New York:
Despite an ever-expanding array of advertising platforms, consumers worldwide
still place their highest levels of trust in other consumers. According to a recent
global Nielsen Internet survey, word-of-mouth is still unbeaten when it comes
to advertising. The twice-a-year survey among 26,486 internet users across
47 markets from Europe, Asia Pacific, the Americas and the Middle East, Nielsen
conducted its most recent survey on consumers and their attitudes toward thirteen
types of advertising, spanning conventional newspaper and television ads to branded
web sites and consumer-generated content. Says David McCallum, the global
managing director for Nielsen''s customised research services, "Advertisers
around the world are able to reach consumers across an increasingly diverse range
of media platforms. Even so, the recommendation of someone else remains
the most trusted sources of information when consumers decide which products and
services to buy." Adding further, he said even though new media technologies
are playing a role in ''globalising'' society, many purchasing decisions are still
based on firmly-held national and cultural attitudes. Moreover, given that bad
news travels the fastest, estimates tend to reflect that reports of bad experiences
outnumber those of good service by as many as 5:1. The Nielsen survey
also found that while new platforms like the Internet are beginning to catch up
with older media in terms of ad revenues, traditional advertising channels continue
to retain the public''s trust. Ads in newspapers rank second worldwide
across media categories, at 63 per cent overall, while television, magazines and
radio each ranked above 50 per cent, but nevertheless, lower than the print media.
To
what extent do you trust the following forms of advertising? |
Recommendations
from consumers | 78%
| Newspapers
| 63%
| Consumer
opinions posted online | 61%
| Brand
websites | 60%
| Television
| 56%
| Magazines
| 56%
| Radio
| 54%
| Brand
sponsorships | 49%
| Email
I signed up for | 49%
| Ads
before movies | 38%
| Search
engine ads | 34%
| Online
banner ads | 26%
| Text
ads on mobile phones | 18%
| Source:
Nielsen Online Global Consumer Study April 2007 | Base:
All Respondents | >Though
word-of-mouth is still the most credible form of advertising among 78 per cent
of the survey''s respondents, Nielsen''s research found significant national and
regional differences regarding this and other mediums. Word of mouth,
for example, generates considerable levels of trust across much of Asia Pacific.
Seven of the top ten markets that rely most on "recommendations from consumers"
are in this region, including - Hong
Kong 93%
- Taiwan
91% and
- Indonesia
89%.
>At
the other end of the global spectrum, Europeans, generally, are least likely to
trust what they hear from other consumers, particularly in Denmark (62%) and Italy
(64%).
Word
of mouth is a powerful recommendation for Asians. 7 of the top 10 markets who
relied on it hailed from Asia | Hong
Kong | 93% | Taiwan
| 91% | Indonesia
| 89% | India
| 60%
| South
Korea | 56%
| Philippines
| 56%
| Ireland
| 54%
| Mexico
| 49%
| UAE
| 49%
| New
Zealand | 38%
|
Top
& Bottom 5 who rely on someone else''s recommendation |
Hong
Kong | 93% | Taiwan
| 91% | Indonesia
| 89% | India
| 87% | South
Korea | 87%
| Hungary
| 68% | Latvia
| 68% | Italy
| 64% | UAE
| 64% | Denmark
| 62% | Source:
Nielsen Online Global Consumer Study April 2007
| Base:
All Respondents | ALIGN="left">The
reliability of consumer opinions posted online, which rated third at 61 per cent
overall, also varies throughout the world. It scores highest in North America
and Asia, at 66 and 62 per cent respectively. Web-based opinions such
as Blogs are most trusted in South Korea (81%) and Taiwan (76%), while scoring
lowest, at 35 per cent, in Finland.
Consumer
generated media like blogs considered a reliable source of information for North
Americans and Asians | North
America | 66% | Asia
Pacific | 62% | Europe
| 59% | EEMEA
| 57% | Latam
| 53% | Global
Average | 61%
| Source:
Nielsen Online Global Consumer Study April 2007 | Base:
All Respondents | ALIGN="left">
|