eCommunity is an important part of the B2B internet marketing mix
OTOi, Executive Team | One To One Interactive
January 15, 2002
Community is a concept with many possible definitions. I define
community within the context of Business to Business Internet
marketing as a group of business people with shared interests who
interact electronically to communicate about those shared
interests. For a community sponsoring firm, a community should be
about initiating and sustaining productive and profitable customer
relationships that add value to the customer-product lifecycle.
Forrester Analyst Daniel O'Brien writes, "Emerging online
communities of customers and partners are precursors to full-time
eBusiness networks. Companies that listen, participate, and distill
community insights will improve product development, marketing, and
customer support." A McKinsey study found that eCommunity users are
twice as likely to purchase your products, twice as likely to
remain a customer and will use your eCommunity application nine
times more frequently than non-members. McKinsey further found that
eCommunity applications can lower customer service costs by up to
25% relative to tele-service and can save up to 30% in product
development costs as a result of increased collaboration.
The benefits of integrating an eCommunity application within
your Internet Marketing mix include:
- Higher profits through more and faster sales to new
customers, faster product evolution and larger more efficient
sales to current customers
- Overall cost reduction by leveraging the Web as the lowest
cost to serve channel
- Enhanced collaboration and cooperation among all stakeholders
vertically, horizontally, internally and externally to accelerate
knowledge exchange and reduce the transaction cost of profit
producing communication
- Accelerated Customer-Product Life and Sales cycles
- Improved customer retention
- A stronger and more unified brand
- Faster and less costly product development
- Streamlined business processes
Because Community enables you to:
- link all stakeholders within and among your business,
- track and capture insight and
- feed other enterprise applications and processes
You will be able to better:
- gather intelligence to plan product strategies,
- add value to retain customers, and
- leverage community expertise to solve important business
problems.
A community is not passive. A community requires
organizational alignment, commitment and a clear business focused
strategy with disciplined execution to deliver fresh content,
active management and key business intelligence. Further, while
membership should be targeted, don't think that community is only
about your existing customers. Because the essence of Community
is a shared interest, know that prospects have a shared interest
in learning how you can help them solve their business problems.
In addition, the more personalized your community the more likely
members will find what they are looking for, interact and add
value to your business.
Community features must be easy and fun to use enabling
both synchronous (e.g. chat or IM) and asynchronous (e.g.
discussion lists, bulletin boards and e-mail) communication. But
more important, the community must receive fresh, relevant, and
timely content of real business value. Content will derive from
many sources within the community including the sponsoring
business. However it is critical that community members are
empowered to share positive and negative ideas, concepts and
feelings about their shared interests (your firm and its
products). Allowing open and fluid but not libelous or disruptive
communication will promote the free flow of ideas that will help
you improve your business.
One To One Interactive has been working with Unisys for
nearly three years providing strategic, design, development and
analytical services for their first corporate eCommunity
application. For Unisys, eCommunity is becoming a strategic
component of demand chain management delivering many of the
business benefits mentioned above. For more information, see the
Unisys
eCommunity case study featured in this issue.
Whether you realize it or not, there is a community of
interest surrounding your firm and its products. By developing
and promoting an eCommunity to facilitate interaction and
collaboration among your stakeholders including customers,
prospects, suppliers, distributors, products, emarketplaces,
sales channels, partners, vendors, employees, industry analysts
and press you can participate in the information and knowledge
exchange. This participation will improve the efficiency of your
customer-product life cycle and delivering more enduring and
profitable customer relationships.
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