Posts Tagged ‘scoring models’

KikScore Update: Acting on Feedback, Our Product Enhancements for Online Sellers & Ecommerce Stores

As a startup with  a new product, we at Kikscore have mentioned here a number of times the importance that we and others have stressed on taking user feedback and comments and then acting on them.   If your business and management stick your head in the ground and think you know the market better than your customers, you have a very low chance of succeeding as a business, especially a startup.  We know our product may not be perfect, but as we mentioned earlier this week instead of waiting for perfection we decided as a company that we wanted to push Kikscore out to market in beta form in late 2009 so we could get feedback from online sellers and e-commerce users that had stores.

So here we are in early 2010.  Where are we with the KikScore product? Well here is an update on some of the recent key changes and enhancements we have made to the KikScore product.  These changes came directly from our users, the community and other generous friends, family members and colleagues that took the time to sign up and use our product or take a look at live users of the KikScore product.

1. Load & Uptime Improvements – We improved response and load times of every KikScore seal and KikReport that resides on an online seller’s site.   Uptime for the seals is now the best it has ever been and we will continue to monitor KikScore seal uptimes as we know the importance that has for our customers.

2. Updated User Interface & Look and Feel – We updated the look and feel of the tabs on the KikReport.  This included making the look and feel of Management and Shopping Security tabs easier to read and to include even more easy to use information about a seller’s business, website, background and track record of trustworthiness.  The user interface for the KikReport and some of these tabs was also updated based on feedback so shoppers could easily recognize and interpret the information and data presented in the KikReport of a seller.

3. Updated Comment Platform – We modified and enhanced the comment management platform on the merchant’s KikReport making it even easier for comments about a shopper’s experience to be displayed to online visitors to a small business website.

4. Updated Seal – The KikScore seal has been updated based on both seller and shopper feedback to make the initial KikScore seal that resides on a seller’s website easier to read and interpret.

5. Easier Sign-Up– We listened to our beta users and have made the KikScore sign-up process for merchants more intuitive and easy for merchants.

6. Scoring Model Updates – Based on the data and feedback we continue to receive, we are also making enhancements along with updates to our scoring model that analyzes the trustworthiness and reliability of small businesses, online sellers and merchants.

These are just some of the enhancements and updates to the KikScore product.  We continue to solicit and receive feedback.  During the coming months, you will not only see more enhancements and updates but also much more.  We cannot go into too much detail in the “much more” but the next few months will be exciting for our customers, new customers, the community and the market (and us too!).

Let us know what you think about our enhancements and updates. Also feel free to send us more feedback on KikScore. We love it.

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Posts Tagged ‘scoring models’

Making the Grade

Our entire lives we are graded… from that first math test in elementary school through to cramming for the SAT/ACT’s… not to mention our parents own grade scale (in my house, aka the guilt trip) in determining if our behavior is worthy and success is likely as we venture out into the world. Even in Kindergarten I remember getting the U=Unsatisfactory in conduct because I couldn’t stop talking to my friend Beth during story hour. I remember my first B… It was 5th grade and I was convinced that my teacher was an idiot and I boycotted going back. Thankfully my mom (yes guilt trips can work wonders) convinced me otherwise.

The fact is, we are graded for everything and those ranges still apply to business… at KikScore, we’ve created our own range based upon the multitude of information being analyzed within our scoring model. The algorithm that keeps us math geeks going.  Yet, in the end, it’s still a ‘grade’… how does a consumer know that a site hasn’t hired a ‘front’ that is a false impersonator? Remember Making the Grade from 1984? Don’t be fooled!

I’ve shared below some guidelines to help with the comparison on what each KikScore range means. Merchants will strive for what works for them… but will it make the grade that brings customers??

Positive = KikScore Range 1000-600 (A’s-B’s)
• A merchant that openly shares information about the owners/managers of the company. This equates to full transparency and a desire to have their customers know them.
• A strong financial history shows that the merchant has made sound decisions, which promotes they can be trusted.
• The KikScore seal includes a Customer Feedback section. Merchants who consistently receive positive customer feedback display strong commitment to customer satisfaction.
• Pride in their website in establishing policies that protect consumers and provide highest levels of security

Average = KikScore Range 600-300 (Covers all the C‘s)
• Merchant that shares minimal information about the owners/managers of the company.
• Managers/Owners who have mid-range financial history may indicate that the merchant has made risky decisions over time. This promotes a sense of caution from a potential shopper.
• Minimal concern for consumer protection by establishing minimal policies and limited security within their website

Poor = 300 and below (D on down… or ‘U’ – Ouch)
• None or very little information is shared on the owners/managers of the company
• If information is shared, there is negative financial history (or minimal overall) which may indicate the merchant has made bad decisions over time and a potential indication that they could be shady.
• Negative feedback posted from previous customers indicates that the merchant hasn’t worked to make changes to remedy such customer concerns.
• No policies or security within their website indicates no concern for consumer protection and they are only out to make a profit

It is a Buyer Beware world as Raj shared in a recent post Cyber Monday. With KikScore we strive to provide avenues for merchants to succeed in selling online… but it’s their decision in the end on what to focus on and pave the way for their customer’s experience. Oh, and that B I got back in 5th grade… well, I studied harder and finished the year with an A.

