It’s time to redefine and re-engage
 word of mouth
        For nearly a third of consumers (28%), word of mouth is the preferred method for learning about a new brand, product or service — outpacing social media (23%), cable TV (12%) and online/digital ads (11%). At the same time, a mere 4% of marketers identified word of mouth as a consumer preference for learning about new brands, products or services.
        
            
                Online or digital ad
                
                0%
                0%
             
            
            
            
            
            
            
         
        
        
        The study also revealed that word of mouth has a higher research-to-purchase ratio (40%) than social media (30%),
 online/digital ads (27%) or print ads (16%).
        
                
                
                    
                    
                        
                        
                    
                 
                
                
                
                
                    
                    
                        
                        
                    
                 
                
                
                
         
            
                Researched
                Purchased
            
        
        The majority (55%) of consumers have discovered a new brand, product or service in the past year
 through word of mouth, followed by social media (53%).
        
        
        
            
                40%
                More importantly, 40% of consumers actually purchased a product after discovering it via word of mouth, topping all other channels.
             
            
                 7%
                 Yet only 7% of marketers identified word of mouth as a channel which results in consumer purchases. 
             
         
        
        
            Channels which result in purchase — identified by marketers