COVID-19 has changed our personal and professional lives. To sustain sales momentum, it’s key to make sure your marketing strategy changes with the way your buyers shop.
Here are three ways COVID-19 has changed B2B marketing.
In a study regarding the effect of COVID-19 on B2B marketing and sales, McKinsey & Company found that the majority of B2B buyers now prefer remote or digital self-service interactions, and for good reasons. It’s easier to schedule, it saves on travel expenses, and it’s safer.
Digital marketing is hardly new. But, if you need to add to your digital strategy arsenal, here are some tips:
Even e-commerce is growing in popularity for large purchases. Seventy percent of B2B buyers are willing to make remote purchases over $50,000. This trend has been further accelerated by supply chain issues which are likely to continue through 2022.
Traditional, in-person meetings have decreased by 52% due to COVID-19. Video calls now make up over half of all B2B interactions, and the amount of revenue stemming from video-related interactions has increased by 69%.
This isn’t just a change between buyers and sellers. With more companies pivoting to remote work, company employees also now prefer video calls over phone conversations:
Because B2B buyers are so much more willing to conduct research and even complete purchases virtually, you need content that supports that and creates opportunities for you to influence them.
Producing content that’s highly relevant and is available on demand will aid in the buyer’s journey and gain trust from prospects. Some of the most influential formats include:
COVID-19 has changed the way customers go through the buyer’s journey, and that means your marketing strategy needs to adapt to their changing needs. Buyers today are more willing to research, shop, and even purchase products through digital and self-service options. To remain competitive, on-demand content should be a focus to make sure prospects can access the information they need when they need it.