Podcast
Questions and Answers
What do non-functional motives of consumer behavior relate to?
What do non-functional motives of consumer behavior relate to?
Which of the following is NOT considered a filtering element for online consumers?
Which of the following is NOT considered a filtering element for online consumers?
Why is trust essential in online consumer behavior?
Why is trust essential in online consumer behavior?
What aspects are included in a Customer Journey?
What aspects are included in a Customer Journey?
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What is a common obstacle for customers regarding online purchases?
What is a common obstacle for customers regarding online purchases?
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What is the core principle of marketing and sales related to digital consumers?
What is the core principle of marketing and sales related to digital consumers?
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How has consumer behavior shifted in terms of online engagement post-pandemic?
How has consumer behavior shifted in terms of online engagement post-pandemic?
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What role do social networks play in influencing consumer purchase decisions?
What role do social networks play in influencing consumer purchase decisions?
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What is a benefit of brand presence in online communities?
What is a benefit of brand presence in online communities?
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Which of the following is NOT a benefit of having a brand presence in online communities?
Which of the following is NOT a benefit of having a brand presence in online communities?
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What impact does online community engagement have on word-of-mouth marketing?
What impact does online community engagement have on word-of-mouth marketing?
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What is a key aspect of consumer behavior towards online shopping?
What is a key aspect of consumer behavior towards online shopping?
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Which factor is most likely to help increase customer acquisition through online presence?
Which factor is most likely to help increase customer acquisition through online presence?
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What is the main characteristic of disruptive technologies?
What is the main characteristic of disruptive technologies?
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Which of the following best describes 'Digital Primacy'?
Which of the following best describes 'Digital Primacy'?
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Why do companies seek technological convergence in their products?
Why do companies seek technological convergence in their products?
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Which of the following is NOT an example of a disruptor?
Which of the following is NOT an example of a disruptor?
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What does consumer behaviour primarily study?
What does consumer behaviour primarily study?
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How do disruptors typically affect their industries?
How do disruptors typically affect their industries?
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What kind of market segments do disruptive technologies typically create or attract?
What kind of market segments do disruptive technologies typically create or attract?
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Which of the following is considered an external factor affecting online consumer behaviour?
Which of the following is considered an external factor affecting online consumer behaviour?
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Which factor is a characteristic of functional motives in consumer behaviour?
Which factor is a characteristic of functional motives in consumer behaviour?
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Which characteristic is common in those identified as digital consumers?
Which characteristic is common in those identified as digital consumers?
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What do successful disruptors like Grab and Airbnb have in common?
What do successful disruptors like Grab and Airbnb have in common?
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What internal factor is relevant to consumer behaviour analysis?
What internal factor is relevant to consumer behaviour analysis?
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What does consumer behaviour encompass regarding time and money?
What does consumer behaviour encompass regarding time and money?
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Which aspect of consumer behaviour analysis does NOT typically focus on online channels?
Which aspect of consumer behaviour analysis does NOT typically focus on online channels?
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Which of the following is a component of consumer activities analyzed in consumer behaviour?
Which of the following is a component of consumer activities analyzed in consumer behaviour?
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Which of the following areas is NOT considered a sector of external factors affecting online consumer behaviour?
Which of the following areas is NOT considered a sector of external factors affecting online consumer behaviour?
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What is the primary purpose of an e-business model?
What is the primary purpose of an e-business model?
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Which of the following is an example of a Business-to-Consumer (B2C) business model?
Which of the following is an example of a Business-to-Consumer (B2C) business model?
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What role does technological convergence play in the digital landscape?
What role does technological convergence play in the digital landscape?
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Which of the following describes a community provider in the context of B2C online business models?
Which of the following describes a community provider in the context of B2C online business models?
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What is a significant aspect organizations consider when selecting online business models?
What is a significant aspect organizations consider when selecting online business models?
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Which of the following is NOT a type of online business model mentioned?
Which of the following is NOT a type of online business model mentioned?
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How do organizations typically achieve their goals in an online business environment?
How do organizations typically achieve their goals in an online business environment?
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Which of the following best describes the function of a transaction broker?
Which of the following best describes the function of a transaction broker?
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What is the purpose of creating a persona in customer-centric strategies?
What is the purpose of creating a persona in customer-centric strategies?
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Which of the following is NOT one of the personal attributes to be built into personas?
Which of the following is NOT one of the personal attributes to be built into personas?
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What is the first step in creating a persona according to the provided content?
What is the first step in creating a persona according to the provided content?
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Which buying process step directly follows generating leads?
Which buying process step directly follows generating leads?
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In the context of a customer journey map, which phase involves supporting product use?
In the context of a customer journey map, which phase involves supporting product use?
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Which of the following is typically a scenario for a persona in an online banking context?
Which of the following is typically a scenario for a persona in an online banking context?
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What role does ethnographic information play in persona building?
What role does ethnographic information play in persona building?
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Which option best describes the last step in the consumer buying process outlined?
Which option best describes the last step in the consumer buying process outlined?
