Archive for the ‘Ecommerce’ Category

Should You Use A Smartphone To Run Your Online Business?

Monday, January 10th, 2011

If you run an online business, or are at least trying to run an online business, you must have felt the urge to buy a smartphone such as the new Nexus S by now. Being able to check your emails, calculate your tax return, call your clients, shop for merchandise and perform thousands of other tasks all from the palm of your hand is, indeed, handy.

There are advantages to be had from working with a smartphone. Apple’s iPhone, Google’s Android and RIM’s Blackberry are all fantastic business tools, but for small online businesses, especially those with just one or maybe two employees, they can be a recipe for disaster.

Security Risk

With the opportunity to cram a ton of information, including all your passwords for email accounts and potentially information about your company’s business merchant account etc, onto your smartphone, losing it is a disaster. Imagine leaving your briefcase with the keys to your office in it, along with your every conversation by email and text message, links to all your favourite websites and pictures of your kids too.

To be safe, you need to have a separate work and personal phone. Plus you should purge your phone at least every week to keep it clear of too many emails, and you should never save your passwords, no matter how annoying it is to type them in every time. Having a password to access your phone is a good idea too.

Signal + Battery Power

All the power of your super smart phone can be brought crashing down by a simple tunnel. You don’t want to be on a crucial call only to lose signal or power. This not only looks unprofessional to clients, it can even cause you to lose business and sales if your business requires a response from you via your phone.

Restricting the use of your smartphone as a main point of contact to periods when it is just unavoidable will save you from any of this. People will trust you more if you call them from a landline anyway and you will be in a better position to use a computer while on the phone too.

Concentrate Less

Having all your business calls and emails coming through your palm sized unit can force you to have your nose in your phone all the time. This is not only uncomfortable; it is annoying for your friends and family and does not paint a good impression for clients.

The answer is no! Having a proper station from which to run your online business will always be much more efficient and comfortable than using just a smartphone. Smartphones are great devices and can really help your business, but restricting yourself to one portal is madness.

As a leading payment service provider, we at Lancore know a thing or two about security and the smartphone route of business simply isn’t secure as your primary means of running your companies comings and goings.

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5 Things You Need To Have On Your Ecommerce Homepage

Monday, January 10th, 2011

Ecommerce HomepageOpening an ecommerce website is a lot like opening a high street shop. You can’t just throw all your merchandise on the floor and stick a cashier at the back and open the doors. You need to seduce your customer, you need to offer incentives, you need to make it easy for them to find and move around inside and you need to show off you products effectively.

If you currently have or are currently building an ecommerce store, there are a number of elements which you really should have in there somewhere to give your online business the best possible chance of success.

Translator

If you hope to attract more than just a small percentage of the world to your website you really need to have a simple, obvious and reliable translator in a prominent position on your homepage. This should allow anyone who arrives at your site to instantly translate your page into their language so they can start to interact with you website.

USP

Having a unique selling point is a real must for any ecommerce store. Why should a customer pick your products over your rivals? Are you cheaper? Do you have unique products? Do you deliver after 7pm? Whatever your specialist subject, you need to stamp it front and centre on your homepage so people who arrive immediately think: ‘I’m going to buy from this site because…’

Featured Products

A key thing to include on your homepage is a collection of your best selling or featured products to give customers an idea of what you sell at a glance, to show off your best stuff and to encourage people to click on something to take them deeper into your website and hopefully down your sales path.

Home Button

A very important button to include through your whole site is a ‘home’ button. This can often be replaced with your logo though. Either way this is important to allow people the chance to escape back to the start of your site if they feel they are lost. It is better to let them start again than to trap them as this will only force them to leave and never return.

Clear Navigation

Keeping your navigation on your homepage and throughout your site is incredibly important. If you don’t make your navigation consistent and intuitive you will lose lots of customers. Provide things ‘megamenus’, ‘breadcrumbs’ and a sitemap to allow customers to never be more than a couple of clicks away from any one section of your site.

