Consumer Buying Decisions: Factors & Process

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Questions and Answers

A consumer consistently purchases products that are environmentally friendly and ethically sourced. Which trend is most influencing this consumer's behavior?

  • Personalisation
  • Sustainability (correct)
  • Social Media
  • Experiences

A marketing team is deciding on the color scheme for a new brand of luxury watches. Which aspect of color psychology should they prioritize to best attract their target audience?

  • Ensuring the colors are trending on social media.
  • Choosing colors that are the opposite of their main competitor.
  • Selecting colors that evoke feelings of prestige and sophistication. (correct)
  • Using as many different colors as possible to appeal to a broader audience.

A consumer feels a sudden craving for pizza. According to the consumer decision-making process, which stage is the consumer in?

  • Information search
  • Purchase decision
  • Evaluation of alternatives
  • Need recognition (correct)

What should digital marketers prioritize to capture audience attention and effectively convey messages?

<p>Utilize high-quality images, videos, and graphics. (C)</p> Signup and view all the answers

Which of the following metrics is most useful for determining the effectiveness of an email marketing campaign?

<p>Conversion rate (D)</p> Signup and view all the answers

A consumer sees an advertisement for a new smartphone. They then read online reviews and compare its features to other phones. Which stage of the consumer decision-making process is this?

<p>Information search (A)</p> Signup and view all the answers

What is the primary goal of search engine optimization (SEO) in a digital marketing strategy?

<p>To improve a website's visibility in search engine results. (C)</p> Signup and view all the answers

A company wants to promote a new line of athletic wear to young adults. Which of the following social media strategies would likely be most effective?

<p>Creating engaging video content on TikTok and Instagram featuring fitness influencers. (C)</p> Signup and view all the answers

A car company emphasizes the safety features and reliability of its vehicles in its advertising. What type of consumer need are they primarily targeting?

<p>Functional needs (B)</p> Signup and view all the answers

How does social media most significantly influence consumer buying decisions?

<p>By increasing exposure to product reviews and recommendations. (D)</p> Signup and view all the answers

A small business wants to increase its brand awareness using digital marketing but has a limited budget. Which digital marketing strategy would be the most cost-effective starting point?

<p>Investing in search engine optimization (SEO) and content marketing. (D)</p> Signup and view all the answers

When choosing an influencer for a marketing campaign, what factor is most crucial for ensuring a successful partnership?

<p>The influencer's alignment with the brand's values and target audience. (A)</p> Signup and view all the answers

What is a primary advantage of digital marketing over traditional marketing methods?

<p>Digital marketing allows for more precise targeting and measurement of results. (C)</p> Signup and view all the answers

A clothing brand launches a campaign featuring diverse models of different ages, body types, and ethnicities. Which factor influencing buying decisions are they primarily addressing?

<p>Emotional needs, specifically belonging and self-expression (D)</p> Signup and view all the answers

Which of the following best describes the increasing consumer trend towards 'personalization' in marketing?

<p>Consumers seeking products and experiences tailored to their individual preferences. (B)</p> Signup and view all the answers

A company is developing a new mobile app. According to trends in digital consumer behavior, what should they prioritize?

<p>Prioritizing mobile accessibility and a user-friendly mobile experience. (A)</p> Signup and view all the answers

A company wants to improve engagement with its digital content. Which of the following strategies would be most effective?

<p>Utilizing interactive content such as polls, quizzes, and contests. (D)</p> Signup and view all the answers

A local bakery wants to attract more customers. Which color strategy would be most effective in their branding?

<p>Using bright, warm colors like red and yellow to stimulate appetite. (B)</p> Signup and view all the answers

What is the role of 'storytelling' in crafting effective digital messages?

<p>To create a memorable and emotional connection with consumers. (A)</p> Signup and view all the answers

Which of the following emerging technologies offers immersive experiences that enhance customer engagement and product discovery?

<p>Augmented Reality (AR) and Virtual Reality (VR) (C)</p> Signup and view all the answers

Flashcards

Functional Needs

Purchases based on fundamental requirements like food and shelter.

Emotional Needs

Purchases driven by desires like status, happiness, or self-expression.

Social Influence

Influence from peers, social media, and culture which drives purchase decisions.

Personal Factors

Age, income, and lifestyle effects which drive purchase decisions.

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Need Recognition

Becoming aware of the difference between your current situation and what you want.

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Information Search

Actively seeking data from memory or external sources, such as reviews.

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Evaluation of Alternatives

Comparing products based on price, quality, and brand.

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Purchase Decision

The stage where you select the product that satisfies your wants and preferences.

