Posts tagged Consultancy
E-commerce and its multi-channel adventures!
‘Multi- channel’ has become a bit of a ‘Web 2.0 buzz word, but it has become one of the most expansive sectors in e-commerce. ‘Multi Channel’ (we shall call it MC 2.0 for comedic slogan purposes only) can involve a retail organisation having several touch points for interactions with customers and also several competitive routes to market. Large traditional ‘Bricks and Mortar’ (apologies for my over use of apostrophes this evening) companies have expanded to incorporate several channel for example Next Retail
Next have:
- Walk in Stores
- Paper mailing catalogue (which is also present in the store to showcase the full range of products)
- Online Shop
- Call centre operations
- Affiliations with comparison shopping engines, pay per click advertising, shopping directories as well as other new media advertising.
To complete the set they should think about marketplaces such as eBay. They may be satisfied with their end of season re-sellers already on eBay.
In response to this expanse in retail channels, companies specialising in total retail solutions (such as Channeladvisor,Marketworks, Venda and Truition) have spawned from the far corners of the earth. These systems incorporate as many product to consumer channels from one platform as possible, providing a custom branded system. These systems are also available (and mostly piloted by) the smaller virtual retailer. Many of these smaller retailing business have taken such a slice from the high street that the larger players had to respond to the drop in sales.
Going MC 2.0 is about opening up your offerings to different markets as well as your products being available across all channels.
Retailers should be looking to synchronise the service level across all channels. All channels should be fully integrated with existing systems and correctly aligned across:
- Price (even though some companies have set up separate branded channels to be more competitive on-line without being detrimental to their high street trade)
- Promotions
- Gift Vouchers (should be able to be used off-line and on-line)
- Terms and Conditions
- Order process and Returns
A customer likes a single experience across the various channels.
One department should administer all channels to the consumer, as a customer does not like to be passed from pillar to post with their queries about a product or order.
And this is the end for ‘E-commerce and its MC 2.0 adventures’ for now!
How E-business can be used for competitive advantage
There are many opportunities within business to move products and services on line. The internet gives you a better reach, both nationally and internationally at a low cost compared to bricks and mortar. The internet has a richness about it. You find more detailed information on products and prices from many companies and you need your business to show up against your competitors. You might have the better product at cheaper price, but without the knowledge your customers will continue to buy elsewhere.
Moving a service or product on line enables interactivity and customisation to engage your customers, as we know very well the impact of social media on today’s adult population, with the myspace and facebook generation.
Affiliation should not be shunned by an e-business. An organisation with rich links to other compatible companies or organisations will be able to gain a larger reach and influence.
Encouraging your customers to use on line services will reduce costs while providing a new, convenient channel for purchase and customer service. On line your customers are only a mouse click away from your competitors so you need to make sure you build last relationships with your customers. This statement can be a generalisation in some cases as customers or suppliers will generally lock themselves in after learning to use a system or website as the switching costs can be high.
Take the Marketworks and ChannelAdvisor example. Both are on line auction and e-commerce management systems. Marketworks has the poorer product, which was less reliable but high end retailers were locked in because of the cost of switching from one system to another.
This is now however not a problem for Marketworks Customers wishing to switch!
There are some limitations to your e-business and problems will arise. For example in customer service, emails need to go directly to the person concerned within your business and not just ignored. This can damage a companies reputation as your customers will share their experiences on-line in forums and message boards.
Your services are limited by bandwidth, the amount of information that can be presented to the customer at any one time. A website can become unreliable at peak traffic times, and after certain events such as the Olympics and the World Cup if you products are relevant. Your information has to be accurate and reliable, constantly updated to meet the customer needs and changes within the marketplace. No e-business can rest on its laurels.
Security and protection of customer data is an on going problem which you will have to keep on top of.
Go Cubecart Go – E-commerce Software ROI
Well on Tuesday evening I completed my new CubeCart 4 store, and by Thursday evening it had made back its purchase price. I doubt there are many systems that I could say it takes less that three days to see return on investment. This includes the price of the security certificate too.
A small targeted adwords campaign (costing me £3 in clicks) made sure that I drove a bit of traffic to my new URLs ( ALL the site URLs have been changed to text URLs. I am still fearful of this as SEO efforts will be temporarily effected by this change)
Support was lightning fast. Being in customer support for the last 2 years, its nice to remember what it is like to be the other side of the fold.
I also created a new google sitemap pronto and changed all the links to individual products in the blog associated with the site. Its only a hobby site targeted at a niche market, but I feel absolved for investing the money into the site this week.
New Technologies and Virtual services – Virtual Personal Assistant
My cousin has been a PA to the stars in Dubai…..well to managers at Hewlett Packard and Dell for the past 13 years, but has now decided to come back to the UK in the Spring. The cats have their passports so it is a serious move. Jane is going to set up a ‘Virtual PA’ business which I have already purchased the domain and set up an email address for her.
I will be very much involved in the set up of her website and helping her deliver her services with the new technologies out there. E-commerce is not just about products, its about virtual services also.
The website will be http://www.virtuassist.co.uk
I have decided to charge to cover costs on this project, as it is going to involve a lot of training also. I don’t think £20 a month for web mastering, setting up the site, marketing, script and email maintenance is asking a lot!