Quick and Easy Purchase Process

Ok, so this makes six things and it isn’t exactly just about the homepage. The process through which your customers make a purchase is vital none the less. As a payment service provider Lancore knows how vital it is that you can assure your customers of the security and reliability of your payment gateways. It’s important to provide some kind of assurance within the purchase process of how secure your customer’s details are.

Get these all sorted and your site will be heading in the right direction.

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How Important Is Twitter To Your Online Business?

Friday, January 7th, 2011

It all depends on you really…

A recent survey in the US, found that currently, 8% of online Americans use Twitter. The report produced by the Pew Internet & American Life Project is the latest in a line of interesting stats coming out of Twitter this year. This survey of 2,257 US adults carried out in September 2010 highlights (despite the relatively small sample size) the 8% that use it, but more importantly highlights the large amount of people that use it, but only very occasionally.

For a payment service provider such as Lancore, respect in the market is vital and as such social media interaction can allow us to develop alongside potential users of our money transfer services. This same basic model can be extremely useful for the vast majority of online businesses (big and small) in creating the kind of interaction that promotes them in this multi-million user marketplace.

While the US may be seeing a relatively lower than expected usage statistic, but no less impressive, the fact is that the rest of the world makes up the majority of new users. With overall user numbers skyrocketing up to 105million+ since 2006, you can take your finger off the ‘delete twitter account’ button for now. Stats released by Twitter at their developer’s conference back in April should convince you that Twitter is a valuable place to post your information:

  • 300, 000 users added per day
  • 180 million unique visitors daily
  • 3 billion requests a day – meaning a lot of tweets are read
  • 55 million Tweets posted daily
  • 600 million queries on its search engine daily

These stats should give you an idea of just how popular Twitter is. Now the question was: How important is Twitter to you online business? The answer, as I said, depends on you. Basically if you are able to post regularly, provide good unique content or at least link to or re-tweet relevant content for you business, you will eventually grow you followers. With enough followers you business will have a handy platform from which to speak to your customers through a popular and easy to use medium.

Twitter Analytics is a new dashboard coming around the end of 2010. This will give you access to valuable information on your users that can help you track: who has re-tweeted your posts, how often they have re-tweeted and any mentions, follows and un-follows. You can also track the success of an individual tweet which would come in very handy so you can work out what kinds of information your business is putting out there, is being gobbled up by your users.

Twitter is a steadily growing social medium. Online businesses might sit and look at the stats here and there and question whether or not to start a Twitter account or to delete the one they have due to lack of inquiries from that source. The fact is that you may just be ‘tweeting’ the wrong sort of thing. Using Twitter Analytics can help your business optimise your tweets so that you can tap into the billions of tweets being read every day around the world.

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Will The WikiLeaks Data War Affect My Online Business?

Friday, January 7th, 2011

Payment companies Visa, MasterCard and PayPal have all fallen victim to digital attacks at the beginning of December due to their withdrawal of service to WikiLeaks. A group of online campaigners, under the name Anonymous have been behind a series of distributed denial-of-service (DDoS) attacks on the company’s websites after they stopped serving WikiLeaks in the wake of its release of classified US embassy cables. A DDoS attack basically bombards the target website with page requests to the extent that the site can’t cope and crashes.

If you have an online business which receives payments through Visa, MasterCard or PayPal payments via an internet merchant account you may be quite rightly worried by this digital war being fought and its effect on your business. Having payment companies websites crash will have many thinking their transactions will be lost, their information hacked or their accounts erased. Indeed, Visa, MasterCard and PayPal’s websites did crash:

MasterCard – Observers claim corporate website down for about 6 hours. MasterCard confirmed some disruption in web services. They stated that no customer account information was at risk.

PayPal – Confirm DDoS attack and that their services were down for half an hour.

Visa – Not confirmed by Visa but claimed by hackers. They have stated however that there was no effect for online retailers.

While it seems that these big name payment companies have stood up to the attack, the true extent of the damage will perhaps never be known.

