Sunday, November 12, 2006

Blogs - the new sellers medium?

Blogs are becoming a force to be reckoned with as a means of advertising products, according to an Ipsos MORI poll. It found that the Internet journals are a more trusted source of information than TV advertising or e-mail marketing.

Well! What a suprise! Here is more of the report from Reuters.

Ipsos MORI found a direct link between blogs, or user-generated content, and people's intentions to buy goods or services. Any company that fails to come up to standard should beware. The blog is replacing word of mouth for endorsing or condemning a product or service. About a third of those Europeans questioned said they had been put off making a purchase after reading negative comments on the Internet from customers or other web-users, while 52 percent said they had been persuaded to buy after a positive review on a blog. Get it right, and blogs could be a boost to companies and even save on their advertising and marketing budgets. Blogs, or weblogs, are a more trusted source of information (24 percent) than television advertising (17 percent) and email marketing (14 percent), the survey commissioned by Hotwire, a technology public relations consultancy, said.But they still lag behind newspapers (30 percent).