Mimi Turner, Head of Marketplace Innovation at LinkedIn, Harjot Singh, Global Chief Strategy Officer at McCann, and James Hankins, Global VP Marketing at SAGE, dive into the significance of customer promises in B2B marketing. They discuss insights from an 18-month study revealing that value-driven promises outperform brand positioning. The trio emphasizes the need for emotional connections, authentic commitments, and the evolving nature of B2B strategies. They also highlight successful campaigns like ProCell, showcasing how addressing hidden costs can enhance brand trust and performance.
A clear customer promise in B2B marketing significantly enhances brand metrics and builds trust, yet only 18% of campaigns utilize them.
Successful B2B campaigns often leverage emotional commitments, leading to better market share outcomes and stronger connections with audiences.
Deep dives
The Importance of Customer Promises in B2B Marketing
A clear customer promise plays a crucial role in B2B marketing, serving as an articulation of the value offered to clients. Research highlighted that campaigns explicitly containing customer promises significantly outperformed others across various brand metrics, such as brand consideration and market share. Notably, only about 18% of B2B campaigns included a customer promise, compared to around 40% in B2C campaigns, suggesting marketers may struggle to understand how to convey these commitments effectively. The discussion emphasized that delivering a promise not only builds trust but also enhances overall marketing effectiveness, guiding long-term business relationships.
Challenges in Crafting Customer Promises for B2B
B2B marketers often face unique challenges in crafting effective customer promises due to the complexity and customization of their offerings. Unlike B2C, where emotional and straightforward promises can be more readily articulated, B2B promises involve deeper considerations regarding efficiency and growth. The prolonged sales cycles and shifting customer expectations require B2B organizations to develop fluid and adaptable promises that reflect ongoing negotiations and tailored solutions. This complexity may lead to fewer brands successfully communicating their value proposition, emphasizing the need for a more robust understanding of customer needs.
Emotional Resonation and Brand Metrics
The conversation pointed out that successful B2B campaigns often leverage emotional promises even in a transactional landscape, enhancing how brands connect with their audience. Specifically, campaigns which make emotional commitments tend to yield significantly better results, helping them stand out amidst the competition. Research indicated that campaigns with a customer promise were nearly three times more likely to increase market share and improve brand health metrics. This correlation reaffirms the necessity for B2B marketers to transition from brand-centric messaging to a customer-focused narrative that addresses real human needs.
Value of Customer Promises Across All Budgets
Intriguingly, the research demonstrated that the effectiveness of customer promises holds true regardless of campaign budgets, duration, or the number of channels used. Smaller brands, especially during tight budget periods, can gain significant competitive advantage by committing to clear and memorable customer promises. The findings suggest that ensuring a promise is explicitly communicated could lead to markedly improved campaign performance, even with limited resources. Thus, focusing on clarity and authenticity in promises is pivotal in fostering lasting business relationships and driving positive results in both B2B and B2C marketing.
WARC's Paul Stringer talks to Mimi Turner, Head of Marketplace Innovation at LinkedIn, Harjot Singh, Global Chief Strategy Officer at McCann & McCann Worldgroup, and James Hankins, Global VP Marketing, Strategy & Planning at SAGE. Discussing the value of making a promise to the customer in B2B marketing.
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