All of the talk about people moving their purchasing power to the internet, isn’t complete hogwash. According to StatsCans newest numbers, Canadians online expenditures have increased to $15 billion (2009) from $12 billion (2007).
The total was broken down into 95 million transactions, at an average of $1,420. You might be thinking that doesn’t sounds so huge, but if you factor in the population of our country is only around the 34 million mark, it’s a fair amount of money per person. As for some contrast, in 2007 Candians only spent $12 billion on line over 69 million transactions. One of the more interesting figures is the expenditures per person in 2007 was $1,520 as opposed to the $1,420 of 2009.
That difference is coming from the increased consumer base. As the internet and the web become more accessible, and online shopping becomes a more and more trusted means of acquisition, while the average may drop per person, overall spending will continue to increase.
And if you carry inventory in store, there’s no need to worry. StatsCan also reported that over half of Canadians online, would “window shop”, researching their purchases prior to buying them. Ensuring that you have a quality website, backed with service and sales in store is a great way to drive people to your site, and your address.
The chances grow daily that as someone is researching a purchase idea, they’re asking their friends, families and connections on Facebook, twitter or other social media about their thoughts and experiences. The web has become an incredibly powerful marketing tool when used correctly, and the proof is in the numbers.
Winnipeg Booksellers McNally Robinson has filed for bankruptcy protection, many believe the company succumbed to a combination of the sudden surge in e-book sales and an ill-fated foray into southern Ontario.
Online retailer Amazon has reported it sold more e-books than printed books during the pre-Christmas sales rush.
McNally Robinson’s intentions to develop its online e-commerce sales store may be a good approach, especially if optimized correctly and if it can establish a niche selling local Canadian authors to a global marketplace.
Some say e-books will have the same effect music downloading had on music retailers and movie downloads and video on demand on the video rental stores. But in addition to the potential devastation e-books might have on the book-selling business, the retail industry in general has become much more competitive.
Reports show at least $3.2 million owing to more than 300 unsecured creditors.
Interactive marketing will near $55 billion and represent 21 percent of all marketing dollars spent in 2014 as advertisers shift money away from traditional media to search marketing, display advertising, e-mail marketing, social media and mobile promotions, according to a recent study.
The trend is already underway, as more marketers this year are taking money from traditional marketing budgets and using it in interactive advertising, as opposed to supporting interactive efforts with new funding, as was the case in years past, according to the Forrester Research report “US Interactive Marketing Forecast 2009 to 2014,” by Shar VanBoskirk.
“This cannibalization of traditional media will bring about a decline in overall advertising budgets, death to obsolete agencies, a publisher awakening and a new identity for Yahoo,” writes VanBoskirk.
She goes on to say that while ad budgets will decrease, marketing investments won’t, as any money saved by using cheaper interactive media will be put toward funding IT technology and staff, customer service and so on.
Given this, traditional ad agencies must include interactive marketing for mere survival. “We’ve hinted before that agencies that can’t transition from pushing out messages to nurturing customer connections aren’t long for this world. Agency readers, heed our warning. Services firms that lack data management, analytics, listening, social media execution, and strategy expertise will dry up,” warns the report.
Social media campaigns are growing into an established part of the interactive ad mix as more companies embrace it — 64 percent of marketers already build social media applications and 22 percent more will by the end of 2009.
Search marketing continues to do well, in both adoption, today 80 percent of marketers use it, and money spent. “Search marketing accounts for 59 percent of the overall interactive pie. We project spend on paid listings, which includes paid inclusion, and search engine optimization (SEO) to grow at a CAGR of 15 percent, to $31 billion by 2014,” according to the report.
The report says advertisers favor pay-per-click over impression-based display campaigns, with 58 percent going to PPC – and the trend is expected to continue. Rich media is also gaining traction, currently about one-third of display spend, rich media will grow to 45 percent by 2014 as marketers use more and pay a premium for rich media.
E-mail marketing continues to grow, with an 11 percent CAGR over the next five years, due to the “green” market campaigns being in vogue and to increased integration with social media sites.
Petsecure Pet Health Insurance, Canada’s leader in pet insurance, has announced that they have engaged the services of Fresh Traffic Group to drive qualified sales leads to their website and strengthen their brand online.
“Since undergoing a major rebranding of Petsecure in early 2008, we have seen a noticeable difference in how people are finding us online. We identified our placement on the search engines as one of the major areas to invest for this years marketing budget. We understand that to achieve high placement on the search engines, the best approach is to hire an SEO expert to consult us on the optimum way forward online,” says President of Petsecure Randy Valpy. “We were pleasantly surprised to find that a former Director of Google UK was headquartered right here in Winnipeg. We are confident that by engaging his company we can regain our position as leaders online for pet insurance in Canada.”
Comments Fresh Traffic President Jerry Booth, “We are always proud when we have the opportunity to work with industry leaders. We hit it off immediately with the management team at Petsecure, and we are confident that we can help them restore their position as leaders online. We often meet with companies who have placed a great deal of accountability in their IT departments or web designers to handle the task of marketing online. The reality is that SEO is a completely different skill set than that of an IT professional or web designer. This is why we welcome the opportunity to work with a company like Petsecure who value the importance of our service. We are excited to show them the results that come with engaging the expertise of a company dedicated to search engine marketing.”
About Petsecure Pet Health Insurance.
Petsecure Pet Health Insurance, the core brand of SecuriCan General Insurance Company, is 100% Canadian-owned and operated. It is Canada’s first and leading pet insurance provider, helping to provide the best care for dogs and cats, and peace of mind for Canadian pet parents since 1989. Their signature member package, Secure For Life™, provides comprehensive accident & illness coverage, routine care for pets, plus member benefits including dental, alternative care and more.
For further information on Petsecure, please visit their web site at www.petsecure.com or contact Mika Sanson, Manager, Marketing & Communications at: 204-942-2999 ext. 7297, email@example.com
About Fresh Traffic Group – www.freshtraffic.ca
Fresh Traffic Group, operated by former Director of Google UK, Jerry Booth, specializes in organic search engine optimization (SEO) and search engine marketing (SEM), helping company websites to place high on the pages of the major search engines such as; Google, MSN and Yahoo. The company is headquartered on the 16th floor of the CanWest Global Building in Winnipeg, MB Canada.
For further information or to book an appointment to meet, contact: David Guspodarchuk, Sales Manager, 204-942-4200 ext. 2225, firstname.lastname@example.org