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  (Source: optimum7.com)
Google added that its advertising methods online also generated $80 billion of economic activity for approximately 1.8 billion advertisers

Internet search giant Google said that ecommerce generated about $500 billion from online shoppers in the United States last year.

In a blog post, Google described how searching, buying, and selling goods/services on the Web has benefitted both the ecommerce industry and brick-and-mortar businesses in the U.S.

Approximately 97 percent of U.S. citizens jump to the Web to look for a particular item or place to go. According to Boston Consulting Group, U.S. consumers that looked to the Web for their shopping needs spent about $2,000 each last year. That's a total of nearly $500 billion spent in 2011, which went right to main street retail.

Google added that its advertising methods online also generated $80 billion of economic activity for approximately 1.8 billion advertisers.

"We’re proud to be part of such a dynamic industry, and we’re committed to helping make the web work for American businesses," said Margo Georgiadis, Vice President of Google's America Sales. "Through our search and advertising programs, businesses find customers, publishers earn money from their content and nonprofits solicit donations and volunteers. These tools are how Google makes money, and they’re how millions of other businesses do, too."

Source: The Official Google Blog


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yeah right
By tjcinnamon on 7/3/12, Rating: 0
RE: yeah right
By inighthawki on 7/3/2012 3:25:47 PM , Rating: 2
I'd actually be a bit surprised if 97% of US citzens had internet access. Sure it's hard to grasp for most of us, but there are a lot of areas in the US where people don't even have/can afford computers, let alone internet access and the ability to buy something online.


RE: yeah right
By Trisped on 7/3/2012 4:38:00 PM , Rating: 2
It is called a library. You use to go to read books, now you go to surf the web.


4.1 Jellybean
By ShaolinSoccer on 7/3/2012 1:57:56 PM , Rating: 3
I couldn't help but notice how impressive Google voice search was in this video. It can only get better from here. I forsee lots of new ways of shopping from this technology to save money.

https://www.youtube.com/watch?v=kw-RzN4xYyE&featur...




How did Google do this research?
By havoti97 on 7/4/2012 1:26:11 PM , Rating: 2
I guess by peaking into your "free" Gmail accounts and adding up all the transactions.




By Silver2k7 on 7/4/2012 2:01:15 PM , Rating: 2
It might be that several things are not avalible in a *real* store.. or atleast not one nearby.

Like parts for my camera, there is only 1 store nearby that have parts for my Sony camera and its only a limited ammount of very few lenses. I even went to an official Sony store wich is located 200km+ away from my hometown.. and they didn't have anyone of 3 lenses that I wanted to look at in the store!!

For books there are fantasy books in english that I want, and the nearest bookstore have a very limited ammount of those.. its even very limited with translated versions.

The last local music store to buy CD's in closed years ago.. and well the local supermarkets have a very limited ammount to choose from.

For films there is actually 1 supermarket wich have a decent ammount of films to choose from. and from time to time I find something that I want. But if I look for something special.. then I have to order online or go shop in a different town.

I tried to find Eneloop batteries in real stores but never did so ended up purchasing them online.




haha ...
By faizancab on 7/3/12, Rating: 0
"We can't expect users to use common sense. That would eliminate the need for all sorts of legislation, committees, oversight and lawyers." -- Christopher Jennings

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