Posts Tagged ‘business’

Online shoppers expect service comparable to in-store experience, research reveals

Saturday, July 13th, 2013

Australian online businesses that think of their cyber stores as automatic vending machines need to start rethinking how they conduct business over the internet, a new survey has found.

Customers now expect to be able to get help immediately when they need it and will abandon an online transaction if that help isn’t timely.

The survey, conducted by marketing group Loudhouse on behalf of LivePerson, a provider of customer management software, found 87% of shoppers said they need some form of help during an online shopping transaction and 25% of Australian respondents to the survey expect help immediately when requested.

The main reasons for abandoning a purchase include:

  • unexpected costs at 69%
  • lack of information at 59%
  • navigation difficulties at 52%
  • not being able to find answers to questions at 44%.
  • difficulty in getting help on a website at 36%.

Out of the 1000 respondents, 79% said they prioritise getting their issue resolved quickly, and 55% want that done in a single interaction — 62% want a problem resolved within a five-minute timeframe, and 54% would give up immediately or only seek help once.

Dustin Dean, vice president of Asia-Pacific at LivePerson, said Australian online businesses should start offering the same type of service that is offered in more traditional retail stores, which includes investing in Live Chat options where customers can get instant access to staff to help with questions and resolve issues.

“I think you have to offer the richness and the depth of the experience of the storefront — especially given access to information now is just so rapid,” Dean says. “This is not simply about making a one-time purchase. You need to create relationships with customers and create an experience that enhances the shopping.”

To read more on this story, click here.

CatchoftheDay reveals why it sold its wine site

Friday, July 12th, 2013

Coupon site CatchoftheDay has sold its wine-based acquisition Vinomofo to a small group of anonymous Adelaide investors just over a year after acquiring the wine website, saying it was a business incubator project through its Sketchbook Ventures program and it had reached the point where the business could thrive with new investors.

Vinomofo co-founder Andre Eikmeier recently told SmartCompany that the Vinomofo founders also missed their independence, and saw an opportunity to grow beyond the CatchoftheDay model.

“Catch was pretty hands-off and encouraging, it wasn’t like a dictatorship or anything. But we started to get a feeling that…as our appetite grew, we looked at moving on from the group. It was a change in focus.

“It wasn’t the original plan,” he says, although places a caveat on this by saying the sale process has been amicable. “It’s beyond amicable.”

Vinomofo’s founders have kept a majority stake in the company, while CatchoftheDay has sold its entire interest in the company.

To read more on this story, click here.

Business Spectator launches online magazine

Thursday, July 11th, 2013

Business Spectator has launched an online family business magazine, appropriately titled Family Business Magazine.

The magazine will be available available online and through the Apple newsstand each month.

Produced in collaboration with Family Business Australia, the magazine will features family business profiles, which will take a close look at a particular family’s business journey, celebrate their success and allow other businesses to learn from their experiences.

To read more on this story, click here.

Scoopon gets hit with accusations of cheating

Thursday, July 11th, 2013

The Australian Competition and Consumer Commission (ACCC) has levied accusations against online coupon website Scoopon in Federal Court. 

The ACCC has alleged that Scoopon engaged in misleading and deceptive conduct and made false and misleading representations to businesses and consumers.

The ACCC alleges that Scoopon:

  • misled consumers regarding their ability to redeem vouchers, their refund rights and the price of goods advertised in relation to some of its deals;
  • that Scoopon told businesses there was no cost or risk involved in running a deal with Scoopon, when a fee was in fact payable to the site, and;
  • that Scoopon misled businesses by claiming that between 20 and 30% of vouchers would not be redeemed, when there was no reasonable basis for this representation.

The ACCC is seeking declarations, injunctions, community service orders, pecuniary penalties and costs in the Scoopon case.

To read more on this story, click here.

Online business matures in Australia in 2013

Tuesday, July 9th, 2013

2013, although only half over, has been heralded as the year when online retailing in Australia grew up. Even people who were decrying online retailing just a few years ago have come to realize that it’s an essential part of a business plan now and businesses that started online are growing in leaps and bounds.

Telsyte senior research manager Sam Yip says, it’s been a “very big year of change”.

