Our
book Customers.com: How to Create a Profitable Business Strategy for the
Internet & Beyond was first published in 1998. The original book, now called Customers.com
Classic,
still offers timeless insights and wonderful case histories of companies’ early
Internet initiatives. Successful online ventures have one key attribute in
common that is neither new nor peculiar to Internet initiative: A successful
e-business initiative makes it easy for customers and prospects to do business
with you. This sounds simple, but it is very difficult in practice. In Customers.com
Classic, we identified eight critical factors that still characterize successful
e-business initiatives.
When you tackle your own Customers.com® initiative—whether you want
to make it easy for customers to do business with you via the Web or using
mobile technologies—you should start by assessing where you stand on
these eight fundamental core competencies. In this first section of the revised
Customers.com Handbook we recap and update the eight original success factors
and offer some questions you can ask yourself to make sure that you’ve
covered the bases in designing and refining your customer-centric online and/or
mobile strategy.
Is Your Organization Interacting with Customers Online?
Every time you interact with your customers using electronic technologies—text
messaging, electronic mail, publishing applications for smart phones, letting
customers help themselves via the Internet, optimizing online search, interacting
with clients via social media, planning email marketing campaigns, you’re
engaging in e-business. In fact, many people would say that e-business IS business.
It’s how organizations operate today in a world in which almost everyone
is connected via the Internet and mobile, wireless technologies and most information
is available in digital form.
Streamlining Customer Interactions
Even back in 1998, when Customers.com was first published, e-business wasn’t
limited to shopping over the Internet. It was also not confined to supply-chain
transactions between large trading partners. E-business still means doing business
electronically—all of the aspects of doing business. It embodies the
total business process—from advertising and marketing to sales, ordering,
manufacturing, distribution, customer service, and after-sales support—helping
businesses manage their entire customer and product life cycles.
When we engage in e-business, we’re applying today’s technologies
to streamline our business interactions. Those technologies include the Internet,
but they also include smart phones, hand-held digital appliances, interactive
TVs, self-service kiosks, smart cards, electronic sensors that monitor all
elements of our physical world, and a whole host of emerging technologies.
All of these customer-impacting and customer-facing technologies are supported
behind the scenes by integrated customer databases, call centers, streamlined
workflows, and secure transactional systems. They require systems to talk to
one another—seamlessly, reliably, and securely—across company boundaries,
geographic boundaries, and time zones.
Sounds complicated, doesn’t it? How do you get it right? The real secret
of success in e-business revolves around customers. A successful strategy involves
building and sustaining business relationships with customers electronically,
using digital tools to make it easy for customers to do business with you,
easy for them to get things done, and easy for the people in your firm and
in the rest of your customers’ ecosystem to coordinate. You e-business
strategy should also enable you to detect customers’ needs before they
have been able to articulate them, to anticipate what new capabilities your
current and new customers will value, and, ideally, to collaborate with insightful
clients in co-designing new win/win solutions.
First, we summarize the eight critical success factors described in the original
Customers.com, which we now call Customers.com Classic. These are still the
basic competencies you’ll need to master. Second, we offer a road map
to help you deal with the hardest set of issues—building consensus
within your organization. Third, we offer a road map and an approach that
your technology team can follow to identify and to map customer-critical
business processes into a technical architecture.
Eight Critical Success Factors for Customers.com® Initiatives
The lifetime value of your customers will increase in direct proportion to
how easy you can make it for them to do business with you. There are eight
organizational behaviors that make doing business with you easy and attractive.
The Concept
In looking for best practices in Web-based electronic business initiatives
over the past 12 years, we’ve discovered that all of the successful
ventures have one key attribute in common: They make it easy for their customers
and prospects to do business with them both online and offline.
The Eight Critical Success Factors
In analyzing how organizations deliver on this promise of making it easy to
do business, we distilled eight critical success factors. They are:
1. Target the right customers
2. Own the customer’s total experience
3. Streamline business processes that impact the customer
4. Provide a 360-degree view of the customer relationship
5. Let customers help themselves
6. Help customers do their jobs
7. Deliver personalized service
8. Foster community
You’ll notice that the critical success factors tend to build on one
another. If you do a good job with one, chances are you’re making progress
on at least two more. Now let’s take a closer look at each one.