Providing market research reports, industry analysis, company profiles and country reports for strategic planning, competitive intelligence, marketing and business research.
Search for Market Research Reports:    

How the Affluent Luxury Consumer Uses the Internet and Social Media: An In-Depth Profile

Published by: Unity Marketing Inc.

Published: Feb. 1, 2010 - 59 Pages


Table of Contents


Major Findings & Take Action Steps

Objectives of the Survey

The Research Methodology

Demographics

Summary of Findings

Who Are the Heavy Internet Luxury Shoppers?

Heavy-Users Purchase More Luxuries for Their Home

Heavy-Users Purchase More Personal Luxuries

Heavy-Users Purchase More Experiences

Heavy Internet Shoppers Spend about Twice as Much on Luxury

Heavy Internet Shoppers Are Heavy Users of Luxury

Where They Shopped Online

Websites that Attract More Young Affluents

Heavy Users Do All the Same Things Online

Heavy Users Spend More Time Online

Heavy-users spend more than twice as much time as regular affluents shopping online.

Trends in Hours Used for Internet Shopping

Search and Brand Experience Draws Internet Shoppers

Trends in What Draws Affluents to a Website

Affluents Expect All Access to their Favorite Brands Through the Internet

Spending on the Internet

What Internet Shopping Gives Affluents

Trends in Features Important in Internet Shopping

Affluents Use Best of Internet and In-store Shopping

Trends in Luxury Website Features

List of the Most Important Features for a Luxury Website

Best Practices: Luxury Marketers Must Be publishers of Meaningful Content

Affluents Enjoy Internet Shopping Just as Much as In Store - And Some Enjoy It More

Profiles on Social Media

Their Most Active Social Networking Site

Social Media Is About Listening to Consumers -- Brands Can’t Afford to be Deaf to

What Customers Are Saying

Demographic Profile of Affluent Social Media Users

Trends in Social Media Use

Social Networking by the Numbers

Facebook is the Priority Social Media Sites

Why Affluents Use Social Media

Different Ways Men and Women Use Social Media

Social Media Used to Connect to Brands

More on Affluent Brand Friends

Why Affluents Friend Brands via Social Media

Affluents Want Access to News They Can Use - and Savings

For Those Not Now Friends of a Brand, Few Are Likely to Connect

Brands need to Give people a reason why They should ‘friend’ them

Affluents Don’t Pay Much Attention to Online Ads

What Influences Purchase

Social Media is Not About Selling Products, but Building Relationships

Social Shopping Sites

Social Shopping Sites Are Up and Coming

Abstract

How the Affluents Use the Internet and Social Media

A new trend report finds that affluents are active users of social media and they spend on average more than 4 hours shopping online

Unity Marketing has just released a new trend report on the affluent luxury consumer and how they use the Internet and social media in support of their luxury lifestyles.

This 59-page trend report, entitled How Affluent Luxury Consumers Use the Internet and Social Media, is based upon a survey of 1,614 affluent consumers (ag. income $239,300). It answers these critical questions for luxury marketers in order to plan their online marketing strategies, including how best to use social media for building their brand:
  • How often do affluent consumers use the Internet in support of luxury goods and services purchases, what do they buy online, how much do they spend?
  • When do they turn to the Internet and why they use it?
  • What are their favorite luxury websites and what specifically do they value about their favorite websites?
  • How do affluent luxury shoppers use social media to learn about luxury brands, share information about luxury brands, and connect with people with similar outlooks on luxury brands?
  • What turns them on about using the Internet for luxury purchasing and research?
A total of 1,614 affluent consumers with incomes of $100,000 or more and who bought luxury goods or services in the fourth quarter were surveyed. from January 8-27, 2010. The result of this survey are compared with findings from similar studies conducted in third quarter of 2007 and 2005, so that four years of trends in luxury consumers use of the Internet can be measured and tracked.

In addition, a segment of extremely active Internet shoppers have been identified in this study. A detail analysis of their responses are included in this report.

The special investigation questions designed to help luxury marketers and brands better use their websites to attract and retain the affluent shoppers, included:
  • How affluents use the internet (e.g. shopping, researching purchases, getting gift ideas, connecting with friend, travel plans, etc.); total hours on a weekly basis they use the internet for personal interests and shopping-related activities.
  • More about internet shopping, such as what attracts them to a website to shop; how much they spent online; features of importance when shopping online; what features a website devoted to luxury brands must offer its customers.
  • How online shopping compares to in-store, whether the affluents surveyed like online better than in-store or vice versa. The results will surprise you!
  • On social media, whether they have profiles on any social media site; which social media site they use most often; how frequently they long on; how many people they are connected with; why they use social media, such as to reconnect with old friends, professional networking, to learn about brands/companies/products, etc.
  • f they were connected or friends with any brand and if they were likely to become friends in the future; about use of advertising on social media sites; and use of social shopping sites., such as Gilt.com, Hautelook, Rue LaLa.
Demographics of those Surveyed

In the survey the average age of respondents was 45.9 years and average household income was $239,300. Nearly 20% of the affluents polled were classified as 'ultra-affluents,' those at the top 2% of U.S. households with incomes of $250,000.

Virtually all respondents use the internet for personal uses, including shopping . Further nearly 80% of affluents are social media users.

A segment called 'heavy-users' were identified as important for luxury marketers when planning internet and social media strategy. The heavy users are affluents who used the internet for four or more hours per week for shopping purposes.

(Note: the average number of hours for all respondents was about 4, thus the segment of heavy users are those who spent more than the average amount of time shopping on the internet.)

Get Full Details About This Report >>
US: 800.298.5699
Int'l: +1.240.747.3093
Buy this Report
Price and Delivery Options

Search Inside Report


 

About MarketResearch.com
MarketResearch.com is an online aggregator selling over 300,000 market research reports, company profiles and country profiles from over 700 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.

 

© MarketResearch.com 2012