What is B2B Marketing? – Definition, Metrics for B2B Marketing, Five Metrics
B2B marketing Definition
These are the acronyms of B2B marketing, ” that is, from company to firm. Therefore, this type of marketing is one that not directs to the final consumer but other companies.
They either sell them raw materials or other products they need (for example, office supplies). In business-to-business marketing, the customer is interested above all in optimizing their purchasing process.
And usually, the transactions take a higher value than in the consumer market. Due to these characteristics, B2B marketing relies on rational arguments.
What matters is not the emotions but the characteristics of the product or service. The B2B market is “thirsty for knowledge” and wants information as complete as possible through formats.
Such as videos, downloadable, and catalogs. In short, it’s about explaining the objective characteristics of the product in an extensive and details way.
Service marketing Write For Us is a concept that focuses on the activity of non-physical intangible assets.
What are Metrics for B2B Marketing?
- The next question to answer is how to measure the success of b2b marketing campaigns. And it’s not an easy question: according to the recent study by Marketing Profs.
- And only 21% of marketers can measure the return on investment of the content campaigns.
What are Five Metrics to Start Measuring Results in B2B Marketing?
1. Email Opening Rate
- This metric mainly focused on knowing how good our headline is: manage to get our main customers?
- If we use the duplicate titles on our blog and website and in our emails, we can get an idea of the success on all our platforms.
2. Share on Social Networks
- We take already managed to attract the attention of our target audience, but this is useless if our content does not add value to them.
- One way to objectively measure the value we bring to our users is through the number of posts shared on social networks. If they are interested enough to share it, we are on the right track.
3. Percentage of Output
- Our content adds value to our audience, but it must also relate to our company’s mission. It’s useless to take the highly successful post if users did not continue browsing our website.
- So it’s worth finding out which pages take the highest bounce and which are the last ones visited before leaving.
4. Lead Conversion
- The next step is to convert the people who consume our content into leads. To do this, we need to convert them into leads and leave the data, for example, in exchange for the free ebook.
- The definitive metric is that to measure the result of the marketing strategy is essential to establish the connection with sales. And Only then can we know the return on investment of our actions.
Also Read: What is Content Marketing, and what is Need? – Advantages, Types
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