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Learning Objectives
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Types of Information Sought
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Types of Information Sought
Information Search
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Types of Information Sought
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Types of Information Sought
Example of Decision Alternatives for Laptop Computers
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Sources of Information
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Sources of Information
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Sources of Information
Source: World Internet Usage Statistics News and World Population Stats (Bogota, Colombia: Miniwatts Marketing Group, March 2011.
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Sources of Information
Internet is a Major Search Avenue
•Online information is
expected.
•Online information boosts
offline sales.
•Online sources are viewed as
valuable.
•Online sources reduce
salesperson’s role.
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Sources of Information
Internet Search Activities
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Video Application
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Sources of Information
The Nature of Search Using Online Search Engines
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Sources of Information
Information Search on the Internet
Economic considerations are a major motivator of online
search.
Information overload is a challenge.
Comparison shopping sites use Bots or shopping bots,
bots to
help consumers in their search and decision making.
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Sources of Information
Driving Information to Consumers
Banner ads
Permission-based e-mail
Social media
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Sources of Information
Driving Consumers to a Firm’s Information
Offline Media such as print and TV.
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Sources of Information
Driving Consumers to a Firm’s Information
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Amount of External Information Search
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Costs vs. Benefits of External Search
Market Characteristics
Product Characteristics
Consumer Characteristics
Situation Characteristics
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Costs vs. Benefits of External Search
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Marketing Strategies Based on
Information Search Patterns
Sound marketing strategies take into account the nature of
information search prior to purchase.
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Marketing Strategies Based on
Information Search Patterns
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