The business of digital love
Experience the business of digital with our Valentine’s Day infographic from the Digital Strategy practice of Monitor Deloitte. Our infographic features “The Business of Digital Love,” just in time for Valentine’s Day.
We’ve taken a closer look at some of the trends and data that can be leveraged into business opportunities for many companies on Valentine’s Day, including:
- Businesses that tend to target Valentine’s Day products and services at couples, may be missing a large business opportunity for singles
- Consumer spending for Valentine’s Day can demonstrate traits of inelastic demand, yet despite recent economic turbulence, people appear willing to spend money for love
- Companies associated with the “Business of Love” beat the S&P by 4.2% in the month of February from 2010-121
- 40 million people in the U.S. have tried online dating2 , demonstrating that there may be a potentially large opportunity for marketers to capture a segment that is eager for love
1 Deloitte analysis. http://finance.yahoo.com/; Stocks sourced: 1-800 Flowers, American Greetings, Nestle, Hershey’s, Tiffany’s and Limited Brands