B2B Exchanges Evolved Over Time
February 12, 2025
Brand Equity is the value and strength of the Brand that decides its worth. It can also be defined as the differential impact of brand knowledge on consumers response to the Brand Marketing. Brand Equity exists as a function of consumer choice in the market place. The concept of Brand Equity comes into existence when […]
There are many benefits of strategic management and they include identification, prioritization, and exploration of opportunities. For instance, newer products, newer markets, and newer forays into business lines are only possible if firms indulge in strategic planning. Next, strategic management allows firms to take an objective view of the activities being done by it and […]
Competence Based Management is comparatively a modern method to find on the means by which firms achieve excellent performance and also more important sustain that good performance. The significance of this method lies in the fact that it can provide a theoretical explanation about the way in which firms will be able attain and also […]
The main purpose of marketing research is to lower the uncertainty and risk in marketing decision-making. To achieve this, several stages are followed which are depicted in the flow diagram below. Let us look at each stage meticulously. The research process begins with a brief from the client. Client may find a research partner if […]
We are living in the high tech times. Technology and changing economy have changed the rules the way a business is done. Business organizations have to tune in to various markets and know the customers well. The successful companies are those who have been able to anticipate the customer need and innovate future products leveraging […]
Business marketing refers to the sale and purchase of goods and services between two businesses.
Let us understand the complete process of Business to Business Marketing
No client would like to invest in your brand unless and until it stands apart from the rest. Your products and services must stand apart from the rest to be an instant hit among clients. No amount of convincing helps in business marketing. Be very sure about your brand. You yourself need to believe in your brand for others to believe in the same.
If your organization sells Dell Laptops to other organizations it would be really nice if you also use the same. Carrying a Lenovo laptop while pitching for Dell laptops might not go very well with the client.
Give something of value to your client.
Make a nice presentation of your offerings. Do not make a confusing presentation. Get some brochures, pamphlets; write-ups printed which can be circulated among your clients. Understand how your products and services would benefit your clients. Think of innovative ways to make your brand popular and easily acceptable. Run contests, give add on benefits, prizes to clients to make your brand stand out. Promote your product through social networking sites-facebook, Linkedin and even twitter.
Choose the right mode of communication. Remember mass mailers or bulk SMses are not applicable in business to business marketing. Carefully prepare your client list. Make sure your client list has the basic columns like name of the concerned person, designation, office address, contact number, email id and so on. Add remarks column as well for you to write comments after every meeting or discussion. Try to browse the websites of your potential clients. It will help you during meetings as well.
Call up the client and try to seek an appointment for a meeting. Before going for the meeting, you should also send information about your organization and products through email for the client to go through it once. Never send general emails. Address the client by his/her name. Once you send an email, call up the client and find out whether he/she has received the mail or not?
Always go well prepared for your meeting. Take all necessary documents along with you. The client can ask you anything; after all he would be investing in your products! You can’t complain! Learn to be a good and patient listener. Do not interrupt while the other person is speaking. Let him finish first.
Being rigid does not work in business to business marketing. One needs to be flexible to some extent. Remember your client is king and you just can’t annoy him if you really wish to survive in the trade.
Be prompt in your actions. Don’t keep on waiting for approvals from higher authorities or mails from other departments. Call them immediately and get things done at the earliest. There is no dearth of other organizations for your client.
Provide the best price to your client. Don’t think your client would not find out what your competitor is offering. If need be immediately take approvals from your reporting boss and try to close the deal as soon as possible.
Don’t forget your client once the deal is closed. Call him or visit him once in a while. Wish him on his birthdays or other important functions. He will always be loyal to you. Ask him to write a testimonial for your organization. It will help you attract new clients.
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