use marketing messages and tactics that will increase the mental availability of your company.
The concept of mental availability is closely associated with Byron Sharp and his colleagues at the Ehrenberg-Bass Institute for Marketing Science. In his book, How Brands Grow, Sharp defined mental availability as ". . . the propensity for a brand to be noticed or thought of in buying situations."
Mental availability is, therefore, different from simple brand awareness. It refers to the likelihood that a business decision-maker will think of your company when he or she experiences a buying trigger and decides to begin an active buying process.
Message Attributes that Boost Mental Availability
Your marketing messages must exhibit three attributes to create mental availability.
They must clearly link your company to the needs or challenges your potential buyers are most likely to experience.
They must be memorable. You're communicating with out-of-market buyers at a given point in time, and you're hoping they'll remember your messages at a future point in time when they perceive a need and are ready to begin a buying process.
They must be easy to consume, and most should be brief.* Remember that out-of-market buyers aren't actively looking for the information your messages are providing. So, they won't be inclined to spend much time or effort consuming content about a topic that (at the moment) isn't a high priority.
I discussed these attributes in more detail in this recent post.
The Takeaway
Initial consideration sets will include the companies that potential buyers mentally associate with specific needs. It's these associations that create mental availability. Therefore, your job when marketing to out-of-market buyers is to build and refresh the memory structures that link your company to the needs or challenges your potential buyers are most likely to encounter.
*****
*There are, of course, exceptions to every rule, and that applies to the rule that marketing messages for out-of-market buyers should be brief and easy to consume. High-quality thought leadership content can also be very effective with out-of-market buyers. In the 2024 B2B Thought Leadership Impact Report by Edelman and LinkedIn, over 75% of the surveyed B2B decision-makers and C-suite executives said that a piece of thought leadership content has led them to research a product or service they weren't previously considering, and 54% said that an organization's thought leadership content has prompted them to research the organization's offers or capabilities.
Image courtesy of Mike Lawrence (www.creditdebitpro.com) via Flickr (CC).
(This month's Research Round-Up discusses the 2024 B2B Buyer Experience Study by 6sense. The 6sense study provides detailed insights regarding how business buyers make purchase decisions in real-world scenarios. This makes the study report a must-read for anyone involved in B2B revenue generation.)
Based on a survey of 2,509 B2B buyers located in North America (37.46%). EMEA (29.77%), and APAC (32.76%).
To qualify for the survey, participants must have bought at least $10,000 USD in annualized value within the 24 months preceding the survey. The average value of actual purchases made by the survey respondents exceeded $200,000 USD.
More than 95% of the respondents were manager-level or above.
Survey respondents were drawn from five industry verticals, with the largest cohort working at tech and software companies.
6sense released the study report on October 9, 2024; the report doesn't state when the survey was in the field.
The 2024 B2B Buyer Experience Study by 6sense is one of the most detailed examinations of B2B buying behavior that I've seen recently.
The study is based on a survey that produced more than 2,500 qualified respondents, and the researchers used various statistical techniques to analyze the survey data.
The study findings, combined with the insights from the statistical analysis, paint a picture of B2B buying that differs markedly from the conventional view. Therefore, this research should prompt B2B marketing and sales leaders to reexamine their strategies from the ground up.
The Basics
The 6sense researchers asked participants about several issues that earlier studies have also addressed. For example, the study found that for these survey respondents:
The length of the average buying cycle was 11.5 months.
The average number of individuals in the buying group was 10.9 people.
The average number of prospective vendors considered by the buying group was 4.6.
On average, the survey respondents were about 70% through their buying process before they engaged directly with representatives of prospective vendors.
These findings are similar to the results of numerous earlier research studies.
Extra Insights
What makes the 6sense study particularly valuable is that it also provides insights about issues that haven't been frequently addressed in previous studies. For example:
92.6% of the surveyed buyers had prior experience with at least one of the prospective vendors they considered. 84% had experience with the vendor that was ultimately selected, while 8.6% had prior experience with only a "losing" vendor.
Buyers initiated contact with prospective vendors 81% of the time.
In 85% of the buying scenarios represented in the survey, the buying group had their purchase requirements nearly or completely set before initiating contact with prospective vendors.
