The cost of losing trust in business

Trustonomics
The Decline of Trust
Earning trust has long been fundamental to a brand’s role — while it remains a fundamental component of brand-building, it’s becoming harder and harder to earn trust with today’s consumers.
Trust is now key for brands says Interbrand as it reveals world's best | MA
Recommendations From Friends Remain Most Credible Form of Advertising Among
Trust in traditional offline ad formats is still strong—especially among Millennials New York – Sept. 28, 2015 – The most credible form of advertising comes straight from the people we know and trust. Eighty-three percent of online respondents in 60 countries say they trust the...
Report: 83 percent say word-of-mouth influences their purchases - PR Daily
Having a close friend recommend your product can be the deciding factor for a consumer considering your offerings. Here’s why PR pros and marketers should nurture these connections. How do you decide which brand you’ll buy? When selecting a new product or service, many consumers look for an indicator that their transaction will be safe […]
40 Word-of-Mouth Marketing Statistics That You Should Know - Business 2 Co
For centuries, word-of-mouth marketing (WOMM) has influenced purchasing decisions on everything from buying a new car to restaurant recommendations to…
5 Common Mistakes in Building Brand Trust | Brandtrust
Building brand trust is an essential step for any company looking to retain, and attract customers. However, many companies fall victim to the same five common mistakes. Read on to discover what these mistakes are, and how they can be overcome to build greater brand trust.
Why trust & transparency are crucial components of brand success – Econsult
Steve Jobs famously proclaimed, "A brand is simply trust". Data from an annual study carried out by Kantar Millward Brown proves the strong relationship between the trust in a brand (in this case measured by their TrustR score) and their brand value. Among the most valuable brands in the world, the higher the level of trust in the brand, the more valuable it is, proving that trust is inherent in brand success.
Difference Between Loyalty and Trust | Compare the Difference Between Simil
Key Difference - Loyalty vs Trust Loyalty and trust are important aspects of any strong relationship. Although loyalty and trust are interconnected, they
Brand loyalty: how to gain consumer trust
Achieving brand loyalty is more challenging than ever. Savvy customers demand authenticity and are more than willing to shop around to find it.
Marketing - What are brands for? | Business | The Economist
Brands are the most valuable assets many companies possess. But no one agrees on how much they are worth or why
Loyalty Statistics: The Ultimate Collection
The loyalty industry's largest collection of recent, relevant customer and member loyalty statistics (updated regularly)
Consumers Prefer 'Honest' Brands - And Are Willing to Pay Extra for Them
American shoppers have had enough of "fine print," and want to support brands that are totally transparent about what their products contain.
37 Powerful Customer Experience Statistics to Know in 2021
Customer experience is a top business priority in 2021. Here, we explain why it's become so important, backed by 37 customer experience statistics.
73 Percent of Millennials Are Willing to Spend More Money on This 1 Type of
It's not even close to avocado toast.
Why Customers Return: Top 13 Brand Loyalty Statistics | Fundera
What keeps your customers coming back time after time? These 13 eye-opening statistics highlight customer trends in 2017.
The Science of Increasing Customer Loyalty
A common misconception about conversion optimization is that your work ends when the user converts. This is a limited way of viewing things, however,
Why Trust and Incentives Help Consumers With Better Brand Selection
More than 90 percent of people trust family and friends' brand recommendations. Just 38 percent trust info from advertisers.
The Business Case for Trust
The Business Case For Trust | Trusted Advisor Associates - Training, Worksh
We help some of the world's largest (and smartest) companies through analysis, training and coaching the art and science of building trust.
The Economics Of Trust
Trust is about more than whether you can leave your house unlocked. It's responsible for the difference between rich and poor.
The Business Case For Trust
Almost everywhere we turn, trust is on the decline. We find low trust in our society at large, in our institutions and in our companies. Research shows that only 51 percent of employees trust senior management, and only 28 percent believe CEOs are a credible source of information. This compels us to ask two questions. […]