BUSINESSWEEK ONLINE: E.BIZ

TODAY'S MOST POPULAR STORIES

  1. What GM Sees in Chrysler
  2. Apple: New MacBooks, Same Old Prices
  3. Intel's Surprisingly Sunny Earnings Report
  4. Analyst Actions: Bank of America, SunTrust, JA Solar, Suntech Power
  5. Some Cities Will Be Safer in a Recession

Get Free RSS Feed >>
  MARKET INFO
DJIA 8577.91 -733.08
S&P 500 907.84 -90.17
Nasdaq 1628.33 -150.68

Portfolio Service Update

Stock Lookup

Enter name or ticker

 
 
 
 
 
E.BIZ TIPS
MAY 25, 2000


How Retailers Can Avoid the "H2K" Bug

Tips from BizRate.com for making this year's holiday season smoother




In May, BizRate, a company that solicits customer feedback on sites, aggregated the data it collected over the past year into a report that would help retailers prepare for this year's holiday season. Here are some of the key steps retailers must take if they expect to survive what BizRate calls H2K:

Pour on the promotions
Free shipping, coupons, and first-time-buyer discounts were cited by more than 70% of respondents as "likely to convince" them to purchase from merchants they might not otherwise consider.

Get up to speed
Slow Web sites frustrated more online shoppers (48%) than any other potential problem last season.

Be on time
On a scale of 1 to 10, on-time delivery scored a 9 in terms of its impact on a customer's likelihood to buy again. When consumers asked what would make them unlikely to return to a merchant's site, late delivery was cited as the No. 1 reason in five out of six product categories.

Don't ignore impulses
Sites should be designed to encourage impulse buying: 36% of last year's shoppers threw some items in their baskets that they didn't originally intend to purchase.

Take back the goods
Only 40% of Web merchants who participate in BizRate allowed returns last season. Yet 70% of customers polled cited return policies as important in affecting their online-purchasing decisions.

If at first you don't succeed...
Merchants can lure back unhappy shoppers, especially if they offer discounts on future purchases. Just 13% of shoppers who reported dissatisfaction with a retailer said they would never go back.

By Arlene Weintraub in Los Angeles

Top