When Buyers Pick a Favorite
One of the most interesting topics discussed in the 6sense study report relates to when B2B buyers identify a preferred vendor.
At several places, the report's authors assert that most B2B buyers have identified a preferred vendor before they contact any prospective vendors. For example, on page 23 of the report, the authors write:
"Buyers devote nearly 70% of their buying journey to identifying a short-list of potential providers. They review content, have internal meetings and consult with outside resources to establish their requirements and agree on a shortlist and a favored vendor. Only then do they reach out to vendors to confirm that choice, starting with the preferred vendor. They end up buying from the initially preferred vendor 81% of the time."
While I suspect this statement is probably accurate, it's not clear from the study report that the survey data directly supports this conclusion.
The 6sense researchers asked survey participants ". . . whether their first interaction with a provider organization was with the ultimate winner or instead with one of the other providers." Eighty-one percent (81%) of the respondents reported that their first vendor contact was with the ultimate winner.
The focus of this question is who buyers contact first. However, it's not clear from the study report that the survey specifically asked participants (a) whether their buying group identified a preferred vendor before initiating content with prospective vendors, or (b) what percentage of the time the preferred vendor turns out to be the winning vendor.
I'm not sure why the researchers didn't ask these questions, and I hope they will be included in future editions of this research.
*****
The 2024 B2B Buyer Experience Report provides great insights into B2B buying behavior. I encourage you to take the time to review the full 65-page report.
An old business adage states, "People buy from people." Other versions of the adage include: "People buy from people they like" and "People buy from people they trust."
Whatever version, the adage makes the point that human relationships are vital to business success, just as much in B2B as in B2C.
This is the central theme of a new book by Dr. Ryan O'Sullivan. In Building B2B Relationships: How to identify, map and develop key relationships to win more business (Kogan Page, 2025), Dr. O'Sullivan presents a compelling argument for the importance of high-quality person-to-person relationships in B2B, and he provides a detailed process for building such relationships intentionally and strategically.
Ryan O'Sullivan is a senior business executive, board member, business advisor, and university guest lecturer. He is currently a Global Account Manager at Introhive, a relationship intelligence and mapping company. Previously, he was a Regional Head (EMEA) at Infosys, a global IT services firm. Dr. O'Sullivan earned his PhD from the University of Portsmouth in 2022.
What's In the Book
Building B2B Relationships is structured in three parts.
Part 1 (Chapters 1-3)
In this part, Dr. O'Sullivan explains what trusted relationships are and why they matter in business. He also discusses the three attributes that are necessary to create trust - ability, integrity, and benevolence - and he describes how trust forms between organizations. Lastly, he introduces relationship mapping and explains why it's important.
Dr. O'Sullivan clearly states his view on the importance of relationships when he writes:
"It is my view, based on many years of experience, that strong relationships lie at the heart of successful B2B interactions. In a world where there is access to so much data and information, it is becoming harder and harder for many suppliers to offer a truly unique, differentiated product. Relationships are by definition bespoke and personal (even though of course they are often built in a business context), and thus continue to present the supplier with the opportunity to offer something different from their competition."
Dr. O'Sullivan also makes it clear that his book is focused on the importance of leveraging existing relationships. He writes:
"So, while there are many people out there today who can advise you on cold outreach strategies, this book takes a very different tack. It is focused on strategies to leverage your existing relationship network and will help to open your peripheral vision beyond what you might consider to be 'your network.'"
Part 2 (Chapters 4-6)
Part 2 of Building B2B Relationships describes Dr. O'Sullivan's three-step process for mapping relationships for business purposes, and he provides a simple but persuasive argument for each step.
Step 1 is the initial identification and mapping of key stakeholders (". . . if you don't know who the key people are, how can you influence them?")
Step 2 consists of research and intelligence gathering about the priorities of key stakeholders and other relevant factors (". . . if you know who they are but don't know what is important to them, why will they give you their time?")
Step 3 involves the development of a detailed strategy for engaging the key stakeholders (". . . if you know who they are, and you know what is important to them, who is the best person to engage, through what channel, and with what message?")
Part 3 (Chapters 7-10)
Throughout Building B2B Relationships, Dr. O'Sullivan focuses on three specific use cases for relationship mapping - winning key deals, managing key projects, and managing key accounts.
