B2B Advertising in 2024: The Definitive Guide

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Silvio Perez

Today I’m going to give you a crash course in B2B advertising.

In this comprehensive guide I’ll cover:

So if you need to get up-to-speed on B2B as quickly as possible, you’ll love this guide. 

Let’s get started 🔥

What Is Business-to-Business Advertising?

B2B advertising is the process of any paid marketing efforts directed toward influencing multiple individuals within a company for a purchase decision (known as a buying committee) vs a single consumer.  

7 Differences between B2B and B2C Advertising:

  1. Longer sales cycles (3 - 36 months)
  2. Larger average deal sizes (< $1,000 - $250,000+)
  3. More stakeholders involved in the purchase decision (ex: c-suite, finance) 
  4. Focus on impacting the entire buyer's journey not just the first conversion (unlike B2C). 
  5. Smaller audiences (< 300,000) with a focus on reaching the right person and company vs B2C with broad audiences ( > 300,000) as more people can purchase your product. 
  6. B2B requires strategic alignment between marketing and sales as you’re joining forces (inbound and outbound) to win accounts.  
  7. B2B supports multiple revenue models, the big three being; product-led, sales-led, and hybrid. Whereas e-commerce is solely product-led. 

20 B2B Terms and Metrics you Need to Know

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One of the first things you realize when you get into B2B is how much jargon there is! MQL, SQL, ACV, ARR, and the list goes on! 

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In order to make sure you understand the language, here’s 20 B2B terms and metrics you need to know:

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Terms & Metrics Definition
Lifecycle stages The steps in which a person goes from expressing interest to becoming a customer. Example: Lead → MQL → SQL → Opp → Won
Lead scoring The process of automatically scoring leads.
Lead Someone that has expressed interest by giving their contact information (ex: email address) in exchange for the offer you provided.
Marketing Qualified Lead (MQL) A lead that has been marked qualified by achieving a certain amount of points based on the company's lead scoring model.
Sales Qualified Lead (SQL) A lead that has been qualified by sales directly.
Opportunity (Opp) An open deal that has the possibility of becoming a customer.
Sales Qualified Opportunity (SQO) An open deal that has been vetted by sales directly and meets qualification criteria.
Pipeline The total amount of potential revenue from open opportunities.
Closed Won A deal that has been converted successfully into an existing customer.
Annual Contract Value (ACV) The total revenue amount a contact is worth over a 12-month period.
Monthly Recurring Revenue (MRR) The total amount of revenue that is generated on a monthly recurring basis.
Average Revenue Per User (ARPU) The average amount of revenue generated over the lifespan of a user.
Account Based Marketing (ABM) A strategy focused on driving awareness and conversion from a specific list of companies.
Pipe-to-Spend The total amount of pipeline generated for every dollar spent.
Customer Acquisition Cost (CAC) The total cost to acquire a customer.
Business Development Representative (BDR) A sales rep responsible for outbound.
Sales Development Representative (SDR) A sales rep responsible for inbound.
Net New The acquisition of brand new customers.
Expansion Driving more revenue from existing customers.
Ideal Customer Profile (ICP) The perfect person your product can benefit.

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Unfortunately there are many more terms you’ll need throughout your B2B career 😂 and every company creates their own (it’s a constant struggle) but these 20  will give you a solid foundation. For a great list of b2b terms check out our B2B Advertising Glossary.

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Top 3 B2B Revenue Models

If you’re working in B2B there are three common revenue models you’ll likely work with. 

If your job is to promote this organization, understanding the revenue model is key as it will change everything from how you approach your strategy, the offers you choose, channels, and more. 

