b2b marketing strategies – PayU Blog https://payu.in/blog Mon, 01 Aug 2022 14:41:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://payu.in/blog/wp-content/uploads/2020/05/favicon_index-1.png b2b marketing strategies – PayU Blog https://payu.in/blog 32 32 B2B Lead Generation Strategies for Businesses https://payu.in/blog/b2b-lead-generation-strategies-for-businesses/ Thu, 28 Jul 2022 13:48:00 +0000 https://payu.in/blog/?p=11721 B2B marketers use b2b lead generation to drive potential buyers to their business organically. The process includes several inbound marketing strategies that help create awareness, visibility, and interest from prospects...

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B2B marketers use b2b lead generation to drive potential buyers to their business organically. The process includes several inbound marketing strategies that help create awareness, visibility, and interest from prospects in a specific target audience. Search engine optimization, social media posts, and blog posts are examples of lead generation methods. Online businesses use PayU to accept and process payments from other businesses and customers.

B2B Lead Generation Strategies

The best way to increase sales is to modify the strategy according to your industry, product and buyer. The sales and marketing teams experiment and learn new ways to generate B2B sales. Some B2B lead generation strategies are:

  1. Run A/B tests on critical pages

Hundreds of visitors browse websites for various purposes. B2B companies can make changes according to the visitor’s activity and check if there is an increase in the website’s performance. Making changes or redesigning the website’s web pages may convert more visitors to leads.

  • Use social proof to earn buyers’ trust

Social proof is a potent part of almost every B2B leaf generation strategy. Buyers may be doubtful about the products and services of a company, and therefore they’ll try to find social proof for making a thoughtful decision about the purchase. The more social proof gathered on the website, the easier it would be to build trust.

  • Omnichannel marketing

Omni channel marketing is among the best methods of B2B lead generation. With omnichannel marketing, all the branding and marketing efforts are combined and create a user-personalized and brand-consistent environment.

With this, a company can put the product or service in front of the customer in multiple areas. Customers could see the product recommendation in a blog post or an ad on their social media channels.

  • Marketing automation

There are many marketing automation tools and platforms that help to execute an omnichannel marketing strategy easily. You can use these tools to manage all your channels in one place, also you can create customized campaigns for all of them.

It is easier to segment your leads using marketing automation and target the leads with the most relevant content.

  • Personalize your cold emails

Cold emails are very effective in lead generation. About 71 per cent of the buyers want to hear from the seller while they explore a new product or idea. You can find relevant leads in your database of email contacts, but the real trick is to engage them.

One solution is to improve the quality of the email you are sending and the targeting you have done. The most important part of an email is the subject lines; make sure it’s engaging, creative, and addresses the needs of your target.

  • List your B2B product in online directories

You can use online directories and listings to list your B2B products and generate more leads. Online directories and review websites provide customers with information and build trust uniquely. Thus, list your business in as many relevant directories as possible. When the prospects are searching for similar businesses, they could find you.

Conclusion

Lead generation is vital for any business, but it could be difficult for b2b companies. With the right strategy, such as creating valuable content, using effective marketing strategies and targeting the right audience, you can succeed in generating leads regardless of the market conditions. However, lead generation is half the task, and the other half is to convert the leads. To convert the leads, you need to make compelling offers to the targeted audience.

FAQs

What is a B2B lead generation?

Ans. B2B lead generation is the process where a company identifies potential customers for its products and services. It is an important activity for the marketing and sales team. B2B is different from B2C, where companies target their customers directly.

What are the benefits of lead generation?

Ans. Lead generation will help you in creating brand awareness. People often shop with brands they know about and trust. It increases sales opportunities by building a good relationship with your target audience. It also costs less than other forms of advertising.

Why is B2B lead generation important?

Ans. B2B lead generation is necessary for the success of the business. It is important because it discovers your total addressable market, gives you accurate contact data, increases conversion rates, builds brand awareness, helps to know your customer, etc.

What does B2B stand for?

Ans. B2B stands for business-to-business. It is a type of electronic commerce where the exchange of products and services takes place between businesses and not between businesses and customers.

What are efficient lead generation strategies for B2B marketers?

Ans. The effective lead generation strategies are optimizing content strategy, using social selling, using paid ads, listing your b2b product on online directories, etc.

