If you take these three fundamental understandings of the buyer's journey, you can easily increase your engagement rates with targeted content and emails and convert more prospects into leads for your company.
I've heard the term "buyer's journey" more than ever over the past year and a half. Marketers have been talking about understanding the buyer's journey for some time now, but I haven't seen any hard data to define what exactly this term means. I decided to research the buyer's journey concept to better understand how to leverage it in modern marketing. To understand the buyer's journey concept, I surveyed 400 B2B buyers and compiled their answers to create the first definitive guide to the modern buyer's journey.
Why I Surveyed Buyers Instead of CMOs
I'm tired of reading surveys from chief marketing officers (CMOs) when the average CMO only drives a 5 percent click-though rate on emails. That means most CMOs fail 95 percent of the time when trying to drive engagement in the buyer's journey. So to understand the buyer's journey, I knew I had to survey the real buyers - not CMOs - if I wanted to get to the bottom of things.
What I Found
When asking buyers, I wanted to really understand their habits and their process much better. From understanding habits and processes, we can then map our marketing to those two behaviors and increase our engagement. So my questioning started with understanding how they research. Understanding research is the key to understanding the buyer's cycle, because every buyer's cycle starts with research.
If you take these three fundamental understandings of the buyer's journey, you can easily increase your engagement rates with targeted content and emails and ultimately convert more prospects into leads for your company.
Three Ways to Use This Information
You can watch me present this data here. Also, please leave me messages in the comments section below or ping me on Twitter @msweezey if you have any questions on this research or how to implement these ideas.
Image on home page via Shutterstock.
This column was originally published on July 30, 2013.
Learn Digital Marketing Insights From Leading Brands!
ClickZ Live Chicago (Nov 3-6) will deliver over 50 sessions across 4 days and 10 individual tracks, including Data-Driven Marketing, Social, Mobile, Display, Search and Email. Check out the full agenda, or register and attend one of the best ClickZ events yet!
Mathew is the head of thought leadership for B2B marketing at Pardot, a Salesforce.com Company. A consummate writer, he has been featured in numerous publications such as Marketing Automation Times, DemandGen Report, Marketing Sherpa, ZDNet, and is the author of Marketing Automation for Dummies (published by Wiley February 2014). As a speaker Mathew speaks around the world at events such as Conversion Conference, Dreamforce, SugarCon, and to companies including Microsoft, Investec, NetJets, and Restaurants.com, to name a few.
Hong Kong, October 21-22
London, November 13-14
San Francisco, November 13-14
London, November 18-19
IBM Social Analytics: The Science Behind Social Media Marketing
80% of internet users say they prefer to connect with brands via Facebook. 65% of social media users say they use it to learn more about brands, products and services. Learn about how to find more about customers' attitudes, preferences and buying habits from what they say on social media channels.
An Introduction to Marketing Attribution: Selecting the Right Model for Search, Display & Social Advertising
If you're considering implementing a marketing attribution model to measure and optimize your programs, this paper is a great introduction. It also includes real-life tips from marketers who have successfully implemented attribution in their organizations.
October 23, 2014
1:00pm ET/10:00am PT