
internet
business e-marketing.
Use the
internet to transform the way you do business with your customers,
partners, suppliers, and employees
In today's highly competitive marketplace, it is more important than
ever for growing businesses to enhance customer service, maximize
productivity, and control costs. Customers are demanding better
service and lower prices, and competitors are continually raising
the bar with new solutions to meet customer needs. Within the last
two years, the Internet has emerged as a critical tool for growing
businesses willing and able to leverage its immense capabilities to
solve problems and boost their bottom lines.
An
Increasingly Valuable Business Tool:
Growing businesses are flocking to the Internet. And once these
companies are on line, they use the Internet more frequently and for
a broader range of key business applications, according to market
analyst International Data Corp (IDC). This time spent on the
Internet pays off---IDC notes that companies accessing the Internet
tend to experience both higher revenues and greater growth in
revenues.
Growing
businesses first turned to the Internet to obtain industry,
competitor, or product information. For many, the Internet has now
become a way to streamline business operations, improve customer
service, and close sales. Much of this increased Internet use can be
tied to the emergence of a new class of solutions that will drive
growing businesses' success: Internet business solutions.
Internet
Business Solutions Shape the Office of the 21st Century
Internet
business solutions are software and hardware tools that tap into the
power of the Internet. They deliver dramatic productivity
improvements to growing companies by opening access to information,
resources, and services through a networked business environment.
They set new standards for relationships between a growing business
and its customers, partners, suppliers, and employees. Internet
business solutions can enhance your business productivity in three
primary ways:
Providing
new ways to ensure customer loyalty through on-demand information
and commerce options Building and maintaining relationships with
your suppliers and partners with real-time B2B business-to-business
applications.
Improving
employee efficiency through collaborative work arrangements and easy
access to job-specific and company data
A company's
Web site, together with Internet business solutions such as customer
relationship management and e-commerce, can extend the level of
personal customer service that growing businesses deliver today.
Improve
access to information---Both consumers and businesses look to the
Internet to find information instantly. By turning a Web site into
an information vehicle, growing businesses can give their customers
hassle-free, around-the-clock access to company and product
information. Simply providing basic information on product
availability and pricing can increase customer satisfaction levels
without major investments. By going the extra step to track site
areas that customers visit, you can gain important insight into your
customer's interests. This, in turn, can make it easier for you to
provide customers with the data they need to make buying decisions,
reducing your sales cycles and lowering your cost of sales.
Enhance
customer service:
Internet business solutions and the Web can be implemented to
provide various levels of "self-support" for customers.
Customers can obtain critical information about a growing business'
products and services, or learn answers to common
questions---without having to initiate direct contact. When done
effectively, this can improve the quality of service a growing
business provides while holding down staffing levels.
Simplify
business transactions:
Electronic commerce Internet business solutions convert
company Web sites into a powerful source of revenue, capable of
reaching millions of Internet buyers worldwide. More and more
customers are comfortable buying products and services over the
Web---in fact, according to the Yankee Group, in the United States,
business-to-business commerce will grow from $138 billion in 1999 to
over $541 billion in 2003. According to IDC, worldwide Internet
commerce will grow from $50.4 billion in 1998 to over $1 trillion in
2003. Customers appreciate the convenience and simplicity of Web
commerce. They simply click on "Buy it now" and the
e-commerce Internet Business Solution manages the entire purchase
transaction from credit authorization, payment, and fraud protection
to tracking, fulfillment, and reporting. Your customers can
configure products, place orders, make payments, check product
availability, and monitor order/shipment status around the clock.
Because customers place and verify their orders themselves,
electronic orders are less prone to error. Also, efficiency and
customer satisfaction rise as order rework and product returns are
reduced, all of which holds down your overall cost of sales.
Reach
a broader customer base:
The Internet dramatically expands geographic sales coverage,
enabling a company to build awareness and sell to customers
worldwide, opening markets that might otherwise be impossible to
reach. Now that buyers are using the Web to find and qualify
potential vendors, growing businesses have new opportunities for
lead generation and sales. Companies can place advertisements on
other Web sites frequented by potential customers. Visitors to your
Web site can self-qualify by filling out forms to request contact by
sales representatives. Advertising Ventures Inc.
