U.S. consumers, especially those in Generation Z, are increasingly turning to social media influencers and online communities to make purchasing decisions, according to a study of more than 2,000 U.S. adults from Oracle and CRM Essentials. The research revealed that 37% of overall respondents trust social media influencers more than brands; Gen Z and Millennial respondents were twice as likely to trust influencers as Baby Boomers. Gen Z respondents were the most likely to discover products and brands through influencers (32%), compared to 28% of respondents overall and just 13% of baby boomers surveyed. Additionally, 84% of Gen Z respondents have purchased a product recommended by a direct social media influencer, compared to just 46% of the Baby Boomers surveyed. Conversely, Baby Boomers surveyed are seven times more likely than Gen Z respondents to discover new products and brands through traditional TV advertising, while only 13% of respondents use this product discovery medium. When it comes to following influencers, YouTube is the most popular channel overall, with 21% of respondents following influencers on YouTube. However, Gen Z respondents prefer TikTok (25%), followed closely by YouTube (23%) and Instagram (22%), while baby boomers surveyed prefer Facebook (23%), YouTube (15%) and TikTok (5%). A recent consumer survey by CMGroup shows that Generation Z shoppers rely more on social media as a source of product information than other generations of consumers. Nearly half (49%) of Gen Z respondents in the CMGroup survey said they get news and information from YouTube, compared to 37% of millennial respondents. In addition, 23% of Gen Z respondents share news and information on TikTok, twice as many as any other generation. The survey also examined trends in customer service, with notable findings including: Nearly all (98%) respondents find brand customer service frustrating. Only 18% of respondents would like to call customer service when they have a question, including 26% of Baby Boomers and 14% of Gen Z respondents. When submitting a service inquiry to a brand, 31% of respondents would prefer to leave a comment on a brand’s social media page, and 24% would prefer to send a brand a direct message on social media. Gen Z is twice as likely as Baby Boomers to want to receive customer service this way. Respondents trust YouTube and TikTok videos because they are created by other consumers (20%), are easily searchable (19%), are illustrative (16%), and have a variety of options (14%). As younger generations, millennials and Gen Z increasingly have greater purchasing power, the powerful dynamic between user-generated content and today’s social platforms presents brands with an opportunity to reimagine the shopping experience. Editor✎ Ashley/ Disclaimer: This article is copyrighted and may not be reproduced without permission. |
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