Our customers tell us that engineers are a
highly sought-after audience in terms of increasing sales. This month,
we invited Dr. Cheng Wu, President of
eFunda.com,
to share with our readers what's important to engineers when they are
sourcing industrial products.
Here's what Dr. Wu says is important for industrial marketers to do,
in order to win the business of engineers:
- Save the engineer time
- Provide detailed product information – including pricing
- Make sure your company has a pre-formatted listing on industrial search sites
- Make it easy to find/integrate your CAD drawings and 3D part files into their designs
- Satisfy engineers' needs, so they become repeat customers
Please tell us about eFunda. Why was it founded and what is it all about?
eFunda was founded based on our own
needs. As working engineers ourselves, we found that except for very few
advanced projects, most real-world engineering projects involve no more
than college level materials. The problem with mechanical engineering is
that an average engineer would have to possess a very broad spectrum of
knowledge in order to perform his daily job. Not deep, but broad. A single
resource that covers a little bit of everything is naturally called for
in this trade. Since we could not find one back then, we decided to build
one from scratch.
Why did eFunda partner with ThomasNet?
Design is just a part of a mechanical engineer's job. Another important
element is sourcing, hence the famous term, Design for Manufacturability (DFM).
An engineer needs to have a very clear plan with regards to how his design is
going to be made, and as a result, sourcing starts at the outset of the design
cycle.
When eFunda was conceptualized, we
envisioned a product-centered backbone. From there, we would create original
engineering content to help engineers design and, at the same time, we would
provide relevant sourcing information, much like a listing service with a
different angle of attack. And this is where ThomasNet
comes in. As the golden standard in the industrial vertical search business,
ThomasNet is our number one choice to
partner with to complete the missing part of the eFunda
project per our original vision.
What type of information do you think engineers look
for when they are sourcing products?
For engineers, cost and functionality of their designs are equally
important. They will look at the cost issue almost immediately after
they verify that the design will work and this usually leads to quite a few
iterations before they finalize the design, the suppliers, and service providers,
if any.
What frustrations/challenges do engineers have when sourcing products?
Before the advent of the Internet, lack of information was the key hurdle.
In spite of all the green-backed volumes published by Thomas Register, most
engineers' top choices for sourcing were either using suppliers they
already knew or those recommended by their colleagues/friends. Engineers
were reluctant to search outside this existing circle unless they absolutely
exhausted their short list of suppliers.
With the Internet, all of a sudden a long list of potential suppliers was
available upon a simple search engine keyword search. This poses a different
set of problems. Not all suppliers know how to properly present themselves
and partial information about their products is sometimes worse than no
information at all. Plus, each supplier employs its own website
design, so having to navigate through different websites sometimes proves
challenging. An industrial search site such as ThomasNet.com
is still a preferred way for engineers to source suppliers.
Since you are an engineer yourself, tell us what
you think are some of the best ways industrial suppliers can market to engineers.
Let's face it, engineers have enough to do and they want to spend as
little time as possible to find their best suppliers. Search engines do work
but engineers have to spend time to study each supplier that returns from
the query. A pre-formatted listing on an industrial vertical search
site is the supplier's best bet when marketing to engineers, followed
by keyword search and direct marketing (email blast) to their targeted
audience.
How important is it to provide engineers online access to CAD drawings?
It is very important. Again, engineers are lazy, if you will. Anything
that saves them time will earn their business more easily. Everything
being equal, one supplier could easily earn the business over its competitors
if it offers CAD drawings when others don't.
In your experience, what type of influence do engineers have on the
ultimate purchasing decision?
Well it depends on the nature of the products. If they're commodity items
then as long as the parts meet the specs, engineers do not really worry about
the specific vendors for the production. For mission critical parts,
engineers have a very short list of suppliers that meet their requirements and
they do have a lot of influence on the eventual purchasing decision.
Our research shows that 80% of products for which CAD
drawings were downloaded are purchased – do you agree with that?
The whole concept is about designed-in. When you provide CAD drawings, or
even 3D part files, it's very easy for an engineer to incorporate your
parts into their design because this saves them a tremendous amount of time.
Remember, everything being equal, whoever saves them time wins their
business. If your parts are in their drawings, your company is much
more likely to be chosen as the final supplier.
Let's say I'm a fasteners manufacturer. How can I make my
company stand out from the crowd when engineers are looking for the type of
products I produce?
To stand out, you want to offer free downloads of your entire product list,
complete with full specs and CAD drawings (maybe even 3D part files). You want
to assemble sample kits ready to be mailed to qualified buyers, and your
prices have to be competitive.
How can suppliers turn engineers into repeat customers?
Engineers are repeat customers by nature unless a supplier tries very hard to
push them away. Engineers love to buy from previous vendors. Most companies
establish a list of trusted vendors; pushing one vendor through that process
takes quite an effort. Again, engineers are lazy and they hate unnecessary processes.
The most important stage of winning an engineer's heart is the first
time you do business with them. You need to be found, and you need to satisfy
them the first time around. Do not give them a reason to find another vendor.
They don't want to leave, so don't make them.
If you have any questions on how ThomasNet
can help you reach engineers online, please contact us at 1.866.621.9441 or
visit promoteyourbusiness.ThomasNet.com.