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5 STEPS TO E-COMMERCE FITNESS
B2B Health Check:
Sponsored by
DON DAVIS
MODERATOR
Editor in Chief
Internet Retailer
ROSS HIGGINS
Director of Global
User Experience
& Design
Newegg
OMER MINKARA
Research Director,
Contact Center &
Customer
Experience
Management
Aberdeen Group
CHIP HOUSE
CMO
Four51
SPONSORED
BY
2
TODAY’S AGENDA
I. Introductions
II. 5 Steps to e-Commerce Fitness
III. Newegg Case Study
IV. Four51 Overview
V. Questions
3
BENEFITS OF BEING A HEALTHY B2B
COMMERCE FIRM
Improvement in annual
company revenue
Improvement in customer
satisfaction rate
Improvement in on-time order
fulfillment rate
+32.4%
+26.1%
+12.4%
4
TODAY’S DRILL:
-Adapt to the Era of the Empowered Buyer
-Give the Power to your Customers
-Stay agile
-Minimize Costs Through Making Smarter Technology Decisions
-Build a Strategy that Scales
5
UNDERSTANDING WHAT IT TAKES TO
ACHIEVE SUCCESS
What you need to do to
become Best-in-Class:
 What processes you should have
in place
 What you need to measure
 Organizational changes you
might want to make
 Data / Knowledge management
considerations
 Technologies you should
evaluate
Best-in-Class
Industry
Average
Laggard
P A C E
6
Remember to Stretch/Stay Flexible
1. Adapt to the Era of the Empowered
Buyer
7
CUSTOMER EXPERIENCE IS AT THE TOP OF
THE B2B COMMERCE EXECUTIVE’S AGENDA
Top Challenges (n=163)
B2B Commerce
Organizations
B2C Commerce
Organizations
Customers are increasingly using digital
channels to shop; we need to be there
54% 65%
Need to reach to a wider shopper base to
sell our products
46% 46%
Need to differentiate ourselves from
competitors through delivering dynamic
and transformative digital shopper
experiences
37% 36%
Need to better respond to empowered
customer requests to shop anytime and
anywhere seamlessly across multiple
channels
36% 27%
8
IF YOU’RE NOT
MOBILE YOU’RE
NOT READY TO
COMPETE IN THE
MODERN B2B
MARKET
27%
25%
40%
42%
50%
55%
55%
71%
83%
86%
11%
27%
24%
33%
33%
33%
33%
20%
13%
11%
0% 20% 40% 60% 80% 100%
InteractiveVoiceResponse(IVR)
Integrated point-of-sale(POS)
Mobile- text messages
Livechat
Onlinecustomer communities
Onlinevideo
Mobilewebsite
Social media
Email
Web
Percent of respondents,n=163
Currently Use
Planningto Use
Source: Aberdeen Group, December 2014Percent of respondents, n=163
9
Millennials
now make up your largest group of
B2B customers
Source: The Economist, 2015
10
11
85%
Of B2B Customers
Want online
eCommerce to be
optimized for
mobile
Source: The Case For Channel-Shifting Offline Customers Online, Forrester Research, Inc., June 24, 2015
• YES
• NO
POLL #1:
IS YOUR E-COMMERCE SITE OPTIMIZED FOR MOBILE
USERS (SMARTPHONES & TABLETS)?
13
2. Stay agile
Address the Need for Speed
14
B2B COMMERCE IS DIFFERENT
AND MORE COMPLEX THAN B2C
Top Strategies (n=163)
B2B Commerce
Organizations
B2C Commerce
Organizations
Streamline commerce workflows, manual
sales processes, and order errors
37% 8%
Improve visibility on customer interaction
results by being able to buyer behavior
with specific business activities (e.g.
marketing programs)
34% 35%
Support shopper buying habits / behavior
by providing them the flexibility to do
business through devices and channels of
their choice
19% 32%
15
Best-in-Class All
Others
WHO ARE THE BEST-IN-
CLASS?
