Brand equity counts. Over half of Chinese consumers make their purchase decisions before they shop
Whether researching offline or online, the study reveals that 51% of shoppers globally make up their mind about the exact brand to buy before they shop. In China, a similar proportion (52%) of “Decided” shoppers kept to their plan and purchased that exact brand. Only 14% were ‘disrupted’ while shopping, ultimately buying a different brand. This means we may see a decline in impulse shopping in-store. Consumers now know what they want, and are less susceptible to in-store deals.
Grace continues: “Building brand equity is key, and the best way to win with these shoppers is help them find what they are looking for quickly: a good experience with the brand online or offline will lead to repeats in the future. The majority of shoppers start their mission with a good idea of the brand they intend to purchase. Brand and sales teams need to work together to win: brand teams increase the share of shoppers decided on the brand, and sales teams closes the deal at the point of sale. There is still opportunity to influence shoppers to change their mind: over a third (35%) of Chinese consumers are open to brand choice when they start shopping. Relevant offers and incentives delivered at the right time – whether online or in-store – are crucial in winning over undecided shoppers as well as stimulating impulse buying.”