Are you starting a B2C business in 2021?
You need a digital presence.
The B2C market is expected to reach $4.01 trillion in 2021. You can’t expect to reach this demand if you don’t have a B2C portal to handle your business operations and customers.
In today’s world of instant solutions and fast foods, customers want instant answers. B2C businesses need to adapt to this changing customer demand and behavior. They need to bring in self-service for customers to handle their activities. After all, that’s what 89% of the US customers expect from businesses. With B2C portal development, businesses can increase profits and drive growth. Though B2C portals are not limited to customer support, they can enhance customer experience with streamlined management.
Let’s see how B2C portal development can set up businesses for long-term success.
B2C Model: Overview
B2C stands for “business to customer.”
A B2C business sells products or services directly to the customers—for example, an online storefront, a pet sitting business, a gourmet pet food business, etc.
A B2C model eliminates the middleman and connects sellers and buyers directly by allowing businesses to develop their storefronts or sell via different mediums. Amazon, Walmart, and eBay are known to follow the B2C model.
So, if your customer is the end-user, you run a B2C business. It’s a hybrid model if you sell to both customers and businesses.
Challenges in B2C
B2C businesses have a huge potential in niche and local fragmentation. However, looking at the customers’ demand, the convenience of online shopping, and instant support, it’s difficult for you to hold the ground. As a B2C business owner, you need to face many challenges to keep up with the high customer demands.
A few of those include:
Consumer Traffic
If Google doesn’t know your name, your customers don’t. SEO is an essential part of your business. It’s the guide that helps your customers reach you and vice versa. As a B2C business, you need to ensure that your website is optimized to attract traffic. UI and UX are the factors that distinguish you from your competitors. Managing it all is challenging as new trends come up often, and you have to stay updated all the time.
Payment Processing
Along with online shopping, customers prefer digital payment methods. They like it more if there are multiple options like debit and credit cards, bank transfers, e-wallets, cryptocurrencies, pay later, etc. However, most of them are hesitant to submit their payment details to the website due to security concerns. So, B2C businesses have to ensure that they offer multiple payment options with SSL encryption, PCI compliance, and other trust marks to increase customer credibility.
Customer Support
Digitalization has reduced our patience level. Now, everyone wants instant solutions to their problems. As a B2C business owner, it might be difficult to manage all the customers at one time. Say you have to attend 20+ calls and provide solutions to each one of them. Sometimes, you have to put one or two customers on hold, which creates a negative impact. It also affects your support team’s productivity. How can you handle it all!?
Customer Experience
Customer experience depends on how customers feel from the moment they land on your website to the purchase and post-purchase stage. The cost of acquiring a new customer is ten times that of retaining an existing one. But lack of strategies and tools makes it difficult to hold the existing customer for a long time. For example, if customers find it difficult to return the purchased product or are unsatisfied with the service, they will likely abandon you.
Considering the pace at which technology is advancing, providing customers with the support they seek with manual approaches is tricky.
Order Fulfillment
How do you feel when you undergo an entire order purchase process only to find the “out of stock” message at the checkout or after placing an order? It upsets you. You think – “only if they could have mentioned “Out of Stock” at the first stage, I would have ordered it from another store by now.” B2C businesses have to ensure that they fulfill all the customer requirements and if the order is unavailable, it’s mentioned ‘Sold out.’ When it’s back in stock, notifying the customers about the same is crucial. You can’t keep doing that manually, and to and fro between systems is daunting.
Product Search
What’s the use of having an attractive website and dozens of products if customers can’t find what they are looking for? The convenience of online search and smooth navigation is the crucial component of customer satisfaction. However, most B2C businesses fail to provide customers with advanced search and filter options to find the products quickly.
Apart from these common challenges, B2C businesses have to look after all the business operations while managing customers, which can be overwhelming.
Hence, B2C portal development provides customers and businesses with authorized access to relevant data. Both can manage their activities without relying on others for support. Customers, for example, can view their orders, make purchases, and find solutions to their problems using a knowledge base without asking the support team for help. Businesses can streamline their entire operations by giving limited CRM access to everyone included.
Here’s how it helps.
Business Objectives of B2C Portal Development
B2C portal development, generally known as a customer portal, offers a customer-centric approach to increase customer engagement. Here are how B2C portal development fulfills the purpose:
Central Access
A B2C portal brings customers, employees, clients, and other business entities under one roof. Everyone can log in to their space and access the required information based on their roles. The auto-sync between the CRM and the portal makes it easy to carry out administrative activities.
The centralization makes operation management efficient. For example, the support team doesn’t have to go to and fro between CRM and portal to view tickets and customer details. They can view everything directly from the portal. Any changes made in the portal will reflect directly in the CRM.
Personalized Content
B2C portal development provides personalized access to particular users. You can add personalized content for target user groups (e.g., clients, customers, and employees) at specific security levels. Restrict the access to training videos for customers and clients. Suppose a specific support team focuses on the product return process, and you want to equip them with training videos. In that case, you can provide only that particular group with access to training materials.
Active User Interaction
B2C businesses can increase customer engagement by creating community forums. The community forums will allow customers to discuss solutions, troubleshooting steps, share feedback, ideas, and suggestions. The support team can actively participate in the discussions and take into account the customer issues.
In short, B2C portal development helps increase involvement, engagement, and empowerment.
Security Benefit
As an admin, you can fully control the portal access, including who can view what. You can decide which employees to provide authorized access to which data of the business. The secure access to each and every employee and customer based on their roles will help you keep business secure.
Workflow Automation
B2C portals reduce the load on your customer support team. Your staff doesn’t have to handle the redundant queries manually. The B2C portal development will enable your customers to generate their tickets, find solutions to their problems with the knowledge base and community support. The support team, on the contrary, can communicate, share, and update data directly on the portal for everyone to see. This will help them focus on addressing complicated queries instead of repetitive tasks.
Multi-Channel Capabilities
Customers, employees, and others can access the portal through any digital device from anywhere. It ensures they enjoy the immersive experience across all platforms.
These are a few of the fundamental customer self-service elements of B2C portal development. A few tips that you shouldn’t overlook while undergoing development are mentioned below. Keep reading!
Originally Source: https://www.crmjetty.com/b2c-portal-development-guide/
The Ecommerce portal is the topmost service utilized by the users widely.
Where the users able to get the desired products delivered on the same day itself with ease of online payments.
B2C Portal B2C is a portal where all the users can search, find and order products listed on the online marketplace to purchase/sell the products.
B2C helps the traditional business to enhance its business operations and sales rate with an online website.
These are the challenges faced by the traditional business are The 10 Most Common Challenges Faced by traditional BusinessesLack of Attracting the perfect customerThe traditional business lack in attracting the customer, they fail in showcasing the products and their features to the potential customers.Making targeted trafficThey lack in reaching the people and they fail in reaching the target audience.
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