80% 55%Customer retention
rate
Year-over-year change in
annual company
revenue
32.4% 1.9%
16
Best-in-Class All
Others
WHO ARE THE BEST-IN-
CLASS? (CONT.D)
26.1% -1.3%
Year-over-year
improvement in
customer satisfaction
rate
Year-over-year
improvement in on-time
order fulfillment
12.4% -2.6%
17
CHALLENGES VARY BASED ON
MATURITY
Percent of Respondents (n=215) Best-in-Class All Others
Struggle in implementing new
technologies and channels
58% 40%
Lack of integration between enterprise
systems used for consumer interactions
38% 51%
Shopper trends and wants not known /
recognized
19% 31%
VisibilityExecutionvs.
18
B2B IS COMPLEX
19
INTEGRATE. EMPOWER SALES &
CS.
20
Listen to your body
3. Give the Power to your Customers
21
EMPOWERING YOUR CUSTOMERS HELPS DRIVE
BETTER RESULTS FOR YOUR BUSINESS
20.1%
15.6%
8.3%
7.6%
-2.9%
7.3%
-1.4%
-5.5%-8%
-4%
0%
4%
8%
12%
16%
20%
24%
Visitor-to-buyer
conversion rates
Improvement in time-
to-market
Improvement in
shoppingcart
abandonment rate
Visitor engagement
rate
Year-over-yearpercentchange
n=163
Best in Class All Others
Source: Aberdeen Group, January 2015
22
KNOW YOUR CUSTOMERS
61%
56%
50%
47%
35%
30%
38%
34%
20%
30%
40%
50%
60%
70%
Segmentation of customer
baseto deliver
personalized content
Automated alertsto
providecustomerswith
noticesabout product
availability or discounts
Ability to deliver
consistent messagesto
each customer across
multiplechannels
Ability to customize
languageand currency
preferencesbased on
customer selectionsor
historical visitation data
Percent of respondents,n=163
Best in Class All Others
Source: Aberdeen Group, January 2015
23
PERSONALIZE FOR GROUP, USER OR ROLE.
24
Make Technology Your Friend
4.Minimize Costs Through Making Smarter
Technology Decisions
25
ADOPT SMART ACTIVITIES THAT WILL HELP
REDUCE COSTS & CREATE HAPPY CUSTOMERS
78%
56%
53%
50%
45%
27% 25%
34%
10%
20%
30%
40%
50%
60%
70%
80%
Customersare
provided with relevant
content based on
search results
Ability to sell under
multiplebrandsby
usinga singlee-
commerceplatform
Ability to deliver
device-optimized
digital purchase
experiences
Marketingcampaign
and content are
integrated with web
storecontent
Percent of respondents,n=163
Best in Class All Others
Source: Aberdeen Group, January 2015
26
WHY ARE COMPANIES INVESTING IN
CLOUD TECHNOLOGY?
30%
39%
44%
49%
0% 10% 20% 30% 40% 50%
Adopt a flexiblefinancial structureby converting
fixed costs into variablecosts
Provideemployeeswith access to better
applicationsthat wecan't afford in-house
Reduce operational expenses
Reduce reliance to ITteam and usepreviously
allocated IT-resources within innovative
projects
Percent of respondents, n=163
Cloud Technology Users
Source: Aberdeen Group, November 2015
27
KEY TECHNOLOGY
ENABLERS
Technology Adoption (n=163) Best-in-Class All Others
Social media marketing 92% 64%
CRM 78% 73%
SEO 72% 58%
Order management 72% 61%
Business intelligence 67% 53%
Tailored reporting tools 67% 46%
Real-time analytics 65% 33%
Product content management 61% 26%
28
COST BENEFITS OF THE CLOUD
Source: NTT Communications
29
“No manufacturer today has the time or
budget to be in the IT infrastructure or
software business.”
- Forbes, 2015
30Source:
2015:
14,135
2005:
<10
Web API Growth 2005 -
2015
2010:
2,418
31
5. Build a Strategy that Scales
Planning for Increased Gains
32
HOW TO BUILD YOUR REGIMEN
FOR SUCCESS
• Use historical performance data to predict future
performance
• Capture competitive intelligence to identify if your peers are
building new capabilities to gain a competitive edge
• Don’t ignore your front-line employees. Regularly capture
their feedback to remain up-to-date on changes in the
marketplace
• Build a customer advocacy program where you regularly
interact with certain buyers to identify what you should do to
address their evolving needs
33
KEY TECHNOLOGY
ENABLERS
Technology Adoption (n=163) Best-in-Class All Others
Social media marketing 92% 64%
CRM 78% 73%
SEO 72% 58%
Order management 72% 61%
Business intelligence 67% 53%
Tailored reporting tools 67% 46%
Real-time analytics 65% 33%
Product content management 61% 26%
POLL #2:
WHICH OF THESE INTERNAL SYSTEMS IS THE MOST
IMPORTANT INTEGRATION POINT WITH E-COMMERCE?
