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Some Recent Highlights of KikScore Making News

We just wanted to highlight a bit of the coverage we have received recently and send out a special thank you to those great folks that took the time to cover KikScore.  As you all know we are a bootstrapped startup so we do not have any real budget for PR so all of our PR efforts are self-generated and the coverage has been really organic.  In all honestly it has been pretty cool to see our efforts get recognized by some of the most respected sites in our industry.  Now that I think of it,  I will follow up with a blog post in the near future on how startups and small businesses can generate their own PR and increase their chances of being covered.  I think there are some nice lessons learned and some tips from our own experience and I will be happy to pass that along to the community.

Here is some of the coverage:

1. How to Give Online Shoppers Confidence in Your Website at SmallBiz Trends.   Special thanks to the always awesome and fabulous Anita Campbell for this fantastic piece that covered us.

2. Trust is Critical When You Date, Bungee Jump and Sell Online on Business Insider.  We have to give a special thanks to the man who has endless energy, passion and drive for all things small business, Ramon Ray for this write up.

3. KikScore Named Best of 2011 SmallBizChat Interviews by the SmallBiz Lady.  Melinda Emerson who moderates that super informative #SmallBizChat every Wednesday on Twitter from 8-9pm named KikScore as one of the top 10 chats of all of 2011 and put us in the same company as Anita, Guy Kawasaki, Tai Goodwin and Pierre Dubois who also made this prestigious list.

4. KikScore Online Trust Survey Finds Information Sharing Leads to More Trust at the fast growing startup blog TechCocktail.  We have to send a special shout out to Frank Gruber, Jen Consolvo and Shashi B at DC-based TechCocktail for this great write up.

5. Launch Story: From Business Affairs & Legal Executive to Ecommerce CEO at one of our favorite sites Launch While Working.  Thanks to the amazing Tai Goodwin for this write up and for all the support she has given KikScore.  Please make sure you look out for her book that every person who works in Corporate America should buy and then read – The Employedpreneur Plan: How to Launch Your Business Without Quitting Your Day Job.

We hope to keep up this pace of having KikScore in the news, but for this go around we send out our incredible gratitude and thanks to the great bloggers and websites that covered KikScore over the last few weeks.

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Shoppers Trust Businesses Who Share More Information – KikScore Online Trust Survey Finds

We are excited to announce our first KikScore Online Trust Survey.  Since we are a business that serves the small business community we wanted to learn first hand what shoppers and website visitors are saying about their browsing experience, especially how it relates to small business websites. The KikScore Online Trust Survey provides an overview for small businesses, shoppers and the greater community about trust and reliability trends. It especially focuses on how consumers approach the trust and credibility issue as they perform local searches for small businesses in various search engines.

The Context and Background for the KikScore Online Trust Survey

Really since the inception of the internet, small businesses have faced the constant challenge of proving that they are trustworthy and reliable online businesses and website visitors should trust them.  Lacking the large marketing budgets and brand names, small businesses face the battle of demonstrating to website visitors that they are legitimate and trustworthy businesses.  This online trust challenge has resulted in billions of dollars in losses for small businesses.

Recently, to add to this challenge that small businesses face is the rise of local search.  As more consumers perform local searches on Google and Bing, search results are returning more and more small local businesses.  Website visitors have the increasing opportunity to visit small business websites of plumbers, realtors, contractors, lawyers and local stores such as dry cleaners and transact on many online small business websites.

We set out to study what are the trends for shoppers as well as small businesses for demonstrating trust through both local search and online shopping.

The KikScore Online Trust Survey & Report Findings

Here are some of the key findings from our report:

1. The fear of being defrauded or a victim of an online scam has led more than 90% of consumers that shop online not to complete a transaction;
2. 87% of website visitors feel safer buying from websites that feature information about the business and the track record of the business;
3. 85% of website visitors that perform local searches are more willing to hire a small business service provider that has a trust seal on their website;
4. Over 60% of website visitors are more likely to buy from a website that posts information and details about the management of an online business; and
5. More than 90% of website visitors that perform local searches are more willing to trust a service business that posts information on their website about their business history and track record.

Key Implication from the Online Trust Survey for Small Businesses – More Information Means More Sales

The main takeaway from the Survey is that website visitors want to know who is “behind the online business” and information about the business itself.  Further, the data indicates that one way to combat the online trust challenge for small businesses is to address the information asymmetry that exists between website visitors and small businesses.  The recurring theme through the data from the report is that local searchers and shoppers want transparency through reputational information when they reach a small business website. This finding tends to makes sense from a layperson’s psychological approach to approaching something unknown.  From a human relations perspective, once a person finds out more information about a previously unknown subject/person, that person then can make a much better assessment about the credibility and trustworthiness of that subject/person.  The same approach generally holds true for a website visitor to an unfamiliar online business.

