Daily Bulletin

Business Mentor

.

Research reveals the avoidable task 92% of people and businesses are wasting time on

  • Written by Nicole Robertson


New research commissioned by Zoom2u, an innovative platform that provides radically fast and reliable deliveries, reveals that despite massive tech advancements in the delivery space, 92% of Australians still use the post office to send packages, with 38% using this method every time they send or receive anything.

 

Interestingly, people between the ages of 50 – 57, are unemployed or students are the least likely to still use the post office, whilst 26 – 33-year olds, part time workers and retirees are the most likely to do so. Males and females both send their items  via the post office equally.

 

The data has also highlighted that through using this traditional method, the average person spends more than 10 minutes waiting in line per delivery, with respondents noting that sometimes it took them over 30 minutes to send or collect a package due to waiting periods.

 

Steve Orenstein, Founder and CEO of Zoom2u says, “Tens of millions of deliveries are made nationwide every year, and this research proves that Australians are wasting a significant amount of time making these deliveries via the post office. Also, when you consider that this research doesn’t even take into account how much time  is wasted travelling to and from the post office, it really is a time sucking task that could be avoided for not much more in terms of cost in most cases.”

 

The research went on to show that more than half of Australians have never used a courier company for a personal delivery, with many saying it’s because they didn’t realise it was possible.

 

Mr. Orenstein continues, “These days, couriering for both personal and business requirements is easier than ever before through services such as Zoom2u. A task that would otherwise take at least half an hour or more out of your day can be done online from the comfort and convenience of your own home or office in mere minutes.”

 

As well as saving time, notable benefits of using non-traditional delivery options include:

 

  • Faster time options. Where previously you would have to wait until the next business day to receive an item, modern services allow you to receive deliveries within 3 hours, with evening and weekend delivery also possible at no extra charge.
  • More accessible customer service. Rather than waiting on hold for extended periods of time, modern delivery options like Zoom2u allow you to communicate instantly with customer service representatives within minutes – whether it be on the phone or via live chat.
  • Additional transparency. As opposed to only being able to track your delivery daily via traditional methods, innovative delivery platforms now offer live tracking and full visibility of end-to-end service meaning there are no surprises about when your item will arrive.

Mr. Orenstein concludes, “Ultimately, in today’s society more than ever, time is money. I founded the company as a result of constantly being frustrated by the inefficiency of traditional delivery services, and this data highlights why platforms like Zoom2u – that power deliveries through tech but are managed by people that care – are rising in popularity.”

 

Zoom2u is an innovative platform that connects business and customers to a community of couriers across Australia. With a restlessness commitment to customer happiness, the company enables radically fast deliveries with live tracking technology and extensive customer support. Since launching in 2014, Zoom2u has built a network of over 1,000 couriers across Australia and delivered over 500,000 packages. Bookings can be made online for a VIP, three-hour, same day or interstate delivery, and are also made on evenings and weekends at no extra charge.


*Research was conducted and analysed by The Digital Edge Research Company. The data is based on analysis of over 1,000 Australians in June 2018. The respondents used for this study were 18 – 65+ years old, and consisted of a mix of all genders, locations, and employment types.

JB Hi-Fi battles on despite Amazon

  • Written by McKenna Moroz


Expected to be one of the most vulnerable companies amid Amazon Australia’s arrival, an emboldened JB Hi-Fi has posted an increase in revenue of 21.8% over 2017-18, to total $6,854.3 million. The group’s JB Hi-Fi Australia business reported comparable sales growth of 6.2% over the year. Australia’s largest industry research company, IBISWorld, believes that the company has effectively leveraged its economies of scale to lower its prices while also increasing its profit margins.  

“As new products, click and collect, and online order fulfilments have increased JB Hi-Fi’s sales volumes, the company has concentrated on controlling its operating costs. This has remained a competitive advantage for the company and has allowed JB Hi-Fi to report an increase in net profit after tax (NPAT) of 12.3 % to $233.2 million in 2017-18”, said Senior Industry Analyst, Kim Do. The company has continued to invest in its online platform while expanding and improving its delivery options to combat the potential threat of Amazon Australia.

“Australian consumers have become increasingly value conscious, as online-only operators such as Amazon and Kogan offer low prices for a wide range of products. While JB Hi-Fi has increased its Australian online sales by 32.1% over the year, to reflect 4.6 % of total sales, the ongoing expansion of Amazon will put pressure on the company over the next five years”, said Ms. Do.  

Amazon Australia has reported a loss of $8.9 million after tax, and revenue of $17.4 million over the year to December 2017. However, the company only launched in December 2017 and therefore only generated revenue in that month, while expenses such as salaries, marketing, and other operating costs would have likely spread over much more of the year.

“Companies like Amazon typically focus on gaining market share at the expense of profit margins. Amazon is in the market for the long haul and they’re likely willing to take losses for numerous years to make it work in Australia”, said Ms. Do.  

According to IBISWorld, JB Hi-Fi cannot afford to adopt the same approach as Amazon. Investors and shareholders are watching the company closely and any slight underperformance could severely hurt the company’s earnings.

The Online Consumer Electronic Sales industry’s revenue is expected to grow at an annualised 12.2% over the five years through 2017-18, to reach $2.7 billion. This double-digit growth is expected to continue over the next five years, suggesting that companies such as JB Hi-Fi and Amazon will have plenty of room to expand.

“While major player Kogan has increased its market share considerably over the past five years, traditional retailers, such as JB Hi-Fi and Harvey Norman along with new player Amazon, still account for only a small portion of industry revenue”, said Ms. Do.

Master Plumber, Master Painter, Master Builder… What does it Even Mean?

You’re looking around for a plumber to deal with a tricky problem. Hiring tradespeople is always a bit of a nightmare, right? Before you turn to Facebook groups to do your due diligence, there is, i...

Daily Bulletin - avatar Daily Bulletin

10 Essential Factors to Consider When Buying a Forklift

Purchasing a forklift is a significant investment for any business, whether you're in warehousing, construction, manufacturing, or logistics. With a plethora of options available in the market, it's...

Daily Bulletin - avatar Daily Bulletin

How to Get the Best Value When Buying Cardboard Boxes

Cardboard boxes have become an indispensable part of daily life, whether for moving houses, shipping products or simply for storage purposes. The key to making the most out of these versatile contai...

Daily Bulletin - avatar Daily Bulletin

BYD Expands in Australia: Introducing Chinese Dealerships and Pioneering Innovative Operations

Recently, BYD has been generating significant buzz with the launch of its two new stores in Melbourne and Sydney, revealing some exciting developments. Notably, BYD’s Chairman, Wang Chuanfu, graced ...

Daily Bulletin - avatar Daily Bulletin

Deciphering the Intricacies of Scrap Copper Prices in Melbourne: A Comprehensive Analysis

Introduction In the bustling metropolis of Melbourne, where innovation meets industry, the scrap copper market forms an integral part of the city's economic landscape. From the scrapyards scattered...

Daily Bulletin - avatar Daily Bulletin

Empowering Your Brand: The Integral Role of User-Generated Content in Social Media Marketing

In the ever-evolving landscape of digital marketing, brands constantly seek innovative strategies to connect authentically with their audience. Among these strategies, User-Generated Content (UGC) h...

Daily Bulletin - avatar Daily Bulletin

Tomorrow Business Growth