Anonymous, the groups behind the attacks are standing up for freedom of information and to campaign in order to keep the internet open and free. They also consider pressure from the US government was behind these payment companies’s withdrawal of service. Amazon, who originally hosted the WikiLeaks site, is also reported to have been attacked. As was Sarah Palin’s website after she spoke out condemning the WikiLeaks releases and the DDoS attacks.

The latest move by the Anonymous group has seen them releasing a voluntary botnet download tool which signs users up to an army of machines which work together to launch digital attacks. While this sounds sinister, the reasons for this action must be remembered as the aim is to disrupt the card companies and not affect account holders in any way.

Nevertheless, Lancore is happy to be one of the few payment service provider companies to have a globally recognised ‘Advanced Fraud Protection System’ which makes the chance of any of their account holders being affected completely impossible.

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What Could An East London Tech City Mean For UK Business?

Thursday, November 18th, 2010

London BusinessWith companies such as Google, Facebook, Cisco, Intel and British Telecom all expressing an interest in a newly proposed ‘silicon valley’, now would seem like a great time to be doing business in the UK. The proposal, pitch by PM David Cameron, is based in and around Shoreditch and the Olympic Park in London and is aimed at encouraging a swath of new innovative companies, as well as big name technology brands to set up shop in the UK at a new purpose built global hub.

The site will be developed by the Olympic Park Legacy Company whose job it is to make sure all the buildings and land set aside for the London Olympics are used most effectively after the games.

The prospect of so many big firms coming to the UK is not only good for the UK private job sector and the dwindling public sector but is great for business for every UK company (unless you are in direct competition with an incumbent of course). Having the UK technology sector boosted will look good for the UK as a forward thinking high tech nation, meaning that more and more customers will look to the UK for other types of business too.

Let’s say you are a shoe selling business. Not only will you have a host of new technology innovators on your doorstep to help you develop your business if you wish, you will be in a place which is potentially now known as one of the best places in the world for business. What’s more, people who buy your shoes will tell their friends in other countries, who will be able to buy your shoes online and have them delivered anywhere in the world.

This of course will require the help of another technological innovator: Lancore! With our advanced payment gateways your business could be at the forefront of your industry online as Lancore can provide you and your customers assured secure online credit card processing. What would someone expect from the country soon to be on the cusp of the most modern technology?

The point is that anything attracting big tech businesses to your country is a good thing for your country as a whole. So thanks to the cuts in government spending, you and your business could be in line for a real shot in the arm thanks to the private sector, which is expanding to compensate.

The only worry for David Cameron is that if the big names don’t move to the Tech City, it could have the opposite effect on UK business. With this hopefully unlikely, especially as he claims that there has been “overwhelming” interest in the project, we could be in line to have our country turn into one of the “world’s greatest technology centres” before our very eyes.

Excited? You should be…

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How Moving Online Will Ensure You Make It through These Tough Times

Tuesday, November 16th, 2010

Lancore could well be your financial saviour.

If you think BP had a tough time, look at some ‘brick and mortar’ businesses in your area which have gone bust. While BP has recently come out of their oil spill disaster and is now back in profit despite the terrible press they received, most businesses aren’t so lucky. BP of course has incredibly deep pockets and a product that many people can’t live without.

If you don’t have a few billion saved up somewhere and your product isn’t quite as desirable as oil, you may be concerned about how your business will fair in the next few years. Well, one way to give yourself a real chance of staying in profit in the future (while your competitors fall by the wayside) is to move online.

Customer Retention

With a great website and a strong brand you can ensure that all your customers can stay in touch with you even if they don’t feel like going down the high street. Lancore can ensure that their payment experience is second to none and that you will be able to keep track of all their online credit card processing with ease. Being able to retain the customers you do have is key to staying afloat. Get your website sorted and get the word out about it.

International Appeal

With half the world online now and people less worried about buying products from overseas, being able to sell your products to anyone in the world is of great benefit. This is another facet of ecommerce that Lancore is good at as we have international coverage and can let you take payments from anywhere in the world and in a wide range of currencies. You can also translate your website automatically into lots of languages with a few simple plugins, turning your business from a local one into a multinational one in no time at all.