From this key finding, the KikScore Report provided these following recommendations for small business to act on to start addressing the information asymmetry:

1. Start providing key information about your small business on your website;
2. Important information to provide can include, details about the management team, financial history, location information, website history and security information, customer service and privacy policies, certification and awards and introductory videos;
3. Display real customer feedback and testimonials about a shopping experience or your customer’s experience hiring your small business to provide a service; and
4. Using and displaying a trust seal(s) that help you show website visitors that your business has been validated and provides information about the reputation of your small business.

The important point for small businesses from this report is to use these four steps outlined immediately above as a way to use information about your own business, your management team, your own track record and make that transparent to website visitors.  These steps will help small businesses address the online trust challenge and directly help balance the information asymmetry between website visitors and small online businesses.

Case Study: PaybaQ Proves the Importance of Displaying Reputational Information

As a part of the Report, KikScore included a case study from a small business that had already implemented the recommendations above to provide an illustration of how one small business owner successfully tackled the online trust challenge.  The case study is of Brian J. Esposito the CEO and founder of PaybaQ.

Shortly after launching PaybaQ, a peer-to-peer lending site, Mr. Esposito faced low signups, abandoned shopping carts and abandoned registrations.  Mr. Esposito, being a prior Inc5000 listed business owner, sought to use his own reputation as a way to show website visitors his website was trustworthy and reliable.  After Mr. Esposito signed up for KikScore and started using the KikScore Confidence Badge to provide more information about his track record as a business owner and also offer a way to provide feedback, PaybaQ experienced a 20% increase in conversions.

As seen from the increase in PaybaQ’s conversions after using the KikScore Confidence Badge to display reputational information about the business owner, management team, website and policies, information transparency is the fundamental method for small businesses to demonstrate trustworthiness and achieve success online.  Mr. Esposito noted: “Immediate access to information and transparency into any company is crucial, especially startup small businesses.  Implementing a seamless solutions on PaybaQ.com gives my potential users exactly what they need, a quick snapshot of my company, team members, and even myself.  This tool helps show browsers who find our site through Google and Bing that they are on a safe credible site that they can trust.”

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Mobile Shopping is Going Viral this Holiday Season!

With only 11 shopping days left until Christmas, shoppers need all the help they can get this holiday season while trying to find the best deal on the perfect gift for their loved one.  This year more shoppers than ever before are using their smartphones to find the best deals while they are in stores around the country and even at home and work.

Pricegrabber just released these survey results last week of 3,574 online consumers in the United States.  According to these results, 39% of all respondents have a shopping-related application on their smartphone.  Out of the respondents with a shopping application on their phone, 56% indicated that they have these applications on their phone because they believe they get the best prices using mobile shopping applications.

These numbers show a staggering increase from just 1 year ago when I wrote this KikScore blog post that talked about a Wall Street Journal article that indicated that only 5.6% of consumers used a mobile phone to price compare while on the go.  The WSJ article referenced in the aforementioned blog post also says that only .1% of consumers used a mobile phone in this way in 2009.  As you can see from these numbers consumers are continuing to increase their use of smartphone mobile shopping applications at an exponential rate!

So, what are merchants across the Unites States doing in response to these legions of mobile smartphone shoppers?  Unfortunately, the answer is still “not very much” at this time.  Again, like I mentioned in my blog post last year, I still cannot walk into a Best Buy, use my smartphone to find a better price on an item online and get the store to match this price.  Many bricks and mortar stores are still having a problem reacting to this new wave of technological advancement in the pocket of the U.S. consumer.

According to this article in the Chicago Tribune, some retailers like Macy’s and J.C. Penney are starting to react to these mobile shoppers by streamlining their mobile websites, creating custom shopping applications, and increasing the speed and efficiency of their sites.  In my mind, however, this is just the very basic levels of catering to the mobile shopping consumer and great strides will need to be made in the coming years in order for this new bread of consumer to be on the same page with these large retailers in the U.S.

Have you had a positive or negative experience while using a smartphone with a mobile shopping application at a retailer?

