February 20, 2007
Ferrit is taking a kicking at the moment, from all directions.
Lance has several recent posts:
(remember Lance, three posts in a row is a rant, four is a crusade!)
Over the weekend Sam predicted that the site would be toast within 30 days of the new Telecom CEO being appointed (Dominion Post, Sat 17 Feb).
Even the mainstream media have caught on:
If the numbers that Lance quotes are correct then it must be a pretty depressing place to be working at the moment.
It’s a bit premature to perform a post-mortum on a still-warm corpse, but …
Whenever they talk about their product they always seem to focus on the size of the opportunity and how much money they think they can make:
Ralph Brayham thinks the New Zealand on-line retail market is under developed, saying that in the US 5% of shopping is done over the Internet, with this number reaching 10% in the UK, but only $200 million is spent on-line in New Zealand.
I’d be much more optimistic about their prospects if they were instead saying something like:
We think that it’s too hard for kiwis to find somewhere to buy the things they want on-line. We believe we can solve this problem by providing a kick-ass search engine and shopping cart all in one place, and making it easy.
That would at least indicate that they were approaching things from a users perspective and trying to solve a problem.
Of course, even if they were saying this sort of thing they’d be wrong.
Here is a quick experiment using three of the products featured on the Ferrit homepage this morning:
How hard is it to find somewhere to buy these products online from a NZ supplier?
Using Google (a well known and trusted brand, no?) …
Search for “Shuttle SN25P”, and the fourth result is The Computer Lounge (based in Auckland with an online store). The third result is PriceSpy.co.nz, a competitor to Ferrit that has been around for a while.
So, it doesn’t seem like this is very broken to me.