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Post-Purchase Behavior

Assessing if a purchase was good and thinking about buying it again.

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Sustainability

Consumers caring more about ethical and sustainable options.

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Personalization

Customized experiences and recommendations are becoming more important.

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Experiences

Focusing on collecting memories rather than physical items.

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Emotional Connection

Colors triggering feelings that affect how we see a brand.

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Cognitive Impact

How colors grab attention, help memory, and guide choices.

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Traditional vs. Digital Marketing

Traditional methods like newspapers vs. modern online methods.

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Social Media Marketing

Using online platforms to build brand awareness and boost sales.

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Content Marketing

Crafting valuable content to attract and keep a specific audience.

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Search Engine Optimization (SEO)

Making sites show up higher on search engine results.

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Storytelling

Using stories to connect with customers through digital messages.

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Using Influencers

Working with influencers to promote products.

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Study Notes

  • Factors that influence buying decisions include functional needs, emotional needs, social influence, and personal factors

Functional Needs

  • Consumers buy products to fulfill basic requirements

Emotional Needs

  • Products satisfy desires like self-expression, belonging, status, and happiness

Social Influence

  • Peer pressure, social media, and cultural norms can impact buying decisions

Personal Factors

  • Age, income, lifestyle, and values influence purchase decisions

Consumer Decision-Making Process

  • This involves need recognition, information search, evaluation of alternatives, the purchase decision and post-purchase behaviour

Need Recognition

  • Consumers identify a gap between their current and desired state
  • Consumers seek data from internal sources like memory and external sources like reviews and advertising

Evaluation of Alternatives

  • Consumers compare products based on price, quality, and brand

Purchase Decision

  • Consumers select the product that best fits their needs

Post-Purchase Behaviour

  • Consumers assess their purchase experience and decide whether to buy again
  • Trends include sustainability, social media, personalisation, and experiences

Sustainability

  • Consumers are increasingly aware of ethical and sustainable purchases

Social Media

  • Platforms influence product awareness and purchasing decisions

Personalisation

  • Consumers value customised experiences

Experiences

  • Consumers prioritise memorable experiences

Psychology of Colours and Branding

  • Includes emotional connection, cognitive impact and brand identity

Emotional Connection

  • Colours trigger emotions that affect brand perception

Cognitive Impact

  • Colours can affect memory, attention, and decision-making

Brand Identity

  • Colours play a key role in brand distinction

Traditional vs Digital Marketing

  • Includes print advertising, TV commercials, radio ads, billboards, direct mail, telemarketing, print catalogs

Digital marketing

  • Includes search engine optimisation (SEO), pay-per-click (PPC) advertising, social media marketing, content marketing, email marketing, influencer marketing, mobile marketing

Understanding Digital Consumer Behaviour

  • Includes mobile first, personalised content and social media influence

Mobile First

  • Customers are accessing the internet and social media via mobile devices

Personalised Content

  • Consumers value tailored content

Social Media Influence

  • Consumers rely on recommendations and influencer opinions

Key Components of a Digital Marketing Strategy

  • Includes content marketing, search engine optimisation (SEO), social media marketing and email marketing

Content Marketing

  • Creating content to attract and retain a defined audience

Search Engine Optimisation (SEO)

  • Improving website visibility in search engine results

Social Media Marketing

  • Engaging with customers to build brand awareness and boost sales

Email Marketing

  • Communicating with customers to share promotions and build relationships

Crafting Effective Digital Messages

  • These need to be engaging, include storytelling and be visually appealing

Engagement

  • Use interactive content like polls and quizzes

Storytelling

  • Use narrative techniques to connect with consumers

Visual Appeal

  • Use high-quality images, videos, and graphics

Using Influencers and Partnerships

  • Includes identifying influencers, develop partnerships, track results

Identifying Influencers

  • Select influencers aligned with brand values and target audiences

Develop Partnerships

  • Collaborate with influencers and brands

Track Results

  • Manage and adjust strategies based on data

Measuring Success in Digital Marketing

  • Includes Website traffic, social media engagement and conversion rate

Website Traffic

  • Measure visits and bounce rate to understand engagement

Social Media Engagement

  • Track likes, shares, and comments to assess impact

Conversion Rate

  • Monitor visitors completing desired actions
  • Includes Artificial intelligence (AI), Augmented reality (AR) and virtual reality (VR) and voice search optimisation

Artificial Intelligence (AI)

  • Automating tasks, personalising content, and optimising campaigns

Augmented Reality (AR) and Virtual Reality (VR)

  • Immersive experiences that enhance customer engagement

Voice Search Optimisation

  • Optimising content for voice search engines

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