Advertising Ventures Inc.---A 15-person advertising agency, tapped
into the Internet to enhance its client services capabilities.
According to President Stephen Rosa, the Internet has placed the
Providence, R.I.-based agency on a level playing field with larger
agencies. By using Internet business solutions, the firm has been
able to provide top-level customer support and tap new markets. Two
European companies discovered Advertising Ventures through its Web
site, and signed on as clients---something Rosa says never would
have happened without the Internet. Advertising Ventures maintains
its relationship with these firms primarily through its Internet
capabilities. Remote users can now download documents housed on the
firm's network, collaborate on server-based documents, and transfer
files via e-mail. Advertising Ventures plans to post project status
reports within a secure section of its Web site so that
international clients can get up-to-the-minute progress updates,
24-hours a day, seven days a week. Notes Rosa: The Internet allows
us to service long-distance clients in ways that were previously
unthinkable. In short, it has enabled us to offer far away clients
the same quality service our clients at home receive.
Collaboration
with Suppliers and Business Partners:
Building and maintaining business-to-business relationships is one
of the foremost opportunities the Internet presents to growing
businesses. According to IDC, 68 percent of all businesses with
fewer than 100 employees sell to other businesses. Internet Business
Solution tools such as Web-based procurement, supply chain
management, and trading community software raise the ability of
businesses to cooperate and collaborate to new levels.
Improve inventory management:
Over the Internet, companies can easily share current
information and work together to optimize inventory management. This
is often done via an extranet, or private link over the Internet
between a company and its selected business partners. By
continuously providing up-to-the-minute data on both supply and
distribution inventory, as well as sales trends and forecasts,
extranets allow growing businesses to make more timely and accurate
purchasing decisions. This can reduce your costs, allow you to
better manage your supply and demand, improve your cash flow, and
increase customer satisfaction.
Reduce
travel and communications overhead---Online collaboration can
reduce, if not eliminate, the need for travel, phone calls, faxes,
and overnight mail. Sharing designs, documents, and presentations
interactively reduces the time and operational costs of partner and
supplier communications. As many growing businesses have already
discovered, the Internet can identify and pre-qualify potential
suppliers or business partners, reducing communications and travel
costs associated with pre-qualification.
Collapse
time-to-market:
Online collaboration lets growing companies move faster.
Time-to-market can be reduced by using collaboration software to
align internal and external resources, and simultaneously review
product designs, proposals, contracts, and other documents. By
streamlining the processes associated with gathering, organizing and
reviewing information, companies can get their products or services
to market ahead of the competition. This allows growing businesses
to maintain a competitive edge. One World Distribution, Inc.
One World Distribution, Inc.---At its inception, a third-party
fulfillment company, designed an entirely Internet-based
infrastructure. As a supplier to other companies, it manages the
majority of its communications, including electronic funds transfers
and electronic data interchange, through an extranet. It also uses a
file transfer protocol (FTP) site to distribute order summaries,
inventory updates, customer data, and shipping details to its
partners. Because One World operates over the Internet, its physical
location is unimportant to the companies it serves. This has allowed
the company to relocate from Los Angeles to South Dakota to take
advantage of lower operating costs. It maintains the productivity of
its technology in this new home with remote support from its
technology provider. According to One World President Thomas
Unterseher, the company's goal is to fit seamlessly with its
business partners' operations.
Productivity
Tools for Employees:
By finding innovative ways to improve employee productivity,
growing companies can conduct more efficient business with their
customers, partners, and suppliers. Internet business solutions such
as sales-force automation, intranet groupware, employee
self-service, human resources management, and Web-based training can
deliver profound new productivity benefits to your employees while
streamlining your internal operations.
Improve
customer relationships:
Sales-force productivity tools empower representatives by
allowing them to build stronger relationships with customers, while
enabling them to respond faster and more efficiently to customer
needs. Sales representatives can manage appointments more
efficiently, send correspondence; access company, product, or
customer information; develop product configurations, and generate
quotes even while they are traveling or at a customer site.
