Question

Topic: Customer Behavior

How Customers Make Buying Decisions?

Posted by Anonymous on 50 Points
while making buying decisions, what factors influence customers much. As in online shopping, how customer attract to some coupons website, so that better able to plan shopping at economical prices.
Is in online shopping, rational thinking involved or affective based decisions dominating.

Thanks
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RESPONSES

  • Posted on Moderator
    I recommend reading Jonah Lehrer's "How We Decide" as a first step in dealing with your question.

    Here's a link to the Amazon.com website description of the book: https://bit.ly/8YNxKp

    Then, after that, read "Predictably Irrational," by Dan Ariely: https://bit.ly/bWBs8W

    Those two books address in some detail how customers make their buying decisions. It obviously depends a lot on what the nature and importance of the decisions will be. (You might approach buying a house or an expensive piece of capital equipment differently from selecting a brand of toothpaste or a restaurant for dinner.)
  • Posted by Gary Bloomer on Accepted
    Dear faheem_aries

    What a great question!

    If more marketers asked (and answered) this question before sticking their wares out for sale, they'd make more money.

    When making a buying decision, all kinds of factors crop up, some of which include: price ratio against benefit outcome, need, want, desire, pain, whim, impulse, solution, and our desire for social acceptance.

    People buy to make statements about themselves (Look at me, I can afford this thing); to fulfill needs (I am exchanging this amount of money for this thing in order to solve this problem); and to make declarations to other people (I have bought this thing, therefore I fit in with this elite group).

    The implications here are also that if you, as a fellow social human being ALSO buy this thing, you'll also be more acceptable in some way or other, or that you'll be ahead of your friends, neighbours, colleagues, siblings, and so on.

    It's from this complex social soup that we get and create our definitions of value. Whether online or off, the overwhelming majority of buying decisions and triggers are based on emotions.

    Emotions drive our senses of state (desire, want, need and the complex web of feelings and belief structures each of us carries with us and builds around our lives through personal past experience, and through personal projection of an imagined future).

    We then use logical attribution to justify our emotional choices.

    The practical upshot of all this is that the more you as a marketer can align your projected benefits and value with the deeply felt need of your customer, the more the customer connects the benefits and sense of buying your goods and services with their desired outcome.

    So the customer sells the merchandise to themselves.

    I hope this helps. Good luck to you.

    Gary Bloomer
    The Direct Response Marketing Guy™
    Wilmington, DE, USA

  • Posted on Author
    Thanks for such a beautiful answer.
    If we talk about VALS, then there are certain segments; believers, strivers, survivors tat only depend on what they have and believe on past experiences. So is there a kind of emotional touch in their decision making or purely logical base - rational decision making.

    And also there are impulse purchases and emergency buying that involve no thinking. So FMCG companies put more efforts in developing brand image - especially candies, stationary, other similar utilities, I think.
    Thanks again.
  • Posted on Author
    Great words by Gary Bloomer

    'The practical upshot of all this is that the more you as a marketer can align your projected benefits and value with the deeply felt need of your customer, the more the customer connects the benefits and sense of buying your goods and services with their desired outcome'.

    Thanks
  • Posted by Jay Hamilton-Roth on Member
    Online there's also the amount of effort required to find what you're looking for. Just as in most decisions, the amount of effort expended is proportional to how big a problem you're trying to solve (it's "value").
  • Posted on Author
    Thank you all for providing such a valuable information.

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