The Why Before the Buy Offers Insights on Consumer Behavior and Local Business Impact
New Research Sheds Light on Key Factors Influencing Business Consideration & Consumer Buying Decisions
Los Angeles, CA – New research from YP℠, the leading local marketing solutions provider and publisher of yp.com and The Real Yellow Pages®, conducted by Thrive Analytics and the Local Search Association reveals The Why Before the Buy℠ – the factors that influence a consumer’s shopping patterns and their decision to make a purchase or not to make a purchase.
“Consumers today zigzag between devices, platforms and locations to discover products and services, and we wanted to find out why,” said Allison Checchi, Chief Marketing Officer at YP. “Our goal was to get a deeper understanding of what influences consumers to make a decision to go with one business over another. We’re excited to share this information to help business owners better connect with consumers.”
Consumers Value Basic Information and Contextual Content
While nearly 52 percent of consumers make their decision based on primary information, 48 percent made their buying decisions based on secondary information, and consumers who said their decision was based mostly on secondary information spend an average of two times as much as those using only primary information.
Consumers Won’t Consider a Business with Wrong, Inaccurate or Incomplete Information
Just as there are key factors consumers consider before making a purchase, there are factors that influence a consumer’s decision to not consider a business. While high prices are the number one reason to not consider a business at 62 percent, other reasons not to buy include negative ratings and reviews (55 percent), inconsistent information from one place to the next (37 percent), inaccurate information on a business’s website (37 percent), wrong contact information listed online (32 percent), no testimonials, ratings or reviews (27 percent) and no photos or videos of the business (17 percent).
Consumers Turn to Mobile Devices to See Nearby Locations
The majority of consumers (64 percent) are device hopping, with smartphones playing a role at some point in the search process. Aside from convenience and speed, some of the top reasons for using a mobile device are the ability to use the functions integrated into the phone to be able to see a nearby location and the ‘click-to-call’ feature.
“A strong digital presence is critical to connecting local businesses with consumers wherever they are, on whatever device they’re using,” said Checchi. “This research shows that consumers won’t even consider a business that has an inaccurate or incomplete online presence and that businesses are missing out on opportunities if they don’t have basic information and contextual content.”
For more information on “The Why Before the Buy,” visit whybeforethebuy. Also, follow the conversation #whythebuy.
About “The Why Before the Buy” Survey
Thrive Analytics surveyed 5,418 U.S. adults online from July 29th to August 10th about their past 90-day local shopping activities. The study focused on the sources of information adults used while shopping for local products or services, their reasons for using those sources, and post shopping related activities. The study targeted shopping behaviors and activities for eight business categories and 90+ subcategories.
YP is the leading local marketing solutions provider in the U.S. dedicated to helping local businesses and communities grow. YP’s flagship consumer brands include the popular YP℠ app, yp.com and The Real Yellow Pages®, which are used by nearly 60 million visitors each month in the U.S. (Internal Data, April 2016). YP solutions include online presence, local search, display advertising, direct marketing and print directory advertising. YP solutions and services are backed by thousands of marketing consultants and customer service professionals in local markets across the U.S. with relationships spanning nearly half a million advertisers. For more information on YP, visit us at http://corporate.yp.com. Follow us on Facebook: https://www.facebook.com/ypforbusiness and on Twitter: @ypforbusiness.
Categorised in: Press Release