Monday, June 10, 2019

Selling is not an end game:

Selling is not an end game:

The Indian consumer is witnessing a massive up gradation in her lifestyle courtesy the highly competitive marketplace and the seemingly unending access to cash that the e-commerce portals invest in the form of product discounts to buy a huge consumer community.

This augurs well for the consumer community since they are now able to lay their hands on a whole range of consumer goodies including white & brown goods. Their new acquisitions drive them up the socio-economic ladder and gives them bragging rights over their newfound status. The frenzy around flash sales is a point to ponder over. Behavioral scientists are having a field day studying the new Indian consumer and her buying journey. Marketers are scrambling to up their game to be a few yards ahead of their competitors and grab market shares.

The problem lies in the next level of the value chain – service delivery. To keep costs low, firms are outsourcing a large component of the value chain. This is a segment where there is a huge opportunity to create brand experience and therefor brand loyalty. However, this opportunity is often missed out The outsourced workforce works on a cost-based model. Typically hires in this segment are not from the rururban SEC. Their concepts of the softer skills required to build brand image (time schedules, communication, presentation) are often not at par. Their environment many a time prevents them from comprehending these issues and why they are big for the customer and therefor the brand. 


The yellow boxes represent missed opportunities for the brand to create a superior brand experience and organizations need to closely monitor service delivery parameters.

I have myself had some recent experiences with a well-known electronic retailer. I have connected with the store, the customer support, sent them a detailed and long email. I even connected with them on twitter. All I got was another bored call-center voice asking me how I would rate their service on a scale of 1 to 10!

Outsourcing non-core and sometimes even core components of the value delivery process for a brand is a reality and is not going anywhere. It is at once an opportunity as well as a threat. An opportunity for entrepreneurs to offer creative and high-quality options at low cost. And this opportunity will continue to grow. The biggest threat for the brand is its inability to live up to customer expectations or competitive benchmarks.