In Part 3 of the book, he devotes a separate chapter to each of these use cases, and he concludes the book with a chapter discussing how to implement relationship mapping and how to take it to the next level.
My Take
Astute businesspeople intuitively understand the importance of creating and sustaining good customer relationships. But despite this recognition, relationship management doesn't always get as much attention as it deserves.
Many of us tend to think that strong customer relationships will naturally develop if we do the rest of our jobs well. We don't usually treat relationship management as a distinct "thing" that, in some circumstances at least, calls for a distinct, intentional strategy.
Building B2B Relationships provides a detailed roadmap for developing and executing an intentional relationship management strategy. As noted earlier, the book focuses on three use cases - winning key deals, managing key projects, and managing key accounts.
What these use cases have in common is that they are strategically important and can have a significant impact on a company's financial performance. Dr. O'Sullivan's relationship mapping process is clearly best suited for these kinds of game-changing scenarios.
Building B2B Relationships is well-written, but it often reads a little like an instruction manual. This is not a criticism of the author's writing style; it's simply a reflection of the book's subject matter.
Dr. O'Sullivan includes four case studies in the book, which help readers better understand how his relationship mapping process works in the real world. More case studies would have made the book even better.
Building B2B Relationships will be a valuable resource for anyone in a customer-facing role at a B2B company. The book will be particularly valuable for anyone involved in developing or managing a strategic account-based marketing or key account management program. If you're in such a role, you should put Building B2B Relationships on your reading list.
Over the past two-plus decades, account-based marketing (ABM) has evolved from a niche marketing discipline used mainly by large IT services firms to become a core component of marketing at many B2B companies.
The Information Technology Services Marketing Association (ITSMA) (now part of Momentum) coined the term "account-based marketing" in 2003, and ABM soon became a central focus of its research and consulting.
ITSMA defines account-based marketing as ". . . a strategic approach to designing and executing highly-targeted and personalized marketing programs to drive business growth and impact with specific, named accounts." [Source]
The popularity of account-based marketing has grown dramatically because B2B marketers perceive that ABM is highly effective. In the 2023 Global State of Account-Based Marketing survey by ITSMA and ABM Leadership Alliance, 81% of the respondents said ABM programs deliver a higher return on investment than "traditional marketing initiatives."
As originally conceived, ABM was viewed as a special approach to marketing that would be used with a company's most valuable customers. Within a few years, however, the successes achieved by early ABM adopters prompted marketers to look for ways to scale account-based marketing so that it could be cost-effectively used with a broader range of accounts.
In its 2016 Account-Based Marketing Benchmarking Survey, ITSMA documented the rise of three distinct types of ABM - strategic ABM (a/k/a one-to-one ABM), ABM Lite (a/k/a one-to-few ABM), and programmatic ABM (a/k/a one-to-many ABM).
This three-part framework has become the standard way to describe account-based marketing, but the reality today is that one-to-few and one-to-many ABM aren't materially different from state-of-the-art conventional outbound B2B demand generation marketing.
This is not true for strategic ABM, which embodies a very different marketing approach. With strategic ABM, marketing activities and programs are components of a multi-faceted management plan for a single customer account, and they are customized for that account.
Strategic ABM Still Rules
While one-to-few and one-to-many ABM have broadened the reach of account-based marketing, the linchpin of any successful ABM initiative is still strategic ABM.
Strategic ABM remains the most widely-used type of account-based marketing, and most ABM thought leaders and practitioners agree that strategic ABM - if done well - will generate a higher ROI than one-to-few or one-to-many ABM. Put simply, it's hard to have a high-performing ABM program if don't master strategic ABM.
The functional centerpiece of a successful strategic ABM initiative is the account management plan. With strategic ABM, a separate plan is developed for each account in the initiative. This is the first distinguishing characteristic of strategic ABM. It's truly one-to-one.
An effective strategic ABM account plan is also distinguished by the process used to develop it and the content it contains.
Developing the Plan(s)
Strategic ABM is often implemented in companies that already have a key account management (KAM) program. Key account programs have existed in some large B2B companies since the late 1950s. Early KAM programs were usually led by a sales executive, and their primary focus was managing sales opportunities.
The discipline of key account management has evolved substantially over the past six decades. Many companies now have well-developed KAM programs that are designed and executed by cross-functional account teams, and led by dedicated, senior-level account managers.
