I received lots of great feedback on our Bundle Tech site. There was excitement about the problems we are trying to solve, there were compliments on the design of the site and words of encouragement on starting a business in this environment. And then there was the question: Cross-border commerce, who is into that? Why didn’t you do something in social networks, those are hot, everyone is into social networks!

Well, lets have a look at how many people are into cross-border ecommerce.

My best guess is to start with eBay. The last official data I can find on eBay cross-border trade is from 2005, where eBay reports that 15% of their transactions are cross border. Applying that to today’s GMV, this would mean a cross-border trade on eBay of around $9B. Assuming eBay represents a third of total cross-border ecommerce this would mean that the total market size for cross-border ecommerce is around $27B.

If we take an average transaction value of $150, the $27B would translate into around 182 million transactions per year. If we assume that on average people buy 2.5 items a year from abroad, this would mean that around 72 million people are ‘into’ cross-border ecommerce. A bit less than the number of people that are into Facebook et al, but still a sizable amount. They will work at it a bit less than the 25.4 min/day that the average Facebooker is spending on Facebook, but still.

72 million people buying something from a website in another country, does that sound about right to you? Let me know if you have any comments.

Catch you later

Andre

Hi there

To support our cause, and make you look good, we have created some nice t-shirts for our biggest fans. Have a looksie in our shop Bundle Shirt, browse through the virtual aisles and stumble upon that great t-shirt.

Take care, and have a great Easter break

Andre

What a week, what a week. We’ve been busy keeping three plates spinning.

First plate: our corporate site www.bundletech.com. We launched the site on Tuesday, received many compliments, had our celebratory lunch at Wagamama for £38.12 (yes, we are on a tight budget), sobered up and moved on. One plate down, two more to go.

Second plate: the Duty Calculator. The alpha version was released to a limited public (Marc, Kevin, Sean and me + the clever ones amongst you) on Monday and we are currently testing and stabilizing it. End of next week we’ll be looking for your help to spot bugs we no longer see and to help us make the duty calculator a great product.

Third plate: The Project Known As Top Secret [TPKATS]. We commissioned this project this week with our friends at iTransition and effect. Hurray! But we are not there just yet, still we need to add more and more detail to the spec. TPKATS is big, TPKATS is enormeous, TPKATS is a monster

take care, have a great weekend

andre

today we launched our corporate website. hurray! one site done, many more to come

we are really happy with the site. Pesh and James from effect took our ok idea and turned it into a really cool site, in record time. well done guys!

in conjunction with the site we are starting our blog, by which we’ll keep you up to date with key developments at Bundle Tech.

we are glad to be here, keep an eye on this space, you’ll be hearing from us

Andre

Bundle Tech