B2B: the rational business model, appealing to business decision makers through a compelling and objective case for tangible value. Surely branding, the X factor which appeals to the irrational side of the consumer, would do nothing for the rational decision making process involved in B2B purchases. Not so much. There are two underlying assumptions that should be challenged here:
1. That brand appeal is purely aspirational, not logical.
2. That the B2B purchasing decision is completely rational.
When a company delivers consistent value over time, effective branding makes their brand a symbol of reputation. A proxy for reputation becomes key when business decision makers are faced with a glut of information on functions, features, benefits and pricing. A brand serves as a heuristic, a shortcut for decision making, in an increasingly commoditized B2B marketplace.
The company’s reputation was built on real value – enter logic. Now, a business decision maker can take the luxury of facilitating his decision by basing it on the brand equity that a company has worked hard to build and maintain. As a result, not only can they bypass some of the extensive analysis of myriad data, metrics, and models, they can feel better about their decision afterwards.
Your brand can provide convenience and peace of mind to your customers. In return, your brand can give you permanent differentiation, being the inimitable factor when functionalities can be replicated and prices can be undercut.