Solid Foundation

Having a website for your business with solid payment gateways gives yourself a excellent chance of survival. It is actually not uncommon for online sales to overtake those from your shop (or equivalent). This means that if you need to free up some collateral you can move your business to run entirely online and sell your physical assets. It may sound drastic now, but when you see your regular report from Lancore and compare it to the takings from your shop, you may begin to understand.

Keep your business alive…get online now!

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What Does Google Suing the US Government Have to Do With Your Business?

Tuesday, November 16th, 2010

Google LawsuitIn a bold move, Google has decided to sue the US Government because they feel they were unfairly excluded from a $58m contract to over haul their email systems. The law suit says that Google feels the terms of the contract make it impossible for them to offer their products; despite the fact it was told there would be “full and open competition “ and its ‘Google Apps’ could provide an equal if not better service. Google was supposedly told that only Microsoft’s business software could be used. Google had produced a special version of its apps for government systems to address all the security issues, but the Department for the Interior claimed the product did not comply with their security requirements.

Google is not happy.

But what does all this have to with you and your business?

Cost

One of the major arguments Google has lead with, after the apparent favouring of Microsoft, is that their system would cost a lot less than that of Microsoft. With 88,000 staff the Department for the Interior, a few dollars saved on each unit could make a big difference. This saving could then be passed on to citizens and businesses. Also, you may well have a business that interacts regularly with the Department of the Interior, so you may be forced to take up a compatible, more costly system to stay in business.

Competition

One of the main things Google is doing this for, (and let’s just agree that they don’t need the money) is to stand up for fairness. If Google really does have a superior product, and the agency just chose not to bother changing their provider or something, surely this is setting a bad example for all business ethics across the country. If the government doesn’t need to be fair, why does any business need to be fair? Google is standing up for your rights as much as their own.

Certainly, a level playing field is something that Lancore strongly agree with. We strive to provide the highest quality of online credit card processing to all our clients with the most secure payment gateways. How fair would it be if we reserved a better service for ‘privileged’ customers? Allowing a business to have unfair benefits within an industry is something that has cropped up in legal battles for Google and Microsoft in the past.

Customers

The real story here is not Google suing the US government, its Google’s immortal battle with Microsoft. This battle holds no bars, has no rules and is only after one thing above all: more customers. If Microsoft is seen to win in this situation, some customers (88,000 in fact) will use this at work, and then will probably use them at home and show them to their friends. If Google can use every weapon in their legal arsenal to get those customers, it will.

Would your business choose Microsoft or Google? Do you know what your customers prefer? Knowing your customers and if they prefer one system over another could well be a key to more sales.

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Top 3 Ways Lancore Will Affect Your Online Business?

Friday, October 15th, 2010

Business SuccessWhen you open an online business or make the wise decision to move your business online, you will need a partner who knows how to handle your money in a fast, reliable and professional manner which allows you to relax safe in the knowledge that all the hard background work is being done for you. That way you can focus on what you started a business for in the first place.

Working with Lancore by your side, you will open up a host of opportunities which would be impossible to manage on your own:

Increase Your Sales

Lancore’s global payment gateways are part of a cutting edge system which links your business to countless banks around the world. If you thought you were making money, just wait until you have orders coming from all four corners of the planet. That’s over 6 billion potential customers and with the world going online and mobile, the opportunities which having a strong payment gateway provides are too good to miss.

With solutions for every kind of online payment for every kind of business from small one man operations all the way to large ecommerce companies, you will give your business a huge boost and maximize your profits in no time at all, by getting in touch with Lancore.

Open You Up To New Markets

Having a business can be an extremely rewarding endeavour but how often have you wished you could spread your empire further afield. Lancore can help you spread your operation not just to the outskirts of your town, but all the way around the world. The relationship Lancore has built with international banks has given them the tools to give your business global reach. Multi currency transactions are just part and parcel of Lancore’s services.

Secure Your Money

Dealing with countless banks and customers transactions can be a struggle for even the most accomplished businessman. What Lancore promises, is to provide you with the most secure, most reliable financial money transfer services available online. Their servers are the Fort Knox of online security with multilayered encrypted data to ensure that when you join forces with Lancore, you will be sure that your future is safe.

