Preview

The Zero Moment of Truth Macro Study

Satisfactory Essays
Open Document
Open Document
2321 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Zero Moment of Truth Macro Study
The Zero Moment of Truth Macro Study
Google/Shopper Sciences U.S., April 2011

Objectives
How is shopper behavior changing in a digitally powered world? What role do new media like social & mobile in shopping? How are shoppers’ expectations of the physical changing?

retail store

How does pre-shopping change actual purchasing?

Source: Google/Shopper Sciences, Zero Moment of Macro Study, Apr 2011 N = 5,000 www.google.com/think/insights

Google Confidential and Proprietary

Methodology
A quantitative review of decision making behavior across shopping, services and voting. Online shopper surveys with interactive game-like construct Fielded in March 2011 in the US Connect as close to purchase decision as possible N=5,000 Shoppers:
– 500 each in Auto, Tech, Travel, Voters, Restaurant, OTC Health, CPG Grocery, CPG Beauty/Personal Care – 250 each in Credit Cards, Banking, Insurance, Investments
Source: Google/Shopper Sciences, Zero Moment of Macro Study, Apr 2011 N = 5,000 www.google.com/think/insights

Google Confidential and Proprietary

3

Summary
• The length of the shopper’s purchase journey varies greatly by category. But even within a spontaneous category like restaurants, we see thoughtful behavior of several hours to several days leading up to decision. • The number of sources used by any shopper for any average shopping occasion has almost doubled, from 5.2 to 10.4 sources used. • 84% of all shoppers use ZMOT sources in the path to purchase (f. ZMOT is a critical part of any shopper’s purchase journey and is as important, if not more, than stimulus and FMOT. • Searching online is at the same level or eclipsing friends and family as a source used in the purchase process, which is a first. • While overall usage of online social and mobile sources are lower than other sources, they are on the rise. Among the group who use online social and mobile sources, they rank the mobile information as highly influential in shaping their

You May Also Find These Documents Helpful

  • Better Essays

    Online sales totaled $176 billion in 2010. This is an increase over the previous year of over 11 percent and, online retail sales are predicted to grow an addition 10 percent a year until 2014 (Biederman, 2011). Online sales have affected the way businesses conduct their operations and require strategic planning to obtain future growth. It has been shown that 36 percent of online shopping consumers continue to shop in local brick-and-mortar stores; however, 57 percent of these consumers have claimed to reduce the number of trips to brick-and-mortar stores in favor of virtual shopping (Louong, 2006). Increases of virtual versus traditional store shopping require businesses to conquer multichannel storefronts and contributes to the loss of sales tax revenue for local communities.…

    • 1592 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Also, developments in mobile phone technology are drawing more consumers away from brick-and-mortar stores toward online retail platforms. As a result, over the five years to 2012, the number of…

    • 4037 Words
    • 17 Pages
    Good Essays
  • Good Essays

    The advent of mobile commerce (m-commerce) has begun to create significant changes in the way consumers make purchasing decisions. The introduction of online shopping first began to draw customers away from brick-and-mortar retailers, changing the location of where they made their purchases. The use of mobile devices has expanded the location of purchase decisions even further, so now consumers can make purchases from almost anywhere, so long as they have a mobile device with them. It also has leveled the playing field for consumers in many cases, as it allows them to comparison shop on prices of products that they might find in stores.…

    • 1023 Words
    • 5 Pages
    Good Essays
  • Good Essays

    It seems that many of us are discovering a new and more convenient way of shopping, and this would be online. Online shopping has become a major way of making purchases today, and it seems to offer everything that your local department, grocery, or drug store does, only with more convenience. On the other hand, there are those “Die-Hard” shoppers who would rather pound the pavement and deal with the hustle and bustle of the crowds, either because of habit or tradition. The “Brick-and-Mortar” shoppers are the most common folk, who wouldn’t have it any other way, because to them there’s just something about personally choosing the items that they are purchasing. The online shopper seems to be less particular, when it comes to online shopping; you have to have a certain amount of faith in certain web sites when buying anything from items for the home to clothing. Online vs. Brick-and-Mortar shopping seem to be two ways of doing the same thing.…

    • 1130 Words
    • 5 Pages
    Good Essays
  • Better Essays

    In today’s economic society people are more cost conscious and look for sales and deals when they make purchases. As people are becoming more frugal in their spending, there are still millions of dollars spent annually on purchases. Today’s technology has helped with finding the best deals and although the basic concept of shopping has not changed, the way people shop has changed from brick-and-mortar shopping to logging online and shopping.…

    • 1705 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Consumer Decision Process

    • 1042 Words
    • 5 Pages

    Consumer decision process represents a road map of consumers’ minds that marketers and managers can use to help guide product mix, communication, and sales strategies. The model captures the activities that occur when decisions are made in a schematic format and shows how different internal and external forces interact to affect how consumers think, evaluate, and act. The main purpose of this model is to analyze how individuals sort through facts and influences to make logical and consistent decisions. Consumers typically go through major stages when making decisions: need recognition, search for information, pre-purchase evaluation, purchase and post-purchase evaluation. The study of consumer behavior primarily focuses on these stages and how various factors influence each stage of consumers’ decisions. By understanding the stages in the consumer decision-making road map, marketers can discover why people are or are not buying products and what can be done to get them to buy more or buy from a specific supplier. Many companies seek to use WWW to communicate with potential customers and thus result in an interactive media called shopping in online environment which allows for very high degree of interactivity.…

