As an MSP, VAR, telecom agent, or telecom carrier, it’s vital for you to understand IT buyers and the ever-evolving IT buying process. Only when you understand the behaviors of IT buyers can you plan appropriate strategies and tactics to attract them and turn them into customers.
We are also including “homework assignments” along the way to help you create an effective strategy for attracting and nurturing these buyers through your sales funnel.
Great question! The short answer: what used to be simple, is now more complex.
In the past, IT decision makers exclusively carried the title of CIO or IT Director. But today, we’re seeing that decision makers come from many departments within the company, including C-level, finance, marketing and sales, and even HR.
Collaboration on the decision is on the rise and showing no sign of slowing down. So yeah, more cooks in the kitchen.
CompTIA conducted a study involving IT Buyers and their buying habits in 2017. If you have not read this report yet, add it to your must read list. Seriously, there is a wealth of great info here.
Here are some of the highlights:
To support this idea, CompTIA states:
“Many business unit employees are doing their own research into the latest technology solutions to address their specific initiatives and projects. And the resources for them to do so abound.”
(Emphasis added, remember this for later.)
“[You] need to speak the vernacular. Business is the primary language to speak, but exhibiting fluency in the unique dialects for marketing, sales, logistics, HR or finance ups your game even more.“
(Emphasis added, we’ll get to this later.)
Hmmm…this advice sounds familiar. You may have seen it before here.
Homework assignment #1: Define your buyer personas. Go wide AND deep. Meaning, include all the potential titles you may encounter (wide) and get to know as many details about their behavior as possible (deep).
You can no longer only consider the IT staff if you want to grow substantially.
Now that we understand the buyer, let’s take a look at the process. Here are two significant findings:
49% – Ultimate objective for technology is now more business focused
45% – Ideas come from different areas of the organization
36% – More business executives are now involved in decision-making
28% – There are different criteria being used for evaluating technology
27% – Final decision is now made by a different group than the IT department
Again, more collaboration, more departments involved, less focus on the technology itself, and more focus on business outcomes.
Perhaps the biggest shocker for me in the report was this one:
54% – Consult with multiple vendors / third parties before buying
39% – Research and finalize decision on own — before dealing with seller
3% – Rely on third parties
Let’s repeat this one: 39% of IT buyers RESEARCH AND FINALIZE DECISIONS ON THEIR OWN — BEFORE DEALING WITH THE SELLER.
I knew research was a HUGE piece of the puzzle, and has given rise to the content marketing trend, but FINALIZING the decision before contacting sales? This is a BIG DEAL.
How are they researching? This is where we get into…
Research typically begins in one of two ways:
A typical B2B buyer:
Homework assignment #2: Retrace your steps through your last major business purchase. How did you begin your research? What did you search for? To whom did you turn? What types of content did you like and dislike?
While you are not your target audience (and shouldn’t get too caught up in your own buying habits), this exercise should help you identify the different stages of the buyer’s journey.
Throughout the process, you were (perhaps unconsciously) attempting to do the following:
A typical buyer’s journey follows the sales funnel steps and looks something like this:
A few things:
We know this is a lot of info and can seem overwhelming. To simplify, start with the persona you encounter the most, then second most, and so on. Build a content plan for one persona, implement it, and then start on the next one. In no time, your marketing will be attracting all the various decision makers that make up the IT buying process.
We can help support you in these efforts, so give us a shout if you’d like to learn more.
This blog post was originally posted on July 10, 2017 and was updated on December 11, 2018 to reflect new findings.