CX News
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October 16, 2024

Steering Through the New B2B Buyer Journey Landscape: How to embrace the Change

Article

The B2B buyer’s journey isn’t a straight path anymore—it is highly dynamic and constantly shifts to align with evolving buyer expectations and behaviors. For B2B businesses, these challenges also bring opportunities to better engage, persuade, and secure new clients.

Today's B2B buyers, often millennials and Gen Z, are proactive explorers charting their own course, which means you can expect them to be self-directed information seekers. So, the buying cycle has lengthened, largely due to the multitude of voices in the purchasing chorus and the mountain of information waiting to be tackled.

Parallely, the role of sales teams has changed too. Once front and center, they now play a supporting role as buyers prefer to embark on independent research. A 2023 survey tells us that a whopping two-thirds of buyers go solo, sidestepping traditional sales interactions.

In this digital age, phone calls are taking a backseat. By 2025, expect 80% of B2B sales engagements to happen online. Offering diverse digital communication channels—like email, live chat, and text messaging—is essential to thrive in this new era.

Today, the buyer’s journey is anything but clear. Customers weave through stages, double back, and revisit decisions, making it crucial to understand the journey's touchpoints. According to Gartner, key stages in the process include:

  • Identification of a problem
  • Exploration of possible solutions
  • Establishment of requirements
  • Selection of suppliers

Buyers also need to validate decisions and achieve stakeholder consensus, frequently moving back and forth between stages. For instance, a buyer may initially learn about a supplier without recognizing an immediate need. Later, they might identify a problem and recall the supplier as a potential solution, revisiting their requirements and options multiple times before finalizing a decision.

Amidst all this change, trust remains an anchor. It used to rest heavily on the shoulders of sales teams; now, it’s more about showcasing your brand’s credibility through authoritative content and real customer stories. Equipping buyers with knowledge and offering outstanding support can tip the scales in your favor.

As the B2B buyer’s journey continues to morph, staying adaptable is key. Anticipating customer needs and maintaining a holistic view of their journey allows your business to keep a competitive edge and foster meaningful connections.