[Posted by Jennifer Bélissent]
Just wanted to call attention to a couple of new Forrester reports. I’ve started drilling into the Four Ps — mostly on the promotion front. Here are a few highlights:
- April 24, 2009, “Vive La Difference In B2B Buyer Behavior”
“Vive La Difference” looks at how buyers across North America and Europe inform their purchasing decisions — looking at both how they interact with and leverage social media and which information sources they prefer. News flash: business buyers do use social media to inform their business decisions. The results show that tech buyers are more socially active than the overall adult population, and they are using social media tools for work purposes. But, that use is not consistent across countries. More technology buyers in France and Germany spend time creating content — likely reflecting language differences and the need for local language content. More respondents in France and Germany also review, rate, or comment on social content. North American respondents use more social media for work purposes; of all, French respondents were the least likely to use social media for work purposes.
Looking at both traditional and social information sources, there were commonalities and differences. All respondents rely first and foremost on their peers and colleagues for information. Beyond that, though, information sources differ across countries. Some of the most striking differences are between our French and German respondents: The second most significant source of information for German respondents is industry events, trade shows, and conferences; for the French respondents, their direct sales person was their No. 2 source. For tech marketers, the message is clear: Participate in German trade shows and invest in French sales competence and collateral in France.
Following that first regional look at information sources — or marketing vehicles — we took a broader look beyond just mature markets to include emerging markets as well. The landscape in emerging markets is even more complex. Unlike mature markets, there is no clear No. 1 information source common across emerging market countries. Social media sources rank much higher in emerging markets than in mature markets — but not always the same tools. Overall rankings show that in aggregate across emerging markets the highest ranked sources are only used by a little more than half of respondents (52%) — unlike their peers in North America and Western Europe, where there was a resoundingly common No. 1 source. However, in most emerging markets, social media sources fall into the top 10 — with some as high as No. 3 in Vietnam, No. 4 in China, and No. 5 in Chile. Tech marketers take note: The common thread across emerging markets is not a specific source but rather a greater reliance on new social media to inform IT purchasing decisions.
I have also restarted my blog, B2B Beyond Borders – please take a look.