Rokt study finds 71% of UK consumers are happiest online when shopping
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For years, brands have leveraged the concept of retail therapy, and now it has been proven that this concept converts to an even more powerful opportunity online – an opportunity to target consumers during a buying mindset coined The Transaction Moment™ – where both the mind and wallet are open.
The Happiest Place in Digital report, commissioned by Rokt, explores consumers' emotions when taking part in various digital activities, including shopping, social media, and search activity. While most would assume that social media would triumph as the happiest place online, UK consumers are more than five times as likely to be at their happiest when completing an online purchase than watching funny videos or connecting with friends on social platforms. In addition to being the happiest, consumers are by far their most engaged online when making a purchase. Consumers are 28% less likely to be multi-screening or multitasking when completing a purchase compared to when they are using social media.
Geoff Smith, CMO at Rokt, comments: "Actual consumer behaviour on the Rokt platform supports that users are most engaged and receptive during the transaction - across more than a billion transactions, more than a third opted into an offer from another brand. The engagement, focus and sentiment, providing an ideal opportunity to setup the next transaction or introduce them to a complementary third-party brand."
Significant findings from the report include:
Smith continued: "The opportunity that presents itself for brands to engage with consumers is significantly greater when they are in a buying state of mind, than when exposed to search or social-based campaigns. This has been proven by our analytics, and confirmed by this research. We feel the Transaction Moment™ is the best opportunity in digital for brands to be introduced to and convert happy and engaged consumers."
The full global report can be found here
AboutRokt:
Rokt sits at the intersection of digital marketing and e-commerce, and connects brands with the right consumers when they are in a buying state of mind. Using data-driven insights to reach potential customers at the crucial Transaction Moment™, Rokt's pioneering technology and groundbreaking algorithms empower action-led marketing. This allows brands to start lifelong relationships with engaged, receptive consumers and delivers smarter monetisation opportunities for e-commerce sites.
Rokt's premium marketplace of e-commerce partners includes major global brands such as eBay and Ticketmaster, offering brands access to 140 million transactions per month.
About the Happiest Moment in Digital report:
The overall aim of the Happiest Moment in Digital report was to investigate the emotions and engagement consumers experience when buying online, along with other digital activities. Specifically, the study set out to establish whether the Transaction Moment™ surpasses other key interactions as the happiest place in digital, and if so, what this means for marketers.
Methodology:
The Happiest Place in Digital Marketing study was conducted in
May 2018 using an online survey. To ensure accurate national representation, the survey was completed by a sample of 4,198 UK, US, German, and Australian adult consumers aged over 18, weighted by age, gender, and region. After collating and analysing resulting data, global averages were taken to identify wider trends and enable comparison with regional findings.
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