Building Brand Awareness in 2025
Increasing brand awareness is a top goal for B2B companies in 2025. But what is a brand? And how can you evolve it to meet your changing company...
We work with B2B leaders every day who have extensive marketing data, but don't know what to make of it. It's hard to know you're on track to meet your sales goals without clear, industry-specific marketing benchmarks. Whether you're a leader looking to grow your market share and revenue, or a marketing professional proving the value of your activities, there is a glut of data, and very little reliable KPIs available to guide the way.
For B2B tech companies, this is a particular challenge. Company core competency is engineering--not marketing. They serve niche industries with a large deal size and complex sales cycle. This is Launch's sweet spot, and we're happy to share sales and marketing benchmarks to guide your efforts.
Today, there are two camps: Companies either measure way too much and get caught in the weeds—or many, due to internal politics or the state of uncertainty in the market, are starting the year without clear goals, budgets and KPIs, and lack the data to set and track these.
To set meaningful KPIs:
Work backward from your revenue target. In the following example, to hit a $50M revenue target assuming that 80% of your past year revenue will come from your existing customer base, and first-year revenue from a new customer is $150k, we can back into traffic and lead targets per month:
Monthly Revenue Goal | |
New Monthly Revenue: | $1,500,000.00 |
% From Inbound | |
Percentage: | 80% |
Avg. Revenue per Client: | $150,000.00 |
Monthly New Customers: | 8.0 |
# of Leads Needed per Month | |
Lead-to-Customer Rate: | 5.0% |
Monthly Leads Needed*: | 160 |
Monthly Traffic Needed | |
Visitor-to-Lead Conversion: | 2.3% |
Monthly Visitors Needed*: | 6,957 |
Revenue targets would suggest web traffic targets of 6957, and monthly leads of 160. Check these for reality against your market size, and work other levers if warranted.
KPI | Benchmark | Average/Achievable |
Marketing | ||
ROI on marketing activities/campaigns | 10x | (Don't know)** |
Marketing budgets | 3% | 2% |
Web traffic | MOM +20% | -9% |
Web traffic to lead conversion | 2.5% | 1.25% |
Google ad CTR | 2.41% | 4% |
LinkedIn ad CTR | .04-.65% | .8% |
15.4% Open 7.4% CTR* |
21% Open 1-5% CTR |
|
Sales | ||
Conversion to opportunity | 20% | 22% |
Quote win rate | 35-55% | (Don't know)** |
Average deal size | $--- | $--- |
Let’s talk about a few KPIs of note:
The unfortunate truth is that for many companies, the real average is “I don’t know.” The biggest opportunity for improvement is to know your numbers. Pick 3-4. Improve. Pick 3-4 more that address the challenge at hand.
Marketing budgets: B2B spends on average 9.1% of revenue target on marketing. While this is appropriate for OEMs, most component companies underspend at closer to 2-3% of revenue target. Consider a minimum of 1%, and be sure to include tradeshow total expenses, ad spend, and agency costs.
Web Traffic: Industry-wide, we saw a dip this past summer. With google analytics sunsetting in July, your metrics are likely unreliable; and that AI is beginning to eat into organic traffic. There’s widespread concern that AI will eventually drop organic traffic to zero. Start to optimize for AI now.
Email: Still holding strong. Open rates on the uptick, but due to changes in the major email providers, these can be inflated. Click-through rates are holding steady--email still works to reach business buyers. We've also seen sales automation dramatically outperform marketing automation – both due to style and email deliverability.
Marketing and sales KPIs help to drive the growth of the business. Some business KPIs can help you to understand the competitive landscape and set priorities. In recent years, we've seen a slowdown in product development and product launch in many sectors. Best in class invest 20% in innovation--which in many companies has dropped to 5%. Revenue per employee has had stable growth with wages creeping up, and slow adoption of automation.
Use industry CAGR numbers to understand total market growth. If your targets are higher than that, you'll need to steal market share from a competitor. For those who are looking to sell their business in the next few years, the 'gold standard' is considered 20% year-over-year growth sustained over a three year period.
KPI | Benchmark | Average |
Investment in Industry 4.0/5.0-R&D, automation | 20% of revenue | 5% |
Revenue per employee | $230k, $300k mid/lg | $228k photonics |
Top line growth | 20% | 6.7% CAGR photonics 1.5% CAGR industrial |
Book a meeting to talk us through your business goals and how we can help you meet your benchmarks.
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