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iPhone Security Disabling
Jan 12th, 2009 by philip.wilkinson

So, anyone tried out the security feature on the iphone to get it to lock you out if you enter too many incorrect pin numbers? I got to 7 before it locked me out for 5 mins, but didn’t have the guts to get all the way to 10 and see if it really did wipe itself… any takers?

Does VC have a future?
Jan 5th, 2009 by philip.wilkinson

I’ve just been reading a post by Nic Brisbourne on the Future of Venture Capital who posts some interesting thoughts on what may happen with VC investments over the coming year.

Nic has a nice optimistic view on this – but I have to disagree. In this kind of market, the good businesses are those that understand how to cut their cost bases and strive for profitability as quickly as possible. They are the entrepreneurs and companies who won’t actually need to raise any VC once they are on this path and will instead seek out Angel investments and smaller amounts of cash to tide them over for any cashflow dark spots.

Any company that has raised VC all ready should have enough to see them through to profitability or the VC’s who originally invested will sink a bit more cash into it if it’s going the right way. I don’t see any VC’s making any new investments in new companies for a long time now as they hardly did this when times were good anyway!

Let’s face it – VC’s need to be become smaller, more dynamic in levels of investment, and stop being scared of risk. In fact – 2009 / 2010 are the years of the angel investors!

Jeff Pulver backs me up on this argument too, stating that the smart entrepreneurs are those that know how to bootstrap and utilise the vast range of free infrastructure resources that now currently exist to make this even easier.

Tweetmas covered in the New York Times
Dec 22nd, 2008 by philip.wilkinson

Our @tweetmas project has been a storming success and we’re really proud of our little experiment. It was really to see how well people can interact via twitter to discuss things they want and we’ve had over 2000 tweets so far with people asking for a variety of things such as “a nintendo wii” or “for chocolate not to appear on my hips”! All good fun.

It’s been picked up in a couple of places, including the New York Times – yeh baby! I’m also assured Jemima Kiss is also going to cover it in her Guardian blog which we can link to when she does it :) In fact, here it is.

The State of eCommerce 2008 – 2014
Dec 9th, 2008 by philip.wilkinson

Lots of very useful data coming out about the offline and online retail markets at the moment. In particular, InternetRetailing and some Hitwise seminars. So what’s the status in a nutshell?

  • Sales on the high street have been declining and will continue to do so until 2014, by around -2.5% year on year
  • Online eCommerce is still growing but has slowed down
  • Monday 8th Dec has been the biggest day online so far this year but some pundits are predicting next monday to be even bigger as e-tailers are now offering later and later deliveries. Christmas day and boxing day will also be big days.
  • Biggest growth areas online are low frequency items (which includes groceries and clothing)
  • 0.5% of all e-commerce traffic is through voucher code sites!
  • 2008 is showing a similar shopping trend to 2007 in terms of the biggest days online, although volumes are 10% higher.

What does all this mean? Basically we’re still shopping but we’re shopping slightly less than before and moving from the high street to online to look for products and deals. I wouldn’t want to be a high street retailer right now!

Yahoo sells Kelkoo to private equity firm Jamplant
Nov 21st, 2008 by philip.wilkinson

Information just in: Kelkoo has just completed it’s sale to a newly formed private equity company “Jamplant” as of last night, meaning that Kelkoo will no longer be a subsidiary of Yahoo and will continue to trade as an independent entity.

Well this one came out of nowhere! That’s twice it’s been sold. I’m looking into more information about who Jamplant is and who is behind it – I wonder if it’s some old Kelkoo shareholders buying it back…

Rumour has it that Kelkoo has been suffering over the last year or so with declining margins from loss of organic traffic and that disagreements between Kelkoo and Yahoo staff over how to improve things were rife. Is a turn-around possible?

UPDATE:

    Mike Arrington has a good post with more information and the actual update email from Kelkoo MD Glen Drury to the team
  • Pierre Chappaz also announced this on his Kelblog (I ran it through google translator)
  • Profile information on the new mysterious Jamplant
  • It’s also worth looking at my previous post on this topic and Kelkoo’s challenges which are part of the reason for them being sold on.

