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B2B Ecommerce That Doesn't Break the Bank

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Covid-19 is forcing a problem on several B2B merchants. They realize a strong ecommerce existence is crucial to long-term viability. But they're understandably hesitant to invest money beneath the pandemic on purposeful digital upgrades. It does not have to be one or the other, however. B2B sellers can put money into ecommerce and conserve money. What follows are five ways to increase B2B ecommerce without breaking the bank. See our products: Magento pos bigcommerce pos Shopify pos Woocommerce pos commercetools pos MSI Affordable B2B Ecommerce 1. Use built-in functionality. B2B ecommerce platforms have matured. Complex, pre-built functionality has long been available for B2C sellers. B2B sellers are now able to enjoy a number of the same attributes -- preventing development time and cost. By way of instance, incorporating a B2B ecommerce platform with existing backend systems has historically been time-consuming and expensive. No longer. Many platforms now have default i

Covid-19 Accelerates Change for B2B Distributors

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This past year, in" How to Prosper as a B2B Distributor ," I addressed the urgent need for wholesale distributors to evolve. I explained the necessity of adapting to a self-serve digital shopping experience, where buyers can find, evaluate, and purchase products anytime. The experience may include live chat for immediate customer support, detailed spec sheets, comparison charts, and even training and advice. See our products: Magento pos bigcommerce pos Shopify pos Woocommerce pos commercetools pos MSI Covid-19 has accelerated that need. Legacy Processes Organizations who have operated in precisely the identical fashion for years frequently rely on key, long-serving personnel. Procedures and systems aren't documented. By way of instance, just a single salesperson might know which product or price fits a particular customer. Identifying the perfect product or price is not necessarily complex, but the method is undefined. Moreover, manual processes lead to inefficienci

The Advantages of Subscriptions for B2B Ecommerce

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Subscription-based ecommerce is increasingly popular for consumer products. Examples include grocery goods, pet supplies, and beauty products. However, B2B merchants can offer subscriptions, too. B2B sales are traditionally relationship-driven -- a sales rep disagrees with a buyer. That dynamic occasionally makes B2B merchants wary of electronic services and slow adopters of ecommerce. Likewise B2B decisionmakers are often unsure of how subscriptions apply to their businesses. See our products: Magento pos bigcommerce pos Shopify pos Woocommerce pos commercetools pos MSI Digital-commerce subscriptions are easier than ever to implement. The operation is the same for both B2C and B2B. The difference is the kinds of products. Benefits for B2B The key for B2B merchants will be to identify items which clients overtake -- for example every week, month, or year. Subscriptions eliminate customers needing to place individual orders while permitting them to control the frequency. Subscr

Ecommerce Helps Maintain B2B Clients

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See our products: Magento pos bigcommerce pos Shopify pos Woocommerce pos commercetools pos MSI Ecommerce can help retain business buyers through expedited reordering, real time reporting, and enhanced customer services. To be sure, business-to-business customer retention is significantly more complex than B2C, in which a fantastic loyalty program and a few email automation go a long way. Instead, B2B retention is often a combination of product quality, consistent delivery, contractual relationships, competitive negotiated prices, and close ties between sales agents and their buyers. By way of instance, producers in the health and beauty sector -- including RainShadow Labs and Essential Wholesale and Labs -- often have the formulas that small and midsize businesses utilize for their private label soaps, body washes, and shampoos. Therefore, customer retention for those manufacturers is tied into the product itself. Other manufacturers, such as Black & Decker, have agents calling o

What's a Composable Commerce Enterprise and is it appropriate for your organization?

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If you follow Gartner's advice on digital trade , you might have heard about packed business capabilities and their function in the composable enterprise . The analyst firm predicts "by 2023, organizations which have embraced a composable approach will outpace competition by 80 percent in the rate of new feature execution." See our products: Magento pos bigcommerce pos Shopify pos Woocommerce pos commercetools pos MSI Many organizations are trying to attain digital transformation since they are still locked into rigid, monolithic technology. These legacy applications can not support the contemporary requirements of the company, are drowning in specialized debt, and stop IT and business agility. The composable enterprise represents an organizational shift away from large, monolithic applications towards API-driven, modular elements that represent discrete business capacities. These modular elements (often known as microservices, or packaged business capacities ) can

Brian Beck on Documenting Objectives When Picking a B2B eCommerce Platform

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The process of selecting an Ecommerce platform may seem overwhelming, especially for B2B organizations who have little internal experience or experience in Ecommerce. However, there's a well-documented process that I share in my book Billion Dollar B2B Ecommerce that violates platform choice down into manageable steps. See our products: Magento pos bigcommerce pos Shopify pos Woocommerce pos commercetools pos MSI In this post, I discuss the very first step: Document Objectives . Before you even think of what technology platform will probably be best suited to your organization, you must define business objectives. Aims should tie to a expected Return on Investment (ROI) model, and may also include intangible benefits that you expect from Ecommerce. Objectives can include: Increased share of wallet from existing clients Incremental revenue from new clients Shift of earnings to more efficient stations (especially repeat orders) Higher gross margins obtained through online selling

New Composable Commerce Hub Activates Composable Commerce Movement

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The ever-growing consumer needs for simple, engaging electronic experiences have driven manufacturers to think of distinguished electronic as more than just a station, but a vital pillar to any expansion company's strategy. But, the truth is, building truly distinguished, electronic trade is challenging. All-encompassing platforms such as Shopify, Magento, and Salesforce look like a safe bet initially, but lack the flexibility for manufacturers to control their electronic eyesight and truly build to their special needs. On the other hand, MACH-based (microservices, APIs, cloud and headless) technologies present alternatively for advanced trade, but might seem out ofreach because of perceived complexity and for that reason, higher risk. See our products: Magento pos bigcommerce pos Shopify pos Woocommerce pos commercetools pos MSI Lots of the brands we work with find themselves feeling digitally-inspired but stuck with two sub-par alternatives. Neither of which will enable the