Netextinct – Business, Services & Items the Internet is making extinct

Netextinct –adjective
1. no longer in existence; that has ended or died out: travel agencies are quickly becoming netextinct.
2. no longer in use; obsolete: a netextinct business
3. having ceased operations; no longer active: an extinct business due to the Internet

The Internet provides millions of people instant access to information, products, services, friends and constantly evolves as a child coming of age. With the apparent benefits there have been those affected by netextinction replacing their business model or service with the click of a mouse. Consider when was the last time you called a travel agency to book an airline ticket? Online classified ads are up 500% while newspapers fail or close their doors daily. Car dealerships now accept that most buyers have researched prices, makes, models and know more about the vehicle they want to purchase (due to the Internet) than the salespeople making the classic ‘used car salesperson’ obsolete.

These businesses have become netextinct; victims of the ecommerce (another word that never existed before the Internet). What other businesses or services would you consider to be netextinct or in process of netextinction?

Robert ‘Dot Com’ Jackson
BuilderConsulting.com – Building Better Websites Since 1995
913-814-8844 Corporate Offices

Online Classifieds Usage Double Since 2005

According to the latest Pew Internet Research study nearly 50% of all Internet users are using online classifieds. Forty-nine percent of online adults surveyed said they have visited sites like Craigslist, Kijiji and Oodle, up from only 22% in 2005. The study says that 9% of Internet users visit these sites on any given day, compared with 4% four years ago.

Online classifieds are particularly popular with 25 to 44 year old Internet users, more than half of whom use Internet classifieds, while just under half of 18 to 24 year olds and 45 to 54 year olds 49% and 48%, respectively use online classifieds.

Those figures fall for users over 55 with 35% of 55 to 64 year olds using classified websites, while 26% of Internet users over 65 do.

Use of classified sites also increases with income and education, with online adults earning $50,000 or more, as well as college graduates, considerably more likely to have visited them. The Pew Research study highlights the growing importance of online classifieds to Internet users and reflects the changes in the audience for classified ads in terms of those who place them and those who make purchases using online classified websites which devastated a key revenue source for traditional newspapers.
Craigslist is by far the most used website in the United States. In March 2009 all classified websites averaged 53.8 million unique visitors, up 7% from February. Craigslist alone had 42.2 million unique visitors in the month of March (out of the total 53.8 million total users). Newspaper classified revenue fell from 17.4 Billion to $10 billion over the same period with real estate classifieds down 52% since their peak in 2006. Total Internet ads revanue for newspapers in 2008 was $3.1 billion according to the Newspaper Association of America.

Just as past studies of online users have shown, adults living in households with incomes of $50,000 or more a year are significantly more likely to visit and use classified ads sites than lower earners. More than half (56%) of higher income Internet users use sites like Craigslist, compared with 47% of those making $30,000-$49,999 and 42% of those making less than $30,000 a year. In addition, online adults making $50,000 or more are more than twice as likely as those earning less than $30,000 a year to use online classified ads on a typical day.

The Internet continues to be the strong point in business and live with the numbers clearly showing adaptation by the average user.

Robert ‘Dot Com’ Jackson
www.BuilderConsulting.com
913-814-8844 Office