Jon Miller
Former CMO, Demandbase
Most demand generation marketers tend not to think much about branding. But your brand can have a massive impact on the success of all aspects of your go-to-market (GTM).
Put simply, without good brand support, even the greatest GTM programs will struggle to hit their goals.
That’s why a Smarter GTM™ strategy begins with the smartest thinking about brand generation, not just demand generation. And as we’ll see, for B2B companies that means creating your brand on a foundation of trust.
B2B buyers are still people. People are emotional. And emotions impact economic decision-making.
We know B2B buyers are overwhelmed with choices (not only which vendor to work with, but also what content to read, what events to attend, and what campaigns to respond to). And the fact that B2B buyers have emotions means that no matter how disciplined a buying process is, they will use emotionally driven heuristics to simplify these complex decisions — often choosing the vendor that seems “safest.”
In fact, whether the buyer realizes it or not, the decision is often made long before the buying process is completed. And when this happens, even subconsciously, much of the buying process ends up being an effort to justify the initial emotional decision.
B2B marketers can and should tap into this by appealing to the emotional side of their prospects, as well as their rational side. This is where branding comes in, because brands inherently operate on an emotional level by stimulating the amygdala portion of the brain (part of the reptilian limbic system).
When looking to buy something, we balance the pleasure of the prospective possession with the pain of acquiring it.
In B2C marketing, marketers often capitalize on the anticipation of positive emotion by appealing to aspirational feelings such as desire. In contrast, the strongest B2B brands capitalize on the avoidance of negative emotions. This is because there is an asymmetry between the upside and downside of B2B purchases.
The buyer does not experience the full benefit of the solution directly and may not be rewarded for making a good purchase, but a bad purchase can destroy the buyer’s reputation and damage job security.
B2B brands can tap into this by building trust in the buyer’s mind. The classic example is “nobody ever got fired for buying IBM.” One way to achieve trust is by being a dominant leader in your category (or being seen as such). Having a strong company purpose and values helps as well, as long as you always act authentically and in a consistent manner.
A great way to build a brand of trust is to become a trusted advisor via thought leadership.
Applying all this is straightforward, and yet so many companies don’t follow these basic principles in their content marketing:
Jeff Bezos said: “Your brand is what other people say about you when you are not in the room.”
When we are uncertain about how to act, we look to others for signals. If it feels like everyone is choosing one vendor, then we feel pressure to jump on the bandwagon — even if it’s not the right choice for our business.
Combine that with snap decisions based on heuristics, and it’s no surprise that a lot of B2B decision-making ends up looking opaque — the buyer may have already decided (perhaps subconsciously) for or against you before you even started the process.
This is why social proof is so important. The term was coined by Robert Cialdini as part of the six key principles of persuasion in his (awesome) 1984 book Influence: The Psychology of Persuasion, namely: reciprocity, scarcity, authority, commitment, liking, and consensus (social proof).
The main categories of B2B social proof are:
Conversations about your products and your industry are happening, online and offline, both visibly and beyond your view. Your customers, prospects, partners, and other influencers are sharing their opinions and recommendations, and as my old boss used to say, “They’re either for you or against you.”
So how can we ensure our community is for us? How can we nurture these conversations to generate the social proof our brand needs?
The number one thing is to deliver a great customer experience. Have a good product that solves a real problem and is easy to use. Make it painless to do business with you. Provide great service. If you truly deliver a great experience, positive conversations will follow.
But there’s much more to word of mouth than just “create a great experience” and wait. Go-to-market teams can also amplify word of mouth! One of the best examples of this comes from my old company, Marketo (now Adobe) and their Marketing Nation program.
Jon Miller
Former CMO, Demandbase
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