The shift to multi-channel online retailing - from pure eCommerce to also embrace mobile & social payments. Given by John Clarke of WorldNet at the Shift Happens! event, held in the Guinness Storehouse, Dublin, on 5th May 2011.
Six Myths about Ontologies: The Basics of Formal Ontology
Shift Happens! (WorldNet preso)
1. “ The way I like to put it is, the answer should always be mobile first”. Eric Schmidt, Chairman, Google. “ If I had to guess, social commerce is the next area to really blow up”. Mark Zuckerberg, founder, Facebook.
2. The “four pillars” of Online Commerce Mail Order/Telephone Order eCommerce Mobile Commerce Social Commerce
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4. No one channel is going to “win” It is the customer who chooses their most convenient channel at each stage
5. No one channel is going to “win” It is the customer who chooses their most convenient channel at each stage “ The key attraction of online commerce (for 80% of consumers) is the ability to shop ‘whenever I want’ ” "Consumers are consolidating their spending with their favourite multi-channel retailers - meaning being a 'favourite brand' will become increasingly important, and that those without multi-channel propositions may well lose out,“ Retail Strategy Report, PwC April 2011
6. The Multi Channel Paradox From the customer’s perspective, multichannel is about simplifying their interaction with the merchant; allowing them to interact when they want, via the channel they want, seamlessly.
7. The Multi Channel Paradox From the customer’s perspective, multichannel is about simplifying their interaction with the merchant; allowing them to interact when they want, via the channel they want, seamlessly. This may increase the complexity for the retailer.
8. The Multi Channel Paradox From the customer’s perspective, multichannel is about simplifying their interaction with the merchant; allowing them to interact when they want, via the channel they want, seamlessly. This may increase the complexity for the retailer. It is important to view multichannel from the customer’s perspective, and not to implement the solutions that are simplest for the retailer.
39. 2011 – “The Year of Social” Which social networks to focus on? All the building blocks are currently in place. Retailers are setting up shop & selling on Facebook - some on an exclusive basis - but normally as one element of a multi-channel approach What are the factors that make sCommerce appropriate to your mix? - B2C, not B2B - age of customers - .... Social Commerce can learn from the “metaphors” that have developed over the last 15 years of eCommerce, and more recently in mCommerce
48. Multi Channel - In Summary Remember your four pillars, and determine the mix that is right for you.
49. Multi Channel - In Summary Remember your four pillars, and determine the mix that is right for you. Think from the customers perspective, not the retailers – make it simple for them.
50. Multi Channel - In Summary Remember your four pillars, and determine the mix that is right for you. Think from the customers perspective, not the retailers – make it simple for them. Learn from your eCommerce experience
51. Multi Channel - In Summary Remember your four pillars, and determine the mix that is right for you. Think from the customers perspective, not the retailers – make it simple for them. Learn from your eCommerce experience Don’t ignore it - get a multichannel strategy!
