Cyber Monday Sales Jump 20% Over 2009
Sunday, December 5th, 2010Remember the fuss a couple years ago when online travel was gaining momentum over traditional brick and mortar? Today, Expedia books more travel than any other agency – traditional or otherwise. As well, four of the top ten travel agencies are online booking engines, booking more the $51 BILLION in travel in 2009 combined.
Today we see retail gaining momentum within the online arena.
Last week, data from Coremetrics, an IBM Company was released to the public – announcing that online sales in the United States were up 19.4% compared to last year’s Cyber Monday event. Web sales were also estimated to be 31.1% higher than Black Friday, three days earlier, making this past Cyber Monday the biggest online shopping day of the year.
John Squire, of Coremetrics stated that Internet shopping last Monday was highlighted by major retailers offering free shipping and other aggressive discounts to lure consumers.
“Consumers this year appear much more willing to open their wallets and are turning to online stores for the convenience of shopping wherever and whenever they like,” he said. “Retailers have done an exceptional job across the board of appealing to consumers with highly personalized promotions and a slew of free shipping promotions”.
The average order value (AOV) online was also up from $180.03 to $194.89 for an increase of 8.3 percent. (The largest jump by the way was 2009 with the average order jumping from $130 in 2008 to $180 in 2009.) Consumers flocked online a week ago, with shopping momentum not only being maintained throughout the day, but had stronger momentum all day compared to Cyber Monday just one year earlier.
Social Media is also making an impact according to the report:
The growing trend of consumers using their networks on social sites for information about deals and inventory levels continued on Cyber Monday. While the percentage of visitors arriving from social network sites is fairly small relative to all online visitors — nearly 1 percent — it is gaining momentum, with Facebook dominating the space.
ZamFest ring a bell for anyone? If you were on line at all last weekend, it seemed as if everyone was talking about the deals found online. Facebook, Twitter, even e-mail campaigns that flooded our in-box from merchants ready and willing to service eager shoppers.
During the Holiday’s in 2009, online spending jumped from just 6% to 12% and did not decrease afterward. If this trend continues into 2011 like it did in 2010, look for online sales to maintain between 15% and 20% of all retail spending.
And here we are…ahead of the paradigm shift yet again. I’ve got to hand it to the Founders of our Company. True visionaries who always appear to be ahead of the curve before major shifts and trends start popping up. They did it with A.L. Williams – then YTB Travel – and now it looks like ZamZuu is destined to hit the same high marks.
Travel has always been my first love – and I’m extremely grateful for the opportunity YTB gave me when everyone else in the travel industry didn’t give me the time of day. Now I’m involved in a new stream of revenue that increases the opportunity and income just by hanging around winners. I’ve been partnered with Affiliate Programs for years, referring products for years. (Long before ZamZuu.) This program not only expands the merchants, but manages hundreds of stores under a single umbrella.
You’ve got to love it – especially when you understand and can appreciate the kind of Founders that run this company. Smart, insightful, and extremely motivational.
Honestly, I wouldn’t have it any other way. Why would you? They give new meaning to the words “Happy Holiday’s”.
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Doug & Ronda Bauknight AKA: TravelPro Travel Agent / Networker Phone: 678.458.5812 |
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Just another innovative idea from the good folks at YTB who will be posting cyber specials all weekend long to help me, you, and anyone else who wants to avoid the crowded malls – saving both time and money this holiday weekend. 






