Netline, a lead generation company headquartered in Campbell, CA whose client list includes software giant Cisco Systems and other enterprise companies, has published its seventh annual landmark survey that investigates the link between B2B marketing content and the intent to make a purchase. Based on data collected from 38,000 B2B professionals during 2022 and published in March 2023, the survey (again) confirms that those who purchase B2B products and services rely on marketing content to provide information that will successfully guide them through the buyer’s journey.
The survey authors noted that in the seven years since Netline has published the report, they’ve learned that “content consumption is directly correlated with future investment. [It] is directly driving investments within the next 12 months. The more your audience consumes, the more likely they are to be closing in on a purchase decision.” Furthermore, it was suggested that B2B businesses “take a look at their downloads” to discover which content has been viewed and analyze the impact that specific content has on purchasing.
Professionals in the following fields were the top 10 viewers of B2B content in 2022:
- Information Technology
- C-suite execs
- Human Resources
- Business (general)
- Engineering
- Education
- Finance/Accounting
- Marketing
- Sales
- Medical/ Health
Size matters
C-Suite execs at small and mid-sized businesses, that is, organizations with 100 or fewer employees, consumed 96% more marketing content in 2022 as compared to 2021. Conversely, C-Suite execs at companies employing 100 -1,000 and 1,000+ saw declines in content marketing readership of -23.5% and -56.7%, respectively. The question was not specifically asked, but survey administrators theorize that because inflation and economic instability can impact small businesses earlier and more severely than national and multinational companies, leaders and owners of smaller entities are taking action to improve the ROI of major purchasing decisions as a way to shield their organization from adverse financial conditions. Making good use of relevant marketing content seems to be part of their strategy.
The top 10 most popular B2B content topics in 2022:
- Information Technology
- Marketing
- Human Resources
- Finance
- Operations
- Management
- Sales
- Manufacturing
- Healthcare & Medical
- Engineering
B2B content consumption predicts buying decisions
The confidence that B2B buyers place in marketing content has influenced its popularity and likely fueled the 18.8% year-over-year surge in readership that occurred in 2022. Some formats are considered more impactful than others by decision-makers and are therefore more closely linked to the buying decision. For example, readership of white papers is correlated with an upcoming B2B purchase. Readers of white papers consider the format to be the content marketing version of scientific studies. By contrast, e-books are less rigorous and more utilitarian, designed to present actionable information about products and services as transparently as possible.
C-suite executives are 20.7% more likely to request white papers than the overall population of B2B professionals and white paper consumption increased 21% in 2022. White papers are usually regarded a bottom-of-funnel resource and closely related to the purchasing decision, while e-books are closer to the top-of-funnel and considered a more utilitarian format that has many uses, from a perk awarded in exchange for obtaining a prospect’s email address (list building) to an example of thought leadership.
Registering for a webinar is another clear indicator of a prospect’s intent to purchase. Also, as you’d probably guess, discussing your product or service with C-Suite execs, Senior or Executive VPs, or the company owner predicts a purchase decision within 3 months.
- Pre-recorded (on-demand) webinars 50% more likely to buy within 6 months than consumers of other content
- Live webinars 25.4 % more likely to buy within 3 months than consumers of other content
- E-books 10.4% more likely to buy within 3 months than consumers of other content
- Software trials, best practices guides, executive briefs and how-to guides also associated with a purchase within 3 months
No one knows what the economic picture will look like at the end of 2023. Despite the uncertainty, the survey demonstrates that there are still plenty of B2B professionals who will be looking to pay for a solution that best suits their needs. When Freelancers and other business owners create and post content marketing information, in particular formats that signal an imminent buying decision, they’ll be in a much more favorable position to engage with the right prospects at the right times.
A welcome bright spot revealed by the survey is that 33.4% of survey respondents planned to make a B2B purchase decisions within the next 12 months, representing a year-over-year increase of 8.8%. In other words, statistically speaking, there is money to be made this year. While several worrisome factors cloud the economic predictions for 2023, and the survey data was collected in 2022, a cautiously optimistic view of the survey response appears to be reasonable.
Not so much
On a final note, newsletters remain a viable content marketing format. While not in the top 10 of most popular content marketing resources, survey respondents increased their subscriptions to newsletters by an eye-popping 307.2% year- over-year in 2022. Other top-of-funnel resources that are not closely linked to an immediate purchase are:
- Courses
- Tips and tricks
- Reports
- Guides
- Checklists
- Trend reports
- Cheat sheets
Here’s the link to the full report: https://img.netline.com/images/netline/assets/2023-Content-Consumption-Demand-Report-NetLine-Final.pdf
Thanks for reading,
Kim