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Priya Discussion
Priya Discussion
In the highly competitive market and technology advancement with the usage of internet it has
shifted the traditional market to digital marketing strategies. Digital marketing grab wide area
and in the highly competitive market it involve exploring business model using digital
technologies which reduces cost and expand business globally. Today digital marketing have a
greater scope of expanding their business in the future as customers are much more satisfied by
doing online shopping as they find digital marketing much more safer than traditional
marketing. Digital marketing provide opportunity to the customers to have a look on the
information of the product provided by the company and can able to do comparison
accordingly, so that they are able to enjoy right to choice and can place order at any time.
Digital Marketing refers to online marketing, internet marketing. Digital Marketing not only
essential for grabbing wide area for marketing but it also equally essential for customers as it
provide number of opportunity to talk directly with customers. In the highly competitive market
and technology advancement with the usage of internet it has shift the marketing strategies to
digital marketing strategies and the way of dealing with the customers with the passage of time.
Day by day it increases the use of digital marketing as consumer gets wide variety of products
not only with in particular geographical boundaries but from all over the entire world .The term
digital marketing has become popular over period of time.
Digital marketing market the product and services mainly on the internet but also on any digital
medium like mobile phones. Marketing through digital medium it gives more satisfaction to the
customers as they can ask queries and can also give suggestions related to any product and
services. In digital market medium for communicating is much more convenient than traditional
marketing as medium of communicating is mainly through website, chat, Email, etc. To expand
and grow any business worldwide digital marketing is one of the fast way to develop as they use
digital tools which makes marketing much easier. It reaches large number of customers from all
over world in less number of time.
Today digital marketing have a greater scope of expanding their business in the future as
customers are much more satisfied by doing online shopping as they find digital marketing much
more safer than traditional marketing . Each and every income group of people do
online shopping as there is different variety of products available at different prices and
different payment methods also available which becomes more convenient for the customers to
do online shopping. Today for every organization digital marketing becomes very crucial part
in doing business as it not only increases profit margin of the organization but also expand the
business globally. Customers become loyal towards product as they become more confident after
getting each and every information of the product and they gives their feedback which generate
good relationship between customers and sellers.
Now consumers can easily do comparison on the bases of information given, customers have
right to choice. Today almost every customer depend on digital market as it saves their time
and most of them are most satisfied while shopping online. Online shopping is more safer
for customers today the traditional shopping, each and every group of customers are aware
of digital market today. Because of the availability of vide variety of products from all over the
world customers feel that online shopping is more easy and less expensive as it eliminates
channels in between. In the promotion of digital market, technical advancement is improving
day by day. Digital marketing collect feedback of customers very easily and revert back
quickly towards the problems of customers and also work on the suggestion provided. It
ensures transparency on only before purchase but after purchase also. In the present market
digital market have greater future as it has benefit for both customers and sellers.
Sub-cultures
Subcultures are intriguing social units for market research and segmentation due to their relative
homogeneity of norms, values, and behaviors. Past studies of subcultural consumption patterns
have focused on ethnic or other ascribed subcultures, such as African American, Hispanic,
Italian, Jewish, and WASP. which, despite some general commonalities, often display such
diversity of consumption preferences as to severely limit their potential as market segments. This
research examines instead subcultures that self-select on the basis of shared consumption
interests. United by commitment to particular careers, avocations, or lifestyles, certain non-
ethnic subcultures, like surfers, skateboarders, hot rodders, and Deadheads, exhibit high degrees
of homogeneity that not only carry over into consumer behaviors but actually become articulated
as unique ideologies of consumption.
Social Factors
Social factors that influence consumer purchasing include family, peers, roles and status. Family
members such as a spouse, children and parents can exert strong influence on the consumer’s
purchasing behavior. Peer pressure is also a strong factor that determines a consumer’s
purchasing choices. Everyone belongs to a group of some sort, from friends to neighbors and
coworkers. Rather than get left out, people purchase products that make them fit in. A person’s
role in life, for example as a manager and the status that comes with the position, determine
certain purchasing choices. A consumer’s behavior is also influenced by social factors, such as
the consumer’s reference group, family, and social roles and statuses.
Consumer Behaviour is an effort to study and understand the buying tendencies of consumers for
their end use.
Social factors play an essential role in influencing the buying decisions of consumers.
Human beings are social animals. We need people around to talk to and discuss various issues to
reach to better solutions and ideas. We all live in a society and it is really important for
individuals to adhere to the laws and regulations of society.
Reference Groups
Immediate Family Members
Relatives
Role in the Society
When it comes to earned, owned, and paid media, “earned media” is the most sought after. This
is the publicity you receive through efforts outside of paid media. An example is when a
publication decides to write a featured article about you based on you contacting them through
a media outreach campaign.
