Upload
bisg
View
1.016
Download
0
Tags:
Embed Size (px)
Citation preview
10 Essential Data Points for Understanding
Student Consumer Behavior
BISG: Making Information Pay
Julie Traylor, Chief of Planning & Research, NACS/OCR
Dr. Mark R. Nelson, CIO & VP, NACS/NMS
February 9, 2011
All data © On Campus Research, 2008-2011
The National Association of College Stores (NACS) is among the oldest trade associations in higher education…
… and NACS has a long history of providing research on college student consumer behavior as part of its mission.
Fast, effective market research• Panel of more than 14,000
college students at more than 1,100 campuses
• Dedicated student resources for student sign up and engagement
• Student Watch™ annual research studies
Customized to client needs• Campus intercepts• In-person, tele-focus, or
web focus groups• In-store product testing
Students and the Economy
• 58% of students say they experienced increased college costs for the fall 2010 term
• 46% of students reported a loss or decline in family income
• 33% of students say they earned less working this past summer than they needed or expected to
All data © On Campus Research, 2008-2011
Students and the Economy
Students have become more cautious and price conscious in their buying habits
• 72% are somewhat or very worried about being able to afford to continue their education
• 75% are working• Student loan debt is high
All data © On Campus Research, 2008-2011
Students and the Economy
Compared to shopping habits just one year ago:• 75% of students agree that they are comparing
prices more often before they make a purchase• 57% of students are using more coupons and
discount offers • 55% of students are shopping
more in discount stores• 54% of students are buying less
expensive brands
All data © On Campus Research, 2008-2011
11%
30%
31%
32%
33%
36%
48%
52%
68%
82%
84%
0% 20% 40% 60% 80% 100%
Cell phone text message advertisements
Campus newspaper advertisements
Email advertisements
Local newspaper advertisements
Radio commercials
Loyalty programs
Window displays
TV commercials
Coupons or other promotional offers
Recommendations from family
Recommendations from friends
Students and Shopping
What influences a student to visit a store?
50% of students say they have made an online purchase within the past month
All data © On Campus Research, 2008-2011
Students and Shopping
2%
3%
4%
6%
7%
20%
58%
0% 20% 40% 60% 80% 100%
Coupon for a future purchase
Buy one item and get a discount on a second item
Mail-in rebate
Percentage off that increases with amount spent
Free gift with purchase
Coupon for a specific dollar amount off of a purchase
Buy one item get one item free
Favorite Sales Promotion
All data © On Campus Research, 2008-2011
Students and Shopping
• 45% of textbook units bought by students occurred online, in 2009
All data © On Campus Research, 2008-2011
Percent of students who have purchased or accessed digital/electronic textbooks
18 42
2008 2010
Students and Digital
All data © On Campus Research, 2008-2011
Students and Digital
75% of students prefer print
textbooks to digital
All data © On Campus Research, 2008-2011
Percent of students whose preference for print was their primary
reason for not buying digital
484-Year Students
31Community College
Students
Students and Digital
All data © On Campus Research, 2008-2011
• 55% of four-year students and 67% of community college students are not sure if their campus provides digital/electronic textbook options
• 44% of four-year students and 53% of community college students would consider buying a digital textbook if it was available to them
• If the choice were completely up to students, 23% of four-year students and 32% of community college students say they would buy digital textbooks
Students and Digital
All data © On Campus Research, 2008-2011
Observations and Comments
Students are changing in significant ways,
so WE must change in significant ways.
Understanding college student consumer behavior helps our industry to grow
and prosper!
More information
Julie TraylorChief of Planning and [email protected] ext. 2217
Dr. Mark R. NelsonCIO/[email protected]
Elizabeth RiddleConsumer Research [email protected] ext. 2216