Marketing
Involvement
Consumer involvement refers to the amount of time, though and energy that a consumer puts into a particular purchase decision (McNamara, 2014). This can be categorized along the emotional/rational scale. So many small purchases like impulse purchases are low involvement. At the very low involvement end of the scale is something like fries with your burger -- you might not even want them, and accept the suggestion for them almost reflexively. At the high involvement end of the scale would be something like the military bidding process, or for consumers buying a house or car. A medium-involvement purchase involves at least some thought. An example might be new headphones -- it's not an impulse purchase but unless you're ad audiophile there is only so much energy you will put into that purchase.
For marketers, the optimal situation for a low involvement purchase is to reduce the search for information to nothing. You can see this at the supermarket -- a pack of gum costs almost nothing to produce, but they want to charge $1.50 for it. So they first try to create some brand awareness so there is instant recognition while you're in the supermarket line. They play to the emotion when you do this -- fear of bad breath. Or they sell you candy or a trashy magazine, in either case based on a pleasure-seeking response. If you thought about it, you would realize that there is no lasting pleasure to be derived from crappy candy or knowing which celebs have the best bikini bods, so in order to capture that quick emotional response product placement is essential. You can't put that stuff at the back of the store or nobody would buy it. Don't give people time to think, and you have a classic low-involvement purchase. Attached in Appendix A are images of low involvement products.
For a medium-involvement purchase, let's use the headphones. You like music, but unless you're a nerd about it you just want something that sounds good. You probably have a price point, and you might also want to impress your friends. So there is a list of attributes you seek, but you are not going to take the time to become an expert. Brand awareness feeds into that -- your short list is probably a handful of well-advertised brands that your friends also have. Explanations of attributes are in non-technical language, and probably at the point of purchase or on the box, which is where you'll be doing your research. When the few ticks you need are found, then you decide if you want the low end of your range (to save money) or the high end (to impress your friends). Attached in Appendix B are images of medium involvement products.
For a high involvement purchase, you'll probably start with online research. Say you're buying a vacation -- you spend hours researching where you might want to go, why you want to go, prices, what times of year are best and a number of other factors. You're spending a lot of money and your boss only gives you two weeks a year, so you take this decision quite seriously. As a marketer, you first want brand awareness. You want to be one of the first searches that somebody does on Expedia or Trip Advisor. Ad placement can help with that -- if someone searches Playa Mujeres, show them an ad for your resort at Playa Chicas because you want in on that conversation. Then, have a sales pitch ready with your value proposition. Try to match up with the attributes your customer wants -- the more you know about the customer the more effective your pitch will be for high involvement purchases. That's why realtors and car salesmen talk to you first. Big data can be good at this for high involvement sellers online. It's a more intimate selling experience because you have a lot of needs to meet and the customer might have a lot of questions. Relationships are more important in high involvement products than in other types (Martin, 1998). Attached in Appendix C are images of high involvement products.
Online advertising carries with it unique dynamics with respect to impact. Cauberghe & Pelsmacker (2008) noted that levels of interactivity in advertisements online affect consumers differently. Some ads stimulate brand recall but not attribute recall -- these might be better for low or medium-involvement purchases, while more interactive ads generate positive brand attitudes as well as better brand recall.
It is worth considering that many factors are common to the...
Consumer Behavior - Analysis of Coca-Cola Consumer Behavior - Analysis of a Product or Service The objectives of this report are to discuss what consumer behavior is, why consumer behavior is vital, and how consumer behavior is influenced by the needs, goals, and motivations of the consumer. The purchase and use of a product by the Coca-Cola Company will provide support for this report. The consumer behavior of consumers of soft drinks
Marketing Mix Integrated Marketing Communication (IMC) Integrated Marketing Communication (IMC) is a vital aspect of any business organization. In most cases, it entails the effective promotion of a new service or product to a targeted niche market in an effective and appropriate manner. The main purpose of IMC is to instill some mental or behavioral response towards the projected group. Several tools designed to fulfill this fundamental mandate of the IMC, and
As it has been mentioned throughout the previous sections, the literature review represents the research conducted through secondary sources. The information is divided into six distinct sub-sections as follows: 2.1. Consumer behaviour 2.2. Maslow's hierarchy of needs 2.3. The product brand 2.4. Elements in the coffee purchase decision 2.5. The coffee industry and the coffee market in Thailand 2.6. The ability of advertising and marketing to stimulate coffee purchase 2.1. Consumer behaviour Customer behaviour can be understood
social media of hotel industry influence consumer purchasing behavior 24/09/2015 Prominent examples of social media Business Use of Social Media Social media and consumer purchasing Role of Social media in Advertising and Marketing Social Media Marketing Evidence of importance of Social Media Marketing Impact of Social Media Marketing on Consumer Purchasing Behavior The Herding Effect Theory of Social Impact Social Media Influence Factors on Consumers Social Media in the Hotel Industry Social media and Thailand Hotels Approaches to Methodology Outline of research Method Sample
Marketing Strategy Sales and Marketing Strategy Barkwood Pet Daycare: Sales and Marketing Strategy Marketing Message Marketing message refers to the component that plays a critical role in grabbing the prospective attention while offering information on how to solve the problems and the need to trust the organization in question. It is also critical in the decision-making process by the consumers to adopt and integrate valuable reasons to execute transactions with the organization above any
Consumer Behavior: Self-Image Congruence Affects Luxury Goods Retail The concept of luxury has been present in the society in various forms since the beginning of civilization. With very clear differences between the social classes back in the day, the consumption of goods categorized as luxury items were restricted to the elite classes. This also defines the underlying thought behind luxury goods; whatever the poor couldn't afford to have while the elite
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now