3 Ways B2B Buying Behavior Has Changed—Forever
It was July 2020—the middle of COVID Year 1—and the temperature had hit 95 degrees (F). Then, the AC on my beloved 2003 Toyota Highlander died. The cost to repair it was far more than the value of the automobile. I needed to buy a new car. But we were in the middle of the pandemic. Shopping for a car the “traditional” way was out of the picture. So, I did what every buyer was doing when shopping those days. I fired up my MacBook, launched Google Search, and started researching my purchase.
What B2Bs Need to Know About Their Buyers
A survey by Bain and Google of 1,208 people at U.S. companies who are involved in buying software, cloud hosting, hardware, telecommunications, logistics, marketing, and industrial equipment revealed a set of misconceptions among sellers about how buyers behave. Sellers don’t realize that 90% of buyers choose a vendor that was on a short list at the beginning of the sales process; they focus too much on high-level decision-makers, underestimating the number of people inside the buying company who have influence; they rely too much on digital channels, neglecting physical selling; and they don’t realize how much the product demonstration factors into buyers’ decisions
3 Imperatives for Engaging Today’s B2B Buyer
If you’re skeptical about whether you need to prepare for a new era, consider the story of Michael. Michael exemplified a veteran B2B salesperson. As a perennial top performer for twenty-five years in the pre-pandemic, in-person selling era, Michael was skeptical about whether he should embrace the concept of virtual selling when his company announced a work- from-home policy in March 2020.
A Guide to Buyer Enablement [Infographic]
Sales must help B2B buyers overcome the complexity of buying today by enabling buyers to complete each of the required jobs.
What is buyer enablement? Buyer enablement is the provisioning of information that supports the completion of critical buying jobs.