The fourth quarter of the year is nearly every business and brand’s best friend. There is nothing they love more than the idea of massive consumer spending thanks to after-Thanksgiving shopping days like Black Friday, Cyber Monday and of course every shopping day leading up to Christmas.
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For many businesses, it’s this time of year that actually turns them into the black and able to see profits for the year. While so many businesses are focused on after-Thanksgiving based shopping, it seems too easy to simply forget about the massive $6.9 billion that is going to be spent on Halloween based shopping this year.
In this Consumer Spending During Halloween infographic from Blogging.org, we can see some of the mind blowing numbers behind the money being spent on not only Halloween costumes, but also house decorations, average money being spent per person and the top methods for researching and buying costumes in today’s advanced world of technology.
Consumer Spending During Halloween 2015
This year there will be over 157 million Americans celebrating Halloween in one form or another. The funny thing about when you think of Halloween, you probably think it’s just for kids and teenagers, but it’s actually a whole lot more. (source)
For instance, the average spend for each person on Halloween focused purchased is $74. Adult Halloween costumes account for $1.2 billion in purchases, while children’s costumes come in at $950 million.
Of the 157 million Americans who are participating in Halloween activities, 68 million of them are planning on dressing up in costumes, while 49% of them will also be partaking in their own house parties or attending one from a friend or family member. Outside of the costume costs, there is also all of the consumer spending to pay for the travel, entertainment, decorations and food for these parties as well.
The decision process for what costumes to wear or create is also changing as well. For millennials, it’s no longer about going to your local costume shop, now it’s about researching your costume ideas online and seeing what’s hot.
49% of millennials will search online for costume ideas and where to get the best deals vs. 34% actually walking into a retail location, browsing through costumes and making a purchase. In addition to the internet, everyday world trends and entertainment buzz will also play a big part in the costume buying process.
Once a costume is found, social media is the hot spot for sharing photos and Pinterest, Facebook and Instagram are the best places to find and share pictures.
At the end of the day, it’s all about making sure you are prepared for Halloween this year, but don’t worry… plenty of people will be waiting til the last minute as well. 4 out of 10 Americans will begin shopping for the big event within the first two weeks of the month, while another 25% will be waiting around until the last two weeks of the month to pick up some last minute gifts, candy and costumes.
Making Money through Affiliate Marketing
Affiliate marketing is a field through which you can easily make money online and this can helpful to you if you have good capability in marketing the products in a better manner. You are paid if there is a visitor or customer in the site through your marketing process. The affiliate marketing industry comprises of mainly four players which are merchant, that is the retailer or the brand, The network which provides opportunities for affiliates and pay them, affiliate who does the promotion of the goods or services provided by the network and at the end of the chain you can find the customer. The market has become so large and got complicated with more players like affiliate management agencies as well as specialized third party vendors and the super affiliates.
The Best Affiliate Programs in the Market
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If you are a beginner to the world of affiliate marketing, you may have the fear of working with the scams and losing your money, time and effort. There are many affiliate programs available in the market that are easy to start with and ensures a good amount as income to you.
This is a platform that is purely educational and has viral blogging as its prime strategy. This company pays the affiliates for selling the training products on internet marketing. The major specialty of this affiliate marketing program is that the affiliate receives 100 percentage of the commission out of the training product sold by him. This method of online earning can really bring lot of profit to the affiliates if they understand about the market in a proper manner.
This is another kind of affiliate program that is suitable for the beginners in making a good amount of commission. Commission junction can be considered as a marketplace where numerous companies meet with their affiliate programs. You just need to be a member of commission junction, then you can easily apply for any of the affiliate program that you are interested in from the various companies available.
Amazon also offers affiliate program which is not much complicated and is easier for the fresher to start with. As Amazon is there as the brand behind, you can easily make the product sold in the market. This is the kind of website that can be of greater help for you in earning a good amount of income.
