Convenience. We value it more than I think we sometimes realize. We’re willing to pay more for it, and we’re willing to sacrifice quality in exchange for it. So it stands to reason that delivering convenience for our customers can lead to a pretty profitable equation for retailers.

The threshold for inconvenience continues to get ever lower. We often complain about how many clicks it takes to get to what we’re looking for on a web page. Think about that for a moment. The energy required to cause our index fingers to press a button too many times is irritating. Some might say it’s not the energy, it’s the time. OK, fair enough. Then the “waste of time” threshold starts kicking in when we are forced to wait three to four seconds for a page to load. We’re busy! We haven’t got that kind of time to waste!

But this post isn’t a social commentary. It’s about recognizing an opportunity to serve customers and grow our businesses.

So, how can we focus our businesses on the convenience opportunity?

“Defending the status quo is what kills companies.” That insight from Rich Teerlink and Lee Ozley’s More Than a Motorcycle rings just as true now as it did when they wrote it in 2000. They described how Harley-Davidson didn’t wait for a crisis to change—they transformed their culture right after a financial turnaround when the company was being praised for its success. Most would have stayed the course, but Harley knew that holding onto the status quo is the surest way to fail.

In today’s fast-moving world, companies that cling to “what’s always worked” run a serious risk of being overtaken by more nimble, customer-focused competitors. The names of companies that didn’t evolve—Kodak, Blockbuster, Nokia, and much of the music industry—are stark reminders of what happens when businesses fail to adapt to new realities.

Focusing and delivering on all layers of the Employee Hierarchy of Needs can lead to the type of employee satisfaction that leads to customer satisfaction and big profits (investor satisfaction?). But there’s no question that it takes constant focus and a lot of hard work.

Most digital commerce channels are still achieving single digit conversion rates even though customer intent-to-purchase rates are 20% or higher in most cases. Customers are continuing to run into obstacles to the purchase process that need to be eliminated. The good news is that during this time of limited capital investments, retailers can use low cost means to find and eliminate as many obstacles to purchase as possible.

The first step is to get into the right mindset and remove what I feel is the biggest disconnect with the customers that many retailers have:

We’re way more comfortable and experienced with our own sites than our customers are.

We use our sites every day, and we know exactly how they’re supposed to work. However, our customers are generally nowhere near as familiar with our sites as we are.

The Customer Engagement Cycle plays a central role in many marketing strategies, but it’s not always defined in the same way. Probably the most commonly described stages are Awareness, Consideration, Inquiry, Purchase and Retention. In retail, we often think of the cycle as Awareness, Acquisition, Conversion, Retention. In either case, I think there are a couple of key stages that do not receive enough consideration given their critical ability to drive the cycle.

The missing links are Satisfaction and Referral.