Posts tagged: strategy

How NhomMua.com leads Vietnam Groupbuying market

By , December 20, 2011 10:20 am

NhomMua statistics as collected by DealCuaTui as at 20.12.2011

  • Revenue VND 240.5 billion
  • Market share 36%
  • Highest revenue per month except for June, September and November 2011

Other statistics

  • Over a million vouchers sold
  • Brand equity is among top 2 in the market
  • NhomMua is recognized to feature the top merchants by many buyers

How they do it

  1. Strategic partnership: Rebate Networks which specializes in Groupon cloning
  2. Extensive investment in advertising
  3. 360o advertising: web banners, building LCD, elevator LCD, coffee shop LCD, taxi LCD. They attempt to cover a person’s full day with their brand
  4. Strong sales team aiming to win the top merchants. Merchant quality is one key factor to retain customers
  5. Signing exclusive contracts with merchants to block other groupbuy players
  6. Win the market to attract investment
  7. Utilizing DiaDiem’s infrastructure data for delivery logistics
  8. Office design that forces sales team to the streets

What about profit?

For a loss leader strategy like that of NhomMua, immediate profitability is not their top priority. Maybe they’re betting on market position and surviving the competition.

Competition?

High competition from Hotdeal, MuaChung, CungMua, and Everyday.

What next?

With the infrastructure and attention on hand, they may launch:

  • e-Commerce service
  • Logistics service
  • Social shopping service
  • Mobile shopping and other mobile apps

NhomMua and NhacCuaTui’s birthday. Photo from vnExpress

Vietnam e-Commerce and e-Payment, 2012 Outlook, Open Consultant Offline December 2012

By , December 19, 2011 10:22 am

I gave a presentation on “Vietnam e-Commerce and e-Payment, 2012 Outlook” at Open Consultant Offline December 2012.

open consultant offline December 2011 vietnam e-commerce e-payment

You can view the slide here.



The live feed of the event is here

More information to be updated.

Yahoo! 360 officially dead & the impact

By , May 29, 2009 11:58 am

Yahoo! 360 is officially announced to be closed on 13 July 2009.

The impact this movement has:

Users

4 million users worldwide and 2 million Vietnamese users lose what they call “home-base”.

Vietnamese bloggers had long equate “blog = Yahoo! 360“. The closure will change that perception.

Where are they moving to

I have noted down my prediction on Kevin’s blog here.

I have personally moved most of my social graph to Facebook.

Yahoo!

Competitors

The global forces: Facebook is climbing Alexa Vietnam rapidly.

Local competitors: good news?

Ecosystems

There are two ecosystems in Vietnam on Yahoo! 360: 360themes and LinkHay feed. They will be heavily affected.

How about you? What impact will the closure have on you?

Is Yahoo! building the Hall of Yahoolla?

By , April 6, 2009 11:39 am

Yahoo! is concentrating on their Open Strategy; the focus is good, if they don’t abandon the particles that form a platform.

My metaphor: the Hall of Valhalla and the billboards

Imagine you’re a college student. You’re going to the library. On your way, a billboard is hung just around the corner before you reach the library.You stop for a few seconds to skim around the messages. The billboard is typically normal as in every school and at first it looks somewhat messy; however it is messy in its own order and as you figure through, you’ll know what you need.

Basically there are 2 things:

  • It is convenient: on people’s way of achieving something (going to the library)
  • It has its own order

There are various billboards like that across the campus. All good ones have the 2 characteristics above.

Now, the authority decides to build a hall where all the billboard is going to reside. The hall is separated from other buildings (library, computer labs, class rooms, sport grounds, common rooms…) for it to be easily managed.

How often will you drop by the hall of billboards? To what extent will the hall add values to your benefits? To what extent will the hall add values to the posters?

The hall will desert. People will scarcely visit. The values will drop.

Now, let’s go back to Yahoo!’s case.

Hall of Valhalla

Yahoo!’s Hall of Valhalla Yahoolla

Users are billboard viewers. Developers are billboard posters.

Yahoo! 360 which will be closed was a billboard of contents. Yahoo! Mash which had been closed was a billboard of relationships. Yahoo!’s Open Platform in which Yahoo! Profile centers is the Hall!

Yahoo! Open Strategy Platform

Image from Neal Sample & Cody Simms’ presentation

Without particles, how can an open but blank platform attract users and developers? How will Y!OSP add values to users?

Now, extending the boundary a bit further to other services that Y!OSP supports: Twitter, Tumblr, slideshare, StumbleUpon…

Yahoo! is leveraging its greatest user base: Yahoo! Mail. The prospect is that Yahoo! Mail users can manage different services from their Inbox! Additionally, users have their Yahoo! Profiles.