Owned Media
Owned media is something you generate on a website that you control. It can consist of your
website, social media page (your actual profile page, not what others are saying on the social
network), and blog.
Paid Media
Paid media comes in various forms, but all include paying someone to post content about you or
your company. Do not confuse paid media with paying a publicist to obtain earned media for
you. Even though you may pay someone to do your media outreach, that would still be
considered earned media.
Consumer purchase behaviour is how individuals, organisations, and groups select, buy and
make use of product, service, experience or ideas to satisfy their needs.
Consumers have a tendency to take part in relational behaviours to accomplish more effecting
their decision-making, to reduce information processing, to achieve more cognitive
consistency in their decisions, and to reduce the perceived risks associated with future
choice. A consumer begins to feel safe with the service provider or supplier when
transactions are done successful. When consumer trust the company, they realize that this
organization can satisfy their requirements and needs and in the long run, they become
committed to the company. Consumer online purchase decisions have mainly focused on
identifying the factors that affect the willingness of consumers to engage in internet shopping. In
the space of consumer behaviour research here are general models of purchasing behaviour that
delineate the procedure which consumers use in making a purchase decision. The online
shopping environment empowers consumers to reduce their decision-making efforts by
giving huge selection information screening, dependability, and product comparison. Since
the Web gives screened and examination data for options, consumers may likely to
reduce the cost of information on search and the effort in making purchasing
decisions.
Consumers with greater Internet experience will probably utilize on the web channels to gather
item data because the cost of collecting information is less costly than that from offline channels.
Consumers who have a greater internet experience is likely to the various perception of the
attribute of the online channels from that of an internet beginner and also the consumer will
have a higher confidence on the internet. For an Internet beginner, in contrast, utilizing the
online information may evoke perceptions of uncertainty and complexity. Therefore,
Internet experience may moderate the assessment of online information. Hence, consumers
with more internet shopping experience will be using the internet as their primary
information source and also more likely to have a greater confidence on the internet.
Furthermore, they are also more likely influenced by the online reviews.
A person chooses a chock-full restaurant over an empty one even if it means waiting an
hour to be served
When buying a product online, you are more likely to choose one with the highest
reviews
You decide whom to follow on social media based on the number of followers
A clear promise. For the offer to work, the visitors shouldn’t have to second-guess what
value they are getting.
The proposal should provide a solution for one of the consumers’ key pain points
The benefit of the offer should be greater than the cost
Become an authority
Consumers tend to follow what they consider authorities say or do. However, it is important to
establish your authority on cues they associate with. For instance, most people associate
authority with expensive clothing, impressive job titles luxury cars and other possessions.
People, in general, believe what they see.
When it comes to online marketing, some normal cues people associate with authority include
large social media following as well as publications on high-authority sites and so on. With these
in place, marketers can leverage them to get consumers to take action based on providing
recommendations and instructions on what to buy. To improve the effectiveness of your
marketing, focus on developing authority cues that your audience recognizes.
When looking to use your marketing strategies to persuade the consumers to take action, try to
focus on helping them in making the right choices. Think carefully about your audience, and try
to find out as much as you can about them. A marketer who knows their audience can use their
mindset to attract, persuade and make sales. Psychology provides the insight you need to
understand what makes consumers buy, signup or click.
Conclusion
It is very important to know the psychology of the consumers in the dynamic environment. Ever
changing buying behavior of the consumers in the digitalized world should be understood
properly to make the business sustainable. The revolutionized economy possesses many threats
and challenges which are to be faced by the marketers today. People should be made more aware
regarding the advantages of digitalized marketing. More efforts should be laid down to make
digital marketing safe so that there is an increase in the market size. The digitalization has
brought positive change in behavior of consumers. The greater change can be seen in big cities
and among working couples due to lack of time it is convenient for them to do buying, payments
at any time anywhere. Also digitalization gives rewards to consumer in form of coupons, gift
vouchers, discount, cash back, cash discount which motivates them to use digital transactions. At
last to create awareness and increase the usage of digitalization there is need to have
promotional campaigns, roads shows, workshops among costumers.
To conclude, the youth, their buying behaviour, their purchasing power, awareness about the products
etc. have greater influence on the individual and family buying behaviour. As per the present National
Youth Policy there are around 33 crore population in India is the youth in the age range of 15-29 years.
They form a major portion of market segment in India. Every marketer must understand the psychology
of these youth segment, so that they can be a successful marketer in the days to come in the
competitive economy. The Digital marketing which has revolutionized the economy in general and
marketing in particulars poses many threat and challenges to the marketer in the competitive market.
Changing buying behaviour warrant the marketers to understand the youth in a better way to devise
suitable marketing strategies to retain the present and to capture the potential market, so that the
market can move on from the mere customer oriented marketing approach to Technological Customer
Oriented Marketing approach in the near future.