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

  • 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
  • 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

    Shopping always has been associated with long, dragging lines, parking issues, and the hassle of driving around from store to store until we finally find what we need; but not anymore. Online shopping has given people the freedom to shop at home wearing only their pajamas and still get what they want. Although this might seem like the answer to prayers of many people, online shopping has its flaws as does traditional shopping. To facilitate this decision we have to see if online shopping can measure up to the purchasing power of traditional shopping. To do this we need to weigh both methods to see how they compare to one another. Online and traditional shopping offer choices to shoppers; knowing the risks and benefits of both alternatives is necessary for them to make a smart decision.…

    • 1059 Words
    • 3 Pages
    Good Essays
  • Best Essays

    This report has its limitations due to the task description which only involves two samples. Thus, a holistic research cannot be achieved on the overall population. It is also impossible to sum up a conclusion based on just two decision behaviors and the fact that the two samples happen to be college students increased their probability to buy online due to their knowledge and exposure, thus, neglecting the rest of the population which consists of the not so knowledgeable and the elderly. But nevertheless, it still serves to provide…

    • 3748 Words
    • 15 Pages
    Best Essays
  • Better Essays

    Channel Strategy

    • 1152 Words
    • 5 Pages

    The retail environment is changing; customers are using new technologies in every aspects of decision making from finding alternatives and comparing them to buying and using them. For almost every purchase customers start their shopping by an Internet search. They are also able to compare different retailers’ prices and check the availability in different retailers online. Technology has reduced the effort to find the cheapest and fastest options and by using smartphones you can do it everywhere even when you are standing by the item shelf in a brick and mortar shop and making decisions.…

    • 1152 Words
    • 5 Pages
    Better 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

    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
  • Satisfactory Essays

    One of the reasons that the Internet in general and social media in particular are so effective for consumers is that it’s fast. Shoppers can easily look up your hours of operation, your address and your online shopping opportunities while they are on the train or…

    • 637 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Global Retail Study reveals that shoppers are on the lookout for greater value and are spending time online searching for promotions and discounts Microsoft Advertising and Aegis Media surveyed 19,000 consumers across 17 markets across the world to find out:  How the recession has changed the way people shop, and if these changes have a lasting effect;  The extent to which digital channels have changed the decision making cycle among today’s shoppers;  How shopping trends are evolving. The study zeroed in on four key retail sectors – groceries, apparel, home electronics, and fast food. Hong Kong – key data points Hong Kong shoppers demand greater value  33 per cent of Hong Kong shoppers said that they are using discount coupons more often than before  29 per cent admitted that price is becoming more important to them than brands or quality  27 per cent are visiting more retailers to look for better deals Digital is fast gaining traction as the ultimate research source in Hong Kong  50 per cent use online services for price comparisons at local stores  40 per cent use online services to search for store promotions  40 per cent use online services to conduct online restaurant searches Shoppers are listening to other shoppers – online  Between 49 and 69 per cent of consumers are reading information online about specific product categories such as electronic goods, clothing, shoes and accessories, groceries and fast foods  Word of mouth is starting to shift to social networks, with approximately 27 to 44 per cent of purchasers sharing their experiences online  Shoppers are increasingly seeking purchase advice from family, friends and colleagues, via wordof-mouth and essentially turning them into brand ambassadors Hong Kong shoppers want on demand access  18 per cent of Hong Kong shoppers are currently making payments or are extremely interested in making purchasing goods and…

    • 701 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Miss

    • 1959 Words
    • 8 Pages

    The aim of this report is to identify consumer behaviour and explore the extent of which smart phones are changing how consumers shop and what fashion retailers are doing to support consumers use of m-commerce. The report will show different approaches to m-commerce between different segments from luxury brands to high street. It will examine how retailers adapt new concepts and share information through smartphones to compete in the consumer market. The report will also reflect on what retailers do to engage their customers, and how consumers respond and interpret new marketing strategies. The report will look at many aspects in which M-commerce has been very successful. The purpose is to understand new markets and how consumer behavior has changed over the last years.…

    • 1959 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    The emerging technologies of Web 2.0 have had major impacts in all aspects of social and personal life. These new technologies have become the complicated vehicles for mutual creation and satisfaction of interests (Kozinets, 2017). One of the main outcomes of these new technologies has been a shift in the retail industry. In our consumer society, the buying behavior is now more a ritual, a bravado and a show off, rather than an activity to secure necessary items that satisfy our primary or secondary needs. People carefully evaluate, consult, recommend and buy things as if this is the sole way to determine and enhance their identity. As figures show, the use of Internet is on the rise worldwide and accordingly, it is not surprising that the…

    • 1142 Words
    • 5 Pages
    Powerful 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
  • Powerful Essays

    Online Shopping Case Study

    • 1497 Words
    • 6 Pages

    Online shopping is an E-commerce business that rapidly growth in Malaysia. In fact, it has high rates of Internet usage. There are 15.3 million online shoppers and 62 percent of them use mobile devices such as laptop, Ipad, mobile phone to shop online (“Malaysia-eCommerce”, 2017). According to Tarrence (2017), e-commerce adopt faster while some of the people in East Malaysia are not available to access to a broad range of products in shopping malls. Therefore, people nowadays are searching for products…

    • 1497 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    The internet and communication technology retailing has become a dynamic industry. This is partly because consumers have become technology-dependent (Zhitomirsky-Geffet, 2016). Shopping has evolved over the last few years, and the number of online retailing consumers have sky rocketed. Retailers have evolved and started to innovate through attributes to maximize consumer shopping experience. Retail chains have invested heavily in introducing self-service technologies, such as self-cash desks, informative touch points, interactive displays equipped with touch screens, digital signage and applications for mobile phones, which are supported by Radio Frequency IDentification (RFID) tags. Other retailers have developed entirely virtual stores where consumers can use their phones to locate products and purchase them within the store (Pantano,…

    • 852 Words
    • 4 Pages
    Powerful Essays

Related Topics