Raise
the standards for excellence:
Though employing knowledgeable, well-trained employees is
critical for growing businesses, providing ongoing training and
education is cost prohibitive. Web-based training greatly reduces
time and costs associated with training. With Web-based courseware,
you can establish online training centers for employees by creating
Web pages comprising self-paced training modules. Employees train at
their own pace, at their desktops, eliminating the need for a
central training location reducing travel time and cost.
Enhance
team performance:
Many firms are turning to collaborative technologies to
expand the capability of teams and build a greater sense of
community in the workplace. Technology-enabled teams are less bound
by space and time, and they can be structured specifically by tasks.
Exchanging information via e-mail can dramatically increase team
productivity and responsiveness. The functionality of groupware
extends well beyond e-mail---group calendaring/scheduling, data
conferencing, videoconferencing, group document editing, workflow,
and many other collaboration applications are now available in
Web-based versions and more enter the market every day.
Share knowledge:
While an intranet can serve as a repository for easy form,
policy, and procedure access, it can also be used to distribute
current project information and "best practices" among
employees. This type of sharing turns information into actionable
knowledge and ultimately provides your organization with a
sustainable competitive advantage. Intranets increase a company's
rate of learning by making information available to any employee,
anytime and anywhere. The intranet easily becomes a platform for
corporate knowledge management, whereby you can manage knowledge
resources and intellectual capital as you would other corporate
assets. The Ultimate Software Consultants (TUSC).
A
100-person consulting firm based outside of Chicago, TUSC believes
in demonstrating its expertise through its own use of technology.
This philosophy has encouraged the company and its employees to
develop several Internet-based, productivity-enhancing business
tools. One of the most impressive, a searchable "tips and
techniques" database housed on the company's intranet, allows
the firm's consultants to share knowledge by documenting problems
and solutions they encounter daily. Other team members search the
database when faced with an unfamiliar task. This information swap
keeps the TUSC staff focused on solving new problems, rather than
reviewing old issues.
Are
Internet Business Solutions Right for You?
Implementing any new business process can be a challenge. But
growing businesses can rest assured that Internet business solutions
can be put into service quickly and easily. "E-business
pioneers like Cisco have already stimulated the market so that much
of the computing and network infrastructure to support Internet
business solutions is already in place," says Richard Steranka,
Director of Channel Marketing at the Cisco Systems Small/Medium
Business Unit. "Internet business solutions are quickly
maturing. They are readily available from a variety of solution
providers, and they can be deployed without a sophisticated IT
staff. Cisco and its partners are meeting the unique needs of
growing businesses."
Evolution,
not revolution:
Taking advantage of Internet business solutions and Internet
technologies is an evolutionary process. The market research firm
Access Media International reports that over the past two years,
small growing businesses have aggressively adopted new Internet
technologies. In 1997, companies with 20 or fewer employees using
the Internet already used software applications on local-area
networks (LANs) to connect users in an office to shared resources
such as printers, files, and Internet access. In 1998, as the
Internet became more critical to their operations, these companies
moved rapidly to add servers and shared Internet access over
high-speed data lines. Today, many of their Web sites offer
e-commerce catalogs. Companies with 20 to 99 employees using the
Internet are moving even further ahead to adopt broadband
connections and wide area networks (WANs). These companies have also
begun to integrate their front-office and back-office operational
systems.
-
Information
within the business.
-
Expectations
within the minds of employees
-
Change
that occurs when new Internet business solutions and processes
are implemented.
-
Your
company can begin to assess its own readiness for Internet
Business Solution adoption by answering the following
questions:
-
Strategic
Plans---How large is your company today? Where will it be a
year from now? How many company sites will you have? How many
employees will work in your company?
-
As
growing numbers of employees increase their use of networked
applications across a greater number of geographic locations,
the capacity of your company's network begins to have a
significant impact on productivity.
Technology:
What is the state of your current technology infrastructure? Do you
currently use a LAN? Do you take advantage of shared Internet
access? Is your company Web enabled? How technologically savvy is
your staff?
