When Are B2B Customers Likely To Switch?
Submitted by Jeannie Walters on Tue, 06/28/2011 - 9:57am
Originally Posted on Author's Blog
class="alignleft size-thumbnail wp-image-1304" title="Loyalty" src="http://www.360connext.com/site/wp-content/uploads/2011/06/Loyalty-150x99.jpg" alt="" width="150" height="99" />
There is some lore out there that B2B is vastly different than B2C experience. I beg to differ.
Bottom line – attention to customer experience within any organization should be about loyalty. If you’re not interested in keeping more happy customers, then move along.
In this economy, with the
title="Customer Experience And Search: New Rules" href="http://www.360connext.com/customer-experience-and-search-new-rules/">convenience of research and referrals, B2B needs to wake up and smell the competition. Smaller, more nimble companies are born every day. They are hungry and humble and willing to take your customers. In fact, they will lure away your “satisfied” customers. B2B is still about people. And right now, with purchasing budgets and timelines slashed, it’s time for B2B companies to get serious. Pronto.
style="font-weight: normal;">
href="http://www.google.com" target="_blank">Google quoted a study from 2010 stating
href="http://brainzooming.com/zero-moment-of-truth-a-strategic-customer-engagement-concept/4261/" target="_blank">62% of B2B buyers are doing more online research
because of the economic downturn and have become more likely to switch vendors. Google is also seeing a surge in B2B conversions, with conversion defined as an individual taking a desired action on a website. Combine these ideas with the way title="Recap: LinkedIn and the Customer Experience" href="http://www.360connext.com/recap-linkedin-and-the-customer-experience/" target="_blank">LinkedIn, title="Like Me!" href="http://www.facebook.com/360Connext" target="_blank">Facebook and other social signals are incorporated into simple search, and you see that B2B relationships are at risk more than ever.
because of the economic downturn and have become more likely to switch vendors. Google is also seeing a surge in B2B conversions, with conversion defined as an individual taking a desired action on a website. Combine these ideas with the way title="Recap: LinkedIn and the Customer Experience" href="http://www.360connext.com/recap-linkedin-and-the-customer-experience/" target="_blank">LinkedIn, title="Like Me!" href="http://www.facebook.com/360Connext" target="_blank">Facebook and other social signals are incorporated into simple search, and you see that B2B relationships are at risk more than ever.
So what to do? If you are serving businesses in your business, take the time to humanize the relationship. Ask for feedback. Provide many ways to circle back and let them know what’s coming. Promise – then deliver – innovation. Stay aware of your competitors.
It’s tough out there. Don’t let your business customers’ loyalty fool you.
Photo Credit:
href="http://www.flickr.com/photos/enriqueburgosgarcia/" target="_blank">Enriqueburgosgarcia
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