Because we’ve expanded and diversified our business with the launch of ZamZuu, I’m finding myself doing a lot more surfing on the internet for products I both want and need.
While ZamZuu business owners can be considered “early adopters” and part of the $155.2 billion that was actually spent online last year, according to a Forrester study released just last month $917 billion worth of retail sales last year were “web-influenced.” Meaning; far more people (at least for right now) are using the internet to do their research on the internet, and then heading out to the store to make their purchase. That’s 67 percent of the online population, and I’ve seen studies that claim 75 percent.

Let’s face it, after the economic meltdown we had in late 2008 and 2009, now more than ever, saving money is the new green. It’s a big reason why ZamZuu has been welcomed with open arms in our company. Cash back puts green back in our pockets.
We’re not the only ones who have caught on to this paradigm shift. The Interactive Advertising Bureau (IAB) also released a report in early April which reveals advertisers spent a record high of $6.3 billion during the fourth quarter of 2009, in an attempt to attract surfers. That’s a new high for a single quarter in Internet advertising revenues, which reached $22.7 billion for the year in 2009.
Nearly half of that revenue is being paid in search and display-related advertising. Think Google AdWords – those little three line ads you see along the right hand of the search page. I recorded a CNBC special report a few weeks ago entitled “Inside the Mind of Google” which reported that Google made $4.3 billion in PROFIT from Google AdWords alone. Another report just last week quoted that Yahoo! saw its first quarter profit more than double from last year, driven by growth in online advertising and lower operating expenses.
It’s abundantly clear that money and revenue is shifting right now away from print, radio and television to the internet. Why? With E-Commerce, the whole transaction takes place online, making it very easy to track and measure. The ROI also skyrockets because advertisers don’t pay per impression or how many eyes actually see the ad, instead only pay for those who actually click on the ad.
Here’s the problem, and I think you can relate: When I Google something to research and compare pricing for a product, more times than not, my first page results aren’t based on the lowest price – but who paid the highest price for ad placement. With more and more money being thrown at internet advertising and the amount of revenue it generates for all of the top search engines, I don’t see that changing any time soon.
In fact – it could get worse as more companies catch on with all out bidding wars breaking out to capture their share of this consumer shift.
So how do you make sense of and sift through all this advertising to find the best deals?
One solution I’ve been introduced too is a very cool app called MyShoppingGenie. It’s completely free to install and its sole purpose is to help you navigate through the vast array of information found when doing a search to find products based on price. By searching on any of the major engines available the Genie appears as a navigator that pulls up not only the stores that offer the product you’re looking for, the price their selling it for.
For example, our son Brain is into Pokemon and wanted the new Heartgold version for his DS. We did an internet search and up popped the Genie with a “compare” button. Within seconds I had a price from Wal-mart of $30.54, CD Universe with $39.95, and Dell, Best Buy, and Toys R Us with a price of $39.99.
From here it’s easy to see that all I have to do is log in to ZamZuu and go directly to Wal-Mart to make my purchase to either ship it or order a site to store for pickup.
All in a fraction of the time it use to take me with a regular search or going from site to site looking searching at individual stores.
While that’s great – it gets even better. Check this out.
Because I’m giving this app away to my list of clients and customers who either book travel with me, or shop with me through ZamZuu, my app is “branded” with a ZamZuu logo and a link that goes directly to my ZamZuu shopping page. When they find the right price, and it happens to be one of the 700 stores we have within ZamZuu, getting cash back for that item is now a simple click away. (Download the app and see for yourself.)
Now think about this…people search on average 88 times per month. Each time they do that search now, my ZamZuu logo appears each and every time they search. No e-mailing, no calling, and no paid advertising – it just shows up every time they do a search on any of the major search engines.
If that doesn’t get you thinking about possibilities it gets even better.
You know all that money we talked about – the $917 BILLION in sales that was generated via searches, and the $22.7 BILLION in advertising revenue being spent for clicks from those searches last year? Each time my customers click one of the ads when comparing prices it generates revenue from the free app that I gave away.
I’m generating revenue coming and going. Granted, at this point there are more searches right now than buyers, however, as the shift continues to evolve over the next few years, I’ve giving my customers a very easy and accessible format to capture more sales when they buy and get cash back through my ZamZuu site.
This opens up a whole new market, and it’s no longer based on what I want to sell, but what my customers actually want to buy from 200,000 stores, liquidators and product manufacturers, including over 1,000,000 coupons and special offers. I’m not only buying and getting cash back from Omaha Steaks through ZamZuu, but finding incredible coupons for additional savings on the “deals” link. (Ronda LOVES the coupons she’s found on both national and local stores saving us a TON of money from this app.)
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In closing, you at least need to check out this app and see how it works for yourself. Heck, it’s free for goodness sake and it’s going to help you turn the tables on the big search engines who are only thinking about how much money they’re generating from paid ads when you’re searching for products.
If you by chance you see another revenue stream and a very viable option in branding your ZamZuu business, just “reply” to my newsletter and I’ll not only answer your questions, but help you set this free app with your own ZamZuu logo and link to capture a bigger piece of this internet boom.
No pressure, and no hard sale. You both see these numbers and want in, or you don’t.
Just let me know if you want to capture a slice of this boom.
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Doug & Ronda Bauknight
AKA: TravelPro
Travel Agent / Networker
Phone: 678.458.5812
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