The B2B Buying Matrix: Why 67% of Decision Makers Are Invisible And How to Reach Them in 2024

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The B2B Buying Matrix: Why 67% of Decision Makers Are Invisible And How to Reach Them in 2024
Written by Brian Wallace
  • Business-to-business (B2B) operations are often complex because they involve many participants, such as manufacturers, wholesalers, distributors, and service providers. Aside from the participants, B2B also has stakeholders who form buying groups.

    The buying group comprises initiators, influencers, decision-makers, and users who determine the success of B2B transactions. All the participants and stakeholders in the B2B operations make the landscape even more complex for sellers.

    As a result, the marketing team has a hard time pinpointing who to target with marketing campaigns since 67% of the stakeholders aren’t known directly and therefore “invisible.” The marketing team can still read the invisible stakeholders through the strategies below.

    Marketers in B2B operations can build authority through strategic links for effective marketing. Any business looking to sell products to “invisible” decision-makers has to establish itself as an authority in the industry.

    This builds trust and confidence that can be leveraged in marketing the products. Once marketers understand that potential clients transitioned to the digital space, they can use the best strategic links to reach their targets.

    Strategic link-building can improve marketing in various ways:

    • Improved Digital Visibility: Many decision-makers are in the digital space now and businesses can enhance their domain authority to attract the decision makers. If reputable websites with authority in a particular industry link to a business website, it would make the business website more visible to search engines like Google.
    • Foster Business Cooperation: Aside from improving the discovery of business products, building links to other businesses creates a connection with authority figures in the industry. This builds trust among decision-makers and improves B2B operations.
    • Creates Credibility: A website with backlinks to authoritative sites establishes itself as a credible website that decision-makers can trust. It also makes the website easy to index and appear higher on SERPs.
    • Efficient Targeted Marketing: Most importantly, building links to niche websites allows the business to make its products and services visible to a segment of decision-makers in the digital space. Industry-specific blogs can link to the business website, allowing people interested in a particular niche to discover the products and services.

    The Invisible Decision Maker Persona

    B2B operations are complex because of the invincible decision-maker persona. These are individuals who decide whether their buying group will purchase products from a particular business. The decision-maker person comprises four positions with clear roles:

    • Initiators: The players could be the frontline workers in a business. They experience a problem firsthand and want a solution which might be a product sold by another business.
    • Influencers: They are industry experts and know the best products to combat the problems faced by the initiators.
    • Economic Buyers: These people know the financial implications of buying the required products to solve the problem at hand.
    • Technical Buyers: The technical team ensures that the products that will solve the problem at hand meet the required technical specifications.

    Digital Footprints of Hidden Buyers

    Discovering the digital footprints of hidden buyers through marketing agencies like Seeders can transform B2B operations. Online visitors usually leave a trail of data that businesses can use to market their products and services to other businesses or decision-makers.

    Businesses can find active digital footprints, which are details provided by users when signing up, filling out forms, or subscribing to newsletters on the internet. At the same time, businesses can leverage inactive digital footprints to reach hidden buyers.

    Cookies and websites that track user behaviour can provide insight into the identity of hidden buyers, allowing businesses to target them with marketing campaigns. Understanding the digital footprints helps the business in many ways, including identifying users who could pose a risk to fraud or identity theft.

    The Multi-Thread Engagement Strategy

    Using the digital footprint alone can’t achieve the desired results; the business has to complement the strategy with a transformative approach that builds relationships with more than a few stakeholders.

    An approach using the multi-thread engagement strategy navigates the complexities of B2B operations and improves the success of marketing campaigns. A business that diversifies its perspective on B2B operations has a 30% more chance of closing deals.

    Technology Stack for Visibility

    Businesses can also leverage tools and technologies to reach the hidden key players in B2B operations. A centralised data management tool can transform how a business connects with existing buyers and potential customers.

    The system allows the business to track transactions and consumer preferences with ease since all data is in the central management system. The business can easily analyse the collected data and determine the best practices to meet customer expectations.

    Even more important, stacking technology optimises B2B operations by automating the workflow. Some incredible tools can eliminate repetitive tasks such as email marketing by automating such marketing efforts.

    A selection of good technology tools can help the business reach more hidden players thereby improving the success of B2B operations.

    Risk Mitigation Factors

    As a business attempts to reach hidden decision-makers, it wants to remain risk-free in the digital space. Every business, especially in the B2B operation, requires good risk mitigation strategies to continue safe business operations.

    Marketing risk is one of the factors to consider. Particularly, the business wants to keep up with changes in interest in the products or solutions they provide. But most importantly, the business wants to stay safe from cybersecurity risks.

    Cybersecurity is the number 1 risk many businesses have to deal with. Malicious digital users can use social engineering and malware to fetch company data that can give away sensitive information that could spell financial ruin.

    Therefore, every business should train employees to identify phishing emails that can ruin B2B operations.

    Action Framework

    Reaching the hidden decision-makers requires an elaborate action framework. The first step is researching to identify potential decision-makers. After identifying the decision makers in a targeted business or organisation, it’s important to identify the roles played by each party.

    The business then tailors engagement that targets each party for an effective marketing strategy. A multi-approach marketing is more effective; it requires the business to use email, social media, webinars, and events.

    Conclusion

    Businesses in B2B operations can increase their net profit margins by reaching 67% of the invisible decision-makers. However, reaching these key players requires strategies that many businesses might not already be using.

    As many potential clients move to the digital space, businesses can also transition and tap into backlink-building strategies to increase online visibility. Additionally, can leverage tools to manage data collected about invisible decision-makers.

    The business will increase marketing success by utilising these strategies among others.

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