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IPB Fast Facts

Can understanding industrial buying behavior increase sales?

Did you know?

89% of industrial buyers say they compare multiple suppliers when sourcing. The majority, (64%) evaluate 2 to 3 companies before making a buying decision.*

What does this mean to you?

Between smart phones, Wi-Fi and the pervasive presence of on-demand digital information, industrial buyers have more access to information resources than ever before. If you don't have a continual and pervasive presence online, engineers and industrial buyers will source from your competitors, and you'll lose out on new sales opportunities.

This is just one of hundreds of facts Thomas knows about industrial buying behavior. Each month, we conduct surveys among industrial buyers whose job functions include engineering, purchasing, general management and manufacturing/production operations.

When you partner with us, we arm you with this business intelligence so you can increase your marketing ROI. Contact us now to learn more.

How Buyers Search Online



Nearly 60% of buyers use 3 or more keywords when searching for industrial products/services. more

Purchasing Authority



2 to 4 people must be involved for purchases up to $50,000 for 55% of industrial buyers. more

Value of Supplier Emails



61% of industrial buyers have made a purchase from a supplier they learned about via email. more
 

Social Media & Sourcing



Nearly 46% of industrial buyers advise suppliers who want their business to have presence on LinkedIn. more

Info that Influences Buyers



82% of industrial buyers need detailed product information and 74% need specializations/ expertise information. more

Job Priorities for Buyers



53% of technical buyers and engineers rely on supplier websites to determine if they can help meet job goals. more


Isn't it time the buyers you want find you and contact you to do business?
Find out how to get started today.



*Source: ThomasNet's Industrial Purchasing Barometer Survey.