As 2008 comes to a close, let's take a look at
where
we are and where we are going - with the help of
eMarketer, Harris Interactive and other reputable
market research firms.
GROWTH: The Internet continues to grow
with an estimated
63.4% of the US population now using the Web. This
figure is expected to grow to 70% in the next 5 years.
DIVERSITY: Although white Americans make
up about 70% of US
Internet use, more and more African-
Americans and Hispanics are going online.
In addition, 55% of US adult Internet users are over
age 40 - with boomers and seniors asserting their
importance.
Younger audiences tend to use
the Internet
for
entertainment and like online bells and whistles.
Older users are more practical. They prefer
uncluttered Web sites, lots of product information and
don't forget the special offers!
WEB ADVERTISING - Still a Solid Choice:
While most small business owners are being
cautious with their budgets right now, they still need to
reach their online audiences. Web based marketing
such
as Web sites and email campaigns continue to offer a
solid, cost-effective choice.
A trend to look for: the
use of
video on the
Internet is expected to grow a whopping 45% in 2009.
Most of
this will be professional video content, mainly from TV
networks. However, we are seeing a less expensive
version of this concept in the increased use of
YouTube by small businesses to showcase their
offerings.
What does it all mean?
With the Internet still growing and continuously
changing, it is not safe to make assumptions.
Instead, the key is to know your target market and plan
marketing efforts accordingly.
Wishing you a healthy,
happy and prosperous New Year!