Featured in the Wall Street Journal · ABC News · BBC News · Forbes ·  Newsweek · USA Today · New York Times · CNN/Money · Investor's Business Daily

Home

August 27, 2012

Domain Sales

About Us

YTD Sales Charts

E-Mail Us

The Lowdown

News Headlines

Articles

Resources

Archive

Letters to Editor

The Lowdown Subscribe to our RSS Feed
Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Another Huge Win for the Web - Majority of Consumers Now Say Online Is Their Favorite Way to Shop 

Ever since the Internet arrived on the scene I've watched in amazement as the web has steadily overtaken one traditional powerhouse after another. As a media guy, the most riveting train wreck has been watching newspapers that were once unassailable titans of the media world wither away to next to nothing as the web ate their lunch (latest example - the 150-year-old New Orleans Picayune announcing it would publish only three days a week and slash staff yet again).

The web has just landed another stunning blow against another giant - this one an even bigger Goliath than traditional media - that is shopping.  As reported by ComputerWorld, according to a new survey from NielsenWire, a solid majority of U.S. consumers (59%) said that online was now their overall favorite way to shop

For the web that is a bigger win than any upset in sports history. If I beat Usain Bolt in the 100-yard dash and did it running backwards - it still wouldn't be as shocking to me as the web's latest conquest (though I'm sure Usain would be scratching his head for quite awhile).  

Online shopping mage from Bigstock

There's no doubt that brick and mortar is still light years ahead in dollar terms, but the web has won the hearts and minds of consumers and that means more and more dollars will  follow. Online shopping also won big on two other metrics with 68% saying it is the easiest way to shop and the same percentage saying online is the most convenient method as well. 

The web still has some work to do on a couple of counts though. 77% of respondents said shopping in brick and mortar stores was safest and 69% cited traditional shopping as the most reliable

Mobile shopping image from Bigstock

The survey also included mobile shopping (by smartphones or other portable devices) in its research but mobile finished well behind online and traditional shopping in most categories. Only 13% cited mobile as their favorite way to shop. 38% said mobile was most convenient (30 points behind online) and 27% picked mobile as easier (over 40 points behind online). 

While winning the the mind share race among shoppers is a huge victory for the web I shouldn't be that surprised. Over the past 2-3 years, aside from groceries and clothing, I have done the majority of my shopping online. It is a rare day that the UPS truck doesn't stop at my house with another box from Amazon (I get more than my money's worth from Amazon's $79 a year Prime membership that provides free two-day shipping on my orders). 

I have always considered those of us in the domain business to be incredibly lucky to be in a field that is at the heart of the Internet revolution that is changing the world in previously unimaginable ways. This latest bit of news is yet another example of that. 

(Posted June 7, 2012) 


For all current Lowdown posts - Go Here


We need your help to keep giving domainers The Lowdown, so please email [email protected] with any interesting information you might have. If possible, include the source of your information so we can check it out (for example a URL if you read it in a forum or on a site elsewhere). 

 Home  Domain Sales  YTD Sales Charts   Latest News  The Lowdown  Articles  
Legal Matters
  Dear Domey  Letters to Editor  Resources  Classified Ads  Archive  About Us

Hit Counter

Latest news of the domain name industry

 

Copyright 2012 DNJournal.com - an Internet Edge, Inc. company. 
No material may be copied from this site without expressed written consent.