Posts Tagged ‘saas’

eBay is Magento’s secret investor – Internet Retailer

Thursday, February 17th, 2011

Ebay finally realizes that it needs it’s own full-fledged ecommerce platform to keep merchants happy.  Many Merchants have left the platform in the past years due to rising fees and restrictions on thoese who choose to sell inside the ebay marketplace.  But last March eBay paid $22.5 million investment for a 49% stake in Magento.

“The investment revelation came on the heels of Magento’s own announcement earlier this week that it will release Magento Go, an open-source e-commerce platform aimed at very small e-retailers that are just getting started with e-commerce. Magento Go is the company’s first cloud-based e-commerce platform, meaning it is hosted online, and will be available to e-retailers at the end of this month. Service plan pricing is based on the number of products listed, traffic volume and required bandwidth, and starts at $15 a month.”

This move positions eBay position itself as a resource for e-retailers, whether they conduct business on eBay.com or elsewhere. Furthermore, it proves what Exorbyte has been saying all along:

This is confirmation that there will be an ongoing market of small online retailers who do not want to operate within the restrictive and expensive platforms of eBay.com or Amazon.com ; where fees are high and they have no or little control of the customers relationships. This market of small online retailers using installed or hosted ecommerce platforms is where Exorbyte Commerce operates.

Furthermore, the launch of Magento Go, cloud-based starter ecommerce at $15/mo is the proof of the SaaS model is taking hold more than ever in the ecommerce space.

Read more: Newsmakers – eBay is Magento’s secret investor – Internet Retailer.

Low Hanging Fruit for Most Online Stores: Better Search Features

Wednesday, August 25th, 2010

We just launched the public beta version of Exorbyte Commerce Search and Autocomplete (if you are in the UK: http://commerce.exorbyte.co.uk). It’s a hosted SaaS monthly subscription version of our popular search products (MatchMaker and SearchNavigator) especially designed for ecommerce.

We also serve a large selection of other industries with the same core products for search within structured data. However we chose ecommerce, and we did so on purpose. There is plenty of data showing how many online stores are behind in terms of satisfying users with better search features to help them find what they want to buy. Here are  some of the reasons why Exorbyte Commerce is worth many times the very short time  (only minutes) setting up its free trial requires:

  • More than 47% of online shop visitors don’t become buyers because of poor search or navigation features.
    “According to iPerceptions’ E-commerce Industry Report Q2 2009, 38.6% of the 360,000 or so visitors to the 160 websites tracked were in the research stage of the buying process, while just 17% were at the buying stage.

    online shopper flight1 300x177 Low Hanging Fruit for Most Online Stores: Better Search Features
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    Source: iPerceptions' E-commerce Industry Report Q2 2009

    iPerceptions was able to establish several reasons why visitors aren’t purchasing. The main reason was that visitors weren’t able to find what they were looking for (34%), while price and navigation/usability issues tied in second place (13%) followed by shipping policies (9%).

    why customers dont buy1 300x200 Low Hanging Fruit for Most Online Stores: Better Search Features
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    Source: iPerceptions' E-commerce Industry Report Q2 2009

  • In his book The Humane Interface, renowned user interface guru Jef Raskin compares incremental and delimited search: “With a delimited search, the computer waits for the user to type a pattern and delimit it, after which it is the user who waits while the computer does the search. When using a delimited search the user must guess, beforehand, how much of a pattern the computer needs to distinguish the desired target from other, similar targets. With an incremental search, he can tell when he has typed enough to disambiguate the desired instance, because the target appeared on the display.”
    Jef Raskin goes on to say: “In spite of near agreement about the desirability of incremental searches on the part of both designers and users, almost all interface-building tools make it easy to implement delimited searches and difficult or impossible to implement incremental searches.”
    Jef Raskin even ventured to say in a footnote that search is either “incremental or excremental”. We kind of agree with him. icon wink Low Hanging Fruit for Most Online Stores: Better Search Features

While ecommerce catalogs are structured database tables, many online stores still use lame full-text search engines or slow database queries to provide catalog search results to their users. This is a real problem for the following reasons:

  • Full-text search engines usually have to crawl pages to index the data, making the update mechanism of search results slow and often out-of-date (not reflecting frequent changes in inventory levels, prices, and descriptions retail database undergo daily).
  • Database queries and full-text queries are simply not capable of handling advanced fuzzy search like structured data or database indexing engines can. Too slow or simply impossible to implement.
    Just try to build an advanced multi-field fuzzy search facility for a database of millions of SKUs (ex: online travel store, industrial parts, online electronics store, etc.) and keep it fast (under 10ms round trip) using a database query or full text search engine! Have fun and let us know if you want tips on how to make it work with a different approach.

Something that would be much better, much simpler, much faster and much more natural. An ecommerce search system that yeilds more conversions. Simply a system that guesses what you want to find even if you don’t know what it’s called: That is what we strive for every day at Exorbyte! What do you think?