A study has indicated that 87 per cent Indians trust recommendations from others over any other kind of advertising, making 'Word-of-Mouth' advertising the most powerful tool.
According to the recent global Nielsen Internet survey, India ranks fourth among the top ten countries globally which trusts recommendations from consumers. Hong Kong leads the list with 93 per cent. Seven of the top ten markets that rely most on 'recommendations from consumers' are in Asia.
Conducted twice-a-year among 26,486 internet users in 47 markets from Europe, Asia Pacific, the Americas and West Asia, Nielsen most recently surveyed consumers on their attitudes towards 13 types of advertising -- from conventional newspapers and television ads to branded web sites and consumer-generated content.
Newspapers came in second (77 per cent) on the list of advertising media that Indian consumers trust the most. However, consumer opinions posted online and brand websites came a little ahead of television advertising with 73 and 72 per cent respectively. Television came in at number five with 65 per cent of Indian respondents considering television advertising as trustworthy.
Nielsen (client solutions) Executive Director Sarang Panchal said, ''As a consumer, one is exposed to advertising in various media but what touches ones chord is either a very innovative message or a product, which is good value for money. Word of mouth brings with it a big 'trust' factor, which is quite often missing in other forms of advertising.''
Advertisements in newspapers rank second (77 per cent) in India and also globally among all media categories at 63 per cent. Other traditional forms of advertising like television, magazines and radio each rank above 50 per cent.
''This result clearly shows that Indians are not averse to new forms of advertising and this is a welcome sign for marketers to explore different advertising opportunities, which are very cost effective too! Blogs and social networking sites are becoming a big tool in the western world to generate consumer opinion, especially regarding new product launches,'' Mr Panchal added.
With 71 per cent in India, magazines made it to the fifth slot as a medium that can be trusted. India is also the ninth country amongst the top ten countries which trusts magazine advertising, according to the survey.
Search engine advertisements (41 per cent), adverstisements before movies (41 per cent), online banner advertisements (38 per cent), and text advertisements on mobiles (24 per cent) are the least trusted forms of advertising in India.
http://www.dnaindia.com/report.asp?NewsID=1126412
Tuesday, October 9, 2007
Indians trust 'word-of-mouth' advertising most powerful tool
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6 comments:
Perhaps www.TrustedWord.com should go global.
Has anyone out there heard about WideCircles.com. It seems like a way better service then regular pay per click. Apparently they are using refering websites ( forums, blogs, wiki, etc. ) and have a viral word of mouth distributed approach to it which is engaging rather ther then interrupting customers. My friend told me he got over 500 visits from single post which cost him around $0.40c, within a few days. I am going to give them a try today . In case you are intrested here is it. http://widecircles.com?imt=3
Has anyone out there heard about WideCircles.com. It seems like a way better service then wasting money on PPC. Apparently they are using refering websites ( forums, blogs, wiki, etc. ) and have a viral word of mouth distributed approach to it. My friend told me he got around 100 visits from single post which cost him $0.40c. I am going to give them a try today . In case you are intrested here is it. http://widecircles.com?s=imt1
Great job on your blog.I just like this..
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