A recent Hotwire research challenges the traditional marketing assumptions as decision makers reveal what influences them. According to the findings of a joint report from Active’s international network Hotwire and Vanson Bourne, one in four (24 percent) decision makers say Facebook is their preferred social channel of choice when seeking information on a purchasing decision, ranking it ahead of Twitter and LinkedIn.
The report called ‘The Changing Face of Influence’ examines where senior decision makers look for information. The findings challenge the widespread belief that Twitter and LinkedIn are the most effective social channels for B2B marketing.
The survey of 1,000 business decision makers on their habits, preferred channels and the sources of information that influence their purchasing decisions, reveals Facebook is more frequently used when making purchasing decisions than LinkedIn.
The report reinforces the importance of social media as a source of information for decision makers. Around 87 percent of decision makers cite traditional media sources and social media as being equally important as sources of information and as reference points for purchasing decisions.
“It’s time to put to bed the myth of some channels only being suitable for B2B comms and others for B2C. Social media has eroded these divides and created an environment where what matters is how compelling the story is, not where decision makers see the story. We need to stop making assumptions about what our audience want and allow research and insight to guide how we create multichannel campaigns. B2B businesses who ignore channels because they view them as only being for consumer are in for a rude shock when they realize no one cares about the channels they’ve lovingly invested in,” shared John Brown, Group Head of Engagement, Hotwire.
“For us here in the Middle East this report is still very relevant as it make us think about how social media is changing marketing and, if we are to be effective consultants, then how we advise our clients,” added Louay Al-Samarrai, Joint Managing Director, Active.
Other key findings from the research include:
#1. 41 percent of decision makers say the single biggest change vendors can make is by sharing more external opinion as part of their overall marketing strategy.
#2. Marketing decision makers are more likely to engage with newer outlets which have a digital only focus – Business Insider and Huffington Post are the two most widely read publications among marketers and Business Insider was the most consulted publication throughout the buying process.
#3. Nearly half of decision makers proactively seek out case studies when researching vendors, while just a third look for research that the vendor has commissioned.
#4. Decision makers still lack information when it comes to making their final purchasing decision – 37 percent of respondents say they find it difficult to find relevant information when they are at the final stage of the buying process.
