A creative agency specializing in data visualization, JESS3, has put together a pretty cool video which shows the current state of the Internet. We have highlighted some of the data below, but please also watch the video for yourself.
Having made the change personally 7 years ago when I was a chief operations officer for a wholesale distribution company I knew that in the near future many other business would soon follow. That is why it was no surprise to me this week when I read the headline that “Outsell forecasts that online spending will overtake print in 2010”
Many Web marketers have felt that their industry is treated like the red-headed step child in the marketing world. Online marketing has always been the marketing that was thrown the leftover scraps of the real marketing budget. Print and TV always got the river rushing blast of money and Web got what was equal to a little brook almost dried up because of the summer heat.
There may be good news for online retailers after all! Forrester is predicting a 10% growth rate for you all. Well hopefully right.
A report just released says online sales will climb from $173 billion this year to $249 billion by the year 2014. This growth will cause a nice jump in online retail’s share of US retail sales from 6% to 8% share.