Rent to Own Online
"All Rent to Own...All the Time"

Home

| About RTO Online | RTO Tradeshow | Press
#1 Online Destination For the Rent to Own Industry
Trade portal for companies who rent to own furniture, electronics, appliances, custom wheels, jewelry and other home goods.
Rent to Own Online
Rent to Own Tradeshow
Who's Who in rent to own  
The Rent to Own industry's event photo album  
Video podcast interviews with Rent-to-Own industry professionals  
Audio podcast interviews with Rent-to-Own industry professionals  
Rent-to-Own Industry Federal Legislative Guide  
Rent to Own Industry Jobs and Resumes  
Search Rent to Own Online  
Subscribe to
RTO Magazine

E-mail Address :

Manage Subscriptions
 
RTO Magazine
 
United States Rent to Own Store Locator  
State Rent to Own Law  
Rent to Own Websites  
Rent to Own Industry Poll  
Editorials By Rent to Own Professionals  
Rent to Own Stocks  
Rent to Own Links  
Rent to Own Industry Events  
Rent to Own Online Archive  
Rent to Own Industry Training  
Advertise on the number one website for rent to own professionals  
Rent to Own Industry Blog  
Rent to Own Chat  
Rent to Own Industry Forum  
Rent to Own Industry Glossary  
National News  
Contact Rent to Own Online  
 

Site Statistics

 

Poll

 

Survey
Word-of-mouth Recommendations, Internet Search Engines, and Promotional Offers are Key Drivers in Consumer Electronics Purchases
11-11-03
RTO Online
Email this page to a friend

Rate: 

Your email address Worthless Helpful I have tears of joy Better than War and Peace

Add your Comments

Factoids

 

 

A recently completed consumer survey conducted by Lucid Marketing, a customer relationship and loyalty marketing firm, concluded that price, word-of-mouth recommendations, Internet search engines, and promotional offers are key drivers in consumer electronics purchases. The findings suggest that brand recognition no longer is a primary motivator in the consumer buying process.

"The study conclusions reflect important consumer motivations regarding electronics purchases, pointing to ways manufacturers can better communicate with customers, increase brand loyalty, and enhance profitability, says Kevin Burke, strategic leader for Lucid Marketing.

advertise here

"We now have strategic information that suggests that manufacturers looking to maximize brand loyalty and referrals should consider strengthening relationships with past customers," he continues. "Further, manufacturers need to devise new strategies for differentiating their products rather than relying on the strength of their brand image."

Some of the study's significant findings include:

  • Consumers are reluctant to trust electronics manufacturers and prefer
    to receive product information and recommendations from friends and
    relatives.
     

  • While consumers welcome communications from manufacturers regarding
    promotions and discounts, they prefer to receive it via e-mail and direct
    mail.
     

  • Brand reputation is not as defining a factor as it once was. Product
    features, style, price, and warranty are now equally important.

The September 2003 survey posed 21 questions via web form to a group of 437 people randomly selected from a list of consumers who requested information about consumer electronics.
Lucid Marketing, headquartered in Allentown, New Jersey, is a recognized leader in customer-centric marketing and is on the forefront of creating relationship and loyalty marketing solutions for some of today's leading companies.

RTO Online is the official channel for Rent-to-Own Industry News and the only independent source of news for the rent-to-own, rental-purchase, lease-purchase trade. RTO Online (Rent to Own Online) represents the choice of the entire RTO Industry for trusted information, as it happens.

Tell us what you think
Rate the article at the top of this page