As consumers, we know that brands that consistently deliver value and make our buying experience effortless will continue to win our business over time. In my household, for example, we’re more likely to buy add-ons like Audible and Amazon music because we know the same level of convenience we get with our Prime membership will exist.
Our relationships with companies like Amazon remind us of the high bar that’s been set for the modern day customer experience, not just in the consumer world, but also for business-to-business (B2B) sales. Whether consciously or subconsciously, this standard of service influences our expectations for our buying relationships with B2B technology vendors.
This is nothing new, by the way...although technology has changed how and where we buy, successful brands have always focused on delivering valuable products to their customers and making it easy for them to purchase. However, companies that compete in markets with little to no competition have found ways to be successful over time, simply by being the best or only option available.
Think old school cable television – with so few consumer options, your area provider could win your business despite a reputation of delivering horrendous customer service. Now, with the rise of Over-the-top (OTT) streaming subscriptions, I’ve found that the level of service and ease of doing business has actually improved with my cable company.
The software business model is another example with (historically) limited competition – until now. In a sea of growing competition, it pays to focus on your customers.