Price, Quality Info Helps Purchase Decisions
Price is by far the most popular type of information that companies could provide to help women’s purchase decisions, cited by 74% of respondents. Women also clearly want to know about quality information, including quality of materials (38%), quality of craftsmanship (29%), and quality of service (22%). Meanwhile, ratings or reviews from actual users and owners are more important than from experts in helping women make purchase decisions (33% vs. 19%).
Partners Top Factor, Though
Although expert opinions (39%) and third-party endorsements (30%) are significant factors for women in making purchase decisions, spouses and partners (66%) are easily the leading factor. Of note, though, more respondents reported that information found online (40%) was a highly important decision factor to them than their parents (30%), friends (27%), and children (24%). Additionally, information found online was also more significant than information in magazines (17%), newspapers (17%), or on the TV (16%).
More Men Have the Final Say
Data from “Game Changers: Women Defining the New American Marketplace” indicates that women are twice as likely to say they share decision-making equally with their spouse or partner than to say they have the final or primary say (67% vs. 32%). By contrast, men are as likely to say they have the final say as to say they share their decision making (50% vs. 49%).
For purchases of smaller-ticket items, though, women’s influence is greater: just 31% say they share the decision-making process with their spouse or partner for purchases under $100, compared to 45% of men. For purchases over $100, most women and men agree that the buying decision should be jointly made, although a greater proportion of women view the decision that way.
According to a report released in September 2011 by Nielsen, women see themselves as the primary drivers of a variety purchases in the African-American consumer demographic. The largest gap in whether women see themselves or men as the primary purchase drivers was health/beauty, with 77% of women saying they were the primary drivers and only 1% saying men were the primary drivers. There were few categories where a large percentage said men and women have equal influence on purchase decisions. Those were locations for social activities (women 50% and men/women equally 47%), personal electronics (women 47% and men/women equally 41%) and automobiles/other transportation (women 49% and men/women equally 31%).
Other Findings:
- According to the Fleishman-Hillard report, women are more likely than men to wish their spouse or partner would help make more of the decisions for the household (56% vs. 52%).
- Men are less likely than women to say that being the primary decision-maker is stressful (62% vs. 70%) or tiring (55% vs. 66%).
About the Data: The Fleishman-Hillard results are based on a 20-minute online survey conducted from Sept. 8-15, 2011, among 1,270 women in the US aged 25-69 with an annual household income of $25,000 or more. For comparison purposes, 263 men were also surveyed.
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