Today, the best KAM programs are focused on identifying longer-term growth opportunities in the account and maintaining the long-term health of the customer relationship, as well as on shorter-term sales opportunities.
In these circumstances, strategic ABM is essentially synonymous with key account management. A marketer becomes a member of the account management teams (usually no more than 5) and brings marketing expertise to the formulation of the account management plans. ABM activities are fully integrated into the account management plan so that the company has a single, cohesive strategy and plan for each key account.
Content of the Plan(s)
An effective strategic ABM/KAM account management plan is essentially a full-fledged business plan that is focused on an individual customer. The objective of the account planning process is to formulate a strategy and set of actions that will (a) protect the current revenue you are earning from the customer, and (b) enable you to grow the revenue you earn from the customer.
I used the term "business plan" intentionally because an effective strategic ABM/KAM plan is similar to the kind of business plan you would develop for any strategic move, such as the introduction of a new product or service, or an adjacent market expansion.
You can easily find dozens of business plan templates by performing a simple Google search. The framework that I've found works well for an account management plan contains six major components.
Customer Description
The objective of this portion of the plan is to provide a comprehensive picture of the customer's business operations, competitive position, organizational structure, and financial performance.
This portion of the plan should describe:
The market(s) the customer serves and the economic attractiveness and growth potential of those markets
The products and/or services the customer offers
The types of individuals and/or organizations the customer primarily serves
The customer's principal competitors
The customer's current and recent financial performance
The customer's business strategy and strategic priorities
Any recent or planned structural changes (expansions or contractions)
The customer's senior leadership team
If the customer is a public company, much of this information, including financial performance data, can be obtained from the customer's regulatory filings. If the customer is privately owned, financial data can be more challenging to obtain.
A mindset that I've found useful when preparing this portion of an account plan is to imagine that you are a stock analyst who is preparing an evaluation of the customer for investment purposes.
Current Relationship
This portion of the plan is where you describe your current position with the customer. What products and/or services do you sell to the customer? How long have you been doing business with the customer? How has the revenue you earn from the customer changed over the past 2-3 years? Who are your principal competitors for the customer's business? How strong is your current relationship with the customer? Most importantly, what "share of wallet" are you currently earning from the customer?
Relationship Objectives
This portion of the plan details your objectives for the relationship with the customer. Most of these objectives will be about increasing the revenue you earn from the customer, and those objectives are usually best expressed in terms of increasing the share of customer spend you earn in relevant areas.
You may also want to include more "operational" objectives. For example, if the customer has several business units and you are currently doing business with only some of those business units, you may have an objective to win business from a new business unit.
Threats/Barriers to Success
This is where you identify the events or circumstances that could throw a wrench into your plan. Obviously, you can't foresee every possible threat or barrier, but if you have deep customer insights and a realistic picture of your company's capabilities, you can identify many of the plausible events or circumstances that could derail your success.
Measurable Outcomes and Milestones
Every account management plan should include specific outcomes that are quantitatively measurable. Obviously, these outcomes will include your ultimate relationship objectives. For example: "Increase the revenue we earn from XXX by 15% in our next fiscal year." You should also include measurable outcomes that are milestones or leading indicators of progress toward your ultimate objectives.
Action Plan
This portion of the account plan details the actions you will take to achieve your relationship objectives. Your account plan should identify who is responsible for each action and specify a target completion date. This level of detail will enable the members of your account management team to organize their work, hold each other accountable, and track progress toward success.
Final Thoughts
It should be clear that developing this type of account business plan isn't a trivial undertaking. It requires a significant amount of time and effort, especially the first time it's done for a customer. That's why strategic ABM/KAM initiatives should be reserved for your most valuable customers.
The deep customer insights and level of focus resulting from the account planning process also go a long way to explaining why well-designed and executed strategic ABM/KAM programs deliver outstanding value and ROI.
(This month's Research Round-Up features two recent surveys that examine the attitudes and plans of senior marketing leaders. While both surveys included B2B and B2C respondents, they provide several interesting insights particular to B2B marketing leaders.)
