May
13
2011
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Consumers Spend Big Online – Issue 67

eCommerce spending on the rise for the 6th consecutive quarter

Yahoo! debuts new instant search product

On Wednesday comScore released its eCommerce sales estimates for quarter one of 2011. Total online spending for the first three months of the year totaled an estimated $38 billion, up 12% from the first quarter in 2010. The rise in sales this quarter continues a winning streak for online merchants. This marks the sixth quarter in a row that showed year-over-year growth, the second of double digit growth. “Faced with rapidly rising gas prices and stubbornly high unemployment, consumers continued to take advantage of the Internet’s lower prices by shifting their spending from offline retail stores,” said comScore chairman Gian Fulgoni. Although there was a decline when it came to the amount spent on a transaction, the number of buyers and number of transactions per buyer increased. MasterCard also reported increases in spending, although there numbers were slightly more positive than comScore.

More from comScore.

Did You Know? Learn More
Sales of physical goods through online social networks will grow by 93% per year in the U.S. reaching $14 billion by 2015.-Booz & Co. New Products for Yahoo! Stores
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Social Media

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How to Build a Social Media Monitoring Dashboard, For Free!
If you’re on multiple social media sites in order to market your business, monitoring your efforts is vital. But being on multiple sites also means it’s a lot more to manage, and can sometimes be confusing or overwhelming. There are a lot of paid options out there, but do you really want another expense? Social Media Examiner has created an article showing you how to create a social media monitoring dashboard at no cost to you.
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eCommerce Marketing

6 Tips from the ‘Monster’ of Fame
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Crazy or Brilliant? 3 Unique Marketing Ideas
What’s the craziest thing you’ve done lately? To your marketing that is. Are you looking to really spice up you marketing strategy but aren’t quite sure how to do it? You want to be the unique business that pulls off a really great idea, but haven’t thought of that idea yet. Practical eCommerce did the work for you and came up with a few crazy ideas to get you started. Read more.

General eCommerce Business

Possible Facebook Gain with Microsoft Purchase of Skype
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