May 18, 2014
CHICAGO- May 21, 2014 - As advertisers and marketers continue to spend bigger budgets each year targeting consumers, research shows that those campaigns are missing the mark. A new study by Insights in Marketing, LLC (www.insightsinmarketing.com),a full-service marketing research consultancy based in the Chicago area, revealed fewer than one-third of the American public believed the content in advertorial messages.
"In 2013, US ad media increased spending 3.6 percent to hit somewhere between $160 and $177 billion," said Tinesha Craig, division director for Insights in Marketing. "There's no denying that marketers rely heavily on ads to drive their brand messages home and draw consumers in. But what's the point in those ads if the consumer doesn't trust you?"
In 2012, research by Insights in Marketing found that just 10 percent of men and women agree that marketers effectively communicate with them. In the latest study, the marketing research consultancy followed up and delved more deeply into why consumers felt the way they do towards marketing by asking 3,450 consumers the following questions:
The answers revealed that brands have to overcome enormous levels of skepticism. Only 31 percent of those surveyed agreed that they believed what advertisers and marketers said about their products/services, while the remainder didn't believe the ads or indicated indifference. In addition, just more than one-quarter of people surveyed, or 26 percent, believed advertisers and marketers were trustworthy. And just 25 percent of consumers said that the images portrayed in advertising reflected reality.
When analyzed by gender, the results were even more telling:
The results showed that millennial men were actually the most open to advertising messages.
Despite the high levels of distrust that consumers revealed in the recent survey, there is a silver lining: 57 percent of consumers agreed with the statement "I learn a lot about products/services from advertising." So even though ad campaigns may not influence the majority of purchasing decisions, they do increase awareness.
About Insights in Marketing, LLC:
Insights in Marketing, LLC (IIM) is a research-based marketing consultancy dedicated to maximizing your brand's impact by providing a complete consumer understanding. IIM's experienced consultants deliberately leverage qualitative, quantitative and psychology-based research approaches that start with the consumer and offer a definitive roadmap for success. For more information about IIM, visit the IIM website, blog, LinkedIn, Facebook page and Twitter feed.
Join the IIM Community and get helpful tips, ideas and solutions for capturing the consumer voice.