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Traditional
communication mediums alone will not necessarily reach the
consumer a retailer wishes to attract.
Doug Knorr, president of
Knorr Marketing, told the Western
Home Furnishings Association, "Putting money on the bottom line
requires a holistic marketing approach. Advertising alone cannot
accomplish this goal. Instead, retailers must address every part
of their business – from store branding and operational
cost-cutting to public relations, websites and social media."
Related: Erika Sparrow was recently named
Vice President of the Home Furnishings Division of Knorr
Marketing where she will produce marketing
communications plans, branding initiatives and promotional
campaigns for independent rent-to-own accounts (see story).
Knorr led a two-part workshop titled, "New Game, Same
Goal…Win!" that was conducted over two days during the 2009
Western Home Furnishings Association Conference and Expo held in
Maui May 17 - 19. Knorr writes a column for the monthly NHFA Home
Furnishings Retailer magazine Turn it Around.
To support his assertion that a holistic marketing approach
is needed for successful retailing today, Knorr said "The
Internet has taken center-stage in terms of enhancing retail
today. It is the only medium that allows the public to
'self-elect' what they want to view 24/7 at their own
convenience."
To emphasize the important role the Internet plays in public
communications today, and why a retailer must present relevant
website information to the consumer, Doug cited the following
statistics:
- There were 220,141,969 Internet users in the United States as
of June, 2008. That's 72.5% of the population, according to
Nielsen//NetRatings. .
- During the month of November, 2008, Nielsen Online reported
that 169 million of those total Internet users were online.
The monthly data showed 51.6 percent or 87.2 million of those
active online users were female. The average female spent a
total of nearly 64 hours and 52 minutes on her PC and logged 54
sessions during the month.
48.4 percent of users (82 million) in November, 2008 were male.
The average male spent a total of nearly 69 hours and 14 minutes
on his PC and logged 60 sessions during the month.
- Internet usage appeals to all races, too. In fact, 68% of
African Americans reported they were online, according to a 2008
survey by Yankelovich. Among Black teens, the number of
digitally
connected is even higher, with 90% reporting they are online. Of
all Black Americans, two-thirds say they shop online
- The Pew Internet & American Life reported that 81 percent of
all Internet users look for information online about a service
or product they are thinking of buying.
- 46% of women in the U.S. surveyed by "SheSpeaks" use social
networks. More than four out of 10 women in their 40s surveyed
in October, 2008 by "SheSpeaks" had a social networking profile.
And over 70% of women with children ages 13 to 17 had talked
about products on social networks, compared with 62% of all
responding women.
- 62% of Internet users read reviews of companies and products.
- 80% of these Internet users said that the reviews affected
their buying decision.
In other words, traditional communication mediums alone will not
necessarily reach the consumer a retailer wishes to attract.
And, while the Internet does include advertising, it is
primarily an information-driven communications medium.
Doug went on to explain how non-advertising strategies, such as
public relations, also play a major role in branding a retailer
as well as driving traffic to a retailer's website. He noted
that a national survey conducted by Opinion Research Corporation
in March, 2009 asked online respondents to rate their likelihood
to read and act upon five types of online "advertising." The
results?
- Articles that include brand information: 51%
- Email offers: 47%
- Sponsored search engine links: 39%
- Banner ads: 25%
- Pop-up ads: 13%
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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. |
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