Consumer buying behavior comparison in marketing

History of marketing thought In the s and 50s, marketing was dominated by the so-called classical schools of thought which were highly descriptive and relied heavily on case study approaches with only occasional use of interview methods. At the end of the s, two important reports criticised marketing for its lack of methodological rigor, especially the failure to adopt mathematically-oriented behavioural science research methods.

Consumer buying behavior comparison in marketing

Next Page With the evolution of online communication through internet, customers now see online advertisements of various brands.

Online Customer Behavior

It is fast catching up with the buying behavior of consumers and is a major source of publicity for niche segments and also for established brands. This is the new way of digital revolution and businesses worldwide have realized their worth.

When customers have sufficient information, they will need to compare with the choices of products or services. Online Customer Behavior Process According to the above figure, in the search stage, they might look for the product reviews or customer comments.

They will find out which brand or company offers them the best fit to their expectation. During this stage, well-organized web site structure and attractive design are important things to persuade consumers to be interested in buying product or service.

Stage 1 The most useful characteristic of internet is that it supports the pre-purchase stage as it helps customers compare different options.

Consumer behaviour - Wikipedia

Stage 2 During the purchasing stage, product assortment, sale services and information quality seem to be the most important point to help consumers decide what product they should select, or what seller they should buy from.

Stage 3 Post-purchase behavior will become more important after their online purchase. Consumers sometimes have a difficulty or concern about the product, or they might want to change or return the product that they have bought. Thus, return and exchange services become more important at this stage.

Factors of Online Customer Behavior The first elements to identify are factors that motivate customers to buy products or services online. The External Factors are the ones beyond the control of the customers. They can divide into five sectors namely demographic, socio-economic, technology and public policy; culture; sub- culture; reference groups; and marketing.

Internal Factors are the personal traits or behaviors which include attitudes, learning, perception, motivation, self image. The Functional Motives is related to the consumer needs and include things like time, convenience of shopping online, price, the environment of shopping place, selection of products etc.

The Non-Functional Motives related to the culture or social values like the brand of the store or product. Filtering Elements Customers use these three factors to filter their buying choices and decide on the final selection of stores they are willing to purchase from.Consumer buying behavior is based on perceived characteristics such as style, fashion or peer acceptance.

Emotional factors play a big part in consumers’ purchase decisions. •Culture is considered an external factor in influencing consumer behavior. Since different cultures have different values, they will have different buying habits.

Marketing strategies should reflect the culture that is being targeted.

Economic Man Model

Consumer buying behavior is the sum total of a consumer's attitudes, preferences, intentions, and decisions regarding the consumer's behavior in the marketplace when purchasing a product or.

The study of consumer behaviour helps to understand how the buying decision is made and how they look for a product.

Consumer buying behavior comparison in marketing

Moreover, the understanding consumer behaviour also helps marketers to know the what, where, when, how and why of the consumption of product consumption (Kumar, ). Consumer Buying Behavior refers to the buying behavior of the ultimate consumer.

A firm needs to analyze buying behavior for: Buyers reactions to a firms marketing strategy has .

With the evolution of online communication through internet, customers now see online advertisements of various brands.

It is fast catching up with the buying behavior of consumers and is a major source of publicity for niche segments and also for established brands.

Consumer Behavior in [Infographic + $ making insights]