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Last month Britons spent £4.4 billion online, which represents a 13% increase on the same period last year.
The latest IMRG Capgemini e-tail sales index will make pleasant reading for many online businesses. Whilst economic instability continues throughout the Eurozone, Britons are still spending more than ever online [see: Consumers spent over £4bn shopping online in April | New Media Age].
April saw online spending rise (again) to £4.4 billion. This 13% yearly rise came despite fears over the economy and continuing travel concerns caused by volcanic ash. In fact the latter of these was one of the few sectors to suffer a significant drop since March, with 9% less being spent on online holidays.
The big winners were those businesses involved in selling Home and Garden (+32%), Clothing (+21%) and Health & Beauty (+16%) products. With summer on the horizon and warm weather creeping in, these sectors are likely to dominate in future months too. So if you are selling these goods, this is when you should be upping your online marketing efforts and taking advantage of the influx of online consumers.
So despite reports that we could be entering a new depression and world markets plunging in unison, buyers clearly aren’t being perturbed. Online retailers are selling more than ever before and there is nothing to suggest that trend will change any time soon.
In today’s multichannel world, there are mountains of data which provide insights into how users have interacted with your business and their path to conversion (or non-conversion). It is important to understand performance with multichannel marketing, which can be achieved through attribution modelling. Attribution refers to assigning credit to something (a channel, touchpoint, etc.) for the role it played in the final conversion. An attribution model is a rule, or set of rules, that assigns this credit correctly to the right channel or touchpoint.
For a long time, Bing, the UK’s second-largest search engine, has been underappreciated and, in some instances, even ignored. Often regarded as the inferior search engine to market leader Google, Bing has historically struggled to appeal to many in the digital world. Most PPC analysts would give justified reasons for neglecting Bing for so long; these include the volume of traffic and the user experience just not matching up to Google. However, the validity of these assessments is now diminishing. Bing has grown and improved rapidly in the last couple of years; if you are not integrating it into your comprehensive digital marketing plan, you run the risk of missing out on a large portion of your chosen market and significant revenue.