Social media sites and digital media are not doing your business any long term favours. Any addiction to them spells trouble for your business. Google’s recent dropping of Authorship highlights just how cavalier many tech companies are with providing real service to your business.
Traditional, bricks and mortar high street retailer John Lewis founded in 1864 is succeeding brilliantly online it provides a text book example for what Australian retailers need to learn about doing business.
There are many unexpected costs involved when creating an online business. Many business owners simply don’t know what they don’t know and the things they don’t know, often come with a huge financial shock attached to them.
Slow site speed kills your online revenue. Latest research shows online retailers are worse than ever at understanding this simple revenue boosting concept. Amazon recently calculated that for every second delay in loading its web pages it loses $1.68 billion a year.
One third of Australian businesses face substantial disruption from digital technologies in the immediate future according to Deloitte Australia. And all businesses are facing some form of digital disruption.
New research from PwC reveals that nearly 10 million Australians will buy something online in 2012. It estimates that online sales currently make up 6.3% of the retail spend, and tip it to grow to 9% in the next four years.
Online business may be growing dramatically, but it’s still only scratched the surface. More explosive growth is still to come. Mainstream Australian business has been notoriously slow to join the online party, especially retail, yet the growth in online revenue has still been dramatic.
As more and more Australians go overseas for new boobs and teeth, this has serious threats for all local professional service providers such as doctors, lawyers, dentists, architects, accountants and even marketers.
Two recent reports show the huge disconnect between what shoppers are doing and where local retailers are at in the online business space, especially in Western Australia. WA Shoppers are Online, But WA Business isn't.