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Seven Ways B2B Tech Buying Behavior is Changing [Research]

Webbiquity

Buyers now consistently rely on five top sources of information–yet vendors typically concentrate on only two of these. Per the report, “The top five tactics vendors use to engage buyers are different from buyers’ top five information sources. Both vendors and buyers use demos and vendor/product websites.

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Future of B2B Demand Generation: Trends On the Horizon

Binary Demand

reveals that B2B buyers value third-party interactions, like customer references and expert consultations, 1.4x more than digital supplier interactions for affirming value. 67% of the buyer journey happens on digital channels. 32% note that targeted ads positively influence their view of vendors.

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B2B vs B2C Marketing: 10 Key Differences Every Marketer Should Know

Webbiquity

This typically takes more time than in the case of individual consumer purchases where one person makes a simple decision based on their own needs and wants. Purchasing Habits Customer purchasing habits differ significantly between B2B and B2C environments.

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How Younger Generations are Disrupting B2B Buying

Zoominfo

In fact, 90% of Gen Z and Millennial survey respondents say they were dissatisfied with a vendor, compared to 71% of Gen X and Baby Boomer respondents. Brand advocates are people who already use your product or services and voice their love of your product on social media channels to help grow new customers.

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The Impact of Peer Engagement on The Customer Buying Journey

Vision Edge Marketing

Most business leaders and Marketing and Sales professionals today understand the impact that peer reviews and stories make on the customer bying journey, including the B2B purchase journey. 84% of B2B buyers are now starting the purchasing process with a referral, and peer recommendations influence more than 90% of all B2B buying decisions.

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What is account-based marketing today and how has the space evolved?

Martech

Factors driving changes in ABM include shifts in buyer preferences and pre-purchase behavior, as well as the development of more sophisticated technology and data products that enable marketers to analyze behavior, identify in-market audiences, and craft experiences for a buying group or its individual members. The vendors respond.

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How B2B Purchasing Decisions Have Changed

MarketJoy

Long gone are the days where buyers relied on salespeople to be their sole education channel. As a marketer or salesperson, how can you use these tools and channels to your advantage? Usually, you’ll have to get buy-in from every decision maker before a purchasing decision is made. Group Purchasing Dynamics.