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Philosopy and productitivty

 
>So the aim of each business is to manage these numbers,
>are we clear how this should be conducted?

Unlike math this industry is too young to have something definate and certain. I could have written PhD on that subject, and my experience would not be complete, there will be differences that I missed due to the fact that I had to ignore insignificant for us trends, which may well be significant for others.

> Which department has critical dependence – (in you case I
>would opt for full support of the product buying team)//

Well, I am not an authority on this subject, so all my comments are purely based on my experience in Jungle.com (2000-2003). More details about stuff that I did are here: http://www.chudnovsky.org/about/cv.doc (warning its my CV in word file) I am currently employed full time by Phones4U (Ecommerce) and I do not plan to change job in near future, so please do not consider this link an app for work (part time consultancy is a different matter so long as it does not conflict with my main job).

So, back to question: I consider that the most important reason for our success was the fact that we had very good business understanding linked to highly capable IT department. We had to fight a lot with commercial dept with varied success for 2 years, and with more success in the last year of Jungle's life. You can't really exclude anyone from the list, because without product in stock we can't really promote it. From our side we tried to do our best to assist relevant departments in helping us. Oveall I think the less dependencies are the better, not possible or hard to do in big corporate environments.

>cutomer services? Does this industry have clear best
>practices or business sector philosophy? Perhaps? Yes?

I can't really speak for the whole industry. My business philosophy is to be customer focused maximizing sales potential, yeah, I know its obvious stuff but I was suprised to see a lot of non-customer focussed stuff, like manufacturers offering incentives to promote their products etc.

>What do people do to move these numbers and how many
>people are required? (Considering OPEX) - productivity
>measures?

Depends on objectives, my approach is that its better to have small good multi-skilled team rather than have links to many departments. Its a long story as well, don't know how interested people are.
 
  • Compendium of Industry benchmarks, Ashley , 21 Mar 13:55
    A question that is often asked: "What is the industry standard for conversion rates / click through rates / drop out rates / traffic levels etc. etc.?" Most companies are only n ...
    • Compendium of Industry benchmarks, Barney , 24 Mar 11:01
      Hi Ashley.... I find these benchmarks very useful and agree with most of your estimates. Here are a couple of other benchmarks that could be useful: a) Percentage of traffic co ...
      • RE: Compendium of Industry benchmarks, Ashley , 24 Mar 17:59
        Thanks for those Barney - very interesting. I would say your average pages per visit was a bit high? My benchmark there would be 5-7. Perhaps it is more in your sector - all th ...
        • RE: Compendium of Industry benchmarks, robinedwards, 24 Mar 18:09
          From our sector (e-commerce, mainly B2C) the oft-quoted benchmark for browse to buy is 1-2% Many quote higher, and our mission is to get people there, but something to bear in m ...
          • RE: Compendium of Industry benchmarks, Ashley , 24 Mar 18:21
            Hi Robin I entirely agree about the need for sub-segmentation as you suggest. Care to bandy some figures around then for the segments you put forward? I haven't checked with ...
        • RE: Compendium of Industry benchmarks, Barney , 25 Mar 09:40
          My page views could be high... these are "entertainment sites", but this is a fairly solid benchmark for sites in this sector - probably simply reflecting the number of interesting ...
    • RE: Compendium of Industry benchmarks (jungle.com), Alex Chudnovsky, 27 Mar 10:39
      The following stats are based on about 1,200 email campaigns that I was involved with in the last 3 years in Jungle.com: CTR Conversion SalesPerEmail, £ Non-targeted: 2-4% ...
      • RE: Compendium of Industry benchmarks (jungle.com), silversurfer, 1 Apr 12:36
        I think this is all great stuff - but - it’s important that you consider cash in (gross profit) and cash out (operating expenses) alongside these numbers. Perhaps a few KPI's I ...
        • RE: Compendium of Industry benchmarks (jungle.com), Alex Chudnovsky, 1 Apr 13:19
          I'd like to apologize for providing not KPIs but general email marketing stats. I'd like to fix my error now. The KPIs that we used back in Jungle.com were (in no particular ord ...
          • RE: Compendium of Industry benchmarks (jungle.com), silversurfer, 1 Apr 13:57
            That's great - re industry benchmarks & KPI's. If you were to select 5 top line KEY performance indicators (industry benchmarks) which would they be? On 13:19:08 1 April ...
            • RE: Compendium of Industry benchmarks (jungle.com), Alex Chudnovsky, 1 Apr 14:23
              >If you were to select 5 top line KEY performance >indicators (industry benchmarks) which would they be? All of them and some more I omitted:-) But if you insist then my m ...
              • Philosopy and productitivty, silversurfer, 1 Apr 15:17
                I see - my last point on this ;-) So the aim of each business is to manage these numbers, are we clear how this should be conducted? Which department has critical dependence – ( ...
                • Philosophy and productivity -, silversurfer, 1 Apr 15:22
                  Philosophy and productivity - sorry typos.. On 15:17:18 1 April 2003 silversurfer wrote: >I see - my last point on this ;-) > >So the aim of each business is to manage these ...
                • Philosopy and productitivty, Alex Chudnovsky, 1 Apr 22:49
                  >So the aim of each business is to manage these numbers, >are we clear how this should be conducted? Unlike math this industry is too young to have something definate and cert ...
                  • 5 Phase planning, silversurfer, 2 Apr 11:10
                    That’s all very interesting stuff. I think you hit on a very good point here - this business sector is NOT a science and it need not be - but many have tried to make it so. Whil ...
                    • 5 Phase planning, Alex Chudnovsky, 3 Apr 09:23
                      >I think you hit on a very good point here - this business >sector is NOT a science and it need not be - but many have >tried to make it so. I don't think its wrong to think ...
      • RE: Compendium of Industry benchmarks (jungle.com), Martin Wright, 1 Apr 18:42
        Very interesting stuff, in particular the uplift you got with your 'unique' targeting. I have been trying to quantify the uplift companies have got by using viewing history as ...
        • RE: Compendium of Industry benchmarks (jungle.com), Alex Chudnovsky, 1 Apr 23:01
          > Very interesting stuff, in particular the uplift you got with >your 'unique' targeting ;-) It was unique to the best of my knowledge, some things get developed at the same t ...
    • Customer Acquisition Costs by sector, Ashley , 24 Apr 14:37
      Just came across a piece by Howard Seibel, Managing Director of Wharton Strategic Services which gives sample customer acquisition costs from various sources across the following s ...
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