Tuesday, July 10, 2007

Consumers Spend More on Electronics if Studied First on Web

Apparently there are people who get paid to do this...

According to new research from Yahoo! and ChannelForce, consumers who search online for televisions and digital cameras spend ten percent more when making their purchase in-store than those who did not use a search engine. The survey also found that a vast majority research products online prior to making in-store purchases, and that online research is helping consumers make key purchasing decisions before they enter a store.

Key findings include:

Seventy five percent who researched their purchases before visiting a retail location used the Internet as their primary source of information. The leading online resources were retail Web sites (73 percent), manufacturer websites (68 percent) and search engines (49 percent). Those who search spend an average of $31 more on digital cameras and $46 more on digital camera packs.