However, how willing are users going to stay in one place to get updated of all these services? If they do, they miss out the most, name it interaction or content, from going directly to the other services.

The Hall that Yahoo! is building will be a grand, titanic, ordered silo. The biggest question is: what will users find in there?

The Wisdom Yahoo! has been equipping Vietnamese users with

By , February 1, 2009 4:31 pm

Introduction

“Yahoo!” almost equals “Internet” in Vietnam.

Yahoo! Messenger, Yahoo! Mail, Yahoo! 360 and Flickr are the four products that lead the market. While Yahoo!’s email market share has slowly been sucked up by Google, all four of them are still dominating. We also talk about Yahoo! 360 Plus and Yahoo! Profile here and there but these 2 shall be covered later.

What’s good about it? The good thing is that the majority of Vietnamese Internet users share the same type of knowledge offered by Yahoo! products.

…which I call Foundation Wisdom.

These might be very obvious and basic. However, I want to list them in a clear manner to reuse them as premise for further brainstorms and discussions.

Foundation Wisdom

1. Free

Just don’t underestimate this point. My director in his fifties was amazed by the fact that there are so many good software for free (he was mentioning Facebook) and my father hadn’t believed in a free thing before I explained how new advertising worked to him.

Now that the younger users (GenY) are used to having things for free.

2. Tolerance to ads

Wow a good thing. They don’t mind seeing ads on their Yahoo! 360 pages or Yahoo! Messenger, so won’t moan about advertisements flying on new sites.

3. Simplicity in achieving a goal

Product makers shouldn’t confuse simplicity in achieving a goal with simplicity in design. We are familiar with praising Google and Apple’s simplicity in design, but what I’m discussing is how simple it is for users to achieve a goal when using your service, especially for the first time.

What is the goal with Yahoo! 360? Write blog entries, read updates, comment, write quick comments. And that’s all. 360 makes it simple for them by offering simple features.

4. Customization

Users love design customization offered in Yahoo! 360 and wishes to see that in any other site.

5. Concepts

Guest book

Users are used to using guest book (or quick comment in 360) as the communication channel.

Confusion: blog and social network

I bet many users are confused between a blogging platform and a social network if they ever care.

Confusion: add friend, follow and subscribe

Many users wouldn’t bother distinguishing “add friend”, “follow” or “subscribe”. 360 offers “add friend” and “subscribe”. 360plus offers “follow” and “subscribe”.

Testimonials

Users are accustomed to writing testimonials for one another. While the initial intention of testimonial is to recommend good attributes of the recommended, many have used this feature to simply express their fondness toward one another.

But nevertheless, they’re familiar with this concept anyway.

Status

Status has always been offered by Yahoo! Messenger. But it takes off with Yahoo! 360 blast. Users don’t only update their status on the blast but utilize it for many short contents: quotes, life philosophy, messages…

It’s a good thing that creativity is encouraged.

Embed

Yahoo! 360 allows media embed and it is a great thing that this rather advanced feature has become known by users.

6. Language

Users are used to a set of languages in Yahoo! products.

i.e. “Quick comment”, not “Wall” or “Scrapbook”. “Testimonial”, not “Recommendation”.

7. Contents

Personal and emotional

Many Vietnamese users use 360 for personal purpose and chiefly write about their emotions and relationships.

Page view

Many write for page views and use page views as the only metric to measure success of contents.

Celebrity gossips

Some of the hottest blogs in Vietnamese attribute to hot news that center celebrity gossips, sex-related topics.

Briefly, how to take advantage of this

1. User education doesn’t have to start from scratch

Make use of their current knowledge. Build your education on that.

You can even set an ego gift for your customers. Make them feel like after using your service, their level of technological insights has been improved. This, firstly, makes them feel good about themselves. Next, imagine your users proudly educate others about a new service and become a guru in their friends’ eyes. This further boosts their satisfaction.

2. Make it simple for users to achieve their goal

Good, no need to throw advanced features to users in the first launch. What needs done is the core feature(s) that bring(s) most values to users.

Rule of thumb: users’ patience toward complexity proportionates to the value of the goal to them.

3. Colorful design and profile layout customization

Colorful design is a must. And being colorful is not mutual exclusive to simplicity.

While customization is not relevant to some types of services such as social news, it’s recommended to provide the ability to customize one’s profile.

4. Language

Exploit the set of language from legacy Yahoo! products.

5. Concepts

Exploit the set of concepts from legacy Yahoo! products. If you have to introduce new concepts, find way to introduce it with the language users are familiar with.

6. Make it personal and emotional

7. Don’t (have to) host contents, but be a platform to spread contents

Good is embed exists. Better is users are familiar with it.

What it means here is that you don’t have to host original contents, but need to build platforms that media can be embedded in and focus on how to allow such contents to be spread on by your service.

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