Published Monday, Mar 18, 2019
Consumers Desire Mix of ‘Techy’ and Traditional Services, Communication Channels
LIVONIA, Mich., March 19, 2019: Valassis, a leader in activating consumers through intelligent media delivery, shares fresh insights for marketers to recharge their advertising strategy and influence consumers to switch their TV and video, home internet and wireless phone services. These findings underscore consumers’ desire for a mix of both newer and traditional services and preferred communication channels.
According to Valassis’ “Activating the Dynamic Subscriber: Telecom & Technology” research, telecom and technology subscribers appear to be generally loyal with just 7 to 8 percent planning to switch their TV/video, home internet or wireless providers in the next year. Interestingly, however, approximately 30 percent are dissatisfied with either their current provider or services. So, why aren’t they making a change? Ultimately, it’s because they feel as though it’s too difficult or these services are part of a larger bundle.
“There is a window of opportunity to influence consumers to switch telecom and technology providers,” said Curtis Tingle, Chief Marketing Officer, Valassis. “The path to purchase is short – less than three weeks – so it is essential marketers not only understand what motivates their audience, but also have a way to identify who is in-market for switching and understand their preferred methods of communication. Then, deliver value – a combination of convenience, deals and personal customer service in a way that will most likely activate them.”
For those that do switch, the top reason is to reduce cost (44 percent), even among households with an income over $75,000. And 28 percent of respondents agree that offers and promotions can sway them; this rises to 50 percent among subscribers who changed wireless phone providers in the past year. Findings are based on data from more than 1,700 respondents.
With this in mind, to influence consumers to switch, telecom and technology providers should:
For more information, you can find Valassis’ full “Activating the Dynamic Subscriber: Telecom & Technology” e-book here.
About the Study
The Valassis Awareness-to-Activation Study is an ongoing study fielded in conjunction with The NPD Group, Inc., a global market research company. The sample was derived via an online survey, and all participants were at least 18 years of age and living in the contiguous United States. Approximately 10,000 respondents are surveyed annually. The specific data included in this report is from the research wave fielded Sept. 28, 2018 to Nov. 26, 2018 to over 1,700 respondents and is balanced by age and gender to U.S. Census demographic profiles.
Valassis helps thousands of local and national brands tap the potential of industry-leading data through intelligent media delivery – understanding, engaging and inspiring millions of consumers to action with smarter cross-channel campaigns. We’ve been a part of consumers’ lives for decades, introducing new ways to deliver offers and messages that activate them – whether via mail, digital or the newspaper. NCH Marketing Services, Inc. and Clipper Magazine are Valassis subsidiaries, and RetailMeNot Everyday™ is its consumer brand. Its signature Have You Seen Me?® program delivers hope to missing children and their families. Valassis and RetailMeNot are wholly owned subsidiaries of Harland Clarke Holdings.