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Finding the right message for B2B decision makers
New research from McKinsey & Company reveals a gap between the messaging themes that B2B companies communicate and the attributes most valued by B2B buyers. While most B2B companies emphasis themes like corporate social responsibility, sustainability, and global reach their target audience is most influenced by messages about honest and open dialogue, responsible supply chain management, and specialist expertise. In addition to this gap, the research also shows a lack of differentiation among B2B brand messages: Most B2B companies are communicating the same themes.
Read MoreEntering new B2B technology markets and the planning fallacy
When B2B technology vendors enter new markets they often find that their success falls short of their expectations. Some of this is due to their go-to-market strategy, competitor actions and unpredictable market changes. However, many technology vendors fall victim to the planning fallacy – the tendency for individuals and organizations to under estimate challenges and to over estimate their chances of success. A useful for tool for mitigating the planning fallacy is reference class comparison.
Read MoreRelevant messaging in a changing IT outsourcing landscape
IT organizations are becoming more mature users of outsourced services and delivery models. Isurus’ research across multiple technology categories shows a shift in how IT evaluates outsourcing options and its use of various models (offshore vs. domestic, in-house vs. outsourced, on-premise vs. offsite hosting, etc.), and these trends are also evident in research conducted by CIO Magazine, Forrester, and others.
Read MoreSometimes your channel is your brand
“There is very little loyalty left. Manufacturer X is mercenary. They just want to make money, and I’m mercenary. In other words, Manufacturer X doesn’t care about me, and I don’t care about Manufacturer X. They just make a good product.” This quote from a recent study sums up the state of many of the channel relationships we see across a range of technology and industrial B2B markets.
Read MoreWhy likability matters
Likability is also one important criterion we use to test advertising. Even as advertising and advertising research have become much more sophisticated over time, likability continues to be a useful predictor of effectiveness.
Read MoreMarketing and selling to the reptilian brain
Tim Riesterer’s recent HBR blog post about stimulating the customer’s “lizard brain” to make a sale correlates with Isurus’ work on messaging and sales effectiveness. Riesterer points out that most sales messages fail to compel buyers to move away from the status quo because our “lizard brain”—the brain stem and other structures responsible for our survival instincts—prefers safety and avoids risk. Implicit in this message is the idea that a purely logical message often isn’t enough to drive change. To make a sale that breaks the status quo, the sales message must appeal to the lizard brain.
Read MoreCultural Lenses
Most US based marketers are aware that they need to take cultural differences into account when they extend their products into new regions around the globe. What they sometimes miss is that even with the United States different market sectors often have unique cultures that inform the decisions they make regarding business strategies and investment.
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