B2B Buyers Most Concerned About Transparent Costs on B2B Companies' Websites, Highlighting Importance of Trust in B2B Sales Funnel

WASHINGTON, Feb. 26, 2020 /PRNewswire/ -- B2B buyers prioritize transparent information about cost when reviewing the websites of B2B software and services companies, finds a new survey from Clutch, the leading B2B ratings and reviews platform.

One in four B2B buyers (25%) rank transparent cost information as the most important element of a software or services company's website, followed by case studies/testimonials (23%) and immediate access to information (17%).

The report shows that B2B services and software companies must proactively build trust with customers through their online presence. B2B buyers use increasingly more information sources to evaluate both services and software, though.

Thirty percent (30%) of B2B buyers now rely on more information sources — search engines, industry-specific content (e.g., blogs, whitepapers, etc.), and online reviews — to hire a business services provider compared to previous experiences. Similarly, more than 1 in 4 B2B buyers (26%) rely on more information sources to invest in software than in the past.

"Ensure your brand story, in the form of reviews, ratings, or references, is available in as many forms and across as many sites as is relevant," said Eric Quanstrom, CMO at Cience, a lead generation company in California.

Companies offering business services or software should work to increase trust across their whole online presence — not just their website.

Nearly All B2B Buyers Use Online Reviews to Evaluate Purchases

The survey found that 94% of B2B buyers have used an online review to help make a B2B buying decision. Furthermore, nearly half of B2B buyers (47%) read at least six reviews in the process.

Not all reviews are created equal, however. Half of B2B buyers (50%) say the validity of an online review is more important than its overall score (22%) or recency (11%).

"There's so much 'noise' on the internet that it's challenging to find good, honest, reliable reviews about vendors," said Greg Fung, North American partner specialist team manager for HubSpot, a marketing software company. "However, there are usually a few trusted review sites for most industries, and it's well worth a vendor's time, attention, and resources to show their best selves in those arenas."

B2B buyers most commonly read online reviews on companies' websites (68%), followed by search engines (61%) and B2B ratings and reviews sites (53%).

Third-party platforms, such as a B2B ratings and reviews site, can be a better source of unbiased, holistic reviews of a service or software compared to a company's website.

Read the full report: https://clutch.co/consulting/resources/b2b-buying-process

Clutch surveyed 451 employees who were involved in helping their business hire a service provider or invest in software in the past 12 months.

For questions about the survey or a comment on the findings, contact Riley Panko at [email protected].

About Clutch

Clutch is the leading ratings and reviews platform for IT, marketing, and business service providers. Each month, over half a million buyers and sellers of services use the Clutch platform, and the user base is growing over 50% a year. Clutch has been recognized by Inc. Magazine as one of the 500 fastest growing companies in the U.S. and has been listed as a top 50 startup by LinkedIn.

Contact
Riley Panko
[email protected]
(202) 899-2779

SOURCE Clutch