
Enquiro Study demonstrates how Vertical Search becomes more
important as Business to Business (B2B) Purchasers move through the
Buying Funnel
Enquiro’s survey data shows that when it comes to business to
business buying decisions, online influences such as vendor
websites, search engines, and industry information websites are
surpassing offline influences such as word of mouth and trade
publications.
New York, NY – April 13, 2007 – Enquiro CEO & President, Gord
Hotchkiss unveiled findings yesterday from the latest Enquiro survey
conducted with B2B purchasers. The presentation, which took place at
the Search Engine Strategies Conference & Expo in New York, gives
marketers information about influencing factors in
business-to-business buying decisions.
The objective of the survey, conducted with over 1000 B2B buyers,
was to discover how people research B2B buying decisions online and
how this varies by role within a company and by purchase phase. How
do people navigate from awareness, through research and negotiation
phases to the actual purchasing decision? What is the balance
between online and offline influences? Do purchasers use search
engines, and if so, which search engines and why? Do they use
specific B2B search engines? When do they refer to a vendor’s site
or an industry information site and what do they look for
specifically?
Enquiro’s survey data shows that when it comes to business to
business buying decisions, online influences such as vendor
websites, search engines, and industry information websites are
surpassing offline influences such as word of mouth and trade
publications. Also, nearly 70% of users use search engines as a
primary research resource, and Google remains the first choice for
B2B purchasing research. In his presentation, Gord Hotchkiss showed
how, “Vertical search becomes more important as buyers move through
the sales funnel. In the researching phase, a purchaser is five
times more likely to turn to a generic search engine for
information.” Hotchkiss added, “However, as the purchaser moves from
researching to negotiating, that gap closes, where nearly a third
will look to vertical search engines such as business.com or
KnowledgeStorm.”
The B2B survey has been supported by MarketingSherpa which was also
a partner for Enquiro’s 2004 paper titled The Role of Search in
Business to Business Buying Decisions. A newly added sponsor for
this follow-up study is ZoomInfo. “As a leading business information
search engine, ZoomInfo is a stakeholder and natural partner in the
research that we are conducting,” says Bill Barnes, Enquiro’s EVP of
Business Development. “They, along with others in the B2B vertical,
will benefit from new data that is being released.”
Further information on this B2B research is available through
Enquiro’s website. The comprehensive findings will be released as a
whitepaper on the same website on April 30.
About Enquiro
One of North America’s leading search marketing firms, Enquiro helps
B2B clients maximize their online presence through balanced
marketing solutions. Its strategies are based on industry research
and expertise in usability, and natural and sponsored search.
Enquiro has also authored eye-tracking studies which have given
marketers a greater understanding of user interaction with the major
search engines and defined “Google’s Golden Triangle.”
About Gord Hotchkiss, President & CEO, Enquiro
Gord has been active in the marketing and advertising industry for
18 years. Starting as an award winning radio copywriter, he founded
Hotchkiss Advertising Inc. in 1988. He has extensive experience
creating and implementing marketing strategies for businesses in all
sectors. Since 1997, he has focused primarily on website design and
online marketing. Gord serves as an expert on online marketing for
both the Gerson Lehrman Group and the Round Table Group. He is
current chairperson of the Search Engine Marketing Professionals
Organization (SEMPO) board. He also writes a regular column on
search strategies for MediaPost publications and for enquiro.com’s
NetProfit column.
Contact:
Andrew Spoeth, Director of Marketing
Enquiro Search Solutions, Inc.
1628 Dickson Ave., Suite 300
Kelowna, BC, Canada V1Y 9X1
1.800.277.9997
andrew.spoeth@enquiro.com |