b2b and b2c: what is the differenece and where is my biggest opportunity
TRANSCRIPT
B2B and B2CWhat is the difference and where is my biggest opportunity?
Marco PenaDecoNetwork
Business Development Manager
B2C
● Business to consumer in which a company sells direct● Online and offline● Online – customink, café press, zazzle, amazon● Offline – stores fronts, mall kiosk, resturants● Born in the late 1990s with the dotcom boom● Emotional purchase
B2C is a Huge Market
Let’s talk about our market
Who are the clients buying from?
Grew 12 FOLD in9 YEARS
to over$1.9 Bn in 2012 with
16 million uniquewebsite visitors /
month
<2
%} $100
Bn
So when do I put a down payment on my private island?
Doable but Not Easy
● Secure a URL● Have a site that is professionally created● Offer products that people want and are willing to trust you with their
credit card● Have UVP● Drive traffic to the site organically● Have a budget for PPC● Constant digital marketing strategy
Broad Search
Paid Advertising
Organic Search
Google my Business
Area Search
Paid Advertising
Organic SearchNow shows Yelp
Google my BusinessNot listed in broad search
This is where you want to be
This is Cost Per Click - $.40 per click
You bid for keywordsagainst other advertisers
You set a daily total.You pay a fee per click.
“Custom T-Shirts” = $0.42Daily total: $10.00
= 23 visitors to your site
Goal – 25-50%
▪Bounce Rate: Percentage of single page view visits to a website
Bounce Rates
Conversion Rates▪Conversion rate – percentage of people that purchase once
they visit your site.
▪Average is 2% - 3%
▪But you shouldn’t be average
▪Drive the right type of traffic
So where is my biggest Opportunity?
Business 2 Business
B2B● Business to business in which a company sells to other businesses● Online and offline● Typical clients
● Restaurants● Real Estate agents● Sports clubs● Schools
● Lower sale price but higher margins● Larger orders, more buying power● Lower cost for you● Non emotional purchase
According to a recent Forrester Research report
B2C = $252 Billion B2B = $559 Billion
Business Hub orders
Online orders
Where do I start
● You have already started● Grow what you already have● Give them a better experience
● Affiliate Stores ● Campaign Stores
● Encourage reorders● Super easy on DecoNetwork!
● Motivate them to share their experiences
B2B vs B2C?
B2C● Ideal for custom work● Ideal or small runs● Higher marginsBut…….● Labor cost are very high● Inconsistent orders● Expensive to build a brand
B2B● Larger orders● Biggest market opportunity by 85%● Much lower management costBut…….● Mistakes can cost you BIG● Market trends point to B2C, so it
seems● Need to have working capital
So where should I focus on?
● Both!● Focus on B2B first● B2B will be 75%-85% of your business so focus most of your
resources on B2B● Concentrate on schools, sports (recession proof) and fundraising● Setup up sites for local businesses
● Salons● Gyms● Restaurants
● Over time introduce a line that are B2C focused
ResourcesGive us a callBrian (562) 320-8771 x109
Send us an [email protected]
Sign Up todayhttp://www.deconetwork.com
Special Gift from DecoNetwork
Non DecoNetwork users get a FREE trial(562) 320-8771 x109
Special Gift from DecoNetwork
DecoNetwork users: Attend 3 Webinars and receive a DecoCoach Lite Silver package FREE
(562) 320-8771 x109