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Revenue Model Definition Example Offers Example Companies
Sales-Led A sales-led B2B organization leverages people to educate and nurture prospects throughout the buyer's journey. This looks like a prospect requesting a demo to speak with a sales rep to learn more. Syndio
Product-Led A product-led B2B organization allows prospects to try their product self-serve in order to learn more. This looks like a prospect signing up for a free trial and trying the product themselves. Mixpanel
Hybrid A hybrid B2B organization leverages both a sales-led and product-led approach to educate prospects. This looks like having both a free trial option and talk to sales available for prospects depending on what their preference is. Logikcull

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Syndio’s platform landing page example highlighting the "schedule a demo" call to action button as a sales led company example
Sales Led - Syndio
mixpanel landing page example showcasing the sign up for free and the watch quick demo call to actions buttons as a product led company example
Product Led - Mixpanel
logikcull landing page example showcasing the try for free and the get a demo call to action buttons as a hybrid (product led and sales led) company example
Hybrid - Logikcull

B2B Ad Examples by Revenue Model:

Sales Led

Image 1 Image 2 Image 3

Product Led

b2b ad example miro b2b ad example trainual b2b ad example loom3

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‍How to build a full-funnel B2B Advertising Strategy ‍

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Now that you know how B2B differs from B2C.

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How do you build a full-funnel B2B advertising strategy?

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Full-funnel refers to building a strategy that covers all touch points along the customer journey. 

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This means advertising to individuals who are (e.g. Eugene's Schwartz Stages of Awareness):

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  • Unaware = have no clue they even have a problem in the first place (ex: blissfully mismanaging customer relationships)
  • Problem Aware = know they have a problem but are not sure how to solve it (ex: realize managing customer relationships is important but don't know how).
  • Solution Aware = need help deciding on the right solution (ex: should I use Google Sheets, a filing cabinet 😂 or a CRM?). 
  • Product Aware = know of your brand/product but not sure if you're the best option (ex: comparing CRM software; Salesforce vs HubSpot vs Pipedrive).
  • Offer Aware = know of your brand and exactly how you can help but need some nudging (ex: pricing discounts, better contract terms, customer references).
  • Most Aware = Existing customers, familiar with your brand and working with you (ex: referral program).

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Understanding your prospects' stage of awareness allows you to create messaging, and offers that better resonate with where they are in the customer journey. 

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It helps to have a model (think of it like a map) to make complicated topics simple. 

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We’re going to use The Five Stages model covered in our course Building a Paid Media Program.

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Image Description

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Here’s how it works:

Based on the stage; the outcome, awareness level, offers, tactics, and KPIs differ.

  • Outcome = the end goal you're trying to achieve in each stage.
  • Awareness = the familiarity level of your brand/product/solution.  
  • Offers = what you're providing your target audience in each stage.
  • Tactics = how you're going to actually execute your strategy per stage.
  • KPIs = how you're going to measure success in each stage. 

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Let's dive into examples for each stage so you really understand!

The Five Stages Model

Stage 1: Create

Outcome Build brand affinity & trust (raving fans)
Awareness Unaware, problem aware
Offers Educational content & thought leadership
Tactics Boosting content with sponsored paid social ads
KPIs Cost per consumption, blended cost per opportunity

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Stage 2: Capture

Outcome Convert interest from in-market buyers
Awareness Solution aware, product aware
Offers Demo requests, free trials
Tactics Bidding on high intent keywords, paid listings, retargeting
KPIs Pipe-to-spend, direct cost per opportunity, ROI

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Stage 3: Accelerate (Sales Led) / Activate (Product Led)

Outcome Help sales close deals faster / get free users to convert
Awareness Offer aware
Offers Testimonials, case studies, events, webinars
Tactics Sponsored paid social ads
KPIs Pipeline velocity, paid signups

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Stage 4: Revive

Outcome Restart closed lost opportunities
Awareness Offer aware
Offers Incentivized demo requests, guided trials
Tactics LinkedIn conversation ads
KPIs SQOs created, blended cpSQO

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Stage 5: Expand

Outcome Drive revenue from existing customers
Awareness Most aware
Offers Referral program, Certification program
Tactics Sponsored newsletters/partnerships
KPIs Influenced SQOs created, Expansion revenue

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The Five Stages model allows you to plan across all the lifecycle stages past initial conversion. 

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Ultimately no one knows for certain where someone is in their buyer's journey and everyone moves through it at different speeds. Use your best judgment. 

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If you're confused on which stage someone would be, remember the target audience's level of awareness dictates the stage they fall under. 

