1 in 2 B2B Marketers Can't Reach Their Goals
BOULDER, Colo., Oct. 8, 2024 /PRNewswire-PRWeb/ -- Pipeline360, Integrate's media business, revealed new survey results from the "H2 2024 State of B2B Pipeline Growth" report. The survey found that about 50% of B2B marketers can't reach their goals for this year, but when teams are completely aligned on Sales and Marketing efforts and take a Branded Demand approach that incorporates both content syndication and display, 80% are able to reach their goals – representing a 60% increase. The survey further examined key challenges, channel usage, sales & marketing alignment, genAI usage, sales cycle length, and data privacy. This study is follow-on research from "The H1 2024 State of B2B Pipeline Growth" conducted with global research and advisory firm, Demand Metric.
The survey found that B2B marketers' top three challenges are budget and resource constraints (48%), economic slowdown (46%), and sales and marketing alignment (44%).
To adapt to fewer resources, 62% are consolidating teams and/or job responsibilities, 39% are relying on AI, and 39% are relying on contractors or agencies.
Meanwhile, 85% of B2B marketers are leveraging genAI and 76% are satisfied or very satisfied with their gen AI results.
"The current B2B market is very challenging, making it crucial that marketers not only focus on today's best practices but also explore the potential of new and emerging solutions," said Tony Uphoff, President, Pipeline360. "These survey results suggest that the future of B2B marketing will require a closer alignment with sales, the need to create memorable brand experiences that generate demand and foster long-lasting customer relationships, and embracing new solutions and technologies such as genAI."
For those who say their marketing and sales teams are completely aligned:
- 75% are able to meet goals to a great or very great extent (vs.53% overall)
- 91% able to reach their buying groups (vs. 74% overall)
- 85% say they are satisfied or very satisfied with their lead gen process (vs. 67% overall)
- 86% are satisfied or very satisfied with the quantity of leads (vs. 64% overall)
- 86% satisfied or very satisfied with the quality of leads (vs. 69% overall)
- 76% able to meet lead generation goals to a great or very great extent (50% overall)
Meanwhile, for those who don't use content syndication and/or display advertising, the numbers skew significantly lower:
- 42% say they are able to reach goals (vs. 53% overall)
- 65% are able to reach their buying groups (vs. 74% overall)
- 34% are able to reach lead gen goals (vs. 50% overall)
- 55 % are satisfied or very satisfied with their lead gen process (vs. 67% overall)
- 55% satisfied or very satisfied with quality of leads (vs. 69% overall)
- 57% satisfied or very satisfied with the quantity of leads (vs. 64% overall)
The most used channels for lead generation are (1) email marketing (63%), (2) social media (61%), and (3) influencer marketing (49%), with digital display advertising (47%) coming in fourth, and content syndication (34%) coming in eighth.
When it comes to content syndication, 78% are satisfied or very satisfied with the quality of content syndication leads, yet 35% cited poor lead quality as the reason for not using content syndication.
"Lack of alignment with Sales and Marketing creates silos in brand and demand, leading to a misuse of the tools available to every B2B marketer," said Uphoff. "Our data suggests that to succeed in today's market, B2B marketers must move away from unbranded leads and invest in a Branded Demand approach that ensures reach, high quality leads, and pipeline impact."
The "H2 2024 State of B2B Pipeline Growth" report was fielded in May-July 2024 to 424 respondents across the U.S. and UK. Download the full report here or read an in-depth analysis of the results in our blog "Unlocking B2B Growth: Insights from Our Latest Study on Pipeline Success."
About Pipeline360
Pipeline360, Integrate's media business, offers solutions that combine three powerful demand generation tools: targeted display, content syndication, and a comprehensive marketplace model. Pipeline360 ensures that marketers achieve 100% compliant and marketable leads by effectively engaging with audiences much earlier in the buying cycle, connecting with buyers at every stage of the process, and optimizing programs to drive performance.
Pipeline360 enables a strategic, holistic demand generation approach tailored for the reality of today's B2B purchasing process. Customers include high-growth and enterprise organizations like Salesforce, Cisco, Dell, Writer, and VMware. For more information, please visit www.pipeline-360.com.
Media Contact
Erica Perng, Pipeline360, 1 623-289-6990, [email protected] , www.pipeline-360.com
SOURCE Pipeline360
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