With new research showing that B2B businesses that invest in long-term marketing strategies like branding significantly outperform their competitors, it is time for business marketers to take a cue from their B2C counterparts and take brand building seriously.
2. When it comes to business marketing, lead generation is everything.
And justifiably so. Without leads, B2B businesses don’t have prospects
to nurture. This is why, on average, more than half of business marketing
budgets are dedicated to lead gen (54 percent). But even though leads
are the lifeblood of any B2B business, are business marketers making
a mistake by not focusing more on long-term strategies like brand building?
Research suggests they may be. Recent research from Marketing Week
and The Marketing Practice found that businesses that outperform their
competitors were twice as likely to allocate 60 percent or more of their
budget to achieving long-term marketing goals. Is your B2B brand
neglecting brand building in its marketing strategy? The data says
it’s time to change that. Get started with the following four tips.
11. Want to learn more about how your B2B brand can
get better at branding? Our Marketing Knowledge
Center has plenty of reading material on that:
5 Opportunities to Drive B2B Brand Growth
Driving Growth Through a Balance of Brand and Demand
Why All Brands Must Take a Stand
Reinventing Caterpillar with Data and Brand Purpose