Tuesday, 17 February 2015

Understanding the difference between B2B and B2C Marketing


B2B vs B2C marketing


There is a visible difference between marketing to a consumer (B2C) and marketing to a business (B2B). However if you’re still selling a product personally experiences shows that the difference between these two types of markets runs deep. While dealing to a B2B market you will realize that you will notice that these businesses work hard to streamline the buying process in order to save time and money. This explains why a B2B purchase is based more on logic and consumer’s purchase is based more on emotion.

It is quite evident that the cost of sale to B2B market is more expensive and typically higher than B2C market. The easiest way to explain this is that a B2B transaction often takes more consideration.

Let explain these two a bit further.

Marketing to B2B

When you are marketing to a B2B you want to focus on the logic of the product. You do this by focusing on the features of the product. There is little to no personal emotion involved in the purchasing decision. You want to focus on understanding the organizational buyers and how they operate within the confines of their organization's procedures. The B2B market has a thirst for knowledge and they are information seekers. 
Be more in-depth with your marketing materials. Your most effective marketing message will focus on how your product or service saves them time, money and resources.

Your business-to-business market is more interested in the logic behind your product. They will want to hear more about the features and how it will help them in saving time, money or resources.

Marketing to B2C

When you are marketing to a consumer you want to focus on the benefits of the product. Their decision is more emotional. Consumers are different in that they demand a variety of distribution channels for convenience, not so with the B2B market. Consumers are less likely to be interested in a lengthy marketing message. They will want you to get right to the point. Consumers don't want to work to understand your benefits; instead they will want you to clearly point out the benefits to them. Your most effective marketing strategies will focus on the results and the benefits that your product or service will bring to them.

Your business-to-consumer market purchases more on emotion. They are more interested in the benefit of the product. They will want to hear more about how their product or service helps them and what benefits it brings to them personally.

For example consider this: My product is lotion.

My lotion will moisturize the skin and relieve itching skin.
If I have a B2B client they will be most interested in the feature of the client which is moisturizing the skin. If I have a B2C client they will be most interested in the benefit which is relief of itching skin.
We will be most effective in marketing if we understand what both markets need in order to make a decision.

You may also like :

No comments:

Post a Comment

8 Study Hacks to Improve your Memory

                         We all know that good memory is really important for doing well in exams. However, most of the students are unaw...