• ERP (Enterprise Resource Planning)
• CRM (Customer Relationship Management)
• Analytics
• CMS (Content Management System)
• Other
35
KEY LEARNINGS
• Adapt to the Era of the Empowered Buyer
• Stay agile
• Give the Power to your Customers
• Minimize Costs Through Making Smarter Technology
Decisions
• Build a Strategy that Scales
ROSS HIGGINS
Director of Global User Experience and Design
Agenda
• About Newegg
• Newegg and B2B
• Defining and implementing an
Amazon-like experience
• How listening to customers drives
the business
• Newegg launched in 2001
• Web only
• 2.7 Billion
• Newegg holds the No. 17 spot in the Internet Retailer
2015 Top 500 Guide.
About Newegg
• Newegg Business online since 2009
• Sells computer hardware, computer peripherals, PCs &
laptops, networking, data storage, servers and
workstations, office solutions, etc.
Newegg and B2B
Defining The Amazon-like Experience
• Easy search
• Customer reviews
• Up front pricing
The Amazon-like Experience
• Easy search
The Amazon-like Experience
• Customer reviews
The Amazon-like Experience
• Up front pricing
• Loyalty/Rewards Program
The Art of Listening to Your Customers
The Art of Listening to Your Customers
• Surveys
• More customer-facing support for high value
customers
The Art of Listening to Your Customers
ROSS HIGGINS
Director of Global User Experience and Design
Thanks!
PROMO CODE
CHIP HOUSE
Chief Marketing Officer
Four51
48
TOP MANUFACTURER CHANNELS IN 2020?
Source: Four51, Manufacturing 2020 Survey. N=200 U.S. Manufacturers
49
CAN YOU GET ALL THREE?
50
ENABLING OMNI-CHANNEL BUYING EXPERIENCES
51
GET A PERSONALIZED DEMO FOR YOUR BUSINESS

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B2B Health Check: 5 Steps to eCommerce Fitness [WEBINAR]

  • 1. 1 5 STEPS TO E-COMMERCE FITNESS B2B Health Check: Sponsored by DON DAVIS MODERATOR Editor in Chief Internet Retailer ROSS HIGGINS Director of Global User Experience & Design Newegg OMER MINKARA Research Director, Contact Center & Customer Experience Management Aberdeen Group CHIP HOUSE CMO Four51 SPONSORED BY
  • 2. 2 TODAY’S AGENDA I. Introductions II. 5 Steps to e-Commerce Fitness III. Newegg Case Study IV. Four51 Overview V. Questions
  • 3. 3 BENEFITS OF BEING A HEALTHY B2B COMMERCE FIRM Improvement in annual company revenue Improvement in customer satisfaction rate Improvement in on-time order fulfillment rate +32.4% +26.1% +12.4%
  • 4. 4 TODAY’S DRILL: -Adapt to the Era of the Empowered Buyer -Give the Power to your Customers -Stay agile -Minimize Costs Through Making Smarter Technology Decisions -Build a Strategy that Scales
  • 5. 5 UNDERSTANDING WHAT IT TAKES TO ACHIEVE SUCCESS What you need to do to become Best-in-Class:  What processes you should have in place  What you need to measure  Organizational changes you might want to make  Data / Knowledge management considerations  Technologies you should evaluate Best-in-Class Industry Average Laggard P A C E
  • 6. 6 Remember to Stretch/Stay Flexible 1. Adapt to the Era of the Empowered Buyer
  • 7. 7 CUSTOMER EXPERIENCE IS AT THE TOP OF THE B2B COMMERCE EXECUTIVE’S AGENDA Top Challenges (n=163) B2B Commerce Organizations B2C Commerce Organizations Customers are increasingly using digital channels to shop; we need to be there 54% 65% Need to reach to a wider shopper base to sell our products 46% 46% Need to differentiate ourselves from competitors through delivering dynamic and transformative digital shopper experiences 37% 36% Need to better respond to empowered customer requests to shop anytime and anywhere seamlessly across multiple channels 36% 27%
