Why as a small commerce business should I co-create a solution together with a digital expert or small digital company?

  • Access to Expertise: Co-creating with a digital company provides access to specialized expertise, knowledge, and skills that can help to develop effective and efficient solutions that are tailored to the specific needs of your business.
  • Reduced Risk: Developing and implementing digital solutions can be risky, as you might not have the necessary resources or experience to ensure successful implementation. Co-creating the solution with a digital company can help to reduce the risk of failure, as they can provide guidance and support throughout the process.
  • Faster Implementation: Engaging in a co-creation process with a digital company can help to speed up the subsequent implementation process, as the digital company will have a clearer idea on the needs of your business.
  • Cost-Effective: Digital companies often have the infrastructure and resources in place to develop and implement digital solutions quickly and efficiently,.
  • Scalability: Co-creating with a digital company can help to ensure that the solutions developed are scalable and can be adapted to meet the changing needs of the business as it grows.
  • Fresh ideas & perspectives: Ideating digital solutions without involving a small digital company can result in solutions that lack innovation and creativity. A small digital company can bring fresh perspectives and ideas to the process, which can result in more innovative and effective solutions.

And why as a small digital business should I engage in a co-creation process with a small commerce business, instead of just selling my product:

  • Market Insights: Co-creating gives you access to market insights that can help the you to develop products and services that meet the specific needs of the market (beyond the company you are co-creating with). This can lead to more effective and targeted solutions.
  • Improved solutions: Combining the knowledge, insights, and skills of both parties can lead to more innovative and effective solutions.
  • Increased Sales: Developing solutions that meet the specific needs of the small commerce company can result in increased sales, as the developed solutions are more likely to be adopted by other small commerce companies.
  • Reduced Risk: There is no guarantee that your products or services will be successful in the market, through the co-creation process you can reduce the risk of failure, as the small commerce business can provide guidance and support on what the market needs.
  • Improved Customer Relations: As an outcome of the co-creation process, you are more likely to meet the specific needs of the small commerce business, which can lead to increased satisfaction and loyalty.
  • Competitive Advantage: Developing solutions that are tailored to the needs of a specific type of sector or company can provide a competitive advantage in that particular market segment.
  • Standing out: Offering focused products or services for a particular type of company or
  • market segment,  can make a  small digital business to stand out from the competition.

It is clear why for both types of businesses the co-creation process brings many advantages.

The European Commission support for the production of this communication does not constitute an endorsement of the contents
which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made
of the information contained therein
2021-1-LU01-KA220-VET-000035648