    • 1042 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    The convenience of shopping has to fit the consumer’s lifestyle. Online shopping may be more convenient for some people that have a very busy lifestyle. Online stores are always open so shopping can be done any time. To shop online it is as easy as sitting down on the couch and opening the computer or to use a cell phone to make purchases. If the crowds of the traditional stores are too much to handle, it may be more of a convenience to make purchases…

    • 1193 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Online shopper surveys with interactive game-like construct Fielded in March 2011 in the US Adults who purchased a new automobile in the past 2 years N=500 shoppers…

    • 2452 Words
    • 10 Pages
    Good Essays
  • Good Essays

    The fact that many consumers use the Internet to research products before actually making purchases has many implications for online merchants because it suggests that…

    • 8587 Words
    • 35 Pages
    Good Essays
  • Better Essays

    Another research gap in previous studies lie in the selection of their samples. Usually, the samples in online shopping studies are selected through convenience sampling (Pavur et al., 2016; Pandey & Chawla, 2014). Using random sampling techniques will garner generalizable…

    • 944 Words
    • 4 Pages
    Better Essays
  • Better Essays

    The Internet has changed the way we do virtually everything, including the way we shop. However, shopping is not the only thing that has changed. In the last decade we have changed the way, we apply for loans, study, and even plan a vacation. Doing any of these things would have been impossible a few decades ago. At present, online banking, paying bills, ordering new services, and shopping online have become part of our daily lives. Traditional brick-and-mortar stores have been around much longer than online stores, but we cannot deny that online shopping is giving the traditional stores competition. Many consumers still choose to shop at regular brick-and-mortar stores because they like to see and touch the product they are buying, but whether you are buying clothes, electronics, cars, houses, and even rare items shopping online will save you not only time but also money. Traditional brick-and-mortar stores used to be the preferred choice, but a recent study done by Pew Internet & American Life Project, shows that 71% of all U.S. adults shop online. Online shopping is more beneficial to the consumer, and many people are choosing it instead of conventional shopping for its convenience, versatility, and reliability.…

    • 1023 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Life events emerged as the catalyst for starting or stopping online shopping. While convenience was a motivation for shopping online, issues of service quality, particularly surrounding deliveries, made respondents frequently re-evaluate their decision of whether or not to continue to shop online. Most respondents considered online shopping as a complementary, rather than as an alternative mode of shopping for groceries, with users continuing to make purchases in traditional stores, as well as online. Our results have important implications for managers involved in the provision of online grocery operations in the U.K. and indeed in other countries where online shopping for grocery products is at an earlier stage of development. Keywords Internet consumer behaviour, Online shopping, E-grocery Introduction…

    • 7746 Words
    • 31 Pages
    Powerful Essays
  • Good Essays

    Questions on Macro Economics

    • 5082 Words
    • 21 Pages

    2.1 According to the Keynesian view of money, there are three reasons why people hold money. Briefly describe the three (3) motives for holding money and the main determinants of each of these money balances. (15/15) According to the Keynesian view of money, there are three motives for holding money. These motives are transactionary motives, precautionary and speculative motive. Transactionary motive This is the demand for money as a medium of exchange. Money is needed for day to day expenses or day to day purchases of goods and services. Money is exchanged for goods and services that cater for the needs and wants of customers. The goods might involve the most basic ones such as food, water and shelter as well as clothing. Precautionary motive Money as a store of value can be used to cater for uncertainties. People desire money to cater for these uncertainties that might impact on their lives. Unexpected disasters such as death, floods, hailstorms and so on may increase the demand to hold money as a precaution. However certain economic conditions such as the rate of inflation may have special implications on the demand for money for precautionary motives. If the interest rate is too high, the demand for money for precautionary motives increases. Speculative motive Money as a store of value can be demand as an outcome of speculation or expectations.…

    • 5082 Words
    • 21 Pages
    Good Essays
  • Powerful Essays

    E-Commerce Analysis

    • 2140 Words
    • 9 Pages

    In the real world today, people tend to use their mobile device more often than usual. Basically, anywhere you go, you can see people talking on the phone or scrolling on their phone. Mobile phone has hit the massive change of the interaction between one individual. Being in the society nowadays, mobile phone is a must have garget in our life because its too convenient and it brings plenty of advantages to our life. Its makes our life easier to get in touch and settle things in just one click. Apparently, people was doing more and more online shopping, for example from fashion clothes to accessories, from food to groceries item, from cosmetics to skincare, anything you can think of, we…

    • 2140 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    In the video “The Science of Shopping and Future of Retail” Devora Rogers addresses the current trend in shopping in addition to some of the ways this practice has incorporated decision-making. During her speech, the narrator provided an insight into shoppers’ decision-making procedures slightly before purchasing a given item. In reference to the information shared by Rogers, it is certain that in the past, buyers spent little time on limited sources to inquire about products, which they intended to buy. This science of buying goods has transformed over time and it is bound to make further alterations over the next years. Currently, Rogers and her team discovered that consumers apply around 10 sources…

    • 284 Words
    • 2 Pages
    Satisfactory Essays

Related Topics