  • 8. 8 IF YOU’RE NOT MOBILE YOU’RE NOT READY TO COMPETE IN THE MODERN B2B MARKET 27% 25% 40% 42% 50% 55% 55% 71% 83% 86% 11% 27% 24% 33% 33% 33% 33% 20% 13% 11% 0% 20% 40% 60% 80% 100% InteractiveVoiceResponse(IVR) Integrated point-of-sale(POS) Mobile- text messages Livechat Onlinecustomer communities Onlinevideo Mobilewebsite Social media Email Web Percent of respondents,n=163 Currently Use Planningto Use Source: Aberdeen Group, December 2014Percent of respondents, n=163
  • 9. 9 Millennials now make up your largest group of B2B customers Source: The Economist, 2015
  • 10. 10
  • 11. 11 85% Of B2B Customers Want online eCommerce to be optimized for mobile Source: The Case For Channel-Shifting Offline Customers Online, Forrester Research, Inc., June 24, 2015
  • 12. • YES • NO POLL #1: IS YOUR E-COMMERCE SITE OPTIMIZED FOR MOBILE USERS (SMARTPHONES & TABLETS)?
  • 13. 13 2. Stay agile Address the Need for Speed
  • 14. 14 B2B COMMERCE IS DIFFERENT AND MORE COMPLEX THAN B2C Top Strategies (n=163) B2B Commerce Organizations B2C Commerce Organizations Streamline commerce workflows, manual sales processes, and order errors 37% 8% Improve visibility on customer interaction results by being able to buyer behavior with specific business activities (e.g. marketing programs) 34% 35% Support shopper buying habits / behavior by providing them the flexibility to do business through devices and channels of their choice 19% 32%
  • 15. 15 Best-in-Class All Others WHO ARE THE BEST-IN- CLASS? 80% 55%Customer retention rate Year-over-year change in annual company revenue 32.4% 1.9%
  • 16. 16 Best-in-Class All Others WHO ARE THE BEST-IN- CLASS? (CONT.D) 26.1% -1.3% Year-over-year improvement in customer satisfaction rate Year-over-year improvement in on-time order fulfillment 12.4% -2.6%
  • 17. 17 CHALLENGES VARY BASED ON MATURITY Percent of Respondents (n=215) Best-in-Class All Others Struggle in implementing new technologies and channels 58% 40% Lack of integration between enterprise systems used for consumer interactions 38% 51% Shopper trends and wants not known / recognized 19% 31% VisibilityExecutionvs.
  • 20. 20 Listen to your body 3. Give the Power to your Customers
  • 21. 21 EMPOWERING YOUR CUSTOMERS HELPS DRIVE BETTER RESULTS FOR YOUR BUSINESS 20.1% 15.6% 8.3% 7.6% -2.9% 7.3% -1.4% -5.5%-8% -4% 0% 4% 8% 12% 16% 20% 24% Visitor-to-buyer conversion rates Improvement in time- to-market Improvement in shoppingcart abandonment rate Visitor engagement rate Year-over-yearpercentchange n=163 Best in Class All Others Source: Aberdeen Group, January 2015
  • 22. 22 KNOW YOUR CUSTOMERS 61% 56% 50% 47% 35% 30% 38% 34% 20% 30% 40% 50% 60% 70% Segmentation of customer baseto deliver personalized content Automated alertsto providecustomerswith noticesabout product availability or discounts Ability to deliver consistent messagesto each customer across multiplechannels Ability to customize languageand currency preferencesbased on customer selectionsor historical visitation data Percent of respondents,n=163 Best in Class All Others Source: Aberdeen Group, January 2015
  • 23. 23 PERSONALIZE FOR GROUP, USER OR ROLE.
