I write about the three topics that I am most passionate about; Sales, Marketing and Social Media. These topics are covered from my experiences in outside sales and marketing. My objective is to use my expertise to help business and the individual.
Social Networks are places where people congregate; making them great sources of Market Research and Revenue. As a result, Social networks are looking for new revenue streams. The latest revenue channel for them is E-commerce.
Facebook is partnering with Shopify to launch Facebook shops. The social network is the latest to get in on the E-Commerce business.
Last year at SMX East, Google and YouTube shared how they are allowing people to shop online for products. Google also shared people’s buying behavior. I have included parts of the article below.
In Google’s Keynote, I learned how businesses can get an edge during the holidays. I also learned of Google’s plan to use Google Images and YouTube for E-Commerce. Google is also allowing businesses to use location-based Ads in Google Maps.
The key insights of the presentation were:
1. According to Google most shopping visits start online.
2. When diners search for a great place to eat the searches are probably happening on a smartphone.
3. When people are online in cars, more than half of them are searching for information on a mobile device making localization and targeting important.
4. 2/3’s of shoppers say that online video has given them insight and inspiration to make purchases.
5. Shoppers use at least 3 channels or more when shopping.
6. Brands need to provide an omnichannel channel experience all year, especially during the holidays.
7. Sales are happening online and offline. As a result of this shift, Brands need to serve customers on the channels of their choice.
Would you shop on a Social Network? Share your thoughts.
I write about the three topics that I am most passionate about; Sales, Marketing and Social Media. These topics are covered from my experiences in outside sales and marketing. My objective is to use my expertise to help business and the individual.
When marketing and selling a product or service, it is important to ask two questions to understand your buyers.
1. What motivates people to buy a product or service?
2. How do people find a product or service to buy?
I surveyed my LinkedIn audience for answers.
1. What motivates people to buy a product or service?
People buy a product or service to: solve a problem, meet a need, or fulfill a want or desire. 49% buy products and services to solve a problem, meet a need, or fulfill a desire. 27% wanted to solve a problem, 16 % want to meet a need, and 8% wanted to fulfill a want or desire.
2. How do people find a product or service to buy?
Buyers find and buy products or services through word of mouth, social media, online search, and,/or product reviews. Of those surveyed, none said they found or bought products from seller calls or emails. No one found or bought products at trade shows or events; this is probably because of the pandemic.
63 % found or bought products from social channels or word of mouth, and 37% found or bought products or services from online searches or product reviews.
These findings suggest businesses need to create products and services that are customer-centric. Businesses need a great reputation to survive in a competitive marketplace.
Answering these questions will help businesses develop, create, and, position products and services customers want to buy.
There are four major types of buying cycles. Business to Business, Business to Consumer Business to Government, and Direct to Consumer. It is important to know the difference because it is tempting to think one size fits all especially when certain products like computers and tech are sold to all of these verticals.
How are they different?
B2B vs B2C
To start, the buyer is different. In B2B, buyers work at companies. They usually have a big budget to make purchases but there are multiple decision-makers and stakeholders. Sales cycles are longer and buy-in is needed by a variety of stakeholders, not just the end-user. Products cost more in many cases than B2C. An example of this is the purchasing of SAAS.
In B2C the buyer is purchasing products for their home and recreation. There are fewer stakeholders and shorter sales cycles but their budgets are smaller than B2B in many cases. An example of this is buying consumer electronics.
Some products overlap between the two verticals in e-commerce models; the difference is the sales cycle length and how products are acquired. Buyer needs and pain points differ between B2B and B2C.
I surveyed my audience on LinkedIn; asking them how B2B and B2C products differ from one another. 82 % said that they differed in who the buyer is, the sales cycle, pricing, buyer needs, and pain points.
B2C VS D2C
I surveyed my audience on LinkedIn about the differences between B2C and D2C products. 64% of those surveyed said that B2C and D2C products differ by buyer pain points needs who the buyer is sales cycle, pricing, and who the buyer is. 27% said these products differed on sales cycle and pricing. Only 9% said that these products differed in terms of the buyer. However, there are similarities between B2C and D2C products. These products are purchased in the home in many cases and the sales cycle is shorter than B2B or B2G. They fall into the category of consumer goods. B2C and B2C are overlapping through e-commerce and subscription business models.
B2B VS B2G
When I asked my audience about the difference between B2B and B2G products. 67% of those surveyed said that the products differed by buyer needs, pain points, sale cycles, pricing, rules, regulation, and who the buyer is. 33% said these products differed by sales cycle, price, regulations. When selling products to governments, it is important to understand the regulations and processes that must be followed. There is some of this in B2B but B2G has a lot more.
What are the differences between B2B, B2C, B2G, and D2C?
How are they similar?
Share your thoughts in the comments.
Posted 141 weeks ago
Sales, Marketing & Social Media Today
I write about the three topics that I am most passionate about; Sales, Marketing and Social Media. These topics are covered from my experiences in outside sales and marketing. My objective is to use my expertise to help business and the individual.
There are amazing exhibits at the New York International Auto Show that showcased innovations in the auto industry. These innovations included an increased number of: Hybrid, Electric and Voice enabled vehicles. Mercedes-Benz showcased its Voice enabled vehicles in its Press Conference.
Porsche celebrated the 50th Anniversary of the 911 with the unveil of the 911 Speedster. This was really enjoyable to see.
Ford celebrated National Mustang Day celebrating 50 years of the Mustang.
The show is truly amazing but don’t take my word for it. See for yourself!
The New York International Auto Show is open to the public from Friday, April 19th to Sunday, April 28th, 2019. Tickets cost $17 for Adults, $7 for Children, pricing for groups and tours can be found on the website. For more information go to http://www.autoshowny.com/tickets.
What do you want to see at the show? If you have attended the show, what was your favorite exhibit?
