Women Loyal to Women-Owned Businesses

July 2, 2007 by Rich | 0 Comments
In Psychology, Women


Inc.:

Companies that purchase goods and services from women-owned businesses have a competitive edge when it comes to securing a female customer base, a new survey found.

Out of 1,200 women surveyed nationwide, 80 percent said they would be more likely to try a product if they knew its manufacturer used women-owned businesses as vendors, according to the Women’s Business Enterprise National Council. Another 80 percent said knowing a company routinely sourced its materials from women-owned businesses was enough to secure their brand loyalty.

Women consumers were also more likely give products purchased from a women-owned business a second chance, even if it missed the mark the first time, the survey found.

Photo by MSDesigns.

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