Maslow's hierarchy of needs theory suggests that there are five levels of human needs that motivate customer purchases:
1. Physiological needs like food and shelter motivate customers to buy basic necessity products.
2. Safety needs like financial security and healthcare motivate customers to buy insurance policies and medicine.
3. Social needs like belonging and relationships motivate gift-giving and purchases that support friends/family.
4. Esteem needs like respect motivate purchases of hobby or talent-related products for social participation.
5. Self-actualization needs like achieving one's potential motivate purchases of items that express creativity or talent.
Maslow's hierarchy of needs theory suggests that there are five levels of human needs that motivate customer purchases:
1. Physiological needs like food and shelter motivate customers to buy basic necessity products.
2. Safety needs like financial security and healthcare motivate customers to buy insurance policies and medicine.
3. Social needs like belonging and relationships motivate gift-giving and purchases that support friends/family.
4. Esteem needs like respect motivate purchases of hobby or talent-related products for social participation.
5. Self-actualization needs like achieving one's potential motivate purchases of items that express creativity or talent.
Maslow's hierarchy of needs theory suggests that there are five levels of human needs that motivate customer purchases:
1. Physiological needs like food and shelter motivate customers to buy basic necessity products.
2. Safety needs like financial security and healthcare motivate customers to buy insurance policies and medicine.
3. Social needs like belonging and relationships motivate gift-giving and purchases that support friends/family.
4. Esteem needs like respect motivate purchases of hobby or talent-related products for social participation.
5. Self-actualization needs like achieving one's potential motivate purchases of items that express creativity or talent.
motivate customers to buy a specific product? ANS: In 1943 Maslow suggests a need hierarchy of human being that trigger them to fill for consuming something. He perceived that the ultimate human concern in his life is getting something self-actualized thing and in this way, there are other stages to have to pass by for building the piler of those needs and expectations. The five-stage need theory suggests physiological, safety, social, esteem, and self-actualization need.
Physiological need: The basic needs of Human being for
general living. This need allows a customer to buy something that is most crucial for survival, for example, the need for, food, water, shelter. This is the basic things that customer do not want but they need this and the product make them feel good to purchase further convenience product. The general feeling for a living is the main motivator in this process.
Safety needs: After getting the basic things people aware
of the security of their life. Security and safety concerns of people are related to all the other expectations. A consumer will buy a product when he realizes that he has the proper financial condition, this is financial security. Health is also concerning, having security against health and wellness causes a buy to health protection product like medicine and purchase insurance. Social needs: Need for love and belonging with the other community or people in the society convince people to buy a specific product like a gift for a friend, clothes for poor people, a product for your family. This all need origins from being a part of friendship, personal attachment, family, and community.
Esteem need: They need to perceive appreciation and
respect from the other parts of society. For that reason, people want to purchase certain things like a product for meeting personal hobbies or service for participation with the communities.
Self-Actualization need: The supreme need of human
life that convinces him to purchase an aesthetic thing that can make him feel superior to others. Things can be capable or talent-related. For example, an artist or creative person is expected to buy an art gallery. This specific purchase need originates from the supreme perspective of human life.
Each level has a different insight to convince people to buy and
make them a customer by motivating through different instincts.