High Streets Initiative Fred Heritage · 9 May 2017
Hairdressers and dentists prove best at winning local consumer trust
Two fifths of people in Britain are more likely to put their faith in local independent businesses than larger companies, with dentists, hairdressers and gardeners seen as the best at winning local consumer trust, new research has found. In contrast, car dealers, estate agents and lettings companies were viewed as the types of local businesses least likely to win local consumer trust and give customers a fair deal. Gauging the views of over 2, 000 British shoppers, a new UK-wide survey conducted by Yell Business revealed that at a time of wide economic uncertainty in Britain and a growing mistrust of big business, smaller local companies are increasingly seen as the most credible. The findings demonstrated the growing significance of personal recommendations to people’s shopping habits. As many as 77 per cent of consumers said they would happily take the advice of a friend or family member when pointing them towards a local shop or service they hadnt previously used. Commenting on the research, Yell CEO Richard Hanscott said that local business owners should continue to consider investing in technologies and digital marketing that could widen their online and social media presence. He added: Our findings emphasise the need for local companies to understand their audience’s decision-making journey when choosing a local supplier. public sentiment towards established institutions such as governments, media and large corporates is at a record low, and the need for reliable information is growing. Our research shows that local businesses are stepping up to the plate to fill this trust vacuum.
ABOUT THE EXPERTFred Heritage
Fred Heritage was previously deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London.