Online Reviews & Suggestions [CHART]

  
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Brands can gain significant insights into how to improve already successful products by analyzing online reviews, finds BazaarVoice [pdf] in a March 2012 report. Examining more than 6 million pieces of user-generated content from both in-store and online shoppers, the company found that 12% of all reviews include product suggestions, and that the frequency of suggestions was highest among very positive reviews (4 out of a possible 5 stars), at 20%. A significant proportion of 1-3-star reviews were also accompanied by suggestions, ranging from 16.3-20%, although, somewhat predictably, the frequency of suggestions coming with 5-star reviews was lowest, at 7.26%. Read the rest at Marketing Charts.

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Creating Compelling Content [INFOGRAPHIC]

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One-Third Do Comparison Shopping In-Store [CHART]

  
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34% of mobile consumers in Q4 2011 said they have comparison shopped in-store with their mobile device, while 27% have searched for reviews, 21% have searched for coupons, and 12% have purchased on their mobile phone instead of the store. Consumers aged 25-34 were the most likely to have comparison shopped in-store (39%), almost 40% more likely to do so than consumers aged under 24 (28%). However, those under 24 were the most likely to have purchased on their mobile phone rather than from the store (15%), slightly ahead of 35-44-year-olds (14%) and 25-34-year-olds (13%). Read the rest at Marketing Charts.

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Millennials Trust Online Reviews More Than Friends & Family [CHART]

  
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51% of Millennials (born between roughly 1977 and 1995) say that recommendations from strangers through user-generated content (UGC) on a company website is most likely to influence their opinion when making a purchase, compared to 49% who say that recommendations from friends and family is most influential, according to [pdf] survey results released in January 2012 by Bazaarvoice. By contrast, Boomers (born between roughly 1946 and 1964) are almost twice as likely to favor recommendations from friends and family over UGC (66% vs. 34%). Read the rest at Marketing Charts.

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