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Which stage should you invest in? 

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Generally speaking if you want to maximize ROI in the short-term you should work from the bottom of the Five Stages and move towards the top (Expand → Create).

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Stage Budget Required due to Audience Size Estimated ROI Timeline Estimated Difficulty
Create High > 90 days High - requires strong content strategy and unique POV
Capture Moderate < 45 days High - usually stiff competition & expensive costs
Accelerate / Active Low varies based on sales cycle Low - familiar with your product and considering it
Revive Low < 45 days Low - familiar with your brand and expressed interest in the past
Expand Low < 60 days Medium - existing customers, hard to scale due to small audience sizes

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You don't have to build a full-funnel strategy at once, take it one stage at  a time.

Putting The Five Stages into practice

  1. Decide on which stage you want to focus on based on the outcome you’re after. If you have a smaller budget (ex: < $5,000/month) focus exclusively on one stage first. 
  2. Once you’ve decided on the stage fill in your budget, and leading + lagging KPIs. If you’re unsure of what KPIs to select refer to Module 5- Lesson 1 of Building a Paid Media Program.‍
  3. Next decide on which channels you’ll advertise on to reach individuals in this stage and how you’ll target them and exclude the wrong audience. If you’re unsure of what channels to advertise on, refer to Choosing the BEST channels. 
  4. Finally decide on what offers you’re going to promote in these channels for this stage (the offers listed above  are only examples to give you ideas).  
  5. If you’re targeting multiple stages repeat steps 1-4 for each.

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Click here to become an AdConversion student and get free access to The Five Stages planning template in Module 2 - Lesson 1  where we cover how to build your paid media strategy in depth.

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gif of Silvio Perez showcasing how to use AdConversion's Paid Media Strategy template
Image: Module 2 - Lesson 1; Building a Paid Media Program

After you’ve filled in The Five Stages planning template you now have your strategy in place and can easily move into execution and start assembling your campaigns, creatives, and messaging. 

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What are the BEST B2B advertising channels?

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The obvious answer is where your audience hangs out online!

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But not all channels are equal, some are more effective at certain stages.

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Most channels can be grouped into these 5 primary categories ↓

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Channel Category Channel Description
Paid Social YouTube, LinkedIn, Facebook, Instagram, Twitter, TikTok, Quora, Reddit Advertising on social networks.
Paid Search Google, Microsoft Advertising on search engines.
Paid Review Capterra, SoftwareAdvice, SelectHub Advertising on review listing sites.
Programmatic Display, Digital Audio, ConnectedTV, Native Advertising on the open internet.
Sponsorships Influencers, Newsletters, Events, Podcasts Advertising directly with individuals or organizations.

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How to decide on the best channel?

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There's four key criteria to consider when deciding on a channel:

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  1. Targeting options 
  2. Media cost
  3. Reach
  4. Policy

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Let's dive into each ↓

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Channel Criteria Description
Targeting options Can you reach your ICP based on the available targeting options?
Media cost How much does it cost per click and per 1,000 impressions? (CPC & CPM)
Reach How large is your audience size with your available targeting options?
Policy Does this platform allow your industry to serve ads without restriction?

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If the channel you’re considering meets all four of these criteria then you should consider running a test campaign for $100 to get your real average CPC & CPM.

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Recommended Channels by Stage

Based on my experience these channels work best for each stage:

(Use this as inspiration not restriction)

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Stage Channels
Create YouTube, LinkedIn, Facebook, Display, Twitter
Capture Google Ads, Microsoft Ads, Capterra, SoftwareAdvice, YouTube
Accelerate / Activate LinkedIn, Facebook, Display
Revive LinkedIn, Facebook
Expand LinkedIn, Facebook

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Let this be a guide to help you get started, take what serves you and abandon the rest. 

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Test what works for you until proven otherwise. 

Advice from 20 B2B advertising experts

One of the best parts about being in B2B is the quality of marketers in this space. 

We asked 20 B2B advertising experts:

What’s 1 tip you’d share with new marketers getting into B2B advertising?

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Silvio Perez
Want to level up your B2B advertising skill set?
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