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Internet Travel Monitor - Marketing & Research
May 27, 2009
Advertise or Die
NEW YORK, NY – According to a new Ad-ology Research study, "Advertising's Impact in a Soft Economy," more than 48% of U.S. adults believe that a lack of advertising by a retail store, bank or auto dealership during a recession indicates the business must be struggling. Conversly, a vast majority perceives businesses that continue to advertise as being competitive or committed to doing business.
C. Lee Smith, president and CEO of Ad-ology Research, says "It is critical to advertise in the current economic climate, to maintain long-term positive consumer perception of your brand... advertising... assures consumers of a business' reliability... "
Other key findings include:
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40% of consumers use coupons more now than a year ago;
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Most consumers are as willing or more willing to pay more for ‘healthy' or ‘organic' products than they were a year ago;
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A ‘deeply discounted price' was the number-one factor that would make consumers more likely to purchase a big-ticket item (+$1,000);
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TV, newspaper, direct mail, and Internet top local media from which consumers saw/heard an ad within the last 30 days that led them to take action;
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Store Web sites ranked second only to search engines as the way consumers research products and shop online.
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reserved. From http://www.mediapost.com.
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