Thursday, December 07, 2006

Back in Black

I have only two things to say about so-called Black Friday and Cyber Monday. The first is, there is no way on Earth I would venture anywhere near a mall (or any store) on Black Friday, as while I am sure I could probably save a few bucks, the resulting psychiatric treatment I would need would handily offset any savings. (I hate shopping to begin with, for any reason.) The second is, can we all agree that "Cyber Monday" is an utterly inane name (almost as bad as "viral markeing," now that I think about it)?
Online merchants may want to rethink their advertising strategies next year for the weekend following Thanksgiving in light of a report released this week by BlueLithium Labs.

The San Jose, Calif. maker of online advertising solutions reported that "click-through" rates -- the rate at which consumers click on Net advertising -- on the Friday and Monday following Turkey Day were below average compared to the rest of the month.

On Black Friday -- so named because the volume of shopping that day can boost a retailer's bottom line for the year from red to black -- click-through rates were 32.3 percent lower than the monthly average, BlueLithium reported, and for Cyber Monday -- a peak day during the year for online shopping -- click-through rates were 12.6 percent lower.

The report also found that conversion rates -- the rate at which a click-through is converted into a sale -- slumped by eight percent on Friday; however, conversions soared by 29.6 percent on Monday.

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