Posts Tagged ‘revenue’

postheadericon How You Doin’ Twitter?

While Facebook is the reigning King of social media, it may need to make some room for another social network that’s gaining some momentum in the interactive race.  It’s no secret that Twitter has become an online phenomenon, I mean who doesn’t wake up first thing in the morning and check their Twitter time-line to see what they missed during their hours of slumber? It’s almost calming to know that much activity can still go on even when you’re not a part of it at that moment. It’s like the social network that never sleeps. But I digress…

Recently the Pew Research Center and the eMarketer conducted surveys and studies regarding Twitter’s current status in the digital world and have even made predictions regarding Twitter’s future. So how do you think the site did? I’ve included some of their statistics that may exhibit some astounding and surprising information about where the site currently is and where it could be in just a matter of a year.  Are we ready to turn over the crown to Twitter eventually?

One thing that can definitely be said is that Twitter is on a roll when it comes to overall earned revenue and even predicted increases in the network’s 2011 ad revenue. Just last year Twitter generated $45 million and is expected to make a huge jump by over $100 million this year.

The Pew Research Center has analyzed the typical Twitter user and their behavior when using the social site. Surprisingly despite the success Twitter has seen and will continue to see in ad spending, the percentages for the demographics that utilize the service were slimmer than I had imagined. In fact it seems that even though there are millions of people that sign up for the online social service only 8% of online adults said they do use Twitter, with 2% doing so on a typical day. The survey also exemplified that 74% of American adults are Internet users, which means that the Twitter cohort amounts to 6% of the entire adult population.

I would’ve thought those numbers would be bigger. But in due time I can only imagine how much these figures will increase within the next couple of years, especially considering the predictions being made regarding Twitter’s successful ad revenues and increasingly amount of accounts being opened each year. In fact at least 100 million accounts were opened just in the year 2010. Can you imagine by 2014 or 2015?

All we can say is stay tuned and keep a close observation on the evolution of social media. I have a feeling that these social networks will not only change the face of the internet and how we use it, but may even change the world. Imagine that.

postheadericon Online Shopping Outdoes Itself This Holiday Season

Black Friday has come and gone and the holiday season is almost done all together, so many wonder exactly how well did online business perform? Statistics have rolled in answering just the question and more. It’s evident that the internet, and social media specifically, have played a major role in the way web users communicate and shop, so how much of an impact did these methods actually make on this year’s holiday season compared to last year? Apparently this year online patrons increased business revenue by 16 percent compared to last year, by opting to research and shop online as opposed to in-store. In fact according to Coremetrics online, shoppers spent more this year with the average order total at $190.80 compared to last year’s $170.19 average transaction amount. That’s a pretty nice increase! PayPal even analyzed consumer spending during Thanksgiving Day and Black Friday and analyzed another big increase of overall 27% online spending compared to 2009.

This chart exemplifies which brands had a bigger buzz on Twitter and had high performances during Black Friday. Retail stores like Walmart and Apple performed exceptionally, taking the forefront in the running for brand activity during the holiday season. Even online charitable contributions increased from 2009 by 45% according to PayPal reports.

With the results of Black Friday and Thanksgiving Day sales and purchases one can only imagine how the years to come will outdo these current numbers. Is that people are getting hip to the idea of convenience and accessibility now. There was once a time where no one even knew how and where to begin with online shopping but with the help of social media and mobile advertising people is starting to get wiser and realize that this is the beginning of a new generation of consumer behavior and interaction. So now instead of trying to survive the hustle and bustle of getting up early just to be at your favorite store before everyone else, you can sleep in, enjoy your day without the hassle. The click of a mouse on your computer or a button on your phone, retail therapy will be so much sweeter.