Business to Business (B2B) activities require your company to be accurate, available, and reliable at a bare minimum. In Qatar, where businesses have been developing and opportunities growing, it is more important than ever that you have the right tools in place to be able to keep up with your competitors, drive your business, and ensure a profitable and successful edge.

Today we are looking at B2B prospecting in Qatar, and how Qatar B2B currently stands. We will look at what B2B prospecting entails, what is unique about doing this business in Qatar, how you can likely obtain more B2B prospects, and convert these leads into customers that come back again and again.

What does B2B prospecting actually entail?

B2B prospecting is essentially a sales process which sees companies whose potential customers are other businesses.

Prospecting involves identifying opportunities, reaching out to them, and converting them into customers. The type and scale of outreach will depend on the business and what is involved in their product or service selling, but generally includes:

What is included in prospecting?
  • Bespoke marketing aimed at specific demographics
  • Cold calling
  • Cold emailing
  • Content Marketing
  • Pay Per Click (PPC) advertising

The success rate and likely number of conversions is heavily dependent on how well the B2B prospecting strategy has been researched, developed, and targeted.

How you handle your data and the approach you take is vital, and you need to ensure you have a firm grasp on exactly who you are targeting, what your demographic actually is (and not just what you think it is), and then have an appropriate strategy in place for contact and engagement.

What is unique about Qatar B2B prospecting?

Qatar has some unique aspects when it comes to doing business, and as you would expect, this has a knock-on effect on how you approach prospecting and outreach within the area.

Some of the key elements that play an impact on how businesses operate in the region include:

B2B prospecting in Qatar facts about operations
  • Currency trading - Businesses in the region are free to trade in whichever currency they choose.
  • Recruiting and staffing - Qatar has few restrictions on recruiting overseas staff.
  • Companies law - Due to articles in the Companies Law of the area, there is a lot of freedom and flexibility in creating different classes of shares, etc.
  • Franchising - As there is no specific legislation for franchising in the region, Qatar businesses operate their franchises based on a collection of other laws and regulations.
  • Foreign investment - Qatar allows for significant portions of regional businesses to be owned by overseas investors and foreign entities, with some sectors allowing for up to 49% of the company's share capital, and others all the way up to 100%.
  • Taxation - There is no personal income tax in Qatar, corporate tax is also low at 10% (presently), and there is no import duty on spare parts or machinery.

These elements mean that approaching Qatar businesses is often quite different from prospecting in other areas, as these considerations need to be accounted for, and depending on the product or service you are offering, it may not be a necessary requirement for their needs.

Being able to trade in different currencies, account for varying taxes and expenses, and ensure you are able to monitor your stock / options in real-time is essential for making the most of working in Qatar.

TEB Apps allows you to handle all of these issues with no problems, in fact the program handles them with a simple to use intuitive interface and is supported by regularly updated features to ensure you are always able to do your business at your best.

How can you obtain more B2B prospects in Qatar and the surrounding area?

Before you start with your planning and implementation of strategy, first you need to really know exactly what the difference is between B2B and Business to Customer (B2C) lead generation, because although there are similarities in approaches, they are essentially very different and must be handled accordingly.

In order to make more of your opportunities in Qatar, you need to look at how your outreach is structured, and whether it meets the specific needs of your local audience. Then consider if you have taken into consideration the unique elements of Qatar business and aimed your pitches / offerings accordingly.

A one-size fits all approach to business in the region is not likely to bring you the most sales and conversions, you need to know your audience, understand their wants, needs, and pain points, and present your prospecting in a way that shows them you are the best solution, and that they need you.

How can you convert your B2B prospects into actual sales and returning customers?

As part of your business growth and development, you need to be looking at bringing in new customers, and you need to retain the ones you have.

Typically, it is far cheaper to retain existing customers than it is to bring new ones in, but you need a healthy balance of both in order to succeed.

In order to convert more of your B2B Qatar prospects into actual sales and have them become returning customers you need to:

  • Develop a targeted and strategic plan to reach specific customer demographics
  • Regularly review and monitor your prospecting activities to adjust them according to results
  • Utilise your CRM to keep client information up-to-date and relevant
  • Automate your processes and task management to ensure faster action is available.
  • Ensure your lead management processes are capable of reliably keeping up with customer engagements.

Convert your prospects to sales with TEB Apps

Ensure you are making the most of your opportunities and converting the maximum number of customers possible for your business.

When you bring TEB Apps into your Qatar business for B2B prospecting, you will benefit from a huge range of flexible and customisable options as well as:

  • Automated opportunities management to ensure you always know exactly where you stand, who is worth pursuing, and are in position to convert and make more sales.
  • Automated task assignment that lets you set up specific elements, so the right team member is always tasked with the work that matches their skills, involves their clients, or plays to their strengths.
  • Effective single source database supported by a powerful infrastructure, kanban-style pipelines, and a CRM that allows you to update, report, and review in real-time so you always have the most up-to-date information at hand.
TEB streamlining business

Book a demo today and discover for yourself how TEB Apps can make your B2B prospecting much simpler, easier, and far more effective. When you deal with other businesses, you need to be fast, flexible, and accurate - TEB is here to help you do that, so you can make more of your opportunities, increase your conversions, and boost your bottom line.

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