Key aspects of on-line trading
Let us suppose you are an established manufacturer
of handkerchiefs (we take this example at random). You have been
making and selling the little cloth squares for years and wholesaling
them to chain stores.
The MD's daughter leaves University and decides
to join the business. She decides that there is more money to be
made from selling handkerchiefs on the Internet than selling them
to retail outlets.
She commissions a web house to build an on-line
shop. What key things should she be concerned with in moving the
business into the virtual market place?
Use your site to collect data
Try to collect at least one piece of data from
every visitor. This might be their e-mail address. But further data
can be of value to your business. You could, for example, invite
visitors to type data about themselves into on-line forms that will
provide you with feedback about your customers. Offer competitions
in which visitors can win a supply of your products. The competition
is an incentive to provide information about the customer and his
or her tastes and interests in your products.
Visitors to your web site can be invited to submit
basic demographic data - age, sex, location - and information about
such things as their colour preference, past buying habits or future
purchasing intentions. This information can be used in marketing
projects.
Your web server should be able to log the number
of times your main web page is called and to log which ISP called
it - that will tell you which countries are using your site. It
will also indicate which days of the week or time in the day are
giving the highest rate of hits
Trade securely
Security is the Internet's hot potato. Shoppers
are concerned that their credit card numbers will be handled securely.
Internet users wondering about buying on-line worry about whether
their credit card details will be abused and whether the goods they
pay for will actually be delivered to them. Some companies now guarantee
on-line transactions against fraud or non-delivery - ask your insurance
company about this and seek advice from your credit card company.
If you have set up a safe, secure shopping environment
for your customers you should reassure them at every opportunity
that this is the case. In our example, the MD's daughter puts a
photo of herself on the web site inviting customers to contact her
sales manager if they have any problems in making purchases or receiving
goods.
Some shopping sites now have telephone or chat
links to live sales representatives who can help them with the procedures
involved in buying from a web page. In the US this has proved to
significantly increase sales.
Promote your on-line shop?
It is no good having a real shop in the High Street
if no one ever goes into it. Site traffic to an on-line shop is
therefore of considerable importance to its success. On-line merchants
are preoccupied with things like conversion rates, i.e. the rate
at which people visiting their web sites actually buy something.
It is not uncommon for only three people in every
hundred who see an advertising banner to click on it and visit the
advertiser's web site. Of these three visitors only one might actually
make a purchase. In order to get a return on investment, the merchant
needs to get a banner seen tens of thousands of times. By choosing
the right sites on which to advertise, these rates can be achieved.
Get visitors to come back
People talk about the extent to which a site is
sticky - this is the degree to which visitors keep coming back to
it. Web designers try to make their sites as sticky as possible
and have developed an inventory of techniques for achieving this.
Such techniques include frequent refreshment of the content, interactive
elements that engage the visitor, competitions and follow-up e-mails.
Keep on top of orders and logistics
Merchants must ensure that orders are fulfilled
promptly and delivered safely. Nothing gets the on-line shopping
a bad reputation like failing to respond to orders and failing to
get the goods delivered quickly. If you set up an on-line shop,
make sure that it provides good support for order delivery, order
picking, and order tracking. Your order management system should
be fully integrated with book keeping software.
The Internet Services Team at Maple Systems can
help you with all these aspects of on-line shops, to make sure your
on-line shop is an on-line success.
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