B-to-B Marketers Should Take Another Look at E-commerce
But business buyers also expect consumer-like functionality in e-commerce. And a seamless experience. This is where the new technologies come in. Platform suppliers like Rainmaker are building systems specifically designed to support B-to-B buying processes, with consumer-like features and ease of use.
So what are the e-commerce success factors for business marketers as they look to take advantage of these opportunities? Here are some tips:
- Review your customer segments and product lines for e-commerce potential. Small and medium business customers may be a perfect fit. Same for high-volume, repetitive-sales product categories, like replacement parts or warranty renewals.
- Examine your sales and marketing process for elements that can be automated with e-commerce technology. Look at quote management, contract pricing, channel partner support, purchase order processing, order approvals, cross sell and upsell, licensing, renewals, reactivation, winback-there are more than you may think.
- Select software that was built specifically for the complexity of business markets. Companies that buy consumer solutions and try adding B-to-B capabilities will quickly be frustrated.
- Select software that provides consumer-like e-commerce functionality. Ease of use is the competitive watchword today, according to Forrester's recent study "Thrive by Adopting Proven B2C Principles."
- Make sure you connect your e-commerce with your existing accounting, manufacturing and other systems. Xiameter customers, for example, get their order confirmation, shipping notices and invoices out of Dow Corning's SAP, which also communicates with the manufacturing plants to get the order produced.
- Consider using cloud-based suppliers, where you can get up and running in less than a month, and leave the technology to someone else. Rainmaker Systems offers not only dedicated "sales assist" from its call center, they will even deal with their clients on a revenue-share basis.
- Remember that e-commerce is global by definition. So look for technology that offers multiple languages and currencies, and supports tax and customer compliance.
How are you integrating e-commerce into your sales and marketing?
Ruth P. Stevens consults on customer acquisition and retention, and teaches marketing at companies and business schools around the world. She is past chair of the DMA Business-to-Business Council, and past president of the Direct Marketing Club of New York. Ruth was named one of the 100 Most Influential People in Business Marketing by Crain's BtoB magazine, and one of 20 Women to Watch by the Sales Lead Management Association. She is the author of Maximizing Lead Generation: The Complete Guide for B2B Marketers, and Trade Show and Event Marketing. Ruth serves as a director of Edmund Optics, Inc. She has held senior marketing positions at Time Warner, Ziff-Davis, and IBM and holds an MBA from Columbia University.