Is B2B purchasing just a numbers game?
The difference between B2C and B2B sales is no longer as clear-cut as it once was. Emotional decision-making in B2B purchases should now be a key focus. Buyers, of course, want to buy from people they like but also companies they like. This is more often than not down to social values such as a business’ approach to sustainability and how they treat their staff. If a business can show its commitment to CSR and ESG in a meaningful and credible way, it will find itself in a better position to sell. Other opportunities for a business to ‘shine’ are performing pro bono charity work, giving employees flexibility and relevant benefits, and having a transparent, ethical supply chain. The ‘experience’ of buying is also impacting decision-making. If two identical companies sell two identical products or services, but one company has an exciting virtual reality walkthrough as part of the buying experience, then it’s pretty clear which company will be winning the sale.