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SmartCEO Magazine & Ecommerce for Beginners Features KikScore

We just wanted to take this opportunity to send a shoutout to two great publications that featured KikScore recently.  We had the honor of being featured in Rachel Cieri’s article in SmartCEO in October called Good, Bad and Uncertain – As the Internet Changes So Does E-commerce.  We were able to give our feedback and some lessons learned to SmartCEO magazine and Rachel on our experience at KikScore being an e-commerce company and also serving small businesses.

Also a special thank you to JP Jones at the Ecommerce for Beginners Blog.  JP did an awesome interview of KikScore where she allowed us to tell the in-depth story behind KikScore, the biggest obstacles we have overcome, marketing tips for small business, how we handle customer service and so much more.  Check out our interview and so many other small business interviews on the Ecommerce for Beginners Blog.  We recommend JP’s blog for regular reading for all small businesses!

Many thanks again to JP and Rachel for showcasing KikScore.

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Congrats to Our Longtime Customer PaybaQ on 2011 W3 Award for Their Innovative & Unique Website

Over the weekend we found out that our long time customer, PaybaQ won a very prestigious W3 Award for outstanding website design.  Paybaq was selected by W3 from over 3,000 entries. The founder of Brian Esposito has been a longtime KikScore customer and proudly displays his KikScore seal on PaybaQ’s website.  PaybaQ is a new age micolending site that has been growing fast and is getting a lot of attention. His KikScore seal has actually helped him increase registrations and sales on his award winning site over 20%.

To find out a little more about PaybaQ, Brian and his CTO Peter Hermsen told us their small business story just last month in one of our most highly read interviews on this blog!  They are clearly on a roll and this great award is just one further step in the growth and development of PaybaQ. Here are the details on the award that PaybaQ received.

Congrats Brian and team.  Keep it up!

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Online Trust Gets More Validated – Google Introduces Trusted Stores

Google just announced a program called Google Trusted Stores. That means that Google has officially joined the trust seal party (see post at DIY Marketers site on the range of trust seal options).  From the information that is available from Google along with the 50 second video on Google Trusted Stores, it looks like Google has seen the same issue many folks see shopping online and are trying now to help address that.  Which stores, especially which small business stores, can you trust when you want to buy online?  The data about shoppers online trust concerns is convincing that there is still a concern that shoppers have when buying on the internet and to top that off 7 out of 10 shopping carts are abandoned.

So Google’s Trusted Stores appears to do the following items:

1. Trust By Association with Google – This service puts Google’s name on your store website – another trust by association for small businesses.  You trust Google so you should trust our store.

2. Google Tracks Product Shipping Timing – Google validates on time shipping for online stores – Does a store have a “high percentage of orders with on time shipping” and “low average days for product to ship.”

3. Google Tracks Customer Service Issues – Google will check to see are there a “high percentage of issues resolved quickly” and is there a “low number of customers needing assistance with an issue.”

4. $1,000 Purchase Protection - Google is going to offer to mediate if a dispute arises between a shopper and a Google Trusted Store and also the shopper will have the opportunity to opt-into getting purchase protection of up to $1,000 (in lifetime claims).

So what is new about what Google is doing in the trust seal space?  They are essentially monitoring, tracking and then in some manner validating shipping, delivery and customer service issues with a online store owners.  These are very important areas for shoppers and website visitors to find out information about prior to a sale, but there are still some areas that are missing as a part of the trust calculation.

Franky, Google looks to be focused on shipping and customer service issues, but does not really cover some other items that are important to the trust calculation for shoppers and these include:

1. Who is behind the website?

2. Where is the website hosted, is it in a country that has a high incidence of fraud?

3. Who is behind the business that runs the website?

4. Who manages the business and do they have a trackrecord of financial reliability or a propensity for committing fraud?

5. Does the business owner or business have any liens or judgements pending against them?

Incidentally, a lot of these questions are actually answered by sites that have a KikScore seal on their site.  So that also helps answer how is KikScore different than the Google Trusted Stores.  If you use KikScore, shoppers at online stores get a look into who is behind the business, the management, website history, customer feedback along with a dynamic and real-time trust score that gives shoppers an indication about whether level of trustworthiness for website owner. Here is an example of two customers: PaybaQ.com and Hand Law Offices.  So if store owners decide to become a Google Trusted Store, they should still look at using the KikScore seal to provide important elements of transparency to website visitors about themselves, their business and track record of success.

