Right now, the B2B2C marketplace is undergoing a massive digital transformation. Many technology trends start with B2C offerings, then cascade into B2B, and finally B2B2C. So, what does this mean in the B2B2C marketplace? Consumer expectations and digital experiences are driving this trend toward digital sales enablement for B2B2C brands.
It’s happening organically and has significant implications for companies. Brands that don’t adjust how they interact with their customers or don’t invest in the right tools will get left behind in the next few years.
There are four key trends in B2B2C industries to digitally transform customer experiences.
Companies must differentiate and meet the B2B2C customer where they want to transact. It’s why so many companies are offering value-add services to entice customers to buy more or more often.
Manufacturers and CPG distributors alike have popularized concepts like subscriptions and bundles. Across all consumer industries, quick checkout with personalized messaging is no longer the pièce de résistance. Now those are becoming the benchmarks for meeting consumer expectations.
Consumers will gravitate towards what is most convenient and price effective for their needs. That leaves brands with two options: provide personalized experiences with value-added functions to facilitate easier transactions or fall behind.
These are the age-old goals of all marketers: know your customers, delight them, and retain them. Now, companies have access to technology that makes meeting those goals more easily attainable.
Commerce networks, for example, provide instant access to new customers for B2B2C brands at a lower cost than offline transactions. Then there are turnkey commerce solutions, which enable brands to acquire, convert, retarget, and retain these customers through digital mechanisms that have higher profit margins than offline transactions.
Understanding consumer behavior and preferences is the marketers’ holy grail. Solutions like Adobe’s omnichannel suite of digital platforms make it easier than ever to target customers throughout the entire journey.
Brands can also inform product and service enhancements when measuring feedback at a large scale – and track transaction trends by persona, market, and product category.
With the right tech stack and strategies, brands can thoroughly understand customer expectations and deliver.
In changing market conditions, it’s all about a company’s ability to consistently provide its products or services.
Remaining steady in unsteady conditions will more than keep one’s own business viable. It will also open the doors to provide for customers that were previously unavailable.
At the end of the day, it will be the reliable companies that will stand out and flourish.
In the dynamic landscape of B2B2C ecommerce, you must embrace the digital transformation trends shaping the market or risk being left behind. To thrive, companies must prioritize personalized experiences, value-added functions, and innovative sales enablement tools.
If you need assistance creating a powerful strategy using these trends, please reach out to our digital strategy experts who specialize in capitalizing on trends to ensure our clients stay up-to-date and competitive.
Victoria Greendyke, Partner | Sagepath Reply
Meet Victoria Greendyke, the "never-a-dull-moment" managing partner at Sagepath Reply. With a talent for translating tech-speak into human and a knack for deciphering business cases faster than you can say "synergy," Victoria is the secret sauce in Sagepath's client acquisition recipe. Her ability to craft winning proposals and close deals is rivaled only by her skill at juggling multiple projects while maintaining her perfectly coiffed composure. Though she's occasionally known to make dramatic last-minute entrances to meetings (claiming it's for suspense), Victoria more than compensates with her whirlwind energy and razor-sharp business acumen. Whether she's leading a caffeine-fueled team brainstorm or charming a room full of executives with her tech wizardry, Victoria brings a unique blend of digital savvy and sales sorcery to the table, making her the unicorn Sagepath Reply never knew it needed.
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