Forum Moderators: buckworks
before will start to explore its advantages...KF
Funny how people would rather spend 20 minutes in there car, drive to a store, wait in line, checkout, get harassed by security, drive another 20 minutes home than point, click and save and get it in the mail :)
People buy things they want based on emotion, so they will become fearful and stop buying everywhere for this type of thing when money gets tight. For things you need, like for example car parts or groceries, they may look for cheaper deals.
Just remember not to market those things people want as something they need.
Funny how people would rather spend 20 minutes in there car, drive to a store, wait in line, checkout, get harassed by security, drive another 20 minutes home than point, click and save and get it in the mail :)
Most of the time, I prefer to save the money and buy online. Plus I get to enjoy the anticipation of waiting for it to arrive. :)
[edited by: LifeinAsia at 9:21 pm (utc) on April 7, 2008]
" experts estimate that internet spending will increase over 17% because people pay more for food and gas nowadays"
maybe there is hope :-)
" experts estimate that internet spending will increase over 17% because people pay more for food and gas nowadays"maybe there is hope :-)
True, but a month later it will be:
" experts estimate that while internet spending has increased etailers are having a hard time staying in business because of rising energy and fuel costs and the belt tightening of capital and credit markets"
I don't think ecommerce will be immune to exploding energy costs especially when you figure in the exploding costs of doing business
E-commerce shares have fallen hard in the past 6 months. (and rebounded a bit lately).
I didn't believe the experts then (and bought no dot com stocks); I don't believe them now.
If they have a product or service that is very preice conscious, they're going to be in trouble. If they are used to spending wads of cash like drunken sailors, they're going to be in trouble. If they continue to beat a dead horse on a sinking ship instead of moving on, they're going to be in trouble.
The economy in the USA is a bit unpredictable these days, when we had a recession in the 70's it was a bit hard to recover.
But now it seems like we seem to figure out how to profit and restructure if necessary any given state and any negative growth is quickly reversed.
Being global can also be a good thing, we did have a short period where we couldn't give away our products in the USA but yet we're swamped from orders around the globe.
Cal
When people are faced with a tight wallet and high gas prices
When you say high gas prices - can you explain that a little ie prices etc?
This has had an effect on free cash in the US wallet. Rather then the free cash going to a local business for goods, it's being sent to the oil companies.
My comment of the "High Gas Prices" would relate to purchasing on the internet due to less spending money plus the increased cost of travel to the store(s).
This has had an effect on free cash in the US wallet. Rather then the free cash going to a local business for goods, it's being sent to the oil companies
That extra dime or two is actually pretty small from an individuals point of view. Is it really the price people gripe about, or is it the irritation that it keeps getting raised little by little, becoming like a symbol of higher prices.
That extra dime or two is actually pretty small from an individuals point of view.
Indirectly, just about EVERY item purchased has increased gas prices factores into their prices, further chipping away at a person'd wallet. Any item you buy has transportation costs associated with it just to get them to the store. Additionally, farm products require oil-based products for their creation (diesel gas for trac)tors, pesticides, etc.).
[edited by: LifeinAsia at 4:01 pm (utc) on April 14, 2008]
Cal
Personally, I worry that it may just make things worse with paycheck-to-paycheck people going out and buying $2000 TVs with their $600 check + a credit card.
DBCooper: Credit cards seem to be killing everybody.
Thats WHERE it should go but i can always hope people will shop with it as well ;)
While mine is going into savings... I know that most of my friends already know exactly how they'd like to spend their stimulus check - and it isn't to pay off bills or credit cards!