Mobile Broadband and Crowdstorm
Oct 3rd, 2008 by philip.wilkinson

Mobile Broadband Genie

Well while we’ve been making a lot of back-end changes to the site over the last few months, we’ve also been doing a few business deals here and there to:

  • Increase the number of products and categories on the site
  • Increase and enhance the number of user review sources we import
  • Bring more expert sources and partners to the site

Our first announcement concerns the item at the top of the list where we have just signed a deal to try out our first services categories for both broadband and mobile broadband (the one with the little dongles for your laptops. In order to do this, we’re please to announce a deal with Mobile Broadband Genie who will be helping us launch these categories in the next two weeks.

It’s a great deal for us as we get to utilise a vast range of broadband providers, prices, and information to apply the Crowdstorm system and algorithms too.

We’ve got some more announcements too – but one step at a time eh…

Web Stores benefiting from Customer Ratings
Sep 12th, 2008 by philip.wilkinson

These emarketer boys have provided the goods yet again with some interesting data on the top web 2.0 spending priorities for online retailers:

Reviews priority on web2 retailer sites

Some sites reporting a 50% jump in sales when they put honest reviews onto their sites. Not surprising really when you consider lots of people want that extra validation into their purchase decisions, especially in this economic climate. Also, see my previous post on where actually these reviews should sit…

Shopping Search vs. Recommendation Sites
Sep 3rd, 2008 by philip.wilkinson

Interesting day yesterday as I had a chat with a journalist from RetailWeek and also attended a Chinwag:Live event – all around the topic of how search and recommendation play a role in helping people find what they want. I was actually remarkably quiet during the event, for a change, mainly because my ankle still hurts from falling down a mountain over the weekend – but that’s another story!

So back to the topic – to me of course, my mind applies this in the context of the shopping purchase cycle and how both methods play their part.

First, some definitions of the two approaches:

A: Search

We all know that most people’s journey’s start with visiting the “big G” and typing in a set of 2-4 keywords or phrases, ranging from “find me the best digital camera” to “places to eat near Covent Garden”. You will click one of the results, visit the page, and then continue your journey from there or hit the back button and try the next result down. All pretty familiar stuff. The argument of the search advocates is that this is all you ever need to find the information you are looking for, no matter where you are in the buying process.

B: Recommendation Sites

These try and take the concept of search further in having more detailed, vertical information, and having recommendation engines and social interaction to help people in a better way to find what they are looking for. Examples, of course, are Crowdstorm, TrustedPlaces, and TripAdvisor to name but a few. In these sites you either have a lot of information in one place about a product you are thinking of buying or you can interact with the people and the engine to help you actually make the decision process about what to buy.

So the crux of the argument is which approach is currently being used by the consumers and which is the best approach to give them the best experience.

trusted recommendations and search

I cover off some of the points raised in the event below:

1: Recommendation sites need search engines to drive any traffic to them

This one is hard to refute as 95%+ of journey’s start at a search engine and so if you don’t have good content to get ranked, you don’t get the traffic. End of story. Even if your site is good enough to establish a brand and get people coming back directly, even a majority of these people will be lazy and type your name into a search engine. It takes a good 4-5 years before a business is good enough to get people to come directly.

2: Search doesn’t take into account the stage of the purchasing cycle that someone is currently at.

Take the example of typing in “television reviews” – pretty easy to work out what they want but this type of search is tiny traffic compared to words like “televisions” and “sony televisions”. What actually is someone looking for when they type such a generic term – are they looking for product information, ideas to browse around, somewhere to buy it, the best prices and deals, reviews and opinions, or a mixture of all of them… there’s a wide range of possible places to send the visitor to. Search here can really fall down as it really is showing only sites that have designed their content for the search engines and not necessarily relevant content. Take price comparison as an example – how many times have you typed “best price digital cameras” into google and got a range of price comparison sites which you click through to only to find a set of rubbish results. Likewise, if you type “digital camera” into Google – how does looking at one review site or going to a merchant actually help you make that decision? It’s a complex scenario that I don’t think anyone has really nailed yet.