Scams in Affiliate Marketing Field
There are various scams in the affiliate marketing field that can make you lose your money, time as well as your effort. There are certain techniques available that can be made used for the purpose of identifying the scams from the genuine ones. There is much amount of difficulty in being successful in the affiliate marketing and so check properly whether you are with the genuine people. There is no means of earning through affiliate programming, other than commissions after selling the products. If some programs offer you with some amazing amount of income, then you can stay away from it.
10 Reasons Why Do Most of the Newbie Internet Marketers Fail
Most of the newbie internet marketers do not stay for a longer period while still in existence. Some of them face the common challenges and they completely lose hope to the extent of quitting the online marketing. This is something that requires a lot of patience and dedication since it will take some time before one fits to the available constraints and challenges. Here are the 10 Reasons Why Do Most of the Newbie Internet Marketers Fail:
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1. They Normally Hunt the Wrong Target People
This is one of the most common mistakes that is normally done by the newbie internet marketers. They may be having some basic skills of marketing but they do not know the right type of audience. They will end up marketing their products to the wrong people who will not have any effects on their products. For instance, one may be selling the sportswear and equipments and they end up advertising them to the wrong people who are not even interested in that particular sporting activity. Such people will just see their products and they ignore without buying since they do not have any interest on them. When such happens, the newbie can easily give up instead of looking for the right type of target people who are interested in buying their products.
2. They Do Not Have the Required Experience
Experience is the main driving force in marketing especially when it comes to the online marketing where you will not meet in person with the target audience. The newbie lack such experience as they do not know the right methods to use so as to capture the attention of the buyers, they do not know the test and preference of particular customers who may be willing to buy their products. They may end up also giving up just because they do not meet those requirements of their customers. This implies that they have to take their time and copy the tactics that are used by the experts. Instead of doing so, most of them lose hope and quit.
3. They Face Stiff Competition by The Experienced And Well Established Competitors
Competition is one of the nightmares that is faced by the newbie in the market. The competitors have a lot of advanced strategies and means to attract more customers easily. If a newbie who do not know more about the online marketing is competing for more customers with such experienced internet marketers, then they will not be in a position to attract more customers. The competitors may be having more advanced technological means market their products which is not normally the case for the new marketers. When most of them are faced with such challenges, they lose hope and quit instead of looking for ways to improve his/her marketing techniques so as to compete well with his/her competitors.
4. Failure to Concentrate On One Idea
The new marketers in the market normally face this problem. They will see many opportunities and marketing options that are available. When they start using one of the methods and they realize that there are other better options, they will try to quit to those better options. When they do so, they will still find other better options and they will want to explore all of them at once. This is very wrong for the newbie who do not have enough experience dealing with all of them. A newbie should concentrate on one idea and try as much as possible to optimize it. When they try all the possible options, they will fail in some of the options and they may end up concluding that online marketing do not work which is not the case.
5. The Newbie Normally Try To Find Shortcuts
These are the individuals who will try to use the shortcut in their online marketing. They will want to use the cheapest methods so as to save on cash. When they do so, they may end up ignoring some important steps that will render their marketing of lower quality compared to those of the competitors. When such happens, they will lose some customers and they may eventually fail in the long run.
6. They Plan More And Do Very Little
Normally before starting their online marketing, they have their plans. They normally plan what they are supposed to do and how they will do them. The problem that most of the new marketers do in the market is that they plan more that they can actually do. They will end up not meeting their planned targets and some of them may end up quitting the internet marketing.
7. They Lack Enough Confidence to Face Their Challenges
Some of the new online marketers may end up not doing it just because they fear the challenges that await them. Most of them will consult some of their friends concerning the challenges and once they are told, they may quit if they have started or they even fail to start. For them to do very well in the market, they should be willing to tackle any challenge that awaits them.
