Enquiro has recently released their second B2B White paper in which they talk about their findings from a B2B survey they conducted. 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.

Go to the Enquiro Research Page to get your copy of the 50 page PDF.

Here's an excerpt from the Executive Summary:

In this study, we were looking for the answer to one question, with several different parts: How important is online research in business to business (B2B) purchase decisions? We certainly believed it to be important, but even we were surprised by just how important respondents to our survey indicated it was to them. We found a heavy reliance on online research in all aspects of the purchase cycle. We also found that as prospects become aware of potential offerings through offline channels, they naturally turn to online sources to find out more about them. For example, a prospect may become aware of a potential offering at a trade show and the first thing they do is go online to find out more about that offering. One of the more interesting findings of the study was just how important those online influencers could be, in many cases matching the influence of traditional offline factors. A vendor website, together with the perennial offline winner, wordof-mouth from a colleague or peer, were both indicated as the most important influencers in a purchase decision. Close behind were search engines, distributor websites, word-of-mouth from friends or paid consultants and online and offline trade journals.

Another significant finding was where this research tends to happen online. General search engines are often the first place people turn to begin their online research session and among the general search engines, Google holds a dominant position, being the first choice of 77.7% of respondents. As researchers begin to research their purchase, they rely heavily on information from the vendor’s own website. Also, as they enter the later research phase and start compiling information to begin the actual negotiation, many purchasers rely on B2B vertical engines to help gather detailed information they require. Other sources of heavily relied upon information included industry websites, distributor websites and offline channels such as trade journals and other industry publications.

Graph showing results of where the users started their research, by phase:

Download the Whitepaper here

Labels: Industry News