The bottom line is that Lancore’s range of services will help you make more money for your business. Their innovation and technical prowess shines through starting with their customer service all the way through to their final product.

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It’s Never Too Late to Add Features to Your Website

Thursday, October 14th, 2010

Website FeaturesWhen you look at your website what do you see? A business card you are proud to direct your potential clients towards? A valuable platform which reliably sells all your products? A shaky place where you are either too scared or too technologically unsure to change anything for fear of erasing the internet? However you might view your website you may not have changed anything or have even touched it for a while. Time to act!

The best thing about online businesses compared to brick and mortar premises is that when you want to expand you don’t have to knock down walls, get planning permission or call in an architect. Your online presence can be boosted in a number of ways without too much hassle. With the rate at which online commerce is accelerating, if you want to keep up with your competition you need to be constantly evolving your website. Here are some things you should be thinking about…

Online Payment Service

Obviously Lancore knows a thing or two about online credit card processing. As well as having a host of other very useful online business tools which can massively increase the profitability of your website, Lancore is the perfect company to help you start taking credit card payments directly from your website. They take all the hassle out of taking payments and provide you with regular reports, full security and professional advice. Without this service you will be lagging way behind your competitors.

HTML 5

Upgrading your website to HTML 5 will open up video and audio to your visitors with ease. If you are currently operating in the older version of HTML you will have to ask your visitors to install a plug-in in order to play a video, but with HTML 5 visitors won’t have to do this. Being able to grab your visitors long enough for them to make a purchase should be your goal. Video is an excellent way of doing this. Look into it now…you know it makes sense.

Social Media

There is no escaping the social networking revolution. If you haven’t done so already it is important for you to start building a social brand now. Starbucks for example appreciates the erosion of trust felt between customers and big businesses over the last few years and has worked hard to focus its main advertising push through social networking. Facebook and Twitter are a good place to start. Remember: your company needs friends on both side of the business divide. Otherwise your payment gateways might end up with more cobwebs than a witch’s cauldron.

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How to Get Your Online Business on Twitter and Why?

Thursday, September 30th, 2010

Social NetworkingYou may have one of the best websites in the business, with all the latest Flash functionalities and interactive charts rinsed through your site, but if you don’t have an active Twitter account for your business you are already missing out on a significant number of potential customers.

Why Get Twittering?

Twitter has approximately 75 million users worldwide. While this is some way behind Facebook’s over 400 million users, 75 million potential customers is not to be sniffed at.

Once you have an account you can directly interact with your customers and provide them with direct links to deals, promotions and offers.

By providing unique and interesting insight into your products and services and not just doling out offers, your customers will feel more involved with your products, even if they haven’t purchased them yet.

Twitter has just updated its format, allowing you to not only post tweets, but to post videos and images and other interactive content thanks to their partnership with the likes of YouTube, DailyBooth, TwitVid and USTREAM. This provides you with an incredibly immediate and direct way to provide compelling content for your potential customers. The new format will also entice more people that don’t even intend to Tweet messages to sign up with Twitter just to be part of the relentless newsfeed.

How to Get Twittering?

So first things first, you need an account. Go to www.twitter.com and Sign Up. Add a picture and select a user name. Either make the account personal or have it as a company account. I would suggest having more than one account and more than one person tweeting about different facets of the company, as well as a company one handing out offers and promotional stuff.

Next, use Twitter Search to find out who is talking about your company or your name and other words related to your industry. Build up a following and become a follower. A good balance usually works best.

And you’re off! As explained above, try to have a good mix of company sales info and personal inner office info and personal stories from employees. People like to feel emotionally attached to a brand and by showing off your happy and involved staff you will help people to view your company in a more appealing light.

With Twitter and other social networking functions incorporated into your site, as well as a good solid payment service provider, business merchant account and reliable payment gateways, you will be able to use your new Twitter account to encourage sales from some places in the world you never even considered.

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