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Digital revenues skyrocket for B2B businesses

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Why we care about adtech: The complete guide

B2B firms saw their revenue from digital channels skyrocket in the past two years. These companies say 40% of their revenue now comes from digital channels compared to 28% two years ago, according to Salesforce’s State of Commerce report. That’s a reflection of increased digital order growth as B2B global same-site sales grew 95% over that period. 

Read next: How B2B marketers can activate first-party data in their CDP

Three levels. This is just the beginning of a transformation, according to the study, which divided firms by three levels of online competence: 

  • Leaders: 35%
  • Moderates: 55%
  • Laggards: 10%

While 31% of all B2B sellers say online channels provide more than half of all revenue today, 57% of leaders think digital will provide more than half of their revenue within the next two years.

Nearly all (97%) digital leaders and moderates (91%) expect buyers to place larger, more complex orders online in the next two years, compared to only 62% of digital laggards. Companies are also prioritizing going direct to customers, with 54% of B2B organizations already selling directly through their websites.


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Experience counts. With 91% of B2B buyers saying purchase experience is as important as products or services, vendors are having to improve their online performance. One way is with marketplace platforms directly connecting buyers and sellers: 33% say launching a marketplace is a priority over the next two years. 

Further, B2B companies are responding to the same changes in consumer preferences hitting B2C. When picking between brands, 54% of business buyers prioritize convenience. So, business sellers are adopting flexible fulfillment. 51% of B2B buyers report using curbside pickup more than they did one year ago and 55% expect to be using options like buy-online-pick-up-in-store and fast shipping more within the next three years.

The effect on sales. Across the board, 64% of all B2B sellers reported digital commerce increasing sales team productivity. The companies most likely to report this benefit are digital moderates (70%) and laggards (60%).

Also, 60% of companies say digital commerce improves sales team members’ job satisfaction, with digital leaders 1.4 times more likely than laggards to report this benefit. Similarly, 75% of digital leaders say digital commerce has improved customer satisfaction. B2B companies are also seeing improvement in sales and service relationships: 53% of organizations report this as a benefit overall, although leaders (54%) and moderates (56%) are more likely to agree.

Why we care. B2B and B2C marketing and customer behavior have long been considered entirely separate things. The shift online, driven by pandemic-related behavior changes, is altering that. Hopefully, B2B marketers will be able to learn from what B2C has gone through and not re-invent all those wheels.


About The Author

App users visit brick and mortar 41 more often than

Constantine von Hoffman is managing editor of MarTech. A veteran journalist, Con has covered business, finance, marketing and tech for CBSNews.com, Brandweek, CMO, and Inc. He has been city editor of the Boston Herald, news producer at NPR, and has written for Harvard Business Review, Boston Magazine, Sierra, and many other publications. He has also been a professional stand-up comedian, given talks at anime and gaming conventions on everything from My Neighbor Totoro to the history of dice and boardgames, and is author of the magical realist novel John Henry the Revelator. He lives in Boston with his wife, Jennifer, and either too many or too few dogs.

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MARKETING

What Is AI Analytics?

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What Is AI Analytics?

Our 2023 Marketing Trends Report found that data-driven marketers will win in 2023. It makes sense, but data analysis can be challenging and time-consuming for many businesses.

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Scaling agile with the Agile Marketing Navigator framework

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Scaling agile with the Agile Marketing Navigator framework

Many think that scaling agile means taking it from one team to many. While that’s a part of it, agility at scale is more about culture transformation. Everyone in the marketing organization needs to transform into an agile way of thinking and acting.

The practices we’ve established in the Agile Marketing Navigator help drive culture change and the right behaviors for agility. Today, we’ll focus on Cycle Time, Waste Removal and the roles of Stakeholders and Practice Leads that can help you to take agile marketing to the next level.

Remove waste by overhauling old ways of working

When it comes to waste removal, a team can make changes if they can work autonomously. But more significant effort is required to make impactful changes in larger organizations where systems and processes reach far beyond the team.

Let’s say that several agile teams have identified that too many sign-offs are required to get work delivered quickly and with agility. Now you know this is a systemic issue across marketing that requires more than a Band-Aid repair.

The first step is measuring the problem’s impact on overall marketing delivery. It’s best to do this collaboratively, getting in put from representatives of several teams and levels in the company. You can break down items by the types that seem most problematic. 

Let’s say everyone says the process for launching a landing page on your website is really slow and has the most sign-offs. Take sticky notes and map out all the steps in the process, focusing on each sign-off. This allows you to quantify a baseline for just how many steps are in your process and how long it’s taking today. 

You’ll then look at the total number of average days it takes to deliver the landing page across the organization. In this example, we’ll say it takes an average of 45 business days to launch a landing page from start to finish.

Everyone should then discuss what seems like a more reasonable timeframe. This group decides to strive for 30 days. Now they need to uncover where they can get back those 15 days, most of which are tied up in approvals and wait time.

Because this issue is constraining all marketers, leaders need to be able to step up and be willing to radically empower the change from old ways of working. They will have to allow this change to happen and empower Lean thinking. This often means giving up a bit of security or safety in exchange for speed. And yes, mistakes may happen. But this is where trusting that people will learn from them and the overall change will outweigh the risk.