If your
company has been postponing the adoption of these technologies, you
could be putting yourself at a competitive disadvantage. It may be
time to begin evaluating how to put technology to work for your
business.
Your
Competition:
What kind of Internet presence do your competitors have? Do
they have Web sites? Do their Web sites meet customer needs and
expectations? What is the likelihood of your competitors adopting
e-commerce?
Widespread
deployment of Internet and e-commerce technologies throughout your
industry makes them a wise choice. If your competitors are on the
Web, then you probably need to be there too.
Markets:
What kind of geographic market are you focused on (such as
local, statewide, regional, national, or international)? Are you
looking to expand your business to reach a broader customer base?
Can the Internet give your company a global presence? Are your
products or services suited to Web-based commerce? Do customers look
on the Web for a product or service such as yours?
If you want
to sell outside your traditional geographic boundaries, marketing
over the Internet is a highly cost-effective means of achieving an
international or global presence. However, you need to be certain
that customers will be willing to buy a product or service such as
yours over the Web.
Customer
Relations:
Are your customers on line today? Are they currently buying
products and services on line? Do they go to the Web to look for
information on products or services such as yours? Do you view
improving customer service and communications as important?
Internet
business solutions and the Internet will help you acquire and retain
valued customers by making customer information readily available
regardless of the customer point of contact.
Supplier
relations:
Are your suppliers and partners on line? Can you communicate
with them via the Internet? How frequently do you receive inventory
management information? Would your company benefit by better control
of inventory and supplies? Do you ever need to use electronic data
interchange (EDI) or other electronic payment technology?
If your
growing business works with many larger trading partners, you may
want to investigate Internet business solutions that will facilitate
business-to-business e-commerce.
Productivity:
Would you like to find new ways to increase employee
productivity? How do teams and groups within your company
collaborate? Do you currently have a training program in place? What
methods are used by your employees to share knowledge and
information?
Profitability:
How will e-commerce affect your costs? Will it affect your
prices, margins, cost of sales? Do you view improving internal cost
controls as a priority? Is decreasing or managing your inventory of
concern
Determining
answers to the above questions can be your first step in using the
Internet to transform the way you do business. The answers will also
facilitate finding a solutions partner best suited to help you
select, implement, manage, and support the Internet business
solutions that address your requirements.
Plan
your technology infrastructure:
Plan now for the evolution and growth of your computing and
networking infrastructure. Become knowledgeable about new Internet
Business Solution products and services which meet the specific
ease-of-use, reliability and security needs of growing businesses
such as yours.
Anticipate
your networking upgrade needs:
A growing business' LAN or WAN may need to be upgraded to
realize the full potential of the Internet. Examples include moving
from Internet access via a single modem to an ISDN line for
company-wide use, or upgrading to a client/server network from a
peer-to-peer network. Keep in mind that you may encounter these
upgrade needs as you scale up your network and operational systems
to keep pace with Internet-enabled growth.
Empower
solution providers:
Value-added resellers (VARs), value-added providers (VAPs),
service providers (SPs), system integrators (SIs), and consultants
are the primary sales and support channels for customers in the
growing business markets. These solution providers offer the
necessary support, tools, and training to help growing businesses
use the Internet to their own advantage. They offer a range of
products and services designed from the outset to meet the needs of
growing businesses. Find a solutions provider who understands the
needs of your business and who will be able to meet your needs today
and into the future.
Purchase
integrated solutions:
Seek vendors
that offer complete solutions, including Internet business
solutions, installation and integration services, and infrastructure
and Internet access solutions through a single point of support.
Look for vendors who focus specifically on meeting the needs of
growing companies.
Take
the next step:
Internet
business solutions enable growing businesses to transform the way
they do business with customers, partners, suppliers, and employees,
by positioning them for quantum leaps in productivity, greater
growth, and profitability. The benefits of using the Internet are
compelling, and the application solutions that enable it are readily
available and feasible for today's growing businesses. Take the next
step now and learn how your company can quickly achieve huge
increases in productivity while lowering the cost of doing business
by adopting Internet business solutions.
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