| Consumer Electronics Sales Start Online |
|
|
Consumer Electronics Sales Start OnlineJULY 20, 2007Online research helps sales. And competitors.
Consumers
who search online for televisions and digital cameras spend 10% more
when making their in-store purchases compared with those who did not
use a search engine, according to a Yahoo!/ChannelForce survey. The in-person survey was conducted in February and March 2007 at Best Buy, Circuit City, Fry's and Target stores.
Three-quarters of respondents who researched their purchases before visiting a retail location used the Internet as their main source of information. The leading online resources were retail Web sites, manufacturer Web sites and search engines.
Those who searched online before visiting a retail store spent an average of $31 more on digital cameras, and $139 more on TVs, than those who did not search online first. Over three-quarters of consumer electronics purchases are influenced by online research, according to a joint study by Yahoo! and the Consumer Electronics Association (CEA), conducted in fall 2006 by Hall and Partners. That translated into $25.1 billion of the $32.5 billion in sales the CEA measured in 2006. What the Internet gives in information, it can also take away in sales. Online shoppers may visit one retailer's site to research products and then go to another retailer, online or offline, to make the purchase. Over four in 10 respondents to Forrester Research's annual consumer study, published in May 2007, said they bought an item at a different retailer than the one whose Web site they used for research. |
| < Prev | Next > |
|---|
Main Menu
| Home |
| Blog |
| News Cellar |
| Personal Growth |
| Sound Bytes |
| Feeds |
| Links |
| Search |
| FAQs |
| Contact Us |
| Most Read |
| Most Recent |
Latest Entries
Popular
- 18 Millionaires Who Started With Nothing
- A Global Look at the Daily Grind
- Bolivia's "Road of Death"
- Must see movies for Entrepreneurs!
- 101 Great Posting Ideas That Will Make Your Blog Sizzle
- How does human memory work?
- Bloggers Bring in the Big Bucks
- 15 companies that will change the world
- Economic downturn may mean a spike in entrepreneurship and innovation
- The 21-Year-Old Behind a 'Darling' New York Web Startup















