Tag: purchase decisions

  • Net has a greater influence on purchase decisions than magazines, TV among broadband users

    MUMBAI: 50 per cent of broadband users in the US say that a recent purchase was influenced by the Internet, 36 per cent were influenced by shopping sites and 15 per cent by search engines.

    This was more than TV commercials (11 per cent) and magazine advertisements (6 per cent), showing the growing impact of online sources on purchasing decisions, as revealed in Netpop Shop, a recent study by Media-Screen, a market research firm that focuses on online consumer trends.

     
    Media-Screen director of research Cate Riegner says, “Online sources are eclipsing traditional media and advertising channels, like radio and television. Retailers need to recognize this trend and adjust their marketing and advertising strategies accordingly. Netpop explores how the new media landscape is shifting shopping habits in order to provide marketers with the data they need to reach modern consumers effectively.”

     
    Netpop | Shop, a report designed for retailers, advertisers and marketers that looks at the shopping habits of broadband users, also examines five distinct product categories: Pricey Tech-Electronics; No Touch Services; Media Mesh; High Touch Retail; and Household Staples.

    Findings reveal the Internet’s significant role in the purchase of many types of items, beyond established e-commerce categories like technology, travel and financial services. In fact, 58 per cent of clothing items and 59 per cent of home and garden items were influenced by an online source.

  • Seminar on pester power influence of kids in purchase decisions on Friday

    MUMBAI: Mind Space Events (India) is organising a marketing seminar on Pester Power: The Increasing influence of Kids in today’s buying decisions in suburban Mumbai on 24 January. This is the first of the series of Continuous Marketing Education programmes to be conducted by Mind Space.

    Pester Power deals with the level of influence children have on purchase and brand decisions in personal and household consumables. Cars, computers, refrigerators, microwaves and televisions, are just some of the items where children directly or indirectly contribute to brand choice.

    The seminar will also address issues connected to understanding and harnessing Pester Power. The seminar will unveil market trends; give insights into domestic competitive issues and business concepts, while initiating exchange of views, exploration of ideas and opinions.

    The faculty for the seminar includes ad guru Alyque Padamsee, Turner International MD Anshuman Misra, Godrej & Boyce executive VP Anil Mathur, Pepsi Foods Executive VP Marketing Sudhanshu Goyala and Lowe Lintas India National Creative Director R Balakrishnan [Balki].

    Mind Space claims to be dedicated to the education & relearning of entry level brand managers to help them think like brand entrepreneurs.