The Power of Search Within a Complex Sales Cycle
Are Businesses Too Slow to Adapt?
When the Internet first started taking hold in the late 90’s, the sites that were best known were retail sites. Could it be that’s still influencing our perception of who should advertise online? Or is it simply that it’s easier to continue down a path that’s well-known and comfortable (traditional advertising and marketing), versus taking a chance on something that’s less familiar, but may ultimately be yield better results? Whatever the reason, we now know that online marketing, and specifically search engine marketing, is highly effective in driving sales for businesses with complex sales cycles.
The Facts about BtoB Search Engine Marketing
According to a 2004 StatMarket report, 63.9% of BtoB users make
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Only search engine marketing has the remarkable ability to put your product, services and offerings in front of people at that crucial time when they are interested in what you offer and are open to listening to what you have to say.
Taking Advantage at Every Stage
Every sales cycle — whether it’s days, weeks or months — goes through a variety of stages, from inception to close. Understanding how to market your business online positions you to take advantage of these stages and create leads every step
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1. Stage 1 - Create Awareness
Let’s assume your sales rep has made contact with a potential customer. Ask yourself, is he/she educating this potential customer about your specific brand or the value of your industry as a whole? Either way, if the information is new to them, the rep is creating an awareness that didn’t exist prior to the sales call.
This is your rep’s first opportunity to place your business squarely in front of the potential customer, since they’ll likely search for both your company as well as your industry online.
2. Stage 2 - Internal Discussions and Due Diligence
At this point, the potential customer is going to take the following steps:
Determine if
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So, your sales rep has either initiated a sales cycle that you may ultimately close, or lose. If your competitors are marketing online and you aren’t, or aren’t doing it effectively, you may have just driven business to their site as your potential client researches your industry.
That was your first opportunity to either:
Impress a potential client by appearing online during their search;
Lose a potential client to a competitor, even though YOUR sales rep created the awareness of your product or service;
Be the company that
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3. Stage 3 - Serious Interest is Generated, and Research and Information Gathering Begins
Once a company has determined that services or products “like yours” may be suitable for them, it’s during this stage of the sales cycle that you have the greatest opportunity to positively impact the decision making process.
Online marketing positions you to attract qualified leads to your site from:
Those researching your competition
Those researching your offerings
Those ready to buy
This also has the added benefit of shortening your sales cycle since, in many cases, your sales reps will be speaking with knowledgeable qualified leads who are closer to
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4. Stage 4 - Short List is Created and Decision is Made
When potential customers are creating a short list, online marketing greatly increases your odds of being included on that list. If you don’t appear during their search, it makes it very difficult for them to know you’re out there. And that’s your last chance to make an impression before they decide on a supplier.
Roxanne Lott has successfully brought her deep understanding of media and marketing to her clients at Imerex ( http://www.imerex.com). With over a decade of experience in New York City at the prestigious J. Walter Thompson Advertising (a division of WPP), and ABC Television Network (a division of the Disney Corporation),
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Imerex, Inc. is an online marketing firm located in Naples, Florida.