Friday, July 18, 2008

Wealthy Consumers Turn to Web for Education About Luxury Products

Wealthy consumers are turning to the Web for much of their education on potential high-end purchases, according to a Luxury Institute survey of Americans with annual incomes of at least $150,000.

64% of the wealthy go directly to the company's website for information on the luxury good/ service; 57% solicit input from friends and family. Ratings and review sites attract 38% of wealthy consumers.

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