A featured contribution from Leadership Perspectives: a curated forum reserved for leaders nominated by our subscribers and vetted by the Construction Tech Review Advisory Board.
Dusk Australasia
Advancements in Ecommerce
Garry Hamilton-Smith
Ecommerce, it’s in my blood, I love it, I live it, it’s a passion for me and that’s what makes it great. I have seen many changes over the past two decades, but things are only going to get more interesting with the advancements in technology and customer expectations.
Fifteen years ago you could build a simple website, with a few pages, selling any sort of product and you were in the slip stream. Today, we have more competition and hurdles in online retail, with more and more local and international retailers entering the Australian market, including pure plays like Amazon.
If you want to succeed in this industry, one thing I can tell you is that the customer comes first, before profit and business decisions. Your customer is equipped with that hand held device called the mobile phone and they will use it more times a day than ever before. It’s their communication device to their friends, news, trends, products, services and experiences.
The customer of today decide where, when and how to shop and it’s not going to change. If you want to win in today’s market you have to play.
What it Means to Play Most companies and organisations have looked at the customer journey in some form or another. But have they really?
What I mean is they may have looked at some aspects, but rarely do you see a business invest and commit the funds required to completely fix the customer’s experience throughout the business to become a world class omni retailer.
This is simple stuff and if you haven’t already, you should review all touch-points with the customer as to where, when, why and how you are contacting them. All communications should be aligned and on brand.
Ecommerce today is no longer just having a website selling product, it is all about experiences, experiences online, experiences in-store, without a brand proposition or experience, you are in a price war, and that is not a good place to be.
During my time running rebel, my number one focus was the customer experience. It’s no good having a flash website if you have back end issues like inventory integrity. Year on year these types of issues were addressed which resulted in triple digit growth in online sales annually. There will always be items that are complex and difficult to fix, but try to concentrate on the easy quick wins that you can control and fix within your budget and control.
Almost every day I see companies talking about implementing the latest and greatest technologies with massive capex budgets, but they are not even doing the basics correctly. I highly recommend you review all the basics and ensure you are doing them to the best of your ability. These are usually quick wins at low cost. If you do not have the skills internally, have an experienced consultant come in and do a complete audit of your online business and ensure the actual consultant completing the audit has worked in the industry and has hands-on experience.
The Online Experience
How many websites are truly fast? You would be surprised to learn that almost every enterprise platform scores very low on speed and performance, especially mobile.
The next question is, what really makes your platform different from other retailers in the same industry running the same enterprise platform. The internet may be getting faster, but it is also getting more congested, more devices, more people, the internet of things, so we should be looking at speed and performance. Every second you can drop page speed will result in higher conversion rates.
Developers should be designing and building for mobile, but do they? An example of this is that a very high percentage of millennials today use mobile phones to browse and checkout, but developers all around the world continue to develop for desktop first. Why is that?
Customers want quick and easy sites to navigate, they are time poor, that’s why they are online. They want to enjoy life and what it has to offer, they want multiple options for payment and delivery, as well as click and collect with an easy to use interface with minimal clicks. They do not want to hear or see the word ‘NO’ at any point. No stock, lack of stock, cannot fulfil, no delivery, the list goes on. You have to be ready for it.
If a customer wants to buy five products via delivery or click and collect, and the product is spread around the country, you have to give it to them as seamlessly as possible. The customer does not care that you have the product across the country, it’s not their problem, it’s yours as a retailer.
In Store Experiences
Instore is changing as well, customers expect services and information, that’s why they are in your store, it is for the experience. If you do not have enough team members in store, you could look at digital experiences, they can come in many forms, from simple touch screens, to displays driven by beacons and customer interaction. It does not have to be expensive and costly.
The retailer has to provide the customer with the information they require and make it enjoyable and easy for the customer to use. Customers will remember good enjoyable experiences and you will end up a loyal brand advocate. A recent example were I visited a retail store as I needed replacement wind screen wiper blades
