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Amazon Effect on B2B eCommerce: How to Keep Up
1. Post Link: The Amazon Effect on B2B eCommerce & What B2B Businesses Need to Do About It
The Amazon Effect on B2B eCommerce & What B2B Businesses
Need to Do About It
It’s no secret that B2B eCommerce platforms are rapidly becoming a key channel for many
brands, wholesalers, distributors, and manufacturers. While the B2B purchase process was
once limited to in-person sales interactions, more and more buyers are demanding the
convenience of 24/7 online ordering.
But while many B2B businesses are now offering eCommerce channels, the "Amazon effect" is
setting the bar high when it comes to the customer experience. In many aspects, Amazon has
set expectations for what the online purchasing process should look like, and many B2B
companies are now struggling to keep up.
The Amazon Effect: How Do Most eCommerce Experiences
Stack Up?
We’ve all shopped on Amazon. Product details and pricing are readily available, and product
suggestions are personalized for each user, based on past purchases. Shipping is usually
free––and lighting fast. And the overall user experience––of navigating the site and making a
purchase––is straightforward and intuitive.
2. In a recent webinar given by Internet Retailer, Oracle, and Forrester Research, B2B
eCommerce Analyst Andy Hoar suggested that this Amazon effect is having a greater impact
than previously thought, exerting pressure on businesses to improve their customer
experiences.
In fact, he revealed that 92% of B2B buyers actually use Amazon to research purchases for
work, and that 82% of buyers reported actually making work purchases on Amazon. While Hoar
is quick to point out that these purchases are often general purchases like office supplies (as
opposed to more specialized products), it’s important nevertheless to remember that B2B
buyers are constantly exposed to the Amazon experience, and will have similar expectations
when shopping on other B2B platforms.
With Amazon’s recent launch of its B2B marketplace, Amazon Business, this is scary news for
many manufacturers and distributors, some of whom haven’t even invested in a B2B
eCommerce solution yet.
Among those who have made these investments, there is a definite opportunity for
differentiation when it comes to the customer experience. The more “Amazon-like,” the better.
When asked to compare their B2B eCommerce experiences to their direct competitors, 46% of
B2B companies said that their experiences were better, and 36% reported that their offering
was comparable. When asked to compare their experience with Amazon, however, only 20%
reported that their experience was better, and a whopping 63% cited their eCommerce
experience as worse than Amazon’s.
So how do you create an Amazon-like experience?
For B2B brands large and small, B2B eCommerce should be a priority. How can these brands
put their best foot forward in the eCommerce space?
1. Provide better content.
While it’s obviously hard to out-scale Amazon, you can focus on providing more in-depth
content to your customers. While Forrester found that many B2B buyers are using Amazon to
research and purchase products, they also found that many B2B companies actually prefer to
make purchases directly from the brand or manufacturer––45% of those surveyed, to be exact.
Furthermore, 62% of survey respondents felt that a brand that manufactures a product tends to
have the best information about that product on their website.
B2B buyers have an insatiable desire for high quality content. By providing all the content that
Amazon can offer and more (after all, Amazon doesn’t know your products as well as you do),
brands and manufacturers can create a significant point of differentiation.
2. Highlight your brand.
When purchasing your products, B2B buyers want to interact directly with your brand. Figure
out how you want to shape not only your customer experience, but also your brand experience
online. Create an online portal that is dedicated only to your brand and products, and––to go
back to the point about content––showcase other assets that can help drive sales and build