Jump to Topics on this Webpage
Why B2B Industrials Aren’t Using the Web as a Channel to Market
In an era dominated by digital transformation and online connectivity, it may come as a surprise that many B2B industrial businesses have been slow to embrace the full potential of the web as a channel to market. While consumer-focused industries have seamlessly integrated online branding and e-commerce into their operations, the world of business-to-business (B2B) industrials seems to be lagging behind. This raises a fundamental question:
Why are B2B industrials not leveraging the web to their fullest extent?
Lack of publishing expertise
In my opinion one of the first reasons is the fear of publishing content and the time that it takes to create customer-focused content that turns a website from a basic business card (i.e. expense) to a lead generation machine (i.e. revenue).
B2B industrial owners have rightly heard, “Content is King” and they realize they do not have the know-how or the personnel to compete with the great content they see daily from news feeds, blogs about golf, etc., reviews of their latest desire for a new vehicle, YouTube recaps of their favorite sports teams, etc.
B2B Industrials are Just Too Busy
Even during the pandemic my clients were not affected. They were all designated “essential” and continued operating at normal levels. Since the end of the pandemic our economy continues to hum along and these essential B2B industrials seem to be busier than ever. They are too busy with operations and dosing fires to worry about another marketing project.
Perception That Industrial Products are Just Too Complex
Another factor contributing to the hesitancy of B2B industrials is the complexity of their products and services. Unlike consumer goods that are often standardized and straightforward, industrial products are typically highly specialized and tailored to specific client needs. These intricate offerings require a more personalized and consultative approach, which may seem challenging to replicate in an online environment. B2B transactions often involve negotiations, customization, and technical specifications, making it difficult to streamline the purchasing process through a simple online platform.
An Expense Mindset Instead of Revenue Mindset
Rightfully, B2B industrials tend to focus on the expense of marketing rather than the potential revenue. So, another hurdle is the perceived cost and complexity of implementing online or e-commerce solutions tailored to B2B industrials. The upfront investment and ongoing maintenance required for such systems can be daunting for businesses already comfortable with their traditional sales channels.
As I have often written in my blog, to be successful at B2B marketing owners need to switch their brains from "marketing expense" to "marketing revenue".
Concerns About Cybersecurity
Cybersecurity concerns also play a significant role in the apprehension exhibited by B2B industrials. The fear of data breaches, intellectual property theft, or other security lapses can discourage businesses from fully embracing online platforms. The high-stakes nature of B2B transactions, where contracts involve substantial sums and sensitive information, makes these businesses more cautious about digital integration. Building robust cybersecurity measures becomes a prerequisite for any successful transition to an online channel.
I personally have seen this threat in action. One of my clients was attacked by ransom wear. Fortunately, they were covered by insurance, but the disruption was painful, and it forced them to pay more attention to their IT stack.
Digital Literacy Among Owners
Furthermore, the lack of digital literacy among key decision-makers in B2B industrials can impede progress. Personally, I see this daily. When talking to owners of these businesses, many times they do not even know the right questions to ask potential marketing personnel or a marketing agency so they can enter the digital realm.
Traditional business models have thrived on established practices, and decision-makers may lack the understanding or motivation to navigate the complexities of digital transformation. Overcoming this barrier requires not only investing in technology but also in training and education to ensure that the leadership is equipped to make informed decisions about incorporating the web as a channel to market.
Conclusion
In conclusion, the slow adoption of the web as a channel to market in the B2B industrial sector can be attributed to a combination of factors, including the complexity of products and services, lack of publishing and marketing expertise, cost concerns, cybersecurity considerations, and a lack of digital literacy.
While these challenges are substantial, they are not insurmountable with the right help.
I just happen to know someone that can help you!
If fact, as I often write about, the opportunities have never been better for B2B industrials.
The savvy B2B marketer is at a crucial crossroads, poised to unlock unprecedented growth by embracing the web as a formidable channel to market, while competitors watch on the sidelines.
Their current reluctance is a missed opportunity, considering the relative scarcity of online content in the B2B realm, providing industrials with a unique chance to establish a robust online brand presence and stand out in a less crowded digital landscape.
Those who successfully integrate the web into their business strategies stand to gain a competitive edge, unlocking new opportunities and streamlining their operations for the future.
The adoption of web-based strategies is now a strategic imperative, enabling B2B industrials to connect to a broader audience, streamline transactions, and elevate their brand visibility.
Just a few reminders from some of our great minds from the past:
"Opportunity is missed by most people because it is dressed in overalls and looks like work." - Thomas Edison
"Twenty years from now, you will be more disappointed by the things you didn’t do than by the ones you did do." - Mark Twain
"Your big opportunity may be right where you are now." - Napoleon Hill
"You may delay, but time will not." - Benjamin Franklin
What is holding your B2B conpany back from being the top brand in your industry? Clearly, the opportunity is there.
Need a little help crafting your B2B marketing strategy? , give me a call or contact me via email.