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Online Spending is Growing Like Nothing Else, but Can It Replace TV

Filed Under (articles, online shopping mall) by Kevin on 29-05-2008

Online spending is gaining traction as high speed internet connections become cheaper and more commonplace for every household.  Every year online spending is getting bigger and bigger.  Though online spending is still a fraction of total consumer spending, it is growing at a rate of more than 25 percent annually.  But the trends are that the online spending is incremental and campaign advertising will increasingly shift online going forward, the research note says.

Spending

Households earning at least $100,000 have increased online spending by 28% over last year, but households that earn less than $50,000 have increased online spending by only 10%.  New households going online and more online spending from those already there will drive up consumer spending on the Internet to account for about 13% of all general merchandise retail spending by 2010, according to Forrester Research Inc.  Kids 6- to 13- years-old, the group with the smallest disposable and scant access to credit cards, will grow their spending online from about $100 million to just about $1 billion over the same time period.

Shopping

The trend is showing the internet becoming a popular option for people to use to make their shopping purchases.  Now shopping online is made even more easier with portals.  For their online shopping research, they turn to Google, store Web sites, and other sources before they turn to the newspaper Web site.

Customer

Customers, who can weigh in on their shopping experience, are more empowered to buy and feel appreciated, because they are not looked upon as just another ordinary online shopper.  Customers are ready to spend more than ever, thanks for a growing economy.

Online spending is fueled by recent announcements by major advertisers that the Internet is getting a bigger chunk of ad budgets.  Teen online spending is expected to explode over the next four years, according to a new report on the cyber-habits of the so-called Generation Y.

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Shopping online offers lots of benefits that you won’t find shopping in a store or by mail

Filed Under (articles, online shopping mall) by Kevin on 28-05-2008

The US Census Bureau reports that consumer online shopping is continuing to grow. Online shopping from the comfort of your home. Online shopping is easier to do than ever before. Online shopping is rapidly becoming a worldwide choice for traditional shopping. Online shopping becomes more popular every day and it is hardly surprising when you consider that it offers such convenience.

Shopping

Shopping has never been so easy, so convenient and so rewarding. Consumers find a product of interest by visiting the website of the retailer directly, or do a search across many different vendors using a shopping search engine.

Online

Online shopping is the process consumers go through to purchase products or services over the Internet. Online shopping is something I enjoy immensely, since I don’t have to get dressed up and get out of the house, and I can do it at 3 AM if I want to. Online shopping is rapidly becoming a worldwide choice for traditional shopping. Online shopping is not only safer, but it is now easier than ever. Now, with only a few clicks of a mouse, you can go online to buy just about anything you need or want, from airline tickets to rare antiques.

Stores

Many stores give the consumer the delivery company’s tracking number for their package when shipped, so they can check its status online and know exactly when it will arrive. Retailers are also planning to make the links between their stores and websites more direct than ever before. Small gadgets like iPods and other MP3 players, video game systems and digital cameras are the most coveted electronics items, but a lot of big flat-panel TVs will be carted out of the stores as well.

Buying

Now, with only a few clicks of a mouse, you can go online to buy just about anything you need or want from airline tickets to rare antiques. Whether you’re buying direct from a business or an individual, an online retailer or an Internet auction, shopping online can be fun, easy, practical, and economical. In the next five to 10 years, those who are already comfortable shopping online are likely to grow even more so, funneling more and more dollars to Web sites as they continue to increase the number and amount of products they buy online, experts say.

Shoppers

Shoppers find a greater selection online in certain market segments (for example, computers and consumer electronics) and in some cases lower prices. Savvy shoppers enjoy online shopping malls for discount prices and price comparison shopping. Some shoppers appreciate this anonymity, the lack of being badgered by in-store salespeople, they like being able to shop in pajamas.

Most online Americans view online shopping as a way to save time and a convenient means to buy products. The future of online shopping may lie in what is known as the hybrid model, the combination of being able to buy online and pick up the goods at the store.

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