A survey of 1,934 chief marketing officers from 13 countries (22% from the United States)
Respondents represented more than 14 industry verticals
65% of the respondents worked at hybrid B2B/B2C companies, 19% were with B2C companies, and 16% were with B2B companies
More than half of the respondents (54%) were with companies having at least 250 employees
The survey was conducted in August 2024
The Merkle survey was designed to capture the attitudes and plans of global CMOs regarding several topics. One group of questions addressed economic and business conditions, and the surveyed CMOs were optimistic about both. For example:
88% of the respondents said the economy is in good or excellent shape
86% expected the economy to get somewhat or significantly better over the 6-12 months following the survey
87% said their company's revenue had increased compared to the previous year
89% expected their market budget to increase in the year following the survey
When the researchers asked survey participants what business results they are primarily responsible for as marketers, the top two results identified by the respondents were customer satisfaction and advocacy (54% of respondents) and growth of customer base (53%).
CMOs at B2B companies were 17% more likely than the average to say they are accountable for growing the customer base. B2B CMOs were also 6% more likely than the average to say they are accountable for median and long-term brand health.
The survey also asked participants what they expect the primary role(s) of the marketing function to be over the following 12 months. The top two roles identified by the survey respondents were understanding consumer/market trends (38% of respondents) and delivering business growth (36%).
B2B CMOs were 8% more likely than the average to identify delivering business growth as a primary role and 20% more likely than average to identify ensuring effective brand management as a primary role.
These findings are particularly interesting given that B2C marketers are usually seen as more focused on branding than B2B marketers.
A survey of 260 marketing leaders at U.S. for-profit companies
97.2% of the respondents were VP-level or above
58.3% of the respondents were with B2B companies
The survey was in the field September 4-25, 2024
"The CMO Survey" has been conducted semi-annually since 2008. It's directed by Dr. Christine Moorman and sponsored by Deloitte LLP, Duke University's Fuqua School of Business, and the American Marketing Association.
For several years, each edition of the survey has asked participants about overall economic conditions, current marketing spending patterns, and future spending expectations. Here are some of the findings on these topics from the Fall 2024 survey.
Economic Outlook
The Fall 2024 survey found that marketing leaders were somewhat less optimistic about the economy than a year earlier. The survey asked participants to rate their optimism regarding the overall U.S. economy on a 100-point scale, with "0" being the least optimistic, and "100" being the most optimistic. The mean rating given by respondents was 63.8, down slightly from 66.7 in the Fall 2023 survey.
The survey also asked if participants were more or less optimistic about the U.S. economy compared to the previous quarter, and 37.0% of the respondents reported being more optimistic. That was down significantly from 49.0% in the Fall 2023 survey.
Marketing Spending
In the Fall 2024 survey, respondents reported that marketing spending represented 7.7% of total company revenue, which was down from 9.2% in the Fall 2023 survey.
Respondents also said that marketing spending increased 5.8% over the 12 months preceding the survey, and they expected spending to increase 8.6% over the 12 months following the survey. In the Fall 2023 survey, respondents expected marketing spending to grow 7.2% over the following 12 months, which shows that forward-looking expectations aren't always accurate.
The relative change in spending on digital marketing vs. traditional advertising remains significant. In the Fall 2024 survey, respondents reported that spending on digital marketing grew 11.1% over the prior 12 months. In contrast, respondents said they expect spending on traditional advertising to increase by only 0.8% over the 12 months following the survey.
An Emphasis on Brand Building
The survey also asked participants how much they expected their marketing spending to change over the following 12 months in five specific areas. The fastest-growing areas identified by respondents were marketing activities relating to new product introductions (8.1% expected growth) followed by brand building (7.0% expected growth).
One notable finding is that B2B marketers expect spending on brand building to grow at a faster rate than B2C marketers. Respondents with B2B product companies expected spending on brand building to grow 9.5%, and respondents with B2B services companies expected 6.2% growth. This compares to expected growth of 5.7% at B2C product companies and 4.8% at B2C services companies.
These findings suggest that B2B marketers are recognizing the importance of building strong brands.
If your company isn't in a potential buyer's initial consideration set, your odds of making a sale are no greater than 17%.*
To improve your chances of being included in buyers' initial consideration sets, you must increase your company's mental availability with prospective buyers.
Boosting mental availability requires marketing messaging and content that links your company to buyer needs and is memorable and easy to consume.
