The Ultimate Guide to B2B Marketing in 2023 [+ New Data]

Effective B2B marketing is difficult to get right. Between creative demands, budget limits, and channel decisions, marketers have a lot to juggle when developing their marketing strategy.Effective B2B marketing is difficult to get right. Between creative demands, budget limits, and channel decisions, marketers have a lot to juggle when developing their marketing strategy. The biggest determinant of effective marketing, however, is your audience. If you’re not properly targeting your buyer persona, your promotions and advertisements will likely fall on deaf ears. You might as well not be marketing at all. Where target audiences vary the most, though, is between individual consumers and businesses. Some companies serve individual shoppers, while others cater to companies and organizations. Marketing to businesses is very different from marketing to individual consumers. That’s why an entirely different marketing method — B2B marketing — exists, and that’s why we built this guide. By the end of this article, you’ll have a better understanding of B2B marketing, the most effective B2B marketing strategies, and how you can tap into and convert your business audience. Plus, the trends you can expect in the B2B space in 2023, according to new research plus expert tips. What is B2B? B2B stands for “business-to-business,” which refers to a business model where businesses sell products and services to other companies as opposed to consumers. If you’re a new marketer in the B2B space, or a small B2B business owner learning the ropes, B2B marketing can seem new and strange, but not to worry — you’ll soon learn it’s not so different from typical consumer marketing, and we’ll go over everything you need to know so you can create an effective B2B marketing strategy. The purpose of B2B marketing is to make other businesses familiar with your brand name, the value of your product or service, and convert them into customers. HubSpot is an example of a company that engages in B2B marketing. HubSpot’s customers are other businesses, not individual consumers. Therefore, all of our marketing efforts can be classified as B2B. B2B vs B2C Marketing B2B and B2C (business-to-consumer) marketing are very different. B2B and B2C marketing differ in their respective strategies and applications, as well as in their audiences and how they communicate with them. B2B marketing targets the needs, interests, and challenges of individuals who are making purchases on behalf of, or for, their organization (rather than for themselves), thus making the organization the customer. Here are a few examples of B2B companies: A coworking space that leases office spaces to remote teams and freelancers (like Spaces) An on-demand order fulfillment, warehousing, and screen printing service (like Printful) A marketing software company that sells social media management tools, lead generation software, and other marketing tools to businesses and organizations (like HubSpot!) B2C marketing targets the needs, interests, and challenges of individual consumers who are making purchases on behalf of, or for, themselves, thus making the individual the customer. Here are a few examples of B2C companies: An e-commerce company that sells