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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.
"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:
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Consumers are reluctant to trust electronics
manufacturers and prefer
to receive product information and recommendations from
friends and
relatives.
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While consumers welcome communications from
manufacturers regarding
promotions and discounts, they prefer to receive it via e-mail
and direct
mail.
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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.
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