PCR Tech and IT retail, distribution and vendor news
OnBuy claims to have has delivered £5.5m of additional sales by deploying a suite of data science led search developments to its onsite search facility, with every pound made going to a UK retailer.
“We understand how many challenges retailers face, especially considering how other marketplaces directly compete with them, often ‘search rigging’ to prioritise the promotion of their own products,” commented Cas Paton, Founder and CEO of OnBuy. “We don’t sell our own products and are here to exclusively support retailers, not go head-to-head with them.
“With OnBuy offering a ‘paradox of choice’, product discovery is crucial, and our new search developments help to surface more relevant products from thousands of UK retailers. As such, more products get found, and more products get bought,” Paton continued.
OnBuy doesn’t sell any of its own stock, the marketplace only makes money when its retailers sell goods. Therefore, naturally, with interests aligned OnBuy is investing heavily in developments that support its vendors.
The improvements to the search function, which are rooted in ‘relevance science’ incorporate updates to filters, analysers, and search suggestions which have vastly improved the customer experience, allowing consumers to find the right products, faster than ever before.
“With a fast-growing online marketplace like OnBuy, every development and improvement matters. £5.5m worth of increased sales from the first phase of improving onsite search demonstrates just how much potential OnBuy has for its retailers. We intend to revolutionise the eCommerce model and will continue to promote a fair and transparent offering for our vendors. This monumental development is a giant leap for unbiased online shopping, and there is much more we plan to achieve to benefit both retailers and consumers.” Paton concluded.
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