Published on June 20th, 2023 | by Bhawana Vashisht0
Personalizing the B2B Customer Journey: Tips and Techniques
In the world of B2B marketing, personalization is becoming increasingly important. According to a survey by Epsilon, 80% of consumers are more likely to make a purchase when brands offer personalized experiences. However, personalization is not always easy to achieve in the B2B space, where there are often multiple decision-makers involved in the purchasing process and a longer sales cycle to navigate. In this blog, we’ll explore some tips and techniques for personalizing the B2B customer journey to drive better engagement and more successful outcomes.
Know Your Audience
The first step in personalizing the B2B customer journey is to truly understand your audience. According to a study by Salesforce, 52% of B2B customers expect offers to be personalized, and 66% of B2B customers say they’re more likely to switch brands if they feel treated like a number rather than an individual. This means taking the time to research and analyze the companies and individuals you are targeting, and gathering as much information as possible about their pain points, challenges, and goals. This can involve a variety of tactics, such as conducting surveys, reviewing social media profiles, and analyzing past interactions with your brand. Once you have a clear understanding of your audience, you can tailor your messaging and content to better resonate with their needs and preferences.
Segment Your Audience
Once you have a deep understanding of your audience, the next step is to segment them into smaller groups based on shared characteristics and behaviors. This allows you to create more targeted and personalized messaging that speaks directly to the needs and preferences of each group. According to a survey by Accenture, 91% of consumers are more likely to shop with brands that provide relevant offers and recommendations. For example, you might segment your audience based on industry, company size, job title, or purchasing behavior. By doing so, you can deliver content that is more relevant and valuable to each segment, which can help drive engagement and conversion rates.
Leverage Personalized Content
Personalized content is a powerful way to engage with B2B customers and prospects. This can include everything from customized landing pages and emails to personalized product recommendations and tailored messaging based on past interactions with your brand. The key is to use data and insights about your audience to create content that is highly relevant and valuable to them. According to a study by Monetate, personalization can lead to a 20% increase in sales. For example, you might use a customer’s past purchase history to recommend related products or services, or create targeted email campaigns based on specific interests or pain points. By delivering content that is tailored to each customer’s unique needs and preferences, you can create a more compelling and engaging experience that drives better results.
Use Marketing Automation
Marketing automation is another powerful tool for personalizing the B2B customer journey. By automating certain tasks and processes, such as lead scoring, email campaigns, and content delivery, you can create a more seamless and personalized experience for your customers. According to a study by Marketo, businesses that use marketing automation to nurture prospects see a 451% increase in qualified leads. For example, you might use marketing automation to send personalized follow-up emails to leads based on their behavior on your website, or to trigger specific actions based on customer interactions with your brand. By using automation to deliver the right message at the right time, you can create a more personalized and engaging experience for your customers.
Invest in Customer Data Platforms (CDPs)
Finally, investing in a customer data platform (CDP) can help you personalize the B2B customer journey in a more scalable and efficient way. A CDP is a software system that collects and integrates customer data from various sources, such as CRM systems, marketing automation platforms, and website analytics tools, to provide a comprehensive view of each customer’s interactions with your brand. This allows you to create more targeted and personalized campaigns and experiences based on real-time data and insights. According to a study by the Winterberry Group, spending on CDPs is expected to grow to $1.3 billion in 2021, up from $640 million in 2019.
By leveraging a CDP, you can create a unified view of each customer’s interactions with your brand, including their past purchases, website behavior, email opens and clicks, and social media interactions. This allows you to deliver more relevant and timely messaging, offers, and content that speak directly to their needs and preferences. For example, you might use a CDP to trigger personalized email campaigns based on specific actions taken on your website, or to deliver targeted ads on social media based on a customer’s past purchases. By using a CDP to personalize the B2B customer journey, you can create a more seamless and engaging experience that drives better results.
In conclusion, personalization is becoming increasingly important in the B2B space, as customers expect brands to understand their unique needs and preferences. By following these tips and techniques, such as knowing your audience, segmenting your audience, leveraging personalized content, using marketing automation, and investing in customer data platforms, you can create a more personalized and engaging experience for your customers and drive better outcomes for your business.
Epsilon: The Power of Me: The Impact of Personalization on Marketing Performance
Salesforce: State of the Connected Customer
Accenture: Seeing Beyond the Loyalty Illusion: It’s Time You Invest More Wisely
Monetate: Ecommerce Personalization: 21% of Shoppers Prefer Personalized Recommendations
Marketo: The Definitive Guide to Marketing Automation
Winterberry Group: Outlook for Data Driven Advertising & Marketing 2019