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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.
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.
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.
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.
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.