Today is Cyber Monday, the date in the Christmas shopping season that shoppers flock to e-commerce sites to continue the shopping many people began on Black Friday. An estimated 72 million people will be Cyber Monday shoppers, up from 61 million in 2006. The growth in consumers willing to do their holiday shopping online presents tremendous opportunities for e-tailers. Unlike their brick-and-mortar counterparts, e-tailers can draw customers from all over the world.
Being presented an opportunity to profit from a growing number of online holiday shoppers is one thing, being prepared to take advantage of the opportunity is another. E-tailers have been known to frustrate shoppers and miss sales due to web sites that crash under increased customer traffic. More experienced e-tailers likely have prepared for this possibility, but a newer business may have to experience that growing pain first-hand to learn the lesson. Also, are order processing procedures well designed and executed? This aspect of the e-commerce transaction is as critical as the salesperson-customer interaction is for brick-and-mortar retailers. An order that is delivered on time and mistake free is the customer expectation that must be met. Anything less can lead to dissatisfied customers who might take their business to other e-commerce sites on Cyber Monday 2008. Link
Dr. Roy,
Why are some companies opting not to offer e-commerce? One that comes to mind is Express, a men’s and women’s clothing store. It seems to me that they are missing out on a large amount of sales? Is there a positive benefit to this?
Justin Rich