[Home]   [Full version]  

Internet helps pre-purchase deliberations

May 11 ,Technology


The Internet helps U.S. customers make choices when buying products, according to a joint study by Yahoo! and research group OMD.

Entitled "Long and Winding Road: The Route to the Cash Register," the report surveys how cultural shifts brought about by the proliferation of technology have radically altered the way consumers make purchasing decisions.

The study found that the Internet, along with related technologies like camera phones and text messaging, have given consumers a new kind of "social empowerment" as they gather information before they shop. More than two-thirds of shoppers across several product categories still make the bulk of their purchases at physical retail locations -- yet nearly two-thirds use a combination of online and offline sources to gather information before they buy.

"The Internet is far more than just another point of purchase; its biggest impact lies within the awareness and consideration process," said Wenda Harris Millard, Yahoo!'s chief sales officer. "The widespread adoption of social technologies gives marketers an even greater opportunity to continuously engage consumers and make connections across traditional and new media advertising, helping to build brand mindshare and increase offline sales."

Copyright 2006 by United Press International

Related stories:

The most wonderful time of the year?
While the day after Thanksgiving has been the unofficial holiday-shopping kickoff since the 1920s, shoppers this autumn may have found Christmas ornaments displayed not far from the Halloween costumes. The Berkeleyan spoke with three Haas School of Business professors to unwrap the whys and wherefores of this intensely commercial time of year.
Review: Google to rival PayPal in online commerce
The Mountain View, Calif.-based company once again is making headlines, this time with the launch of Google Checkout.
Networking: Syndicated online content
The cost of online content continues to climb, but Internet retailers are not paying the full price for producing it, sources are telling United Press International's Networking column.
Online holiday shopping soars
Online holiday sales jumped this year, with one prominent survey reporting a 30-percent increase over last year's cybershopping.
Gas prices to increase online shopping
Online holiday shopping is poised for strong growth this year, among other factors helped along by higher gas prices.
Several retail analyst groups -- Goldman, Sachs & Co., Nielsen/NetRatings and Harris Interactive -- said Monday they would be jointly tracking online sales during the holiday season, adding that predictions were for a solid cyber-selling season.
Wireless World: Mobile-phone Web browsing
Internet browsing and search features on mobile phones are influencing the decision-making process of consumers, motivating them to buy goods and services to which they might not otherwise have been exposed, experts told UPI's Wireless World.
View from the Top: Movie downloads
It is no surprise that competitive pricing and increased availability have accelerated the decline of the dialup.
View from the Top: E-Commerce grows up
Do search engines make online shopping easier?
Many industry watchers consider this year as the 10th anniversary of e-commerce. Internet access is now nearly ubiquitous in the United States with rapidly proliferating high-speed connectivity from cable, DSL and even wireless. This has led to tremendous growth in e-commerce, and in the last two years broadband connectivity has made online sales skyrocket. This year the forecast is for online retail to approach $110 billion with online travel excluded. Even so, last year online performance at $89 billion was only a miniscule 4.6 percent of total retail revenue, leaving plenty of room for further growth.

News discussion:

Technology news

[Home]   [Full version]