Apr 14

PayPal is widely maligned but for me it has got one huge thing in it’s favour - I know it, it’s in my Pod!

I spend my time preaching about the value of consistency and familiarity but seldom do I get such a violent reminder as I did a few weeks ago. Having bought a few things on eBay I was going through the process of bulk paying for them when  I was stopped dead by one item that required me to go through a “channel partner”. This was a nightmare; I wanted to go click, click, click to pay for my stuff in my familiar way and now I had to look, search, read, learn.

Yuk!

Keep it simple = keep it familiar (unless you can improve on it - lower sellers fees is not an improvement, ever)

Jan 21

In a monthly e-commerce “conversion olympics“, the winning team achieved a 24% conversion rate. Not bad: in fact its 10 times the average of 2.4%.

The figure of 2.4% comes from shop.org. According to their survey, if you are converting at better than 10%, you are in the elite top 7% of e-commerce websites.

That’s at the top of the table. At the bottom end of the food chain, plenty of sites are chugging along at below 1%. And an interesting 9% of websites do not even know their conversion rate.

Possible reasons behind this are:

  • Don’t know what conversion rate means.
  • Don’t know their own conversion rate.
  • Do really know - but it’s a secret.

In fact for a lot of e-commerce firms, their conversion rate is their big competitive advantage. If you have similar gross margins as your rivals, similar costs, then the only thing left is your conversion rate. A better rate means you can bid more for Google AdWords, run more banners, send more e-shots. This means it’s a good idea to keep it secret.

So the measure of a good conversion rate is: better than your competitors, and trending up. Maybe think of a bricks-and-mortar supermarket: what’s their conversion rate. 99% ? 99.9% ?

Aug 6

Here we go again, bloody marketers spouting on about users and now we have to have a seamless experience. I know what they mean but they’re sort of missing the point, we need to remove all pointless and useless seams - these are a right royal PITA and need to go. Clothing manufacturers worked that out a long, long, long time ago - putting extra seams into clothes was expensive, made them uncomfortable and more to the point who would do it on purpose?

Brought in a new media translation what these “bravehearts” are suggesting is the bloody obvious - of course we need to remove tedious stages in e-commerce and of course we need to have systems that remember you and your details to save you time but come on. Can they really hang their hat on something they should be doing anyway? Not likely, in my book.

Seams are good, attractive and can flatter
Well, that’s a thought - that’s how they are used in the clothing world so is there a way to make seams in the e-world behave similarly? Well, a little creative thinking and you’re away - maybe when you are halfway through the checkout process (where many people still leave the process) a nice bright, intrusive element appears thanking them for valued time and custom and promises a little surprise at the end of the process. Seamless might work to avoid decreases buying momentum but there are lots of things we can do to increase the momentum - why do we assume that our checkout process is so bad that it will put people off?

So, don’t take the new credos at face value - the real sentiment behind the idea is about the reduction of friction in the buying process but if you can make the checkout process part of the value then you will have to have seams.

Me? I like the seam on the front of my jeans-fly - without It would look very strange with the zip showing although it would be seamless.