Why Initial Consideration Sets Matter
Creating an initial consideration set is an integral part of most B2B buying decisions, but most popular models of the B2B buying process ignore this pivotal step.
When a business person perceives a need to address an issue that may require a purchase, about 80% of potential buyers will create a mental list of companies they feel are worth considering before they do any research. And 90% of those buyers who purchase will ultimately buy from a company in their initial consideration set. (Bain & Co. and Google, 2022)
A potential buyer's initial consideration set is based on mental impressions that he or she has formed through touchpoints such as previous experience with a company, marketing messages, news reports, and conversations with colleagues and friends.
So, the perceptions that determine which companies will be included in the initial consideration set exist in the buyer's mind before he or she starts an active buying process.
What Is Mental Availability?
To increase the odds that your company will be included in your buyers' initial consideration sets, you must reach those buyers with the right messaging and content before they become active, in-market buyers.
More specifically, your objective is to increase your company's mental availability with your potential buyers.
The mental availability concept has been popularized by Byron Sharp and his colleagues at the Ehrenberg-Bass Institute for Marketing Science. In his landmark book, How Brands Grow, Sharp provided a simple definition of mental availability: "Mental availability/brand salience is the propensity for a brand to be noticed or thought of in buying situations."
Mental availability is different from general brand awareness. It describes the likelihood that a potential buyer will think of your company in the context of a specific buying situation.
Many marketing thought leaders argue that effective brand marketing is the key to creating mental availability. While this is generally true, it doesn't provide specific guidance about what kinds of messages and content will be effective for increasing mental availability.
Messaging and content must meet three requirements to boost mental availability.
Link Content to Buyer Needs
First, the messaging and content must clearly link your company to specific buyer needs. As noted earlier, when a potential buyer perceives a need that may require a purchase, the buyer will create an initial consideration set of companies that he or she believes may be able to address the need.
The initial consideration set will include companies the potential buyer mentally associates with the specific need he or she is experiencing. It's these associations that create mental availability. Therefore, your job is to build and refresh the memory structures that connect your company to the specific needs your potential buyers are most likely to experience.
You can't predict what specific need will prompt a particular buyer to move into the market. Therefore, to increase mental availability, you need to build and refresh memory links that will connect your company to all the important buyer needs your company can address.
With broader mental availability, you increase the likelihood that your company will be included in the initial consideration sets of a larger number of potential buyers.
Make Content Memorable
Marketing messaging and content must also be memorable to increase mental availability. When your goal is to boost mental availability, most of the potential buyers you are targeting won't be ready to begin a buying process.
You communicate with those potential buyers at a given point in time, and you hope they will remember your message at a future point in time when they perceive a need and are ready to start a serious buying process.
As discussed earlier, your messaging and content must clearly link your company to the needs your potential buyers are likely to experience, but how you express those associations is critical to making your messaging and content memorable.
In B2B, we tend to describe the benefits of doing business with our company in rational, "businesslike" terms - and sometimes in technical, quantitative, or economic terms.
To make your messaging and content more memorable, you need to capture in a visceral way what a potential buyer with a particular problem is experiencing, and you need to describe how your company can make that problem "go away."
Make Content Easy to Consume
The third important requirement for content that will effectively increase mental availability is that it must be easy to consume. By "easy to consume," I mean that the content doesn't require potential buyers to expend much cognitive energy.
This attribute is important because most members of your target audience are not actively engaged in a buying process and therefore won't be inclined to spend much time and effort consuming content that (at the moment) isn't a high priority.
As a practical matter, this means that most mental availability messages and content should be relatively short. That's why the 30-second or one-minute TV ad has been a staple of brand marketing for decades.
In B2B, we have the leeway to use somewhat longer content to build mental availability because most business people believe that keeping current on industry trends and innovative business practices is important for their career progression. Therefore, many business people will be willing to invest more time and effort to consume content if it's relevant to their work or career objectives.
The Bottom Line
If you want to drive revenue growth, you need to get your company into the initial consideration sets of more potential buyers. To accomplish this goal, you must boost your company's mental availability with potential buyers, and that requires the right kind of marketing messaging and content.
