Is ThomasNet Worth It?
Is your B2B company looking to increase exposure online? Are you considering paying for a listing on ThomasNet, GlobalSpec client services, or another online directory to attract new buyers or leads?
Before buying a listing in a business directory, it’s important to ask the question "is ThomasNet worth it?" On this page, we’ll do our best to answer this question for you, and provide some ThomasNet alternatives, so that you can make a more educated decision about how you promote your business online.
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Video: Is ThomasNet Worth It?
What is ThomasNet?
Established in 1898 in printed form, the Thomas Register of American Manufacturers, or “Thomas Registry,” was a directory of industrial product information and manufacturers. The directories were widely available and publicly known as “the big green books” by buyers.
The printed directories were published regularly until 2006, at which point the information was shifted online under the name “ThomasNet.”
How Does ThomasNet Work?
In the current online format of ThomasNet, B2B suppliers pay to be listed on ThomasNet in their respective categories. An extra investment is required to be listed in particular positions in the supplier results.
For example, a supplier of balsa wood may pay to be listed in the balsa wood category, then pay extra to be the top listing in these results, beating out the rest of the competition as far as visibility is concerned.
ThomasNet listings contain information on each company, including their size, amount of annual sales, history, product information, and so on. From a company’s ThomasNet listing, a lead can send an email, request a quote, or visit the company’s website.
How Much Does ThomasNet Cost?
ThomasNet does not charge one set price per year for a listing on its website. Instead, the company charges an annual investment for a listing based on the level of competition in each category. This variable allows Thomas Net to turn its profit.
In the example we gave above, there are only a handful of balsa wood suppliers. The cost to appear as the top balsa wood supplier may only be a few hundred dollars annually. On the other hand, there are more than 2,000 suppliers of washers. How much do you think it costs to be listed in the #1, #2, or even the #3 spot for “washers?”
On average, the cost of an annual listing on ThomasNet costs between $7,000 and $10,000. However, for very popular or saturated industries, the cost may range anywhere from $25,000 to $50,000 and beyond.
Is Listing on ThomasNet Worth It?
ThomasNet is a trusted resource for buyers looking for manufacturers and suppliers, and it has served as such for many years. ThomasNet also offers a variety of related services for B2B companies, including marketing services and press release distribution. However, there are some downsides to listing on ThomasNet.
The obvious drawback to ThomasNet is the high cost. If you find yourself competing in a saturated niche, you may have to gain a large number of sales or high quality leads to justify the annual expense of claiming a top listing on ThomasNet. Also, you may find yourself having to frequently outbid a competitor to retain the top spot, which can be very costly.
ThomasNet’s reporting is also not as robust as some other platforms. Their proprietary analytics program, WebTraxs, can report the number of views, clicks, and leads on your listing, but the metrics are not very detailed. WebTraxs also requires a fee to use, while programs like Google Analytics are free.
There is certainly value in retaining a listing on ThomasNet, as long as it is not too expensive. However, the results vary for every company. Some may find that the ROI is very high, especially if they offer commonly searched products or services and can afford to pay for a top listing. Others, however, may find that the amount of clicks or leads gained through the site is not worth the investment into Thomas Net.
It is important to keep in mind that not every potential buyer or B2B lead will use ThomasNet to find a supplier or partner. If you invest only in ThomasNet, you may be missing out on potential sales gained through other channels, like organic search, pay-per-click (PPC) advertising, or even social media.
ThomasNet is best utilized in conjunction with an alternative program or marketing strategy, like search engine optimization, to increase traffic on your website and ensure your brand or B2B company reaches those searching for you in as many places as possible.
What Are Some ThomasNet Alternatives?
There are a few alternative options available for those who do not want to work with ThomasNet. If you are looking for websites to be listed as a supplier of a particular product or technology, you might consider searching for “[product] directory,” and reviewing the results for listing opportunities. Alternately, there are a few ThomasNet competitors, like IHS GlobalSpec, that specialize in listing or marketing manufacturers and suppliers.
However, rather than relying solely on a listing on ThomasNet, GlobalSpec client services, or other online directories, WebFX suggests investing your money in a search engine optimization, or SEO, package for your own website. SEO increases the visibility of your website in search engine query results, and it can also dramatically increase your ROI — at a fraction of the cost of a ThomasNet placement.
How Does SEO Work?
Before we talk about how SEO works, let’s talk about search engines. To get a #1 listing in a category on ThomasNet, you have to pay them for it. How do you get a #1 listing on Google?
Google doesn’t accept payment for placement. Instead, they determine the order in which websites are ranked in search results based on a variety of factors, including:
- The quality of the content on those sites
- The number of links pointing to those sites
- How quickly the sites load
- How visitors interact with the websites
- Whether or not the websites work the way they’re supposed to
On ThomasNet, you may have the highest quality products in your category, but a supplier with more money may outbid you. However, on search engines, it’s not possible for a better website to “outbid” you because no money is involved. If you have the highest quality site — that is, the best SEO, the best content, and the best user experience — you will climb the listings to #1.
SEO involves continually optimizing, testing, and improving your website to make your content, links, speed, and design the best it possibly can be. Although SEO is tricky, and the industry is always changing, it produces real results for our clients. Best of all, SEO has real ROI, and the results of your efforts can be tracked in real time.
Rather than pay thousands of dollars for the top placement on a single website like ThomasNet, why not invest that same money to be ranked on the search engines that everyone uses? SEO is an economical choice for B2B companies looking to improve their online presence, increase their leads, and create real ROI.
When you invest in SEO, you can still keep your listing on ThomasNet or any other directories you may use. However, over time, you may find that the ROI from optimizing your own website is much higher, and this will give you the opportunity to scale back your spending on other websites and advertising methods.
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ThomasNet vs SEO: Real Client Experiences
WebFX has collected a variety of testimonials and case studies from clients who either currently use ThomasNet, or have used their services in the past. These are a small sampling of the results they experienced between ThomasNet and our SEO services:
- During a 12 month period, one client received 46 qualified contact form views from their ThomasNet listing. However, in this same period, they received a total of 143 additional views from other sources, including Google, Yahoo!, and a trade show listing.
- Another WebFX client had 478 requests for additional information on their products in a 12 month period. Of these requests, only one was a referral from ThomasNet.
- A WebFX client who began an SEO campaign received 1,900 visits and 140 engaged/qualified users on their website. During this same time period, ThomasNet provided 57 referrals (visits) and 9 engaged users.
Again, there is certainly value in listing your business on services like ThomasNet, GlobalSpec client services, or others. However, by supplementing your placement and advertising with SEO, you are ensuring that you reach a wider audience, and typically do so in a way that is far more cost-effective than paying for the first spot.
Learn More About SEO Packages from WebFX
WebFX offers SEO packages for medium- to large-sized companies starting at just $400 per month. Our SEO rates include a number of keywords guaranteed on the first page of results of Google — and if we don’t get you there, we’ll refund your initial investment. We also offer custom enterprise-level SEO plans for larger companies looking to create their own package.
We hope this page has provided you with some additional information about the value of ThomasNet, and whether or not the ThomasNet service is worth it. If you have any questions about Thomas Net, or would like a no-obligation quote on SEO services from WebFX, we would love to hear from you.
Learn more about increasing your exposure online. Call 888.449.3239 or contact us today to find out how SEO packages from WebFX can get your website in front of more leads.