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B2B Marketing Strategies To Drive Sales https://payu.in/blog/b2b-marketing-strategies-to-drive-sales/ Sat, 11 Jun 2022 14:31:00 +0000 https://payu.in/blog/?p=11586 Marketing is an ancient, evergreen process without which the existence of you and your product in the market is not known to the potential consumers. Businesses need different products and...

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Marketing is an ancient, evergreen process without which the existence of you and your product in the market is not known to the potential consumers. Businesses need different products and services to function, which they cannot develop or manufacture on their own. For example, an auto company purchases small components for its cars from several third-party vendors and assembles them in its workshop. The company then pays shipping and transportation charges to transport the cars across the country.

Marketing helps in this brand awareness about your product and services to other potential companies who are on the lookout for innovative, problem-solving products and services. You can easily convert potential clients into your loyal consumer base by employing the correct marketing tools and strategies.

And all of this starts by developing the right B2B (business-to-business) marketing strategies to reach out to companies that need your product or service. So let’s understand the importance of B2B marketing strategies.

Why are B2B marketing strategies required?

  • A B2B market base is quite different from a B2C (business-to-customer) market. Therefore, marketing strategies must also vary in line with the customer base. The potential customer base is quite significant in a B2C market vis a vis the B2B space. For example, clothes or toothbrushes are required by all individuals and have high demand and a high customer base. But a high-power drilling machine or custom-made compact  X-ray machinery for a clinic, or custom-made software development for a medium-scale company is required by very few people. So, developing the marketing strategies keeping the customer profile in mind will help you reach out to the relevant customers and help establish long-term business relations.
  • In the past, B2B marketing essentially focused on one-on-one interaction to sell products and services. Sales officers had targets to pursue prospects and convert them to customers. But complex digital transformation over the past two decades has enhanced the scope of B2B marketing activities. To keep pace with this digital growth, you need to invest heavily in the various modes of online B2B marketing, including social media, web-based, email and content marketing, to stay ahead and achieve more significant ROI.
  • With digital transformation and cloud-based data storage, marketers today focus on extracting the most from the data by using various tools and technologies. This will help you supply products to keep pace with the demand, better understand consumer behaviour, and build long-term relationships with customers.

In short, new-age B2B marketing strategies are the need of the hour. 

New Age B2B marketing strategies of 2022

The worldwide pandemic and ever-changing consumer demands have revolutionised the marketing strategies for B2B companies in 2022. With the popularity of WFH and the constant shift in consumer behaviour, B2B companies need to find their place in these emerging environments. Below we will discuss a few B2B marketing trends of 2022 and how companies can leverage them to devise winning marketing strategies.

  • Email marketing– Although a time-tested method used at the early start of the century, email marketing holds the same relevance even today. Thanks to smartphones and mobile data,  B2B companies still prefer email as a marketing communication tool. Email marketing will be here to stay as it helps brand awareness and customer retention quickly, thus ensuring higher ROI.
  • Blog posts and video marketing– Informative blog posts have been a trend for over a decade and still have effective reach. But in 2022, video marketing will set a new trend. Millennials who are heavily dependent on digital platforms are a new age B2B customers. The love for information at their fingertips has increased the visibility of videos, making them an impactful method to create a buzz. According to a report by Cisco, videos will take over 82% of the online traffic in 2022. Video marketing attracts potential customers worldwide in a short span of time, thus making it a lucrative option for businesses. More than 84% of the video viewers say that they are more likely to buy the product after seeing the online video of the product. This B2B marketing trend will surely rise and shine.
  • Mobile Apps- The world wide web is here to stay. So is the mobile. Many B2B companies are using mobile apps to sell their products and services and giving special discounts or coupons to their users. In the year 2022, mobile apps will gain more popularity as they are faster and more user-friendly, making them the ideal platform to share company information, upcoming events and promotional strategies. They offer the same features and content as that on a website, thus focusing on customer experience enhancements.
  • Content marketing and advertising– Content writing has recently gained immense popularity. In the year 2022, customer-centric digital content marketing will gain popularity. Social media platforms like LinkedIn, Facebook, Instagram, and Twitter are becoming trending marketing platforms for B2B companies to advertise. For example, Shopify, an eCommerce company, helps build and customise the content by providing relevant tools to display content on various platforms like web, mobile, or other online marketplaces.

Conclusion

However, there’s no compulsion to choose every method, you can pick the method that best suits your business needs or use them in tandem to achieve your objectives. 

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