Interestingly, Google appears to be focusing on online stores, but small business of all types from lawyers, doctors, contractors, plumbers, bloggers etc can use a trust badge for their website so they can demonstrate that their service business is trustworthy (see Hand Law Office example above).  This is even more important with the increase in local search driving website visitors to new local service provider websites where they currently get little, if any, information about the local service provider beyond what may be on that service provider’s “About Us” page, if they even have one. We at KikScore offer a confidence badge for these types of non-ecommerce stores so that when website visitors locate and visit these small business websites the website visitors can make a determination whether these local businesses are trustworthy and have a track record of reliability too.

All in all an exciting day for our industry.

Please tell us how are you increasing your customer’s trust.

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Blurring lines: Facebook’s new additions and changes

Thanks to ahans for the pic!

Have you seen Facebook’s new features? They have features similar to Google and Twitter now. Recently Facebook has introduced lists that are supposed to sort close friends, family members and coworkers into lists.

Exactly how do they do that? I have absolutely no idea, but wouldn’t that be confusing? I mean if you’re like me and hardly use Facebook(I keep forgetting about it, like Twitter) then how does Facebook know who you consider to be close friends?

That’s not the only thing that’s confusing. Facebook  is allowing users to do Twitter status updates from Facebook. Now, in theory this might sound great but,…isn’t practically everyone on Facebook on Twitter too? Not only that, but people who follow you on Twitter and are your friend on Facebook will get the exact same status update. I don’t know about other people, but I’d find that annoying.

The other thing that Facebook is going to do is make its pages feature obsolete. This means that there won’t be a need for two separate Facebook identities.  Yeah, that’s great, but what if you’re a company? I’m pretty sure that you and your employers want to keep your personal profiles separate from your company one. Plus, if they become one big profile some people might get tired of all of the business-related updates and just not read your updates. (I personally know people who’ve done this because someone hasn’t made a separate page for their public profile.)

Yes, these all sound practical, but Facebook isn’t even giving users enough time to get used to the new features before they add the next one in. Facebook is rumored to be moving towards further integrating music and videos. This does not look like it’s going to stop anytime soon and my feeling is that soon these three will either merge or will become so indistinguishable from each other that soon you won’t know(or care) which one you’re logging into.

So what does this mean for small businesses? Well, if you want to be on Facebook, you have to do it without a specific page. Or you might have to find another platform all together.

Thoughts?

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Helping Small Online Businesses Demonstrate Trust & Credibility: KikScore and Shopify Partner Up

As you all probably know, we at KikScore are dedicated to helping small businesses alleviate consumer trust concerns. What you may not have known is that, for the second time, KikScore is going to attempt to take over Canada! That’s right; we are once again arming ourselves for the coming partnership between KikScore and Canadian company Shopify. Together, we’ll help to revolutionize the ecommerce industry and continue to fulfill our mission at KikScore of doing everything we can to help small business and entrepreneurs!

Shopify, an online retail platform that hosts over 1,600 stores, has decided to partner up with KikScore. This new alliance will give Shopify ecommerce stores access to KikScore’s Confidence Badge app. This app contains KikScore’s 4 unique tools that are packaged together into a one-of-a-kind trust seal: (1) a business-specific trust score to help small businesses, (2) a Confidence Badge to display at the bottom right of the business’ website, (3) a dynamic and informative merchant report card, and (4) an interactive feedback platform.

There are a number of reasons for our partnership with Shopify. Here are a few key data points:

1) More than 50% of internet users don’t shop online because of security concerns.

2) 85% of consumers worry that online retailers don’t do enough to combat online fraud.

3) Over 75% of all potential online purchases are abandoned.

There is even more data on this issue of the challenges of small business and demonstrating trust here in this recent post we did on the topic.

Our partnership with Shopify will allow small businesses to empower themselves like never before. “We are really excited about being able to offer our KikScore Trust Seal through our new Shopify application. Now all Shopify customers can easily add a KikScore seal to their site through this streamlined application” says KikScore VP, Product, Mike Collins. With our app, small businesses can easily and efficiently display their track records of reliability. It’s time to cut down on shopping cart abandonment and increase sales!

For more information on our awesome new partnership with Shopify, take a look here.  Also please make sure to check out the KikScore Confidence Badge and Trust Seal App in the Shopify App Store.

Thanks to everyone at KikScore and Shopify for helping to make this possible.  If any Shopify merchants would like more information about the App, please feel free to email us at support@kikscore.com. We would love to hear from you.

