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Factors influencing buyer behaviour
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Consumer involvement
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High Involvement
- Understand how evaluation is being conducted
- Use extensive informative adveritsing
- Use personal selling
- Create a distinctive brand identity
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Concentrate on reducing (perceived) risk
- Seals of approval
- Endorsemets from influential people
- Free trials of the product
- Extensive usage instructions
- Warranties and guarantees
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Low Involvement
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Habitual buying
- Concentrate on a few key qualities and/or reduce variety
- Create a unique brand identity
- Introduce novel evaluative criteria
- Market-follower: deals, samples, coupons
- Market-leader: consistent product quality and availability
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Variety-seeking buying
- Create unique brand identity
- Introduce novel evaluative criteria
- Novel packaging, size, usage
- Product-line extensions
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Situational factors
- Time: time of day, season, day of the week
- Antecedent states: the consumer's mood or cash on hand
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Perception
- Selective attention
- Selective retention
- Selective distortion
- Colours
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Affect and cognition
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Affect
- Largely reactive
- Difficult to control
- Often felt physically
- Respond to thoughts produced by the cognitive system
- Might be influenced by situational factors, involvement, marketing tools, personality, sociocultural factors
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Cognition
- Interprets the environment, our behaviour and our affective states
- identify objectives and evaluate alternatives
- Affect and Cognition are interdependent
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Sociocultural influences
- Personality
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Culture
- Subcultures
- Social classes
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Reference groups
- Membership groups
- Aspirational groups
- Dissociative groups
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Personal factors
- Family
- Role within a family, group or organisation
- Age
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Lifestyle
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Consumer decision process
- Problem recognition: perceiving a need
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Information search: seeking value
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Depends on:
- Strength of the drive
- Degree to which the purchase is self-expressive
- Amount of information you start with
- Ease of obtaining the information
- Value placed on the additional information
- Satisfaction from searching
- Internal Search
- External Search
- Alternative evaluation: assessing value
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Purchase decision: buying value
- Where to buy?
- When to buy?
- Other situational factors
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Post purchase behavior: value in consumption or use
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Why is this important?
- Repeat purchase
- Word of mouth
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What can we do?
- Return policies
- Telephone/online support
- Follow-up communication and continues promotion to affirm choice