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Survey: Past Performance Biggest Influence When Buying Brand



Source: : AdAge, November 20, 2006
Situation
83% of adults said past experience w/ brand main influencer in purchase decisions, says GfK Roper Consulting
Quality and price in 2nd and 3rd place
Personal recommendations in 4th place, underscoring importance of word of mouth
Consumer Reports magazine also cited as strong influencer
48% of respondents said advertising helped them decide what to buy, but 46% said not helpful
Magazines delivered highest percentage-point increase in purchase intent
Significant Points
Research results based on in-person interviews w/ 2K adults in Sept, Oct
Advertisers spent $2,355 per US household in 2005, says Advertising Age
Bureau of Labor Statistics says average US household spent $46,409 on goods and services in 2005
Ad spending in past 5 years averaged 2.24% of GDP
Not much change from 2.21% of GDP back in 1955