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Study Notes
L2 Digital Landscape & Digital Consumers
- Course: IT2863 Digital Marketing AY202352
- Presented by Nanyang Polytechnic
Learning Outcomes
- Describe changes in online business models
- Outline principles of online consumer behavior and customer journey
- Identify and apply persona creation concepts
Changing Landscape I: Online Business Models
- Strategy is the means to achieve a goal, organizations use one or more business models for strategies to accomplish their goals
- E-business/online business model is the method an organization uses to sustain its business online, including value proposition to customers and revenue streams, through digital technologies
Examples of Business-to-Consumer (B2C) Business Models
- E-tailer (e.g., Fairprice, Zara, Apple)
- Community provider (e.g., Facebook, LinkedIn)
- Content provider (e.g., Netflix, magazines, Straits Times Online)
- Portal (e.g., Yahoo)
- Transaction broker (e.g., real estate broker, stock broker)
- Market creator (e.g., eBay, Shopee)
- Service provider (e.g., photo sharing, Google Docs)
Changing Landscape II: Technological Convergence to Disruptive Technologies
- Technological convergence is the process of existing technologies merging into new forms, bringing different media and applications together (e.g., Smart TV, internet radio, smart refrigerator)
- Consumers seek delight through technological convergence
- Companies move away from singular functions, to devices/platforms with multiple functions
Disruptive Technologies
- Successful firms (e.g., Grab, Airbnb, Carousell, Foodpanda) are disruptive as they change entire industries
- The rise of the sharing economy brought innovative platforms for users to share/lease assets/resources
Disruptive Technologies (continued)
- Disruptive technologies create or attract a new market segment
- Disrupt existing markets by introducing new substitute products
- Present a different business model from existing businesses in the industry
The Digital Consumer
- Digital primacy: Individuals who grew up with the internet are accustomed to online connectivity for communication, information, and entertainment
- Digital primacy is growing, with more people reliant on online connectivity
- Core principle of marketing and sales is "Know The Customer"
- Who consumes online (e.g., shops, entertains, browses)?
- How do consumers behave online?
- Why do they shop online?
- What do they buy?
The Big Surge in Digital Adoption
- Digital adoption remains strong even with the pandemic waning; consumers are still actively shopping and conducting business online.
- Consumers are accessing twice as many industries online as they did before the pandemic. -Data from McKinsey Global Digital Sentiment Insights survey shows digital adoption rates and trends.
Community Effects
- Social networks (e.g., TripAdvisor, Amazon, Taobao, Lazada) play a crucial role in influencing purchasing decisions.
- Consumers publicly share purchase patterns, creating interest in potential consumers for both online and offline buys.
Brands Understand Consumers
- Experiences are more satisfying than material purchases
- Brands create relevant experiences for better connection
- Shareable content creates brand awareness
- Positive user-generated content improves brand perception.
Brand Presence in Online Community
- This includes activities to improve brand awareness, customer acquisition, and loyalty. These are activities that can be carried out to encourage conversations, build relationships, and boost word-of-mouth marketing.
Online Consumer Behaviour
- Consumer behavior study the processes in selecting, using, purchasing, and disposing products and services.
- Online analysis involves research to uncover motivations, media preferences, and selection processes.
- Online & traditional channels are interwoven in the way consumers now buy products/ utilize services.
Factors Affecting Online Consumer Behaviour
- External Factors: Demographics, socio-economics, technology, public policy, culture, sub-culture, reference groups, and marketing are factors external to the consumer
- Internal Factors: Attitudes, learning, perception, motivation, self-image, and semiotics are internal aspects to the consumer
Factors Affecting Online Consumer Behaviour (continued)
- Buying Motives: Functional motives (time, convenience, price, selection) and non-functional motives (brand, store values) influence consumer decisions.
Filtering Elements (in consumer behavior)
- Security: Consumers are aware of data security risks, so they prioritize security when making purchases.
- Privacy: Consumers scrutinize privacy policies as this is related to trust in a business.
- Trust & Trustworthiness: trust is essential in business-customer relationships.
Customer Journey
- Customer journeys describe the sequence of online and offline touchpoints a customer experiences when making a purchase or engaging with a broader brand experience.
- These touchpoints can include digital platforms, communication media, websites, and engagement devices.
Consumer Buying Process
- Steps in the online consumer buying process consist of unawareness, aware, information search, evaluate and select, and make purchase.
- This encompasses building awareness offline via marketing to bring users to the site, and guiding users to make the eventual purchase. Post-purchase evaluation and feedback is crucial to retain business.
Personas
- Personas: A powerful technique for creating customer-centric strategies that are essential for understanding consumer behaviors.
- Steps include building personal attributes (Demographics, psycho-graphics, ethnographic, transactional, and behavioral data) and identifying scenarios that map to each persona.
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Description
Test your understanding of the digital landscape and consumer behavior in the context of digital marketing. This quiz explores online business models, consumer journey principles, and persona creation concepts as taught in the IT2863 Digital Marketing course at Nanyang Polytechnic.