Posts Tagged ‘Australia’

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.

Diamond store makes successful jump to online retailer

Friday, July 12th, 2013

Diamond Emporium is now an online retailer of handmade engagement rings, but it didn’t start out that way.

Currently run by Gus Hashem, the store originated as a small jeweler in Lebanon in 1977 run by Hashem’s father, Simon. The family immigrated to Australia in 1988 where Simon continued the business and Gus joined in 2006 with the intention of taking it online. That has proven to be a highly successful endeavour.

“We didn’t have a succession plan, it was just a small business. When I joined I worked on developing the web site and moved the business into the [Sydney] CBD. We rebranded as Diamond Emporium and launched the site in 2010,” says Gus.

Gus also changed the focus of the business to selling diamond engagement rings as opposed to selling handmade chains, which was a dwindling market.

He says Diamond Emporium has experienced double digit growth since 2010 and anticipates further growth in the future. “People think retail is tough but there are great opportunities for businesses willing to make changes. But businesses like ours that are based on technology have to run like a well-oiled machine.”

Diamond Emporium moved away from its traditional bricks and mortar operation to a more online centered offering, in part to keep overhead costs low.

Although the company still has office space in downtown Sydney where it meets clients, the operation is now mostly online.

“Our main focus is now online. We launched with a search marketing campaign and calls started coming in straight away. I think we were one of the first fully functional web sites where you could view and select diamonds and engagement rings,”says Gus. “The key has been providing transparency around pricing. All our prices are available online and discounted from the full retail price.”

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.

Happy Birthday to WooThemes!

Thursday, July 11th, 2013

OPMC wishes the team at WooThemes a Happy 5th Birthday!

The WooThemes team is just hitting their stride at the moment, having recently celebrated the milestone of 1 million downloads.

As WooTheme’s Mark Forrester said himself; “To be an online business and to make it to 5 years is an achievement in itself. To be 5 years old and to be experiencing our best growth month-on-month yet is testament to the team that powers our product offering.”

They are celebrating their fifth birthday with the release of the new ‘Memorable’ theme.

Again, Happy Birthday to WooThemes!

To read more about this story, click here and 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 store lets Aussies buy American without the huge markup (also rakes in money for mum)

Friday, July 5th, 2013

Started in 2007 by Dr Carolina Tillett in Bendigo, Price USA is a site that lets Australians purchase things from the USA helping them to save a lot of money and allowing them to purchase items only available in the USA.

Working with partners in the USA, Price USA simply asks customers to fill out an order form on the website indicating what they want and from where. The US-based agents then buy the goods, package them up and ship them straight to the customer’s door.

Tillett charges the buyer 5 per cent of the total order price to handle the transaction and is raking in close to six figures every year from the comfort of her own home with relatively few business costs.

For more on this story, click here or 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.