Posts Tagged ‘online’

Will Online Shopping Be on the Upswing in 2010?

Monday, November 9th, 2009

Here’s an original question for you to ponder — Is the recession over?  I know, your head hurts because you’ve never thought about this.  But pick yourself off the floor, take an aspirin and think about the question.  We all have our favorite gauges of whether things are getting better.  Mine is the restaurant test.  Throughout the economic apocalypse, my wife and I continued to go out to dinner.  And since we are creatures of habit, we go to the same 4-5 places.  In March, you could get a table at any time and the service was great.  This Fall, we’ve noticed it is getting harder to just walk in on a Thursday night (especially when I forget to wear a shirt…dang Houston’s dress code can be picky).  So, by my very scientific calculation, we are heading out of the recession.  My Grandma Nanners also claims that times are getting better, because they are charging more that the Country Harvest Buffet.  Let me tell you, Nanners can eat about 5 servings of mashed potatos…what am I writing about?  Oh yes, the recession.

Well, according to a recent report from eMarketer, things are looking up for online shopping in 2010 and 2011.  In 2009, U.S. online shopping was $139B.  While that is a lot of activity, that number is actually down .4% from the 2008 number.  In 2010, eMarketer projects an improvement from 2009, with U.S. sales going up significantly in 2011.

We’d like to know what you’re seeing out there — are you planning for a better 2010?

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Posts Tagged ‘online’

Sell Online? Signup for KikScore 's Free Beta Service

Friday, November 6th, 2009

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 ‘online’

Diary of a Tech Start-Up: Idea to Soft Launch

Thursday, October 29th, 2009

One of our ideas that we have here at KikScore is to provide a running blog on how we started business, what challenges we face, and what we’re doing to make our concept a viable (and hopefully profitable) concern.  There won’t be one voice in this diary, as each of us have a different view of events.  Hopefully this spectrum of views and running history will help our readers with similar challenges (and if you have some advice on approaching a similar problem, we’d love to hear it as well).  We’ll try to be useful and interesting, but most of all, honest (and hopefully humorous).  Ok, let’s get to it.

About 3 years ago, a thought comes across my mind.  I recall this moment well, as I usually don’t have a lot of thoughts.  The concept was to come up with a way to provide some transparency to shoppers — allow an ecommerce site to provide verifiable information on who they are and why they should be trusted (so they can compete with established brands and brick-and-mortar stores).  And if we can supplement this transparency with third party data on these businesses and score the likely shopping experience — well, that’s a home run.  Shoppers benefit from more competition and an excellent shopping experience, Sellers use their good name to sell more online, and we have a nice business.

In an effort to save readers from lighting themselves on fire out of boredom, ala Airplane: The Movie, I can summarize what we did between coming up with this idea and now having our soft launch of KikScore.  We hired a patent lawyer; filed a patent; hired outside developers to supplement our efforts; we futzed around with these developers far too long; 12 months later we fired those developers; we spend 6-8 months working and re-working on our scoring model and securing third-party data sources; we developed a look-and-feel of the site (twice); and came up with a name and trademark (twice).  We all did this while each of us were working full time (and often overtime) with day jobs!  Alot of late, late nights and plenty of weekend work got us to where we are at. 

We’re now live and have several beta customers out there.  While the past couple of years have been busy, we know that the next two will be even busier.  Though it will be a lot more exciting actually being in business, instead of talking about it.

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Posts Tagged ‘online’

WSJ Article — Online Reviews Suffer From Grade Inflation

Sunday, October 11th, 2009

A recent Wall Street Journal Article examined a troubling trend with online shopping reviews — that these reviews benefit from higher grade inflation than a star power forward at Duke.  As Geoffrey Fowler and Joesph De Avila write, the average review given is 4.3/5 stars.  There are a handful of explanations offered for this trend, including  psychological — people are more likely to remember positive experiences.  But the most interesting reason offered is that critical reviews are removed from the calculation and reviewers are repeatedly critical are barred from some sites.  While this practice definitely skews the reliability of these reviews, I’m sure it’s similar to the corrective action taken when a rogue Spanish professor tries to fail that same Duke power forward for skipping language lab.  It’s simply not going to happen — or if it does happen, that Spanish professor will not be teaching at Duke very long.

Back to the point.  While shopper/user reviews can be very helpful, if the grade inflation persists, they will just become an empty marketing tool.  Continuing the academia analogy, using these inflated reviews to make shopping decisions (and who to share your personal information with) will be like getting a medical referral from the hacky-sack playing hippie who is in the 7th year of his Pre-Med undergrad.  I’ll go easy on our product pitch, but the ability for these reviews to be marked up (or less than objective) was a big motivation to create KikScore.  More on that later.  Until then, let’s all start providing realistic shopper reviews.

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