*****
*Research has shown that between 40% and 60% of prospective B2B deals do not result in a purchase. (Dixon and McKenna, 2022) Research has also found that about 80% of B2B buyers have a set of prospective vendors in mind before they do any research. And 90% of those buyers ultimately buy from a vendor in their initial consideration set. (Bain & Co. and Google, 2022)
Let's be optimistic and say that only 40% of prospective deals do not result in a purchase. Of the 60% that do result in a purchase, 48% of the prospects will create an initial consideration set (60% x 80%), and 43% will ultimately buy from a company in the initial consideration set (48% x 90%). That leaves only 17% of prospects that will buy from a company that was not in the initial consideration set. (60% - 43%).
*****
Image courtesy of Affen Ajlfe (www.modup.net) via Flickr (PD).
Effective content has become critical to business success, as companies have faced successive waves of disruptive digital technologies. Therefore, the planning, creation, and management of content needs to be a core business competency.
The Content Advantage provides a detailed, evidence-based roadmap that business leaders and their teams can use to formulate a compelling content vision and strategy, design and implement efficient content operations, and optimize the performance of their organization's content.
Colleen Jones can speak with authority about content-related topics. She is the founder and president of Content Science, a professional services firm that works with companies in diverse industries to successfully implement content-dependent initiatives such as AI-enabled digital transformation, marketing automation and content technology selection and implementation, and customer experience improvement.
Before founding Content Science, Jones served as the fractional head of content and Mailchimp, and she has also led teams at Cingular Wireless and AT&T to improve customer experience across various touchpoints.
What's In the Book
The Content Advantage is about planning, creating, and managing all forms of content, or at least all forms of customer-facing content. It's not a book that focuses on content marketing per se, nor does it focus on specific types of functional content - e.g. marketing content, sales content, or customer success content.
Colleen Jones forcefully argues that content needs to be a core business competency and that content management should be a distinct business function.
Jones makes her views on this subject absolutely clear when she writes:
"This point bears repeating: every company will need content as a core competency. And that competency will frequently cut across business functions . . . I now believe strongly in content as its own competency and that, at ideal maturity, it does not belong in other competencies or functions. Content is not design. Content is not marketing. Content is not product. Content is not information technology or engineering. Content is not support. Content is not public or media relations. Content is important to such competencies and functions, but content ultimately belongs in content." (Emphasis in original)
The topics covered in The Content Advantage will be familiar to readers with extensive content experience, but Jones brings a fresh perspective to many of these topics. Here's a brief overview of the major topics covered in the book.
Chapters 1-2 - How digital technologies are continually changing the requirements for business success, why many traditional approaches to content don't work, and why effective content is essential if a company wants to survive and thrive in a digital world.
Chapters 3-5 - Why having a vision for your content is important, and how to construct a compelling content vision and effective content strategies and tactics.
Chapters 6-7 - Understanding and leveraging the five dimensions of content effectiveness, and how to use principles of rhetoric and psychology to make your content more influential.
Chapters 8-9 - Why "content intelligence" is important, how to set up a content intelligence system, and how to use your content intelligence system effectively.
Chapters 10-11 - How to model the maturity of your content operations, and how to take your content operations to the next level.
Chapters 12-13 - What a "content system" is, why content systems matter, the three content systems that are critical for all companies, and how to successfully start an end-to-end ("E2E") content initiative.
Chapter 14 - An overview of the types of artificial intelligence, and a review of the important issues to consider when incorporating AI into your content operations.
My Take
The Content Advantage is an excellent book that will be a valuable resource for anyone involved in planning, creating, or managing content for their company.
Colleen Jones speaks authoritatively about content, and the book includes several graphics and tables that contain findings from research conducted by her firm, Content Science.
The book is well-organized and clearly written. It isn't exactly "light reading," but Jones' writing style makes the material approachable and easy to understand. She also includes several real-world examples in the book, which makes the material more engaging and relatable.
Jones makes a strong argument for placing content management in a separate organizational function with dedicated leadership and resources. However, this approach will create some challenges.
The most significant challenge is determining how the relationships between the "content department" and other functional business units will be structured and managed. For example, how can company leaders ensure that their content strategy is aligned with their marketing strategy? Who ultimately decides what types of content will be developed, and what messaging will be embodied in those content assets?
These types of issues are critically important, and they aren't easy to resolve. If anything, this reveals the vital role that content plays in business success. And that is the core message of The Content Advantage.
