Our approach
There are five lessons we have learned by selling on-line every day and that we find particularly important to get the right approach to e-commerce business. We follow these guidelines with every client. We apply them in every project.
Lesson #1: This will be harder and more expensive than you think.
This rule is particularly important for executives new to the online channel, many of whom have little perspective on the level of effort and investment required to build and sustain an online or multi-channel endeavor. It's not just the technology. It's the people, the design, the marketing, the analysis and the ongoing improvements.
Lesson #2: This will take longer than you think.
Online commerce moves at warp speed, but that does not mean that your return on investment or sales increases will be instantaneous. If you have a short time horizon in terms of expected success – ask yourself: "Why do I think that ROI will come quickly?" Do you have data and perspective to validate that expectation? Wishing won't make it so. It's ok (and right) to aim aggressively - but have a plan (not just a hope) to get there.
Lesson #3: There will be distractions. Have a strategy, stay focused.
Having a solid vision and strategy for e-commerce is just about the only thing that will help you determine which of the many new ideas you'll see and hear about are worthwhile and which are simply shiny objects floating by. Be open to the ideas and the possibilities; but have the discipline to prioritize and say "no" when necessary.
Lesson #4: Your customer is already way ahead of you, and so (likely) are your competitors.
We still have the occasional client that will tell us "our customer is not that Internet savvy…" to which we say, don't kid yourself. This is no longer a choice. It's an imperative. Your customers (young old, rich and not so rich) are already shopping online on their computers, on their phones and on tablets. They may not be shopping online with you yet, but their expectations are being raised every day by the early adopters who have gotten it right. Yes, you will have to run to play catch up, but that will be less difficult than not entering the race.
Lesson #5: The longer you wait the harder and more expensive it will be.
Yes, in some ways the barriers to online entry continue to be lowered due to advancements in technology. But, at the same time, the complexity and sophistication of the online world continues to evolve and (see the point above) customer expectations continue to climb. Jump in and kick like hell. There isn't going to be a better or easier time.