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Ecommerce Sales Up 26%

     
5:02 am on May 24, 2003 (gmt 0)

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WebmasterWorld Administrator brett_tabke is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

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[washingtonpost.com...]
WASHINGTON (Reuters) - U.S. retail sales over the Internet grew by 25.9 percent in the first quarter of 2003 compared to the same quarter a year earlier, rising to $11.9 billion, the Commerce Department said on Friday.

Looks like the dot com shake out has turned into the dot com boogie.

7:25 am on May 24, 2003 (gmt 0)

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And there's this:

[usatoday.com...]

Reported by Mike_Mackin on 5/18

AW

7:31 am on May 24, 2003 (gmt 0)

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I think dot com sales have always been increasing (even though the article seems to suggest otherwise) - just the stocks were way overvalued.

Amazon is one of the best performing stocks this year - as well as some other dot coms.

1:16 pm on May 24, 2003 (gmt 0)

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I know that the dot com portion of our business continues to double year over year. This has been the case for 4 years now.
More and more new customers and many comment that they are completing an e-commerce order for the first time.
Good trend!

It is still important to have several marketing channels in play. I think that a pure dot.com is a risky venture and success is very difficult.

2:11 am on May 25, 2003 (gmt 0)

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Depends on what type of business you are in, I can barely keep up, have the new guy coming over on a Saturday. (Any minute).

I keep writing proposals and growing in leaps and bounds but then again proper Internet Marketing in relationship to getting customers new business is huge.

What is most interesting is when their competition beats them by one position on SERPS, they will not stand for it, and they are willing to pay more for that extra position. So far I can not image a better business to be in and I do NOT think it is going away by far.

I can not really sell my product in a store, but I have devised ways to get the message out; just keep telling other what you do, it is amazing how many are interested.

The .com growth never really left but was just hidden under a rock as public officials B.S'd the rest of the world with scams and fake energy transactions.

I expect to see (YHOO) at 50/share again, there is no reason to avoid technology. The stocks will continue to see this growth mentioned above as more and more people feel more comfy doing business online.

All Best

Hollywood

9:23 am on May 25, 2003 (gmt 0)

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"retail sales" is misleading. How much is spent on services?

Example: US real estate sales represent over 1 trillion dollars per year. According to that industries statistics about 43% of all people end up buying real estate via a service they found on the web.

Add just real estate into this equation and you go from 11 billion per quarter to over 100 billion per quarter! Add all other services sold via the web and the "retail sales" number becomes insignificant.

2:05 pm on May 25, 2003 (gmt 0)

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Yep, not only real estate, but sales from online brokerages. The comparison with conventional retail stores measures a sliver of what the web is used for. About half of car buyers in the U.S. do most of their research online.

I've bought very few goods online. But I've bought most of my stocks and bonds (thank God for the bonds) on the web in recent years.

Another thing: far more wholesale products are now sold online. We buy some products for our stores online vs. zero just two years ago.

6:04 pm on June 7, 2003 (gmt 0)

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Hi All,
This is my first post here, I just found this forum after
hanging out at Jim's forums for years. Having been online
selling ebooklets since 1997 my take on the
Dotcom "boom/bust/happy days are here again" is that those
of us that have survived were the ones with viable business
plans and a product to sell ;~). We have been gradually
selling more every year, the only major downturn was in the three weeks after 9/11
when our traffic dropped 90%.
 

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