Ask Yourself this When you launch an Online Wholesale Channel

Ask Yourself this When you launch an Online Wholesale Channel

The increasing trend is that companies are actually leveraging online technologies to establish an online wholesale channel.

In this text blog we share, the most common questions that sellers should think through as part of this process, as it can help make decisions about the best approach, and what features are required, to make this channel successful. The essential questions are:

  • Do you have an existing channel?
  • What do you use to support order taking?
  • What ordering patterns do your customers have?
  • What types of products do you sell?
In today’s post we’ll offer some suggestions for navigating these questions, and areas of consideration for each.

Do you already have B2B or maybe B2C channel?

Some B2B businesses also sell direct to consumer. In fact, many businesses have started out bringing their B2C business online, while still conducting B2B business through more traditional ways.

But as B2B buyers begin to expect the same ease of selling online as what they encounter from B2C stores, they’ve realized it’s time to also launch an online B2B buying system.

What elements do you use today to support order taking?

Many B2B and wholesale businesses are still managing transition from older ways of taking orders to the present ways. Some examples of this that are:
  • Phone or email: Some companies provide downloadable one-pagers on their website to provide the same information a catalog used to provide.
  • Snail mail (such as by catalog): Some still receive a catalog and fill out a card as their way for placing orders. Others will use mailed assets to see what’s new.
  • Human-led ordering: Some buyers simply prefer to work with someone(real person) to make sure they’re ordering the right things.
  • In person order taking: And some clients place orders with a rep in person, such as at trade shows or when they stop in to a location.
  • Order approvals: Some businesses require getting approval from a higher-up stakeholder before processing.
Whatever you use in a new system, you can incorporate these aspects into your system, or the new system may ultimately replace certain aspects, such as the printed catalog, with something more modern and efficient.

What ordering patterns do your customers have?

For many sellers, there are patterns to the buying process. Some businesses have times of year that are more fruitful because of the types of products they sell. Others sell evergreen products that sell all the time on a predictable basis. So when figuring out what you need out of a portal, some questions you should ask regarding ordering patterns are:
  • Do customers place similar orders consistently?
  • Do they order the exact same products every single time?
  • Do they generally know what they need to order, or do they need some kind of assistance?
This can help greatly. For instance, having frequently ordered products, re-order capabilities or a recently ordered list can help your buyers to handle things more quickly and smoothly. Order portals can also give customers access to complete order histories, and that alone can further simplify the process.

What types of products do you sell?

What you sell is important. For instance, if you’re selling simple items, you may be able to rely on a self-service order portal. It could drive a significant percentage of the purchases through your company. On the other hand, if your buyers are looking for complex products, needing guidance about new products based on previous products, your order taking system may leverage other types of tools such as Sales Quotes for salespeople. They can use that to draft up orders that customers can approve and turn into an order momentarily.

D’Butler can help you

Order capture/management solutions like D’Butler can help maintain business logic critical to the business while enhancing and improving the overall processes. Learn how we can help your business.

Visit dbutler.qa or check out our explainer video.

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