How Deep Customer Insights & Brand Building Drive B2B Tech Success

TL;DR

B2B tech companies often waste resources by trying to appeal to everyone and chasing immediate results. Instead, prioritize deep customer insights and brand equity. This approach boosts engagement, conversions, and long-term growth.

Key Takeaways

  • Deep Customer Insights: Conduct interviews with your best-fit customers to understand their needs and challenges.
  • Brand Equity: Invest in building a strong, lasting brand to create trust and credibility.
  • Targeted Marketing: Focus on specific, effective marketing tactics instead of trying to do everything.
  • Sustainable Growth: Prioritize long-term strategies over quick wins to achieve lasting success.

In B2B tech marketing, it’s easy to spread ourselves too thin. We pour all our energy into chasing immediate results and end up missing opportunities staring us in the face.

We live in a society addicted to instant gratification. Social media is a good example. We’ve become jaded to instant feedback and that fuels our desire for quick wins.

However, this often leads to waste. Instead, we should focus on building lasting relationships and brand equity by deeply understanding our customers’ needs and challenges.

Casting a wide net may seem a like good idea, but it only creates more problems. Diving deeper into insights helps us hone in on our best-fit customers and find more of them today and tomorrow.

Why Targeting Everyone is a Mistake

Many B2B tech companies try to appeal to everyone, believing a broader reach guarantees success. This is wrong.

Some of my clients struggled because they didn't understand their target audience. They spread their marketing efforts across multiple sectors without focus, leading to ineffective campaigns. One SaaS client tried to target five different industries simultaneously, resulting in generic content that didn't work.

Many B2B tech companies try to appeal to everyone, believing a broader reach guarantees success. This is wrong.

Some of my clients struggled because they didn’t understand their target audience. They spread their marketing efforts across multiple sectors without focus, leading to ineffective campaigns. One SaaS client tried to target five different industries simultaneously, resulting in generic content that didn’t work.

61% B2B marketers struggle to generate leads.

Further Reading: Niche Marketing for B2B Tech: Unlock Faster Growth and Higher ROI.

Haste Makes Waste

In sales-led organizations, there’s a tendency to throw everything into the mix, including the kitchen sink. Driven by the fear of missing out (FOMO), this scattergun approach leads to unnecessary anxiety and wastes resources on strategies that don’t align with our goals.

When we rush things, we often end up wasting resources on strategies that don't align with our core objectives.

Driving depth means sticking to a strategy and choosing the most effective marketing tactics, not trying to do everything at once. When we narrow our focus and dedicate our efforts to understanding and serving a specific niche, we create relevant and meaningful marketing campaigns and build a stronger brand reputation.

Customer Interviews Drive Better Marketing

To market well, we must understand our customers. Interviewing our best-fit customers is the simplest and most effective way to do this. Direct conversations directly reveal what they really need, what frustrates them, what motivates them, and how they talk about problems and solutions. Without this knowledge, marketing is mere guesswork.

Many tech companies think they know their customers, but they’re often wrong. Interviewing ten of our best-fit customers can unveil patterns and information we wouldn’t find otherwise. They tell us what really matters to them, how they decide, and what influences their purchases.

I once had a client who, after interviewing their top customers, realized their marketing was off. They had focused too much on product features instead of the value their customers cared about. Adjusting their messaging based on what they learned led to significant increases in new business and brand reputation.

Further Reading: Customer Research: The Foundation of B2B Tech Marketing Success.

Brand Equity: The Overlooked Asset

B2B tech companies, particularly SaaS, focus too heavily on lead generation, often at the expense of building a strong, lasting brand. This short-term thinking can undermine future success.

Building brand equity is the added value our brand brings to our solutions tomorrow. Like financial equity, it doesn’t happen overnight.

A strong brand helps future buyers choose us over the alternatives, including the status quo. Every interaction with our brand influences a buyer’s perception of our company and our solutions.

Ignoring brand building makes life harder for the sales team. Without brand recognition and reputation, they will continue to struggle to close deals, creating more pressure on marketing to generate leads.

Reputable brands build credibility and trust, providing the air cover to convert leads into customers and customers into fans.

Brand building is like investing in your finances. Think long-term by consistently communicating your brand’s unique value and benefits across every customer touchpoint.

Source: State of Sales, Salesforce, September 2020

Companies that invest in brand equity enjoy higher customer loyalty, better customer retention, and increased word-of-mouth referrals. It’s kind of like compound interest.

Final Thoughts

B2B tech marketing is fast-paced, and it’s easy to get distracted with quick results. But this often wastes resources. Instead, focus on driving depth instead of width.

Interview your customers, build your brand, and choose effective customer insights. This will provide the air cover you will need down the road.

Every day, you can either invest in your brand or chase leads. Understand your audience today so you can reap the rewards tomorrow.

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