
AI is causing ‘profound shifts’ in brand value – Kantar report
Google’s brand value surges by 57%, ending Apple’s four consecutive years at the top. Microsoft and Amazon also prominent.
MARKETING RESEARCH
By our African Marketing Confederation News Team | 2024
Customers using peer-to-peer online marketplaces will pay higher prices if it’s clear that the seller enjoys what they’re creating.
Researchers from three academic institutions have identified a cue that consumers interpret as a signal of quality in peer-to-peer online marketplaces such as Etsy, the global e-commerce website selling handmade or vintage craft items.
Photo: Pixabay
They have called it ‘production enjoyment’, which is a signal of how much a seller enjoys making a product or providing a service.
The research team from Tilburg University in the Netherlands, and Lehigh and Northwestern universities in the US, found that online buyers interpret obvious production enjoyment as a signal of a high-quality product or service and are willing to pay up to 10% more for this.
Their study has been published in the American Marketing Association’s peer-reviewed Journal of Marketing.
“Buyers interpret production enjoyment as a signal of a high-quality product or service. After all, someone who enjoys making jewellery or loves painting probably spends more time and focus on it than someone who does not,” explains Danny Zane, Associate Professor of Marketing at Lehigh.
“[Customers] are therefore willing to pay more for it, even compared to other signals of quality, such as efficiency and effort.”
Valuable in peer-to-peer marketplaces
The researchers say production enjoyment is a particularly valuable cue in peer-to-peer marketplaces, where other cues such as brand power are less present and it’s clear that the same person is both making and selling the item or providing the service.
This effect is enhanced in settings when the product or service also requires a high level of skill.
Interestingly, the research team found that less than 1% of Etsy seller profiles signal production enjoyment. Further, they found that sellers often charge less for products and services they enjoy producing, in some cases up to 15% less.
Zane’s advice to these sellers in online marketplaces: “While they might already feel like they are getting some inherent value from doing something they really enjoy … sellers shouldn’t allow this to lead them to demand less monetary compensation. In fact, they might be able to profit most.”
You can find out more about the research here.

Google’s brand value surges by 57%, ending Apple’s four consecutive years at the top. Microsoft and Amazon also prominent.

Investment marks industrial diversification, creation of employment opportunities and manufacturing sector integration, says President.

Prominent English Premier League soccer club brings official standalone retail stores to the region for the first time.

Latest Chocolate Scorecard reveals uneven progress and gaps in retailer accountability and transparency in cocoa sustainability.

Shoppers are not returning to old habits – they’re redefining them. And affordability is still the single biggest decision driver.

Inefficiencies in South Africa’s state-run rail system have been a major constraint on economic growth over the past decade.

IMM Institute hosts annual Excellence Awards in Johannesburg, honouring top supply chain professionals, teams and emerging talent.

Uganda has unveiled the Packaging Centre of Excellence, a national facility which aims to elevate product branding, packaging standards and market readiness.

IMM Institute hosts annual Excellence Awards in Johannesburg, honouring top marketers, marketing teams and industry up-and-comers.

Good for business, but bad for kids? Researchers concerned about ‘invasive reach and powerful influence of digital marketing techniques’.

Epic watch party-themed campaign for the upcoming FIFA World Cup features major international soccer stars and a touch of Hollywood.