Shill bidder cops a $US475,000 fine

It’s good to see eBay fraud dealt with in the USA – though the scale of it boggles the mind. A jewellery company placed an amazing 232,000 ‘shill’ bids on their own auctions in just a year… …and got caught. That’s the problem with committing fraud online – you leave a very easy trail to …

Maestro and Triplejump – more work required

Rod Drury points us to start ups Maestro and Triplejump. Good to see these new sites up and running – well done… But please – go buy the book “Don’t make me think” and apply the learning to your websites: Let’s start with Maestro: now – quickly. What are you meant to do? What does …

eCommerce is slow to launch in Australia

Right on cue (after the last post graphically showing the lack of a non-Trade Me eCommerce industry) comes a quote from the head of eBay Australia lamenting the same issue in Australia: eBay Tells Retailers To Focus On Online Operations “Major Australian retailers are falling behind their counterparts in other markets in the area of …

NZ Retail stats: How is Ferrit doing?

I’ve updated the New Zealand Retail site daily stats referred to in a previous post. Once again it is Nielsen NetRatings data, for domestic traffic. First and foremost- Trade Me is still the only online retailer in New Zealand (aside from airlines) Let’s look at that by hours spent on site – this is Unique …

Amazon shipping… more thoughts

To close the loop on earlier posts – the last of my 19 packages containing 22 books arrived shortly after the rest. Isn’t that a sight? They all came from the same US address, albeit a different one than the other books. None came from Germany – which has happened often in the past. Actually …

Local coverage from afar: Outsourcing journalists

From Rodney Van Meter via Dave Farber’s IP list, here is news that could make local news reporters nervous: “The website Pasadena Now, a local online news source, has created a stir by hiring a couple of reporters to report on Pasadena City Council meetings. Why the stir? Well, the reporters live in Mumbai and …

Xero – to invest or not – again

There has been some good discussion around the traps about Xero’s IPO. As I whizz to my plane I’d like to pop some more things into the mix: 1: The emphasis on SAAS to me is missing the point. The USP of Xero is its promise to reinvent the usability and the approach to processing …

Xero – projecting numbers

Jim Donovan’s En Avant suggests that picking Xero’s customer number is the same as picking Trade Me’s. Not so. Picking Trade Me’s potential customer base was not that difficult. Trade Me is in a winner take all geographically constrained C2C game. Once they were ahead it was pretty easy to make assumptions about how many …

Xero – to invest or not

Everyone seems to be talking about Xero – and I’ve been fielding a lot of ‘should I invest?’ queries. So here is what will now be my standard reply: Do your research. This is a low dollar early stage investment that would normally be offered to an Angel or Venture Capital investor. That means the …