Video 9 – Understanding Complex B2B Sales George Szanto IBMS Semester 6b Fall 2013 Outline of Topics • What are complex B2B sales – a definition • New B2B purchasing realities • Current problems & challenges facing B2B eMarketeers Learning Objectives • Understand the characteristics defining complex B2B sales cycles • Name 2 – 3 different kinds of buying center roles commonly encountered in complex B2B sales • Explain briefly how recent online B2B purchasing behavior has changed the nature and focus of corporate marketing and sales functions • Give some examples of challenges or problems facing eMarketing practitioners in 2013 What is a Complex B2B Sale • • • • • Product/Service difficult to comprehend Influences buyer’s corporate strategy, tactics Personal risks to buyer’s reputation, status Long decision cycle, 6 months or more 4 – 10, or more, people involved on buyer’s side • Sometimes requires or implies long(er) term relationship with vendor Examples of Buying Center Roles New Purchasing Realities • Shift of B2B to self education • Target communications to wherever prospects spend time online • Focus on attraction not capturing prospects New Purchasing Realities (2) • Problem for buyers isn’t finding products or services online • Problem is delivering outcomes, results that they are asked for! Problems in B2B Corp. eMarketing • Many companies do not work in structured ways – 68% no sale funnel – 61% send leads directly to sales – 79% don’t score leads – 65% don’t nurture leads • Fortunately –not my work experience the past 12 yrs. in NL Problems in B2B Corp eMarketing Thank You Please attempt the online quiz associated with this lecture. Also, you are expected to contribute to the online discussion question concerning this topic posted on the ibmsem.org website.