Social networks receive a significant amount of media attention these days. However, when it comes down to online purchasing, search engines are the go-to-source for consumers – not their social networks–when preparing to make an online purchase.
Silicon Alley Insider reported on a newly released Goldman Sachs survey on the influence online channels are having on online purchase behavior. The survey showed search engines, ‘unsexy’ though they might be, were the most influential, followed by recommendation engines. Social networks were the least influential, influencing only 5% of purchaser’s behavior:
How does this jive with your perception of online influencers on purchase behavior?