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Posts Tagged ‘scoring models’

Diary of a Tech Start-Up: Disagreement Over Product Features

Lord of the Flies

If you’re doing a start-up with other people, I guess it’s unavoidable to have disagreements with your team. If you’re lucky, the biggest disagreements center around where to go for happy hour. Personally, I like Chili’s. I know it’s not necessarily cool, but the chips and salsa is really good (very salty chips) and the margaritas are big (and unlike I’ve mentioned in previous postings, the glasses are very easy to hold onto). It’s also very unlikely that you’ll run into your competitors at Chili’s — as these weak-kneed companies can’t buck peer pressure and social convention and won’t be caught dead there.

Recently, our team has been caught up in a larger kerfuffle.  It centers around how we promote and/or explain the shopper experience that can be expected on our customer sites — via a numeric score. Some of the customer feedback is the concern that shoppers may equate an 820 (which is a really high score) with a “low B” rating (which would get you valedictorian status at my high school).

A contingent of our team believes that, because we already spell out the guidance of the numerical rating (“great experience”, “good experience” and “poor experience” expected), to remove customer confusion, we could eliminate the actual score. Other team members argue that the numeric rating shows the precision and sophistication of our scoring model (see posting on our algorithm), and it is something that our customers need to accept.  Take a look at one of our customer’s sites, at www.17thandriggs.com to see the current version of the user experience.

We’re working through how to please all the team members, but this disagreement doesn’t seem to have a clear mid-point. I guess that’s the point of working with the right team. If everyone has an opportunity to express their views, whether the decision goes the way a particular team member wants really isn’t important. It’s that there’s an underlying level belief that ultimately, with enough deliberation, the group can reach the best decision for the business and the customer.

On the other hand, instead of thoughtful deliberation, we’re also thinking of implementing Mixed Martial Arts in our team meetings. I may have a bit of a paunch, but I have a pretty good reach.

Feel free to give us your opinion in the comments below on your feedback on this issue.

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Posts Tagged ‘scoring models’

Sell Online? Signup for KikScore 's Free Beta Service

Try KikScore Free

We here at KikScore want to help small e-tailers and online merchants succeed by selling more.  So we launched a new product late last month that allows small online businesses the ability to demonstrate to online shoppers that their business is trustworthy, reliable and has a trackrecord of success.

How does demonstrating trust help your store out?  Shoppers often look for signs of trust before they buy from an online store. (We discussed this issue here and here previously)  So why not give those shoppers information that directly relates to how trustworthy your business is.

The KikScore service allows you to take both publicly available information and verified information about your business and directly display it to online shoppers on your website.   The information is displayed through a dynamic KikScore seal that is continually being updated.  And even better, all of that information then gets scored and you can display your trust score to your shoppers.  Its like presenting shoppers a continually updated report card about your business. Now, just like in the 6th grade, you can get cash from more customers, in return for your good report card!

Sign Up Information

Please try us out. The service is free for a limited time.  Don’t worry, we will give you at least 60 days notice before we start to to charge for the product and you can cancel at any time.  You can sign up your business here.

Its a no lose situation for you business.  Try out our FREE service that allows your store to demonstrate trust so you can increase sales.

Examples of Some Merchants Using KikScore Seals

If you are wondering how the KikScore seal looks.  Here are three sites that are using the seal:

Interactive Security Group (KikScore’s parent company)

Tuftedtopper.com

17thandRiggs.com

Click here for a free sign ups for the KikScore service.  And come back and tell us what you think in the comments. Also check out the new KikScore video!

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Posts Tagged ‘scoring models’

Algorithms — They're Not Just For Big Businesses Anymore

Thanks to the internet, online buyers and sellers have access to a lot of data to help guide their buying and selling decisions.  Finding the average price of a 1984 Chevy Citation (my first car) is a couple of clicks away.  But the problem with data is that it is everywhere and nowhere at the same time.  As I mentioned in a previous post, online reviews often suffer from grade inflation, and determining a reliable trend really requires thousands of transactions — not really possible for individual buyers and sellers.  So though it is easier than ever to gather information, that has just resulted in information overload.  This isn’t really a unique problem.  Big businesses have faced this issue for quite some time.  What’s their answer?  Scoring models with sophisticated algorithms.  Or stated more simply, math.

Though our interest in math prevented us from being very popular in high school, it has allowed us to create complex risk models for many types of decisions that big businesses face.  So why not use our nerdy interests to help small businesses sell online and provide comfort to shoppers that would like to buy from a small business, but isn’t sure of the shopping experience he/she will face?  That’s exactly what we did.  I can’t get into the details of the scoring m0del, or others (much like the popular kids in highschool) will just steal our homework.  But in general terms, KikScore takes public information about the online business (e.g. site security, traffic, links, domain registration, privacy policies, consumer reviews) and joins it with permitted information about the business owner (e.g. financial stability, public records)  — ultimately creating a tailored recommendation of the shopping experience to be expected.  This helps potential customers feel more comfortable doing business with a lesser-known small business.  Math…leveling the playing field for online sellers and bolstering trust for online shoppers.  Take that, Geography!

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