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The Old Value-Cost Conversation
As I have commented elsewhere, it is a very interesting paper. While I think the recommendations for embracing the online and social element are spot on, I take issue with the scale of the index - particularly Internet beating TV two to one.
This index is based on people rationalising an emotion. How does one quantify and distribute influence? The Internet, as a repository of information and channel of communication and commerce is undoubtedly important, but TV and press also hold a lot of sway, albeit earlier and less consciously. These therefore shouldn’t be overlooked, particularly once synergies and media multiplier effects are counted into.
Furthermore, the way that Internet drives is also very category specific. On some occasions it is as word of mouth recommendation, on others it is as a trusted transactional offering. It is of vital importance to distinguish between these and take action appropriate to your particular offering.
Still, it was a very thought-provoking study, and credit to Harris Interactive and Fleishman-Hillard for adding to the conversation
Simon
If I had to give up either cable or the Internet, there would be now question as to I now feel that I can no longer live without the Internet as a source of learning and entertaining.
I can easily live without both as I am not dependant on it for social connections and there are many other opportunities to ongoing learning such as books and hanging out with people of similar interests.
The apparent contradiction to the web being a source of information and at the same time not very trustworthy does make sense to me. If I examine my own habits to surfing then if I am unable to ascribe a trust factor to web source I need to find more divergent sources that support the information to increase my confidence factor.
But most important if it seems to be too-good-to-be-true then there is probably a catch. Most of all common sense must prevail.
Niels Henriksen
As far as trustworthiness, I think this is where building a personal brand becomes important. Amazon enables this in a sense by allowing you to easily discover other products someone has reviewed. If a product review sounds too corporate and it's the only review on their profile, would you trust that person? Maybe Amazon needs a reviewer trust meter....
Thanks.
Pardon me for these questions but I always follow the ad-age: 'if it's too good to be true, it is'. I don't mean to say that this report is completely wrong and the findings are not true. What I am saying is that 'caution' is required rather than generalising findings on the basis of percentages. Should I call it the 'percentage novice bias'?