Posts in Ecommerce

Ticket reseller Seatwave attracts $8m in funding

Seatwave, a UK website which provides a marketplace for fans to buy and sell second hand tickets for concerts. theatre and sports events, has received $8m (£4m) in Series B funding.

The funding was led by Mangrove, and managing Partner Mark Tluszcz will join the Seatwave board. Also investing were German entrepreneur Oliver Jung and Atlas Venture, which had previously invested $3m (£1.5m) in a first round of funding last year.

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Shopping traffic from Google, MySpace balloons

An increasing amount of traffic to e-commerce sites is coming from Google, according to new stats.

The proportion of visits shopping and classifieds sites received from the search engine almost doubled from 8.7% in May 2006 to 15.55% last month, Hitwise US reported.

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Etsy stages crafty e-commerce classes

Etsy, a website that turns painters, seamstresses and cushion-makers into online retail mavens, is holding e-commerce classes with a difference - they're all in the real world.

Launched in 2005, the site allows members to buy and sell handmade items from individual storefronts and has become regarded as an eBay of sorts for the crafts world.

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Lala launches free streaming music service

Silicon Valley startup Lala.com has just gone live with an alternative plan to encourage music downloads. 

It is offering free, on-demand streamed music through its site in the hope that enough users will buy CDs and download tracks to make it profitable.

Lala.com

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Amazon increases its investment in China

Amazon has expanded its investment in Chinese Internet company Joyo.com, which the company bought for $75m in 2004.

Chief Executive Jeff Bezos told the Wall Street Journal that Amazon would invest more capital into China, where it trails behind its biggest local competitor, Dangdang.com.

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Establishing trust in the buying process

Establishing customer's trust is essential in online retail, there are plenty of reasons why customer may be reluctant to buy online - reports of online fraud are enough to dissuade many people from shopping online.

While nothing is guaranteed to make customers trust your website, there are many things which will damage trust, and trust is very difficult to re-establish once it is damaged.

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Online shoppers want more information

Providing customers with plenty of information during the buying process can help convert more browsers to buyers, according to a new survey of US web users.

Harris Interactive's Online Retail Report (pdf) surveyed 2,873 US adults, finding that 48% of respondents have increased their online shopping habits.

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Lastminute.com founders to launch new site

The co-founders of Lastminute.com, Brent Hoberman and Martha Lane Fox are reuniting for a new web venture - an interior design website.

Mydeco.com aims to become a one-stop shop for people who want to redecorate their homes, selling furniture and other items, as well as giving help and advice.

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Online retail market 'to triple in five years'

Another day, another piece of research focusing on the growth of online shopping.

Retail analysts Verdict Research say spending by online consumers rose by a third in 2006, and is set to triple over the next five years.

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Six ways to improve online experience

There has been much discussion and comment recently about the quality of online customer experiences. Even small companies, run by specialists in their chosen field, need to provide a good online experience if they are to capture a share of the rapidly growing online spend. 

Here’s my novice's guide to improving the quality of your online experience... 

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LynkU nets funds for site expansion

LynkU, the UK-based shopping search site, has raised an undisclosed amount of first-round funding to expand its range of services.

The search engine, formed in December 2005, offers a shopping tool with positional features designed to connect shoppers with local retailers.

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Trulia raises $10m in funding

US vertical property search engine Trulia has raised $10m (£5m) in a third round of funding led by Sequoia Capital. The company has now raised $17.7m (£8.9m) to date.

Trulia

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