8. They Have Insufficient Knowledge And Skills on Internet Marketing
Most of the new online marketers do not have the required marketing skills and they may end up not meeting the requirements of their customers. The customers may end up losing trust and confidence in them. This is the problem that most of the new marketers face in their niche. They have to take their time to study the trends in the market and to know and master all the tricks that are used so as to fit well in their market niche.
9. They Lose Hope Easily
When the new online marketers are faced with challenges, they will normally lose hope easily and they may end up quitting instead of finding the relevant solutions to their challenges. They are demoralized in case of a challenge as they do not know whether they will encounter the same challenge again in case they restart it or not. The only option they have is to quit instead of finding the relevant solutions to the problem at hand.
10. Insufficient Funds
There are some new technologies and the new online marketing techniques that may require a lot of money. They are usually of great benefits to the marketers and they will attract more customers easily. This is applicable to those marketers who have the required money. For the case of the new online marketers, they may not have enough money to adjust to the new technologies. This will be a great disadvantage to them as more customers will be taken by those with advanced technologies and advanced marketing strategies.
The 6th ROIfestival Celebrates Creativity
Many people see China as the land of cheap manufacturing and inexpensive labor costs. It’s no wonder that everything from the coffee mugs in your cupboard to the smartphones in your hands are typically made in China. Many people may assume that China lacks in creativity and is mostly a place of pure production. However, with such a bustling economy and such a massive population, China has a lot more innovation to offer to the world.
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And that was the basic idea behind ROIfestival, the sixth of which was held recently to celebrate the “rise of innovative economy” and the the growth of the creative advertising industry in the country. The goal is to accelerate the transformation from “made in China” to “create in China,” ushering in a new and promising generation of creativity.
Thousands at 6th ROIfestival
Held in Shanghai over the course of three days, the 6th ROIfestival hosted over 4,000 attendees from many different regions, making it the largest Asian Creativity festival. During that time, 33 keynote speeches were given, two award ceremonies were held, and one grand party was held as a “salute to creativity” in China.
Much of the discussion at the festival was geared twoard the encouragement of a growing creativity economy in China in order to help develop and grow the Chinese economy as a whole. It was said that the creativity economy is the “core of new economy,” and that the professionals in the industry can promote this culture of creativity with advancing innovation.
Among the long list of keynote speakers were BBDO Global CEO Andrew Robertson, Aegis Greater China CEO Li Guifen, Netease CEO Ding Lei, and SMG Shanghai general manager Li Yong.
The Launch of “Business Creativity”
Coinciding with the 6th ROIfestival, the festival’s founder and chief organizer Onicek He also launched his own book on business creativity theory. Titled “Business Creativity,” the work was based on his survey of more than 20,000 entries over the course of the six festivals, bringing forth a new perspective on where the creative industry in China has been and where it needs to go.
In the book, Onicek He discusses not only how to maximize creativity when it comes to advertising and marketing, but also how a company can ensure that it receives the greatest possible returns on its investments when it does so. This falls right in line with the ROIfestival name and mandate. Howard Draft, the father of American Direct marketing, called “Business Creativity” a “virtual bible for people who are working in the creativity industry.
Big Awards for Big Achievements
Along with the many keynotes, ROI Awards were also given out to great achievements in the industry at the 6th ROIfestival. There were nearly 4,000 entries in all in the competition, ranging from global advertising firms to design companies. Many industries were represented, including finance, medical care, sports, and real estate.
For instance, here are representatives from Baidu accepting their search engine gold award. Baidu is easily the leading search engine in China, pushing not only suitable functionality, but also quality creativity in its efforts. In total, 120 gold award winning entries were selected. The guests that appeared on the stage also shared their opinions on the industry and provided inspiration for those who wish to achieve even greater things with the creativity and advertising industry in Asia.
China is a country that continues to grow, mature and develop. It may have a culture that is distinctly different from its counterparts in the west, but with events like the ROIfestival, it is demonstrating that it has a lot of creativity and innovation to offer to the world.
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