Stop selling creative disruption and start selling risk reduction
Jon LombardoMarketers, particularly in B2B brands, need to show CFOs that brand building is about limiting the business’s downside as much as generating upside.
Peter Weinberg is the co-founder of Evidenza, a cutting-edge synthetic research platform that generates finance-friendly marketing plans.
Before starting Evidenza, Peter spent 10 years at LinkedIn, where he co-founded the B2B Institute, a renowned think tank. His research and ideas have been referenced and adopted by thousands of B2B marketers worldwide and featured in publications such as Marketing Week, Adweek, WARC, and The Drum. Industry luminary Les Binet has called Peter and his colleague Jon Lombardo “The Binet and Field of B2B.”
Peter was born, raised, and will eventually die on the island of Manhattan.
Marketers, particularly in B2B brands, need to show CFOs that brand building is about limiting the business’s downside as much as generating upside.
If you haven’t yet worked out what AI can do or why it’s valuable for your brand, consider these three principles for putting it to effective use.
B2B brands built on the back of Ehrenberg-Bass’s principles, using AI to amplify their advantages, will dominate the market in the coming century.
The moment is approaching when B2B brands realise they need to invest more in brand than performance. Just look at these examples for inspiration.
Marketing can only generate an effective pipeline if it targets the same buyers as sales, but new research shows the overlap – even between brand and demand marketing – is often shockingly small.
Many are talking of the ways AI will rip up the rulebook on creativity, but for B2B the biggest disruption AI will cause is to diagnosis.
Data shows B2B brands, like B2C, generally serve the same customers, which demonstrates the wisdom of marketing to every buyer in your category.
For B2B firms, investing in brand marketing is the best bet in good times, and it’s an even better bet in bad times when the pool of current buyers shrinks from 5% to 1%.
Marketers can’t control brand rejection but they can elevate awareness, so B2B brands should take charge of the levers they can pull to make their brand stand out.
The history of marketing is synonymous with consumer brands, but now B2B is the key driver of economic growth and it will be marketers who build those businesses.
Brands – both B2B and B2C – should focus less on keywords and more on making themselves memorable at the point of the buying decision.
True personalisation is unachievable due to poor data quality, but it’s ineffective anyway and should be replaced with creative that resonates with everyone.
Brand marketing creates more financial value than short-term performance marketing – the sooner B2B marketers flip their perspective and start allocating budgets accordingly, the better it will be for everyone in B2B.
There’s plentiful research to show buyers don’t make purchases logically, yet B2B marketers still try to make sales largely based on product features.
It’s hard to tell a great story without a great character but most B2B brands seem reticent to entertain the idea. One exception is Salesforce, which introduced Astro who helped revitalise the brand and make it interesting again.
All the latest marketing podcasts from Marketing Week, featuring analysis of marketing trends and interviews with top marketers.