Understanding the Role of the Buyer's Committee in B2B Sales on LinkedIn

Understanding the Buyer's Committee in B2B Sales

• In B2B sales, the buyer's committee often plays a crucial role in the purchase decision. While the end user may be interested, the committee members are the ones who need to sign off on the purchase.

• It is important for the end user to campaign internally to gain support from the buyer's committee, but it can also be beneficial for businesses to actively engage with the committee members.

• Acknowledging the upcoming changes on LinkedIn, it's important for advertisers to be aware of the transition from message ads to conversation starter ads. This transition will impact the way ads are delivered, and advertisers need to adapt to ensure minimal disruption to their campaigns.

• LinkedIn's introduction of the conversation starter ads as a replacement for message ads will impact ad formats and targeting options. Advertisers need to stay updated and adapt to these changes to continue reaching their target audience effectively.

• The implementation of the A/B testing tool by LinkedIn signifies a significant development for advertisers. This tool will enable advertisers to test different variables such as ad format, creative content, audience, and placement to optimize ad performance.

Understanding the Buyer's Committee in B2B Sales

Understanding the Buyer's Committee in B2B and B2C

• In B2B, buying decisions are more complex, take longer, and involve more people. Purchase decisions often come from a budget rather than individual wallets, leading to larger deal sizes.

• The buyer's committee in B2B includes the end user (pain feeler), the boss of the end user, the boss's boss, anyone responsible for the budget, and often someone from the finance department in larger purchases.

• Emotional decision-making still plays a role, but in B2B, decisions must be rationalized to others, leading to a more complex sales process with larger deal sizes, providing more data for analysis.

• In B2C, while there is still a buyer's committee with decision-making involving partners or family members, it functions differently from B2B and typically involves shorter, less complex buying decisions.

Understanding the Buyer's Committee in B2B and B2C

Targeting the Buyer's Committee with LinkedIn Ads

• Smaller companies might have the CFO or VP of Finance as the main decision-maker for purchasing, while large companies usually have a dedicated role for procurement or vendor onboarding.

• It's important to identify the key roles in the buyer's committee by talking to sales reps and listening for statements about getting sign-off from specific roles within the organization.

• Reaching the buyer's committee with LinkedIn ads can significantly contribute to brand awareness, which is crucial because members of the committee need to have confidence in the vendors they approve.

• Setting up a separate campaign to target the buyer's committee is essential for better reporting, micro-segmentation, and delivering different messages and offers compared to targeting the end user.

• Ad formats like text ads and sponsored content work well for reaching the buyer's committee, with text ads being low-cost and high on impressions, and sponsored content providing good brand awareness.

Targeting the Buyer's Committee with LinkedIn Ads

Targeting the Buyer's Committee on LinkedIn

• When targeting the buyer's committee on LinkedIn, it's important to consider the messaging and calls to action. The ad copy targeted at the end user or Ideal Customer Profile (ICP) should address a specific pain point, while the messaging to the buyer's committee should be more high-level, focusing on creating brand awareness.

• The call to action for the buyer's committee should aim to help them learn more rather than directly prompting them to take immediate action. It's important to understand that the goal here is not just a click, but to repeatedly capture their attention and gain mind share.

• As for offers, it's recommended to provide ungated resources such as blog posts, web pages, or videos that tell the story of the company's trustworthiness and its ability to solve the pain points. Keeping the resources ungated helps avoid adding friction for the buyer's committee.

• In terms of targeting, using the company name is essential when reaching the buyer's committee. This allows the ads to specifically target individuals within the organizations that make up the buyer's committee, ensuring that the messaging reaches the right audience.

Targeting the Buyer's Committee on LinkedIn

Key Points for Targeting Company Audiences on LinkedIn

• When targeting company audiences on LinkedIn, it's important to input the names of the companies or upload a list of up to 300,000 companies as a matched audience.

• Layering on the roles at those companies using job function and seniority is crucial for reliable targeting, especially when aiming for larger audiences.

• Targeting by company may result in smaller audience sizes, so it's essential to maximize reach by including job functions and seniorities that are part of the buyer's committee.

• For broader buyer committee campaigns, the aim is to target not only the end user but also their co-workers, superiors, and even procurement roles in larger companies.

• Excluding individual roles from the contact list is possible, but reaching a wider audience within the company structure is the primary goal.

• Uploading a matched audience as a full company list after stripping out individual contact information from Excel can be a powerful targeting strategy on LinkedIn.

Key Points for Targeting Company Audiences on LinkedIn

Conclusion:

Effectively targeting the buyer's committee on LinkedIn can contribute to brand awareness and optimal engagement. Adapting to changes in ad formats and using the right messaging and offers is crucial for successful B2B marketing on LinkedIn.