  • 24. 24 Make Technology Your Friend 4.Minimize Costs Through Making Smarter Technology Decisions
  • 25. 25 ADOPT SMART ACTIVITIES THAT WILL HELP REDUCE COSTS & CREATE HAPPY CUSTOMERS 78% 56% 53% 50% 45% 27% 25% 34% 10% 20% 30% 40% 50% 60% 70% 80% Customersare provided with relevant content based on search results Ability to sell under multiplebrandsby usinga singlee- commerceplatform Ability to deliver device-optimized digital purchase experiences Marketingcampaign and content are integrated with web storecontent Percent of respondents,n=163 Best in Class All Others Source: Aberdeen Group, January 2015
  • 26. 26 WHY ARE COMPANIES INVESTING IN CLOUD TECHNOLOGY? 30% 39% 44% 49% 0% 10% 20% 30% 40% 50% Adopt a flexiblefinancial structureby converting fixed costs into variablecosts Provideemployeeswith access to better applicationsthat wecan't afford in-house Reduce operational expenses Reduce reliance to ITteam and usepreviously allocated IT-resources within innovative projects Percent of respondents, n=163 Cloud Technology Users Source: Aberdeen Group, November 2015
  • 27. 27 KEY TECHNOLOGY ENABLERS Technology Adoption (n=163) Best-in-Class All Others Social media marketing 92% 64% CRM 78% 73% SEO 72% 58% Order management 72% 61% Business intelligence 67% 53% Tailored reporting tools 67% 46% Real-time analytics 65% 33% Product content management 61% 26%
  • 28. 28 COST BENEFITS OF THE CLOUD Source: NTT Communications
  • 29. 29 “No manufacturer today has the time or budget to be in the IT infrastructure or software business.” - Forbes, 2015
  • 31. 31 5. Build a Strategy that Scales Planning for Increased Gains
  • 32. 32 HOW TO BUILD YOUR REGIMEN FOR SUCCESS • Use historical performance data to predict future performance • Capture competitive intelligence to identify if your peers are building new capabilities to gain a competitive edge • Don’t ignore your front-line employees. Regularly capture their feedback to remain up-to-date on changes in the marketplace • Build a customer advocacy program where you regularly interact with certain buyers to identify what you should do to address their evolving needs
  • 33. 33 KEY TECHNOLOGY ENABLERS Technology Adoption (n=163) Best-in-Class All Others Social media marketing 92% 64% CRM 78% 73% SEO 72% 58% Order management 72% 61% Business intelligence 67% 53% Tailored reporting tools 67% 46% Real-time analytics 65% 33% Product content management 61% 26%
  • 34. POLL #2: WHICH OF THESE INTERNAL SYSTEMS IS THE MOST IMPORTANT INTEGRATION POINT WITH E-COMMERCE? • ERP (Enterprise Resource Planning) • CRM (Customer Relationship Management) • Analytics • CMS (Content Management System) • Other
  • 35. 35 KEY LEARNINGS • Adapt to the Era of the Empowered Buyer • Stay agile • Give the Power to your Customers • Minimize Costs Through Making Smarter Technology Decisions • Build a Strategy that Scales
  • 36. ROSS HIGGINS Director of Global User Experience and Design Agenda • About Newegg • Newegg and B2B • Defining and implementing an Amazon-like experience • How listening to customers drives the business
  • 37. • Newegg launched in 2001 • Web only • 2.7 Billion • Newegg holds the No. 17 spot in the Internet Retailer 2015 Top 500 Guide. About Newegg
  • 38. • Newegg Business online since 2009 • Sells computer hardware, computer peripherals, PCs & laptops, networking, data storage, servers and workstations, office solutions, etc. Newegg and B2B
  • 39. Defining The Amazon-like Experience • Easy search • Customer reviews • Up front pricing
  • 41. The Amazon-like Experience • Customer reviews
  • 42. The Amazon-like Experience • Up front pricing
  • 43. • Loyalty/Rewards Program The Art of Listening to Your Customers
  • 44. The Art of Listening to Your Customers • Surveys
  • 45. • More customer-facing support for high value customers The Art of Listening to Your Customers
  • 46. ROSS HIGGINS Director of Global User Experience and Design Thanks! PROMO CODE
  • 47. CHIP HOUSE Chief Marketing Officer Four51
  • 48. 48 TOP MANUFACTURER CHANNELS IN 2020? Source: Four51, Manufacturing 2020 Survey. N=200 U.S. Manufacturers
  • 49. 49 CAN YOU GET ALL THREE?
  • 51. 51
  • 52. GET A PERSONALIZED DEMO FOR YOUR BUSINESS