Most industrial commercial plans assume that the relevant market equals the sum of opportunities opened by the sales team each quarter. The available evidence forces that premise to be revised.
The Ehrenberg-Bass Institute, together with the LinkedIn B2B Institute, has documented that in any B2B category, including industry, only around 5 per cent of potential buyers are in an active buying process at any given moment. The remaining 95 per cent are not buying today. They will buy in the next twelve to twenty-four months, and in the meantime they are forming criteria.
The asymmetry has direct financial implications. If the sales force works on the visible 5 per cent and marketing concentrates the budget on capturing immediate demand, the company forgoes any influence over the market segment that will decide its next round of suppliers. Pre-project brand presence ceases to be a communications matter. It becomes a share lever.
The technical concept that articulates this phenomenon is mental availability: the ease with which a buyer spontaneously recalls a supplier when a need is activated. Ehrenberg-Bass has shown that this variable explains more variation in B2B market share than any other conventional marketing factor. Industrial brands with high spontaneous recall do not compete on equal terms. They start mentally pre-selected before the formal request.
Binet and Field formalised a second regularity. The excess share of voice law holds that companies whose share of voice consistently exceeds their market share tend to gain share. Those below it tend to lose it. In mature industrial sectors, where cycles are long and decisions concentrate in a few moments per year, the cost of being below is invisible in the short term and onerous in the medium term.
The application to the industrial executive committee is threefold. The commercial forecast systematically underestimates what is being lost, because the pipeline measures opportunities opened and not those to which the company was never invited. Marketing budgets concentrated on activating current demand amputate investment in pre-project visibility, which is the only kind that operates on the 95 per cent. Commercial targets based exclusively on quarterly closures penalise those who invest in being remembered and reward those who empty the market in the short term at the expense of margin.
The operational challenge is not trivial. Increasing mental availability requires sustained coherence on a few differentiating attributes, continued presence in the channels where the industrial buyer forms criteria before having a project, and an internal system that measures coverage and recall, not just MQLs and SQLs. The relevant directorial question is not how much the company invests in marketing. It is what proportion of that investment operates on the 95 per cent that will decide tomorrow.
The standard objection is that investment in pre-project visibility does not yield measurable results within the quarter. The objection correctly describes the pace of return, not its magnitude. In mature industrial markets, that investment yields over horizons of twelve to thirty-six months. To forgo it because of its latency is to forgo the only lever that operates on the entirety of the addressable market.
The 95-5 asymmetry forces a change of perspective. Next year's commercial result is not being played out in this quarter's pipeline. It is being played out in how the market remembers, or fails to remember, each industrial company today. And that decision, in most cases, is already being made.