Ever been shopping online, typed a search into Google, and been overwhelmed by the flood of information you received? You’re not alone. When we surveyed consumers recently, they said they were happy with the amount of information and choice they had, but their behavior reveals the opposite: they spend 12% more time researching purchases today than two years ago and 20% of consumers continue to conduct research post-purchase to make sure they bought the right thing. Effectively, consumers are stuck on a “research treadmill”: once consumers begin to research more, they assign more importance to the purchase, increasing their research expectations. This ends with less confident and less loyal consumers.
One industry particularly vulnerable to the research treadmill is online fashion where a seemingly infinite array of choices can leave the consumer struggling to choose. But a group of e-retailer sites seems to have grasped the problem; they are helping consumers reduce the number of choices they must make and the time they spend researching purchases. Sites like ShoeDazzle, Send the Trend, and JewelMint are combining advanced technology with old-fashioned techniques to help consumers navigate a bewildering array of options. They do this in two ways: Read More »

The first Saturday in May is the date for the famed Kentucky Derby, a grade 1 stakes race for three-year-old
Consider all the screens you interact with on a daily basis: smart phone, tablet, desktop, laptop, in-store video, big-screen TV, screens at sports events, screens in automobiles/ airplanes, and many others. Total adult daily viewing devoted to watching all of these screens: 8.5 hours (for those age 45-54, its 9.5 hours). That’s a lot of time spent peering at a screen and a great place for marketers to reach consumers. But what about all the marketing communication we receive on these screens every day? Do we absorb them all the same way? Do they stick with us equally, regardless of the format?
Did you ever hear the story about how Americans came to drink (and love) orange juice? Maybe its ancient business lore, but until last year, when it was
Our B2C research on the consumer purchase process is suggesting that consumer habits and routines are a large driver of repurchase and recommendation. Habits are
Reading
In our recent research on consumer marketing about the changing consumer purchase process, we’ve had the opportunity to speak with
The week after Super Bowl Sunday is often the time for a fun debate on the best and worst commercials that aired – some of the most expensive television advertising we’re likely to see all year. What makes a memorable ad? Cute babies, a catchy soundtrack? New developments in neuroscience are shedding light on how the brain responds to ads and stores memories. Scientists believe different parts of the brain store different types of memories. For example, our prefrontal cortex supports cognitive memory while our amygdala houses behavioral memory. In fact, our implicit memory can influence attitudes and decisions without entering our conscious thought.
New research in neuroscience is shedding light on how and why consumers buy. Consider: our senses are taking in about 11 million bits of information every second but our conscious brain can only process 40 bits per second – a small fraction of all that information. So how do marketers get into that tiny bit of consciously considered information?
The Wall Street Journal
