Pre-Commerce: How Companies and Customers are Transforming Business Together
Ideas for leaders to engage directly with customers to shape theirbrand and marketplace success
Since its debut E-commerce has been centered on the"transaction, " which represents less than one percent of thetime we spend online."" Now, we are entering the era ofPre-Commerce where customers make their own "decision" to buyor support a brand before the transaction. "Pre-Commerce"explains how the exploding use of social media channels hasfundamentally changed the way customers go about making theirpurchasing decisions, how they educate themselves and why theychoose to support certain brands above others. It shows whatexecutives must do to re-create the way their companies interactwith and learn from their customers, employees and competitors. Itincludes exclusive interviews and anecdotes Pearson has conductedor experienced with numerous influential C-suite executives duringhis time as leader of Dell's global social media team and asa consultant to Fortune 1000 companies, worldwide.Offers a step-by-step process for leaders to apply thisknowledge to begin transforming their companies, right nowBegins with a foreword from Mark Addicks, Chief MarketingOfficer, General MillsOver 25 Fortune 500 executives interviewed, including specialside-bar interviews with Michael Dell and Marc BenioffExplores the concept of "Pre-commerce"--the customer's decisionmaking happens well before a transaction takes place and continuesafter the transaction, representing 99% of time spent online, oftenoutside a company's reach todayShows how to build internal employee networks and how to takeyour first and most important steps to integrate social mediathroughout your company.
Pearson reveals that the best ideas are often free and thetechnology needed is rarely a cost-issue. Instead, it's a matter ofthe top executive deciding to adopt a new way of engaging directlywith its customers.
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Marketers still tend to focus most of their efforts on the activity that's immediately before a new revenue opportunity closes and ultimately ends in a sale. In contrast, this book is primarily about all the research, consideration and time that a person might invest in the earlier stages of the buying-cycle.
The book's liner notes explain the context this way; "Since its debut, e-commerce has been centered on the transaction, which represents less than one percent of the time we spend online. The other ninety-nine percent is referred to (by the author) as Pre-Commerce - a time where customers make their own decisions to buy or support a brand before and after the transaction, with or without a company's involvement."
Granted, a key focal point of Bob Pearson's first book is about the rise of social media, and its application within the marketing, sales and customer service organizations - but I would consider its inherent value to be viewed more broadly. It's also about re-engineering front-line business processes - with the intent to meet the info needs of today's discerning retail consumer or savvy corporate procurement professional.
The author succinctly states the current market reality at the beginning of chapter one. "Companies today have to reach customers long before they commit to their purchases, because customers are making decisions before they arrive at your store or home page."
It seems to me that Bob Pearson has devoted this book to helping legacy marketers understand how to ensure that their organization is producing content that enables a customer to purchase something that's a best-fit for their needs. He also explains, by sharing numerous case study examples, how to engage with your stakeholders online and give them the opportunity to participate in improving the product or service you offer.
Like most how-to oriented business books, the notion of Pre-Commerce was developed around a new model, called the four A's - awareness, assessment, action and ambassadors. This model provides a useful guide for most marketers to be prepared to put these forward-looking communication concepts into practice.
Mr. Pearson concludes the final chapter with the following insight. He says "I didn't write this book to give you all the answers - no one can do that. Nothing stands still in the Pre-Commerce marketplace, so business leaders constantly must learn it anew."
If learning where to begin the process of marketing communications evolution is where you're at today, then this book will likely be a good starting point for you.
Its Not As Hard As It Might Seem
TheMove from MarketResearch
The Tectonic Plates of the PreCommerce
Spam and Security
Social Media Communities
Building The Road From Idea To Product
Politics and Business
Creating Your Intellectual Network
Antibodies Enablers and Heroes