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Don’t Market to the 5% of Buyers Who Are Ready to Buy Today with Jon Lombardo

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Manage episode 522528554 series 2892363
Content provided by xGrowth. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by xGrowth or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, Jon Lombardo, Co-Founder of Evidenza, unpacks the counterintuitive truth about B2B buying behaviour. Drawing on research from the Ehrenberg-Bass Institute, Jon reveals why most B2B marketers fundamentally misunderstand their audience. The 95-5 rule shows that 95% of potential buyers aren't in the market right now, which means the traditional focus on short-term lead generation is missing the bigger picture.

Jon also explains how AI-powered synthetic research is transforming market intelligence, why B2B needs more brand building than B2C, and what marketers should do about it.

If you're stuck chasing in-market buyers whilst your competitors build future demand, this conversation will change how you think about growth.

Guest Introduction

Jon Lombardo is Co-Founder of Evidenza, a synthetic AI market research platform that surveys AI-generated customer copies to build evidence-based marketing plans in hours rather than months. Previously, Jon was Head of Research at LinkedIn's B2B Institute, where he helped establish the 95-5 rule and commissioned pioneering research on how B2B brands grow.

Key Topics

  • The 95-5 rule: why 95% of B2B buyers are out of market at any given time, and why that matters more than the 5% who are ready to buy
  • The 11X rule: how B2B buying cycles are 11 times longer than B2C, making brand building even more critical in B2B than consumer categories
  • The evolution from the 60-40 rule to 95-5: how research with John Dawes from Ehrenberg-Bass Institute challenged conventional wisdom about marketing budget allocation
  • Mental and physical availability in B2B: creating brand-relevant memories that activate when buyers eventually come into the market
  • AI and synthetic research: how Evidenza uses AI to interview synthetic customers, delivering market research in hours that would traditionally take months
  • Bootstrapped growth: how Evidenza launched with paying customers from day one without venture capital, growing to over 100 clients
  • The future of AI in marketing: why AI is underrated and will transform marketing beyond what most people imagine
  • Practical applications: how to use AI for execution whilst keeping strategic thinking human

Resources & Links

People Mentioned:

  • Mark Ritson - Marketing professor, columnist, and founder of Marketing Week Mini MBA
  • John Dawes - Professor at Ehrenberg-Bass Institute for Marketing Science
  • Les Binet - Marketing effectiveness researcher and econometrician
  • Peter Field - Marketing consultant and author
  • Peter Weinberg - Co-Founder of Evidenza
  • Brian Watroba - Co-Founder of Evidenza
  • Jenny Romaniuk - Professor at Ehrenberg-Bass Institute for Marketing Science
  • Rachel Kennedy - Professor at Ehrenberg-Bass Institute for Marketing Science
  • Nicole Hartnett - Professor at Ehrenberg-Bass Institute for Marketing Science
  • Byron Sharp - Professor of Marketing Science at Ehrenberg-Bass Institute

Companies & Organisations:

Key Frameworks:

  • The 95-5 Rule - Research on B2B buying behaviour shows that only 5% of buyers are in market
  • The 11X Rule - How B2B buying cycles differ from B2C
  • The 60-40 Rule - Les Binet and Peter Field's framework for balancing brand building and sales activation

Subscribe to the xG Weekly Newsletter for weekly insights on B2B growth across APAC:https://xgrowth.com.au/newsletter

Contact & Credits

Hosts: Shahin Hoda and Vinnie Romano

Guest Jon Lombardo

Produced by: Shahin Hoda and Alexander Hipwell

Edited by: Alexander Hipwell

Music by: Breakmaster Cylinder

APAC's B2B Growth Podcast is Presented by xGrowth

  continue reading

276 episodes

Artwork
iconShare
 
Manage episode 522528554 series 2892363
Content provided by xGrowth. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by xGrowth or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, Jon Lombardo, Co-Founder of Evidenza, unpacks the counterintuitive truth about B2B buying behaviour. Drawing on research from the Ehrenberg-Bass Institute, Jon reveals why most B2B marketers fundamentally misunderstand their audience. The 95-5 rule shows that 95% of potential buyers aren't in the market right now, which means the traditional focus on short-term lead generation is missing the bigger picture.

Jon also explains how AI-powered synthetic research is transforming market intelligence, why B2B needs more brand building than B2C, and what marketers should do about it.

If you're stuck chasing in-market buyers whilst your competitors build future demand, this conversation will change how you think about growth.

Guest Introduction

Jon Lombardo is Co-Founder of Evidenza, a synthetic AI market research platform that surveys AI-generated customer copies to build evidence-based marketing plans in hours rather than months. Previously, Jon was Head of Research at LinkedIn's B2B Institute, where he helped establish the 95-5 rule and commissioned pioneering research on how B2B brands grow.

Key Topics

  • The 95-5 rule: why 95% of B2B buyers are out of market at any given time, and why that matters more than the 5% who are ready to buy
  • The 11X rule: how B2B buying cycles are 11 times longer than B2C, making brand building even more critical in B2B than consumer categories
  • The evolution from the 60-40 rule to 95-5: how research with John Dawes from Ehrenberg-Bass Institute challenged conventional wisdom about marketing budget allocation
  • Mental and physical availability in B2B: creating brand-relevant memories that activate when buyers eventually come into the market
  • AI and synthetic research: how Evidenza uses AI to interview synthetic customers, delivering market research in hours that would traditionally take months
  • Bootstrapped growth: how Evidenza launched with paying customers from day one without venture capital, growing to over 100 clients
  • The future of AI in marketing: why AI is underrated and will transform marketing beyond what most people imagine
  • Practical applications: how to use AI for execution whilst keeping strategic thinking human

Resources & Links

People Mentioned:

  • Mark Ritson - Marketing professor, columnist, and founder of Marketing Week Mini MBA
  • John Dawes - Professor at Ehrenberg-Bass Institute for Marketing Science
  • Les Binet - Marketing effectiveness researcher and econometrician
  • Peter Field - Marketing consultant and author
  • Peter Weinberg - Co-Founder of Evidenza
  • Brian Watroba - Co-Founder of Evidenza
  • Jenny Romaniuk - Professor at Ehrenberg-Bass Institute for Marketing Science
  • Rachel Kennedy - Professor at Ehrenberg-Bass Institute for Marketing Science
  • Nicole Hartnett - Professor at Ehrenberg-Bass Institute for Marketing Science
  • Byron Sharp - Professor of Marketing Science at Ehrenberg-Bass Institute

Companies & Organisations:

Key Frameworks:

  • The 95-5 Rule - Research on B2B buying behaviour shows that only 5% of buyers are in market
  • The 11X Rule - How B2B buying cycles differ from B2C
  • The 60-40 Rule - Les Binet and Peter Field's framework for balancing brand building and sales activation

Subscribe to the xG Weekly Newsletter for weekly insights on B2B growth across APAC:https://xgrowth.com.au/newsletter

Contact & Credits

Hosts: Shahin Hoda and Vinnie Romano

Guest Jon Lombardo

Produced by: Shahin Hoda and Alexander Hipwell

Edited by: Alexander Hipwell

Music by: Breakmaster Cylinder

APAC's B2B Growth Podcast is Presented by xGrowth

  continue reading

276 episodes

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