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Legal Marketing & PR

: Larry Bodine's LawMarketing Blog

Decision-makers Rely More on the Internet than Print Trade Publications

By Larry Bodine

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The Internet is the top source of information by decision makers in seven industries -- more so than print trade publications -- according to a recent Starch Information Sources Study. The research was sponsored by The Canadian Business Press to measure the effectiveness of specialized business publications versus other information sources.

Recognizing that Canada is generally a microcosm of the U.S. marketplace, the data developed in this study should guide market and media planning in the U.S.

Importance of Information Source For ALL MARKET SECTORS, (2010 Ranking)

 

2010

Information Source

Very Useful

Average

Rank

The Internet

76%

7.6

1

Specialized Business Publications or Industry Newspapers

67

7.0

2

Trade Shows

67

7.1

2

Conventions/Seminars

 56

6.3

4

Salespeople

51

6.2

5

Direct Mail

39

5.5

6

Business Directories

32

4.9

7

General Business Publications

31

4.9

8

Daily Newspapers

30

4.5

9

Specialty Television

21

3.6

10

News Magazines

19

3.7

11

Network Television

18

3.7

12

Radio

18

3.4

12

General Interest Consumer Magazines

17

3.4

14

Source: Starch Research, March 2010

The study included combined unduplicated circulation of the 58 major individual publications serving seven industries:

  • Manufacturing
  • Retail
  • Automotive & Trucking
  • Information Technology
  • Construction
  • Agriculture
  • Travel/Tourism

Business and professional publications provide reliable, industry-specific news and information as well as being repositories of knowledge on the industries they cover and are the ultimate targeted medium.

As a business-to-business information source, the Internet has shown spectacular growth in influence since first evaluated in 1996. The Internet showed a significant 23 percentage point gain since 2004, which launched it into the top position. Trade shows have shown a gain of 11 percentage points since 2004, and are tied in their overall rating with Specialized Business Publications. Conventions/Seminars showed a gain of 6%.

Percent Reporting Internet Very Useful

Rank ‘10

B2B Information Source

1996

2000

2004

2010

1

Internet

22%

53

53

76

2

Specialized Business Publications

66

66

69

67

3

Trade Shows

60

60

56

67

4

Conventions/Seminars

49

49

50

56

5

Salespeople

58

55

50

51

Source: Starch Research, March 2010

For additional information, please visit the CBP online.

Full post as published by Larry Bodine's LawMarketing Blog on June 09, 2010 (boomark / email).

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