Think again. A new survey says just 17 percent of respondents would spend a 140-character missive on you—though that number is up from 12 percent last year.
What would customers be willing to do for a 25 percent price reduction? Two-thirds (67 percent) said they’d Like a page on Facebook, and 79 percent said they’d sign up for an e-mail newsletter.
Coupon site Red Plum surveyed some 9,100 customers online for their fifth annual Purse Strings Study. The study found that even with mobile deals, traditional couponing—scissors, circulars, and all—has not gone the way of the telegram: 79 percent said they were using circulars more to plan shopping trips, using more print coupons and using more mobile coupons than last year. Of those surveyed, 82 percent said they were using more online savings. (Total saved: Up to $50 per week.)
Nearly two-thirds (62 percent) said they spent up to two hours weekly hunting down savings. The number of respondents who reported comparing prices both online and in print is up 9 percent over 2011.
“These findings indicate that consumers are still very interested in savings and have developed a forever frugal mindset,” said Lisa Reynolds, vice president of consumer engagement for media company Valassis, which conducted the survey. “They have become so accustomed to searching for value that these deal-seeking behaviors have become second nature to them. They clearly value the dollar as well as their time.”
Use of mobile couponing and apps is up over 100 percent from 2011. It’s up in all income groups, though especially in the less than $20,000 income level group, where use has more than tripled.