Business to business (B2B) marketing is the sale of products or services from one company to another. Business to consumer (B2C) marketing is the sale of products or services from a company to individual consumers.
Both types of marketing require an understanding of the target audience, the product or service being sold, and the channels through which the product or service will be marketed.
Few types of digital marketing techniques used by businesses to boost their online presence and market sales are as follow:
- Search Engine Optimization (SEO): SEO is the process of optimizing a website for Google search with the goal of earning higher web traffic levels and improving the visibility of the site.
- Pay-per-Click (PPC): PPC is a type of online advertising where businesses pay a fee to have their ads displayed on search engine results pages (SERPs). When a user clicks on one of these ads, the business pays the fee.
- Social Media Marketing: SMM is the process of using social media platforms (such as Facebook, Twitter, and Instagram) to promote products or services.
Want to know more about digital marketing techniques? Read What are the Types of Digital Marketing?
About 61% of the B2B business share their content online through paid ads. Now that we have understood the various types of digital marketing strategies. It is time to understand how they can be put to use to achieve desirable results. It is significantly important to know how to create a digital marketing strategy.
A digital marketing process is a way that the businesses use to identify and target potential customers, and then convert them into leads. The goal of a digital marketing funnel is to attract as many potential customers as possible and then guide them through the process of becoming a paying customer.
Some common strategies include
- Creating valuable content like conversational content that speaks to your target audience.
- Using social media marketing to reach a wider audience.
- Creating an email marketing campaign.
- Using search engine optimization (SEO) to drive traffic to your website.
The result of this exercise is to attract potential customers and then guide them through the process of becoming a paying customer
The best digital marketing tools will depend on the type of business you have and the goals you want to achieve. For example, if you are using b2b digital advertising, your best bet might be to invest in email marketing or lead generation software.
If you are using b2c online marketing, your best bet might be to invest in social media marketing or ecommerce software.
No matter what type of business you have, there are certain digital marketing tools that are essential for any company. These include a website, SEO tools, and analytics software.
A website is necessary for any digital marketing campaign. It’s the foundation upon which all other digital marketing efforts are built. SEO tools help ensure that your website is visible to potential customers when they search for keywords related to your business.
Analytics software provides insights into how your digital marketing campaigns are performing and helps you identify areas for improvement.
Businesses conduct a rigorous analysis of the potential of a product and the marketing strategies, and according to the advantages and disadvantages about the product that the businesses learn through the study, it allows them to decide which one to focus on.
Marketing tools provide them with sufficient grounds for decision making. About 80% of the B2B and B2C businesses use Google to kickstart their advertising.
B2B Online Marketing
B2B online marketing pros include the fact that B2B products are usually more expensive than B2C products, so businesses have the potential to make more money from each sale.
Additionally, because B2B products are usually more complex than B2C products, businesses have the opportunity to build relationships with their customers and provide more personalized service. About 23.6% of businesses in the USA are B2B.
On the downside, digital marketing for B2B can be very time-consuming and expensive. Because of the high price point of most B2B products, businesses have to put in a lot of effort to generate leads and close sales.
Additionally, the process of building relationships with customers can be slow and require a lot of resources.
People are reached through digital marketing at every stage of the buying cycle.The buying cycle describes a customer’s journey from discovering your product or service to purchasing it from you online or over the phone.
B2B performance marketing is important because most businesses rely on the products or services of other businesses to operate. It’s uncommon for an organization’s entire production and distribution process to be completely self-contained.
Your favorite clothing brand, for example, is likely to get its raw materials from farms and its fabric dies from chemical companies. Your favorite cell phone company most likely buys components from third-party vendors and pays shipping companies to distribute the finished product.
B2C Digital Marketing
Meanwhile, B2C marketing pros include the fact that B2C products are generally less expensive than B2B products, so businesses don’t have to spend as much money to generate sales.
Additionally, because B2C products are typically less complex than B2B products, businesses can reach a wider audience with their marketing campaigns.
The downside of B2C marketing techniques is that it can be very competitive. Because there are often many businesses selling similar products, companies have to work hard to differentiate their offerings and products.
Learn here about how to create a digital marketing strategy for your business.
Every B2C marketing campaign aims to persuade a customer to purchase your product. That is all there is to it. However, many factors must be considered before the final transaction can be completed.
If you use pipeline marketing, you’re well aware of the various stages customers go through between discovering your brand and purchasing your product. You must determine what your customers want and how to package your product to meet their needs. B2C marketing involves introducing a customer to your company, encouraging them to interact with your brand, and eventually leading them to make a purchase.
B2C marketing strategies aid in the preparation of sales, the anticipation of responses, and the tracking of progress. All three of these factors have the potential to improve the effectiveness of your marketing campaigns.
Of course, you don’t want to dive into any marketing strategy while learning everything there is to know about it. Bad marketing can have a long-term negative impact on your company and its reputation.
Here’s an article we think you’ll like: B2B Social Media Strategy
B2B Or B2C. Which Is Better?
The main difference between B2C vs B2B marketing is the type of customer each one is targeting. B2B marketing is geared towards businesses, while B2C marketing is geared towards consumers.
There are a few key differences between B2B B2C digital marketing. For one, the sales’ cycle for B2B is usually much longer than the sales’ cycle for B2C. This is because businesses have to make sure that they are getting the best possible product or service for their needs, and they are often more price sensitive than consumers.
But as a matter of fact, there are more B2B companies than B2C across the USA. For every 1 B2C company there are about 1.6 B2B companies.
The question is which is better B2B or B2C? The answer to this is that it depends on the business model you are running. If you are directly dealing with the consumers than B2C is the best choice for you but if this is not the case and you are dealing with consumers then B2B is your best bet.
If at the end, your customers are consumers as in individuals then they are called B2B customers whereas, if you end customers are not individual customers then you are dealing with B2B customers.
To make it easier for you to understand the difference between B2B and B2C businesses, we have highlighted a few:
Another key difference is that B2B marketing typically involves more decision makers than B2C marketing. This means that there is usually more than one person involved in the decision making process for a B2B purchase, and each person may have different needs and concerns.
Finally, B2B products and services are often more complex than B2C products and services. This means that B2B marketers need to be able to explain the features and benefits of their products in a way that is easy for their customers to understand.
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B2B VS B2C Examples:
Businesses whose target market is other businesses are prime examples of B2B businesses. For instance, any chipset company that sells its chips to other companies is B2B.
Whereas, when a business’ target is an individual consumer then they come under B2B business. For instance, a shopkeeper that sells goods to an individual consumer is doing B2B business.
We can easily conclude that B2C marketing vs B2B marketing are quite different. B2B marketing is all about building relationships and creating trust, while B2C marketing is all about selling products and services.
Both require different strategies and approaches, so it’s important to understand the difference between the two before proceeding on any marketing campaign.
Moreover, to get the best marketing strategy planned according to the needs of your business contact digital marketing Houston.