“There have been players early in the space that have dropped out, and a lot of bricks-and-mortar retailers are doing more.”

“We’re not hearing any more Gerry Harvey stories; everyone acknowledges that this is the channel to be operating in.”

Even Australia Post is acknowledging the change, altering its operations to accommodate the influx of parcel shipments it now has to deal with because of the online retail boom.

Now that Australia has embraced online retailing, Yip says, platforms like mobile are up next.

But first, the actual logistics of online selling have to be perfected.

“The other big challenge here is around delivery,” Yip says. “In the past year we’ve seen horror stories of where logistics have gone wrong, with people getting wrong orders all the time.”

“There’s a need to really refine that back-end logistics functionality.”

Considering traffic data from Experian, revenue, and noteworthy achievements (and excluding local divisions of global companies, such as Apple and Amazon, along with auction sites such as eBay and Gumtree), the top 20 online retailers of 2013, in no particular order, are:

  • Kogan
  • Milan Direct
  • Catch of the Day
  • Booktopia
  • JB Hi-Fi
  • Officeworks
  • Specialty Fashion
  • Big W
  • BrandsExclusive
  • The Iconic
  • Shoes of Prey
  • DealsDirect
  • Get Wines Direct
  • Groupon
  • Ozsale
  • StyleTread
  • Dick Smith
  • Appliances Online
  • EB Games
  • Westfield

To read more about this story, click here.

SEO out, social media in as ways to attract customers for online business

Monday, July 8th, 2013

SEO, the once all-powerful method of attracting online customers, has been demoted to co-star in the online marketing realm, as social media takes over the starring role.

According to Mark Gustowski, the global business development manager of Pyksis, SEO is just a small facet of online marketing now when trying to grow your customer base.

Much more effective is social media tools like Facebook, Twitter, Pintrest, Tumblr and LinkedIn because they offer the opportunity for customer engagement.

Using Twitter as an example, Gustowski says companies can now actively look for potential customers using these social media tools. An online retailer of virus protection software, for example, could use the hashtag (#) search function in Twitter for finding people who have been hit with a virus (#computervirus or #virus) and then further narrow the search to a certain geographical region and then talk one-on-one with those potential customers via Twitter by tweeting to them.

The important thing to remember, Gustowski says, is that social media is all about engagement rather than the ‘hard sell’ and customers should be approached in a conversational manner.

To read more on this story, click here.

Online discount party supply store brings in big bucks for stay at home mum

Thursday, July 4th, 2013

When stay at home mum Kristy decided to have friends purchase children’s party supplies and ship them to Australia so she could re-sell them in the country, she was only expecting to take in maybe an extra $50 per week.

Well, she’s getting a lot more than that, bringing in a tidy six-figure profit every year.

Starting out with an eBay story, she eventually switched to selling from her own website www.discountpartysupplies.com.au and started pulling in a quarter of a million dollars, all from her spare bedroom and all without borrowing a single cent.

To read more about this story, click here.

Australia is world leader in online startups

Wednesday, July 3rd, 2013

Australia is leading the way across the globe for new online businesses.

The amount of internet start-ups increased 200% from 2010 to 2012, outpacing both the United States and Britain by four times. However, that doesn’t mean that these new businesses are automatically booming. Many of them incur losses in the first few years of operating until they gain momentum and start making profit.

To read more about this story, click here.

 

 

Freelancer pushes competition out of the way to become best

Wednesday, July 3rd, 2013

With $50 million in revenue, Freelancer.com, started in 2009 by Matt Barrie and stationed in Sydney, has overtaken its competition to be the go-to place for businesses to find top notch freelance contractors and for those contractors to find work.

Recently, the website made headlines for expanding its innovative crowdsourcing contest feature beyond design categories to include projects in any category.

To read more on this story, click here or here.

Website retailer rakes it in buying and selling virtual properties

Tuesday, July 2nd, 2013

Flippa is the premier site in the world dedicated to being a marketplace for buying and selling websites.

Founded in Melbourne in 2009 by Matt Mickiewicz and Mark Harbottle, the site has over 200,000 registered users buying and selling websites.

To read more on this story, click here.