3: If retailers got their acts together, would anyone really need to use recommendation or review sites

A very interesting question. The argument is about where should all the juicy reviews, product information, and recommendations actually sit – at the search engine level, at a product recommendation site, a magazine review site, a price comparison engine, or the end retailer? Take an example: If I want to buy a new rucksack right now that is big enough to take around London for the day and very comfortable to wear on the back and under the arms – where do I go? If I type that into a search engine, I’m going to spend hours wading through crap. Likewise, a magazine review site may be interesting but they rarely cover a big range and you need to dig around a lot. A price comparison site is only going to show me a list of them with prices, and a retailer site will often just show me products with images and a price. It’s a little bit of “jump around a lot and try and fit lots of bits of info together”. Now, take the situation where a retailer site such as Webtogs (note: I’m a shareholder), reaches the point where every product has user reviews and ratings, and a whole section for “Expert advice and community” is created to help users, magazine publishers, and even retailers interact and help people in their purchase decisions, directly on the Webtogs site. Would you need to go anywhere else? Surely recommendation, review, and community sites only exist because retailers can’t or are scared to implement this kind of thing? You can argue that companies such as Reevoo and Bazaarvoice help by handling the review capture for retailers, but this is only a small part of the picture.

4: There are other forms of communication that can help in the buying process that miss out both search engines and recommendation sites altogether

Twitter was mentioned as a good example of this where someone asked their friends and followers “what digital slr should I buy made by Canon?” and got a raft of good responses. These ranged from actual product recommendations to pointing them to sites and discussion forums where people were already taking about this kind of thing and helping each other out. You also consider social environments such as facebook, blogs, and even traditional emails of course – and the bigger puzzle of how to interact with them. Are we actually trying something which is not possible by bringing all these communication methods together under one vertical site or product?

5: Do people really care about trust?

So one of the main arguments about why recommendation sites can top results from a search engine, is over the degree of trust they can utilise between sources and people. Google uses it’s algorithm to try and work out which sites are the most relevant and trusted by other “website owners” where as recommendation sites try and show reviews and comments filtered by trusted people in the community or network who have something valuable to say and not just trying to game the system. The question then becomes, do you trust reviews on a retailer site when you don’t know who the people are behind them, a site that comes up on Google just because it is in the listings, or do you prefer to know a bit about the people writing the content and why you should trust them. Perhaps we do, as our friends and colleagues are always trusted more than anonymous people. What would you prefer – 2 recommendations from a friend and colleague or 45 reviews from anonymous people? I haven’t found any data to support either side right now but it’s an interesting question nonetheless that needs some answers.

Conclusion

This entire space about how people choose and recommend products and services to each other is much more complicated than I ever imagined, and luckily I’m not the only one who thinks that! I think the issue really comes down to their being so many different ways and methods of researching things online and every type of site trying to work out where they fit into the equation. Should a price comparison site focus on that end step of finding the best price and buying or should they move more into product reviews and community?

Should retailers focus on despatching the goods to the customer and getting a good range of selection, or should they also be providiing reviews and community content and advice to help people make the right decision? Should recommendation sites fill the gaps they leave right now and if so, is it a long term solution? Finally, what about the mighty G – don’t they see themselves as the main gateway to the final destination sites and will do everything they can to own every single journey right up until the final purchase?

As Terry Pratchett once said “We live in interesting times…”

Back in action
Sep 3rd, 2008 by philip.wilkinson

Just a quick post to say the Crowdstorm team are back in action after a good 4 week break – so don’t worry, we haven’t let the blog go to waste.  In fact, the next post in a few minutes is a very detailed one about Search vs. Recommendation Sites – hurrah!

How to view the new Apps in Itunes 7.7 – right now!
Jul 10th, 2008 by philip.wilkinson

So, pretty much everyone knows you can download the new itunes 7.7 from Apple right now, but after a bit of fiddling we’ve actually managed to find a loop hole that lets you browse all the new Iphone Apps right now – before the launch date:

Here’s how:

  1. Download iTunes 7.7 via Apple Software Update on your mac or PC
  2. Load up itunes, go to the store page, and type “aim” into the search box in the top right
  3. In the middle of the screen you’ll see a new box “Applications” and inside a link for “AIM” – click this
  4. Now you’re on the AIM page – you’ll see “App Store” in the breadcrumb trail at the top – click this, and hey presto – you’re in :-)

Enjoy!

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