The marketing model currently used by most B2B companies has significant flaws, and most of the tactics used to improve B2B marketing performance have been only modestly successful. What's really needed is a different paradigm of B2B marketing, one that is grounded in a clear, evidence-based understanding of how business buyers actually make purchase decisions.
Embracing a new marketing model will be difficult for some B2B marketers. To understand why, consider the following thought experiment.
*****
Suppose you've recently been hired to be the CMO of a B2B company, and you've been tasked to reinvigorate the company's marketing efforts. Through market research, you've identified several attributes of the potential buyers in your company's target market.
Most of your company's potential buyers are not actively evaluating products or services like your company offers at any given time.
A trigger of some kind is almost always required to motivate the potential buyers to begin a buying process. In this context, a trigger is an event that causes a potential buyer to feel a need or desire to fix a problem or seize an opportunity.
Except in rare cases, marketing messages or content alone will not cause potential buyers to begin a buying process.
When a trigger event occurs, most of your company's potential buyers quickly create a mental list of companies, products, or services that they believe are worth considering, i.e. an initial consideration set.
This initial consideration set is created before most potential buyers have conducted any research and is based on the mental impressions they've formed from a variety of touchpoints, such as their past experiences with companies, products or services, marketing messages, news reports, and conversations with colleagues and friends.
Almost all of your company's potential buyers make almost all of their purchases from companies that were in their initial consideration set.
Given these buyer attributes, what marketing strategy would you use?
*****
The buyer decision-making attributes described in this thought experiment make two strategic decisions rather clear. First, it would make no sense to emphasize marketing programs designed to persuade potential buyers to initiate a buying process because such programs would be largely ineffective.
Second, it's clear that a primary focus of your marketing strategy should be to increase the likelihood that your company will be included in the initial consideration sets of as many potential buyers as possible because that greatly increases your odds of success.
These strategies differ significantly from what most B2B companies are currently doing. Today, most spend a lot of money on marketing programs designed to entice potential buyers to start a buying process, while they spend far less on programs to get their company into buyer initial consideration sets.
This disconnect is important because research has shown that the buyer decision-making patterns used in our thought experiment accurately describe how many business buyers actually make purchase decisions.
What Really Triggers a Buying Process?
For example, in a 2021 survey of business decision-makers by WSJ Intelligence and B2B International, researchers asked survey participants what kinds of events triggered their decision to search for a new vendor/solution provider. The following table shows the percentage of respondents who selected each of 12 trigger events.
These survey results illustrate that a wide variety of events can trigger a B2B buying process, but they also show that events involving the consumption of marketing/sales/news content (shown in red in the table) won't be sufficient to trigger a buying process in most cases.
Why Being On the "Day-One List" Matters
Research has also confirmed the importance of being included in a potential buyer's initial consideration set.
In 2022, Bain & Co. and Goggle surveyed 1,208 people at U.S. companies who had been involved in buying several kinds of business products and services. From 80% to 90% of the respondents said they had a set of vendors in mind before they did any research. And 90% of those respondents said they ultimately chose a vendor that was on their day-one list.
The military concept of "decisive point" is a good analogy for the role and importance of the initial consideration set. A decisive point in a military operation is "a geographic place, key event, critical factor, or function that, when acted on, allows commanders to gain a marked advantage over an adversary on contribute materially to achieving success." [Joint Publication 5-0, Joint Operation Planning (Washington, D.C.: U.S. GPO, 2011), GL-8.]
Being included in a potential buyer's initial consideration set is a decisive point in B2B marketing because companies that are in the initial consideration set have a significant advantage over those that aren't.
Two Critical Changes
The findings of these research studies (and others) make it clear that we need to change some long-standing and widely-held beliefs about how B2B marketing can effectively drive strategic business outcomes.
First, we need to recognize that marketing's ability to persuade potential buyers to begin a serious buying process is limited at best.
And second, we need to focus more of our efforts on ensuring that our company is included in our potential buyers' initial consideration sets. After all, you've got to be invited to the party before you can be asked to dance.
I've been advising and supporting B2B companies for over twenty-five years. I work with clients to evaluate major strategic issues and initiatives, develop effective business and marketing strategies, and implement operational improvement programs.
In the B2B marketing space, my primary focus areas are strategy development, content development, marketing process improvement, and marketing performance measurement.
Posts