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Small Business Influencer 2011 Champions: Some Special Shout Outs & Recommendations for Next Year’s List

As you know, KikScore was nominated for the top 100 list of the Small Business Influencer’s 2011 list of Champions. Late Monday evening, the winners for this honor were announced. We are happy to see those who made it in and couldn’t help but notice some names that are particularly important to KikScore. These people have been a great help to KikScore as well as the rest of the small business world and we cannot help but admire all they’ve done. It is with this that we are proud to give a special shout out to a select group of people!

Some Judges We Want to Mention

Ramon Ray – Ramon is an editor and technology evangelist for Smallbiztechnology. He has written tons of great articles, including a write up on KikScore on BusinessInsider. We’re really grateful to have had Ramon take the time to help market KikScore and build the brand. Great job with everything you’ve been up to, whether helping us out or judging the Champions list!

Anita Campbell – Anita is a publisher for Small Business Trends and BizSugar, as well as another one of the judges for Small Business Influencer 2011. What makes Anita so special to us is her constant support of KikScore. She got us invited to the webinar for Focus.com on security for small and medium businesses and has suggested small businesses to use Kikscore. Thanks for all your help and keep up all of the amazing work Anita!

Ivana Taylor – Yet another judge, Ivana is DIY Marketers’ small business evangelist. In a nutshell, she’s an incredibly helpful source of information for all things small business. Our hats go off to you, Ivana! We can’t wait to see what you do next!

The Champions of this Year

Shashi Bellamkonda – Shashi, the business swami of Network Solutions who made it into the top 100 list of Champions, has been a huge supporter and incredible help to KikScore. Among the many things he’s done, Shashi was a big part of Social Commerce Camp DC, which was a blast. You’ve been and continue to be an enormous help to all of us at KikScore and we want to congratulate you on making it into the top 100!

Melinda Emerson – Also known as SmallBizLady, Melinda has also made it into the top 100. Among many things, Melinda is the host of Twitter’s weekly talk show, #SmallBizChat. Needless to say, she is the whole reason KikScore got the opportunity to be the guest of honor on #SmallBizChat one week. Congratulations Melinda! You’ve helped us so much and we’re really excited on your making it to the top 100!

John Lawson – Another Small Business Influencer 2011 Champion, John is CEO of 3^rd Power Outlet and ColderICE Media. John helps KikScore out with introductions as well as with The KikScore Startup & Small Biz Daily. His efforts have been a great help and we at KikScore are lucky to benefit from his expertise. Thanks for all your work John and enjoy your Champion position!

Laurie McCabe – A partner at the SMB Group and a small to mid-sized market expert, Laurie is yet another deserving Champion. A while back, Laurie took the time to interview KikScore for one of SMB Group’s podcasts. This was a great opportunity as well as a great honor. You’ve been great Laurie! We’re so happy to see you make it to the top 100!

Our Recommendations for Next Year

Tinu Abayomi-Paul – Tinu is part owner of the amazing Free Traffic Tips. She is truly an example of a small business expert as well as great person. Thanks for all of the guidance you’ve given the small business community, Tinu!

Shonali Burke – Owner of Shonali Burke Consulting and editor of WomenGrowBusiness, Shonali has a treasure trove of advice for us all. Alongside being a PR expert for small businesses, she truly is digital PR pioneer. Keep up all the great work, Shonali!

Jill Foster – Jill has taken on many different roles. The founder of Live Your Talk, a public speaking advocate, a blogger, and the founding editor of WomenGrowBusiness, Jill has a thing or two to teach small businesses. You continue to teach us all and for that we thank you!

To those who made Small Business Influencer 2011 possible as well as those who provide inspiration to countless small business, thank you! To everyone who made it to the Small Business Influencer 2011 top 100 list, congratulations! We think it’s awesome what is being done to recognize the folks who enable small businesses’ success and are so happy that we were nominated! We hope to see you all make the list again next year!

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KikScore in Business Beware and ShoestringVenture

We at KikScore have been on a roll lately! Last week, we received some great press from the wonderful Leah Bodi, production coordinator for the Business Beware Show. As if the news couldn’t get better, we were lucky enough to be interviewed by the great Steve Monas for ShoestringVenture. We are extremely grateful for being recognized by Leah and Steve, who both share our passion for helping businesses out.

If you are interested in hearing what Leah had to say about us, check out A New Wave of Online Trust Scores. To see Steve’s interview with us, take a look at KikScore – Helping Small Business Win the Battle for Online Trust.

Of course, we encourage you all to follow both of these amazing groups on Twitter at @BusinessBeware and @ShoeStringBook so that you too can benefit from the wisdom they offer businesses. Our thanks go out to Leah, Steve, and our loyal customers for all that you have done!

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