In the world of everyday products and services, or B2C, finding customers is a bit like fishing with a dragnet: you cast your net as wide as possible and hope for the best. Miss a few fish? No problem, there are plenty more in the sea. You target everyone and hope that a few people will bite.
B2B is different. Imagine fishing in a small lake where every fish has a name and you almost know them personally. You have fewer chances, but each one counts significantly. So, you need to know not only where the fish swim but also what their favorite snack is. One mistake, and you could permanently scare away an important fish. In the B2B world, where customers are not lying around for the taking, that’s a risk companies simply cannot afford.
And so, a different approach to lead generation is required.
In the B2B world, especially in sectors such as business services and industry, buying is often a real group decision. You’re not dealing with just one decision-maker; no, you get a whole committee of people with their own demands and questions. Think of the finance department that wants to know everything about costs, the technical people who want to understand the ins and outs of your product, and, of course, the management keeping an eye on the big picture. It’s a bit like performing for a very diverse audience: you need to captivate and convince everyone.
Then there’s the point that you’re not just picking a ready-made product off the shelves. No, what you offer often has to be specifically tailored to the company you’re selling to. That means not only knowing how your product works but also understanding how it fits within the broader operations of your customer. And because such a purchasing process takes longer, you also need more time to explain, adjust, and consult again. It’s really a matter of patience and a considerable dose of customization.
To effectively respond to the extended purchase cycle that is standard in B2B, you must first understand how it unfolds, and then provide the right information at every point during this customer journey. This means that you can start generating B2B leads when the customer is looking for information, but your offering should not aim to make a sale at that moment. Instead, offer a whitepaper or newsletter, for example, allowing the potential customer to gather the right information. This way, you ensure that your brand builds trust and makes it onto the shortlist when the purchase decision needs to be made.
In the B2B sector, especially in fields like business services and industry, building trust is not a ‘nice-to-have’; it’s an absolute necessity. These sectors are often more conservative and risk-averse because the decisions made here often have a huge impact on the company. Mistakes can be costly, both in terms of money and reputation. Therefore, winning trust has become a kind of ‘currency’ in the lead generation process.
But how do you build that trust? It certainly starts with a good product or service, but that’s just the starting point. In these sectors, customers want more. They want you to understand their business, to know the challenges they face, and to come with expert advice to address them. And not just that, they want to see evidence that your solution actually works. That’s why things like customer testimonials, case studies, and proof of previous successes are so important. These are the ‘references’ that give your customer the comfort to do business with you. Your added value is then measured not only by what you sell but also by what you contribute in terms of expertise, insight, and reliable results.