The producers of such items make heavy profits which would not have been possible without study of consumer behaviour because it is against basic economic theory.
If one studies well what factors will influence demand of a product accordingly production and marketing strategies can be framed. Decision process — 5 stages When purchasing any product, a consumer goes through a decision process. Share on Facebook Consumer behavior includes the systematic process consumers go through in buying situations along with the frame of mind from which they enter the marketplace.
Brands will take some time to release how to videos, but YouTube Influencer are reviewing whenever the new product launched in the Market. However they are customers who are not likely to make repeat purchases and thus the promotions have a negative impact on long-term sales.
From a small pan shop he has become a well known name in the area of Delhi-Modinagar and made huge profits. These factors are often inherent in our values and decision processes.
He added that sales promotion had more impact at mature stage of a product and that product managers might try to stimulate sales by modifying one or more marketing mix elements. Although many of these factors cannot be directly controlled by marketers, understanding of their impact is essential as marketing mix strategies can be developed to appeal to the preferences of the target market.
The Brands should follow these three techniques while video sharing on YouTube. Conclusion Effect of YouTube Ads on Consumers The reach of the audience through the embedding of the video ad campaigns in the YouTube channel is the most significant tactic that every brand use to gain the potential customers.
Imagine a child asking for a brightly packed Barbie. Although those prices were selected to represent actual market conditions. Spontaneous urge to buy: References University of Delaware: They also take the help to produce and market such products which have no utility.
The government in most of the countries has found that though consumer is the king he is exploited. These factors cause consumers to develop product and brand preferences.
However, people who desire the product will positively select information relevant to their needs. She has 3, subscribers andviews for her YouTube channel.
The changing factors in our society. Even so, the problem of unfamiliarity with some brands could confound efforts to obtain a balanced set of responses for all the brands.
In such an intense industry, competitors entice consumers with a number of sales promotion activities. The whole thrust of the questioning focuses the subject's attention on price, and thus may lead to small price differences causing larger responses than they would in an actual marketplace situation.
Someone claims that baldness can be cured by replanting of new hairs in short period. Consumers are playing a key role in the company-consumer relationship. In certain cases this fact is advertised also. If we consider social video metrics like click-through rate, comments, influence, sentiment and other shareholders Feedback will drive the discussions.
In general, there is a positive effect for companies that are advertising and doing promotions. Consumers professional work also plays a primary role in Consumers purchase behavior.
It decides the personality, taste, attitudes of individuals or groups, life style, preferences especially on occasions like marriage. Jacoby, Jacob and Jerry C. With so much of competition, product packaging seems to be among the best marketing tool to directly communicate and influence customers.
The YouTube embed videos on the official websites of the business brands will help to gain the number of customers from the visitors. Aesthetic aspects like color, typography, brightness, and other graphics influence where a potential buyer is attracted to on the shelf. The targeted population for this study was employees and customers of Watanmal Group.
In hot countries like India certain products which keep us cool like squashes, sarbatas, are demanded but they have no demand in cold regions. The YouTube video is completely changing the Consumer Buying Behavior and also making decisions to buy the products or services.Good or bad – product packaging can influence consumer behavior!
Product packaging is considered as the ultimate opportunity for marketers to communicate the brand’s message visually, positioning the same as a better choice than any of its competitor.
promotional strategy for the promotion of awareness for their own produced brands while in UK brand relating to any product. Consumer buying behavior can development is better than China.
be positively changed due to attractive ads. Female consumers’ buying behavior is highly and According to Khasawneh and direct and positive effect on.
Economic Factors Influencing Consumer Behavior Definition: The Economic Factors are the factors that talk about the level of sales in the market and the financial position of the consumer, i.e.
how much an individual spends on the purchase of goods and services that contribute to the overall sales of.
Consumer buying behavior is a blend of Economic, technological, political, cultural, demographic and natural factors as well as Customer’s own characteristics which is reflected by his attitude, motivation, perception, personality, knowledge and lifestyle.
However, it is important to note that though sales promotions remain one of the oldest and most preferred methods of increasing sales, there can always be relevant questions raised about the long term effect of sales promotions on consumer attitudes of the promoted brand.
A Study of Impulse Buying Behavior and Factors Influencing it with reference to Beverage Products in Retail Stores Aradhana Gandhi Symbiosis Centre for Management and Human Resource Development, Symbiosis International University Symbiosis Infotech Campus, Plot no.Download