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Keith Krach

My First: Easter-April Fool’s Day-Birthday

Keith Krach

Never forget Mama Krach’s face witnessing my side-splitting, gut-busting, nose-blowing, momentous April Fool’s Bday party.

Tomorrow is Easter, April Fool’s Day, and my birthday. The last time Easter fell on April 1st was in 1956 (the year before I was born), and it will only happen two more times in this century. Of course, I love the Easter Bunny. Heck, I have five kids and my three youngest still believe the Easter bunny went to Purdue. But being born on April 1st is something special.

Check out the original post on Keith Krach’s Medium

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Make Friends First and Pretend You’re Switzerland: 7 Tips for a Successful Business Partnership

Striking up strategic partnerships is a proven and powerful way to tap new markets, leverage an organization’s presence and ability to scale, and build a brand and bottom line.

That is, if you plan, pick and partner with the right organizations in pursuit of a mutually beneficial relationship. At DocuSign, that’s meant setting the salesman’s hat aside and truly making friends with people respected in their industries. The goal should always be to over-deliver in order to build a long-term, trusted partnership.

Read article at Entrepreneur

Hard-earned Lessons from Silicon Valley Veteran, Keith Krach

Listen to the Full Episode on SoundCloud:
Hard-earned Lessons from Silicon Valley Veteran, Keith Krach | #50
Chairman and Former CEO of DocuSign, Keith Krach, pioneered numerous categories in the tech space including mechanical design synthesis and business-to-business electronic commerce. General Motors, Rasna Corporation, and Ariba are among the forward-thinking companies Keith has served during his storied career. Today, Keith leads DocuSign to unprecedented growth; the DocuSign Global Trust Network has surpassed 200-million unique users with 300,000 new users joining daily. From parenting advice, to the most valuable lesson of Keith’s career, this episode of Entrepreneur Weekly is loaded with practical wisdom from a game-changing businessman. Listen now!

DocuSign Chairman Explains How The Company Became An Integral Part Of The Tech Industry

“We eliminate paper in [processes], which is the first and crucial step before you can leverage other technologies such as big data, machine learning and artificial intelligence,”

Krach said.

“Speed of implementation and getting results is crucial to overcoming the cultural resistance to change during any type of transformation.”

Read more about Keith Krach On Benzinga.com

Keith Krach’s thirty-five-year quest to increase the world’s productivity

“These same principles that Krach outlined at Ariba were also applied at DocuSign, which means being a category kingmaker isn’t luck or fortune. It’s a playbook….  A combination of academic, professional, and personal experiences have made him realize that successful category creation is teachable, duplicative, and all about pattern recognition.”

Click here to read the full article on Profile Magazine

e-commerce

B2B E-Commerce – 9 of the Best Practices for a Great User Experience

With the expectations of B2B buyers increasingly shaped by their consumer behavior in the B2C realm, it’s time for B2B businesses to take a closer look at the kind of user experience they’re delivering online. The fact is that B2B businesses can no longer afford to fall short when it comes to the user experience. Sophisticated B2B buyers will simply take their custom elsewhere if a B2B seller – or, more specifically, their online e-commerce platform – does not measure up to the customer-centric standards that major B2C sellers like Amazon have mastered.

So how can B2B businesses capitalize on this opportunity to better serve their customers by designing and delivering a quality user experience? Keeping these nine best practices in mind is a great place to start.

  1. Ease of navigation

website 3-commerce

Businesses might be tempted to get fancy with a website’s appearance or features. However, it’s vital not to overlook the main reason why buyers have come to the site in the first place: to find or research a particular product or service. That means that the top priority for a B2B e-commerce site is to make it easy for visitors to find what they are looking for. Navigation features like hierarchical product categories and product filters are obvious but essential elements here.

  1. Intuitive search features

Another user-friendly element that makes it even easier for visitors to navigate a B2B website is the use of intuitive search features. Autocompletion can increase the power of a user’s search significantly. Incorporating common product synonyms in descriptions ensures that no search falls short because of language differences. Ranking results by popularity helps deliver the most relevant information quickly.

  1. Superior product images

B2B buyers not only want to find what they’re looking for easily, they want to see it as well, preferably in a manner that’s as representative of real life as possible. This not only means ensuring that users can zoom in on product photos and view multiple images of the product from a variety of angles, it also means including images of the product in real-world settings to provide much-needed context.

  1. A variety of shipping options

Despite the fact that shipping is a key determination in the success of a B2B transaction, it’s an element that many B2B businesses tend to overlook. The most important best practice here is to offer numerous options to satisfy different customer needs.

package delivery

Some customers will prioritize discounted or free shipping (particularly once a certain spend threshold is reached). Others are prepared to pay extra if that means they will receive their product faster. Still others focus on shipping options that give the customer added control, like the possibility for deliveries after business hours.

  1. Real-time product availability

Timing plays a major role in B2B e-commerce transactions. Seeing that product stock is down to its last few items increases the customer’s sense of urgency and reduces decision-making delays. Simultaneously, it helps manage customer expectations and increase communication and transparency.

Even when products are out of stock, it’s still possible to deliver a great user experience. For example, try allowing users to sign up for an automatic notification that will alert them when the desired product is back in stock.

  1. Flexible payment options

B2B businesses can greatly increase their chances of making a sale – and help make things easier for their buyers – by offering numerous options for accepting payments. This is especially important in the B2B realm, as B2B buyers often require purchase approval from more than one source and may be making purchases from multiple accounts.

B2B e-commerce sites need to be able to easily provide invoices and purchase orders, and to accept payment via check, credit card, or third-party options like PayPal or Google Wallet. It can also be useful to provide regular clients with a corporate account.

  1. Wholesale pricing

Given the varying needs of B2B buyers, having a back-end that is optimized for transactions at both the retail and the wholesale level is an absolute must for B2B e-commerce platforms. Some of the most important features to include here are personalized pricing options according to sales volume as well as custom logins for buyers and pricing options based on those logins.

  1. Custom discounts

According to research from Bain & Company, pricing is the single most important factor in determining a B2B company’s profits. As a result, B2B businesses need to pay careful attention to the complex issue of how their products are priced for each customer.

discounts

Custom discounts can make an important contribution to a B2B business’ bottom line. Try including introductory pricing for new clients, volume discounts that incentivize large purchases, and legacy pricing to reward and retain long-term customers.

  1. The human touch

B2B buyers don’t want to make purchases from a faceless corporation, they want to feel like they are buying products from real people. To bring this element of human connection to the B2B space, B2B businesses need to be very deliberate in how they communicate with their customers. Reducing the use of jargon and replacing it with genuine messaging can go a long way in helping B2B buyers feel like they’re dealing with people and not a robot.