It’s this type of culture change that will lead to true agility. Leaders: You can’t just hand off agile marketing to your team and walk away. It’s imperative that you empower the teams to identify the issues while actively paving the way for them to implement new ways of working.

Lead Communities of Practice

As you mature in your agile practice and form teams around business needs, you break away from traditionally built departments around disciplines. However, as you involve more and more teams in agile marketing, it will be really important that those disciplines still have strong leadership and best practices.

A Design Community of Practice is a great example. The Practice Lead needs to work with all the designers across all agile teams to ensure branding quality and growth in the field happen. 

A Practice Lead in our framework is typically a department manager, but their role alters with agile marketing. They are no longer assigning or managing work, but they still need to work to ensure everyone in the field can be successful with skills, tools, knowledge sharing and practice standards.

If you’re working in agile today and have found that the functional roles are being diminished, immediately start operating a Community of Practice, and you’ll find that you can succeed with a delivery team that has multiple skill sets, as well as in a community where shared skills are maximized.

As you grow in agile marketing, remember it’s not just a check-the-box process or framework. Really good agile marketing takes great leaders that are invested in true transformation.


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Opinions expressed in this article are those of the guest author and not necessarily MarTech. Staff authors are listed here.

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The benefits of extending Optimizely into a B2B app

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Evaluating a new A/B testing vendor: Timeline



Paper order forms, faxes and even old-fashioned phone calls still tend to dominate the wholesale sales process. While B2B is way behind B2C, the move to digital commerce is underway and accelerating. This is precisely why ecommerce platforms that specialize in delivering B2B tools, features and functionality (like Optimizely) are seeing such rapid growth.

A recent Gartner report examines the rapid move toward B2B digital enablement and a key finding is that buying decisions and the actual purchases are no longer being driven by sales reps, as online ordering surges. In fact, at the time of the study, only 17% of the wholesale purchase journey was attributed to sales rep interactions and, among millennials, fully 44% said they prefer no sales rep interaction at all when making buying decisions.

This quote from the report struck me as particularly important. “As baby boomers retire, and millennials mature into key decision-making positions, a digital-first buying posture will become the norm. Further, we expect the acute spike in digital buying during the COVID-19 pandemic to have sustained influence on customer comfort with digital learning and buying.”

Covid-fueled retail ecommerce has exploded and B2B is finally starting to catch up. Smart B2B businesses are starting to adopt a “digital-first” stance and considering an app as a logical extension of their online wholesale ordering platforms.

The reason apps play such a big role in B2B is utility. B2B buying is very complex and ecommerce platforms are usually tied into an ERP and CRM. Tools for account-based custom pricing and order list management are typically folded in.

The B2B path to purchase can be a winding one and an app can straighten this road by personalizing the online buying experience and delivering it in an always-on manner, literally in the pocket of buyers. Reducing customer service time/expense and data entry error is often cited as a primary goal of wholesalers considering an app.

After all, all wholesale buyers are consumers themselves and covid-driven retail app adoption and use has skyrocketed in the last two years. Mobile app usage was up 40% during covid. Another factor is that, increasingly, wholesale customers expect an app to make ordering easier and more personalized.

Ask yourself when was the last time you logged into the Amazon mobile browser? Odds are, you never have, since the instantly-personalized experience of the app is far-superior. With an app, there’s no need to enter payment information, no need to type in your address and order history is called up instantly. Page load times are nearly instantaneous and you get the app-only option of using push messaging to drive deeper engagement with wholesale accounts.

Chef’s Warehouse is one of our biggest B2B customers they recently re-platformed to Optimizely. We built their B2B app out to leverage and extend new Optimizely B2B features and functionality and the results have been fantastic. Their reps can easily access customer order history and account-specific pricing, etc. The app consistently delivers a conversion rate that is three times that of the mobile website and the majority of buyers/chefs now use the app for wholesale ordering.

Apps were once thought of as “nice to haves” but this is changing fast, as buyers demand tools to make complex wholesale ordering processes easier. As more and more wholesale businesses move online and the business starts to catch up to retail, the leaders in the space will be first to market with an app, so they can learn and iterate and phase in new features.

According to Digital Commerce 360, in 2021, online B2B sales grew 17.8% to $1.63 trillion from $1.39 trillion in 2020. In fact, B2B ecommerce sales grew faster than all other manufacturing and distributor sales in the U.S.  

Gartner calls the successful delivery of digital, online tools to help smooth the path the purchase “Buyer Enablement” and concludes the research with the following: “Customers are migrating decisively from in-person channels to digital alternatives…new digital channels must be purpose-built to drive sales performance, justified by a simple truth: customers learn and buy digitally.” 

Apps are all we do, we make the process easy, and the ROI is typically rapid. Orders placed on the app “pour into” your current Optimizely operations and data is seamlessly synched between the app and Optimizely.

If you are interested in a custom app to meet your specific needs, please consider visiting our page on the Optimizely solution marketplace. We work with Optimizely customers like Chef’s Warehouse and Binny’s Beverage Depot and can customize an app project specifically designed to meet your unique requirements.

Got app? If not, you should be considering the potential benefits to your wholesale business.  



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