Byte
by Byte
By Kevin M. Smith: The Gazette
Date 2/9/06
Maryland companies large and
small are taking advantage of the booming online retail market
popularized by such giants as Amazon.com and eBay — though
none is in their class.
Fighting for a piece of the growing Internet retail pie are a
series of Web sites that provide space for businesses to reach
— so the merchants hope — millions of buyers, sites such
as shopmarylandnow.com, mammothmall.com, frederick.com and
searchmaryland.com.
These sites are designed to
help retailers reach a broader client base, for a fee. The
sites, and other regional ones such as bethlehempaonline.com
in Pennsylvania and etravelmaine.com in Maine, typically offer
advertising rates for three-, six- and 12-month periods.
Often, however, the sites arrange for affiliate marketing
instead of charging a fee, with the site collecting a
percentage off any sale made through it.
On the other hand, there are
small businesses such as Comfort1st.com and fredneck.com that
do their own online marketing and selling — and have
experienced growing success.
What has happened, according
to industry officials, is that out of the dot-com bust has
come an online business model more reflective of the general
business community, where smaller retailers are experiencing
steady, rather than spectacular, growth, with their online
presence a big factor.
Tracking the business
E-commerce sales may be a
drop in the nation’s retail bucket, but it’s making a
bigger splash every year.
E-commerce revenues in the
third quarter of 2005 totaled $22.3 billion, according to U.S.
Census Bureau data. Those figures are adjusted for seasonal
variation and holiday and trading-day differences, but not for
price changes.
Total retail sales for the
third quarter were $957.9 billion; e-commerce accounted for
about 2 percent of that total.
But while overall sales were
up a robust 8.5 percent from the prior-year quarter, online
sales grew an explosive 26.7 percent.
Online retail sales in the
United States are expected to grow just over 20 percent
annually until 2008, then slow a bit, reaching about $200
billion in 2010, according to a report last year by FTI of New
York, a financial consulting company.
The growth has helped some of
the big dogs, such as eBay and Amazon.com, finally turn a
profit after years of losses, according to company
information.
‘‘It’s growing, without
a doubt,” Thomas Saquella, president of the Maryland
Retailers Association, said of online retail.
While Saquella said Maryland
does not track online retail statistics, he suspects the state’s
market growth mirrors the census data.
Retailers use different
online methods, but the benefits for all are similar, said
Peter Morici, an economics professor at the University
of Maryland, College Park.
‘‘Internet retailers enjoy a number of advantages,”
he said, ‘‘In addition to saving on gasoline and hassle,
Internet retailers offer greater variety and depth of
inventory, the opportunity to clearly compare alternative
products, and better price transparency.
Brick-and-mortar retailers have yet to offer good, tangible
responses to these challenges,” Morici said. ‘‘These
advantages in shopping convenience, information and pricing
will loom ever larger as more and more Internet-savvy young
people enjoy increased buying power.”
Like Saquella, Morici thinks Maryland’s e-commerce sector
is growing about as fast as the nation’s.
Cultivating online growth
While searchmaryland.com provides only links to its clients’
Web sites, shopmarylandnow.com and mammothmall.com represent
themselves as resources for shoppers.
Shopmarylandnow.com offers contests, coupons and specials,
plus links to shops and other sites such as mammothmall.com.
Mammothmall.com claims to provide access to more than 500
retailers. Mammothmall.com also includes a consumer resource
page that has links to anti-virus and anti-spyware Web sites,
plus the Better Business Bureau and U.S. Consumer Product
Safety Commission.
Mammothmall.com, headquartered in Rockville, has been in
business since 1998, according to its founder, Joseph Lucas.
Lucas, a Web site designer by trade, created the site in his
free time.
‘‘The idea, during the early days, was that people were
used to going to shopping malls,” Lucas said. He wanted to
create a site that would eliminate the need to search online
for products on a store-by-store and item-by-item basis.
While Lucas’ intent was to target stores in the
Washington, D.C., metropolitan region, most of the retailers
using his site have been from New York, California and
Florida, he said.
Only a few shops pay the rates listed on the Mammoth Mall
Web site, which start as low as $300 for six months, Lucas
said. The others work on an affiliate marketing deal, with
Lucas making a commission from sales made via the site.
Searchmaryland.com is the brainchild of Ephricon Web
Marketing of Baltimore. It was created by Ephricon founder Jon
Payne ‘‘to help gain free and affordable exposure for
local businesses and their Web sites, as well as to allow
residents of Maryland to easily locate local businesses,”
according to information on its Web site. The site hosts
roughly 250 business sites from around the state, he said.
Down the road, Payne said, he may start charging retailers,
but he has no plans to do so.
Payne said he launched the site in late 2004, about 18
months after establishing Ephricon, to fill a niche: helping
consumers find local retailers.
‘‘On the Internet, there’s probably at least several
dozen different directories,” he said. ‘‘There are a lot
of retail directories, [but] there’s not that many regional
directories. Sometimes people just want to use the Internet to
find the shop down the street.”
The key, of course, is higher rankings on popular search
engines, Payne said.
Ephricon’s revenues have grown five-fold since it was
founded, said Payne, who declined to provide specifics.
‘‘We’re a small firm, profitable firm that’s doing
well, but we want to stay the size we are,” he said.
G3, host of shopmarylandnow.com, was established in 1984 as
Graphics III Advertising Inc. In 1996, G3 Group was created as
a division to deal with the burgeoning Internet market. The
company, known as G3 Group, launched shopmarylandnow.com in
July 2002. The site bills itself as ‘‘your local guide to
everything in Maryland.” Calls to G3 for comment were not
returned.
A more locally oriented Web site is Frederick.com, operated
by270net Technologies Inc., an Internet technologies and Web
design company in New Market, and AreaGuides of Frederick.
Frederick.com advertisers, or sponsors, have a Web page and
the idea is to direct consumers to the sponsors’ business.
One retailer using both searchmaryland.com and
Frederick.com is Jennifer Guenther, owner of Enkore Kids of
Frederick, which sells new and used children’s items such as
clothes, toys and videos. She said the store has always had a
Web presence, but she began viewing the online component as an
important part of her business only in the last two years.
Guenther said she pays $450 per year to have an
advertisement and link on Frederick.com.
She said she typically gets two hits per month that
originated at searchmaryland.com. Conversely, ‘‘Frederick.com
does really well for me,” Guenther said. ‘‘I typically
get at least 100 hits per month.”
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