According to data released by Barclay analysts, online classifieds represents 14% of the overall domestic online spending! This number is forcasted to keep growing until 2012, and is definitely a market we feel comfortable in with the economy taking a dive. We see more and more users doing business on a local level, and hiring people they trust in times like these. We feel confident that we deliver a product that solves both of these needs.
"The flow of dollars from newspaper classifieds is evident in a 5% growth in online classifieds (like Craigslist and Yahoo HotJobs) to $3.5 billion in 2008, representing 14% of overall domestic online spending. The Internet (led by search and Google) continues its double-digit growth, but a much slower 17% increase to $24.8 billion in 2008 and a more modest 14% growth rate in 2009."
1 comment:
Your post is nice and you said exactly true.Online classifieds places a major role.
Post a Comment