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Re:What a startup can learn from a 125 year old business by diminish on Tuesday November 13, 2012 @08:31AM (#4777833)
The usual good recommendations; "be a polite listener of your customers by targeting their satisfaction". that simple advice repeated again and again everywhere turns out to be the key for any startup to get traction.
Re:What a startup can learn from a 125 year old business by jtrauner on Tuesday November 13, 2012 @08:03AM (#4777732)
great article, however: the concept of conversion rates can not be applied to retail business.
Re:What a startup can learn from a 125 year old business by grexi on Tuesday November 13, 2012 @08:18AM (#4777778)
You should count the people which look at your store, too. The conversion rate will be much less than 95%.
Re:What a startup can learn from a 125 year old business by adrianhoward on Tuesday November 13, 2012 @12:05PM (#4779027)
Go talk to some folk in retail - they'll disagree ;-)

Conversion funnels. Split testing. All happened in retail long before all this new fangled on-line nonsense. In fact retail optimisation is fascinating stuff. It's a few years old now but 'Why We Buy: The Science Of Shopping' by Paco Underhill is a great read.

If you ever get the chance to chat to folk who do data mining for store chains do so. They have fascinating tales to tell.

Re:What a startup can learn from a 125 year old business by perssontm on Tuesday November 13, 2012 @01:20PM (#4779569)
Indeed, I've heard they tried using nfc's on customer baskets to track their movement around the store and see where they stop and for how long. Very interesting.
Re:What a startup can learn from a 125 year old business by perssontm on Tuesday November 13, 2012 @08:06AM (#4777745)
theres just less bots visiting stores than websites.. ;)
Re:What a startup can learn from a 125 year old business by wtvanhest on Tuesday November 13, 2012 @08:37AM (#4777859)
Well, for now.