Consumers are placing more weight on word-of-mouth referrals in the downturn, according to Australian review site Word of Mouth On the Web (WOMOW).
WOMOW director Fiona Adler says consumers are now more likely to rely on word-of-mouth referrals before parting with their money.
“Our research suggests that buyers are more discerning about how they spend their money right now, and are turning to word-of-mouth recommendations before trying a new product or service.”
Adler said that in the period from September last year to now, WOMOW’s members had tripled and traffic had increased by 270 percent.
“The trend towards more reliance on word of mouth is having an amazing impact on the businesses that rate well on WOMOW, with many attributing a good part of their recent success to the site,” she said.
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