Do Marketers Expect to Face More Competition in 2024?
Do marketers think their companies will face more competition in 2024 compared with 2023? To find out, researchers conducted a survey of 507 marketing professionals in the United States.
B2B channel conflict is experienced in nearly every organization and can lead to lost deals. This article explores the causes of channel conflict, such as inconsistent pricing, unclear or incompatible goals, lack of trust, and more, as well as solutions to prevent them from happening. Solutions include having an airtight contract, offering exclusivity to partners, managing the supply chain effectively, and more.
Channel partners or partnerships are collaborations between the companies that produce products or services and the companies that distribute, market, and sell them. B2B has three main channel types: communication channels to receive and deliver messages, distribution channels to market and sell, and service channels that carry out transactions. Advantages of using such channels include reaching a wider audience, while disadvantages include potential channel conflict and oversaturation.
Channel conflict can be managed by keeping partner numbers small, offering exclusivity to partners, establishing boundaries and structures for targeting customers, being transparent, educating all levels on your product, and regularly reviewing partner performance. By doing so, you can minimize conflict and maximize your business success.
How to Identify and Prevent B2B Channel Conflict
Don't worry ... it's FREE!
Do marketers think their companies will face more competition in 2024 compared with 2023? To find out, researchers conducted a survey of 507 marketing professionals in the United States.
What makes top B2B marketers successful? Recent research unveils what differentiates top performers. Dive deeper.
Another year in martech has passed at a blistering pace—with the discussion on new trends, technologies, and issues consuming our days. The author builds on his (mostly borne out) 2023 predictions about three martech trends.
The next few years will bring fundamental shifts to marketing. First things first, though: Prepare for what's to come in 2024 before looking further out into the future. Here's where 2024's most successful marketers and media agencies will direct their focus this year.
The bad news is that marketing isn't going to get any easier in 2024. The good news is that your marketing output is sure to improve if you use these three predictions to work both smarter and harder in the new year. See what's ahead...
For marketers, belt-tightening is back for 2024. Balancing brand and demand investments, however, doesn't have to hurt. In fact, taking these six steps can increase impact, build resilience, and pave the way for long-term growth. Do more with less.