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Online Research Driving Purchasing Decisions


Purchase decisions go beyond recommendations

Before deciding to buy recommended products or services, the majority (81%) of Americans will go online to verify recommendations, specifically through researching product/service information (61%), reading user reviews (55%) or searching ratings websites (43%), according to a new report by marketing firm Cone.

"Consumers have become extremely savvy about how brands are marketing to them," said Bill Fleishman, Cone's president and head of Brand Marketing.

"Partly due to an increased skepticism toward brand marketing, consumers have elongated the decision-making process to seek additional sources of affirmation before making up their minds. As marketers, we have another step to take before we close the loop."

Increasing skepticism of traditional media, technology advancements and growing online connectivity have all combined to give consumers control of their research volume before deciding what, when and how to buy.  Personal recommendations alone are no longer enough to guarantee a purchase, as three-quarters of consumers (77%) agree they are more likely to purchase products or services when they can find additional recommendations about them online.

Among 25- to 34-year-olds, online verification is even more vital; 91 percent will go online to verify recommendations before making a purchase and nearly the same number (90%) are more likely to purchase products or services after finding additional online recommendations.

Online verification does take on a more crucial role for certain purchase criteria. For example, two-thirds of consumers will go online to verify recommendations about products or services they'll own for many years (66%) or those that have an unfamiliar feature (65%). Product claims are also fair game, as Americans will verify recommended products or services with health and safety claims (66%).

"While online verification may not be required for every product category, our research shows that there is a wide range of products and services that will be scrutinized via the Internet regardless of price point," said Fleishman.

"Online verification is now the deciding factor to drive consumers to that final purchase. Marketers who ignore this behavior shift will miss out on a golden opportunity to influence purchase decisions. Reaching influencers online is no longer a nice to do - it is a must do."
 

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News Tags: Technology, Research, Cone
About the author:
Mike Sachoff is a staff writer for SmallBusinessNewz.

Comments

Idea

I think things have taken a turn for the better. People finnaly have a chance to understand a product for themselves before making a purchasing decision. Before the internet people would only buy products based on what they have seen someone else own.

Monitor Yelp and Other Consumer Post

I use online sources all the time to research products prior to making a purchase.  For service businesses, you should take this trend to heart and monitor the consumer posting systems like Yelp and Digg.  I would provide the best service and request that customers/clients make a post about you.  Testimonial pages are also good, but the consumer post is the best.

Online Research Driving Purchasing Decisions

Based what I've seen and experienced an concur with previous posters, the source for potential buyers' research before making a product choice has to be considered. If a consumer of a certain product has had a negative experience, that could reflect on either or both user and product. Where a product has had a reputation over a thirty-eight year span, the integrity of the product will overshadow a flawed application by a consumer broadcasting a testimonial. I love it when I hear about a customer who screwed up but the product gets him/her home in one piece.

Purchasing Decisions

Good article. It's useful for me.

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