I once sat at functional management meeting where the head of R&D presented the latest lab results for a prototype module that was in a more prolonged development period than anyone had expected. The R&D head presented the results nicely formatted in a spreadsheet. But they were bad and dismayed everyone. The president, himself a PhD in the field, took out his calculator and proceed to do his own calculation on a number of rows. Naturally, the R&D head pointed out that all the calculations were already done for him, in another column. To which the president replied, “I know. I want to do the calculation for myself”.
The anecdote reminds me of how it often is with B2B buyers. Especially in the case where they are looking at a new product or service and changing how they do some aspect of their work. “Does it add up?” will certainly be one of the things going through their head. And even though you may have presented all the facts to them neatly, and have done all the necessary extrapolations, they will no doubt still need to add things up for themselves.
B2B buyers need to prove it to themselves, even though your proof may not be disputable. They still want to use their own calculator. And that calculator will have several inputs that are used in the computation of whether it all adds up. They will want to draw on different perspectives.
-How exactly do each of the stakeholders view the solution?
-Is there anything that is a factor in this solution that is being suppressed and plays a part in the success of the purchase?
-How are other people like me dealing with these challenges?
-What are the industry pundits saying?
It is not hard to see why the B2B buying cycle tends to be longer than that of the consumer. The B2B buyer will need enough input for his calculator to make sure that it all adds up. And likely, the inputs will be weighted according to the individual buyer’s perception about how important each entry is. Buyers today are quite conscientious of the investment of both time and money that go into the total cost of ownership. And then there is the user experience, which is gaining an increasingly more prominent role in the buying decision. They are not just buying a spec, they are buying a complete solution.
As B2B marketers, there is no point in sidestepping any of the factors that go into the decision making process. You need to be prepared with a calculator that will work the same as your buyer’s calculator. Hence, it will serve you much better to strive to know what all the factors are, and the weighting that the buyer may assign to them. You must show both sides of the story, whether they are positive or negative inputs into the calculation. Whether you do or don’t, your buyer will still proceed in the same manner. They will want to add it up themselves and prove it to themselves. And it is simply a positive thing if the results agree.