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FOR IMMEDIATE RELEASE Contact: Danielle Nacco LoyalTV.com Surveys Fortune 1000 Chief Marketing Officers to Reveal ‘What Influences the Influencers’…. Results Show that CMO’s are more influenced by their neighbors and friends NEW YORK (May 5, 2008) – LoyalTV.com (“LTV”), an Internet destination, that focuses on consumers, their brand loyalties, and their honest opinions about products they are passionate about, surveyed the top Chief Marketing Officers (CMO’s) to find out what factors influence the professionals who, in-turn, influence our purchasing. According to the results of the survey of 184 CMO participants, peer testimonial outweighs traditional advertising mediums in determining what products the CMO’s purchase. The survey also yielded several other interesting facts:
“While it may come as a surprise to some people that a trusted friend is more influential in influencing a purchase than that million dollar spot on the Super Bowl, we weren’t surprised in the least to see the results of this survey,” said Co-Founder of LoyalTV.com, Courtney Jones. “This data further confirmed our insights in launching a new business model where real people are giving their real opinions. As many marketers have long suspected, brand building via word-of-mouth is the hottest and most rapidly growing area of building brands today.” The survey also provided insight about the times in which we live. Once seen as stodgy corporate executives, CMO’s are now taking a personal stance regarding their purchasing habits, with 71 percent of those surveyed saying that a company’s environmental policy would make them more loyal. And, when asked about factors influencing car purchasing decisions, the top three answers were recommendations from friends (23%), followed by environmental concerns (22%), and loyalty to brand (17%). Interestingly, only 7 percent were influenced by advertising. “The one constant message remains the same…peer-to-peer influence is an extremely strong factor in the purchasing process,” said Jones.
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