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How medium-sized businesses can score points

B2B E-Commerce

How medium-sized businesses can score points

This year's calculations from Forbes should not be overlooked: 74% of all B2B purchasers first search online for offers for at least half of their orders. 30% make at least half of their professional purchases online – a significantly increasing tendency. Furthermore, almost half of all purchasing research in the B2B sphere is done by so-called millennials, i.e. people who grew up with the Internet and use it intensively in their private life as well. And this group will get bigger and bigger, until for demographic reasons it accounts for 100% of the purchasers. But what do these figures mean concretely?

B2B online shops: an enormous opportunity for small and medium-sized companies.

The Internet can, at relatively low cost, provide small and medium-sized companies with a level of visibility that they could only have dreamt of before. Because any company that offers good service online will be ranked by search engines and found by customers, and – assuming the customer experience is good – can build up a long-term business relationship with the customers it found on the Internet.

B2B online shops should be fun!

If almost half of all purchasing research in the B2B sector is already being done online now and this trend is logically unstoppable, it is worth investing in a platform that meets the needs of this target group. This ever growing target group uses B2C online shops in their private lives – and carries their private experience with online shopping over to their professional lives. That means that B2B online shops must be at least as good as established B2C online shops in terms of usability and user experience.

Simply put: a B2B online shop should offer intuitive search with a suggestion function or search by article number that efficiently speeds up the purchasing process. Data should be analyzed so products can be recommended to customers and the navigation can be adapted to their needs dynamically. Bear in mind: professional photographs of the product and a connection to the ERP system through which the customer gets information about volume discounts, availability, and delivery times in real time.

When combined, these elements create a consistent, positive customer experience that customers are happy to repeat. Not for nothing does Gartner say that by 2018, 70% of the online shops will no longer be B2B or B2C centered, but will rather be shops tailored to a perfect customer experience, whether in B2B or B2C mode. Because who wants to deal with less satisfactory solutions in everyday business than they are familiar with from private life?

 B2B online shops should make life easier!

When using online shops professionally, customers are not interested in shopping for hours; they want to find a good offer quickly. The shop can support that too – for example, by making a mobile version of the shop, offering quick reordering of past shopping carts, or providing all its articles with QR codes to speed up reordering and make it less error-prone. The last option has the advantage that information can be forwarded directly from the production department to purchasing, for example.

Spare parts navigation with CATALOGcreator® offers a good alternative to QR code ordering, which is sometimes difficult to implement. This allows customers to navigate to the required spare part in the CAD drawing and place it in their shopping cart. Such add-ons make sense especially when the online shop sells products that need to be reordered often or that customer can repair themselves. These extra features then help to improve customer retention.

B2B online shops should fit with corporate processes!

Customers of B2B web shops are companies, not private individuals, and have different needs accordingly. Thus an ideal B2B online shop should offer easy management of multiple billing and delivery addresses and fast international shipping. This allows the central purchasing department to order products for subsidiaries conveniently, regardless of whether they are located in the same country or abroad. Furthermore, it should be possible to set up multiple accounts that have different permissions. This allows departments to place items in the shopping cart in the online shop and then forward it automatically to their central purchasing department, which can then actually place the order. These are all features that are relatively easy to implement in an on online shop and that offer customers real added value.

 

Do you have further questions?

You are interested in this topic and would like to get further information? Please get in touch with us. 

 

Torsten Kopte

Sales Director
SAP
+49 551 490 2887

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